BIA runway : Access tells its story

?Access Engineering PLC (AEL) informed the Colombo Stock Exchange that it had followed proper procedure in acquiring the US $ 85 million contract to repair the runway at Bandaranaike International Airport (BIA), contrary to earlier reports.

SEC gets tough on Kalpitiya Beach Resort

?While expressing its “grave concern”, the Securities and Exchange Commission (SEC) has issued directives to Kalpitiya Beach Resort PLC with regards to the proceeds the company collected during its Initial Public Offer...

Alexandre Glauser appointed as OZO Hotels Sri Lanka Area General Manager

?Thailand-based ONYX Hospitality Group appoints accomplished hospitality professional, Alexandre Glauser as the Area General Manager to OZO Hotels in Sri Lanka, which includes OZO Colombo and soon-to-open OZO Kandy. 

Nurturing young talent, inspiring collaboration a priority, 4As says at AGM

?The Sri Lankan Chapter of the Association of Accredited Advertising Agencies (4As), which represents advertising and marketing communications practitioners, agencies and related businesses in Sri Lanka, recently elected its new board members for...

Uga Escapes opens Residence all-suite boutique hotel

Uga Escapes officially opened its doors to its fourth property, Residence, an all-suite boutique hotel, at No: 20, Park Street Colombo 2. Uga Escapes, demonstrating its commitment to the luxury tourism sector...

New range of Bigen products launched in Sri Lanka

?Hoyu Company Ltd of Japan, manufacturers of Bigen hair dye, together with Premasiri Stores, held its inaugural Bigen dealer conference at the Sasakawa Hall in Colombo last week.  

Budget proposals positive for large spirit makers: Fitch

?Fitch Ratings says the Sri Lankan government’s proposals to impose a minimum excise tax on liquor and beer manufacturers and tighten issuance of liquor licences are positive for larger spirit manufacturers, including Distilleries Company of Sri Lanka PLC (DIST; AAA(lka)/Stable). 

Fish ban likely to delay regaining EU’s GSP+

The re-establishment of the much coveted GSP+ (Generalized System of Preferences) preferential trade agreement with the European Union (EU) could take nearly two years due to the ban on fisheries, according to the man in charge of Sri Lanka’s economic policy.

HNB launches Sri Lanka’s first Oculus Rift virtual reality brand experience

?Hatton National Bank (HNB), Sri Lanka’s premier private sector commercial bank recently launched Sri Lanka’s first-ever Oculus Rift brand experience using virtual reality (VR) technology as part of its ‘New World Banking’ marketing campaign. 

HNB Assurance rewards top performers of bancassurance

?The innovative insurance solutions provider, HNB Assurance (HNBA) recently held its Annual Awards ceremony for bancassurance officers at Galadari Hotel Colombo to recognize the top contributors from the HNBA Bancassurance team in the year 2014.

​Cargills Bank 4Q net up over tax gains

The banking arm of the Cargills group, Cargills Bank Limited (CBL), posted a net profit of Rs.44 million (10 cents per share) for the quarter ended December 31, 2014, increasing from Rs.4.1 million a year earlier helped by a corporate tax credit. 

​Sri Lanka records £ 1,158mn exports to UK in 2014

Sri Lanka recorded £1,158 million of exports to the UK in 2014, signifying a 36 percent annual growth, helped on by the apparel industry, and reaffirming the UK as Sri Lanka’s top export destination in Europe.

Fitch affirms Sri Lanka Insurance Corporation at IFS ‘BB-’/Stable

?Fitch Ratings Lanka has affirmed Sri Lanka Insurance Corporation Limited’s (SLIC) Insurer Financial Strength rating (IFS) at ‘BB-’ with a stable outlook. The agency has also affirmed the National Insurer Financial Strength Rating and National Long-Term Rating at ‘AA(lka)’ with a stable outlook.

Annual K. Sivagananathan Memorial Oration and Awards next week

Rosy seeks ILO assistance to eradicate child labour

State Minister of Child Affairs Rosy Senanayake recently sought assistance from the International Labour Organisation ..

NEC Asia Pacific launches Smart Enterprise solutions in Sri Lanka

NEC Asia Pacific, a leading IT and network solutions provider and systems integrator based...

Job portal Everjobs makes debut in Sri Lanka

Everjobs (everjobs.lk), the new job portal for fast growing markets,..

Lanka Hospitals issues interim dividend backed by positive financial growth

Lanka Hospitals’, has sought to add to shareholder value by issuing an interim dividend of Rs. 1 per 

Design Containers bags top entrepreneur award

Design Containers known for their eco-friendly constructions have clinched the award for the Best 

Sri Lanka to sell 80% of Hambantota port to Chinese firm

REUTERS:  Sri Lanka will sell to a Chinese company 80 percent of a US $1.5-billion port in its south, 

Regulator approves CEB’s interim measures to avert power crisis

Sri Lanka’s power regulator has said it would consider the interim measures put forward by the CEB to avert a power crisis, but at the same time rejected the Least Cost Long Term Generation Plan 

Biz Council calls local businesses to further exploit trade with France

The Annual General Meeting (AGM) of Sri Lanka-France Business Council, hosted by the Ceylon