National Chamber of Exporters holds its 16th AGM

The National Chamber of Exporters of Sri Lanka (NCE) held its 16th Annual General Meeting on Friday, 26 November 2010 at Hotel Taj Samudra, Colombo.

Sampath Bank and Nivasie Developers partner for home financing

Nivasie Developers - a leading name in the housing development industry of Sri Lanka came together with the financing giant Sampath Bank recently to offer easy, flexible and affordable home financing solutions to their customers.

NDB Bank and Sampath Bank in ATM network partnership

NDB Bank, one of Sri Lanka's fastest growing banks, join hands with the Nation's Legendary Banking Services provider, Sampath Bank to form an enhanced ATM network spread across the island. 

Bourse Ended In the Red - 06th Dec 2010

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Marginal Recovery… 03rd Dec 2010

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Foreigners in action.. 2nd Dec 2010

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Don Carolis celebrates 150 years in business

Don Carolis and Sons  Limited ,  a household   name in the country's furniture  industry commemorated  its 150 years in business on Tuesday at its show room at Vauxhall  Street Colombo.

Upside Continues…01 Dec 2010

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SEC Directive makes the Bourse Zealous - 30th Nov 2010

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ODEL unveils new-look online store

Shoppers who prefer not to let their feet do the walking can now enjoy even more fun, and extra personalised, convenient and secure online shopping from the comfort of their homes or offices with the recent revamping of the official ODEL website.

Colombo Bourse Opened the Week in Red – TKS Securities (Pvt) Ltd - 29/11/2010

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airtel unveils its new global identity in Sri Lanka

Bharti airtel Lanka, a subsidiary of Bharti airtel, a leading global telecommunications company with operations in 19 countries across Asia and Africa, today unveiled its new global identity in Sri Lanka, following the successful international campaign that commenced in India recently.

Market Ended in the Green – 24 / 11 / 2010

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Palm oil outlook positive in Asia

The vegetable oil industry has witnessed significant growth over the past few years on account of a growing population as well as the rising demand for alternative energy sources. Among the various types of vegetable oil, palm oil (including palm kernel) accounted for the largest share of the global production in 2009, followed by soybean and rapeseed oil.

Business sector lauds "highly favourable" budget

With a "highly favourable" long term set of Budget proposals, the National Chamber of Commerce (NCCSL) yesterday said Budget 2011 was acceptable as it provided relief and incentives for future development.

Facilitating foreign exchange

In line with the 2011 Budget proposals that were presented on Monday, the Central Bank yesterday announced a nine point foreign exchange regulations relaxation, for the first time allowing foreign investors to invest in private company bonds and Sri Lankan companies to invest abroad.

Market Continued to Dip – 23/11/2010

The All Share Price Index dipped 61.6 points to close at 6,454.2 points (-1.0%), whilst the Milanka Price Index also dipped 97.5 points to close at 6,980.4 points (-1.4%).

Colombo Bourse ended the day on a negative note…. 22nd November 2010

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Honouring local contributions to ICT possible due to President: Lalith Weeratunga

President's Secretary Lalith Weeratunga delivering his address as the Guest of Honour at e-Swabhimani 2010

WALTRIM: A unique ultra modern tea processing facility

Tea processing is still considered an art, as distinct from a science and several critical judgments are left to the subjective decisions of factory staff. Another weakness in tea plantation management is between field and factory technology, where the emphasis has overwhelmingly been in respect of the former.

Jaliya promotes SriLankan Airlines among US tourists

More than 160 guests filled the official residence of Sri Lankan Ambassador Jaliya Wickramasuriya to enjoy an evening of Sri Lankan dance, music and food during a reception to boost tourism in Sri Lanka.

Stock market bounces back

COLOMBO (Reuters) - Sri Lanka's benchmark share index recovered on Thursday from a two-month low as investors took positions ahead of the 2011 budget due on Monday.

Sri Lanka must prepare now to deal with climate change impacts - ADB

COLOMBO SRI LANKA (18 November) - The Sri Lankan Ministry of Environment with assistance of the Asian Development Bank (ADB) on Tuesday unveiled a draft National Climate Change Adaptation Strategy that should help the South Asian nation meet and overcome the massive challenge of climate change.

Emirates voted top air cargo carrier

Emirates SkyCargo has been named Air Cargo Carrier of the Year at the 2010 IFW Awards.  The cargo division of Emirates Airline beat off competition from five other carriers including British Airways, Lufthansa and American Airlines to win the award, which is voted for by the readers of the online cargo journal International Freighting Weekly.

A basic understanding of air conditioning and refrigeration

In warm countries such as Sri Lanka, the very mention of the word air conditioning brings to mind a cool and comfortable environment. However, in cold climates, air conditioning could mean the heating of the environment to a comfortable level.

Top stationery brand Camlin joins the World of Hayleys

The World of Hayleys has entered into a new realm of colour and creativity in partnership with India's most recognised stationery and art brand, Camlin.

Record demand for Laugfs IPO

The spirited Laugfs Gas' Rs. 2.5 billion-Initial Public Offering (IPO) has ignited a record demand with applications worth Rs. 42.3 billion received reflecting a near 17 times oversubscription. The Company said that the number of applications at over 64,000 was a record for any IPO whilst the final accepted number excluding rejects was 59,011.

SL Peace Collection brand can bring in Rs. 1b in exports

The highlight from a business sense was the one to one discussions that were staged at the Sri Lanka Designer Festival 2010 between Small and Medium apparel companies/apparel brands and prospective retailer globally.

Fonterra signs MOU with IFFCO on dairy farm in India

Fonterra Co-operative Group, the Indian Farmers Fertiliser Co-operative (IFFCO) and Global Dairy Health recently signed a Memorandum of Understanding to jointly conduct a feasibility study into a pilot dairy farm in India as a first step towards the vision of establishing large-scale world-class dairy farms in India.

Launch of MTI Market Research in Sri Lanka

Having managed the market research practice as part of their mainstream consulting business, MTI has formally spun-off and launched MTI Market Research (www.mtimarketresearch.com) and has on board an experienced panel of associates with extensive market research experience in Sri Lanka, augmented by MTI in India.