Iran-Japan biz talks

Iranian Economic and Finance Minister Ali Tayebnia (2nd L) speaks during talks with Japanese Foreign Minister Fumio Kishida (R), following a signing ceremony of an investment agreement in front of Japanese and Iranian business persons at the Foreign Ministry in Tokyo yesterday. Tayebnia is on a five-day visit to Japan. AFP

Singer Sri Lanka ventures into Executive Education with Singer Business School

Singer (Sri Lanka) PLC, one of the nation’s largest and most successful diversified companies recently forayed into the education sector,

Sri Lankan shares steady in dull trade

REUTERS: Sri Lankan shares ended steady yesterday in thin trading volume as investors awaited cues on the macro economy amid a rise in interest rates and as global economic concerns dented sentiment.

Truck maker Volvo offloads costs for big profit rise

AFP- Volvo Group, the world’s second-biggest truck maker, yesterday  reported a seven-fold increase in net profit, thanks mostly to a massive cost-cutting drive.

Large cruise liner to call at Hambantota port

Sri Lanka Ports Authority (SLPA) said that Hambantota Port is to  receive the biggest cruise ship, ‘MS Rotterdam’ tomorrow.  

JLanka partners workshop on photovoltaics

Setting a precedent in the field of photovoltaic technology, the faculty of science in the University of Kelaniya successfully conducted the third installment of its workshop series  on photovoltaics. 

US proposes to curb illegal fishing by tracing imports

AFP - Shrimp, swordfish, cod and crab are among more than a dozen types of seafood that would be subject to increasing scrutiny under a US plan to curb illegal imports, US officials said this week. The proposal announced by the National

SLASSCOM signs MoU with Dharmavahini Foundation

The Sri Lanka Association Software and Services Company (SLASSCOM) very recently signed a Memorandum of Understanding with LearnTV,

ABC Trade and Investments relocates A’pura showroom

The relocated Anuradhapura showroom of ABC Trade and Investments (Pvt.) Limited was ceremonially opened at No: 561/59, First Lane, 

Cinnamon’s city hotels hold Health Walk

In line with the Government’s National Sports and Physical Health Promotion Week initiative, Cinnamon’s city hotels – Cinnamon Grand, Cinnamon Lakeside and Cinnamon Red – organised a ‘Health Walk’ for their associates recently.

Unilever’s Knorr to hold ‘Gastronomic Symphony’

To add another dimension to its culinary expertise, Knorr - Unilever’s culinary brand - schedules to hold ‘Gastronomic Symphony’ orchestrated by Jehan Aloysius on February 26 and 27 collaborating with Cinnamon Grand.

Willpower Group introduces toilet seat sanitizer spray

Willpower Group (Pvt.) Ltd, Sri Lanka’s leading and reliable supplier of sophisticated and high-quality industrial water treatment chemicals, preventive maintenance chemicals,

EESoc holds panel discussion on power quality and reliability

Power Quality and Reliability was the topic for the annual panel discussion organised by Electrical Engineering Society (EESoc) of the University of Moratuwa. This was held recently at Water’s Edge, Colombo with the participation of a panel of professional expertise

Recovering tropical forests a sponge for CO2: study

AFP - Tropical forests reclaiming land cleared for agriculture or livestock not only grow quickly, but absorb far more CO2 from the atmosphere than old-growth trees, according to a study released this week.

Disgraced ex-IMF chief Strauss-Kahn joins Ukraine bank

AFP - Disgraced former IMF chief Dominique Strauss-Kahn has been appointed to the supervisory board of a bank owned by Ukraine’s second-richest businessman Viktor Pinchuk. Kiev’s Kredit-Dnipro Bank said the decision to accept Strauss-Kahn and five others to the advisory body was taken on Monday and goes into immediate effect.

China’s Alibaba seeks sporting gold

AFP - Chinese e-commerce giant Alibaba is looking to turn its hundreds of millions of users into sportsmen as it seeks to cash in on the country’s growing sporting market, 

Biggest ever trade deal signed as US seeks to counter China

The biggest trade deal in history was signed yesterday, yoking 12 Pacific rim countries in a US-led initiative aimed at wresting influence from booming China.

Credit Suisse books $2.9 bn loss in 2015

AFP - Credit Suisse posted yesterday a net loss of 2.9 billion francs ($2.9 billion, 2.6 billion euros) for 2015 as it wrote down the value of its assets and booked charges as Switzerland’s number two bank seeks to overhaul its business.

Asia markets rally, oil extends gains as dollar eases

AFP - Oil extended the previous day’s rally and Asian stocks surged yesterday while the dollar held most of its losses as the turmoil on global markets lowers expectations the US will hike interest rates again this year.

Oman Air Conference looks forward to exciting 2016

A positive future and continued expansion will be the focus for Oman Air, as the airline starts the year with their major global conference in Muscat, under the theme “

Kuwait Airways introduces mega sales offer

Kuwait Airways, the national carrier of the State of Kuwait introduces special fares to the passengers with exclusive discounts. 

Mihin Lanka continues to provide affordable travel solutions to region

Mihin Lanka, Sri Lanka’s national low-cost carrier, offers travellers affordable and convenient flight options, to an array of key destinations across the Asian,

Emirates Group releases 5th Annual Environmental Report

The Emirates Group, comprising Emirates airline and dnata, has released its fifth annual environmental report for 2014-15.

Turkish Airlines and Boeing sign long-term collaboration agreement

Turkish Airlines and Boeing, building on their 70-year relationship, have signed a collaboration agreement that will strengthen Turkish Airlines’ long-term industry leadership, as well as Turkey’s aerospace and technology capabilities. 

Textured Jersey 3Q net up 79% over operating efficiencies & subsidiary performance

Textured Jersey Lanka PLC (TJL), a unit of leading apparel exporter Brandix Lanka Limited, increased its net profit by as much as 79 percent year-on-year (yoy) to Rs. 672.1 million for the quarter ended December 31, 2015 (3Q15), the interim results showed. 

Will Yahapalana’s plan to develop the country end up as a pipe dream?

Will Yahapalana’s plan to develop the country as announced recently - “Our objective is to make Sri Lanka the most competitive nation in the Indian Ocean and to develop the island as a MEGA CITY for the region that will go between Singapore and Dubai

Sri Lanka-Thailand Business Council delegation visits Thailand

An 18-member delegation from Sri Lanka visited Thailand from February 1 to 3, 2016 for business matching and business-to-business (B2B) meetings. 

Dinesh presents ‘November Revolution’ to Chandrika

Dinesh Weerakkody presenting a copy of his book ‘The November Revolution’ to former President Chandrika Bandaranaike Kumaratunga, a key architect of The November Revolution

Omani Chamber delegation visits National Chamber

A delegation from the Omani Chamber of  Commerce and Industry headed by Chairman Said Saleh Said Al Kiyumi met National Chamber President Thilak Godamanna and the officials of the chamber recently and had  cordial discussions on establishing trade links with Oman. 

New CA Sri Lanka President unveils four-point plan to retain accounting profession at helm

New Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) President Lasantha Wickremasinghe recently unveiled a four-point plan for the next two years, which, according to him, will help the institute and the accounting profession remain at the helm.