Go Outdoors Lanka launches motorhome experience in Sri Lanka

?Go Outdoors Lanka (Private) Limited, a subsidiary of Fairway Holdings, introduced the latest lifestyle experience to the avid Sri Lankan explorer through the launch of its motorhomes, caravans and trailers in Sri Lanka.

Blue Mountain acquires high-tech Bankhill Sports & Wellness complex

?Leading real estate giant, the Blue Mountain Group recently acquired the Bankhill Sports Complex and Wellness Centre, which will now be rebranded as the Blue Mountain Wellness and Sports Complex. 

East Africa: The next hub for apparel sourcing?

In the past two years, a number of European companies—among them, H&M, Primark and Tesco—began sourcing some of their garments from Ethiopia. 

Nature’s Beauty Creations introduces Rathmal baby soap

Rathmal baby soap, the ideal product to wash away microbes from babies is now available at stores island wide.  Since ancient times, Rathmal immersed in water, has been the norm for mothers to bathe their babies in.

Ceylon Cinnamon under threat

?Sri Lanka’s cinnamon industry is under threat as the world-renowned Ceylon Cinnamon brand is facing severe competition from cassia, an inferior quality substitute, which costs a third of the price of cinnamon, the apex industry body for the country’s spices and allied products said. 

Bansei Hikkaduwa says no mandatory offer obligations

In response to Mirror Business article appeared on August 21 titled “Bansei Hikkaduwa largest shareholder divests interest”, the Company Secretaries of Bansei Royal Resorts Hikkaduwa PLC (BRR)...

Admo Solar introduces cost-effective solution for electric car owners

?Admo Solar Pvt. Ltd. – a company that concentrates on contributing towards an emission-free and greener environment, is a provider of solar power solutions for industries, businesses and residencies. 

Keeping good ties with all regional powers in the interest of Sri Lanka

During Sri Lanka’s parliamentary elections last week, former President Mahinda Rajapaksa conceded defeat, ending his hopes of returning to power as Prime Minister. With President Maithripala Sirisena’s power further strengthening, some media believe this marks a new era for the country.

Cement manufacturer calls on govt. to rectify policy mismatch

?The country’s largest cement manufacturer has called on the government to rectify a mismatch in its policies, which is causing the cement market to misbehave and adversely affect the construction industry and the consumer.

Fashion Bug wins Gold for Most Popular Website

?Once again popular retail clothing chain Fashion Bug, which is also one of Sri Lanka’s largest retail clothing chains, has been recognized for its achievements by being awarded the most popular website in Sri Lanka under the Advertising & Marketing Category for the year 2015.

Facilitating trade between Sri Lanka and India

Irrespective of whether the Indo-Lanka Free Trade Agreement (ILFTA) is going to be extended to a Comprehensive Economic Partnership Agreement (CEPA) or not, one cannot ignore the importance of the Indian market for Sri Lankan exporters.

Nine finalists vie for SL Jewellery Design Awards 2015

?Nine finalists of this year’s Sri Lanka Jewellery Design Awards now vie for the post of being the chosen Jewellery Designer of the year for 2015 at four different categories, a competition which is fast becoming one of the most important jewellery events in Sri Lanka.

Recent political progress in Lanka has made strong pitch to attract FDIs: Cherie Blair

Cherie Blair, leading international barrister and wife of former British Prime Minister Tony Blair yesterday said the current political landscape in Sri Lanka will have a positive effect in attracting more foreign direct investments (FDIs) to the country.

Cox & Kings appoints Classic Vacations as PSA in Sri Lanka

?Cox and Kings Ltd, the leading holidays and education travel group with operations in 23 countries, has appointed Classic Vacations as its Preferred Sales Agent (PSA) in Sri Lanka to promote and sell outbound holidays from Sri Lanka. 

CINEC to conduct ‘Seminar & Open Day 2015’

?With the aim of providing an eye-opener for students with regard to world-class recognized higher education, CINEC will be organizing ‘Seminar & Open Day 2015’ on the 19th of September at its premises in Malabe.

