Ceyoka showcases nextgen insulation and water proofing products

Sri Lanka’s largest, most prestigious and influential annual architect exhibition organized by the Sri Lanka Institute of Architects held recently, featured the latest products and services used by practicing architects, 

Mega education and career expo to be held in Maldives

The Maldives International Education and Career Expo will be held for three consecutive days from April 21 to 23, 2016 in Male. 

Iran shows optimism about crude oil concessions to SL

Iran government has responded positively to supply crude oil to Sri Lanka at concessional prices, a Sri Lankan Finance Ministry statement yesterday said.

S’pore High Commissioner imparts knowledge on investment best practices

The Board of Investment of Sri Lanka (BoI) conducted an interactive discussion where the chief guest was High Commissioner of Singapore to Sri Lanka Chandra Das. The High Commissioner shared his

Sarada de Silva invited to address World Spice Conference 2016

National Chamber of Exporters of Sri Lanka (NCE) President Sarada de Silva is invited to attend World Spice Conference 2016 and make a presentation on ‘Spice Industry – Sri Lanka Perspective’. Since its inception in 

Over 100 foreign investors to attend CCC ‘Sri Lanka Investment Business Conclave’

The upcoming ‘Sri Lanka Investment and Business Conclave’ organised by the Ceylon Chamber of Commerce (CCC) has attracted 100 plus overseas investors with the largest group expected to come from Kuwait,

LOLC group attracts US $ 247 foreign funding through ADB, FMO

The LOLC group has attracted US $ 247 million in funding for three of its subsidiaries through the largest ever syndicated loan for the Sri Lankan non-banking financial sector so far. “This is the largest facility 

Post-sanction Iran aims to boost bilateral relations with ‘friendly’ Sri Lanka

In a bid to boost trading activities following the removal of sanctions, Iran yesterday stressed its willingness to enhance bilateral relations with “friendly” Sri Lanka. Calling for increased efforts between the two countries

Shares end lower as investors shun risky assets

REUTERS: Sri Lankan shares edged down for a second straight session yesterday, hovering near a 22-month low, as investors preferred low-risk assets in line with global peers and as an interest rate hike last week 

Malaysia and S’pore to offer insight into restructuring SoEs

The Sri Lankan government will be entering into discussions with two of the world’s largest sovereign funds over the next two weeks to strategize the restructuring of the ailing stateowned enterprises (SoEs). 

Govt. to enter 2-month economic restructuring phase: FinMin

The government will be entering a restructuring phase over the next two months to bring in the exchange management legislation and a facility from the International Monetary Fund (IMF), the country’s Finance Minister said. 

January motor vehicle registrations slump

Sri Lanka’s motor car registrations crashed across the board in January amid the new LTV rules on vehicle financing and significantly higher increase in import tariffs.

Bourse bets big on IMF package for recovery

A standby facility with the International Monetary Fund (IMF) could boost the Colombo bourse as such an arrangement would likely to push the state towards divesting...

Lack of rules governing foreign ownership of property would lead to manipulation: expert

The non-publication of any regulations or guidelines allowing foreigners to own land on a freehold basis up to now could allow the system to be manipulated by officials, an expert said.

National consumer prices down 0.7% in January

Sri Lanka’s national inflation measured by National Consumer Price Index (NCPI) has slowed down to -0.7 percent on year-on-year basis mainly due to the higher base of the corresponding period in 2015. 

TMI Solutions moves IVD business to new location

TMI Solutions (Pvt) Ltd, the sole distributor for Nihon Kohden Corporation products in both Sri Lanka and Maldives moved its In Vitro Diagnosis (IVD) operations to a new premise in Rathmalana recently.  The occasion was graced by Yasuhiro Yoshitake, senior board member of the Nihon Kohden Corporation and Eiji Iwasaki, Managing Director for Nihon Kohden Corporation Singapore Regional Head quarters. 

Rodney Koelmeyer receives Special Recognition Award from Israel

Rodney Koelmeyer – Chairman / Managing Director of Superlink Travels received a Special Award in Recognition for his devotion to the State of Israel for over 30 years.   t was presented at a special ceremony held in Tel-Aviv on  February 09th.  

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 in the idyllic Maldives courtesy of Sri Lanka’s favourite department store chain ODEL.

Wallspan to hold Biophilic Architecture and Façade Conference

Wallspan, which has proved to be a competitive force in shaping the building facade industry since its inception, by introducing a range of innovative, high quality, and sustainable cladding solutions to the Sri Lankan building facade market within the last few years, in association with VMZINC, will host the first ever Sri Lankan conference on Biophilic Architecture, its origin and its seamless integration into 21st century buildings and fa&cced

Bobcat partners with Walkers Equipment in Sri Lanka

Walkers Equipment Limited which commenced operation in early 2015 has been appointed as an Authorized Distributor for Bobcat in Sri Lanka. 

Benedictions to hold Maxxis dealer convention, awards night

Benedictions (Pvt.) Ltd, a subsidiary of Tyre House Group, which is the sole agent for Maxxis tyres, organises the eighth annual dealer convention ‘Maxxis T-3 Project 2015 Awards Night’ with 300 dealers on February 27, 2016 at 5:30 p.m. at The Kingsbury Hotel Colombo, under the patronage of Maxxis International President Dr. Wally Y.H. Chen as the chief guest of the ceremony.

Multilac takes top 55 performing dealers to China

Multilac gifted 55 of its top performing dealers with a VIP treatment on an all-expense paid trip to Shanghai, China. 

Iran-Sri Lanka 11th JCEC sessions begin today

The Iranian Energy Minister Hamid Chitchian leading an Iranian delegation arrived in Colombo this week for the 11th Joint Commission for Economic Co-operation (JCEC) sessions that begin today in Colombo.

NDB places Seylan stake under AFS

Theagarajah said NDB’s investment in Seylan Bank PLC was under the bank’s trading portfolio categorized under 

NDB committed to maintain universal banking model

Sri Lanka’s development-oriented commercial bank, National Development Bank PLC (NDB), said it was committed to the universal banking model,

Godakanda Chairman meets India’s Ayurveda College Principal

Godakanda Herbal Private Limited Chairman Dr. Lelwala P. Godakanda met with the Principal of India’s prestigious Government Ayurveda College in Thiruvananthapuram, Dr. P.K. Ashok, during Global Ayurvedic

Royal Ceramics 3Q net up 32% over higher top line

Porcelain and ceramic manufacturer, the Royal Ceramics Lanka PLC group (RCL), increased its net profits by 32 percent to Rs.903.4 million for the quarter ended December 31, 2015 (3Q16) as a result of higher top line, the interim results showed. 

MA’s Kitchen relaunches Curry Paste and Seasoning range

Continuing its proud tradition of supplying Sri Lankans with high-quality, easy and convenient food products, MA’s Tropical Food Processing (Pvt.) Ltd recently announced the relaunch of its MA’s Kitchen signature Curry Paste range.

CTC to get new boss from this March

Ceylon Tobacco Company PLC (CTC), the local unit of British American Tobacco (BAT), has announced the appointment of Michael Koest as the new Managing Director/CEO with the resignation of Felicio Ferraz after a three-year stint in the post.

Unilever Sri Lanka to showcase local talent at Future Leaders’ League in London

Aqeela Najeeb of the University of Colombo, Nevanka Jayatilleke of the Royal Institute of Colombo and Merl Chandana of the University of Moratuwa, earned the honour of representing Sri Lanka at Unilever’s Global Future Leaders’ League in London in March 2016.