D. Samson & Sons partners with JLanka to install 300 kWp Solar PV system

As one of the largest retail networks in the country that provides footwear, accessories and apparel to the local customer, D. Samson & Sons (Pvt) Ltd which is the main marketing and distributing arm of the DSI Samson Group, believes in setting the trend when it comes to the latest positive developments like practicing environmentally-friendly business. 

Can the government do more for women-owned businesses?

The government issued a clarion call to the private sector last week in the aftermath of the much-hailed Budget 2015. There were the highs and lows but on the whole, the Budget invited the private sector to get moving.

Emerging e-leadership

Many company bosses are faced with the challenge nowadays to be able to adapt their leadership approach to the new rules and new codes of the digital era. With the fast-moving technology-rich environment, our key interpersonal and professional encounters are not likely to be solely face-to-face or virtual

Sri Lanka’s ageing population and implications to business establishments

Sri Lanka being a developing country is demographically on par with developed countries and it is one of the fastest ageing countries in the world. Population projection shows that Sri Lanka would have an elderly population of about 3.6 million by 2021,

Another global achievement for Maskeliya Plantations

Maskeliya Plantations PLC estates owned by Richard Pieris Group of Companies and five of its smallholders that supply green leaf to manufacture in the three Maskeliya Plantation PLC factories have obtained the Rainforest Alliance Certificate.

Crisis in plantations – Solutions offered

It is a secret gone public that the plantation industry has come to a grinding halt in Sri Lanka. However, both the Regional Plantation Companies (RPC) sector and smallholder sector are suffering from different issues stemming from the core problem of high costs. 

Softlogic Finance continues high growth trajectory in 1HFY15

Softlogic Finance PLC continued its strong growth momentum in the first half of the 2015 financial year (1HFY15), recording remarkable growth across the board, including double digit improvements in many key indicators.

Sampath Bank to launch Amex Everyday credit card

Sampath Bank, well-known for its innovative solutions, is launching the Sampath Bank American Express (Amex) Everyday credit card in partnership with American Express. The grand launch of this novel credit card is taking place at the Arcade Independence Square today and tomorrow.

Twenty investment professionals earn CFA

CFA Society Sri Lanka is the local member of the CFA Institute, the global association of investment professionals that sets the highest standards of ethics, education and professional excellence. CFS Society Sri Lanka proudly welcomed 20 local investment professionals who have earned the prestigious title of CFA (Chartered Financial Analyst) at its Annual Oration and Awards Ceremony recently.

BOC closes 3Q15 with Rs.16.6bn PBT

Stepping forward with the energetic performance recorded during last year, being the pioneer by recording the highest ever profit in the history, Bank of Ceylon (BOC) has reported Rs.16.6 billion profit before tax (PBT) for the nine months ended September 30, 2015. 

Standard Chartered introduces Seasonal Privileges

Standard Chartered’s credit cardholders are truly privileged this festive season as they are brought an extensive range of purchasing options. The bank’s cardholder’s will be spoiled for choice as the offers are available on select days throughout the month of December at exclusive retail outlets. 

India Sourcing Fair comes to Colombo in December

The first-ever India Sourcing Fair will be held from 8 – 12 December at the SLECC in Colombo. The event is organised by the India Trade Promotion Organisation (ITPO) - Public Sector Enterprise under the Ministry of Commerce, Government of India and supported by the Indian High Commission in Sri Lanka.

National Chamber to hold seminar on Fraud Detection

A seminar on “Fraud Detection in Your Business” will be held on 2nd December  from 3.00 to 5.00 p.m at the Chamber Auditorium 450 D R Wijewardene Mawatha Colombo-10. 

Peradeniya University to hold MBA Night 2015

MBA Association of University of Peradeniya is planning to host its annual calendar the “MBA Night” in grand style. An event that adds more colours to the MBA programme with the key focus being the reinforcement of the relationship among lecturers, alumnus and students in an entertaining manner. 

