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.

Colombo-Myanmar trans-shipment operators to benefit from 10% discount

The Sri Lanka Ports Authority (SLPA) is to offer a 10 percent discount to shipping companies that carry out trans-shipment cargo operations in the Colombo Port headed for Myanmar, a Ports and Shipping Ministry statement said. 

Cherubium introduces ‘Marina Spread Batta’

As a wholly Sri Lankan company which has over the past 35 years cherished our indigenous culture and national identity, Cherubium Lanka introduced ‘Marina  Spread Batta’, its newest product to the local market recently.

Lanka IOC December quarter net up 45% over lower crude prices

The local unit of Indian Oil Corporation Limited, Lanka IOC PLC, saw its December quarter (3Q16) net profit rising 44.6 percent year-on-year (YoY) to Rs.882.4 million.

Shippers’ Council says ‘no’ to additional fee under new IMO rules

The local shipping community has welcomed the International Maritime Association’s (IMO) new container weight rule but stressed it 

New regulation won’t upset existing system: official

While Sri Lanka is gearing up to accommodate the new container weight rule under SOLAS, a top government authority assured it

First Young Global Leaders event in Sri Lanka

For the first time in Sri Lanka, Young Global Leaders event of the World Economic Forum was held from February 16-18, 2016.

Maruti Suzuki says suspended production in North India amid protests

REUTERS: Maruti Suzuki India Ltd, India’s biggest carmaker by sales, said it had suspended operations at its Northern autoplants after protests disrupted the supply of some components. In a statement posted on its website, Maruti Suzuki said it had stopped manufacturing at the Manesar and Gurgaon plants on Saturday. The factories produce a combined 5,000 vehicles daily.

Belgian investors meet Int’l Trade State Minister

Top Belgian investors have expressed interest in the investment-friendly climate now existing in Sri Lanka Belgium’s Minister of Foreign Affairs, Trade and International Development Pieter De Crem has conveyed investor interest, when he met International Trade State Minister Sujeewa Senasinghe at the Ministry office in Colombo.

EY global head ignites entrepreneurship among Lankan family biz leaders

E&Y Sri Lanka was proud to host Peter Englisch, the Head of the EY Family Business Centre of Excellence, from January 17 to 22, 2016, in Sri Lanka. 

SL tightens monetary policy to cool down overheating economy

The Central Bank tightened Sri Lanka’s monetary policy by raising its key policy rates by 50 basis points last Friday in a bid to cool down an overheating economy as the excessive credit growth was seen fuelling demand-driven inflationary pressures.

Sri Lanka among most protected countries in the world: WB

By Chandeepa Wettasinghe World Bank recently classified Sri Lanka as one of the most protected economies in the world, indicating how far Sri Lanka would have to travel to reach its ambitions of becoming regional hubs across  various industries.

CTC 4Q net slips 8% to Rs.1.8bn over lower top line and higher expenses

The local unit of British American Tobacco PLC, Ceylon Tobacco Company PLC (CTC), which has a monopoly in cigarette products in Sri Lanka saw its December quarter (4Q15) net profit slipping 7.7 percent year-on-year (yoy) to Rs. 1.8 billion amid a slowdown in revenue and higher operating costs, the interim financials showed. 

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

Porcelain and ceramic manufacturer, 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. 

We should learn lessons from Turkey’s economic success: Minister

Sri Lanka can learn lessons from Turkey when improving and stabilizing its economy, as Turkey has proven that it can stand unaffected by global economic crises, Public Enterprise Development Minister Kabir Hashim said. 

Sri Lanka’s first fully integrated security service ‘Vigilant Premium’ launched

Marking a milestone in the country’s security industry, Vigilant Security unveiled the country’s first ever fully integrated security service. Branded as ‘Vigilant Premium’, the service combines highly trained security officers, distinctly marked security patrol vehicles and a surfeit of security technology integrated solutions to assure absolute protection.  

Fashion Bug clinches Gold for 3rd consecutive year

Fashion Bug, one of Sri Lanka’s leading retail clothing chain with over 16 outlets island-wide, was awarded Gold for being the ‘Best Key Account Partner’ at the recent Annual Sales Conference of Triumph International, the iconic global leader in manufacture and marketing of lingerie and  shape-wear.