PickMe Waasi Grand Draw 2017 winners receive cash and prizes up to Rs.1mn

Regular PickMe patron, Joanne De La Zilwa, took home a cash prize of Rs.1 million after she was adjudged as the lucky winner of ‘PickMe Waasi’ Grand Draw 2017, the three-month loyalty programme introduced for patrons of the tech-based taxi hailing company. 

Dreamron Five Minute Black Henna conquers local, international market

There is an ever-growing demand for hair colour products among youth and elderly people and Sri Lanka’s premier cosmetics brand and the largest exporter of hair and skin cosmetics, Dreamron has been the saviour of many who are looking for quality products to get rid of their ‘gray-hair problems’. 

Scan Jumbo Peanuts rewards Cycle Wassa promo winners

The ‘Scan Jumbo Peanuts Cycle Wassa’ initially began as a consumer promotion campaign in the year 2014. After the first event’s success, this prompted the Scan Jumbo Peanuts Cycle Wassa 2 to take place the following year, in 2015. 

Iconic Galaxy showcases parliament complex, Rajagiriya in new light for Int’l Vesak

Beginning at sunset on the Vesak day, the lights on the iconic parliament complex, the majestic drive to it plus the areas in Rajagiriya dazzled the skyline on a celebratory note. 

Foodology at Swim Week Colombo

Swim Week Colombo ‘18 is fast approaching and while creating a launching platform for swimwear in the region, “Fashion and Food” will see leading restaurants in Colombo curate unique events intended 

ART CONNECT By Swim Week Colombo

In its third edition Swim Week Colombo launches with Art Connect on the 27th of June 2017 hosted at Trace Expert City. Art connect returns for its second season and features six of Sri Lanka’s most 

Fairway Holdings Acquires Multi Finance

Fairway Holdings, a rapidly diversifying conglomerate, recently acquired Multi Finance PLC under its umbrella with a view to giving this erstwhile financial institution that is known for its trust for 42 years 

Technology like ThreadSol is key to accelerate Sri Lanka’s apparel export

Textiles and garments industry in Sri Lanka depends heavily on imported raw material and accessories. More than 70 per cent of the raw material and 70pct -90pct of the accessories

Serendib Flour Mills marks Poson Poya with generous dansalas in 3 locations

Serendib Flour Mills as part of its CSR commitment recently celebrated the religious festival of Poson Poya by conducting 3 dansal events in 3 different locations of the island. The Paan dansala 

NDB customers to benefit from partnership with eChannelling PLC

eChannelling PLC, the largest doctor channelling network in Sri Lanka and the pioneer software developer and ICT service provider to the healthcare industry in the country, has entered 

Carbon Consulting Company Accorded ‘Climate Neutral Champion’ Status by UN Climate Secretariat

Sri Lanka based Carbon Consulting Company (CCC) was accorded another global recognition when the United Nations (UN) Climate Change Secretariat awarded them

Strong Sri Lankan sales wins Gestetner best performance in RICOH Asia Pacific

Building on its winning legacy, Gestetner of Ceylon PLC once again won resounding recognition for its tremendous sales performance over the past year, rising above its peers in the Asia Pacific region 

DFCC Bank recognised at ADFIAP Awards night for SME Development

At the recent ADFIAP (Association of Development Financing Institutions in Asia and Pacific) Awards Night held in Macau, DFCC Bank won an award under the SME Development category

Hotel industry vies to become country’s biggest investor by 2020

The industry association of Sri Lanka’s hoteliers and the leading lobby group of the country’s tourism sector this week claimed that their industry will become the largest investor in the Sri Lankan economy by 2020.

Drought, floods slash Sri Lanka’s rice production, threaten food security: UN

 A severe drought followed by floods has slashed agricultural production in Sri Lanka, leaving some 900,000 people facing food insecurity, the United Nations said, warning that without help the situation might further deteriorate.

