H.E the Ambassador Azmi Thassim held a meeting with Mr. Saleh S. Al Solami, Secretary General of Saudi Export Development Authority at SEDA in Riyadh on 6th October 2019 to discuss on the Saudi Export Program and the using of the available facilities by the Sri Lankan companies
Jungle Beach by Uga Escapes and Ulagalla by Uga Escapes Named Winners of Luxury Lifestyle Awards 2019 »
Uga Escapes, one of Sri Lanka’s most celebrated hospitality groups that prides itself with five splendid properties; Ulagalla, Jungle Beach, Uga Bay, Residence and Chena Huts has brought several international and national awards home over the years. Adding to their latest achievements, Uga Escapes once again emerged victorious when two of their properties, Jungle Beach by Uga Escapesand Ulagalla by Uga Escapeswere announced as winners at the 11th Annual ‘Luxury Lifestyle Awards 2019’ in the category of The Best Luxury Hotel in Sri Lanka.
447 Luna Tower recently marked the topping up of its tower with a traditional ceremony. The project is part of a key multi-million-dollar investment portfolio in Sri Lanka by Belluna Co. Ltd and Asia Capital PLC. Belluna Co. Ltd is reputed as one of Japan’s foremost real-estate giants with a strong track record and global presence.
Sri Lanka’s leading Health and Beauty retail chain, Healthguard—a subsidiary of Sunshine Healthcare Lanka Limited—recognised their eminently-qualified pharmacists recently, in honour of World Pharmacist Day 2019. A special event was organised at the Healthguard Training Centre in Colombo 03, which brought together all outlet supervisors along with the management team of Healthguard.
Royal Cashews (www.royalcashew.lk) Sri Lanka’s first and foremost Industrialized cashew processing company ( ISO 22000 , HACCP , ISO 14001 Certified ) was conferred with a Gold Star at the ‘Lanka Star Awards – 2019’the annual award ceremony that recognize the cream of packaging in a particular year.
Sunquick introduces evolutionary 2-liter canister for the first time in the world along with a brand new ready to drink product range »
Loved by millions all across the country, Sunquick has retained its position as the leading fruit drink in Sri Lanka for decades, and recently the brand introduced yet another novelty for the enjoyment of its loyal fans. For the first time in the world, Sunquick introduced a brand new 2-liter light-weight PET bottle complete with a 12-month shelf-life, handle and facilities for a pump, at a launch ceremony held on the 3rd of October 2019 at the Shangri La in Colombo.
Amana Bank, Sri Lanka’s torchbearer of non interest based participatory banking, was recognized amongst the Most Respected Entities in Sri Lanka in LMD’s fifteenth annual edition of ranking the country’s most respected entities.
The Board of Investment of Sri Lanka has taken another significant step forward to provide further convenience to the customers. This initiative is facilitated via LankaPay Online Payment Platform, a real-time and online payment platform of LankaClear. Such an initiative on the part of BOI clearly signifies the importance BOI places on providing a more efficient and convenient service to its customers.
Renowned educationist, philanthropist and businessman, Dr Bernard Malik, has been appointed as the Papua New Guinea Prime Minister’s Special Envoy for Trade, Investment and Education.
Sirio Ltd, a leading manufacturer of lingerie and swimwear to the European market operating under the flagship of Italy-based Calzedonia S.p.A, was recently recognized with a Merit Award in the ‘Apparel’ sector at the 23rd Presidential Export Awards.
200 rural bridges to be constructed with Rs 14 billion worth Financial Assistance from the Netherlands »
Financial Assistance from the Netherlands for Construction of Rural Bridges and Establishment of National Vocational Training Institute at Hingurakgoda, Polonnaruwa. Two agreements were signed, on Thursday 10th October 2019, between the Government of Sri Lanka and Rabobank of the Netherlands amounting to EUR 70.7 million (Approximately Rs. 14.1 billion) for construction of rural bridges and Establishment of National Vocational Training Institute at Hingurakgoda, Polonnaruwa.
Cricket Stars Mahela Jayawardena and Kumar Sangakkara - two of the most iconic cricketers produced by the country has come on board as Sri Lanka’s Brand Ambassadors for Expo 2020 Dubai organized by the Sri Lanka Export Development Board (EDB) as a public private cooperation project.
