Commercial High Court dismisses APL share sale reversal case

A court case filed by a shareholder of the Mackwoods Group to reverse the sale of Agalawatte Plantations PLC (APL) shares by Group Chairman Chris Nonis was dismissed yesterday in the Commercial High Court of Colombo.

Monsieur Fox brings Beaujolais Nouveau to Waters Edge

Somewhere in the Beaujolais region of France, an intelligent fox is busy packing his bags to make a trip to a sunny island in the Indian Ocean. After picking the perfect Gamay grapes and letting them ferment for just a few weeks, Monsieur Fox will be carrying with him a barrel of the finest ‘Beaujolais Nouveau’ to tempt the taste buds of the islanders.

Rupee edges down on capital outflow fears

REUTERS: The Sri Lankan rupee fell yesterday on persistent worries of capital outflows as incoming President Donald Trump’s policies are seen aiding higher U.S. interest rates and a strong dollar. Rupee forwards were active, with the spot-next trading at 148.70/95 per dollar, compared with Thursday’s close of 148.65/75. “The rupee is pressured although there is on and off dollar selling. Some foreign banks are buying dollars,&rd

German kitchen brand Leicht unveiled in Sri Lanka

Leicht, one of the leading German kitchen brands, was unveiled to the Sri Lankan market recently, at the Sri Lanka Design Festival held in Colombo. It was introduced by Centrepoint Homes, a fully-owned subsidiary of Fairway Holdings. 

Dollar surges on rate talk, emerging markets struggle

AFP - The dollar extended gains across the board in Asian trade yesterday as investors honed in on bullish comments from Federal Reserve boss Janet Yellen on interest rates.

Fouzul Hameed to present Concept 2017 show this December

Renowned menswear specialist and Hameedia Managing Director Fouzul Hameed will continue to uplift menswear fashion in Sri Lanka, by presenting the fourth edition of the annual ‘Envoy Concept’, a showcase on December 3, 2016, under the theme ‘infini8’. 

Access Projects – Leader in construction, aluminium and ceiling

Access Projects (Pvt.) Ltd has been initially formed in 1997 as the interior contract division of Access Group of Companies. And in 2002, the division had been restructured and incorporated as a separate business entity under the name of Access Projects (Pvt.) Ltd. At the end of year 2014, Access Projects was acquired by Access Engineering PLC, the foremost civil engineering enterprise of Sri Lanka by investing on 80 percent of company’s sh

Top strategist upbeat about Sri Lanka’s future prospects

A globally-acclaimed futurist and a growth strategist who visited Sri Lanka recently said that he is very upbeat about the country’s future and its culture of innovation.

AVIC extends sponsorship support for SLDF Interior Design Exhibition

The Sri Lanka Design Festival Interior Design Exhibition 016 (SLDF IDE) recently concluded following a three-day mega event. The main sponsor for the event was Aviation Industry Corporation of China or AVIC as it is best acknowledged as. 

CFW’s Design Development program ‘Project Seven’ successfully completes first session

The unique cutting edge design development program that encourages designers of any genre and field to fine-tune their creative sensibility, Project Seven completes its first session of 2016

Synapsys, DFCC Bank’s IT subsidiary empowers businesses to optimize value chains

DFCC Bank was the Exclusive Banking Partner at the World Export Development Forum held recently in Colombo. This forum was a unique global conference and Business-to-Business 

The IASL brings insurers from all over the world together at the 12th Annual International Micro ins

The Cinnamon Grand in Colombo seemed extra alive over the past few days as Sri Lanka hosted the 12th International Micro insurance Conference. From the 15th to the 17th of November

Nation Lanka Finance sustains its turnaround and performance in H1 of 2015/2016

Nation Lanka Finance has continued to sustain its strategic turnaround and performance in the first half of the financial year ending 30th September 2016. Despite having to overcome

