ComBank presents first batch of prizes in Gedarata Thégi remittance promo

Twenty five customers of Commercial Bank of Ceylon, who received remittances in the first quarter this year, were rewarded this week at the first prize presentation of the bank’s Gedarata Thégi remittance promotion. 

AIA introduces comprehensive HealthFirst cover

AIA believes that life is meant to be enjoyed to the fullest with family and loved ones. That is why we are constantly looking for ways to actively improve the lives of Sri Lankans while promoting healthy living, so people can live longer, healthier and better lives.  

DFCC Bank launches reusable bags for staff to support environment conservation

In a timely move, DFCC Bank’s Community Projects team has launched a DFCC branded recyclable bag for staff – for the first time in the banking industry. Through encouraging the concept of ‘Take 

Expolanka appoints new Chairman, board member, CAO

Expolanka Holdings PLC recently announced the retirement of Nobuaki Kondo as Chairman of its board of directors and welcomed the new appointee Naosuke Kawasaki. 

MTI Consulting turns 20 today

MTI Consulting, from its humble 1997 beginnings in Bahrain and Sri Lanka, has turned 20 years and in the process been recognized as an internationally networked boutique management consultancy for delivering impactful business solutions.

Dilmah and Expolanka lead private sector support for LKI research

The Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI), Sri Lanka’s leading foreign policy think tank, recently signed a memorandum of understanding (MoU) with MJF Group, the group of companies that manufactures, exports and markets the Dilmah brand. 

Sunshine Holdings launches trading day with ringing of CSE opening bell

Sri Lanka’s most dynamic diversified conglomerate, Sunshine Holdings PLC (SUN), rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) on June 2, 2017.

Asian markets rally with Wall Street after strong US jobs report

Asian markets headed into the weekend with another round of gains yesterday, following a record close for all three major New York indexes as traders welcomed a forecast-busting jobs reading.

Russian Central Bank piloting digital currency schemes: TASS

REUTERS: The Russian Central Bank is piloting a number of digital currency schemes to understand which one is best suited to Russia, Olga Skorobogatova, the bank’s deputy chairwoman said yesterday, the TASS news agency reported.

France’s Baccarat to be acquired by China investment fund

AFP: Centuries-old French crystal maker Baccarat said yesterday it is being taken over by a Chinese investment fund in a deal that would allow it to accelerate its international expansion plans.

India’s mobile internet use increases ninefold

AFP:  Mobile internet usage in India has increased ninefold in a single year, after the launch of a new operator sparked a telecoms price war, according to a new report.

Green building exhibition ‘Construction Expo’ opens for the sixth year in Colombo

Sri Lanka’s largest and most focused constriction related exhibition, ‘Construction Expo 2017’, featuring all aspects related to the construction and building industry was inaugurated at the BMICH yesterday. 

Rupee weaker on importer dollar demand; stocks down

REUTERS: Sri Lankan rupee traded slightly weaker yesterday as importer dollar demand outpaced the greenback selling by exporters, while investors weighed consequences of weather-related damage to the economy, dealers said.

US car sales struggle in May despite record discounts

AFP: Auto makers offered big discounts over the Memorial Day holiday, but the response from US car buyers in May was not enough to reverse months of sales declines.

National Chamber felicitates members conferred with national honours

The National Chamber felicitated members conferred with national honours recently. The winners were felicitated at a ceremony  held at Colombo Hilton Residences on  May 26th, to recognize their members who were bestowed with national  honours by the Government. The event was graced by a large number  of chamber members, family guests  and well wishers.

Foundation stones laid for Green Gold housing project at Upcot’s Strathspey Estate

The Hill Country New Villages, Infrastructure and Community Development Ministry has allocated funds through the Plantation Human Development Trust to construct 25 new houses for the Ormidale Division workers at the Strathspey 

Siyapatha Finance PLC Relocates Kurunegala Branch

Siyapatha Finance PLC, one of Sri Lanka’s leading financial organizations and the largest fully owned subsidiary the Sampath Bank Group, celebrated the relocation of its Metro branch in Kurunegala 

Prima KottuMee 'Hot & Spicy Kricket’ Promotion...Back Again!

Prima KottuMee has re-introduced the ‘KottuMee Hot & Spicy Kricket’ promotion as a means of adding some extra excitement to the ICC World Cup 2017. The campaign, which will take place on 

GISCO 2017 – ‘Sustainability Through Innovation’

Organized by the Insurance Association of Sri Lanka (IASL), the second annual General Insurance Sales Congress (GISCO) was held on the 25th of May 2017 at the Water’s Edge in Battaramulla. 

PromoLanka Group launches construction safety pacesetter Mtandt Lanka [Pvt] Ltd

Indian manufacturing giant Mtandt and Sri Lanka’s PromoLanka Group have partnered to launch Mtandt Lanka [Pvt] Ltd. Mtandt is India’s largest manufacturing and rental company for mobile 

Blue Mountain Apartments on schedule with key projects

Blue Mountain Apartments (BMA) is set to host the ground-breaking ceremony for its latest real estate development project Avalon, this June. Having launched the project in March 2017, the 

SPAR to commence operations in Sri Lanka by Q4 2017

SPAR is the world’s leading voluntary food retail chain. The business started with one Dutch store in 1932 and today, with over 12,100 stores in 42 countries worldwide, the retail partners of SPAR unite 

DFCC Exhibits Winning Spirit At Avurudu Themed Sports Day

The DFCC Sports Day was held on a grand scale on the 30th of April at the Havelock Sports Grounds. Themed ‘Aluth Avuruddai DFCC Api’, a wide range of competitions were organised right 

JKH renews focus on property sector

The country’s largest conglomerate, John Keells Holdings PLC, will be embarking on a sustained commercial and residential property development drive in the future, despite rising concerns of an asset bubble in the real estate industry.

May inflation moderates to 6% amid higher food prices

Sri Lanka’s headline inflation moderated to 6.0 percent during the 12 months to May, from 6.9 percent in April mainly as a result of the base effects, but the month-on-month (MoM) prices saw a 0.9 percent increase due to significant increase in food and beverage prices. 

India’s largest LNG player keen to invest in Sri Lanka

India’s largest liquefied natural gas (LNG) player, Petronet LNG, Ltd will be investing in a piped natural gas supply system for Sri Lankan households if the Sri Lankan government gives the green light, a press communiqué from the Industry and Commerce Ministry said.

Agri business propels Sunshine Holdings FY17 performance

Diversified conglomerate, Sunshine Holdings PLC, boosted its net profit by 60 percent year-on-year (YoY) to reach Rs.125.56 million for the quarter ended March 31, 2017, (4Q17), although the 2017 financial year (FY17) ended with a loss for the group despite a strong performance by its agriculture operations.

HSBC Lankan unit March profits down on tighter margins, slower loan growth

The Sri Lankan unit of the global banking giant, Hongkong and Shanghai Banking Corporation Limited (HSBC), saw its bottom line narrowing for the quarter ended March 31, 2017 (1Q17) amid tighter margins, a contracting loan book and lower other income gains. 

Korea to boost Sri Lankan startups

Sri Lankan startups are presented with an opportunity to receive a further boost this year with the Republic of Korea announcing the ‘2017 K-Startup Grand Challenge’ in Colombo yesterday.

MTI acquires equity stake in Carbon Consulting

MTI Consulting, the internationally-accomplished boutique strategy consultancy, has announced its acquisition of a strategic equity stake in The Carbon Consulting Company - Sri Lanka’s pioneering provider of integrated sustainability solutions.