Turret unveils newest store in Kandy City Centre

Turret is a well-reputed designer store offering a range of exclusive lifestyle products hailing from globally renowned luxury brands reputed with class and elegance.

Sri Lanka Economic Summit 2015 starts today

Sri Lanka Economic Summit 2015, organised by the Ceylon Chamber of Commerce,

Distilleries awaits compensation for nationalized Pelwatte Sugar

Distilleries Company PLC (DCSL), as the single largest shareholder of Pelwatte Sugar Industries at the time of its expropriation,

National Chamber workshop on productivity improvement

A one-day Workshop in Sinhala on “Productivity Improvement Techniques for Manufacturing and Engineering Industries”

Registration now open for Ceramics & Glass Symposium

The Sri Lanka Ceramics & Glass Symposium organized by the Sri Lanka Ceramics & Glass Council is to be held on 12th & 13th August

Activated carbon producer Haycarb’s June net up 4%

The Hayleys group’s coconut shell-based activated carbon manufacturer,...

Lanka Hospitals gets new CEO

Deshantha Silva has been appointed as the Chief Executive Officer of state-controlled Lanka Hospital...

Sunshine Holdings powers Sri Lanka Economic Summit as Platinum sponsor

?Diversified conglomerate Sunshine Holdings PLC will support this year’s edition of the country’s premier economic summit hosted by the Ceylon Chamber of Commerce (CCC), on the timely theme of ‘Towards exports of US$ 50 billion’, as the Platinum Sponsor.

Sri Lanka records 0.2% deflation for July

?Sri Lanka’s inflation measured by the change in the Colombo Consumers’ Price Index (CCPI), declined to -0.2 percent, on a year-on-year basis in July 2015, from 0.1 percent recorded in June 2015, the Census and Statistics Department data showed. 

MillenniumIT signs on as CA Sri Lanka Strategic Summit’s Gold sponsor

?Financial software and technology services company, MillenniumIT has come onboard as a gold sponsor to power the Strategic Summit, organized by the Business School of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). 

ISP interns’ fund raiser on Thursday

?Citibank, Unilever Sri Lanka and Virtusa have combined forces with the American Chamber of Commerce (AmCham) to carry out the ‘International Summer Programme’ (ISP)...

Ceylon Chamber’s ‘Aarthika Dishaanathiya’ to focus on ‘Fiscal Policy’ this week

?The Ceylon Chamber of Commerce, the country’s premier business chamber will line up three key political representatives from the Government and the Opposition to discuss Sri Lanka’s ‘fiscal policy’ on its ‘Aarthika Dishaanathiya’ TV program which is being conducted via Rupavahini.

JKH June net profit up 2%

Premier blue chip John Keells Holding PLC (JKH) saw its net profits improving only 2 percent for the quarter ended June 30, 2015 (1Q16) to Rs.2.2 billion from a year ago as the leisure, property and plantation segments recorded negative performances...

Thomas Cook India buys Lankan travel firm

?Thomas Cook (India) Ltd recently said it bought Luxe Asia, a Sri Lanka-based destination management company through its wholly owned subsidiary, Thomas Cook Lanka (Pvt) Ltd.

New Zealand and Australia willing to invest more in Sri Lanka

Both Australia and New Zealand have expressed willingness to expand trade and investment with Sri Lanka. The High Commissioner for Australia in Sri Lanka, Robyn Mudie said they are focusing on three priority areas to invest;

Fitch affirms Lion Brewery at ‘AA-(lka)’; Outlook Stable

?Fitch Ratings has affirmed Lion Brewery (Ceylon) PLC’s (Lion) National Long-Term Rating at ‘AA-(lka)’. The Outlook is Stable. The agency also affirmed Lion’s senior unsecured rating and the rating on its debentures at ‘AA-(lka)’. 

Piramal Glass posts Rs.146 mn net profit for 1Q16, up 70% yoy

?Glass bottle and container manufacturer Piramal Glass Ceylon PLC posted a net profit of Rs. 146.8 million for the 3 months ended June 30 (1Q16), up 70 percent year-on-year (yoy) drawing on the increased domestic food and beverage consumption.

DPL to raise Rs. 722 mn via rights to modernize plant, settle short-term loans

?Dankotuwa Porcelain PLC (DPL) will be raising Rs. 722.46 million by the way of a new rights issue to modernize its plant and settle short-term loans, according to an announcement at the Colombo Stock Exchange (CSE).

Windows 10 available in 190 countries as free upgrade

?Microsoft Corp. announced that Windows 10 will become available Wednesday as a free upgrade or with new PCs and tablets. 

Country lacking domestic export, import volumes to satisfy mega ship operations: CICT official

?The current trend of shipping lines procuring and operating mega ships would lead to Sri Lanka having higher freight charges instead of the intended opposite effect if the country does not increase its import/export volume, according to an industry expert.

Shares end at more than 5-month high

?Reuters- Sri Lankan shares ended at their highest in more than five months yesterday, as investors picked up risky assets on expectations of strong corporate earnings and political stability after the Aug. 17 parliamentary polls.

Cold Stores June profits surge 84%

?Ceylon Cold Stores PLC, a unit of the John Keells group, saw its net profit surging 84 percent year-on-year (yoy) to Rs.550 million for the June quarter (1Q16) amid strong performance of its manufacturing and retailing segments.

Abans receives HP Best Direct Retail Partner Award

?Hewlett Packard (HP) held their Annual HP Partner Night 2015 at Blue Waters, Wadduwa on 24th and 25th July.  Over 250 HP Key Performing Consumer Partners participated in the event.

Norfolk Foods adds flavour to Culinary Arts 2015

?Norfolk Foods Pvt Ltd, the innovation centric contender in the Sri Lankan frozen food manufacturing arena is a trusted brand name both locally and internationally. 

Ceylinco Life Sales Officers win 5 NASCO Awards

?Four sales professionals of Ceylinco Life won five awards at the 2015 National Sales Congress (NASCO) Awards of the Sri Lanka Institute of Marketing (SLIM), giving the country’s life insurance leader high visibility at this annual event.

Sampath Bank partners with AISEC to conduct API program

?Reiterating their commitment as a socially-responsible corporate citizen, Sampath Bank partnered with the Global Community Development Program of AISEC in the University of Sri Jayewardanepura to conduct the Ample Path Inspiration (API) program for the 3rd consecutive year. 

Richard Peiris Tyre Company holds annual dealer convention

?Annual dealer convention of the Richard Peiris Tyre Company was held at the “Cinnamon Grand” Hotel in Colombo on recently. Out of the company’s 1500 strong dealers...

Signal unveils “Dewarak Madinna Dewarak Dinanna” consumer promo

?Offering children more reasons to brush their teeth twice a day, Sri Lanka’s popular  toothpaste, Signal, launched its “Dewarak Madinna Dewarak Dinanna” promotion recently. 

LIFT collaborates with MPA to introduce Italian way of shoe and bag design

?Lanka Institute of Fashion Technology (LIFT) has yet again set forth to form a prestigious collaboration in order to better equip its students with the prowess that is needed to excel in the fashion industry. 

Japan’s largest insurer Mitsui Sumitomo enters Sri Lanka

Mitsui Sumitomo Insurance Co Ltd (MSI), the largest insurance company in Japan,