Prime Grand, Ward Place announces full completion of piling work

Marking another milestone in its journey of excellence, Prime Group announced the successful completion of work on the piling for its prestigious Ward Place residential complex, Prime Grand at the end July, 2017. 

Govt. should bring in laws to increase female membership in boardrooms: researcher

The Sri Lankan government should introduce legislation to allocate a minimum number of board seats in corporates to females, a researcher at a government affiliated think tank opined recently.

Govt. mulls relaxing rules on BOI firms selling in local market

The Board of Investments (BOI) regulations, which limit companies operating in free trade zones from selling in the local market, may be relaxed, Development Strategies and International Trade State Minister Sujeewa Senasinghe said.

Dialog Axiata Trials 5G for the First Time in South Asia

Sri Lanka yet again showcased its dominance as the regional hub for telecommunications with Dialog Axiata demonstrating 5G (Generation) Technology for the first time in South Asia, paving the way

Construction of 447 Luna Tower on schedule

The developer of luxury condominium - ‘447 Luna Tower’ - Union Place Apartments (Pvt) Ltd, a member of Belluna Co. Ltd, Japan in alliance with Asia Capital PLC, completed the pilling stage for the project in April and is on schedule to complete stage 3 (up to slab 2) in September this year.

Exporters hail Mangala for keeping SVAT

Sri Lanka’s exporters yesterday expressed their appreciation to Finance and Mass Media Minister Mangala Samaraweera for deciding to continue with the current Simplified Value Added Tax (SVAT) despite the plans of his predecessor to the contrary. 

Odel adds 10,000sqft to Alexandra Place flagship store

Odel has added another 10,000 square-feet to its flagship store at Alexandra Place, offering shopaholics an opportunity to explore internationally designed spaces built by Blocher Partners; the Germany headquartered architecture firm that designed the 645,000 square-foot Odel mall that will soon begin to take shape at the adjoining site.

A&E strategically aligns with CGS to improve productivity through tech

A&E, a global leader in premium quality industrial and consumer sewing thread, embroidery thread and technical textiles, announced this month its strategic alliance with CGS, a provider of business applications, enterprise learning and outsourcing services, to improve productivity, quality and employee motivation within manufacturing operations. 

TPL selected to provide critical emergency power to KDU Teaching Hospital

Cummins distributor Trade Promoters Limited (TPL) has been selected to provide the critical emergency power for the new 814-bed teaching hospital, the General Sir John Kotelawala Defence University (KDU) Teaching Hospital. 

Telco operators to grant 10% bonus data in response to tax removal

All licensed telecommunications operators yesterday announced that all mobile and fixed line subscribers will be granted a 10 percent bonus usage on internet packages/cards as a special gesture to mark the removal of Telecommunication Levy by the government. 

EGUARDIAN Lanka Launches First Local Technical Assistance Center for Fortinet Solutions

EGUARDIAN Lanka, a value-added distributor of Fortinet cybersecurity solutions in Sri Lanka, unveiled the country’s first Fortinet Technical Assistance Center (TAC) at World Trade Centerrecently. 

Mastercard Partners with Educate Lanka to Support Underprivileged Women in Sri Lanka

Mastercard has joined hands with Educate Lanka to empower Sri Lanka’s young women as part ofits “Doing Well, Doing Good” initiative.As part of the collaboration, Mastercard will fund a scholarship 

Amãna Bank featured at IDB Innovation Exhibition – Jeddah

In recognition of its innovative financial solutions, Amãna Bank was recently invited to take part at the Innovation Exhibition organized by the Islamic Development Bank (IDB) which was held on along

Despite margin pressure LB Finance maintains profits in 1Q

LB Finance PLC saw its margins coming under pressure as the funding cost escalated and the new loans and leases showed signs of slowing down during its most recent quarter but the company managed to maintain profitability, LB Finance interim financial accounts showed. 

PAYable draws in major investment, gears for accelerated growth

Building on the success of its growing network of merchants and customers, Sri Lanka’s fast-growing startup, PAYable, announced the successful completion of a round of funding that will set the pace for a new wave of credit and debit card usage and e-commerce led growth in the Sri Lankan economy.

Kone expands Lankan operations via agreement with Scan Technologies

Kone, a global leader in the elevator and escalator industry, has expanded its operations in the Sri Lankan market and have entered into a distribution agreement with Scan Technologies Global Private Limited, which has over ten years of experience in installing, maintaining and servicing elevators and escalators, holds a joint media conference at Hilton Colombo. 

