Towards exports of US $ 50bn: Doable or what?

The Prime Minister addressing the Sri Lanka Economic Summit organised by the Ceylon Chamber under the theme ‘Towards exports of US $ 50 billion’ said US $ 50 billion is an achievable target, provided there is a systematic approach to export development. 

EU and UNOPS support Sri Lanka’s first waste collection tracking system in Batticaloa

?Supported by the European Union (EU), the United Nations Office for Project Services (UNOPS) has partnered with Mobitel Sri Lanka to establish a modern tracking system in the Batticaloa District to monitor the waste collection vehicle fleet of the Local Authorities. 

Sri Lanka is witnessing ‘greener development’

With the onset of political stability, Sri Lanka has actively pursued a policy of vigorous industrial and economic growth.

Profood/Propack and Ag-Biz 2015

International Processed Food, Beverage, Packaging & Agricultural Exhibition ‘Profood/pack and Ag-Biz 2015” kicked off at the Sirimavo Bandaranaike Memorial Exhibition Center yesterday. 

Gates richest in tech, as Bezos rises

AFP - Microsoft’s Bill Gates was the unsurprising leader of the first Forbes list of the richest global tech billionaires, while Amazon founder Jeff Bezos saw his personal fortune surge.

Debris find ‘real boost’ to Australian MH370 searchers

AFP - The discovery of a Boeing 777 wing part on a remote Indian Ocean island was a “real boost” to experts scouring treacherous seas for missing plane MH370, Australia’s search chief said yesterday.

Oil prices set to continue multi-week decline

?AFP - Oil prices looked set to continue a multi-week decline in Asian trade yesterday on concerns over a global oversupply of crude and mixed prospects for energy demand.

Rupee steady; state bank dlr sales offset importer demand

?REUTERS - The Sri Lankan rupee traded steady yesterday as a state-run bank, through which the Central Bank usually directs the market, sold dollars at a flat rate of 133.75 despite importer demand for the greenback, dealers said.

Sri Lanka Ports Authority marks 36th anniversary

Sri Lanka Ports Authority (SLPA) celebrated the 36th anniversary recently. A special function was held at the ‘Sri Sambuddajayanthi Chaithya’ premises in commemoration of the event 

Major banks back first luxury apartment development in Kandy

?Developers of Dynasty Residence, GVR Lanka (Pvt.) Ltd funded by the Serendib Investment Group from USA has foreseen these development opportunities and pioneered the first ever integrated development project in Kandy with a Luxury Condominium and a Star-Class Hotel. 

Asia stocks mixed ahead of US jobs data

Asian stocks were mixed yesterday as investors awaited the release of US jobs data, while the Bank of Japan held fire on a fresh round of stimulus.

Microsoft Lumia Wonderland with Mobitel rewards weekly winners

The national mobile service provider Mobitel in partnership with Microsoft rewarded 10 Mobitel and Lumia smartphone customers a range of valuable prizes through the weekly draw. 

Not all accountants confident leaders: CIMA official

?Even though Sri Lanka is blessed with a large number of qualified accountants, not everyone is equipped with the communication and leadership skills required to sell an idea to their bosses and hence fail short of becoming what the corporate sector needs - competent leaders. 

Dialog supports Galle Lit Festival

?Sri Lanka’s premier connectivity provider, Dialog Axiata PLC, has stepped in as the Gold sponsor of the prestigious 2015/2016 Galle Literary Festival.

CA Sri Lanka-qualified Chartered Accountants are known for their integrity world over: FCA Member

Chartered Accountants are well known as a brand of unique and versatile professionals, who are sought after both locally and globally.

Rotaract District 3220 holds 25th Rotaract District Assembly

?Rotaract District 3220 held its 25th Rotaract District Assembly, the highlight of the Rotaract calendar, in grandeur recently at Hotel Ramada, under the theme ‘Together Towards Tomorrow’.

