‘Pulsar Power Club Cricket Fiesta 2017’ came to a successful end

The Pulsar Power Club Cricket Fiesta, the largest ever motorcycle club cricket fiesta in Sri Lanka, is a noteworthy and popular cricket tournament organized by the David Pieris Motor Company,.

Laugfs Gas 1Q in red; says engaging govt. for market pricing

Downstream liquefied petroleum gas (LPG) operator Laugfs Gas PLC turned a net loss of Rs.455. 8 million for its April – June quarter (1Q18) against a profit of Rs.25.8 million reported during the same period last year, the interim financial accounts released by the company showed.  

CB sets record straight on NPP

The Central Bank on Tuesday said that the proposed National Payment Platform (NPP) or any other such payment platform should be regulated as done in other parts of the world.

Cargills June profit narrows over higher borrowing costs but top line resilient

Net profit of Cargills Ceylon PLC group fell 2.0 percent year-on-year (YoY) to Rs.751 million or Rs.3.35 a share during the April – June quarter (1Q18) due to higher finance costs stemming from fresh borrowings made and the rising interest rates, the interim financial accounts of the company showed.   

Oman Air CEO visits key destinations throughout airline’s network

The Chief Executive Officer of Oman Air, the national carrier of the Sultanate of Oman, has undertaken a series of high profile visits to Delhi, Zurich and Kuala Lumpur. 

Colombo ranked among top 5 most improved cities in the world

Sri Lanka’s latest development efforts have resulted in Colombo standing tall as one the top five most improved cities in the world according to a survey carried out by The Economist Group.

China’s CATIC-ENG hails A380 landing at BIA

Bandaranaike International Airport (BIA) runway witnessed its brand new outlook since its establishment thirty years ago. 

Softlogic 1Q net down but records strong top line growth

Diversified conglomerate Softlogic Holdings PLC saw its net profit falling 57.19 percent year-on-year (YoY) to Rs.43.58 million in the June quarter (1Q18), despite a resilient top line performance, due to  higher finance and administrative costs. 

Manufacturing and services sector activities expand in July

Sri Lanka’s manufacturing and services sector activities measured by Sri Lanka Purchasing Managers’ Index (PMI) expanded in the month of July, albeit at a slower rate, according to the Central Bank of Sri Lanka.

Germany’s Most Innovative Kitchen Brand Is Now In Sri Lanka

The recent years have witnessed an increasing growth in the popularity of kitchen finishes. 2016 saw the partnership of two pillars in the global Kitchen Industry in order to meet the increasing demands

Thimal Perera appointed as new Deputy CEO of DFCC Bank

DFCC Bank PLC announced the appointment of Thimal Perera as the Bank’s new Deputy CEO, with effect from 16 August 2017. 

Lakshman Silva appointed as Chief Executive Officer of DFCC Bank PLC

DFCC Bank PLC announced the appointment of Lakshman Silva as the Bank’s new CEO, with effect from 16th August 2017.

Allianz Shaping the Football Stars of Tomorrow

The annual Allianz Junior Football Camp concluded recently in Bali, Indonesia with great fanfare. The four day programme is a much looked forward to event with exciting training sessions led by FC 

Super Bento Rush at Hilton Colombo’s IkoiTei!

On your mark set ready go…..that’s right the race is on!  15 Bento boxes for grabs each day from the 21st August till 2nd September, 12noon to 3pm.  A 

Mobitel unveils the next tech revolution with ‘X Station’

Mobitel, the National Mobile Service Provider, proves yet again its credentials as the unrivaled leader of the country’s digital revolution by unveiling ‘X Station’, the first hi-tech Internet of Things (IoT) 

Engage, Not Sell: Embracing the Millennial Consumer

Millennials,the generation born from the early 1980s to the early 2000s, are driving a major paradigm shift in the business-consumer relationship.Currently numbering 2.4 billion people according to the 

Prestige Automobile introduces the futuristic BMW G30 5 series plug-in hybrid to the Lankan market

The all new BMW 5 series plug-in hybrid was unveiled to the Lankan marketby Prestige Automobile Pvt. Ltd., the sole authorised importer and distributor of BMW,MINI and Hyundai vehiclesin Sri Lanka,

NTB June profit growth slows over higher loan loss provisions, taxes

Nations Trust Bank PLC (NTB) reported earnings of Rs.3.05 a share or Rs.702.5 million net profit for the quarter ended June 30, 2017 (2Q17), an increase of just 2.0 percent year-on-year (YoY) amid higher loan loss provisions and taxes. 

