Laugfs shifts to iconic property at Maya Avenue

Laugfs Holdings recently announced the shifting of its corporate head office to an advanced state-of-the-art building complex in a landmark location at 101 Maya Avenue in Colombo 06. The move to shift to this exclusive and iconic property at 101 Maya Avenue coincides with Laugfs’ 21st anniversary this year. 

Jeewaka Watha Pattuva wins international market

Jeewaka Watha Pattuva which was introduced as a readymade application for the first time in Sri Lanka can now be purchased from outlets islandwide, announced Jeewaka Herbal Products (Pvt) Limited. Accordingly, Jeewaka Watha Pattuva is now available island wide in Ayurveda outlets, groceries, pharmacies and supermarkets.

Bullish CB Governor says unwise to rule out anything

Although private credit growth is expected to fall down to a manageable 20 percent by the end of this year and all macroeconomic targets are to be achieved, the Central Bank refused to rule out a rate hike over the next six months, while keeping rates unchanged during this month’s policy review.

Collaboration needed to stem unruly passenger incidents: IATA

The International Air Transport Association (IATA) released figures showing that reports of unruly passenger incidents onboard aircraft increased in 2015. Some 10,854 unruly passenger incidents were reported to IATA by airlines worldwide last year. This equates to one incident for every 1,205 flights, an increase from the 9,316 incidents reported in 2014 (or one incident for every 1,282 flights).

Youth Business-GS1 Lanka to help young entrepreneurs

Youth Business Sri Lanka (YBSL) entered into a partnership with GS1 Lanka to provide its young entrepreneurs with a range of services such as obtaining barcodes and providing them with access to the practices adopted in the global supply chain systems.

Munchee declared ‘No. 1 FMCG Brand’ in Sri Lanka

Sri Lanka’s leading biscuit brand Munchee has been adjudged ‘Sri Lanka’s Number One FMCG Brand’ by the Brand Footprint Report, a global study of winning brands in the FMCG space conducted by Kantar Worldpanel. 

Premium International supports Pathology Congress 2016 as Platinum Sponsor

The annual academic sessions of College of Pathologists of Sri Lanka was held at the hotel Taj Samudra Colombo from the 08th to 10th September.

Etihad to deploy Boeing 787 Dreamliner on Abu Dhabi–Riyadh route

Etihad Airways is to deploy a Boeing 787 Dreamliner on one of its twice-daily scheduled flights between Abu Dhabi and Riyadh, with effect from 30 October 2016.

JAT Holdings sponsors 4th Sri Lanka Wood International Expo

JAT Holdings sponsored the recent 4th edition of the Sri Lanka Wood International Expo 2016 exhibition which culminated with great success at the BMICH in Colombo.

MTI’s ‘idea2fund’ social entrepreneurs win Ricky Mendis grant

Four social entrepreneurs from MTI’s ‘idea2fund’ platform were selected and awarded a start-up grant from Ricky Mendis to kick-start their ventures. 

Nawaloka Heart Centre takes up mantle to battle heart disease in Sri Lanka

In line with this year’s World Heart Day activities, Nawaloka Heart Centre issued a call for comprehensive cardiac care in Sri Lanka. 

Exterminators displays two green inventions at Pest World East 2016 in India

The Exterminators (Pvt) Ltd, Sri Lanka’s premier award winning pest management company, displayed two truly green inventions at Pest World East 2016 organized jointly by the National Pest Management Association USA and the  IPCA- India.

United Colors of Benetton Fall Winter 2016 at Turret

The United Colors of Benetton Fall Winter 2016 is all about vibrant, colourful clothes and easy-to-wear pieces for everyone that mix the hottest trends of the season with the iconic Italian brand’s quirky, cosmopolitan vibe. 

SLEA Annual Sessions 2016: Sri Lanka Economic Association calls for registration

The Sri Lanka Economic Association (SLEA) will be holding its 2016 Annual Sessions on October 21 and 22, at Taj Samudra, Colombo 1.       

Global trade at its slowest since financial crisis

As hostility towards globalization and trade integration gain ground in Europe and in the US presidential debates, the World Trade Organisation (WTO) this week slashed the outlook for trade growth by one-third. The WTO has announced that world trade will grow this year at the slowest pace since the financial crisis and the great recession that followed. The estimate for 2016 trade growth was cut to just 1.7 percent from 2.8 percent from earlier t

Stassen Group brings world’s first ice cream Häagen-Dazs to Sri Lanka

Häagen-Dazs, renowned as the world’s finest ice cream, recently announced their entry into the Sri Lankan market. 

New transit visa rules make visiting Qatar easier

Qatar Airways, Qatar Tourism Authority and Qatar’s Ministry of Interior announced today a revised tourism visa scheme available to passengers transiting through Doha in a move to promote Qatar as a world-class  stopover destination.

Batticaloa has not achieved expected post-war development: Sujeewa

International Trade State Minister Sujeewa Senasinghe stated that Batticaloa, with its ideal geographical location and natural resources, has not achieved any significant development in the past decades. 

SIA to increase Indonesia and Australia services

Singapore Airlines is to launch a new route linking Jakarta with Sydney while also boosting Singapore-Jakarta flight frequency, in an increase of its operations to both Indonesia and Australia. The new services, which are subject to regulatory approvals, will be introduced from 23 November 2016 and will be operated with Boeing 777 aircraft. Flights will be made available for sale on a progressive basis through the various distribution channels.

MAS is winning the war on sludge - One brick at a time

What’s wrong with our water? Apparently nothing and everything at the same time. While the rest of South Asia is increasingly feeling the pressure of water stress induced by population

RUN FOR THEIR LIVES 2015

2010 will be remembered for many things. This is the year that The Hurt Locker won best movie, Sachin Tendulkar scored the first double hundred in ODI’s and many other memorable things 

Effortless win over MAS Silueta by Kanrich Finance in the semi-finals

Kanrich Finance claimed victory over MASSilueta by 8 wickets at the Mercantile League Cricket Tournament 2016 which took place at the Free trade zone grounds,katunayake.

People movement via ETCA only later, in stages: Malik

??By Chandeepa Wettasinghe While the natural movement of persons was not on the agenda of the 

Perpetual Treasuries records over Rs.5bn profit through capital gains from bond trading

Perpetual Treasuries Limited, the controversial primary dealer connected to the family of the former 

Citrus group in major restructuring exercise

In a major restructuring move, the Citrus group, controlled by Dilith Jayaweera and Varuni 

Several powerful countries pledge fullest support to minimize Lanka’s debt burden

Ambassadors and High Commissioners of the United States of America, the Federal Republic of 

Sunshine Packaging-Primeco US $ 2mn deal abandoned

Sunshine Holdings PLC yesterday said the joint venture deal its packaging subsidiary Sunshine 

MillenniumIT showcases real-time post trade technology capability

MillenniumIT is developing its high performance, clearing and risk management technology for LCH. 

Harsha says history repeating; wants to bring back SL’s glory days

Linking Sri Lanka’s history with the present, Deputy Foreign Minister Dr. Harsha de Silva recently told 

Ceylinco Life’s senior executives conduct 4 CSR projects in a month

A small group of senior executives of Ceylinco Life has demonstrated how disproportionately large