Singer Sri Lanka in Rs.3bn debt issue

?Leading consumer durables retailer Singer Sri Lanka PLC plans to raise up to Rs.3 billion through a debenture issue. The unsecured redeemable debentures are likely to have a three-year tenure and to be issued in two tranches with fixed and floating rates.

CEB, Fentons become CMA training partners

?Two more prominent commercial organisations have joined hands with Certified Management Accountants (CMA), Sri Lanka in its efforts to produce management accountants who are skilled and well trained in their valued profession. 

Nolimit to limelight at JASTECA Taiki Akimoto 5S Awards

?It was a clean sweep for Nolimit, the largest fashion retail chain in Sri Lanka, at the recently concluded JASTECA Taiki Akimoto 5S Awards Ceremony 2014 as it could walk away with the most number of awards totalling up to 12 with three...

Maggi voted ‘Food Brand of the Year’ and ‘Youth Food Brand of the Year’

?Sri Lankan consumers voted Nestlé’s much loved food brand, Maggi, ‘Food Brand of the Year’ and ‘Youth Food Brand of the Year’ at the SLIM - Nielsen People’s Awards 2015 for the third consecutive year.  

Brandix celebrates excellence with ‘Rasadiya Mangalya’

?Apparel sector associates from Sri Lanka, India and Bangladesh united by their employer Brandix, were honoured at a spectacular celebration of excellence when Sri Lanka’s single largest apparel exporter hosted its annual ‘Rasadiya Mangalya’ in Colombo recently.

Dialog partners Vision 2020 to eliminate avoidable blindness

??Sri Lanka’s premier connectivity provider Dialog Axiata PLC partnered Vision 2020, a joint programme by the World Health Organisation and International Agency for the Prevention of Blindness to eliminate avoidable blindness amongst citizens. 

SLCHBC hosts biz meetings for visiting Liaoning and Yunnan delegations

?The Sri Lanka-China Business Council (SLCHBC) facilitated business meetings and networking sessions with visiting delegations from the provinces of Liaoning and Yunnan of the People’s Republic of China this month. 

China cuts bank reserve ratio requirement as growth slows

?AFP: China’s central bank announced Sunday it would cut the level of funds that commercial banks must hold in reserve by one percentage point, the second such move this year to boost lending.

Chartered Institute of Logistics and Transport holds AGM

?Chartered Institute of Logistics and Transport (CILT) held its AGM on March 30th at the Kingsbury Hotel. Niral Kadawathararachchi was reelected as the Chairman for his second term.

Verité Research discusses importance of budget transparency and accountability

?Verité Research hosted a seminar and discussion on the topic “Budget Transparency in Sri Lanka: Learning from the Open Budget Survey” on the 2nd of April, presented by Nilangika Fernando. 

Sri Lanka to host 8th IPWE Conference

Sri Lanka Convention Bureau (SLCB) announced yet another international conference (eight installment) of the International Perspectives on Water Resources & the Environment Conference ....

NCC seminar on CEPA and implications on SL economy

?The National Chamber of Commerce  has organised an awareness seminar on CEPA on April 29th from 3.00 p.m  to 5.00 p.m at the Chamber Auditorium. High level government officials and prominent business leaders from the private sector will address the session and air their views on CEPA.

CSE to host conference for regional exchanges

?The Colombo Stock Exchange (CSE) in association with the South Asian Federation of Exchanges (SAFE) will host the South Asian Investment Conference and SAFE Annual General Meeting on April 26th and 27th in Colombo. 

IMF & WB urged to create fund to tackle epidemic outbreaks

?The global multilateral lenders were called on to establish a separate fund designated to be used in cases of epidemics, which could incite mass scale destruction into mankind and irreparable damage to those economies at large. 

CONTROVERSIAL 30-YEAR BOND ISSUE:Committee finds serious lapses by BOC; recommends forensic audit an

?The Committee appointed by Prime Minister Ranil Wickrasinghe to inquire into the controversial 30-year bond issue has found “serious lapses” on the part of state banking giant Bank of Ceylon (BOC) which routed unusually large amount of bids on behalf of Perpetual Treasuries. 

