ISMM to hold full-day international seminar on supply chain management

The Institute of Supply and Materials Management (ISMM) is celebrating its 45th anniversary on par with a full-day international seminar, under the theme ‘Leveraging supply chain management to enhance sustainability’, on October 24, at The Kingsbury Hotel.

Royal Fernwood Porcelain seals Silver at NCE Export Awards

Royal Fernwood Porcelain Limited, a manufacturer of coloured porcelain that enjoys a global reputation in the porcelain tableware industry as a reliable supplier to many premium brands, was the recipient of the Silver award in the large-scale industrial sector for ceramics and porcelain products, at NCE Export Awards 2017.

Sri Lanka Insurance opens new premises in Tangalle

Sri Lanka Insurance opened a new branch at Tangalle recently in order to provide more efficient and speedier services to the people of the area.

Avenue 9 brings luxury living to Mount Lavinia

A remarkably resilient real estate industry in Sri Lanka has been developing and expanding over the last couple of years. Major cities throughout the country have become urbanized and commercialized to such a degree that a condominium or two is now a common site.

Maliban Malt endowed with SLS certification

Maliban Malt, a Sri Lankan brand that has maintained high quality in production, nutrition value generation and an original malt taste from the very moment it entered the Sri Lankan market, has been endowed with the prestigious Sri Lanka Standards (SLS) certification. 

Evaluation of ‘Best Corporate Citizen Sustainability Award 2017’ begins

The Evaluation Panel of the ‘Best Corporate Citizen Sustainability Award 2017’ (BCCS Award 2017) commenced its work to select the corporate sustainability champions of the country, as accepting of applications for the competition was closed on the 4th October.

Hi-tech Tokyo Superlight cellular lightweight concrete factory comes to Elpitiya

Tokyo Cement, the manufacturers of Tokyo Superlight, Sri Lanka’s first cellular lightweight concrete block, ceremonially inaugurated their state-of-the-art production plant with expanded capacity in Elpitiya recently.

SLAP to conduct workshop on decision making and negotiations

The Sri Lanka Association of Printers (SLAP) will be conducting a full day workshop on Negotiation and Decision Making on 20th October at Galadari Hotel. 

First Capital’s ‘A-’ rating reaffirmed by ICRA Lanka

The issuer rating of SL[A-] with stable outlook was reaffirmed for First Capital Holdings PLC (First Capital) by ICRA Lanka Ltd, a subsidiary of ICRA Ltd, a group company of Moody’s Investors Service. ICRA Lanka also reaffirmed the issuer rating [SL]A- with stable outlook for First Capital’s standalone primary dealer First Capital Treasuries PLC.

ICCSL 51st Annual General Meeting concludes on high note

The International Chamber of Commerce (ICCSL) 51st Annual General Meeting concluded on a high note recently at Hotel Galadari, Colombo.

Govt. mulls removing barriers to allow Lankan firms to hire foreign labour

The Sri Lankan government will look to streamline the regulatory process which has so far handicapped the ability of local companies to hire foreign labour by providing greater powers to the Immigration and Emigration Controller, according to Finance State Minister Eran Wickramaratne.

Real estate and construction sector as backbone of SL’s economy

As Sri Lanka sails forth towards unprecedented development, the real estate and construction sector has become significant as the back bone of the country’s economy.

NHRDC seminar on good governance and role of public service

The National Human Resource Development Council organized a lecture on ‘Good Governance and the Role of the Public Service’ for senior public servants at the Auditorium of the Ministry of Tourism recently. This lecture was delivered by PIM former Permanent Secretary and current Director Dr. Lloyd Fernando 

Relationship banking from NDB with ‘Business Class’

NDB introduced ‘Business Class’, a solution for businesses where access to an exclusive range of financial solutions is simply given by having a current account facility.

Over 40% rise in paper price hits local corrugated carton manufacturers hard

In a critical setback to corrugated carton manufacturers, prices of paper have risen by 40 per cent over the past 7 months due to short supply, following unexpected closure of production units. Trade sources say that the paper prices are likely to have risen the highest in any time.

