Dimo Academy for Technical Skills holds graduation 2017

The 26th graduation ceremony of the Dimo Academy for Technical Skills (DATS) was held recently at the auditorium of the company’s state of the art Mercedes-Benz Centre;  Dimo 800.

Isura Sirisena launches SL’s first free corporate secretarial advice portal

Internationally acclaimed Chartered Corporate Secretary Isura Sirisena recently launched Sri Lanka’s first-ever online portal for free corporate secretarial advice. 

Pro Food / Pro Pack and Agbiz exhibition opens today

Pro Food / Pro Pack and Agbiz exhibition, Sri Lanka’s largest food, packaging and agriculture expo will be held from 4th - 6th August for the 16th consecutive year at the Sirimavo Bandaranaike Memorial Exhibition Hall.

EFC offers labour relation expertise via regional chambers

Under the EFC- Regional Expansion Project, which is part of the ILO Bureau for Employers’ Activities - ACT EMP work plan for the EFC for 2017,a series of training programmes was recently conducted at the Galle and Matara district chambers of commerce and industries, and the Industrial Services Bureau of Kurunegala.

Emerald International partners CIM Sri Lanka

The Chartered Institute of Marketing (CIM) Sri Lanka entered into its second year of  corporate partnership with Emerald International (Pvt.) Limited, one of the leading menswear brands in Sri Lanka, to further strengthen the knowledge and expertise of marketing in men’s fashion. 

Eran tells Singaporean SMEs to seize investment opportunities here

A powerful 35-member group of small and medium entrepreneurs from Singapore called on the   State Minister of Finance Eran Wickramaratne at the Finance Ministry recently to discuss the growing opportunities for direct investment in Sri Lanka.

Pan Asia Bank appoints Aravinda Perera to director board

Senior banker Aravinda Perera has been appointed to the director board of Pan Asia Banking Corporation PLC with effect from August 3, 2017 in the capacity of Non Executive Director, the bank informed the Colombo bourse yesterday.

Exporters express concern over govt.’s move to remove cess on imports

The National Chamber of Exporters of Sri Lanka (NCE), which exclusively serves and represents Sri Lankan exporters, yesterday expressed dismay over the apparent move by the government to remove cess on imported products hitherto imposed as a protective measure for local enterprises.  

Shares hit more than 13-week closing low

REUTERS: Sri Lankan shares fell for a sixth straight session yesterday, their lowest close in more than 13 weeks, led by losses in hotels and diversified stocks.

Rupee closes higher on exporter dollar sales

REUTERS:  The Sri Lankan rupee ended firmer yesterday, erasing early losses as the exporter greenback sales surpassed importer demand for the U.S. currency, while investors largely shrugged off a Central Bank monetary policy decision, dealers said.

Odel June profit up 21% on strong sales

Odel PLC, up-market fashion and lifestyle retailer reported earnings of 16 cents a share or Rs.43.1 million for the April – June quarter, up 21 percent from a year ago supported by strong sales and other incomes, the interim financial accounts released to the Colombo bourse showed. 

Swim-Wall and Meubel House: a natural fit

Furniture and swimwear may sound like an odd coupling at first, but when showcasing high-end fashion design at the retail level, utilising the right conceptual space can do wonders in terms

Serendib Flour Mills hosts ‘7 Star’ get-to gethers for bakers from across the island

As part of its ongoing effort to engage with bakers across the country, Serendib Flour Mills recently conducted a series of get-togethers and meetings for bakery owners. The events brought together 

Meet and Greet for Angelo Mathew’s Fans

OPPO is pleased to announcethat "Meet Mathew," a Meet-and-Greet with Angelo Mathew’s fans, held Tuesday, was a great success.

