Bosch inaugurates first Sri Lankan office

German technology and services supply giant Bosch inaugurated its first Sri Lankan office at the Orion City yesterday. “The inauguration of our new office marks an important milestone for our business expansion in the South Asian region. We look to further increase our 

LFVPPEA holds round table discussion on improving trade with India

The  Lanka Fruit and Vegetables Producers, Processors and Exporters Association (LFVPPEA), affiliated to the Ceylon Chamber of Commerce held a round table discussion with key stakeholders on ‘Improving Trade with India: Mutual Recognition in Conformity Assessment’.

Rupee little changed; downward pressure persists

REUTERS: The Sri Lankan rupee traded little changed yesterday as dollar inflows into a foreign bank through bond buying by foreigners offset importer dollar demand, dealers said.

What comes after the Atlanta deal on Trans-Pacific Partnership?

The 12-member Trans-Pacific Partnership (TPP) agreement was all but concluded last week after five years of negotiations. The deal now faces the challenge of ratification in each of the 12 countries, with all their domestic political obstacles

Major changes in upcoming budget

 The upcoming budget in November will include major revisions to the entire existing economic system, the country’s Finance Minister said this week.

Tourism Minister claims majority of appointments finalized

?Most appointments for the Tourist Board posts have been finalized, Tourism and Christian Affairs Minister John Amaratunga said yesterday.

CB keeps October policy rates steady

?The monetary board of the Central Bank yesterday left the key policy rates steady for the six consecutive month in October amid rising core inflation and strong pick up in private credit as the lag effect in Sri Lanka’s monetary policy transition is seen gradually disappearing.  

Shares recover from more than 3-mth closing low after rate decision

?REUTERS: Sri Lankan shares rose on yesterday, recovering from a more than three-month closing low in the previous session as investors snapped up stocks after the Central Bank held its key policy rates at record lows for the sixth straight month.

IFA (Sri Lanka branch) to hold seminar on taxation next month

The International Fiscal Association (Sri Lanka Branch) will hold a seminar on Taxation at the Hotel Ramada on November 4, from 8.45 a.m to 1.15 p.m. Participants...

Pathfinder Foundation to launch China – Sri Lanka Cooperation Studies Centre

The Pathfinder Foundation (PF) is to unveil the ‘China – Sri Lanka Cooperation Studies Centre’ tomorrow (October 22nd) at 3:30 p.m. by Chinese Ambassador Yi Xianliang and the PF Founder...

Premier to decide on future tourism policy direction

Prime Minister Ranil Wickremesinghe will be deciding on the future policy direction of the Sri Lanka’s tourism sector today.

Massive reform, investments required to revive TRI: stakeholders

?The Tea Research Institute of Sri Lanka (TRI), which was once the world’s premier research and development centre in tea, requires massive restructuring and investments to become useful once more, stakeholders said.

Union Assurance General appoints Sanjeev Jha as CEO

Union Assurance General Limited (UAG) has appointed Dr. Sanjeev Jha as its Chief Executive Officer. With over 25 years of experience in financial services, Dr. Jha brings with him a wealth of knowledge and experience to UAG...

Shares end at over 3-month low

?REUTERS: Sri Lankan shares closed at their lowest level in more than three months yesterday, falling for a fifth straight session as investors awaited cues from government policies and budget, brokers said.

Vidullanka acquires Lower Kotmale Oya Hydro Power controlling stake

?Vidullanka PLC has acquired the controlling stake of Lower Kotmale Oya Hydro Power (Pvt.) Limited, a filing to the stock market said. Vidullanka already owned 49.88 percent of Lower Kotmale Oya Hydro Power as a joint venture partner.

Singer to power 36th National Conference of Chartered Accountants

Singer (Sri Lanka) PLC, the country’s number one retailer, recently came onboard for the first time to power the 36th National Conference of Chartered Accountants with a Gold sponsorship. 

Govt. and corporates need to focus on modern supply chain systems: official

The concept of ‘supply chain management’ is not very well understood, locally, thus resulting in heavy productivity losses said, former Unilever, Sri Lanka Limited Customer Services Director Gayani De Alwis, ...

Sri Lanka among cleanest countries in Asia Pollution Index 2015

In the midst of an impending global air pollution crisis to which Asia is fast emerging as one of the main contributors, Sri Lanka has emerged as one of the cleanest countries in the region in a global Mid-Year Pollution Index for 2015. 

ZILLIONe bags two key awards at Microsoft Partner Awards 2015

ZILLIONe has won the Best Large Account reseller in the enterprise segment and Best Office 365 partner in the Small and Medium Enterprise (SME) segment at the recently concluded Microsoft Partner Awards ceremony.

CA Sri Lanka adjudged ‘best new exam centre of the year’ by Cambridge University

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently received a special accolade as the ‘best new exam centre of the year’ from the University of Cambridge, at the Centre Exams Managers’ Conference held in Chennai, India.  

Shift Solutions marks seven years milestone

Seven years ago, the Sri Lankan ad industry was still in the dark about the field of digital and the direction it was taking.

PayMedia founder bags Most Valuable ICT Entrepreneur Award 2015

Kanishka Weeramunda – founder of PayMedia (Pvt.) Ltd – one of Sri Lanka’s most innovative start-up companies, recently turned a new chapter in entrepreneurship,...

IronOne presents ‘BoardPAC’ solution at Singapore Directors Conference

Sri Lankan mobile and enterprise services software solutions specialist IronOne Technologies broke new ground in its efforts to showcase its products in key overseas markets recently, ...

Eleventh Bren Security ‘Hard Talk’ in November

?Bren Security (Pvt.) Ltd, the Sri Lankan partner of the worldwide Securitas AB group, will host its innovative ‘Hard Talk’ event for the 11th time at 8 Degrees On The Lake, Cinnamon Lakeside, on Thursday, November 5, 2015.

Sri Lanka elected Intergovernmental G-24 on Int’l Monetary Affairs and Development chair

Sri Lanka has been elected as the chair of the Intergovernmental Group of Twenty-Four (G-24) on International Monetary Affairs and Development organised concurrent to the annual conference of the World Bank...

Build Sri Lanka 2016 to unfold in May

To achieve the common goal of ‘Building a new Sri Lanka’, the Chamber of Construction Industry (CCI) launched Build Sri Lanka 2016 - Housing and Construction Expo, which is expected to be held from May 13 to 15, 2016, at the BMICH.

Safeguard Fruit and Veggie - the simplest way to clean vegetables

?Vegetables do not just appear in kitchens out of nowhere. They make a long journey from the cultivations to the sales point and then to out kitchens. 

DLB introduces new lottery ticket

?The Development Lotteries Board introduced the ‘Galaxy Star’ lottery ticket to the public on the 29th of September. 

Epic to showcase new solutions at INFOTEL 2015

?Epic Technology Group is taking part in the country’s largest ICT exposition INFOTEL 2015 as a Silver sponsor. 

Ma’s Foods marks World Food Day with vision for future farmers

?Food processor Ma’s Foods, a well-known supplier of high end and ethically traded food ingredients, continued contribution towards improving the livelihoods and well-being of Sri Lankan farmers.