Access Engineering progresses in Henamulla urban regeneration project

?The urban regeneration project, a solution for the relocation of underserved and derelict community settlements scattered across Colombo launched the second phase of the relocation project at Henamulla, in August 2014.

CBSL issues Rs. 500 coin to mark CMC’s 150th anniversary

?The Central Bank of Sri Lanka (CBSL) has issued a special silver uncirculated commemorative coin with a face value of Rs.500 to mark the 150th anniversary of Colombo Municipal Council in recognition of its service to the country.

Private sector requested to light up for Xmas

?Tourism and Christian Affairs Ministry requests all companies to light up their buildings during this week to create a Sri Lankan sense of celebration and spread the spirit of the season.

StanChart cuts forecasts on Sri Lanka over revised data, slower growth

?Standard Chartered (StanChart) has made a significant downward shift on its growth estimates for Sri Lanka, based on the revisions to GDP calculation and tepid growth.

CSE nod for Sanasa Bank debt listing

?Colombo Stock Exchange has given its consent in principle to list debt instruments of Sanasa Development Bank PLC amounting to Rs.4 billion.

Top bankers in ME on biz mission

?In an effort to encourage investors in the Middle East to set up businesses in Sri Lanka, top heads of the country’s banking sector had been on a short visit to the Kingdom of Saudi Arabiya (KSA), Mirror Business learns. 

Korean investors tell SL to improve investment climate

As Sri Lanka is currently exploring the possibility of entering into a preferential trade agreement with Korea, Korean investors and officials are of the opinion that the current operating climate in Sri Lanka is not conducive enough for them to enter the country. 

Access Engineering progresses in canal bank protection works of St Sebastian South canal

Access Engineering PLC, the leading engineering enterprise in Sri Lanka is making a swift progress in the canal bank revetment works in St. Sebastian South Canal, under the Metro Colombo Urban Development Project.

No Fat No Sugar Star Gold Pasta enters local market

In order to meet the demand for health conscious products among Sri Lankan consumers, R.G. Brothers & Co. has introduced a No Fat No Sugar Star Gold Pasta to the market. 

Noritake ends 2015 on winning note

?Noritake Lanka Porcelain Pvt Ltd (NLPL) ends 2015 on a winning note with several awards to its credit. 

Cotton Collection opens plus size store in Flower Road

?Cotton Collection, Sri Lanka’s premier fashion chain, recently opened a new plus size store focusing on plus-sized clothing to fill an important void in the local fashion and retail industry. 

One thousand Milo cycles paint the streets green at Cycle Parade

Milo, the nourishing energy beverage brand in Sri Lanka, painted the streets of Colombo in its vibrant shades of green with a mega Milo Cycle Parade, bringing the ‘Mom, Me and My Milo’ campaign to a grand finalé. 

Top economist says causes for SL’s dismal exports performance “domestic”

Sri Lanka’s export performance continues to remain grim largely due to internal issues and not because of problems with preferential trade agreements the country has entered in to, a top economist in the country said. 

Prof. Sally urges need for right economic team

?Highly respected economist Prof. Razeen Sally recently said it was imperative to have the right economic team that shares Prime Minister Ranil Wickremesinghe’s vision in reforming and building the Sri Lanka’s economy. 

NCPI’s November inflation at 4.8%

?Sri Lanka’s inflation for the month of November as measured by the National Consumer Price Index (NCPI) stood at 4.8 percent accelerating from 3 percent in October, the Census and Statistics Department said. 

Eastern Province to set up own tourism development authority

?As Eastern Province has failed to receive due recognition and focus as a tourism hotspot, the Eastern Provincial Council Chief Ministry announced it was gearing up to establish its very own tourism development authority.

Billionaire James Packer resigns as Crown director

?BBC: Australian casino operator and billionaire James Packer has announced his resignation as director of Crown Resorts Limited. The move follows his resignation as chairman in August and has added fuel to speculation he wants to buy out Crown and take it private.

Tea outlook for 2016 volatile: brokerage

?Projecting a possible market outlook for Ceylon tea in 2016 would have a strong element of “crystal ball gazing” due to turmoil in Sri Lanka’s key export markets and their drastic currency depreciations, commodities brokers Forbes and Walker said.

Lalith De Silva appointed Presidential Media Director

Media veteran A.B. Lalith De Silva was appointed as Presidential Media Director (International Affairs) recently.

CPC’s eco cycle to implement energy, water and waste mgt system: Report

According the recently released Supplementary Environmental Impact Assessment (SEIA) report, Colombo Port City (CPC), upon completion of reclamation works, 

German govt. promotes university-business linkage system in Sri Lanka

The German government has assisted the Sri Lankan Government in many facets in developing the SME sector in Sri Lanka and one such intervention is the University Business Linkage (UBL) Programme executed under the patronage of the University...

NEDA and ILO launch web portal, online one-stop-shop for young entrepreneurs

?The doors for the Lankan youthto move towards a much needed entrepreneurial culture opened yesterday when the national SME giant launched a pioneering initiative aimed at the youth of the country in partnership with International Labour Organization (ILO). 

BOI attracts FDI deals worth US $ 1.6bn in year 2015

As a result of the introduction of new procedures aimed at improving facilitation, the Board of Investments (BOI) has succeeded in attracting a number of important projects in key sectors of investment to the tune of US $ 1.6 billion in value, the country’s apex investment promotion body said. 

Velona Cuddles clinches 2015 SLIM Most Innovative Brand Award

?Velona Cuddles has been named the ‘Most Innovative Brand of the Year’ at the 2015 SLIM Brand Excellence Awards for its functionally advanced product and unconventional market penetration and development strategies to face fierce international and local competition.

Sri Lanka’s only Christmas magazine ‘Noel’ out for the season

?Pioneering advertising agency Holmes Pollard & Stott (HP&S) celebrates its 25th anniversary this year. The agency that conceptualized and published Sri Lanka’s first Christmas magazine ‘Noel’ recently released the 14th edition of the popular publication.

Orofini opens newest jewellery store in Colombo

?Orofini Jewellery, the fine jewellery chain, opened its third flagship store in Sri Lanka at No: 465, Galle Road, Colombo 3 last week.

Somapala & Company marks 65-year journey

?With its humble beginnings in Matara going as far back as 1950, Somapala & Company commenced a journey in the importation and distribution of motor spare parts from the UK ...

D. Samson & Sons opens 210th showroom in Kiribathgoda

?Beginning from November 28, 2015, No: 76/A, Kandy Road, Kiribathgoda has become the location of D. Samson & Sons (Pvt.) Ltd’s brand-new showroom. This is the 210th showroom in the DSI retail network. 

Skill drain continues to threaten struggling Eastern province

Eastern Province Chief Minister recently stressed the need to create employment opportunities through the setting up of industries to prevent an increasing outflow of skilled and unskilled workers from the province. 

Novel move to attract online-savvy to entrepreneurship

?The first ever national initiative to push Sri Lanka’s Facebook generation to the spirit of entrepreneurship will be unveiled tomorrow in Colombo.