Geocycle signs vital MoU with NWP Local Government Department

Geocycle, a subsidiary of Holcim (Lanka) Ltd, a member of LafargeHolcim, recently signed a vital memorandum of understanding (MoU) with the Local Government Department for North Western Province (NWP) to dispose of all non-biodegradable waste in the area.

TEA praises 2016 National Budget

The Tea Exporters’ Association (TEA), the apex private sector body for the tea export community in the country, yesterday hailed the maiden budget presented by the national unity government.

Detox Program by Absolute Ayurveda

The Absolute Ayurveda Natural Healing Clinic by Spa Ceylon is hosting a Detox Programme. The modern clinic is located at No. 23, Alfred Place, Colombo 03, and provides a range of natural treatments and alternative therapies, in a tranquil setting.

Orient Finance relocates Galle branch

?Orient Finance PLC relocated its Galle branch to a spacious new premises at Colombo road, Kaluwella, in order to cater to the growing demand for their financial products.

Anantaya - Chilaw kicks off festive season with traditional cake mixing

Anantaya Resorts & Spa, Chilaw, part of Laugfs Leisure, kicked off the festive season in style with the traditional Christmas cake mixing ceremony, amidst much enthusiasm and merriment.

Leading lubricant importer criticizes govt.’s move to liberalize market

The government’s decision to liberalize the lubricant and bitumen markets will have far reaching negative consequences to both the government and the consumers, the country’s top suppliers said.

Banks asked to spin off leasing business

A day after the budget 2016 proposed to bar Licensed Commercial Banks (LCB) from engaging in leasing business from June 01, 2016, the Finance Minister,...

Govt. to exit non-strategic investments via capital market

?The Colombo Stock Exchange (CSE) will be getting a slew of new state-owned listings next year, while government shares on them will be divested, the Budget 2016 revealed.

New tax structure to discourage motor vehicle use: CMTA

?The new tax structure on vehicles and measures introduced in the Budget 2016 will discourage consumers from buying or using vehicles as the government intends, Ceylon Motor Traders Association Chairman Gihan Pilapitiya said.

Finance Ministry to set up separate unit to oversee private businesses

?A separate department is soon to be set up under the Finance Ministry (FM) consisting of top private sector Chief Executive Officers (CEOs), to create an enabling environment for the private sector...

Monkey business

A tourist is seen capturing monkey tricks near the Independence Square in Colombo, taking some time off from sightseeing. 

NDBIB raises Rs. 5 bn in maiden debenture issue for Access Engineering

NDB Investment Bank Limited (NDBIB), the premier investment bank in Sri Lanka, acted as the Managers and Financial Advisors to the successfully concluded maiden debenture issue of Access Engineering PLC (AEL). 

Loi Krathong Interactive Exhibition & Display kick starts today

?Tourism Authority of Thailand invites you to visit Thailand during the month of November to experience Thailand’s most spectacular event Loi Krathong Interactive Exhibition...

Govt. to assist private sector with MICE tourism infrastructure

The government will be assisting the private sector in building facilities for MICE (Meetings, Incentives, Conferences and Exhibitions) tourism. “To encourage MICE, it is proposed to establish the necessary infrastructure to create a MICE Triangle consisting of the BMICH, Nelum Pokuna Theatre and

Micro, small and medium enterprise policy to be legislated

A micro, small and medium enterprise (MSME) policy will be legislated to help the small and medium enterprises, which contribute most towards  the economy.

Rubber industry to revive with comprehensive master plan

The troubled rubber industry will soon receive fresh focus with the Plantations Industries Ministry having conceptualized a comprehensive master plan that would be executed with a number of competitive and operational strategies.

Review of 2016 budget proposals to boost Venture Capital and SMEs

The budget proposals for 2016 have several initiatives aimed at developing Venture Capital (VC) and Small and Medium  Enterprises (SMEs). 

