Dipped Products 4Q net soars over better glove and plantation performance

Dipped Products PLC (DPL), the non-medical glove manufacturing unit of Hayleys group, reported a net profit of Rs.668 million or Rs.11.16 a share for its January –March quarter (4Q17) recording an increase of 145 percent from a year ago.

Softlogic bags franchise rights for Baskin-Robbins

Softlogic Restaurants (Private) Ltd., a fully owned subsidiary of Softlogic Holdings PLC has acquired the franchise rights for the import and sale of Baskin-Robbins ice cream in Sri Lanka for an undisclosed amount.

Readying to re-enter lost markets

Garment workers sewing skirts at Timex garments factory in Wattala. Sri Lankan exporters will have duty-free access to the European

Serendib Flour Mills brightens up Vesak celebrations with students and local communities

Serendib Flour Mills as part of its CSR commitment recently celebrated the religious festival of Vesak by organizing a lantern competition for 40 students from the Centre for the Education of 

SLT offers total voice/data solutions for micro and SME businesses

The Federation of Chamber of Commerce and Industry (FCCISL) with the concurrence of the Ministry of Industry and Commerce will shortly introduce a nationwide programme to bring all micro, small and medium scale businesses to a mainstream platform with the objective of lending suppo

Finance Ministry says it champions relief to country’s workforce

The Ministry of Finance stated that it has been at the helm of several pioneering initiatives to benefit the workforce, the lifeblood of this country, it said in a media release issued over May Day.

US-based East West Centre promotes cooperation amongst Asian nations

The Hawaii, U.S.-based East-West Centre’s future scenario-building forum ‘Discovering the Futures of Asia’ was held recently at Renuka City Hotel in Colombo. 

Chinese Minister visits TRI

Minister of Plantation Industry Navin Dissanayake and Chinese Agriculture Deputy Minister Chen Xiaohua inspected the Sri Lanka Tea Research Institute in Talawakele recently,

McQuireRens Corporate Training Director receives WEF17 top award 

Senela Jayasuriya, Director Corporate Training of McQuireRens Group of Companies received the prestigious WEF17 Award of ‘Iconic Women Creating a Better World for All’ at the Annual Women Economic Forum 2017. 

Nivasie’s Orchid Apartment-2 models now open to public

The Orchid- Phase 2 model apartments is opened for the public to come and experience the modern urban living style. An initiative by the premier housing project development company Nivasie 

Prime Group to power Toastmasters Ovation 2017 as strategic partner

The Annual Conference of Toastmasters District 82 – Ovation 2017 has been given a major impetus with one of the country’s most respected real estate giants Prime Group, coming on board as strategic partner. 

Niranjan Deva Aditya congratulates PM on regaining GSP Plus

The Sri Lankan-born European Parliament Member, Niranjan de S Deva Aditya, in a statement yesterday congratulated Prime Minister Ranil Wickremesinghe on Sri Lanka being granted GSP Plus status by the EU Council and the European Parliament.

‘Skechers GoWalk 04’ gives flexibility and versatility to your walking

Walking is commonly regarded to be one of the best methods through which we could combat the adverse health conditions associated with a largely sedentary lifestyle. 

Pizza Hut and Visa join hands for pizza promo

Once again, Pizza Hut, Sri Lanka’s leading pizza brand and Visa, the global leader in payments technology, have come together to offer its customers the ever popular ‘Your Visa for free Pizza’ offer.

Russel’s felicitates 150th anniversary of tea industry

Russel’s felicitated the 150th anniversary of the tea industry at Russel’s head office in Punchi Borella recently.

Pioneers’ Expo youth festival on June 3, 4

Pioneers’ Expo, Sri Lanka’s first ever youth festival organized by the United Nations Clubs of Visakha Vidyalaya and D.S. Senanayake College  will be held at Ape Gama, Colombo on June 3 and 4. 

TOTAL PR re brands as PROTEAN

TOTAL PR, one of the leading Public Relations agencies in the country, operating under aegis of the Omnicom Media Group - Sri Lanka, rebranded themselves recently as PROTEAN. Drawn from Greek 

University of Moratuwa announces Sri Lanka Design Code 2017 Exhibition

It’s a well-known fact that the University of Moratuwa is the most sought after technological university in Sri Lanka. Completing the tangle of creativity and technology, the Department of   

Over 50 foreign firms to attend ‘Sri Lanka Investment Conclave’

Senior executives and owners of over 50 foreign companies from more than 15 countries have already registered to take part in the upcoming ‘Sri Lanka Investment and Business Conclave 2017’ showing interest in exploring opportunities in diverse economic sectors of the country.

Slower consumer spending bites into Ceylon Cold Stores 4Q profits

Weak consumer demand hit the performance of Ceylon Cold Stores PLC (CCS) during the January – March quarter (4Q17) as higher inflation, interest rates and the impact of the increased value-added tax eroded the disposable income of the people, affecting the demand for the retail and beverage produce substantially.  

Prime Minister assures extensive support for exports having bagged GSP Plus

As Sri Lanka gears up to reap the benefits of GSP Plus, Prime Minister Ranil Wickremesinghe yesterday said the business community must maximize all efforts to fully capitalize on the opportunity that could be the golden ticket in reviving the nation’s dampening exports.

Employees should also benefit from GSP Plus, says Harsha

The government will work with the employers to pass on an equitable share of the benefits the exporters would gain from GSP Plus to the employees, Foreign Affairs Deputy Minister Dr. Harsha de Silva said yesterday.

Cinnamon industry stakeholders stress need for standards

The longstanding stakeholders of Sri Lanka’s cinnamon cluster yesterday alleged the newcomers are distorting the quality of the spice exported due to poor producing and processing practices and urged the government to impose minimum standards to ensure the quality.

China hopes Sri Lanka fosters good atmosphere for projects

REUTERS: China hopes that Sri Lanka can create a good legal, security and public opinion environment for its investment projects in the Indian Ocean country, Premier Li Keqiang told his visiting Sri Lankan counterpart Ranil Wickremesinghe.

Ironwood Investment announces mandatory offer on Abans Finance

 Ironwood Investment Holding (Pvt.) Ltd, a unit of private equity firm Ironwood Capital Partners, yesterday announced a mandatory offer to purchase all the remaining shares of Abans Finance PLC. The mandatory offer was announced at Rs.25 per share. However, the Abans Finance share is now trading around Rs.35-36 levels.

Mitra Innovation moving from strength to strength

Mitra Innovation, a technology innovation company based in Sri Lanka, Australia, the US and the UK was set up in 2012 by three co-founders – Ashok Suppiah (CEO), Derek Bell (COO) and Dammika Ganegama (MD).

‘Skechers GoWalk 04’ gives flexibility and versatility to your walking

Walking is commonly regarded to be one of the best methods through which we could combat the adverse health conditions associated with a largely sedentary lifestyle. 

Regaining GSP Plus for Sri Lankan exports to EU: Industry perspectives

In one day from today, the Sri Lankan exporters would once again be able to export over 6,000 products duty free to the European Union (EU) countries, giving a much-needed boost to the export sector.

CIM SL to hold second Talking Point programme and CEOs Breakfast Forum

The Chartered Institute of Marketing Sri Lanka will be hosting its second CIM Talking Point Programme and the CEOs Breakfast Forum for this year on 25th and 26th of May respectively. 

CIMA powers businesses through generations

Angelo Patrick, FCMA, CGMA (Group Director, Capital Maharaja Organisation) and his son Sohan, ACMA, CGMA (Deputy General Manager, MAS Fabrics) both began their careers with the CIMA qualification.