Singer Sri Lanka mulls setting up new production facilities at BoI zones

Consumer durables giant Singer Sri Lanka PLC is currently negotiating the construction of new production facilities at the Board of Investment (BoI) industrial zones as part of the group’s long-term strategic plans, a leading official said.

Shares edge down on rate hike concerns ahead of review

REUTERS: Sri Lankan shares edged down yesterday, hovering near a one-year closing low hit last week, as expectations of a rate hike continued to weigh on sentiment. The Colombo stock index fell 0.1 percent to finish at 6,041.17, near its lowest close since March 16, 2016 hit on Thursday. The bourse fell 0.6 percent last week, posting its fourth straight weekly decline.

Etisalat named most valuable telecoms brand portfolio for 2017

Etisalat is recognised as the most valuable of any telecoms brand portfolio in the Middle East by leading London-based brand valuation and strategy consultancy ‘Brand Finance’. 

HP reinvents future together with Sri Lankan partners in Korea

The HP Partner First Forum was held in Seoul, Korea in February 2017 under the theme ‘Reinventing the Future Together’. 

Cambodia, Sri Lanka and China debt trap

The influx of Chinese economic assistance into Sri Lanka and Cambodia has raised questions regarding the intentions behind these massive loans. While China may still be considered a developing economy, its current strategy of providing soft power loans and aid to its regional neighbours is reminiscent of the tributary system that the country employed back in its empire days.

D Tech and LK Simulation enter into reality services agreement

D Tech (Pvt.) Ltd and LK Simulation (Private) Limited (LKSIM) announced their partnership to strengthen their capabilities to deliver enhanced value to customers. 

CSE says first leg of capital market promotion in Australia a success

The ‘Invest Sri Lanka’ investor forum hosted in Sydney yesterday by the Colombo Stock Exchange (CSE) in association with the Securities and Exchange Commission of Sri Lanka (SEC) drew over 150 participants including institutional investors, high-net-worth individuals, Sri Lankans living in Sydney and other individuals with a business interest in Sri Lanka. 

CCC’s innovation strategy event to discuss digital investment related decision making

Partner at McKinsey and Company (London) Ganaka Herath, Deputy Chairman of John Keells Holdings Ajit Gunawardena, Senior Director of Sampath Bank Sanjiva Senanayake, and CEO of Fair First Insurance Sanjeev Jha will discuss how corporates can get smarter on making decisions on digital investments at the upcoming ‘Future of Business’ innovation strategy and learning event of the Ceylon Chamber of Commerce.

Mitra Innovation helps Irish company to launch DigiHealth

Mitra Innovation is a UK and Sri Lanka based company (with an additional office in Australia) specialising in SaaS technology platform incubation, digital transformation and Cloud-to-Cloud integration. 

New UK drug cost rules leave companies fuming

REUTERS: British drugmakers have accused Theresa May’s Conservative government of breaking a manifesto commitment to improve access to new medicines, following approval of new cost rules that take effect on April 1.

Pelwatte butter set to make Avurudu dishes tastier

When the month of April approaches anticipation rises in preparation for the Sinhala and Tamil New Year. 

Signal renews commitment to creating cavity-free Sri Lanka

Oral diseases and dental cavities are the most common chronic ailments across both developed and developing nations. 

99X Technology retains Category Title at 4th Governor’s Challenge Cup Quiz

Battling it out against some of the best corporate masterminds, the 99X Technology Quiz Team emerged category winners in the Imports/Exports segment at the 4th Governor’s Challenge Cup Quiz for Global Commerce Excellence, while placing in third overall, losing by a mere one point to Seylan Bank and Dialog Axiata who came in first and second respectively.

CB under pressure to increase rates further this week

Sri Lanka’s Central Bank is now to be under immense pressure to jack up the policy rates as early as this week as the economy appears to be facing another balance of payment (BoP) crisis in less than a year since it averted one with the help of the International Monetary Fund (IMF) last year. 

PUCSL introduces new regulations on constructions closer to power lines

Sri Lanka has introduced new regulations with regard to the minimum gap that needs to be maintained between power lines and buildings to ensure the safety of consumers and the properties .

