Global and local outlook on chrysotile fibre cement roofing sheets

Asbestos is in fact a set of six naturally occurring silicate minerals, which comes under two contrasting groups, Serpentine and Amphibole. Serpentine group consists of only chrysotile, while amphibole group comprises crocidolite, amosite, anthophyllite, tremolite, and actinolite. While other varieties of asbestos have ceased to exist in the commercial world, chrysotile continues to be used by 150 countries across the world including the USA, and

Watawala Plantations sees fall in profits; but remains confident of palm oil, dairy sectors

Watawala Plantations PLC (WATA) reported subdued financial performance for its most recent quarter, as the group which specialises in palm oil, suffered a setback in both top and bottom lines while the start-up losses of the group’s dairy business erased further profits.  Releasing the first interim results after it spun off the group’s upcountry tea business, WATA reported earnings of 85 cents per 

Bangladesh to sue Manila bank over US $81mn heist

DHAKA (REUTERS): Bangladesh’s Central Bank will file a lawsuit against a Philippines bank over its role in one of the world’s biggest cyber-heists two years ago, a deputy governor said on Wednesday.

Higher raw material costs dim SL’s largest poultry firm’s Dec. profits

Sri Lanka’s largest poultry operator, Ceylon Grain Elevators PLC (GRAN), reported weaker financial performance during the December quarter as the rise in production costs surpassed the virtually flat growth in the top line. 

Higher raw material costs dim SL’s largest poultry firm’s Dec. profits

Sri Lanka’s largest poultry operator, Ceylon Grain Elevators PLC (GRAN), reported weaker financial performance during the December quarter as the rise in production costs surpassed the virtually flat growth in the top line. 

Stocks rise to 3-mth high on foreign buying

REUTERS: Sri Lankan shares rose to their highest close in three months yesterday as foreign investors picked up blue chip stocks such as conglomerate John Keells Holdings Plc. 

Tess Agro announces rights issue to settle bank borrowings

Fisheries products exporter Tess Agro on Wednesday disclosed plans to raise Rs.59 million via a rights issue.

SL-S’pore FTA sparks investment interest among NZ firms

The recently signed Sri Lanka-Singapore Free Trade Agreement has been able to create a lot of enthusiasm among New Zealand companies operating in Singapore, India and Middle East to look for opportunities in investing in Sri Lanka, Sri Lanka-Australia-New Zealand Business Council (SLANZBC) said. 

Change likely in tax liability of foreigners on govt. securities

The government is likely to exempt the income tax liability on interest or discount paid to non-residents on rupee-denominated sovereign bonds, under the new Inland Revenue Act.

Web-based single window for biz registration from this April

A Memorandum of Understanding (MOU) has been signed between the Department of the Registrar of Companies and the Department of Labour to share information between the two departments for the establishment of a web-based single window for business registration.

She’s Mercedes: DIMO hosts an evening of indulgence exclusively for ladies

The brilliant canvas behind the idea that the power of inspired minds can effect excellence, She’s Mercedes,

Acting CEO Abdulaziz Al-Raisi celebrates the inauguration of Oman Air’s new Boeing 737 MAX

“This is a very exciting day for us as we take delivery of the first of our 30 Boeing MAX aircraft on order. 

Bileetateamed up with SLT for SaaS on ‘akaza’ Cloud and reselling partnership

Sri Lanka’s leading world class enterprise solutions provider and the licensed national backbone network operator, Sri Lanka 

SLIM Nielsen People’s Awards – Awarding the Choice of the People

In 2006 two giants in Sri Lanka’s Marketing sector came together to initiate the only awards programme i

Botanik Live - where art collaborates with food and space at Botanik

The hottest bistro in town, Botanik, injects new life into dining out with Botanik Live, an event where art collaborates with food and space

Samsung leads market as Sri Lanka No.01

Reiterating its position as world’s number one smartphone, Samsung is confident in maintaining a majority of market share 

Fitch maintains ‘B+’ rating on Sri Lanka; outlook ‘Stable’

Fitch Ratings has maintained Sri Lanka’s ‘B+’ rating with a ‘Stable’ outlook.

