Lanka IOC’s woes continue as June net plunges 86%

The local unit of the Indian oil giant, Lanka Indian Oil Company PLC (LIOC), saw its net profit for the quarter ended June 30, 2015...

Global dairy prices collapse to 13-year low

agrimoney.com: Global dairy prices have plunged to a 13-year low, with whole milk powder suffering particularly sharp losses.

ADYAPANA 2015 higher education, career exhibition in October

The first exhibition held immediately after the Advanced level examination, ADYAPANA 2015, the higher education and career exhibition, will be held for the 10th consecutive year from October 2 – 4, at the BMICH Colombo.

APFASL organises inaugural public sector Best Annual Report and Accounts Awards

In an effort to enhance transparency and accountability in the public sector and to encourage excellence in the presentation of information in the annual reports and accounts,...

Local companies must be innovative when entering Chinese market: SLCBC

?The Sri Lanka – China Business Council (SLCBC) urged local companies to think differently and be innovative in their approach if they aim on setting a firm foot in the Chinese market.

Exim Bank for Sri Lanka in the offing: Eran

?Sri Lanka must seriously look at setting up an Export-Import Bank (Exim Bank) in a bid to rev up the exports which have now come down to just 14.9 percent of Gross Domestic Product (GDP) from 33 percent in year 2000. 

Economist ridicules previous regime’s trade policy and calls it ‘Stupidnomics’

?Sri Lanka’s international trade policies hawked by the former Treasury Secretary Dr. P. B. Jayasundera were termed ‘Stupidnomics’ by a leading economist who has carried out extensive research on global trade policy.

Full access to PayPal soon: ICTA Chief

?The world’s most popular payment gateway service PayPal which facilitates e-commerce across borders will be opened up for Sri Lankans very soon, Sri Lanka’s state-run ICT agency Chief said. 

July records 2nd highest monthly tourist arrivals ever

Tourist volumes to Sri Lanka in July grew 31.2 percent year-on-year (yoy) to the highest ever arrivals of 175,804, with China overtaking India as the largest tourism source market for the first time.

Overseas Realty records Rs. 1.5 bn profit for 1H15

Overseas Realty (Ceylon) PLC in its performance, reported a group net profit of Rs 1.5 billion for the first 6 months ended 30th June 2015, 

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. 

DSI ups the ‘Beat’ with Bhathiya and Santhush

The place of the colourful and ubiquitous flip-flop in local fashion has been reaffirmed, with one of Sri Lanka’s most popular singing...

Blue Mountain tops Rs. 1 bn revenue mark in 1Q16

?Real estate company, Blue Mountain Properties has recorded a revenue of Rs. 1 billion in Q1 of the financial year 2015/2016. 

Johnson’s Baby promo winners visit Universal Studios

To appreciate the joy of motherhood and to reward the loyalty, Johnson’s Baby successfully conducted a mega promotion under the theme...

Lanka Hospitals’ Parent Crafting Programme marks 50th session

Becoming a parent especially for the first time is a daunting experience.  

ACL Cables wins Export Award for entering new markets

ACL Cables, the leading cable company in the country with 70 percent market share as a group and over ....

Lamudi Sri Lanka examines capacity of nation’s start-up culture

A growing number of Internet start-ups have been investing in Sri Lanka over the past couple of years. 

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...