| Top Business
SriLankan Airlines IT team wins two National Awards for in-house innovations
Power World Gyms opens its 26th fitness center at Arangala
Participation of Sri Lankan Companies at Productronica 2019
Corporates vie for honours at CSE masterminds 2019
CILT Opens Trading at CSE to Celebrate Centenary Year
Sri Lanka’s highest value ever in FDI via strategic investment in petroleum refinery
Costa Victoria makes her debut call at the port of Colombo
SriLankan Airlines was commended and recognized at the National ICT Awards – NBQSA 2019 Ceremony held on 11th October 2019 for the talent and innovation of its IT staff, winning the Bronze and Merit Awards in the ‘In-House Application’ category.
With the motive of bringing fitness and healthy lifestyle choices to every neighborhood, Power World Gyms recently declared open its full-fledged fitness center at Arangala, Malabe.
The Sri Lanka Export Development Board (EDB) has organized a Sri Lanka pavilion at “PRODUCTRONICA 2019” from 12th – 15th November 2019 at MESSE MÜNCHEN, Germany with the assistance of Embassy of Sri Lanka in Germany and Consulate General of Sri Lanka in Frankfurt.
The third edition of Sri Lanka’s only capital market quiz - CSE masterminds organized by the Colombo Stock Exchange (CSE) was recently held at the Waters Edge Hotel with NDB Investment Banking group emerging as the winner of the overall competition.
The Chartered Institute of Logistics and Transport (CILT) recently rang the Opening Bell to commence trading at the Colombo Stock Exchange (CSE) to mark the organization’s centenary year.
Sri Lanka’s geographical locational advantage between Singapore and the Middle East, and the availability of a new deep-water Port in Hambantota make the island an optimum location for establishing export oriented Petroleum and other commodity processing facilities.
Costa Victoria, the Victoria class cruise ship operated by Italian Cruise company Costa Criciere, Europes, which is a leading cruise company in Venice,
‘’LOT’’ Polish Airlines, a modern airline connecting Central and Eastern Europe, made its inaugural flight to Sri Lanka from Warsaw to Colombo on 4th November 2019. The new aircraft received the traditional water cannon salute on its landing, which was one of the special occasions to be seen in the field of Airport & Aviation.
The Commercial Bank of Ceylon has commissioned a state-of-the-art Automated Banking Centre (ABC)at the One Galle Face mall, offering visitors 24-hour access to the Bank’s services.
Nations Trust Bank American Express Partners With “Sri Lankan Art 2019” For The 9th Consecutive Year
Nations Trust Bank American Express partnered with the George Keyt Foundation for the 9th consecutive year to host “Sri Lankan Art 2019”; an exhibition and sale of contemporary Sri Lankan art. Through this partnership,
The Ceylon Chamber of Commerce (CCC) yesterday entered into a Memorandum of Understanding (MoU) with the Chamber of Commerce and Industry Chitwan, (CCIC) Nepal to further promote trade, investment and tourism activities between two countries.
LOT Polish Airlines announced to boost the tourism sector in Sri Lanka that it will operate direct flights from Warsaw to Colombo from November 3. LOT will fly seasonally from Warsaw to Sri Lanka with three weekly flights on its new Boeing 787-9 Dreamliners fleet between November 3 and March 28.
The 18th KMPG MESA Partners Conference with the theme “Re-inventing to meet clients’ agenda,” brings together the partners of KPMG in the Middle Eastern and South Asian region.
Steeped in the tradition of harmonious coexistence with nature, Elpitiya Plantations is no stranger to the concept of sustainability. As one of the leading plantation companies in Sri Lanka, with a diversified portfolio of crops, Elpitiya is the custodian of decades of agro-economic knowledge that generates a continuous stream of wealth for the national economy,
Softlogic Finance PLC one of the country’s leading financial services firms, has formally appointed Mr Aaron Russell-Davison as its new Chairman, effective from 24 October 2019. He succeeds Mr Ashok Pathirage who resigned as Chairman of the Board of the Company after serving the regulatory maximum period of nine years.
The Daraz 11.11. The sale will take place live at midnight on 11 November, bringing online shoppers the best discounts and deals of the year. From categories such as Fashion, Electronics, Mobile Phones and Accessories, Lifestyle and FMCG, the sale will bring up to 80 percent discounts on a wide range of local and international brands.
As it further extends its capabilities across Asia, CEVA Logistics has set up a new operation in Sri Lanka officially opening the CEVA Sri Lanka office for business today. With the new set up, CEVA Sri Lanka will service clients in both the island nation and in the Maldives.
Pioneering an industry-first, Rhino Roofing Products Limited is proud to have launched the island’s first-ever online roofing products store accessible via www.roofing.lk
Consulate General of Sri Lanka in Sydney in collaboration with the Export Development Board (EDB) and the Information and Communication Technologies Authority (ICTA) organized a Country Pavilion at the CeBIT Australia from 29 to 31 October 2019 at the International Convention Centre, Sydney.
The Department of Commerce Sri Lanka, jointly with the Sri Lanka Embassy in Bangkok, Thailand, using its trade promotional funds, for the first time has organized Sri Lanka`s participation in Digital Thailand - Big Bang 2019 exhibition held in Bangkok Thailand from October 28-31.
