Kalpitiya Beach Resort construction to begin soon: official

The civil construction contract for Citrus Leisure’s Kalpitiya Beach Resort PLC (CITK) property, which 

Fitch assigns ‘AA-(lka)’ to People’s Leasing’s Rs.8bn debenture

Fitch Ratings yesterday assigned People’s Leasing & Finance PLC’s (PLC, AA-(lka)/Stable) proposed senior debenture issue of up to Rs.8 billion an expected national long-term rating of ‘AA-

Rupee ends firmer on dollar selling by banks, exporters

REUTERS: The Sri Lankan rupee ended slightly firmer yesterday as banks sold dollars on behalf of foreign investors and as exporters sold the greenback amid a lack of demand from importers for the 

Kalamazoo Systems announces share split

Kalamazoo Systems PLC, which announced a Rs.1.5 billion rights issue this week, yesterday said it was planning to go for a share split subject to shareholder approval.

SLCSMI opens applications for Industrial Excellence Awards

The Sri Lanka Chamber of Small and Medium Industries (SLCSMI) will hold its flagship event “Industrial Excellence Awards 2016” this year, which fetes SME’s (Small and Medium Enterprises) for their achievements and contribution to Sri Lanka’s economic prosperity.

Wood, glass, sanitaryware expo begins tomorrow

Showcraft Group Sri Lanka along with Futurex Group  will be holding its  5th Sri Lanka Windows, Glass, Roofing, Façade , Tiles & Sanitary ware International Expo 2016 from 9th to 11th at the BMICH along with 4th SRI LANKA WOOD International Expo 2016 which is also happening at the same time.  

Silueta becomes first Lankan apparel company to get ISO 9001:2015 certification

Silueta (Pvt) Limited, a subsidiary of MAS Holdings, was awarded the ISO 9001:2015 certification, for the first time in the history of the Apparel Industry in Sri Lanka. The certification was awarded in recognition of the company’s commitment to ensuring the highest quality in its products. 

Police and corporate sector to discuss law enforcement matters at CCC

The Ceylon Chamber of Commerce, the National Police Commission and the Sri Lanka Police will hold a seminar with the participation of the corporate sector representatives to discuss ‘Law Enforcement Matters’ in the country.

Overwhelming shareholder nod for Distilleries-Melstacorp share swap

The special resolution proposed by the directors of Distilleries Company of Sri Lanka PLC (DCSL) to 

Sri Lanka and Tasmania set to deepen ties

Sri Lanka and the Australian state of Tasmania are set to deepen government, business and sporting ties with a Tasmanian trade delegation visiting Colombo this week.

Nation Lanka looks to divesting assets to meet capital adequacy

Nation Lanka Finance PLC (CSF) is currently evaluating the possibility of divesting some of its holdings 

FinMin wants state to intervene in creating competitive market

Finance Minister Ravi Karunanayake said that the government has taken speedy action to drive the 

August tourist arrivals up 12%; eight months arrivals top 1.36mn

Tourist arrivals to Sri Lanka were up by 11.8 percent to 186, 288 in August from a year ago with 

Dominos introduces all new menu

The perennial image of the round pizza in triangles in a square box at Domino’s Sri Lanka is tasting 

Browns Agriculture empowers Sri Lankan farmers

A ceremony was held at the Mahaweli Buddhi Mandapaya in Embilipitiya recently organised by the Sri Lanka Mahaweli Authorityand under the patronage of President Maithripala Sirisena, to award 

Lanley Paint Centre celebrates 50th anniversary

Lanley Paint Centre celebrated a momentous milestone with its 50th anniversary this July. The business, which has stayed in the Latiff family for two generations, is aprimary agent for Dulux paints 

Ceylon Chamber conducts Sri Lanka–China Business Forum and B2B sessions

A Sri Lanka–China Business Forum was held early this week in Colombo with the participation of 28 Chinese businessmen, who also took part in B2B meetings with the Sri Lankan counterparts.

Medieval grandeur to the fore in ODEL’s Fall 2016 collection

Fashion trailblazer ODEL has brought the medieval into the 21st century as it celebrates the Fall 

Singapore’s labour shortage seen as key challenge for economy

Singapore’s labour shortage is probably the biggest challenge for growth, and the restructuring of the 

MAPS International enters domestic water pumps market

MAPS International Pvt Ltd that has been dealing in vehicle tyres, tyre rebuilding and tyre inner-flaps, building materials and electrical appliances commenced distributing domestic water pumps. A range 

Laugfs International showcases Yamaha & Airman at Kedella

Laugfs International Pvt Ltd recently took part in Kedella 2016, as the ideal partner for energy needs 

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.