Standardization of socket outlets in Sri Lanka

?The Public Utilities Commission of Sri Lanka (PUCSL) in collaboration with the respective stakeholders is planning to implement national standards for socket outlets and extension cords.  

Govt. seals major IT project deals totaling Rs.4 bn

The new regime has closed tenders for 4 new national IT projects coming under the Information Technology Communication Agency (ICTA), according to an official speaking at summit in Colombo.

Saudi-based firm to invest in Sri Lanka free zone

?A leading Saudi-based company is to establish a free zone in the Eastern Province of Sri Lanka with a US $ 1.2 billion investment, news reports from Middle East said.

Interest rates, inflation to go up, rupee to see steeper fall

The interest rates are expected to go up in the short term as the cash-strapped government is fast absorbing the liquidity through government securities and the inflation too is expected to trend upwards amid higher energy prices...

Stocks slip for second day; earnings eyed

REUTERS: Sri Lankan stocks edged down yesterday, marking their second straight loss as investors stayed on the sidelines awaiting cues from June-quarter corporate earnings.

Tea Smallholder Factories records losses

Tea Smallholder Factories PLC, a unit of John Keells group, recorded losses for the quarter ended June 30, 2015 following a considerable decline in its top line.

Banks reopen, taxes hiked as Greece seeks to reboot economy

?AFP: Greek banks reopened yesterday after a three-week shutdown imposed to stop a run on ATMs from crashing the financial system, but citizens woke up to widespread price hikes as part of a cash-for-reform deal with the country’s creditors.

‘The CIO Agenda 2015’ begins today

?Alliance Intellect in association with the Banks’ CIO Forum (BCIOF) of Sri Lanka hosts its inaugural international CIO conference - ‘The CIO Agenda 2015’ - themed ‘The Digital Flip’ today.

DHL voted Asia’s Most Trusted Brand for seventh time

?DHL, the world’s leading logistics company, scooped its seventh consecutive Trusted Brand Award in the ‘Airfreight/Courier Service’ category in Asia at the Reader’s Digest Trusted Brands Awards 2015. 

Tesco management visits Hirdaramani Mullaitivu factory

?F&F Clothing UK COO Richard Anthony Collins and Tesco HK Director International Sourcing Alison Tania Rose recently joined Tesco Sri Lanka General Manager Azmina Kareem and the Hirdaramani group directors on a site visit of the Hirdaramani factory in Mullaitivu. 

‘Focuss Million Rupee T-shirt’ grand winner awarded

Emerald gave away Rs. 1 million to Sarath Weerasuriya of Ethul Kotte under its innovative ‘Focuss Million Rupee T-shirt’ campaign.Weerasuriya who purchased the winning Focuss T-shirt at Beverly Street... 

HSBC Premier Customers to meet nature photographer Bence Mate 

?HSBC Premier Customers who are avid nature lovers and wildlife enthusiasts will have the unique opportunity of engaging with Hungarian-born award winning nature photographer, Bence Mate at a special talk show to be hosted at the Cinnamon Grand Colombo on July 29. 

RDB selects MTI to research and develop 5-year Corporate Plan

Regional Development Bank (RDB) - the largest development bank in the country, has selected international boutique consultancy – MTI, to research and develop its five year Corporate Plan (2016 – 2020) with the view of further strengthening the rural economy of Sri Lanka.

Singer introduces washing machine range for busy homemakers

?Today’s homemaker must juggle many duties, from domestic chores and work responsibilities to balancing the chequebook and ensuring that their family is healthy and happy.

Rupee ends steady for 5th session on state bank dollar sales

?REUTERS: The Sri Lankan rupee ended steady for a fifth straight session yesterday as a state-run bank kept the selling rate at 133.80 to the dollar amid demand for the greenback from importers, dealers said.

Stocks fall from near 7-wk closing high; earnings eyed

?REUTERS: Sri Lankan stocks fell yesterday from their near seven-week closing high in the previous session as investors stayed on the sidelines ahead of financial results of blue chips like Commercial Bank of Ceylon PLC.

New and magical range added to Swadeshi “Little Princess”

?The Swadeshi Industrial Works PLC, manufacturer of soap and herbal personal care products in Sri Lanka, introduces an exciting new soap and a lotion to their kids range “Little Princess”. “

EPL overlooks some vital parameters: expert

?The Environmental Protection Licence (EPL) should include wider criteria such as worker safety and resource usage, while businesses should carry regular evaluations...

Expolanka sheds another non-core business

?Japan’s Sagawa group subsidiary, Expolanka Holdings PLC, yesterday said it fully divested its investment in Neptune Papers (Pvt.) Ltd for a purchase consideration of Rs.10.6 million to Aberdeen Holdings (Pvt.) Ltd.

Nolimit and Glitz pioneer Fragrance Denims in Sri Lanka with MSD

Revolutionizing the fashion industry in Sri Lanka, Nolimit & Glitz, the two leading fashion retail chains,...

Quebee Den CEO wins Best Entrepreneur Award

Quebee Den (Pvt) Limited’s Founder and CEO, Rohanthi Wijewickrama has won “The Best Entrepreneu...

Nivasie’s Malabe Orchid Apartments offer peace, tranquility

Premier housing project development company Nivasie Developers recently launched...

National Chamber seminar on construction industry next week

The National Chamber of Commerce of Sri Lanka will hold a half day seminar on “Construction Industry and the Way Forward...

OLU brings purity of cloud forests to you in bottles

OLU Tropical Water, from the rarest Sri Lankan cloud forests,...

JWT wins over Sri Lankan hearts with golden insight

For depicting a truth that rings true for every Sri Lankan in a concise,...

Export numbers go live on EDB web

Sri Lanka’s apex export facilitator - Export Development Board (EDB) - released data showing the values...

SLCB research findings reveal more prospects for MICE

The Sri Lanka Convention Bureau (SLCB) will be relaunching MICE Tourism Research Bulletin, ...

Fitch rates BOC’s subordinated debentures ‘AA(lka)(EXP)

Fitch Ratings Lanka has assigned Bank of Ceylon’s (BOC; AA+(lka)/Stable) proposed Basel II-compliant subordinated....

Importers throw string of trade woes at govt.

The import community of the country came up with a whole heap of trade woes blocking the country’s foreign....

Reserve Bank of India signs currency swap agreement with CBSL

The Central Bank of Sri Lanka and the Reserve Bank of India recently signed the currency ....