CIM Student Committee organises CIM Future Marketers’ Conference 2017

The Future Marketers’ Conference is the flagship event organized by the Student Committee of the Chartered Institute of Marketing (CIM) Sri Lanka.

Tea Board Chairman praises RPCs for overcoming severe challenges

Addressing a gathering at the 163rd Annual General Meeting of the Planters’ Association of Ceylon (PA), Sri Lanka Tea Board Chairman Rohan Pethiyagoda strongly commended the country’s regional plantation companies (RPCs).

Eastern Brokers achieves all time record price for Kirklees Estate

At the recently concluded Colombo Tea Auctions, Kirklees Estate had the proud distinction of achieving yet another all time Colombo auction record price of Rs.750 per kilogram for a BOPF Grade, in the Uda Pussellawa elevation category.

Moody’s paints grim picture for SL’s FDI prospects

International credit rating agency Moody’s Investor Services yesterday gave a grim forecast for Sri Lanka’s foreign direct investment (FDI) prospects, saying that FDI flow for the dollar-hungry nation in the next two years is likely to remain at current levels despite reform efforts by the government. 

Leo Burnett SL named ‘Agency of the Year’ at Effie Awards

Leo Burnett Sri Lanka, the local office of the global advertising network Leo Burnett Worldwide was recently named the ‘Agency of the Year’ at this year’s Effie Awards programme.

Nahil transfers East West Properties majority stake to family

Businessman Nahil Wijesuriya yesterday transferred his majority stake in East West Properties PLC, which has a subsidiary operating a Marriot hotel in the country’s south coast, to his two sons and the daughter in a Rs.1.1 billion deal.

Government’s massive stake in economy prevents proper implementation of RTI Act: Eran

The Sri Lankan government has too great a stake in the economy, which is preventing the proper implementation of the Right to Information (RTI) Act, according to Finance State Minister Eran Wickramaratne.

Shares hit near one-week closing low on profit-taking

REUTERS: Sri Lankan shares ended down for a second straight session yesterday, slipping further from their highest close in more than 10 weeks hit last week, with investors booking profits in telecom stocks while block deals boosted the turnover, brokers said.

Manufacturing accelerates in September; services slow

Sri Lanka’s manufacturing sector recorded healthy growth in the month of September while the services sector also expanded albeit at a slower rate, according to the Purchasing Managers’ Index (PMI) computed by the Central Bank.

JBIC assures support for SL’s economic programme

Japan Bank for International Cooperation (JBIC) reiterated their support for Sri Lanka’s economic programme during a meeting with Minister of Finance and Media Mangala Samaraweera.

Get Cheesy with Chef Massimo Zampar at Hilton Colombo’s Italian Restaurant, IL Ponte!

The secret ingredient to life’s little mysteries, has always been cheese!  Indulge in an extravagant celebration of all things cheese with one of Chef Massimo’s most creative cheese set menus from 

SLCBCC announces 7th Business Star Awards

The Sri Lanka China Business Cooperation Council (SLCBCC) announced the launch of SLCBCC Business Star Awards 2017, which will be the seventh in the series.  The Awards presentation will take place on December 4th at Galadari Hotel, Colombo.

Pathfinder Foundation participates at Sagar discourse in India

The first ever track 1.5 discourse on the Indian government’s ambitious initiative Security and Growth for All in the Region (SAGAR) was conducted in the port city of Goa, India last weekend.

Amila presents ‘Tharadiya’ scaling pros and cons of economy

Economist Amila Muthukutti presents a daily economic review called Tharadiya broadcast at 6.40 am on ITN FM on weekdays. 

CSE signs MoU with OBG to use capital market info at top forum

The Colombo Stock Exchange (CSE) has signed a memorandum of understanding (MoU) with Oxford Business Group (OBG) to use the global research and consultancy firm’s analysis of Sri Lanka’s capital markets as its primary information tool at a high-profile investment forum, scheduled to take place mid-October in New York.