Nepali billionaire Binod Chaudhary chief guest of Ceylon Chamber’s 178th AGM

Binod Chaudhary, who is regarded as Nepal’s first billionaire and the only one from the Himalayan republic to be listed on Forbes Magazine’s billionaire’s list will be the chief guest of the 178th Annual General Meeting (AGM) of the Ceylon Chamber of Commerce.

Aitken Spence Travels celebrates four decades of excellence

Aitken Spence Travels, Sri Lanka’s largest inbound tourism company, marks its 40th anniversary this week. 

Rupee edges up ahead of cbank rate review

REUTERS: The Sri Lankan rupee ended slightly firmer yesterday ahead of the Central Bank’s policy review as a foreign bank sold dollars, but dollar buying by a state bank prevented further strengthening in the rupee, dealers said.

Fitch sees possible rise in banks’ minimum capital levels

Amid the forthcoming higher capital adequacy requirements that are to be met under BASEL III from as early as July 1, Fitch Ratings says Sri Lanka’s banks may also have to be ready for elevated minimum capital levels as proposed by the last budget. 

Shares slip from 17-mth high ahead of cbank rate review

REUTERS: Sri Lankan shares fell yesterday in low turnover, retreating from a 17-month closing high, as investors awaited the Central Bank’s monetary policy review.

Pro-Am Serendib exhorts Sri Lanka to gear up for global IRONMAN triathlon event in 2018

Pro-Am Serendib (Pvt) Ltd., the official licensee of the World Triathlon Corporation and owner of the IRONMAN global triathlon brand, is gearing up to hold a prestigious international sporting event 

Jaguar E-Pace: The New Compact Performance Suv

Joining Jaguar’s PACE family of performance SUVs, the E-PACE follows on from the successful F-PACE, which helped boost Jaguar’s sales by 83 per cent last year, and the all-electric I-PACE 

hSenid and Effective Solutions launch ‘MiCar’ robotic car

With a primary goal of creating a networking space for the programming community of Sri Lanka, hSenid Mobile Solutions (hMS), together with Effective Solutions (Pvt) Ltd., recently conducted an event on robotics and programmable cars. 

LG G6 launched for first time in Sri Lanka

Abans recently launched LG’s newest flagship smartphone, the LG G6, for the first time in Sri Lanka, being the country’s sole authorized distributor for LG electronics. 

Lewie Diasz's ‘Marketing & Business STRATEGY’ book launched

'Marketing & Business STRATEGY’ Sri Lanka’s first Management book to be published in UK & USA was launched this week at an event held at the Sri Lanka foundation institute.  

HVA Foods closes in acquiring state land organic agriculture project

HVA Foods PLC has gained ground on acquiring state land to start its US $ 4 million organic agriculture resort near Wilpattu as a proposal by Land and Parliamentary Reforms Minister Gayantha Karunathilaka to lease 69.9 hectares or 172.2 acres of land to the company has received the cabinet approval. 

Cabinet nod for IFC sell rupee bonds in intl. market

The Cabinet of Ministers has passed a proposal allowing the International Finance Corporation (IFC), a unit of the World Bank Group, to sell rupee bonds in the international market.

SVAT abolishment set for January, next year

The Simplified Value Added Tax (SVAT) scheme will be abolished on January 1, 2018, subject to parliamentary approval, according to a decision taken by the Cabinet of Ministers. 

Japan’s JCB bags SL’s bank cards tender

Japanese banking giant JCB International Co. Ltd will be issuing Sri Lanka’s national banking cards in partnership with LankaClear (Pvt.) Ltd’s LankaPay brand next year, it was revealed on Tuesday. “The partnership was approved last week by the Monetary Board of the Central Bank,” LankaClear CEO Channa de Silva told LankaPay Technovation Awards 2017, which was held on Tuesday in Colombo. 

ComBank’s Rs.10.1bn rights issue oversubscribed

Commercial Bank of Ceylon PLC (ComBank) yesterday announced the oversubscription of its Rs.10.1 billion rights issue, which was aimed at beefing up the bank’s capital base and aiding future growth.