BMS and ITI sign MoU to advance biotechnology in Sri Lanka

?A Memorandum of Understanding (MoU) was signed between the Business Management School (BMS) and the Industrial Technology Institute (ITI) recently at the BMS premises for continued collaboration in student apprenticeship and training and research. 

‘Elite Eve’ bolsters J&J’s excellent business partnerships

?Initiating a new episode in building more meaningful relationships with business partners, ‘Elite Eve’ - the mega annual event - held by Johnson and Johnson (J&J), a world famous healthcare company, came to a successful ending recently. 

CA Sri Lanka awards scholarships to 130 outstanding students

?The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently rewarded 130 outstanding students including the top achievers at the 2014 Advanced Level examinations with scholarships to embark on a globally sought-after career in chartered accounting. 

Union Bank 2Q net up amid margin pressure

?Union Bank of Colombo PLC (UBC) posted a net profit of Rs.36.2 million for the quarter ended June 30, 2015 (2Q15), up from Rs.9 million net profit posted for the same quarter in 2014 on the back...

Biz community hopes post-election scenario will put end to current lull

?A section of top private sector representatives yesterday expressed confidence in having an improved post-election business environment but stressed the need for stable policy decisions to help boost economic activities. 

CB seen keeping rates steady today: poll

REUTERS: Sri Lanka’s Central Bank is expected to keep its key policy interest rates unchanged at record lows yesterday, a Reuters poll showed, ahead of a parliamentary polls in August.

SL to harness wasted rainwater for crops, power

Sri Lanka plans to store and use a billion cubic metres of rainwater per year, which would otherwise drain into the sea, in an ambitious effort to boost irrigation and power production.

Does your insurance agent speak the right level of English?

The insurance industry is more an international sector now than it has ever been before.

IPS-IFPRI partner to strengthen collaboration in South Asia on food security policies

The Institute of Policy Studies of Sri Lanka (IPS) and the International Food Policy Research Institute...

Budding Lankan entrepreneurs chosen for MIT Global Startup Lab 2015

Twenty five aspiring Sri Lankan entrepreneurs, chosen from 100 candidates with ideas for potentially...

JICA loan to upgrade national grid

A new loan agreement between the Government of Sri Lanka and the Government of Japan amounting...

Richardson Outdoor introduces Sri Lanka’s first LED gantry

Richardson Outdoor (Pvt) Limited is expanding its product portfolio with the introduction of Sri Lanka’s first LED gantry.  

My Property Investments focuses on safe Lankan property transactions

My Property Investments, a fully owned subsidiary of Dwellings Group, 

Smiths Detection security solutions offer evolutionary technology in narcotics detection

Innovative technology is necessary in detecting a wide range of illegal substances with greater accuracy,...

Abstract opens new store exclusively for women

Abstract, a part of Abans Group of companies has just opened its third store, at R.A. De Mel Mawatha, Colombo 3. 

wOw.lk and KTI to host ‘LEGO Day’

wOw.lk, Sri Lanka’s largest online shopping mall will be partnering with KTI to host its first-ever ‘LEGO Day’, 

Special 15% discount + 0% installment plans for Sampath Credit Cardholders on www.retailgenius.com

SampathCards, the first to partner with the largest online market place in Sri Lanka

Ravi K renews attacks on Cabraal on hedging deal

Finance Minister Ravi Karunanayake yesterday challenged former Central Bank Governor Ajith Nivard Cabraal to reveal the amount of the loss the country had incurred because of the hedging deal signed with his blessing, instead of accusing the new government on its economic policies.

May trade gap widens 50%

?Sri Lanka’s trade deficit in May widened a whopping 49.7 percent year-on-year (YoY) to US $ 703 million, amid a significant increase in imports led by vehicle imports, the Central Bank said.

LIOC begins bunkering at Trincomalee port

Lanka IOC PLC (LIOC), the Sri Lankan subsidiary of India’s largest oil refiner Indian Oil Corporation Ltd (IOC), has begun bunkering operations in the Trincomalee port.

Govt. to pay Golden Key depositors from tomorrow

?As per the proposal made by Finance Minister Ravi Karunanayake through his interim budget, the government is to begin the disbursement of payments to the deposit holders of the defunct Golden Key Credit Card Company Ltd from tomorrow, a press statement said. 

CMA receives Global Management Accounting Summit 2015 sponsorship cheques

?Sri Lanka Telecom PLC (SLT), Mobitel (Private) Limited, National Saving Bank (NSB) and Richard Pieris & Company PLC joined  hands with CMA – Sri Lanka as Gold sponsors for Global Management Accounting Summit 2015 to be held from July 27 to 29, 2015, at Cinnamon Lakeside, Colombo.

Top government leaders to address ‘Sri Lanka Economic Summit 2015’

?Sri Lankan President Maithripala Sirisena, Prime Minister Ranil Wickremesinghe, Finance Minister Ravi Karunanayake and Foreign Minister Mangala Samaraweera...

IFC expert to advise on ‘sustainability-led export growth’ at Economic Summit

?Sri Lanka Economic Summit 2015, the annually held summit of the Ceylon Chamber of Commerce, has lined up an IFC expert and an eminent panel to discuss and advice on how to achieve ‘sustainability-led export growth’.

CEYFFA C-Suite Forum: A boost to Sri Lanka’s logistics industry

The Ceylon Freights and Logistics Association (CEYFFA) presents the CEYFFA C-Suite Forum on July 24, 2015, at Hilton Colombo. 

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.