Korea grant USD 30 million to establish National Center of e-Content Development for Computer Assisted Teaching
The Government of Republic of Korea has agreed to provide a concessional loan of USD 30 million (Approximately Rs.5,460 million) to establish National Center of e-Content Development for Computer Assisted Teaching in Sri Lanka.
The wellness pavilion at the World Travel Market (WTM) 2019 was formally inaugurated with the ribbon-cutting and opening ceremony attended by H.E the High Commissioner of the Sri Lanka High Commission in UK, Sri Lanka Tourism Promotion Bureau, Sri Lanka Export Development Board and representatives from the participating companies of the Sri Lanka’s Wellness Tourism Industry.
EDB to hold first ever Sri Lanka Participation at Productronica 2019 in Germany for the Electronics and Electrical Sector
The Sri Lanka Export Development Board (EDB) is organizing a Sri Lanka pavilion at “PRODUCTRONICA 2019” from 12th – 15th November 2019 at MESSE MÜNCHEN, Germany with the assistance of Embassy of Sri Lanka in Germany and Consulate General of Sri Lanka in Frankfurt.
The Board of Investment of Sri Lanka has signed an Agreement with LA’ MORE Hotel (Private) Limited to set up, conduct and operate a 176 key 5-Star hotel project in Tangalle. The project represents an investment of US$ 35 million and will employ a staff of 355 members at the property.
MUFG Bank, the commercial banking entity of Mitsubishi UFJ Financial Group, has awarded scholarships to 17 undergraduates from the University of Colombo.
Executive Board of the International Monetary Fund (IMF) completed the Sixth Review of Sri Lanka’s economic performance under the program supported by an extended arrangement under the Extended Fund Facility (EFF).
The Commercial Bank of Ceylon recently hosted two Customer Awareness Programmes in Colombo and Negombo as part of the Bank’son-going initiative to support and empower members of its Biz Club and entrepreneurs in the SME sector.
CA Sri Lanka applauded Chartered Accountants Worldwide (CAW) for building international recognition of the Chartered Accounting qualification through the launch of an exclusive network member logo.
The Investment Board of Sri Lanka has signed a supplementary agreement with the Kingsbury PLC to extend and renovate the hotel at Colombo 1. The agreement was signed on behalf of the company by BOI Chairman Mangala Yapa and Managing Director Rohan Karr, Hayleys Leisure Group.
With the motive of providing high quality fresh, delicious and nutritional eggs to the Sri Lankan market, Arogya Farm Pvt Ltd was recently awarded second place in the ‘Livestock Sector’ category (Large Scale) at the Mahaweli Entrepreneurship Presidential Awards 2019 held on the 01st October at the BMICH.
Business News from Sri Lanka: LAUGFS Power Limited rang the market opening bell to celebrate the listing of its shares at the Colombo Stock Exchange (CSE) recently.
The Hambantota International Port Group (HIPG) has entered into a Terminal Service Agreement (TSA) with Japanese Shipping Conglomerate NYK, the first RoRo specific TSA entered into by the shipping line with a Sri Lankan Port.
SriLankan Airlines was adjudged the ‘Leading International Airline’ in South Asia for the third consecutive year at the South Asian Travel Awards 2019 (SATA) and also bagged the ‘Leading Airline Passenger Class – Business’ award for the third year running, beating out many top airlines in the region.
Uber Eats, an on-demand food delivery app, has delivered more than 3 million orders and completed its first successful year of operations in Sri Lanka to become a dominant player in the market. Launched in Colombo in 2018, Uber Eats is committed to make eating effortless at any time and for anyone in Sri Lanka by offering a diverse set of 34 cuisines on the app. In less than 12 months, Uber Eats has expanded to two cities across the island.
Embassy of Sri Lanka holds meeting with Mr. Saleh S. Al Solami, Secretary General of Saudi Export Development Authority (SEDA)
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
Concrete Electric Poles Manufactured In Sri Lanka Under Boi Agreement Result In Import Substitution And Environmental Benefits
The Board of Investment of Sri Lanka signed a supplementary agreement with M/s Senaka Zenn (Private) Limited to set up a project to manufacture pre-stressed spun concrete electrical poles, piles and railway sleepers with improved technology, for both local and export markets. The Initial investment made by the Company was US$ 10.3 million.
The Ministry of Development Strategies and International Trade hosted the 9th European Union – Sri Lanka Investor Dialogue, an instrument set up in 2017 to resolve issues faced by investors from the European Union operating in Sri Lanka under the Board of Investment. The high-level meeting, which promotes bilateral cooperation between the Member States of the European Union and Sri Lanka,
Indira Malwatte, Chairperson & Chief Executive of EDB and the Commissioner General of Sri Lanka for Expo 2020 Dubai together with the private sector stakeholders; Secretary Generals of the National Chamber of Exporters and National Chamber of Commerce of Sri Lanka, Shiham Marikkar and Bandula Dissanayake and the Co- Chair Planning Sub Committee of Expo 2020 Dubai,
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.
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.