GroupM companies bag 5 awards at Effies

Mindshare Sri Lanka, a fully owned subsidiary of the GroupM network walked away with 4 awards at the recently concluded,,,

Tanky Wickremeratne appointed NDB Chairman

N. G. (Tanky) Wickremeratne has been appointed the new Chairman of NDB Bank PLC with effect from April 20,....

New Peacock Estate records highest yield

Aitken Spence Plantations managed Elpitiya Plantations PLC’s New Peacock Estate in Pussellawa recorded,....

GIIN lists Sri Lanka’s private equity, development finance constraints

A report by the Global Impact Investment Network (GIIN), a world leading body promoting impact investments,..

Singhe Hospitals share shows resilience despite IPO setback

The debutant Singhe Hospitals share showed resilience at the opening day of trading despite the earlier negative responses...

SLI MD Bangsa Jayah appointed to Dockyard board

Sri Lanka Insurance (SLI) Managing Director T.M.R. Bangsa Jayah has been appointed to the board of Colombo Dockyard PLC,...

Tea exports to India up due to backdoor trade with Iran

Sri Lanka’s tea exports to India have increased exponentially, driven by Indian traders who may be trans-shipping to Iran at more competitive prices using their unofficial rupee-denominated currency swap arrangement with the oil rich sanctioned country.

Shares slip on profit taking

?REUTERS: Sri Lankan shares slipped yesterday from their more than one-month closing high hit in the previous session, as investors booked profits after three straight sessions of gains, brokers said.

Ceylon Chamber calls on Parliament to unite and pass 19A

?The apex private sector trade body in the country, the Ceylon Chamber of Commerce (CCC), welcomed the constitutional changes proposed under the 19th Amendment and called on the Parliament to unite and pass it into law.

Indonesia seeks to lure investors at ‘Asia’s Davos’

AFP: Indonesia welcomed business chiefs and government leaders yesterday to Asia’s edition of the World Economic Forum, as calls mount for President Joko Widodo to do more to show his commitment to reform.

Rupee forwards end steady; downward pressure seen

?REUTERS: Sri Lankan rupee forwards ended steady yesterday as banks’ dollar sales offset importer demand for the greenback, but dealers expect downward pressure to persist until the middle of this year due to lower interest rates.

Kurukularatne appointed as HDFC Director

?Udyama J. Kurukularathne has been appointed as a Non-Executive/Independent Director of HDFC Bank, with immediate effect, the bank informed the Colombo Stock Exchange.

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.