Singer (Sri Lanka) announces share purchase prices

Singer (Sri Lanka) PLC yesterday announced the respective purchase prices for the proposed purchase of shares in Regnis (Lanka) PLC and Singer Industries (Ceylon) PLC.

Mercmarine Training launches high-tech engine room simulator

Pledging a long felt necessity of a Marine Engineering Training simulator in Sri Lanka, Mercmarine Training, a renowned maritime training institute launched a “ State-of-the-art Engine Room Simulator” recently at their training centre in Colombo. 

SAARC to get satellite from India

?Addressing the inaugural session of the 18th South Asian Association for Regional Cooperation (SAARC) Summit in Kathmandu last year, Indian Prime Minister Narendra Modi said his country is ready to develop...

Pathfinder presents economic proposals to President

?In the recent weeks, President Maithripala Sirisena has undertaken the task of consulting groups of intellectuals and captains of industry with a view to sharing their views and experience to improve Sri Lanka’s economy.

IAA to host Creative Mantra workshop

The International Advertising Association (IAA) will host the highly anticipated Creative Mantra workshop on June 26 and 27, 2015, at Citrus Waskaduwa. 

Nivasie’s Orchid Apartments brings luxury condominium living to Malabe

Premier housing project development company Nivasie Developers is launching its latest project ‘Orchid Apartments’ in the booming suburb of Malabe today. 

SEC mulls mandatory rating for brokerages

Capital market regulator, the Securities and Exchange Commission (SEC), is exploring ways to introduce mandatory rating for stockbroking firms operating at the Colombo Stock Exchange (CSE), a top official said.

New look for ACL Cables

?ACL Cables, the number one cable manufacturer in Sri Lanka with over 70 percent market share and Rs.14.5 billion turnover, as a group, and the pioneer in Sri Lanka’s cable industry since 1962...

Services liberalization, only way to bridge skilled labour gap

Liberalization of professional services in Sri Lanka would go a long way towards filling the skilled labour gap in Sri Lanka and uplifting the country’s skill levels, according to experts who spoke at a forum recently.

Softlogic to open 5-star hotel next March

?Sri Lanka’s youngest diversified conglomerate, Softlogic Holdings PLC will be opening its 5-star city hotel under the globally renowned Movenpick brand in March 2016.

MTD Walkers to launch first affordable housing project in Galle

?Wincon Development Ceylon (Private) Limited, a fully-owned subsidiary of MTD Walkers PLC is set to launch Richmond Hill Residencies, its very first affordable housing project in Galle in July this year. 

Everything about you will be connected in future: Google

In the next 4 or 5 years, just about everyone and everything will be connected, and it is harder to predict what will happen in the next 10-20 years or beyond, according to a Google official who was speaking about the future of technology, at the Millennium Information Technologies (MIT) yesterday.

Hayleys MGT gets nod for name change

?A special resolution to change the name Hayleys MGT Knitting Mills PLC to Hayleys Fabric PLC was unanimously approved by the shareholders at an Extraordinary General Meeting (EGM) held yesterday.

Fitch cautions over volatile external front

International ratings agency Fitch Ratings warned Sri Lanka against ludicrous policies, persistent uncertainties in the political frontier and weakening foreign reserves while reaffirming the sovereign at ‘BB-’/Stable for the second quarter of 2015.

BOI signs Rs.24.6bn worth investment agreements in first five months

?Sri Lanka’ apex investment promotion body, Board of Investment (BOI) yesterday said it signed investment agreements amounting to estimated Rs.24.6 billion during the first five months of the year.

Citrus Kalpitiya plan gets shareholder nod

?The shareholders of Kalpitiya Beach Resort PLC unanimously approved the plans of the board of directors to build 60-room Ayurveda and Spa Resort as an alternative first phase of development of ‘Citrus Kalpitiya’, during an Extraordinary General Meeting (EGM) held last week.

Japan confirms plan to resume whale hunt

?AFP: Japan’s chief whaling negotiator confirmed yesterday its ships would return to the Antarctic this year, despite a call by global regulators to provide more evidence that the hunt has a scientific purpose.

Senthilverl ups Watawala stake over 10%

?High-net-worth investor Dr. T. Senthilverl has upped his stake in Watawala Plantations PLC over 10 percent.

Japan lends Rs.27bn to upgrade electricity transmission and distribution network

?The Government of Japan extended a yen loan amounting to 24,930 million Japanese yen (approximately Rs.27.4 billion) to Sri Lanka towards the national transmission and distribution network development. 

Epic charts strategic direction with MTI

?Sri Lanka’s leading technology provider in secure payment automation and information systems security solutions, Epic Lanka has commenced implementing its strategic directional plan that was developed in conjunction with MTI Consulting. 

Tudawe Trading revolutionises local industries with steam cleaning

?Tudawe Trading together with SJE Corporation of Korea recently launched a green revolution in the cleaning industry in Sri Lanka with the introduction of the Optima range of steam cleaning machines to the local market.

Expolanka sponsored Venture Engine wins at Asia Responsible Entrepreneurship Awards

?Asia Responsible Entrepreneurship Awards programme 2014 (AREA) held in Macau on 19th of June honoured Expolanka Holdings PLC for the Group’s involvement in the entrepreneurship development programme, ‘Venture Engine’. 

CNCI Achiever Awards application closes on June 30

?The Ceylon National Chamber of Industries (CNCI) started issuing applications for the “Achievers’ Awards – 2015” after its launch in mid March 2015.  

Adfactors PR is PRWeek’s ‘South Asia Agency of the Year 2015’

?India’s number one public relations firm, Adfactors PR, has been awarded with the title of ‘South Asia Agency of the Year 2015’ by PRWeek, a globally renowned publication.

Hayleys Agriculture Holdings wins Asia’s Responsible Entrepreneurship Award in Social Empowerment ca

?The very ethos and business philosophy of Hayleys Agriculture Holdings is to serve the farming community through Agri inputs and value-added services that are made available through its islandwide network. 

Glyphosate ban to worsen tea industry woes

The troubles of the country’s tea industry are likely to be worsened with the recently enacted presidential ban on the herbicide, glyphosate, which has had no reports of ill effects on residents across the tea plantation areas so far. 

‘Sri Lanka’s Global Economic Strategy’ to be discussed at Economic Summit

?Upcoming ‘Sri Lanka Economic Forum 2015’, the country’s top economic forum held annually, will discuss the importance of establishing ‘A New Global Economic Strategy For Sri Lanka’.

Shares edge up; political woes hurt sentiment

?REUTERS: Sri Lankan shares inched up yesterday, recovering from a two-month low hit in the previous session, led by large caps, but trading was choppy as political woes ahead of an announcement on parliamentary election date weighed on sentiment.

Exciting offers for Sampath credit cardholders at World Duty Free

?SampathCards has partnered with World Duty Free, Sri Lanka. Continuously amplifying and expanding its nexus of partnerships in order to provide a host of unparalleled benefits to its credit cardholders...

DSI opens 5th showroom in Galle

?With the aim of unleashing another expansive approach in the form of the 203rd showroom, DSI has branched out in Wakwella Road, located in Galle, with yet another copious product offering for shoe shoppers down south.