A victory that heralds good governance and surge in economic growth: BCC

The Business Chamber of Commerce extends its warmest congratulations to the United National Front for winning the general elections. The United National Front being a progressive democratic

Ceyoka enters agri sector through Nawaloka Agri

Ceyoka (Pvt) Ltd., a leading private sector conglomerate enters agri sector through manufacturing and distribution of farming / agricultural equipment and implements. 

LG G4 enters fray to become 2015’s finest smartphone

The LG G4 has arrived to make life greater and better. With an ever-so-slightly curved screen, QHD resolution, and seductive leather behind, the LG G4 has chart-topping potential.

BoI sets up daycare centre within EPZ to retain workforce

Sri Lanka’s state-run apex investment promotion body, Board of Investments (BoI), has resorted to innovative ways to retain workforce and spruce up the image of its Export Processing Zones (EPZs). 

Enjoining order against Dialog Axiata and Nawaloka Hospitals extended

The enjoining orders already obtained by E-Channelling PLC against Dialog Axiata PLC and Nawaloka Hospitals PLC from the Commercial High Court of Colombo were extended at yesterday’s court hearing.  

Shares up as investors snap up battered stocks

REUTERS: Sri Lankan shares ended firmer yesterday as investors bought in some select battered shares such as conglomerate John Keells Holdings Plc after recent falls, but foreign outflows from the island nation’s risky assets continued.

Rupee steady amid dollar selling by state-run bank

REUTERS: The Sri Lankan rupee ended steady 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 134.15.

July tea exports hit by “go slow campaign”

Sri Lanka’s tea exports further contracted in July, especially in the Russian and Middle Eastern markets, amid the “go slow campaign” carried out by estate workers during the month. 

BoC continues strong growth trend, posts Rs.6.7bn 1H PAT

Having closed the 75th year on a high note by delivering the highest ever profit by a single entity in Sri Lanka, Bank of Ceylon (BoC) continues to lead its growth course in the first half of 2015

FinMin invites public, pvt. sector proposals for 2016 budget

?Sri Lanka’s Finance Ministry requests the private sector institutions and the public to submit their proposals to be included in the proposed budget for the year 2016.

Shares recover from near 5-week closing low

?REUTERS: Sri Lankan shares edged up yesterday, rebounding from near five-week closing low hit in the previous session as investors bought in some select shares after two days of losses, but further gains were capped due to foreign selling in some stocks.

Rupee edges up after state-run bank cuts dollar peg

?REUTERS: The Sri Lankan rupee ended a tad firmer yesterday as a state-run bank, through which the Central Bank usually directs the market, cut the currency’s peg against the dollar by 10 cents to 134.15, a day after raising it for the third time in a row.

Channa divests his total interest in Bansei Hikkaduwa

?Bansei Royal Resorts Hikkaduwa (BRR) PLC’s former largest shareholder Channa de Silva has divested his remaining 10 percent of shares in the company to Veritas Holdings (Pvt.) Ltd.

Asia Siyaka subsidiary to build new warehouse facility

?The board of directors of Asia Siyaka Commodities PLC has approved the setting up of a new state-of-the-art warehouse by its 100 percent owned subsidiary Asia Siyaka Warehousing (Private) Limited.

Access Engineering sets up land bank

?Blue-chip engineering firm Access Engineering PLC has expanded its footprint in the real estate development sector by setting up a land bank.

BBDO Lanka marks anniversary cheering Sanga in farewell test

?BBDO Lanka celebrated its 4th anniversary by cheering for Kumar Sangakkara at his farewell test and rewarding every 4 he hit in the match with a contribution to his charitable initiative ‘Bikes for Life’. 

Baur launches latest Smarty Sunglasses collection

?Baur Asia Pte. Ltd., launched the latest collection of Smarty Sunglasses at the Distributor Conference held at Mount Lavinia Hotel on 21st , 22nd and 23rd  of August. 

JLanka Technologies sponsors 2nd Annual International Energy Conference

In today’s world Energy has become an extremely debatable topic for everyone over the last couple of decades, with reasons for world’s energy concerns ranging from environmental to political to financial. 

CTC recognized among Top 10 Most Respected Entities

Ceylon Tobacco Company (CTC) has been ranked amongst the Top 10 Most Respected Entities in Sri Lanka in the annual LMD rankings for 2015.  This is the second consecutive year the Company has been listed among the top ten entities in the country.

Abans Engineering recognized for meeting highest quality standards

Abans Engineering (Pvt) Ltd, a subsidiary of Abans Group of companies,  received recognition  for its continuous  commitment for highest standards of quality service in Air Conditioning Industry, from Bureau Veritas Lanka (Pvt) Ltd, a world  renowned...

Tomahawk to launch website

The number one bicycle brand in Sri Lanka, Tomahawk, will launch its newly designed website, showcasing their brand new range of bicycles. 

ZPMC Lanka engages in port crane commissioning project in Qatar

ZPMC Lanka Company (Private) Limited; the joint venture between Shanghai Zhenhua Heavy Industries Company Limited of China and Access Engineering PLC, is engaged in a contract with ZPMC Abu Dhabi for commissioning of 26 Rubber Tired Gantry Cranes...

Lanka IOC foresees higher bitumen demand with construction boom

?The country’s largest privately-held petroleum products distributor Lanka IOC foresees a pickup in the bitumen market with the restart of several government projects.

Shares fall to 1-month low on global sell off, margin calls

REUTERS: Sri Lankan shares fell to a near-one-month low yesterday as foreign investors exited risky assets on fears of a China-led global economic slowdown and panic selling by local investors for month-end settlements and margin calls.

Currency devaluation may not be good strategy for Sri Lanka: Harsha

?Sri Lanka’s former Policy Planning and Economic Development Minister Dr. Harsha de Silva says devaluation of the rupee may not be a good strategy for Sri Lanka.

Coalition government with two third majority credit positive: Moody’s

The establishment of a coalition government with more than a two thirds parliamentary majority will be credit positive for Sri Lanka, global rating agency Moody’s Investor Services said in a recent report. 

Blue Mountain acquires high-tech Bankhill Sports & Wellness complex

?Leading real estate giant, the Blue Mountain Group recently acquired the Bankhill Sports Complex and Wellness Centre, which will now be rebranded as the Blue Mountain Wellness and Sports Complex. 

Nature’s Beauty Creations introduces Rathmal baby soap

Rathmal baby soap, the ideal product to wash away microbes from babies is now available at stores island wide.  Since ancient times, Rathmal immersed in water, has been the norm for mothers to bathe their babies in.

Ceylon Cinnamon under threat

?Sri Lanka’s cinnamon industry is under threat as the world-renowned Ceylon Cinnamon brand is facing severe competition from cassia, an inferior quality substitute, which costs a third of the price of cinnamon, the apex industry body for the country’s spices and allied products said. 

Bansei Hikkaduwa says no mandatory offer obligations

In response to Mirror Business article appeared on August 21 titled “Bansei Hikkaduwa largest shareholder divests interest”, the Company Secretaries of Bansei Royal Resorts Hikkaduwa PLC (BRR)...