Budget proposals towards a robust capital market

?Reforms of the capital market through demutualization ensure that the exchange actually looks into the issues of the market participants rather than satisfying financial intermediaries. The demutualization process of the CSE will happened during 2016.

The stock market is not a gamble

Many of our readers would have heard the unjustifiable mantra “Investing in the local stock market is similar to gambling in a casino”. This has become a common topic in political forums and private gatherings.

Listen! An opportunity may be knocking at your door right now

An opportunity has a way of making a soft tap-tap on your door. Smart managers listen for these signals--they have ears specifically attuned to the sound. During the past few weeks, we reviewed in detail the tangible problems faced by the managers in small companies.

AB Securitas wins Gold at National Quality Awards

AB Securitas (Pvt) Ltd, the leading Loss Prevention and Secure Transport service provider in Sri Lanka is being honored with the National Quality award for Business Excellence under Service Sector (Large Scale) in Sri Lanka, at the National Quality Awards 2015 which was held at BMICH on 14th October.

JLanka Technologies emerge winners at Techno 2015

  JLanka Technologies was adjudged winners at the recently concluded Techno-2015 award ceremony held at the Hotel Galadari on 6th November 2015.  JLanka Technologies won Gold award for the e-PRO solution under the best display of engineering services category and Silver for solar solutions under the

ZILLIONe sponsors and participates in CPA Congress in Fiji Island

ZILLIONe, the technology-based, enterprise-wide business applications and systems solutions provider, with over 400 corporate customer relationships in more than 10 countries, recently sponsored the  2015 CPA Congress held  at the Sheraton Fiji Resort on Denarau Island in Nadi. 

The Regent unveils gym at membership launch

The Regent Country Club, officially unveiled their high-tech Gym on November 6th at the LAHRC membership launch.  The gym was declared ceremonially open by Rajiv Malalasekera, the first exclusive member of the Regent Country Club.

Shortage of pharmaceutical supplies caused by poor exchange rate handling: Ceylon Chamber

The inability of government institutions to be proactive in the face of increased exchange rates is causing a shortage of pharmaceutical supplies in Sri Lanka, the Ceylon Chamber of Commerce (CCC) Import Section said.

SLASSCOM signs MOU with Japan’s IT industry

With a motive of establishing mutual cooperation to encourage and promote collaborations internationally, SLASSCOM recently signed a MOU with Japan Information Technology Services Industry Association (JISA), a trade organization of Japanese IT services Industry.

Startup Sri Lanka partners Infocomm to take Sri Lankan tech start-ups to the region

Startup Sri Lanka, an initiative by SLASSCOM Innovation and Entrepreneurship Forum is partnering with Infocomm Investments Pte Ltd (IIPL), the investment arm of the Infocomm Development Authority of Singapore (IDA) to support and grow Sri Lankan tech start-ups.

APICTA Business Forum

Upul Jayasuriya, Chairman Board of Investment of Sri Lanka speaking at the APICTA Business Forum held at the Cinnamon Lake Side, Colombo. Renuka Weerakone , Executive Director (Investment &Promotion), BOI ,

Trans-Pacific Partnership (TPP): Implications for Sri Lanka

Twelve Pacific Rim countries including USA, Canada, Australia, New Zealand, Brunei Darussalam, Chile, Japan, Malaysia, Mexico, Singapore, Peru, and Vietnam finally saw light at the end of a long tunnel, last month. After five years of intense negotiations, the Trans-Pacific Partnership (TPP) was completed on 4th October in Atlanta, USA.  

D. Samson & Sons holds conventions for Batticaloa, Kegalle, Ratnapura dealers

The end of October proved to be a most fruitful period for D. Samson & Sons (Pvt.) Ltd as it hosted its annual dealer conventions in Ratnapura and Batticaloa.  The primary goal of these conventions was to recognize and appreciate the services of the dealers in Batticaloa, Kegalle and Ratnapura. Twenty of the best