Monetary Board suspends Pan Asia Bank’s primary dealer status

The Monetary Board of the Central Bank yesterday announced the suspension of primary dealer status of Pan Asia Banking Corporation PLC (PABC) for six months with effect from August 15, 2017.

Nawaloka Hospitals June profits soar amid higher healthcare spending

Leading private healthcare services provider Nawaloka Hospitals PLC posted Rs.83.78 million net profit for the first quarter of 2018 ended this June, up 84.82 percent year-on-year (YoY), as increased consumption of healthcare services was witnessed during the quarter due to the dengue epidemic that spread across the island.  

Shares record steepest drop in 5 months despite foreign buying

REUTERS: Sri Lankan shares posted their worst decline in nearly five months yesterday, as local investor sentiment remained muted, after a string of disappointing June-quarter corporate results. However, foreign investors bought the island nation’s risky assets, with offshore buying accounting for more than 80 percent of the session’s turnover.

Cargills June profit narrows over higher borrowing costs but top-line resilient

Net profit of Cargills Ceylon PLC group fell 2.0 percent year-on-year (YoY) to Rs.751 million or Rs.3.35 a share during the April – June quarter (1Q18) due to higher finance costs stemming from fresh borrowings made and the rising interest rates, the interim financial accounts of the company showed.  The retail giant, which also has commercial banking operations under an associate company, reported a revenue of Rs.22.9 billion compared

Manufacturing and services sector activities expand in July

Sri Lanka’s manufacturing and services sector activities measured by Sri Lanka Purchasing Managers’ Index (PMI) expanded in the month of July, albeit at a slower rate, according to the Central Bank of Sri Lanka.

CB sets record straight on NPP

The Central Bank said yesterday that the proposed National Payment Plan or any other payment platform, such should be regulated as done in other parts of the world.

All FACETS stalls sold out

The organizing committee of the FACETS International Gem and Jewelry Exhibition announced that all stalls have been sold out at the upcoming exhibition, which is set to begin on 31st August to 3rd September at the BMICH. 

Millennium Project holds inaugural foresight analysis workshop

Asanga Abeyagoonasekera who was appointed as the Sri Lanka node chair by Millennium Project Washington, conducted his first workshop in Colombo on August 8th. 

Sri Lanka Retail Forum 2017 to kick-start next month

The Sri Lanka Retail Forum 2017, is scheduled to take off on 13th of September in Colombo, under the theme ‘Winning the New Consumer: Energizing Retail’.   The Forum will be the Retail industry’s premier event.

High-ranking Customs officials to attend NCC forum

The National Chamber of Commerce of Sri Lanka in collaboration with Sri Lanka Customs will conduct a business forum with a team of high-ranking officials of Sri Lanka Customs on August 23rd from 3.00 p.m to 5.00 p.m at the National Chamber Auditorium, Colombo-10.

EDB to conduct seminar on ‘Digital Doors to Trade’ for exporters

The Sri Lanka Export Development Board (EDB) is organizing a half day seminar on “Digital Doors to Trade” for Sri Lankan exporters on consumer items to create an awareness on Business-to-Business (B2B) and Business-to-Consumer (B2C) digital trade platforms.  The seminar will be held on August 29th  from 9.00 a.m. – 1.00 p.m. at the  EDB auditorium.

Sri Lanka’s first online booking platform launched for service-oriented businesses

It is presumed that on average a Sri Lankan can lose up to 50 working hours per year on waiting time for core service offerings.