University of Moratuwa announces Sri Lanka Design Code 2017 Exhibition

It’s a well-known fact that the University of Moratuwa is the most sought after technological university in Sri Lanka. Completing the tangle of creativity and technology, the Department of   

Over 50 foreign firms to attend ‘Sri Lanka Investment Conclave’

Senior executives and owners of over 50 foreign companies from more than 15 countries have already registered to take part in the upcoming ‘Sri Lanka Investment and Business Conclave 2017’ showing interest in exploring opportunities in diverse economic sectors of the country.

Slower consumer spending bites into Ceylon Cold Stores 4Q profits

Weak consumer demand hit the performance of Ceylon Cold Stores PLC (CCS) during the January – March quarter (4Q17) as higher inflation, interest rates and the impact of the increased value-added tax eroded the disposable income of the people, affecting the demand for the retail and beverage produce substantially.  

Prime Minister assures extensive support for exports having bagged GSP Plus

As Sri Lanka gears up to reap the benefits of GSP Plus, Prime Minister Ranil Wickremesinghe yesterday said the business community must maximize all efforts to fully capitalize on the opportunity that could be the golden ticket in reviving the nation’s dampening exports.

Employees should also benefit from GSP Plus, says Harsha

The government will work with the employers to pass on an equitable share of the benefits the exporters would gain from GSP Plus to the employees, Foreign Affairs Deputy Minister Dr. Harsha de Silva said yesterday.

Cinnamon industry stakeholders stress need for standards

The longstanding stakeholders of Sri Lanka’s cinnamon cluster yesterday alleged the newcomers are distorting the quality of the spice exported due to poor producing and processing practices and urged the government to impose minimum standards to ensure the quality.

China hopes Sri Lanka fosters good atmosphere for projects

REUTERS: China hopes that Sri Lanka can create a good legal, security and public opinion environment for its investment projects in the Indian Ocean country, Premier Li Keqiang told his visiting Sri Lankan counterpart Ranil Wickremesinghe.

Ironwood Investment announces mandatory offer on Abans Finance

 Ironwood Investment Holding (Pvt.) Ltd, a unit of private equity firm Ironwood Capital Partners, yesterday announced a mandatory offer to purchase all the remaining shares of Abans Finance PLC. The mandatory offer was announced at Rs.25 per share. However, the Abans Finance share is now trading around Rs.35-36 levels.

Mitra Innovation moving from strength to strength

Mitra Innovation, a technology innovation company based in Sri Lanka, Australia, the US and the UK was set up in 2012 by three co-founders – Ashok Suppiah (CEO), Derek Bell (COO) and Dammika Ganegama (MD).

‘Skechers GoWalk 04’ gives flexibility and versatility to your walking

Walking is commonly regarded to be one of the best methods through which we could combat the adverse health conditions associated with a largely sedentary lifestyle. 

Regaining GSP Plus for Sri Lankan exports to EU: Industry perspectives

In one day from today, the Sri Lankan exporters would once again be able to export over 6,000 products duty free to the European Union (EU) countries, giving a much-needed boost to the export sector.

CIM SL to hold second Talking Point programme and CEOs Breakfast Forum

The Chartered Institute of Marketing Sri Lanka will be hosting its second CIM Talking Point Programme and the CEOs Breakfast Forum for this year on 25th and 26th of May respectively. 

CIMA powers businesses through generations

Angelo Patrick, FCMA, CGMA (Group Director, Capital Maharaja Organisation) and his son Sohan, ACMA, CGMA (Deputy General Manager, MAS Fabrics) both began their careers with the CIMA qualification.  

AdCove International ventures to Sri Lanka

AdCove International Advertising and Marketing (Pvt) Ltd, a global advertising and marketing company functioning in Mumbai, India unveiled its newest branch in Sri Lanka. 

CIM Sri Lanka appoints student committee for 2017

CIM Sri Lanka, appointed the new student committee for the upcoming endeavours of the year 2017 with the objective to uplift the marketing community of the country by bringing together all CIM students across the local region and offer a knowledge sharing experience with loads of fun and excitement.

