| Top Business
Coats launches Coats Digital
Textrip wins CNCI Silver and Bronze awards 2019
Dentsu Aegis Network launches Amnet in Sri Lanka
Strong support from ADB to gender specific SME projects
European Commission delegation happy with standards
First-ever state-run Wheel Alignment Center (WAC) launches
Cinnamon Habarana hosts Summer Escapes
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.
The Sri Lanka Investment and Business Conclave 2019” will be held today at the Shangri-La Hotel Colombo.
Hyundai Motor Company today announced bans Auto as the authorized distributor for Sri Lanka. As the authorized distributor, Abans Auto will market and service the total model range of Hyundai Vehicles in Sri Lanka. The landmark agreement embodies Abans Auto’s significant brand presence and influence in the automotive industry as well as Hyundai Motor’s aim to expand further into this emerging market.
At the 15th edition of the Lanka TUK-TUK Challenge, more than 40 enthusiastic competitors from seven countries made up of 20 teams were flagged off by cricketer Rangana Herath at the Tamarind Tree Hotel in Minuwangoda. Large Minority organized the UK-TUK Challenge in collaboration with Connaissance de Ceylan.
Wickramarachchi Opticians & Hearing Care is hosting the first-ever three-day ' Sports Rehabilitation Seminar ' at the WISH Auditorium, High Leval Road, Delkanda, from October 25 to 27 in a bid to introduce a novel mode of self-employment-generating wellness facilities.
Flexible packaging for Sri Lankan Tea Industry Under BOI Agreement, Japanese investor to begin manufacturing
The Board of Investment of Sri Lanka signed an Agreement with Sugano Packing Materials Co., Ltd., a Japanese Company to establish a plant that will be manufacturing flexible packaging that will be utilized by, among other sectors, the local Tea industry. The packaging produced in Ja-Ela, Sri Lanka would be mainly flat bottomed bags.
The Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) have continued to engage regional entrepreneurs through a series of events presenting CSE’s SME listing platform, the Empower Board. The latest events were organized in Jaffna and Matara recently and followed forums organized in Anuradhapura, Negombo, Kurunegala, and Kandy.
More than 300,000 individuals visited Jaffna Muttraveli grounds to see the exhibition of Enterprise Sri Lanka held there on Monday until its third day. It said the main zone of the Enterprise Sri Lanka Exhibition, the Entrepreneurship Zone, is drawing the largest government response.
It was the celebrated opening of Footsteps on 7 September which saw more than 100 invited guests at the ceremony. Children and toddlers now have a preschool at 29, Kadawatha Road, Dehiwala. A number of parents are already flocking to the preschool.
Heritance, Kandalama, owned and operated by Aitken Spence Hotels hospitality chain, would quickly add to the hotel more sustainability characteristics.
Proactive negotiations are ongoing to finalize a crucial barter agreement between Sri Lanka and Iran to resolve the impasse over tea exports and oil import payments.
With their historic partnership with Warner Bros, Elephant House Ice Cream, Sri Lanka's famous and iconic ice cream household brand, has taken another giant leap. This game-changing partnership is set to revolutionize the country's entire FMCG landscape,
The Colombo Stock Exchange (CSE) in collaboration with the Global Reporting Initiative (GRI) will hold the first workshop of the Technical Series titled “Preparing a Sustainability Report” on 12th September 2019, from 9.30 a.m. to3:30 p.m. at the Winchester, Kingsbury.
Sri Lanka has seen a positive increase in the number of tourist arrivals from Thailand, as a result of the initiative taken by the Hon Minister of Tourism Development, Wildlife & Christian Religious Affairs, John Amaratunga to develop the untapped Thai outbound Market.
Sri Lanka Tourism Promotion Bureau hosted the Board of Directors meeting of United Federations of Travel Agents Association (UFTAA) mid-year forum 2019 in Sri Lanka. The main purpose of the event is to generate greater interest amongst the tour operators throughout the UFTTA member countries.
Over the years, SLSBC has played a catalyst role in promoting bilateral trade between the two nations
By bringing the Singer Green Inverter variety to the local air conditioning sector,
Microsoft announced a partnership with Capital Alliance Limited (CAL), Sri Lankan Investment Bank. The tech giant will assist the bank leverage cloud-enabled technology to enhance operational stability and create capital markets more effective.
The National Mobile Service Provider, Mobitel recently signed a landmark Memorandum of Understanding (MoU) with the University of Sri Jayewardenepura to co-create and co-innovate in the fields of telecommunications, 5 G, Internet of Things (IoT), Artificial Intelligence (AI) and more–with both sides exchanging their corresponding fields of expertise and knowledge towards the common objective of cooperative work.
Sri Lanka Telecom (SLT), the country's leading provider of ICT and digital solutions, was given Community Development at the 2019 Sri Lanka CSR Leadership Awards. The awards ceremony recently took place in Taj Samudra, Colombo.
Nihal Fonseka, President of the National Advisory Council (NAC) of CISI Sri Lanka, has been granted an Honorary Fellowship by the CISI worldwide professional body of financial services.
Sri Lankan tropical wear brand Pigeon Island has recently partnered with Blue Resources Trust, a non-profit marine research, conservation and education organization based in Sri Lanka, based on marine conservation and plastic recycling. Pigeon Island and Blue Resources Trust will collect studies on the status of sharks and rays in Sri Lanka through this partnership and contribute to their conservation and sustainable management.
SriLankan Airlines is celebrating 40 years of flying with a massive year-long travel fest starting on the 1st September 2019, with special discounted fares to online destinations throughout its route network on its official website Srilankan.com.
The first flight of SriLankan Airlines was made exactly forty years ago on September 1, 1979, the aircraft gracefully rising from Colombo's Bandaranaike International Airport to wing its way to Bangkok. It was the humble beginning of the four centuries of the National Carrier as the pillar of air travel and air cargo transport for the economy of the island nation.
Governments that come into power on the basis that it impacts poorly the entrepreneurs of the country, Speaker Karu Jayasuriya said, should not change the significant and essential measures on national interest taken by the respective governments under any circumstances.
In consultation with the Sri Lanka Securities and Exchange Commission (SEC), the Colombo Stock Exchange(CSE) is proposing to revise the legislative structure for initial share listing on the CSE. The aim of the practice is to extend the CSE listing rules to complement the quickly growing commercial landscape of Sri Lanka, which includes numerous new business models and sections.
Business News from Sri Lanka: As one of the many efforts to revive the tourism industry and take back the number
The third of a series of Enterprise Sri Lanka exhibitions which aims to promote enterprise culture within the island and taking the government development activities to the doorstep of the people will be held from September 7 to 10 at Jaffna Fort.
The Sri Lanka Accounting Technicians Association (AAT Sri Lanka) recently held a blood donation camp at AAT Head Office, Narahenpita. This was carried out under the theme of the AAT CSR program "AAT Samaja Mehewara," being AAT Sri Lanka's second project.
The 2019 SLAYS Conference "Research for Impact" organized by the Sri Lankan Academy of Young Scientists (SLAYS) will take place in Colombo in October. Professional global and national researchers will share their experiences with local young researchers in this forum.
The remodeled Vision Care branch was reopened at 4th Lane, Abhaya Place in Anuradhapura recently. The remodeling presents a new look to offer a better service to clients supported by advanced eye care technology.
A household name in consumer durables and diverse business in Sri Lanka, Singer Sri Lanka PLC introduced three 4WD tractor models from the world-renowned U.S. brand John Deere. Recently, the launch took place at Waters ' Edge.
D. Samson & Sons (Pvt) Ltd, DSI Footcandy's e-commerce platform (www.dsifootcandy.lk) won the Best E-Commerce Website Silver Award at the bestweb.lk awards conducted by LK Domain Registry on August 8.
