Over 50 scholarships to be awarded during Adyapana 2015 exhibition

?Education is indeed the bedrock for the future success of a youth, a country and a generation. It is an undeniable truth that a sound secondary and tertiary education would most certainly pave a path of greater success for the individual and society at large.

Rupee ends steady on state bank dollar sales

?REUTERS: The Sri Lankan rupee ended steady yesterday as a state-run bank sold dollars to offset importer demand for the greenback, a day after the currency hit a record low.

Resus Energy’s board representation at Panasian Power dwindles

?Resus Energy PLC was voted out to have a greater board control of mini hydro power developer Panasian Power PLC at the company’s Annual General Meeting held this Monday. 

IFC likely to appoint new country head for Sri Lanka

?International Finance Corporation (IFC) of World Bank Group is likely to appoint a new country head for Sri Lanka. 

Sri Lanka July trade gap narrows sharply

?Sri Lanka trade gap in July narrowed a significant 32.3 percent year-on-year (yoy) to US $ 601.8 million with imports falling at a faster pace compared to exports. 

Consumer-driven rally to cool off soon with fiscal tightening: Brokerage

??With monetary and fiscal tightening measures around the corner, the consumer-driven growth is largely expected to slow down, according to a research arm of a leading stock brokerage. 

Industrial Association urges govt. to impose FDI-friendly legislation

The Industrial Association of Sri Lanka urged the government not to impose legislation which would harm future foreign direct investments (FDIs) to the country.

MTD Walkers raises Rs.3bn via debentures

?Construction industry leader MTD Walkers PLC drew in Rs. 3.04 billion in debt funding through its debenture issue this week.

ADB awaits new govt. policies to plan out lending

The Asian Development Bank (ADB) said that they were waiting for the new government to formulate and streamline new national policies so that the ADB could match their Country Partnership Strategies (CPS) with them to plan out lending to the country.

Banking in Sri Lanka; how important is English language proficiency in this industry?

The banking industry in Sri Lanka is a stable, vibrant, market driven industry with approximately 80 institutions operating island wide, Banking as a career has always been one of the most sought after professions in the country with youth in Sri Lanka aspiring to work in a leading bank. 

Industrial Clothings emerges Best Innovative Exporter at NCE Awards 2015

Organised annually by the National Chamber of Exporters of Sri Lanka (NCE), Export Awards 2015 was graced by International Trade State Minister Sujeewa Senasinghe and Foreign Affairs Deputy Minister Dr. Harsha De Silva ...

Ampara District Chamber organises ‘Digamadulu Navodaya’ trade fair

The Ampara District Chamber of Commerce and Industry in collaboration with the Primary Industries Ministry, Ampara District Secretariat, International Economic Cooperation Institute (ICEI), GIZ and German Cooperation is organising the ‘Digamadulu Navodaya’ trade fair. 

CIC’s stationery brand CIAL launches premier ballpoint pen range

?CIC’s stationery brand, CIAL recently launched its premier ballpoint pen range at the Rajarata University Career Fair. The event was conducted in collaboration with the Ceylon Chamber of Commerce (CCC) and CIC supported the event as one of the main sponsors. 

Rate hike not ruled out if credit continues to accelerate: CB

Despite inflation remaining at benign levels, Sri Lanka will have to jack up interest rates if credit growth continues to grow at a faster pace, Central Bank (CB) Governor Arjuna Mahendran said.

Trans-Pacific Partnership spells trouble for Lankan apparel sector

?The signing of the Trans-Pacific Partnership (TPP) agreement touted as the ‘21st century trade agreement,’ could spell trouble for the Sri Lankan apparel sector and Sri Lanka must ask for similar treatment, according to a leading economist.

Fourth ‘Ease of Doing Business’ forum on this Thursday

?The fourth ‘Ease of Doing Business’ forum is scheduled to be held on October 1 at Miloda Centre Auditorium Colombo 1. This event, chaired by Finance Minister Ravi Karunanayake, will bring on the spot solutions for business entities to uplift the business environment in Sri Lanka. 

Tourism stakeholder cautions not to kill the goose laying golden eggs

A leading tour and hotel operator in the country called on the industry stakeholders to become sustainable and not kill the goose that lays the golden egg. “This industry has the potential to cure many, if not all the ills of the country. It is in fact the low hanging fruit.

Public servants to fill leisure sector HR dearth long shot: Dinesh

?Getting public servants to switch careers to the leisure sector to address the human resource shortage in the sector would not be the way to address the issue, according to National Human Resource Development Council Chairman Dinesh Weerakkody.

Rupee hits new record closing low

?REUTERS: The Sri Lankan rupee closed at a fresh record low yesterday as dollar selling by exporters helped the currency recover from a record intra-day low, offsetting demand for the greenback by importers, dealers said.

Lankan private health sector poised for strong sustainable growth: Fitch

Sri Lanka’s private health sector is poised for strong sustainable growth for the foreseeable future, international ratings agency Fitch Ratings said.

Marriott’s new resort and spa in Weligama uses ACL fire retardant cables

ACL Cables PLC has supplied 100 percent of the wiring for international hotel chain Marriott’s new resort and spa in Weligama. 

ETA Melco celebrates 35 years in Sri Lanka

?ETA Melco, the global leader in providing end-to-end solutions in vertical transportation celebrated 35 years of their market presence in delivering excellence in a gala event held at the Grand Ballroom of Galadari Hotel on 10th September 2015.  

ABC T&I appoints Appollo Distributors as Maxell re-distributor

ABC Trade & Investments (Pvt) Limited, one of Sri Lanka’s leading IT products companies and the authorized distributor in Sri Lanka for Maxell Consumer Batteries, has appointed Appollo Distributors (Pvt) Ltd as a re-distributor for Maxell batteries. 

Turkey-Sri Lanka business chamber inaugurated

The Turkiye-Ceylon Business Chamber was inaugurated this week to promote bilateral ties and exploit opportunities between the two countries and the world.

An international perspective of the Sri Lankan real estate market

?Aside from noticeable evidence, the growth of the economy, specifically the real estate and tourism sectors in Sri Lanka, have been repeatedly publicised over the post-war period. Yet, how do international investors perceive it?

Seylan Scholar partners Adyapana 2015 as Official Banker

?Seylan Bank, redefining the boundaries of higher education joins Adyapana 2015 as the official banking partner organized by Lanka Exhibition and Conference Services and driven by St. Thomas’s College Old Boys’ Association for the tenth consecutive year.  

Hayleys Industrial Solutions organises joint seminar on performance tyres, technical rubber goods an

?Rhein Chemie Additives, a Lanxess Business Unit affiliated to Hayleys Industrial Solutions, jointly organised a technical seminar for performance tyres, technical rubber goods and latex products recently at the Kingsbury Hotel. 

Ceylon Chamber Import Section to mark 80th anniversary

The Import Section of the Ceylon Chamber of Commerce (CCC), which is regarded as the largest grouping of local importers, will mark its 80th anniversary on November 22, 2015, thus marking an eventful and productive service contributed to the Sri Lankan economy.

Excon 2015 to enable rapid infrastructure development in Sri Lanka and SAARC region

?Confederation of Indian Industry (CII) in association with the Ceylon Chamber of Commerce and Indian High Commission organised a preview on Excon 2015 – South Asia’s largest event for the construction equipment industry.

Home Lands Skyline launches Luxe Residencies

One of the leaders in the Sri Lankan real estate industry – Home Lands Skyline Pvt. Ltd., a fully owned subsidiary of Home Lands Pvt Ltd headed by Nalin Hearth recently added another brand to the company’s flagship condominium project ‘Luxe Highway Residencies’...