Wednesday, December 7, 2016

Business

Business

Sanjay Tiwari, Managing Director and CEO of Piramal Glass Ceylon PLC was elected as the new president of the Sri Lanka Ceramics and Glass...

Newly elected President of the Organization of Professional Associations of Sri Lanka, Ruwan Gallage spoke to the Nation regarding the role of the professional...

The 2017 Budget, proposes to undertake a strong, structured and focused global marketing campaign with the allocation of Rs. 1,000 Million to boost exports,...

A presentation given by ForwardKeys to delegates at the Asian Hotel and Tourism Investment Conference in Sri Lanka last week revealed that flight bookings...

Public Utilities Commission of Sri Lanka (PUCSL) has decided to remove the legal barriers for consumers who wish to enter into the electricity generation...

JAT Holdings will be commencing the construction of a new apartment complex in ’96 Residencies’ in Pagoda, Nugegoda in January 2017. This new development...

The Brandix Group has paid tribute to an inspirational trailblazer by naming its Head Office at Rheinland Place, Colombo 3, after the legendary business...

Commex Sri Lanka S.R.L., a fully-owned subsidiary of Commercial Bank of Ceylon PLC has inaugurated its money transfer operation in Italy, following the grant...

Leo Burnett Sri Lanka (LBSL), the local office of the global advertising network Leo Burnett Worldwide secured the No. 27 ranking on Campaign Brief...

LOLC Micro Credit Ltd. (LOMC) concluded its 7th annual ‘Isuru Diriya Sisu Upahara Scholarship Awards Ceremony’ at a gala event held at the BMICH...

Commercial Bank of Ceylon PLC won the inaugural capital market quiz organized by the Colombo Stock Exchange (CSE) recently. Dunamis Capital PLC and Aitken...

The first Asia Hotel and Tourism Investment Conference (AHTIC) concluded last week in an atmosphere of optimism moderated by caution. Several of Asia’s leading...

Tourists in Pushkar, India, have taken to busking as a means to raise money after the country’s shortage of banknotes rendered them “virtually penniless”. The...

A row has broken out over the use of animal fat in the new plastic £5 note, with calls from some vegans and vegetarians...

As more consumers aspire to buy cars and SUVs with some cachet, domestic companies want to shed their reputations as mass-market rides and go...

For months now, banks in China have been calling clients large and small, asking questions. Why do you want to convert yuan into a...

Pressure on Samsung has been mounting since the storm that surrounded its Galaxy Note 7, and the company on Tuesday finally bowed to calls...

Oil markets edged up in nervous trading on Wednesday ahead of an OPEC meeting later in the day, with members of the producer cartel...

The number of three-wheelers on Sri Lanka’s roads increases every year with over one fifth of the labour force taking up the profession of...

Nissan Motor Co. will make its first major foray into Internet-connected cars by offering an option in some new vehicles that will use big...

BMW has said it wants to sell 100,000 electric vehicles per year as early as 2017. Right now, its sole electric vehicle -- the...

India’s largest car manufacturer, Maruti Suzuki India Limited (MSIL) has stopped production of its compact hatchback Ritz, sources close to the development told ETAuto....

Chinese tourist arrivals to Sri Lanka are projected to grow by a further 10.2 per cent in the coming six months, an official said...

Hilton Colombo last week announced that Dilin Peiris and Darshana Dayarathna have triumphed at the Hilton South East Asia and India (ISEA) F&B Masters...

December is upon us and with it the joy of Christmas! Steering in the happiest month of the year, Cinnamon’s city hotels – Cinnamon...

Riverina Resorts (Pvt) Ltd a wholly-owned subsidiary of Palm Garden Hotels PLC entered into a Memorandum of Understanding with Club Med group of France...

The demonetisation of large-denomination bank notes has caused short-term disruption in India’s economy. The move has the potential to raise government revenue and encourage...

The Megapolis, Port City and the project contractor China Harbour Engineering Company (CHEC) have begun inspections of the quarries, that will be supplying quarry...

Clarifications are needed on implementation of several of the new tax measures, for instance new taxation of institutional unit trust investors, the removal of...

Norway and International Labour Organisation (ILO) in Sri Lanka have signed a partnership agreement on 22 November to extend the Government of Norway’s support...

Dr. Patrick Dixon, a globally- acclaimed futurist and a growth strategist says he is very upbeat about Sri Lanka’s future and our culture of...

The Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of the Democratic Socialist Republic of Sri Lanka last week to...

The “Trade Delegation to Australia”, organized by the Colombo Chamber of Commerce was concluded recently amidst much positive response. The delegation was organized as...

The Exporters Association of Sri Lanka (EASL) criticized the budget proposals last week stating they were more corrective than progressive.  They further lamented that...

Despite initial expectations of Mihin Lanka being a budget carrier with a potential to be profitable, the financial performance of the airline since inception...

Prima Management Services (Pvt) Ltd, member of PRIMA, Group of Companies, partnered with the leaders in the field of security surveillance to present the...

As bilateral trade between Sri Lanka and China crossed $4 Bn threshold for the first time, a confident Sri Lanka said that the proposed...

The public sector is a key driver of private sector development across Asia’s developing member countries simply because from a development perspective it makes...

Facebook Inc is to increase its UK headcount by 50 percent, hiring 500 new staff members and backing the British capital as an important...

Jaguar Land Rover last week unveiled its latest models to be launched in Sri Lanka in the coming months. The iconic new vehicles feature...

Seylan Bank has tied up with Hyundai Lanka (Pvt) Ltd., to offer special rates on Hyundai Eon and Hyundai Grandi10 cars leased through Seylan...

Unless you’ve been living under a rock for the past few years, you know that the Star Wars franchise is experiencing a renaissance. As...

An exhaustive and independent report into Sri Lanka’s tourism prospects by one of the world’s leading providers of global business intelligence, has confirmed that...

Sri Lankan High Commission in Ottawa in collaboration with the Sri Lanka Tourism Promotion Bureau (SLTPB) and the Sri Lanka Tea Board participated at...

In a landmark agreement that augurs well for the local industry, the Sri Lankan paint giant Lankem Robbialac joined hands with the premier body...

Sri Lanka’s newest travel startup focuses on bringing personalized travel planning for the enthusiastic traveler. Founded by Savindri Talgodapitiya and Vindhya Buthpitiya, The Fields Travel...

The budgetary proposal to allow foreigners buy condominium properties from any floor of preference as opposed to the current condition that restricts them to...

Sri Lanka is set to welcome its first ever National Cooperative Policy framework soon, and this national effort is backed by none other than...

The Commercial Bank of Ceylon has become the first bank in Sri Lanka to offer Near Field Communication (NFC) enabled credit cards of both...

A 15 -member high powered business delegation from Belgium will be visiting Sri Lanka in December 2016. The Embassy of Belgium in India in...

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