Dipped Products March profits flat amid margin squeeze

Dipped Products PLC (DPL), the non-medical glove manufacturing unit of the Hayleys group, saw its net

EZY appointed exclusive distributor for Philips

Technology Distribution Company, EZY Distribution was appointed with Exclusive Distributor rights to sell 

BOC “Mithuru Pola” connects micro entrepreneurs to prospective markets

In support of the government’s poverty alleviation and enterprise development strategy, the Bank of Ceylon

Ceylon Chamber launches SME registry

The Ceylon Chamber of Commerce launched a ‘Registry of Small and Medium Enterprises of Sri Lanka’

THE VIRTUOSO CELLO

The Chamber Music Society of Colombo, with generous support from its Premier Sponsor Fairway Holdings, presents “The Virtuoso Cello”,

Pegasus Reef partners with Sri Lanka Police to promote road safety in Wattala

Pegasus Reef Beach Hotel organized a special workshop by joining hands with the Wattala Police station to createa warenes

Sri Lanka’s First General Insurance Sales Congress Ends with Tremendous Success

Traditional drums and dance heralded the beginning of Sri Lanka’s first General Insurance Sales Congress (GISCO) on the 10th of May 2016

SL hotel construction loses steam in 2015

Hotel construction in Sri Lanka which had slightly slowed down in 2015, may raise questions over the quantity

Singapore’s Trade Minister to attend biz forum in Colombo

Trade, services and co-operation between Sri Lanka and Singapore as well as inward investment is projected

Ceylon Chamber appeals businesses to join in flood relief efforts

The Ceylon Chamber of Commerce and the national platform of the Asia Pacific Alliance for Disaster Management

Keells Food to resume exports to India

L e a d e r i n p r o c e s s e d f o o d manufacturing, Keells Food Products PLC, a unit of John Keells group

Collective approach a must to push slow growing Islamic finance industry

??By Shabiya Ali Ahlam Reflecting on the lackluster growth in Sri Lanka’s Islamic Banking and Finance (IBF)

Torrential rains drive more than 130,000 from homes

REUTERS: Flash floods and landslides in Sri Lanka, triggered by more than three days of heavy rain, have

Fairway National Literary Awards 2016 - Call for Entries

Fairway Holdings presents the Fairway National Literary Awards 2016 for the second consecutive year to recognise exceptional talent in creative writing in the Sinhala  

Taj Samudra owners report loss despite higher top line

The owners of Taj Samudra Hotel, Colombo TAL Lanka Hotels PLC, posted a net loss of Rs.s28.35 million for the fourth quarter of 2016 (4Q16) compared to a net profit of Rs.19.43 million a year ago, despite higher top line performance. 

Sri Lanka’s first General Insurance Sales Congress ends with tremendous success

Traditional drums and dance heralded the beginning of Sri Lanka’s first General Insurance Sales Congress (GISCO) recently at Waters Edge. The theme of the congress was ‘Growth through innovation’. Over 500 delegates representing insurance companies were present at the event. 

Promethean Power and Fonterra partner to boost Lankan milk quality

Promethean Power Systems and Fonterra, the dairy co-operative behind Anchor milk brand, have partnered to introduce a new rapid milk chilling technology that will drastically improve the quality of Sri Lankan milk.

DFCC 1Q net profit up 16% over strong core banking and lower costs

The DFCC Bank PLC group increased its March quarter net profits 15.8 percent to Rs.955 million with an earnings per share of Rs.3.60 from a year ago, the interim results showed. 

Janashakthi March net profit up due to merger effect

Sri Lanka’s third largest general insurer by gross written premiums (GWPs), Janashakthi Insurance PLC (Janashakthi) group, posted a net profit of Rs.357.5 million for the quarter ended March 31, 2016 (1Q16), up 236 percent from a year ago due to the rise in general insurance premiums, the interim results showed. 

CA Sri Lanka launches Certificate Course in Forensic Accounting

In a fresh effort aimed at combating increasing fraud in the country, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) launched the Certificate Course in Forensic Accounting, to inculcate chartered accountants with important knowledge and skills in this specialised field. 

Astron Animal Health obtains GMP Accreditation

Astron Animal Health - the Veterinary Business of Astron Limited – announced that they have received the Good Manufacturing Practices (GMP) Accreditation from the Sri Lanka Standards Institute (SLSI) for its animal health production facility in Ratmalana. Astron Animal Health is the first manufacturing facility in Sri Lanka to obtain the GMP certification from SLSI. 

PATA marks 65 years of leadership in global tourism

In two weeks, the Sri Lanka tourist promotion board will mark the golden jubilee of the formal start of organised tourism development in the island by issuing a commemorative volume and next year it will host the 2017 annual summit of the Pacific Asia Travel Association (PATA), in Negombo. However, from today till May 21, PATA will convene its 2016 annual summit on the Pacific island of Guam marking 65 years of providing leadership to the global

New Board appointments at Regnis

Regnis (Lanka) PLC, Sri Lanka’s leading manufacturer of a range of refrigerators and washing machines under the Singer and Sisil brands recently announced the appointment of Neminda Karunaratne as an Alternate Director and Eraj Fernando as Company Secretary to their Board.

Causeway Paints launches De Beer WaterBase 900+ series

Causeway Paints Sri Lanka’s No 1 automotive coatings company introduces the latest addition to their product platform with De Beer WaterBase 900+ series at the Golden Rose, Boralesgamuwa. The programme was presented by Steve Brown (De Beer Technical Manger, Valspar Australia) and Peng Hooi,(Valspar APAC Sales Director).

Have our entrepreneurs failed to compete in Indian market under Indo-Lanka FTA?

Making the best use of a free trade agreement (FTA) by penetrating another market needs skills and foresight. Sri Lankan entrepreneurs with such endowments have made their mark in India.  But entrepreneurs who rely on a protectionist umbrella with state patronage may not be successful in such market penetration. Being shielded from competition in the local market tends to make them shy away from taking risks in the foreign markets.

Thermo Plastics receives Marks and Spencer ECO Certification

Thermo Plastics (Pvt) Ltd, a leader in apparel packaging in Sri Lanka has once again been recognised for its commitment to the society and environment in which it operates, becoming the world’s first apparel shroud manufacturing plant to obtain Eco-factory accreditation by Marks & Spencer for fulfilling their plan A ECO attributes.  

JAT rebrands, gears for growth and regional expansion

JAT Holdings announced its new corporate identity to reinforce its leadership position in the Sri Lankan market and support the company’s long-term growth strategy by increasing awareness, appealing to new markets, and broadening its international reach.  

SriLankan Chairman says being first PPP, they have to get it right

By Shabiya Ali Ahlam As far as one can remember, losses are what followed SriLankan Airlines. Keen on changing its fate, the unity government after much deliberation has now decided to hunt for a suitable partner for the airline, which is currently not so attractive due to its pile of debts and continuous losses.  While the government calls the shots, it is the heads of the entity that must go ahead with the execution. And the tough task fal

SL tourism to come under spotlight hosting JEV 2016

Come October, the local tourism industry will fall under fresh spotlight with the prestigious JEV Conference 2016 of France slated to take place in Colombo.

People’s Bank ‘SisuUdana’ awards Scholarships worthRs. 20mn to Grade 5 students

People’s Bank will be awarding students and ‘SisuUdana’ Account -holders who excelat the grade 5 scholarship examination