Apparel industry lowers export target over delays in regaining GSP Plus

The apparel industry has set its sights lower for the medium term with a US $ 8 billion annual export target to be reached by 2022 over the delays in regaining the duty free access to the European Union (EU) via GSP Plus and due to the economic and political uncertainties in key Sri Lankan export markets.

Radco awarded ISO and SLS Quality Standards Certifications

Radco, the fastest selling heat exchanger brand in Sri Lanka marketed by Browns Thermal Engineering (Pvt.) Ltd celebrated a landmark achievement in the industrial and power generation sector by being the first and the only radiator brand in the island to receive the SLS 740 and ISO 9001:2015 Quality Standards Certifications at the recent awards ceremony held at the Marco Polo Room in Excel World.

DFCC Bank partners with the Fairway Galle Literary Festival

DFCC Bank, recently joined hands with the upcoming Fairway Galle Literary Festival,

Serendib Flour Mills – Seven Star Wheat Flour claims Silver at the SLIM

Serendib Flour Mills (SFML) recently won a Silver award in the B2B Brand category at the prestigious SLIM Brand Excellence Awards,

Pelawatte Gets Its Own Exclusive All-Ladies Store by Cotton Collection

Sri Lankan fashion staple, Cotton Collection, launches its newest store in Pelawatte at 968, Thalawathugoda Road.

Cinnamon’s Resort Hotels receives global recognition at SATA

Cinnamon’s resort hotels recently secured two gold awards and one silver award in three different categories at the prestigious South Asian Travel Awards (SATA) programme

An Emotional Tribute to Teachers – Guru Panduru

It is a sharp analysis of a child’s mind. It triggers a deep discussion about the role of a teacher. It is a perfect example of transforming society. It is one video everyone should watch.

Janashakthi Extends Life Insurance Services to the North

One of Sri Lanka’s foremost insurers, Janashakthi Insurance PLC, in its continued commitment to delivering service excellence, recently 

Pace Institute internationally honoured for excellence in Red Hat-Linux training

Around 90 percent of the Fortune 500 companies are known to use Linux, an open source operating system that’s growing exponentially in usage. Its rising popularity continues to fuel the demand for qualified Linux professionals worldwide. Red Hat, Inc., named by Forbes among the world’s most innovative corporations, remains the global leader in professional Linux education.

FPS Alpha to represent Akzo Nobel as exclusive agent

FPS Alpha (Pvt.) Ltd, a recently started Joint Venture company established between FPS Projects (Pvt.) Ltd, and Optimus Alpha (Pvt.) Ltd, signed an exclusive agency agreement with Akzo Nobel India (Pvt.) Ltd. to represent them in Sri Lanka and the Maldives for their protective coatings business.

CTC bags three accolades at NASCO Awards 2017

The Ceylon Tobacco Company PLC (CTC) recently won three accolades at the annual National Sales Congress Awards (NASCO) 2017 organized by the Sri Lanka Institute of Marketing (SLIM).

Kantar Worldpanel rank Maggi and Nestomalt among Sri Lanka’s Top 10 FMCG brands

Two iconic brands by Nestle, Maggi and Nestomalt, were ranked among Sri Lanka’s Top 10 FMCG brands in the latest Brand Footprint Study by research company Kantar Worldpanel.

Kelani Cables introduces new LED bulb range to local market

Kelani Cables PLC being the number one brand in secure electrical and communication cables in Sri Lanka subsequently ventured into producing LED bulbs, and has recently unveiled its newest LED bulb range to the Sri Lankan market.

Accenture Files Lawsuit On Similar Trademark

Accenture Global Services Limited filed a plaint alleging trademark infringement, trademark dilution, unfair competition and passing off

HNB launches Asia’s first fitness-linked savings product

Seeking to meaningfully enhance lifestyles leveraging new technologies, Sri Lanka’s most digitally innovative bank, HNB PLC, announced the launch of HNB FIT savings accounts, a trailblazing new product that enables customers to save more simply by exercising more.