Cotton Collection launches ‘Bring Your Own Bag’ initiative to reduce plastic footprint

Staying true to its commitment to the environment, Cotton Collection recently launched the ‘Bring Your Own Bag’ project, a sustainability initiative organized with the objective of reducing the plastic footprint 

Mobitel launches SCOPE hotline in partnership with the Perinatal Society of Sri Lanka (PSSL)

The National Mobile Service Provider, Mobitel has partnered with the Perinatal Society of Sri Lanka (PSSL) to launch the SCOPE hotline, which enables peripheral level consultants and Medical Officers 

Hirdaramani facilitates TEDx Colombo as Main partner for 3rd consecutive year

The Hirdaramani Group facilitated TEDx Colombo for the third year in a row as Main Partner. Known globally for being a platform that can spark change, its ethos mirrors that of Hirdaramani’s, which has

This govt. best bet towards sustainable growth: WAW

One of the harshest critics of the government economic policies, former Central Bank Deputy Governor W.A. Wijewardena, gave his seal of approval for the current regime and diplomatically mediated a disagreement between two leading economists, at the launch of the Institute of Policy Studies (IPS) flagship publication, ‘State of the Economy 2017’, on Tuesday.

World economic growth improving, even as US, UK potential slows: IMF

REUTERS: The current broad-based global economic upswing will likely be sustained this year and next, the International Monetary Fund said yesterday, with gains in most of the world offsetting sluggish outcomes in the United States, Britain and India.

SL receives thumbs up for progress in complying with WTO TFA

The key stakeholders of the EU-Sri Lanka Trade-Related Assistance Programme yesterday gave the government thumbs up for having taken a “firm” commitment in improving the local trading environment and actively working towards complying with the World Trade Organisation (WTO) Trade Facilitation Agreement (TFA).

Sri Lanka mulls cutting brick and mortar funding for education to focus on quality

The government will deliberate on National Policies and Economic Affairs Deputy Minister Dr. Harsha de Silva’s proposal to cut back on the capital expenditure on education to free fiscal space to improve the quality of education Sri Lankans receive at schools and universities.

President’s Chief of Staff visits Port City Colombo

President Maithripala Sirisena’s Chief of Staff Ranjan Dharmawardena went on an observation tour of the Port City Colombo project site last week.

VizuaMatix’s GITEX journey: Lankan big data solutions go global

VizuaMatix, an innovative Sri Lankan software solutions provider, is displaying their state-of-the-art products and services at GITEX Technology Week this October. 

Virtusa recognized among top global fintech providers

Virtusa Corporation announced that it has been recognized among the leading global financial technology providers in the 2017 IDC Fintech Rankings. 

George Steuart Teas joins CH17 Loyalty Network for Nuwara Eliya Golf card holders

George Steuart Teas known as the ‘Original Ceylon Tea People’ is now offered exclusively to NEGC membership through the loyalty programme managed by  CH17 Loyalty.

HSBC tops Asiamoney’s New Silk Road Finance Awards

HSBC has been named Best Overall International Bank for Belt and Road Initiative (BRI) in the inaugural Asiamoney New Silk Road Finance Awards, reflecting the bank’s commitment to being the leading financial partner to clients engaged in Belt and Road projects.

Ongoing Airbus corruption probes make references to Sri Lankan links

References have also been made to Sri Lanka in foreign media reports on the massive corruption scandal rocking the world’s second largest aircraft manufacturer, Airbus.

Unilever Sri Lanka initiates partnership with Tea Smallholders Federation and Dialog Axiata

Unilever Sri Lanka initiated a partnership with the Sri Lanka Federation of Tea Smallholders and Dialog Axiata PLC to support the over 400,000 smallholder tea farmers in Sri Lanka. This comes at a time when the nation is celebrating 150 years of Ceylon Tea.

BBDO Lanka wins Bronze at 2017 Tangrams Effectiveness Awards

BBDO Lanka was awarded a Bronze for Effectiveness at the 2017 Tangrams Effectiveness Awards held at Spikes Asia Festival recently at Suntec Singapore.