Bogawantalawa gets new CEO; Molligoda to continue as Executive Director

Project management expert Nilan Walgama will be taking over as the CEO of Bogawantalawa Tea 

Rupee edges down; state bank dollar sales cap fall

REUTERS: The Sri Lankan rupee ended slightly weaker yesterday as importer dollar demand 

SriLankan bans using of Samsung Galaxy Note7 onboard

SriLankan Airlines has completely banned the use or charging of Samsung’s latest Galaxy Note7 smartphone on board all its flights with immediate effect until further notice, following Samsung 

Shares post over 6-wk closing low on VAT hike concern

REUTERS: Sri Lankan shares posted their lowest closing level in more than six weeks yesterday, as 

NTB to raise up to Rs.5bn to support Tier 2 capital

Nations Trust Bank PLC (NTB), the banking arm of John Keells group is to raise up to Rs.5 billion through a listed debenture issue.

PMI increases at healthy rate; both manufacturing and services up

Sri Lanka Purchasing Managers’ Index (PMI) increased at a healthy rate in August, with data pointing towards potential to handle increased levels of activity over the coming months, according to the 

Eagle Logistics regulatory awareness forum

Supply chain management company Eagle Logistics Colombo is facilitating another forum with 

Odel opens ‘Luv SL’ store in Pinnawala

Odel has opened its eighth ‘Luv SL’ store in the precincts of the Pinnawala Elephant Orphanage, providing visitors with an eclectic assortment of products from its innovative store chain. 

Creation Master Builders introduces ‘Vetedy’ outdoor decking, wall cladding to local market

Vetedy, a renowned brand which masters in outdoor decking and wall cladding made in Luxembourg, 

Raniyo conducts workshop for architects and contractors on Raven door seals

Raniyo Pvt. Ltd., conducted a seminar/workshop recently at Grand Monarch, Thalawathugoda for 

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 

Abans launches world’s first LG twin washing machine

Abans, the sole agent in Sri Lanka for LG Home Appliances, recently launched the world’s first LG 

COYLE-Sampath Bank Chairman’s Forum to showcase exciting panelists

The Chamber of Young Lankan Entrepreneurs (COYLE) will be hosting its fourth consecutive Chairman’s Forum on September 29. 

Bogawantalawa unveils latest retail outlet

Bogawantalawa Tea Estates PLC, producer of some of the world’s finest teas, unveiled its new 

‘TEDxColombo 2016’ delegates visit Hirdaramani green facility in Agalawatta

Sponsored by Hirdaramani for the third consecutive year, TEDxColombo 2016 concluded on a remarkable note with over 900 participants attending the event and a vast number connecting to the 

Access sets benchmark in vertical transportation

Access Industrial Systems (Pvt.) Ltd, a subsidiary of the Access group, is on the brink of 

WiLAT Sri Lanka walk striking balance for greener tomorrow

Women in Logistics and Transport (WiLAT), the women’s forum of the Chartered Institute of Logistics 

CIC promotes team work, comradery with ‘T-shirt Day’

CIC Holdings PLC (CIC), a leadingblue chip company in Sri Lanka, recentlygifted T-shirts to all CIC staff 

Shares edge down on VAT hike concern

REUTERS: Sri Lankan shares closed marginally lower yesterday, posting their lowest closing level in nearly six weeks, as a government proposal to raise the value-added tax (VAT) hurt market 

Govt. turns deaf ear to pleas of asbestos roofing sheet makers

??By Shabiya Ali Ahlam The roofing sheets industry leaders continue to be in a distressed state as the 

Sri Lanka aims for budget deficit of 4.7% of GDP next year: FinMin

REUTERREUTERS: Sri Lanka will cut its budget deficit to 4.7 percent of gross domestic product (GDP) in 2017 from 5.4 percent this year, 

BLUE board suspends Chinese Deputy Chairman/MD

The executive functions of Deputy Chairman and Joint Managing Director of Blue Diamonds Jewellery Worldwide PLC, Xia Liqang, a Chinese national, have been suspended with immediate 

Malaysian parent looking to trim ownership in Dialog Axiata: report

Axiata Group Bhd., Malaysia’s biggest mobile-phone operator, is seeking to trim stakes in some of 

IASL appoints new office bearers at 25th AGM

The Industrial Association of Sri Lanka (IASL) recently announced the appointment of their office bearers for the year 2016/2017at its 25th Annual General Meeting held at the JAIC Residencies. Dinesh Dharmadasa, Legal and External Affairs Director, Ceylon Tobacco Company PLC was elected as the Chairman of the Association for the ensuing year while.Rimoe Saldin, PolypakSecco (Pvt) Ltd was elected as the Senior Vice Chairman and Dushantha Ranaraja,

Japan-SL Investment Road Map working group meets

The working group meeting for the formulation of the Japan-Sri Lanka Investment Road Map was held at the Development Strategies and International Trade Ministry recently. The Japanese delegation, which was headed by Japanese Ambassador Kenichi Suganuma, met Development Strategies and International Trade Minister Malik Samarawickrama and the ministry officials.

SLT powers Peradeniya campus with top “Carrier-Grade Wi-Fi Hotspot”

Sri Lanka Telecom, the national ICT solutions provider in the country launched its latest carrier-grade Wi-Fi hotspot at the University of Peradeniya. 

Rupee ends lower on importer dollar demand

The Sri Lankan rupee ended 0.2 percent weaker yesterday as importer dollar demand surpassed exporter sales of the U.S. currency, dealers said.

All-time record price for Kenilworth tea

Kenilworth Estate situated in Ginigathhena has achieved an all-time record price at the weekly tea auction on September 14, 2016 by securing an attractive price of Rs.940 per kilogramme for a BOP grade in the western medium grown category.

SL’s 2016 fiscal deficit goal challenging despite 1H success: economists

Sri Lanka fiscal deficit goal for 2016 would still be challenging despite a better-than-expected 

Kotagala Plantations to raise Rs.800mn via rights issue; announces share split

Lankem Group’s Kotagala Plantations PLC yesterday announced plans to raise Rs.800 million though a rights issue and go for a share subdivision upon the completion of the proposed rights issue,