Mastercard - Educate Lanka Scholarship Program Empowers Young Sri Lankan Women

Mastercard and Educate Lanka presented the first batch of Mastercard sponsored scholarships to educate female students from socioeconomically marginalized

PUM Netherlands experts add value to Lankan meat products

Sri Lanka needs to work hard to increase the value of our exports in order to meet the demands of the export market and also to reach the target of doubling the export income by 2020. 

National Chamber supports ‘China Products Show 2017’

The 3rd edition of the China Products exhibition will be opened on November 22 at 10.00 a.m. at the Sri Lanka Exhibition & Convention Centre and will be graced by the Director General of Commerce as the Chief Guest. 

Brandix partners Best Pacific to produce synthetic fabric and webbing

Sri Lanka’s leading exporter Brandix has announced plans to launch a joint venture with the global synthetic materials manufacturer Best Pacific of Hong Kong to produce synthetic fabric and webbing in Sri Lanka with specific focus on warp knit synthetic fabric.

Abans wins accolades at HP Partners Night 2017

Abans PLC attained the prestigious ‘Best Direct Retailer – PC’ and ‘Best Service Provider – Consumer’ awards at the annual HP Partners Night 2017, which was recently held at The Marriot Hotel, Weligama.

Biz leaders address incubation programme

Carl Cruz, Chairman – Unilever, Selyna Peiris, CEO - Selyn Handlooms and Ravin Basnayake, Managing Director - Citi Country Officer Sri Lanka addressed a panel discussion held at the ‘#WeAre2030: Youth Dialogue and Incubation Programme,’ recently. 

Chevron Lanka cuts prices to salvage market share

Chevron Lubricants Lanka PLC (LLUB) has abandoned its strategy of defending the product prices amid losing market share and is shifting gears towards increasing its volumes, absorbing the imminent hit on the margins.  

Rupee ends steady in dull trade

REUTERS: The Sri Lankan rupee closed flat yesterday in dull trade as importer dollar demand was offset by exporter conversion of US currency, dealers said.

SLT September net profit halves on higher depreciation, operating costs

Sri Lanka Telecom PLC (SLT) net profit halved for the third quarter of 2017, which ended this September (3Q17), compared to the corresponding period in 2016, as higher depreciation, operating costs and flat revenue ate into the group’s profitability.

Shares edge down; traders await fresh cues

REUTERS: Sri Lankan shares ended marginally lower yesterday, with traders staying on the sidelines for want of fresh triggers amid expectations of certain amendments in the budget.

Global Enterprise Network now open for Sri Lankans

To help startups and SMEs in Sri Lanka to accelerate growth and make an impact, Rainbow Institute launched training on entrepreneurship on November 13th, and marked the first event on the first day of Global Entrepreneurship Week in Sri Lanka - #GEW2017.

Once bitten, twice shy!

Despite the repeated assurances by the authorities that there was no fuel shortage, people flocked to fuel stations in Colombo and the suburbs yesterday, reminding the adage ‘once bitten, twice shy’. 

Nuzreth Jalaldeen appointed Executive Director of AmCham

The American Chamber of Commerce in Sri Lanka has appointed Nuzreth Jalaldeen as its new Executive Director with effect from November 2017.

Amãna Takaful celebrates World Fisheries Day

Amãna Takaful (ATL) recently celebrated World Fisheries Day, which fell on November 21st, by highlighting the benefits of its ‘Samudra Shakthi’ insurance 

Amãna Bank introduces Instant SMS Alerts.

Amana Bank in line with its ongoing digital focus has launched instant SMS Alerts on key banking transactions to keep customers updated as and when they occur.

Allianz Lanka Keeps Up Impressive Growth Momentum through 3Q, 2017

Allianz Lanka continued to maintain its impressive performance across its general and life businesses through the 9 months ended 30thSeptember, 2017.

DSI clinches Gold at Quality Circles Convention

Two subsidiaries of the DSI Group - D Samson Industries and Samson Bikes qualified to stage 2 Quality Circles at this International event after winning Gold Awards at the National QC Convention 2017. 

HNB joins USAID-funded ‘YouLead’ project

Hatton National Bank Plc entered into a Memorandum of Understanding (MOU) with International Executive Service Corps (IESC), which will implement the US Agency for International Development’s (US AID) funded youth entrepreneurship and advancement programme called ‘YouLead’. 

School purchases Ashok Leyland Lynx to mark anniversary

Vishaka Vidyalaya Bandarawela purchased the latest Ashok Leyland Lynx Strong bus recently to commemorate their 75th anniversary.  

Finagle Lanka recognizes outstanding dealers

Finagle Lanka Pvt. Ltd., a leading provider of innovative bakery products that have become a household name among satisfied customers island-wide, honoured top dealers during its annual dealer convention held recently. 

LVL Energy Fund seeks Rs.1.2bn in new listing

Sri Lanka’s LVL Energy Fund Limited, a company that invests in renewable and thermal power projects across Sri Lanka and beyond, last week announced they were seeking a listing on the Colombo Stock Exchange.

SL to reform archaic labour laws to allow flexible working; hire-and-fire policy for startups

Bringing in sweeping reforms to the country’s archaic labour laws, the government is gearing to create a legal environment where more women could join the country’s labour force and allow employers introduce flexible working hours. 

AIA Group’s Lankan unit sees 12% premiums growth in 3Q

Despite a flat September quarter in terms of new businesses compared to the previous quarter, AIA Insurance Lanka PLC’s overall performance signaled that the life insurer is gradually establishing its position in the Sri Lankan insurance market, which has extremely low appetite for long-term insurance products. 

Sri Lanka among countries with largest gender gap in labour force: WB

A recently released World Bank report on female labour in Sri Lanka said, Sri Lanka has the 14th largest gender gap in labour force participation globally and the situation is getting worse by the day.  The report titled ‘Getting to Work: Unlocking Women’s Potential in Sri Lanka’s Labour Force’ also 

Govt. will send experts to Russia to study chrysotile fiber: minister

Science, Technology and Research Minister Susil Premajayantha last week said the government will send a team of experts to Russia to study and gather information about chrysotile fiber (the main ingredient of popular roofing solution, asbestos) and its effect on human health. 

Unilever and MullenLowe Most Awarded Partnership at Effies

Unilever Sri Lanka and MullenLowe Sri Lanka continued to prevail as the most awarded partnership in the history of the Effies in Sri Lanka.The duo won Effie glory for their creative effectivenes

SampathCards Invites Cardholders to Begin the Season with Sensational Offers

SampathCards is enabling cardholders begin the holiday season with a host of amazing offers that help them indulge themselves in the best that the season has to offer.

Advantis Projects Provides End-To-End Solution for 24MW Power Plant Relocation to Sudan

Advantis Projects, the project logistics arm of Hayleys Advantis Group, recently relocated the 24MWLakdhanavai power plant from Sapugaskanda to Nyala, Sudan,

SLIM NASCO 2017 rewards top sales professionals in the nation

The National Sales Congress (NASCO) 2017 organized by the Sri Lanka Institute of Marketing (SLIM) drew to a successful conclusion recently at Eagle’s Lakeside

Fitch assigns final ratings to LB Finance’s senior, subordinated debt

Fitch Ratings has assigned LB Finance PLC’s (LB; A- (lka)/Stable) proposed senior unsecured and subordinated debentures final National Long-Term Ratings of ‘A-(lka)’ and ‘BBB+(lka)’ respectively.  The assignment of the final ratings follow the receipt of documents conforming to information already