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”...

Uva Highlands sets all-time record price for Uva BOPF grade

At the Colombo Tea Auctions held on 2nd September, Uva Highlands Estate had the distinction of establishing an all time record price of Rs.1350- per kilo for a BOPF grade from the Uva Planting District. 

Rupee falls over 3% to record low; shares weaker

REUTERS: The Sri Lankan rupee fell more than 3 percent to a record low of 139.00 per dollar yesterday after the Central Bank effectively floated the currency by ceasing to quote its own reference rate.

China punishes three firms blamed for stock volatility

AFP - China’s market regulator has fined three companies, including Alibaba-linked Hundsun, a combined 453 million yuan ($71 million) for conducting “illegal securities business”, which has been blamed for volatility on the plunging markets.

ECB cuts growth, inflation forecasts for 2015-2017

AFP - The European Central Bank this week cut its forecasts for both economic growth and inflation in the single currency area over the next few years. The ECB, 

Most Asia stocks down as US jobs come into focus

AFP - Japanese stocks led a broad Asian stock slide yesterday as the yen advanced ahead of a key US jobs report later in the day and after the European Central Bank indicated it could expand its stimulus.

S&P rates Iraq for first time

AFP - American financial service company Standard & Poor’s issued war-torn Iraq a credit rating for the first time Thursday, with the country’s conflict with Islamic State militants and low oil prices giving it a junk score.

AIGS and Lotus launch “Take-in Window”

Gemstone dealers will soon have the convenient facility of obtaining internationally recognized gemstone reports in Colombo with the launch of the new “Take-in window” by the Gemological Institute of Ceylon, 

China’s Bohai to buy jet lessor Avolon in $7.6 bn deal

AFP - Chinese leasing company Bohai will buy Irish jet lessor Avolon in a deal which values the company at $7.6 billion, according to a statement, as Beijing pushes its companies to search overseas for future growth.

Germany adds zest to Ceylinco Life’s ‘Family Savari 9’ promo

Ceylinco Life has stimulated fresh interest in its ‘Family Savari’ mega promotion with the announcement that five policyholders and their families will win an all-expenses-paid holiday in Germany as the grand prize of the 2016 edition of this annual extravaganza. 

SLIIT joins hands with ACL Cables

ACL Cables PLC, the number one cable company in Sri Lanka, recently signed a Memorandum of Understanding (MoU) with the Engineering Faculty of the 

The Factory Outlet launches ‘TFO Club’ loyalty programme

The Factory Outlet (TFO), a growing name in the Sri Lankan clothing industry, recently announced the launch of a tailored ‘TFO Club’ loyalty programme, along with plans for multiple store openings within the next 24 months. 

Siddhalepa sales force awarded Gold at Annual Sales Conference 2015

Siddhalepa, one of the largest distribution networks of the country, held its annual sales conference recently at Stein Studio, Ratmalana. The best achievers were awarded gold and cash prizes by Siddhalepa Group Chairman Deshabandu Dr. Victor Hettigoda.

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.

CIM Toastmasters Club reaches 7th milestone

CIM Toastmasters Club stepped into the seventh successful year by installing its newly appointed Executive Committee for the Toastmaster year 2015/2016 recently, amidst a distinguished gathering of invitees from Chartered Institute of Marketing

Lankem patronage for ‘Robbialac Nil Ahase Wasanthaya’

This year’s National Kite Festival and Competition enjoys the premier patronage of Lankem Paints Ltd, manufacturers and marketers of Robbialac Paints.  This mega event organised by Kite Sri Lanka, has been aptly named ‘Robbialac