CINEC VP addresses 29th National Maritime Convention in India

?Colombo International Nautical and Engineering College (CINEC) Vice President (VP) Capt. Nalaka Jayakody represented as the key speaker of the 29th National Convention of Marine Engineers and National Seminar held in Pune, India recently.

Ircon assures Sri Lanka Railways support for track infrastructure development

Ircon International Limited after the successful completion of the 265 kilometre reconstructed rail network in the Northern Province of Sri Lanka, is looking to expand its footprint in Sri Lanka and assures the government ...

SAPPTA calls govt. to give due emphasis on pepper

The apex industry body for spices in the country has urged the government to give due emphasis to pepper, just as for cinnamon, and take effective measures that would help double production in the short term.

Decades of system damage making tax reforms near impossible: IMF

Tax reforms in Sri Lanka will be very hard to achieve, as decades of damage have pushed the system almost beyond repair, the International Monetary Fund (IMF) Resident Representative told a recent forum in Colombo. 

UNP’s bitter past experiences seem haunting new govt.’s policy direction

?The contradictions and the lack of a stronger policy direction in the budget may be due to United National Party (UNP) affiliated think tanks being afraid of a repeat performance of 2004.

Research house gives gloomy outlook for economy in 2016

Hot on the heels of the International Monetary Fund (IMF) warning over an uncertain Sri Lankan economy with its risks largely tilted towards downside...

Capital Trust Residencies launches luxury apartments

Entering into the financial services industry as a stock broking firm in 1991, today, Capital Trust Group of Companies has expanded into many areas of businesses including margin trading, 

Astoria construction on target to complete by 2017

Sri Lanka’s newest super-luxury condominium project, the Astoria, is well on target to reach completion by 2017 with construction already having crossed the third floor according to developers, AVIC International. 

Elephant House hot dogs now at your door step

?The legendary story of the well renowned celebrity Elephant House Hot Dog is built upon an extraordinary sausage and irresistible sauce that makes their patrons hyper and indulging when they even think of it. 

Samson Rubber Products bags Silver award

?Samson Rubber Products (Pvt) Ltd., a subsidiary of DSI Samson Group clinched the Silver Award (Runner – Up) for the Manufacturing Non Traditional  Sector at the National Business Excellence Awards 2015 (NBEA 2015 ) at Hilton Colombo organized by the NCCSL recently. 

EAGLE LOGISTICS OPENS SRI LANKA’S FIRST HBL CENTER IN FORT

Supply chain logistics company Eagle Logistics Colombo opens 01st HBL centre in Fort last Friday. Eagle Logistics will be the first logistics company to open an office only for Delivery Orders in Colombo. 

Ananda Sirisena & Company successfully incorporates over 250 companies

Ananda Sirisena & Company, a registered corporate secretaries and incorporator recently concluded successfully incorporating its 250th company in to the local business fraternity.

Pelwatte Dairy brings fresh Sri Lankan goodness this holiday season

Pelwatte Dairy Industries Ltd, a leding manufacturer of locally produced dairy products is all set to offer discerning consumers fresh Sri Lankan goodness this holiday season.

SAPPTA urges govt. to do away with export cess

The apex industry body for spices yesterday commended the government for its move to eliminate export cess, but expressed fresh concerns on tax likely being re-imposed given that the proposed national budget has undergone a number of changes since its announcement.

Cuba economy boosted by eased US sanctions: Moody’s

AFP - Moody’s raised its forecast for Cuban economic growth Thursday, saying the Caribbean island is benefitting from the loosened US embargo and a surge 

Pathfinder Foundation launches Centre for Indo-Lanka Initiatives with ‘Colombo Dialogue’

The High Commissioner of India to Sri Lanka, Y. K. Sinha declared open the Pathfinder Foundation’s Centre for Indo-Lanka Initiatives (CILI) recently at the Head Office of the 

Rupee down on stock-related dollar demand; shares rise

REUTERS - The Sri Lankan rupee was slightly weaker in morning trade yesterday as dollar demand due to stocks-related foreign fund outflow and from importers outpaced selling of the greenback by exporters, dealers said.

The Bath Store launches safety revolution with Grip Antislip

Leading bathroom supplies provider, The Bath Store, is set to revolutionize home and hotel safety with the launch of Grip Antislip, an internationally acclaimed coating product guaranteed to improve traction on wet or slippery surfaces. 

Billionaire head of China’s Fosun group ‘vanishes’

AFP - The billionaire chairman of one of China’s biggest private-sector conglomerates, Club Med owner Fosun, has disappeared from public and is being questioned over a corruption inquiry, reports said, as shares in the group’s companies were suspended yesterday.

Cars driving the rebalancing of Chinese economy: IEA

AFP - Chinese consumers are getting behind the wheel more, spurring a heady increase in petrol demand, a sign that consumer spending is helping the slowing Chinese powerhouse achieve a soft landing, the IEA said yesterday.

Oil extends losses in Asia on strong OPEC output

AFP - Oil tumbled to fresh multi-year lows in Asia yesterday after OPEC said output had surged, exacerbating concerns over a supply glut that is expected to persist beyond next year.

CIMA-LMD hold 100 Awards Ceremony

CIMA Sri Lanka, known for its contributions to the business field, collaborated with the country’s most prestigious magazine Lanka Monthly Digest (LMD) to recognise the contributions of Sri Lanka’s Most Influential Companies at a gala awards ceremony recently.

National Chamber of Exporters thanks media

The National Chamber of Exporters (NCE) felicitated the representatives of media organisations at an event held recently to express the appreciation of the chamber for the support extended to the chamber during the

First-ever Mercedes-Benz Fashion & Apparel Awards Sri Lanka concludes on high note

The first edition of the Mercedes-Benz Fashion & Apparel Awards Sri Lanka concluded on a high note with a dazzling night that awarded 10 proud winners.  This prestigious event that marked the pinnacle of Sri Lankan fashion recognised and celebrated the

Asanga presents ‘Towards A Better World Order’ to President

Asanga Abeyagoonasekera presented his book ‘Towards A Better World Order’ to President Maithripala Sirisena recently.  The book was launched by late Most Ven. Maduluwawe Sobitha Thera along with Prof. Carlo Fonseka and Prof. Vini Vitharana. 

Tokyo Cement recognised once again in LMD 100

Tokyo Cement, Sri Lanka’s premier cement manufacturer, has once again landed a coveted spot on the highly prestigious, 2015 edition of the LMD 100, being ranked 25th overall. 

Star Gold pasta comes to Sri Lankan 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.   A product of R.G. Brothers 

Brandix HQ receives Green Mark – Platinum, second top award in a month

The headquarters building of the Brandix Group has been awarded the Green Mark – Platinum certification by the Ceylon Institute of Builders (CIOB), making it the first commercial building in Sri Lanka to receive this rating, developed by the Building Construction Authority (BCA) of Singapore to assess Green

AkzoNobel launches Dulux Ambiance interior top coats and special effects paints

AkzoNobel, one of the world’s leading global paints and coatings companies and the maker of Dulux Paints, has launched Dulux Ambiance, a premium range of interior top coats and special effects paints. Dulux Ambiance was created by colour experts and designers

IMF says Central Bank should get ready to hike rates in coming months

The International Monetary Fund yesterday said (IMF) the country’s Central Bank should be prepared to tighten the monetary policy in the coming months, citing many factors including the deterioration in the balance of payments (BOP) and pressure on the rupee.