Nikon Corporation introduces new “NIKON D7200”

Nikon corporation-Japan, recently introduced Nikon D 7200 making an absolute challenge ...

Retail giant to enter business education sector

Sri Lanka’s business education sphere will see the addition of a new entrant by mid this year with Sri Lanka’s...

Country’s largest e-commerce platform opens up for other biz

Sri Lanka’s largest e-commerce platform Kapruka.com (Pvt.) Ltd is wooing businesses...

Cold storage manufacturer to resume work after labour dispute

The Board of Investment (BoI) company Everest Industrial (Pvt.) Ltd,...

Tile manufacturer says despite higher tariffs imports rising

Importation of floor and wall tiles into Sri Lanka despite high import tariffs is threatening...

Africa leaders sign ‘Cape to Cairo’ free trade bloc deal

?AFP: African leaders signed Wednesday a potentially historic 26-nation free trade pact to create a common market spanning half the continent from Cairo to Cape Town.

Brand new car registrations hit all time record in May

Brand new car registrations hit an all time high of 3,206 units in May led by Maruti Altos due to reduced tax rates on small cars by the interim budget, cheaper credit, lower fuel prices and higher disposable incomes.

CFO workshop by CA Sri Lanka, Euromoney Training on strategic financial leadership

?With the role of the chief financial officer (CFO) becoming increasingly complex and demanding, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) ....

Singer Finance to launch credit card operations this year

?The first credit card by a non-banking financial institution will be launched before the end of the year by Singer Finance PLC, the finance arm of diversified Singer group said. 

China-South Asia Expo 2015 kicks off

The China-South Asia Expo 2015 trade fair is currently underway at the Kunming Dianchi International Convention & Exhibition Centre in Kunming, China, where a record number of 129 participants are taking part representing Sri Lanka.

JKH to develop 5-star property in Nuwara Eliya

 Premier blue-chip conglomerate John Keells is currently designing a 5-star hotel in Nuwara Eliya with an investment of approximately US$ 25 million under its flagship Cinnamon brand.

Royal Ceramics mulls entering North American market

Royal Ceramics Lanka PLC (Rocell) is looking to expand its global sales footprint with the addition of the North American market. 

Zimbabwe to phase out worthless local dollar

?AFP: The Zimbabwean dollar will officially be taken out of circulation, officials said Thursday, six years after hyper-inflation rendered it worthless and US dollars became the most widely-used currency.

Dutch dairy mission successfully completed

A trade delegation from the dairy sector in the Netherlands visited Sri Lanka recently. The delegation included companies specializing in storage of feed, processing and cooling equipment...

Japan’s Fujitec likely to hold back Lankan investments over Lotus Tower

?Breach of trust along with an attempt to revoke an agreement already been entered into for awarding a contract to provide high speed elevators and escalators to the Colombo Lotus Tower,...

National Chamber workshop on ‘import procedures’

?The National Chamber of Commerce will conduct a one-day workshop on import procedures and documentation on Saturday, June 20, 2015, from 8:30 a.m. to 4:30 p.m., at the chamber auditorium, No: 450 D.R. Wijewardene Mawatha, Colombo 10.

Top marketer Meewakkala appointed to HDFC board

?Senior marketing professional Rajiv Meewakkala has been appointed to the director board of HDFC Bank with immediate effect, replacing D.H.U. Kurukulartne, who resigned from the board with effect from June 6, 2015.

CIMA Business Leaders’ Summit all set for tomorrow

?The flagship event of CIMA Sri Lanka, the Business Leaders’ Summit is all geared up to set sail on June 16 and 17, 2015. The much-awaited summit will commence with its inauguration on June 16, followed by the intellectual connect event on June 17.

EDB and JAAF showcase Lankan apparels to Latin America

?As Sri Lanka’s annual apparel exports closed at the crucial US $ 5 billion mark, South America’s largest apparel market was given a preview of Lankan fashion when Brazil International Apparel Sourcing Show 2015 (BIAS 2015) opened in Sao Paulo recently.

Flemingo Duty Free launches ‘Privilege’ loyalty programme

?Flemingo Duty Free is predominantly associated with innovation, customer orientation and its penchant for always increasing value for its stakeholders and esteemed clientele. Flemingo Privilege is one such venture, a rewarding loyalty programme now launched by Flemingo Duty Free. 

Verité Research forays into investment advisory services

?Colombo-based interdisciplinary think-tank Verité Research has ventured into investment advisory services, in a bid to provide prospective foreign investors with an opinion about the risks and opportunities in their chosen field of investment, backed by data and empirical analysis. 

MAS clinches highest number of PVH Global Supply Chain Awards

?MAS Holdings was recognized at the PVH Corp. Global Supply Chain Summit held in Thailand recently. MAS Intimates received three awards in the areas of Human Rights, Sustainability and Strategic Advancement;...

Mobitel partners with Education Ministry and TRCSL to provide high speed internet to schools

?The National Mobile Service Provider Mobitel recently partnered with the Data Management Unit of the Ministry of Education and the Telecommunications Regulatory Commission Sri Lanka (TRCSL) for the launch of the School...

Performing Arts sector tipped to attract Foreign Direct Investments

?Film, teledrama & stage play producer Dr. Arosha Fernando is focusing on developing all three sectors of the performing arts in Sri Lanka as an industry, to attract foreign direct investment (FDI) in future. 

Yamaha unveils future of digital mixing at pro audio seminar

?Sri Lanka’s pro audio circuit was provided a rare preview of the future of digital sound mixing recently at a seminar in Colombo hosted by Yamaha Music Centre on the ‘Digitalisation of Terrestrial TV.’

Globe Mirror Industries re-launches as Globe Glass

?Globe Mirror Industries, the premier importer, manufacturer and distributor of high-end domestic and commercial glass and mirror products, recently announced the rebranding of its identity to Globe Glass in order to better reflect its current scope of operations. 

Unclassified tea planters cry foul over lack of govt. support

?A group of tea planters who have not been given a proper categorization are facing pressures in maintaining operations due to a lack of government support as well as macroeconomic issues.

World Bank projects growth to slow down

The World Bank yesterday in a report said economic growth in Sri Lanka is expected to slow down with the new government revisiting the investment-led growth model, though it will be partially offset by increase in consumption and strong tourism and remittance inflows. 

Local borrowing surges as new tax bills delayed

?REUTERS: Sri Lanka’s local borrowing through government bonds has surged, surpassing the total figure for all of last year, recent data showed, as the new government struggles to pass crucial tax bills announced in January to finance some populist measures.

Aitken Spence aims wider horizons as principals merge

?Aitken Spence PLC is looking towards wider markets in logistics with the mergers of their principals taking place in the global sphere.