It’s a wrap at Café Mocha

In a world where life is a rat race, a good cup of coffee has gradually evolved into a vital part of our lives. Everyone from workaholics to students and even the artistic ones often look to a finely brewed cup of coffee to provide them with a boost of energy to either kick start their day, a dose of inspiration or a means to wind down after a hard day’s work.  

CMC with private sector launches litter bin project

The Colombo Municipal Council (CMC) together with Jetwing Hotels, Janasakthi Insurence, Expo Property Developers, Harpo, Hayleys, AIA Insurance, Richardson and Abans will install 1000 litter bins in an effort to keep the Colombo city streets clean.

DFCC Bank’s association with Fairway Galle Literary Festival creates a buzz

As the official banking partner for the Fairway Galle Literary Festival scheduled from January 24 to 28, 2018, DFCC Bank’s customers can look forward to enjoying a range of literary-related events at the festival. 

Samsung Sri Lanka Launches Galaxy A8+

Samsung Sri Lanka, the country’s biggest and most trusted smartphone brand, today launched Galaxy A8+

Gas price revision required to adjust current retail price in Sri Lanka

LPG retailers in Sri Lanka have been compelled to increase the price of a domestic gas cylinder due to global LPG gas price hikes that has been ongoing since October 2016.   

Singapore Trade Minister visits CCC

Singapore Trade and Industry Minister S. Iswaran this Wednesday paid an onsite visit to the Colombo City Centre (CCC), a joint venture project between Sri Lanka’s Abans group and Singapore’s Silver Needle Hospitality.

Professor Amaratunge tells CA Sri Lanka conference to be unique or face failure

Vice-Chancellor of University of Sri Jayewardenepura Professor Sampath Amaratunge recently said companies, products and individuals including professionals must harness their uniqueness or else face failure. 

SL expects upward revision in doing business ranking amid World Bank controversy

The World Bank controversy on the Ease of Doing Business Index rankings has spilled over into Sri Lanka with the World Bank contradicting a statement by Central Bank Governor Dr. Indrajit Coomaraswamy that Sri Lanka would be receiving a higher ranking.

Oil hits US $71 for first time since 2014 on tighter supply and weak dollar

REUTERS:  Oil hit US $71 a barrel yesterday for the first time since 2014, supported by OPEC-led supply curbs, a record-breaking run of declines in U.S. crude inventories and a weaker U.S. dollar.

Rupee firmer on bank, exporter dollar sales

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

High profile Japanese business delegation meets President

A group of representatives of the Japanese Chamber of Commerce and Industry (JCCI) Economic Mission, who visited Sri Lanka to explore new business and investment opportunities, met with President Maithripala Sirisena at the President’s Official Residence, in Colombo yesterday. 

SLAITO releases detailed report on how to tackle Yala over-visitation issue

The Sri Lanka Association of Inbound Tour Operators (SLAITO) has produced a detailed report on how to optimally manage the issue of over-visitation to the Yala National Park and protect the interests of all stakeholders. 

Sri Lanka mulls FTA with Indonesia

President Maithripala Sirisena and visiting Indonesian President Joko Widodo have drawn their attention towards signing a Free Trade Agreement (FTA) to promote bilateral trade between the two countries, President Sirisena’s media division said.

SLAITO hands over Impactful report which proposes equitable solution to manage over-visitation at Ya

The Sri Lanka Association of Inbound Tour Operators (SLAITO) at recent meeting with the Hon Minister of Tourism

Credence Genomics and India’s Apollo Hospitals invest in biotechnology platform

With an initial investment of US $ 3 million from both sides (on equipment and infrastructure), Sri Lanka’s Credence Genomics and India’s Apollo Hospitals Group initiated a platform that would bring the areas of healthcare, biotechnology and research together in the medical sector.

Jaffna International Trade Fair opens today

Jaffna International Trade Fair (JITF 2018), the largest Consumer Exhibition and Trade Fair in the fast-growing northern region of Sri Lanka, opens today (26th) and will go on till the 28th for the 8th consecutive year. 

