Shares hit 3-wk high as blue chips gain

REUTERS: Sri Lankan shares rose yesterday to hit a near three-week closing high as heavyweights John Keells Holdings Plc and Commercial Bank of Ceylon Plc gained.

Oil mafia rearing head in Ceylon Electricity Board’s long-term power generation plan: expert

The ‘oil mafia’ is rearing its head in the Ceylon Electricity Board’s ‘2018-2037 Least Cost Long Term Generation Expansion Plan’ (LCLTGEP) to destabilize reliable power generation, according to experts who spoke at the Public Utility Commission of Sri Lanka’s (PUCSL) public consultation event on the LCLTGEP, held yesterday at the BMICH.

Dart Global gets land in Sri Lanka logistics zone

ECONOMYNEXT: Dart Global Logistics has won a 30-year lease on a two-acre block of land in Muthurajawela, a marshland North of the Colombo port, part of which has been declared a logistics zone

Rupee ends weaker on importer dollar demand

Reuters: The Sri Lankan rupee closed slightly weaker yesterday as dollar demand from importers outweighed selling of the U.S. currency by exporters, dealers said.

JL Morison lays foundation for US $ 13.5mn research and manufacturing facility

The foundation laying ceremony of pharmaceutical manufacturer JL Morison Son & Jones (Ceylon) PLC’s US $ 13.5 million research and manufacturing facility located within the Sri Lanka Institute of Nano Technology (SLINTEC) in Homagama took place, yesterday. 

Hayleys launches online tea portal to mark Ceylon Tea’s 150th anniversary year

The Hayleys group announced its entry into digital marketing e-commerce platform through the launch of its latest website www.hayleystea.com, to promote the finest garden fresh Pure Ceylon Teas from its own tea estates Kelani Valley and Talawakelle under Mabroc brand. The launch coincides with the 150th anniversary celebrations of Ceylon Tea. 

Lewie Diasz presents first copy of his new book to President

‘Marketing & Business Strategy’ authored by Lewie Diasz will be launched on June 19th at the Sri Lanka Foundation Institute. 

Second round winners of Caltex Star Drive competition awarded

The second two winners of Caltex ‘Star Drive – Car and Bike Chase’ received their brand-new Bajaj Discover 125cc motorcycles plus a year’s worth of free engine oil at an event held at the Chevron House in  Colombo 3 recently. 

Cook food to delicious perfection with LG Neo Chef

Flawlessly executing your favourite recipes within a short time span can often be an arduous, even impossible task. Yet, with the all new LG Neo Chef range recently launched by Abans, quickly preparing a diverse variety of perfectly cooked dishes can be made possible.  

Green Agro-Gro facilitates healthy life through eco-friendly farming

Living with nature is a lifestyle that is healthy for us and the environment. What exactly is a healthy lifestyle? Simply put, living in a good natural environment, having a healthy diet, doing good deeds for the earth. 

Kotmale joins Cargills Food City to celebrate World Milk Day

Kotmale Sri Lanka’s leading dairy brand joined Cargills Food City Sri Lanka’s leading supermarket chain, to celebrate the World Milk Day recently. 

Certis Lanka celebrates 40 years of excellence

Commercial and industry security specialists, Certis Lanka Group that offers a myriad of different services and who are the premier service provider in loss prevention services in Sri Lanka, will be celebrating their 40th anniversary and awards night at an awards ceremony to be held at the Hilton

Swim Week Colombo unveils new position Green Conscious & Earth Sensitive

Swim Week Colombo 2018, presented by OLU Tropical Water, will showcase the latest swimwear collections of eleven progressive Sri Lankan designers and three international designers.

Virtusa Wins2017 Pega Partner Award for Partner Excellence in Thought Leadership for the Agile Enter

Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that accelerates business outcomes for its clients, today announcedit has received the 2017 Pega 

Coca-Cola Reinvigorates Pilgrims On Poson Pilgrimage

Coca-Cola Beverages Sri Lanka Ltd. continued its proud tradition of refreshing pilgrims on their annual Poson Poya pilgrimage to the ancient capital of Anuradhapura. Coca-Cola set up kiosks, this year too,

Sri Lanka housing loans on rise: Fitch

In what appears to be an interesting revelation, Sri Lankans are seen increasingly borrowing to meet their housing needs defying the rising borrowing costs, as they seem to perceive more value in the money spent on a long-term asset created today than a deferred spending.       

