Govt. postpones SVAT abolition

Sri Lanka’s premier trade chamber, Chamber of Commerce, yesterday welcomed the decision by the Finance Ministry to postpone the abolition of Simplified Value Added Tax (SVAT) system that was due to come into effect  on April 1.

Rupee edges up on exporter dollar sales; stocks rise

REUTERS:  The Sri Lankan rupee firmed up yesterday, led by exporter dollar sales and inward remittances but demand from importers for the U.S. currency weighed on sentiment,  dealers said.

Lake House Printers and India’s Manipal Technologies launch digital banking solution

India’s Manipal Technologies Limited (MTL) in association with Sri Lanka’s Lake House Printers and Publishers PLC (LHPP) yesterday launched a cutting-edge digital banking solution to cater to the growing needs of the Lankan banks and their customers.

Sunshine Holdings celebrates 50 years of responsible entrepreneurism

Sunshine Holdings PLC is celebrating its 50th anniversary. 

ACL Cables sponsors ‘Best Performer Award’ for Electronic Engineering at SLIIT Convocation

Sri Lanka’s top cable manufacturer, ACL Cables sponsored the ‘Best Performer Award’ for the BSc. Engineering Honours Degree for Electric and Electronic Engineering at the recent SLIIT Convocation.

Experience ‘Little England’ with Cocoon

Widely known for its production of tea and the chilly climate, the city of Nuwara Eliya has certainly secured a special place in the hearts of many local and international tourists.

Watawala signs as Gold sponsor for Colombo International Tea Convention

Coinciding with celebrations for the 150th anniversary of Ceylon Tea, the Watawala Family of companies stepped forward as Gold Sponsor to the Colombo International Tea Convention 2017.  Organized by the Colombo Tea Traders’ Association (CTTA), the Sri Lankan tea industry’s apex body, the Colombo International Tea Convention will take place at the Cinnamon Grand hotel on 7th and 8th August. 

Softlogic enlivens Ja-Ela with Burger King and Softlogic Max

A new dimensional shopping experience came to life in Ja-Ela this week when two of the Softlogic Group’s retail operations -- Burger King and Softlogic Max -- joined forces in a single-location with a simultaneous opening in this suburban enclave.

Join the line of donors to save thousands of beautiful Little Hearts

The unfortunate reality is that every year 3000 children are born with Congenital Heart Disease (CHD) in Sri Lanka. Deepening the lament is the fact that each day is a battle between life and death for 

“EIB Considers DFCC Bank A Preferred Partner” Says Andrew Mcdowell, Vice President, European Invest

DFCC Bank recently hosted an European Investment Bank (EIB) delegation to an exclusive event to honour its mutual longstanding and fruitful association with EIB for the last 15 years. The EIB

FAO and Forest Department mark International Day of Forests

The International Day of Forests (IDF) is celebrated globally on 21st March each year as a platform to raise awareness of the importance of all types of forests and of trees outside forests for the benefit of current and future generations. 

Siddhalepa Group reaches 100,000 mark in waste management programme

The Siddhalepa Group’s green initiatives reached a new dimension recently when the company issued 100,000th waste bin donation to a temple in a remote part of the country. 

Harpic partners City Planning Ministry to improve access to sanitation

Harpic, in collaboration with the Ministry of City Planning & Water Supply, will install toilets in 100 homes across the island this year, under a new program that aims to improve access to sanitation facilities throughout Sri Lanka. 

Electricity price hike imminent as costs escalate

Sri Lanka’s electricity consumers are likely to be in for a rude shock again as another round of price increase is expected anytime soon amid shortages in generation capacity and increasing transmission and distribution costs, according to a leading energy sector expert in the country.

Top lube operator calls for strict laws to eliminate unethical practices

Sri Lanka’s lubricant market has become messy due to a large number of unlicensed players acting on rules unto themselves due to lax regulations and their activities have caused losses to the government, licensed operators and consumers at large, the country’s top lube operator said.   

EU blocks LSE-Deutsche Boerse merger amid Brexit jitters

AFP: The EU blocked the blockbuster merger of the London Stock Exchange (LSE) with Germany’s Deutsche Boerse yesterday, snagged by competition concerns and the fallout from Brexit.

CEB awaits ministerial decision to sell solar plants at subsidized rates

Ministerial level discussions are currently underway to decide on subsidized terms of sale of rooftop solar PV plants through the state-owned Ceylon Electricity Board (CEB), an official said yesterday.

Shares rise for second day on foreign buying

REUTERS: Sri Lankan shares rose for a second straight session yesterday, posting their highest close in nearly one week, helped by foreign investor buying and quarter-end window dressing, stockbrokers said. The Colombo stock index closed 0.61 percent firmer at 6,021.54, its highest close since March 21. 

Four airlines show interest in SriLankan, but not convincing, says Hashim

The national carrier, SriLankan Airlines, which has been experiencing massive turbulences lately, has attracted interest from two international airlines and two regional airlines, a top minister in the coalition government said. 

Rupee ends higher on exporter dollar sales

REUTERS: The Sri Lankan rupee ended firmer yesterday, helped by exporter dollar sales and inward remittances but importer demand for the greenback from a state bank weighed on the sentiment, dealers said.

Wallspan envisions transforming Colombo into a garden city

The beautiful green landscape which soothed our eyes and refreshed our souls as we walked through the city streets back in the good old days is disappearing at a rapid speed due to accelerated 

DFCC Bank’s ‘Avurudu Hat Trick’ campaign offers season’s best rewards

Keeping with the spirit of the Avurudu season, DFCC Bank is pleased to introduce the ‘Avurudu Hat Trick’ campaign, which offers families the opportunity to receive three kinds of benefits including gifts, gift certificates and special interest rates for fixed deposits, with the objective of making the upcoming Avurudu festival season a special one.

LB Finance launches ‘LB Gift Store’ for FD, savings customers

LB Finance launched an innovative finance product recently by introducing LB Gift Store, in partnership with Mydeal.lk, Ltd, a pioneer in the Sri Lankan e-commerce industry.

Businesses must agitate for early implementation of trade facilitation reforms

If trade is the engine of Sri Lanka’s new economic growth model, then trade facilitation is the essential lubricant to make that engine run smoother and better in order to speed up.

Invo Lanka appointed exclusive dealer for Remer Faucet and Minutery range

Elevating bathroom designs with style and practicality offering an exciting, trend-setting Faucet and Minutery range, Remer Rubinetterie Spa has named Invo Lanka International (Pvt) Ltd., as the exclusive local agent for its family of products.

McLarens Group goes to Cloud with Microsoft Azure

Michelle Simmons, General Manager-Southeast Asia New Markets, Microsoft Asia Pacific met with Kalum Katipearachchi-Group Finance Director, and the group IT heads of McLarens Holdings Limited during a recent visit to Sri Lanka. 

DSI opens biggest footwear factory sales outlet at Nawinna

The town of Nawinna has become the home of the largest footwear factory sales outlet in the country. 

The radical future of architecture

Architecture is a shapeshifter; reacting to the rapidly changing needs and preferences of the society in which it operates. 

Dialog hosts 4th edition of #ngage meetup

On March 22, Dialog hosted its 4th edition of its #ngage meetup at the Dialog headquarters down Union Place. 

Keells Super partners with IPHT to improve mango supply and value chain

The Institute of Post Harvest Technology (IPHT) of the Ministry of Agriculture recently launched a program aimed at improving the supply and value chain activities of commercially grown mangoes in Sri Lanka.