People’s Insurance re-launches brand logo

People’s Insurance PLC announced the relaunch of its insurance brand recently. Backed by its parent companies – the People’s Bank and the People’s Leasing Finance PLC – the People’s Insurance has shown tremendous growth over the years providing innovative solutions to the nation, built on a solid foundation of utmost trust and care.

LVL Energy Fund, forefront in Sri Lanka’s energy industry

A subsidiary of Lanka Ventures, leading Sri Lankan venture capital company, LVL Energy Fund is a limited liability company that invests in renewable and thermal power projects across Sri Lanka and beyond.

JLanka boosts renewable energy transformation with future proof solutions at Techno 2017

Keeping true to their promise of pioneering renewable energy trends in Sri Lanka, JLanka Technologies unveiled some eagerly anticipated products and technologies at Techno 2017.

Amendments to Motor Traffic Act set insurance industry back decades

Sri Lanka’s insurance industry stakeholders have warned that the amendments to the Motor Traffic Act, which were passed in parliament last month, in relation to mandatory police reports on accidents, risk setting the insurance industry back decades.

Labour law reforms to improve female participation: Harsha

Sri Lanka’s labour laws and policies will be amended to enhance female labour force participation in the economy, according to National Policies and Economic Affairs Deputy Minister Dr. Harsha de Silva.

CEB gets US $ 200mn ADB loan for 100MW wind park

The Asian Development Bank’s (ADB) board of directors has approved a loan of US $200 million with sovereign guarantee for Ceylon Electricity Board (CEB) to develop Sri Lanka’s first 100-megawatt wind park.

SriLankan launches daily direct flights to Melbourne

SriLankan Airlines took yet another decisive step forward in extending its route network with the launch of daily non-stop services to Melbourne yesterday (Oct. 29th).

Amazon CEO Jeff Bezos becomes world’s richest person

Variety.com: Jeff Bezos has again claimed the No. 1 spot on the list of the world’s wealthiest individuals, after Amazon investors pushed the stock up more than 11 percent on last week’s strong third-quarter earnings report.

Axiata’s digital VC arm to set up US $ 15mn fund for Sri Lanka

Malaysian telecom major Axiata, the parent of Sri Lanka’s Dialog Axiata, is set to launch a venture capital fund for Sri Lanka to stimulate the ecosystem around technology-based innovation and wealth creation in the country.

Qatar-SL trade talks open today in Colombo

Within four days of a Presidential level delegation from Sri Lanka successfully wrapping up its bilateral work in Doha, the State of Qatar is despatching an official delegation led by an influential Qatari Minister to Colombo to move bilateral trade actions forward. Qatari Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohamed al-Thani will be leading his 20-man delegation to Colombo for the second Joint Committee Meeting between bo

Let market forces to modernize agriculture, industry: PM

Sri Lanka’s top policy markers recently outlined the need to open the country’s agriculture and industry sectors to market forces in order to enhance the economy’s competitiveness and reorganize labour markets.

Export-quality footwear manufacturer Lakpa sends off 150th shipment

Leading footwear manufacturer Lakpa Shoes (Pvt.) Ltd’s 150th container-load left Sri Lankan shores recently.

Hayleys Engineering unveils state-of-the art customer experience center

Hayleys Engineering recently unveiled Sri Lanka’s first ever Engineering Experience Center that provides engineers, consultants and clients the opportunity to experience latest technology and technology yet to come to Sri Lanka.

MAC wins big at NCE awards and Presidential Export Awards

MAC Supply Chain Solutions Private Limited, a fully owned subsidiary of MAC Holdings Private Limited was accoladed at the NCE Export Awards and Presidential Export Awards.

Navin Dissanayake visits Israel’s WATEC exhibition

Plantation Industry Minister Navin Dissanayake visited the WATEC exhibition in Israel to find new and practical technology solutions to support the plantation industry to pertain the momentum of the harvest and to support the tea small-holders by introducing new water technologies to gain a consistent income during droughts.

