Sri Lanka’s Bavarian Motors sues BMW Germany

The Bavarian Motors (Private) Limited, a company primarily involved in importation and sale of luxury BMW vehicles instituted an intellectual property action in the Commercial High Court of Colombo against BMW  (Bayerische Motoren Werke Aktiengesellschaft) in Munich, Germany, alleging that BMW is engaged in or attempting to engage in unfair competition against Bavarian Motors (Private) Limited. 

Port City company offers to extend Marine Drive in US $ 150mn project

China Harbour Engineering Company Limited (CHEC), the developers and the owners of the Colombo Port City project, has proposed to extend the Marine Drive via an underground tunnel, that will ultimately connect the country’s South with the Northern region.  

Eran to present Appropriation Bill to Parliament today

The Appropriation Bill for the budget 2018 will be presented to Parliament today, Finance and Mass Media Ministry said in a press communiqué yesterday.

Retail head John Flint to replace Gulliver as new HSBC CEO

REUTERS: HSBC wants to appoint company insider John Flint as its next Chief Executive and has approached regulators seeking their approval, Britain’s Sunday Times newspaper said.

Summit Finance changes name to Prime Finance

The change in name comes with the acquisition of Summit Finance PLC by Property and real estate developer, Prime Lands (Pvt.) Ltd.

Filmfare selects Sri Lanka for November issue cover shoot

Sri Lanka once again proved that it was becoming a favourite hotspot to provide picturesque locations for the Bollywood film industry when it selected Sri Lanka to do the cover shoot of the November issue of Filmfare magazine with Deepika Padukone, one of Bollywood’s successful actresses. 

Fonterra Lanka launches another dairy innovation focussed on heart health

To help Sri Lankan adults live their lives to the fullest, Fonterra Brands Sri Lanka, the company behind Anchor, has launched another country first with its latest dairy innovation focused on heart health.

World Vision Lanka marks 40 years in operation

“Empowering communities out of poverty – for real. For good. That has been our business for 40 years here in Sri Lanka,” says Dhanan Senathirajah, National Director for World Vision in Sri Lanka.

Latest ‘State of the Economy’ report identifies inadequate HR skills a key constraint for growth

Against the background of a progressive improvement in the macroeconomic environment, led by better fiscal policy outcomes, Sri Lanka needs to urgently address the structural constraints through a process of reforms, if the country is to raise its medium-term growth prospects, Sri Lanka’s leading economic policy think tank, the Institute of Policy Studies (IPS) pointed out recently. 

Lankan start-up ecosystem to accelerate with ABAF 2017: Mano

One of the biggest events in Sri Lanka’s start-up ecosystem is set to take centre-stage this month as Sri Lanka hosts Asia’s largest start-up investor forum – Asian Business Angels Forum (ABAF) 2017.

Latvian Consul General visits Riga Foreign Affairs Ministry

On an official visit to the Republic of Latvia, Honorary Consul General of Latvia in Sri Lanka Thomas F. Daetwyler visited the Foreign Affairs Ministry of the Republic of Latvia and met Asia and Oceania Division Head Egils Dzelme.

Asia markets rally with US stocks as tax cut hopes boost dollar

AFP : Asian markets rallied yesterday with Hong Kong hitting a 10-year high after another record close on Wall Street following more buoyant US data and hopes for tax reform, which has also boosted the dollar.

ICC accorded permanent observer status in the UN

UN Secretary General extended a rare honour to the International Chamber of Commerce (ICC) as the first private-sector organisation to be accorded permanent observer status at the UN General Assembly.

German industrial orders jump on strong export demand

AFP:  Industrial orders in Germany, a key indicator of the health of Europe’s biggest economy, jumped in August, driven by strong overseas demand for German-made goods, data showed yesterday.

Philippines tobacco giant pays US$586 mn to settle tax case

AFP: The Philippines said yesterday it has dropped a tax evasion case against the country’s number-two cigarette manufacturer after it was sold to Japan Tobacco to raise funds for a record 30 billion-peso (US$586 million) settlement.

