Abans celebrates World Children’s Day at Pelawatte Elite showroom today

In honour of World Children’s Day 2016, Abans has organised a special day filled with fun and exciting activities for the entire family today, at Abans Elite Pelawatte from 10:00  a.m. onwards.

Shares end higher; blue chips lead

Reuters: Sri Lankan stocks posted a fourth straight session of gains yesterday to end at a near one-month closing high, led by blue chips, while the drop in T-bill yields boosted sentiment.

Rupee edges down on importer dollar demand

REUTERS: The Sri Lankan rupee ended weaker yesterday, posting its fourth straight session of 

CB rules out investigation on primary dealer unless audited accounts peculiar

The Central Bank (CBSL) will not launch an investigation into the controversial primary dealer 

Sri Lanka lubricant market grows 6.8% to Rs.23.4 billion: PUCSL

Sri Lanka’s lubricant market grew 6.8 percent to Rs.23.4 billion in 2015, with 10.1 percent growth in 

CB envisages own trading platform for G-Secs within a year

The Bloomberg electronic trading platform was implemented due to the widespread availability of the 

FinMin disputes 2Q GDP growth figure

Sri Lanka’s FinanceSri Lanka’s Finance Minister yesterday disputed the second quarter (2Q16) growth statistics  Minister yesterday disputed the second quarter (2Q16) growth statistics 

Lankan appointed as Singer Bangladesh CEO

Singer Bangladesh has appointed a Sri Lankan, Mohamed Fairoz, as Chief Executive Officer. Prior to 

LTL powers automation and motion control research facility at UoM

Lanka Transformers (Pvt.) Limited (LTL) provided a state-of-the-art automation and motion research 

Shares end at near one-month closing high

REUTERS: Sri Lankan stocks yesterday posted a third straight session of gains to end at a near 

CIMA to hold integrated reporting discussion forum

CIMA Sri Lanka will be hosting a breakfast forum on integrated reporting themed ‘Towards better 

ETCA labour movement decision left to trade chambers: Malik

The Sri Lankan trade chambers and professional bodies will be the main judges of whether the movement of natural persons will be opened up under the proposed Economic and Technology Cooperation Agreement (ETCA) with India, according to the government.

FinMin tours S’pore to study investment promotion models

Finance Minister Ravi Karunanayake toured in Singapore recently to study whether the Singaporean investment promotion models could be utilized for such development in Sri Lanka.

Aravinda appointed to Hayleys board

Hayleys PLC yesterday announced the appointment of Aravinda Perera to its board of directors effective from September 12, 2016 and Chairman of the group’s Audit Committee. 

Sri Lanka’s computer literacy rises 27% in 2015: survey

Sri Lanka’s computer literacy rose to 27.1 percent in 2015 compared to 16.1 percent in the 2006/07 period, a survey conducted by the Department of Census and Statistics (DCS)  has revealed.

Fitch places Distilleries on negative watch over restructuring

Fitch Ratings has placed Distilleries Company of Sri Lanka PLC’s (DIST) national long-term rating of ‘AAA(lka)’ on rating watch negative (RWN) following the group restructuring that is currently being completed. 

Late to the party? India commits US $ 2bn over next 4 years

India has belatedly joined the recent bidding war to gain further influence in Sri Lanka, by promising to invest US $ 2 billion over the next four years.

Mother Sri Lanka to hold ‘Future Forum’ on October 6

Mother Sri Lanka’s (MSL) newest programmes include a youth programme involving students in both state and non-state sector higher education institutions and a series of panel discussions on social issues affecting the lives of all Sri Lankans.

EFL establishes country’s first LEED Gold warehouse facility

Leading freight forwarder EFL recently received top honours for its sustainable warehousing design with accreditation as Sri Lanka’s first LEED Gold warehousing facility. 

Laugfs shifts to iconic property at Maya Avenue

Laugfs Holdings recently announced the shifting of its corporate head office to an advanced state-of-the-art building complex in a landmark location at 101 Maya Avenue in Colombo 06. The move to shift to this exclusive and iconic property at 101 Maya Avenue coincides with Laugfs’ 21st anniversary this year. 

Youth Business-GS1 Lanka to help young entrepreneurs

Youth Business Sri Lanka (YBSL) entered into a partnership with GS1 Lanka to provide its young entrepreneurs with a range of services such as obtaining barcodes and providing them with access to the practices adopted in the global supply chain systems.

Munchee declared ‘No. 1 FMCG Brand’ in Sri Lanka

Sri Lanka’s leading biscuit brand Munchee has been adjudged ‘Sri Lanka’s Number One FMCG Brand’ by the Brand Footprint Report, a global study of winning brands in the FMCG space conducted by Kantar Worldpanel. 

JAT Holdings sponsors 4th Sri Lanka Wood International Expo

JAT Holdings sponsored the recent 4th edition of the Sri Lanka Wood International Expo 2016 exhibition which culminated with great success at the BMICH in Colombo.

MTI’s ‘idea2fund’ social entrepreneurs win Ricky Mendis grant

Four social entrepreneurs from MTI’s ‘idea2fund’ platform were selected and awarded a start-up grant from Ricky Mendis to kick-start their ventures. 

Exterminators displays two green inventions at Pest World East 2016 in India

The Exterminators (Pvt) Ltd, Sri Lanka’s premier award winning pest management company, displayed two truly green inventions at Pest World East 2016 organized jointly by the National Pest Management Association USA and the  IPCA- India.

United Colors of Benetton Fall Winter 2016 at Turret

The United Colors of Benetton Fall Winter 2016 is all about vibrant, colourful clothes and easy-to-wear pieces for everyone that mix the hottest trends of the season with the iconic Italian brand’s quirky, cosmopolitan vibe. 

SLEA Annual Sessions 2016: Sri Lanka Economic Association calls for registration

The Sri Lanka Economic Association (SLEA) will be holding its 2016 Annual Sessions on October 21 and 22, at Taj Samudra, Colombo 1.       

Stassen Group brings world’s first ice cream Häagen-Dazs to Sri Lanka

Häagen-Dazs, renowned as the world’s finest ice cream, recently announced their entry into the Sri Lankan market. 

Batticaloa has not achieved expected post-war development: Sujeewa

International Trade State Minister Sujeewa Senasinghe stated that Batticaloa, with its ideal geographical location and natural resources, has not achieved any significant development in the past decades. 

People movement via ETCA only later, in stages: Malik

??By Chandeepa Wettasinghe While the natural movement of persons was not on the agenda of the