School purchases Ashok Leyland Lynx to mark anniversary

Vishaka Vidyalaya Bandarawela purchased the latest Ashok Leyland Lynx Strong bus recently to commemorate their 75th anniversary.  

Finagle Lanka recognizes outstanding dealers

Finagle Lanka Pvt. Ltd., a leading provider of innovative bakery products that have become a household name among satisfied customers island-wide, honoured top dealers during its annual dealer convention held recently. 

LVL Energy Fund seeks Rs.1.2bn in new listing

Sri Lanka’s LVL Energy Fund Limited, a company that invests in renewable and thermal power projects across Sri Lanka and beyond, last week announced they were seeking a listing on the Colombo Stock Exchange.

SL to reform archaic labour laws to allow flexible working; hire-and-fire policy for startups

Bringing in sweeping reforms to the country’s archaic labour laws, the government is gearing to create a legal environment where more women could join the country’s labour force and allow employers introduce flexible working hours. 

AIA Group’s Lankan unit sees 12% premiums growth in 3Q

Despite a flat September quarter in terms of new businesses compared to the previous quarter, AIA Insurance Lanka PLC’s overall performance signaled that the life insurer is gradually establishing its position in the Sri Lankan insurance market, which has extremely low appetite for long-term insurance products. 

Sri Lanka among countries with largest gender gap in labour force: WB

A recently released World Bank report on female labour in Sri Lanka said, Sri Lanka has the 14th largest gender gap in labour force participation globally and the situation is getting worse by the day.  The report titled ‘Getting to Work: Unlocking Women’s Potential in Sri Lanka’s Labour Force’ also 

Govt. will send experts to Russia to study chrysotile fiber: minister

Science, Technology and Research Minister Susil Premajayantha last week said the government will send a team of experts to Russia to study and gather information about chrysotile fiber (the main ingredient of popular roofing solution, asbestos) and its effect on human health. 

Unilever and MullenLowe Most Awarded Partnership at Effies

Unilever Sri Lanka and MullenLowe Sri Lanka continued to prevail as the most awarded partnership in the history of the Effies in Sri Lanka.The duo won Effie glory for their creative effectivenes

SampathCards Invites Cardholders to Begin the Season with Sensational Offers

SampathCards is enabling cardholders begin the holiday season with a host of amazing offers that help them indulge themselves in the best that the season has to offer.

Advantis Projects Provides End-To-End Solution for 24MW Power Plant Relocation to Sudan

Advantis Projects, the project logistics arm of Hayleys Advantis Group, recently relocated the 24MWLakdhanavai power plant from Sapugaskanda to Nyala, Sudan,

SLIM NASCO 2017 rewards top sales professionals in the nation

The National Sales Congress (NASCO) 2017 organized by the Sri Lanka Institute of Marketing (SLIM) drew to a successful conclusion recently at Eagle’s Lakeside

H’tota industrial zone will have same ownership structure as of port: Malik

The proposed Chinese industrial zone that will feed in business to the Hambantota port will have a similar ownership structure to that of the port and the discussions on the agreement are expected to finish by the end of this year, according to Development Strategies and International Trade Minister Malik Samarawickrama.

Fitch assigns final ratings to LB Finance’s senior, subordinated debt

Fitch Ratings has assigned LB Finance PLC’s (LB; A- (lka)/Stable) proposed senior unsecured and subordinated debentures final National Long-Term Ratings of ‘A-(lka)’ and ‘BBB+(lka)’ respectively.  The assignment of the final ratings follow the receipt of documents conforming to information already 

Radiant Beaux launches stone carving collection

Launched for those with a discerning eye for artistic beauty and innovation, the lifestyle store, Radiant Beaux recently launched its collection of dazzling stone carvings in Colombo.

UltraTech Cement partners with BBDO for ‘Live Chatathon with Harsha and Anita Bhogle’

UltraTech Cement Lanka (Pvt.) Limited, part of the Aditya Birla group, recently partnered eminent sport media personality Harsha Bhogle and his wife Anita, for a ‘Live Chatathon’ interactive session for the benefit of its staff, suppliers and business partners, at Hotel Taj Samudra, hosted by BBDO. 

