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.

Port City and MTI tie-up to groom Lankan entrepreneurs

CHEC Port City Colombo has signed up with MTI’s idea2fund, thus demonstrating their commitment to Sri Lanka by helping to identify and groom emerging Sri Lankan entrepreneurs.

More money alone won’t meet SDG 3

Over 20 years ago, during my second year at medical school, I spent my semester break with an Indian non-governmental organisation providing health services to the urban poor in Kolkata. I soon realized that being a doctor or a nurse accomplishes little if there isn’t enough money to pay for diagnostic tests or medicine.

China approves 10 international agricultural parks

REUTERS: China has approved plans to establish international agricultural demonstration zones in 10 countries, the agriculture ministry said on Monday, as Beijing looks to extend its influence in the global farm sector.

Colombo Dockyard delivers ‘Elutharakai’ passenger ferry to Jaffna

Colombo Dockyard successfully delivered the 40-passenger ferry built for the Jaffna District Secretariat recently at the Colombo Dockyard premises.  

NTB upgrades Pettah branch

Nations Trust Bank’s branch at Pettah (Bankshall Street) has been refurbished and is now equipped with a more spacious interior with even more facilities such as a 24/7 cash deposit machine (CDM), business banking, leasing and hire purchase, investment products, trade financing, factoring, remittance services and all other banking services. 

Save Your Monkey announces official launch with ‘Amaya’

Saveyourmonkey.com, Sri Lanka’s pioneering Insurtech startup which began operations earlier this year, announced their official launch following the trilingual launch of Sri Lanka’s first digital insurance agent, ‘Amaya’. 

Emirates’ A380 flight to Colombo, an important signal for tourism industry

Emirates’ much-anticipated one-off A380 flight to Colombo on August 14 reflects the airline’s commitment to the destination and its tourism industry and is an opportunity for Bandaranaike International Airport (BIA) to show the world that it is ‘A380-ready’ for when demand for travel to Sri Lanka necessitates scheduled flights with this iconic twin-deck super-luxury airliner, says Emirates Area Manager Sri Lanka and the Ma

Changes in Pan Asia Bank’s director board

Pan Asia Bank recently announced of two changes to its Board of Directors. 

Sunshine’s Govindasamy calls for ramping up skills of local workers

“Our labour force should step up and needs exposure to a higher level of skills if Sri Lanka is serious about seizing maximum advantage of the ‘One Belt-One Road’ (OBOR) initiative” expressed Sunshine Holding’s Group Managing Director, Vish Govindasamy, speaking at the ‘Belt and Road initiative – transformative opportunity for Sri Lanka’ panel at the recently concluded Ceylon Chamber of Commerce Sri

Plastindia Foundation invites Sri Lanka for next year’s exhibition

Plastindia Foundation of India invited Sri Lanka’s plastic industry players to take part in the largest plastic exhibition, to meet new plastic equipment suppliers and manufacturers.

SriLankan achieves superior level of on-time performance in 2017

SriLankan Airlines has recorded a consistently superior on-time performance during the first six months of this year, in comparison with its peers. The latest statistics by the global flight data tracker Flightstats.com ranks Sri Lanka’s national carrier as the fifth most punctual among 40 of the world’s leading airlines.

EFC announces first ever ILO accredited Executive Diploma in Employment Relations

Collaborating with an employers’ organization for the first time, the International Training Centre of the International Labour Organization, (ITC - ILO) recently entered into an MoU with the Employers’ Federation of Ceylon (EFC) in launching an Executive Diploma in Employment Relations in October this year. 

Royal Institute of British Architects opens Sri Lanka branch

Royal Institute of British Architects (RIBA), the parental body of the Sri Lanka Institute of Architects, established a branch in Sri Lanka last week named ‘RIBA Members : Sri Lanka’, the second RIBA membership group to be formed in the Asia Pacific region. 

Nine points to consider before making investment decisions

Given the recent stock market trends, you may be wondering whether you should make changes to your investment portfolio.  At times some investors, including bargain hunters and mattress suffers, make rapid investment decisions without considering their long-term financial goals.  

Sri Lanka–Malaysia Business Council holds 23rd Annual General Meeting

The Sri Lanka – Malaysia Business Council was inaugurated on February 23, 1994 under the aegis of the Ceylon Chamber of Commerce at the request of the Ministry of Foreign Affairs and the Board of Investment of Sri Lanka. 

Struggling Singapore Airlines offers crew unpaid leave

AFP: Singapore Airlines said yesterday it is offering cabin crew unpaid leave in a cost-cutting measure as it struggles to keep up in an increasingly tough market. 

Toyota, Mazda announce tie-up over electric vehicles, US factory

AFP: Japanese auto giant Toyota and smaller rival Mazda said yesterday they agreed a capital tie-up to focus on joint development of electric vehicles, while building a US$1.6 billion factory in the United States which will create up to 4,000 jobs.

APU Malaysia signs MOA to use Forestpin Analytics

Rimbun Forensic Advisory Sdn Bhd, the partners representing Foresptin in Malaysia, signed the memorandum of agreement (MOA) with Asia Pacific University Malaysia (APU) to enhance the undergraduate and postgraduate learning experiences on Forensic Accounting software. 

Dreamron introduces SLES-free shampoo

People around the world prefer the use of shampoo over soap because of a number of reasons.  Most of them use it to because it clears away any foreign residue, some of them because it gives a good smell or some people use them as treatments for the scalp or hair. 

Rupee, stocks little changed; dull trade ahead of long weekend

REUTERS: The Sri Lankan rupee was little changed yesterday, as mild importer demand for the dollar offset light greenback sales by banks in dull trade ahead of the long weekend, dealers said. 

Wild Stone’s promotion to give away brand-new Royal Enfield Motorbike

Wild Stone, a renowned brand of men’s body deodorant, recently introduced to the Sri Lankan market by American Remedies, announced the launch of a special promotion for consumers at an event held in Colombo.

Commerce Minster says 40% of Sri Lanka’s SMEs in food sector

A huge sub-sector within Sri Lanka’s crucial Small and Medium Enterprises (SME) that directly impacts national food supply and security is being positioned for exports. Encouraged by raging exports in this sector, Sri Lanka has begun work on the country’s first ever international standard food testing and safety centre that directly focuses even the village food producers in the country.