Rupee trades steady despite importer dollar demand

?REUTERS -The Sri Lankan rupee traded steady yesterday despite importer dollar demand ahead of the parliamentary election on Monday, while dealers said they expected the currency to face further pressure in line with weakening regional currencies.

Asian shares hit by currency concerns, oil slump

?Asian markets mostly fell yesterday, weighed down by jitters over the impact of China’s yuan devaluation and the timing of a US interest rate rise, while a fall in oil dragged down energy stocks.

D 82 Toastmasters International hosts first-ever CEO Breakfast Forum

?The first-ever CEO Breakfast Forum by Toastmasters International USA ‘Where Leaders Are Made’ was held recently at the Victorian Ballroom Kingsbury Hotel.

EAP Broadcasting Company wins big at Sumathi Awards 2015

?The EAP Broadcasting Company recently won 16 awards in a variety of categories at the Sumathi Tele Awards held at the Nelum Pokuna Theatre  in Colombo. 

Emerald stages Fashion Flash Mob

?Emerald, Sri Lanka’s premier brand of men’s shirts, treated weekend shoppers at Cool Planet - Colombo 5, Beverly Street - Rajagiriya, Fashion Bug - Duplication Road, Kandy Selection - Kadawatha and Tillakawardena Textiles - Kiribathgoda to a mini fashion flash mob recently.

Edulink partners with Phoenix GaminG to present GamerFest 2015

?Edulink International Campus, a collaborative campus of the prestigious University of Greenwich and University of Northampton in the UK, was a proud sponsor of the recently concluded ‘GamerFest 2015’ organised by Phoenix GaminG, the best professional eSports organisation in the country.

CA Sri Lanka announces 51st Annual Report Awards

Entries are now open for the  Annual Report Awards Competition, organised by The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), the national professional accounting body , which is aimed at recognising and rewarding excellence in financial reporting.

UDA claims acquired private land value far exceeds book value

The value of private land requisitioned for government use by the past regime far exceeds the figures displayed in the Urban Development Authority (UDA) accounts.

President denounces protectionist policies

President Maithripala Sirisena highlighted the need for a customer-centric, market driven, competitive economy to which the local industries must adapt instead of resorting to protectionism, while delivering a speech at the inauguration of the 6th Ceramic and Glass Symposium.

SLT 2Q net profit down 29% to Rs.1.8bn

?The leader in fixed-line telephony operations, Sri Lanka Telecom PLC (SLT), saw its group net profit for the June quarter (2Q15) dipping 29 percent year-on-year (YoY) to Rs.1.8 billion despite its mobile telephony business reporting higher profits.

Govt. revenue jumps over 20% on excise, vehicle tax

?REUTERS: Sri Lanka’s government revenues jumped by more than a fifth in the first seven months of this year, data showed yesterday, as the new government sought to improve tax collection and cracked down on corruption.

NDB records Rs.1.4bn first half profit

?National Development Bank PLC (NDB) saw its group net profit for the first half ended June 30 (1H15) falling 29 percent yoy to Rs.1.44 billion amid a slow down in the banking group’s top line.

Indian court overturns Nestle noodle ban, orders new tests

?AFP: An Indian court on yesterday overturned a government ban on Nestle’s hugely popular Maggi noodles brand, but ordered further tests before the product can go back on sale.

Vote with utmost responsibility: Trade chambers

The trade chambers and a professional body yesterday in a special statement requested all Sri Lankans to cast their votes in the upcoming election with utmost responsibility to elect a stable...

Hemas June quarter net profit up 62%

?Diversified Hemas Holdings PLC saw its net profit for the June quarter (1Q16) improving 68 percent year-on-year (yoy) to Rs.415 million, the interim financial accounts released to the Colombo Stock Exchange showed. 

Emergency response ambulance service unveiled for the first time in Sri Lanka

?Sri Lanka’s first-ever emergency rapid response ambulance service was unveiled at the Sri Lanka Foundation Institute recently. The service will be free for all Sri Lankans in every part of the island.

Nestlé Lanka 2Q net profit up 33% to Rs.1.3bn

?Nestlé  Lanka PLC, the local unit of Swiss food and wellness company saw its net profit for the quarter ended June 30, 2015 (2Q15) increasing 33 percent year-on-year (yoy) to Rs.1.3 billion.

Laugfs to set up LPG storage terminal at H’tota Port

Laugfs Gas PLC, Sri Lanka’s only private cooking gas distributor yesterday informed the Colombo Stock Exchange (CSE) its ambitious plans for the Chinese-built Hambantota Port.

Access 1Q net up 10% to Rs.600mn

?Diversified Access Engineering PLC saw its net profit for the quarter ended June 30, 2015 (1Q16) increasing 10 percent year-on-year (yoy) to Rs.600 million, the interim financial accounts released to the Colombo Stock Exchange showed.

UNP-led regime aims to achieve US$ 3bn FDIs by 2017

?Foreign direct investment (FDI) inflows to the country this year are set to exceed the stagnant past figures, and future FDI targets have already been set, according Investment Promotions and Highways Deputy Minister Eran Wickramaratne.

Sri Lanka expects to win GSP Plus “within months”

REUTERS: Sri Lanka is likely to regain a lucrative European Union trade concession for garments exports, the government said yesterday, five years after the South Asian island nation lost the discount over its failure to address human rights concerns.

Sri Lanka looks to strengthen economic, political ties with South Korea

Sri Lanka is looking to enhance the existing political and economic ties with South Korea,....

BoI builds Sri Lanka’s image as destination for investment at Singapore forum

The Board of Investment (BoI) of Sri Lanka in collaboration with the Ceylon Chamber of Commerce (CCC) participated in the forum titled ‘Doing Business in Sri Lanka

FACETS 25th anniversary edition opens on September 3

Premium quality precious stones, exceptional designs and unique pieces will be featured at FACETS Gem and Jewellery....

Milroy Engineers ties up with Lankem to offer Sherwin Williams automotive refinishes

Sri Lanka’s leading auto repair engineers, Milroy Auto Engineers recently tied up with Lankem Paints Ltd to supply the local market....

IESL and UltraTech Cement Lanka sign MoU to expand Building Clinics

UltraTech Cement Lanka and the Institution of Engineers of Sri Lanka signed a Memorandum of Understanding to strengthen their partnership and expand their existing Building Clinic programmes across the island.

Nespray adds ‘Nutri-Up’ to Food and Beverage portfolio

Nestlé Lanka PLC recently announced its latest entrant into the market, Nespray Nutri-Up Ready-To-Drink (RTD),

Textrip launches TT Mackintosh latex bed sheet to local market

Textrip (Pvt) Ltd, one of the entities of the internationally renowned ELASTO Group yet again with its profound experience and unique technology has fabricated the safest latex bed sheet in the world.

Abans offers 4 years warranty on LED TVs for first time in Sri Lanka

?For the First time in Sri Lanka, Abans, the sole agent in Sri Lanka for LG, Toshiba, Konka and Haier LED Televisions, is offering an amazing 4 years warranty on their entire range with no conditions and no extra charge. 

Singer showcases Beko built-in range at Culinary Art Food Expo

?Singer Sri Lanka presented its extensive range of Beko appliances at the recently concluded Culinary Art Food Expo 2015.