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. 

Interim budget revenue proposals key for meeting this year’s deficit target

The budget deficit numbers outlined in January’s interim budget will be met if the new parliament will pass the revenue measures which were proposed in January, the country’s top Finance Ministry official said.

Rupee at record low on importer dollar demand

?REUTERS: The Sri Lankan rupee weakened 0.3 percent yesterday, hitting a record low for a third session in a row due to importer dollar demand, although some exporter conversions of dollars capped the fall, dealers said.

State Minister of Finance assumes duties

?Sri Lanka Freedom Party national list MP Lakshman Yapa Abeywardena yesterday assumed office as the State Minister of Finance at the Finance Ministry in the presence of Finance Minister Ravi Karunanayke and President Maithripala Sirisena.

Asset Radio clinches CNCI Gold Award

The Annual CNCI Achievers Awards is organized by the Ceylon National Chamber of Industries to recognize entrepreneurs in the industrial sector for their achievements in the service sector. 

‘Prima Stella’ conducts cricket camp for future champions with Sanga

Prima Stella along with Kumar Sangakkara will be conducting a cricket training camp for young cricketing enthusiasts on the 2nd of October.  

Humriz pioneers in jewellery making technology in Sri Lanka

Leading promoter of Jewellery Casting Machinery Tools and Consumables, Humriz (Pvt) Ltd had its stall at the 25th Facets Sri Lanka Jem and Jewellery Exhibition recently. 

McLarens Lubricants conducts industry knowledge-sharing seminar

?McLarens Lubricants Limited, sole distributor for ExxonMobil in Sri Lanka, recently conducted an industrial seminar on the topic of “Good practices in lubrication”. 

ComBank wins int’l recognition for Green Banking efforts

The Commercial Bank of Ceylon’s efforts to make its operations more eco-friendly have been acknowledged internationally with the award for ‘Best Sustainability – Green Initiative’ at the 2015 Asian Customer Engagement Forum (ACEF) Awards in Mumbai.

Otara launches new collection for Embark at Galle Fort store

Otara Gunewardene, the trendsetting Sri Lankan entrepreneur, an inspirational businesswoman, a philanthropist and change maker has always been passionate about being kind and compassionate to animals and promoting animal welfare. 

Roshan Motha appointed PFAN Country Manager for Sri Lanka and Maldives

The Private Financing Advisory Network (PFAN), which is a multilateral, public-private partnership initiated by the Climate Technology Initiative (CTI), in cooperation with the UNFCCC Expert Group on Technology Transfer...

Dialog Television revolutionizes pay television industry with new daily rental connection

?Dialog Television, the leading pay television network in the country, with over 500,000 customers launched their newest prepaid connection ‘Power Play’ to the market recently. 

South Asia Textile Industries Lanka kicks off Rs. 1 bn expansion programme

Leading Sri Lankan textile manufacturer South Asia Textile Industries Lanka recently kicked off an ambitious expansion programme, having already begun investing what will ultimately be over Rs. 1 billion, in total, in the latest 5th Generation Hybrid...

Laugfs celebrates 20 years with 20-days of special offers

?In celebration of completing 20 years of trust and excellence, Laugfs recently announced 20 days of special offers, discounts and giveaways from across its diverse portfolio of products and services.

Singer and Education Ministry to improve Home Science subject in schools

?A home-cooked meal is at the heart of a healthy family, providing wholesome nutritional goodness. 

Engineers’ Association organises ‘CEPA for Whose Benefit?’ seminar

?The Sri Lankan Engineers’ Association (SLEA) has organised a public seminar titled ‘CEPA for Whose Benefit?’ on Thursday, September 17, to create awareness on the Comprehensive Economic Partnership Agreement (CEPA) with India.