Ceylon Chamber forms ‘Dairy Association for Sri Lanka’

Dairy sector is one of the important sectors of the national economy that has high potential for improving the livelihood and income levels of poorer segments in the society whilst fulfilling the nutritional requirements of the population. 

PwC’s Academy to hold workshop on ‘Insights to innovate in emerging markets’

With a strong economic growth during the last decade and transforming from rural based agriculture industry driven economy to a service-driven more urbanized economy, Sri Lanka is looking to become a middle income country.  It’s been 7 years since the country emerged from a three decade long civil war but has been progressing to catch up on the lost time to reach its full potential. 

The biggest Tuk-Tuk Polo event in Sri Lanka, organized by Lakderana Investment Ltd

The biggest Tuk-Tuk Polo event in Sri Lanka, which was organized by Lakderana Investment Ltd took place on the 25th and 26th of February. Lakderana Investment Ltd is a subsidiary of Fairway

Range Rover Is Britain’s Biggest Luxury Export

Jaguar Land Rover’s renaissance continued today with the launch of the Velar, the fourth member of the 47-year old Range Rover family. In a further show of support for the British car industry,

Amana Takaful PLC receives ISO 9001:2008 recertification

Amana Takaful PLC (ATL) was reaffirmed ISO 9001:2008 certification for both its General and Family (Life) Takaful businesses as part of its endeavor to continuously provide high service standards

DFCC Bank launches staff tree-planting initiative as part of long-term sustainability and CSR drive

As part of its long-term sustainability and CSR drive, DFCC Bank recently launched a commemorative staff tree-planting initiative where a tree is planted to celebrate each and every staff 

HSBC Colombo Fashion Week further expands scope for the fashion industry

The summer season witnesses HSBC Colombo Fashion Week celebrating its 14th year since inception and being one of the most celebrated fashion showcases in the sub-continent

SLT Group Records Healthy Growth in Profits during 2016

Sri Lanka Telecom PLC released its Group and Holding Company Financial Results for the year ending 2016, which revealed a healthy revenue growth by 8.5% and profits up by 28.6% 

Ceylinco Insurance records strong growth in 4Q, FY16

Ceylinco Insurance PLC, which runs Sri Lanka’s market-leading life insurance business based on gross written premiums (GWPs), recorded earnings of Rs.87.19 a share or Rs.2.3 billion for the December quarter (4Q16), up 38 percent year-on-year (YoY), the interim financial  accounts showed.

Govt. mulls doubling Trinco oil tank farm project size with India

The Sri Lankan government is currently inquiring whether the joint venture proposed to be formed with the Indian government with regards to the Trincomalee oil tank farm could be doubled in size, Sri Lanka’s petroleum minister said.

Consumer prices up 6.8% in February

REUTERS: Sri Lanka’s consumer prices rose 6.8 percent in February from a year earlier, accelerating from the previous month’s 5.5 percent increase under a revised base year and market basket, data from the Census and Statistics Department showed  on Tuesday. 

Govt. gets IFC assistance to develop sustainable finance roadmap

 President Maithripala Sirisena urged the financial sector and other stakeholders to work towards sustainable development in the country. 

Colombo Dockyard cuts losses in December

Colombo Dockyards PLC (DOCK), a unit of Japan’s Onomichi Dockyard, managed to cut down its net losses to Rs.75.78 million from Rs.1.09 billion year-on-year (YoY) through lower sales costs for the quarter ended December 31, 2016 (4Q16), the interim financial  accounts showed.

Rupee ends firmer on dollar sales

REUTERS: The Sri Lankan rupee ended firmer for a fourth straight session yesterday as greenback sales by exporters and banks outpaced importer dollar demand, dealers said.

Global CSR Leadership Award conferred on Sanith de S. Wijeyeratne

Carbon Consulting Company CEO Sanith de S. Wijeyeratne has been conferred the prestigious Global CSR Leadership Award at the recent Global Awards ceremony hosted at the Taj Land End Convention Centre in Mumbai. 

Sri Lanka seeks higher bids for ailing airline

REUTERS: Sri Lanka is seeking higher bids to restructure its state-owned loss-making airline, the finance minister said on Monday, after three short-listed firms failed to give “sizable” bids.

