Cooroondoowatte tea factory breaks own record

Cooroondoowatte mark established an all time record price of Rs. 700 for a line of PEK1 grade at the 

Tharanganee Garments bags ‘Best Emerging Exporter’ Award

The 20th Presidential Export Awards Ceremony organized by the Sri Lanka Export Development Board (EDB) was held under the patronage of President Maithripala Sirisena on August 9 at the 

SL signs three WB loan deals for US $ 187mn

Sri Lanka yesterday signed three agreements to obtain credit amounting to US $ 187 million from the World Bank Group to carry out economic reforms, tackle climate-related risks and protect the country’s ecosystems. 

Central Bank looks to facilitate trade with Iran through Italy

The Sri Lankan tea exporters with customers in Iran are able to utilize a payment channel open through a commercial bank in Italy, Central Bank of Sri Lanka (CBSL) Governor Dr. Indrajit Coomaraswamy said recently.

Pathirage says delisting Odel is an option

Diversified conglomerate, Softlogic Holdings PLC, may delist its leading fashion and lifestyle subsidiary Odel PLC from the Colombo Stock Exchange (CSE), as the deadline for coming in line with the market regulator’s minimum public shareholding rule looms.

Mobitel announces voluntary offer to acquire E-Channelling

Mobitel (Private) Limited, the mobile arm of Sri Lanka Telecom PLC, yesterday announced its entry to the country’s online doctor channelling business with a voluntary offer to acquire all the shares of E-Channelling PLC, the pioneer in the local market.   

Rise in fuel bill in June brings fresh concerns to fragile external front

After many months of slowdown, Sri Lanka’s fuel bill now appears to have reversed its course as June has seen an increase in the bill in spite of the global crude prices still remaining extremely low, the Central Bank data showed.  

Cold Stores says using stevia plant to cut sugar in soft drinks

Ceylon Cold Stores PLC (CCS), a subsidiary of the country’s largest conglomerate John Keells Holdings PLC, has begun to use a plant-based sweetener instead of sugar in some of its major soft drink products.

Kalamazoo Systems announces Rs.1.5bn rights issue

Kalamazoo Systems PLC yesterday said it was planning to raise Rs.1.56 billion through a rights issue, subject to shareholder and the Colombo Stock Exchange approval. 

Ceylon Chamber organises seminar on new Customs Law, Customs Ordinance change

The Import Section of the Ceylon Chamber of Commerce is organising a seminar to discuss the proposed new Customs Law and the change in the current Customs Ordinance.

HSBC Premier Golf Tournament in Nuwara Eliya

The annual HSBC Premier Golf Tournament will Tee off at the picturesque Nuwara Eliya Golf Club on 9 and 10 September. 

DHL Express Sri Lanka wins Stevie Awards for service excellence

DHL Express, the world’s leading international express services provider, has announced that its Sri Lanka customer service team has triumphed in the Stevie Award 2016 competition, underthe Customer Service Category. 

GAAM to discuss investment opportunities from Megapolis plan

Guardian Acuity Asset Management (GAAM), a unit trust management firm licensed by the Securities and Exchange Commission of Sri Lanka, will conduct a stimulating discussion on September 14 on ‘Investment Opportunities from the Proposed Megapolis Development Plan’ at Oak Room, Cinnamon Grand. 

Fitch affirms LB Finance’s national long-term rating at ‘A-(lka)’; outlook stable

Fitch Ratings Lanka Ltd has affirmed LB Finance PLC’s long-term rating of ‘A-(lka)’? outlook stable during their annual ratings review of NBFI’s on August 2, 2016.  

Aitken Spence Travels welcomes group series of doctors for 5th consecutive year

Aitken Spence Travels, the leading destination management company in Sri Lanka is handling a group series of doctors from the Middle East for the 5th consecutive year. 

CCC’s ‘sustainability competition 2016’ sees a surge in demand

As the Ceylon Chamber of Commerce (CCC) is calling applications to recognize and reward the ‘Best Corporate Citizen Sustainability champions of the year 2016’, its previous year’s winner Sampath Bank says the victory is placed among the bank’s most prestigious and respected achievements.

Medical appointments at Durdans Heart Centre now via Doc990

Colombo’s premier cardiac care service provider, Durdans Heart Centre, has joined the Doc 990 digital health portal enabling patients to make medical appointments with absolute ease via their mobile phones. 

Measures to be taken to further promote gem industry globally: FinMin

Measures will be taken to further promote the gem industry in the international market thereby earning more foreign exchange to the country, Finance Minister Ravi Karunanayake said. The minister pointed out that the government will take action to find a global market for the rare varieties of gems of Sri Lanka.

Govt. likely to bring in new laws to regulate e-commerce business

Sri Lankan government, largely influenced by legacy businesses, is likely to bring in new legislation 

Tourist arrivals to Maldives up 6%’; Chinese visitors down 12%

The Maldives recorded a tourist arrivals growth of 5.7 percent year-on-year (YoY) for July 2016, increasing to 110,432 tourists, despite setbacks in the Chinese economy.

Siyapatha Finance Rs.2.5bn debenture opens this Thursday

Sampath Bank PLC’s fully owned subsidiary and the licensed finance company, Siyapatha Finance 

Change for the better, stress capital market heads

The capital market operator, the Colombo Stock Exchange (CSE) has stressed that it is imperative for all stakeholders to gear up and embrace change if Sri Lanka is to keep up with global trends and 

IASL calls on govt. to introduce FDI monitoring mechanism to protect local industries

A leading trade association in the country recently called on the government to introduce 

SLANA says THC abolition compelling ship operators to opt for regional ports

The Sri Lanka Association of NVOCC Agents (SLANA), which was formed to advance and protect the interests of Non Vessel Owning Container Carriers (NVOCC’s) pointed out that the decision to 

UTE scoops regional CAT Lift Truck Awards

United Tractor & Equipment (Pvt.) Limited (UTE), recognised as an industry pioneer in providing material handling solutionsand as the soleauthorized dealer in Sri Lanka for Cat Lift Trucks,was 

‘Lamy’ to be launched in Sri Lanka next month

A status symbol, a reflection of one’s personality and our best possible defense in the digital age, the 

JAT Holdings clinches two awards at CNCI Awards

JAT Holdings, the pioneer of the timber coatings industry in Sri Lanka, Bangladesh and the Maldives and Sri Lanka’s leader in the furnishing and finishing industry in Sri Lanka, boasting an impressive 

Ishana Exports excels at Presidential Export Awards

Ishana Exports Pvt Ltd that broke the monopoly prevailed in the spice export market back in 1981 

Go Outdoors appoints authorized dealer network

Go Outdoors has appointed a dealer network to enhance market presence in their effort to 

Suren Cooke Agencies creates history

The first of its kind both locally and internationally, SkySpray 1000 is the latest addition to the Suren Cooke Agencies arsenal for pest eradication. Using the latest drone technology, SkySpray 1000