Nations Trust Bank American Express is offering Cardmembers an exclusive and exciting opportunity to win return air tickets to Singapore for themselves and a companion. All Cardmembers have to do to enter the draw is to simply swipe their Cards for Rs. 5000 or more. Each total usage of LKR 5,000/- will then entitle Cardmembers to an entry into the draw. This means the chances of winning increase with every Card usage of Rs. 5000 during the promotional period.
The Commercial Bank of Ceylon was honored with five awards at the LankaPay Technnovation Awards 2019, Sri Lanka’s only payment technology innovation awards presented for the third consecutive year.
Sri Lanka’s leading private sector bank HNB PLC, announced a breakthrough partnership with mechanized cleaning technology market leaders, Tudawe Trading, to offer exclusive leasing packages and attractive benefits for commercial cleaning machines.
Global provider of payments and financial services technology solutions, Fiserv will be joining with LankaClear as a Gold Sponsor of Sri Lanka’s first and only payment technology innovation awards, LankaPay Technnovation Awards 2019.
The Board of Investment of Sri Lanka signed an agreement with Star Class Hotel (Pvt) Ltd., to set up 67 room 5-star hotel which will be located at Mavilamada Road, Kandy.
The European Union (EU) will step up its assistance to Sri Lanka, by providing Euro 40 million (approximately LKR 7,932 million) for the implementation of Strengthening Transformation, Reconciliation and Inclusive Democratic Engagement (STRIDE) Project. Secretary to the Ministry of Finance, Dr. R. H. S. Samaratunge signed the agreement on 9th October 2019,
A consortium of leading local banks, comprising the Bank of Ceylon, NDB Bank and National Savings Bank has raised a syndicated loan of US$ 25 million (Rs 4.5 billion at current rates) for Sri Lanka’s showpiece high rise property development Altair, in a noteworthy vote of confidence in the prospects for the project as well as for the sector in general.
AmSafe Bridport (Pvt) Ltd opens new factory at BOI’s Wathupitiwala EPZ creating new production and employment opportunities »
BOI enterprise AmSafe Bridport (Pvt) Ltd opened a new Factory at Phase III at the Wathupitiwala Export Processing Zone.
LankaPropertyweb.com (LPW), Sri Lanka’s premier property site, recently tied up with Hatton National Bank (HNB) to offer its customers a range of home loan products. Through this expansion of services, LPW seeks to minimize the hassle buyers undergo in order to secure a credit facility to make a property purchase.
The Export Development Board of Sri Lanka, joined to Australia's Market Development Facility (MDF) to develop the International Wellness Tourism Strategy and Brand Development Programme for Sri Lankan Wellness Tourism through International Consultant to promote Sri Lankan Wellness Tourism in German-speaking countries.
Business News from Sri Lanka: Hilton Colombo has shown remarkable resilience and resourcefulness, despite the challenges that it has always confidence
For a record 14th year, John Keells Holdings PLC (JKH) was ranked as the Most Respected entity in Sri Lanka, in the recently released edition of LMD’s Most Respected entities issue. In terms of the 10 attribute rankings, JKH has taken the lead in seven categories, namely financial performance, management profile, honesty, dynamism, corporate culture, CSR and vision.
Raising the bar in empowering and acknowledging the contribution of pensioners, Pan Asia Bank recently conducted the Pan Asia Bank Sammana Carnival, ‘Garu Saru’, a first of its kind in the industry for its loyal customer base of government pensioners.
DFCC Bank employees along with their families carried out a beach cleaning campaign at Mount Lavinia on 21st September to commemorate “The World Clean up Day” and “The International Coastal Clean-up Day”.
The Commercial Bank of Ceylon and Associated Motorways (Private) Limited (AMW) have joined forces to offer exclusive discounts of up to Rs 375,000, attractive leasing packages and other benefits to customers leasing Suzuki vehicles.
Cinnamon Hotels and Resorts, the leisure arm of John Keells Holdings continues expansion with the opening of its newest hotel, Cinnamon Velifushi Maldives. The opening of the new resort on the island of Aarahveli is the fourth property added to its portfolio in the Maldives, and the 15th to its overall portfolio which also consists of eight resorts and three city hotels in Sri Lanka.
