Janashakthi Insurance Chairman W. T. Ellawala to retire after 22-year stint

Janashakthi Insurance PLC’s incumbent Non- Executive Chairman and Director, W. T. Ellawala is to announce his retirement at the forthcoming Annual General Meeting of the Company to be held on the March 31, 2016.

Excise Dept. revenue up over 100% in 2015: Ravi K

The revenue collected by the country’s Excise Department rose over 100 percent to Rs.105 billion in 20015 compared to the Rs.42 billion collected in 2014, Finance Minister Ravi Karunanayake said. With this

Fitch assigns first-time ‘A(lka)’ to Richard Pieris & Company

Fitch Ratings has assigned conglomerate Richard Pieris & Company PLC (RICH), a national long-term ‘A(lka)’ rating.

Softlogic opens Fossil flagship store in Colombo

Fossil, the iconic mid-century designer brand was launched in Colombo recently with the opening of its flagship store at Arcade Independence Square Colombo. The highlight of the launch was an exclusive in-store event 

Minister Amunugama to grace investment conference

Minister Dr. Sarath Amunugama will be the Chief Guest at the Sri Lanka Investment and Business Conference

December and full year trade gaps widen as exports continue to slide

The trade deficit for last December widened 4.4 percent year-on-year (yoy) to US$ 827.3 million, widening the 2015 trade deficit 1.7 percent yoy US$ to 8.43 billion amid downturn in the global economy, Central Bank data showed.

Rupee forwards weaker on imports, foreign bond sales

REUTERS - Sri Lankan rupee forwards traded weaker yesterday on dollar demand from importers and as foreign investors 

Coca-Cola refreshes 9th National Scout Jamboree

Coca-Cola Beverages Sri Lanka Limited was proud to be the official beverage sponsor of the recently concluded ninth National Scout Jamboree and refresh over 10,000 scouts and leaders from over 30 countries participating in the jamboree.

Siddhalepa sales reps win Gold awards, Bangkok tours

Hettigoda Industries (Pvt.) Ltd, which is the largest Ayurvedic product manufacturer and distributer, held its annual sales conference recently at Eagles’ Lake Side. 

Legal process gets priority over foreign deals: Ports Minister

Ports and Shipping Minister Arjuna Ranatunga at a meeting held at the District Secretariat auditorium in Trincomalee recently pledged that no damage would be made to the national security in developing the country.

Sri Lanka Tourism to achieve 4.5 mn tourists by 2020 in revised target

Following Sri Lanka failing to achieve the 2 million tourist arrival target for 2015, future targets have been amended to realistic levels, the country’s tourism chief said.  

Japan grants Rs. 26 mn for education empowerment

The Government of Japan has decided to provide a total sum of US$180,322 (approximately Rs. 26 million) 

Development Lotteries Board introduces Sanwardana Lakshapathi

The Development Lotteries Board now offers its loyal consumer a new lottery ticket titled ‘Sanwardana Lakshapathi’, giving the chance for 100 winners to win  Rs.100,000 weekly.

Liberty Motors holds dealer convention

The dealer convention of Liberty Motors Ltd was held at The Kingsbury Hotel recently where the dealers who 

Visa restrictions on Lankans travelling to Malaysia to be eased soon: official

Visa restrictions imposed on Sri Lankans travelling to Malaysia will be eased soon, Indian Community Relations 

Football, Yoga and AIA in Jaffna!

Jaffna is famed for its beautiful kovils, swaying palmyrah trees, sun-shot mangoes and mouthwatering crab curry.

Colombo Dockyard says not publishing 4Q results due to order delays

The Colombo Dockyard PLC on Thursday informed shareholders it would not publish its fourth quarter (4Q15) financial statements due to delays in orders.

SLAAPS elects Executive Committee 2016

The Sri Lanka Association of Administrative and Professional Secretaries (SLAAPS) Executive Committee 2016:

Seylan sponsors Wedding Show 2016

Seylan Bank was the official banker at the recently concluded ‘The Wedding Show – 2016’, which was held at the BMICH.

Venture Engine-powered hackathon on March 11

Sri Lanka’s pioneering entrepreneurship programme Venture Engine will be hosting a briefing and hackathon open to all interested parties on Friday, March 11, 2016, at 4:00 p.m., at the Lankan Angel Network Incubation Centre, Colombo 4.

Tea sales average low for second consecutive month

The tea industry continues to witness dampened progress with February sales average remaining within bearish territory for the second consecutive month this year.

EWIS to set up US$ 50 mn tech plant in Bangladesh

Local digital device manufacturer EWIS Colombo Limited (EWIS) entered into a joint venture with Bangladesh’s

China eagerly looking forward to PM’s visit: BOI

Prime Minister Ranil Wickremesinghe’s forthcoming visit to Beijing is being eagerly awaited by the Chinese leadership as a timely opportunity to strengthen bilateral relations, Sri Lanka’s Board of Investments

CB in talks with donor agencies to boost commercial agriculture

The country’s monetary authority the Central Bank is currently engaging in discussions with international development funds to set up model farms to venture into commercial agriculture and uplift 

CSE to give investment insight via bourse games

??By Shabiya Ali Ahlam The Colombo Stock Exchange (CSE) is to introduce mock trading for inexperienced investors through a gaming platform, an upgrade to its trilingual educational web portal launched

Norway’s $810 bn wealth fund to question companies on human rights

REUTERS: Norway’s $810-billion sovereign wealth fund, the world’s largest, said on yesterday it would raise its focus on global human rights to ensure that companies it invests in follow ethical standards. “We’

Publisher Vijitha Yapa presents latest book on Sri Lanka to President

Publisher Vijitha Yapa and author Chandrani Warnasuriya recently presented her book on Sri Lanka to President Maithripala Sirisena at the Presidential Secretariat.

Blue Mountain excels at APPAS and IFM Awards

In 2015, Blue Mountain Properties bought home the highly coveted 5-star award in the ‘Property Consultancy Marketing’ category at the Asia Pacific Property Awards Summit, held in Malaysia and the ‘Best Property Consultant’ award at the International Finance Magazine (IFM) Awards, held in the U.K. 

Talwalkars India invests in Power World Sri Lanka

Power World recently announced a strategic investment by Bombay Stock Exchange listed Talwalkars Better Value Fitness Limited, India, and the opening of 10 brand new Power World gyms across the Greater Colombo area. 

Panther participates at Nürnberg Toy Fair

Panther, one of the first and only manufacturers of educational toys, games and stationery in Sri Lanka recently participated at the Nürnberg Toy Fair in Germany, one of the three largest toy exhibitions in the world and one of the toy industry’s leading trade shows.