‘Sri Lanka Economic Forum 2016’ kicks off today

?‘Sri Lanka Economic Forum 2016’, an initiative hosted by Prime Minister Ranil Wickremesinghe and attended by international figures such as George Soros, Joseph Stiglitz and Ricardo Hausmann, is to kick off today at Cinnamon Grand Colombo.  

The Fairway National Literary Award 2015: Trophy Unveiled

The trophy for the Fairway National Literary Award was unveiled recently at the Fairway Holdings office in Rajagiriya. The trophy, composed of granite, glass and wood

Leo Burnett recognizes Firzan Mulafer & Caryll Van Dort as Star Reachers of 2015

Leo Burnett Solutions Inc. (LBSI), the local office of the global advertising network Leo Burnett Worldwide, recently recognized Firzan Mulafer – Director, Client Services, Publicis Solutions,

Laugfs breaks ground for US $ 80mn LPG terminal

Laugfs Terminals Limited with China Huanqiu Contracting & Construction Corporation (HQC) recently broke ground for the 45, 000 metric tonnes Laugfs LPG import/export terminal at Hambantota Port, with an investment of over US $ 80 million allocated for the project.

Premier packaging exhibition ‘Lankapak-2016’ to be held in May

?To showcase state-of-the-art packaging, The Sri Lanka Institute of Packaging (SLIP) together exhibition organizer, CDC events and connected organisations have organized an all-encompassing exhibition in May 2016. 

New IMF Executive Director visits Sri Lanka for first time

?Dr. Subir Gorkan, Executive Director on the board of the International Monetary Fund representing India, Bangladesh, Bhutan and Sri Lanka met Finance Minister Ravi Karunanayake at the Finance Minister last evening (04).

MTI to evaluate Sri Lanka’s export strategy at chamber AGM

MTI Consulting CEO Hilmy Cader will be delivering the keynote at the Annual General Meeting (AGM) of the National Chambers of Exporters (NCE) on 14, at Galadari Hotel.

All entrepreneurs should be armed with latest business knowledge- FCCISL Chairman

?Small and medium scale entrepreneurs are the main shareholders of the national economy. As such they should be armed with new business knowledge to give of their best to strengthen the national economy. 

Major facelift for electricity sector in 2016

Sri Lanka’s electricity sector is gearing up to undergo a major facelift this year with the Public Utilities Commission of Sri Lanka (PUCSL) having put in place a comprehensive plan to address issues and turnaround performance.

LB Finance open doors to Kottawa

LB Finance recently opened its 104th branch (139th Gold Loan Centre) in Kottawa yesterday. 

DFCC Bank’s Jan 1st children’s savings drive ends successfully

DFCC bank conducted a successful New Year children’s savings drive. The Bank invited parents to open savings accounts for their children on New Year’s day 2016 and promised in return an additional Rs 1000 to the account. 

Seylan Bank commences work for year 2016

? Nihal Jayamanne PC – Chairman Seylan Bank PLC , Kapila Ariyaratne- Director/ Chief Executive Officer, Rear Admiral Ananda Peiris-Director, Viran Corea-Director with the Senior Management and the other officials also participated at the religious ceremonies.

Monaragala: Next hotspot for rubber?

?A Rs.2 billion UN-funded 5,000-acre rubber plantation project in Monaragala has just entered commercial production, the Colombo Rubber Traders Association (CRTA) said.

Sanken to open first US$ 50mn Maldivian resort next week

?Construction giant Sanken’s international arm, Sanken Overseas (Pvt) Ltd is planning to open its first US$ 50 million 120-room Maldivian Resort in the island of Havodda on January 14.

Sri Lanka mulls yen and renminbi bonds to strengthen reserves, for debt financing

The Central Bank of Sri Lanka (CB) may be opting for renminbi and yen denominated bonds to shore up foreign reserves and for debt financing needs of the country this year, CB Governor Arjuna Mahendran said.