Oracle Corp (ORCL.N) plans to hire nearly 2,000 additional workers as part of an aggressive plan to roll out its cloud computing services to more locations around the world, its cloud chief told Reuters on Monday.
The Hambantota International Port (HIP) was represented at two premier port related technology and innovation centric summits held in Singapore. First, was the Equip Global Port Automation Summit 2019 held in August, and the other the more recent Port Maintenance and Facilities summit 2019, which provided an influential international platform for the Port and Maritime industry to interact and discuss on common port management challenges, goals and solutions.
The Colombo Stock Exchange (CSE) in association with the Securities and Exchange Commission of Sri Lanka (SEC) recently engaged the business community-based in the Eastern Province to create awareness on capital raising options available to entrepreneurs through a stock exchange listing.
The Ministry of Development Strategies and International Trade (MODSIT) and the Board of Investment of Sri Lanka held an interactive meeting titled the German Sri Lankan Fast Track Dialogue with the German investor community, to address any issues faced by investors from Germany currently operating in Sri Lanka.
Business News from Sri Lanka: SriLankan Airlines, the National Carrier of Sri Lanka and a member of the oneworld alliance, continuing
The Central Bank of Sri Lanka co-hosted the 10th Asia Cash Cycle Seminar – 2019 with Currency Research held from 23rd – 26th September 2019 at the Shangri-La Hotel, Colombo.
A felicitation ceremony organized by the People’s Bank Staff Cooperative Society members in recognition of academic excellence of their children was held at People’s Bank Training College auditorium in Colombo 5 recently.
U.S. auto sales during the third quarter for the Big Three Detroit manufacturers were mixed with General Motors pulling ahead of the pack. A falloff in demand for Ford’s popular pickups drove a decline in its overall sales.
Electric-car maker Tesla delivered a record 97,000 vehicles globally during the third quarter, an impressive milestone that still fell short of investor expectations and set a tough hurdle for CEO Elon Musk to meet his year-end goals.
Hong Kong-based Cathay Pacific Airways has appointed Karthik Radhakanthan as Head of Sales and Country Lead, Sri Lanka. He will take over from Vishnu Rajendran who has assumed another role in the organization.
John Keells Properties announced a significant milestone in Colombo's landmark Cinnamon Life development project, sharing that the complex's office tower will formally open for company in early 2020. In May, the actual property developer announced the completion of the structural job on all of its skyline-transforming development towers;
Sri Lanka’s start-up culture is thriving at Hatch. Opened just over a year ago, Hatch’s seven-story colonial building in the heart of Colombo is weaving a unique culture and breath of fresh air to the entrepreneurial landscape of the country.
Master Divers (Pvt) Ltd., the renowned marine services company, also the company behind W.A.Tucker celebrated four decades of marine experiences and pioneering specialty in underwater projects, under the theme ‘Greater Together’.
At the Kingsbury Hotel, leading the e-commerce platform Daraz.lk recently held its annual Seller Summit. Themed' Happy Selling,' the summit mapped out Daraz's strategy for sellers and concentrated on their essential role in revolutionizing the e-commerce sector.
Sri Lanka's leading private sector bank, HNB PLC was once again recognised as one of the country's top ten 'Most Admired Companies' at a gala ceremony yesterday. Organised by the International Chamber of Commerce, Sri Lanka (ICCSL) and the Chartered Institute of Management Accountants (CIMA) Sri Lanka,
Morison PLC, a fully owned subsidiary of Hemas Holdings PLC, will invest over Rs. 2.9 billion to build Sri Lanka’s largest pharmaceutical manufacturing plant in Homagama.
Over 144 German brands represented in the 6th edition of ‘Top German Brands Sri Lanka’ event, in the presence of Minister of Development Strategies and International Trade Malik Samarawickrama,
CIPM Sri Lanka, the Nation’s leader in human resource management in collaboration with the Asia Pacific Federation of Human Resource Management (APFHRM) and The World Federation of People Management Associations (WFPMA)
Stakeholders from several government agencies and private sector representatives held a two-day workshop to finalize the research report; “e-commerce readiness of Sri Lanka” which has been developed by the Commonwealth Secretariat (COMSEC), UK along with the Sri Lanka Export Development Board (EDB).
