Eminent South Asian speakers to address CRMC 2017

The Institute of Certified Professional Managers (CPM) will be organising CPM Regional Management Conference 2017 (CRMC 2017) in collaboration with the Association of Management Development Institutions in South Asia (AMDISA), on September 26 and 27, 2017, at the BMICH.

IPM Sri Lanka elects new council for 2017/18 at AGM

IPM Sri Lanka, the nation’s leading professional body for human resource management, elected its new council to formulate strategies and carry forward its exemplary achievements into the year 2017/18 and beyond at the annual general meeting (AGM) held at Waters’ Edge recently.

A leader is only as good as team he surrounds himself with

Lee Iococca, one of the greatest American CEOs of all time, said, “The speed of the boss is the speed of the team.”  He is absolutely right. 

Millennium Housing successfully completes ‘The Heights Edmonton’

Millennium Housing Developers PLC (MHDL), Sri Lanka’s leading township developer, recently announced the successful completion of its inaugural  high rise development ‘The  Heights Edmonton’.

Colombo Property Show concludes on high note

The inaugural Colombo Property Show was held in grand style and concluded successfully during the last weekend 9th and 10th of September, at the Berjaya Colombo Hotel. 

JLL calls for re-evaluation of regulatory and legal mechanisms for introduction of REITs

Global real-estate consulting powerhouse Jones Lang LaSalle (JLL) called for a re-evaluation of the regulatory and legal mechanisms around Real Estate Investment Trusts (REITs) as a vital first step towards their introduction into the domestic market.

Economy grows 4.0% in 2Q, 3.9% in first half

Sri Lanka’s economy showed some level of resilience during the second quarter (2Q17) as it weathered substantial natural and self-inflicted woes during the period to grow at a modest yet a respectable pace. 

Lankan-born venture capitalist raises US $ 600mn in IPO for tech investments

Sri Lankan-born Chamath Palihapitiya, the founder of the venture-capital firm Social Capital, has launched a new ‘blank-check’ company named Social Capital Hedosphia with London-based venture capital firm Hedosphia and has raised US $ 600 million in its initial public offering 

LIRNEasia chief calls govt. to utilize Universal Service Fund for intended purpose

The head of an ICT policy think tank last week called on the Sri Lankan government to mobilize over US$ 350 million collected under the Universal Service Fund for its intended purpose of improving digital connectivity for all citizens.

Manufacturing activity records marginal gain in August

Sri Lanka’s economic activity in the manufacturing and services sectors improved marginally this August compared to a month ago, although expectations of future activity was high, according to the SL Purchasing Managers’ Index (PMI) maintained by the Central Bank.

EU ministers make push for Google, Facebook tax

AFP: Google and Facebook may face higher tax bills in Europe as the EU rushed this weekend to change rules so that more of Silicon Valley’s mega profits fall into public coffers.

New IR Act: Fine example of collaborative approach to policy making, says Ceylon Chamber

The Ceylon Chamber of Commerce (CCC) has congratulated the Finance Ministry on the successful passing of new Inland Revenue Bill in parliament, saying that it was a fine example of collaborative approach to policymaking.

PM says targeting economic leap even bigger than 1977 free market reforms

Prime Minister Ranil Wickremesinghe is eyeing to create an even bigger legacy than his uncle, the late President J.  R.  Jayewardene, with an economic leap even bigger than of Jayewardene’s 1977 free market reforms.  

Three leading companies onboard as Gold Sponsors for 38th NCCA

Three of the country’s leading companies, Citizens Development Business Finance PLC (CDB), First Capital Holdings PLC and Softlogic Life PLC recently came onboard as gold sponsors for the 38th National Conference of Chartered Accountants (NCCA) organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka).

World’s biggest book sale in SL for first time

The Big Bad Wolf Book Sale will be in Sri Lanka from the 5th to 15th October and will be held at the Sri Lanka Exhibition and Convention Centre (SLECC). 