Associated Motorways (Private) Limited, a trailblazer in the automotive segment of Sri Lanka, recently introduced the YamahaMT-15 to the Sri Lankan market at a packed event at Waters Edge.
Digital X, a programmatic and data marketing company in Sri Lanka which brings innovation to ‘Digital Marketing through Real-Time bidding, Data, and Technology, launched its novel full-stack programmatic advertising ecosystem, AdStudio, at a media event recently.
Premier hospitality chain, Aitken Spence Hotels, reaffirmed their position as leaders in sustainable hospitality with four Heritance Hotels & Resorts properties walking away with multiple accolades at the National Sustainability Tourism Certification (NSTC) ceremony held on 5th August 2019.
Sri Lanka’s most trusted Internationally accredited healthcare provider, Hemas Hospitals, recently renewed its revolutionary partnership with the National Insurance Trust Fund (NITF) with a major upgrade to its extensive portfolio of healthcare benefits and services offered to state sector employees.
Dialog Axiata PLC partnered Hutchison Telecommunications (Hutch) to onboard Hutch subscribers to Dialog’s ground-breaking ‘Govi Mithuru’ platform (‘Uzhavar Thozhan’ in Tamil),
The Sri Lanka Export Development Board (EDB) is implementing a domestic program to feed 2,000 fresh entrepreneurs to become regional exporters between 2017 and 2022.
At the Movenpick Hotel, Colombo, Panasian Power (PAP), one of Sri Lanka's leading providers of green energy solutions, recently held its opening investor meeting. More than 40 high-profile investors, members of major brokerage firms and bankers attended the event.
PickMe, Sri Lanka's own technology-driven digital mobility solutions provider, announced a partnership with McLarens Lubricants Limited (Mobil), in line with the company's efforts to improve and add value to its driver-partners.
Recently, the diversified LAUGFS Holdings conglomerate extended another initiative in partnership with HelpAge Sri Lanka (HASL) to provide free Medical and Eye Camp including cataract surgery for nearly 250 parents employees.
Munchee was the sponsor of the recently held 42nd SIGNIS Salutation Awards at the BMICH, where numerous awards were presented to Sri Lankan television and cinema artists in recognition of their outstanding contributions to the respective areas.
AVIC International, a globally respected corporation that manages 110 branches in over 50 countries, has been existing in the world enterprise arena for over forty years. AVIC International is a global enterprise and a Fortune 500 company based in China.
Sri Lanka's Investment Board recently held a Business and Investment Forum at Ahmedabad's Gujarat Chamber of Commerce & Industry (GCCI), targeting members of the Chamber. The Sri Lankan High Commission in New Delhi and the Sri Lankan Consulate General in Mumbai supported this Forum.
Revolutionary filter technology has been developed in Sri Lanka to use aluminum waste for treating waste-water in the textile industry. The new process is a sustainable closed-loop model which creatively uses the waste from aluminum anodizing to treat the waste-water from the textile industry and any final waste is converted into eco-bricks.
The SLIIT Faculty of Engineering brought glory for the Institute securing 2nd place at the 1st International Energy and Electricity Market Business Decision Simulation Competition held in China recently.
Consolidating its reputation as one of Sri Lanka’s most dynamic telcos and the preferred brand for young Sri Lankans, Airtel Lanka announced another exceptional performance at the recently concluded CMO Asia Awards 2019, bringing home a total of three awards.
CavinKare, one of India's leading FCMG conglomerates, recently started local manufacturing activities for its famous hair color brand, Indica Easy, opening a state-of-the-art plant in Horana's BOI Zone.
Cream Soda, Necto and Orange Crush, Sri Lanka's most beloved and iconic drink brands, merged the classic ice cream flavour and introduced a new variety of ice cream popsicles–Cream Soda ICE, Necto ICE and Orange Crush ICE.
Hilton Colombo Residences has introduced its new "Soap for Hope" soap recycling initiative Hilton Colombo Residences will partner with sister hotels Hilton Colombo,
The FOT 2019 summit this year will feature an exclusive line-up of speakers and in-depth talks with top marketers in the destination and experts in the travel industry.
Hemas Travels, a fully-owned subsidiary of the diversified conglomerate Hemas Holdings opened its very first suburban branch in Nawala.
Sarvodaya Development Finance (SDF), a licensed Finance Company authorized by Sri Lanka's Central Bank, participated in the Thornton Hike Event Management Company's first-ever hiking competition, "Thornton Hike 2019."
Sri Lanka’s leading Systems Integrator and Information Systems Provider Millennium I.T. E.S.P. (Pvt) Ltd., (Millennium IT ESP) announced the launch of its new corporate brand identity, its purpose, redesigned logo, and values.
At the 2019 Inter Insurance Company Quiz Competition, LOLC Life Assurance emerged as winners by defeating some of the strong industry contenders. The Sri Lanka Insurance Institute organized the contest and recently took place at the Sri Lanka Foundation Institute. The event was arranged to foster friendship and fellowship among the fraternity of insurance.
In line with the new corporate strategy, we plan to reposition DIMO to grow competitively and profitably considering the challenges of the future said Chairman and Managing Director Ranjith Pandithage.
The smartphone brand OPPO was identified as the 2019 Phone Manufacturer of the Year by the WhistleOut comparison site. The Best Phone Design for 2019 was also awarded to the OPPO Reno5G.
Recently, Hemas Hospitals established its first facility in Mahe, Seychelles, overseas. The facility is the first fully-fledged laboratory to be developed outside the country by a Sri Lankan hospital chain, offering an extensive portfolio of over 3,000 medical tests.
Teejay Lanka PLC, one of the largest knit fabric providers in South Asia, has announced an extension of its support to the University of Moratuwa for another two years, further strengthening a long-standing and mutually beneficial partnership.
During the quarter ended June 30, 2019, Softlogic Holdings top line saw a 7 percent increase to Rs. 17.1 billion following the decrease in customer demand and company sentiments.
Osaka Property Developers launched Osaka Heights in Kirulapone, another super luxury housing scheme. The huge residential apartment project comes as a joint venture with Leeway Developers, India's leading building firm with 20 years of real estate and villas and high-rise building experience.
The e-commerce platform of the D. Samson & Sons (Pvt) Ltd, DSI Footcandy secured the Silver Award for the Best E-Commerce Website at the bestweb.lk awards held by LK Domain Registry, recently.
Blue Lagoon Aquaculture (Pvt) Ltd, a longstanding shrimp researchers in shrimp breeding and farming in Sri Lanka, join hands with Taprobane Seafoods Group, pioneers in Pasteurized Crab Meat and Sri Lanka’s first SPF (Specific Pathogens Free) Penaeus Vannamei (white leg shrimp) Shrimp farming, to introduce modern aquaculture practices in SPF Penaeus Monodon (Black Tiger) hatcheries.
Perfect Business Solution Services (PBSS) Group recently hosted a workshop at the Taj Samudra Hotel Colombo on Digital Transformation with SAP Business One. The workshop was attended by top SAP Business One officials along with over 100 potential industry-related customers and top management of PBSS.
With effect from 1 August 2019, SimCentric Technologies has appointed Haridhu Abeygoonaratne as Managing Director of the company. With this fresh appointment, Abeygoonaratne will supervise SimCentric Technologies, a worldwide leader in advanced software simulation solutions, business strategy and activities.
Prime Minister Ranil Wickremesinghe opened on last Saturday at Lewwanduwa, Welipenna, the world-renowned Mahindra and Mahindra Ltd of India and Ideal Lanka (Pvt.) Ltd of Sri Lanka, the first-ever joint automotive assembly plant in Sri Lanka.
State Minister Budhika Pathirana suggests small and medium-sized industrialists will be implemented with an insurance system. He said this as he joined a function to declare Uhana, Ampara, open a handicraft store.