One of Sri Lanka’s premier Management Quiz Programmes, the CMI Quiz Challenge – 2019, organized by the Charted Management Institute (CMI), will be held in Colombo on October 23, under the guidance of CMI Senior Vice President Kaushal Rajapaksa.
The API Asia Conference 2019 for the first time is to be hosted in Sri Lanka on 2nd October 2019 at the Shangri-La, Colombo, organized by The Federation of Information Technology Industry (FITIS).
Toyota Motor Corp announced a 1 billion reais (£195 million) expansion at a plant in the Brazilian state of Sao Paulo, joining Volkswagen and General Motors in new investments in the region.
Singer, the country’s premier consumer products retailer appointed as the commercial distributor for Dell Technologies at a launch, which took place recently at the Kingsbury Hotel, Colombo.
One of Sri Lanka’s leading office furniture manufacturer, Alpha Industries has collaborated with Haworth and Gunnebo; global giants in the office and security solutions industry to bring-in modern, turnkey office interior solutions and security storage products to Sri Lanka.
A leading business trainer, Amintha Sugath De Silva, Chief Visionary Officer (CVO) of Vision 8 Academy received the ‘Best Trainer of the Year’ at the Business World International Organisation (BWIO) awards held recently at Hotel Taj Samudra.
After a decade’s efforts involving multiple stakeholders, the first-ever national policy for Sri Lanka’s historic cooperative sector is a reality thanks to the backing of the International Labour Organization (ILO).
Recognizing the excellence and best of service in the telecommunications industry, Ookla has once again crowned Mobitel with the Speedtest Award 2019, for having the fastest Mobile Network in Sri Lanka.
Dialog Axiata PLC, Sri Lanka’s premier connectivity provider has become the first and only telecommunications provider in the country to receive the Payment Card Industry Data Security Standard (PCI DSS) certification for the 3rd consecutive year,
The new website (www.aatsl.lk) of AAT Sri Lanka, was launched at the Annual Conference by Minister of Economic Reforms and Public Distribution Dr. Harsha de Silva.
The Chairman of the Board of Trade in Thailand and Federation of Thai Chamber of Commerce Kalin Sarasin met Minister of Development, Strategies and International Trade Malik Samarawickrama at his Ministry yesterday.
MTI Consulting has appointed new associates in major East African markets such as Kenya and Ethiopia and in the process of finalizing agreements from associates in Tanzania, Rwanda, Uganda, and other key East African markets.
DOK Solutions Lanka (Pvt) Ltd, a leading business process outsourcing service provider, recently renovated the existing computer labs of two schools, Yakawewa Vidyalaya and Pueliya Vidyalaya, in the Anuradhapura district.
Citrus Hotels that offer the island’s finest views, gourmet cuisines, star-class facilities, and quality hospitality is geared to host memorable occasions that will last a lifetime.
A Memorandum of Understanding (MoU) is to be signed between the National Chamber of Commerce of Sri Lanka and the Southern Gujarat Chamber of Commerce and Industry (SGCCI).
The Commercial Bank of Ceylon has received the honor of being named among the ‘10 Most Admired Companies’ in Sri Lanka, an award presented by the International Chamber of Commerce Sri Lanka (ICCSL) and the Chartered Institute of Management Accountants (CIMA) and for the second consecutive year.
The Sri Lankan expatriate community in Oman can now transfer funds in a fast and secure way to their loved one’s bank accounts back in Sri Lanka, through Amana Bank’s recent tie up with Oman’s leading remitter Lulu Exchange.
The 23rd Presidential Export Award Ceremony (PEA) organized by the Sri Lanka Export Development Board (EDB) was successfully held on 19th September 2019 under the patronage of His Excellency the President of Sri Lanka at the Bandaranaike Memorial International Conference Hall (BMICH), Colombo with the participation of a large number of exporters.
Today (25 September 2019) at JAIC Hilton, Colombo, the Export Development Board will introduce the country-of-origin trademark for the spices industry in Sri Lanka.
AkzoNobel Sri Lanka-SOS Children’s Villages partnership to strengthen youth employability with the Power of Paint »
AkzoNobel -the world industry leader in paints and coatings and producer of Dulux paints in Sri Lanka- has signed an agreement today with SOS Children's Villages of Sri Lanka, as part of its global Let’s Colour initiative between the two organizations.
