Pan Asia Bank hosts inter-branch/department quiz followed by Avurudu celebrations

?Pan Asia Bank held its inter-branch/department quiz competition recently with an overwhelming participation of more than 93 teams representing various branches and departments at the Golden Rose Hotel Boralesgamuwa. 

Asiri Laboratories outshines rest with top accreditation

?Asiri Laboratory, market leader in diagnostics, recently received the highly esteemed 15189-2012 international accreditation, confirming its recognition of competence and effectiveness in modernization and development of pathology...

National gas policy critical to market exploration blocks: PRDS

A national gas policy would be required to effectively market Sri Lanka’s offshore hydrocarbon fields to potential players, according to a top official of Sri Lanka’s state-controlled oil exploration agency.

February trade balance widens 10%

Sri Lanka’s February trade balance widened 10.4 percent year-on-year (you)  to US $ 638 million, while the overall Balance of Payment (BoP) position recording a deficit of US $ 692.1 million in the first two months of 2015..

Sri Lanka jumps 11 positions in Networked Readiness Index

The recently released 2015 edition of the Global Information Technology Report of the World Economic Forum has placed Sri Lanka at 65th position in networked readiness among 143 economies surveyed. 

Janashakthi group ups CDB Finance stake over 10%

?Janashakthi group companies have increased their collective stake in CDB Finance PLC in excess of 10 percent.

Carson’s oil palm firms to avoid minimum public float by delisting

?The publicly trading plantation companies of the Carson group will be delisted from the Colombo Stock Exchange (CSE) due to the group’s unwillingness to adhere to the minimum public float listing rules of the market regulator.

Singer parent offers to sell subsidiary stakes to Singer Sri Lanka

?The parent company of listed Singer companies in the Colombo bourse has offered to sell its controlling interests in two subsidiaries to a third subsidiary. 

Sakura International opens latest showroom in Piliyandala

?Sakura, a strong chain of companies that provides an array of services to the construction sector of Sri Lanka, opened their newest venture, Sakura International at Moratuwa Road, Piliyandala on April 30. 

Mos-Lanka secures Gold at annual biz initiative awards

?Mos-Lanka Holdings Private Limited has clinched the International Arch of Europe in the Gold category awarded by the globally recognized Business Initiative Directions.

Reclaiming Indian Ocean identity vital for economy: Mangala

Sri Lanka should reclassify itself as an Indian Ocean country instead of a South Asian country to secure further foreign direct investments (FDIs), exports, tourism and foreign expertise in the future, according to Foreign Affairs Minister Mangala Samaraweera.

Ceylinco Insurance announces 200% dividend of original share price

?Ceylinco Insurance, the market leader in Sri Lanka’s insurance industry, announced an unparalleled dividend of Rs.20 per share to its shareholders for the year 2014, which is a 200 percent dividend of the original share price. 

IMF says ‘risks appear to be on the rise’

?While commending for robust growth, low inflation and narrowing of the current account deficit, the International Monetary Fund (IMF) yesterday cautioned Sri Lanka on its fiscal and external fronts. 

SL’s apex investment promotion agency backs protectionism

Sri Lanka’s apex government body for promoting investments appears to support limited trade despite the current government’s positive disposition towards the matter.

Rs.25mn fraud at Ceylon Leather Products

?Ceylon Leather Products PLC yesterday informed the Colombo Stock Exchange that the employees in its tannery in Mattakkuliya had defrauded the company of Rs.25 million during the financial period of 2012 to 2014.

Sri Lanka’s first crowdfunding platform launched

?Sri Lanka’s first-ever crowdfunding platform Help.lk is seeking to bring more foreign exchange to the country to support local innovative ventures and charities.

Indian Trade Fair 2015 opens today

?The ninth Indian Trade Fair will open at 10:00 a.m. today (Thursday. May 7, 2015) at the Sri Lanka Exhibition and Convention Centre (SLECC), Colombo under the distinguished patronage of Acting High Commissioner...

ACFA commends government on 24/7 Customs operations

?The Association of Clearing and Forwarding Agents (ACFA) commended the recent actions initiated by the Government of Sri Lanka (GoSL) on the facilitation provided to importers and exporters, which certainly has a positive impact on trade. 

Baur join forces with Swiss Eyewear Group

?A. Baur & Co. (Pvt.) Ltd, established in 1897, and its sister company Baur Asia Pte. Ltd, Singapore have announced further expansion of their activities in the eyewear branch.

Multilac draws huge attention at Canton Fair

?Multilac made the Sri Lankan flag fly high at the recently concluded 117th China Canton Fair and it is proud to be the only Sri Lankan company to have taken the initiative to promote our Sri Lankan products, at a trade fair of such magnitude. 

AVIC signs on top contractor for Astoria luxury condominium completion

?Astoria, a luxury condominium development that aims to set a new standard in the luxury living style of Colombo, will soon be at the heart of Sri Lanka’s business capital, offering residents a truly indulgent experience. 

Cambio appoints new head for product development

?Cambio Healthcare Systems is a Swedish developer and provider of e-Health solutions to healthcare providers in Sweden, Denmark and UK. In its Sri Lanka office in Colombo 03, Cambio currently provides employment opportunities for over 250 local software engineers.

Singer attends 6th Annual Beko Conference in Turkey

?Beko, the global brand of Arçelik A. S., hosted 1240 authorised dealers from different corners of Turkey and the globe at its 6th Annual Beko Authorised Dealers Meeting in Istanbul, Turkey recently. 

Women in Logistics and Transport Sri Lanka Forum holds AGM

?The Women in Logistics and Transport (WiLAT) Sri Lanka Forum held its Annual general Meeting (AGM) recently, at the National Chamber of Commerce Auditorium, amidst a large gathering, the highest ever recorded in an AGM for WiLAT. 

Sri Lanka-Rwanda Business Forum to be held in Colombo

?Sri Lanka-Rwanda Business Forum, which is organised by the Ceylon Chamber of Commerce, will be held on May 28, 2015 with the participation of a high-powered business delegation from Rwanda.

CIMA partners Rotary to grow one million trees

?CIMA Sri Lanka officially announced the organisation’s participation in Rotary Lanka’s flagship initiative, One Million Tree Stories Project on Tuesday. 

Epic launches new solutions at Interpol World

?Epic Technology Group launched several new products at Interpol World 2015 in Singapore recently. The exhibition restricted for practicing professionals, state authorities, defense and security establishments and international agencies attracted a large number of visitors and exhibitors.

Sanath Fernando reappointed to IFRS SME Implementation Group

?Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) Member and Ernst & Young Partner Sanath Fernando was recently reappointed to serve a second term in the Implementation Group of the International Financial Reporting Standard for Small ...

Ceyoka offers optimized energy efficiency through advanced insulation technology

?As a progressive company with over three decades of visionary growth, Ceyoka (Pvt) Ltd is known for its extensive product diversity and superior services.  

Shares close at two-month high on hopes of better earnings

REUTERS: Sri Lankan shares rose to a more than two-month high yesterday due to local buying in large-caps, while foreign investors exited from risky assets.