ATL Bags Gold in the Life Insurance category at the National Sales Congress 2016

ATL (Amãna Takaful PLC) shone at the National Sales Congress 2016 as Mohamed Niyaz Mohamed Shafraz was bestowed with the Executive/Supervisor GOLD AWARD

Fouzul Hameed to present exclusive ‘Concept 2017’ show this December

Renowned menswear specialist Fouzul Hameed will continue to uplift menswear fashion in Sri Lanka, by presenting the fourth edition of the annual ‘Envoy Concept’ a showcase 

Serendib Flour Mills conducts training session and bake-off for students of the School for the Deafi

Serendib Flour Mills recently conducted a comprehensive training session and bake-off for the children of the Ceylon School for the Deaf and Blind in Ratmalana. 

Fairway Holdings continues partnership with Soul Sounds

Fairway Holdings continued their partnership with Soul Sounds, Sri Lanka’s award winning Premier all women choir.

Rupee closes little changed amid capital outflow worries

REUTERS: The Sri Lankan rupee ended little changed on Thursday amid persistent worries about 

Govt. already mulling plan B for SriLankan?

??By Shabiya Ali Ahlam Debt-laden national carrier, SriLankan Airlines, would have to explore other 

Govt. slaps 15% VAT on locally produced milk powder

Locally produced milk powder which was hitherto exempted from the Valued Added Tax (VAT) has now been made liable with effect from January 1, 2017, an expert in tax policy and planning said this 

Harry J tells PM to seek wise counsel of corporate leaders prior to foreign tours

??By Supun Dias Business tycoon Harry Jayawardena, who is known as an outspoken personality, this 

Harry J tells PM to seek wise counsel of corporate leaders prior to foreign tours

??By Supun Dias Business tycoon Harry Jayawardena, who is known as an outspoken personality, this 

SEC relaxes rules on minimum public float

With just 44 days left on the deadline for publicly listed companies to adhere to public float 

Softlogic group feels tougher market conditions as 2Q profit narrows

Weakening consumer demand and the chal lenging economic conditions such as rising interest rates 

Government mulls blocking new hotels in tourism zones as overcapacity nears

??By Chandeepa Wettasinghe The Sri Lankan government is currently mulling the decision to restrict 

Etihad Airways and Hong Kong Airlines expand codeshare agreement

Etihad Airways, the national airline of the United Arab Emirates, has announced an expanded codeshare agreement with Hong Kong Airlines, an internationally-acclaimed Skytrax 4-star airline, to give air travellers enhanced connections between Australasia, Asia, the Middle East, Europe and North America. 

Sri Lanka Telecom to power Lanka Government Network

In a collaborative move by the national government and the Information and Communication Technology Agency of Sri Lanka (ICTA), Sri Lanka Telecom was chosen as the total communication service provider and communication infrastructure provider to the Lanka Government Network (LGN).  The LGN is a strategic project produced and designed in order to unify and upgrade government establishments by use of a single network. 

Expo Rail celebrates five years of redefining luxury train travel

Expo Rail, a subsidiary of Classic Travel, celebrated a milestone in its journey by marking the company’s 5th anniversary last month. In the short span of five years, Expo Rail has redefined rail travel in Sri Lanka driven largely by its customer care centric model employed by its team.

Citi Asia Pacific CEO in Sri Lanka

Citigroup Asia CEO Francisco Aristeguieta is in Sri Lanka to meet with government officials, regulators and key clients. Aristeguieta is responsible for all Citi businesses across 16 markets in Asia. He has the additional responsibilities for Citi’s consumer operations in the UK, Russia, Poland and the UAE.

NCC commends budget proposals for industry growth; highlights tax hike impacts

The National Chamber of Commerce (NCC) with broad representation of local small and medium enterprises (SMEs) of the country, we welcome the allocation of seed capital for SME credit guarantee scheme, allocation of funds for interest subsidy for specific SME sectors depending on revenue and employment generation capacity and infrastructure development and training for textile and handloom industry.