Hayleys subsidiary doubles container handling capacity

Logistics International, the inland container depot of Hayleys group subsidiary, Hayleys Advantis, 

Rupee ends weaker on importer dollar demand; stocks rise

Reuters - The Sri Lankan rupee ended marginally weaker yesterday as importer dollar demand 

Sri Lanka to allow only ‘Type G’ square pin plugs and sockets

The national standard for plug and socket outlets in Sri Lanka has come into force effective from this 

Canadian-Pakistani expert to head MTI’s Investment Advisory

MTI Consulting, as part of an initiative to scale up its corporate finance and investment advisory 

Kantar ranks top 10 FMCG brands in Sri Lanka based on LMRB Household Panel

The latest Brand Footprint study conducted by Kantar World panel ranked the Top 10 FMCG Brands 

Browns reaches out to customers with improved, convenient service centers

In response to the growing market demand and in an attempt towards facilitating convenience for 

Omegaa Johkasou Engineering clinches Gold at INCO 2016

Omegaa Johkasou Engineering Lanka (Pvt) Ltd, bagged the Gold award at INCO 2016.   

Triple Offers for triple the fun from Pizza Hut

Three new exciting promotions from Pizza Hut, three new reasons to bring people together! Pizza Hut 

Laugfs Supermarket chain expands to Enderamulla

Laugfs Supermarkets announced the opening of the latest addition to its chain of supermarkets with a 

JAT awarded Green Labels in recognition of earth-friendly sustainable initiatives

JAT Holdings, Sri Lanka’s pioneer furnishing and finishing company was recently awarded two Green Labels by the prestigious Chartered Institute of Buildings (CIOB). 

Energy regulator not worried over rising world coal prices

The Sri Lankan energy regulator is currently not worried over the world coal prices, which have 

Nanda Fernando takes over as Sampath Bank MD

Sampath Bank, ranked among the top-tier private banks in the country, recently announced the appointment of Nanda Fernando as its new Managing Director. 

Sri Lanka to get GSP Plus with dawn of 2017: Gamage

Sri Lanka will be able to regain the GSP Plus status from the European Union (EU) by February next year, according to Primary Industries Minister Daya Gamage. 

Whither anti-dumping laws?

A powerful businessman, who controls a well-diversified conglomerate, is believed to be behind delaying the much-needed anti-dumping regulations, an absolute necessity to protect the local industries against the cheaper import substitutes, specially in light of the forthcoming trade pacts, Mirror Business learns.

UB Finance says all depositor obligations addressed

The top management of Union Bank of Colombo PLC (UBC) said its subsidiary UB Finance Company Limited has fulfilled all the obligations it has towards the depositors of the former Ceylinco group company, Finance & Guarantee Company Limited (F&G).

UDA to take over Cargo Boat properties for multi-storeyed car park

The Urban Development Authority (UDA) has taken action to acquire the properties owned by Cargo Boat Development Company PLC (CABO) in Fort to develop a multi-storeyed car park. CABO in a stock exchange filing last week said that it had received a letter from the Megapolis and Western Development Ministry informing the decision.

HC allows Capital Maharaja’s appeal against Keangnam

The Civil Appellate High Court of Colombo in a landmark judgment held that the arbitration clause in an agreement is not a bar for the District Court to hear and determine the case wherein there is a novation (substitution of a new contract for an old one) of contract.

Budget deficit in first half narrows

Sri Lanka’s budget deficit for the first half of 2016 improved to Rs.328.29 billion from a Rs.401.67 billion deficit year-on-year (YoY), according to the provisional figures released by the Finance Ministry.  The current deficit was Rs.93.70 billion compared to a Rs.163.69 billion deficit YoY. 

Five new sugar factories to produce 50% of demand by 2022

Primary Industries Minister and former Sevanagala Sugar Industries owner Daya Gamage recently said that five new sugar factories would be set up in Sri Lanka within the next few years. 

Diamond International – Top priority for security seals, labels

Diamond International Lanka (Pvt.) Ltd, a leading specialist in supplying a diverse range of security seals, tamper – free and tamper – evident security seals and materials, has expanded its product selection to include a variety of foil sealants as well. 

Prime Group, Most Respected Real Estate Company

Adding yet another feather to its cap, Prime Group has ranked as the top real estate organisation in the prestigious ‘Most Respected Entities in Sri Lanka 2016’ commissioned by the island’s premier business publication Lanka Monthly Digest (LMD) and conducted by Nielsen. 

Nine leading companies on board as CA Sri Lanka training partners

Nine leading companies came onboard recently as training partners of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) representing diverse sectors and boosting the training partner portfolio of the institute, which currently comprises of over 700 organisations from the public and private sectors. 

AVIC adds glitter to Facets Sri Lanka 2016 sponsoring it in the 26th year

AVIC International Hotels Lanka Limited, a subsidiary of Chinese mega incorporation Aviation Industry Corporation of China (AVIC), the developers of super-luxury condominium project Astoria that aims to set a new standard in the luxury living style of Colombo, has added more glitter with its sponsorship extended to the international gem and jewellery exhibition ‘Facets Sri Lanka 2016’.

Tapasya Industries lights six-foot-tall incense sticks for Nallur Festival 2016

Burning incense sticks is an effective way to beat stress, encourage balance and breathe new life into old routines. In the hustle and bustle of modern society, it can be challenging to make time for ourselves and escape from the busy pace of everyday life. Burning incense is a pleasant sensory experience that people have valued from time immemorial and the practice is being revived more and more as people realize how important it is to attend to

NIBM charts strategic direction with MTI

The National Institute of Business Management (NIBM) has selected MTI Consulting to develop a Ground Zero-based six-year corporate plan for the period 2016-2021 to strategize the institute’s future direction. 

V & Eye Opticians honoured with Silver at Women Entrepreneur 2015

V & Eye Opticians Chairperson Malarvili Anton received the Silver award - Medium category at Women Entrepreneur 2015 held under the patronage of President Maithripala Sirisena at Cinnamon Grand. 

Achilleion – World’s tallest show apartment now open till midnight

The show apartment of Blue Mountain Apartments’ latest real estate development, Achilleion had an overwhelming response ever since it was opened for presales. The first-ever seven-star luxury apartment building in Sri Lanka is set to make a lasting mark on Colombo’s skyline and will feature all-new levels of luxury and innovation.

Fadna introduces ‘GinCo’ tea bags

Ginger and coriander are now introduced to the market under the brand name of Fadna in the form of tea bags. Named Fadna GinCo (ginger, coriander) tea, it is ideal for tea time, refreshingly warms the body and revives from tiredness. 

ZMAX Fairway brings smart luxury to Colombo

Nestled in the heart of Colombo Fort, the brand-new ZMAX Fairway Colombo hotel lies between the old-world charm of the Fort’s colonial past and the vibrant modern business and entertainment hub that surrounds it.  

Anchor sparks first-ever ‘Go For Greatness’ movement

Tens of thousands of people turned out at Galle Face Green in Colombo recently to experience Sri Lanka’s first-ever ‘Go For Greatness’ movement. The movement was launched by Anchor to inspire Sri Lankans to achieve their dreams and included inspirational Sri Lankan celebrities, colourful stalls showcasing significant Sri Lankan achievements, a Food Zone serving up delicious dishes made by local chefs and displays of the latest t