New board appointments at Softlogic

Softlogic Holdings PLC recently announced the appointment of Prof. Ajantha Dharmasiri and Aaron 

Seylan Bank to raise up to Rs.8bn via debentures

The director board of Seylan Bank PLC has resolved to raise up to Rs.8 billion through a debenture 

SriLankan Chairman contradicts Weliamuna report

The past management of state-owned SriLankan Airlines had not mismanaged company funds as was stated in the Weliamuna report, the national carrier’s present head told Mirror Business. “There 

TPG, BlackRock show early interest in SriLankan Airlines stake

REUTERS: Private equity firm TPG and fund company BlackRock Inc. are among half a dozen firms 

OPA holds AGM; Ravi recognised

The Annual General Meeting (AGM) of the Organisation of Professional Associations of Sri Lanka (OPA) and its award ceremony were held with the patronage of President Maithripala Sirisena on October 4 at Cinnamon Grand Hotel Colombo.

BOI Chairman clarifies

Board of Investment Chairman Upul Jayasuriya has sent Mirror Business the following clarification over the article titled ‘BOI chief wants consistent policies to lure investments’ appeared on October 5, 2016.

Caterpillar introduces high-tech solar panels to local market

Caterpillar, a company that provides power generation solutions, introduced its new state-of-the-art advanced technology solar panels to the local market, through its Sri Lankan dealer  UTE recently.

Richard Pieris Natural Foams emerges ‘Most Outstanding Exporter’

Richard Pieris Natural Foams Limited, one of Sri Lanka’s leading manufacturers of latex foam products, emerged as the ‘Most Outstanding Exporter’ at the NCE Export Awards held recently.  The company also won Gold for the Most Outstanding Exporter in the Agriculture Value Added Sector and yet another Gold for Rubber Products Sub Sector (Extra Large).

Lanka Canneries’ MD Cordial debuts new ‘Palathuru Double’ campaign

Lanka Canneries Limited unveiled its new cordial thematic campaign, ‘Palathuru Double’ recently.  During the event, Lanka Canneries also showcased the new vibrant packaging for its mixed fruit, orange, mango and passion fruit 400ml and 750ml range of cordials.

Admo Solar signs MoU with Hatton National Bank

Admo Solar carved a milestone in the solar energy sector with the recent successful installation of the Solar Net Accounting System at the official residence of the President of Sri Lanka.  As a follow-up to this landmark event, Admo Solar signed a Memorandum of Understanding (MoU) with Hatton National Bank to foster development of the renewable energy sector amongst its loyal customer base. 

IronOne CEO excels at NCE Awards 2016

IronOne Technologies Co-Founder and Chief Executive Officer Lakmini Wijesundera excelled yet again being awarded the prestigious Special Award by the National Chamber of Exporters (NCE) of Sri Lanka in recognition of the unique entrepreneurship and achievement in the field of exports.  The NCE Awards Ceremony was presided over by Ministers Eran Wickramaratne and Ravi Karunanayake, Export Development Board (EDB) Chairperson Indira Malwatte an

MTI’s ‘idea2fund’ launches 2nd round

The second round of MTI’s idea2fund was launched this week with the expectations of an even larger number of entries, covering a diverse range of business domains.  

Elephant House eyes UK market expansion; enters bottling deal with UK firm

Elephant House has signed up with a UK-based bottling facility for the production of 1.5 litre PET plastic variants of its much-loved Necto, Cream Soda and Orange Barley beverages.

Fior Drissage receives export award

Fior Drissage Jewellers Ltd received an award at the 24th Export Awards held recently, under Precious Stones & Jewellery Sector. Picture shows W.G.B.M.Ranaweera (Chairman/Managing Director) receiving the award from Finance Minister Ravi Karunanayake 

Cargills group invests in local theatre to create productions of international caliber

Cargills (Ceylon) PLC is continuing its legacy as a sponsor of local art and culture through its long standing association with the Centre Stage team and the Workshop Players.

Inquiries for investment from United States and New Zealand

Sri Lanka has received inquiries for foreign investments from both the US and New Zealand this 

September tourist arrivals up 3.6%; Indian arrivals unchanged

Tourist arrivals to Sri Lanka in September were up by a modest 3.6 percent to 148, 499 with the 

Heavy penalties for tax defaulters in 2017: Finance Minister

REUTERS: The Sri Lankan government plans to impose heavy penalties for tax defaulters and expand tax offices across the country as it aims to increase the tax base by bringing to heel 

BOI chief wants consistent policies to lure investments

As Sri Lanka is nowhere near to quenching its thirst for investment, the country’s apex investment promotion agency yesterday warned “dooms day” for the nation if authorities fail to establish 

Lankan banks and finance companies in debenture rush

In what appears to be an apparent race to raise the much needed capital, as many as eight issuers 

Tobacco tax raised 20% after delay in VAT hike

REUTERS: Sri Lanka has increased its tobacco tax by about 20 percent, the Finance Minister said 

Hans appointed to JKH board

Dr. Hans Wijayasuriya has been appointed to the board of directors of John Keells Holdings PLC (JKH) 

Sri Lanka wins first award in global mobility industry

Founder of A. S. & Associates Resource also known as EVisaLaw and Sri Lanka Relocation 

Noritake clinches treble Golds at NCE awards

Noritake Lanka Porcelain (Pvt) Limited (NLPL) continued its winning streak this year and clinched 

Pedia Plus announces ‘Gift Galore’ consumer promo winners

Pedia Plus, the premium milk formula specially designed for kids aged 1-7 years, recently announced 

Arpico Privilege loyalty cardholders dine for less

The Arpico Privilege loyalty plan offers cardholders the opportunity to enjoy a variety of benefits that 

SML Frontier Automotive invites Jaguar customers for ‘Open Day’

SML Frontier Automotive, the sole authorised distributor of Jaguar and Land Rover (JLR) in Sri Lanka 

CIC Holdings named Silver sponsor for World Export Development Forum in Colombo

CIC Holdings PLC is proud to be the Silver sponsor for the World Export Development Forum 

Kotmale and Sirasa FM hold ‘Samanala Samuluwa’ to mark Children’s Day

Kotmale together with Sirasa FM, a member of the Capital Maharaja Organization, , organized the 

PM’s 1,500-day economic plan within two weeks

The much-anticipated five-year economic plan of the coalition government is expected to be announced within the next two weeks by Prime Minister Ranil Wickremesinghe, according to the Governor of the Central Bank.