Good governance activist wants SEC to regulate bond market

In an open letter to the new Central Bank Governor Dr. Indrajit Coomaraswamy, good governance 

Amana Takaful Life’s Rs.75mn IPO opens today

The Initial Public Offering (IPO) of Amana Takaful Life Limited (ATLL) – a fullyowned subsidiary of 

Nimal divests Kalamazoo stake to Renuka Holdings

Royal Ceramics PLC Managing Director Nimal Perera divested his entire stake in Kalamazoo Systems PLC held through a margin account at Seylan Bank for Rs.50 million to Renuka Holdings 

ETCA talks transparent; framework to be finalized in August to fast track the pact: Dy. Minister

Sri Lanka’s government will have a national trade policy followed by an international trade secretariat 

DPMC empowers women entrepreneurs

David Pieris Motor company Limited has launched a series of programmes to support women entrepreneurs who use Bajaj three-wheelers in their business activities. 

Laila Gunesekere honoured with Gold award

Laila Gunesekere-Martenstyn was recently honoured with a Gold Award for her Extra Ordinary Contribution to the industry by the Women in Management organisation. The award recognises Laila’s lifelong dedication to the upliftment of the advertising industry through her efforts to foster creative growth, training and for nurturing numerous top local and regional brands to maturity.  

UltraTech Cement Lanka Dealer Awards

The dealer performance award ceremony of UltraTech Cement Lanka (Pvt) Ltd was held on 16th July at Taj Samudra Hotel, to reward 87 dealers island wide. The event was attended by Chief Guest, Kiran Redkar (CEO of UltraTech Cement Lanka) along with Sanjay Gadkari (Head of Marketing of UltraTech Cement Lanka)  

Economic Summit to discuss why Sri Lanka lags in agribusiness

The Sri Lanka Economic Summit 2016’ organized by the Ceylon Chamber of Commerce has allocated ‘Session 6’ of the two-day event to discuss why the country’s agriculture sector despite the vast promise is still punching below  its weight.

World of Outdoor opens flagship gallery in Kandy

World of Outdoor and Light & Shade have launched their flagship gallery, a combined concept store in Peradeniya Road, Mulgampola. 

‘Basmati Yummy Rice’ offers healthy food option

N-Joy Healthy Food recently launched a new product, N-Joy Yummy Rice, that is a healthier alternative to fast foods.  N-Joy Yummy Rice is rich in energy and is also made up of protein rich soy, vitamin rich carrots and leeks as well as nourishing green peas and sultanas making it a healthy, quick and easy hunger fix. CW Mcakie PLC Group has been involved in the export of natural rubber, coconut products and Sri Lankan spices since its incept

China’s Hainan frontrunner for SriLankan: sources

On a quest to find a strategic investor to help revive the loss-making national carrier, it is learnt that the government is close to finding a prospective partner to manage SriLankan Airlines. Informed 

GSP Plus benefits hang in balance as SL reaches upper middle income status

The government expressed uncertainty as to how long the country would be able to enjoy the concessions under the GSP Plus had the facility was re-granted by the European Union (EU) – a 

Heyleys buys resort hotel in Maldives for US $ 23mn

Hayleys PLC has extended its leisure sector operations to the Maldives with the purchase of the Kudarah Island Resort for US$ 23 million last week. The resort situated in the South Ari Atoll, 

Daya Group appoints 3 directors to BLUE board

Following the acquisition of a significant portion of shares in the beleaguered Blue Diamonds Jewellery 

SL’s unemployment declines in 1Q16

Sri Lanka’s unemployment rate narrowed to 4.2 percent in the first quarter of 2016 (1Q16), compared to 4.7 percent year-on-year (yoy), and 4.4 percent in the fourth quarter of 2015 (4Q15). This was the 

CB pushes for plastic cards in place of hard cash

In a quest to build a cashless society, the Central Bank of Sri Lanka has asked the people to shift from using cash and coins into payment cards for all transactions, though the payment infrastructure 

Top strategy specialists to share insights on brand strategy and brand valuation

Two globally-renowned strategy specialists, Martin Roll and Sam Dias are set to take Colombo by storm at next week’s Strategy Summit organized by the Institute of Chartered Accountants of Sri 

Newly appointed Sasakawa Cultural Centre Board of Trustees

Seated from left: Sam Chandrasena (Secretary), Sumana D. Liyanage (Asst. Secretary / Asst. Treasurer), Dayasiri Warnakulasooriya (Trustee), Lal De Alwis (Chairman), Madam Akiko Suganuma, 

Pathfinder and Shanghai Institute hold second symposium

The Second Symposium on the Maritime Silk Road and China-Sri Lanka Relations was held in Shanghai, China from 11th-13 July. The Chinese Embassy in Colombo made the logistical 

Charles Tilley steps down as CIMA CEO

Following the overwhelming support of CIMA members last month to establish the world’s largest and 

Ogilvy PR sharpens skills with ‘Red Arrow’ training

Daniel Ch’ng, Global Chief Learning Officer for Ogilvy Public Relations was recently in Sri Lanka to conduct ‘Red Arrow’, a one of a kind training session for the local team, which focused on becoming 

Malaysian Deputy PM to inaugurate Hyrax Oil blending plant in Muthurajawela

As the Malaysian Deputy Prime Minister will be on a visit to Sri Lanka this week, High Commissioner 

Eagle Logistics expands supply chain solution arm

Eagle Logistics Colombo Managing Director Asanga Weerackody said, “The Sri Lankan logistics 

GiftSmart.lk introduces Wishlist gift registry

GiftSmart.lk introduced the Wishlist – the only free online gift registry where the users can list their wedding, birthday, anniversary and other gift wishes from over 100 shops in Sri Lanka.

Economic Summit to focus on leveraging locational advantage to boost trade, logistics sectors

The upcoming ‘Sri Lanka Economic Summit 2016’ will have a separate session to discuss how Sri Lanka can utilize its locational advantage to boost the country’s International trade and logistics 

Industry conditions set ideal platform to launch ‘Architect 2017’:SLIA

At the launch of Architect 2017, Sri Lanka Institute of Architects (SLIA) Vice President, architect 

Rayban promotion at Eric Rajapakse Opticians

A much-awaited promotion and launch of new Rayban products is on at the moment at Eric Rajapakse Opticians’ branches. 

Burger King recognized as a ‘great place to work’

Burger King Sri Lanka, which is exclusively managed by master franchisee Softlogic Restaurants (Pvt.) Ltd, backed by Softlogic Holdings PLC, was recognized as one of the ‘Great Places to Work 

Godrej ‘Lowa Wataa Ran Rataa’ campaign ends on high note

Amidst much fanfare, Godrej Household Products awarded the winners of the ‘Lowa Wataa Ran 

‘No phobia’ on taking Chinese money, RW tells Bloomberg

Sri Lanka is agnostic about what countries it accepts foreign investment from, including China, Prime Minister Ranil Wickremesinghe said.