Singer Sri Lanka signed a trade agreement with the SVEAM Company of Vietnam as the sole agent in Sri Lanka for agriculture industry equipment including VIKYNO two wheeler and mini tiller, recently. Singer Sri Lanka has been a leading company introducing agricultural machines and equipment to the local market and holds the franchise for VIKYNO Farm Master two wheeler tractor from 2013.
Toyota Lanka (Pvt) Ltd, the sole authorized dealer for Toyota vehicles and spare parts in Sri Lanka recently held its annual dealer convention at the Bandaragama Karting Circuit. The event was held to reward 235 authorized dealers of Toyota Lanka, Toyota genuine motor oil and Toyota genuine spare parts.
Business News from Sri Lanka: For the sixth time, Gamma Pizzakraft Lanka (Pvt.) Ltd, currently the sole franchisor of Pizza Hut
The popular one-stop, general hardware and homeware supermarket in Sri Lanka,' HOMEMART' has recently expanded to the IT hub in Colombo, Orion City. Powered by St. Anthony's Hardware (Pvt) Ltd.,' HOMEMART,' the novel general hardware supermarket and homeware retailers have gained immense popularity since they first opened their doors in Nawala in 2017, displaying the largest selection of the most trusted brands in the nation at the most competitive prices.
Saiva Mangaiyar Vidyalayam, (Hindu Ladies College), Colombo 6, recently hosted a Diabetes Screening and Lecture Program. This program was jointly organized by the College's Teachers ' Guild and Maruthai Ravindhiran, Motivational and Life Management Coach, at the College's Auditorium as per his' Vision Better Health For All.'
Empowerment is given utmost importance as every member of the Fashion Bug team is encouraged to contribute to every aspect of the business and grow in their career leading to not only the growth of employees but also of the organization.
Since the start of operations, access has become one of the major conglomerates in Sri Lanka as the sole agent for a host of Japanese businesses in the country back in 1989. Over the previous 30 years, the firm has continuously grown in ability and diversified into many fields, substantially contributing to the country's economy's development.
Set along the magnificent stretch of golden sandy beaches in the southern coastline of Sri Lanka, Golden Pearl Tangalle Beach is a paradisiac escape for anyone looking to indulge in an unforgettable beach holiday. The hotel very recently won a silver award under the travel and tourism category at BestWeb.lk 2019 in recognition of its efforts in the digital sphere.
INSEE Cement, Sri Lanka’s premier manufacturer of cement, has launched the double Golden Jubilee celebration of its Puttalam cement plant and founding company by offering customers over LKR 3 million worth of gold coins via a grand promotion currently activated island-wide. The campaign concludes on September 26.
COYLE with JETRO bring Sri Lanka Corporate Health and Productivity Awards for second consecutive year
For the second successive year, the Chamber of Young Lankan Entrepreneurs (COYLE) in collaboration with Japan External Trade Cooperation (JETRO) organized' Sri Lanka Corporate Health and Productivity Awards,' which are anticipated to attract a good deal of concern from company and young entrepreneurs.
Dialog Foundation, Shangri-La help revive dreams of children affected by Easter blasts in Kochchikade
In an effort to inspire and revive the dreams of the children affected by the tragic incidents in Kochchikade which occurred on Easter Sunday, Rally to Care initiative by Dialog Foundation and the Shangri-La Hotel, Colombo launched a unique programme, where more than 70 affected children were
At the SLIM Business School in Colombo, Sri Lanka Institute of Marketing (SLIM) held the Inauguration Ceremony of the Entrepreneurial Marketing Certificate. Suranjith Swaris, SLIM's President, Roshan Fernando, SLIM's Vice President of Education, and Sanath Senanayake, SLIM's CEO and ED, together with other distinguished visitors, graced the occasion.
Colombo Dockyard PLC, Sri Lanka’s premier ship repair and shipbuilding facility celebrates its 45th-anniversary last week. Colombo Dockyard operates in collaboration with Onomichi Dockyard Company Ltd of Japan and the collaboration has enabled the Shipyard to combine the skills and competence of a fully Sri Lankan workforce in Japanese technological know-how. Colombo Dockyard is regarded as Japan's flagship investment in Sri Lanka.
At the latest Sri Lankan Leadership Awards 2019 held at Hotel Taj Samudra, the creative boutique agency TAC (Tharindu Ameresekere Consulting) has been acknowledged as the Social Media Area of the Year.
In partnership with the Securities and Exchange Commission, the Colombo Stock Exchange (CSE) has continued to increase awareness among prospective issuers of access to financing through public markets by organizing an exclusive forum recently for membership of the Federation of Information Technology Industry Sri Lanka (FITIS).
The 40-year-old Sri Lankan Export Development Board[ EDB] on 1 August is the leading state organization for export development and promotion. As a Policy Advisor, Monitor, Promoter, Facilitator and Knowledge Provider, the Board performs countless roles in the export industry of the economy in fulfilling its duties of implementing policies to achieve domestic export objectives.
Expack Corrugated Cartons (Pvt) Ltd, the country’s premier leading corrugated packaging solutions provider, was recognized among Best Workplaces in Asia for 2019 for the first time under the small and medium-size category in addition to also making it to the list of Sri Lanka's 25 Best Workplaces by Great Place to Work for the second successive year.
Recently, numerous award-winning internationally accredited healthcare provider Lanka Hospitals has become the first hospital in Sri Lanka to be certified by autonomous analysts at Great Place to Work in Sri Lanka as a excellent workplace. In anonymous studies undertaken by the Great Place to Work Institute, Lanka Hospitals gained the credential based on comprehensive scores given by its staff.
PickMe, the homegrown mobility solutions network powered by Sri Lanka's homegrown technology, has purchased Yamu, the website/app for informative wine and dining information across Sri Lanka. Commenting on the acquisition, YAMU founder Indrajit Samarajiva said, "YAMU has been close to PickMe since they began and I can't believe of a better location to finish. In my view, PickMe is Sri Lanka's only real start-up-one that has attained explosive development and continues to grow.
DFCC Bank, a fully fledged, dynamic commercial and development bank in Sri Lanka, recently entered into an MOU with Senok Commercial Vehicles (Pvt) Ltd on July 2, for a period of six months. attended by members of the senior management of both institutions, the MOU solidified DFCC’s collaboration and partnership with Senok Commercial Vehicles, resulting in offering many vehicle leasing benefits to its customers.
Power World Gyms, the leading fitness chain in Sri Lanka and India with a total network of 90 gyms serving over 100,000 members, recently announced an innovative franchising opportunity for its already-established gyms as part of the company’s long-term sustainable growth strategy.
In July 2018, EDB, in cooperation with the Sri Lankan Association of Rubber Product Manufacturers and Exporters (SLAMERP) and the Sri Lankan Plastic and Rubber Institute (PRISL), arranged a two-day workshop on Product Innovation, Technology and R&D to upgrade the understanding of tire manufacturers / exporters by acquiring technical expert services from India.
Dnata Travel Group Managing Board Chief, Iain Andrew, toured Sri Lanka lately to meet with tourism authorities and evaluate the scenario on the ground in an on-the-ground manner.
In the second year in a row, the Export Development Board of Sri Lanka (EDB) organized a Sri Lankan pavilion for the 2019 edition.
CEO Piramal Glass Ceylon (PGC) Sanjay Tiwari is going to assume the position of Piramal Glass USA Inc.'s Chief Executive Officer next month. He will completely handle Piramal Glass ' US activities but will also remain in charge of Sri Lanka's second home.
A major publicity company, Holmes Pollard & Stott (HP&S), has partnered with IKON, the fastest increasing digital media agency, to provide customers with complete marketing alternatives.
Samsung Sri Lanka shows the new Galaxy A80, the world's first rotating3-pixel camera–a smartphone for people's live era.
Following a Rs 350 million investment in order that the quality of a product category that has already taken a major market share of 33 percent should be enhanced further, a major tire brand CEAT has revealed a fresh series of radial bulls in Sri Lanka.