FIFA World Cup™ Trophy Unveiled by His Excellency the President and Hon. Prime Minister

The FIFA World Cup™ Trophy was officially handed over to H.E. Maithripala Sirisena - President of the Democratic Socialist Republic of Sri Lanka 

New Knorr Biryani Mix adds Lip-Smacking Flavour at the Grand Finale

Starting the year on an aromatic note, the grand finale of the Biryani Challenge organized by Knorr, in partnership with Keells Super

Softlogic announces plans to raise Rs.7bn via private placement, rights

Diversified conglomerate Softlogic Holdings PLC with interests in retail, ICT, healthcare and financial services, automobile and leisure, yesterday announced plans to raise little over Rs.7 billion via a private placement and a rights issue to restructure the company balance sheet and improve its key capital ratios.

Absence of price formula, rising crude prices hamper Lanka IOC Dec. performance

The local unit of Indian Oil Corporation Limited, Lanka IOC PLC, reported a net loss of Rs.340.1 million or 64 cents a share for the October-December quarter (3Q18) from a comparable period net profit of Rs.257.5 million or 48 cents a share. 

SL-S’pore FTA not without traditional faults stemming from weak negotiations: economist

The Sri Lanka-Singapore Free Trade Agreement suffers from the traditional faults of Sri Lanka negotiating weaker free trade agreements (FTAs) and the country should look towards unilateral reforms and liberalizations instead of FTAs to get the required boost in exports, Institute of Policy Studies Chairman Professor Razeen Sally opined.

Shares recover; Ceylon Tobacco up on foreign buying

REUTERS: Sri Lankan shares rose yesterday after two straight sessions of decline, helped by gains in Ceylon Tobacco Co on foreign investor buying.

Rupee recovers from record low on bank, exporter dollar sales

REUTERS: The Sri Lankan rupee ended firmer yesterday, recovering from a record low hit in the previous session, as banks and exporters sold dollars, dealers said.

UTE hosted Caterpillar Far East Dealer Association Conference successfully concludes

United Tractor and Equipment (Pvt.) Ltd (UTE), as the sole authorised dealer in Sri Lanka for Caterpillar heavy machinery and equipment, achieved another milestone in its proud history when it hosted the annual Caterpillar Far East Dealers Association Conference (CFEDA) recently welcoming over 50 overseas representatives.

Game changing Urban.lk to revolutionise e-shopping industry

Urban.lk supplies the trendiest and the newest items all around the world, and is driven by the ambition of ‘Revolutionising the Sri Lankan shopping experience’ while guaranteeing the safety and the peace of mind customers deserve when shopping online.

Imperial Spices receives NBE Gold and Silver awards

Imperial Spices, a leading exporter of spices was presented with the much coveted Gold awards for Excellence in Business and Financial Results and Export Sector (Large Category) and a Silver award in Large category at the National Business Excellence Awards Ceremony 2017 organised by the National Chamber of Commerce of Sri Lanka.

McLarens Containers awarded ISO 9001:2015 Quality Management System Certification

McLarens Containers (Pvt.) Ltd, its associate second facility, Multimodal Container Terminal Ltd, and the Repair and Fabrication Company, McLarens Container Refurbishers Ltd, were officially awarded ISO 9001:2015 Quality Management System Certification by DNV GL Country Manager Rakitha de Silva at a ceremony held on October 20th 2017.

Emirates and Dilmah celebrate 25 years of exclusive brewing

As Sri Lanka celebrated the 150th anniversary of Ceylon Tea in 2017, Emirates marked its 25 year partnership with Dilmah, the country’s premier tea brand.

CMA to conduct ‘Company Secretarial Practice’ workshop

The Institute of Certified Management Accountants of Sri Lanka (CMA) will conduct a workshop on ‘Company Secretarial Practice’ on January 25 and 26, 2018, from 9:00 a.m. to 4:30 p.m., at Renuka City Hotel, Colombo 3.

Education Ministry signs MoU with SEC

The Education Ministry signed a memorandum of understanding (MoU) with the Securities and Exchange Commission of Sri Lanka (SEC) yesterday to formalise the provision of trilingual financial education among school teachers and students in Sri Lanka.