Ports Authority joins Food Production National Programme

The Food Production National Programme 2017 of the Sri Lanka Ports Authority (SLPA) was held recently at its Chaithya premises under the patronage of SLPA’s Acting Chairman P.G. Dasanayake and the participation of the Managing Director of SLPA -    H.D.A.S. Premachandra. 

Foreign Minister visits European Investment Bank

Foreign Minister Tilak Marapana during his recent visit to Luxembourg attended a business luncheon hosted by the European Investment Bank (EIB) at its headquarters in Luxembourg. 

Hidellana Tea Factory achieves record price

At this week’s Colombo Tea Auction held on 02nd and 03rd October , an invoice of Low Grown BOPFSP grade offered by Hidellana Tea Factory achieved an all-time record price of Rs. 900 per kg, breaking the previous record of Rs. 860 set at the sale of 13th June 2017.  This line of tea was purchased by Mabroc Teas (Pvt) Ltd.

Shangri-La Colombo set to become one of Asia’s top MICE destinations

Shangri-La Hotel, Colombo is set to become the most extensive and versatile events venue in Sri Lanka when it opens its doors by mid November 2017. 

World must ‘seize opportunity’ of global recovery: IMF’s Lagarde

International Monetary Fund (IMF) Chief Christine Lagarde said Thursday a worldwide economic recovery is taking hold, opening a window for countries to enact reforms aimed at attaining broader, lasting prosperity.

EFC HR/IR Forum deliberates on recruitment, retention and succession

The third edition of the EFC HR/IR Forum for 2017, powered by Unilever Sri Lanka, was held recently at the Employers’ Federation of Ceylon (EFC). 

Two Leo Burnett Sri Lanka professionals compete at Young Spikes Competition

Two young professionals from Leo Burnett Sri Lanka will represent the country at the upcoming Young Spikes Media Competition, which is set to take place in Singapore. Leo Burnett Sri Lanka’s Sarah Hassanally and Dilendri Wettewe recently named joint winners of the Young Spikes media competition conducted in Sri Lanka. They 

Ocean Lanka felicitates long-serving employees at Loyalty Awards 2017

Ocean Lanka, one of the largest weft knitted fabric manufacturers in Sri Lanka, recently held its second annual awards ceremony, Loyalty Awards 2017, to felicitate more than 100 long-serving employees, who have served the company since its inception in 1996.

IPM President speaks at NIPM Annual HR Conference

IPM Sri Lanka President Prof. Ajantha Dharmasiri was invited as a distinguished guest and speaker at India’s annual national HR conference, NATCON 2107, held in Chennai, India recently.

IronOne Technologies clinches five awards at NCE Awards Night

IronOne Technologies and BoardPAC bagged five overall awards at the recently-concluded Annual Export Awards 2017, conducted by the National Chamber of Exporters of Sri Lanka (NCE).

Hemas Hospital Wattala hosts kite festival for staff

Hemas Hospital Wattala recently organized a kite festival ‘Let’s fly 2017’ for the staff members to drive employee engagement and to create a platform for them to showcase their creative skills.

Sampath Bank partners Colombo Int’l Book Fair

Continuing to help nurture the habit of reading, Sampath Bank joined hands with the Colombo International Book Fair as the event’s official banking partner for the 13th consecutive year.

Children’s Day celebrated at TFO Kids Carnival, K-Zone Ja-Ela

The Factory Outlet recently organized the TFO Kids Carnival to commemorate World Children’s Day at the TFO K-Zone, Ja-Ela.

Ritzbury Champ as first sponsor for kids segment at Walawe Supercross

The annual ‘Walawe Supercross’, the event that attracts the country’s racing enthusiasts to the Uda Walawe Supercross track at Sevanagala, Sabaragamuwa, was held this year for the seventh time with a significant difference.

My friend foundation launches “English for All” program that encourages the learning of English Lang

My Friend Foundation, an organization focused on improving the lives of children in underprivileged schools, launched an innovative programme named ‘English for All’ on September 25, 2017.