Sri Lanka’s Lankem Consumer Products Limited, a subsidiary of Lankem Ceylon has commissioned a Rs. 70 million worth laundry soap plant.
The plant located at the firm’s manufacturing complex in Sapugaskanda has the capacity to produce 15 metric tons of soap per shift.
“Laundry soap is the single largest category in the laundry business in Sri Lanka [...]
Sri Lanka’s Elpitiya Plantations has formed a Joint Venture with Dianhong International Limited, a subsidiary of Yunnan Dianhong Group of China, to Grow, Process and Market high quality “Chinese Specialty Tea”.
The new venture, a BOI approved project, is aiming to cater to the high end market segment in Greater China
Accordingly, the newly formed Elpitiya Dianhong [...]
At least four top Sri Lankan companies have said they are ready to partner with Indian firms to set up manufacturing units in the upcoming Special Economic Zone in Trincomalee, which is to be set up by India.
According to the Ministry of Industry and Commerce, those four firms are Samson PLC, Carson Cumberbatch, AMW and [...]
Sri Lanka Shippers Council says unrealistic payments which need to be made during transactions have become a real burden on the importers and exporters of the country.
This situation, the newly elected President of the Shippers Council Dinesh De Silva says has resulted in the cost of imports and exports going up.
Silva also points out that [...]
Sri Lanka’s tea industry remains captive to exploitative colonial culture of farmers, middlemen and marketers, even after 64 years has gone after the country gain independence from British rule, says Merril J. Fernando.
Fernando, who is the founder of the internationally acclaimed DILMAH tea brand which is being made out of pure Ceylon tea, says this [...]
Sri Lanka’s Printcare PLC, a firm engaged in printing tea bag tags, envelops, cartons etc. says its Digital media arm will be the one which will provide growth for the company over the next decade.
Company’s Chairman Merril J. Fernando, who is the founder of the Dilmah tea on his review made to Printcare’s 2011/2012 annual [...]
Chandra Jayaratne, the Former Chairman of the Ceylon Chamber of Commerce and a prominent Business Leader has requested the President’s Office to find out whether the persons who publicly endorsed the TFC – NSB deal conform to the ‘Fit & Proper’ Guidelines of the Banking Act.
In a letter sent to the President’s Secretary Lalith Weeratunga [...]
Sri Lanka’s well known apparel executive Dian Gomes has teamed up with another two professionals to form the Innovest Investments Private Limited, an investment management firm.
Accordingly, Gomes who is a group director at MAS Holdings has teamed up with former Chairman of the Colombo Stock Exchange and Finance Commission Ajit de S. Jayaratne and Oxford [...]
Sri Lanka’s Softlogic Group, a diversified conglomerate is planning to expand its consumer electronic and home appliances segment, in a bid to take advantage of the increasing demand for such products in the local market.
Accordingly, the firm which operates 110 outlets as of now, will increase the network strength to 250 by end 2012.
“We are [...]
Sri Lanka’s Securities and Exchange Commission has started hunting for a new Director General to fill the post which is already vacant.
In an advertisement published on weekend news papers the SEC says, the interested persons who have a Bachelors Degree or a equivalent professional qualification with 10 years of experience are eligible to apply for [...]