Netherlands supports local industries

 The new Netherlands Ambassador Joanne Doornewaard was the chief guest at the recent PUM Netherlands Senior Experts presentation of their services to local industries.

CA Sri Lanka onboard as Strategic Partner for AAT Conference

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will once again power the 2015 Conference of the Association of Accounting Technician (AAT) as a Strategic Partner.

Vehicle LTV unchanged; FMs assertion holds no water

Despite Finance Minister’s (FM) assertion that the vehicle financing loan-to-value (LTV) ratio be brought up to 90 percent, neither the Central Bank (CBSL) nor the country’s financial sector (banks and finance companies) have received the nod to put that into effect from their respective authorities. 

Seven Media Holdings celebrates three years of operations

Seven Media Holdings, a revolution in the Sri Lankan media buying, creative design and digital media spheres recently announced the completion of three years of operations. 

HC Line Malé-Colombo express service commences today

HC Line announced its Malé – Colombo Express Service, to increase feeder connectivity via the Port of Colombo.  Commencing today (12th October), the company will provide its customers with a unique, customer-friendly experience for the Colombo – Male sea transportation industry. 

Lancome introduces skin care range and cosmetic products to Sri Lanka

Lancome, the French iconic brand, a product which is been sold every five seconds in the world, introduced a new line of skincare and makeup  products to the Sri Lankan market recently. The skincare range features products such as the toner,

Smart city will transform Sri Lanka into a digital city: FITIS Chairman

In developed countries there are not many new business opportunities for potential investors. But, in contrast, there are bigger prospects and ample avenues for new investments in a fast developing country like 

Berendina receives award from Sri Lanka United Nations Friendship Organisation

Berendina Development Services (BDS) received the Institutional Excellence Service award from the Sri Lanka United Nations Friendship Organisation (SUNFO) recently. 

Last chance for ‘Country Roads’ tickets

Final preparations are underway for the 2015 Country Roads concert for children, with international artistes the Mavericks from Germany and the UK’s Astrid Brook already in Sri Lanka, and ready to wow the crowd. All that is needed is an enthusiastic

DSI holds ‘Sithuvili’ art exhibition in grandeur

The ‘Sithuvili’ art competition conducted by the DSI Samson group attracted a record number of entries this year exceeding 100,000. Over a thousand entries, which have won merit awards and above, will be exhibited at the National Art Gallery until October 10 from 9:00 a.m. to 6:00 p.m.

MillenniumIT runs marathon with largest IT contingent

Taking part in the 15th Colombo Marathon held last Sunday, MillenniumIT had the largest IT contingent with a total of 133 employees competing.  Sri Lanka was one of 39 countries participating in this year’s event, joining 

Pollen revolutionizes design space with Erosion

Anyone who steps into the atrium at Crescat Boulevard is sure to be amazed by the latest installation that is both innovative and stylish. Titled ‘Erosion’, the pedicure station, which is an extension of Foot Rub, 

UltraTech Cement Lanka-LRCA promote knowledge in ‘ready mix concrete’ sector

UltraTech Cement Lanka (P) Ltd along with Lanka Ready Mix Concrete Association (LRCA) organised a Concrete Technologist Training and Certification course recently. 

Colombo Stock Exchange celebrates people

The Colombo Stock Exchange (CSE) held its staff award ceremony recently titled ‘CSE Star Performers’. “We compete with ourselves to be better at what we do; therefore it’s of utmost importance for us to encourage our high performers and innovators this way,”

Lucky Jayasuriya elected third Lions Toastmasters President

Lion’s Toastmasters Club Charter anniversary and installation of the third President and Executive Committee was held in grand style at Taj Samudra Hotel recently.

Sri Lanka The Treasure Island partners National Home-stays and Farm-stays Conference 2015

The international travel and tour magazine Sri Lanka The Treasure Island (SLTTI) was selected the official print media partner of National Home-stays and Farm-stays Conference 2015.

ACCA Global President visits CA Sri Lanka

ACCA Global Council President Datuk Alexandra Chin JP paid a courtesy call at the Institute of Chartered Accountants of Sri Lanka recently, where matters in relation to the development of the accounting profession were discussed at length. 

Malaysian Central Bank urged criminal prosecution of state fund 1MDB

AFP: Malaysia’s Central Bank said yesterday it had urged the country’s attorney general to begin criminal prosecution of troubled fund 1MDB after completing its investigation, piling more pressure on Prime Minister Najib Razak who chairs the fund’s advisory board.

Janashakthi to buy AIA’s General insurance business for Rs.3.2bn

Janashakthi Insurance has reached an agreement with AIA Insurance to acquire the latter’s general insurance business in full for Rs.3.2 billion. AIA Insurance in a stock exchange filing said a share purchase agreement was entered yesterday to fully divest its wholly owned AIA General Insurance Lanka Limited to Janashakthi Insurance PLC. AIA General has 18.7 million issued and fully paid up shares. AIA said the timeline of the proposed di

Singapore banks urged to curtail loans to haze-linked firms

AFP - An umbrella group of local and foreign banks in smog-hit Singapore has urged members to make “sustainable development” part of their lending requirements, stepping up pressure on companies linked to land-clearing fires

Patrick Amarasinghe no more

Deshabandu Patrick Amarasinghe, the former Chairman of the Federation of Chambers of Commerce and Industry of Sri Lanka and a veteran industrialist passed away Thursday evening at the age of 83.

Emerging currencies, Asia equities rally on Fed minutes

AFP - Malaysia’s ringgit and Indonesia’s rupiah led an emerging market rally against the dollar yesterday while Asian equities also pushed higher after minutes from the Federal Reserve’s latest policy meeting suggested it could keep borrowing costs at record lows into next year.

UTE delivers country’s tallest JLG Ultra Boom Lift for SAGT

United Tractor & Equipment (Pvt) Ltd (UTE) recently commissioned a JLG 1200 SJP Ultra series articulating boom lift, for its client South Asia Gateway Terminals (Pvt) Ltd (SAGT). 

Rubber prices bounce back amid stormy weather

Rubber prices in the Colombo Auction have bounced back in recent weeks with the inclement weather suppressing supply. Data from Forbes & Walker Commodity Brokers (Pvt) Ltd and government sources showed that of the latex range, Latex Crepe No. 1X averaged Rs. 345 on 

Rupee up on bank dollar selling

REUTERS - The Sri Lankan rupee edged up yesterday as banks sold dollars with subdued importer dollar demand due to measures taken by the government to discourage vehicle imports, dealers said.

Tea exports to Poland could be further enhanced: CCC Chief

Ceylon Tea is well known in Poland and the potential to increase our exports of tea to Poland further is immense. We also urge the Polish business community to look at other agricultural products for import and export to boost...

Netherlands extends support to local industries

?The new Netherlands Ambassador Joanne Doornewaard was the chief guest at the recent PUM Netherlands Senior Experts presentation of their services to local industries. 

Bank of Ceylon acknowledges Year 5 scholarship achievements

?The Bank of Ceylon extended its warm wishes to all island best students who performed exceptionally well at year 5 scholarship examination. 

LBR-LBO Infrastructure Summit to focus on sustainable smart cities

The LBR-LBO Infrastructure Summit organised by the Lanka Business Online (LBO) will be kicked off on November 3 at the Cinnamon Grand Hotel. 

Lamudi to host second annual Real Estate Conference this month

?The second annual real estate conference will take place on October 21, from 3pm - 8pm, at the Bandaranaike Memorial International Conference Hall.