IT/BPM industry upbeat about Budget 2016: SLASSCOM

As the national IT/BPM Chamber of Sri Lanka, SLASSCOM is encouraged by the Budget 2016, which has taken into consideration the needs of the country’s flourishing IT/BPM industry and has allocated funds to support initiatives that are vital to the growth of the industry. 

Budget 2016 incompatible with PM’s economic policy statement: SLEA

While claiming that the budget-2016 as a whole is a very fine one, Sri Lanka Economic Association (SLEA) President Professor A.D.V de S. Indraratne said its proposals...

Dinesh launches “The Great November Revolution”

HR specialist Dinesh Weerakkody launched his fifth book titled “The Great November Revolution” in the presence of President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe on Tuesday.

‘Visit Kelaniya 2016’ to boost cultural diversity

Sri Lanka Tourism expects to improve the density of tourism in Kelaniya, Colombo during the period of the Duruthu Perahera which falls in January. 

Ceyoka’s waterproofing solutions meet demands of prestigious projects

Having contented atmosphere around you especially during rainy seasons is crucial in keeping a house or a building dry, making it more comfortable to work or live in and to protect internal fixtures and fittings inside from damage as a result of excess humidity or exposure to water.

SLIM holds open day for Strategic Brand Management Diploma

The open day of the Diploma in Strategic Brand Management (DSBM), the first and only diploma in Sri Lanka for branding, was organised by Sri Lanka Institute of Marketing (SLIM) recently, ahead of its sixth intake.

Taiwan Textile Fair begins on November 27

On popular demand, Taiwan Textile Fair returns to Colombo on November 27 and 28 for its annual showcase at Taj Samudra, Grand Crystal Ballroom premises.

Oviklo commences Kaduwela warehousing facility construction

In an effort to set the benchmark ever higher for the logistics sector Oviklo, a leading player in the logistic solutions provision sector in Sri Lanka, recently engaged in the construction of a state-of-the-art warehouse facility in Kaduwela – providing easy access from all routes.

Rainco unfurls ‘World of Outdoor’ in Colombo

Offering a wide collection of furniture and accessories to cater outdoor needs, Rainco, a leading brand for rainwear in South Asia opened its flagship store, ‘World of Outdoor’ (WOO) in Colombo recently.

Foundation of Goodness donates water purification machine to Weweldigiliya village

The Foundation of Goodness, a social service organisation, donated a ‘Propre’ reverse osmosis (RO) water purification system machine with a capacity of purifying 5,000 litres of water per day, to the far-flung, poor village of Weweldigiliya in Mihintale, Anuradhapura, recently.

Brandix HQ wins Gold at National Energy Efficiency Awards

Less than nine months after it was commissioned, the new head office of the Brandix Group won the ‘Gold Flame’ for Commercial Buildings in the Large Scale category at the Sri Lanka National Energy Efficiency Awards 2015,

Ashley Furniture HomeStore launched in Sri Lanka

?High-quality and innovative furniture is an investment for a lifetime for both households as well as commercials. 

Budget lacks fiscal consolidation: Fitch

Leading international rating agency Fitch Ratings said yesterday Sri Lanka’s fiscal position still runs the risk of further deterioration as the 2016 Budget did not bring about fiscal consolidation, while growth will be much less than stated in the Budget.

FM warns of funding cuts if zero budgeting ignored

Ministries not adhering to the zero-based budgeting concept will receive no funding in future budgets, Finance Minister Ravi Karunanayake said at a budget seminar organized by the Chartered Management Accountants yesterday.

Budget’s fiscal discipline facilitates CB’s monetary policy: Deputy Governor

The ambitious fiscal discipline observed in the 2016 Budget will allow the Central Bank to maintain an easy monetary policy, while facilitating private sector growth, a top official said.

Shares near one-week closing low; financial stocks lead

REUTERS - Sri Lankan shares closed at their lowest in nearly one week yesterday on worries earnings of financial firms would fall after the new budget proposals announced last week were implemented.

Government policy to slow small car sales

Fitch Ratings expects growth in sales of automobiles, mostly small cars, in Sri Lanka to slow in 2016 due to higher taxes and a weaker currency, which will increase prices of vehicles in the local currency.

CB keeps key policy rates unchanged

Central Bank kept interest rates unchanged to support growth and help counter the rupee’s fall to a record low.

Ceylon Chamber-CCPIT investment and trade forum conducts 400 B2B meetings

The Sri Lanka-China Investment and Trade Symposium jointly organised by the China Council for Promotion of International Trade Zhejiang, Zhejiang Chamber of International Commerce and Ceylon Chamber of Commerce (CCC) was held in Colombo on November 23.

Next NCC ‘Meet the Minister’ on December 3

Local Government and Provincial Councils Minister Faizer Mustapha will grace the National Chamber of Commerce (NCC) on Thursday, December 3, 2015 for an interactive session from 3:00 p.m. to 4:30 p.m., at the Chamber Auditorium and to meet the business community.

Ready to solve Kotte’s housing issue: Harsha

He is prepared to do everything possible to resolve the housing issue of the low-income earners in the Sri Jayewardenepura electorate, said External Affairs Deputy Minister Dr. Harsha de Silva during a ceremony held recently at the United National Party (UNP) office in Nawala.

Findmyfare.com partners with Kuwait Airways for exclusive offer

The national air carrier of the State of Kuwait has tied up with Findmyfare.com for an exclusive deal to offer an exciting package for the passengers travelling to London, Rome, Paris and New York. 

Qatar Executive receives EASA’s third-country operator safety certificate

Qatar Executive, Qatar Airways’ corporate jet division, is the first ‘Business Aviation Operator’ in the Middle East and one of first worldwide to be awarded the European Aviation Safety Agency’s (EASA) third-country operator (TCO) safety certificate.

Mihin Lanka updates agents on latest product developments

?Mihin Lanka recently conducted a comprehensive presentation for its agents to highlight the airline’s updated product and service offerings. 

Emirates introduces new generation in-flight entertainment system

Emirates has introduced a new generation in-flight entertainment (IFE) system reaffirming its commitment to continual product enhancement.

Eden Resort & Spa honoured with ISO22000:2005 certification

?The Eden Resort & Spa was recently awarded with the prestigious ISO 22000:2005 certification in relation to food safety and food quality standards. 

Etihad opens new state-of-the-art Crew Briefing Centre

?Etihad Airways has officially opened a new state-of-the-art Crew Briefing Centre (CBC) at its hub in Abu Dhabi, capital of the United Arab Emirates.

Fitch maintains negative outlook for telcos over tax uncertainties

Fitch Ratings has maintained a negative outlook on Sri Lanka’s telecom sector based on the uncertainty over the proposals to increase taxes by the government.

Sri Lanka introduces more inclusive inflation measurement

Sri Lanka’s inflation in the month of October measured by the new National Consumer Price Index (NCPI) was recorded at 3 percent, accelerating from 1.9 percent in September, the Department of Census and Statistics (DCS) said yesterday. 

US firm buys 10% stake in Bogala Graphite

?German-based Graphit Kropfmuhl GmbH, which owned 90.33 percent of the shares in Bogala Graphite Lanka, yesterday divested a 10.33 percent stake to US-based firm Alterna GK LLC.