Leo Burnett Sri Lanka named ‘Agency of the Year’ at the Effie Awards

Leo Burnett Sri Lanka, the local office of the global advertising network Leo Burnett Worldwide was recently named the ‘Agency of the Year’ at this year’s Effie Awards Programme. Leo Burnett Sri Lanka 

Allianz Lanka Launches State-Of-The-Art Automated Underwriting Platform AUSYS

Allianz Life Insurance Lanka, in a bid to provide their customers with greater convenience, recently launched their automated underwriting platform ‘AUSYS’. The development of the platform

HSBC awarded ‘Best Consumer Digital Bank’ for 11th time by Global Finance

HSBC Sri Lanka has once again been recognised for its digital capabilities by winning the Best Consumer Digital Bank Country award by Global Finance at the Best Digital Bank Awards 2017, and this is the 11th time that HSBC has won this prestigious award.

Multiply joy with BOC ‘Pita Pita Rata Thegi’

Bank of Ceylon is ready to multiply your happiness when you remit money from abroad to your loved ones, filling your homes with goods that will add happiness to your day-to-day life, BOC ‘Pita Pita Rata Thegi’ will offer customers a chance to win 300 gifts.

Cinnamon Legends announce new website launch

Cinnamon Legends announces the launch of its newly revamped website www.cinnamonlegends.com.

Fine Furniture visits Germany to witness Hacker innovations

In September, Fine Furniture Chairman and Founder Martin Klement and Director Niluka Klement took their annual trip to Rodinghausen Germany to experience once again firsthand, what Hacker has in store for 2018.

Yeti Isotonic creates waves in lankan beverage market

Yeti Isotonic which was recently launched in Sri Lanka looks to shake-up the sports drink market by offering the ‘most advanced electrolyte drink’.

Sharp electronic products now exclusively from Singer

Sharp, one of the most globally recognized manufacturers of electronic products has been recognized as a preferred brand name amongst the general public in Sri Lanka and since 2013, the brand has been made exclusively available at Singer, Sri Lanka’s leading retailer for consumer durables.

SriLankan, a hopeless case even with a management change: Eran

Finance State Minister Eran Wickramaratne lashed out at the national carrier, SriLankan Airlines, at a recent forum in Colombo, saying that the airline has no business proposition even with a change in the management.  

SLEA Annual Sessions to be held next week

The Annual Sessions of the Sri Lanka Economic Association (SLEA), the premier association of economists in the country, will be held on 27-28 October on the theme ‘Modernization

Mangala meets IMF Deputy Managing Director

Minister of Finance and Mass Media Mangala Samaraweera while attending the WB/IMF annual meeting in Washington at the conclusion of the meeting called on   Mitsuhiro Furusawa,  Deputy Managing Director of the IMF and held discussion on matters of mutual interest.

Global Capital names Dr. Coomaraswamy as Governor of the Year South Asia

Central Bank Governor Dr. Indrajit Coomaraswamy, Governor Central Bank of Sri Lanka has been named Central Bank Governor of the Year, South Asia, by the popular publication house Global Capital at Global Capital Markets Awards ceremony in Washington DC on October 14, which coincides with the World Bank-IMF Annual meetings.

Shiran Fernando to assume duties as Chief Economist at Ceylon Chamber

The Ceylon Chamber of Commerce has appointed Shiran Fernando as its new Chief Economist, effective from 16th October, following the resignation of Anushka Wijesinha. Fernando, who holds Bachelors in 

Towards a more secure recovery shared by all

Following is the 2017 Annual Meetings Plenary Speech by International Monetary Fund (IMF) Managing Director Christine Lagarde.

Investing in human resources and reforming Sri Lanka’s labour market

The Economic Statement of October 2016 presented by Prime Minister Ranil Wickremesinghe envisages increasing the growth rate of the Sri Lankan economy to 7 percent, with the objective of doubling the per capita incomes by 2025. Given that the Sri Lankan economy is closely integrated with the rest of the world, achieving a sustained average growth rate of 7 percent will only be possible if the country manages to stay competitive in the global mark