New Zealand business delegates meet local corporate heads

Innovative New Zealand businesses who visited Colombo this week to continue forging business and trade links with Sri Lanka, met with Sri Lankan business heads at a reception hosted by High Commissioner to India, Sri Lanka, Bangladesh and Nepal Grahame Morton, at Taj Samudra.

Big names needed to bring tourists: Aitken Spence MD

Sustained promotion and consistent branding of Sri Lanka as a holiday destination are essential if the country is to overhaul its tourism industry, Rajan Brito, the Deputy Chairman and Managing Director of the conglomerate Aitken Spence, has said.

Ship suppliers urge govt. support, new mechanism for industry

The Sri Lanka Ship Suppliers’ Association recently urged assistance and to introduce a new mechanism for the industry from the concerned government authorities and institutions considering the amount of foreign exchange brought to the country by them.

High-powered Chinese biz delegation to visit SL

A 77-member high-powered business and government delegation from China’s Zhejiang Province will arrive in the country in mid-November hunting for business opportunities, including opportunities for cross border mergers and acquisitions (M&A).

SAARC still marred by divisions

The South Asian Association for Regional Cooperation (SAARC) was established in 1985 to enhance peaceful co-existence among South Asian states. 

Advice from the world’s youngest self-made female billionaire in the world

“What’s the thing you love, and that you’re so incredibly passionate about that if you got fired you’d still want to do it?” When Elizabeth Holmes, ...

Budget 2016 will make life easy for all: Ravi Karunanayake

Finance Minister Ravi Karunanayake said that the budget 2016 will make life very easy for all and everyone will be happy, especially the fixed wage earners.   The minister said the government has no intention to put burden on the wage earners.

Higher domestic sales boost Piramal Glass 2Q profit

Glass bottle and container manufacturer Piramal Glass Ceylon PLc, a unit India’s Piramal group saw its net profit for the September quarter (2Q16) improving to Rs.140.5 million from 83.6 million year-on-year (yoy), ...

Ronnie Peiris named ‘CIMA Business Icon 2014’

?CIMA recognized Ronnie Peiris, Group Finance Director and Executive Director on the Board of John Keells Holding PLC (JKH), as CIMA Business Icon 2014.    

Export decline reasons ‘many and varied’: EDB Chief

The country’s exports have come down due to a multitude of reason and not due to a shortcoming of the Exports Development Board, the agency’s new Chairperson said.

Lagna Wasanawa and Super Ball offer more winning chances

?The Development Lotteries Board listens to customer needs and introduces new prize structures that are worth millions and billions of rupees.

MAS unveils country’s largest rooftop solar plant in fabric park

?At the launch of its 1-megawatt rooftop solar solution, the apparel and fabrics giant MAS says the greatest, biggest or best isn’t good enough. 

Koala unveils new expanded showroom in Green Path

Koala (Pvt) Ltd recently unveiled the first phase of its new expanded flagship showroom located at Green Path to special invitees including interior designers, architects and select customers.

“World of Outdoor” to open shortly

Rainwear brand Rainco will ‘unfurl’ their latest venture to the public when they launch ‘World of Outdoor’, a concept store at Baudhaloka Mawatha, Colombo 4,  showcasing their latest range of outdoor furniture and accessories . 

Nolimit unveils new ad campaign and customer loyalty promo

Fashion chain Nolimit, unveils plenty of surprises with an exciting new advertising campaign to enrapture its steadily growing loyal shopper base and an equally thrilling loyalty promotion, wherein customers won a wardrobe full of fashionable clothes that truly delighted them.  

St. Regis becomes first paper sack maker to receive SLS

St. Regis Packaging, the Sri Lankan company that patented the Kraft Liner Board Rigid-T-Sack now widely used in bulk packaging of large leaf teas, has become the first paper sack manufacturer to receive the Sri Lanka Standard (SLS) certification for both Kraft Liner Board Sacks and Multiwall Paper Sacks. 

Browns-Mahaweli Authority distribute water pumps to rural farmers

?The General Trading Division (GTD) of Brown & Company PLC, in its ongoing project of facilitating rural farmers with BG water pumps, recently distributed water pumps to deserving farmers in the Aralaganwila area.

Kanrich celebrates Children’s and Elders’ Day

Children’s Day, which falls on October 1 is a dedicated 24-hours to focus on children and their needs and rights in a broader spectrum. The world celebrates Elders’ Day too on this very special day to commemorate a generation that has brought forth and achieved much for, the present generation. 

Minna and Ladbroke Division landslide victims receive houses

Strathspey Estate, Upcot, which comes under Maskeliya Plantations PLC, owned by Richard Pieris Group of Companies, undertook the constructions of 15 full-fledged new houses, with the funds received from the Hill Country New Villages, Infrastructure and Community Development Ministry. 

Lifebuoy announces latest venture under ‘Help a Child Reach 5’ campaign

Lifebuoy, as part of its continuous effort in helping communities around the world to improve hygiene through handwashing, recently announced its latest venture under the ‘Help a Child Reach 5’ campaign.

South Asia Textile Industries Lanka-Inner Wheel Club partner for healthcare initiative

South Asia Textile Industries Lanka and Inner Wheel Club of Colombo West, a Rotary International affiliate, partnered in a joint healthcare initiative for the people of Gampaha District, which involved the building of walking...

Prime Minister’s much-awaited policy statement today

?Prime Minister Ranil Wickremesinghe’s special policy statement in Parliament today on the new government’s medium-term economic framework is likely to deal with several important issues which could directly impact the country’s businesses and financial sector.

Cheaper solutions to reduce traffic in Colombo not “sexy enough” for govt.: expert

An efficient Bus Rapid Transit (BRT) system with an investment of just Rs.173 billion can comfortably cater towards the public transportation needs of Colombo and reduce congestion, an expert said.

Govt. must transition towards transparency centred on ICT: Eran

?The government must transition towards a transparent government centred on information communication technology (ICT), the Public Enterprise Development Deputy Minister said.

October tourist arrivals to Sri Lanka up 8%

Sri Lanka’s tourist arrivals rose 8.8 percent year-on-year (YoY) in October despite declines from a few key source markets. According to the latest statistics released by the Sri Lanka Tourism Development Authority (SLTDA)

IMF says Sri Lanka signing up to their standards a “major step forward”

?Sri Lanka’s subscription to International Monetary Fund’s (IMF) Special Data Dissemination Standard (SDDS) is a “major step forward” for official economic statistics in the country, the IMF said in a statement. 

Massive increase in tax revenues from budget 2016

?Just less than three weeks to a much-expected budget, Finance Minister Ravi Karunanayake yesterday said the country’s fiscal front is at a crucial point and hinted a massive increase in tax revenue to the government in the forthcoming budget. 

Janashakthi continues to provide tailor-made insurance solutions

Janashakthi General Insurance Limited tailor-made a hole-in-one insurance cover for the recently concluded Sri Lankan leg of the Audi Quattro Cup held at the Royal Colombo Golf Club. 

ComBank to keep 65 branches open on Deepavali Festival Day

The Commercial Bank of Ceylon has announced it will continue its practice of keeping a significant number of branches open for business on Public and Bank holidays, when the country celebrates Deepavali on 10th November.

Customer service, innovation key to bank’s success : Sampath MD

Sampath Bank continues to add to their list of global and local accolades, most recently being recognised as the Best Commercial and Retail Bank in Sri Lanka by the World Finance Magazine for the second consecutive year,...