ADMO Solar receives Gold for Green Mark Certification

ADMO Solar, Sri Lanka’s premier Solar Energy Solutions provider reached new heights as the only company in the solar energy industry in Sri Lanka to be awarded the ‘Green Mark Certification-Gold Award’ presented by the Ceylon Institute of Builders

Godfather of modern cooking Marco White at Cinnamon Grand

Marco Pierre White, the ‘Godfather of modern cooking’ and celebrated restauranteur arrived at Cinnamon Grand last afternoon and was given a warm welcome by the Cinnamon Grand team as he begins his 12-day tour in Sri Lanka. 

Colombo hosts Ogilvy Public Relations annual leaders conference

?Colombo played host to over 70 worldwide leaders from internationally renowned agency Ogilvy Public Relations this week. 

JITF to feature higher education exhibition

?The Jaffna International Trade Fair (JITF), the most comprehensive multi-product exhibition in the North, will feature a specialized ‘higher education and career guidance’ pavilion, during the three days of this mega trade and consumer show.

Barista takes great coffee to Unawatuna

Colombo’s favourite coffee house chain Barista Lavazza which has been on a recent drive to bring its unique brand of coffee and exceptional service to islanders across the nation, recently opened its latest outlet in the tourist hotspot of Unawatuna.

PayMedia selected for the global connector programme

?MIT’s Global Startup Labs (GSL) and Singapore Campus for Research Excellence and Technological Enterprise (CREATE) are joining forces to offer the Global Connector Program (GCP) to alumni of MIT GSL’s incubator programs. 

Port City Project – Minimal impact on granite resources in Western Province

In a detailed study in the recently released Supplementary Environmental Impact Assessment (SEIA) report of the Port City Project, it is revealed that when considering the quarry material requirement for the Port City...

Union Assurance shines at 51st ICASL Annual Report Awards

?The Institute of Chartered Accountants of Sri Lanka (ICASL) recently concluded its Annual Report Awards Ceremony, with award winners being recognised for financial and non-financial reporting excellence.

JLanka partners workshop on photovoltaic

?With the intent of promoting solar energy use in the country, JLanka Technologies has partnered the iconic 5th installment of the workshop on photovoltaic. The seminar will address the need, science and applications of photovoltaic technology. 

Unilever Challenge finalists announced

?Unilever Sri Lanka recently selected four undergraduate teams as finalists for the Unilever Challenge, a unique competition for undergraduate students which allows them to work with world renowned brands and experience brand management as a career. 

OCBT Campus offers Biz Mgt and & Interior Design courses

?OCBT Campus, The University for Innovative Business and Technologies in Asia, is part of an international collaboration with links to a wide range of reputable Universities, Colleges in the UK, USA, India, Sri Lanka and Australia. 

DSI introduces ‘Inc.5’ to local market

?DSI starts the New Year with a bang by introducing yet another new brand to the footwear market of Sri Lanka. 

Seylan connects migrant employees and their loved ones

Inward remittances have steadfastly been the premier foreign exchange earner of Sri Lankan economy. With a large expatriate workforce employed in countries such as Saudi Arabia

SLID promotes director development

Disagreements in the boardroom are unavoidable. Especially when the board has independent-minded, skilled and outspoken directors, each contributing expertise and talent that is relevant for the future of the company.

Pakistan Single Country Exhibition showcases best in manufacturing

Pakistan Commerce Minister? Khurram Dastgir Khan, Development Strategies and International Trade Minister Malik Samarawickrama and Industry and Commerce Minister Rishad Bathiudeen...

FinMin calls banks to support local companies going international

Sri Lankan banks should extend financial assistance to local companies setting up operations in foreign countries, Finance Minister Ravi Karunanayake said during the launch of Sri Lanka’s Sanken group’s Amari Havodda resort in the Maldives.

