Recognizing Sri Lanka’s Foremost 20 Best Places for Work in 2015

?Great Place to Work Institute in partnership with Fairway Holdings will felicitate the top 20 companies in Sri Lanka that create great work environments tomorrow (10th June) at the Hilton Ballroom. 

Western College holds first Annual Graduation

?Western College for Management and Technology held its first annual graduation at the BMICH under the patronage of the Chief Guest the Assistant Vice Chancellor of the University of Bolton...

Alcatel Lucent promotes products in Sri Lanka

?Alcatel Lucent, a French-based IP networking ultra-broad brand access and cloud technology specialist, is represented by Apogee International in Sri Lanka. 

Havelock City accelerates Phase 3 and 4 development

?Havelock City, the premier residential enclave inaugurated the pile construction works of Phase 3 and 4 residential developments simultaneously in order to expedite the development and complete construction within a shorter period of time. 

National policy on construction vital: CCI

Chamber of Construction Industry (CCI) Sri Lanka President called on the government to develop a national policy on construction to stem the decline of the industry

McLarens Lubricant launches ExxonMobil white oils in SL

?As the sole authorized distributor for Exxon Mobil, McLarens Lubricants recently introduced a new range of medicinal white oils. As the sole authorized distributor for Exxon Mobil, McLarens Lubricants recently introduced a new range of medicinal white oils. The white oils offered by McLarens Lubricants are manufactured to meet the most stringent food and pharmaceutical regulations, unlike those distributed by most chemical importers.&nbs

‘Strangers’ to go international with Tourism Promotion Bureau tie-up

Sri Lanka International University Romp – “Strangers” initially established for inter-university students by the University Of Sri Jayewardenepura, announced that it would take the programme up to the international level, jointly with the Sri Lanka Tourism Promotion Bureau (SLTPB).

Nawaloka ventures into elder care service

?The Nawaloka group has signed a Memorandum of Understanding (MoU) with Harmony and Fusion International (Pvt.) Ltd to operate an elder care service as a joint venture with an investment of Rs.130.38 million.

Agora Securities-NDBIB successfully conclude Singer Sri Lanka debenture issue

?The Singer (Sri Lanka) PLC debenture issue of Rs.3.0 billion was successfully concluded recently with Agora Securities Private Limited and NDB Investment Bank Limited (NDBIB) acting as the joint financial advisors and managers to the issue. 

Hyundai hands-on with android auto

?The next generation of vehicular infotainment technology is here. Hyundai become the first OEM to launch Android Auto, an exciting new computing system that puts the power of Google right in your vehicle’s dashboard.

Rupee forwards tad weaker on limited state bank dollar sales

?REUTERS: Sri Lankan rupee forwards ended a tad weaker yesterday as dollar sales by a state-run bank for spot currency were limited only to select trades, putting pressure on the forwards, dealers said.

Anil Amarasuriya appointed LankaClear Chairman

Anil Amarasuriya, former Director/Chief Executive Officer of Union Bank & MD of Sampath Bank PLC has been appointed as Chairman of LankaClear (Pvt) Ltd with effect from  1st June  2015.

May sees highest tourist arrivals for the year so far; S.Asia leads

Tourist arrivals into the island this May saw the highest gains for the year so far with a 26.1 percent growth year-on-year (yoy) to 113,529 visitors with improvements across all major markets.

Election Day announcement would cheer-up market sentiments: Stockbrokers

An announcement of the election date would bring the much needed certainty to the Colombo Stock Exchange, which would grow exponentially, following the formation of a new government, according to leading stockbrokers, who also cautioned against foreign exchange risk.

Dutch dairy delegation in town

A Dutch delegation of dairy companies and training institutes will visit Sri Lanka today. The primary focus of the visit is to explore potential investments and opportunities in the dairy sector. 

African officials gather in Egypt to talk mega trade pact

?AFP - Senior officials of three African economic blocs met in Egypt yesterday to start hammering out details of a free trade agreement that could develop a common market spanning the continent.

Conservationists press Jakarta to follow industry lead on forests

AFP - Conservationists are urging the Indonesian government to listen to business and start taking deforestation seriously after a major paper giant joined the growing ranks of companies pledging to stop clearing forests.

Retail VAT continuous to haunt Cargills performance

?The Value Added Tax (VAT) extended to wholesalers and retailers with effect from 2013, continues to hamper the country’s largest retail chain, Cargills (Ceylon) PLC...

ACCA and Ceylon Tobacco hold round table conference on finance partnering

?The ability of finance to provide the insight needed for better decision-making is rapidly becoming a requirement today. Finance partnering therefore is increasingly viewed as the most effective way for in house finance teams to add value to a business. 

Orion City awarded LEED Silver Certification

?Orion City, best known for its provision of premium commercial and office infrastructure, added yet another achievement to its list of accolades recently by achieving a LEED Silver certification with a total of 53 points in the LEED BD+C: New Construction (v2009) category.

Koala showcases premium glassware and flatware offerings for Hospitality sector

?Ceyoka (Member of Nawaloka Holdings), the nation’s leading diversified company, through its fully-owned subsidiary Koala (Pvt.) Ltd - a name synonymous with a range of stylish interiors and ...

CA Sri Lanka to launch groundbreaking qualification for FAO industry

?In yet another pioneering venture, which will change the face of the country’s finance and accounting outsourcing (FAO) industry, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka)...

Abans unveils LG G PAD 8.0 feature-packed Android tablet

?Abans has just unveiled the LG G Pad 8.0 LTE, an affordable and feature packed Android Tablet  which is setting a higher standard for connectivity in emerging 4G markets to satisfy consumer demand for speed and convenience wherever they are.

JLanka becomes first Solar company to reach 5GWh Green Energy Generation milestone in Sri Lanka

?Sri Lanka’s pioneering solar power solutions provider, JLanka Technologies achieved the 5 GWh (Giga Watt Hours) Green Energy generation milestones with company’s island wide installations since 2011. 

Chesa Swiss awarded 2015 TripAdvisor Certificate of Excellence

?Chesa Swiss Restaurant in Colombo has been awarded the 2015 TripAdvisor Certificate of Excellence. The award celebrates excellence in hospitality and is given only to establishments that consistently achieve great reviews on TripAdvisor.

Richard Pieris Group records Rs.2.58bn PBT in 2014/15

?The Richard Pieris Group ended its performance in the financial year 2014/15 reporting a Group Revenue of Rs.37.8 billion with a Profit Before Tax of Rs.2.58 billion.  

CLA to hold programme on growing biz by embracing disruptive innovation

?Colombo Leadership Academy (CLA) at the forefront of leadership transformation and development in the country will hold its latest programme on growing businesses by embracing disruptive innovation, on Tuesday, June 9, at The Kingsbury.  Colombo Leadership Academy (CLA) at the forefront of leadership transformation and development in the country will hold its latest programme on growing businesses by embracing disruptive innovation, on T

SEC restrains LRA from providing new ratings

The Securities & Exchange Commission of Sri Lanka (SEC) has taken steps to restrain Lanka Rating Agency Ltd from providing new ratings with effect from 25th March 2015 until the company complies with regulatory requirements imposed by the Commission.

EDB moving top Lankan education providers to Maldives next week

?Buoyed by its success of the educational promotions in 2014 in Male, the Export Development Board (EDB) is facilitating the largest Lankan educational delegation to Maldives next week, sources revealed. 

US agencies probe big banks on China nepotism

AFP - US investigations into the hiring by large banks of the children of powerful Chinese officials are heating up, people familiar with the probes told AFP.