Imports are required in order to export: Harsha

Stressing the need for reducing the barriers imposed on trade in order to exploit the county’s potential,

IoT and a brave new world for service providers

Some trends are so oft-discussed that it’s fair to wonder when they transcend the term ‘trend’ and are simply accepted as staples of our day-to-day life.

Fitch upgrades Hemas Holdings to ‘AA-(lka)’; outlook stable

Fitch Ratings has upgraded Hemas Holdings PLC’s (Hemas) national long-term rating to ‘AA-(lka)’ from ‘A+(lka)’. 

Avonet geared for novel technological solutions

AvonetTechnologies (Pvt.) Ltd., a new entrant to the local software industry, recently announced its launch

JAT Holdings joins hands with Construction Expo 2016

Construction Expo 2016, Sri Lanka’s most comprehensive exhibition featuring all aspects related to the construction and building industry, is scheduled to be held on July 29, 30 and 31, 2016 at the BMICH.

ADB says Sri Lanka to grow at 5.3% this year

A container ship is pictured docked at the Colombo South Harbour. Sri Lanka on Tuesday kept the policy 

Laying of SEA-ME-WE-5 submarine cable underway in Matara

The laying work of the SEA-ME-WE -5 marine cable line between Sri Lanka and Singapore that links the country with

Nearing islandwide electrification, SL to focus on quality and reliability

As the only South Asian nation with near 100 percent grid connectivity, Sri Lanka has shifted its focus in recent

Fairway Holdings partners with Soundarie David’s Soul Sounds to stand Up For Animal Welfare

Soul Sounds, one of Sri Lanka’s most acclaimed, all female choral groups, rise up in song in aid of animal welfare in the country. The concert titled “Born Free” was held at the Lionel Wendt Theatre at 7.30 with all proceeds going to the Animal Protection Trust. 

Land Rover partners with ‘Around the Pearl 2016’

Land Rover is proud to be a partner of ‘Around the Pearl 2016’ (ATP), which is set to take place from 7thto 17thApril 2016.

Seylan marks 28th anniversary by expanding presence

Seylan Bank celebrated 28 years anniversary by opening four new branches on the same day in Wennappuwa, Pannala, Dankotuwa and Athurugiriya and also commissioned two off-site ATMs in Negombo and Hikkaduwa enhancing the coverage of the bank’s ATM network.  Further, branches in Galle, Matara, Wellawatte, Panadura and Wennappuwa were converted to 365-day banking network for added customer convenience. Seylan is constantly looking to innov

Regus educates commercial real estate agents on flexible working

Regus Sri Lanka, the local operation of the global workplace provider Regus, organised a seminar targeting commercial real estate agents recently. 

Abdul Rahims opens revamped showroom

The trusted name in household ware for over a century, Abdul Rahims has opened the doors of its revamped showroom in Wellwatta to the public. 

Central Bank keeps key policy rates steady

Sri Lanka’s monetary authority yesterday left the key policy rates unchanged though many expected the rates would be raised to curb pressure on the currency and to slow the foreign exit from bond markets

Lankan duo to take country to the top

President Maithripala Sirisena recently met Jayanthi Kuru- Utumpala and Johann Peries to wish them on their attempt to reach the summit of Mt. Everest. Prime Minister Ranil Wickremesinghe and Sports Ministe

Capital Alliance seals Rs. 960 million deal for Fentons limited

Capital Alliance, Sri Lanka’s leading full service investment bank recently advised the shareholders of Fentons Limited (FL) on the sale of a controlling stake to Hayleys PLC (HAYL).

Vinseth Engineering celebrates ten years in operation

Vinseth Engineering (Pvt) Ltd celebrated ten years in operation under the theme of “ADMO Ten Years of Excellence” with an all-night Pirith ceremony at their factory premises at Katuwana Industrial Complex  in Homagama. Members of the staff who served the company loyally, since the inception were felicitated in a gala dinner held at the “Cavalry Officers Mess” in Rock House Army Camp Colombo 15.  Retired Army Comm

Union Bank initiates regional SME capacity building programme

Having identified the importance of small and medium enterprises (SMEs) to the national economy, Union Bank has dedicated over 20 years of customised financial expertise to  this sector. 