Colombo City Centre to house Sri Lanka’s first-ever six-screen multiplex

Colombo City Centre (CCC), which is currently under construction, this week entered into an agreement with the local brand, Scope Cinema, to house Sri Lanka’s first-ever six-screen multiplex within CCC with an investment of Rs.350 million, which would acquire 16,000 square feet for the project.

Hayleys, Seylan, Tokyo Cement enter S&P Sri Lanka 20 Index

Hayleys PLC, Seylan Bank PLC and Tokyo Cement Company (Lanka) PLC have been included among the latest S&P Sri Lanka 20 Index compiled by S&P Dow Jones Indices, as a result of the mid-index rebalance that has been carried out.

Shares retreat from 5-1/2-week closing low; JKH leads

RUETERS: Sri Lankan shares yesterday bounced from their five-week closing low hit in the previous session, led by gains in conglomerate John Keells Holdings PLC and with foreign investors buying into the island nation’s risky assets.

Removing domestic barriers could cut export costs by 25-30%: report

Removing the domestic barriers to trade could cut the cost of Sri Lankan exports by 25 to 30 percent, according to the Colombo-based think tank Verité Researc

MG Group shines as dynamic trailblazer bridging infrastructure gaps

While Sri Lanka remains strategically placed to benefit from the changing global marketplace, development of economic and social infrastructure is pivotal to unleashing our true potential.

Mobitel CCTV solutions offer real-time, remote monitoring of homes

Mobitel now offers unimaginable convenience for customers by retailing attractive packages to secure their homes, apartments or offices, payable in easy installments on certain credit cards through the year, coupled with a 3-year warranty. 

Pulungupitiya and Rakwana RDB branches moved to new locations

RDB branches of Puiungupitiya and Rakwana moved into new and modernized locations on 8th May  at No.84/A, Pothgul Vihara Mawatha, Rathnapura and No.2/21, Main street, Rathnapura respectively, to provide better facilities to its customers.  

Luxury apartments not built on shaky grounds: JLL

Sri Lanka’s luxury apartment segment, which has been drawing negative sentiments from the state and private sectors alike, is not built on shaky fundamentals and there are avenues to mitigate the potential risks, according to the Fortune 500 company, Jones Lang Lasalle (JLL), which specializes in real estate. 

‘447 Luna Tower’ display model stands tall at Jaguar Land Rover showroom

The event to commemorate the unveiling of the ‘447 Luna Tower’ display model took place in partnership with Jaguar Land Rover recently.

Access Engineering holds annual ‘Key Staff Forum’

Access Engineering held its annual Key Staff Forum on 19th May at JAIC Hilton Colombo, with the aim to communicate the company’s strategic objectives and short-term goals for the upcoming years to its top and middle management. 

Seylan Bank honours long-serving staff

Seylan Bank honoured 92 staff members who have dedicated 25 years of service to the bank, at a recent event held at Hotel Galadari.

Eminent economist delivers reality check at CILT Logistic Leaders Evening

The Chartered Institute of Logistics & Transportation (CILT) Sri Lanka Logistics Leaders Evening was held recently with a lecture titled ‘Sri Lanka’s Competitiveness – A Tiger or a Small Miracle’ by former Central Bank Deputy Governor W.A. Wijewardene at the auditorium of the National Chamber of Commerce Sri Lanka to a well-attended audience.

Union Assurance unveils first ever digital annual awards

Union Assurance has once again turned a new chapter in their history by organizing the first ever offshore Annual Awards. 

Why India boycotted Belt and Road Forum

After three years of uncertainty surrounding China’s ambitious Belt and Road Initiative (BRI), the highly anticipated Belt and Road Forum (BRF) was finally held in May 2017 in Beijing. But India, Beijing’s most populous neighbour, was conspicuous in its absence.