Rupee forwards rise on strong remittances

REUTERS: Sri Lankan rupee forwards ended firmer on yesterday as inflows from strong remittances and exporter...

LG System Air Conditioning President visits Sri Lanka

Jae-Sung Lee, President of the System Air Conditioning Business Unit of LG Electronics Inc,...

China’s IFE Elevators opens first branch in Sri Lanka

China based IFE Elevators Co. Ltd launched its first arm ‘IFE Elevators Lanka (Pvt) Ltd’ in Sri Lanka recently.

Arpico Mattresses ‘Sleep & Win’ promo offers weekly air tickets to five destinations

A trusted household brand name for over 80 years,...

Masters Advertising stands taller with 52 years of success

A testimony of perseverance, Masters Advertising has withstood the test of time;...

IPM’s CEO Power Breakfast Forum attracts large number of business leaders

The CEOs Power Breakfast Forum “How HR and Good Governance Can Drive Any Business” ...

BOI facilitates round-the-clock service for exporters

The Board of Investment of Sri Lanka at a recent event,   extended its Green Channel facility to an additional 24 enterprises.

Sri Lanka and Vietnam ink first trade minutes

With a call to quadruple bilateral trade to $1 billion, Sri Lanka and Vietnam inked the minutes of the first...

Polish envoy wants Sri Lanka to purchase fruits from them

The New Delhi-based Polish Ambassador for Sri Lanka and India,..

Ceylon Chamber forum on ‘24X7’ Customs operation today

The import section of the Ceylon Chamber of Commerce together with the Sri Lanka Customs and Sri Lanka Ports Authority...

International wind turbine solution provider sets up office in Sri Lanka

Global wind turbine solutions leader, Spain’s Gamesa Corporación Tecnológica will be facilitating...

John Keells Holdings opens trading at CSE

John Keells Holdings PLC (JKH) opened trading on the Colombo Stock Exchange (CSE) yesterday.

New committee to BoI has not eased obtaining approvals: investors

Though a multi-ministerial committee has been set up in the one-stop-shop Board of Investment (BoI) to evaluate the proposed....

Shares jump 1.4% as investors buy in oversold bourse

REUTERS: Sri Lankan shares rose 1.4 percent yesterday to their highest close in nearly one week as investors bought risky...

Decision on new DG during next Commission meeting

A final decision towards selecting a new Director General (DG) for the market regulator Securities and Exchange Commission (SEC) will be taken in the SEC Commission meeting that is scheduled for April 7. According to SEC Chairman Thilak Karunaratne, the interviews in this regard had taken place on March 27 and a “few” applicants have been shortlisted, as he refused to give an exact number. Media reports earlier said, quoting Kar

Colombo rubber prices hit lowest levels since 2009

Rubber prices at the Colombo auction have hit the lowest levels since 2009, and appears to continue to slip for the foreseeable future, while production may fall, having already reduced to the lowest since 2004, heralding a dark age for the industry.

NSB records highest ever PBT of Rs. 10.5 bn in 2014

?NSB recorded the highest ever profit before tax of Rs. 10.5 billion for the year ended 31st December, 2014, an increase of 360 percent from previous year. The net profit after tax was recorded at Rs. 6.9 billion, a 480 percent increase.

China factor no threat but mutually beneficial - Dr. Palmer

Sri Lanka should not be afraid of Chinese imports or tourists, as they could be beneficial in different ways, an international cooperate sector figure told a public seminar in Colombo yesterday. 

NKAR celebrates 35 years launching new experiences

?It was way back in 1980, a youngster actively involved in music stepped onto his career journey by launching a car rental company from home which took wings as the present NKAR Travels & Tours (Pvt) Limited. 

More bank directors resign

?Several directors have resigned from the boards of two leading private-sector banking corporations during their Annual General Meetings this week. According to announcements on the Colombo Stock Exchange, National Development Bank PLC Directors Anura Siriwardena and ...

Mercantile Investments wins ACCA Sustainability Reporting Award

?Mercantile Investments and Finance PLC (MI) Annual Report for financial year 2013/14 won the Sustainability Reporting Award, under the financial services and Insurance category, at the recently held ACCA Sri Lanka Sustainability Reporting Awards 2014 competition. 

March inflation eases to record low of 0.1%

Sri Lanka’s annual inflation slowed to a record low of 0.1 percent in March from 0.6 percent in the previous month, the Census and Statistics Department said yesterday. 

SEC conducts workshop on stock broking

?Securities and Exchange Commission of Sri Lanka (SEC) successfully conducted the 2nd  professional development programme for the year 2015 on 28th  March, at The Institute of Chartered Accountants of Sri Lanka, Auditorium.

South Asia Textiles to sponsor ‘Governor’s Cup’

?With Sri Lanka’s elite eager to gather at next month’s “Governor’s Cup” horse racing derby, the island’s own “Royal Ascot”, with all the pomp and pageantry it entails, textile industry leader South Asia Textiles Industries...

Multilac takes 187 dealers to Malaysia

?Multilac gifted 187 of its best dealers with an all-expense-paid tour to Kuala Lumpur, Malaysia recently. This was done with the objective of developing people and recognizing their efforts and hard work towards sustaining Multilac’s position as the market leader in paints.

Dynasty Residence sets standards for American investment

?Acting U.S. Ambassador to Sri Lanka Andrew C. Mann extended his enthusiastic support to Kandy’s first mixed development project Dynasty Residence, led by prominent Sri Lankan-American entrepreneur Mahasen Samaravijaya during a recent visit to the construction site.

Arpico unveils ‘Avurudu Siritha’ for 2015

?As the country prepares for the Sinhala and Tamil New Year, the Arpico retail chain has made arrangements to provide its customers with a different experience this festive season.

Masters Advertising marks 52nd year with resilience and unique calling

?A testimony to perseverance, Masters Advertising has withstood the test of time; rendering unequivocal creative ideas for over half a century.  Having entered advertising in a time of many...

Chevron Lanka chief renews call for lubricants industry regulator

Chevron Lubricants Lanka PLC (CLLP) Managing Director/CEO Kishu Gomes renewed his call for an effective regulator for Sri Lanka’s lubricants industry in his address to shareholders in the company’s latest annual report. 

New appointments to private banks to end cronyism: Harsha

?The new government will be appointing its own directors to commercial banks to end the cronyism practiced by the previous regime, according to the Policy Planning and Economic Affairs Deputy Minister.