Last Updated : 25-04-2014 02:49

 
 

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Fonterra's global ambassodor, All Blacks capt. arrives in SL

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Fonterra brand ambassador and New Zealand All Blacks rugby captain, Richie McCaw visited Fonterra's milk processing site in Biyagama yesterday, to witness first-hand the company's contribution to the local dairy industry.
Views: 2548

Combank ranked Lanka’s ‘most desired’ employer

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The Commercial Bank has been ranked number one in a survey of ‘Employers of Choice’ in Sri Lanka, published in the March 2013 issue of LMD magazine. The Bank achieved an Employer Choice Index of 105 in the survey conducted by TNS Lanka.
Views: 1461

Listed firms in debenture rush

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Many listed entities in the Colombo Stock Exchange were seen taking advantage of the concessions offered in the Budget 2013 with regard to corporate debt, as few companies have already raised big sums this year through debenture issues with a several more to follow.
Views: 2065

COPE questions SEC’S failure to submit info on investigations

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The Securities and Exchange Commission (SEC) has been unable to submit any substantial information to the Committee on Public Enterprises (COPE) with regard to the investigations on market misconduct, during the meeting held last week, a COPE member stated.
Views: 1287

Skill dearth hurts private healthcare sector: Report

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The shortage of medical professionals in Sri Lanka remains a major constraint for the private sector in exploiting the growing demand for private healthcare, a survey revealed.
Views: 1347

JAT wins big at Architects Exhibit

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At the recently concluded Architects Exhibition, JAT won the award for the Most Innovative and Informative stall, proving that they are the forerunners in the market for timber coatings. This was the first time an award was awarded for this category.
Views: 995

Lankan software piracy rate at daunting 84%

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Despite recent efforts to tackle software piracy, Mirror Business learns that the unauthorized use of software by Sri Lankans has been shockingly high at 84 percent in 2012, implying that 84 out of 100 Lankans ran their computers on pirated software.
Views: 2636

Hemas secures land in Ratmalana for fourth hospital

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Hemas Hospitals Private Limited, the fully owned subsidiary of Hemas Holding PLC sending a strong signal to sector rivals yesterday revealed plans to construct its next hospital in Ratmalana, taking into account the area’s growing middle class. This will take the total number of Hemas hospitals to four.
Views: 1585

Rs.6 bn PLC debenture issue oversubscribed

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The Rs.6 billion listed debenture issue by People’s Leasing & Finance PLC (PLC), a unit of state-owned People’s Bank was oversubscribed yesterday—the opening day of the issue
Views: 1698

Katunayake Expressway to be opened this August

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Arrangements are being made to open the 26 kilometre-long Katunayake - Kelaniya Expressway, built at a cost of US$ 291 million, this August.
Views: 2644

Asia’s defence spending overtakes Europe’s: IISS

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Asia’s defence spending overtook Europe’s for the first time last year, the International Institute for Strategic Studies (IISS) said on Thursday, reflecting China’s military rise and shrinking European economies.
Views: 2284

Australia’s Paycorp to set up KPO centre in Sri Lanka

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The Board of Investment (BoI) of Sri Lanka yesterday announced the signing of a US$ 4.40 million agreement with Paycorp Payment Solutions for the setting up of a Knowledge Process Outsourcing (KPO) center.
Views: 2302

Weak world economy curbing oil demand: IEA

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Global oil demand will be squeezed by weak economic growth this year, while soaring U.S. production gives consumers a perfect cushion to withstand most supply outages, the West’s energy agency said yesterday.
Views: 1494

Krrish Square construction to begin in June

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Construction on Krrish Square is set to commence from June of this year, according to Krrish Group Chief Executive Officer R.P. Gupta.
Views: 3241

MAS Chief recognized for women empowerment

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MAS Holdings Chairman Deshamanya Mahesh Amalean has been recognized for exceptional leadership in championing women’s empowerment and support for the Women’s Empowerment Principles – a partnership initiative of UN Women and the UN Global Compact.
Views: 2085

Korean Air begins direct flights to Colombo

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South Korea’s flag carrier, Korean Air on Sunday began direct flights to Sri Lanka.
Views: 4018

CIMA President Babber in town

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CIMA ’s President, Gulzari Babber who is on an official tour to all CIMA markets in the region makes his visit to Sri Lanka this week.
Views: 1769

Norochcholai coal power plant : Debt-to-equity swap deal ‘dangerous' - Expert

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A top energy expert recently warned of dire consequences of transferring the Norochcholai coal power plant back to the Chinese company in lieu of the massive loans obtained to construct the project and went on to describe a possible scenario of such a move as ‘dangerous'.
Views: 5267

Stanchart and ADB collaborate to support microfinance across Asia

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Standard Chartered Bank has entered into a collaboration with the Asian Development Bank (ADB) to support the growth of the microfinance sector in Asia. This region-wide collaboration aims to improve access to financial services for the poor in ADB's developing member countries (DMC's).
Views: 1353

Financial Action Task Force recognizes SL’S compliance status

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The Financial Action Task Force (FATF), the global policy/standard setter on anti-money laundering (AML) and countering the financing of terrorism (CFT), with 36 member countries and regional organisations, has determined that Sri Lanka is a country that is compliant with its standards, at its meeting recently.
Views: 1470

Chevron’s new plant to add more capacity

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Sri Lanka’s largest lubricant industry player Chevron Lubricant Lanka PLC’s (LLUB) new blending plant that is under construction, is expected to produce 20 to 25 percent more lubricants in addition to the firm’s present capacity, a top official of the company said.
Views: 1749

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