WiLAT organizes field visit to Finlay Cold Storage

Women in Logistics and Transport (WiLAT), the Women’s Forum of The Chartered Institute of Logistics and Transport (CILT) Sri Lanka organized a field visit to the Finlay Cold Storage (Pvt) Ltd at Welisara recently. Members of WiLAT, undergraduates and WiLAT friends joined this educational visit.

Indian entrepreneur Suboroto Bagchi to speak on ‘The Burden of Dreams’

Suboroto Bagchi, India’s best selling business author and acclaimed entrepreneur who co-founded Mindtree, a US$ 500 million global IT service company with over 15,000 employees, will be the keynote speaker at the India Day celebrations to be hosted by the Sri Lanka India Society on August 19th.

Greentel Mobile introduces first flagship smart mobile X7

Greentel Mobile introduces their Greentel X7 smart mobile phone which is undoubtedly a highlighted product that touches trendy choices of mobile fans. 

Evoke celebrates nine years of entertainment solutions in mobile industry

Evoke International is a 360-degree mobile service solutions provider, offering telecom operators a business enhancing ‘Value Added Service’ (VAS) that keeps them top of mind and current. 

Bairaha Farms appoints two new directors to board

Bairaha Farms PLC strengthened its director board recently with the appointment of two new directors.  They are M. I. Wahid, the current Group General Manager of Bairaha Farms PLC and Prof. Harischandra Abeygunawardena. 

Fortinet named leader in 2017 Gartner Magic Quadrant

Fortinet, the global leader in high-performance cyber-security solutions,announced it has been recognized as a leader in the 2017 Gartner Magic Quadrant for Enterprise Network Firewalls. 

Implementation, a national economic development imperative

We need to move beyond policy dialogue and economic summits, towards time-bound action plans and implementation. There clearly is a mutually respectful dialogue between the public and private sector today. The debates, arguments, criticisms, bouquets and brickbats, in any private or public fora, the analyses on electronic and print media and at the many workshops, seminars and summits, demonstrate a healthy dialogue – in essence, people are

Fitis and Slasscom sign MoU on collaborative efforts to use ICT

The MoU is signed between Fitis and Slasscom to achieve collaborative efforts in developing the Information and communication (ICT), knowledge services and innovation sectors of Sri Lanka on recently. 

Damro opens largest showroom in Sri Lanka

Damro Group, South Asia’s leading furniture retailer opened its largest showroom in Sri Lanka in Katubedda recently as it is on a major expansion drive throughout the country. 

LOLC group gives Sri Lanka its first Club Med resort

The most luxurious global vacation brand, Club Med, has been gifting its clients the core emotion of happiness during their stay at its 80 exclusive properties around in some of the most beautiful natural settings in the world. 

SLITHM graduates score zero unemployment

The Sri Lanka Institute of Tourism and Hotel Management (SLITHM) may well be the only seat of higher educational learning in Sri Lanka with two significant milestones in its 50 year existence. 

Aitken Spence Travels named SL’s leading DMC at World Travel Awards

Aitken Spence Travels was named as Sri Lanka’s leading destination management company at the 24th annual World Travel Awards held in the Maldives recently.

Employees may demand higher wages if prices in economy continue to go up: CB

The employees in Sri Lankan firms may start to demand higher wages, after observing the higher price levels of goods and services stemming from weather-related supply-side disruptions, the Central Bank cautioned.

Sampath Bank June profit soars 39% over exchange gains, dividend incomes

Sampath Bank PLC reported earnings of Rs.18.72 a share or Rs.3.49 billion profit for the quarter ended June 30, 2017 (2Q17), an increase of 39.1 percent from a year ago, mainly due to a jump in exchange and dividend incomes.

July tourist arrivals down 1.8%

Tourist arrivals to Sri Lanka this July fell 1.8 percent to 205,482 tourists compared to July 2016, as the Chinese tourist boom, which pushed up the market growth during the last off-season, petered out, bringing to question whether even the revised 2.2 million tourist arrival projection for this year will  be met.

