German chemicals major BASF has opened its first manufacturing plant in Sri Lanka to meet the growing demand for construction chemicals. The plant, located at Sapugaskande (just outside Colombo), will produce standard and custom-made performance-based construction chemicals under the Master Builders Solutions brand. These include concrete admixtures product ranges such as MasterGlenium, MasterPolyheed, MasterRheobuild and…
India-made vehicles have managed to remain at the top in new motor vehicle registration in Sri Lanka even as registrations as a whole hit a new low, data collected by JB Securities for the month of July show. In the Brand New Segment, 1331 vehicles were registered in July, down from 1490 units in the…
Merchant Bank of Sri Lanka (MBSL) has signed for Fiserv’s Signature back office system and the Teller front-end solution. MBSL has around 100,000 customer accounts and 49 branches. Last year, it merged with its two subsidiaries, MBSL Financial Services and MBSL Savings Bank. Fiserv says the bank needed new technology that was “flexible, scalable and…
KATHMANDU: The newly appointed Sri Lankan Ambassador to Nepal, WS Pereira, said that Sri Lanka was interested in investing in the infrastructure and education sectors in Nepal. Ambassador Pereira said this during a programme organised by the Nepal Chamber of Commerce in her honour in the Capital on Monday. On the occasion, the Sri Lankan…
Inflation, as measured by the change in the National Consumer Price Index (NCPI) (2013=100), which is compiled by the Department of Census and Statistics, decreased to 5.8 per cent in July 2016 from 6.4 per cent in June 2016, on year-on-year basis. Both Food and Non-food categories contributed towards the year-on-year inflation in July 2016….
The Sri Lanka – Italy Business Council of the Ceylon Chamber of Commerce held its 17th Annual General Meeting at the Hilton Colombo Residences recently. Dr. Giandomenico Milano, Charge D’Affairs A.I, Embassy of Italy in Sri Lanka was the Chief Guest at this occasion. Mr. D. R. P Abeyasinghe, Chief Executive Officer, Hydromec International (Private)…
Reuters – Aug 22 Sri Lankan shares closed slightly weaker on Monday after posting a three-month closing high in the previous session as investors booked profit in beverage and telecom stocks. The benchmark Colombo stock index ended 0.12 percent, or 7.65 points, weaker at 6,594.59, after adding 1.23 percent last week in its third straight…
In keeping pace with global trends, the World Bank unveiled a new Procurement Framework to help its partner countries in South Asia that procure goods and services under Bank-financed projects make the best use of their public spending, strengthen their national procurement policies, and improve their development objectives. The new Framework was introduced at an…
Travel to Belgium‚ France‚ Tunisia and Turkey declined in the first six months of the year following terror attacks in these countries‚ according to statistics from Flight Centre Travel Group. Flight Centre ticket sales indicate that travel to Belgium – the target of three co-ordinated terror attacks in March in which 32 people were killed…
The country’s trade agenda received a boost this week with the Ceylon Chamber of Commerce launching a platform to enhance the awareness level of its members on the country’s trade policies. The initiative, called the ‘Trade Intelligence for the Private Sector’ or ‘TIPS’, will focus on the CCC’s engagements on trade policy issues under a…
Video Story