Sri Lanka sees strong growth in tourist arrivals in January

The Sri Lankan tourism industry got off to a strong start in 2018, with 246,972 tourists arriving in the country in January, recording a 12.6 percent growth over the corresponding period in 2017.

Sri Lanka among core markets for Tundra Sustainable Frontier Fund

The Sweden-based global asset management company, Tundra Fonder’s Tundra Sustainable Frontier Fund, has identified Sri Lanka as a core market and is planning to hold an investor forum in Colombo this March. 

British Prime Minister appoints trade envoy for Sri Lanka

British Prime Minister Theresa May has appointed Ranil Jayawardena, MP, as her trade envoy for Sri Lanka. 

Rupee firms in dull trade

REUTERS: The Sri Lankan rupee slightly firmed yesterday from a record low close as some exporters sold dollars, dealers said.

Stocks end marginally lower ahead of polls

REUTERS: Sri Lankan shares ended lower for a second straight session yesterday as investors sold blue-chip stocks such as John Keells Holdings PLC ahead of the local government polls over the weekend.

Public servants to receive training under NHRDC-AIM tie-up

The National Human Resource Development Council of Sri Lanka (NHRDC) and the Asian Institute of Management (AIM) Philippines, held discussions on a tie up for knowledge sharing and collaboration to address challenges faced by the public sector. Areas include executive management courses in strategic planing, project management and managing results.  

SLCMDI appoints new committee at third AGM

The Sri Lanka Chamber of Medical Devices Industry (SLCMDI) appointed its new committee for 2018 at the third Annual General Meeting held at Cinnamon Grand Colombo recently.

Fresh taste of Mentos now manufactured in Sri Lanka

Perfetti Van Melle (PVM) Sri Lanka recently announced that they are commencing local manufacturing of its much loved brand ‘Mentos’ for the first time in Sri Lanka, enabling them to offer consumers a wider range of products under the Mentos brand at affordable prices. 

Putting nation on track to economic independence

Recently, Sri Lanka celebrated the 70th Independence Day ceremoniously, giving some opportunities for the rulers as well as citizens to look back and rectify certain issues pertaining to development. Sri Lanka, like its other Asian counterparts, was conquered by invaders, mainly due to geographical importance, which even today we have not been able to properly harness. Political independence, which the nation could gain, then means the Sri Lankan

Sri Lanka’s economic competitiveness: A microcosm of its politics?

In 2017, Sri Lanka’s country score in the Global Competitiveness Index (GCI) declined to 4.09 out of 7. This is the lowest score Sri Lanka has received since 2010. Sri Lanka’s ranking in 2017 also declined to 85th out of 137. This is the lowest that Sri Lanka has been ranked since being included in the GCI in 2001.

Lanka Hospitals offers special fixed rates for cardiac bypass surgeries

Lanka Hospitals PLC, internationally accredited healthcare provider in the forefront of medical industry, is offering a special fixed rates for Cardiac Bypass Surgeries for the first time in Sri Lanka. In collaboration with the National Insurance Trust Fund’s (NITF) Agrahara Insurance scheme, which exclusively caters to the government employees in Sri Lanka, Lanka Hospitals will be facilitating affordable flat rates for Agrahara beneficiari

Ceylon Chamber organizes seminar on SL-S’pore FTA

In light of the new Free Trade Agreement (FTA) signed last month, which is the first FTA Sri Lanka has signed in over a decade, the Ceylon Chamber of Commerce will hold a seminar titled ‘Expand your business opportunities through Sri Lanka-Singapore FTA”, on 16th February. 

HNB transforms employee experience with hSenid

Hatton National Bank, Sri Lanka’s most innovative bank, partners with hSenid to transform HR service delivery and employee experience.