Swiss Advantage holds awareness programme on ISO 9001: 2015

An awareness programme on how to implement ISO 9001: 2015 without documentation was conducted by Swiss Advantage

JKH June quarter net up 9% to Rs.2.4 bn

Sr i L a n k a ’ s d i v e r s i f i e d conglomerate and premier bluechip, John Keells Holdings PLC (JKH) increased its June quarter net profit by a moderate 9.0 percent to Rs.2.4 billion or Rs.1.74 a 

Eser Marketing introduces world-renowned BH Treadmill to Lanka

Eser Marketing International (Pvt . ) Ltd, the pioneer in fitness and exercise equipment, has 

Lanka Spice introduces loyalty cards, stickers

Lanka Spice (Pvt.) Limited, brand owners of ‘Mc Currie’ spices, spice powders and blends, ready-to-

JAT rewards ‘Amazing gifts for everyone’ promotion winners, dealers

JAT Holdings, Sri Lanka’s market leader in the furnishing and finishing industry, today crowned the lucky winners of the ‘Permoglaze Amazing Gifts for Everyone’ - Scratch and Win competition which was held over a five month period from December last year to the end of April this year.  

Restraining order obtained to cancel NDB EGM

Adding a new twist to the saga surrounding the removal of the NDB Bank Chairman, it appears that a restraining order obtained by NDB Bank Shareholder Dr. Sena Yaddehige may have contributed to the cancellation of the Extraordinary General Meeting (EGM) to appoint a new Chairman.

NOLIMIT among Top 25 Best Companies to Work

From a pool of 77 companies in Sri Lanka across 14 business sectors and amongst some of the leading corporates in the country, Sri Lanka’s leading fashion and retail chain NOLIMIT is ranked as one of the TOP 25 Best Companies to Work for in Sri Lanka 2016. Furthermore, NOLIMIT was recognized and commended in the category of ‘Excellence in Diverse Workforce.’

DSI opens new showroom in Jaffna

D. Samson & Sons (Pvt) Ltd recently celebrated the opening of a brand new showroom in Jaffna.  Thusitha Rajapaksa, Managing Director of D. Samson & Sons (Pvt) Ltd, Kaushalya Perera, the Director of D. Samson & Sons (Pvt) Ltd and other members of the organization’s senior management were present at the opening ceremony, which took place on the 6th of July. Sanjeewa Dharmarathna, the Deputy Inspector General of Police–J

SlipDoctors enters Sri Lankan market with world-renowned anti-slip products

SlipDoctors, the world’s number one manufacturer of anti-slip products based in United States entered the Sri Lankan market by partnering with Creation Master Builders (PVT) Ltd.

World Construction Symposium to be held for fifth time

The Ceylon Institute of Builders (CIOB) and the Building Economics and Management Research Unit (BEMRU), Department of Building Economics, University of Moratuwa, Sri Lanka, are jointly organizing the 5th World Construction Symposium in Colombo from July 29-31. The symposium will offer a special platform for researchers and practitioners in the sphere of sustainable construction worldwide to share their knowledge, experience and research findings

WEA judging draws to a close

Judging for the ‘Woman Entrepreneur of the Year’ awards ceremony, to determine the best performing women owned businesses, has drawn to a close. 

LBSI to launch seventh season of Leo Art

Leo Burnett Solutions Inc. (LBSI), the local office of the global advertising network Leo Burnett Worldwide, will launch the seventh season of Leo Art titled ‘Strokes at the Mews’ on August 5, at the Park Street Mews. 

Link becomes Gold Sponsor for  World Export Development Forum 

The 16th  World Export Development Forum (WEDF) will be held in Colombo, Sri Lanka, from 12th to 13th October 2016 at  the BMICH.

Abans introduces ‘one free installment’ on hire purchases for smartphones

For the first time in Sri Lanka, Abans is offering one installment free when you purchase any mobile phone on Hire Purchase terms. You have the choice of the widest range of mobile phones from the world’s best brands to select from, LG, Lenovo, Haier and Apple iPhones. 

