Imperial Spices receives NCE Gold Award

Imperial Spices, a leading spices exporting company, was presented much coveted Gold Award in 

AMF recognizes Commercial Credit’s innovative marketing strategies

Commercial Credit was declared the national winner in the Marketing Company of the Year 2016 

Senok introduces Kobelco G10 range to Lankan market

Senok Trade Combine (Pvt.) Ltd introduced the world-class Kobelco G10 range of excavators to the 

Role of BRICS in reforming global finance

BRICS (Brazil, Russia, India, China and South Africa) has established itself as a supple entente of 

Commercial Leasing opens 61tst branch in Borella

Commercial Leasing & Finance PLC (CLC) recently opened their 61st branch at D.S.Senanayake Road, Borella. 

Neil Samarasinghe appointed CEO of Dreamron Group

Neil Samarasinghe has been appointed as CEO of Dreamron Group.

Wilhelm E. Brown elected as TAASL President

Wilhelm E. Brown, General Manager of Alpha Travels & Holidays Private Limited, a member of the 

Pakistan-SL Business Councils’ joint steering committee to resolve trade issues

The second Joint Business Council Forum of Sri Lanka and Pakistan was held recently in Colombo. 

Malik holds bilateral talks with Japanese Ministers

Development Strategies and International Trade Minister Malik Samarawickrama is on an official visit to 

Eminent chartered accountants inducted to CA Sri Lanka Hall of Fame

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently paid tribute to two 

Leicht Kitchens Germany appoints Centrepoint Homes sole agent in Sri Lanka

Germany’s most innovative premium kitchen brand is finally in Sri Lanka. Leicht Kitchens Germany 

Sri Lanka tourism: A reality check

The Sri Lankan government has set a tourist arrival target of 2.2 million for this year. Despite the 

HJS Condiments clinches Gold at NCE Export Awards

HJS Condiments Ltd. the agri export division of Hayleys Agriculture Holdings Limited, won the Gold 

Etihad and Jet Airways expand UAE-India connections

Etihad Airways is expanding its scheduled services between Abu Dhabi and India as strategic partner 

Emirates double-deckers make it a New Zealand double-header

Emirates notched up a momentous double-header on October 31 when it introduced its flagship A380 double-decker aircraft on two New Zealand routes on the same day. 

CBL bags 6 awards including 2 Golds at NASCO

Ceylon Biscuits Limited (CBL), the largest Fast Moving Consumer Goods (FMCG) conglomerate in the food manufacturing industry in Sri Lanka, was one of the top winners at the recently concluded SLIM National Sales Congress Awards 2016 (NASCO) in the FMCG (Food) category.

Sri Lanka keeps key policy rates steady

Sri Lanka yesterday left the key policy rates unchanged as private sector credit saw some deceleration and inflation remained subdued. 

Moody’s says VAT hike credit positive

The increase in the value-added tax (VAT) rate from 11 percent to 15 percent will be credit positive for Sri Lanka as it will support the government’s fiscal consolidation agenda and will also put the derailed International Monetary Fund (IMF) programme back on track, according to a global credit rating agency.  

Rupee weaker; remittances prevent steeper fall

REUTERS:  The Sri Lankan rupee ended weaker yesterday due to mild importer dollar demand, but month-end inward remittances capped the fall, dealers said.

Pharma chamber denies allegations of members hoarding drugs

The country’s pharmaceutical chamber yesterday categorically denied the allegations that its members were hoarding pharmaceuticals to create an artificial shortage in the market in light of the recent government gazette significantly slashing the prices of 48 vital drugs.

NTB to raise up to Rs.5bn through listed debentures

Nations Trust Bank PLC (NTB) yesterday disclosed its plans to raise up to Rs.5 billion through a listed debenture issue.

Shares fall to 3-mth low ahead of monetary policy

REUTERS: Sri Lankan shares ended yesterday weaker at a three-month low in thin trade ahead of a monetary policy announcement by the Central Bank, as the prime minister’s plan for improving the investment climate failed to cheer the market.

Senkadagala Finance gets CSE nod to list up to Rs.3bn debentures

Senkadagala Finance PLC is gearing to raise Rs.3 billion through a listed debenture issue. The finance company has received the preliminary approval to list the debt instruments on the Colombo Stock Exchange (CSE). 

Print Point launches web2print portal

An exciting new online design and print ordering resource has been unveiled in Sri Lanka by Print Point (Pvt.) Ltd, a leading on-demand, quick-print digital printing specialist. 

Duo Software awarded Gold, Merit at NBQSA 2016

One of Sri Lanka’s leading providers of enterprise solutions for the Asia Pacific region, Duo Software (Pvt.) Ltd, has been awarded the Gold award under the Communications Applications category at National Best Quality Software Awards 2016 (NBQSA) held recently, whilst receiving two Merit awards under the categories of Research and Development and Tools and Infrastructure Applications. 

Colombo to open Intex South Asia int’l sourcing fair on Nov. 16

Intex South Asia 2016, the only international sourcing fair in South Asia that showcases the best in yarns, fabrics (apparel and denim) and clothing accessories, will welcome more than 150 exhibitors from Italy, Japan, South Africa, Korea, China, Singapore, Malaysia, Indonesia, Taiwan, Pakistan, Bangladesh and India to the Sri Lanka Exhibition & Convention Centre (SLECC), Colombo from November 16 to 18, 2016.

Galle Face Hotel supports Trail 2016

Deni A. Dukic, General Manager of Galle Face Hotel Colombo handing over a donation cheque to the Trail team. From left: Rajendra Theagarajah Director/ Chief Executive Officer at National Development Bank PLC (NDB), Deni A. Dukic, Sarinda Unamboowe Co – Founder Trail, Nathan Sivagananathan Co – Founder Trail, and Mahela Jayawardena Brand Ambassador for Trail 2016

RV Fashions wins Flame award in readymade garment category

RV Fashion was recognized at the FLAME 2016 Western Province Entrepreneur Awards recently for their contribution to the readymade  garment industry.

South Asia Textiles embarks on another mega expansion

As one of Sri Lanka’s leading textile manufacturer, having completed the initial Rs. 1 billion expansion programme, South Asia Textiles has decided to embark on another very ambitious expansion programme to infuse the very latest state-of-art textile technology and machinery into its existing factory. This investment is likely to exceed US$ 3 million at the initial stage.

Insurance industry GWP grows 17% in first half

The Sri Lankan insurance industry performed well during the first half of the year 2016 with a commendable growth of 17.01 percent, in terms of gross written premium (GWP), when compared to the same period in the year 2015. This growth is relatively higher than the growth experienced in the first half of 2015, i.e., 11.73 percent and attributable to increased premium incomes in both long-term and general insurance business sectors.