Nestle Lanka launches Maggi Pazzta to local market

Buoyed by its success in the noodles segment, Nestlé’s iconic Maggi brand has launched Maggi Pazzta and entered the value-added pasta category.  Made with the wholesome goodness of semolina grains, which is high in fibre, Maggi Pazzta only requires cooking in hot water for five minutes for a delicious pasta meal in rich creamy cheese sauce. 

Aitken Spence Printing retains top spot in industry for 4th consecutive year

Sri Lanka’s leading printer, Aitken Spence Printing was recognized for the fourth consecutive year as the industry’s best, by winning the Gold award in the Printing and Related Services category at National Business Excellence Awards 2017.

Browns Pharmaceuticals launches 100PLUS isotonic drink in Sri Lanka

The 100PLUS isotonic drink, which is the No. 1 isotonic drink in Singapore, Malaysia and Myanmar, was launched in Sri Lanka this week. 

Shares extend fall on foreign selling

REUTERS: Sri Lankan shares fell for a seventh straight session yesterday and closed at their lowest in nearly three weeks, as foreign investors turned net sellers for the first time in 14 sessions while local players stayed on the sidelines.

CB calls for mangers to sell US $ 2bn sovereign bond

The Central Bank of Sri Lanka has published a request for proposals for lead managers/book runners for the US$ 2 billion sovereign bond issue in the coming months as well as for a potential liability management exercise.

SL to settle US$ 42mn oil money to Iran by February

Sri Lanka will settle its US$ 42 million in arrears to Iran on past oil bills this February, the International Monetary Fund said last week.

Action taken to address issues highlighted in Weliamuna report: SriLankan

Hot on the heels President Maithripala Sirisena announcing his intention to appoint a committee to probe SriLankan Airlines and Mihin Air, the struggling national carrier, SriLnkan Airlines yesterday said contrary to the popular belief, the airline’s board of directors has taken all action possible to address the internal and disciplinary issues highlighted in the J.C. Weliamuna report. 

PM visits Rigid Tyre; says development projects will go ahead despite challenges

Sri Lanka will go ahead with the development projects despite the challenges the government is facing currently, Prime Minister Ranil Wickremesinghe  said on Wednesday.

Avian Technologies hosts Kaspersky Awards Night 2018

Avian Technologies (Pvt.) Ltd., exclusive distributer of Kaspersky Lab Products in Sri Lanka and the Maldives

Hot N Spicy Stars adorn Prima Kottu Mee Calendar 2018

The 2018 Prima Kottu Mee calendar carries a host of vibrant young personalities who portray the brand’s 

SLT announces grand opening of the state-of-the-art Tier 3 “National Data Center”

Together with Ministry of Telecommunications and Digital Infrastructure (T&DI) and Sri Lanka’s leading

Sri Lanka, come ‘Taste the New language of Love’ with brand new Maggi Pazzta

Buoyed by its success in the noodles segment, Nestlé’s iconic Maggi brand has launched Maggi Pazzta

Nivasie Malabe to complete by March, making it the largest housing project

The third and final phase of the Orchid project will be completed and ready to be occupied by March this year

Qatar Airways Extends Its “Global Travel Boutique” Promotion

Qatar Airways is delighted to announce that it has extended its Global Sales Campaign for an additional three

Cabinet nod for SL-S’pore FTA subject to AG’s approval

The Sri Lankan cabinet of ministers this week gave the green light to the signing of the free trade agreement (FTA) with Singapore, which was negotiated in secret, subject to the approval from the Attorney General.

Door shut for mom-and-pop investors in BASEL III debt

The Securities and Exchange Commission (SEC) of Sri Lanka has taken measures to send away the retail investors from investing in BASEL III-compliant debt securities.    

Shares extend declines

REUTERS: Sri Lankan shares ended down for a sixth consecutive session yesterday, hitting their lowest close in more than two weeks, as retail investors sold blue chips, but foreign buying in the island nation’s risky assets capped further decline.

Govt. to refurbish GOH through PPP

The government yesterday said it would evaluate a proposal made by Singapore’s HPL Hotel & Resorts to invest and refurbish the heritage hotel, Grand Oriental Hotel (GOH), which overlooks the Colombo Port.

IPM past President Lalith Wijetunge inducted as OPA President

IPM Sri Lanka Past President Lalith Wijetunge was inducted as the 37th President of the Organisation of Professional Associations (OPA) of Sri Lanka at an Induction Ceremony held on January 4th 2018, at Cinnamon Lakeside, Colombo.

SLRBC expresses gratitude to Lankan ambassador to Russian Federation

The Sri Lanka-Russia Business Council of the Ceylon Chamber of Commerce in a statement conveyed its sincere appreciation and deep gratitude to Dr. Saman Weerasinghe, Ambassador of Sri Lanka to the Russian Federation for invaluable services rendered to the council and the country during his tenure of office as ambassador.

Book comprising academic essays on China-SL relations launched

The first copy of the  “The Island of the Lion and the Land of the Dragon - Essays on Sri Lanka – China relations”, which comprises of essays by prominent Sri Lankan and Chinese academics was handed over to all the leading daily English newspaper editors by Chinese Embassy in Sri Lanka Charge d’ Affaires Pang Chunxue.

Admiral Jayanath Colombage to delivers P.B. Karandawala Memorial Lecture

The Chartered Institute of Logistics and Transport (CILT) Sri Lanka continues its series of industry related lectures with the P.B. Karandawala Memorial Lecture titled ‘The Impact of Blue Ocean Economy to Sri Lanka’s Logistics and Transport Industry’, to be held at The Victorian Hall, The Kingsbury Hotel, Colombo, on January 25th 2018, 5:30p.m. onwards.

NDB, official banking partner for EDEX Expo 2018

Education and knowledge play an important role in all fields and the future of the country depends on how well our students are given the opportunity to pursue their careers and education. It is with this in mind that the National Development Bank PLC (NDB Bank) joined the EDEX Expo 2018 as its official banking partner.

Jaffna International Trade Fair to be held next week

The ninth edition of the Jaffna International Trade Fair (JIFT), the Northern Peninsula’s largest consumer trade exhibition, will be held from  January 26th to 28th 2018.

Apparel export earnings to shoot over US $ 4.7bn in 2017

Sri Lanka is expecting in excess of US $ 4.7 billion in apparel exports in 2017, as the 2017 cumulative exports up to November have already passed the full-year earnings figure in 2016, the country’s Industry and Commerce Minister said.

MillionSpaces – booking event spaces, redefined

MillionSpaces, a marketplace where guests can discover, pay and book unique spaces online, was recently launched

Mohamed Riyal Appointed CEO of Serendib Flour Mills

One of the leading flour mills in Sri Lanka, Serendib Flour Mills, proudly welcomes New CEO Mohamed Riyal

Everest Group Recognizes Virtusa as a Major Contender in its PEAK Matrix

Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that accelerate

Sampath Bank hosts seminars to share knowledge on int’l trade

Continuing to support businesses around the nation, Sampath Bank, one of the leading commercial banks in the country, hosted over 100 representatives of Small and Medium Enterprises (SMEs) at the second edition of the bank’s ‘Obe Diyunuwata Ape Maga Penweema’ interactive seminars on imports and exports in Galle recently.

Boosting SMEs role in exports vital: Eran

Sri Lanka’s plans to increase the contribution made by smaller-scale businesses to exports and lift foreign direct investment (FDI) in 2018 were both topics of conversation at a meeting held recently between State Minister of Finance Eran Wickramaratne and a team from Oxford Business Group (OBG).