Batticaloa Int’l Trade Exhibition in October

Batticaloa International Trade Exhibition (BITE) 2016 is scheduled to be held on September 30 and October 1-2, 2016 at the Shivananda Vidyalaya Grounds in Batticaloa.

CIMA pass rates increase in Sri Lanka

With an increase in pass rates, the Sri Lankan students have regained their high performance trend at the Chartered Institute of Management Accountants (CIMA) examinations. 

Success for over 40 Lankan education institutes participated at Maldives Education Expo 2016

The Maldives International Education and Careers Expo concluded in a grand scale on April 23, 2016 at Dharubaaruge. The three-day event saw over 1500 students and young adults visit the exhibition during the three days. 

PF-CICIR sign MoU to enhance mutual understanding and cooperation

A five-member delegation from one of China’s oldest and largest think-tanks – the China Institutes of Contemporary International Relations (CICIR) – undertaking a three-day visit to Sri Lanka, held discussions with Pathfinder Foundation (PF) founder Milinda Moragoda and the senior officials of the foundation on April 27.

National Chamber hosts B2B meetings with Czech delegation

The National Chamber of Commerce, in association with the Embassy of the Republic of Czech, will conduct business-to-business (B2B) meetings with a Czech delegation comprising of six business organisations for the business community to meet their counterparts.

Sri Lanka pushes for open government with OPG

The Foreign Affairs Ministry in collaboration with the Open Government Partnership (OGP) held a launch to coincide the visit of the OGP officials in Sri Lanka. The event took place on April 4 and 5 at the BMICH over a period of one and half days. 

Sri Lanka keeps policy rates steady

Sri Lanka yesterday decided to keep the policy interest rates steady as the Central Bank said the impacts

Tax holidays under BOI comes to an end

??By Yohan Perera Sri Lanka will stop granting tax concessions under Board of Investment (BOI) law and it 

Global Rubber ups Sanasa stake over 10%

Leading industrial rubber tyres manufacturer Global Rubber Industries Private Limited has upped its stake 

Sampath Bank to raise up to Rs.6bn via listed debt

The country’s third largest private bank, Sampath Bank PLC is to raise up to Rs.6 billion through a listed debt

SL urged to get policies right for globally-competitive apparel sector

??By Shabiya Ali Ahlam Sri Lanka’s apparel sector has been urged by the World Bank (WB) to capitalise

A T Cooray introduces high-tech office interiors

For almost 90 years A T Cooray has been known in the furniture manufacturing industry as the go-to place for innovative and quality designs for office interiors. 

NDB Securities releases report on GSP+

NDB Securities (Pvt.) Ltd (NDBS) released a report on the Generalized Scheme of Preferences (GSP) special incentive arrangement (GSP+) and its expected impact on the apparel sector of Sri Lanka. The report makes some interesting revelations about the expected time horizon for which Sri Lanka may be eligible for this scheme, whilst also analysing two listed companies in the textiles and apparels sector. 

David Pieris Motor Company appoints new Chairman

Effective 01 April 2016, Shyamal Mendis was appointed Executive Director and designated as Chairman David Pieris Motor Company Limited, David Pieris Motor Company (Lanka) Limited and David Pieris Automobiles Limited. 

US-based MCC holds discussions with Ceylon Chamber

A delegation from Millennium Challenge Corporation (MCC), a US government agency, held discussions with the Ceylon Chamber of Commerce (CCC) during its recent visit to the country. The delegation was met by CCC Chairman Samantha Ranatunga, Board Director Vish Govindasamy, CCC CEO Dhara Wijayatilake and former CCC Chairman Suresh Shah.

Visiting German delegation set to explore biz opportunities: envoy

With the message to the Sri Lankan government to follow the policy it was elected on, not looking left or right, German Ambassador to Sri Lanka and Maldives Dr. Juergen Morhard said that a German business delegation would be visiting Sri Lanka looking for business opportunities.

A10 Networks appoints SAT authorised distributor in Sri Lanka

South Asian Technologies (Pvt) Ltd. (SAT) announced its appointment as the National Value Added Distributor for A10 Networks, the next-gen application networking and security leader- in Sri Lanka.  The partnership strengthens A10 Networks’ reach into the enterprise IT market in Sri Lanka and facilitates sustained engagement with new partners in larger cities as well as extending its reach in high growth Tier - 2 regions.

Toppan Forms bags Silver and Bronze at Collate 2016

Toppan Forms (Colombo) Limited (TFC), a print management outsourcing company, won Silver and Bronze awards at the recently held Collate 2016, an annual awards ceremony organized by the Sri Lanka Association of Printers recognizing the best in product, quality and excellence in the printing industry. 

Colombo Land appoints Vasula as Executive Director

Colombo Land and Development Company PLC (CLDC) recently announced the appointment of Vasula Premawardhana as Executive Director to serve on the board of the company.  He also serves as Chief Executive Officer of CLDC.

Burger King opens 11th outlet in Wattala

Burger King which is exclusively managed by master franchisee Softlogic Restaurants (Pvt) Ltd, just unveiled their 11thoutlet at Negombo Road Wattala recently.

Sritrims unveils fashion accessory collection for 2016 in China

Sritrims (Far East) Ltd.,  a renowned Hong Kong based company governed by a Sri Lankan management for the past 18 years with a brand image of offering Quality Products in the Fashion Industry, unveils their newest Fashion Accessories Collection for 2016 in Foshan, China. 

TMI Solutions partners with Daiichi

The Director’s of TMI Solutions (Pvt) Ltd, fast growing medical equipment trading company in Sri Lanka had a meeting with Kohzoh Hayakawa and Masahiko Yamamura of Daiichi Medical Products Co. in Japan to discuss the prospects of marketing Daiichi Medical products in the South Asian regions which TMI Solutions operates recently.

REPATRIATE EARNINGS

Th e g o v e r n m e n t ’ s s u d d e n c a l l f o r exporters to repatriate funds e v o k ed mi x e d sentiments

Five-day rupee forwards firmer on bank dollar sales

REUTERS: Sri Lankan five-day rupee forwards edged up yesterday as dollar sales by a foreign bank outpaced

Shares end near 2-week low ahead of CB policy decision

REUTERS: Sri Lankan shares fell to a near two-week low yesterday as cautious investors waited for cues 

Chevron Lubricants April 12. decides on share split

Chevron Lubricants Lanka PLC yesterday said its director board had decided to increase the number of shares 

Hemas to bag Evergreen shipping agency: sources

Diversified conglomerate Hemas Holdings PLC is likely to bag the local agency for Taiwan-based Evergreen Line

Another PUCSL ‘no’ to CEB emergency power purchase request

The country’s energy regulator last week shot down another request by the Ceylon Electricity Board (CEB)

‘Everybody lives happily till next blackout’ quips energy expert

Both the current and past governments have swept post-blackout reports and recommendations which

Hameedia Kiribathgoda celebrates first anniversary

Sri Lanka’s leading menswear specialist, Hameedia, recently celebrated the first anniversary of its Kiribathgoda branch in the presence of senior management and other dignitaries.