High five for Textured Jersey at NBE Awards

Textured Jersey Lanka PLC (TJ), the region’s largest textile manufacturer received high honours at the recently concluded National Business Excellence Awards 2015, the prestigious annual awards ceremony organised by the National Chamber of Commerce.  The Company competed with most of the top Corporates to become the Overall Silver Winner for the Night. 

GSK wins 4 National Business Excellence Awards for 2nd year running

GlaxoSmithKline’s (GSK’s) Sri Lanka operations, encompassing pharmaceuticals and consumer nutritionals, won four National Business Excellence Awards (NBEAs) at the 2015 edition of the apex awards event of the National Chamber of Commerce, including the overall runner-up award across all categories and sectors.

D. Samson & Sons partners with JLanka to install 300 kWp Solar PV system

As one of the largest retail networks in the country that provides footwear, accessories and apparel to the local customer, D. Samson & Sons (Pvt) Ltd which is the main marketing and distributing arm of the DSI Samson Group, believes in setting the trend when it comes to the latest positive developments like practicing environmentally-friendly business. 

India Sourcing Fair comes to Colombo in December

The first-ever India Sourcing Fair will be held from 8 – 12 December at the SLECC in Colombo. The event is organised by the India Trade Promotion Organisation (ITPO) - Public Sector Enterprise under the Ministry of Commerce, Government of India and supported by the Indian High Commission in Sri Lanka.

National Chamber to hold seminar on Fraud Detection

A seminar on “Fraud Detection in Your Business” will be held on 2nd December  from 3.00 to 5.00 p.m at the Chamber Auditorium 450 D R Wijewardene Mawatha Colombo-10. 

Peradeniya University to hold MBA Night 2015

MBA Association of University of Peradeniya is planning to host its annual calendar the “MBA Night” in grand style. An event that adds more colours to the MBA programme with the key focus being the reinforcement of the relationship among lecturers, alumnus and students in an entertaining manner. 

CCI to engage global and local Asbestos experts to educate industry stakeholders

The Chamber of Construction Industry Sri Lanka (CCI), the apex body which represents all the construction industry stakeholders in Sri Lanka will hold a special seminar on “Facts about the use of Asbestos – Chrysotile Cement Roofing” on the 1st of December  

Colombo Tea Auction quantities witness marginal dip this week

Quantities at the Colombo Tea Auction this week contracted marginally with the total offering having stood at 6.1 M/Kgs, a dip from 6.2 M/Kgs recorded the previous week.

Budget 2016 proposes elevated road from Cotta Road to Kaduwela

A new elevated road will be constructed from Cotta Road to Kaduwela, according to the Budget proposals which were not read out during the second reading of the Budget 2016 in parliament due to time constraints.

CSE to establish new company to act as Central Counterparty

The Colombo Stock Exchange (CSE) yesterday announced the proposed establishment of an institution to act as a Central Counterparty for all secondary market transactions on the CSE. 

Budget worries drag down shares

REUTERS:  Sri Lankan shares closed at their lowest in four-and-a-half months yesterday on worries earnings of financial firms would fall after the new budget proposals announced last week were implemented.

Bank of England, FCA approve BOC Chairman’s appointment

Bank of Ceylon Chairman Ronald C Perera’s appointment as the Chairman of Bank of Ceylon (UK) Ltd was approved by the Prudential Regulation Authority (PRA) of the Bank of England and the Financial Conduct Authority (FCA) of England.

Govt. to tax cash withdrawals

The national unity government’s maiden Budget has proposed to tax the people who withdraw their own money from the banks while measures are also being taken to confiscate the moneys lying in their accounts unless they operate their accounts from January 1, 2016.

Regaining EU GSP Plus maybe far from govt.’s claim: envoy

Regaining the General System of Preferences Plus (GSP Plus) facility from the European Union (EU) maybe farther away than the government has recently claimed, ...

UK’s Wilkins Group opens US $ 3mn eco-friendly retail packaging factory in Mawaramandiya

Wilkins Spence Sri Lanka, a subsidiary of The Wilkins Group UK, recently celebrated the opening of its state-of-the-art factory to produce retail packaging solutions in Mawaramandiya. 

China set to pledge more aid to Africa ahead of Xi’s trip

REUTERS:  China is set to announce new aid to African nations when President Xi Jinping visits Zimbabwe and South Africa next month, a senior Chinese official said yesterday.

Fitch assigns BBB- to Mercantile Investments but equity exposure high

Fitch Ratings Lanka has assigned the minimum investment grade rating, BBB- to the Ondaatje family-controlled finance company, Mercantile Investments & Finance PLC (MIF) with a ‘stable’ outlook. 

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.