Sri Lanka's foremost private healthcare provider, Nawaloka Hospitals, recently celebrated a 34 year legacy at the pinnacle of the Sri Lankan healthcare sector.
Commercial Bank and Dialog Axiata engages local investors at CSE – CSBA Listed Company Feature Event »
The third event of the ‘Listed Company Feature Series’ organized by the Colombo Stock Exchange (CSE) in association with the Colombo Stock Brokers Association (CSBA) was organized recently and featured Commercial Bank of Ceylon PLC and Dialog Axiata PLC.
Business Tycoon Dhammika Perera who is the Chairman of Vallibel One PLC launched an action plan to develop Sri Lanka by 2030 under the theme of "Sri Lanka 2030: A Developed Nation" yesterday (24th) at the auditorium of Sri Lanka Institute of Tourism and Hotel Management.
State-run SriLankan Airlines said that its engineering unit had become a client for Air Seychelles. In its freshly upgraded A320/A321 hangar at its Maintenance-Repair-Organization unit, SriLankan Engineering conducted an' A Check' on the first Air Seychelles Airbus A320 airplane.
Hon. Malik Samarawickrama, Minister of Development Strategies and International Trade, met at his Ministry the representatives of 6 companies which have expressed interest in starting operations at the Bingiriya Export Processing Zone.
Representatives of the Southern Gujarat Chamber of Commerce (SGCCI) were hosted by Hon. Malik Samarawickrama Minister of Development Strategies and Investment Promotion at this Ministry, for an interactive discussion.
The Ministry of Finance has made arrangements to reach people and carry out mobile service to Enterprise Sri Lanka across the nation to provide capital loans at subsidized interest rates to allow individuals to start tiny and medium-sized, self-employment or sectors in several districts over the next few days.
Brandix ' Exporter of the Year ' president awards at the Export Awards. At prestigious Presidential Export Awards 2018/2019, leaders in Apparel exports, Brandix, with a worldwide base of 60,000 Associates were awarded the' Exporter of the Year' accolade by President Maithripala Sirisena.
The ICT / BPM promotional workshop "Island of Ingenuity" was organized by the Sri Lankan Consulate General in Toronto on August 12, 2019 at the Edward Hotel, Toronto, Ontario.
From 29 August to 02 September 2019, the Consulate General of Sri Lanka in Mumbai, in collaboration with the Sri Lankan Export Development Board, effectively arranged the Production Process Improvement & Market Penetration Program-2019 for SME exporters in the Sri Lankan food industry.
At this week's September 2019 edition in Le Bourget, Paris, Texworld Paris, the undisputed leader in the supply of fabrics, components, trimmings and equipment for the clothing sector, will showcase six Sri Lankan garment manufacturers.
SriLankan Catering was presented with National Gold award by Ceylon National Chamber of Industries(CNCI) for its superior performance at the awards ceremony held recently.
Saudi Fund for Development SFD has agreed to provide a concessional loan amounting to Saudi Riyal 187.5 Million (approximately USD 50 million) to establish a Medical Faculty in the University of Sabaragamuwa. The balance USD 20.46 million will be borne by the GOSL.
High Commission of India has been offering more than 400 fully-funded slots every year to officials in various Ministries of Government of Sri Lanka and also to other eligible citizens of Sri Lanka for short-term training programs in various institutes in India to enhance their skill-sets.
The National Chamber of Exporters (NCE) organized 27th Annual Export Awards will be held on September 20, at Hotel Shangri-La in Colombo and NCE in a bid to recognize and reward the achievements of Sri Lankan Exporters in International Markets hosted a special event.
SriLankan Airlines, Sri Lanka's National Carrier and a member of the oneworld alliance, is introducing live auction for Business Class seat upgrades from today, September 17, 2019, to provide its passengers with more convenient alternatives for enjoying premium comforts.
For the first time in October, Colombo will host the 2019 API Asia Conference in an effort to help transform the ICT sector, as well as quickly monitor efforts to ensure a digitally savvy Sri Lanka. The conference will be held in Shangri-La Hotel, Colombo on 2 October and will be organized by the ICT Industry Apex Body, Sri Lanka Federation of Information Technology Industry (FITIS).
