Sri Lanka to hold its own PropertyGuru Asia Property Awards domestic galain 2018

PropertyGuru, Asia’s foremost online property company, has announced that the inaugural PropertyGuru Asia Property Awards (Sri Lanka) domestic gala dinner will take place at the Shangri-La

DFCC Bank felicitates inaugural batch from the ‘SamataEnglish’ programme

Pursuing its commitment to uplifting the standards of education in the country, DFCC Bank counts Education as a key pillar in its corporate social responsibility initiatives. In fact, DFCC Bank has 

Etihad Airways Improves Timings On Abu Dhabi – Medina Route

Etihad Airways is re-timing its daily Abu Dhabi – Medina flights to a daytime operation and will also introduce three additional weekly services during the peak winter period.  

Latest Colombo AI meetup deciphers fact from fiction

The Colombo Artificial Intelligence (AI) Meetup, organised bythe Sri Lanka Association for Artificial Intelligence (SLAAI) and hosted at Virtusa, is a quarterly forum where industry professionals discuss 

The Launch of Samsung Galaxy Note 8 - Video

New Galaxy Note is designed to help you achieve more in work and life with an Infinity Display, enhanced S Pen and Dual Camera with dual Optical Image Stabilization

The correction that never happened

Global equity markets have gone without a 5 percent drawdown for more than a year and they haven’t suffered a 10 percent correction since the start of 2016. The stock market has powered through several surprise events – Brexit, President Trump’s election and North Korea’s heightened belligerence – seemingly without missing a beat. How are we to make sense of this unusual trend and how do we prepare for the inevitable

Mohan and Dhammika appointed as Singer Chairman and Co-Chairman

Following the acquisition of Singer (Sri Lanka) by Hayleys PLC last month, Hayleys PLC Chairman and Chief Executive Mohan Pandithage was appointed as Chairman of Singer (Sri Lanka) and business tycoon and Hayleys Co-Chairman Dhammika Perera was appointed as Co-Chairman of Singer (Sri Lanka), at a board meeting held at the Singer (Sri Lanka) head office.

Cabinet likely to decide on slapping additional taxes on construction industry today

The cabinet today is likely to discuss the implementation of the Construction Industry Development Levy, which has been delayed for three years, according to a top official.   “The Finance Ministry didn’t want additional taxation to be imposed on the construction industry, so the implementation of the levy was delayed. A few cabinet papers were submitted proposing alternatives and the cabinet will discuss them next week,&rdq

Rupee ends steady; remittances offset importer dollar demand

REUTERS: The Sri Lankan rupee closed steady yesterday as dollar sales by banks due to inward remittances were offset by demand for the US currency from importers to pay for their purchases, dealers said.

Shares hit 7-week closing high; banks gain

REUTERS: Sri Lankan shares rose for a third straight session yesterday to end at their highest close in seven weeks led by banks and diversified shares, while continued foreign buying in the market underpinned positive sentiment.

NTB announces convertible bonds to raise Rs.3.5bn

Nations Trust Bank PLC (NTB) last week resolved to raise fresh capital from a corporate debt issuance as the mid-size lender plans to ramp up capital to stay in line with the new BASEL III regulations on capital, which came into effect from July 1, 2017.

mCash partners with Keells Super to extend ease for customers

Mobitel has partnered with Keells Super outlets to offer mobile users to pay utility bills and make mCash deposits at Keells Super outlets. 

Star Drive promo rewards Caltex customers

Caltex, Sri Lanka’s leading lubricant company concluded the sector’s biggest ever consumer promotion “Caltex Star Drive – Car and Bike Chase” recently.

SLID social calendar returns

Taking a delightful turn from its usual corporate training programmes, workshops and seminars, the Sri Lanka Institute of Directors (SLID) brings together an elegant evening, starting with a drinks reception extending to wining and dining at an exquisite six course dinner whilst listening to the De Lanerolle brothers accompanied by the 18 piece National Unity Orchestra. 

Rate hike likely if private credit continues to grow

Hot on the heels of the International Monetary Fund (IMF) asking Sri Lanka to stand ready to tighten the monetary policy further, the Central Bank last week said they would not hesitate to do so if the private sector credit reaches an unsustainable level.