Expolanka June profit down over yield pressure on key logistics business

Logistics and warehouse supplier, Expolanka Holdings PLC, saw its profits for the June quarter being adversely affected by the pressure on yields in certain key trade lanes and the losses made by the group’s other investments. 

CB says financial sector regulators warming up for close cooperation

The financial sector regulatory bodies have started closer cooperation among themselves in recent months by establishing two regulatory processes to reduce the gaps in regulatory oversight, the Central Bank said recently.

Poultry operator seeks govt.’s nod to direct import maize

Ceylon Grain Elevators PLC, a poultry group that operates a feed mill, has appealed to the government to allow it to directly import maize as the local prices remain elevated and the import restrictions have begun to hurt operations. 

Charming the tourists!

A group of foreign tourists and some local tourists watch a session of snake charming at the Victoria Park, Nuwara Eliya. 

Advantis Bunkering Further Strengthens Commitment to Safety with OHSAS Certification

Advantis Bunkering was recently awarded the International Occupational Health and Safety Assessment Series certification or OHSAS 18001:2007 by Société Générale de Surveillance (SGS

Advantis Bunkering receives OHSAS 18001:2007 certification

Advantis Bunkering was recently awarded the International Occupational Health and Safety Assessment Series certification or OHSAS 18001:2007 by Société Générale de Surveillance (SGS), the world’s leading inspection, verification, testing and certification company.

Bodum Engineering Solutions automates Sri Lanka’s livestock industry

Lanka Livestock’17 was recently held at the SLECC where Bodum Engineering Solutions Ltd, a leading knowledge-based company specializing in supplies, installation and equipment maintenance for the poultry, dairy, swine and feed industries, was the proud gold sponsor.

Richy Tea celebrates 25th anniversary

Being Sri Lanka’s largest bulk tea distributor holding 53 percent of the market share, Richy Tea celebrated its 25th year anniversary recently. 

Browns Agriculture plays key role in govt. drought assistance initiative

The Browns Agriculture Division was selected by the Government of Sri Lanka as the preferred partner in its initiative to distribute water to the drought affected communities in the country.

How Internet businesses are shaping Lankan economy

Need to go somewhere? Book a PickMe. Hungry? Why not order from quickee.lk? Need a job? everjobs.lk is your friend. And the list goes on. Sri Lanka is increasingly shaped by online start-ups, who are changing the business landscape by disrupting the traditional ways of doing everyday tasks and getting people used to smoother, easier and cheaper methods for basic activities.

Doubling down on global value chain-linked FDI

Asia and the Pacific has long been the world’s top destination for foreign direct investment (FDI), propelled by increasing trade and investment openness in the region. From 2001 to 2016, Asia’s share of global foreign direct investment (FDI) increased from 12 percent to 28 percent.

Maskeliya Plantations celebrates tea industry, estate privatization anniversaries

Strathspey Estate, managed by Maskeliya Plantations PLC, which is owned by Richard Pieris Group of Companies, recently celebrated the 150th anniversary of the tea industry and 25th anniversary after the privatization of estates from Sri Lanka State Plantations Corporation and Janatha Estates Development Board, at the Cultural Hall.

DFCC Bank selects Webxpay as payment partner

Working to enable a new paradigm in the e-Commerce led growth of Sri Lanka, DFCC Bank announced a vibrant new partnership with Webxpay to connect the bank’s customers to e-Commerce merchants. 

St. Anthony’s launches Sri Lanka’s first one-stop general hardware supermarket

St. Anthony’s Consolidated (PVT) Ltd. launched ‘Homemart’, a one-stop general hardware supermarket and homewares retailer, hosting the largest selection of the most trusted brands in the nation.

Colombo International Shopping Festival to kick-start in October

The Sri Lanka Retailers’ Association (SLRA) under the patronage of the Ministry of Tourism Development and Christian Religious Affairs and in collaboration with the Sri Lanka Tourism Promotion Bureau (SLTPB) is organizing the ‘Colombo International Shopping Festival’ (CISF) during the entire month of October.