Market Research Society elects new committee

?At the third Annual General Meeting of the Market Research Society of Sri Lanka (MRSSL) held recently, former MRSSL Secretary Himalee Madurasinghe was elected as the new President, succeeding Ravi Bamunusinghe, whose term as President ended after three years of valuable contributions. 

Omani Chamber says keen to invest in ‘big’ Lankan projects

?Omani Chamber of Commerce and Industry Chairman Said Saleh Said Al Kiyumi, who visited the Ceylon Chamber of Commerce during this week, said Oman was ready to look at ‘big’ Sri Lankan projects to invest.

Ceylon Chamber launches dedicated website to promote international investor forum

?The Ceylon Chamber of Commerce has launched a dedicated website to promote its upcoming event - Sri Lanka Investment & Business Conclave 2016 - which is to be held in March 2016.

Jaffna International Trade Fair 2016 opens today

?Today, the largest exhibition and consumer fair - Jaffna International Trade Fair (JITF) 2016 - opens for the seventh consecutive time at the Municipal Grounds, Jaffna.

Sunquick ‘Drink & Win’ promo to offer 100 Sisil refrigerators

Sri Lanka’s premier and number one fruit juice brand ‘Sunquick’ has once again commenced its annual consumer promotion, Sunquick ‘Drink & Win’, from January onwards. This mega promotion commenced on January

Access Engineering’s Kapparatota jetty construction in swift progress

The design and construction of Kapparatota jetty undertaken by Access Engineering PLC has been gaining momentum. The project will bring significant benefits to the local fishing industry with the increased anchoring facilities for 

DIMO-SLARDAR partner to bring Jeep Rally Championship 2016

Bringing to light a significant sporting feat in the form of the ‘Jeep Wrangler’ TSD Rally Championship 2016 to Sri Lanka’s motor sports calendar, the Sri Lanka Association of Racing Drivers and Riders 

Jinasena marks 110th anniversary

Jinasena (Pvt.) Ltd recently had a ‘110th Anniversary Bonanza Draw’ to celebrate its 110 years. Director Ruvani Jinas ena, Deputy Chairman Nishan Jinasena and Yasiru of Western Province

Textured Jersey launches ‘Glacé’ collection

Textured Jersey (TJL) recently launched its second seasonal annual collection at a grand event that brought together some of its key customers. Designers and fabric technologists from some of the leading vendors were gathered to view 

Finco Engineering opens latest branch in Kaduwela

Finco Engineering, pioneers in Sri Lanka for waterproofing and market leader for multidimensional engineering and construction chemical products and solutions, with more than 30 years of experience, recently opened its doors in Kaduwela.

Global stationery giant Plus launches in Sri Lanka with Thef:;llstop

Japan’s Plus Corporation, one of the world’s leading stationery suppliers, made its Sri Lanka debut with a collection of innovative products led by its universally popular correction tape, which, at 83 million pieces in 2015,

OPA says no to ETCA affecting professionals

The Organisation of Professional Associations of Sri Lanka (OPA) has expressed its concerns over the proposed Economic and Technology Co-operation Agreement (ETCA) with India. “The OPA, as the apex body of professionals in the country,

Lasantha Wickremasinghe inducted as 23rd CA Sri Lanka President

Chartered Accountant, Lasantha Wickremasinghe was inducted as the 23rd President of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) on January 26, 2016 in the presence of a distinguished audience including senior government officials,

Currency depreciation, higher import costs hinder Lanka Ashok Leyland bottom line

Lanka Ashok Leyland recorded a top line of Rs.7.4 billion, a 27 percent increase over the Rs.5.8 billion recorded for the same period last year. The third quarter recorded a turnover of Rs.2.7 billion.

Over US $ 1.5bn required to resurrect ailing Lankan rail network: Ircon

Investments exceeding US $ 1.5 billion would be required to resurrect Sri Lanka’s ailing railway network, according to a top official of Indian government’s rail construction subsidiary Ircon International Limited. 