The theme' Augmented Living,' the Disrupt Asia 2019 conference organized by Sri Lanka's Information and Communication Technology Agency (ICTA), is scheduled to take place on 12 October, establishing a platform for startups to showcase their innovations globally.
The 23rd Sri Lankan Export Development Board's (EDB) Presidential Export Award Ceremony will be held at the Bandaranaike Memorial International Conference Hall (BMICH) on today, September 19, 2019 under the patronage of His Excellency the President of the Democratic Socialist Republic of Sri Lanka.
The Organization of Professional Association of Sri Lanka (OPA) annual conference was held in Cinnamon Lakeside Colombo under the patronage of President Maithripala Sirisena. Prof. Mohan Munasinghe delivered the keynote address under the theme' The Role of Sustainable Development Professionals.' The chief guest at the event was Lord Naseby, President of the All-Party British Sri Lanka Parliamentary Group in the UK Parliament.
The Finance Company PLC (TFC), a Finance Company authorized under the 2011 Finance Business Act No. 42 (FBA), was greatly affected in 2008 by the failure of several financial institutions within the Ceylinco Group.
Coats, the world’s leading industrial thread company, is launching Coats Digital. The integrated technology business brings together all its software solutions under a new single brand which describes and aligns with the offering to its customers across the apparel and footwear industries.
Textrip[ Pvt] Ltd, a subsidiary of the Elasto Group of Companies, won the 2019 CNCI Achievers Award for Achievement of Industrial Excellence in the Large Category-Manufacturing Sector and Silver Award of the Provincial Large Category-Manufacturing Sector.
Dentsu Grant Group has launched Amnet, the programmatic platform from Dentsu Aegis Network, in Sri Lanka. Amnet comprises a team of programmatic experts from the Dentsu Aegis Network, who specialize in programmatic buying, programmatic media planning, data analytics and audience data. Amnet’s mission is to build and leverage data, in order to deliver more meaningful and personalized messaging insights.
The Asian Development Bank (ADB) promotes Women's Entrepreneurship in Sri Lanka through its Entrepreneurs Finance Initiative (We-Fi)-supported Micro, Small and Medium Enterprises (SME) Line of Credit Project.
A delegation of five senior European Commission officials lately toured the Katunayake Export Processing Zone in connection with the GSP+ status of Sri Lanka. The delegation comprises Thorsten Bargfrede, Head of Political, Trade and Communication Section, Walter Van Hattum, GSP Trade Preferences, Trade and Sustainable Development Coordinator, Nikolaos Zaimis, Trade and Sustainable Development Advisor, Elina Laurinen, Senior Trade Expert, South and South East Asia, Australia, New Zealand, Trade and Rudi De
First-ever state-run Wheel Alignment Center (WAC) was launched for the four-wheel light car class, demand for its facilities peaked–not from state-owned cars, but from private car owners starving for trustworthy service.
Cinnamon's Summer Escapes 2019, a combination of three distinctive edutainment camps, including West End Theater Camp, Culinary Camp, and Summer Camp, recently effectively completed by Cinnamon at Habarana Village.
Sri Lanka's diverse conglomerate Sunshine Holdings PLC (CSE: SUN) would support the country's leading summit for important policymakers, company leaders, thought leaders, and professionals for the fifth successive year, the 2019 Economic Summit. Hosted annually by the Ceylon Chamber of Commerce (CCC), the country's leading financial event would take place at Cinnamon Grand, Colombo, on September 17 and 18.
Queen’s Hotel Kandy, one of the oldest hotels in Sri Lanka, would soon be converted to be amongst the top few luxury heritage hotels in the world. The hotel would also witness the addition of nearly 30 more room to their inventory under this upgrading drive.
Sri Lankan born Sabrina Ghouse in her newly released, thought-provoking book ‘Built to be CEO, A Woman’s Journey to the Top’ gives a powerful message to women who are undecided as to what they want to be when it comes to their careers. And she convincingly says ‘You are built to be CEO.’
Capitol TwinPeaks, the flagship residential venture of the Sanken Group, located on the Beira lakefront in Colombo 2, has recorded an increase in Sri Lankan expatriate interest in both the residential project, as well as Central Colombo’s luxury apartment market segment.