Sri Lanka as a developing country has long moved away from traditional exports including commodities, in view of the need for the Country to diversify the Export basket of Products and Services, to keep abreast of the competition from peer countries in the Asian Region. In this context although Value Addition to raw materials and intermediate products, Innovation and Differentiation of Products and Services to distinguish them from those of competitors, and the development and promotion of Sri Lankan Brands of Products and Services to establish an Image and unique Identity to ensure customer loyalty, the work carried out and results achieved by Sri Lankan Export Oriented Enterprises are inadequate for the future sustainability in export market.
The Department of Transport and Civil Aviation said India had supplied S-13 trains via a Class M11 motor to Sri Lanka. The trains are provided to the government of Sri Lanka with a loan from the Indian government. It is expected that in three weeks M11 engine and S13 multiple-unit diesel train will reach Colombo in India.
Sri Lanka's Securities and Exchange Commission (SEC) stressed the need to separate the Chairman and CEO of listed companies, as well as invite the public and all stakeholders to make written submissions on this step.
The administration should continue to tackle questions raised in the Easy to Do Business Index across the board. Many of them were outlined and policy aspirations presented in the 2025 Vision Strategy initiated in October 2017 by the President and the Prime Minister.
The second annual bilateral dialog between the Pathfinder Foundation (PF) and the National Maritime Foundation, NMF, was held in New Delhi lately, following their continuing professional and mental commitment.
Arinma Holdings wins the Diversity impact Award for their exceptional prowess in employment diversity throughout the group of companies. The 14th Employer Brand Awards was held at the Taj Samudra - Colombo the 17th of July 2019.
The National Information and Communication Technology Solutions Provider in the nation, Sri Lanka Telecom, recently hosted eighteen regional activities parallel to the launch of the National Digital Roadmap under the theme of "SMART Sri Lanka."
Sri Lanka will resume exporting tea to Iran shortly, according to the Minister of Plantation Industries, Navin Dissanayaka, through a joint contract signed between the Sri Lanka Tea Board (SLTB), the Ceylon Petroleum Corporation (CPC), and Iran.
This year's award was given to the NGage Strategic Alliance with the Brand Leadership Award at the Mumbai World Marketing Conference, which organizes annual CMO Asia's programs to acknowledge Asian organizations, brands and people who have proved their excellence.
By upgrading its high-tech hub in Walpola to a completely modernized plant, the HUTCH, one of Sri Lanka's fastest increasing mobile communications providers has strengthened its place on the market.
The firm said in its Stock Exchange filing that LOLC Holdings PLC (LO LC) has sold 2 618,567,000 (62.35%) shares held at average prices in the business LOLC Finance PLC of Rs 3.40% per share.
The Minister of Planting Industries Navin Dissanayake yesterday advised the Ministry of Plantation to take action on the growth of cashew plantations in the northern province of Sri Lanka. The Minister advised the Sri Lankan Cashew Corporation to take steps to establish cashew plantations The Minister of Planting Industry Navin Dissanayake.
Jetstar Airways, an Australian low-cost airline headquartered in Melbourne, will be operating flights to Sri Lanka in the near future, said David Holly. Jetstar, High Commissioner for Australia in Sri Lanka & Maldives, is a wholly-owned subsidiary of Qantas, established in reaction to the low-cost Virgin Blue contest.
PickMe Food, PickMe's latest venture, Sri Lanka's native technology-driven mobility solutions supplier, introduced its services in Kandy City. With its Ride Sharing services, PickMe has already established a strong presence in Kandy. PickMe Food has effectively served restaurants and clients in Colombo and its suburbs covering Nugegoda, Moratuwa, Ratmalana, Mount Lavinia and recently Rajagiriya and Kotte.
To coincide with the company’s 23rd anniversary PLC has introduced ‘People’s Leasing Petrol Peraliya’ scheme to pay gratitude to its leasing customers. This is an innovative and unreachable scheme that has not yet been tried out by any other bank or finance company in the country introduced by the company for all its customers who transact with PLC.
ISM APAC, a leading global software development company marking its fifth year of operations in Sri Lanka, was recently bestowed with a Great Place to Work Certification for its continuous effort and engagement towards its people and culture.
Tharaka Amarasena, the Manager of the Colombo Stock Exchange (CSE) Anuradhapura Branch was recently recognized by Toastmasters International as its District 82 Toastmaster of the year for 2017/18. The award was presented at the District Conference held in Chennai, India. The Ceremony is the leading event of the Toastmasters District 82Calendar.
Waters Edge has recently announced its profit for June 2019, which reveals that despite the problems encountered in the local tourism and hotel sectors by the significant decrease of arrivals and businesses as a result of the tragic Easter Sunday terrorist attacks it has registered Rs 18.5 million in revenues.
Mitra Innovation, the first UK firm to have been appointed a WSO2 Premier Certified Partner, opened a regional office in Singapore, a quick increasing supplier of UK Technology services with a global footprint that is specialized in digital transformation, cloud enablement, and software development.
Environment and Mahaweli Development Minister Ajith Manapperuma said companies set up to recycle plastics in Sri Lanka now face scarcity in order to operate their factories to capability.
A recent investment agreement with Wakana JPN (Pvt) Ltd was signed by the Sri Lankan Investment Board. Mangala Yapa, President BOI and Hiroyuki Ota, Director and T, signed the Agreement on behalf of the BOI. Director, G. Sunil Wickrama.
Sri Lanka has disclosed the latest 48 megapixel Galaxy A80. Smartphone at the Colombo Hilton is the world's first rotary three-pixel camera. "We move from the' selfie era' to the' live era,' where people foster more genuine and meaningful links. Built to drive this evolution, Samsung's first revolutionary camera and smart battery are all fascinating innovations: a thrilling, full-screen display, "Sri Lankan CEO Kevin YOU said.
Sri Lanka's Promotion Tourism Office has lately initiated a significant charm offensive in China to attract Chinese visitors to several of the city's most famous travel agencies and tourists. Tourism Minister John Amaratunga even pointed to the option of raising the visa fee for visitors from China because the nation is prepared to welcome Chinese tourists once more. Chinese tourist visitors are welcome to visit.
The 19th Annual General Meeting (AGM) of the Council for Business with Britain (CBB), was conducted at Westminster House recently. The office bearers include Vice President - Roshanie Jayasundera Moraes, Executive Vice President, John Keells Holdings Plc; Vice President - Carl Cruz, Chairman, Unilever Sri Lanka; Treasurer: Tania Polonnowita Wettimuny, Group Managing Director, Inter Air, and Sea Logistics (Pvt) Ltd.
The discussions centered around the recommencement of negotiations on the Sri Lanka China Free Trade Agreement, strengthening bilateral trade ties and opportunities to boost Sri Lankan exports to China, resolving key trade facilitation issues, and attracting export-oriented manufacturing investments from China to Sri Lanka.
Sri Lankan business travelers can now sample the premium Emirates Business Class product with significant savings thanks to the launch of unique Business Class tickets to locations in the USA, UK, Europe and Dubai. These unique tariffs will be accessible for reservations taken between 2-8 July, but will be applicable for travel between 7 July and 15 March 2020, the airline said.
The Colombo Stock Exchange(CSE) in association with the Securities and Exchange Commission of Sri Lanka(SEC)recently organized the 17thevent as part of the Regional Investor Forum Series organized around the country. The forum drew an encouraging response and attracted over 180participants, including a number of presents and active investors in the market.
Sri Lanka–Germany Fast-Track Dialog was held lately with the aim of addressing the key problems facing German companies operating in Sri Lanka under the BOI and of facilitating fresh investment at BOI Ministry of Development and International Trade. Minister Malik Samarawickrama stated that Germany is a very significant trading partner for Sri Lanka, with trading volumes totaling EUR 1.2 billion. Minister Malik Samarawickrama added that in 2018 a significant delegation of trade and investments had gathered in Germany, but that latest events have had a negative effect on financial relations.