Kantar unveils SL’s top 10 FMCG brands based on LMRB Household Panel

The latest Brand Footprint Study by Kantar World panel is now launched, recognizing the top 10 FMCG brands on the basis of 12 month performance based on Kantar LMRB Household Panel, the iconic study which monitors consumer purchase behavior of FMCG brands brought into the home.

Indonesian Ambassador at National Chamber of Commerce

Indonesian Ambassador to Sri Lanka Gusti Ngurah Ardiyasa will be the Special Guest Speaker on ‘Bilateral Trade Between Sri Lanka and Indonesia’ on Tuesday 26 September, at the National Chamber of Commerce, from 3:00p.m. to 4:30p.m.

Hassle-free commuting for bookaholics from PickMe at CIBF ’17

For the third consecutive year, homegrown taxi hailing service PickMe will be rolling out a special transport plan for those visiting the Colombo international Book Fair (CBIF) from 15th to 24th September at the BMICH.

A Taste of Authentic Korean Cuisine at Hilton Colombo

Take a walk through yet another country of the world at GRAZE KITCHEN as we bring Korea to you from the 20th September to 1st October 2017, presenting two of our guest chefs from Hilton 

Advantis Projects Leverages Expertise to Improve National Transport Infrastructure

Transportation has always played an important role in the prosperity of a nation. As Sri Lanka takes its first steps onto the world stage with a focus on ambitious economic goals, a solid transportation 

Real Estate Investment Trusts (REITs) hold the potential to drive growth

Global real-estate consulting powerhouse Jones Lang LaSalle (JLL) called for a re-evaluation of the regulatory and legal mechanisms around Real Estate Investment Trusts (REITs) as a vital first step 

Thehan Wijemanne enters ATF semifinals in Malaysia

Thehan Wijemanne entered the semifinals in both Singles and doubles in the 12th Sarawak ATF 14 and Under series at the Sarawak Lawn Tennis Centre.  In the pre-quarter final Thehan overcame 

Sri Lanka’s BOI celebrates 40 years of investment

In celebration of The Board of Investment of Sri Lanka, the country’s central facilitation point for investors, stepping into its 40th year, a ceremony was held at the Katunayake Export Processing Zone. 

Virat Kohli visits Puma Store to launch brand-new Net-Fit collection

A pedestrian walking past DSI’s Puma Store in Bambalapitiya on September 5 would have been in for a sensational surprise. Joining in the celebration of the launch of the new Net-Fit collection by Puma was none other than the brand’s ambassador and Indian Cricket Captain, Virat Kohli. 

France’s Le Maire promotes French ‘budget cuts’ to eurozone partners

AFP:  French Finance Minister Bruno Le Maire firmly defended France’s pro-business reforms to eurozone ministers yesterday that he said would put France back on track in Europe. 

MTI idea2fund’s Bakamuna featured at AOD’s Design Sense

Chief Bakamuna/CEO Rochelle Bibile presented a design talk at AOD’s Design Sense recently at the AOD International Design Campus.

Colombo International Book Fair

The Colombo International Book Fair 2017 was opened by President Maithripala Sirisena at the Bandaranaike Memorial International Conference Hall (BMICH) yesterday. Organizers, Sri Lanka Book Publishers Association said there will be around 300 – 400 local and foreign book stalls, and the fair 

Climate change aggravates global hunger: UN

AFP: Hunger is on the increase across the globe once again after a decade of declines, a UN report said yesterday, thanks in part to climate change aggravating severe weather and conflicts. 

Ceylinco Life’s ‘Family Savari’ declares Rome as grand prize destination

The biggest has just got even bigger, with Ceylinco Life announcing that the beneficiaries of its ‘Family Savari’ mega promotion will almost double with the 2017 edition, the 11th in the series.

Hayleys group in historic acquisition of Singer Sri Lanka for Rs. 10.9 bn

Hayleys PLC and its subsidiaries announced the purchase of 61.73 percent of shares of Singer (Sri Lanka) PLC, for a consideration of Rs. 10.9 billion, making it the single largest acquisition for a listed company in Sri Lanka in recent times.