UK pushes for trade talks to solve N. Ireland border issue

AFP: British Foreign Secretary Boris Johnson yesterday called on Brussels to move on to post-Brexit trade talks to solve the Irish border issue, despite a warning from the EU that London still had work to do.

Ruwan Edirisinghe elected as Mora Pera Engineers’ Reunion President

RN Group of Companies Chairman Eng. Ruwan Edirisighe was elected as the second President of the Moratuwa Peradeniya Engineers’ Reunion at the annual general meeting (AGM) held recently.  Eng. Edirisinghe is the first University of Perdeniya alumnus to be elected as President of the Moratuwa and Peradeniya Engineers’ Reunion, which was founded in 2013.

Asian markets head for positive end to volatile week

Asian markets built on the previous day’s gains and headed into the weekend on a positive note yesterday as traders were buoyed by news that Donald Trump’s tax cuts had moved a step closer. House Republicans pushed through a landmark overhaul of the tax system on Thursday, providing the 

EU GSP delivers big plus for Lankan apparels

EU GSP Plus has delivered its most prominent success for Sri Lankan exports to-date since its announcement. 

Rupee ends weaker on late importer dollar demand

REUTERS: The Sri Lankan rupee yesterday closed weaker due to a surge in importer demand for the U.S. currency amid seasonal imports ahead of the year-end festive season and on dollar buying from a foreign bank, dealers said. 

NAFTA negotiators hold new talks amid fears of collapse

AFP: After three months of thorny negotiations, fears of a breakdown are hanging in the air as the US, Mexico and Canada begin new talks on the North American Free Trade Agreement yesterday.

Moody’s raises India rating, citing reforms

AFP: Moody’s yesterday upgraded India’s credit rating for the first time in more than a decade, citing economic reforms introduced under Prime Minister Narendra Modi.

Amaranthé Bay inaugurates Christmas cake mixing

Christmas comes once a year. It is the time for making merry for the young and the old alike. Baking Christmas cake is something associated with the event and enjoyed by all.

Selyn launches “Sthri by Selyn” - An ethical fashion collective

One of the country's largest social enterprises, nurturing over 1000 artisans across the island, Selyn has been at the forefront of the handloom industry as an ethical fashion

New pollution clearing mask from The Body Shop in stores

Treat your face after a hard week in the city with The Body Shop’s Japanese Matcha Tea Pollution Clearing Mask, now available in Colombo. This 100% vegan formula has no paraffi

Access Engineering spurs construction of new road along Beira Lake

The construction of the new road along the west bank of west Beira Lake, adjoining the former Army Headquarters, Baladaksha Mawatha, Colombo 2, is in full swing as scheduled by Access Engineering PLC.

Nivasie Developers prioritise innovation, green living and lifetime return for customers

The construction sector has definitely been taken to greater heights. The industry is highly competitive and booming than ever before and more emphasis is placed on innovative technology and processes, alternative eco-friendly raw materials, sustainable measures and value additions among others. It’s so 

India offers special concession on industrial machinery and equipment to local industrialists

India is highly concerned about the economic development of Sri Lanka and ready to support the local industrialists by offering a special concession on industrial machinery and equipment, said Confederation of Indian Industries (CII) General Manager Immanuel 

Home Lands Skyline wins big at Asia Property Awards 2017

At this year’s Asia Property Awards, Home Lands Skyline, one of the real estate titans in Sri Lanka won accolades for its achievements in the real estate industry in Sri Lanka.

Capital Trust Residencies wins top accolades at Asia Property Awards 2017

Capital Trust Residencies (Pvt.) Ltd clinched the prestigious awards for the Best Condominium Development (Sri Lanka), Best Condominium Development in Colombo and Best Residential Interior Design (Sri Lanka) at the Asia Property Awards 2017 held in Singapore, recently.