Colombo Dockyard lays keel for largest ever ship to be built in Sri Lanka

Colombo Dockyard PLC (DOCK), a subsidiary of Japan’s Onomichi Dockyard Company Limited, yesterday began the construction of the largest ship to ever be built in Sri Lanka on a US $ 53 million contract for Japan’s Kokusai Cable Ship Co. Ltd (KCS).

Stax presents investment possibilities in Sri Lanka to Singapore Water Association

Stax Inc., a global strategy consulting firm, has been working in collaboration with International Enterprise Singapore (IE) for over two years to inform Singaporean companies and investors on investment opportunities in Sri Lanka. 

ABAF 2017 to feature top speakers from 10 countries

Next month’s Asian Business Angel Forum (ABAF) 2017 will feature prominent international speakers from Silicon Valley (USA), Australia, the UK, Hong Kong, China, Korea, Israel, India, Malaysia, Singapore, Pakistan and Bangladesh. 

COYLE Sampath Bank Chairman’s Forum to focus on futuristic entrepreneurs

For the fourth consecutive year, the Chamber of Young Lankan Entrepreneurs (COYLE) will be hosting the much-awaited Chairman’s Forum on September 26.

Ex-Thai Deputy PM to deliver keynote at Sri Lanka Retail Forum

Thailand Central Pattana Honorary Chairperson and former Deputy Prime Minister Dr. Supachai Panichpakdi will deliver the keynote address at the Sri Lanka Retail Forum to be held on September 13, 2017, in Colombo.

Amãna Takaful Life ‘Annual Awards’ celebrates its achievers for 2016

Amãna Takaful Life which has continually grown and expanded to make a significant mark in the insurance industry in Sri Lankahosted their awards ceremony for the year 2017 on a high note,

CBL’s Convenience Foods achieves OHSAS 18001 certification

Convenience Foods (Lanka) PLC, a subsidiary of Ceylon Biscuits Limited (CBL), the pioneer in manufacturing and marketing Lankasoy, the market leader for soya-based products in Sri Lanka, was awarded the OHSAS 18001 certification for Occupational Health and Safety Management System, by Sri Lanka Standards Institution (SLSI) recently.

LIC of India Chairman visits Colombo

LIC of India Chairman and LIC (Lanka) Ltd Chairman V.K. Sharma accompanied by LIC of India MD and LIC (Lanka) Ltd Director Hemant Bhargava are in Colombo to attend the 50th Board Meeting of LIC (Lanka) Ltd, a milestone event in the progress of the company.

Delegates from Assam join hands with Sadaharitha to benefit from agarwood

A distinguish delegation from All Sanchi (Agar) Growers’ Association of Assam (ASGAA) have  visited Sri Lanka recently, to strengthen the bilateral partnership with Sadaharitha Plantations in a joint expedition to share best practices in growing and marketing this unique species of trees and its value-added products.   

3W Group celebrates 20 years of driving change

The 3W group (Third Wave Group), is celebrating 20 years driving innovation and change in the corporate and retail sectors in Sri Lanka and the region.

CBL’s Convenience Foods (Lanka) PLC achieves OHSAS 18001 certification

Convenience Foods (Lanka) PLC, a subsidiary of Ceylon Biscuits Limited (CBL), the pioneer in manufacturing and marketing Lankasoy, the market leader for soya based products in Sri Lanka,

SAW Engineering emerges victorious at CNCI Achiever Awards

With over a decade of proven, evolving experiences and innovation both locally and internationally in the engineering sector, having won many prestigious accolades and titles, SAW Engineering yet again clinched the National Gold Award in the Extra-Large Category - Service Sector and the Top Ten Achievers National Award (Special Awards Category) at Achievers Awards 2017.

Janashakthi Insurance Partners CIMA Business Leaders Summit 2017

Leading insurance provider Janashakthi Insurance PLC announced its partnership with the Chartered Institute of Management Accountants (CIMA) Sri Lanka on the CIMA Business Leaders Summit

FTA talks steaming ahead: Malik

Sri Lanka has completed five rounds of negotiations with both India and Singapore on the respective trade pacts, as part of the country’s efforts to become a hub in the Indian Ocean, Development Strategies and International Trade Minister Malik Samarawickrama said.

