Tata Motors-DIMO launch DIMO Batta XPRESS

?Diesel & Motor Engineering PLC (DIMO) together with Tata Motors announced the launch of a new mini truck – DIMO Batta XPRESS (Tata ACE Xpress). 

Global electric vehicle market projected to reach US $ 271.67bn by 2019

According to Reuters, Tesla Motors takes a US $ 4000 loss on every S model it sells.

AMW Pitstop now in Negombo

AMW Pitstop, the leading automobile care company, opened the latest branch of its islandwide network in Negombo recently. Present to open the new state-of-the-art facility was AMW Group Managing Director Samantha Rajapaksa. 

Atlas launches “family creative challenge” at book fair

?Atlas, Sri Lanka’s leading brand in school and office stationary was part of the ever popular International Book Fair, now in its 17th year of existence. 

DSI Premier Showroom opens at Union Place

?D. Samson & Sons (Pvt) Ltd branched out with the 205th showroom in the DSI retail chain on 16th of September, at Union Place, Colombo 2. 

Metropolitan introduces new Acer and Canon products for dealers

Metropolitan Computers (Pvt) Ltd unveiled an exciting new range of Acer and Canon products with an exclusive event at Taj Samudra Hotel for dealers recently. 

wOw.lk partners with Metropolitan as exclusive authorized online reseller of Canon cameras

wOw.lk, Sri Lanka’s largest online shopping mall, recently partnered with Metropolitan PhotoHub (Private) Limited, as the official online reseller of Canon cameras in Sri Lanka. 

Sunrich biscuits clinch international awards

One of Sri Lanka’s leading biscuit manufacturers – Sunrich Confectionery Private Limited bagged a hallmark achievement in the global food and beverage industry by winning two much-coveted International Taste and Quality Institute (ITQI) Awards in Belgium recently.

CIC Agri Businesses wins two awards at NCE Awards

Tuesday 22nd September 2015, Colombo: CIC Agri Produce Export (Pvt) Ltd, a part of CIC Agri Businesses recently won two awards at the 23rd National Chamber of Exporters (NCE) Awards Ceremony.

Stockbroking arm sale leaves Asia Capital with Rs.98mn capital gain

?The Asia Capital PLC annual report reveals that the group had gained a profit of Rs.98.12 million through the sale of its stockbroking subsidiary Asia Securities (Pvt.) Ltd last year.

Finlays plantation subsidiary transferred to secondary board

?Hapugastenne Plantations PLC, a subsidiary of the Finlays group, has been allowed to transfer its shares from the Main Board of the Colombo Stock Exchange (CSE) to the secondary Diri Savi Board.

EAP Broadcasting may renew plans to sell debentures

?EAP Broadcasting Company (EAP) may opt to go for a scaled-down debenture issue to partly finance its proposed theatre complex, a top company official said. 

Mobile-based micro lending to drive Sri Lanka’s banking sector growth

?With the very high mobile penetration and mobile banking platforms being developed in the country, mobile-based micro lending is poised to become one of the primary growth drivers in the banking sector in Sri Lanka, according to an independent research company.

Pathfinder hypocrisy or bias on the part of the author?

?Dr. Priyanga Dunusinghe has made a substantive contribution to the discussion on Indo-Lanka economic relations in his article entitled ‘Hypocrisy or backing Indian deals: Will Pathfinder Foundation find the correct path?’. 

Insights into Sri Lanka’s rebased GDP estimates

Sri Lanka’s rebased gross domestic product (GDP) estimates suggest that the economy has grown by 5.5 percent in the first half of 2015. The figures rely on the rebasing of the country’s national accounts compilation undertaken by the Department of Census and Statistics (DCS). 

Off-peak tariffs to charge electric cars

Sri Lanka’s state-owned electricity service providers are now offering domestic time of use (TOU) electricity tariff for cheaper charging of electric vehicles.

Pan Asia Bank opens 79th branch in Nawala

Pan Asia Bank ceremonially opened its 79th Branch in Nawala recently at Nawala Road, Nugegoda. The Chairman of Pan Asia Bank Nimal Perera was the Chief Guest and artist Nanda Malani...

SampathCards lights up Jaffna city with ‘Town on Sale’

SampathCards lit up the city of Jaffna with the extravagant ‘Town on Sale’ promotion on the 12th and 13th of September, which transformed Jaffna into the ultimate shopper’s paradise. 

CSE powers CA Sri Lanka’s 51st Annual Report Awards competition

 The Colombo Stock Exchange (CSE) has once again renewed its support for the prestigious Annual Report Awards competition organised by the Institute of Chartered Accountants (CA Sri Lanka), by coming onboard as a strategic partner. 

Union Assurance Single Instalment Investment Plan hits the market

?Union Assurance continues to revolutionize the insurance industry in Sri Lanka with the introduction of its innovative new Union Single Premium Advantage investment plan. 

Mercantile Investments opens latest branch in Akuressa

?Mercantile Investments has increased their branch network to 29 branches by launching their newest branch in Akuressa with the intention of providing financial solutions for island wide customers. 

Stakeholders renew call for tea industry liberalisation

As Ceylon tea continues to struggle to brew a strong cuppa, top industry stakeholders have renewed their call for the government to liberalise the tightly controlled industry, so it can work towards the much-needed progress while sustaining a healthy growth momentum.

Hospitality experts divided over regulating informal sector

Mixed signals are coming out of the bureaucratic woodwork over the regulation of the informal accommodation in the hospitality sector.

British Council and HSBC to hold ‘Kids Read Community Events’

The British Council in collaboration with HSBC has embarked on a project to foster reading in children, by engaging them and their respective teachers and families in a series of activities, community events and competitions based on reading. 

National Chamber to host high-powered Bangladesh business delegation

The four-member business delegation from the Bangladesh Export Processing Zones Authority (BEPZA) will be visiting Sri Lanka and the National 

NCC to conduct CSR health awareness programme for women

The National Chamber of Commerce (NCC) of Sri Lanka in association with Apeksha Fertilitycare (Pvt.) Ltd is conducting a women’s health awareness seminar for the wellbeing of women in general on Thursday, October 1, 2015, at the chamber auditorium, from 3:00 p.m. to 4:30 p.m. 

Turkey-Ceylon Business Chamber to be inaugurated

?The inauguration of the Turkey-Ceylon Business Chamber (TCBC) will take place at Cinnamon Grand Hotel tomorrow.  

SLSBC holds 18th Annual General Meeting

The 18th Annual General Meeting of the Sri Lanka - Singapore Business Council (SLSBC) was held on September 15, at the Ceylon Chamber of Commerce. 

Ceylon Chamber-Beijing Chamber sign MoU to promote commercial ties

The Ceylon Chamber of Commerce (CCC) and Beijing Chamber of International Commerce yesterday signed a Memorandum of Understanding (MoU) to work together to promote trade and commercial ties between the two countries.

findmyfare.com’s visa destination of the month – Australia

?Sri Lanka’s largest online travel company, findmyfare.com recently unveiled yet another revolutionary offer, the ‘Visa Travel Promo’.