Sierra Cables to set up manufacturing plant in Africa

Listed power cable manufacturer, Sierra Cables, yesterday announced plans on expanding its reach by venturing into the African region.

Sri Lanka, a regional black sheep in external front: ADB

Despite the substantial fall in the global oil prices, Sri Lanka has worsened its external current account position while its regional peers have been able to contain their current account deficits taking advantage of lower import bills...

Eyebrows raised as President announces Ministry subjects

President Maithripala Sirisena yesterday announced the subjects he had allocated to his Cabinet of Ministers through a Special  Gazette notification.

UNHRC resolution impact on capital market short-lived: Analysts

Developments regarding Sri Lanka’s position at the on-going United Nations Human Rights Council (UNHRC) sessions in Geneva is expected to have negatively impacted the local capital market, but analysts observe the situation is not grave and will be short-lived.

Atlas launches “family creative challenge” at book fair

?Atlas, Sri Lanka’s leading brand in school and office stationary was part of the ever popular International Book Fair, now in its 17th year of existence. 

DSI Premier Showroom opens at Union Place

?D. Samson & Sons (Pvt) Ltd branched out with the 205th showroom in the DSI retail chain on 16th of September, at Union Place, Colombo 2. 

Metropolitan introduces new Acer and Canon products for dealers

Metropolitan Computers (Pvt) Ltd unveiled an exciting new range of Acer and Canon products with an exclusive event at Taj Samudra Hotel for dealers recently. 

wOw.lk partners with Metropolitan as exclusive authorized online reseller of Canon cameras

wOw.lk, Sri Lanka’s largest online shopping mall, recently partnered with Metropolitan PhotoHub (Private) Limited, as the official online reseller of Canon cameras in Sri Lanka. 

Sunrich biscuits clinch international awards

One of Sri Lanka’s leading biscuit manufacturers – Sunrich Confectionery Private Limited bagged a hallmark achievement in the global food and beverage industry by winning two much-coveted International Taste and Quality Institute (ITQI) Awards in Belgium recently.

Stockbroking arm sale leaves Asia Capital with Rs.98mn capital gain

?The Asia Capital PLC annual report reveals that the group had gained a profit of Rs.98.12 million through the sale of its stockbroking subsidiary Asia Securities (Pvt.) Ltd last year.

Finlays plantation subsidiary transferred to secondary board

?Hapugastenne Plantations PLC, a subsidiary of the Finlays group, has been allowed to transfer its shares from the Main Board of the Colombo Stock Exchange (CSE) to the secondary Diri Savi Board.

EAP Broadcasting may renew plans to sell debentures

?EAP Broadcasting Company (EAP) may opt to go for a scaled-down debenture issue to partly finance its proposed theatre complex, a top company official said. 

Mobile-based micro lending to drive Sri Lanka’s banking sector growth

?With the very high mobile penetration and mobile banking platforms being developed in the country, mobile-based micro lending is poised to become one of the primary growth drivers in the banking sector in Sri Lanka, according to an independent research company.

Stakeholders renew call for tea industry liberalisation

As Ceylon tea continues to struggle to brew a strong cuppa, top industry stakeholders have renewed their call for the government to liberalise the tightly controlled industry, so it can work towards the much-needed progress while sustaining a healthy growth momentum.

Hospitality experts divided over regulating informal sector

Mixed signals are coming out of the bureaucratic woodwork over the regulation of the informal accommodation in the hospitality sector.

British Council and HSBC to hold ‘Kids Read Community Events’

The British Council in collaboration with HSBC has embarked on a project to foster reading in children, by engaging them and their respective teachers and families in a series of activities, community events and competitions based on reading. 

National Chamber to host high-powered Bangladesh business delegation

The four-member business delegation from the Bangladesh Export Processing Zones Authority (BEPZA) will be visiting Sri Lanka and the National 

NCC to conduct CSR health awareness programme for women

The National Chamber of Commerce (NCC) of Sri Lanka in association with Apeksha Fertilitycare (Pvt.) Ltd is conducting a women’s health awareness seminar for the wellbeing of women in general on Thursday, October 1, 2015, at the chamber auditorium, from 3:00 p.m. to 4:30 p.m. 

Turkey-Ceylon Business Chamber to be inaugurated

?The inauguration of the Turkey-Ceylon Business Chamber (TCBC) will take place at Cinnamon Grand Hotel tomorrow.  

SLSBC holds 18th Annual General Meeting

The 18th Annual General Meeting of the Sri Lanka - Singapore Business Council (SLSBC) was held on September 15, at the Ceylon Chamber of Commerce. 

Ceylon Chamber-Beijing Chamber sign MoU to promote commercial ties

The Ceylon Chamber of Commerce (CCC) and Beijing Chamber of International Commerce yesterday signed a Memorandum of Understanding (MoU) to work together to promote trade and commercial ties between the two countries.

Photo Technica bags National Merit Award at CNCI 2015

Photo Technica (Pvt.) Ltd, the sole official distributor for Nikon cameras in Sri Lanka, was honoured with a National Merit Award in the service sector at the CNCI Achiever Award ceremony 2015.

Jaffna apartments offer unique opportunity for Sri Lankan property investors

The completion of the first luxury residential apartment in Jaffna has seen a strong response from domestic and international investors keen to capitalise on the growing regional economy.

Stax positions Sri Lanka as an investment hot spot in Singapore

Stax Inc., a global strategy consulting firm, delivered a cohesive presentation highlighting the country advantage and the untapped potential of Sri Lanka at a high-profile event held in Singapore recently. 

Airtel-Evoke award ‘Welcome Tune Motor Bike Offer’ promo winner

?Bharti Airtel Lanka and Evoke International recently announced the winner of the Airtel ‘Welcome Tune Motor Bike Offer’. 

Abans introduces Easy Cook convection oven

?Thanks to the innovative Easy Cook convection oven you can now satisfy your craving for fried food and enjoy everything you have been longing to indulge in. 

Ranil ensures tourism development benefits to SMEs

The government will take into consideration the aspirations of the small and medium sector (SMEs) when devising plans to develop the tourism sector, Prime Minister Ranil Wickremesinghe said on Saturday. 

IMF projects higher deficit for Sri Lanka

The International Monetary Fund (IMF) recently said Sri Lanka’s budget deficit would be worse than projected by the government this year, and passed on recommendations for the 2016 national budget.

No more Samurdhi and Divi Neguma receipts in cash

Towards a creating society using less cash, the Central Bank (CB) in collaboration with Lanka Clear Private Limited is planning a ‘National Card System’ (NCS) to deliver social security payments in the country, according to a senior CB official.  

Policy change critical to accelerate poverty reduction: WB

During her recent visit to Colombo, World Bank (WB) Vice President South Asia Region Annette Dixon remarked that policy change is critical to accelerating poverty reduction and boosting shared prosperity in Sri Lanka.