As hard as drawing investments in

?Minister of Highways and Investment Promotion Kabir Hashim took part in traditional ‘Avurudu Kreeda’ in Mawanella, where he is the chief organizer for the United National Party. The picture shows the minister taking part in tug-of-war. 

Aitken Spence Travels surpasses 100,000 visitor handlings to Sri Lanka

?Aitken Spence Travels, a leading destination management company in the country has surpassed the one hundred thousand milestone of handling visitors to Sri Lanka for the financial year of 2014/2015.  

Vehicle registrations hit all-time high in March

Vehicle registrations hit an all-time high in many segments in March, showing mixed responses to the intended outcomes of the interim budget, according to data compiled by stockbrokerage JB Securities (Pvt) Ltd.

TBWA\Sri Lanka recognized at AdFest with two awards

?Founded in 1998, ADFEST focuses on celebrating and raising the standards of creativity in the region, and it is widely recognized as one of the most competitive and prestigious festivals in the Asia Pacific region. 

Marina makes ‘Ananda Asiri Avurudu Siri’ enjoyable

?‘Ananda Asiri Avurudu Siri’, the New Year festival of the Primary Section of Ananda College was held at its playground recently. The chief guest at the event held under the guidance of Kithsiri...

Puritas commissions wastewater treatment plant for coir industry

?Sri Lanka’s coir industry reached an important milestone last month, with the commissioning of a pioneering wastewater treatment plant for the Botanicoir (Pvt) Ltd factory in Dankotuwa. 

‘NDB Jaffnaspire 2015’ to focus on community development, empowerment

?NDB will be conducting a five-day series of activities in the Jaffna peninsula, in a bid to inspire and empower the people of the region towards sustainable financial progress; by introducing them to the Bank’s unique financial solutions and advisory services. 

Cargills awards farmer leaders across Sri Lanka

?President Maithreepala Sirisena awarded 18 vegetable and dairy farmers from across Sri Lanka at the Cargills Saru Bima Farmer Citizen’s award at a ceremony held at the BMICH yesterday.

BAT pledges ongoing commitment to ‘Shared Value’ in Sustainability report

?British American Tobacco recently published its latest ‘Value Shared’ Sustainability Summary report detailing how the company is investing in a sustainable future for its business and society.

MBSL kick off SME forums from Gampaha

?Merchant Bank of Sri Lanka and Finance PLC (MBSL), together with Lanka Training and Education Academy (LTEA) with the assistance of Sri Lanka Federation of Industrial Associations, has organized...

CCC says uncertainty affecting economic and biz environment

The Ceylon Chamber of Commerce (CCC) yesterday urged the President and the government to end the prevailing political uncertainty by holding the general election as soon as possible, preferably keeping to the dates announced in the ‘100-day program.’

Keangnam’s fate will not affect Waterfront Project: JKH

?Korean construction house Keangnam Enterprises, which holds a significant stake in the construction of John Keells Group’s Waterfront Project could be facing liquidation, after stocks hit the bottom in The Korea Exchange.

Kalpitiya Beach seeks alternative location for delayed resort

Kalpitiya Beach Resort PLC, a subsidiary of Citrus Leisure PLC is looking for alternative locations in Sri Lanka and the Maldives to develop its project, given the lack of development in the Kalpitiya area.

Consolidation should be left solely to the entities: Committee Report

?The committee appointed by Prime Minister Ranil Wickremesinghe to determine the feasibility of the Central Bank’s Financial Sector Consolidation Plan has expressed that the government should only act in a regulatory capacity to create an environment conducive for consolidation.

Brent crude hits 2015 highs as U.S. production slows

?REUTERS: Brent crude oil hit 2015 highs above US $63 per barrel yesterday after a rally of more than 5 percent the previous session, and analysts said more price rises were likely despite market oversupply.