Proposed Finance Bill deter private sector investments: chamber

The proposed Finance Bill discourages private sector investment as it sends a negative signal and is likely to deter investment, the country’s premier trade chamber Ceylon Chamber of Commerce (CCC) said.

EMS provider Falck exits citing commercial unviability

The world’s leading emergency medical service (EMS) company Falck announced that it would be halting its Sri Lankan operations at the end of October.

Korean biz delegation in town this week

A one-to-one business meeting event organised by Kotra Colombo (Commercial Section of the Embassy of the Republic of Korea) is schedule to be held on Friday, October 9, 2015, at Cinnamon Grand Hotel.

Govindasamy re-elected as Indo-Lanka Chamber President

Watawala Plantations Group Managing Director Vish Govindasamy was re-elected as the President of the Ceylon Chamber-led Indo-Lanka Chamber of Commerce and Industry (ILCCI) at its seventh Annual General Meeting held last Friday in Colombo.

Unauthorized LG air conditioners in the market

Abans, the sole agent for LG air conditioners in Sri Lanka, markets them exclusively with all duties and government taxes paid legally through its network....

JLanka overcomes burning issue of firefighting solar paneled structures

The prospect of a structure; be it a residence or a place of business, catching fire is never easily dismissed.

Bitumix shines at CNCI Achiever’s Awards

Bitumix (Private) Limited, a hundred percent Sri Lanka business entity which is holding the flagship position in the local Bitumen industry recently ....

Macksons Paint Industries wins Gold at NCE Export Awards

Macksons Paint Industries (Pvt) Ltd, the country’s largest paint exporter was adjudged the best in their category at the 23rd annual NCE Export Awards 2015, which was concluded recently at Hilton Colombo. 

StanChart says no room for further monetary easing

Taking an apparent ‘U turn’, from its stance in June this year, Standard Chartered Bank (StanChart) last week said they do not see any room for further ...

Finance Ministry to establish think tank process

The Finance Ministry will be establishing a think tank this week to provide the ministry with comprehensive insights into the economy.

Excise duty hike to push public towards illegal alternatives

The government’s recent decision to hike excise duties to raise revenue to support the budget deficit is likely to push the populace to use riskier substances which are mostly illegal and pose higher health risks. 

Renuka swaps shares to take near full control of Shaw Wallace

In a bid to restructure and streamline the value chain among its group companies, the diversified conglomerate, Renuka Foods PLC offered to acquire 38.77 percent stake in its subsidiary,

Splendid September for tourism

September turned out to be splendid for local tourism as the industry saw arrivals for the month swelling 35.9 percent year-on-year (YoY),...

Sampath to raise Rs.7bn via debentures

?The board of directors of Sampath Bank has decided to raise Rs.7 billion through a debenture issue.

ILO to launch Global Employment Trends report

The International Labour Organization (ILO) will launch its Global Employment Trends for Youth 2015 report on 8 October.  The report provides the latest global and regional figures on youth employment, as well as the quality of employment in both developed and developing countries

China, US rate hike loom over global finance summit

AFP - Clouds are gathering over the world’s economic leaders ahead of a meeting in Peru to confront the fallout of a China-sparked commodity price crash that has rocked once-powerful emerging markets.

Blanket amnesty for money repatriated from Swiss Banks: FinMin

The government extended an olive branch to all Sri Lankan nationals, allowing them to repatriate all foreign investments with no questions asked. “Please bring back your money to Sri Lanka. We won’t ask any questions and we will guarantee safety. 

Tourism promotion in key markets

Tourism Minister John Amaratunga  met with British High Commissioner James Dauris, Australian High Commissioner Robin Moody and Russian Ambassador Alexander Karchava recently to discuss new opportunities for Sri Lanka 

Otara Foundation appeals to govt. to enact new Animal Welfare Bill

The Otara Foundation is to press the government to enact the new Animal Welfare Bill by mobilising mass public support for the legislation via a 100,000 on-line signature campaign launched to mark World Animal Day, celebrated globally on 4th October.

Sri Lanka’s access to 2.5 bn market, key to attract FDIs: Economist

Sri Lanka’s marketing campaign to attract foreign direct investments (FDIs) to the country has to tell the world that Sri Lanka has a 2.5 billion market, a leading economist said.

HSBC Premier MasterCard Rugby World Cup promo winners off to Twickenham

As the ongoing Rugby World Cup continues to enthral fans worldwide, three lucky HSBC Premier customers and their companions have won the chance to witness the greatest Rugby spectacle in the world - The 2015 Rugby World Cup - semi-finals to be held on October 25, 2015 in Twickenham, UK.

Ceylinco Healthcare offers up to 20% off on breast cancer screening this October

The Ceylinco Healthcare Centre will join institutions around the world this October to promote early detection as a means of minimising the adverse impacts of breast cancer on individuals and communities, to mark the month dedicated universally to breast cancer awareness.

Elephant House Sausage Hacks campaign launched via social media

In an innovative move to engage consumers via social media and technology-based utilities, iconic Sri Lankan brand Elephant House Sausages recently announced the launch of a social media campaign supporting the launch of an innovative ‘Elephant House Sausage Hacks’ recipe source. 

Astra introduces ‘Wadawamu Lanka’ initiative

Nutrition has always been an area of importance for mothers everywhere – all mothers want their children to be healthy but there are many factors that prevent children from getting adequate levels of nutritious food; children can be fussy eaters and often, mothers themselves may experience knowledge gaps. 

EZY, Intel educate channel partners

EZY, with the partnership of Intel Sri Lanka, organised a special dealer meeting for its registered channel partners last week at Hotel Galadari Colombo. The aim of the meeting was to educate EZY’s

E FM and Playtrix offer travel packages to Hong Kong Rugby Sevens

This month, 20 of the best teams in the world battle it out for ultimate glory, the prestigious Webb Ellis Cup, at the 2015 Rugby World Cup. To facilitate a one-of-a-kind World Cup viewing experience, Sri Lanka’s lifestyle station E FM has partnered with Playtrix, located at CR & FC, No: 28, Malalasekara Mawatha,

IIHS begins health science courses for after A/Ls

International Institute of Health Science (IIHS), which is among reputed education institutions in the country, has taken measures to start nursing, physiotherapy and bio medical science courses for students who get through G.C.E. Advanced Levels. These courses include diplomas, degrees and postgraduate courses under those three streams. 

Pan Asia Bank Sports Club powers Marians Unplugged on October 4

The popular band, Marians will take the stage of the Bandaranaike Memorial International Conference Hall (BMICH) on October 4 at 6:30 p.m. for an evening full of acoustic music and dazzling entertainment. 

Blue Mountain hosts APEX Awards for Excellence for staff

The Blue Mountain group recently conducted its APEX Awards for Excellence to recognize and appreciate the sales staff throughout the group, who have delivered an exceptional performance in the first quarter of 2015/2016.

USJP MBA 2013, 2014 and 2015 batches hold get-together

On the verge of completing two years of the programme, the 2013 batch of MBA/MSc./MPM in Management Programme of the University Sri Jayewardenepura, decided to have their annual get-together couple of months prior to their course completion. The endeavour was a consequence of the initial