Colombo bourse nosedives on tax woes

The Colombo Stock Exchange yesterday nosedived as the main All Share Price Index (ASI) closed below 6,000 point mark amid Prime Minister Ranil Wickremesinghe...

DFCC gathers steam in its plans to grow through innovation

DFCC, having undergone a ‘painstaking’ amalgamation process to become a stronger entity, its chief expressed confidence in the bank evolving to allow the stakeholders to reap benefits from the range of innovations, for which plans are afoot.

Consumer Rights Forum 2016 on March 15

The Public Utilities Commission of Sri Lanka has organised the first edition of the Consumer Rights Forum targeting the World Consumer Rights Day, which falls on March 15, 2016.

Sri Lankan businesses waste 4% a year: CIMA study

Sri Lankan organisations waste an average amount of 4 percent of revenue every year, according to a new study by the Chartered Institute of Management Accountants (CIMA).

HNB bets high on housing to drive growth in 2016

The second largest private lender, Hatton National Bank PLC (HNB) said they see a growth which would stem from the real estate and housing segment in 2016, which would offset the slowdown in demand

Ceylon Chamber’s Business Conclave to kick off this evening

The Ceylon Chamber of Commerce-organised ‘Sri Lanka Investment and Business Conclave 2016’ will commence this evening (March 8, 2016) in Colombo with the participation of 125 plus potential investors,

CSE wants companies to enter bourse via PE route

??By Shabiya Ali Ahlam Businesses should opt to enter the Colombo bourse through the private equity (PE) route so that the capital market will have the right mix of companies, which would allow investors to reap benefits as expected, 

Hospitality operators under new star classification system

Sri Lankan hotels and other leisure service providers will soon be subjected to new classification systems, which will be gazetted shortly, a top official said. Mirror Business learns that the authorities have been 

Listed firms’ December earnings grow 5.3% amid higher consumption

Sri Lanka’s listed companies’ overall earnings during the December quarter of 2015 grew a moderate 5.3 percent year-on-year (YoY) to Rs.59.2 billion, improving from the 6.2 percent YoY contraction seen

Lankan apparels enter 3D design platform for first time

The leading provider of hi-tech solutions for the global textile industry has partnered with Sri Lanka’s apparel sector to upgrade the country’s apparel designing to new levels and the Lankan apparel industry

Macktiles Lanka stamps quality with SLS and ISO 9001:2008 certification

Macktiles Lanka Pvt Ltd, a 100 percent local manufacturer of a wide range of commercial and household floor tiles, was awarded the International ISO and SLS Standards by SGS Lanka (Pvt) Ltd and the Sri Lanka Standards Institution, respectively. These prestigious certifications were received by the Chairman of Macktiles, Milfer Makeen and the Managing Director of Macktiles, Mizver Makeen at the Macktiles Dealer Convention that took place among top

NCE to conduct seminar on N&E agricultural produce under ILO LEED project

The National Chamber of Exporters (NCE), jointly with the International Labour Organisation (ILO), is conducting a follow up awareness seminar for exporters to disseminate information on the produces and products available from the North. 

INDEE SL 2016 Exhibition

The National Chamber of Commerce in partnership with the Engineering Export Promotion Council (EEPC) of India will conduct business-to-business (B2B) meetings for the business community to meet their counterparts at the Indian Machinery & Technology Exhibition on Saturday, March 19, 2016 from 2:00 p.m. to 6:00 p.m., at Hall B. BMICH.   

Wedding and event venue ‘Raffles Residence’ launches this week

A brand new wedding and event venue will be launching in the heart of Nugegoda this month and everyone is invited to see it for themselves. 

Sunshine Healthcare’s Healthguard on expansion mode

Healthguard, the country’s premier pharma, wellness and beauty retail chain, is gearing up for the future, with significant investments into expanding its physical and online retail presence and enhancing the skills of its staff to meet the standards of international healthcare retailers.

Häfele showcases product range at exclusive gathering

The international leader in German Hardware Technologies, Häfele who launched their largest state-of-the-art design centre  in the country in Colombo 4 recently, held a reception whereby their invitees were able to experience for themselves first hand a state-of-the-art ‘Live Kitchen’ at the Hafele Flagship Design Centre .

Jeewaka Herbal introduces series of pain healing herbal medicines

Jeewaka Herbal Products (Pvt) Limited had introduced a series of pain healing herbal medicines to the local market. Jeewaka Watah Thailaya , Jeewaka Wathalepaya and Jeewaka Watah Pattuva are the newly introduced pain healing herbal product series to the market.

National Chamber conducts ‘RAMIS’ to a full house

The awareness seminar on the new tax system – Revenue Administration Management Information System (RAMIS) – conducted by the Inland Revenue Department was attended by a large crowd filled to capacity at the National Chamber of Commerce, recently.

SLRA-CAA to promote Consumer Rights Day, National Consumer Rewards Week

A team of officials from the Sri Lanka Retailers’ Association (SLRA) recently met with the Chairman and top officials of the Consumer Affairs Authority (CAA) in order to promote the ‘World Consumer Rights Day’ to be held in Sri Lanka on March 15, 2016 and the following ‘National Consumer Rewards Week’ during the week of March 14 to 20, 2016. Both events have been initiated and organised by the CAA.

Kotmale introduces Mango, Woodapple drinking yoghurt

Kotmale, Sri Lanka’s leading fresh milk brand, has launched yet another stunning addition to its collection of superior dairy goodness with Kotmale drinking yoghurt now available with natural Mango and Woodapple. 

Seyacolor launches Canon DreamLabo professional HD photo album printer

Sri Lanka’s first HD quality, 7 colour professional digital photo album printer, Canon Dream Labo 5000 was launched recently by renowned printing lab Seyacolor together with Canon and Metropolitan. The Canon 

Fashion Bug holds ‘Love Rush’ this Valentines

Fashion Bug, one of Sri Lanka’s leading retail clothing chains with over 16 outlets islandwide, held an exciting, fun, free shopping experience for couples on the Valentines, together with EFM. The compet i t ion saw 

Earth Hour shines a light on climate action

Following a landmark year for climate change WWF’s (World Wide Fund for Nature) Earth Hour is calling on people around the world to escalate the charge and be part of the global momentum. Earth Hour 2016 will be celebrated on Saturday,

KFC Sri Lanka wins YUM Outstanding Performer 2015 in Indian Subcontinent region

YUM! Brands, the global res taurant company, recently recognized KFC Sri Lanka as the Outstanding Performer for 2015 within the Indian Subcontinent region. KFC Sri Lanka received this award for its 

CIOB key conference on Western Region Megapolis Development Plan on March 10

A key conference on the Western Region Megapolis Development Plan organised by the Ceylon Institute of Builders (CIOB) will be held on March 10 at 4:30 p.m. at Galadari Hotel Colombo. The keynote 

Virtusa completes acquisition of majority interest in Polaris

Virtusa Corporation announced that its India subsidiary, Virtusa Consulting Services Private Limited (Virtusa India), acquired all of the outstanding shares of Polaris Consulting & Services, Ltd. held by Arun Jain

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