Horizon Pharma to buy Raptor Pharma for US $800mn

REUTERS: Horizon Pharma Plc said it has agreed to buy Raptor Pharmaceutical Corp for nearly US $800 million to strengthen its portfolio of rare disease drugs.

HSBC Sri Lanka wins triple recognition as leading bank

HSBC Sri Lanka was awarded a triple, by virtue of having been awarded three coveted awards in recognition of the bank’s ability to maintain its position as a leading foreign bank in the country, backed by a strong track record and long-standing history in the local banking arena.

‘Kelani Shakthi’ bestows certificates to first batch of students

In a bid to groom youth in the Jaffna peninsula as electrical technicians, Kelani Cables PLC launched ‘Kelani Shakthi’ one-year professional development program. 

All-time record price for Kenilworth tea

Kenilworth Estate situated in Ginigathhena has achieved an all-time record price at the weekly tea auction on September 14, 2016 by securing an attractive price of Rs.940 per kilogramme for a BOP grade in the western medium grown category.

Asia-Pacific could lead low-carbon future

This summer has seen Asia and the Pacific rocked by intense and unstable weather, bringing into even greater focus the need to build resilience against climate change and extreme weather.

People’s Bank awards top G.C.E. O/L achievers

People’s Bank recently felicitating students who were ranked All-Island top 10 at the recently concluded G.C.E. (O/L) Examination. The felicitation ceremony was held at the Presidential Secretariat in Colombo under the auspices of President Maithripala Sirisena.

Gamer.LK holds first inter-school eSports championship

After successfully conducting inter-university and mercantile eSports Championships, Gamer.LK is introducing the first inter-school eSports championship in Sri Lanka. The Dialog Gaming Inter-School eSports Championship is open to both government and private schools, and will see teams from over 20 schools in the country compete for the prestigious championship trophy. 

Cumulus partners Zerto to provide disaster recovery for Lankan enterprises

Cumulus, the cloud solutions arm of Dialog Axiata has partnered with Zerto to provide Sri Lankan enterprises with real-time Disaster Recovery as a Service (DRaaS), designed specifically for critical business applications using hybrid cloud solutions. Enterprises of all sizes are deploying applications on virtualized IT infrastructure of their own and public clouds by adopting a hybrid cloud strategy. 

Lankan construction sector urges govt. for a fair share in foreign-investor projects

The construction industry in Sri Lanka is experiencing positive signals from the government, regarding the potential for investment and development on several projects. For example, the Colombo International Financial City has once again been given the green light to commence operations. Some of the Megapolis Projects such as Light Rail Transport offered by the Japanese government has also been accepted. The Highway Project to Kandy has commenced

Networking session with ICT SMEs

The National Chamber of Commerce of Sri Lanka in collaboration  with the World University Service of Canada (WUSC) is conducting a full-day ICT business session for leading Colombo ICT Companies to meet ICT SMEs from  Puttalam, Mannar, Vavuniya, Trincomlee, Batticaloa, Ampara, Hambantota, Matara, Jaffna, etc. to share knowledge and build up partnerships and develop IT in the districts.  

InsureMe Insurance Brokers commences operations

The Insurance Board of Sri Lanka (IBSL) granted license for InsureMe Insurance Brokers (Pvt.) Ltd (InsureMe) to operate as an insurance broker with effect from September 9, 2016.

Luxury Boutique Hotel Water Garden Sigiriya Celebrates Official Launch

Set against the majestic Rock as a backdrop, Water Garden Sigiriya, the country’s newest luxurious boutique resort recently celebrated its official unveiling.

Avian Technologies (Pvt) Ltd: Creating A Strong Footprint In It Security With The World’s Leading Br

10 years ago Avian Technologies (Pvt) Ltd was born with the purpose of accomplishing a single goal: to maintain the most robust, reliable services and solutions for the IT

The New Discovery Is Coming

The New Discovery embodies Land Rover’s drive to go Above and Beyond, combining British desirability with an unstoppable spirit of adventure. 

People’s Bank awards top G.C.E. O/Level achievers

People’s Bank recently felicitating students who were ranked All-Island top 10 at the recently concluded G.C.E. (O/L) Examination. The felicitation ceremony

A new take on tea: Ceylon Tea Brokers’ leadership teamshines a light on Sri Lanka’s troubled tea ind

Ceylon Tea has a rich heritage that spans across centuries and is heralded as a glowing success story. Tea was an export industry that started as an experiment

Sri Lanka Sets National Standard For Plugs And Socket Outlets For Non-Industrial Applications

Public Utilities Commission of Sri Lanka ( PUCSL), the electricity sector regulator, today announced the implementation of national standard for plug

SL’s 2016 fiscal deficit goal challenging despite 1H success: economists

Sri Lanka fiscal deficit goal for 2016 would still be challenging despite a better-than-expected 

Kotagala Plantations to raise Rs.800mn via rights issue; announces share split

Lankem Group’s Kotagala Plantations PLC yesterday announced plans to raise Rs.800 million though a rights issue and go for a share subdivision upon the completion of the proposed rights issue, 

Hayleys subsidiary doubles container handling capacity

Logistics International, the inland container depot of Hayleys group subsidiary, Hayleys Advantis, 

Rupee ends weaker on importer dollar demand; stocks rise

Reuters - The Sri Lankan rupee ended marginally weaker yesterday as importer dollar demand 

Sri Lanka to allow only ‘Type G’ square pin plugs and sockets

The national standard for plug and socket outlets in Sri Lanka has come into force effective from this 

CA Sri Lanka engages stakeholders on ETCA

In its capacity as the national body of accountants, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently engaged its stakeholders by conducting a forum exclusively for the 

Canadian-Pakistani expert to head MTI’s Investment Advisory

MTI Consulting, as part of an initiative to scale up its corporate finance and investment advisory 

Kantar ranks top 10 FMCG brands in Sri Lanka based on LMRB Household Panel

The latest Brand Footprint study conducted by Kantar World panel ranked the Top 10 FMCG Brands 

IMF reviews extended loan facility with FinMin

IMF representatives yesterday met Finance Minister Ravi Karunanayake for a mission review of the 

Browns reaches out to customers with improved, convenient service centers

In response to the growing market demand and in an attempt towards facilitating convenience for 

Oman Air implements Virus-Guard use to protect passengers against global health threats

Oman Air, the national carrier of the Sultanate of Oman, has announced joining a long list of major 

Group CEO Imal Fonseka discusses Fairway Holdings’ entry to leisure sector

In a recent interview, Group CEO Imal Fonseka discussed Fairway Holdings’ entrance into the leisure sector with the launch of ZMAX Fairway Colombo.  

Omegaa Johkasou Engineering clinches Gold at INCO 2016

Omegaa Johkasou Engineering Lanka (Pvt) Ltd, bagged the Gold award at INCO 2016.