DFCC Bank’s ‘Vardhana Junior’ launches valuable Grade 5 scholarship scheme

DFCC Bank’s newly re-launched, ‘Vardhana Junior’ with a scholarship scheme for the benefit of Grade 5 students sitting the all-important scholarship examination in 2017. The scheme rewards 

JKOA launches SAP Hybris Cloud for Service: a revolutionary customer support service

Leading office automation solutions provider John Keells Office Automation (JKOA) launched the SAP Hybris Cloud for Service customer support module on 6th August at its Colombo headquarters

ThreadSol concludes first edition of Apparel Tech Up Sri Lanka

After Apparel Tech Up in Bangladesh, India, Vietnam and Indonesia, ThreadSol hosted the first edition of Apparel Tech Up for the Sri Lankan apparel industry on 20th July 2017 at Cinnamon Grand, 

Janashakthi Bags Inter-Insurance Company Cricket Title

Team Janashakthi Insurance PLC emerged champions at the “Hema Wijeratne” Challenge Trophy 2017 held at the Colombo Colts Cricket Ground recently. 19 teams, including a joint team from the

Oasis Hospital Colombo – a resource for healthcare with a conscience

Restructuring and refurbishing to provide economical and compassionate care has begun at the Oasis under its new management. In the coming months, the entire facility would provide improved 

Two young professionals from Leo Burnett Sri Lanka selected to join The Leaders Studio by Publicis G

Wasim Akram and Rinesh Jayarathne, two dynamic young professionals from Leo Burnett Sri Lanka, were recently selected to join The Leaders Studio, a programme created by the Publicis Groupe,

IASL Announces the Approach Of NAFLIA

The Insurance Association of Sri Lanka (IASL ) has announced that the annual National Forum for Life Insurance Advisors (NAFLIA) will be held on the 17th of August 2017 at the BMICH.

Cream of Kapiti Cheese touches Sri Lankan shores

Sri Lankan connoisseurs can now indulge in one of the world’s top gourmet cheese ranges that’s a cut above the rest.

Dialog June profits edge up amid higher taxes, slowdown in consumer spending

According to the recently released interim financial accounts of Dialog Axiata PLC, the top and bottom lines of the country’s leading mobile telephony services provider appear to have felt the pinch of the current slowdown in consumer spending.

Caltex rewards winners of ‘Car and Bike Chase’ winners

The fourth lucky set of ‘Caltex Star Drive – Car and Bike Chase’ winners received their brand-new Bajaj Discover 125cc motorcycles plus a year’s worth of free engine oil at an event held at the Chevron House in Colombo 3 recently.

Solahart offers total hot water solutions in Sri Lanka

Solahart Australia together with Alpha Thermal Systems (Pvt) Ltd., the sole distributor for Solahart  domestic and commercial  hot water systems in Sri Lanka held an educational seminar  at Jetwing Colombo 7 recently. 

Abans appointed authorized distributor for Apple in Sri Lanka

Apple, the world’s most renowned and progressive technology brand, has appointed Abans PLC as the authorized distributor and importer of Apple productsin Sri Lanka. 

IFC invests US $ 100mn in ComBank to boost green financing

IFC, a member of the World Bank Group, is partnering with Sri Lanka’s Commercial Bank of Ceylon for a US $ 100 million financing structure to help the bank increase lending for renewable energy and energy efficiency projects in the country. 

State bank lending to SMEs likely to be reason for high credit growth: CB

Large state banks lending to small and medium enterprises (SMEs) through government influences could be one reason for the moderately high private credit growth rate this year, the Central Bank said recently.

‘Kotagala Kahata – Rasa Wasana’ consumer promotion offers 20 TVS Scooty Peps

Kotagala Kahata customers are in for a bonanza with the ‘Kotagala Kahata – Rasa Wasana’ consumer promotion, which began on June 22nd. 

