Asiri Hospitals relaunches as ‘Asiri Health’

Celebrating over 30 years of excellence in the healthcare sector in Sri Lanka, Asiri Group of Hospitals relaunched itself as ‘Asiri Health’ at a ceremonial event held in all hospitals of the group.  

Sri Lanka-Thailand Business Council holds AGM

?The Annual General Meeting of the Sri Lanka-Thailand Business Council (SLTBC) was held at the Siam House, Colombo recently.  

Pakistan single country exhibition begins in Colombo this week

The Trade Development Authority of Pakistan (TDAP) along with High Commission of Pakistan in Sri Lanka will host the Pakistan single-country exhibition in Colombo from January 15-17, with an aim to boost bilateral trade between the two countries.

Chile explores potential to make Sri Lanka a hub to enter South Asia

The New Delhi-based Chilean envoy Andres Barbe visited the Ceylon Chamber of Commerce yesterday to explore investment potential in Sri Lanka.

Plantation Industries Minister inspects Coconut Cultivation Board

?Minister of Plantation Industries Navin Dissanayake inspected the Coconut Cultivation Board at Battaramulla, which is under his purview. 

SLIA to hold ‘Architect 2016’ in February

?“Architect 2016 of SLIA” will take place on 16th February  at the BMICH Colombo under the theme “Flows: Touching the Void”. 

Over 300 companies to participate at Jaffna International Trade Expo this month

The Northern region of Sri Lanka will welcome once again for the 7th consecutive year, the Jaffna International Trade Fair (JITF 2016). Considered by the people in the North as the largest exhibition and consumer fair, the event takes place from the 29th – 31st of January in Jaffna.

High-profile EU delegation due next week to discuss GSP Plus

A high-profile mission from the European Union (EU) headquarters in Brussels comprising of officials from the European Commission (EC) and the European External Action Service (EEAS)

Horizon Campus partners with Access Group to invest in high-tech campus

?In the wake of a series of successes achieved last year, Horizon Campus known for its spacious and modern campus in Malabe, plans to ground break for another state of the art Campus which will be a BOI approved project during the year 2016.

Interest galore for Colombo International Finance Centre

?Finance Minister Ravi Karunanayake says over 50 local and foreign financial institutions have expressed their desire to link up with the Colombo International Finance Centre (CIFC)...

Sri Lanka turns to mystery investor in bid to defend rupee

RUETERS: An unidentified investor has promised to park US $ 1 billion in dollar deposits in Sri Lanka to help the island nation defend its currency, the Finance Minister told Reuters, in an unusual move that highlights the country’s precarious finances.

Softlogic group hospital firms settle IFC loan

Three Softlogic group companies yesterday said they settled a US $ 20 million loan that was taken from the International Finance Corporation (IFC) in 2010.

Sri Lanka sells US $ 75mn in development bonds

Sri Lanka yesterday opened bidding for a development bond issue worth US $ 75 million, the Public Debt Department of the Central Bank said in a notice.

Harvard alumni engage PM on entrepreneurship and brain gain

At the youth session of the Sri Lanka Economic Forum held last Friday, timely and mindful exchanges took place between the panel and two Harvard alumni on the areas of local entrepreneurial support and brain gain.

Prof. Mahadevan to conduct CA Sri Lanka leadership programme

?World-renowned speaker Prof. B. Mahadevan will be in Sri Lanka in February on the invitation of the CA Sri Lanka Business School to conduct a one-day programme on ‘Spirituality & Inspirational Leadership.’ 

Ceylon Chamber Import Section ‘Single Window System’ forum tomorrow

?The Import Section of the Ceylon Chamber of Commerce together with Sri Lanka Customs will hold a forum tomorrow (January 13, 2016) to create industry level awareness about the newly launched ‘SL Custom’s Single Window System’.

Pakistan mega trade exhibition, B2B meetings to kick off on Jan. 15

?The Trade Development Authority of Pakistan (TDAP) in collaboration with the High Commission of Pakistan, Colombo will hold a mega single country exhibition from January 15 to 17, 2016, at the BMICH Colombo.

Ceyoka Engineering lights Colombo Port’s East Container Terminal Yard

?With a reputation for excellence and strong adherence to world class standards, Ceyoka (Pvt) Ltd has firmly established itself as a pioneer and market leader in diversified sectors.

Flexiprint wins Presidential Export Awards for 4th consecutive year

Flexiprint – the leader in manufacturing, marketing and supplying finely printed tea bag tags, envelopes and tagged pyramid mesh to the tea industry – was awarded the Presidential Award for Exports..

Thermo Plastics wins Gold Flame Award at Sri Lanka National Energy Efficiency Awards

?Thermo Plastics (Pvt) Ltd., a pioneer in flexible packaging in the apparel industry was recently recognized by the Sri Lanka Sustainable Energy Authority (SLSEA)

Metropolitan facilitates Asian photo expert’s meeting

?Teoh Peng Kee, a renowned Asian photography expert was in Colombo recently on the invitation of Metropolitan Photohub the exclusive Distributor for Canon cameras to share his vast experience and knowledge on EOS photography, during a series of workshops organized by the company.

Aitken Spence Printing brings Sri Lanka’s first carbon neutral 6-colour offset press

?Aitken Spence Printing recently installed the Heidelberg XL 75, the first CO2 free printing press in Sri Lanka, strengthening its position as the leading sustainable printing and packaging services provider in the region. 

Soros meets FinMin

?International investor George Soros met Finance Minister Ravi Karunanayake during ‘Sri Lanka Economic Forum 2016’ at Cinnamon Grand Hotel last week 

NCE AGM, anniversary celebrations on Jan. 14

?The Annual General Meeting (AGM) of the National Chamber of Exporters (NCE) to elect the office bearers and council members for the year 2016 and to fulfil other statutory obligations will be held on January 14, 2016, at Galadari Hotel Colombo.

CCC launches ‘Sri Lanka in Brief’ latest edition

?The Business Information Division of the Ceylon Chamber of Commerce (CCC) has launched the 29th edition of its booklet ‘Sri Lanka in Brief 2015’, a handy reference guide on Sri Lanka, which can be used by interested parties, such as foreign investors.

UK CFA poll rates Lankan stocks expensive

Sri Lanka’s stock market is ranked among the most expensive stock exchanges in the world, as its valuations suggest that its traded stocks are over-valued, a perception similar to that of developed market equities, a poll conducted by United Kingdom’s Chartered Financial Analyst (CFA) Society showed.

Bank lending rates seen rising 1.5-2.0%

?In response to the Central Bank’s monetary policy decision to increase the Statutory Reserve Ratio (SRR) on commercial banks, Sri Lanka’s bank lending rates are seeing an increase of 150 to 200 basis points (bhp), banking sector analysts claim. 

SEC directs broker to restrain agent from offering investment advice

?Securities and Exchange Commission (SEC) has directed stockbroker TKS Securities to bar its agent Investor Eye (Pvt) Ltd alias ‘Ayojana Guru’ from offering investment advice to the public with immediate effect. 

Capital market regulator to procure new surveillance system

?Sri Lanka’s capital market regulator, Securities and Exchange Commission (SEC) is currently looking at procuring a state-of-the-art market surveillance system, a top official said.

S.R. Metals wins Presidential Export Award

S.R. Metals won the Presidential Export Award (2010-2013) under the Best Exporter of the Base Metal Product Sector  recently.