Anscom celebrates five years of providing smart security solutions

Anscom, one of Sri Lanka’s premier high-tech security solution providers, celebrated 5 years of successful business operations in  Sri Lanka recently. 

HNB Assurance 1Q profit surges over higher premiums, investment incomes

HNB Assurance PLC, the insurance subsidiary of the Hatton National Banking group, reported earnings of Rs.74 million or Rs.1.48 a share for its March quarter (1Q17), an increase of 121 percent from a year ago as the gross written premiums (GWPs) from both life and non-life businesses increased, the interim results showed. 

HNB relocates to spacious new Ratnapura customer centre

Catering to the rapid growth in commercial and retail banking activity in the area, Sri Lanka’s premier private commercial bank, HNB PLC, officially opened its newly relocated Ratnapura customer centre at No: 9, Senanayake Mawatha, Ratnapura. 

MyDialog: App to control all Dialog services

Have you ever wished that you could control all your connectivity needs through one app? That you could check your phone bill, your internet bill, your rewards points, your mobile wallet, your television channels, news and a whole lot of other services in just one place? That you could transfer funds and make appointments, all starting from one central location?

Rupee ends lower on importer dollar demand

REUTERS: The Sri Lankan rupee ended weaker yesterday led by usual importer dollar demand, but dealers said depreciation pressure on the currency has eased on strong inflows from foreign borrowings.

GSP Plus: An elixir or just palliation for Sri Lanka’s export woes?

Sri Lankan exports, which have been flagging in recent times, gained some much needed relief with the European Union’s (EU) Foreign Affairs Council deciding to grant additional trade preferences to Sri Lanka under its GSP-Plus initiative. 

SLIM’s ESF features Harpo Gooneratne

The SLIM Experience Sharing Forum (ESF) was held in March this year featuring CEO/Founder of Harpo’s chain of restaurants and cafes, Harpo Gooneratne. 

Shares extend gains on foreign inflows

REUTERS: Sri Lankan shares ended at their highest level in over a year as foreign investors continued to buy blue chips after an annual trade concession worth US $300 million from the European Union (EU) added fuel to a rally that started towards the end of March.

UAE’s Lulu Group reveals plans for mega investments

The UAE-based retail and leisure giant LuLu Group is planning to invest heavily in Sri Lanka in the future, officials said yesterday when the group entered Sri Lanka by opening a US $ 8 million food packaging facility in the Katunayake Export Processing Zone to supply LuLu operations worldwide.

AIA Insurance Lanka March profit declines amid higher claims and expenses

AIA Insurance Lanka PLC (AIA), the local unit of Asia-based AIA Group Limited, reported earnings of Rs.71.2 million or Rs.2.32 a share for its March quarter 2017, a decline of 18 percent from a year ago as the company paid higher claims and benefits while the other expenses also rose.

Huawei and Intel sign MOU to accelerate HPC innovation

Huawei and Intel signed a Memorandum of Understanding (MOU) to cooperate in high-performance computing (HPC) to provide competitive and innovative HPC products and solutions.

Pizza Hut and Visa join hands for pizza promo

Once again, Pizza Hut, Sri Lanka’s leading pizza brand and Visa, the global leader in payments technology, have come together to offer its customers the ever popular ‘Your Visa for free Pizza’ offer.

The latest addition to the luxury hotels in Sri Lanka

Set on a hillock in a picture-perfect destination on the south-eastern coast of Sri Lanka, Sooriya Resort & Spa is a new four-star class deluxe hotel where the pristine golden beaches and diversity of 

Blue Mountain Spreads Light for Vesak celebrations

Blue Mountain’s ethereal lanterns brightened up UN Vesak Day celebrations which were celebrated in Sri Lanka this year with the participation of Buddhist leaders from around the world. The three-day 

Port City introduces livelihood support programmes for Negombo fishermen

A number of development programmes to improve the livelihood of fisher folk and provide them with financial benefits have been launched by the Colombo Port City in collaboration with the Ministry of Fisheries and Aquatic Resources Development.