IPM SL commends President of Organisation of Professional Associations

IPM Sri Lanka - the nation’s leader in human resource management - paid tribute to its former President Lalith Wijetunge who was recently inducted as the President of the Organisation of Professional Associations (OPA).

FTA with Singapore – An opportunity for private sector

The International Chamber of Commerce Sri Lanka (ICCSL) welcomes Sri Lanka’s landmark ‘modern and comprehensive’ free trade agreement (FTA) between Sri Lanka and Singapore (SLSFTA), the first bilateral FTA to be signed after 20 years. 

Leading Malaysian manufacturers visit EDB

At the request of the Sri Lankan High Commission in Malaysia, the Export Development Board (EDB) met the trade delegation from the Federation of Malaysian Manufacturers (FMM) recently, at the EDB. 

B’desh HC to speak at NCC bilateral trade event

The Sri Lanka-Bangladesh Business Co-operation Council of the National Chamber of Commerce (NCC), will host Bangladesh High Commissioner to Sri Lanka Riaz Hamidullah as a special guest speaker on bilateral trade between Sri Lanka and Bangladesh on Thursday, February 8, 2018, from 3:00 p.m. to 4:30 p.m., at the chamber, No: 450, D R Wijewardene Mawatha, Colombo 10. The participants will get an opportunity to have a close dialogue with the high com

My Friend’s empowers underprivileged students to stay in school

As part of its annual CSR project, the charitable foundation, My Friend, distributed school packs to students from eight schools around the countr

DFCC Bank opens a full service branch in Nivithigala

DFCC Bank opened a new branch at Nivithigala thereby growing their network to 138 fully-fledged branches across the country.

The Fairway National Literary Competition Concludes in Tremendous Success

The Fairway National Literary Award competition reached a successful conclusion on the 26th of January at the Fairway Galle

Another First for Iconic Hill Capital Hotel

Mahaweli Reach Hotel (MRH), reputed as the first hotel to achieve 5-star status in Kandy, recently marked another

Team XYZ Emerge Champions at Virtusa LAN Challenge 2018

Team XYZ from General Sir John Kotelawala Defense University (KDU) beat team In Toxic from Informatics Institute of Technology

MullenLowe Attributes 2017 Success to “Pure Growth”

MullenLowe Sri Lanka, the fully owned operation of the multibillion-dollar New York based Inter Public Group (IPG), completed 2017

Oman Air supports exciting T20 Ice Cricket Tournament in St. Moritz

Oman Air is the Official Airline Partner and Sponsor of the St. Moritz Ice Cricket tournament which will witness two

Teejay Lanka records modest profit growth in December

Teejay Lanka PLC ended four quarters of profit declines to record a modest gain in profits in its December quarter (3Q18) as the higher volumes beat the pressing margins due to competitive prices and the higher yarn prices. 

ComBank to raise up to Rs.10bn via convertible debentures

Commercial Bank of Sri Lanka PLC (ComBank) announced they would raise extra capital by way of debentures convertible into equity as the private lender braces for higher capital adequacy requirements set to kick in from January 2019 under the new BASEL accord now in place.     

SL among frontier markets offering best value: Citi

Sri Lanka is among the top frontier markets that provide extremely attractive valuations, according to Citi frontier markets strategist Andrew Howell.

Govt. earnings from fags set to fall in 2017

The tax earnings for the government from cigarette sales are likely to experience a dip in 2017 for the first time in five years.

Container quality key to maintaining exports’ standards: experts

An information asymmetry enjoyed by container yards and shipping lines related to the quality of containers may have contributed to the recent tea export crisis to Russia, and the relevant data must be made available to other stakeholders in the supply chain, shipping industry experts said recently.

IKEA founder Ingvar Kamprad dead at 91

REUTERS: Billionaire IKEA founder Ingvar Kamprad aged 91 has died, the Swedish company said yesterday, with the furniture empire he launched more than half a century ago familiar around the globe.

A new year, a new chapter for Leo Burnett Sri Lanka

Sri Lanka’s iconic agency, Leo Burnett, is delighted to announce that the agency has embarked on a new chapter in 

Café Bagatalle – a celebration of healthy food and healthy living

Taking its name after the Colombo 03 street on which it is located, Café Bagatalle, emerges as a gastronomic have

SLPA-owned Jaya Container Terminal records steady growth since October

The Jaya Container Terminal (JCT), owned and operated by Sri Lanka Ports Authority (SLPA), has recorded steady growth in operating volumes since October 2017.  Accordingly, container operations at the JCT have increased by 5.3 percent in October, 8.2 percent in November and 13.9 percent in December 2017.  

Green Watts to construct 10 MW dendro power plant in Kalawaaragama

Green Watts (Pvt) Ltd announced plans to construct the first 10 MW dendro power plant in Sri Lanka at Kalawaaragama in the Moneragala district.  The power plant is scheduled to be commissioned in September 2018. 

President says US $58bn foreign debt under previous govt. unaccounted for

REUTERS:  Sri Lanka’s President said on Friday that more than US $58 billion, or 90 percent, of foreign loans borrowed by the previous government was unaccounted for in Finance Ministry records.

Singer Sri Lanka goes to courts over Jothipala hit song

On 19th January 2018, Singer (Sri Lanka) PLC instituted an intellectual property action bearing no. HC (Civil) 05/2018/IPin the Commercial High Court against Tissa Nagodavithana (Pvt) Ltd alleging that an unlawful demand has been made on Singer (Sri Lanka) in respect of the usage of H.R. Jothipala’s song ‘Sudupata Meedum Galala’ owing to the reason that Singer (Sri Lanka) had used the said song for one of its advertisements in r

Commerce Ministry effects 48-hour black pepper export clearance

A breakthrough in the Ceylon black pepper gridlock came this week as Sri Lanka suddenly abolished its long practiced, slow export clearance timeline on its reputed king of spices along with an announcement that the Commerce Minister himself is planning to visit New Delhi to resolve incompatibilities on the reception of Ceylon black pepper in the Indian marketplace. 

Pathfinder and NUS to hold ‘Belt & Road’ symposium in Singapore

The Pathfinder Foundation in collaboration with the Institute of South Asian Studies (ISAS) of the National University of Singapore (NUS) is planning to organize a one-day joint symposium on “The Belt and Road Initiative: the Politics, Potentials & Partnerships”. 

UK economy picks up at end of tough 2017

Many experts had predicted economic chaos in the event of a Brexit vote in the nation’s 2016 referendum, but this has so far failed to materialise. Britons narrowly voted to leave the European Union, with departure scheduled for March 2019.

Mexican minister suggests legalizing marijuana in tourist spots

AFP: Mexico’s tourism minister this week proposed legalizing recreational marijuana use in Baja California Sur and Quintana Roo, two of the country’s most popular states for tourists.

Asian dealers resume dollar-selling after Trump rally

AFP: The dollar edged back down in Asia yesterday as a Donald Trump-inspired surge petered out with analysts tipping the US unit to continue weakening. The resumption in the greenback’s sell-off reversed early gains in Tokyo, which ended down for a third day, though Hong Kong surged to new peaks in mixed equity trade.

Shares hit 2-wk closing high

REUTERS: Sri Lankan shares rose for a third straight session to hit a two-week closing high yesterday, led by telecom shares, but trading was dull as investors waited for direction amid political concerns over local-government elections next month, dealers said. 

Rupee firms as banks, exporters sell dollars in dull trade

REUTERS: The Sri Lankan rupee ended slightly firmer yesterday, further moving away from a record low hit earlier this week, as banks and exporters sold dollars in dull trade, dealers said.