StanChart income fall worries Chief Executive Officer Winters

REUTERS: Standard Chartered Chief Executive Bill Winters branded its income and profit unacceptable as below-forecast third quarter results and confirmation of a Hong Kong investigation 

Five hundred and fifty IPM leaders graduate with HRM qualifications

IPM Sri Lanka – the nation’s leader in human resources management held its 2016 graduation 

Caterpillar in top 100 Interbrand 2016 rankings as Best Global Brand

With an overall brand value of US $ 5.425 billion, Caterpillar Inc., the world’s leading manufacturer of 

Foreconns Canneries awarded NCE Silver Award

Foreconns Canneries, a leading exporter in food items with authentic Sri Lankan delicacies, was 

Intellectual property rights – A tool for enhancing ecotourism in Sri Lanka

Sri Lanka’s tourism sector has many benefits. It is the country’s third largest foreign exchange earner 

DFCC Bank 3Q profit up 78% over core-banking, fee incomes, but credit slows

DFCC Bank PLC’s September quarter net profit jumped by 78 percent to Rs.953.8 million a year ago 

Agrotac launches very own ‘Olive’ brand water pumps

The best in class in water-pump offerings – ‘Olive’, has made a sweeping entrance into the Sri Lankan market since March 2016 – built upon technical expertise and technological superiority 

Ceylinco General Insurance concludes succession plan training for senior managers

Ceylinco General Insurance Ltd concluded a year long, extensive training programme for 35 of its senior managers in October. 

Imperial Spices receives NCE Gold Award

Imperial Spices, a leading spices exporting company, was presented much coveted Gold Award in 

AMF recognizes Commercial Credit’s innovative marketing strategies

Commercial Credit was declared the national winner in the Marketing Company of the Year 2016 

Senok introduces Kobelco G10 range to Lankan market

Senok Trade Combine (Pvt.) Ltd introduced the world-class Kobelco G10 range of excavators to the 

Role of BRICS in reforming global finance

BRICS (Brazil, Russia, India, China and South Africa) has established itself as a supple entente of 

Commercial Leasing opens 61tst branch in Borella

Commercial Leasing & Finance PLC (CLC) recently opened their 61st branch at D.S.Senanayake Road, Borella. 

Neil Samarasinghe appointed CEO of Dreamron Group

Neil Samarasinghe has been appointed as CEO of Dreamron Group.

Wilhelm E. Brown elected as TAASL President

Wilhelm E. Brown, General Manager of Alpha Travels & Holidays Private Limited, a member of the 

Pakistan-SL Business Councils’ joint steering committee to resolve trade issues

The second Joint Business Council Forum of Sri Lanka and Pakistan was held recently in Colombo. 

Malik holds bilateral talks with Japanese Ministers

Development Strategies and International Trade Minister Malik Samarawickrama is on an official visit to 

Eminent chartered accountants inducted to CA Sri Lanka Hall of Fame

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently paid tribute to two 

Leicht Kitchens Germany appoints Centrepoint Homes sole agent in Sri Lanka

Germany’s most innovative premium kitchen brand is finally in Sri Lanka. Leicht Kitchens Germany 

Sri Lanka tourism: A reality check

The Sri Lankan government has set a tourist arrival target of 2.2 million for this year. Despite the 

HJS Condiments clinches Gold at NCE Export Awards

HJS Condiments Ltd. the agri export division of Hayleys Agriculture Holdings Limited, won the Gold 

Etihad and Jet Airways expand UAE-India connections

Etihad Airways is expanding its scheduled services between Abu Dhabi and India as strategic partner 

Emirates double-deckers make it a New Zealand double-header

Emirates notched up a momentous double-header on October 31 when it introduced its flagship A380 double-decker aircraft on two New Zealand routes on the same day. 

CBL bags 6 awards including 2 Golds at NASCO

Ceylon Biscuits Limited (CBL), the largest Fast Moving Consumer Goods (FMCG) conglomerate in the food manufacturing industry in Sri Lanka, was one of the top winners at the recently concluded SLIM National Sales Congress Awards 2016 (NASCO) in the FMCG (Food) category.

Sri Lanka keeps key policy rates steady

Sri Lanka yesterday left the key policy rates unchanged as private sector credit saw some deceleration and inflation remained subdued. 

Moody’s says VAT hike credit positive

The increase in the value-added tax (VAT) rate from 11 percent to 15 percent will be credit positive for Sri Lanka as it will support the government’s fiscal consolidation agenda and will also put the derailed International Monetary Fund (IMF) programme back on track, according to a global credit rating agency.  

Rupee weaker; remittances prevent steeper fall

REUTERS:  The Sri Lankan rupee ended weaker yesterday due to mild importer dollar demand, but month-end inward remittances capped the fall, dealers said.

Pharma chamber denies allegations of members hoarding drugs

The country’s pharmaceutical chamber yesterday categorically denied the allegations that its members were hoarding pharmaceuticals to create an artificial shortage in the market in light of the recent government gazette significantly slashing the prices of 48 vital drugs.

NTB to raise up to Rs.5bn through listed debentures

Nations Trust Bank PLC (NTB) yesterday disclosed its plans to raise up to Rs.5 billion through a listed debenture issue.

Shares fall to 3-mth low ahead of monetary policy

REUTERS: Sri Lankan shares ended yesterday weaker at a three-month low in thin trade ahead of a monetary policy announcement by the Central Bank, as the prime minister’s plan for improving the investment climate failed to cheer the market.