Nawaloka Holdings with Sonalika launches 4WD-50HP tractors in Sri Lanka

Nawaloka Agri (Pvt.) Ltd, a division of Nawaloka Holdings, firmly believes in empowering farmers through technology-driven solutions to enhance agricultural productivity.

SLT Mobitel “Cash Bonanza”2016 awards March winner with Montero

The National Mobile Service Provider, SLT Mobitel has yet again outdone itself with the introduction of the Cash Bonanza programme for the year 2016 which will reward customers on a monthly and daily basis. The telecom giant will be awarding an amazing Rs 350 million to its customers throughout 2016. 

Industry stakeholders join RPCs’ call for output -linked remuneration to sustain estate sector

Other industry stakeholders have joined the regional plantations companies (RPCs) in calling for an output-linked remuneration mechanism, to put the country’s estate sector, plagued by a number of issues, on a more sustainable footing through much-needed productivity improvements. 

Rani Sandalwood celebrates 75 years with new outlook

Rani Sandalwood, Sri Lanka’s hallmark in beauty soaps for over seven decades, has now been re-launched with a brand new outlook, commemorating the 75 years of unparalleled quality served by the product.  

Piramal Glass ends year with record growth; declares 35% dividend

Piramal Glass Ceylon PLC (PGC) ended a very successful year with a record growth in turnover and profitability. The company recorded its highest ever turnover this year of Rs.6,755 million and a profit after tax (PAT) of Rs.654 million. With this achievement, the board of directors have proposed 35 percent dividend maintaining its consistent policy of dividend pay-out ratio. 

Seventh edition of Malaysia International Shoe Festival launched

The official opening of the Malaysia International Shoe Festival (MISF) 2016 gathered thousands of highly anticipative audience as it kicked off its 7th edition at Putra World Trade Centre, Kuala Lumpur. Special Guest of Honour, YB Datuk Mas Ermieyati Samsudin, new Deputy Minister for Ministry of Tourism & Culture Malaysia, was excited at her debut involvement with the Festival this year, as she also harbours a passion for fashion and shoes.

BMICH awarded BID Century International Quality ERA Award in Geneva

Geneva hosted this year’s BID Century International Quality ERA Convention, where professionals and business leaders from around the world gathered to recognize excellence and success. In particular, the convention celebrated quality in business and operations. Award winners demonstrated commitment to quality standard, which helps bolster customer satisfaction and cost efficiency across all areas of operation.

Eminent private sector personalities mentor SriLankan future leaders

SriLankan Airlines has once again enlisted the knowledge and expertise of some of the country’s eminent professionals, private sector personalities and management gurus to help groom the national carrier’s leaders of the future as part of the leadership mentoring programme launched two years ago. SriLankan Airlines Chief Executive Officer Captain Suren Ratwatte said, “We are extremely grateful to have the assistance of such emin

SL tightens foreign exchange controls

The cash-strapped coalition government last week ordered the country’s exporters to bring back their moneys

Seafood exporters hail govt., for EU fish ban removal efforts

The Seafood Exporters Association of Sri Lanka (SEASL) gave the incumbent regime a vote of confidence

Central Bank denies bond auction manipulation charges

Amid mounting allegations of possible rigging of the country’s bond market, the Central Bank Governor

Bogala Graphite demotes itself to comply with public free float rules

Bogala Graphite Lanka, a unit of Netherlandsbased AMG Advanced Metallurgical Group N.V., said it would demote

Countrywide consumer prices up 2.2% in March

Sri Lanka’s inflation of all provinces rose 2.2 percent in March 2016 from a year ago, rising from 1.7 percent in February

Exclusive programme for chairmen with SLID and IFC

The Sri Lanka Institute of Directors (SLID) has partnered with IFC, a member of the World Bank Group

Shippers’ Academy Colombo national awareness seminar on April 28

Effective July 1, 2016, any shipping container leaving any port in the world must be accompanied by a shipping 

Sivagurunathan Memorial Challenge on May 1

For the past five years, the Jaffna and Colombo communities have been tied in a ceremonial bond through

Asian markets mostly down, Tokyo bounces on BoJ report

AFP - Asian stock markets mostly retreated on profit-taking yesterday, tracing losses in New York and Europe,

Singapore officials raid brokerages for ‘breaches

AFP - Singapore authorities have raided several brokerage houses for possible violations of securities laws

Ceylon Chamber led business delegation explores opportunities in South Africa, Zambia and Rwanda

A nine-member Sri Lankan business delegation, led by the Ceylon Chamber of Commerce, recently visited South Africa

Vietnam investigates mass fish deaths

AFP - Vietnam said it was investigating whether pollution is to blame for a spate of mysterious mass fish 

CIMA Sri Lanka recognizes A/L island’s best who became their students

CIMA Sri Lanka recently recognized two students who began studying for the CIMA Professional Qualification

Carmakers focus on China as scorching market slows

AFP - The global car industry gathers for its biggest annual event in China as analysts say the brakes

Central Bank to keep policy rates unchanged

Sri Lanka’s Central Bank is expected to keep its key interest rates steady on Tuesday, a Reuters poll showed, 

Sunquick ‘Drink & Win’ promo rewards yet another round of winners

Sunquick’s ‘Drink & Win’ promotion has ended with tremendous success, with the second round of winners 

Mining slump ravages Caterpillar earnings

AFP - The global mining slump and widespread downturns in construction took a severe toll on heavy equipment 

AIA delivers outstanding results for 1Q16

AIA Group Limited yesterday announced 44 per cent growth in value of new business (VONB) for the first 

For Sadaharitha every day is Earth Day

Each year, more than one billion people participate in the Earth Day-related activities aimed at building a healthy

Activist urges to retrieve stashed away dollars instead of taxing people

In the backdrop of the Panama Papers leak, economic and minority shareholder activist

BOC ATMs dispense record- breaking Rs.30bn during Avurudu

Bank of Ceylon (BOC), leader in the Lankan banking industry has set a benchmark, dispensing a record-breaking Rs.30.72 billion from its ATMs during this Avurudu season. 

Japanese officials raid Mitsubishi office after data scandal

REUTERS: Japanese transport ministry officials raided a Mitsubishi Motors office yesterday, following the shock