Laugfs Gas gets assurance over H’tota port gas pipeline construction continuity

Laugfs Gas PLC yesterday expressed confidence in the construction of the pipeline connecting its flagship LP gas terminal to the jetty in Hambantota Port continuing, following intervention from the Board of Investment and the Development Strategies and International Trade Ministry.

Rupee ends weaker on importer dollar demand

REUTERS: The Sri Lankan rupee closed weaker yesterday as dollar demand from importers and banks surpassed mild conversions by exporters, dealers said. The spot rupee ended at 153.80/85, compared with Wednesday’s close of 153.70/80.

Access Engineering sees over 10% rise in FY 2017/18 profit

REUTERS: Access Engineering Company PLC, a listed Sri Lankan firm that has partnered with Chinese companies on construction projects, expects its net profit to grow by more than 10 percent in the 2017/18 financial year, its chairman said on Wednesday.

Indian regulator bars PwC from auditing listed firms for 2 years

REUTERS: India’s capital market regulator late this week barred Price Waterhouse from auditing listed companies in the country for two years, after a probe into a nearly decade-old accounting fraud case in a software services company that became India’s biggest corporate scandal.

Government’s loan scheme to support entrepreneurs to be launched in March

Finance and Mass Media Minister Mangala Samaraweera said that one of the main proposals made in the budget to create entrepreneurs under the ‘Enterprising Sri Lanka’ programme would be launched in March. 

Trump to make surprise appearance at Davos

AFP: Donald Trump will take his populist message directly to the world’s political and business elite later this month, becoming the first US president to attend the World Economic Forum in Davos in nearly 20 years.

DFCC Bank official banking partner at Fairway Galle Literary Festival 2018

As the official banking partner for the Fairway Galle Literary Festival to be held from 24th to 28th January 2018

Adidas End-of-Season Sale offers discounts of 50%

Adidas has launched a stupendous End-of-Season Sale which offers a 50% discount on all Adidas branded

Chocolate Blackout at Hilton Colombo!

It’s hard not to fall in love with chocolates. With its luxurious form, luscious flavor, and the way it all melts in the mouth

Prestigious Mercedes Benz cars and millions of cash with ‘Mobitel Cash Bonanza 2018’

Commencing the New Year with exciting news for its customers, Mobitel has renewed its popular ‘Cash Bonanza’

Govt. to call for new oil, gas exploration bids

The third licensing round to offer offshore blocks for oil and gas exploration and development in northern Sri Lanka will take place over the next three months, according to state-run Petroleum Resource Development Secretariat (PRDS).

Top sovereign wealth funds in town to explore investment opportunities

Development Strategies and International Trade Ministry yesterday opened a two-day roundtable investment forum in Colombo with several top sovereign wealth funds (SWFs) in Asia and the Middle East.

Sri Lanka hopes to meet 60% of pharma demand locally by 2020

The government’s latest efforts in import substitution through the establishment of a pharmaceutical manufacturing zone will see 60 percent of the demand for pharmaceutical tablets and pills being met by locally made drugs by 2020, in furtherance of the vision of the late Pharmacologist Professor Senaka Bibile.

Shares end down on profit-taking

REUTERS: Sri Lankan shares ended weaker yesterday as investors sold blue chips such as Ceylon Tobacco Co, but foreign investors’ appetite for risky assets limited the downslide.

Sri Lanka’s private sector credit seen easing

Sri Lanka’s once stubborn private sector credit has finally started to ease, a sign that the monetary policy tightening measures put in place finally are having a considerable effect on the country’s credit and money flows.

LVL Energy Sept. net down 12%

Higher finance costs saw the net profits of LVL Energy Fund Limited (LVL) falling 11.9 percent to Rs.153 million during its second quarter from July-September 2017 (2Q18), compared to the corresponding quarter last year.

Browns shines at National Business Excellence Awards

Brown and Company PLC (Browns) emerged Runners Up under the Trading category at the National Business Excellence Awards 2017, hosted by the National Chamber of Commerce. 

Nature’s Agro introduces Sugar Killer Tea to Lankan market

Sugar Killer Tea, a sugar free, yet sugar-like-taste filled tea which is a hundred percent natural discovery from Sri Lanka has been introduced to the market for the first time. 

Wavemaker opens for business in Sri Lanka

Wavemaker, GroupM’s new billion-dollar revenue, media, content and technology agency created from the merger of MEC and Maxus was launched in Sri Lanka recently.  

HSBC to discuss global currency outlook for 2018

The Hongkong and Shanghai Banking Corporation (HSBC) will kick start 2018 with a ‘Power Breakfast’ for its corporate clients in the form of a discussion forum dedicated to the global currency outlook for the year ahead. 

NTB supports to develop soft skills of university students

Recognizing the importance of industry – university partnerships in preparing the youth for the future, Nations Trust Bank made certain interventions recently to develop soft skills of undergraduates and sensitize youth on sustainable development. 

CDB wins Gold at SLITAD People Development Awards again

Continuing its unrelenting winning streak during 2017, Citizen’s Development Business Finance (CDB) won yet another prestigious accolade at the SLITAD People Development Award, reemphasizing the prowess of its winning team.  

Ansell Lanka marks World Human Rights Day

In celebration of Ansell’s values and to commemorate International Human Rights Day, the company celebrated ‘World Human Rights Day 2017’ for all staff recently.

Cinnamon Life partners with top entertainment firms to bring ‘Sound of Music’ to Sri Lanka

Cinnamon Life, an integrated development by premier local conglomerate, the John Keells group, recently marked its partnership with David Ian Productions Ltd, Company Onstage Ltd and Broadway Asia Company LLC.

Pakistan’s Single Country Exhibition kicks off in Colombo tomorrow

After successfully organising a similar event in 2016 and 2017, the Trade Development Authority of Pakistan (TDAP) in association with the High Commission of Pakistan in Sri Lanka, is organising the ‘Pakistan Single Country Exhibition’ in Colombo, from January 12 to 14, 2018, for the third consecutive year.  

Hayleys Energy completes first offloading of semi-submersible oil rig in Sri Lanka

Hayleys Energy Services (HES), the pioneer in oil and gas support services in Sri Lanka, announced that it had successfully completed the offloading of the semi-submersible oil rig – Olinda Star, at the Trincomalee Port Anchorage recently. 

Dr. Sena Yaddehige receives honorary doctorate from Kelaniya University

Richard Pieris and Company PLC Chairman Dr. Sena Yaddehige was conferred an honorary doctorate by the University of Kelaniya in a recent ceremony held at the BMICH. 

Wavemaker Opens For Business In Sri Lanka

Wavemaker, GroupM’s new billion-dollar revenue, media, content and technology agency created from the merge

Amana Takaful Insurance Company successfully conducts a leadership programme

In children and the younger generation rests the future of any nation and their talents and accomplishments

Hayleys Energy Services Completes Landmark Oil Rig Offloading Project

Hayleys Energy Services, the pioneer in Oil and Gas support services in Sri Lanka, announced that it had successfully