Chilavathurai will be rebuilt; industrial zone in Kondachchi: PM

Prime Minister Ranil Wickremesinghe has said that the Chilavathurai city will be rebuilt and an industrial zone will be set up in Kondachchi.

‘Meet the High Commissioner of B’desh” at National Chamber

Sri Lanka Bangladesh Business Co-operation Council of the National Chamber of Commerce, will host the High Commissioner of Bangladesh to Sri Lanka , Riaz Hamidullah, as a Special Guest Speaker on ‘Bilateral Trade Between Sri Lanka  and Bangladesh’ on February 8th  at the Chamber, from 3.00 p.m. to 4.30 p.m.

Adidas Official Partner for the FIFA World Cup Russia 2018

Adidas took great pride in participating in the historical FIFA World Cup Trophy Tour 2018 at an event held recently 

Sri Lankan youth can now enjoy all-new Nestomalt Gold with a refreshing new taste

Sri Lanka’s iconic malt beverage Nestomalt has launched a delicious new Ready-To-Drink (RTD) variant, Nestomalt Gold.

KTI Inks Deal with Faber-Castell India to Bring World’s Most Preferred Stationary

Kiddies & Toys International (KTI), Sri Lanka’s leading distributor of premium mother and childcare brands, with 

The Earl and Countess of Wessex visit Third Space Global, a UK-SL education partnership

His Royal Highness, Prince Edward, The Earl of Wessex, and Her Royal Highness, The Countess of Wessex visited Third Space

The Earl and Countess of Wessex visit the British Council, Colombo

The British Council hosted The Prince Edward, Earl of Wessex and The Countess of Wessex on Saturday 3 February, 

Allianz to acquire Janashakthi General Insurance Limited in Sri Lanka

Allianz, the global financial services leader, today announced that it has entered into an agreement with Janashakthi Insurance

DIMO ties up with HNB to enable customer-driven Mercedes-Benz and Jeep purchase solutions

Once again demonstrating their strong commitment towards customer-focused service, Diesel & Motor Engineering PLC (DIMO)

Mobitel pioneers 4.5G (4G Plus) network to revolutionize Sri Lanka

Sri Lanka’s National Mobile Service Provider, Mobitel, is proud to be the first to initiate the roll out of the 4.5G network

IASL is ready to Celebrate Life’s Superheroes

The Insurance Association of Sri Lanka (IASL), declared the commencement of the Life Insurance Sales Awards 2018

15 Days of Love At The Hilton Colombo

Love is in the air this February at the Hilton Colombo, offering exciting experiences for all ages including entertainment

Habitat for Humanity Sri Lanka on a mission to forge ‘Partnerships with Purpose’

Habitat for Humanity Sri Lanka’s (HFHSL) President and Chairman of the National Board of Directors – Lakshan Madurasinghe’s unique

EPF gets zero returns from majority of private equity investments

?The country’s largest retirement fund, the Employees’ Provident Fund (EPF), which is under the custodianship of the Central Bank, has to this day not generated any returns for the Rs.9.3 billion in private equity investments made up to 2014.

Sugar tax hits carbonated beverage volumes

The recently introduced sugar tax has begun to eat into the food and beverage sector businesses as the demand for sugary carbonated drinks has dropped by a significant margin—an indication that the higher prices have pushed away consumers from high sugar fizzy drinks. 

Higher costs weigh on Access Engineering 3Q performance

Higher costs weighed on Sri Lanka’s Access group during the December quarter (3Q18), as the leading infrastructure developer reported significantly lower profits for the period, despite a positive top line performance. 

Lankan women entrepreneurs need US $ 350mn in financing: World Bank

Sri Lankan women entrepreneurs are in need of US $ 350 million in finances, according to the World Bank Group’s private equity arm, the International Finance Corporation (IFC), which recently outlined a potential investment worth US $ 15 million in an effort to pique further investor interest in the area. 

