Vidullanka signs further agreements to secure Ugandan investments

Vidullanka PLC which had entered into a power purchase agreement with the Ugandan government for a 6.5 MW small hydropower project has signed further agreements to protect its investments and receive financial support, according to a filing to the Colombo Stock Exchange.

Access to credit remains the biggest hurdle for SMEs: ADB

Limited access to bank credit continues to remain a persistent problem in Asia and the Pacific for small and medium-sized enterprises (SMEs), a recent Asian Development Bank (ADB) report said.

Bogawantalawa Plantation in Rs.1.2bn diversification

Regional Plantation Company (RPC) Bogawantalawa Estates PLC has initiated a seven-year Rs.1.2 billion diversification initiative in its lower elevation lands to spread out its risks and support future growth.

Industry veteran highlights need for private sector hand in tourism education

The state-owned hotel school should accredit private institution to enable them to provide qualifications in the hospitality and tourism sector, according to a leading figure in the industry.

Shares hit 1-week closing low on profit-taking

REUTERS: Sri Lankan shares closed at a one-week low yesterday, falling for a third straight session on profit-taking, as investors waited for cues on short-term interest rates from a weekly auction of government securities, stock brokers said.

Rupee steady amid importer dollar demand

REUTERS: The Sri Lankan rupee ended steady for a second straight session yesterday amid importer dollar demand as a state-run bank, through which the Central Bank usually directs the market, sold the greenback at a flat rate of 134.50.

Eden Hotel in Rs.1.06bn cash call

The Brown group’s Eden Hotel Lanka PLC will be opting for a rights issue of Rs.1.06 billion to repay part of its outstanding debts.

Pak, Lanka key allies in boosting regional economic integration: Envoy

The High Commissioner of Pakistan in Sri Lanka Maj. Gen. (R) Syed Shakeel Hussain said that Pakistan and Sri Lanka are important partners not only...

Data pricing structures require correction: Dialog Group CEO

The techno-economic transformation of the telecoms industry in Sri Lanka will come in the form of accelerated data growth, emergence of OTT threats,...

CIMA Directors’ Tax Forum on September 14

To highlight the current tax issues and to bring everyone in the board room up to date on tax obligations and tax management, ...

Sri Lanka-Russia Business Council felicitates Dr. Saman Weerasinghe

The Sri Lanka Russia Business Council felicitated Dr. Saman Weerasinghe recently on his appointment as the Ambassador Designate to the Russian Federation.

British Council launches Career and Skills Summit

The British Council launched the ‘Opportunities’ Career and Skills Summit aimed at bridging the gap between prospective employers and skilled British degree and qualification holders.

Asia’s greenest apparel factory recognized as world’s best garment maker

Asia’s first CarbonNeutral apparel manufacturer and the county’s iconic green factory – the Hirdaramani group’s Mihila, was recently recognized as Garment Maker of the Year at the World Textile Awards.  

ComBank supports ‘Construct 2015’ as official banker

Commercial Bank (ComBank) supported Sri Lanka’s construction sector as the official banker to ‘Construct 2015’, one of the largest construction sector exhibitions in the South Asian region.

Unilever relaunches Lipton Ceylonta brand

Lipton Ceylonta, the flagship tea brand of Unilever Sri Lanka, was relaunched recently at the Dambatenna bungalow of Sir Thomas Lipton, the inventor of Lipton tea.  

Presidential appreciation for Lankem Robbialac’s ‘Varna Pooja’

Lankem Ceylon PLC (Paints), manufacturers and marketers of Robbialac Paints, was recently appreciated for painting the entire Dalada Maligawa complex in Kandy for the 11th consecutive year.

The Regent to launch membership

Nestled in Malabe, the newest property of LAHRC Management Services (Pvt.) Ltd, The Regent has attracted public attention since its construction stage.

SLT strengthens ties as Sri Dalada Maligawa telecom partner

Sri Lanka Telecom (SLT) has strengthened its partnership as the official telecommunications service provider of the Sri Dalada Maligawa.

Lotus Tyre felicitates retailers and distributers

In a gala event held at Hotel Clarion Kiribathgoda, Vechenson (Pvt.) Ltd felicitated its jubilant retailers and distributers with accolades of appreciation and rewards.

Sri Lanka tourism should find niche to remain competitive: Hotelier

Sri Lanka may face the risk of losing its position as a leading tourism destination in the world if the country fails to identify its niche in the global tourism landscape and adopt a strategic long term marketing plan, a senior industry stakeholder said. 

Ex-Central Banker to head evaluation panel to select best corporate citizen

Former Central Banker, Dr. Anila Dias Bandaranayake has been chosen by the Ceylon Chamber of Commerce (CCC) to head the evaluation panel of the ‘Best Corporate Citizen Sustainability Award 2015’, which is now in the process of accepting applications from prospective companies.

Softlogic to embark on massive fashion, ICT retail drive

?Diversified conglomerate Softlogic Holdings PLC intends to engage in a massive retail drive in the fashion and ICT sectors in the coming financial year, banking on the increased consumer consumption seen this year.

Sanasa Bank may go for Rs.1.5 to 2bn rights issue next year

?Sepcialised microfinancier Sanasa Development Bank PLC (SDB) is expected to raise about Rs.1.5 to Rs.2 billion through a rights issue in 1Q-2Q16, a rating report said.

Maiden session of eighth P’ment fails to lift bourse

?The first session of the 8th Parliament failed to lift the spirits of the country’s capital market stakeholders yesterday as the bourse closed on a negative note with both indices ending in the red territory. 

APPRECIATING SUPPORT

President Maithripala Sirisena extended a token of appreciation to all organisations that supported the Kandy Esala Perahera this year.

PCL Solutions introduces innovative, high-tech flooring solutions

PCL Solutions, an industry trendsetter, has always been at the forefront of introducing many innovative solutions across various industrial sectors.

Large crowds witness Seylan Colombo Motor Show

“Seylan Colombo Motor Show”, the largest automobile exhibition of the country concluded with a remarkable turnout at the BMICH, Colombo recently.

Egale Logistics Supply Chain Forum on Thursday

Eagle Logistics Colombo, the supply chain logistics company will be holding its 5th supply chain forum on September 3rd at Mahaweli Kendraya, Colombo, from 1 am to 5 pm.

Mobitel Cash Bonanza 2015 rewards cash prizes worth over Rs.1,150 lakhs end of 2Q

The National Mobile Service Provider Mobitel which aims to select a winner every minute of each day through its special Cash Bonanza draw has rewarded ....

LankaClear records 12% revenue growth, surpasses Rs. 500 mn threshold

The LankaPay national payment network operator, LankaClear (Private) Limited, has recorded a 12 percent growth in revenue surpassing the Rs. 500 mn revenue threshold and recording a topline of Rs.518 million in the financial year 2014/2015.