Nolimit triumphs at Triumph dealer convention with Gold award

Nolimit, the biggest fashion retail chain in Sri Lanka, seized the gold award as the ‘Best Dealer’ for the 8th consecutive year at the recently concluded Triumph dealer convention, competing with more than 600 distribution channels of all forms ranging from direct sales, boutique outlets, key accounts, retail sector, etc. The winners were selected based on their performance and the contribution towards the growth of Triumph as a leadi

Textured Jersey and Peradeniya University to develop textiles of the future

Textured Jersey Lanka PLC (TJ), the region’s largest textile manufacturer, signed a Memorandum of Understanding (MoU) with the University of Peradeniya (UoP), with the aim of expanding the smart textile segment of the industry, in collaboration with the university.  

Walker Sons completes work on Kolonna, Balangoda water purification projects

Walker Sons & Company Engineers, a subsidiary of MTD Walkers PLC, recently completed the electro-mechanical work for the water purification projects in Kolonna  and Balangoda. 

David Pieris Motor Company and Assetline Leasing now in Mannar

David Pieris Motor Company Limited (DPMC) and its sister company Assetline Leasing Company Limited opened their latest office in Mannar.

DSI opens 3rd Reebok FitHub Concept Store in Colombo 4

DSI  recently opened yet another FitHub Concept Store on the 5th of March 2016 at Bauddhaloka Mawatha, Colombo 4. This latest retail concept provides shoppers with a truly immersive experience whereby; they can merge their fitness lifestyle with a shopping experience that is of an international standard. 

Raffles Residence launched in Nugegoda

A brand-new two-banquet venue was launched in the heart of Nugegoda on March 27 and is truly a destination for glamorous weddings and events. Featuring two banquet halls with a seating capacity of 300 and 100, Raffles Residence works together with top industry players to provide a service on par with  international standards.

Elephant House Cream Soda celebrates a decade as the people’s choice

Extending an already impressive winning streak, Elephant House Cream Soda has been awarded the unprecedented, 10th consecutive “Beverage Brand of the Year” honour at the recent 2016 People’s Awards, jointly organised by the Sri Lanka Institute of Marketing (SLIM) and The Nielsen Company. Elephant House Cream Soda has essentially dominated this top award since the launch of the People’s Awards in 2006. 

Access Industrial Systems partners with Stratasys India to promote 3D printing in Sri Lanka

Access Industrial Systems, a subsidiary of the Access Group, announced its partnership with Stratasys, India, the 3D printing and additive manufacturing solutions company, to set up a new dimension of 3D printing in Sri Lanka. 

NTB Amex cardmembers to get great offers on Google-powered ‘Avurudu MegaPola’

With the rapid growth of online shopping both globally and in Sri Lanka, Nations Trust Bank (NTB) American Express (Amex) announced its partnership with Google’s ‘Avurudu MegaPola’, as the preferred card.

CSE seeks foreign listings on new dollar-denominated board

The Colombo Stock Exchange (CSE) and the Maldives Stock Exchange (MSE), in association with the Capital Market Development Authority of Maldives (CMDA), acting under the Memorandum of Understanding (MoU) signed between the two exchanges, conducted a roadshow for potential Maldivian issuers and investors.

Escaping the middle-income trap

After a turbulent 2015, China’s major stock exchanges took another hit in January. Chinese authorities have in the past clumsily tried to stop the free fall in markets with various degrees of success. But for China to avoid a middle-income trap and become a high-income country, it will need to develop and trust the markets instead of distorting them with unsustainable growth, just like its Northeast Asian neighbours did.

Kenanga Investment Corporation signs MoU with Maldives Securities Depository Company

A Memorandum of Understanding (MoU) was signed recently between Kenanga Investment Corporation Limited (KICL) and Maldives Securities Depository Company (Pvt.) Ltd (MSD). The MoU was signed by MD/CEO Rohan Senanayake and Director Surath Peiris on behalf of KICL, while MD/CEO Hassan Manik signed on behalf of MSD.