Keells Food Products rewards most outstanding retailers

Keells Food Products, Sri Lanka’s market leader in the processed meat industry for more than three decades, recognized their most outstanding retailers as part of their newest initiative, “Keells Sellers, winners 2016” at a ceremony held at Ramada Hotel in Seeduwa recently.

Treasury delays reimbursing senior citizen deposit interest to banks

The National Treasury has failed to provide the promised reimbursement of the higher interest rate offered on senior citizens’ fixed deposits to the banks this year creating doubts over the continuity of 

Authorities plan crackdown on rip-offs at cinemas

Crackdowns on the illegal practice of retail shops in cinemas selling food and beverages at e

World Export Development Forum 2016 kick-starts today

The globally anticipated and represented World Export Development Forum 2016 (WEDF 2016) 

EU, ITC to help boost Sri Lanka’s trade competitiveness

The European Union is to fund a project to boost Sri Lanka’s potential as a regional and international 

Lower salaries prevent tourism office attracting professionals : Minister

Experienced tourism professionals are not willing to take up vacant positions at the four government 

Tax sugary drinks to fight obesity and diabetes: WHO

REUTERS: The World Health Organization said yesterday that governments should raise taxes on 

Blue Mountain Apartments breaks ground for Lake Front – Nawala

Blue Mountain Apartments recently held the groundbreaking ceremony to commence construction of 

Rural Economic Affairs Minister commends Nestlé’s contribution to dairy industry

Minister of Rural Economic Affairs,. P. Harrison, commended Nestlé’s contribution to the Sri Lankan dairy industry during a recent visit to Nestlé’s factory in Kurunegala.

Rifa Musthapha appointed as new WCIC President

Rifa Musthapha was appointed as new President of the Women’s Chamber of Industries and 

Rileys claims two Golds at NCE Awards

Rileys, a wholly-owned subsidiary of Hayleys PLC, won the Gold award for the Most Innovative 

Global roll-out of Zesta Connoisseur Collection to Shangri-La Hotels nears completion

Watawala Tea Ceylon, a subsidiary of Sunshine Holdings PLC – continued the rapid roll-out of its 

Fashion Bug receives Presidential recognition

Fashion Bug, a leading Sri Lankan retail clothing chain with over 16 outlets island wide,  

Top Malaysian firms on export acceleration mission to Colombo

To further promote bilateral trade between Malaysia and Sri Lanka, Malaysia External Trade 

JAT introduces Crown Paints to local market

JAT Holdings, the market leader in Sri Lanka’s furnishing and finishing industry, recently introduced 

Malik meets Chinese, German dignitaries attending WEDF

Colombo is hosting the World Export Development Forum (WEDF) today and tomorrow. The 

Halpé Tea bags top six honours at NCE Awards 2016

World-renowned for its distinct and flavorsome produce, Halpé Tea, a subsidiary of the U.H.E Group, 

Central Bank establishes authenticity of leaked report on primary dealer

The Central Bank yesterday in a statement admitted that the report on the controversial primary dealer Perpetual Treasuries, which has been given widespread media coverage, was in fact a leaked internal document, establishing its authenticity. 

Tourism authorities positive over reaching 2.2mn tourist target

The country’s tourism authorities yesterday said they were extremely confident of posting probably the second best tourism performance figures of the past four decades despite escalating global safety concerns.

Local poultry sector likely to face excess demand near future: report

Sri Lanka’s poultry sector is expected to run into excess demand, given the rising income levels and inconsistent government policies with regard to supply, an equity research report pointed out.  

Two economists win Nobel for insights on setting pay and rewards

REUTERS: British-born Oliver Hart and Finland’s Bengt Holmstrom won the Nobel Economics Prize yesterday for work that addresses a host of questions from how best to reward executives to whether schools and prisons should be privately owned.

Rupee ends lower on seasonal importer dollar demand

REUTERS: The Sri Lankan rupee fell yesterday due to importer dollar demand ahead of the festival season in December, dealers said, adding the local currency would remain under pressure due to continued dollar demand from importers until year-end.

Tourism authorities positive over reaching 2.2mn tourist target

??By Chandeepa Wettasinghe The country’s tourism authorities yesterday said they were extremely 

Shares end slightly weaker; turnover touches 3-wk low

REUTERS: Sri Lankan stocks edged down yesterday, led by blue chips on profit-taking, while trading volume fell to a three-week low as investors stayed on the sidelines awaiting direction from the budget and September-quarter corporate results. The benchmark index of the Colombo Stock Exchange finished 0.3 percent weaker at 6,562.50.

Next Institute holds 3rd Colombo Supply Chain Forum

Organised by the Next Institute of Supply Chain Management (NISCM) along with a host of industry sponsors, the third Colombo Supply Chain Forum (CSCF) themed ‘Capability building for 2020’ was held recently at Cinnamon Lakeside Colombo.

SriLankan Airlines partners Trail 2016

SriLankan Airlines recently stepped forward as the official airline partner of Trail 2016 that is set to take place from October 6 to November 2.

Spice Producers’ TIEP scheme seminar on Oct. 13

The Spices and Allied Products Producers’ and Traders’ Association (SAPPTA), in association with the Sri Lanka Customs and Primary Industries Ministry, will hold a seminar under the theme ‘Temporary Importation for Export Processing (TIEP) scheme’ on Thursday, October 13, 2016 from 2:30 p.m. to 5:00 p.m. at the Ground Floor Auditorium of the Ceylon Chamber of Commerce, No: 50, Nawam Mawatha, Colombo 2.

BMICH staff holds blood donation campaign

The Bandaranaike National Memorial Foundation held a day-long blood donation campaign at the BMICH recently, to bestow merit on three members of the Bandaranaike family. 

Hameedia refurbishes Cancer Hospital Ward 13

Adhering to its legacy of making lasting contributions to the community, leading menswear specialist Hameedia refurbished Ward No. 13 of the Maharagama Cancer Hospital to offer enhanced services to patients. The refurbishment of the hospital is one amongst many such initiatives undertaken by Hameedia, which undertakes a Corporate Social Responsibility (CSR) project every month. The refurbishment more importantly has created a  positive atmos

High-profile German delegation discusses business with CCC

A high-profile German business delegation led by the German Asia Pacific Business Association, which visited Sri Lanka during last week to explore trade and investment opportunities, held talks with the Ceylon Chamber of Commerce (CCC).