BoI hosts delegation of Japanese multinationals from Kansai

The Board of Investment (BoI) hosted a delegation from the Kansai region of Japan, which consisted of many Japanese multinational companies.

CIMA seminar on recent amendments to tax statutes on Nov. 5

CIMA Sri Lanka will be conducting a seminar on recent amendments to the tax statutes on November 5 from 8:30 a.m. to 12:30 p.m., at the CIMA auditorium. The presentation will be delivered by KPMG Tax Attorney Suresh R.I. Perera. 

Court rejects all 15 interim orders against Ceylinco Insurance sought by shareholder

In a landmark case, in which, shareholders’ Global Rubber Industries (Pvt.) Ltd, Prabash Subasinghe and Global Sea Foods (Pvt.) Ltd sought 15 interim orders against Ceylinco Insurance Company PLC, were all turned down by the Commercial High Court.   

Electronic Ventures launches dedicated online portal for local hospitality industry

Electronic Ventures (Private) Limited recently commenced Sri Lanka’s first ever comprehensive online portal for the tourism and hospitality industry, Hospitality.lk

Sri Lanka bags SNAV Congress for 2016

Syndicate National Des agents de Voyages – SNAV – the travel agents’ association in France at its Executive Board meeting recently voted unanimously for Sri Lanka as a venue for its congress 2016 against other contenders. 

SLCB and SriLankan promote MICE market in Singapore

As planned earlier, Sri Lanka Convention Bureau and SriLankan Airlines carried out a MICE promotion with industry members in Singapore recently. The target audience was meeting planners, incentive houses and corporates in Singapore.

Cinnamon announces Asia’s first Travel Blogger Awards in Thailand

?Cinnamon Hotels & Resorts is to host Asia’s first ever Travel Blogger Awards as part of the Travel Bloggers Conference (TBCasia) 2016. 

Hotel School Graduates Association to offer 200 scholarships

A team of office bearers of the Ceylon Hotel School Graduates Association (CHSCA) together with Chairman, Sri Lanka Tourism Development Authority-Paddy Withane and Deputy Director General,

D P Jayasinghe opens modern building complex at Rajagiriya

?The new building complex of D P Jayasinghe Group of Companies was ceremonially opened by President Maithripala Sirisena recently. 

What does the future hold for Sri Lankan real estate market?

?Real estate experts from across Sri Lanka gathered this week, to discuss the future of the country’s real estate market. 

Lanka Aluminium expands to Nittambuwa

Lanka Aluminium Industries PLC – Sri Lanka’s leading manufacturer and distributor of state-of-the-art aluminium fittings and solutions – opened their showroom and service center in the town of Nittambuwa recently. 

MAPS International enters electrical appliances market

MAPS International, the company that dealt in vehicle tyres, tyre rebuilding and building materials commenced importing and distributing household electrical appliances recently. 

DHL Sri Lanka’s Global Volunteer Day programme helps the needy

DHL Sri Lanka, part of Deutsche Post DHL Group, the world’s leading postal and logistics group, commemorated Global Volunteer Day 2015 with employees participating in a series of activities aimed at benefitting the local communities. 

Country Style Foods (Pvt) Ltd. Introduces “SMAK Active” Isotonic Drinks

Country Style Foods (Pvt) Ltd., the manufacturer and distributor of popular SMAK brand products recently introduced “SMAK Active” Isotonic Drinks to the market. SMAK Active which is a non-carbonated, non-caffeine isotonic drink comes in 2 flavours; Lemon Flavour and Pomegranate Flavour.

Big Ideas for Small Business Managers : Competitive intelligence doesn’t mean that you spy on the gu

When you hear the phrase ‘competitive intelligence’ (CI) do you think of spies, covert activities and espionage? Do you think of expensive gadgetry and employees dressed like Tom Cruise from Mission Impossible?

Axienta wins Silver at NBQSA for e-logistics and supply chain mgt

?As the leaders in the Telco solutions domain, Axienta (PVT) Limited marked another impressive milestone in their list of recent achievements.

Seylan 3Q profits edge down over gilt-edged losses

The losses made on investments in government securities and related financial assets narrowed the group net profits of Seylan Bank...

CSE promotes Sri Lankan capital market in Europe

?The Colombo Stock Exchange (CSE) will host “Invest Sri Lanka” Investor Forums in Zurich and London on 28th and 29th of October. 

Cairn India officially confirms exiting Lankan oil explorations

?Announcing its second quarter results to the Bombay Stock Exchange, Cairn India officially expressed its intention to exit Sri Lankan oil exploration activities. 

PayMedia bags four NBQSA awards

Making waves in both the local and global market after less than a year of operations, and winning a range of top notch awards at the recently concluded National Best Quality Software Awards (NBQSA)...

Janashakthi wraps up acquisition of AIA’s Lankan general insurance business

Janashakthi Insurance PLC made a payment of Rs.3.2 billion to AIA Insurance Lanka PLC to seal off its acquisition of AIA General Insurance Lanka Limited on October 23, 2015. 

Zone24x7 emerges overall winner at National ICT Awards

?In its continuous effort to prove as a provider of quality and innovative technology solutions, Zone24x7 recently was adjudged the overall winner at this year’s National Best Quality ICT Awards (NBQSA), organized by the British Computer Society (BCS) Sri Lanka Chapter.

Abans appointed Lenovo Exclusive Business Partner in Sri Lanka

?Abans, the market leader in IT tied up with Lenovo as Exclusive Business Partners in Sri Lanka, launching the Lenovo IdeaPad, the affordable laptop for everyone, at the Hotel Galadari, Colombo on 20th October 2015.

ECD project receives US $ 50 mn from World Bank

?The Sri Lankan government’s “Early Childhood Development Project” has received financial assistance from World Bank’s International Development Association (IDA).

Dell Sri Lanka powers INFOTEL as technology partner

Dell Sri Lanka has come forward as the Technology partner of Sri Lanka’s flagship ICT Expo INFOTEL-2015.  INFOTEL-2015 will be held from 20th to22th November 2015 at the BMICH under the theme ‘‘Connecting Citizens’’. 

Fairway Holdings opens Urban Homes in Koswatta

?Fairway Holdings, a name synonymous for quality in the construction industry embarks upon building cost-effective apartments for the emerging middle class in the urban areas of Colombo. 

Sri Lanka should avoid blindly pouring money into public education

President Maithripala Sirisena, has vowed to increase the current allocation of education in the next budget. I am sure that he is fully aware that Sri Lanka cannot spend its way out of this education malaise

Eagle Logistics marks 10 years in business

?Eagle Logistics celebrates its 10th Anniversary today with religious activities at their corporate office 281, R. A. De Mel Mawatha, Colombo-03. 

Service Industries and Almar Group enter footwear manufacturing joint venture

?Pakistan’s Service Industries and Sri Lanka’s Almar Group announced a Joint Venture for the manufacture and export of high end shoes. 

EAP Broadcasting Company re-launches Ran FM as RanOne FM

The EAP Broadcasting Company (EBC), part of EAP Holdings PLC recently re-launched Ran FM to cater to a wider audience of listeners across Sri Lanka.