Ransalu exhibition

The national handloom exhibition ‘Ransalu’ was launched at the BMICH in Colombo yesterday with a view of promoting handloom produce during the festive season. This exhibition sponsored by the Industry and Commerce Ministry, will conclude on the 9th.

SriLankan bags top Tamil Nadu Tourism Award

SriLankan Airlines added yet another international accolade to its impressive collection when it received the ‘Best International Airline - Asia’ award at the second annual Tamil Nadu Tourism Awards, the largest tourism awards event in the state of Tamil Nadu.

MPs volunteer to monitor Finance Ministry institutions

A group of parliamentarians have been appointed at district level to monitor institutions coming under the purview of the Finance Ministry.

Germany sees industrial production, trade surplus grow

AFP: Germany saw a surprise boost in industrial production and a widening of its trade surplus in February amid rising tensions with the Trump White House over its export strength.

JICA extends helping hand to upkeep Lankan bridges

A brand new bridge maintenance vehicle from Japan was gifted by Japan International Cooperation Agency (JICA) to the Road Development Authority (RDA) of Sri Lanka yesterday. 

Greece agrees reforms to break bailout impasse

AFP: Greece agreed on a fresh set of reforms with its eurozone creditors yesterday with hopes that Athens could unlock bailout cash in time to avert a debt default just months away.

Rupee weaker on importer dollar demand; stocks gain

REUTERS: The Sri Lankan rupee traded slightly weaker in dull trade yesterday as importer dollar demand and dividend payments outpaced inward remittances and dollar sales by exporters ahead of the festival session, dealers said.

Samsung hits record sales of Rs. 2.5bn in March

Samsung Sri Lanka succeeded in achieving a record sale of Rs 2.5 billion in March 2017 with the contribution of its partners - Singer, Singhagiri, JKOA, Softlogic Mobile and Softlogic Retail.

YCAF holds Fun Drive 2017

A large group of vehicle enthusiasts, who are also young chartered accountants, came together recently to show off their driving skills at Fun Drive 2017 organised by the Young Chartered Accountants Forum (YCAF) of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). 

FITIS offers FAMOUS at SLIIT convocation for 7th time

The Federation Award for the Most Outstanding University Student (FAMOUS) has been offered by the Federation of Information Technology Industry Sri Lanka (FITIS) at the Sri Lanka Institute of Information Technology (SLIIT) convocation held recently at the SLIIT auditorium.  

Mallika Hemachandra – A Legacy coffee table book launched

Mallika Hemachandra – A Legacy, a coffee table book, was launched at a gala ceremony at the Oak Room, Cinnamon Grand in the presence of a large gathering of close friends, associates and clients to celebrate the artistic and entrepreneurial legacy of Mallika Hemachandra, the founder and the artistic inspiration behind the successful and enduring journey of Mallika Hemachandra Jewellers.  The coffee table book sketches not only the pers

Casons Rent-A-Car opens travel counter at BIA

Casons Rent-A-Car opened a travel counter at Bandaranaike International Airport (BIA) arrival terminal from January 1, 2017. Casons has an outstanding reputation since 1987 in the car rental and tourism industry and operates over 500 new vehicles with a chauffeur for tours to cater to the tourists visiting Sri Lanka.

mCash rewards key stakeholder groups at Infinity Awards 2016

The national mobile service provider, Mobitel’s mobile money platform, mCash, held its eagerly anticipated mCash Infinity Awards 2016 for the second consecutive year in recognition of the outstanding contribution by key stakeholder groups such as mCash retailers, distributors and sales staff. 

Kelani Cables hosts Kelani Challenge Trophy 2017 for second consecutive year

Kelani Cables PLC led the Kelani Challenge Trophy 2017 annual cricket tourney at the Bloomfield Cricket Club grounds in Colombo.

CMA hosts visiting MBA students from Pune

IndSearch Study Abroad Programme (ISAP) 2017 was jointly organised by the Indian Institute of Cost and Management Studies & Research (IndSearch), Pune, India and CMA Sri Lanka from March 28, 2017 to  April 2, 2017. 

