Nippon Coke’s share divestment in Tokyo Cement baffles investors

The continuous divestment of shares of Tokyo Cement PLC by Japan’s Nippon Coke & Engineering has raised some eye brows among Colombo’s capital market circles, as speculation is rife that the Japanese party may exit Tokyo Cement in the future. 

Ceylon Chamber seminar to discuss strategies on transportation and logistics

The Ceylon Chamber of Commerce (CCC) will line up an impressive set of speakers, consisting both public and private sector official, including academics, to discuss transportation and logistics strategies that should be adopted to propel Sri Lanka’s export growth.

Ceylinco Insurance complies with listing rules governing employee share option

The country’s largest privately held insurance provider Ceylinco Insurance PLC announced that it has complied with the listing rules governing its employee share option scheme.

SLAAQP National Convention on ‘5S’ in Nov.

Sri Lanka Association for the Advancement of Quality and Productivity (SLAAQP) has organised a 5S National Convention on November 5, 2015 at the auditorium of the Postgraduate Institute (PIM), No: 28, Lesley Ranagala Mawatha, 

Unilever announces Sustainable Living Young Entrepreneurs Awards 2015

Unilever recently launched a global search for young entrepreneurs aged 35 and younger offering practical and innovative solutions to some of the world’s biggest sustainability challenges for the 2015 Unilever Sustainable Living Young Entrepreneurs Awards. 

Major Indonesian retailer MAP to enter Sri Lanka

A major Indonesian retailer is expected to enter Sri Lanka by opening a subsidiary, according to Jatinder Biala, the outgoing President of Sri Lanka-Indonesia Business Council.  

Shobhaa De on ‘Hurrah for Creativity and to Hell with Conformity’ at SLID Annual Dinner

Taking a delightful turn from its usual corporate training programmes, workshops and seminars, the Sri Lanka Institute of Directors (SLID) brings together an elegant evening, ...

Former Indian FinMin Chidambaram to deliver CA Sri Lanka’s tax oration

Former IndianFinance and Home Affairs Minister Shri Palaniappan Chidambaram will deliver the oration at the 20th Annual Tax Oration of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) on October 22, 2015. 

Leading Lankan logistics companies commission Kalmar container handling equipment

?Increasing productivity and lowering operational costs are a key factor in growing Sri Lanka’s logistics industry. 

Photo Technica offers special discounts at “TheveniEsa”

Photo Technica, the only authorized distributors for Nikon cameras in Sri Lanka is all geared up for the much awaited Photo Fair 2015 at BMICH on 17th and 18th October. Theveni Esa the renowned Photography and Videography Exhibition in Sri Lanka. 

Ilma students visit American Premium factory

American Premium Water Systems (Pvt) Ltd has continuously conducted factory visit for school children to give a sound knowledge about the water purification process, bottled drinking water manufacturing process and the importance of purified water for many years. 

Eagle Logistics opens customer service centre in Nugegoda

?Eagle Logistics Colombo opened its first customer care centre in Nugegoda recently. 

Neochem appointed sole agent for French company MANE

Neochem International (Pvt) Limited, one of Sri Lanka’s innovative solution providers for chemical products, has been appointed as the sole agent for MANE, a French company known to be one of the most prominent manufacturers of flavours and fragrances in the world.

Kelani Cables recognized for going green

Kelani Cables PLC was recognized for its exceptional contribution towards sustainable development with the National Green Award. 

Kingsbury signs management agreement with Platinum Realty

The Kingsbury PLC, the luxury five-star city hotel in Colombo signed the management agreement with Platinum Realty Investments (Private) Limited to manage its Platinum 1 apartment complex.

WB support for Sri Lanka’s renewable energy drive

In an effort to push the nation towards green financing, the World Bank (WB) yesterday pledged its support in allowing Sri Lanka to achieve the 20 percent non-conventional renewable energy (NCRE) target by 2020.

Govt. urged to set up independent regulator to oversee pension system

A leading researcher called on the government to establish an independent regulatory body to oversee the country’s pension system.

Founding investor Dilith Jayaweera to head Derana

The board of directors of Derana has appointed one of the founder investors, Dilith Jayaweera as the Chairman and Managing Director of TV Derana,...

Rupee falls on importer dollar demand

REUTERS: The Sri Lankan rupee ended weaker yesterday due to demand for the greenback from importers and weak exporter dollar sales, dealers said. Dealers said dollar sales by a bank in the latter part of the day prevented a sharp fall in the local currency.

Tile sales strong but industry risks losing protection: report

The present construction boom and the thrust on exports will result in strong tile sales, but the local ceramic industry led by Royal Ceramics PLC faces the risk of losing the protection against imports, an equities brokerage report noted.

Wasantha Gunadasa appointed as Blue Diamonds CEO

Gem and jewellery industry veteran Wasantha Chandrakumara Gunadasa has been appointed as the Chief Executive Officer of leading diamond exporter Blue Diamonds Jewellery Worldwide PLC.

French Embassy opens consulate in Kandy

French Ambassador Jean-Marin Schuh is scheduled to declare open the French Consulate in Kandy today on the invitation of the recently appointed Honorary Consul for France in the Kandy District.

VIDEO : Unilever introduces Chocolate-Mite

Following the world’s gastronomic trend, Unilever in partnership with Sri Lanka’s celebrity chocolatier Gerard Mendis introduced ‘Chocolate-Mite’ for the first time in Sri Lanka recently.

Next Jaffna International Trade Fair in January 2016

The Jaffna International Trade Fair (JITF), the most comprehensive multi product exhibition in the North, will be held for the seventh consecutive year from January 29 to 31, 2016 at the Municipal Grounds in Jaffna.

Cairn to exit Lankan oil explorations end of this month

?Oil exploration company, Cairn India, a unit of Indian business tycoon Anil Agarwal’s Vedanta group, is to relinquish its exploration rights in Sri Lanka’s Mannar basin end of this month. 

Stocks mark 2-week closing low; budget, corporate earnings eyed

REUTERS:  Sri Lankan shares closed at their lowest level in two weeks yesterday as investors waited for clues from government budget and September-quarter corporate results, brokers said.

Insurers gearing up for CSE listing to meet Jan 2016 deadline

?As the insurance industry heads for the January 2016 deadline for mandated listing on the Colombo Stock Exchange, many insurers are gearing up getting themselves listed on the Colombo Stock Exchange. 

Candor launches mutual fund with IPO

Candor Asset Management (Pvt) Ltd will be listing its latest Candor Opportunities Fund, on the Colombo Stock Exchange (CSE) through an Initial Public Offering (IPO).

Capital Alliance Finance to raise Rs.116mn through rights issue

?Capital Alliance Finance PLC, a finance company with an asset base over Rs.1 billion is planning to raise Rs.116 million through a rights issue.

NCE Chief heading to Vienna to discuss UNIDO’s cinnamon project

Sarada de Silva, President of the National Chamber of Exporters of Sri Lanka (NCE) and the Founder President of the Spice Council,...