3WGE Leadership Summit to empower, groom students to be leaders

3WGE will initiate a leadership summit, ‘Together Towards Tomorrow’, which will provide resources, 

Abans introduces Sri Lanka’s first-ever mosquito away TV

Keeping one’s family safe from mosquitoes has currently become one of the top concerns for 

Hotel, Hospitality & Food Asia 2016 kicks off on Sept. 30

The hospitality industry will have yet another opportunity to source the latest products and services on offer at Hotel, Hospitality & Food Asia 2016.

7 Star Flour Silver sponsors Pro-Food exhibition again

Serendib Flour Mills recently extended its support to the Pro-Food Pro-Pack Exhibition as the Silver 

Nawaloka Power Solutions to promote renewable energy deployment

The Sri Lankan government’s recent landmark initiative promoting the generation of electricity through renewable energy sources creating an energy self-sufficient nation has been widely commended.

BOI Chief to talk on biz opportunities at SLIBC event

Sri Lanka-Italy Business Council (SLIBC) of the Ceylon Chamber of Commerce has invited the Board of 

Megapolis land woes in spotlight

With fast tracking the Western Megapolis being the priority for an array of sectors, which are banking on it, a senior official of the US $ 40 billion project yesterday stressed its organisation and structuring require greater focus.

High Commissioner signals possible Indian presence at Colombo Port

The Indian government is requesting Indian companies to invest in the Colombo Port, Indian High Commissioner in Sri Lanka Y.K. Sinha told a maritime forum in Colombo yesterday.   “We have encouraged Indian companies to invest in the expansion of the Colombo Port and that is why we believe, as an article of faith, the expansion of the Colombo Port will be good for Sri Lanka, good for India and good for the region,”   

Vehicle importers anticipate tax hike on small cars from upcoming budget

Prices of small cars below 1,000cc engine capacity may go up due to tariff increases in the upcoming budget, an official from the Vehicle Importers’ Association of Lanka (VIAL) said yesterday. “My personal feeling is that the tariffs of small cars below 1,000cc may go up in the upcoming budget,” VIAL Secretary Keerthi Gunawardena said.

Knit fabric maker changes name to Teejay Lanka PLC

Leading knit fabric manufacturer Textured Jersey Lanka PLC has changed its name to Teejay Lanka PLC, the company informed the Colombo Stock Exchange yesterday. 

E-Channelling majority shareholder accepts Mobitel’s voluntary offer

The majority shareholder of E-Channelling PLC, Senior Marketing System Asia (Pte) Limited, said it had accepted the voluntary offer made by Mobitel Private Limited to purchase its shareholding in the country’s first doctor channelling platform.

National inflation in August up 4.5%

Sri Lanka’s national headline inflation, which captures the price movements across all provinces, rose 4.5 percent year-on-year (YoY) in August but decelerating from the previous month’s 5.8 percent, the data released by the Department of Census and Statistics (DCS) showed. 

Dialog launches ViU: Revolution in video entertainment

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider recently announced  the launch of Dialog ViU (Video Unlimited), a revolutionary advancement in video entertainment for Sri Lankan consumers.  

Top South Asian millennials’ meeting kicks off today

Global Shapers from across South Asia will gather in Colombo for ‘Shape South Asia 2016’ kicking off today, with Finance Minister Ravi Karunanayake as the chief guest and Deputy Foreign Minister Harsha de Silva delivering the keynote address. 

Jinasena launches solar solutions for domestic and industrial markets

Jinasena (Pvt) Limited, one of the leading water management systems and solutions providers in Sri Lanka, has expanded business operations in Sri Lanka by venturing into domestic and industrial solar solutions under its renewable energy sector product range.

Pest control with a ‘green touch’

There’s pest control, then there’s carbon neutral pest control. The Exterminators (Private) Limited – Sri Lanka’s most decorated and Asia’s only Carbon Neutral-certified pest control company, renewed its carbon neutral status for a third consecutive year through recertification from Natural Capital Partners (NCP) in  the UK.

Ceylon Chamber holds Sustainability Awards 2016 pre-brief seminar

Closer to 100 corporate executives took part in the pre-brief seminar held recently at the Ceylon Chamber of Commerce to create awareness on the upcoming Best Corporate Citizen Sustainability Awards 2016, an annual event that recognizes the sustainability champions of the corporate world.

Rupee ends steady; state bank dollar sales cap fall

REUTERS: The Sri Lankan rupee ended steady yesterday as a state bank sold dollars after the local 

Shares fall for 4th straight session; VAT proposal weighs

REUTERS: Sri Lankan shares fell for a fourth straight session yesterday, led by large caps, as 

FinMin goes extra mile to collect views for upcoming budget

The Finance Minister Ravi Karunanayake will engage in an official tour of the Trincomalee district on 

Minister sits on tea hub proposal fearing for his legacy

The tea blending hub policy, which spring up from time-to-time, will require wide stakeholder approval 

CPC faces Rs.2bn monthly losses after excise duty hike

REUTERS: Sri Lanka’s state-owned Ceylon Petroleum Corporation (CPC) will incur a loss of about 

Asian Alliance seeks shareholder nod to change name

Asian Alliance Insurance PLC is to call an Extraordinary General Meeting (EGM) to obtain shareholder nod to change its name to Softlogic Life Insurance PLC.

No liberalization of professionals under upcoming FTAs: Kelegama

Sri Lanka’s bilateral free trade agreements (FTAs) that are currently being considered have no liberalization of professionals, a senior official confirmed.

Pathfinder meets with China Communist Party representatives

A visiting delegation representing the Communist Party of China (CPC) met with the officials of the 

GlaxoSmithKline names insider Emma Walmsley as new CEO

GlaxoSmithKline said yesterday it had chosen its head of consumer healthcare, Emma Walmsley, as its new Chief Executive, after considering internal and external candidates.

India’s Adani buys Australian port operator from Glencore

REUTERS: A unit of India’s Adani Enterprises Ltd will buy the company that operates Australia’s 

New Zealand pledges assistance to develop milk production sector in Sri Lanka

One of the leading world milk industrialists, New Zealand, said that it will extend its full assistance to 

Amunugama discusses poultry industry expansion

Special Assignments Minister Dr. Sarath Amunugama presided over a meeting to discuss the expansion 

Navin assures limited glyphosate imports for tea industry

The government is likely to allow the importation of 800,000 litres of the weed killer glyphosate essential for tea plantations starting from the next two to three months, Plantation Industries Minister Navin Dissanayake said recently at the Planters’ Association of Ceylon Annual General Meeting. “I’m sure maybe in two months, three months, I can have a formula in place,” he said.