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. 

National Chamber conducts seminar on ‘Practical Time Management’

A half day seminar on “Practical Time Management” will be held on 30 October from 2.00 pm to 5.00 pm at the National Chamber Auditorium,   Colombo 10.

SAGT receives top productivity rankings from USA’s Journal of Commerce

South Asia Gateway Terminal (SAGT) is recognized by the Journal of Commerce (JOC USA) in its annual Terminal Productivity Ranking 2014 as number one in South Asia and four in the world.

EU pledges 43mn euro grant for regional development, technical assistance

The European Union has agreed to provide a grant of 43.7 million euros for regional development purposes and to provide technical assistance, Cabinet Spokesperson Rajitha Senaratne said.

Sri Lanka’s 2016 expenditure estimated at Rs.3, 138 bn

?Sri Lanka’s total spending for the next year is estimated at Rs.3, 138 billion and the estimated revenue is Rs.1, 789 billion inclusive of foreign grants.

Storm brews in Ceylon tea cup with falling auction prices

Storm brews in the Ceylon tea cup as the monthly tea auction prices took a further plunge in September, despite being a promising season for recovery.

Kingsbury to manage Platinum Apartments

?The Kingsbury PLC, the owners of The Kingsbury Hotel yesterday said it had entered into an agreement with Platinum Realty Investments (Private) Limited to manage the Platinum Apartment Complex located in Colombo 03.

Laksathosa to embrace Singaporean model for revival

?Sri Lanka is to get Singaporean technical assistance for the revival of the state-owned retail chain Laksathosa, which has about 310 outlets island wide, the country’s Industry and Commerce Ministry said.

Atlas introduces premium range of aspirational books

Today’s learning patterns have changed considerably from yesteryear – children are encouraged to think outside the box, engage in disruptive ways to discover new learning experiences and experiment with innovation. 

‘Team Jeep’ takes honours at Jeep Wrangler Southern Night Rally 2015

Team Jeep emerged as the overall winners at Jeep Wrangler Southern Night Rally 2015. The Southern Night Rally, nicknamed as ‘the journey through the wilderness of the South’ took place from September 25 night till the 26th morning.

Anura Group holds Dealer Conference 2015

Anura Group of Companies, a pioneer in the Motor Spare parts trade counting 38 years of successful business activities, held a Dealer Conference assembling 400 dealer representatives from all parts of the island recently at Cinnamon Lakeside Hotel, Colombo.

Jlanka Technologies redefines energy for the future

JLanka Technologies will be showcasing an array of revolutionary products and POCs at the Techno exhibition scheduled to be held from the 09th to the 11th of October at the BMICH. 

Mobil Lubricants partners with MyDeal.lk and MyStore.lk

McLarens Lubricants Limited, the exclusive distributor for Mobil lubricants in Sri Lanka, recently tied up with MyDeal.lk and MyStore.lk, two of the country’s leading e-commerce websites. 

Laugfs Car Care partners with RamaDBK for exclusive service offer

Laugfs Car Care has entered into a partnership with RamaDBK to provide an exclusive service offer to RamaDBK customers through its Car Care service centres.

Bureaucratic turf wars must end for economic diplomacy to begin: Harsha

?The ‘turf wars’ among different government agencies must end for the much-touted economic diplomacy to take off, according to the country’s Deputy Foreign Affairs Minister Dr. Harsha de Silva who spoke at a recent forum in Colombo. 

Airtel to add 150 network towers by end-2016

Airtel Lanka yesterday shared its plans of expanding its network infrastructure, affirming its commitment to continue servicing the Sri Lankan market.