Parent to buy Rs.3.2bn worth of land, shares from Janashakthi General

Janashakthi Insurance PLC will be purchasing fixed and portfolio investments totalling Rs.3.7 billion held by its subsidiary Janashakthi General Insurance Ltd, which is being acquired by global insurance leader Allianz S.E. for Rs.16.4 billion.

Air Asia bullish about Lanka’s  tourism industry; wants to set up local commercial team

Air Asia, the Malaysian low-cost carrier, is expecting greater tourist arrivals to Sri Lanka through its flights this year based on flight reservations so far, and is forging ahead with increasing the airline’s presence in the island. 

Eleventh Industrial Excellence Awards to be held this week

The 11th  Industrial Excellence Awards 2017 will be held on 9th February at the Ramada Colombo.The Chief Guest will be Dr. Indrajith Coomaraswamy, Governor of the Central Bank of Sri Lanka. 

Signal embarks landmark initiative to take Sri Lankan smile to the world

Signal, Unilever’s iconic oral healthcare brand, embarked on an ambitious journey to take our unique Sri Lankan smile to the world as part of its legendary Signal Sina Bo Wewa initiative this year. Collecting smiles from around the island, the Signal Sina Bo Wewa will be appointing six Sri Lankans with the most appealing smiles as the country’s first ever smile ambassadors to undertake this mission together with the brand.

Munchee receives British Retail Consortium’s ‘AA’ certification

Munchee, the flagship brand of Sri Lanka’s leading biscuit manufacturer Ceylon Biscuits Limited (CBL), was recently awarded with the prestigious ‘AA’ (Double A) certification by the internationally renowned British Retail Consortium (BRC).

CSE awarded ISO certification for quality management in HR

The Colombo Stock Exchange was recently awarded the ISO 9001: 2015 Quality Management System certificate for Human Resources by Bureau Veritas Certification Holding SAS – UK Branch, confirming that the CSE has implemented a quality management system for HR in which all processes and procedures have been carefully designed and quality-tested according to international standards.

Swadeshi Khomba launches ‘Swarnabisheka Wasana’ Promotion

Pioneer herbal personal care products manufacturer Swadeshi has invited users of Sri Lanka’s number-one herbal beauty soap ‘Khomba’, to participate in a new promotion ‘Swadeshi Khomba Swarnabisheka Wasana’ to win beautiful 22K Gold Pendants on a daily basis and environmental friendly Electric Scooters monthly.

Empire Teas clinches accolades at National Tea Awards

Empire Teas, the premier tea exporter ranked among the top three in the country, added two further accolades to its name at the recently concluded National Tea Awards organised by the Sri Lanka Tea Board.

Odel introduces oceanic Spring 2018 collection

If fashion is about dressing for the occasion, time and place, Odel’s beach-inspired Spring 2018 Collection gives inhabitants of the paradise isle and visitors the perfect attire and accessories to effect a chic seasonal makeover.

Print Mass grabs award at FCCISL 2017

Print Mass (Pvt.) Ltd, one of the leading printers in the island was rewarded with an award at the recently concluded award ceremony organised by Federation Chamber of Commerce and Industry Sri Lanka (FCCISL) held at BMICH under the patronage of President Maithripala Sirisena. Print Mass won Western Province Medium Scale  Bronze for their excellent service for the betterment of the printing sector.

Sri Lanka eyeing longer talks with China on free trade agreement

BEIJING (REUTERS): Sri Lanka wants a longer-time period to negotiate a free trade agreement with China as it is concerned about the economic impact of a rushed deal on their small country, the Sri Lankan ambassador said yesterday.

Sri Lanka catches Lazard’s eye

Recognized as one of the world’s preeminent financial advisory and asset management firms, the 170-year old Lazard has shown interest in Sri Lanka, with a visit this week by an international delegation, in co-operation with MTI Consulting. 

Singer Sri Lanka 4Q hampered by bad weather, lower disposable incomes

Singer Sri Lanka PLC’s profits fell sharply during the quarter ended in December 2017 (4Q17) as the adverse weather and weak disposable incomes hurt the consumer durables giant the most during 2017.