Audit reveals possible fraud in Blue Diamonds books

The capital market regulator, Securities and Exchange Commission (SEC) said yesterday an audit conducted

Rupee forwards end weaker on importer dollar demand

REUTERS: Sri Lankan rupee forwards ended weaker yesterday due to importer dollar demand amid apprehension

Sunshine Holdings’ packaging arm attracts US $ 2bn FDI from Hong Kong firm

The packaging arm of the diversified Sunshine Holdings group – Sunshine Packaging Lanka Ltd. said it is poised 

Shares hit 4-wk closing low; rising rates weigh

REUTERS: Sri Lankan shares closed at a four-week low in thin trade yesterday, led by blue chips amid foreign

Hemas March profits flat; FY16 net up 38% amid stronger sales, higher finance income

Hemas Holdings PLC, which has interests in FMCG, healthcare and transportation, saw its March quarter

Higher consumer demand boosts Cold Stores profits

Ceylon Cold Stores PLC, a unit of the John Keells group, which has interests in consumer goods manufacturing

Abans brings the best in water heating solutions

Have you heard about the technologically superior Geysers and Shower heaters available at Abans? Mistral and Stiebel Eltron are internationally acclaimed brands that manufacture some of the most innovative and versatile water heaters in the global market, and they are available in Sri Lanka only at Abans, the home of the World’s Best Brands. 

University of Wales MBA Society to be launched tomorrow

The official launch of the University of Wales MBA Society will be held on 28th May at the Kingsbury Hotel and will gather a large crowd of distinguished and notable individuals holding the University of Wales MBA. 

Admo Solar set to deliver flexible power solutions catering cross sector needs

Admo Solar, the renewable energy division of Vinseth Engineering commenced business in 2006 providing a wide spectrum of solar energy products specializing in supplying and installing of solar energy systems which include solar photovoltaic systems (PV), solar water heating solutions, solar powered street lights and garden light systems. 

Finco Technologies named top distributor for ‘NEC’ products

Finco Technologies (Pvt) Limited was declared as the Best Master Commercial Distributor in the Asia Pacific Region for marketing the different range of NEC products, including NEC Computers and NEC Servers, High Availability & DR Software manufactured by NEC Corporation of Japan. At a glittering ceremony held under the auspices ‘Best Master Commercial Distributor in the Asia Pacific Region’  recently in Vietnam, Finco Technol

Textured Jersey’s EMS Initiatives recognized with ISO 14001 Certification

Textured Jersey Lanka (TJ) whose sustainable business practices extend not only to their financial sustainability, but also to their environmental social responsibilities, has been recognised for their efforts with the coveted ISO 14001 Certification for Environmental Management Systems (EMS). The Company has made a conscious commitment towards creating a greener, healthier and safer, 

Standard Chartered offers up to 25 percent off at Abans

Once more Standard Chartered offers its credit cardholders a wonderful opportunity at savings. The bank brings a whopping discount of up to 25 perdent on electronics and home appliances at Abans showrooms island wide. Standard Chartered credit cardholders could also convert the purchase into a 25 month instalment plan at 0 percent interest. Sanjay Wijemanne, Head, Retail Banking, Standard Chartered, commenting on the offer said:  “As l

Sri Lanka seeking to borrow US $3.5bn through foreign debt

Sri Lanka is in the process of borrowing up to US $3.5 billion from foreign sources via syndicated loans

JKH March net slips as key segments slow down

Premier blue chip John Keells Holdings PLC (JKH) saw its March quarter (4Q16) net profit slipping by 13 percen

Dipped Products fully acquires Italian marketing arm for Rs.535mn

Dipped Products PLC, the nonmedical glove manufacturer of Hayleys group, has fully acquired its marketing

Port City promoted in India to lure top property developers

CHEC Port City Colombo (Pvt) Ltd, the project company that has undertaken the construction of the US $ 1.4 billion

Hayleys Rs.2bn debt issue snapped up

Diversified Hayleys PLC said its Rs.2 billion debenture issue opened yesterday was oversubscribed. “Therefore

Food and non-food prices push Lanka’s national inflation to 4.3% in April

Sri Lanka’s national inflation which captures price movements across all provinces increased by 4.3 percent

DPMC launches Mobile App designed by Wijeya Digital Media

David Pieris Motor Company Limited (DPMC), Sri Lanka’s largest automotive company announced the launch

Overwhelming response for Venture Engine 2016 submissions

Sri Lanka’s entrepreneur empowerment platform, Venture Engine has ended its “Call for Entries”, with the

Discussion on clean energy projects on May 31st

An awareness programme on the IFC and Government of Canada’s financing of clean energy projects that

Vehicle imports up 60%, registrations up 56% in 2015: report

Expenditure on imports of motor vehicles into Sri Lanka recorded a 60 percent growth in 2015 compared

Sri Lanka Tourism celebrates Golden Jubilee tomorrow

The month of May 2016, marks a golden milestone for Sri Lanka Tourism with the grand celebration of its 50th anniversary. 

Romesh David appointed CILT International Vice President

Romesh David was recently appointed to the International Management Council of the Chartered Institute 

Key segments push Hayleys March quarter net up 49%

Diversified conglomerate, Hayleys PLC increased its March quarter (4Q16) net profit by 49 percent from a year ago

Flood-hit Laugfs Gas plant to resume operations this week: official

??By Udara Liyanarathna The flood-hit liquid petroleum gas (LP gas) plant of Laugfs Gas PLC in Mabima

SL must embrace ‘foresight’ to fulfil sustainable development agenda: Malaysian govt. official

As Sri Lanka stands at a critical juncture in its development path, a top Malaysian government official

April tea production suffers due to severe drought

Tea production in Sri Lanka for April saw a considerable decline to 26.47 million kilogrammes (M/kg), compared

Industry body says flood impact on insurers not big

??By Chandeepa Wettasinghe The brunt of approximately Rs.7 billion insurance payments required for compensation

Ceylinco Life policyholders treated to thrills and spills of Leisure World

The precincts of Leisure World rang with the sounds of unbridled fun and frolic recently when Ceylinco Life hosted policyholder families from every district of Sri Lanka to a day at the theme park in Avissawella.