BOC debentures total Rs.45bn with latest debt offering

?With its latest Rs.8 billion debenture, the total listed debentures issued by Bank of Ceylon (BOC) amounts to Rs.45 billion, the state-owned banking giant said in a statement.

People’s Leasing to raise Rs.6bn in debt

?People’s Leasing & Finance PLC (PLC), the leasing and finance arm of state-owned People’s Bank, is to raise up to Rs.6 billion by issuing senior unsecured debentures. 

Rupee ends higher on dollar selling by bank

?REUTERS: The Sri Lankan rupee ended firmer yesterday as a private bank sold dollars amid tepid demand for the greenback from importers, dealers said.

JKH broking arm appoints Hishantha as Acting CEO

?John Keells PLC, the commodity and stockbroking arm of the country’s largest conglomerate John Keells Holdings PLC (JKH), has appointed Hishantha de Mel as the Acting CEO following the resignation of Sudath Munasinghe.

Inaugural China Products Trade Exhibition to be held in November

A successful global brand – The China Products Exhibition – is being launched in Sri Lanka for the first time. 

Journal invites papers on national income accounting

?Sri Lanka Economic Journal is planning to publish an issue dedicated to national income accounting and related issues as its next publication. 

BOI Chief to meet biz community at breakfast meeting

Board of Investment (BOI) Chairman Upul Jayasuriya will meet the business community at a breakfast meeting to be held on 19th October to outline BOI’s new policies and practices adopted to attract FDIs.

HNBA and Access Engineering onboard as CA Sri Lanka training partners

Access Engineering PLC and HNB Assurance PLC recently came onboard to further boost the training partner portfolio of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). 

Nippon Paint clinches ‘Asian Brand Heritage Award’

Asia Enterprise Brand Awards (AEBA) is a premier awards platform in Asia which aims to recognise successful local and foreign brands and accelerate the growth of up-and-coming brands in the region. 

Embark opens mini concept store at BIA

Visitors to Sri Lanka as well as Sri Lankans travelling overseas can now support the country’s brand with a cause and live the passion prior to departure, following the opening of an independent Embark store at the Bandaranaike International Airport (BIA) Katunayake.

Prima Sunrise rewards customers once again

As a means of rewarding loyal customers of Prima Sunrise White Bread, the company has launched the Prima Sunrise Scratch & Win Promotion yet again.  The promotion is scheduled to run from the 1st of October to the 30th of November. 

ReeBonn introduces latest herbal oil to local market

ReeBonn Cosmetics, one of the leading herbal cosmetics companies in Sri Lanka launched its newest product ReeBonn Premium Hair growing and scalp nourishing oil. 

Yamaha Music Centre and Singer in retail collaboration

Yamaha and Singer, two of the world’s top brand names, have come together in a retail collaboration in Sri Lanka to enhance access to a select range of musical instruments and home theatre systems.

Asian states hail deal on world’s largest free trade area

AFP: Asian members of the newly-minted Trans-Pacific Partnership yesterday hailed the deal to create the world’s largest free trade area, with Japan calling it the start of a “new century” for the region.

Sri Lanka should set arrival targets for each tourism source market: expert

Sri Lanka needs to have targets for each of its source markets in terms of aspired tourist arrivals, according to a regional tourism expert.

Anti-dumping Bill to be presented to parliament

A finalized draft of the Countervailing Duties and Safeguards Bill will be forwarded for Parliamentary consideration soon, a high-level bureaucrat said.

NCE welcomes proposed EPF, ETF merger move

National Chamber of Exporters (NCE) yesterday commended the proposed move to merge the two superannuation funds—Employees’ Provident Fund (EPF) and Employees’ Trust Fund (ETF). 

Japan promises Sri Lankan PM infrastructure, maritime aid

REUTERS - Japanese Prime Minister Shinzo Abe pledged aid to Sri Lanka yesterday in a meeting with his counterpart, Ranil Wickremsinghe, and reiterated a promise to help Sri Lanka bolster its maritime security and to provide patrol ships.

Fitch withdraws DVB’s ratings on merger with DFCC

?Fitch Ratings yesterday withdrew DFCC Vardhana Bank PLC’s (DVB) National Long-Term Rating of ‘AA-(lka)’ with Stable Outlook. 

Tapping emerging markets key to boosting exports: Hayleys Chairman

Identifying the reason why Sri Lanka’s exports are contributing less to gross domestic product (GDP) and what can be done to reverse this trend are two of the issues explored by Mohan Pandithage, ...

wOw.lk with Classic Travel launches ‘Shop and Fly’ promo

wOw.lk, Sri Lanka’s largest online shopping mall, recently partnered with Classic Travel to launch the ‘Shop and Fly’ promotion.

Crosspoint wins big at Zebra Technologies Partner Conference

Crosspoint Business Solutions (CBS) was recognized at the Zebra Partner Conference held recently for its outstanding contribution to Zebra Technologies in the Sri Lankan market and was awarded the prestigious ‘Subcontinent Partner of the Year’ - the only Sri Lankan company to get this award. 

Import Section and ISMM plan seminar on ‘Supply Chain Management’

The Import Section of the Ceylon Chamber of Commerce (CCC) and the Supply and Materials Management Institute, together will hold a seminar titled ‘Creating Competitive advantage through Supply Chain Management’.

Samagi Spice Exports bags Gold at Export Excellence Awards 2015

Samagi Spice Exports (Pvt.) Limited excelled at Export Excellence Awards 2015 organised by the National Chamber of Exports (NCE) held recently by bagging a Gold award in Best Performance in Emerging Markets and a Bronze in Agriculture Bulk Sector – Extra Large category.

MTD Walkers unveils new ‘Walkers CML’ brand identity

Integrated infrastructure and engineering solutions provider, MTD Walkers PLC yesterday unveiled its new brand identity ‘Walkers CML’ in line with its 162nd anniversary celebration.

CIMA President meets British High Commissioner

?CIMA President Myriam Madden with British High Commissioner to Sri Lanka James Dauris, CIMA Sri Lanka Board Chairman Vipula Gunatilleka and CIMA MESANA Regional wwDirector Bradley Emerson

Premier to issue national policy statement next month

Prime Minister Ranil Wickremesinghe will be issuing a national policy statement at the onset of November, Finance Minister Ravi Karunanayake said.

Finance Minister to ask for more IMF aid

?Sri Lanka’s Finance Minister Ravi Karunanayake is to ask for more aid from the International Monetary Fund (IMF) during the Annual Meeting of the World Bank (WB) Group and the IMF, which will take place in Lima, Peru from October 9 to 11.

Tea Board to set up tea shops across island

?The Sri Lanka Tea Board (SLTB) will be setting up tea shops across the island to let the public enjoy a quality cuppa at an affordable price, according to the Plantation Industries Minister.

Pre-budget World Bank wake-up call for Sri Lanka

The World Bank (WB) this week commended the new government for its commitment to carry out much-needed political and economic reforms, but having acknowledged what has been done, the global lender stressed there is much more ...