Shares end marginally higher; block deals boost turnover

REUTERS: Sri Lankan shares ended with modest gains yesterday as local investors picked up beverage and trading shares, while block deals boosted the turnover to more than a two-month high. The Colombo stock index ended 0.08 percent firmer at 6,377.38.

Lanka Social Ventures to conduct seminars for recycling entrepreneurs

Lanka Social Ventures, with the aim of providing services for business ventures engaged in recycling and thereby contributing to address the issue of solid waste management, is organising a series of public seminars. 

Sri Lanka Retail Forum 2017 lines up some best minds to speak

Sri Lanka Retail Forum 2017, which was inaugurated last evening, has lined up 20 best global and local retail industry minds to share insights, make recommendations and discuss how Sri Lanka can transform itself into a regional retail hub, during today’s sessions. The forum, organised by the Sri Lanka Retailers’ Association, an affiliated trade body of the Ceylon Chamber of Commerce, is the first such event to be held in Sri Lanka, fo

Mobitel partners with Fairfirst Insurance

The National Mobile Service Provider Mobitel, has partnered with Fairfirst Insurance to offer customers an innovative micro-insurance cover that provides customers financial assistance when the

‘Good vs. Gold’ featuring Leo Burnett Toronto’s Group Creative Director Anthony Chelvanathan

The International Advertising Association (IAA) Sri Lanka Chapter is set to present ‘Good vs. Gold’, an inspiring session featuring the globally acclaimed Group Creative Director of Leo Burnett Toronto,

OPPO to launch another cutting-edge model in Sri Lanka

OPPO, the leading global mobile brand, is set to launch one of its latest mobiles in Sri Lanka. Outfitted with Android nougut 7.1. and latest selfie technology the new model will sport a spectacular design 

Vision 2025 needs to be communicated to public properly

Be it an individual or government, they have to plan well, if they need to accomplish something successfully. President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe recently launched the good governance government’s policy framework titled ‘V2025: A Country Enriched’ explaining the nation how the government will bring economic prosperity over the next few years. 

Moody’s gives thumbs up for SL’s new tax law

Moody’s Investors Services (Moody’s) yesterday expressed its satisfaction over the new Inland Revenue Act passed in parliament last week as it will boost Sri Lanka’s revenue front and support the country’s credit profile by ensuring long-term fiscal stability.

Local construction industry in collective effort to grab tenders from foreign giants

The local construction industry stakeholders are hoping to collaborate with each other and receive state support to compete with the influx of foreign construction giants, as more Western Province Megapolis projects are tendered by  the government.

Sri Lanka tax holidays already given under BOI to stay

ECONOMYNEXT: Sri Lanka will not abolish tax holidays already given by the Board of Investment (BOI), after a new income tax law comes into effect, Deputy Treasury Secretary S.R. Attygalle said.

Reinsurance keeping Lankan insurers afloat amid floods, says Fitch

Sri Lanka’s general insurance companies are likely to be able to cope with the increased number of claims resulting from flood damages due to adequate reinsuring, credit ratings agency Fitch Ratings said yesterday.

Condominium Developers Assn. appoint new office bearers

The Condominium Developers Association of Sri Lanka (CDASL), an affiliate of the Ceylon Chamber of Commerce, has announced the appointment of new office bearers and members of the Executive Committee for 2017-18.

South-South Investment: A necessary synergy with development finance

Even though 35 developed countries pledged to provide 0.7 percent of its Gross National Income (GNI) to foreign aid, only six nations - the UK, Denmark, the Netherlands, Norway, Luxembourg, and Sweden - currently fulfil this obligation. 

Shares close little changed in dull trade; tax bill weighs on market

RETUERS: Sri Lankan shares closed little changed in low turnover yesterday as investors waited for clarity on the new tax bill.

Overwhelming response for Kandy Investor Forum

The Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) jointly concluded another successful Investor Forum in Kandy.

