Singapore’s Keppel divests interest in Lankan condominium project

Singaporean real estate giant Keppel Land divested its stake in ‘The Belvedere’ condominium project in Kotahena coming under Keppel CT Developments Pvt Ltd for Rs.550 million, last week. Singapore-based Straits Times, quoting the company said, the move was in line with its focus to strengthen its presence in its core markets, and recycling assets for higher returns.

Permoglaze ‘scratch and win’ promo first round of winners rewarded

JAT Holdings, Sri Lanka’s undisputed leader in the furnishing and finishing industry, launched its ‘Scratch and Win’ Permoglaze promotion recently to herald the holiday season. In continuing its own inimitable pioneering fashion

Fitch rates Singer Sri Lanka PLC’s Senior Debt Final ‘A-(lka)’

Fitch Ratings has assigned Singer Sri Lanka PLC’s (Singer, A-(lka)/Stable) proposed senior debentures of up to Rs.2 bn a final National Long-Term Rating of ‘A-(lka)’.  

Post-sanctions Lanka-Iran talks sealed in Colombo

The 11th round of Iran-Sri Lanka trade talks wrapped successfully on Wednesday in Colombo.  The first trade talks to be held with Sri Lanka by a post-sanctions Iranian administration, the tightly scheduled one-day 

Saegis launches innovative think tank forum

Saegis Campus, which recently launched an innovative programme titled ‘Saegis International Forum of Intellectuals and Experts (SIFIE)’, held its inaugural lecture recently at the Saegis auditorium in Nugegoda

ADB, LOMC sign US$ 25 mn loan to boost credit access

The Asian Development Bank (ADB) and LOMC, one of Sri Lanka’s leading non-bank microfinance institutions, has signed a US$ 25 million loan agreement to boost access to credit for individuals and micro enterprises.

ACL Cables sponsors 53rd Thurstan vs Isipathana Battle of Brothers Big Match

The annual Thurstan-Isipathana Big Match cricket encounter is a much looked forward to event in the schools’ sports calendar.

Glass usage lower in developing Asia: Believers in Glass

Sri Lankan citizens should pay more attention to their health and use glass containers to store and serve food and beverages,

NZ Premier Key calls to boost bilateral trade

New Zealand Prime Minister John Key has urged New Zealand and Sri Lankan businesses to take advantage of the growing commercial opportunities between the two countries.

Spot rupee hits record low on importer dollar demand

REUTERS: The Sri Lankan spot rupee hit a record low of 144.65 per dollar on resumption of trading after a gap of almost one month yesterday, due to importer dollar demand and a day after the Central Bank said it had stopped significant intervention in the market.

Asian shares rally as G20 meeting begins

AFP - Asian stocks rallied yesterday as China’s Central Bank chief said Beijing still has enough monetary firepower to keep the world’s second-largest economy on track as G20 ministers gathered in Shanghai.

Tellippalai Mahajana College represents Jaffna at Tokyo Cement Super Quiz Season 3

The historic, 106-year-old Tellippalai Mahajana College recently beat out 17 other secondary schools to win the Jaffna District leg of the Tokyo Cement Super Quiz Season 3.

Fonterra opens first demo and training farm in Sri Lanka

Fonterra’s first Sri Lankan demonstration and training farm was officially opened recently by New Zealand Prime Minister John Key, Sustainable Development and Wildlife Minister and Kurunegala District MP Gamini Jayawickrama Perera and Fonterra Chairman John Wilson

DIMO and Mercedes-Benz sponsor Sri Lanka’s first-ever Jazz and Blues Festival

Diesel & Motor Engineering PLC (DIMO), the only authorized distributor for Mercedes-Benz in Sri Lanka, recently sponsored the first-ever Jazz and Blues Festival in Sri Lanka, which took place at Galle Face Hotel. 

Love lingers on for ODEL’s Valentine’s Day promotion winners

Valentine’s Day may be over, but the romance it celebrates will be heightened for a lucky couple that will soon be holidaying

Singer launches all-new VISTA range of Smart TVs

Singer, a leading TV brand in Sri Lanka continues to innovate, bringing the latest in technologically superior products to a growing customer base in Sri Lanka. Launching its latest Singer VISTA series of SMART

Access Engineering in pre-fabricated steel building construction at Lakvijaya power station

Access Engineering PLC is scoring once again a remarkable progress in the steel structure fabrication sector in civil engineering industry in Sri Lanka with its involvement towards the steel structure

President visits Siddhalepa Health Center in Germany

President Maithreepala Sirisena visited Siddhalepa Health Center in Berlin during his recent visit to Germany, and commended the effort of Siddhalepa Group to promote Sri Lankan Ayurveda in Europe. Ministers,

Rupee forwards end weaker on importer dollar demand

REUTERS: Sri Lankan rupee forwards ended weaker yesterday, pressured by importer demand for the greenback, despite a 50-basis-point rate hike

Shares fall for 3rd day as investors shun risky assets

REUTERS: Sri Lankan shares fell for a third straight session yesterday to a 22-month closing low, as investors shunned risky assets and an interest rate hike last week continued to dampen sentiment. Local

Economic think tank urges policy makers to further explore export finance solutions

As Sri Lanka’s exports continue to slow down, Colombo-based economic think-tank Verité Research has urged policy makers to look towards further exploring export finance, an enabling policy that could potentially

Beer drinkers to switch to arrack this year following tax hike: Fitch

Fitch Ratings yesterday said Sri Lanka would witness a shift in consumer behaviour from beer to hard liquor this year.

CCC urges govt. to bridge ETCA information gap

Sri Lanka’s premier trade chamber, Ceylon Chamber of Commerce (CCC) yesterday urged the government to bridge the information gap relating to the proposed Economic and Technology Cooperation Agreement 

Economic think tank urges policy makers to further explore export finance solutions

??By Shabiya Ali Ahlam As Sri Lanka’s exports continue to slow down, Colombo-based economic think-tank Verité Research has urged policy

DFCC Bank funds Laugfs’ solar power project

DFCC Bank has provided financial support to Laugfs Group in establishing its first solar power project at Hambantota.

Vehicle imports plunge could result in deficit blowout: economist

The sharp fall in vehicle imports in January could have severe implications on government’s revenue collection and budget 

Tea production up in January; but exports and earnings dip

The local tea sector saw its production output for January kicking off with a positive note, but witnessed dampened year-on-year (yoy) growth in its export quantities and earnings.

DHL extends TAPA certification stronghold in Asia Pacific

DHL Express, the world’s leading international express provider, has recorded a new milestone in its continuous drive to offer superior security and service levels in end-to-end supply chain solutions in Asia Pacific

K & D Management Services marks 10th anniversary

K & D Management Services Ltd celebrated its 10th anniversary recently. Celebrations took place at the company’s head office in Kelaniya headed by its Chairperson Grace Silva, giving prominence to Buddhist and Christian religious activities. A n a l l - n i g h t P i r i t h chanting with almsgiving ceremon

Nolimit triumphs at Triumph dealer convention with Gold award

Nolimit, the biggest fashion retail chain in Sri Lanka, seized the gold award as the ‘Best Dealer’ for the 8th consecutive year at the recently concluded Triumph dealer convention, competing with more than 60