RIU real estate market intelligence: When hard truth hurts

The Research Intelligence Unit (RIU) being an organisation that has been in operation in Sri Lanka since 

CICT attracts new shipping line to Colombo Port

Colombo International Container Terminals Ltd. (CICT) the first and only deep water terminal in the Port of Colombo,

Tea exporters express concerns over revised tax proposals, licence fees

Since the beginning of 2014, the tea industry is going through a difficult period due to low demand and depressed

Singer offers great deals on Google-powered ‘Avurudu Mega Pola’

Singer offers special deals this Avurudu season on www.megapola.lk for popular brands such as Singer, 

World’s largest wastewater firm ready for Sri Lanka entry

The world’s largest wastewater service firm is looking to enter Sri Lanka and help modernize the country’s 

Crysbro opens SL’s largest hi-tech livestock feed plant

Crysbro, a leading name in Sri Lanka’s chicken industry, has declared to open its brand new livestock feed plant at Wariyapola in the Kurunagala district.

UCB revolutionizes local clothing landscape

Ever since Sri Lanka first got splashed with United Colors of Benetton (UCB) four years ago the brand has revolutionized the local clothing scene. 

Economist predicts 25-50bp hike in key rates by mid 2016

Sri Lanka’s Central Bank will have to raise key policy rates by at least another 25 to 50 basis points by mid part this year

Farlin launches innovative high chair for children

With a strong child focused mindset that has consistently enabled them to invent, Farlin has always maintained the lead in innovation. They have launched many firsts in the child and baby care industry, most of which have won prestigious design awards.

Ceylon Tea Brokers announces new appointments

Listed commodity brokerage Ceylon Tea Brokers PLC recently announced the changes to its management and the director board. 

Nawaloka Power Solutions reinforce commitment to Green Energy

Sri Lanka’s commitment towards green energy has gained momentum over the past few years. Contributing to the nation’s visionary plan towards sustainable green energy Nawaloka Power Solutions, offers solar and solar powered hot water systems to discerning customers.

Royal Marketing takes lead in manufacturing high-quality product range

As a rapidly developing country, Sri Lanka is home to many innovative companies that provide exceptional services to the country.  Established in 1993 as a small-scale local industry with a few employees, Royal Marketing (Pvt.) Ltd has come a long way within a short time and has been manufacturing a vast range of products which were previously imported.

Laugfs consolidates B’deshi LPG biz with Rs.1.4bn investment

Sri Lanka’s private sector power and energy player, Laugfs Gas PLC last week consolidated its presence in its Bangladesh’s downstream liquefied petroleum gas (LPG) business by acquiring the balance stake in its 69 percent-owned energy subsidiary, Laugfs Gas (Bangladesh) Limited for a consideration of Rs.1.39 billion.   

ThyssenKrupp Elevator to supply elevators and escalators for Astoria

ThyssenKrupp Elevator (Germany) brings 140 years of experience in vertical and horizontal transportation technology to Astoria the luxury condominium development at Colombo - 03.      AVIC International, the developer, has awarded the elevator and escalator contract to Scan Engineering, the Exclusive Distributor for Sri Lanka and Maldives, who will execute the Supply, Installation, Testing, Commissioning and Maintenance of the comp

Ma’s celebrates 30 years

The artisans of spices, Ma’s Food Processing (Pvt) Ltd recently celebrated its 30th anniversary at the company’s main production facility in Dambulla. 

Watchdog website hits Colombo streets

A public awareness campaign was conducted by the anti-graft website ipaidabribe at the Colombo’s Fort railway station on Monday with the support of many youth volunteers.  The watchdog website, which operates in 15 countries, was launched in Sri Lanka last December on United Nations Anti-Corruption Day. 

Sri Lankan biz delegation to visit Pakistan

A nine-member Sri Lankan business delegation will visit Pakistan from today to April 9 in a bid to explore trade and investment opportunities.  The delegation, led by the Sri Lanka – Pakistan Business Council of the Ceylon Chamber of Commerce, will also take part in the textile sector-specific exhibition ‘TeXpo 2016’, which will be held at the Karachi Expo Centre.

Dankotuwa Porcelain to amalgamate with Taprobane Capital

Porcelain tableware maker Dankotuwa Porcelain PLC (DPL) said it was amalgamating with its fully-owned subsidiary Taprobane Capital (Pvt.) Ltd. Taprobane Capital is the investment holding company of Royal Fernwood Limited, which DPL acquired in December 2013. 

Orange-CINEC collaborate to open research centre

CINEC Campus at Malabe celebrated the official opening of the Orange-CINEC collaborative research centre graced by Capt. Ajith Peiris, President of CINEC and Kushan Kodituwakku, Managing Director of OREL Corporation recently. 

SL’s working-age population growth highest in Asia: ADB

Sri Lanka’s working age p o p u l a t i o n g r o w t h i s forecasted to be the highest in the larger Developing

Prepaid metering for electricity on cards

??By Shabiya Ali Ahlam Amidst the highly criticised power crisis, the nation’s energy regulator is noted to be actively exploring the option of introducing prepaid metering in an attempt to allow affordable electricity

Five-day rupee forwards edge up on dollar selling by state bank

REUTERS: Sri Lankan five-day rupee forwards edged up yesterday as dollar selling by a state bank helped offset

Major economic transformation in next one and half years: FinMin

The country’s Finance Minister Ravi Karunanayake recently said Sri Lanka was gearing up for a significant economic 

Colombo Dockyard transferred to Default Board

The country’s largest shipbuilding and repair company, Colombo Dockyards PLC, was transferred to the Colombo 

Panama Papers: Family of China’s President Xi implicated

AFP: The families of some of China’s top communist brass -- including President Xi Jinping -- used offshore tax havens to conceal their fortunes, a treasure trove of leaked documents has revealed. At least 

Indonesia grants Sri Lankans visa-free entry to enhance commercial activities

Indonesia says it is now offering visa-free entry to Sri Lankans in a bid to help enhance commercial activities 

John Keells Foundation felicitates partners and contributors

Henry Ford once said “Coming together is a beginning, keeping together is progress; working together is success.”  This was highlighted at a celebration of John Keells Group’s CSR partners held on 28th March at Cinnamon Lakeside Colombo.

EFC and ILO call for sustainable partnerships for youth employment

The Employers’National Network of Youth Initiatives (ENNYI), an initiative of the Employers’ Federation of Ceylon (EFC) and supported by the International Labour Organization (ILO),which had its soft launchlast month at the EFC premises, was officially launched at the Taj Samudra on March 23rd. 

Over 30 Lankan institutes to participate in Maldives Education and Career Expo

The Maldives International Education and Career Expo will be held for three consecutive days from the 21st to the 23rd of April 2016 in Male. The event is the only exhibition focused for the education sector in Maldives and will be patronized by keen students who have clear intentions on furthering their education in Sri Lanka or overseas.

ADMO Solar joins hands with Construction Expo as Solar Energy Partner

Construction Expo 2016, Sri Lanka’s most comprehensive exhibition featuring all aspects related to the construction and building industry is scheduled to be held on 29th, 30th and 31st of July at the BMICH.