PhotoHub launches Canon XA35, XA30 camcorders

Metropolitan PhotoHub Pvt Ltd announced the launch of the Canon XA35 and XA30 compact professional-use Full HD video camcorders, which employ a newly developed CMOS sensor making possible exceptional high-sensitivity imaging performance and a wide range of imaging expression possibilities. 

Marmite Cocktails and Mocktails set to take Colombo’s beverage circuit by storm

Just when one thought that Marmite does magical things to food alone, comes news of yet another revolution in Sri Lanka’s food and beverage industry as Unilever Sri Lanka launches a cocktail and mocktail inspired by Marmite. 

Business Today Top 25

John Keells Holdings PLC was able to secure its number one spot at the Business Today Top 25 held last evening, reiterating the group’s remarkable standing in the Sri Lankan corporate sector.

Laugfs inks agreement with Chinese firm to build US$ 80mn LPG terminal in Hambantota

Laugfs Terminals Limited, a subsidiary of Laugfs Gas PLC yesterday signed an agreement in Colombo with the China Huanqiu Contracting and Construction Corporation (HQC) to construct the Laugfs LPG (Liquid Petroleum Gas)

Colombo’s bus and 3-wheeler services: Logistics expert calls for public pressure to regulate sector

The public should pressure the government to regulate Colombo’s bus and 3-wheeler services, an expert said at a recent forum.

Govt. mulling FTAs with Singapore, US

The government is considering starting negotiations on a free trade agreement (FTA) with Singapore as a part of its strategy to increase Sri Lanka’s global competitiveness.

Credit profiles of listed plantation companies to further weaken: Fitch

Stricken credit profiles of Sri Lanka’s listed tea plantation companies will further dampen with slumping prices and soaring wages continuing to challenge the progress of the entities, an international rating agency said. 

BoC 3Q net up 8% over massive loan growth, asset quality erodes

The state-owned banking giant, Bank of Ceylon (BoC) group posted a net profit of Rs. 5.7 billion for the quarter ended September 30, 2015 (3Q15), up 8.3 percent from a year ago, on the back of a strong growth in its lending book but the asset quality weakened, the interim results showed.

EU hails Sri Lanka’s recent progress in implementing Human Rights, labour and environment conventio

Sri Lanka received much praise from the EU’s latest council meeting where it has been indicated that the country has been successful in paving the way for greater engagement that would help boot economic prosperity.

Dr. Senthilverl buys 10% stake in Panasian Power

?High net worth investor Dr. T. Senthilverl has invested in a 10 percent stake in mini hydropower producer Panasian Power PLC.

People Bank’s 2.7mn shares in Asiri Hospitals change hands

Asiri Hospitals Holdings PLC yesterday saw 2.7 million of its shares at Rs.25 cross at the Colombo Stock Exchange (CSE) yesterday, which happens to be the exact stake of the entity held by state-owned People’s Bank.

China Products Exhibition kicks off on Friday

It will be the first-ever appearance in Colombo and a total of 70 companies are ready for the grand display when the China Products (Colombo, Sri Lanka) Exhibition is held from November 20 - 22, 2015 at Sri Lanka Exhibition & the Convention Centre (SLECC).

STC General Trading gets new Chairman

STC General Trading Company Ltd, Sri Lanka’s state supply giant once named as the best state institute by Committee on Public Enterprises (COPE), has a new Chairman who was a two-time Provincial Councillor.

JITF 2016 in January

The northern region of Sri Lanka will welcome once again for the seventh consecutive year, the Jaffna International Trade Fair (JITF 2016). Considered by the people in the North as the largest exhibition and consumer fair, the event takes place from January 29 - 31, 2016 in Jaffna.

Oxford Society of Sri Lanka reconvenes

After many years, the Oxford Society of Sri Lanka, comprising of alumni that had enrolled into one of the colleges or Halls, will meet to re-establish the society.

Abans introduces seasonal offers on LG G4 smartphones

Here’s an offer from Abans that’s too good to miss. The state-of-the-art LG G4 smartphone now comes with Rs.15,000 worth of free accessories (additional battery with charging kit and a smart circle leather flip cover). 

MyDeal.lk celebrates 4 years

In this day and age where ‘start-up’ is the buzzword and ecommerce companies are mushrooming, one of Sri Lanka’s pioneer daily deal website start-ups, MyDeal.lk celebrated four years of successful operations in Sri Lanka.

IFS signs Empire Teas for Applications 9

IFS, the enterprise applications company, signs its third customer in Sri Lanka’s tea export industry with the signing of Empire Teas (Pvt.) Ltd, which will deploy IFS Applications 9.

SLT organises e-Sports Championships

Who said gaming was a waste of time? Sri Lanka Telecom (SLT) is pioneering Sri Lanka’s first-ever gaming tournament with its next-level fibre optic broadband and the winners will be walking away with more than a sense of accomplishment.

ICTA partners APICTA 2015

The Federation of Information and Technology Industry Sri Lanka (FITIS) and BCS, the Chartered Institute for IT, Sri Lanka Section announce that the APICTA 2015 international awards ceremony, ...

Wickramarachchi Opticians introduces Google Glasses

In another pioneering venture to introduce the latest technological advancements to Sri Lanka, Wickramarachchi Opticians recently introduced the revolutionary ‘Google Glasses’ ....

Sri Lanka’s largest brewer slams govt. on alcohol policy

Fully-charged Lion Brewery Ceylon PLC, Sri Lanka’s largest brewer, has slammed the new government for toying with the country’s alcohol policy, endangering the health of the population. 

CIC 2Q profits boosted 40% by agri, livestock operations

Agrochemical giant CIC Holdings PLC (CIC) posted a net profit of Rs.257.07 million for its second quarter ended September 2015 (2Q16), improving 40 percent year-on-year (YoY) through contributions from the agriculture and livestock sector.

Tokyo Cement net down 14%; Norwegian central bank among shareholders

Sri Lanka’s largest cement manufacturer Tokyo Cement Company (Lanka) PLC saw its group net profit for the September quarter (2Q16) falling 14 percent year-on-year (YoY) to Rs.489.7 million amid slower top line growth.

Aitken Spence Hotel 2Q net profit flat amid weak Maldives

?Aitken Spence Hotel Holdings PLC, which is the second largest hotel operator in Sri Lanka, posted a net profit of Rs.210.21 million for the quarter ended September 2015 (2Q16)...

Rupee near record low on importer dollar demand

?REUTERS: The Sri Lankan rupee ended weaker yesterday, not far from an all-time low hit in the previous session, on importer dollar demand, while a private bank’s greenback sales prevented further fall in the local currency, dealers said.

Kelsey Development set to launch gated housing project in Negombo

Schaffter family controlled Kelsey Development PLC is preparing to launch a gated housing project in Negombo in the 1st quarter of the 2016/17 financial year, the company’s interim financial statements said.

Ceylon Hotels Corporation to fully acquire Ceylon Hotels Maldives

Ceylon Hotels Corporation (CHC) yesterday announced it has received the green light to fully acquire Ceylon Hotel Maldives (CHM) through its fully owned subsidiary United Hotels Company (UHCL).

Colombo Dockyard PLC on track towards steady financial progress

Having battled a period of struggle, Colombo Dockyard PLC is observed to be making continued financial progress as the September quarter (3Q15) saw its net profit soar 405 percent year-on-year (YoY) to Rs.183 million,..

Railway quarters completed under Slave Island Redevelopment Program (Stage II) opens

The ceremonial opening and handing over of keys to the residents of the railway quarters Block A&B took place on 29th of October at Justice Akbar Mawatha, Colombo 02.