Mastercard and PayPal Expand Partnership in Asia Pacific to Spur Mobile and Digital Commerce

Mastercard (NYSE: MA) and PayPal (NASDAQ: PYPL) today announced an extension of their partnership into Asia Pacific to enhancethe consumer experience and make Mastercard a 

Photography exhibition on Sri Lanka by the French photographer Cedric Gatillon

The French embassy and the Alliance Française de Kotte in partnership with Black Cat Café welcome the French photographer Cedric Gatillon for an exhibition dedicated to Sri Lanka,

ACL Cables wins Master Brand Status proving its market dominance yet again

Sri Lanka’s No. 1 cable manufacturer in Sri Lanka, ACL Cables PLC achieved the prestigious Master Brand status for 2017, conferred by Chief Marketing Officers (CMO) Asia in partnership withthe World 

Floods hamper Hayleys Fabric performance as June quarter turns a loss

The Hayleys group’s knitted fabric maker, Hayleys Fabric PLC, turned a net loss of Rs.25.2 million or 12 cents a share for the quarter ended June 30, 2017 (1Q17) from a net profit of Rs.32.6 million recorded during the corresponding period last year as the floods hampered the operations.  

SEC to take disciplinary action against brokers on capital adequacy

The capital market regulator, the Securities and Exchange Commission (SEC), yesterday said going forward disciplinary actions would be taken against the stockbrokers who do not adhere to the capital adequacy requirements introduced last year.  

Chartered accountants need to adapt, evolve with changing times: Harsha

National Policies and Economic Affairs Deputy Minister Dr. Harsha De Silva recently called on chartered accountants to adapt and grow and face head on the drastic changes the business world is witnessing. 

Private credit slows in May but state borrowings surge

The credit extended to the private sector by the banks continued to decelerate as the latest data for May showed that the private sector credit growth for the first time in many months had settled below 20 percent, but still above what the policymakers would have liked it to be

ComBank share sale boosts DFCC June quarter

DFCC Bank PLC reported earnings of Rs.5.84 a share or Rs.1.54 billion for its April-June quarter (2Q17) compared to the Rs.747 million profit it recorded during the same period last year as the sale of shares it held in Commercial Bank helped the banking group to prop up its performance.

Overseas Realty June quarter edges up on rental income

Overseas Realty (Ceylon) PLC (OSEA), the local unit of the Singapore-based real-estate group, reported an earnings of 66 cents a share or Rs.811.8 million for the April-June quarter, up 6.3 percent from the same period last year, as revenue from the apartment sales of Havelock City Phase 3 could not be recognized according to the accounting standards.   

Seylan Bank June net up 25% but asset quality weakens

Seylan Bank PLC reported earnings of Rs.3.74 a share or Rs.1.32 billion for the June quarter (2Q17), recording an increase of 25 percent year-on-year (YoY) amid weaker growth in loans, compressed margins and higher loan-loss provisions, the interim results of the bank showed. 

Cargills group in deal with Bank of China

The Cargills group yesterday said it entered into an agreement with Bank of China Limited to promote cooperation and strengthen business ties between the two entities.

idea2fund’s Bakamuna collaborates with Theatre Junction on musical

Bakamuna recently collaborated with Theatre Junction as the official design partner for the contemporary musical ‘Cinderella’ which concluded on August 1st. 

Ceylon Chamber presents proposals to fast-track PPPs under new agency

The Ceylon Chamber of Commerce’s National Agenda Committee on Infrastructure presented a set of recommendations on fast-tracking Private-Public Partnerships (PPP) to the Minister of Finance and Media Mangala Samaraweera recently, and highlighted the need for a robust institutional and operational set up for the new PPP agency.

Vietnam delegation to hold biz forum, B2B meetings at CCC

A 24-member business delegation organized by the Ministry of Industry and Trade Vietnam will be visiting Sri Lanka this month. 

Generation Next Singapore appoints Rajeev Gooneratne as CEO for Sri Lanka

Generation Next Communications Pte Ltd., ( GENXT), Singapore a leading mobile & IT distributor within Asia has appointed Rajeev Gooneratne as their new Chief Executive Officer to head the 

DFCC Bank recognised at Germany’s Karlsruhe Sustainable Finance Awards For 5th Consecutive Year

DFCC Bank was awarded a Certificate of Merit for “Outstanding Business Sustainability Achievement” at the Karlsruhe Sustainable Finance Awards organised by the Global Sustainable Finance Network