MTI’s ‘idea2fund’ evaluates 60 concept presentations

‘idea2fund’, a venture challenge platform powered by MTI Corporate Finance, concluded the first round of presentations at Hilton Colombo Hotel recently.

Asian banks’ bad debt pile highest since global financial crisis

REUTERS:  Bad debts at Asian banks have climbed to their highest since the global financial crisis and the

Telcos installing optical fibre cables for end-users illegally: SLT

Telecommunications companies in Sri Lanka are installing highly efficient optical fibre cables for end-users

SLID and IFC conduct program for non- executive and independent directors

The Sri Lanka Institute of Directors (SLID) together with IFC, a member of the World Bank Group, is conducting a program exclusively for Non-Executive and Independent Directors on driving good corporate governance forward.

SLIM opens registration for Preliminary Certificate in Marketing

The Preliminary Certificate in Marketing (PCM), the most popular entry level qualification for marketing in Sri Lanka among career-minded youth executives, has been opened for registrations by Sri Lanka Institute of Marketing (SLIM).

Asia markets track Wall St, oil higher

AFP - Asian stock markets rallied again yesterday as another surge in oil prices and gains on Wall Street reinforced optimism about the world economy.

McLarens Lubricants donates wheelchairs for ‘Around the Pearl’

Working to make a difference in the communities it serves, Mobil Lubricants Sri Lanka, as a part of its ongoing Corporate Social Responsibility (CSR) initiatives, has reached out to support “Around the Pearl 2016” (APL) through a donation of 75 wheelchairs.  These wheelchairs will be presented to children affected by cerebral palsy in Sri Lanka.

Nawaloka Hospitals Negombo launches dedicated Urology unit

Continuing to take its exceptional healthcare services closer to patients outside Colombo, Nawaloka Hospitals PLCunveiled a state-of-the-art Urology unit at its regional facility in Negombo recently. 

WiLAT- Sri Lanka Forum holds AGM

Women in Logistics and Transport (WiLAT) Sri Lanka Forum held its third Annual General Meeting (AGM) on 6th April  at the National Chamber of Commerce Auditorium amidst a large gathering. 

New Canon EOS 80D creates images and movies that come alive

Canon launched the new EOS 80D digital DSLR camera recently, with advanced features to improve the professional photographer experience. The EOS 80 D which replaces the popular EOS 70 D comes with new EF-S18-135mm f/3.5-5.6 IS USM kit lens compatible with the newly developed Power Zoom Adapter PZ-E1.

“5core” sounds system stabilizes in local market

“5core” Sounds System of Indian origin possesses a history spanning 31 long years. “5core Sounds Systems”, established its specific identity in the varket, by setting up an unfading name.

Fully loaded Exide all geared to power up Fox Hill Supercross 2016

Sri Lanka’s leading auto motive battery brand Exide, will be the official battery partner at this year’s Fox Hill Supercross event, which is due to be held on the April 24th.

Inconsistency continues to mar government policy

Further confusion was created yesterday over the government’s tax policy with State Minister for Finance Lakshman Yapa Abeywardena announcing that the new 15 percent value-added-tax (VAT) rate effective from May 2 will not be applicable to water, electricity and medicine. When the tax 

Shares end up 2nd straight session

REUTERS: Sri Lankan shares rose for the second straight session yesterday as investors bought diversified shares such as market heavyweight John Keells Holdings PLC, brokers said.

This week tea auction proceeds with lower quantity but good demand

The tea auction this week saw a relatively small quantity of 4.9M/kgs come under the hammer but a good demand was observed consequent to the lower volumes and the absence of an auction last week on account of the Sinhala and Tamil New Year.

Sri Lanka 5-day rupee forwards steady on dlr sales, moral suasion

REUTERS: Sri Lankan five-day rupee forwards traded steady yesterday on selective dollar sales by a state bank and as moral suasion by the Central Bank prevented a fall, despite demand for the greenback from importers, dealers said. Forwards, which are known as spot next and act as a proxy for the spot currency, were trading at 146.50/80 per dollar at 0545 GMT compared with Tuesday’s close of 146.50/60.

Leo Burnett Worldwide acquires majority stake in Solutions Group

Leo Burnett Worldwide, a part of the Publicis Groupe announced the acquisition of a majority stake in the Solutions Group, the leading communications company based in Sri Lanka. A As part of the acquisition, Leo Burnett Sri Lanka and Arc Worldwide Sri Lanka will now be fully integrated into Publicis Communications, one of Publicis Groupe’s four Solutions hubs regrouping all creative communications activities.

Milling team behind 7 Star success story

Serendib Flour Mills (Pvt) Ltd., was set up with the objective of providing an uninterrupted supply of wheat flour to Sri Lankan consumers, manufactured in a state-of-the-art mill, guaranteeing superior quality and hygiene. Led by a cutting-edge team with deep expertise in the art of milling, Serendib Flour Mills is backed by the  Al-Ghurair investments in Dubai, UAE. 

CEAT India picks Sri Lanka for mega sales and regional conference

Several key strategic decisions relating to the tyre business were taken at a conference in Colombo this week when manufacturing giant CEAT Limited conducted its annual sales and regional conference in Sri Lanka for the first time.

Talent sparks at “Laugfs on stage” grand finale

The grand finale of ‘Laugfs on Stage’, Laugfs’ very own in-house talent show, was held recently at the Musaeus College Auditorium, showcasing the many creative talents of its diverse team across the group.

Sri Lanka 5-day rupee forwards steady on dlr sales, moral suasion

REUTERS: Sri Lankan five-day rupee forwards traded steady yesterday on selective dollar sales by a state bank

Milling team behind 7 Star success story

Serendib Flour Mills (Pvt) Ltd., was set up with the objective of providing an uninterrupted supply of wheat flour to 

Leo Burnett Worldwide acquires majority stake in Solutions Group

Leo Burnett Worldwide, a part of the Publicis Groupe announced the acquisition of a majority stake in the 

CEAT India picks Sri Lanka for mega sales and regional conference

Several key strategic decisions relating to the tyre business were taken at a conference in Colombo this

Shares end up 2nd straight session

REUTERS: Sri Lankan shares rose for the second straight session yesterday as investors bought diversified

Inconsistency continues to mar government policy

Further confusion was created yesterday over the government’s tax policy with State Minister for Finance Lakshman 

Talent sparks at “Laugfs on stage” grand finale

The grand finale of ‘Laugfs on Stage’, Laugfs’ very own in-house talent show, was held recently at the Musaeus

This week tea auction proceeds with lower quantity but good demand

The tea auction this week saw a relatively small quantity of 4.9M/kgs come under the hammer but a good

Government seeks US $ 3.1bn from private sector for LRT system

A leading logistics expert in the country recently charged that the government is seeking a whopping US $ 3.1billion

Shares edge up; eyes on IMF loan deal

REUTERS: Sri Lankan shares ended slightly firmer yesterday as investors turned cautious ahead of an imminent