CA Sri Lanka, IFAC and SAFA jointly empower Asia’s small and medium businesses

In a fresh effort aimed at empowering the Small and Medium practitioners and enterprises in the South Asian region, the Institute of Chartered Accountants of Sri Lanka together with the International Federation of Accountants (IFAC) and the South Asian Federation of Accountants (SAFA)

Lankaputhra to mark 10th anniversary with Entrepreneur Recognition Awards

Lankaputhra Development Bank (LDB) is making plans to conduct an award ceremony that recognizes the achievements of the bank’s entrepreneurs. 

ComBank on top in latest LMD 100 rankings

The Commercial Bank of Ceylon has topped the LMD 100 ranking of Sri Lanka’s leading listed companies in terms of Assets, taken second place overall on Profit After Tax (PAT) and fifth place overall on Turnover in the magazine’s just published rankings for 2014-15.

Sri Lanka and Pakistan ink bilateral agreements worth over US $ 700mn

Sri Lanka and Pakistan signed a number of memoranda of understanding valued over US$ 700 million yesterday during the launch of the Pakistan Single Country Exhibition, coinciding with the state visit of Pakistan Prime Minister Nawaz Sharif.

Pan Asia Bank shines at NBEA with two coveted awards

Pan Asia Bank was recognized with two coveted  awards at the recently held National Business Excellence Awards (NBEA) 2016 organized by the National Chamber of Commerce, becoming the only mid-size commercial bank to receive multiple awards in the ceremony.

Multilac rewards top performing dealers with Turkey tour

?Multilac demonstrated its commitment to its dealer community by taking its top performing dealers on an all-expenses paid holiday to Turkey, in line with its mission to achieve success through the triple bottom line – people, planet and profit. 

How to identify and develop your marketing data?

In today’s world of data-driven marketing, the stakes couldn’t be higher. Recently, Accenture revealed that 78 percent of customers receive a fragmented experience as they move from channel-to-channel, yet according to Mashable.com, 72 percent of consumers prefer an integrated marketing approach.

Sri Lanka Insurance honours best sales personnel

Sri Lanka Insurance awards night – Star Awards 2015 – felicitated the company’s best of the best performing sales personnel. The event was held recently at the Sirimavo Bandaranayake Exhibition Hall, with the distinguished participation of the board of directors and the senior management of Sri Lanka Insurance. 

Social entrepreneurship workshop on January 12

The Industrial Management Department of the University of Kelaniya together with the Bandaranaike Centre for International Studies and the local affiliate of Competency-based Economies Through Formation of Enterprise (CEFE) presents a workshop on ‘Social Entrepreneurship, ...

CIM Sri Lanka appoints board for 2016

The Chartered Institute of Marketing (CIM) Sri Lanka announced the appointment of the board for 2016, at the 20th Annual General Meeting (AGM) which took place recently, at Galadari Hotel, Colombo. 

What the RMB in the SDR really means

The International Monetary Fund (IMF) decided on November 30, 2015 to include China’s currency, the renminbi (RMB), in the elite basket of reserve currencies that determine the unit value of Special Drawing Rights (SDR). The SDR are used by the IMF to supplement member states’ official reserves. 

Sri Lanka’s post-war growth: Still stuck in an unsustainable strategy

?Gross domestic product (GDP) is the most common measure of a country’s prosperity; it is an imperfect means of assessing the wellbeing in an absolute sense, but the changes to GDP is a valuable indicator that the economy is progressing and of what is driving increases in employment and incomes. 

Motorised transport to have lowest priority in Port City’s transport plan

?The vision for internal transport within Colombo Port City (CPC) will give first priority to non-motorised modes of transport such as pedestrian walking and cyclists, second priority to public transportation and third priority to private motorised transport.

EASL felicitates new EDB Chairperson

?The Exporters’ Association of Sri Lanka (EASL), an affiliate of the Ceylon Chamber of Commerce, recently presented a strategy document to Export Development Board (EDB) Chairperson Indira Malwatte outlining the issues faced by the exporters.

Confectionary industry accepts Ceyoka Flavours

Local consumers are today more receptive and appreciative of food, flavours and fragrances and are hence unwilling to compromise on taste and aroma.