Insights from ICC Banking Commission’s 2017 technical meeting

For the first time in over 30 years, International Chamber of Commerce (ICC) Banking Commission’s 2017 Technical Meeting was held in London, gathering international experts and close to 250 delegates to discuss key issues affecting the trade finance industry. 

NDB payments and settlements process recognised by Deutsche Bank New York

NDB Bank’s payments and settlements process which is one of the best in the market has won international recognition for quality, timeliness and straight through processing of international payments effected.

Commercial Credit among Business Today’s Top 30

Commercial Credit and Finance PLC, one of Sri Lanka’s premier financial services organisations was presented the prestigious Business Today Top 30 award for the year 2016/2017.

ComBank shares knowledge with Achchuveli’s micro entrepreneurs

Commercial Bank’s Achchuveli branch and the bank’s Development Credit Department (DCD), recently conducted a seminar in collaboration with the Central Bank of Sri Lanka, for 162 micro entrepreneurs in the Achchuveli area, one of the major centres of agriculture in the Jaffna peninsula.

Strong foreign inflows to govt. securities, stocks continue

Despite the slower than expected improvement in the current account, the financial account of the balance of payment (BOP) was strengthened during the month of September with continuous foreign inflows, the Central Bank said.

The Factory Outlets re-opens Mount Lavinia branch

The brand new view visible while going past Mount Lavinia in Galle road right now is so inviting, The Factory Outlet (TFO) unveiled a brand new shopping experience with the re-opening of its Mount Lavinia Branch.

Nolimit founder awarded ‘Passionate 2017’ for reshaping local fashion industry

N.L.M. Mubarack, the founder of the leading fashion retail chain in Sri Lanka ‘Nolimit’, was among the 13 individuals selected by Business Today magazine and recognized as ‘Passionate’.

JASTECA-JK Agencies to launch programme for garment industry

JASTECA Institute of Management in collaboration with JK Agencies (Pvt.) Ltd announces its annual programme titled ‘Juki Production Management Programme for the Garment Industry’.

Performances of regional plantation companies: Facts or fiction?

Sri Lanka’s plantations industry contributes almost 2 percent of gross domestic product (GDP). 

Helavation to launch first augmented reality enabled clothing for children

Helavation, the innovation arm of leading Sri Lanka-based global apparel manufacturer, Hela Clothing, recently announced the launch of its first augmented reality enabled clothing for children.

Roads or schools: A critical trade-off

Roads or schools? It’s a question akin to the ‘guns or butter’ choice that governments around the world confronted in the 20th century: How to spend a nation’s finite resources to produce the maximum benefit for its people.

Aitken Spence wins ‘Best Corporate Citizen Sustainability Award 2017’

Diversified conglomerate Aitken Spence PLC won the coveted ‘Best Corporate Citizen Sustainability Award 2017’ at the annual event organized by the Ceylon Chamber of Commerce, to recognize sustainable champions of the local corporate world, while Hatton National Bank PLC and Cargills (Ceylon) PLC became the first and second runner up of the competition, respectively.

Govt. urged not to sell prime property in Colombo to highest bidder

The Sri Lankan government should stop selling land in Colombo to the highest bidder, and instead learn from the Berlin experience on holistic urban development, a German real estate and urban development expert told a forum in Colombo, this week.

Poor teacher recruitment policies hamper academic performance of govt. schools: IPS

Sri Lanka’s free education system that is expected to be the foundation in bridging the expanding talent dearth is far from reaching its goal due to poor teacher recruitment policies set and executed by the government, an in-depth research by a leading economic think-tank revealed.

LVL Energy Fund IPO price shows discount to valuations

The multiple valuations of LVL Energy Fund Limited shows its shares are going to be issued at a discount at the upcoming Initial Public Offer (IPO) demonstrating the company has more intrinsic value than what the issue price denotes.