Pathirage says delisting Odel is an option

Diversified conglomerate, Softlogic Holdings PLC, may delist its leading fashion and lifestyle subsidiary Odel PLC from the Colombo Stock Exchange (CSE), as the deadline for coming in line with the market regulator’s minimum public shareholding rule looms.

Mobitel announces voluntary offer to acquire E-Channelling

Mobitel (Private) Limited, the mobile arm of Sri Lanka Telecom PLC, yesterday announced its entry to the country’s online doctor channelling business with a voluntary offer to acquire all the shares of E-Channelling PLC, the pioneer in the local market.   

Rise in fuel bill in June brings fresh concerns to fragile external front

After many months of slowdown, Sri Lanka’s fuel bill now appears to have reversed its course as June has seen an increase in the bill in spite of the global crude prices still remaining extremely low, the Central Bank data showed.  

Cold Stores says using stevia plant to cut sugar in soft drinks

Ceylon Cold Stores PLC (CCS), a subsidiary of the country’s largest conglomerate John Keells Holdings PLC, has begun to use a plant-based sweetener instead of sugar in some of its major soft drink products.

Kalamazoo Systems announces Rs.1.5bn rights issue

Kalamazoo Systems PLC yesterday said it was planning to raise Rs.1.56 billion through a rights issue, subject to shareholder and the Colombo Stock Exchange approval. 

Ceylon Chamber organises seminar on new Customs Law, Customs Ordinance change

The Import Section of the Ceylon Chamber of Commerce is organising a seminar to discuss the proposed new Customs Law and the change in the current Customs Ordinance.

Succession planning in business: Why it is so tough

Today, succession planning is a very important leadership process and a growing number of firms have formal plans in place. Yet, many firms and sole proprietors have a great deal of succession planning work ahead of them. Among the challenging statistics that have emerged from many surveys on the topic are: slightly, more than half of firms don’t have a formal, signed and documented succession plan in place. A number of boards know that the

What’s driving China’s One Belt, One Road initiative?

Since 2013, the ‘One Belt, One Road’ (OBOR) initiative has become the centrepiece of China’s economic diplomacy. The essence of OBOR is to promote regional and cross-continental connectivity between China and Eurasia. The ‘One Belt’ and ‘One Road’ refer to China’s proposed ‘Silk Road Economic Belt’ and ‘Maritime Silk Road’. Connectivity covers five major areas of interest: po

Hemas unveils ‘Sandama’ logo to celebrate partnership with distributors

Hemas Consumer Brands held its Distributor Convention recently at the Galle Face Hotel, Colombo.   The event was organized to recognize long standing distributors for their commitment towards the success of Hemas Consumer Brands.

India’s Aditya Birla Fashion enters Lankan market with Softlogic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL), through the leading Indian menswear brand Peter England entered Sri Lanka recently in partnership with Softlogic Holdings to take advantage of the country’s growing retail market.

CTC reiterates commitment to efficiency improvement across BAT network

As part of their continued commitment to extend exciting opportunities for career and skill development, Ceylon Tobacco Company (CTC) recently assigned Ramesh Nanayakkara, Head of Production, for a two-year stint to Papua New Guinea. 

NTB awarded CarbonConscious Certifications for three flagship offices

Nations Trust Bank recently joined hands with The Carbon Consulting Company (CCC) to strengthen their corporate sustainability proposition, through receiving CarbonConscious Certifications for its Head Office in Union Place and two other main offices in Nawam Mawatha and Kotahena. 

DSI opens second Puma showroom in Colombo 5

D. Samson & Sons (Pvt) Ltd opened a second Puma showroom on the 8th of August in Colombo 05. Thusitha Rajapaksa, the Managing Director of D. Samson & Sons (Pvt) Ltd, presided over the opening ceremony along with the Director of  D. Samson & Sons (Pvt) Ltd, Kaushalya Perera and other members of the organization’s senior management.  

HSBC Premier Golf Tournament in Nuwara Eliya

The annual HSBC Premier Golf Tournament will Tee off at the picturesque Nuwara Eliya Golf Club on 9 and 10 September. 