Saw Engineering emerge victorious at CNCI Achiever Awards

With innovation both locally and internationally in the engineering sector, having won many prestigious accolades and titles, Saw Engineering yet again clinched the National Gold Award in the Extra-Large Category- Service Sector and the Top Ten Achievers National Award (Special Awards Category) at Achievers Awards 2017.

Why Asia needs to show the way on trade strategy

Some may think that the Trump shock is a passing moment and the US leadership in international trade and economic policy can be quickly restored. But there is little doubt that the post-war trade regime and the primacy the multilateral order delivered are now vastly less certain. That was clear for all to see at the Hamburg G20 summit.

Ekroma Realtors partner Softlogic LifeStyles to offer fully-furnished ready-to-move-in apartments

Ekroma Realtors, a BOI approved real estate developer with the vision to give Colombo a unique and new way of living is geared up to unveil its signature project Elegant 16. Elegant 16 brings in a brand new concept of boutique apartments to Sri Lankan 

National Chamber hosts Paskaralingam to sort out business issues

A  section of the business community closely interacting with R.Paskaralingam,  Advisor to the Ministry of National  Policies and Economic Affairs at the  forum ‘Sort out your Business Issues’ held recently at the chamber.

HNB launches LoungeKey platform and facilities for MasterCard cardholders

HNB MasterCard World, Corporate and Business cardholders can now escape the bustle of busy airport departure halls using the complimentary LoungeKey platform to gain access to over 800 international airport lounges in over 120 countries across the globe. 

Amana Takaful fulfills its promises in Galle

Amana Takaful Insurance, being the pioneer of the ‘Takaful Insurance way’ has played a vital and revolutionary role in the Sri Lankan Insurance Industry during its 18 year presence. 

AIA and Wayamba University congratulate Personal Financial Management Diploma graduates

AIA Insurance collaborated with the Wayamba University of Sri Lanka in successfully completing the Diploma in Personal Management for Wealth Planners and Wealth Planners’ Managers.

JCT marks berth of Pendulum Express Lines’ Amalthea

Hong Kong registered Pendulum Express Lines (PEL) berthed her maiden voyage MV Amalthea at Jaya Container Terminal in Colombo,  Sri Lanka recently. 

Bharti Airtel among Forbes Most Innovative Companies in the World

Globally acclaimed Forbes magazine has named Bharti Airtel amongst the World’s 100 Most Innovative Companies in 2017. 

Sri Lanka – France Business Council holds 13th Annual General Meeting

The 13th Annual General Meeting of the Sri Lanka – France Business Council (SLFBC) of The Ceylon Chamber of Commerce was held recently.

A critical appraisal of Vision 2025

“Our vision is to make Sri Lanka a rich country by 2025. We will do so by transforming Sri Lanka into the hub of the Indian Ocean, with a knowledge-based, highly competitive, social-market economy.”

Odel’s new ‘Botanica’ fall collection promotes synergy with nature

Nature continues to enthral fashion designers around the world, whose efforts to synergise their creations with the environment are well represented in the latest collection unveiled by Odel to celebrate fall 2017.

OPPO to launch another cutting-edge model in Sri Lanka

OPPO, the leading global mobile brand, is set to launch one of its latest mobiles in Sri Lanka. Outfitted with Android nougut 7.1 and latest selfie technology the new model will sport a spectacular design with a slim metallic uni-body. 

Kelani Cables PLC introduce wire calculator mobile app

Kelani Cables PLC introduced wire calculator mobile app, a mobile phone app that helps selecting right electrical cables for varied purposes.

Women’s Chamber Chairperson hails new Local Government quota for women

Women’s Chamber of Industries and Commerce (WCIC) and SAARC Chamber Women Entrepreneur Council (SCWEC) Chairperson, Rifa Mustapha congratulated the government on its progressive legislation to bring a minimum quota of women to fill the seats of Local Government Councils in future.