Sampath Bank 4Q net up 15% to Rs.1.53 billion over higher loan growth & other incomes

Sri Lanka’s third largest private sector commercial bank, Sampath Bank PLC group with an asset base of over Rs.500 billion saw 

Crowdfunding platform launched to back local start ups

By Chandeepa Wettasinghe CrowdIsland, a crowdfunding platform to support local start ups, was launched yesterday by a consortium of local investors, coincidentally planting seeds to remove the shareholder limit in private limited companies.

The PIM Alumni rewards MDP participants

The PIM Alumni, the Professionals   Association of the Postgraduate Institute of Management , affiliated to the University of Sri Jayewardenepura has been  conducting a pioneering management development program   for over a decade on continuous  basis . 

Sri Lanka’s largest solar power plant by Laugfs takes off ground

Laugfs Power (Pvt) Ltd held the ground breaking ceremony and foundation stone laying for the largest solar power plant in the country, to be set up with an investment of around Rs.5 billion. The 20MW facility at Hambantota will be constructed by international experts deploying European technology.

Nippon Paint unveils ‘Trend Beyond Colors’ 2016/17

Understanding the consistently changing life style patterns and taste, Nippon Paint recently  launched  its second ‘Trend Beyond Colors’ by unveiling nine key colour palettes at the Cinnamon Grand Hotel recently.

Gestetner introduces latest cost-effective document solutions

Premier total document solutions provider, Gestetner of Ceylon PLC, will officially launch the addition of two new products to its portfolio today (19 February).  The launch will be attended by several Ricoh Group principles including Avijit Mukherjee, Senior Manager Strategic Marketing for Ricoh Asia and by Gestetner of Ceylon, Chairman S.J.M. Anzsar who are in the country for the occasion. 

Shares fall to near 22-month low on rising rates

REUTERS: Sri Lankan shares fell for an eight straight session yesterday, marking their lowest close in about 22 months as rising domestic interest rates and global economic worries dampened investor sentiment.

Higher consumption, shedding of non-core operations boost Cargills 3Q

Cargills (Ceylon) PLC posted a net profit of Rs.485.90 million for the quarter ended December 31, 2015 (3Q16)

Dialog 4Q dented by hefty forex translation losses

The country’s largest mobile telecommunications operator – Dialog Axiata PLC (Dialog) group – saw its net profit for the quarter ended December 31, 2015 (4Q15)...

Ranil gives ultimatum to inefficient bureaucrats

Prime Minister Ranil Wickremesinghe has given the bloated public sector a two-week deadline to return to productivity, warning of great consequences.

World Vision-Finnish govt. promote local producers for sustainable tourism in East

The Office of the Finland Roving Ambassador to Sri Lanka signed an agreement recently to continue funding World Vision Lanka’s Local Ecosystem Development for Sustainable Tourism Project in the Batticaloa District.

Kandy to receive new waste water management system under JICA concessionary loan

Waste water treatment plant construction will be commenced in Kandy ceremonially tomorrow with the participation of City Planning and Water Supply Minister Rauff Hakeem, Japan International Cooperation Agency 

Foreign investor participants show interest in key sectors of Lankan economy

Foreign investors taking part in the upcoming ‘Sri Lanka Investment & Business Conclave 2016’ has shown a keen interest to explore diverse areas of business in the country, with the biggest interest going to the areas of infrastructure development, export manufacturing and agriculture.

It is time for South Asia to give to other regions: Prof. Mahadevan

As Asia continues to play an active role in leading global economic growth, world-renowned speaker Prof. B. Mahadevan said it is time for the region to invest in showcasing...

Saudi and Russia agree to freeze oil output

REUTERS: Top oil exporters Russia and Saudi Arabia agreed yesterday to freeze output levels but said the deal was contingent on other producers joining...

New Managing Director at SLTPB

Sri Lanka Tourism Promotion Bureau (SLTPB) yesterday announced the appointment of Ruvini Dias Bandaranayake as its new Managing Director. 

Softlogic 3Q net up 90% over retail, healthcare & financial services performance

The diversified retailer, Softlogic Holdings PLC group (SHL) increased its net profit by as much as 90.4 percent to Rs.341.1 million for the quarter ended December 31, 2015 (3Q16)...