CIM Sri Lanka partners with TabZ to boost knowledge and expertise

The Chartered Institute of Marketing Sri Lanka entered into a partnership with TabZ by DPJ Holdings - Apple authorized reseller to further strengthen the knowledge and expertise in the respective fields. The parties are desirous of entering into this MOU to declare their respective intentions, and to create value for both parties through combined efforts and positive collaboration. 

Colombo Shopping Festival to kick start on April 7

The Colombo Shopping Festival is the most awaited, most talked about and the most exciting shopping festival in Colombo happening in this festive season.  

GSK’s new female CEO to get 25% less after pay policy review

REUTERS: Incoming GlaxoSmithKline Chief Executive Emma Walmsley, the first woman to lead a top global drugmaker, will get a pay package worth a quarter less than her predecessor, following a company rethink on remuneration. Walmsley, who takes over next month, will be paid a base salary of 1,003,000 pounds (US $1.23 million), or 10 percent less than outgoing CEO Andrew Witty.

Fadna Tummy Tea arrives with solution to baggy tummy

Food and Natures Company (Pvt) Ltd forges a successful end to the problem of your tummy that sticks out, commonly invading the society.  

Will IMF recipe work for Sri Lanka?

My predictions are that the political surprises in 2016, which include Brexit and Donald Trump’s US elections, will continue in 2017 as well with elections in France and Germany. 

Bileeta celebrates incredible 7-year journey

Bileeta, a company with an award-winning Enterprise Resource Planning (ERP) solution, celebrates its 7th year in this highly disruptive industry. 

MyDoctor.lk partners with Park Hospital to provide value added services

MyDoctor announces alliance with Park Hospital to provide innovative and better medical services.  In today’s world telemedicine plays an increasingly important role by saving time for both doctors and patients. 

CIMA Sri Lanka holds first convocation for the year

CIMA Sri Lanka’s first convocation for the year celebrated the success of 301 students who completed exam, 379 Associate members, 11 Fellow members and 8 prize winners.  

Maggi voted ‘Youth Food Brand of the Year’ at SLIM – Nielsen Awards

Nestlé’s Maggi brand was voted ‘Youth Food Brand of the Year’ for the fourth time by young consumers at this year’s SLIM-Nielsen Awards. 

Fifty fully-equipped Lanka Sathosa outlets to be opened this month

Creating history in Sri Lanka’s FMCG retail market, the country’s state owned large scale retail network is to shift its expansion gears to high speed on March 28, and the race starts with the largest number of openings of Lanka Sathosa brand outlets across Sri Lankan market within a 24-hour short period. 

Clinician-led new management introduces patient-centered care at Oasis Hospital Colombo

The transfer of the management of Oasis Hospital to a newly-formed conglomerate of leading doctors, academics and entrepreneurs to provide a state of the art patient-friendly hospital in Colombo is exciting and comforting news to the public of Sri Lanka. 

Ceylon Oxygen showcases innovative patient safety solutions at SAARC conference

Ceylon Oxygen Limited partnered with College of Anaesthesiologists & Intensivists of Sri Lanka to Oxygen Limited (COL), a member of The Linde Group, recently showcased its world class patient care products and solutions at the 12th SAARC Association of Anaesthesiology conference. 

Nolimit extends support to JAAF’s apparel employee welfare programme

Nolimit has renewed its support for Sri Lanka Apparel’s employee welfare programme for yet another year reaffirming the Brand’s commitment and obligation towards the welfare and wellbeing of the garment employees, 

Sri Lanka Prime Minister Opens 23rd Session of COMUN at the Overseas School of Colombo

In keeping with its motto of “Unity in Diversity", the Overseas School of Colombo sponsored the 23rd session of the Colombo Model United Nations 2017 conference a.k.a COMUN 2017 from March 3rd 

Oman Air welcomes new Boeing B737-800 to fleet

Oman Air, the national carrier of the Sultanate of Oman, announced that a new Boeing B737-800 aircraft joined its fleet recently.