MAS Holdings-Flex partner to drive innovation in wearable technology for clothing

MAS Holdings partners with Flextronics International Ltd, a leading Sketch-to-Scale solutions company that designs and builds intelligent products for a connected world.

Construction Expo to kick off on July 29

The Ceylon Institute of Builders (CIOB) together with presidential award winner Lanka Exhibitions & Conference Services will be organising the fifth Construction Expo Mega Mart from July 29 to 31, 2016 at the BMICH. 

Foreign Minister explains govt.’s 3-pillar strategy at COYLE meeting

In his opening statement at the General Meeting held at Hilton Colombo Residencies, Chamber of Young Lankan Entrepreneurs (COYLE) Chairman Kasun Rajapaksa applauded the Foreign Minister on his contribution in improving relationships with the West while inquiring about the impact of Brexit on the Sri Lankan economy and particularly the business sector.

Kelani Cables employees conferred with Annual CEO’s Award for Sales Excellence

Kelani Cables PLC, Sri Lanka’s number one brand in secure electrical and communication cables, honoured its outstanding sales persons with the CEO’s Award. 

Latest IPS study calls for new definition for urbanization in Sri Lanka

The existing urban population estimate in Sri Lanka fails to reflect the true level of urbanization due to the inappropriate definition that has been adopted. A new Working Paper launched by the Institute of Policy Studies of Sri Lanka (IPS) develops an alternative definition for urban areas in the country, to reconcile the mismatch between actual and existing estimates. To this end, the study reviews definitions adopted in other countries and an

KasiWasi coupons, discounts app launched for tech-savvy shoppers

KasiWasi, the country’s newest and most technologically innovative and efficient mobile app for shoppers, recently launched its services to offer consumers the convenience of obtaining coupons and discounts via their mobile phone, for a variety of categories including shopping, dining, entertainment and a countless number of other services. 

Gemfields announces next phase of development in Sri Lanka

Following an announcement in 2014 on the intention to progress opportunities in the Sri Lankan sapphire and gemstone sector, Gemfields PLC, the world’s leading supplier of responsibly sourced coloured gemstones, announced the next steps in this regard.

Ceylon Cold Stores 1Q net up 56% amid higher consumer demand

The John Keells Holdings subsidiary, Ceylon Cold Stores PLC group, Sri Lanka’s oldest manufacturer of carbonated soft drinks, increased its net profits by 56 percent to Rs.855.3 million for the quarter ended June 30, 2016 (1Q17), the interim financial accounts showed. This translates into earnings per share of Rs.9.00, up from Rs.5.79 a year ago.  

Bairaha Farms June quarter net down 18%

Sri Lanka’s poultry sector player and meat producer, Bairaha Farms PLC group saw its net profits for the quarter ended June 30, 2016 (1Q17) declining by 18 percent to Rs.118.9 million from a year, amid revenue remaining almost flat. 

Chris Nonis tells SEC not to interfere with Mackwoods internal matters

In a rather brazen move, Mackwoods Plantations Chairman Dr. Chris Nonis has written to the country’s capital market regulator, Securities and Exchange Commission (SEC), urging them not to interfere with the internal matters of Mackwoods Plantations Pvt Ltd.

Top professional calls for strong PPP unit to lure in investments

Chartered Engineer Malith Mendis has called for the establishment of a strong public private partnership (PPP) unit to encourage investment into Sri Lanka.  He said the country requires to change its mind-set to look at investment driven development, as 2016 looks to have a historically low foreign direct investment into Sri Lanka. 

Economist bets on another round of policy rate hike

Still higher private sector credit growth and the rising inflation will put pressure on the Monetary Board to increase the policy rates and it is only a matter of time the new Central Bank Governor settles in before the next policy tightening takes place, an economist said. 

MSLGROUP defines six communication drivers of F&B industry

Based on the need for a transformative communications model in the modern food and beverageindustry, MSLGROUP has unveiled Six Communication Drivers for Winning Share of Mouth 

Swedish trade delegation adds to growing momentum ahead WEDF 2016

Strengthening the gathering momentum ahead of the World Export Development Forum (WEDF) 2016, to be held in Colombo on October 12 and 13, a trade delegation representing Sweden has 

World’s top door manufacturer appoints Alpha Industries as agent

Alpha Industries, one of the leading furniture manufacturers in Sri Lanka, has been appointed as the authorized agent in Sri Lanka for global door manufacturer KENT International China.   

Access Engineering begins Southern Expressway pilling work from Wetiya to Andarawewa

The construction of the Southern Expressway Extension Project was inaugurated recently under 

AIPL takes new strides with ISO accreditation, new website

Analytical Instruments (Pvt) Ltd, a pioneering in-vitro diagnostic, Medical, Scientific and Agriculture equipment supplier in the country recently updated its ISO Quality Management System and has 

CTA to spearhead Ceylon Cinnamon to meet int’l quality hygiene standards

Sri Lanka has been the world’s leading supplier of true cinnamon (Ceylon Cinnamon) for years, since 1970s its share in world trade declined. Sri Lanka presently contributes about 80-90 percent of global 

Top-notch global firms and public sector to share insights at Sri Lanka Economic Summit

Successful leaders of acclaimed global firms, such as the ones from, Google, McKinsy & Company, 

MAS Holdings and Flex Partner to drive innovation in wearable technology for clothing

MAS Holdings partners with Flextronics International Ltd., a leading Sketch-to-Scale solutions company that designs and builds intelligent products for a connected world. 

French firms have investment potential in urban development, smart cities in Sri Lanka: envoy

French Ambassador to Sri Lanka and the Maldives Jean Martin Schuh said that French companies have a big potential for investment in Sri Lanka in the coming years, notably   

Amãna Bank powers inaugural Islamic Finance Forum of South Asia

With an objective of promoting the growing non-interest-based Islamic banking and finance industry in Sri Lanka and the region, Amãna Bank has come forward to sponsor the inaugural Islamic Finance 

German contribution to enhance SL’s future in vocational training

In February this year, Sri Lanka’s President, Maithripala Sirisena invited German investors to take 

Malaysian Deputy Prime Minister and FinMin discuss trade, investment

A meeting between Malaysian Deputy Prime Minister Dr. Ahamad Zahid Hamidi who is in Sri Lanka 

Kuwait eyes Sri Lanka’s fishery sector potential

Kuwait, the Persian Gulf economy with a longstanding aquaculture tradition, revealed its keenness for Lankan seafood and also expressed its interest to partner with the Lankan fishery industry.  

Asia stocks track US sell-off on stimulus worries

AFP - Asian markets fell yesterday, tracking the Dow on Wall Street’s first loss in six sessions, with traders left disappointed by comments from central banks in Japan and Europe that caused them to 

Shares end at one-month closing high

REUTERS: Sri Lankan shares rose for a second straight session yesterday and posted its highest 

Swadeshi Khomba illuminates Kiri Vehera & Ruhunu Maha Devalaya

The 2016 Esala festivals of the Kataragama Kiri Vehera and the Ruhunu Kataragama Maha Devalaya, 

New World Bank Country Director on familiarization tour

Idah Pswarayi-Riddihough, the new World Bank Country Director for Sri Lanka and Maldives is visiting 

China leads fall in foreign lending to emerging markets: BIS

AFP - Cross-border lending, key to help fuel economic growth, fell to emerging markets at the start of