CCI to engage global and local Asbestos experts to educate industry stakeholders

The Chamber of Construction Industry Sri Lanka (CCI), the apex body which represents all the construction industry stakeholders in Sri Lanka will hold a special seminar on “Facts about the use of Asbestos – Chrysotile Cement Roofing” on the 1st of December  

Colombo Tea Auction quantities witness marginal dip this week

Quantities at the Colombo Tea Auction this week contracted marginally with the total offering having stood at 6.1 M/Kgs, a dip from 6.2 M/Kgs recorded the previous week.

Budget 2016 proposes elevated road from Cotta Road to Kaduwela

A new elevated road will be constructed from Cotta Road to Kaduwela, according to the Budget proposals which were not read out during the second reading of the Budget 2016 in parliament due to time constraints.

CSE to establish new company to act as Central Counterparty

The Colombo Stock Exchange (CSE) yesterday announced the proposed establishment of an institution to act as a Central Counterparty for all secondary market transactions on the CSE. 

Budget worries drag down shares

REUTERS:  Sri Lankan shares closed at their lowest in four-and-a-half months yesterday on worries earnings of financial firms would fall after the new budget proposals announced last week were implemented.

Bank of England, FCA approve BOC Chairman’s appointment

Bank of Ceylon Chairman Ronald C Perera’s appointment as the Chairman of Bank of Ceylon (UK) Ltd was approved by the Prudential Regulation Authority (PRA) of the Bank of England and the Financial Conduct Authority (FCA) of England.

Apparel industry sets US$ 10bn export target by 2025

The apparel industry has set an annual export target of US$ 10 billion by 2025 while expanding into regional markets, the Sri Lanka Apparel Exporters Association (SLAEA) said.

Leo Burnett wins bronze Warc Prize for Asian Strategy 2015

Leo Burnett Solutions Inc. (LBSI), the local office of the global advertising network Leo Burnett Worldwide, was recently awarded the Warc Prize for Asian Strategy 2015, for one of the agency’s most iconic and effective campaigns - the ‘Mosquito Repellent Newspaper’.

The Quintessentially Christmas Atelier | Brands Featured The first-ever Christmas Atelier at the Lan

?This December Quintessentially lifestyle presents its first ever Christmas Atelier at the Land Rover showroom, on the 5th and 6th of December. Indulge yourself in an exclusive shopping experience where you will be a part of several launches of renowned brands,

Ashley Furniture HomeStore launches in Sri Lanka

High-quality and innovative furniture is an investment for a lifetime for both households as well as commercials. With the Sri Lankan furniture industry highly evolving, Ashley Furniture HomeStore opened its first architecturally designed 10,000 square-foot showroom,

Doing business in Sri Lanka: Investment climate and challenges ahead

?Sri Lanka’s investment climate is deemed to be favourable with the ease of investment improving from 57.5 percent in 2015 to 58.96 percent for 2016. 

Making Sri Lanka knowledge and services hub



Education attainment in Sri Lanka, which in the early 50s and 60s, maybe up to the mid 70s was better than that of countries like Malaysia, Singapore or South Korea, has fallen now behind, undermining the country’s growth prospects. 

Govt. to tax cash withdrawals

The national unity government’s maiden Budget has proposed to tax the people who withdraw their own money from the banks while measures are also being taken to confiscate the moneys lying in their accounts unless they operate their accounts from January 1, 2016.

Regaining EU GSP Plus maybe far from govt.’s claim: envoy

Regaining the General System of Preferences Plus (GSP Plus) facility from the European Union (EU) maybe farther away than the government has recently claimed, ...

UK’s Wilkins Group opens US $ 3mn eco-friendly retail packaging factory in Mawaramandiya

Wilkins Spence Sri Lanka, a subsidiary of The Wilkins Group UK, recently celebrated the opening of its state-of-the-art factory to produce retail packaging solutions in Mawaramandiya. 

China set to pledge more aid to Africa ahead of Xi’s trip

REUTERS:  China is set to announce new aid to African nations when President Xi Jinping visits Zimbabwe and South Africa next month, a senior Chinese official said yesterday.