Mövenpick Hotel Colombo welcomed the first group of Kuwait Airways crew on arrival at the Bandaranaike International Airport. They were welcomed by George Koumendakos, (General Manager) Padmi Fernando, (Director Sales and Marketing) and Jude Dayaratne (Safety & Security Manager). The Management of Movenpick Hotel held a welcome reception at the lobby lounge.
With the motive of supporting organizations and individuals in their ambition to continuously improve processes, The Lean Six Sigma Company, one of the world’s leading providers of Lean Six Sigma training recently commenced its operations in Sri Lanka in partnership with DAVISON Business Solution Pvt Ltd, making it the first country to establish their presence in the Asian region.
hSenid Business Solutions, Sri Lanka's leading provider of human resources solutions, partnered with Kelaniya University, a renowned state-owned greater education institution, adding a fresh field of research to their company curriculum.
Dialog Axiata PLC, has recently been announced by Tenaga Car Parks Pvt Ltd in a Public-Private Partnership with the Colombo Municipal Council as the exclusive technology partner for the launch of the Touch Parking Card.
Research Team, the securities arm of Sri Lanka's investment banking company and preferred partner on the financial market, produced a smooth sweep of prizes in all categories competed at the CFA Society Sri Lanka's recent 7th Annual Capital Market Awards.
Dell Technologies (NYSE: DELL) is the official title sponsor of gaming laptops recently held in Ratmalana at the Inter-University Esports Championship. The event, hosted by Gamer. LK in cooperation with Sri Lanka Telecom PLC, was also supported by Sri Lanka Esports Association, Sri Lanka's governing body for Esports in Sri Lanka.
Technology is evolving rapidly with businesses competing to merge innovative software products into their existing business models. And the demand for experienced builders of software has been climbing up from the days of internet boom.
Airtel, the world's third-biggest telecommunications operator, has just introduced a fresh prepaid SIM package for Rs 98 per month in Sri Lanka. There are also 1000 SMS and 100 MB of information in the package. The launch was held at Park Street Mews on June 25.
Trendy Hub has recently launched its flagship store at Colpetty. Trendy Hub on Galle Road nearby to Aloe Avenue. Customers and well-wishers and cricketer Mahela Jayawardena visited the opening as an honor guest. The collections here are inspired by London, Paris and Milan runways.
At its 180th AGM on Friday, the Ceylon Chamber of Commerce (CCC) appointed Dr. Hans Wijayasuriya as its new chairman.
PickMe, Sri Lanka’s own technology-driven transportation network launched a driver loyalty programme themed ‘PickMe Pramuka’ at a ceremony held at the Grand Monarch in Thalawathugoda.
After a decade of successful operations with the Board of Investment - Sri Lanka, INSEE Ecocycle Lanka,
Heritance Kandalama owned and operated by Aitken Spence Hotels is celebrating 25 years.
The prestigious Annual Export Awards of the National Chamber of Exporters (NCE) will be held on September 20 in the Main Ballroom of the Shangri-La Hotel in Colombo commencing at 5:30pm.
By exporting 17,500 metric tons of cinnamon last year, Sri Lanka gained Rs.35,000 million in foreign exchange. This is the biggest stock of cinnamon produced in the history of cinnamon trade during a single year, said Dr. A. P. Heenkanda, Director General of Export Agriculture. He said this is a 13 percent increase when compared to exports made in 2017.
Thaproban Beach House, one of the first hotels to be built in the Unawatuna area, would be reinvested to enhance its products.
In the near future, Sri Lanka will offer foreigners the ' free visa upon arrival ' facility, Foreign Minister Wasantha Senanayake said.
"Two-thirds of CEOs say that agility is the new currency of business and that if they don’t adapt, their business will become irrelevant"
Over the past decade, LOLC Group released its year-end outcomes for March 31, 2019,
According to the General Manager Ship Repairs, Colombo Dockyard, Bennie Fernando, the shipping sector is witnessing a 10 to 15% drop in business due to the Easter Sunday attacks
According to its unaudited financial statement, SriLankan Catering Ltd. recorded a steady financial performance for the financial year ended 31 March 2019
The annual United Nations Dag Hammarskjöld Medal Awarding Ceremony was held at the United Nations Headquarters in New York on May 24 to honor 119 military, police and civilian personnel who had sacrificed their lives whilst performing duties in several UN field Missions during the period January 1, 2018, to February 4, 2019.
According to the Prime Minister Ranil Wickremesinghe, relaxing the travel restrictions imposed on Sri Lanka by countries such as Germany, Switzerland, India, and China will put new life into the country's tourism industry that was severely affected by the recent group of events.
The National Chamber of Exporters (NCE) launched the Application Form of the 27th Annual Export Awards at the Hotel Galadari, amidst a gathering of Council Members and Office Bearers of the NCE,
The Nation’s leader in human resource management recently acquired a new building in close proximity to its head office in Colombo 5 to facilitate the growing demand for its programmes conducted by the Business School.
The Board of Investments (BOI) signed an agreement with Sri Lanka Telecom (SLT), granting the approval to install telecommunication equipment in 157 sites.
The Easter Sunday attacks have created a major issue for the export community as they have to meet the delivery time set by the buyer community.
The first batch of police and military personnel will head for China next week for a training program envisaged in the defense cooperation agreement inked between Sri Lankan President Maithripala Sirisena and his Chinese counterpart Xi Jinping, a spokesman said yesterday. The batch is expected to receive training on a range of aspects including the provision of security to project sites.
Term of the Presidential Commission of Inquiry (PCoI) into the irregularities at Sri Lankan Airlines, Sri Lankan Catering, and Mihin Lanka Pvt. Ltd has been extended till June 30 by President Maithripala Sirisena.
PickMe,' the proprietary and popular mobility technology provider in Sri Lanka, has teamed up with the Ministry of Crab and Next Innings restaurants
Mobitel, Sri Lanka's national mobile service provider, and Leo Burnett Sri Lanka's digital team, won two coveted awards at the Asian Arm of The Global Customer Engagement
The International Congress and Convention Association (ICCA) has extended its support to Sri Lanka’s MICE tourism sector.
Charmarie Maelge, career tourism professional has been appointed as the Managing Director of Sri Lanka Tourism Promotions Bureau from May 23.
Aitken Spence PLC came up with yet another sustained financial performance for the twelve months ending March 31, 2019 with a 13.8%
HNB Assurance PLC (HNBA) and its fully owned subsidiary HNB General Insurance Limited (HNBGI) delivered a strong start for 2019,
WOW.lk has clinched the top spot as Sri Lanka’s most valuable eCommerce brand in Retail Services, securing a score of 67.50. Being the pioneer e-commerce operator in the country,
Samsung Sri Lanka was ranked the No. 1 Electronics brand by Brand Finance Lanka, in its 16th consecutive review of Sri Lanka’s most valuable brands in LMD’s Brands Annual 2019 Edition of Sri Lanka’s Leading Brands complied by Brand Finance.
According to a survey conducted by Colombo based digital policy think tank, LIRNEasia, the country does not perform as well as expected on digital indicators. Awareness of the internet and related services do not result in usage within the country.
The international Golf Association for Golf tourism has reproduced and calculated an encouraging new article on Sri Lanka to their members in 100 countries
According to Eran Wickramaratne, State Minister of Finance, the government is to broadly review the budget 2019 that has been presented to Parliament and realign its expenditure priorities
Solely marketed and distributed in Sri Lanka by Carmart (Pvt) Ltd, world-renowned European vehicle brand Peugeot recorded an exceptional year in 2018 in terms of its vehicle sales
Indian Oil Corporation (IOC) owned Lanka IOC (LIOC) announced changes at the top management with the appointment of Manoj Gupta as a new managing director who assumed duties on May 20
Sri Lankan mobile phone services operator Hutch is to merge with another leading operator Etisalat and merger operations will probably start from next month, Hutchison Telecommunications Lanka CEO Thirukumar Nadarasa said.