Development Lotteries Board records 25% increase in sales revenue

The Development Lotteries Board (DLB) recorded successful financial achievements in 2016 with a recorded 25 percent increase in sales revenue over the previous year and a pre-tax profit increase of over 20 percent, a DLB statement said. 

ComBank fetes top customers and business partners in Abu Dhabi

The Commercial Bank of Ceylon recently hosted the bank’s top customers and business partners in the United Arab Emirates, a country with an expatriate Sri Lankan population estimated at 300,000. Popular Sri Lankan artistes Bhathiya, Santhush and Umaria provided entertainment for this event titled ‘Combank Elite Night’at the Intercontinental Hotel in Abu Dhabi.

Asiri Group of Hospitals partners Medicare 2017 as platinum sponsor

 In its continued efforts to bring the best in Medical care to the citizens of Sri Lanka, the Medicare 2017 national healthcare exhibition has once again tied up with Asiri Hospitals as the platinum sponsor. 

Uva bee keeping farmers get CBL support to produce increased honey yield

CBL, the manufacturers of popular Munchee Biscuits initiated  a  special   project as  a  part  of  its  CSR  initiatives  to assist the bee keeping farmers of Welimada , keppetipola, Boralanda in the Bandarawela areas as far back in 2005 in response to a request made by the Provincial Director of Agriculture for the assistance of CBL to rehabilitate the declining Honey industry.

Rhino Roofing brings new hopes to Aranayake residents

The handover ceremony of 20 houses, constructed by Rhino Roofing Products Ltd. for 20 families affected after by the landslide at Aranayake Samasara-Kanda, took place under the patronage of Prime Minister Ranil Wickremesinghe on 19th February.

InsureMe unveils customized corporate insurance web platform

Having launched Sri Lanka’s first insurance comparison web platform, technology-driven insurance broking company InsureMe Insurance Brokers (Pvt) Limited introduced yet another innovative concept to the corporate world. 

eChannelling partners with Medicare 2017 as digital healthcare partner

eChannelling PLC, the largest doctor channeling network in Sri Lanka and the pioneer software developer and ICT service provider to the healthcare industry in the country, has partnered with Medicare 2017 Sri Lanka’s premier national healthcare exhibition yet again as the digital healthcare partner. The exhibition is organized by the Ministry of Health, Nutrition and Indigenous Medicine in collaboration with specialist medical associations

Canon S’pore President in town for Image Square launch

Canon Singapore Pte Ltd President and CEO Noriko Gunji arrived in Sri Lanka on invitation of Metropolitan Group, Canon’s local distributor for the past 38 years, to signify the importance placed by Canon on Sri Lanka, which is a fast-growing market for consumer and workplace equipment.

Keells Super customers make donation to Trail 2016

Keells Super partnered with Trail 2016 to raise funds for the construction of the proposed cancer treatment facility at the Karapitiya  Teaching Hospital. 

World’s leading wellness brand GNC now at Healthguard

Catering to rapidly surging demand for wellness products, Sri Lanka’s leading value-added pharma retail chain, Healthguard, announced a landmark partnership with GNC to distribute its internationally sought-after range of health and nutrition products and supplements   

PUCSL seeks public comments to develop CEB’s long-term generation expansion plan

The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, seeks public comments on the input data parameters and assumptions of the Least Cost Long-Term Generation Expansion Plan (LCLTGEP) 2018-2037 submitted by the Ceylon Electricity Board (CEB). The LCLTGEP of the CEB is prepared based on the input data. 

Sri Lanka’s exclusive workplace solutions exhibition to begin in September

An exclusive exhibition on complete workplace solutions, ‘Office 2017’ is scheduled to be held from the 29th, 30th September and 1stOctober at Sirimavo Bandaranaike Memorial Exhibition Center, Colombo. 

Oracle and Mastercard to deliver seamless payments

Mastercard announced a global partnership with Oracle that is designed to deliver a streamlined digital payment experience to the retail and hospitality industries at the Mobile World Congress. The partnership will initially focus on three needs for restaurants, hotels and retail stores:

Ananda Sirisena & Company launches first overseas office in Australia

Ananda Sirisena & Company, a registered corporate secretaries and incorporator recently put Sri Lankan company secretaries on the global map by launching its first overseas office in New South Wales, Australia.