CIMA–CA ink MoA to boost accounting profession

The finance management field yesterday saw two of Sri Lanka’s leading accounting professional bodies joining hands in an effort to further push and encourage the stream in the country.

Confectionery with unhealthy, banned ingredients in market

Imported food products manufactured using banned ingredients are seen flooding into the local market risking the health of the Lankan consumer but the authorities have done little to nab those unscrupulous traders, the association representing the confectionery manufacturers charged.

Shanghai biz delegation wants more commercial links with Sri Lanka

A delegation from the China Council for the Promotion of International Trade (CCPIT) of Shanghai Sub Council visited the Ceylon Chamber of Commerce (CCC) recently.

Palm Gardens Hotels to invest US $ 110mn for 3 Maldivian resorts

The Browns group subsidiary, Palm Gardens Hotels PLC (PALM), is to become the latest entrant to the Maldivian tourism scene with the company planning to construct three resorts in the Indian Ocean archipelago with an investment of US $ 110 million.

Malaysia’s Axiata says committed to long-term investment in Sri Lanka

Amid speculative reports of Malaysia’s Axiata Group Berhad (Axiata), the parent company of Sri Lanka’s Dialog Axiata PLC (Dialog), trimming its exposure in overseas ventures, Axiata yesterday said it would “continue to fortify its commitment” to Dialog and the Sri Lanka market.

Shares hit 7-wk closing low; Distilleries down

REUTERS: Sri Lankan shares fell for a third straight session yesterday to post their lowest closing level in seven weeks, led by Distilleries Company of Sri Lanka due to selling by foreign investors ahead of a change in company ownership.

Nippon Paint hosts Sri Lanka’s first Asia Young Designer Awards

Introduced by Nippon Paint, Japan in 2008 to inspire and motivate innovative designers with the creative potentialthe Asia Young Designer Awards (AYDA) will be held in Sri Lankafor the first time in October2016 with the initiative of Nippon Paint Lanka (Pvt) Ltd. 

LSEG partners LBR LBO Infrastructure Summit as lead sponsor

MillenniumIT, together with London Stock Exchange Group (LSEG) Business Services Sri Lanka, has partnered with the LBR LBO Infrastructure Summit 2016 to be held on 20th and 21st of September. 

MullenLowe duo’s mastery of digital medium lauded at Young Spikes

Chevin Mandawala and Sagar Hiranand of MullenLowe Sri Lanka outshone their peers in the digital category at the Sri Lankan leg of Young Spikes 2016, recently. 

Bogawantalawa unveils new retail outlet

Bogawantalawa Tea Estates PLC, producer of some of the world’s finest teas, unveiled its new flagship store at the Transit Lounge, Bandaranaike International  Airport recently. 

Multilac consumers celebrate colours with Sri Lanka’s largest colour card

A house isn’t a home until you’ve painted it, and when you begin to live in it, that’s when it’s a work of art. With the launch of Sri Lanka’s biggest and most vibrant colour card, Multilac helps you create the atmosphere, set the tone, define your moods, show your personality and, above all, induce happiness to your lifestyle. 

RPCs should consider mergers, ownership transfers: Navin

Sri Lanka’s Regional Plantation Companies (RPCs) should evaluate the possibilities of mergers or 

Dollar lending outside U.S. falls for first time since 2009

REUTERS: Global lending remained weak in 2016’s first quarter, with dollar-denominated bank loans 

Motor vehicle registrations rebound in August

Despite the drop in numbers from a year ago where the registrations reached an all-time low, vehicle 

G-Sec market transparency further improves

Improving the transparency of the government securities market, the commercial banks have joined 

CIMA President Andrew Miskin in town

As part of an official visit to CIMA’s global markets, CIMA President Andrew Miskin will be in Sri 

Confectioners fear losing competitiveness as manufacturing costs escalate

Sri Lanka’s confectionery manufacturers fear the risk of waning competitiveness of their exports as 

Central Bank releases new publications

The sixth edition of ‘A Step by Step Guide to Doing Business in Sri Lanka’ has been now published by the Central Bank of Sri Lanka (CBSL).  

CA Sri Lanka confers ACA designation to 318 new Chartered Accountants at convocation

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently conferred the 

CIM SL hosts third Talking Point Programme on digital marketing

The Chartered institute of Marketing Sri Lanka (CIM SL) recently hosted its third Talking Point 

Ceylinco Life’s ‘Family Savari 10’ announces England as Grand Prize

An all-expenses-paid holiday in England will become a reality for five policyholders of Ceylinco Life 

DFCC Bank partners WEDF; launches special benefits for exporters

DFCC Bank PLC has tied up with the Export Development Board (EDB) as the exclusive banking 

China-Malaysia joint production ‘Crazy Gems’ to be filmed in Sri Lanka

The opening ceremony for the production of the joint movie by two movie giants in China and 

Bajaj Electricals launches world’s leading appliances, fans and lighting products in Sri Lanka

Bajaj Electricals Ltd, India’s leading consumer durable and lighting company launched a range of futuristic products in Sri Lanka.

Hameedia rewards customers with chance to enjoy T20 cricket match

Hameedia, Sri Lanka’s leading menswear specialist,took their relationship with their trusted 

Sonit Cabs receives ISO 9001:2008 certification

Sonit Cabs, a leading cab service provider in Sri Lanka, recently received ISO 9001:2008 certification confirming that Sonit Cabs’ processes and procedures conform to the strict requirements of quality management systems. 

First-ever book on BPO published in Sinhalese

Business process outsourcing (BPO) is an important industry for Sri Lanka, where we get 

National Chamber-NEDA to recognize Western Province entrepreneurs

The National Chamber of Commerce of Sri Lanka (NCCSL) in partnership with the National Enterprise 

Sunshine Holdings taps into MTI’s HRM advisory

Recognized as one of Sri Lanka’s fast-growing and most respected business groups, Sunshine 

GDP grows 2.6% in 2Q amid flood impact

Sri Lanka’s Gross Domestic Product (GDP) grew 2.6 percent from a year earlier in the second quarter of this year, decelerating from 5.5 percent reported in the first quarter, as the heavy floods during the