Samsung’s AddWash range to be launched in Sri Lankan market

Samsung Sri Lanka announces that Samsung’s award winning AddWash front loading washing machine range is soon to be launched in Sri Lanka.

Surplus.lk offers unique platform dedicated engineering sector needs

Surplus.lk, Sri Lanka’s newest online platform dedicated to the needs of buyers and sellers in the engineering sector was recently launched.

Avissawella Tea Factory achieves an equal all time record price

At last week’s tea auction held on 25th October, 2017 an invoice of OP1 from Avissawella Tea Factory selling under the Sithaka Mark secured an equal all time Colombo Tea Auction Record price of Rs.1, 350 per kg in the Low Grown Category. 

September tea output jumps

A tea worker drops tea leafs after plucking at a tea state in Nuwara Eliya, Sri Lanka October 28. Sri Lanka’s tea output jumped 27.6 percent due to good weather in September and a lower base last year, the state-run Tea Board said.

Sadaharitha Plantations encourages children to grow forests on Children’s Day

Children’s Day was celebrated at the beginning of October across the world in various ways but perhaps the best way a parent or a grandparent can mark the day in a meaningful manner is to give a child a gift that grows and safeguards the environment as well.

Capital Maharaja reaps benefits of implementing SAP in tea industry

After implementing SAP, the world’s premier Enterprise Resource Planning (ERP) tool, across its group of companies in 2012, the Capital Maharaja Organisation Ltd recently became the first to implement SAP within the tea industry.

‘Lankapak 2017’ packaging exhibition kicks off

Lankapak 2017, Sri Lanka’s only dedicated packaging exhibition, organised by the Sri Lanka Institute of Packaging, set to be a three-day event, was launched yesterday at the BMICH, with the exhibitors launching new products and services to the packaging industry.

Twitter says it could turn first-ever profit, shares surge

REUTERS: Twitter Inc. said on Thursday it may become profitable for the first time next quarter after slashing expenses over the past year and ramping up deals to sell its data to other companies, which could help to break its reliance on advertising for revenue. 

Misconception on functionalities of WTO trade remedies could tax private sector: Commerce Dept.

The Commerce Department this week pointed out that revolving around the World Trade Organisation (WTO) trade remedies are a number of misconceptions that could tax the private sector greatly, if it fails to understand the tools.

Sri Lanka aims to expand presence in Qatar

  Sri Lanka is aiming to expand its presence in Qatar, Industry and Commerce Minister Rishad Bathiudeen said.

Shares end lower; retreat from near 3-mth high

REUTERS: Sri Lankan shares fell in thin trade yesterday, as the market took a breather after hitting a near three-month high in the previous session, with foreign investors net selling equities ahead of the national budget.

Rupee gains on remittances, exporter dollar sales

REUTERS: The Sri Lankan rupee closed higher yesterday as late exporter dollar conversions and remittances surpassed demand from importers for the greenback, dealers said.

Average Lankan estate resident debt-ridden, possibly malnourished in 2016: survey

Sri Lanka’s estate sector residents on average were in debt last year and possibly malnourished, spending more than they were earning mostly on non-food expenditure, according to the Household Income and Expenditure Survey (HIES) 2016 of the Census and Statistics Department.

Oil markets tighten; Brent approaches US $ 60 per barrel

Oil prices held steady yesterday, with Brent crude hovering near US $ 60 a barrel, buoyed by comments from Saudi Arabia’s Crown Prince backing the extension of OPEC-led output cuts. International benchmark Brent crude futures LCOc1 were up 3 cents, or 0.05 percent, at US $ 59.33 a barrel at 0648 GMT.

Crysbro sponsors Sri Lanka Housewives’ Association 59th AGM

The Crysbro Group well-known for quality, freshness and innovation in breeding and processing of chicken in Sri Lanka for over four decades  will take the initiative of sponsoring Sri Lanka Housewives’ Association in the landmark year 2018 where the association will be celebrating its Diamond Jubilee. Crysbro, the number one choice of Lankan housewives also was the main sponsor of the 59th AGM of Sri Lanka Housewives’ Association