World-renowned trade fair organizer Messe Duesseldorf who has been represented officially by the Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka), met with the Minister of Development Strategies and International Trade,
Unveils the restructured Awards Ceremony with innovative special awards, and the re-designed attractive trophy.
The apparel export industry is facing several short and long term challenges following the Easter Sunday attacks, the industry officials said.
HMD Global, the home of Nokia phones, announces the availability of Nokia 1 Plus in Sri Lanka the latest member of its Android (Go edition) smartphone family.
Consequent to the recent downturn in arrivals following the Easter Sunday attacks, Sri Lanka Tourism has planned a series of short term promotional programs to attract tourists from short-haul markets.
SMEs are considered as the backbone of the economy as it accounts for almost 70% of the country’s GDP and provides more than 40% of all jobs. And also, SMEs play a significant role in income distribution
Demonstrating outstanding marketing and financial performance, Keells (formerly Keells Super), was awarded the Brand Finance Most Valuable Supermarket Brand title in 2019.
In order to support investments into Sri Lanka, an MoU was signed recently in London between the Colombo Stock Exchange and the London Stock Exchange Group, as London provides access to the deepest pool of international capital in the world.
Engines are the heart soul of a vehicle. Understanding it can help any automotive engineer visualize what makes a Ford Mustang or Toyota tick.
The Foreign Direct Investments including the foreign borrowings of the Board of Investment Sri Lanka (BOI) companies, increased considerably, reaching the historically highest level in 2018.
Ten Jeeps have officially been handed over to the Police Department by the Chinese Government at the Presidential Secretariat, the President’s Media Division (PMD) said.
Since 2017, the working aged household population (aged 15 and above) has increased to about 0.35 million, the Sri Lanka Labour Force Survey of the Department of Census and Statistics stated.
The share of Sri Lanka’s total exports to the South Asia Subregional Economic Cooperation (SASEC) countries increased from 6% to 8% within a period of 13 years (2002–2015), which is remarkably lower than its exports to the rest of the world.
If you have been having leg pain when walking or resting, it could be a sign of Peripheral Arterial Disease. The narrowing or blocking of arteries that supply blood is what causes the pain and it reduces mobility as well.
Lanka Indian Oil Company posted a yearly profit of Rs 404 million as opposed to a Rs 755 million loss last year. Fourth quarter and audited annual statements were released on 7 May. In the fourth quarter, the company made a profit of Rs 938 million as opposed to a loss of Rs 103 million last year.
Headed by Minister of Development Strategies and International Trade, Malik Samarawickrama, a high-level Sri Lankan Ministerial delegation undertook an official visit to Oman together with a team of officials from the statutory agencies coming under the purview of the respective Ministries for meetings with the Omani counterparts on May 5 and 6.
Bank of Ceylon recently retained its position as the No. 1 Banking Brand in the sector, according to Brand Finance Lanka’s “The Brand Annual 2019”, whilst becoming the first Bank to exceed Rs. 50 billion in brand value.
During the 16th edition of the Brand and Finance rankings of the Countries most valuable brands, Ceylinco Life was ranked the most valuable life insurance brand in Sri Lanka.
The World Bank has granted US$ 58.65 million for the modernization of the agriculture sector which has already been implemented by the Agriculture Ministry, Agriculture Minister P. Harrison said.
In a bid to help companies to recover from the Easter Sunday terrorist attacks took more than 250 innocent lives, Sri Lanka is to consider a tax amnesty program for the tourism industry, Finance Minister Mangala Samaraweera proposed.
A historic Memorandum of Understanding was inked recently by Navin Dissanayake, the Minister of Plantation at the Second Belt and Road Forum for International Cooperation held at the China National Convention Centre, in Beijing.
Mr. Joshua Bustos has been appointed as the new Chief Commercial Officer – CCO of SriLankan Airlines with effect from 23 April 2019. He is an internationally experienced senior level airline executive with over 20 years’ experience helping both low-cost carriers and legacy airlines identify, expand and increase revenue.
Tropical cyclone Fani won’t have any major effects on Sri Lanka in the coming days, even though nearly 800,000 people in India’s east coast were evacuated yesterday, Deputy Disaster Management Centre (DMC) Director Pradeep Kodippili said.
The Ceylon Chamber of Commerce in a strong letter addressed to the President and the Prime Minister has proposed action points to for reviving the economy.
With around 5,000 transshipment units discharged, a Vehicle Carrier, Gloves Sun sailing under the Marshall Islands flag, helped the Hambantota International Port (HIP) to reach its highest discharge volumes to date
With the objective of offering a safe experience and to create an environment of mutual respect, Uber, the world’s largest on-demand ride-sharing company, launched its “Driver Safety Toolkit” - a comprehensive set of in-app safety features for driver partners in Sri Lanka today.
LAUGFS Terminals Ltd inaugurated operations of its state-of-the-art LPG Transshipment Terminal at the Hambantota International Port, the largest of its kind in South Asia, with the first of its LPG cargo brought in by the Sri Lankan flagged vessel Gas Success, part of LAUGFS Maritime’s own LPG vessel fleet.
Michael Barrow, Director General of the Asian Development Bank reported to the media that, helping Sri Lanka’s Private sector was a definite focus and a target area of the organization, yesterday at the 52nd ADB Annual Meeting Press Briefing Series held at the Sheraton Fiji Resort in Denarau Fiji.
Sri Lanka Tea Exports for the month of March 2019 totaled 26.4 million kgs showing a gain of 0.3 million kgs against the volume of 26.1 million kgs registered for March 2018, according to the market report by the Tea Exports Association.
At the 52nd Asian Development Bank (ADB) Annual Meeting scheduled to be held at the beginning of May, Finance Minister Mangala Samaraweera is said to lead the Sri Lankan Delegation.
In collaboration with the Department of Materials Science and Engineering of the University of Moratuwa (UoM) Lanka Special Steel Limited (Lanka SSL),
A joint venture between Tata Sons India and Singapore Airlines Ltd, Vistara is to fly to Colombo from New Delhi from September. Colombo would be the airline’s first international destination.
Presented by Minister of Tourism Development, Wild Life and Christian Cultural Affairs, John Amaratunga, the much awaited and long overdue Integrated Tourism Digital Plan (ITDP), was finally approved by the Cabinet yesterday.
The Power, Energy, and Business Development Ministry and Canadian Commercial Corporation yesterday at the Presidential Secretariat entered into an agreement to set up a 100-megawatt floating solar power plant in the Maduru Oya reservoir.
Standard Chartered announced the appointment of Tamani Dias as the new Executive Director/Head of Commercial Banking in Sri Lanka.
A century ago, ILO’s constitution was adopted in Paris, at the present, the diversity and reach of ILO’s work will be showcased in a global live show, webcast from 24 locations in 24 hours, as part of the organization’s centenary celebrations.
Minister Ravi Karunanayake mentioned that the Cabinet approval will be sought for the supplementary purchase of 500 MWs of barge-mounted power to meet the shortfall
Dialog Home Broadband from Dialog Broadband Networks (Pvt) Ltd, a fully-owned subsidiary of Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, announced the facilitation of free e-learning services, in collaboration with Guru.lk, exclusively for Dialog Home Broadband users.
On Friday, over a mobile network, Mobitel (PVT) Ltd revealed South Asia’s first 5G deployment. Also, while connecting a commercial Mobile smartphone to its own network, Mobitel’s successful implementation of 5G was hot on the heels of the 5G deployments in the U.S.A (April 2, 2019) and South Korea (April 4, 2019)
Capital TRUST Mobility Solutions (Pvt) Ltd, a subsidiary of Capital TRUST Holdings Limited is launching Taxiya, a mobile taxi hailing service.
