Rupee ends weaker on importer dollar demand

?REUTERS: The Sri Lankan rupee ended slightly weaker yesterday, following a 3-percent decline in the previous session, as late importer dollar demand outpaced early exporter dollar sales.

Hydropower energy generation soars in first 5 months

Blessings from the weather gods helped the local energy sector’s production capacity shoot up within the first five months of 2015, saving the nation from having to further widen its trade deficit by importing more oil.

Kiddies & Toys appoint Delmege Healthcare as Farlin distributor

Delmege Healthcare of Delmege Forsyth & Co, one of Sri Lanka’s best known and trusted name has been appointed by Kiddies & Toys International (KTI) recently to handle the distribution of Farlin throughout Sri Lanka. 

A third door in LG double door refrigerators

?Abans, the sole agent for LG home appliances in Sri Lanka, has just launched LG Double Door Refrigerators with Door-in-Door feature which was hitherto unique only in LG Side-by-Side refrigerator models.

New Lloyds brings Instant Lasagne Kotthu for Sri Lankan food lovers

New Lloyds, a brand which has won the hearts of many for more than 35 years, introduced their newest product,..

President visits Facets 2015

?T?he 25th Intentional Gem and Jewelery Show ??- FACETS Sri Lanka 2015? ??organized by Sri Lanka Gem and Jewellery  Association at the BMICH? drew a large crowd. 

Eric Rajapakse Opticians opens high-tech outlet in Kadawatha

Eric Rajapakse Opticians’ latest showroom in Kadawatha is equipped with the latest refraction and tonometer facilities, providing complete eye examinations inclusive of eye pressure testing. 

Suncity Developers breaks ground for luxury Prestige apartments

?Suncity Developers announced that is has started vertical construction of its new luxury apartment complex at St. Anthony’s Road, Colombo 3. 

Japan to support new government on economic policies

A two-day seminar was organised by the Academy of Financial Studies (AFS) with the assistance of the Japan International Cooperation Agency....

YMF awards first batch of Speechcrafters

The Young Members Forum (YMF) awarded certificates for the first batch of its Speechcrafters who underwent ‘Speechcraft’ training, conducted at the Ceylon Chamber of Commerce (CCC).

Greater Mekong Sub region diplomats to discuss business with SL businesses

The Sri Lankan-based envoys of Vietnam, Myanmar and Thailand will hold discussions with the Sri Lankan businesses in a bid to explore two-way opportunities in trade, investment and tourism.

Naveen assumes office

MP Naveen Dissanayake yesterday assumed office as the Plantation Industries Minister,...

Reaping the benefits of Free Trade Agreements

In the recent years a common topic we have heard our leaders, both political and business, repeatedly harp on is with regard to increasing exports to help contract the trade deficit, 

International business platform kicks off this week

Mark your dates for next week’s big business event starting from September 11. Three days are the golden opportunity for you to explore new opportunities to assess, learn and interact, develop new business contacts...

Blue Diamonds reaching new heights

?Blue Diamonds Jewellery Worldwide PLC (BDJW), the manufacturer and marketer of the internationally acclaimed fine diamond jewellery is making steady progress in both local and international markets.

Rajkumar recognized at ‘Global Official of Dignity Awards’

Rajkumar Kanagasingam recently received the “Certificate of Special Congressional Recognition” from Karen Bass who represents California’s 37th congressional district in the United States House of Representatives after the Los Angeles....

Trade Promoters holds seminar on healthier lifestyle

?Trade Promoters Limited (TPL) recently hosted a seminar for its customers titled “Power your way to a healthier lifestyle”, focused on the engine of the human body – the heart.

Dr. Coomaraswamy to address Planters’ Association’s 161st AGM

?Economist Dr. Indrajit Coomaraswamy will be the Chief Guest and deliver the keynote address at the 161st Annual General Meeting (AGM) of the country’s apex plantation industry body – the Planters’ Association of Ceylon – to be held on 11th September. 

CNCI holds Achiever Awards to recognize industrial excellence

The Ceylon National Chamber of Industries (CNCI) recently held its annual award ceremony to honour the entrepreneurs in the industrial sector of Sri Lanka for their achievements in the fields for manufacturing and service industries. 

Innovation not value addition answer for current tea crisis

Ceylon Tea should focus on product innovation instead of the dying-out value addition model to get out of the current tea crisis, Singapore-based The Calamander Group Inc. Chairman Roman Scott, who owns the Coffee Bean and Tea Leaf franchise in Sri Lanka said.

Microsoft appoints new Country Manager for Sri Lanka and Maldives

?Microsoft announced that industry veteren and Australian national Brian Kealey has taken up office as the new Country Manager for Sri Lanka and the Maldives from 1st September 2015.

HNB in Rs.10bn debenture issue

?Hatton National bank PLC (HNB), Sri Lanka’s second largest private bank in terms of assets has opted to go for a Rs.10 billion debenture issue.

Pegasus Hotels demotes to stay listed

?The Colombo Stock Exchange announced that Pegasus Hotels of Ceylon PLC, a subsidiary of the Carson Cumberbatch group, has been transferred from the Main Board to the secondary Diri Savi Board upon a request of the company.

August tourist arrivals up 18.7%

Tourist arrivals to Sri Lanka continues to maintain its positive year-on-year (yoy) growth trajectory with the country having welcomed 166,610 visitors in August, an increase of 18.7 percent from the previous year, but a drop of 5.2 percent from the previous month.

Nivasie Developers recognised at Construct 2015

?Nivasie Developers Malabe (Pvt.) Ltd Managing Director Herman Gonsal received an award from President Maithripala Sirisena during the inauguration ceremony of Construct 2015 exhibition at the BMICH. 

Eagle Supply Chain Forum a success

Eagle Supply Chain Forum was held recently at Mahaweli Kendraya with 140 participants from over 100 different corporate companies in the island. 

Etisalat announces Denumai Millionayai Season 1 grand winner

?Etisalat Lanka recently announced the grand winner of the much anticipated Denumai Millionayai Season 1 SMS-based quiz competition at the Etisalat flagship store in Colombo.

Laugfs Petroleum conducts outbound programme for service excellence

?Laugfs Petroleum (Pvt.) Ltd recently concluded another successful session of a series of outbound training programmes for its employees at the picturesque National Training Centre (Green Centre) in Tholangamuwa.

Bandara Industrial Services to supply HealthyFla bulk packages

Encouraged by the increasing demand for HealthyFla ‘Haal Paan Piti’ 100 percent rice flour, Bandara Industrial Services (Pvt.) Ltd will be distributing 10 kilogramme and 25 kilogramme bulk packages in the market islandwide very soon targeting bakeries, hotels and retail outlets.

National Chamber conducts seminar on Electronic Payments

The National Chamber of Commerce of Sri Lanka together with  LankaClear (Pvt) Ltd, the National Payment Network Operator (LankPay) will  present a seminar/forum on “ Electronic Payments to Power up the Digital Era of Business”...