Seminar on how to import high quality goods at factory cost

The Ceylon Chamber of commerce in collaboration with Fair Deal AS, a globally spread import  sourcing arm will hold a seminar in the Chamber to educate and help local importers source quality goods at 

President, top policy makers to address Economic Summit

Sri Lankan Government’s top policy makers led by President Maithripala Sirisena are slated to attend the upcoming Sri Lanka Economic Summit 2016 and will discuss how to ‘Focus.Act.Deliver’ to propel the nation’s economy to new heights.

Optima Designs teams up with Expo Lanka for plant-able annual report

What if annual reports were more than just reams of paper? What if they lasted longer and remained relevant long after the year under review has passed? That’s exactly what Expo had in mind in taking sustainable reporting to the next level when they combined their philosophy with design innovators - Optima Designs. 

ADB’s US $ 118mn lifeline to fix Lankan power sector

The Asian Development Bank (ADB) has approved US $ 118.8 million in funding to help improve Sri Lanka’s electricity grid, which is under the threat of running into power shortages in the coming years. The funding is broken down into a US $ 115 million loan and US $ 3.8 million grant, which is provided by the Japan Fund for Poverty Reduction and the Clean Energy Fund.

China to manage 15,000-acre land in Hambantota

The Sri Lankan government is currently looking at providing 50 square kilometres of land to China to develop as an exports-oriented industrial zone in Hambantota, the Development Strategies and International Trade Minister Malik Samarawickrama said recently.

June tea production plunges; brings 1H output to lowest levels in years

Sri Lanka’s tea industry continues to move along a negative growth trajectory with dampened production in June dragging the 1H16 output to the lowest levels witnessed in years.

John Keells Hotels 1Q net down 36%

The John Keells group leisure arm, John Keells Hotels PLC (KHL) saw its net profits for the quarter ended June 30, 2016 (1Q17) declining by as much as 36 percent year-on-year (YoY) to Rs.83.9 million over poor growth in tourist arrivals to the region, the interim results released to the Colombo Stock Exchange showed.  The earnings per share dropped to just 6 cents from 9 cents a year ago. The group profit was hurt the most by the steeper fal

Sri Lanka’s Chevron Lubricants’ June quarter flat over stagnant top line

Chevron Lubricants Lanka PLC (Chevron), the local unit of the American multinational, posted a June quarter (2Q16) net profit of Rs.802.0 million, almost flat from the same period last year, the interim results showed.  The earnings per share edged up to Rs.3.34 from Rs.3.32. 

Plugging to India will bring shared benefits to South Asia: Prof. Sally

Politicians in South Asian countries must break regional barriers, especially with India, in order to create opportunities for regional trade, renowned economist and Institute of Policy Studies Chairman Professor Razeen Sally said recently.  Prof. Sally pointed out that “huge opportunities” would arise within the region and mostly with India if the existing and emerging barriers are actively addressed and brought down.

ETCA sans labour movement - Malik

Taking another interesting twist surrounding the controversial trade and services pact with India, the government yesterday said the Economic and Technological Cooperation Agreement (ETCA) would go 

Sri Lanka’s financial sector should evolve into progressive cyber risk mgt paradigm: Deloitte

Sri Lanka’s growing mobile usage and internet penetration have left the country’s financial services 

RPCs eye signing productivity-based collective agreement

Based on the undertaking that a productivity-based wage agreement would be signed by August 2016 for the remuneration of estate workers, the Regional Plantations Companies (RPCs) yesterday signed 

Regaining GSP Plus will make up for Brexit downsides: TJL MD

Sri Lanka’s largest listed apparel company, Textured Jersey Lanka PLC (TJL), said that regaining the European Union’s Generalized System of Preferences Plus (GSP Plus) facility will more than make 

Rajapaksa’s bad gotten worse under current regime – Prof. Sally

The Sirisena-Wickramasinghe coalition has plunged the Lankan economy from bad to worse since coming in to power by pursuing vote buying loose fiscal policy leading to macro-economic instability, 

TFO brings affordable fashion to Ja-Ela

The Factory Outlet (TFO) continuing its branch expansion initiative opened its 4th store in Ja-Ela 

Ceyoka signs agreement with Malaysia’s Success Electronics for Nikkon lighting solutions

Ceyoka Professional Lighting, part of diversified conglomerate Ceyoka (Pvt) Ltd and at the forefront in supplying premier industrial lighting solutions for customers, strengthened its local market