SLFFA to hold Cricket Sixes 2015

Following the popularity and success of its initial Six-A-Side Cricket Carnival held in 2009/2010, and the follow up in 2011 and 2013, the Sri Lanka Logistics and Freight Forwarders’ Association 

COYLE Entrepreneurial Forum sparks tangible truths and determined successes

The COYLE Sampath Bank Entrepreneurial Forum 2015 kicked off with four panellists speaking about their personal journeys and the challenges they faced along the way to success and how they overcame each challenge.

Swadeshi Khomba illuminates Ridee Viharaya for 3rd time

The Swadeshi Industrial Works PLC - the pioneer herbal - personal care products manufacturer once again illuminated the Rideegama, Ridee Viharaya temple situated in the Kurunegala District. The ‘Aloka Pooja’ was carried out under the theme, 

Nawaloka Hospital nurses take Florence Nightingale pledge

Seventy nurses of the Nawaloka School of Nursing took the Nightingale pledge at the Nawaloka Hospital recently. This marks the completion of their initial training at the school and their commitment to the profession.

Stax and Sarvodaya Fusion foster social business entrepreneurship among youth

Stax Inc. and Sarvodaya Fusion recently commenced a pilot corporate social responsibility (CSR) project titled ‘OWNit!’ to provide entrepreneurship guidance and IT skills to youth from selected schools in the Kotte area. 

Rupee steady amid importer dollar demand

REUTERS - The Sri Lankan rupee traded steady yesterday despite dollar demand from importers as banks did not trade the greenback above 141.05, which is seen as the central bank’s desired level, dealers said.

Experts call for change in financial sector rules and regulations

Sri Lanka must change rules and regulations pertaining to the financial sector, veteran industry players said. “Banking regulations say that you can’t own more than 15 percent of a bank. In Malaysia and other places, it’s quite open. In Malaysia if you want to own 51 

Budget - 2016 dates amended for parliamentary program

The parliamentary programme for the Budget 2016 which was approved at the previous meeting of the Cabinet of Ministers has now been amended on a  proposal made by Finance Minister Ravi Karunanayake.

Tea industry continues to move towards negative growth trajectory in September

The tea industry continues to move towards a negative growth trajectory with production and revenue for  September showing a YoY decline of 7.5 percent and 15.5 percent. However, improved purchases from key markets in the Asian region indicate the situation could improve if the demand sustains.

Finance Minister tells private sector to expect revolutionary budget

Minister of Finance Ravi Karunanayake sending a clear and tangible message to the private sector in the country yesterday said that the sectors of the economy will be opened, enabling the private sector as well to play an equal role with the government. 

Govt. must prioritise what fiscal policy can and ought to do: IPS

Fiscal policy has been acknowledged to be the key towards much needed economic reforms, but the new government must prioritise what the policy can, and ought to do when putting together the upcoming budget, asserted influential think tank, the Institute of Policy Studies (IPS) this week.

RDB launches strategic planning process with MTI

MTI Consulting initiated the five-year strategic planning process for the Regional Development Bank (RDB), the largest development bank in Sri Lanka, with an interactive kick-off workshop session recently. 

NCC and SME Factors Lanka to conduct seminar on factoring

The National Chamber of Commerce (NCC) in association with SME Factors Lanka Ltd is conducting a forum on ‘Factoring For SMEs’ on  Thursday, 

China’s Yunnan Province wants more commercial ties with Sri Lanka

A delegation from China’s Yunnan Province visited Sri Lanka last week in a bid to boost commercial ties between the Chinese province and Sri Lanka.

Job Fair in Polonnaruwa on November 4

National Human Resources Development Council of Sri Lanka in collaboration with the National Chamber of Commerce (NCC) of Sri Lanka and the Vocational Training Institutions is conducting a Job/Career Fair on Wednesday,...

Sampath Bank expands operational excellence to Myanmar

On October 7, 2015, Sampath Bank PLC opened its first representative office away from the Sri Lankan shores in Myanmar. With the obtaining of license from the Central Bank of Myanmar to operate a representative office, the bank commenced operations in Yangon, the largest city in Myanmar.

IPM member Devendra launches informative book on HR

Experienced human resources management professional, human resource consultant, resource person, trainer and member of IPM Sri Lanka 

Unilever introduces relaunched Lux Soft Touch, Lux Silk Sensation soaps

Lux has once again revolutionized the way women experience fragrances by infusing it with the fine fragrances in its exciting new range of soap. 

Esoft brings London degrees to Sri Lanka through strategic partnerships

Students wishing to pursue their undergraduate studies can now obtain a three-year British degree through Esoft, the university’s Sri Lankan affiliate

Leadership Archetyping programme to kick off on Nov. 2

Michel Nugawela, in association with CIMA Sri Lanka and the Association of Human Resource Professionals (HRP), will conduct the first Leadership Archetyping programme designed for C-Suite executives on Monday, November 2, 2015. 

Biofilm Biofertilizer receives int’l Organic Certification

Through obtaining the Control Union EU Organic Certification, Lanka Bio Fertilizers (Pvt.) Limited (LBF), the commercial partner of the Biofilm Biofertilizer project, ...

Arpico Educational Institute conducts int’l training for local teachers

The Arpico Educational Institute, which is part of Richard Pieris & Company PLC, is the group’s learning and development division committed to uplifting the standards of education in Sri Lanka.

Barista Lavazza opens latest outlet in Bentota

Colombo’s favourite coffee house chain Barista Lavazza, extending its reach to other key areas in Sri Lanka, recently opened its latest outlet in Bentota. 

CDB, Lanka IOC power CA Sri Lanka’s 36th National Conference of Chartered Accountants

Citizens Development Business Finance PLC (CDB) and Lanka IOC PLC will power the 36th National Conference of Chartered Accountants with Gold sponsorships.

Plantation sector yet to reach consensus on revenue share model

The already dampened status of the local tea and rubber industry will go from bad to worse, or even collapse if the plantation sector trade unions fail to come to an understanding with regard to the prevailing wage issue, warned the Planters’ Association (PA) yesterday.

Union Bank 3Q net up 51% over higher loans and lower impairments

Union Bank of Colombo PLC (UBC) group increased its net profit by 51 percent year-on-year (YoY) to Rs.76.7 million for the quarter ended September 30, 2015 on the back of a 15 percent growth in its loans and advances and lower provisions for possible bad loans, the interim results showed.

Vallibel to construct US $ 60mn integrated resort in Negombo

Business tycoon Dhammika Perera’s Vallibel One PLC has signed an agreement with the Board of Investment (BoI) to carry out the construction of its US $ 60 million integrated resort in Negombo.

Govt. to industrialize Hambantota Port

The Hambantota Port will be the locus of a new industrialization effort, Finance Minister Ravi Karunanayake said. “We will put our maximum effort into industrialize the port. We’re trying 

Platinum1 launches first five-star managed apartment investment

The launch of Platinum1 Investment Proposal 2015, brings with it unparalleled homeowner benefits and a financial security and investment appreciation guarantee, as a first of its kind innovation made available to discerning potential owners of the properties high-end units. 

LIC (Lanka) top achievers on tour to Malaysia

As a part of its policy in building a high performing dedicated agency force to increase its business in  Sri Lanka, LIC (Lanka) is  conducting various training and motivational programs with inside and outside motivators.