SLPA calls for EOIs for East Container Terminal

Sri Lanka Ports Authority (SLPA) has decided to call expression of interests (EOIs) for the development of the East Container Terminal (ETC)...

CIM Sri Lanka partners with Sampath Bank

The Chartered Institute of Marketing Sri Lanka (CIM SL) entered into a strategic partnership with Sampath Bank PLC, one of the leading banks in Sri Lanka, in order to further strengthen the knowledge and expertise of marketing.

IWW Steel stall receives overwhelming visitor response at Jaffna fair

IWW Steel, a leading steel bars manufacturing company in Sri Lanka participated in the seventh Jaffna International Trade Fair. The company’s stall at the trade fair was much admired by the visitors.   

Alpha Fire Services launches new water mist technology to combat kitchen fires

Alpha Fire Services (Pvt) Ltd Sri Lanka will showcase the Proano Kitchen Water Mist Fire Suppression Systems, which are rapid and effective on kitchen (F/K class) of fires, at the forthcoming ‘Architect Exhibition’ to be held at BMICH from 18th to 21st February.  

Impressions Labels Lanka receives ‘WasteConscious’ certification

Impressions Labels Lanka (Pvt) Ltd, one of Sri Lanka’s leading label manufacturers and the first in the industry to receive ‘CarbonConscious’ certification for their flagship factory in  Homagama, reinstated their commitment to sustainability as the same factory was recently awarded ‘WasteConscious’ certification for its operations.   

SLIM inaugurates Postgraduate Diploma in Marketing June 2016 intake

The Postgraduate Diploma in Marketing (PGDipM) is recognized as a renowned professional qualification for marketing in Sri Lanka. The programme was ceremonially inaugurated by Sri Lanka Institute of Marketing (SLIM) recently at the SLIM Business School in Colombo.   

CIM educates corporates on how marketing adds value to organisations

The Chartered Institute of Marketing Sri Lanka (CIM SL) conducted a programme to create awareness among the managerial and executive staff of People’s Bank, about the marketing qualification and how it adds value to the business. 

Newest ‘Speed Water Shop’ opens at Wattala

The latest ‘Speed Water Shop’ was opened by Speed Water Systems (Pvt) Ltd., at Wattala recently.  It is conveniently situated in Hekiththa Road, Wattala. In keeping with its inspiring slogan “To make purified water more affordable and available to all’’, the launch of the newest outlet is part of the overall objective to expand the network of Speed Water Shops by reaching out to densely populated areas outside t

East West Marketing revolutionizes taste with Dimbula Tea

East West Marketing, Sri Lanka’s leading FMCG distribution company, a member of Nawaloka Holdings has once again added another stellar brand to their ever growing portfolio with the recent launch of Dimbula Tea.   

A T Cooray celebrates 90 years of heritage and trust

Renowned furniture manufacturer A T Cooray (Pvt) Ltd began their journey of designing and manufacturing high quality pieces of furniture almost 90 years ago when its founder   

Loops Solutions becomes most awarded digital marketing agency in Sri Lanka

As technology takes the world by storm, digital marketing continues to grow alongside. Loops Solutions (Pvt.) Ltd is the pioneer of social media marketing in Sri Lanka which works with multinational and local giants. 

CTC’s top trade marketers feted at Pinnacle Awards 2016

Ceylon Tobacco Company PLC (CTC) recently concluded its annual awards ceremony - Pinnacle Awards 2016 - recognizing the company’s most outstanding Trade Marketing Executives (TMEs) and distributors.

Fitch rates HNB’s subordinated debt up to Rs.7bn final ‘A+(lka)’

Fitch Ratings yesterday assigned Hatton National Bank PLC’s (HNB, AA-(lka)/Stable) proposed subordinated debentures of up to Rs.7 billion a final national long-term rating of ‘A+(lka)’. The assignment of the final rating follows the receipt of documents conforming to information already received and the final rating is the same as the expected rating assigned for the subordinated debt on September 4, 2015. The issue will have a