TODOS, a Sri Lankan Fashion brand has made a mark in the global market.
The SheWorks Partnership is supported by the Australian government, works with 18 leading employers that have pledged to implement measures proven to enhance employment opportunities for women. Thus, in order to mark the anniversary of the SheWorks partnership in Sri Lanka the IFC, a member of the World Bank Group, brought together CEOs of leading companies.
According to the Western Development Minister Patali Champika Ranawaka, in order to run the affairs of the Colombo Port City, a separate administrative unit will be set up outside the Colombo Municipal Council’s jurisdiction, thus a separate election will be conducted for its residents, Megapolis
A new five-year Strategic Business Plan for the period 2019-24 has been formulated by SriLankan Airlines with the objective of transforming itself into a financially viable organization airline group with high brand visibility and a global reputation for excellence while turning Sri Lanka into a strategic hub for air travel and air cargo in the Asia-Africa-Middle East region.
With a recovery in agriculture exports, Sri Lanka’s current account deficit will drop to 2.5% of GDP in 2019. Furthermore, the continued increase in tourism earnings and a slowdown in vehicle imports, Senior Country Economist at ADB’s Sri Lanka Resident Mission Utsav Kumar told journalists yesterday in Colombo.
The existing power crisis in the country will be solved before the Sinhala and Tamil New Year; The Power, Energy and Business Development Minister Ravi Karunanayake, promised.
According to Prime Minister Ranil Wickremesinghe, A value addition production platform will be created after transforming Sri Lanka into the hub of the Indian Ocean.
In Male, from the 22nd-24th of August, Buildex Maldives 2019 will take place hosted by the Maldives National Association of Construction Industry along with Lanka Exhibition & Conference Services Pvt Ltd.
The owners and operators of Sri Lanka’s first international karting track in Bandaragama, David Pieris Racing & Leisure (Private) Limited are giving the opportunity to the motorsports enthusiasts
The renewal of the ISAGO Registration, the highest global safety standard for a ground handling organization from the InternationalAir Transport Association (IATA) has been received by the SriLankan Airport
With a massive audience of more than 100 partners and customers, Microsoft held a seminar at the Kingsbury Hotel on future-proofing the workplace
Featuring breezy fabrics in sunset tones and feminine florals with an aura of tangerine, ODEL has travelled back to a simpler time with the launch of its summer 2019 collection
The estimated economically active population was about 8.5 million, in the fourth quarter of 2018, of which 64.6 per cent were males and 35.4 per-cents were females.
In order to Commemorate Hatton National Banks 50th Annual General Meeting held on the 29th of March, the authorities were invited to ring the ceremonial bell at the Colombo
A joint venture partner to manufacture fertilizer in Sri Lanka, Agri Scientists from Laiyu Chemical Co. Ltd., China, along with Araliya Agro Holdings (Pvt.) Ltd;
At a public consultation held at the BMICH recently organized by the Public Utilities Commission of Sri Lanka (PUCSL), major stakeholders agreed to the proposed regulation and standards introduced for water fittings.
For the first time in four years, the Sri Lanka Tourism Promotion Bureau organized the roadshow for the Russian tourism business.
The 9th edition of the premier Tourism and Travel Exhibition, “Sancharaka Udawa” organized by the by Sri Lanka Association of Inbound Tour Operators (SLAITO) in collaboration with the Sri Lanka Tourism Promotion Bureau (SLTPB) will get underway at the BMICH, Colombo from June 7-8, 2019.
SriLankan Airlines, one of the first carriers to fly to Tokyo’s Narita International Airport, is celebrating 35 years of flying to Narita by increasing its number of frequencies up to five per week, with Sri Lanka growing rapidly in popularity as a destination for Japanese travelers.
According to the Minister of Development Strategies and International Trade Malik Samarawickrama, another major boost will be received by Sri Lanka’s foreign direct investment (FDI) when the Mahindra Group, India and Ideal Motors Colombo open their vehicle assembly plant in Horana in July.
Royal Fernwood Porcelain, a large-scale manufacturer of high-quality white and decorated porcelain tableware and figurine ornaments that enjoys a global reputation in the porcelain tableware industry as a reliable supplier to many premium brands, recently made a significant donation to an excellent cause, the Indira Cancer Trust.
Dankotuwa Porcelain PLC, renowned for its luxurious and elegant porcelain tableware, is all ready to celebrate the festive season with pomp and flare.
Munchee, the flagship brand of Ceylon Biscuits Limited, has won the prestigious "People's Export Brand of the Year" award at the recently concluded SLIM-Nielsen People's Awards 2019.
Emjay International and Penguin Sportswear (Pvt) Ltd, a leading manufacturer of high-quality apparel in Sri Lanka, was recently recognized at the JASTECA Awards 2018 taking home five awards.
The registered and reliable construction company takes home two excellence awards and a merit
In order to achieve upper-middle-income status, a new report from the global research and consultancy firm Oxford Business Group (OBG) shines a spotlight on Sri Lanka’s wide-ranging plan.
The Colombo Dockyard PLC reported Rs. 337 million after-tax profit for the financial year ending December 31, 2018, compared with Rs. 26 million in the previous year.
The Chairman of the Colombo Stock Exchange (CSE), Ray Abeywardena graced the 3rd Edition of the Maldivian ‘GOLD 100’ Business Awards that was recently held at Paradise Island Resort.
For the purpose of best promoting the interests of commerce, the Ceylon Chamber of Commerce (CCC) was founded on March 25, 1893, which was among the very first group of chambers established in Asia.
When the relevant documents for each category are submitted, the Sri Lanka Tourism Development Authority (SLTDA) will be fully geared to issue renewals for accommodation and service providers in one day.
At an event in Colombo, the Dr K. Karunasena, Research, and Policy Development Specialist at Sri Lanka Computer Emergency Readiness Team (SLCERT).
3-D printing is not a new technology, needless to say, that it is still a developing area in the tech industry. Over the years a lot of midrange 3-D printers have been introduced to the market (such as Geetech),
For the purpose of best promoting the interests of commerce, the Ceylon Chamber of Commerce (CCC) was founded on March 25, 1893,
The National Consumer Price Index is said to have increased by 2.4 percent February 2019 from 1.2 percent in January 2019 mainly due to the base effect, the Central Bank of Sri Lanka Reported.
Graced by President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe, the 20th Anniversary celebrations of the Chamber of Young Lankan Entrepreneurs (COYLE) was held on March 10, at the Shangri-La Hotel.
The American Alumni Association of Sri Lanka (AAASL), which was founded in 1999 by a small group of returning graduates from several universities in the USA, celebrates 30 years of success in facilitating American Higher Education to College and University Students this year.
Established in 1998, Khaadi is a Pakistan-based fashion retailing pioneer with an unparalleled retail network, currently holding over 450,000 square feet of brick and motor stores, with its global presence in Pakistan, across the UK and Gulf.
Former Navy Commander Admiral Sirimevan Ranasinghe assumed duties as the new Secretary to the Ministry of Ports and Shipping and Southern Development at the Ministry on Monday morning.
Venture Green Global Pvt Ltd is a company focused on exporting value-added primary goods from Sri Lanka under its brand. Thus, Venture Green is to expand its value-added products including its herbal tea products into new regions in the world.
Dr. Rajitha Senaratne the Minister of Health, Nutrition and indigence Medicine voiced that, an annual saving of up to Rs. 7 billion is currently being saved due to the e-health program, whereas over 200 government hospitals have come online, an event in the National Chamber of Commerce (NCCSL) organized international Healthcare exhibition 2019
US$ 3 billion worth of Foreign Direct Investments is to be attracted by Sri Lanka by the end of this year, Deputy Minister of Development Strategies and International Trade, Nalin Bandara stated.
