AIA Sri Lanka’s Ajith Fernando creates MDRT history

AIA Sri Lanka’s most awarded Wealth Planner, Ajith Fernando has just netted the ‘piece de resistance’ of Million Dollar Round Table (MDRT) achievements – the Honour Roll. 

New Zealand business delegation visits Sri Lanka

Seventeen New Zealand companies will visit Sri Lanka next week to further strengthen business links between the two countries.

Maldives sees marginal growth in tourist arrivals amid decline in major markets

Tourist arrivals to the Maldives increased 0.4 percent year-on-year (yoy) to 95,114 in September with most major markets recording declines, along with falls in occupancy rates and duration of stay.

Ranki Engineering wins top award for third consecutive year

Ranki Engineering, the leading supplier of Zinc – Aluminium roofing and accessories won the award for the Best stall for the third consecutive year at the ‘Construct Exhibition 2015’ held at the BMICH recently.    

Country Style Foods introduces “SMAK Active” isotonic drinks

Country Style Foods (Pvt) Ltd., the manufacturer and distributor of SMAK brand products recently introduced “SMAK Active” isotonic drinks to the market.  SMAK Active which is a 

Bartleet and Acuity to implement Intellect’s next gen brokerage solution

Bartleet Religare Securities (Pvt.) Ltd, a joint venture of Bartleets, a Sri Lankan Conglomerate and Religare and Acuity Stock Brokers, a leading investment bank in Sri Lanka, i...

Laugfs Gas celebrates 14 years in business

?Sri Lankan energy conglomerate Laugfs Gas celebrates 14 years of continued excellence this year. 

No blanket incentives and subsidies in budget 2016: FinMin

Blanket incentives and subsidies will not appear in the upcoming budget, Finance Minister Ravi Karunanayake said while speaking at a forum organised by the Ceylon Chamber of Commerce’s Malaysia Business Council.

E Channelling expands to India

E Channelling PLC, the country’s premier ICT services provider to the healthcare industry, has expanded its presence all the way to India with the signing of a historical partnership with Aster Medcity in Kochi. 

Tea stakeholders meet PM today to discuss pressing industry issues

The key stakeholders of the country’s tea industry will be meeting Prime Minister Ranil Wickremesinghe today to discuss critical current issues in the industry.

Capt. Suren Ratwatte appointed as Mihin Lanka CEO

Captain Suren Ratwatte was recently appointed as the Chief Executive Officer (CEO) of Mihin Lanka with effect from October 2015. Capt. Ratwatte was also appointed as the CEO of SriLankan Airlines and will take over the operational and strategic management of both airlines. 

Harsha urges need to transform Kadirgamar Institute into a top think tank

The government’s primary foreign policy agency, the Lakshman Kadirgamar Institute for International Relations and Strategy Studies, will require reforms to be made effective once more, the Foreign Affairs Deputy Minister said.

Sausages, ham are cancer-causing, red meat ‘probably’ too: WHO

AFP: Eating sausages, ham and other processed meats causes colon cancer, and red meat “probably” does too, an arm of the World Health Organisation (WHO) said yesterday.

Fitch assigns Sampath Bank’s Rs.7bn debt issue final ‘A(lka)’

?Fitch Ratings has assigned Sampath Bank PLC’s (A+(lka)/Stable) Basel II-compliant subordinated debentures of up to Rs.7 billion a final national long-term rating of ‘A(lka)’.

China-Sri Lanka Cooperation Studies Centre inaugurated

A long felt need to promote and nurture Sino-Lanka relations was realized recently with the inauguration of China-Sri Lanka Cooperation Studies Centre (CSLCSC) at the headquarters of the Pathfinder Foundation (PF) by Chinese Ambassador in Sri Lanka Yi Xianliang.

SLASSPA head meets Defence Secretary

Sri Lanka Security Service Providers Association (SLASSPA) President Major Tissa Aluwihare paid a courtesy call on Defence Ministry Secretary Karunasena Hettiarachchi at his office yesterday. 

BoI hosts delegation of Japanese multinationals from Kansai

The Board of Investment (BoI) hosted a delegation from the Kansai region of Japan, which consisted of many Japanese multinational companies.

CIMA seminar on recent amendments to tax statutes on Nov. 5

CIMA Sri Lanka will be conducting a seminar on recent amendments to the tax statutes on November 5 from 8:30 a.m. to 12:30 p.m., at the CIMA auditorium. The presentation will be delivered by KPMG Tax Attorney Suresh R.I. Perera. 

Court rejects all 15 interim orders against Ceylinco Insurance sought by shareholder

In a landmark case, in which, shareholders’ Global Rubber Industries (Pvt.) Ltd, Prabash Subasinghe and Global Sea Foods (Pvt.) Ltd sought 15 interim orders against Ceylinco Insurance Company PLC, were all turned down by the Commercial High Court.   

D P Jayasinghe opens modern building complex at Rajagiriya

?The new building complex of D P Jayasinghe Group of Companies was ceremonially opened by President Maithripala Sirisena recently. 

What does the future hold for Sri Lankan real estate market?

?Real estate experts from across Sri Lanka gathered this week, to discuss the future of the country’s real estate market. 

Lanka Aluminium expands to Nittambuwa

Lanka Aluminium Industries PLC – Sri Lanka’s leading manufacturer and distributor of state-of-the-art aluminium fittings and solutions – opened their showroom and service center in the town of Nittambuwa recently. 

MAPS International enters electrical appliances market

MAPS International, the company that dealt in vehicle tyres, tyre rebuilding and building materials commenced importing and distributing household electrical appliances recently. 

DHL Sri Lanka’s Global Volunteer Day programme helps the needy

DHL Sri Lanka, part of Deutsche Post DHL Group, the world’s leading postal and logistics group, commemorated Global Volunteer Day 2015 with employees participating in a series of activities aimed at benefitting the local communities. 

Seylan 3Q profits edge down over gilt-edged losses

The losses made on investments in government securities and related financial assets narrowed the group net profits of Seylan Bank...

CSE promotes Sri Lankan capital market in Europe

?The Colombo Stock Exchange (CSE) will host “Invest Sri Lanka” Investor Forums in Zurich and London on 28th and 29th of October. 

Cairn India officially confirms exiting Lankan oil explorations

?Announcing its second quarter results to the Bombay Stock Exchange, Cairn India officially expressed its intention to exit Sri Lankan oil exploration activities. 

Janashakthi wraps up acquisition of AIA’s Lankan general insurance business

Janashakthi Insurance PLC made a payment of Rs.3.2 billion to AIA Insurance Lanka PLC to seal off its acquisition of AIA General Insurance Lanka Limited on October 23, 2015. 

Fairway Holdings opens Urban Homes in Koswatta

?Fairway Holdings, a name synonymous for quality in the construction industry embarks upon building cost-effective apartments for the emerging middle class in the urban areas of Colombo. 

Eagle Logistics marks 10 years in business

?Eagle Logistics celebrates its 10th Anniversary today with religious activities at their corporate office 281, R. A. De Mel Mawatha, Colombo-03.