Master plan, proposed Secretariat will rescue crisis-hit rubber industry: Minister

The Rubber Master Plan to be initiated in March and the proposed Rubber Secretariat would not only salvage the industry which is currently facing many obstacles but would also make it prosperous, Plantation Industries Minister Navin Dissanayake noted.

Exim bank cannot be rushed : Eran

?Despite the Budget 2016 proposing to set up an Export-import bank (Exim) as early as April 01, 2016, the Deputy Minister for State Enterprise Development, Eran Wickramaratne said Sri Lanka could not afford to rush in establishing such an institution, which demanded massive capital requirement. 

SL–Pak eye US $ 1bn annual trade turnover by 2019

?In a bid to further strengthen economic ties, Sri Lanka and Pakistan are in the midst of paving the way to boost the annual trade turnover and aim to reach an ambitious target of US $ 1 billion by 2019.

Sampur coal power plant on track; prolonged land issues cleared

The second coal-power plant in Sampur, which will add 500 megawatts to the national grid is on track as India’s National Thermal Power Corporation (NTPC) is currently working with Sri Lanka’s Ceylon Electricity Board (CEB) on the project, an Indian envoy in Sri Lanka said.  

CCC to host ‘International Investor Forum’ in Colombo in March

?The Ceylon Chamber of Commerce, the country’s premier business Chamber is planning to hold an International Investor Forum during March 2016, in order to help the country attract much needed Foreign Direct Investments to drive growth.

World’s largest container carrier Maersk mulls Lankan entry

The world’s largest container carrier Maersk Line is looking to invest in a container facility in Sri Lanka, Danish Ambassador for Sri Lanka Taksøe-Jensen said during a meeting with Industry and Commerce Minister Rishad Bathiudeen. 

Customs aims to reach Rs.1tn revenue with ‘Single Window’ system

Sri Lanka Customs yesterday said it aimed to reach an ambitious revenue target of Rs.1 trillion for this year having launched the Single Window system earlier this month.

Fitch rates ComBank’s subordinated debentures final ‘AA-(lka)’

?Fitch Ratings Lanka has assigned Commercial Bank of Ceylon PLC’s (AA(lka)/Stable) proposed Basel II-compliant subordinated debentures of up to Rs.7 billion a final national long-term rating of ‘AA-(lka)’.

Shares recover from 18-month low on bargain hunting

?REUTERS: Sri Lankan share index recovered yesterday after hitting over 18-month lows in the previous session, as investors picked up battered banking and telecommunications shares, brokers said.

Govt. backtracks on VAT, NBT revisions in Budget 2016

The amendments proposed to the Value-Added Tax (VAT) and Nation Building Tax (NBT) proposed in Budget 2016 would not be implemented until the relevant legislative enactments are passed by Parliament, Finance Ministry yesterday said in a statement.  

SLID, EU, IFC help Mannar, Vavuniya small businesses

International Finance Corporation (IFC), a member of the World Bank Group, in partnership with the Sri Lanka Institute of Directors (SLID) recently rolled out a programme to promote improved corporate and ethical business practices for small businesses in the Mannar and Vavuniya Districts.

Indian Foreign Secretary meets Malik

Indian Foreign Secretary Subramaniam Jaishankar was on a visit to Sri Lanka. The main purpose of his visit was to pave the way for the India-Sri Lanka Joint Commission meeting, which would be held in Colombo next month. Jaishankar met Development Strategies and International Trade Minister Malik 

‘K’ Line’s newest car carrier makes maiden visit to H’tota Port

‘K’ Line’s newest car carrier M/V Hyperion Highway called at the Magampura Mahinda Rajapaksa Port (MRMRP) in Hambantota on January 12, 2016. The vessel discharged 523 motor vehicles imported from Japan.

Access Engineering secures another work package in ITC Colombo One Project

Access Engineering PLC has secured another work package in ITC Colombo One Project from ITC Limited; one of the largest diversified conglomerates in India, and the company is developing an iconic luxury hotel and residence project in Colombo named, ITC  Colombo One.