CA Sri Lanka facilitates setting up of professional accountancy body in Bhutan

?In an effort aimed at developing the accounting profession further in the South Asian region, President of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), Arjuna Herath, in his capacity as the President of the South Asian Federation of Accountants...

CTC shares expertise in operational excellence

?In its legacy of over 100 years, the Ceylon Tobacco Company (CTC) has established itself as a benchmark in corporate excellence, not only in Sri Lanka, but within the wider network of British American Tobacco (BAT) markets. 

CIMA Business Leaders Summit to be held in June

?The flagship event of CIMA Sri Lanka, the Business Leaders Summit will be held for the 38th consecutive year on 16 and 17 June at Cinnamon Grand.  The CIMA Business Leaders Summit 2015 is an annual business...

Global IP body urges govt. to develop cohesive Intellectual Property policy

?The Director General of the Geneva-based World Intellectual Property Organization (WIPO) Dr. Francis Gurry, has assured support to the government’s policy of orienting the country towards a knowledge and innovation economy.

Mobitel Innovation Centre opens doors at TRACE Expert City

?Mobitel’s state-of-the-art Innovation Centre was launched by President Maithripala Sirisena at the TRACE Expert City Colombo, the city dedicated for innovation, research & development.

Kerala Tourism forms new tourism circuit with Sri Lanka

The Hindu: Kerala Tourism has decided to form a new tourism circuit with Sri Lanka to tap tourists arriving in the island nation for an extended holiday here.

SAIC to feature international technology partners

The South Asian Investment Conference (SAIC) organised by the Colombo Stock Exchange (CSE) in association with the South Asian Federation of Exchanges (SAFE), will take place today at the Galadari Hotel, Colombo. 

Fears loom over economic data blocking by right to information law

?econonomynext: A proposed right to information law has proposed the blocking of information that ‘could seriously harm the economy’, an excuse the rulers and state workers did not specifically previously have to withhold economic data.

CNE launches Warner brothers licensing to Lanka via local agent Rainco

Cartoon Network Enterprises South Asia together with Cartoon Network CNEs official representative in Sri Lanka, Rainco, recently conducted an awareness programme and media briefing on  regional licensing trends

Turkish frigate arrives on goodwill visit

?Turkish Navy frigate TCG Gediz arrived at the Colombo Port yesterday. The goodwill visit of the ship (from April 26 to 28) to Sri Lanka is part of the commemoration activities of the 125th anniversary of the voyage of Frigate Ertu?rul to Japan. 

zMessenger launches ‘Arambuma’ to empower social enterprises and non-profit organisations

?With 12 years of excellence in service as the country’s first integrated mobile marketing company, zMessenger has been a catalyst in driving the fourth screen revolution in the country.

CA Sri Lanka Taxation Faculty to felicitate new Tax Chief

?The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) together with its Faculty of Taxation will felicitate the newly appointed Inland Revenue Department Commissioner General Kalyani Dahanayake at a ceremony...

Leo Burnett’s young professionals attend AFAA’s Fast Track Programme

?Two young professionals from Leo Burnett Solutions Inc. (LBSI) recently participated in the AFAA Fast Track Professional Excellence Programme, which took place in Kuala Lumpur, Malaysia. 

​SAC organises Logistics Forum on Customs’ Export Facilitation Centre

The Shippers’ Academy Colombo (SAC) together with the Sri Lanka Shippers’ Council (SLSC) has organised a Logistics Forum on April 30, 2015, at the Sri Lanka Foundation, from 9:00 a.m. to 12 noon...

‘Indian Trade Fair 2015’ unveils in Colombo next month

?Bringing into focus the diverse trade opportunities that exist between India and Sri Lanka, the ninth Indian Trade Fair will open on May 07 at the Sri Lanka Exhibition and Convention Centre, Colombo.

