IFC expert to advise on ‘sustainability-led export growth’ at Economic Summit

?Sri Lanka Economic Summit 2015, the annually held summit of the Ceylon Chamber of Commerce, has lined up an IFC expert and an eminent panel to discuss and advice on how to achieve ‘sustainability-led export growth’.

K. Dharmasiri joins Commercial Bank board

?Veteran banker K.Dharmasiri has been appointed to the board of Sri Lanka’s largest private bank, Commercial Bank of (Ceylon) PLC with effect from July 21m, 2015.

CEYFFA C-Suite Forum: A boost to Sri Lanka’s logistics industry

The Ceylon Freights and Logistics Association (CEYFFA) presents the CEYFFA C-Suite Forum on July 24, 2015, at Hilton Colombo. 

Price impact on our organic rice farming

Developing the organic rice farming sector and ensuring that it makes a significant contribution towards the rice consumption in Sri Lanka is a necessity today. 

Fitch maintains MCSL Financial Services’ long-term rating on ‘Watch Positive’

?Fitch Ratings Lanka has maintained MCSL Financial Services Limited’s (MFSL) National Long-Term Rating of ‘BBB(lka)’ on Rating Watch Positive (RWP) as Fitch expects the merger of MFSL...

Standardization of socket outlets in Sri Lanka

?The Public Utilities Commission of Sri Lanka (PUCSL) in collaboration with the respective stakeholders is planning to implement national standards for socket outlets and extension cords.  

Ceylon Chamber to conduct seminar on “Transfer Pricing Regulation’

?The Ceylon Chamber of Commerce will conduct a seminar in a bid to create awareness on the ‘Transfer pricing regulation and compliance requirements’ that was introduced in 2013.

Colombo Fashion Week introduces Swim with the aim of making Sri Lanka the swimwear capital

Wednesday 22nd  July 2015, Colombo: OLU Tropical Water presents Colombo Fashion Week (CFW) Swim, which aims to launch Sri Lanka as a swimwear hub in Asia and serve as a leading platform for swimwear designers and manufacturers in the region, and beyond. CFW Swim is technically supported by state-of-the-art swimwear manufacturer, Linea Aqua, and will showcase the latest collections of nine Sri Lankan and three international swimwear labels. H

A & E Lanka partners ‘Swim’ by Colombo Fashion Week

American & Efird (A&E) Lanka, a fully owned subsidiary of one of the world’s premier industrial sewing thread manufacturer American & Efird LLC, USA, recently stepped up as a key partner for the upcoming ‘Swim’ by Colombo Fashion Week (CFW) to be held on the 7th and 8th August at Hilton Colombo. Launching for the first ever time in Sri Lanka by CFW, Swim, a season of its own, will continue to be an annual event or r

Govt. seals major IT project deals totaling Rs.4 bn

The new regime has closed tenders for 4 new national IT projects coming under the Information Technology Communication Agency (ICTA), according to an official speaking at summit in Colombo.

Sri Lanka not making enough of the digital aspect of marketing: CIM

The Charted Institute of Marketing (CIM) Board of Trusties Chairman recently pointed out that Sri Lanka is not reaching its full potential in terms of marketing despite possessing marketers with excellent qualifications and skills almost up to the expected standards of CIM.

‘Sampath Saviya’ programme continues to empower MSMEs

?Micro, small and medium-scale entrepreneurs (MSME) are the growing force of Sri Lankan economy. In the colossal endeavour of developing our economy, it is therefore fundamental to support the growth of these MSMEs. 

HSBC Premier partners MasterCard for exclusive Rugby World Cup promo

?HSBC Premier has kicked off an exclusive Rugby World Cup promotion with MasterCard. The promotion offers three lucky winners and their companions the chance to witness the priceless moments of the 2015 Rugby World Cup...

SLIM secures accolades for CIM

?Sri Lanka Institute of Marketing (SLIM) has once again proven its prowess in the marketing arena by being the torchbearer for creating world-class prize winners in its realm.

