Rupee rebounds from record low on state bank, exporter dlr sales

?REUTERS: The Sri Lankan rupee recovered after hitting an all-time low yesterday as late sale of dollar by exporters and a state bank helped recoup early losses, dealers said.

Ravi Fernando to conduct CA Sri Lanka Blue Ocean Strategy master course

The Institute of Chartered Accountants of Sr Lanka (CA Sri Lanka) has organised a one-day master course on ‘Blue Ocean Strategy..

CIMA President in Sri Lanka on Sept. 20

CIMA Sri Lanka’s golden jubilee celebrations marking its 50-year presence in the country will be held under the patronage of Myriam Madden, CIMA President for 2015/16.  

JLanka Technologies helps nation fast track Nanotechnology

JLanka Technologies, the nation’s pioneer in advanced solar power solutions was the main sponsor of the recently concluded 2nd Annual ....

JAT concludes Wood International Expo on high note

With the motive of pushing the domestic wood industry to greater heights, JAT Holdings,....

Japanese SMEs should enter Sri Lanka to explore Indian, Pak markets – SLJBCC Chief

“Sri Lanka has great potential to attract Japanese investors who are interested in investing in Sri Lanka,” said Kenichi Suganuma,...

Intex South Asia to be held on November 16-17 in Colombo

The global garment and apparel industry is now focusing its energies on South Asia as garment manufacturing shifts from China to South Asia.

ACL to hold 10th Corporate Law conference next week

For the 10th consecutive year, the Association of Corporate Lawyers Sri Lanka (ACL) has organised its annual Corporate Law Conference which will be held on 23rd September 2015 from 8.30 a.m. to 5.00 p.m. at the Hilton Hotel.

Nawaloka Construction enters global construction market

Nawaloka Construction Company (NCC) yesterday announced that it has successfully stepped into the global construction market having bagged a million dollar hospitality project in the Maldives.

DSI Premier Showroom in Bambalapitiya reopens after facelift

?Heralding the return of quality footwear to Bambalapitiya, the DSI Premier showroom at 513/515, Galle Road, Colombo 4, was re-opened with a new look and a multitude of designs and brands on the 14th of September. 

Dealers rewarded at LG-Abans Partners Get-Together 2015

LG-Abans Partners Get-Together 2015 was held at Hotel Galadari, Colombo on 4th September. This annual event is a red letter day in Abans calendar of annual events.

CEAT winners get trackside experience at Singapore F1 Grand Prix

?The adrenaline rush of Formula 1 racing at night will hit five lucky Sri Lankans who have won Grand Stand seats at the 2015 Singapore Grand Prix, plus air travel and accommodation in Singapore from CEAT, Sri Lanka’s highest-selling tyre brand.

Community engagement project wins Silver prize at int’l competition

?A construction training and community engagement project in rural Sri Lanka won the Silver prize in the most significant international competition for sustainable design and construction. 

National Chamber to hold session with  Swiss ambassador

?A session on ‘Bilateral Trade Between Sri Lanka and Switzerland’ with the Ambassador of Switzerland will be held on September 22, from 3:00 to 4:30 p.m., at the Chamber Auditorium, Colombo 10. 

Delhi proposes Indian investors’ forum in Colombo

Indian Finance and Corporate Affairs Minister Arun Jaitley had proposed an Indian investors’ forum in Colombo, sources close to Prime Minister Ranil Wickremesinghe said yesterday.

Laugfs scores multiple wins at CNCI Achiever Awards

?Laugfs clinched multiple awards for excellence at the recently held CNCI Achiever of Industrial Excellence Awards 2015 organized by the Ceylon National Chamber of Industries. 

CSE approves listing of BOC debt instruments

?The Colombo Stock Exchange (CSE) yesterday in principle granted approval to list the debt securities of state-owned Bank of Ceylon (BOC) amounting to Rs.8 billion.

Shares fall to one-week low

?REUTERS: Sri Lankan shares ended at one-week low yesterday, falling for a second straight day as investors turned cautious amid a weakening rupee and an upward trend in market interest rates.

Sri Lanka’s Prime Minister Ranil Wickremesinghe (C) shakes hands with Indian President Pranab Mukher

Sri Lanka’s Prime Minister Ranil Wickremesinghe (C) shakes hands with Indian President Pranab Mukherjee as Wickremesinghe’s wife Maitree (R) looks on before their meeting at India’s presidential palace Rashtrapati Bhavan in New Delhi, India, yesterday.

Dr. Harsha Cabral appointed to International Arbitration Court

At the World Council of the International Chamber of Commerce (ICC) held in Torino on 9th June 2015, Sri Lankan President’s Counsel Dr. Harsha Cabral was appointed a member of the International Court of Arbitration.   

Prof. H.A. de S. Gunasekera Memorial Oration 2015

The Prof. H.A. de S. Gunasekera Memorial Oration 2015 will be held on Monday, 21st September 2015 at 4:00 p.m. at the Senate Room, University of Peradeniya. 

Malaysian biz delegation in town next week

?A Malaysian business delegation will be in the country on the 23rd to hold meetings with the Sri Lankan counterparts to strengthen business ties, both in trade and investment.

CA Sri Lanka officials meet Maldives Finance Minister

?Arjuna Herath, the President of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently paid a courtesy call on Abdulla Jihad, Minister of Finance of Maldives during an official visit to Malé. 

Pakistani delegation visits Biyagama Export Processing Zone

The Board of Investment of Sri Lanka hosted a delegation from The Federation of Pakistan Chambers of Commerce & Industry that included some of the leading industrialists in Pakistan and briefed them on the opportunities...

Sri Lanka’s rebased GDP grows at 6.7% in 2Q15

Sri Lanka’s gross domestic product (GDP) during the April-June quarter (2Q15) grew by 6.7 percent from the same quarter last year with all three pillars of the economy—agriculture, industry and services—performing better, the Census and Statistics Department (DCS) data showed.

New US $ 70mn Orion Towers to benefit IT/BPM sector

The St. Anthony’s group took another step in the development of Sri Lanka’s information technology/business process management (IT/BPM) sector, commencing the expansion plans of its US $ 70 million Orion Towers.

​Rupee hits record low for fourth straight session

REUTERS: The Sri Lankan rupee ended 0.4 percent weaker yesterday, marking a record low for a fourth session in a row due to importer dollar demand, although some exporter conversions of dollars capped the fall, dealers said.

Banking sector leaders in UAE for 2-day road show

?In an effort to promote Sri Lanka to the international market, heads of the banking sector left for United Arab Emirates (UAE) yesterday on a road-show organised by the Central Bank of Sri Lanka (CBSL).

Credit growth to be dampened by 70% LTV upper cap: Analysts

The Central Bank’s (CB) directive on setting the maximum loan-to- value (LTV) ratio at 70 percent on vehicles to improve the nation’s Balance of Payment (BOP) situation may augur well for the health of the overall economy...

HNB gets US $ 35mn DEG facility to beef up SME lending

HNB PLC has entered into an agreement with the German Development Finance Institution DEG to raise US $ 35 million through a 6-year senior long term loan.