Distraught polythene makers seek ministerial intervention to tackle looming ban

Sri Lanka’s high-density polyethylene (HDPE) and recycling industry yesterday said the looming ban on polythene is likely to affect Sri Lanka’s retail economy, exports and even garbage disposal.

PM cautions tea industry of major demographic changes set to happen in 2050

Sri Lanka should celebrate the 150 years of its tea industry with a hard look at the sector in order to make it vibrant, so that it could overcome the challenges running up to 2050, when vast social and economic changes take place in the world, Prime Minister Ranil Wickremesinghe said.

Island Dairies wins President’s award for best dairy company

Island Dairies (Pvt) Ltd, Kegalle, a leading company involved in manufacturing dairy products using milk of our own country won the President’s award for the island’s best manufacturer of dairy products at the recent National Programme on Food Production-2016 organized by the President’s Office. 

CIC re-launches website with enhanced user experience

CIC Holdings PLC, one of the leading blue-chip conglomerates in the country, re-launched their website with a refreshing new outlook that includes easy navigation with user-friendly features taking user experience to a whole new level.

Sampath Bank Commences Restoration of Ambagaswewa in Kahatagasdigiliya

Several officers of the Govi Samithiya, the Department of Agrarian Development and other government bodies attended the ceremonial inauguration of the project on 20th July together with 

NAFLIA to Enhance Public Awareness on Insurance

The National Forum for Life Insurance Advisors (NAFLIA) will take place for the 8th consecutive year with 2017’s theme being, “Towards the Day All Sri Lankans are Insured- “Are we ready?” 

Virtusa Announces First Quarter 2018 Consolidated Financial Results

Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that accelerates business outcomes for its clients, reported consolidated financial results for the first 

Haycarb 1Q net hit by supply shortages and high coconut shell prices

Activated carbon manufacturer Haycarb PLC said the supply shortages in the Indonesian operations and high coconut shell prices in Sri Lanka, India and Thailand are hurting its operations, and hence is looking at the possibility of passing on a fair share of the cost to the customers.     

Watawala 1Q profit up 58% over tea sector turnaround, sustained palm oil profits

The turnaround in the tea segment and the sustained profitability in the palm oil segment propelled Watawala Plantations PLC’s (WATA) profits during the April - June quarter (1Q18) when the plantations group was readying to segregate its tea business under a separate entity.     

Embattled NDB CFO resigns

National Development Bank PLC Chief Financial Officer (CFO) Faizan Ozman has tendered his resignation following a controversial whistleblowing incident, Mirror Business reliably learns.

Access Engineering mulls own training centre to fight construction labour shortage

Access Engineering PLC (Access) is interested in exploring opportunities of setting up its own educational institute to impart vocational skills on to Sri Lankan youth and attract them to the labour-scarce construction industry.

Sri Lanka’s May fiscal deficit down; tax collection up 13%

Sri Lanka’s fiscal deficit for May 2017 fell 10.93 percent compared to 12 months ago to Rs.52.16 billion, with increased public investment overtaking higher income revenue, pushing the deficit for the first five months of the year down, overshadowing progress made earlier.

Rupee ends firmer on bank dollar sales

REUTERS: The Sri Lankan rupee ended firmer yesterday, as dollar selling by banks surpassed mild importer demand for the greenback in dull trade after the long weekend, dealers said.

Shares fall to 3-1/2-month closing low, blue chips drag

REUTERS:  Sri Lankan shares fell for an eighth straight session yesterday, posting their lowest close in nearly 3-1/2 months, with blue chips such as John Keells Holdings Plc leading the decline while selling by foreign investors also weighed on the market.

Lankan Chartered Accountant appointed to top UN Audit Committee

Chartered Accountant Lakshman Athukorala was recently appointed to the Independent Audit Advisory Committee of the United Nations Industrial Development Organization (UNIDO), in Vienna, Austria as recommended at the 45th session of the Industrial Development Board.