Ceylon Biscuit sheds direct holding in Lanka Soy in group restructuring exercise

In what appears to be part of a group restructuring exercise, Ceylon Biscuits Limited, widely known as CBL, sold its direct holding in Convenience Foods Lanka PLC, one of its subsidiaries, and listed it under the CBL group’s investment holding company. 

Colombo Fort Land plans aggressive cost cuts to make profits

The Colombo Fort Land & Building Company PLC (CFLB), which controls a diversified range of business interests, said that it would be cutting costs and in extreme cases divesting subsidiaries, in order to overcome the deteriorating climatic conditions and increased tax burdens.

Shares hit 4-1/2-month closing low

REUTERS: Sri Lankan shares closed at their lowest in more than four months yesterday, with foreign investors selling risky assets in lacklustre trade, while the daily turnover got a boost from block trades. The Colombo stock index resumed trade after a holiday, ended down 0.38 percent at 6,361.03, its lowest close since April 17.

Lankan brush maker in own-brand push to Southeast Asia

At a time when even the century-old indigenous industries are failing to build the local brands competing with global giants, a Sri Lankan brushwear maker is slowly making inroads into the global market with its own branded products.    

Sierra Cables in Rs.120mn storage expansion drive

Sierra Cables PLC, which is currently in an expansion mode, will be investing Rs.120 million on new storage facilities to meet the expected local and export demand, according to the firm’s latest annual report.

Veteran perspectives on replanting, glyphosate and 150 years of Ceylon Tea

It has been over 150 years since Sri Lanka witnessed the establishment of its very first tea plantations and while the crop and the island have since become synonymous with one another, today Sri Lanka’s tea industry faces challenges on an unprecedented scale. 

Huawei partners JIT and donates school supplies to Deniyaya children

Huawei, a leading global information and communications technology (ICT) company joined hands once again with the Just In Time Group (JIT), a Sri Lankan owned ICT Systems Integration Company to initiate a Corporate Social Responsibility (CSR) activity in Deniyaya. 

Promoting greater trade and investment among SAARC nations!

SAARC Chamber of Commerce and Industry President Suraj Vadiya presents a memento to Prime Minister Ranil Wickremesinghe at the inauguration of the SAARC Investment Forum held to promote greater trade and investment cooperation among SAARC countries, in Colombo yesterday. 

Virtusa named ‘Most Innovative Technology Company of the Year’

Virtusa Corporation, a global business consulting and IT outsourcing company that accelerates business outcomes for its clients, announced that it has been awarded three Stevie Award 

ComBank introduces promo for credit cardholders

The Commercial Bank of Ceylon will wipe out up to Rs 3 million in credit cards spends over the next three months in an exciting new promotion that invites cardholders to ‘spend more and win more.’ Additionally, three credit card holders will each win a Samsung Galaxy S8 smartphone every month in September, October and November under this promotion.

NTB empowers Colombo University undergrads

Nations Trust Bank together with the University of Colombo Alumni Association has commenced a three-year engagement to conduct Personal Effectiveness Workshops for undergraduates of the University of Colombo.

Amadeus Lanka plans to achieve 65% market share by 2024

Amadeus Lanka, a pioneer in implementing systems and software solutions for simplified travel management recently celebrated 20 years of operations in Sri Lanka with an event where fraternities from the travel and tourism industry were also present. 

Sri Lankan insurance fraternity celebrates National Insurance Day

The 1st of September saw the entire insurance industry of Sri Lanka celebrate a day dedicated solely to their profession. 

Ceylinco General Insurance 2Q PAT up 286%

Ceylinco General Insurance Ltd., announced excellent results for the period ended June 2017, indicative of yet another outstanding year of growth.

Office 2017 exhibition to begin on September 29

An exclusive exhibition on complete workplace solutions, ‘Office 2017’ has been scheduled to commence on the 29th, 30th September to 1stOctober at the Sirimavo Bandaranaike Memorial Exhibition Centre in Colombo.

PwC Sri Lanka launches Oracle Cloud app to revolutionize and transform businesses

In an effort aimed at helping business enterprises in the country keep up with changing times and embrace digital solutions, PwC Sri Lanka recently launched the Oracle Cloud Application Practice, an initiative aimed at driving businesses to capitalize on new opportunities by using technological solutions such as Oracle Cloud.