MAS Holdings teams up with JAT Holdings for chemical leasing deal

Best known for being the world’s first to introduce the chemical leasing model for waste water treatment in 2015, MAS Active Linea Intimo has signed on with JAT Holdings for a first of its kind chemical leasing deal that will see JAT teams providing a paint service instead of simply selling a product. 

Sri Lankan Silicon Valley tech firm Auxenta looks to expand global footprint

Having its roots in Sri Lanka, the fast-growing boutique technology solutions firm Auxenta is currently poised for dramatic expansion to the APAC region having bagged new clients in APAC countries 

Mastercard Arms Issuers with Predictive Tool to Combat Account Related Fraud from Data Breaches

With speed being a critical factor in fighting fraud, Mastercard announced the launch of Early Detection System. This new service provides issuers with a unique advanced alert for cards and   

Over 3000 Kids gather at TF0 Kids Carnival"

The Factory Outlet organized the TFO Kids Carnival to commemorate the World Children's Day on the 24th of September 2017 at the TFO K - Zone, Ja Ela. The TFO Kids Carnival probably was the largest 

Fashion Bug heralds RBN and Shakalaka for the sporty and young

Sri Lanka’s leading fashion destinations, Fashion Bug launched twodivers fashion ranges, RBN and Shakalaka at their latest outlet in Wellawatte. The two collections with their own character 

The Kingsbury Nurtures Breast Cancer Awareness Campaign 2017

Building on the successful campaign held in October 2016, The Kingsbury will embark on another breast cancer awareness campaign under The Kingsbury Nurtures – the CSR arm of The Kingsbury

Embark opens standalone store inK-Zone, Ja-Ela

The pooch-inspired fashion brand opened its 10th store at K-Zone, Ja-Ela on the 29th of September.Embark portrays the rising trend of brands which are 

Sampath Bank Partners With Colombo International Book Fair

Continuing to help nurture the habit of reading, Sampath Bank joined hands with the Colombo International Book Fair as the event's official banking partner for the 13th consecutive year.

Chinese govt. makes donation to Cancer Care Association

A donation ceremony took place at the Cancer Care Association of Sri Lanka on 22nd September.  Chinese Ambassador Yi Xianliang and Speaker Karu Jayasuriya attended the ceremony. Ambassador Yi handed over a donation of Rs. 13 million to Dr. Samadhi Rajapaksa, Chairman of the Cancer Care Trust of Sri Lanka, to assist the foundation to help cancer patients throughout the island. 

Cargills disposes two acres of Colombo land for whopping Rs.4.2bn

Cargills Ceylon PLC has sold two plots of lands with an extent of little over two acres from its massive land bank held in Colombo and elsewhere to Vauxhall Land Developments Private Limited for a consideration of Rs.4.2 billion.

Lankan city hotels keen on knowing more about their foreign visitors

Sri Lankan hotels are attempting to improve the data analysis and segmentation of tourists, according to Cinnamon Hotels & Resorts, which is a subsidiary of the country’s largest leisure sector operator John Keels Holdings PLC.

Thilan says he had no intention of snubbing media

Following is a statement National Agency for Public Private Partnerships Chairman Thilan Wijesinghe has sent to Mirror Business following our story titled ‘Whither good governance? Government’s PPP boss throws media out of top forum,’ which appeared on September 29th.

Entrance of heavy vehicles to Galle Fort banned

The government has taken a decision to enact a gazette notification that was issued in 2009, restricting vehice movement within the Galle Fort.

September inflation accelerates to 7.1% amid soaring food prices

Sri Lanka’s consumer prices measured by the Colombo Consumer Price Index (CCPI) rose to 7.1 percent in September—the second time the prices rose above 7.0 percent during the year as the prices of many staples rose sharply, the consumer price data released by the state statistics office showed. 

U.S. fines HSBC US$175mn for lax forex trading oversight

REUTERS: The U.S. Federal Reserve fined HSBC Holdings PLC US$175 million for “unsafe and unsound practices” in its foreign exchange trading business, the latest in a series of fines for banks that fail to prevent market manipulation.