Lankem launches Robbialac Painters Academy

?Lankem Paints Ltd, manufacturers and marketers of Robbialac Paints recently launched the Robbialac Painters Academy which will henceforth train Sri Lankan paint applicators and empower them with a scientific skill for life. 

Maliban to introduce range of Hi Cal milk powder

?The Maliban Company has taken measures to introduce a variety of high calcium milk powder (“High Cal Gold”) to the Sri Lanka’s market with the view of improving nutrition level of the consumers. 

Nestlé Lanka celebrates Avurudu

Nestlé Lanka PLC celebrated the Sinhala Tamil New Year Festival recently at the head office premises.  Here Managing Director Shivani Hegde engaging in the traditional ?Ganu Denu? Avurudu custom with Deepal  Abeywickrama....

Fitch’s rating affirmation will boost confidence: Harsha

Fitch’s affirmation of ‘BB-‘ rating on Sri Lanka will result in more foreign investments, and will allow the country to raise funds externally at reasonable rates, according to Economic Affairs and Policy Planning Deputy Minister Dr. Harsha de Silva.

Union Bank 1Q net up 71% over loan growth and better margins

Union Bank of Colombo PLC (UB) Group posted a net profit of Rs. 31.8 million for the quarter ended March 31, 2015, up 71 percent over the corresponding period last year...

Governor Mahendran resumes duty after bond probe report

?REUTERS: Sri Lanka’s Central Bank Governor Arjuna Mahendran has resumed his duties after a more than five-week voluntary leave of absence after being cleared by a panel investigating a controversial government bond auction.

Shares end steady awaiting President’s speech

REUTERS: Sri Lankan shares ended steady in thin trade yesterday, hovering around their highest in more than six weeks hit in the previous session with investors offloading telecom and diversified shares...

DFCC to raise Rs.5bn through debentures

?DFCC Vardhana Bank PLC plans to raise Rs.5 billion issuing Basel II-compliant senior debentures of up to Rs.3 billion and Basel II-compliant subordinated debentures up to Rs.2 billion.

Chevron Lanka 1Q15 net profit down

?Chevron Lubricants Lanka PLC, the local unit of US-based multi national saw its net profit for the quarter ended March 31, 2015 (1Q15) falling Rs.210 million amid subdued top line growth, the interim financial accounts released to the Colombo Stock Exchange showed.

Fitch withdraws rating on DSI Holdings

?Fitch Ratings has withdrawn DSI Holdings Limited’s national long-term rating of ‘BBB(lka)’ with a stable outlook. The withdrawal follows the amalgamation of DSI Holdings Limited with its ultimate parent, DSI Samson Group (Private) Limited. 

HIDA Japan successfully concludes ‘Programme on Corporate Management for Sri Lanka’

?Seventeen Sri Lankan senior managers participated in this year’s ‘Programme on Corporate Management for Sri Lanka’ (LKCM) conducted by the Overseas Human Resources and Industry Development Association (HIDA) Japan, recently in Osaka, Japan.

LankaPay processes over 1mn ATM transactions this Avurudu

?Sri Lanka’s largest common ATM network – LankaPay –recorded a mammoth three-fold growth in ATM transaction volumes and four-fold growth in values within the first 15 days of the April Avurudu season. 

Sri Lanka March tea exports dip

?Total quantity of tea exported for the month of March 2015 including re-exports with imported tea amounted to 25.18 mn/kg, showing a considerable decline of 5.77 mn/kg (-18.65 percent) compared to the same period last year. 

Peter Hill to leave SriLankan for Fiji Airways

Former SriLankan Airlines CEO Peter Hill, who rejoined the national carrier in an advisory capacity this February, will be leaving his position to head Fiji Airways.

Cruise ship arrivals to Sri Lanka doubles

Cruise ship arrivals to Sri Lanka in the 2014/15 season have almost doubled since the 2013/14 season, which has led to a Rs.5 billion budget on promotions, according to the Sri Lanka Tourism Promotion Bureau (SLTPB).