Hayleys Consumer appointed sole representative for Roland and Colorjet large format printers

Apsom India, regional agent for world renowned Roland & Colorjet links up with Hayleys Consumer for its large format Inkjet printers.  Hayleys Consumer has been in the forefront of the imaging and print industry for over 4 decades, representing world class brands such as Xerox and Fujifilm to 

Janashakthi Insurance in Rs.3.3bn cash call

Janashakthi Insurance PLC announced that it would be opting to raise Rs.3.36 billion through a rights issue to finance its insurance business expansion.  Accordingly, one new share will be issued for every two shares currently held, for a total of 181.50 million shares at a rate of Rs.18.50 per share. 

Bansei Hikkaduwa largest shareholder divests interest

A change has taken place in the shareholding of Bansei Royal Resorts Hikkaduwa PLC, with largest shareholder Channa de Silva divesting most of his shares.

Shares fall from 7-month closing high on retail selling

REUTERS: Sri Lankan shares ended weaker yesterday, moving away from more than seven-month closing high hit in the previous session, on profit-taking by some retail investors.

Nawaloka Hospitals 1Q16 profit up 23% amid improved top line performance

Leading private healthcare institution Nawaloka Hospitals PLC saw its June net profit (1Q16) increasing 23 percent year-on-year (yoy) amid better top line performance. 

Sri Lanka seeks Murban crude oil term cargoes for first time

REUTERS: Sri Lanka’s Ceylon Petroleum Corp (Ceypetco) is seeking Murban crude oil term cargoes for the first time, after buying the oil in the spot market recently, industry sources said yesterday.

ComBank rated Most Respected Bank for 11th consecutive year

The Commercial Bank of Ceylon has been rated the most respected bank in Sri Lanka for the 11th consecutive year and the second ‘Most Respected’ corporate entity in the country overall for the fifth successive year in the 2015 LMD rankings of the Most Respected Entities in Sri Lanka.

Serendib Flour Mills Silver sponsor of Pro-Food Pro-Pack Exhibition

Serendib Flour Mills recently extended its support to the Pro-Food Pro-Pack Exhibition as the Silver sponsor of the event for the second consecutive year. 

CIMA signs MoU with Wayamba University

?CIMA Sri Lanka signed a Memorandum of Understanding (MoU) with the Department of Accountancy, Wayamba University recently. 

CCC Solutions to hold professional networking to empower Central Province SMEs

?CCC Solutions, a fully-owned subsidiary of the Ceylon Chamber of Commerce (CCC), together with CA Sri Lanka and German Development Corporation (GIZ) will hold a one-day programme in Kandy to help empower small and medium enterprises (SMEs) in the Central Province.

SLIM holds open day for CIM students

Sri Lanka Institute of Marketing (SLIM), the national body for marketing in Sri Lanka and the country’s longest standing accredited study centre for Chartered Institute of Marketing (CIM, UK)...

Bongo celebrates first year in business

?Bongo Travels celebrated its first year in operation with a simple ceremony at the office premises that reflected the company’s straightforward approach to business. 

Qatar Airways receives SUNFO Service Excellence Corporate Award 2015

?Qatar Airways has won the SUNFO ‘Service Excellence Corporate Award 2015’ from the Sri Lanka-United Nations Friendship Organisation (SUNFO) at a ceremony held at the iconic Sri Lanka Museum Auditorium in Colombo.

GSK implements trailblazing new remuneration model in Sri Lanka

?GlaxoSmithKline (GSK) Pharmaceuticals’ trailblazing new sales force remuneration programme that eliminates individual sales targets, has been successfully implemented in Sri Lanka following execution over the past 18 months in 150 countries in which the global pharmaceuticals giant operates.

LOLC on top 10 Most Respected firms list

?Lanka ORIX Leasing Company (LOLC) has leaped a significant five notches to reach the top 10 in the latest edition of LMD’s Most Respected entities in Sri Lanka.

Harsha and Eran make strong case for more recognition in future Cabinet

With the preferential votes being announced, two candidates who are widely perceived as qualified in running the country’s Finance Ministry have emerged victorious in the Colombo District for the upcoming United National Party (UNP)-led regime.

Dairy prices rise, volumes down at auction: NZ’s Fonterra

REUTERS: Global dairy prices bounced off a 12 1/2-year low after the supply offered at the latest auction dropped, spurring demand after months of absence of big buyers including Chinese processors.

SLAITO reiterates support to PM

?Apex tourism body Sri Lanka Association of Inbound Tour Operators (SLAITO) wrote to Prime Minister Ranil Wickremesinghe congratulating him for being re-elected to the position this week and reiterating its support towards the government similar to the past.

Clarity on new govt’s economic policy more vital than politics: Fitch

?Fitch Ratings in a brief statement yesterday said greater clarity over economic policy is more important than the party composition of Sri Lanka’s next government.

India’s Modi to bet US $1.5bn on palm oil plan as imports surge

REUTERS: India plans to spend US $1.5 billion in the next three years to help farmers grow oil palm trees in an area the size of New Jersey, ...

Ceylon Chamber congratulates victors

Sri Lanka’s premier trade chamber the Ceylon Chamber of Commerce (CCC) yesterday in a statement extended congratulations to the United National Front for Good Governance, ....

Distilleries 1Q saved by beverage operations

Distilleries Company of Sri Lanka PLC posted a net profit of Rs.1.76 billion for the first quarter of 2015/16 (1Q16), up 5 percent year-on-year (YoY),...

Bogala Graphite makes Rs.18mn 2Q loss amid rising sales costs

Graphite manufacturer Bogala Graphite Lanka PLC posted a net loss of Rs.18.69 million compared to a net profit of Rs.10.52 million year-on-year...

Altair wins Gold and Silver at 2015 BestWeb.lk Awards

Altair, Sri Lanka’s architecturally inimitable luxury high rise development, has been honoured with two key awards for the quality and effectiveness of its website www.altair.lk

AMW holds Top 30 Tyre Retreading Dealer Convention 2014

Associated Motorways (AMW), the corporate giant, held its annual top 30 dealer convention of the retreading tyre sector recently at Eden Resort & Spa Hotel,

A new trade opportunity opens for tile,sanitaryware industry

The ceramic tile industry in Sri Lanka has 34 years of long history of manufacturing and distribution of tiles all over the country as well as exporting....

NBQSA launches online scoring system for first time in Sri Lanka

?The National Best Quality ICT Awards (NBQSA) competition will mark its 17th anniversary this year. It was introduced by the BCS, The Chartered Institute for IT Sri Lanka Section (BCSSL) to showcase local talent and provide opportunities to take their products to the international market.

Holcim Lanka distributors tour Prague

?Holcim Lanka, part of the global Holcim group, treated its distributors for an overseas trip to Prague recently.

Atlas introduces school back packs

?Atlas believes in encouraging children to realise their potential and believes that a better future can be unlocked through education. Atlas demonstrates its vision by providing quality user-friendly tools (school and office stationary)... 

Godrej moves up in Forbes’ Most Innovative company list

?Godrej Consumer Products Limited yet again trail-blazed its way into the Forbes’ list of ‘The World’s 100 Most Innovative Growth Companies 2015’ as the ‘Most innovative FMCG Company’, significantly improving its position over the previous year.