ADB trims growth forecasts for Asia on slower US, PRC economies

?The Asian Development Bank (ADB) has cut its 2015 growth forecast for Developing Asia to 6.1 percent from 6.3 percent, amidst slower-than-expected economic activity in the United States (US) and the People’s Republic of China (PRC), according to a new report.

SLIM NASCO marks 2015 a record-breaking year

Sri Lanka Institute of Marketing (SLIM) recently concluded the judging process for NASCO 2015 – the premier national event dedicated to recognise, honour and reward sales people in Sri Lanka, amidst record numbers in participation.

UAG recognizes high performers at Annual Awards

?Union Assurance General (UAG), now under the corporate umbrella of Canadian-based Fairfax Financial Holdings, successfully concluded its Annual Awards Ceremony for the year 2014 recently at Waters Edge. 

SLID Chairperson advocates ethical corporate governance

?Sri Lanka Institute of Directors (SLID) Chairperson Shiromal Cooray, ACMA, CGMA, recently shared her thoughts regarding corporate governance, sustainability and how the CIMA qualification adds value to the day-to-day operations of professionals.  

StanChart, Global Payments offer more streamlined instalment payment experiences

?Standard Chartered (StanChart), one of the preferred international retail banks in Sri Lanka, announced an agreement with Global Payments Asia Pacific Lanka (Pvt.) Ltd, the indirect subsidiary of Global Payments Inc...

Ceybank gets new Chairman

?Charith Kamaladasa has assumed duties as the Chairman of Ceybank Asset Management Limited (Ceybank AML), the managers of Ceybank Funds and one of the leading asset management companies in Sri Lanka. 

Saudi-based firm to invest in Sri Lanka free zone

?A leading Saudi-based company is to establish a free zone in the Eastern Province of Sri Lanka with a US $ 1.2 billion investment, news reports from Middle East said.

LCC Managing Director Klaus Henschel to visit Sri Lanka on July 29

?Sri Lanka’s premier hospitality brand Jetwing and Lufthansa City Center (LCC) announced the visit of Klaus Henschel, Managing Director of LCC to the country for the first time from 29th to 31st July. 

Interest rates, inflation to go up, rupee to see steeper fall

The interest rates are expected to go up in the short term as the cash-strapped government is fast absorbing the liquidity through government securities and the inflation too is expected to trend upwards amid higher energy prices...

SLCB re-launches MICE tourism research bulletin after 6 years

Sri Lanka Convention Bureau (SLCB) has re-launched its MICE tourism research bulletin after a lapse of almost six years, which can be benchmarked for future research studies.

Stocks slip for second day; earnings eyed

REUTERS: Sri Lankan stocks edged down yesterday, marking their second straight loss as investors stayed on the sidelines awaiting cues from June-quarter corporate earnings.

Tea Smallholder Factories records losses

Tea Smallholder Factories PLC, a unit of John Keells group, recorded losses for the quarter ended June 30, 2015 following a considerable decline in its top line.

Exports to India: Putting the “free” back into the free trade agreement

?Free trade agreements (FTAs) are expected to reduce trade barriers and facilitate the expansion of trade between the partner countries. Sri Lanka and India entered into an FTA in 1998 and it came into operation in 2000.

Top Hyatt Hotels officials in town

?Top officials from Hyatt Hotels were in Sri Lanka at the invitation of Finance Minister Ravi Karunanayake. The officials were updated about the current status of the Hyatt Regency Hotel in Colpetty. 

Megaprojects: The good, the bad and the better

Infrastructure megaprojects are crucial to the future of cities, states and individual livelihoods. The problem is that these projects often go off the rails, either with regard to budget or time—or both.

Importance of a national employment policy

?Most countries that adopt a framework for strong, sustainable and balanced growth as the instrument for sustainable growth, acknowledge the role of skills development in that framework...