Hayleys introduces innovative range of mattresses

In today’s busy world, making sure that you get the right quantity and quality of rest each night has been proven to be vital to long-term health, happiness and well-being. More often than not, it tends to be the mattress which people sleep on that can make the difference between a peaceful night’s rest and a fitful night of tossing and turning. 

Fresh wave of interest in Lankan stocks, but not from within

The current bear run at the Colombo Stock Exchange (CSE), although remaining a sore for the locals, appears to have stirred the interest of a group of investors the country’s capital market has been in need for many years so badly – the foreigners.  

Tourism authorities hopeful of reversing negative arrival trend with BIA re-opening

Sri Lanka tourism authorities are hopeful that the re-opening of the Bandaranaike International Airport (BIA) yesterday, after the relaying of its runway, would help reverse the negative trend in arrivals witnessed in the last two months.

Rupee ends weaker on late importer dollar demand

REUTERS: The Sri Lankan rupee ended slightly weaker in dull trade yesterday as it surrendered early gains due to importer dollar demand in the latter part of trade, outpacing inward remittances and exporter greenback sales ahead of the festival session, dealers said.

Arjuna says will continue to play hardball with Chinese over H’tota port lease

Sri Lanka’s ‘Captain Cool’, who has recently been playing hardball with China to get favourable terms for Sri Lanka over the Hambantota port lease deal says he will continue to work towards making the deal advantageous to Sri Lanka before an agreement is inked.  

Finance company margins to dip, leases to moderate, but asset quality to remain high: research repor

The interest margins of finance companies in the country are expected to shrink during this year amid rising interest rates, as bulk of the loan portfolios comprises of fixed rate leasing, mostly given on vehicles, according to a finance sector report by a leading investment banking group.

Shares hit near four-month closing high as blue chips rally

REUTERS: Sri Lankan shares rose for an eighth straight session yesterday to their highest close in nearly four months led by blue chips such as Ceylon Tobacco Company Plc and John Keells Holdings Plc as continued foreign buying boosted sentiment.

Browns in JV with Hong Kong-based firm to build US$ 70mn shopping mall

The Browns Group yesterday entered into a joint venture (JV) agreement with a Hong Kong-based investment company to construct a US$ 70 million shopping mall and leisure centre at the current Excel World entertainment park premises.

PATA all set to kick off annual summit in Sri Lanka

The much anticipated annual general meeting of the Pacific Travel Asia Association (PATA) will be held at the Jetwing Blue Hotel, Negombo in collaboration with the Sri Lanka Convention Bureau and Sri Lanka Tourism Promotion Bureau from 18th – 21st May. 

IFC, Australian govt. partner to support better jobs for Sri Lankan women

IFC, a member of the World Bank Group, announced the Women in Work programme in partnership with the Government of Australia, aimed at providing Sri Lankan businesses with strategies and tools to create more and better private-sector employment and business opportunities for women.  

UAE keen to enhance commercial ties with Sri Lanka

The United Arab Emirates wishes to enhance bilateral trade and investments with Sri Lanka, its envoy in Sri Lanka, Abdulhamid Abdulfattah K Al Mulla said during a meeting with the Ceylon Chamber of Commerce recently.

SDB opens Vyawasaya 2017 exhibition on day 3

SDB bank participated at the third day of ‘Vyawasaya 2017’ exhibition and trade fair 2017) that was held on March 31st, 01st and 02nd of April at BMICH in Colombo. 

Ravi meets Nepali counterpart

 Finance Minister Ravi Karunanayake met his counterpart of Nepal, Krishna Bahadur Mahara during the South Asian Sub Regional Economic Summit held in New Delhi recently. The two ministers discussed several issues important to both countries at regional level.

Hameedia launches India’s PRO shoe care range

Strengthening its product portfolio, Hameedia, the local menswear specialist, recently introduced a new range of shoe care products to the local market with the launch of India’s PRO shoe care. The PRO shoe care range of products offers eight focused categories for shoe and leather care called: clean, care, colour, shine, renew, fresh, protect and accessories.

IAA gets power-packed board this year

A galaxy of experience and star performers form this year’s dynamic new IAA board. Unanimously elected as president for the 3rd time running was Dentsu  Grant Vice President, Laila Gunesekere-