SRR hike could eat into banking sector margins: research

?The banking sector margins and the profits could come under pressure due to the increase in the reserve requirement by the Central Bank, which came into effect from January 16, a research by a Colombo-based stock brokerage said. 

Chevron Lubricants 4Q profits up despite higher tax expenses

?Chevron Lubricants Lanka PLC, the local unit of US-based multinational, saw its December quarter (4Q15) net profit increasing 28 percent year-on-year (YoY) to Rs.713.3 million, the interim financial accounts released to the Colombo bourse showed.

Mini-hydropower producers get all-time high tariffs from CEB

?The Ceylon Electricity Board (CEB) has decided to offer by far the highest supplier tariff for mini-hydropower producers for a unit of energy purchased for 2016 with retrospective effect from 2015, according to a research arm of a stock brokerage. 

Tea industry brews lowest output in three years

Sri Lanka’s 2015 tea production declined to a three-year low of 328.96 million kilogrammes (Mkg). Statistics released by the Sri Lanka Tea Board (SLTB) 

Fonterra Brands Lanka on massive expansion mode

?The global dairy industry leader’s local subsidiary Fonterra Brands Sri Lanka will be opening a Rs.117 million demonstration and training farm in Pannala next month. “As we move forward, we see opportunities to increase our commitments here.

Treasury likely to miss revenue targets from vehicle imports

The Treasury is likely to miss its highly optimistic revenue collection target from motor vehicle imports due to a myriad of issues, an economist and the head of a Colombo-based brokerage and research house pointed out. 

Selling at JKH; EPF suspected

?It was in the grapevine yesterday that the state-controlled private sector pension fund, the Employees’ Provident Fund (EPF), had been selling top blue-chip John Keells Holdings PLC (JKH) shares, dragging the share price as well as the entire market down. 

Aitken Spence to buy hotel in Oman

?Leading blue-chip conglomerate Aitken Spence is in the green to purchase Al Falaj Hotel in Oman, which it had managed up to now, for 14 million Omani rials, foreign news reports said. 

Towards sustainable wildlife tourism

?Sri Lanka Tourism took the first step in addressing one of the tourism industry’s major concerns and its impact on wildlife tourism by hosting a lecture on the theme “CITES and wildlife trade – What CITES does and how it links to wildlife tourism” at The Galle Face Hotel on Monday (25) evening.

Millennium Housing unveils “The Heights” today

The ground breaking ceremony of the naugural high rise project of Millennium Housing Developers PLC, ‘The Heights,’ will take place today at 9.10 am at the site. 

CIMA corporate partners launch 2016 today

?CIMA, the Chartered Institute of Management Accountants will launch its 10th Corporate Partners Programme under the theme ‘Pioneering the Beat of National Change’ on 27 January at the Atrium Lobby, Cinnamon Grand.  

Ceylon Chamber seminar on biomass energy

?Ceylon Chamber of Commerce, the country’s premier business chamber will conduct a seminar on Sustainable Biomass Energy Production and Modern Bio Technologies in a bid to help the government’s drive towards increasing the production of biomass based energy sources in the Island.

His Ministry to restructure rather than run public enterprises, Kabir Hashim tells OBG

?The culture in Sri Lanka around public sector service delivery was one of several issues discussed in a recent interview that the Public Enterprise Development Minister Kabir Hashim gave to the global research, publishing and consultancy firm Oxford Business Group (OBG).

Nolimit unveils ‘Pink Elephant’ brand

?Nolimit, ‘the choice of every Sri Lankan’ and the country’s biggest fashion chain, launched its new brand - Pink Elephant -  which embodies Sri Lankan identity and tradition with a collection of fashion clothing, accessories, footwear, homeware, stationery and souvenirs. 

Maliban launches ‘Melko’ full cream milk brand

?Maliban Milk Products (Pvt.) Ltd has launched the much-awaited full cream milk powder brand Maliban Melko for the Sri Lankan consumer.