Exide emerges victorious at Gunner Supercross 2016

Exide, the official battery partner at this year’s Gunner Supercross, emerged victorious yet again. Tyron Hendawitharana won the first place at the Group SL-H standed Cars Subaru Legacy 2200cc 

Ceyoka signs agreement with Malaysia’s Success Electronics for Nikkon lighting solutions

Ceyoka Professional Lighting, part of diversified conglomerate Ceyoka (Pvt) Ltd and at the forefront in supplying premier industrial lighting solutions for customers, strengthened its local market 

Sri Lankan economy trapped between the devil and the deep blue sea

“‘One belt, one road’, China’s blueprint to tie together Asia and Europe into one vast trading network, could reshape geopolitics and the world economy– The Economist (UK), June 30, 2016”    

Over 350 CEOs/senior executives to participate ‘Sri Lanka Economic Summit’

Over 350 CEOs/senior executives representing the Sri Lankan corporate sector have so far registered to take part in the Sri Lanka Economic Summit 2016, which will take place next week in 

Brandix wins two awards at Gap Inc.’s 2016 Vendor Summit

The Brandix Group has won two top awards including the award for ‘Outstanding Vendor – Overall Excellence’ from Gap Inc., a leading global retailer of clothing.

Anantaya Pasikudah welcomes first guests

Anantaya Resort & Spa - Pasikudah of Laugfs Leisure Ltd, warmly welcomed its first guests directly following its soft opening ceremony that was held recently.

Jayamal Dias joins Altair as Head of Sales & Marketing

Indocean Developers, the promoter of the Altair twin tower high rise, has announced the appointment effective 15th July, of Jay Dias as Head of Sales and Marketing.

Trade and FDI need a ‘one-stop shop’ not a ‘one more stop’

Many foreign investors I engage with want Sri Lanka to emulate Ireland, or even Vietnam, because 

All-new BMW 7 series unveils sheer driving luxury

From the revolutionary iDrive operating system, to the electronic speedometer, Park Distance Control 

Singapore to shame other errant banks after 1MDB saga

AFP: Singapore’s Central Bank chief vowed on Monday to name and shame other banks engaged in money-laundering after a scandal involving Malaysian state fund 1MDB hurt the city-state’s financial 

Toyota appoints Sri Lankan Director for Toyota Lanka

Toyota-Tsusho Corporation, a member of Toyota Group Japan has recently appointed Manohara Atukorala as Director of Toyota Lanka from July 2016. 

Mahinda beats Visakha to lift Tokyo Cement Super Quiz Crown

Mahinda College, Galle walked away with the coveted Tokyo Cement Super Quiz Crown at the Grand Finale of Season 3 held on Sunday in front of a live studio audience. Having clenched the Rs.1 

FACETS 2016 to debut Premier Jewellery Pavilion

The 26th edition of ‘FACETS’, Sri Lanka’s foremost annual International Gem and Jewellery Show- from 1 to 4 September, 2016 will unveil its Premier Jewellery Pavilion - the first of its kind- displaying 

Toyota appoints Sri Lankan Director for Toyota Lanka

Toyota-Tsusho Corporation, a member of Toyota Group Japan has recently appointed Manohara Atukorala as the Director of Toyota Lanka from July 2016. 

What a Way to Grow!

What if annual reports were more than just reams of paper ? What if they lasted longer and remained relevant long after the year under review has passed ?

Sally gives thumbs down for govt.’s economic management

Renowned economist and Institute of Policy Studies Chairman Professor Razeen Sally said that the government has so far failed to formulate a credible plan for economic reforms, just one day after 

Growth of informal tourism sector encouraging: THASL Chief

The blooming informal sector in tourism is positive, when taking into account the greater interests of 

Rupee ends steady on bank dollar sales; importer demand weighs

REUTERS: The Sri Lankan rupee closed steady yesterday as late importer demand for the 

EGM to appoint new NDB Bank Chairman shot down by shareholders

The NDB Bank board yesterday cancelled the Extraordinary General Meeting (EGM), which was to be 

Browns Hotels consolidates control on Eden Hotel Lanka

Browns Hotels and Resorts Limited (BHRL) increased its shareholding in Eden Hotel Lanka PLC (EDEN) significantly last week following the conclusion of a mandatory offer. BRHL purchased 13.11 

Thailand’s Siam City Cement bags Holcim Lanka for US $ 373mn

The Thai cement industry leader Siam City Cement Public Company Limited (SCCC) acquired Holcim 

Germany grants SL € 13mn for development projects

The German government has provided Sri Lanka with a grant of 13 million euros to implement five 

Maga Engineering to rehabilitate 634km rural roads at Rs.13.2bn cost

Sri Lanka’s leading construction firm Maga Engineering (Pvt.) Ltd was recently awarded the contract to rehabilitate and improve 634 kilometres of rural roads in four districts of Sri Lanka, including their performance-based maintenance for three years. 

Japan and Sri Lanka to further enhance economic cooperation

Japan and Sri Lanka will hold the Consultation on National Development Cooperation and the Economic Policy Dialogue today at Cinnamon Lakeside Hotel, Colombo. These two meetings will be held as a follow up to the visit to Japan by Prime Minister Ranil Wickremesinghe in October 2015, during which Prime Minister Abe and Wickremasinghe agreed upon a ‘Comprehensive Partnership’ to further deepen bilateral cooperation. 

MAS Holdings-Flex partner to drive innovation in wearable technology for clothing

MAS Holdings partners with Flextronics International Ltd, a leading Sketch-to-Scale solutions company that designs and builds intelligent products for a connected world.

CIM Sri Lanka partners with ‘The Residences at One Galle Face’

The Chartered Institute of Marketing Sri Lanka entered into a strategic partnership with ‘The Residences at One Galle Face’ renowned property developer and hotel group. 

Construction Expo to kick off on July 29

The Ceylon Institute of Builders (CIOB) together with presidential award winner Lanka Exhibitions & Conference Services will be organising the fifth Construction Expo Mega Mart from July 29 to 31, 2016 at the BMICH. 

HSBC Premier announces tie up with Cinnamon Life

Cinnamon Life, an iconic mixed development project by the John Keells Group, announced a tie-up with HSBC Premier, where Premier customers can obtain home loan facilities to own an apartment at ‘The Residence at Cinnamon Life’ and Suites at ‘Cinnamon Life’, the latest iconic mixed development to hit Colombo’s fast changing sky line. 

Top professionals receive CMA Professional Excellence Awards 2016

CMA Professional Excellence Awards were presented to several top accounting professionals who have contributed to the accounting profession and excelled in their professional and business career.  The awards were presented at the inauguration of CMA National Management Accounting Conference 2016 held recently.

BOC excels at Excellence in Integrated Reporting Awards 2016

Bank of Ceylon (BOC) won the Merit award for Annual Report 2015 under state-owned enterprises category at the Excellence in Integrated Reporting Awards – 2016 conducted recently by the Institute of Certified Management Accountants of Sri Lanka to coincide with the CMA National Management Accounting Conference.