MRP increase only applicable to milk powders manufacture after May 5

Following a decision of the Cost of Living Committee dated May 1, 2018 to allow increasing of the Maximum Retail Prices (MRP) of milk powder by Rs 20.00 (for 400 grams) and Rs 50.00 (for one Kg), it has now been decided to allow for such an increase in the local market effective midnight of […]

Eminent radiation oncology expert in Sri Lanka 8-12 May

(PRESS RELEASE) – An eminent international expert in radiological physics in the treatment of cancer will be in Sri Lanka from 8th to 12th May to conduct training on Stereotactic Body Radiation Therapy (SBRT) for local Consultant Oncologists and healthcare professionals at the invitation of Ceylinco Healthcare Services Limited (CHSL). The visit of Dr Cheng […]

BCS Sri Lanka section appoints new Executive Committee for 2017/18

(PRESS RELEASE) – The BCS, the Chartered Institute for IT Sri Lanka section (BCSSL) announced the appointment of a new Executive Committee for 2017/2018 at the Annual General Meeting held recently. During the Annual General Meeting, Ruwan Amarasekara (CIO – Lankan Hospitals) was re-elected as the Chairman, Vajeendra S Kandegamage (Director/ CEO – iPropylea Pvt […]

Understand how to become globally competitive at ‘Future of Business’ Event

Leading manufacturers from diverse sectors will share their expert insights on how they have improved productivity through process innovation in order to plug into global value chains, at the upcoming ‘Future of Business – Innovation Strategy and Learning Event’ of the Ceylon Chamber.The session titled ‘Propelling Productivity – The Role of Process Innovation’ will focus […]

Anantaya Pasikudah wins Booking.com guest review award

(PRESS RELEASE) – Anantaya Resort & Spa Pasikudah was recently awarded the Booking.com Guest Review Award. Offering unique experiences and exceptional service, Anantaya Pasikudah was rated a high standard property on Booking.com with an outstanding score of over nine. Commenting on the award received, LAUGFS Leisure Director/Chief Executive Officer, Roshan R. Perera said, “Being awarded the […]

Seylan Bank reports 21-pct growth in 1Q 2018; records PAT of Rs.1,053 Mn

Seylan Bank made a steady start in 2018 by posting a Profit after Tax of Rs. 1,053 Million in Q1 despite less than ideal market conditions. Net interest income increased by 17.21% as the volume growth outperformed the impact arising from the narrowing of NIMs. Net fee and commission income witnessed a growth of 14.61% […]

Sri Lanka Aggressor Safari Lodge begins operations

(PRESS RELEASE) – The Sri Lanka Aggressor Safari Lodge situated close to Wilpattu National Park in the North of Sri Lanka, officially opened for business this week with their first group of American Tourists. This is the first Safari Lodge to be opened in Sri Lanka for the USA Aggressor Luxury Franchise Group. The lodge has […]

CAL to host inaugural South Asia Investor Conference in Colombo

Sri Lanka’s No. 1 investment banking firm and preferred partner in financial markets, Capital Alliance (CAL), is proud to announce the inaugural South Asia Investor Conference (SAIC 2018), which will be held on 7th and 8th May 2018 at the Taj Samudra Hotel. A joint collaboration between Capital Alliance Securities, Sri Lanka; AKD Securities, Pakistan […]

Advantis projects provides logistics expertise to CEB for improved reliability of national grid

(PRESS RELEASE) – Continuing its leadership in logistics in Sri Lanka, Advantis Projects, the project logistics arm of Hayleys Advantis Limited,recently secured and completed the transportation of 12 transformers and their respective accessories as part of the Ceylon Electricity Board’s project – ‘Construction Of Grid Substations, Greater Colombo Transmission And Distribution Loss Reduction’. Amongst the […]

Lester James Peries: Pioneer of a Sri Lankan cinema tradition

Lester James Peries (April 1919 – 29 April 2018) was a Sri Lankan film director, screenwriter, and film producer.A filmmaker since 1949, Peries was involved in over 28 films, including shorts and documentaries.In 1956, Peries made his entry into national cinema with the globally acclaimed “Rekava”, which was a story based on village life. It […]

”; outlook stable

Fitch Ratings has affirmed Sri Lanka-based consumerdurables retailer Singer (Sri Lanka) PLC’s National Long-Term Rating at ‘A-(lka)’ with a Stable Outlook. Fitch has also affirmed the National rating on Singer’s outstanding senior unsecured debentures at ‘A-(lka)’. A full list of rating actions is at the end of this commentary. The affirmation of Singer’s rating reflects […]

Japan confers a prestigious decoration upon Professor Carlo Fonseka

On 29 April 2018, the Government of Japan announced the conferment of “The Order of the Rising Sun, Gold Rays with Neck Ribbon” upon Professor Carlo Fonseka, in recognition of his significant contribution to the promotion of Japanese culture in Sri Lanka. His Excellency Mr. Taro KONO, Minister for Foreign Affairs of Japan, sent a […]

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