IIT Campus showcases innovation, entrepreneurship and gaming at Cutting Edge 2015

?Students from the Informatics Institute of Technology (IIT Campus) displayed many groundbreaking projects at the Cutting Edge 2015 exhibition organised by the campus this year. 

Over 90 diplomates enter marketing fraternity with CIM Graduation Ceremony

?The Chartered Institute of Marketing recently concluded its 23rd CIM Graduation and Investiture Ceremony at the BMICH, which was attended by over 500 people.

Airtel Lanka shines at SLIM NASCO Awards 2015

Airtel frontline’s strategies and market instincts were commended when  Airtel Sales Team won two awards at the prestigious NASCO Awards 2015  (one of the main events of the Sri Lanka Institute of Marketing  calendar)

Seven top SLIM NASCO awards for Elephant House Beverages sales team

The versatile go-getters of the Elephant House Beverages Sales Team once again showed what they were truly made of, bagging multiple awards, including top accolade, Most Outstanding Sales Executive of the Year (All),

EAP Leisure’s Sapphire and Concord Grand hotels win 19 medals at the Culinary Art Competition 2015

Friday 07th August 2015, Colombo: EAP Leisure’s Sapphire and Concord Grand hotels recently won 19 medals at the prestigious Culinary Art Competition 2015. EAP Leisure strives to be a pioneer in the hospitality industry and is part of the EAP Group. The company secured a total of 2 gold awards, 6 silvers and 11 bronze awards at the event, which was conducted by the Chefs Guild of Sri Lanka. 

Ramani Fernando Salons partners with Colombo Fashion Week Swim

Friday 07th August 2015, Colombo: The Ramani Fernando Salons Catwalk Team will partner with Colombo Fashion Week as the official hair and beauty partner for its inaugural Swim edition. The team at Ramani Fernando Salons prides itself on always being at the forefront of the fashion industry, and will set the hair and beauty trends for the upcoming swimwear season.

Cheap credit boosts DIMO June quarter; profits up over 650%

Diesel & Motor Engineering PLC (DIMO), agents for Germany’s Mercedes Benz and India’s Tata vehicles saw its June quarter (1Q16) net profit surging as much as 655 percent year-on-year (yoy)

S&P affirms ‘B+/B’ ratings on Sri Lanka with Stable outlook

Standard & Poor’s Ratings Services (S&P) yesterday affirmed its ‘B+’ long-term and ‘B’ short-term sovereign credit ratings on Sri Lanka. The outlook remains Stable.

Textured Jersey June net profit up 26%

Weft knit manufacturer Textured Jersey Lanka PLC (TJL) reported a net profit of Rs.206 million for the quarter ended June 30, 2015 (1Q16), up 26 percent year-on-year (yoy).

Extending careers beyond retirement through flexible working

?It is widely known that population ageing is a global phenomenon, with the number of people aged 65 years and above expected to grow significantly across Asia in the coming years and decades. 

LB Finance wins Silver at CMA Excellence in Integrated Reporting Awards

?Financial heavyweight LB Finance PLC took away yet another national accolade when it was conferred the Silver at the CMA Excellence in Integrated Reporting Award presented at the Global Management Accounting Summit. 

Lanka Hospitals 2Q15 June profits soar

State-controlled Lanka Hospitals Corporation PLC saw its net profit for the June quarter (2Q15) increasing to Rs.371.3 million from Rs.211.5 million reported in the corresponding quarter of the previous year.

Japanese Ambassador meets 2015 JDS Scholars

The Government of Japan has finalized 15 prospective public sector officials for the second batch of the second phase under its Japanese Grant Aid for Human Resources Development Scholarship...

With government’s liberal policies, CEPA debate likely to take centre stage

The Chamber of Young Lankan Entrepreneurs (COYLE) called on the government to bring the Comprehensive Economic Partnership Agreement (CEPA) document into the open if it is beneficial to the country as claimed.