TripAdvisor, The largest travel planning and booking site awarded the Aitken Spence Hotels as winners of its Travelers’ Choice Awards 2019.
In order to further enhance the growth in Huawei’s Enterprise Business segment and to support the country’s vision to become an ICT hub in the region, Huawei expects to play a major role in developing Sri Lanka’s smart city ecosystem.
An outlining of the National Strategy for artificial intelligence (AI) of Dhammika
The Department of Census and Statistics reported that the Producer’s Price Index (PPI) of three major economic activities namely, agriculture, manufacturing, and electricity
An opening of a direct air corridor with Sri Lanka has been requested by Afghanistan, whiles an Investment Protection and Promotion
EDIBON designs and manufactures Engineering and Technical Teaching Equipment, at the highest level and quality, in most Engineering areas, for more than 30 years. A.T.A International, Local agent for Edibon in Sri Lanka, has supplied a large number of equipment to the universities and the vocational training colleges. Recently, A.T.A International Installed Sri Lanka’s first ever 10m tilting flow channel at Department of Civil Engineering in the South Eastern University of Sri Lanka.
The newest i-Pannel ceiling sheets were commissioned for the first time along with a manufacturing factory in Katana, by Idea Group of Companies that offer revolutionary roofing solutions and interior decorating solutions.
Due to low demand and a smaller number of calendar days in the month, it had been recorded that the vehicle registrations had slowed down in February.
In order to boost quality, value-added products a partnership agreement took place between the Lanka Fruit and Vegetable Producers, Processors and Exporters Association and an Italian dried-fruit giant, Noberasco on the 22nd of February.
As a special guest, President Maithripala Sirisena left for Kenya yesterday to attend the fourth session of the UN Environment Assembly (UNEA-4) to be held in Nairobi The President participates in this Assembly on an invitation extended by Kenyan President Uhuru Kenyatta. The fourth session of the UN Environment Assembly, which commenced on March 11, will continue until March 15 in Nairobi under the theme ‘Innovative Solutions for Environmental Challenges and Sustainable Consumption and Production’.
PayMaster Solutions (Pvt) Ltd. Sri Lanka, unveiled its flagship development, the PayMaster app at the official launch held recently in Colombo. The app aims to revolutionize the way Sri Lankans transact when topping-up their mobile reloads and paying their bills.
An investment of USD 55 million for the Lunar Tower located at the heart of Colombo, was granted by The Belluna Co., a Tokyo Stock Exchange listed company and a significant player in the global real estate industry.
ATA international is an Engineering based company with over 35 years of experience in the field. It has joined up with the leading company in 3D printing/scanning industry, SHINING3D, to introduce professional 3D scanners to the Sri Lankan market. This partnership is intended to offer 3D scanners to a wide range of applications in Sri Lanka.
In a statement, the Finance Ministry had recorded that, the retail prices of fuel has been revised with effect from last night. Thus, the prices of fuel were increased as follows;
Due to its reflection of the government policy of pursuing an outward-oriented growth strategy to better garner set economic targets, the National Chamber of Exporters of Sri Lanka (NCE) wholeheartedly agreed with, the national budget 2019.
“The prime duty of Sri Lankan Defence Attachés assigned to Sri Lanka missions overseas is to serve the country and its people and they should be mindful of the fact that they are there to serve and not to be served”- Tilak Marapana, Foreign Minister.
Yesterday, the launch of the construction of a state-of-the-art modern manufacturing facility in Bandaragama took place, by Flexicare Lanka (Pvt) Ltd., a fully owned subsidiary of Flexicare Group, UK, with an investment over USD 10 million,
For engineering services and construction of a Light Rail Transit (LRT) line between Malabe and Colombo Fort, A concessionary loan agreement for JPY 30,040 million (approx. Rs. 48 billion),
Recruited through the Sri Lanka Bureau of Foreign Employment (SLBFE), the first ever Sri Lankan nurse left the country taking on nursing service at a U.S. hospital.
The Manufacturer of the popular Pilot Branded Pens, writing instruments and ink, Pilot Corporation, has been present in Sri Lanka for as long as the brand initiated.
An Internationally accredited quality professional and a leading academic in management science are to take over Sri Lanka’s National Consumer Protection.
With the involvement of the Ministry of National Policies and Economic Affairs, twelve poverty-stricken districts in five provinces in the dry zone and in climate vulnerability hot spot regions of the country,
At the Best Corporate Citizen Sustainability Awards 2018, organized by the Ceylon Chamber of Commerce (CCC) at the Cinnamon Grand Colombo recently, Sri
Ceylinco Life was adjudged the ‘Peoples Life Insurance Service Provider of the Year’ at the 2019 SLIM-Nielsen Peoples Awards on Tuesday
At the SLIM Nielsen People’s Awards 2019, LB Finance PLC won the People’s Choice award for Financial Service Provider of the
A company into generating renewable energy through recycled waste and garbage, publicly known as Fortum Oy of Finland is to invest USD 300 million to set up a plant in Mirigama.
Sunshine Energy (Pvt) Ltd (SEL), a fully owned subsidiary of Sunshine Holdings PLC, installed their first roof-top solar PV system in Kelaniya while expanding on sustainable and greener energy opportunities.
“The YoY inflations has increased from 3.7% in January to 4% in February.”- The Department of Census and Statics.
A fully-owned subsidiary of John Keells Holdings PLC (JKH), LogiPark International (Pvt.) Ltd, , embarked on commissioning its flagship integrated logistics centre with the groundbreaking ceremony that was held on the 1st of March at the Muthurajawela Logistics Zone.
Taking over the reins of the SDB Banks new CEO, Thilak Piyadigama, a Veteran Banker with over 30 years of banking experience, took over his duties from the 1st of March 1, 2019. Furthermore, he has held senior management positions in the banking and technology industries in Singapore,
LEED (Leadership in Energy & Environmental Design), a globally recognized symbol of sustainability achievement issued by the U.S. Green Building Council (USGBC), provides the organization’s a framework to create healthy,
After decades of successful partnerships in Sri Lanka, the flagship company of Prima Group, Prima Ceylon celebrated its 40th anniversary at an event recently held in Trincomalee, as it is where its state -of –the- art flour milling complex and one of the largest flour mills in the world is situated at.
Commenced from 18th December 2018, six Evergreen Line’s large vessels that have been deployed in the Far East/European trade have been
Within the coming years, the proposed Free Trade Agreement (FTA) between Sri Lanka and Bangladeshis said to prosper the economic co-operation of both countries in the coming years,
Minister of Ports and Maritime Affairs Sagala Ratnayaka visited the CINEC campus premises, on the invitation of Capt. Ajith Peiris, the Executive Chairman of Ceyline Group and Chairman/President of the Campus.
Under the Economic Diplomacy Programme of the Ministry of Foreign Affairs of Sri Lanka, in collaboration with the Board of Investments (BOI), the Embassy of Sri Lanka in the Republic of Korea conducted an Investment Promotion Programme in Seoul form the 19th of February to the 22nd February 2019.
In order to, celebrate another significant milestone in the successful journey of developing luxury vacation condominiums by the International Construction Consortium (PVT) Ltd, Oceanfront Condominiums- Nilaveli conducted the first Annual General Meeting with the owners,
The motor car registrations recorded 3,147 units in January up from 2,669 units in December but significantly declined from 5,318 units during the last 12 months.
The launch of a new water purification product to the Sri Lankan Market recently took place between Ceyko International Pvt Ltd, a joint venture between Sri Lanka and SYNOPEX INC. Pohang, South Korea. These water purification products are said to be assembled at their factory in Biyagama, Sri Lanka.
Embla Software Innovation, a leading IT-based company primarily serving the Scandinavian market with resources and solutions for Independent Software Vendors (ISVs) and startups, recently won a prestigious Gold award at the Corporate Health and Productivity Awards 2019.