The Lamudi Third Real Estate Expo indicates a striking success

The Third Lamudi Real Estate Expo that took place onthe North Lawn of Taj Samudra on the 17th and 18th of June 2017 turned out to be a roaring success. Welcoming property seekers and investors from 

KDK @ Construction Expo 2017

Elite Radio & Engineering Co., (Pvt) Ltd. sole agent for KDK brand fans participated at Construction Expo 2017 as Gold Sponsor, seen here is is CEO SurenKundanmal explaining the concept of IAQ - Indoor Air 

Listed company earnings dip amid challenging business environment

Sri Lanka’s listed entities have put up a poor show for the first quarter of 2017 (1Q17) as their cumulative recurring profits saw a significant decline from the corresponding quarter of the previous year reflecting the tougher economic conditions and weaker business and consumer sentiment engulfing the country’s business landscape.   

SL’s state-owned banks’ market share on decline: Fitch

Sri Lanka’s state-owned lenders such as Bank of Ceylon, People’s Bank and National Savings Bank, have slightly lost their market share to privately held banks during the last three years, Fitch Ratings said.

Shippers call for total liberalization of maritime sector

Sri Lanka Shippers’ Council (SLSC) immediate past Chairman Sean Van Dort called for the total liberalization of the maritime sector, when he said age old walls have to be brought down for the island nation to fully benefit from the seas surrounding it. 

Sunshine mulls closing struggling packaging subsidiary

Diversified conglomerate Sunshine Holdings PLC is currently evaluating the possibility of shutting down operations of its fully-owned packaging subsidiary, Sunshine Packaging Lanka Limited, by end-August, a filing to the Colombo Stock Exchange said.

SriLankan Airlines says Airbus agreed to change A350 order

REUTERS: Airbus is willing to change the terms of an order for four A350-900s from SriLankan Airlines to different planes, the struggling state-run carrier said last week. 

Edulink launches international journal on entrepreneurship

Edulink International Campus, once again plays the role of being a leader in the education industry in nurturing entrepreneurship amongst the youth in the country by launching an international journal on entrepreneurship titled as ‘International Journal of Management and Entrepreneurship’.

Envoy Mansion opens doors to NEGC privilege membership programme

The iconic men’s wear brand Envoy Mansion in association with Channel17 warmly welcomed the membership of Nuwara Eliya Golf Club (NEGC) to enjoy premier fashion and luxury lifestyle at their plush showroom at Bagatalle Road in Colpetty. 

Gamma and Interpharm open quality control laboratory

The new quality control and quality assurance laboratory of Gamma Pharmaceuticals (Pvt) Ltd., and Interpharm (Pvt) Ltd., was declared open by Kalana Hewamallika, the Chairman and the Managing Director of the two companies recently at the factory premises of the companies’ at Madapatha Road, Piliyandala.

Laugfs shares light of Vesak, Poson celebrations with employees, communities

Laugfs initiated a series of programmes themed ‘Laugfs Sadaham Prarthana’ to mark the Vesak and Poson poya days. 

Waters Edge breaks ground for extensive expansion project

The Waters Edge Hotel, Battaramulla broke ground for its extensive expansion project of the 4-floor banquet facility this week, with the objectuve of providing a unique ballroom experience along with the country’s largest banquet facility to visitors by the end of next year.

Rupee edges down on importer dollar demand; stocks up

REUTERS: The Sri Lankan rupee traded slightly weaker yesterday as dollar demand from importers weighed on the local currency, dealers said.

IMF takes ‘unusual’ steps for Greece

AFP: By promising Thursday to approve a new aid plan for Greece, but without releasing any money, the IMF has again departed from its usual procedures to support Athens, exposing itself to accusations of giving the country special treatment. 

BoJ chief says no plan for monetary easing exit

AFP:  The Bank of Japan’s governor yesterday ruled out pulling the plug on its massive monetary easing plan anytime soon, even as his counterparts overseas move in the opposite direction.