DHL Express Sri Lanka wins Stevie Awards for service excellence

DHL Express, the world’s leading international express services provider, has announced that its Sri Lanka customer service team has triumphed in the Stevie Award 2016 competition, underthe Customer Service Category. 

GAAM to discuss investment opportunities from Megapolis plan

Guardian Acuity Asset Management (GAAM), a unit trust management firm licensed by the Securities and Exchange Commission of Sri Lanka, will conduct a stimulating discussion on September 14 on ‘Investment Opportunities from the Proposed Megapolis Development Plan’ at Oak Room, Cinnamon Grand. 

Fitch affirms LB Finance’s national long-term rating at ‘A-(lka)’; outlook stable

Fitch Ratings Lanka Ltd has affirmed LB Finance PLC’s long-term rating of ‘A-(lka)’? outlook stable during their annual ratings review of NBFI’s on August 2, 2016.  

Aitken Spence Travels welcomes group series of doctors for 5th consecutive year

Aitken Spence Travels, the leading destination management company in Sri Lanka is handling a group series of doctors from the Middle East for the 5th consecutive year. 

CICT partners NAITA to offer training for Quay Crane operators

Colombo International Container Terminals (CICT) has announced it will support the National Apprentice & Industrial Training Authority (NAITA) of Sri Lanka by providing facilities for training Quay Crane (QC) operators at the Colombo South Terminal.

JIT corporate internship programme enabling and empowering future country leaders

With the aim of Enabling and empowering the future leaders of our country, Just In Time Group (JIT) launched its Corporate Internship Program giving deserving students in a variety of disciplines the opportunity to gain practical, challenging and meaningful on-the-job work experience to stay relevant in today’s corporate world. 

CCC’s ‘sustainability competition 2016’ sees a surge in demand

As the Ceylon Chamber of Commerce (CCC) is calling applications to recognize and reward the ‘Best Corporate Citizen Sustainability champions of the year 2016’, its previous year’s winner Sampath Bank says the victory is placed among the bank’s most prestigious and respected achievements.

July tea output down 19% on low prices, poor fertiliser use

REUTERS: Sri Lanka’s tea output in July fell 19 percent from a year earlier to a 15-year low due to poor application of fertiliser, low market prices and a government ban on pesticides, the state-run Tea Board said yesterday. 

Medical appointments at Durdans Heart Centre now via Doc990

Colombo’s premier cardiac care service provider, Durdans Heart Centre, has joined the Doc 990 digital health portal enabling patients to make medical appointments with absolute ease via their mobile phones. 

Kelani Cables educates Kilinochchi electrical technicians

Kelani Cables PLC, Sri Lanka’s number one brand in secure electrical and communication cables provided knowledge in electrical wire manufacturing to over 50 electrical technicians of Kilinochchi recently. 

Measures to be taken to further promote gem industry globally: FinMin

Measures will be taken to further promote the gem industry in the international market thereby earning more foreign exchange to the country, Finance Minister Ravi Karunanayake said. The minister pointed out that the government will take action to find a global market for the rare varieties of gems of Sri Lanka.

HSBC Premier Golf Tournament to Tee off this weekend in Nuwara Eliya

The annual HSBC Premier Golf Tournament will Tee off at the picturesque Nuwara Eliya Golf Club on 9 and 10 September. 

Blue Mountain Properties Acquires ISO 9001 Quality Certification

Blue Mountain, the leading real estate major in Sri Lanka, has received the ISO 9001 International certification for Blue Mountain Properties (Pvt) Ltd.

Tharanganee Garments (Pvt) Ltd bags ‘Best Emerging Exporter’ at the 20th Presidential Export Awards

The 20th Presidential Export Awards Ceremony organized by the Sri Lanka Export Development Board (EDB) was held under the patronage

ATLLiferings the ceremonial bell at Colombo Stock Exchange

Amana Takaful Life Limited(ATL Life), a fully-owned subsidiary of Amana Takaful PLC (ATL), rang the opening bell to commence trading and celebrate

Govt. likely to bring in new laws to regulate e-commerce business

Sri Lankan government, largely influenced by legacy businesses, is likely to bring in new legislation