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.  

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