“NEXEN” Tyre launched in Sri Lanka by Richard Pieris Tyre Co. Ltd

NEXEN tyre is the #1 tyre brand in Korea and counts among the top ten tyre brands worldwide by showing superiority over many other renowned tyre brands.  NEXEN tyres have received top awards  in USA, Germany, Japan and Korea. NEXEN passenger car & NEXEN SUV tyres are fitted as the original fitment brand on their vehicles by several world class automobile manufacturers such as KIA, Hyundai, Misubishi, Volkswagon. Chevrolet, Fiat, Sus

EAP Group’s Galaxy Landmarks conducts ground-breaking ceremony for Impala 5 storey Cinema Multiplex

?Monday 24th August 2015: Galaxy Landmarks, part of the EAP Group, recently conducted a ground-breaking ceremony to commence the construction of the Galaxy Impala Complex in Rajagiriya. The ceremony was attended by the Company’s Directors and Senior Managers. The Chief Guest was Dr Soma Edirisinghe – President of EAP Group. Galaxy Landmarks is a fully owned subsidiary of the EAP Group and focuses on the development of cinema and retai

People’s Leasing donates surgical instruments to NHSL

?People’s Leasing & Finance PLC Colpetty branch donated some essential surgical instruments to Accident and Orthopedics unit of the National Hospital of Sri Lanka (NHSL).  

China’s slowing economy: What’s wrong?

AFP: Asian stocks nosedived yesterday, led by sharp falls in Shanghai as concerns mount over the health of China’s economy -- the world’s second largest.

George Soros’ Open Society to start work in Sri Lanka

?The Open Society Foundations, a global philanthropy operating in over 100 countries, recently announced its plans to support work in Sri Lanka. 

Macroprudential policies keeping Asia stable

Before the 2008 global financial crisis, bank monitoring focused primarily on risks to individual institutions, or what are generally referred to as prudential risks.

Rajah Nanayakkara appointed as LOLC Chairman

?Rajah Nanayakkara has been appointed as the Chairman of Lanka Orix Leasing Company PLC (LOLC) with effect from today, the company said in a stock exchange filing.

Time to hope again

The dust is slowly settling down from the ‘lie infested’ political battles and the election frenzy is gradually moving out of flavour. Voting time is over and now begins the hoping time for you, me and the masses. 

Queries underway on foreign firms’ hand in gem mining

The National Gem and Jewellery Authority (NGJA) is currently investigating a harrowing trend of foreign companies engaged in gem mining in Sri Lanka through local third parties.

NSB records Rs. 6 bn 1H profit with 68% growth

?National Savings Bank (NSB) recorded the highest half yearly profits in its history with an impressive Profit Before Tax (PBT) growth of 68 percent as compared to same period last year. 

MATRADE wants to finance Sri Lankan projects

?Malaysia External Trade Development Corporation (MATRADE) says it is ready to work with Sri Lanka in the areas of property development, monorail, railway infrastructure development, port operations, real estate and also constructions of resorts.

CHC Investment buys 31% stake in Taprobane Holdings

CHC Investment (Pvt.) Ltd, an investment vehicle owned by a consortium of investors, yesterday bought a 31 percent stake in Taprobane Holdings PLC.  CHC Investment purchased 310.83 million shares at Rs.5.50 yesterday.

People’s Leasing & Finance excels at SLIM – NASCO 2015

?People’s Leasing & Finance PLC bagged two Gold awards and two Bronze awards under financial products and services category at the 15th SLIM-NASCO awards ceremony held at the Waters Edge, Battaramulla recently.

Sri Lanka delays coalition Cabinet

?AFP: Sri Lanka’s president yesterday reinstated three key ministers in their posts but delayed announcing a full Cabinet after a landmark agreement to form a coalition government.

Fitch affirms Standard Chartered Bank, Sri Lanka branch at ‘AAA(lka)’

Fitch Ratings Lanka has affirmed Standard Chartered Bank, Sri Lanka Branch’s (SCBSL) National Long-Term Rating at ‘AAA(lka)’. The Outlook is Stable.