BCS President and Group CEO visit Sri Lanka

Ray Long – President of British Computer Society (BCS), The Chartered Institute for IT and Paul Fletcher – Group CEO of BCS, The Chartered Institute for IT, were recently in Colombo to attend the graduation ceremony. They took some time to talk to the media during their stay. They spoke about both their programmes and the community  work they do.

Three all-time record prices at tea auction

Kenilworth estate situated in Ginigathhena has achieved an all time record price at the weekly tea auction of 19th October, by securing an attractive price of Rs.890 per kg for a BOP SP  grade in the Western Medium Grown category.

Central Bank to the rescue

The Central Bank of Sri Lanka (CBSL) will dole out nearly Rs. 16.5 billion through cash and government securities for investors and depositors of four fraud-ridden finance companies starting from next year.

Hashim assures govt. will not privatise SLIC

During an official visit to the Sri Lanka Insurance Corporation (SLIC) yesterday, Public Enterprises 

CB likely to raise interest cap on finance company deposits

The Central Bank will soon raise the cap imposed on interest rates offered on deposits by finance companies as the current interest rate ceiling has become irrelevant in the rising interest rate 

Power generation mismatch in CEB’s plan raises eyebrows

In the backdrop of power cuts being announced this week, the Sri Lankan power regulator 

Pace Institute holds ‘Path to Your Real Success’ seminar

The seminar titled ‘Path to Your Real Success’ recently organised by the Pace Institute in 

Govt. support, incentives to smallholders could reduce emissions from deforestation: expert

In Sri Lanka’s effort towards boosting the capacity and infrastructure required to reduce emissions 

Isuru Samarasinghe re-elected as SLRBC President

Isuru Samarasinghe was re-elected as President of the Sri Lanka-Russia Business Council (SLRBC) 

Emerald Sri Lanka Fund invests Rs.158mn in centralized laundry services provider

Emerald Sri Lanka Fund invested Rs. 158 million (US$ 1.08 million) in Cleanline Linen Management (Pvt) Ltd. (CLM), a centralized laundry services provider in Sri Lanka.

FinMin obtains Ceylon Chamber’s views on upcoming budget

Finance Minister Ravi Karunanayake met with the committee members of the Ceylon Chamber of Commerce (CCC) recently to obtain their views on the upcoming budget presentation.

Bicycle exporter Asiabike Industrial clinches two more top awards

Asiabike Industrial Ltd, Sri Lanka’s top bicycle exporter since 1994, recently added two more 

MoUs signed with sponsors of Architect 2017

Annual Sessions of Sri Lanka Institute of Architects (SLIA) will be held for the 35th consecutive time from 14th to 19th February 2017 at the BMICH Colombo consisting of a series of events and 

All-time record tea prices at auctions

The Galpaditenne Tea Factory situated in Lellopitiya, Ratnapura, established an all-time record price 

IOM to extend assistance to Sri Lanka in training and capacity building

The International Organisation on Migration (IOM) has expressed readiness to further enhance its 

Selakta International receives Bronze award for export excellence

Selakta International (Pvt) Ltd, one of the leading footwear & footwear accessory manufacturing 

CA Sri Lanka’s 37th National Conference today

The 37th National Conference of Chartered Accountants organised by the Institute of Chartered 

Fitch rates Seylan Bank’s debt issue up to Rs.8bn at ‘A-(lka)(EXP)’

Fitch Ratings has assigned Seylan Bank PLC’s (A-(lka)/Stable) proposed senior debenture issue of up to Rs.8 billion a national long-term rating of ‘A-(lka)(EXP)’.

Browns Hydro Power changes name to Lotus Hydro Power

Subsequent to the change in ownership, which occurred this July, Browns Hydro Power PLC has changed its name to Lotus Hydro Power PLC.

Shares fall for 6th day; turnover slumps to 6-wk low

REUTERS: Sri Lankan shares closed down for a sixth straight session yesterday with turnover slumping to a six-week low as cautious investors awaited a flurry of corporate results and next month’s  national budget.

ComBank’s Rs.5bn debenture issue opens on Oct. 24

Commercial Bank of Ceylon’s second issue of debentures for 2016 opens on Monday, October 24. The bank is seeking to raise Rs.5 billion with an option to increase it by a further Rs.2 billion to strengthen its Tier II capital and to raise long-term funds for expansion.

Alliance Finance announces capital restructuring programme

Alliance Finance PLC (ALLI) announced the dates for its capital restructuring programme yesterday with a disclosure to the Colombo Stock Exchange.

Rupee ends steady for third straight session

REUTERS: The Sri Lankan rupee closed steady for a third straight session yesterday as dollar demand from importers offset exporter sales of the US currency in the absence of Central Bank intervention, dealers said.

LG celebrates 50 years of TV production with OLED TV lineup

LG’s deep roots in the television industry dates back to 1966 when it produced the first TV manufactured in Korea. LG’s leadership in TV technology has made it a global trailblazer, which has helped to make Korea a hotbed of the electronic industry. Last year, LG unveiled the world’s first HDR-enabled 4K OLED TV, which was followed by LG Signature OLED TV.

Nature’s Agro Products Lanka achieves NCE Gold Award

Nature’s Agro Products Lanka, a leading value-added cinnamon and spices exporting company, was presented the Gold award in value-added agriculture sector, medium-scale coconut and coconut-based products sub category at the 24th annual National Chamber of Exporters of Sri Lanka (NCE) Awards, held recently at The Hilton Colombo. 

People’s Bank supports NCE Awards as ‘Premium’ sponsor

People’s Bank is proud to be the Premium sponsor of the prestigious National Chamber of Exporters of Sri Lanka 23rd Annual NCE Awards in order to support the exporters by giving them recognition and convenient finance solutions.

Vegiland Exporters wins NCE 2016 Export Award

Vegiland Exporters (Pvt.) Ltd won the Silver award in the Agriculture Bulk sector at the NCE 2016 Export Awards ceremony, organised by the National Chamber of Commerce of Sri Lanka held recently at The Hilton Colombo.

CL Synergy bags Golds at NCE Awards

CL Synergy, a pioneer in providing integrated innovative logistics and freight forwarding solutions, was awarded two Gold awards and a Bronze award at the 24th annual award ceremony of the National Chamber of Exporters (NCE).

TAC wins ‘Social Media Agency of the Year’ at SAPSA Business Excellence Awards 2016

Ameresekere Consulting (Pvt.) Ltd has been recognized for its excellence in the social media domain with the prestigious award for the ‘Social Media Agency of the Year’ by the South Asian Partnership Summit at the Regional Business Excellence Awards 2016, which was held recently at Waters Edge. 

Kuwaiti envoy holds trade, investment talks with CCC

Kuwaiti Ambassador in Sri Lanka Khalaf Bu Dhhair said his country is willing to help Sri Lanka’s development plans with required investments.