Nestlé introduces all-new Nestomalt Plus

Nestomalt has further enhanced its nutritional profile with the launch of all-new Nestomalt Plus.  Enhanced with the goodness of oats, the new beverage is tailor-made for modern consumers with a busy routine, to support them in living an active lifestyle. Packed with vitamins and minerals, and requiring only water to be added to its unique blend of malt extract, oats and milk, Nestomalt Plus is a quick and tasty source of nutrients and energ

Nationwide prices in July unchanged at 6.3%; core inflation slightly up

Inflation, as measured by the change in the National Consumer Price Index (NCPI), which is compiled by the Census and Statistics Department, remained unchanged from the previous month at 6.3 percent in July 2017, on a year-on-year (YoY) basis. 

IPS to share findings of estate sector living wage study with stakeholders

The importance of living wage has been recognized for centuries, and it was recently encapsulated in the UN Sustainable Development Goals. 

Hambantota port: An economic factor more than a political one

When developing a country, political matters have to be clearly differentiated from economic matters, because politics leads to elections, conquering the power, establishing groups to influence public opinions and so forth, while economic matters lead to an economic development or a recession, creating employments, increasing production and exports, attracting foreign direct investments (FDIs), etc. internecine politics will take the nation nowhe

Newly-elected pharma chamber head urges need for viable pricing mechanism

The newly-elected President of the Sri Lanka Chamber of Pharmaceutical Industry (SLCPI), Shyam Sathasivam, Managing Director of Sunshine Healthcare Lanka (Pvt.) Ltd, urged the government to consult and collaborate with all key stakeholders to address the prevailing issues in the local pharmaceutical industry – particularly with regard to the formulation of a viable pricing mechanism for imported medicines.

NIOE collaborates with KPMG to conduct specialized training

The National Institute of Exports (NIOE) was set up by the National Chamber of Exporters of Sri Lanka (NCE) to conduct professional training programmes and promote professionalism in the field of exports. 

TMI Chairman and Director meet Nihon Kohden Corporation President and CEO

TMI Solutions (Pvt.) Ltd Chairman Chrisantha Mendis and TMI Solutions Director Chris Mendis visited Nihon Kohden Corporation President and CEO Hirokazu Ogino at Nihon Kohden Head Quarters Tokyo, Japan recently.

Afghanistan Charge d’affairs special guest speaker at National Chamber

Afghanistan Charge d‘affairs to Sri Lanka, Munir  Ghiasy will be the Special Guest Speaker on ‘Bilateral Trade Between Sri Lanka and Afghanistan’ on Thursday 31 August at the National Chamber, from 3.00p.m to 4.30p.m at No.450, D.R.Wijewardene Mawatha Colombo 10. 

Ambitious conference centre project in new tourism plan to boost MICE travel

The Tourism and Christian Religious Affairs Ministry is aiming for an even more ambitious conference centre project to develop MICE (meetings, incentives, conferences and exhibitions) tourism than was envisioned in the last two government budgets, according to the recently released Tourism Strategic Plan 2017-2020.

Tharanga Vithanage among Top 50 Brand Leaders of CMO Asia

Hyundai LankaSales and MarketingHeadTharanga Vithanagewas recognized amongst Asia’s Top 50 Brand Leaders at the eighth CMO Asia Awards for Excellence in Branding and Marketing, held in Singapore recently.

Sapath Systems at forefront of providing IT solutions in Sri Lanka

Sapath Systems is a one stop IT solution provider with more than 30 years of experience in the industry  offering innovative IT solutions such as remote system support and recovery, data protection, recovery and backup, cloud base solution, secure email filtering, software development and licenses, website/e-commerce solution developments, network, firewall and voice products, data and voice cabling, server and data hosting, PA, security acc

Laojee TVC’s social message promotes harmony among Lankan communities

Unilever Sri Lanka’s latest television commercial (TVC) on ‘Laojee’ tea has garnered attention and respect, breaking through the clutter of media messaging. 

SAP’s tool for successful customer engagement – design thinking

Engagement and experience are the new value adds that consumers are demanding from the brands and businesses that are clamouring to woo them. Customers are now at the head of the table, expecting agile product and service experiences. 

Ceylon Chamber Business Opportunities Bulletin; a vital source for businesses

The ‘Business Opportunities Bulletin’, a weekly publication issued by the Ceylon Chamber of Commerce is now available for subscription for the period of 2017 – 2018. The ‘Bulletin’ (BOB) is a highly valuable resource for Sri Lankan business houses, as it provides vital business information and global and local business contacts to the subscribers.