Tesco lifts food sales despite rising UK inflation

AFP:  Britain’s largest retailer, supermarket group Tesco, reported yesterday rising sales during its first quarter as it looks to turn a corner after an accounting scandal.

Britain’s Hammond says ‘growth and jobs’ Brexit priority

AFP:  British Finance Minister Philip Hammond yesterday said London Britain must prioritise prosperity in Brexit talks with the EU that begin next week in Brussels.

Asian markets mostly up, dollar and pound extend gains

AFP: Asian markets mostly rose yesterday following a sell-off the previous day, while the dollar and pound extended gains on growing expectations of a hike in US and British interest rates.

Blue Mountain spreads light for Poson celebrations in Town Hall

Blue Mountain erected lanterns to brighten up the streets of Colombo for Poson, earlier this week.  This initiative was carried out in collaboration with the Colombo Municipal Council to celebrate Poson Poya. Over 600 six-foot lanterns were placed in the forms of lotus flowers and stupas every six 

Poson Bakthi Ghee at Cinnamon Lakeside

Premier five-star urban resort Cinnamon Lakeside commemorated Poson Poya with Bakthi Gee sung by the hotel’s associates. 

HNB to power Peterite Walk 2017

Continuing its long-standing relationship with St. Peter’s College, Colombo 4, Sri Lanka’s premier private sector bank, HNB PLC announced that it would be joining in the school’s 95th year celebrations, by serving as the Official Banking Partner to Peterite Walk 2017.

Hello Kidz 10th outlet opens in Piliyandala

Hello Kidz has cemented its reputation as a reliable supplier of quality ‘mother and baby care products’ and successfully opened its 10th retail outlet in Piliyandala.

DBL patronizes cheerer of SL Cricket

Just like in every cricket tour, the cheerer of Sri Lanka Cricket and Brand Ambassador for Deen Brothers Imports (Pvt.) Ltd (DBL), Gayan Senanayake, has flown to the realm of England to cheer for our team at the ICC tournament under the honoured sponsorship bestowed on him for the air tickets and related facilities by DBL.

Pan Asia Bank commemorates Poson Poya 2017

In commemoration of Poson Poya, Pan Asia Bank staff conducted a ‘Poson Bakthi Ghee Saraniya’, which was held recently, at the bank’s head office.

Coca-Cola reinvigorates Poson pilgrims

Coca-Cola Beverages Sri Lanka Ltd continued its proud tradition of refreshing pilgrims on their annual Poson Poya pilgrimage to the ancient capital of Anuradhapura.

Sunquick rewards 100 more ‘Drink and Win’ promo winners

The highly anticipated Sunquick ‘Drink and Win’ promotion concluded yet another successful campaign with 100 lucky customers walking away with brand-new Sisil double-door refrigerators. 

CMA speechcrafters programme, a rousing success

The CMA Sri Lanka Toastmasters Club conducted its fourth speech craft programme sponsored by the Institute of Certified Management Accountants of Sri Lanka (CMA). 

Sri Lanka’s Blue Mountain Achilleion voted among top 3 apartments in Asia Pacific

Sri Lanka took pride of place at the Asia Pacific Property Awards 2016-2017, held recently in Bangkok, Thailand, as its leading real estate major, The Blue Mountain Group’s most iconic real 

Commercial Bank Revolutionizes its Customer Relationship with Duo Software’s Communication and Colla

Duo Software (Pvt.) Ltd., a provider of Communication and Collaboration Solutions via its FaceTone application,recently signed up with Commercial Bank of Ceylon PLC, the largest private Bank 

Drought hampers Sri Lanka’s 1Q economic growth

Sri Lanka’s economy is estimated to have grown at 3.8 percent in the first quarter (1Q) of this year on an year-on-year (basis), decelerating from the 5.3 percent growth recorded for the previous quarter, as a result of the severe drought that prevailed in the country during the first three months of the year.