What ails Sri Lanka’s tea industry?

With regard to the current crisis facing the Sri Lankan tea industry, the Tea Exporters Association (TEA) has released the following facts to shed light on what is ailing the industry.

Hameedia refurbishes Cancer Hospital Ward 13

Adhering to its legacy of making lasting contributions to the community, leading menswear specialist Hameedia refurbished Ward No. 13 of the Maharagama Cancer Hospital to offer enhanced services to patients. The refurbishment of the hospital is one amongst many such initiatives undertaken by Hameedia, which undertakes a Corporate Social Responsibility (CSR) project every month. The refurbishment more importantly has created a  positive atmos

ComBank launches smartphone-linked mobile POS system for card transactions

The Point-of-Sale (POS) enabled merchant base of Commercial Bank of Ceylon is expected to grow significantly with the country’s largest private bank launching mobile Point-of- Sale units in Sri Lanka. Branded Commercial Bank ‘EasyPOS,’ the mobile units introduced in collaboration with CBA Solutions, make it possible for any merchant outlet that has a smartphone to acquire one and enhance sales.

High-profile German delegation discusses business with CCC

A high-profile German business delegation led by the German Asia Pacific Business Association, which visited Sri Lanka during last week to explore trade and investment opportunities, held talks with the Ceylon Chamber of Commerce (CCC). 

Maldives HC to speak at NCC bilateral talk session

Maldives High Commissioner Madam Zahiya Zareer will be the special guest speaker at a session on ‘Bilateral trade between Sri Lanka and Maldives’ organised by the National Chamber of Commerce of Sri Lanka, on Thursday, October 20, 2016, from 3:00 p.m. to 4:30 p.m., at the Chamber Auditorium, No: 450, D.R. Wijewardena Mawatha, Colombo 10.

hSenid Mobile and Effective Solutions launch robotic Mi-Car

hSenid Mobile Solutions together with Effective Solutions launched Sri Lanka’s one-of-its-kind micro controllable car, Mi-Car. This unique robotic invention uses light/photo transistors to capture its path with the use of easy graphical interface.

Fashion Bug continues their career guidance programmers at Kurunegala and Tangalle

With a continuous drive and increasing passion towards enhancing knowledge amongst students about what’s next after school, Fashion Bug, one of Sri Lanka’s leading retail 

CB Governor cautions against populist policies creeping into budget process

As only few weeks are left for the second budget of the coalition government , the Central Bank 

BRICS to discuss global economic downturn, militancy and cooperation

REUTERS: The BRICS countries (Brazil, Russia, India, China and South Africa) will focus on global 

Bad weather pushes up Sri Lanka’s unemployment in 2Q

Unemployment in Sri Lanka increased in the 2nd quarter of 2016 (2Q16) to 4.6 percent from 4.2 

Sri Lanka’s 7-month budget deficit at Rs.433bn

Sri Lanka’s budget deficit for the first 7 months of 2016 stood at Rs.432.73 billion, against Rs.503.34 

Russian experts ready to educate Lankans on safe use of chrysotile asbestos: envoy

Ambassador of the Russian Federation to Sri Lanka, Alexander Karchava, said the postponement of the proposed ban on importation of chrysotile asbestos till 2024 does not resolve the problem, and 

British Council Sri Lanka opens refurbished Colombo and Kandy premises

The British Council in Sri Lanka announced the reopening of its newly revamped Colombo and Kandy premises.

CIM Future Marketers Conference end on high note

The CIM Future Marketers Conference 2016 was recently held in style at the Hilton Colombo Residence for the ffth consecutive year. 

Ceylon Institute of Builders to provide free training for youth in construction industry

The Ministry of Finance has stepped in to evolve a long-term solution to the prevailing critical dearth of trained technicians in Sri Lanka’s construction industry. 

Advantis Engineering wins Gold at NCE Awards 2016

Advantis Engineering, formerly known as Logiventures, won a gold award at the recently concluded 24th Annual National Chamber of Exporters Awards 2016 (NCE Awards). 

Japan’s NYK Line warns of US $1.9bn quarterly special loss on shipping slump

REUTERS: Japanese shipping line Nippon Yusen warned it would book an extraordinary loss of about 

SLRBC holds 13th AGM; launches website

The 13th Annual General Meeting (AGM) of the Sri Lanka-Russia Business Council (SLRBC), organised by the Ceylon Chamber of Commerce (CCC) was held recently, re-electing Isuru 

ICRA reaffirms Dunamis Capital long-term ratings

ICRA Lanka Limited, a subsidiary of ICRA Limited, a group company of Moody’s Investors Service, 

Mercantile Investments relocates Ampara branch office

Mercantile Investments and Finance PLC, has shifted its Ampara branch office to its new premises 

First Capital concludes assignment with MTI Consulting

First Capital Holdings PLC, recognized as Sri Lanka’s leading Investment Bank, has concluded two HRM advisory assignments with MTI Consulting.  

Photo Technica bags National Silver Award at CNCI 2016

Photo Technica Pvt Ltd, the sole official distributor for Nikon cameras in Sri Lanka territory, was honoured with a National Silver Award at CNCI Achiever Award ceremony 2016. 

New ACCA Chairman outlines plans for enhancing profession in country

Adrian Perera, the newly elected Chairman Member Network panel of ACCA Sri Lanka, believes that 

AIA takes to Negombo skies

The skies of Negombo ignited with energy as swarms of red AIA kites soared across the town, at the recently held AIA-in-town programme. 

Union Bank introduces ultramodern online banking platform

Adding further versatility and accessibility to its Retail banking proposition, Union Bank recently announced the launch of its revolutionary online banking platform. 

Etihad Airways honoured with three Treasury awards

Etihad Airways’ treasury team has once again been acknowledged for airline treasury management 

DFCC Bank opens branches in Dehiattakandiya and Medirigiriya

DFCC Bank recently established its presence in the towns of Dehiattakandiya and Medirigiriya, opening two fully-fledged branches. 

EFL paves way for simplified cross-border logistics between Bangladesh and India

EFL celebrated a significant milestone in cross-border trade in the Indian subcontinent when its shipment for Marks & Spencer crossed over seamlessly to India from Bangladesh. 

Ogilvy Public Relations wins Sri Lanka’s first In2Sabre Award

Ogilvy Public Relations Sri Lanka celebrates a triumphant win at this year’s Asia Pacific Sabre 

US regulator assists SEC to fight capital market misconduct

A  regional training conference on ‘Effective Oversight of Capital Markets: Investigation and