Shares end 9-day fall; turnover surges

REUTERS: Sri Lankan shares closed higher yesterday, ending a nine-session losing streak, with turnover rising to an over-three-week high on block deals in Textured Jersey Lanka. However,

Land Rover involves in wildlife conservation through ‘We Care’ programme

Land Rover is proud to announce its involvement in wildlife conservation through the ‘We Care’ programme, which aims to partner with ongoing projects that help to reduce human-animal conflict in Sri Lanka.

Siddhalepa awards Kekulu Preschool Art Competition 2015 winners

With the objective of encouraging children to display their inborn talents and develop their creative capacities, Siddhalepa has been successfully conducting the Kekulu Preschool Art Competition since 2012 islandwide.

Colombo Tea Auction quantities remain steady this week

Quantities at the Colombo Tea Auction remained steady this week with a total of 6.6 M/Kgs coming under the hammer.

Rupee forwards edge up on selling by exporters, banks

REUTERS - Sri Lankan rupee forwards edged up yesterday as dollar selling by exporters and banks surpassed demand from importers for the greenback, currency dealers said. The rupee is, however, 

China to ban foreign firms from “online publishing”

AFP - China is to ban foreign firms from “online publishing” under new rules issued this week, as the country increasingly seeks to minimise Western influence.

Panama taken off money-laundering ‘gray list’: president

AFP - Panama has been taken off an international “gray list” of countries whose lax financial laws are seen as making money-laundering

Tremendous success for Seylan Bank at Edex Expo 2016

Seylan Bank partnered Edex Expo 2016 as the official banker.  Sri Lanka’s largest education exhibition and job fair successfully concluded with a remarkable turnout of more than 46,000 visitors at both BMICH,

AIA social experiment goes viral

In an eye opening social experiment, AIA Insurance made people come face-to-face with their future retirement life. A group of Sri Lankans from varied demographics came together in one interesting exercise to discuss what their realistic retirement would look like. 

Rocket Internet firm everjobs to expand in Sri Lanka

everjobs, a career listings platform, celebrated its first year of operation in Sri Lanka recently. It also announced 

Paramount Packing awarded ISO Certification

Paramount Packing, the pioneer sachet producer in Sri Lanka since 1992,  was awarded the ISO 22000:2005 Certification recently.

ComBank announces of Rs 5 bn debenture issue

The Commercial Bank of Ceylon PLC, Sri Lanka’s largest private bank by assets, market capitalisation and profit after tax, has announced plans to raise Rs 5 billion via a debenture issue with an option to increase

Orient Finance re-enters CSE; Closes marginally higher than offer price

Re-entering the Colombo Stock Exchange (CSE), Orient Finance PLC yesterday saw its shares close at Rs. 15.10, a marginal increase from the offer price of Rs. 15 having reached an all-time high price of Rs. 22.9 during the early hours

Foreign Ministry’s new agency to better integrate Lankan expats with economy

??By Chandeepa Wettasinghe The Foreign Ministry has changed the official terminology for the Diaspora while setting up 

Shares fall for 9th session; further weakening seen

REUTERS- Sri Lankan shares fell for a ninth straight session yesterday to their lowest close in nearly twenty-two months as rising domestic interest rates and global economic worries dented investor sentiment.

eBay to expand footprint with HelloCorp tie-up

??By Chandeepa Wettasinghe Fortune 500 company and global e-commerce giant eBay announced that it will be increasing its footprint in Sri Lanka through a master agreement with local business process outsourcing leader HelloCorp 

Sampath Bank 4Q net up 15% to Rs.1.53 billion over higher loan growth & other incomes

Sri Lanka’s third largest private sector commercial bank, Sampath Bank PLC group with an asset base of over Rs.500 billion saw 

Crowdfunding platform launched to back local start ups

By Chandeepa Wettasinghe CrowdIsland, a crowdfunding platform to support local start ups, was launched yesterday by a consortium of local investors, coincidentally planting seeds to remove the shareholder limit in private limited companies.

The PIM Alumni rewards MDP participants

The PIM Alumni, the Professionals   Association of the Postgraduate Institute of Management , affiliated to the University of Sri Jayewardenepura has been  conducting a pioneering management development program   for over a decade on continuous  basis . 

Sri Lanka’s largest solar power plant by Laugfs takes off ground

Laugfs Power (Pvt) Ltd held the ground breaking ceremony and foundation stone laying for the largest solar power plant in the country, to be set up with an investment of around Rs.5 billion. The 20MW facility at Hambantota will be constructed by international experts deploying European technology.

Nippon Paint unveils ‘Trend Beyond Colors’ 2016/17

Understanding the consistently changing life style patterns and taste, Nippon Paint recently  launched  its second ‘Trend Beyond Colors’ by unveiling nine key colour palettes at the Cinnamon Grand Hotel recently.

Gestetner introduces latest cost-effective document solutions

Premier total document solutions provider, Gestetner of Ceylon PLC, will officially launch the addition of two new products to its portfolio today (19 February).  The launch will be attended by several Ricoh Group principles including Avijit Mukherjee, Senior Manager Strategic Marketing for Ricoh Asia and by Gestetner of Ceylon, Chairman S.J.M. Anzsar who are in the country for the occasion. 

Shares fall to near 22-month low on rising rates

REUTERS: Sri Lankan shares fell for an eight straight session yesterday, marking their lowest close in about 22 months as rising domestic interest rates and global economic worries dampened investor sentiment.

Higher consumption, shedding of non-core operations boost Cargills 3Q

Cargills (Ceylon) PLC posted a net profit of Rs.485.90 million for the quarter ended December 31, 2015 (3Q16)

Dialog 4Q dented by hefty forex translation losses

The country’s largest mobile telecommunications operator – Dialog Axiata PLC (Dialog) group – saw its net profit for the quarter ended December 31, 2015 (4Q15)...

Ranil gives ultimatum to inefficient bureaucrats

Prime Minister Ranil Wickremesinghe has given the bloated public sector a two-week deadline to return to productivity, warning of great consequences.

World Vision-Finnish govt. promote local producers for sustainable tourism in East

The Office of the Finland Roving Ambassador to Sri Lanka signed an agreement recently to continue funding World Vision Lanka’s Local Ecosystem Development for Sustainable Tourism Project in the Batticaloa District.

Kandy to receive new waste water management system under JICA concessionary loan

Waste water treatment plant construction will be commenced in Kandy ceremonially tomorrow with the participation of City Planning and Water Supply Minister Rauff Hakeem, Japan International Cooperation Agency 

Foreign investor participants show interest in key sectors of Lankan economy

Foreign investors taking part in the upcoming ‘Sri Lanka Investment & Business Conclave 2016’ has shown a keen interest to explore diverse areas of business in the country, with the biggest interest going to the areas of infrastructure development, export manufacturing and agriculture.

It is time for South Asia to give to other regions: Prof. Mahadevan

As Asia continues to play an active role in leading global economic growth, world-renowned speaker Prof. B. Mahadevan said it is time for the region to invest in showcasing...