Sri Lanka to issue new licences to import lubricant, bitumen

Through the country’s Petroleum Resources Development Ministry, Sri Lanka has decided to issue more licences to parties interested in importing lubricants, despite the existing players are grumbling 

Ceylon Chamber lines up top trade experts to speak on FTAs

The Ceylon Chamber of Commerce (CCC) will conduct a seminar titled ‘Free Trade Agreements: 

Regnis among Forbes Asia’s ‘200 Best Under a Billion’ list

Regnis (Lanka) PLC, part of the Singer group and Sri Lanka’s leading manufacturer of refrigerators and washing machines, achieved the distinction of making it to the Forbes Asia’s ‘200 Best Under a Billion 2016’ list. 

Paddy Weerasekera appointed as George Steuarts Consumer Sector CEO

In an effort to strengthen the group’s dynamic expansion and consolidation programme with the industry’s outstanding young professionals joining the top management, George Steuart and Company Limited, one of the fastest expanding conglomerates in Sri Lanka, recently announced the appointment of Paddy Weerasekera as Chief Executive Officer (CEO) of the groups’ Consumer Sector.

Nestlé wins ‘Best Multinational Company Engaged in Exports’ for 2014 and 2015

Nestlé continued its winning streak at the prestigious Presidential Export Awards this month, bagging two special awards for ‘Best Multinational Company (MNC) engaged in Exports’ for both 2014 and 2015.

Ravi leaves for SAARC FinMin Summit in Pakistan

Finance Minister Ravi Karunanayake will leave for Pakistan today to participate in the eighth South Asian Association for Regional Cooperation (SAARC) Finance Ministers Summit to be held in Islamabad on August 26.

Fitch assigns Siyapatha’s senior unsecured debt final ‘A-(lka)’

Fitch Ratings has assigned Siyapatha Finance PLC’s (Siyapatha; A-(lka)/Negative) senior unsecured redeemable debentures of up to Rs.2.5 billion a national long-term rating of ‘A-(lka)’. The final rating is the same as the expected rating assigned on March 11, 2016 and follows the receipt of documents conforming to information already received.

Planters Assn.warns tea industry heading for ‘grinding halt’

The Planter’s Association of Sri Lanka, which represents the regional plantation companies (RPCs), 

Local cable manufacturer bets high on local projects, foreign prospects

Strong growth prospects of cable and piping industry leader Sierra Cables PLC (SIRA) both in Sri Lanka and abroad, coupled with good management practices, have led to SC Securities 

Agalawatte Plantations June quarter net loss widens to Rs.166mn 

Agalawatte Plantations PLC (APL), on which a battle is currently being waged over ownership, saw its net loss widening to Rs.165.8 million for the quarter ended June 30, 2016 (2Q16) from a net loss 

Rupee ends steady; importer dollar demand weighs on market

REUTERS: The Sri Lankan rupee ended steady for a seventh straight session yesterday, with 

Foreign debt rose US $3.5bn on rupee depreciation: FinMin

REUTERS: A 10 percent fall in the rupee since Sri Lanka’s government took office in January last 

World Bank head cautions against new coal power plants

Climate Home: The planet is in a race against time to stop construction of new coal-fired power plants across the globe, Word Bank head Jim Yong Kim told   

Sri Lanka electricity generation up 8.6 pct first half 2016

Economynext: Sri Lanka’s power generation rose 8.6 percent from a year earlier to 6,923 GigaWatt 

Global logistics leader BDP International marks 50th anniversary

BDP International, a leading privately held global logistics and transportation services company 

Photo Technica launches Nikon School for Sri Lanka

To impart and inculcate trained knowledge and professional growth on finer points of art, Photo Technica, the only authorized distributors for Nikon Cameras introduces Nikon School to Sri Lanka. 

International sustainability expert joins Carbon Consulting Company

With 16 years of international experience in environmentalriskassessment, auditing and consulting, Nik brings with him a wealth of knowledge and global expertise to the consulting team at CCC.

Browns Beach in Rs.1.4bn cash call to retire debt, meet costs

Browns Beach Hotels PLC, a hotel owning firm controlled by Harry Jayawardena’s Aitken Spence and 

NCASL, ACTA organize symposium on ‘sustainable construction’

A thought provoking symposium on Sustainable Construction was recently facilitated at the National 

Establish level playing field for Lankans prior to trade liberalisation: COYLE

The Chamber of Young Lankan Entrepreneurs (COYLE) yesterday issued a statement on trade 

Laugfs International presents Yamaha & Airman power products at Construct Expo

Laugfs International Pvt Ltd, a subsidiary of Laugfs Holdings, recently took part in Construct Expo 2016, showcasing a range of high quality generators under the global brand names of Yamaha and 

Amunugama leads study tour of Chinese-built industrial parks

Special Assignments Minister Dr. Sarath Amunugama left for China and Thailand on August 22, leading an official delegation on a study tour of Chinese-built industrial parks. 

Agalawatte Plantations June quarter net loss widens to Rs.166mn

Agalawatte Plantations PLC (APL), on which a battle is currently being waged on ownership, saw its 

Sri Lankan products promoted in Rio Grande Sul-Brazil 

In order to expand Sri Lanka’s commercial relations with the State of Rio Grande Sul, the fourth largest regional Economy of Brazil whose GDP is estimated to be over US$ 150 billion, the Sri 

International Expo-2016 begins on September 9th

Showcraft International, Sri Lanka along with Futurex Group, India, the leading trade fair organizer in India, Nepal and Bangaldesh is coming up with 5th Sri Lanka Windows, Glass, Roofing, Façade, 

Sri Lanka–Italy Business Council holds 17th Annual General Meeting

The Sri Lanka – Italy Business Council of the Ceylon Chamber of Commerce held its 17th Annual 

Make TV simple again with LG WebOS from Abans

Sitting for hours clicking the remote waiting for something interesting to come on TV is a thing of the past. Now with endowed world class technology of LG you simply have to sit back and relax and let 

National inflation slows to 5.8% in July over VAT suspension

Sri Lanka’s national headline inflation, which captures the price movements across all provinces, 

Rupee ends steady for sixth day

REUTERS: The Sri Lankan rupee ended steady for a sixth straight session yesterday as dollar sales by foreigners who bought government securities were offset by demand for the U.S. currency from

CIMA Business Leaders Summit 2016 kicks off today

CIMA’s flagship event, Business Leaders Summit 2016, on the theme ‘Joining the dots’, will kick off