NDB Wealth ‘It’s Time’ challenge extended

?NDB Wealth has extended its online initiative, the “It’s Time” Challenge, by two weeks, facilitating the selection of two additional exemplary individuals who will benefit from this unique opportunity. 

Alpha celebrates fifty second anniversary with “Alpha Day”

?Alpha Industries, one of the leading furniture manufacturers in Sri Lanka and a subsidiary of Finco group, celebrated its 52nd anniversary at the “Alpha Day” event organized at their Mattegoda factory premises recently.

Public participation must in urban development: Patali

The outcome of urban development projects will not be sustainable and will be a failure in long run if there was no public participation. This has been quite evident in connection to projects carried out by the previous regime...

No immediate impact from a sanction-free Iran: Ex-TEA Chief

The expected relief for the tea industry in the form of a sanction free Iran may be over a year away, an expert said. Even if Kerry (US Secretary of State) says that the sanctions are lifted tomorrow, it will take more than a year for the instructions to trickle down into the process,” 

SLTFOA calls for task force, industry deregulation

The Sri Lanka Tea Factory Owners Association (SLTFOA) called for the appointment of a Presidential Task Force to ascertain the future sustainability and to de-regulate the industry.

Options to subscribe to JKH additional warrants left out

?The options to subscribe to additional warrants in the John Keells Holdings PLC (JKH) 2015 and 2016 warrant issues were left out of the prospectus for good governance practices, the country’s largest conglomerate said.

100 Mbps internet speed for mobile users soon

?Sri Lanka’s mobile internet users will soon start to experience speeds similar to fixed broadband which is now offering 100 Megabits per second (Mbps), according to a senior broadband technology expert. 

Rupee edges up on dollar selling by banks; stocks up

?REUTERS - The Sri Lankan rupee edged up yesterday due to dollar selling by banks and on expectations of inflows after a bond sale in the previous day, dealers said.

Sri Lanka Tea Board gets new Chairman

Minister of Plantation Industries Navin Dissanayake has appointed Rohan Pethiyagoda as the new Chairman of Sri Lanka Tea Board.

Pakistan and Russia sign gas pipeline agreement

?AFP - Pakistan and Russia signed an agreement yesterday to build a gas pipeline stretching hundreds of kilometres from Karachi on the Arabian Sea to the eastern city of Lahore.

Janashakthi shareholders approve rights issue to fund AIA General acquisition

?In a bid to further bolster its position in the market, Janashakthi Insurance PLC., signed a share purchase agreement with AIA Insurance Lanka PLC., to acquire 100 percent of the shares of AIA General Insurance Lanka Limited on 9th October 2015. 

Galle Face Hotel appoints Wendell Rebeira as Director – Operations

The Galle Face Hotel recently announced the appointment of Wendell Rebeira as its Director Operations.  The former Resident Manager of the famous Amari Watergate Hotel in Bangkok and F&B Director...

China set to disappoint with 3Q growth: AFP poll

?AFP - China probably grew at its slowest pace since the depths of the global financial crisis in the third quarter, an AFP survey of economists has found, confirming investor fears following stock market turmoil and a currency devaluation.

Aitken Spence Travels celebrated the Spanish National Day...

Aitken Spence Travels celebrated the Spanish National Day on 12th October with Spanish tourists traveling during the same period. 

Bates and Burson-Marsteller India collaborate to offer enhanced crisis management capability

In response to increased interest and requests from Sri Lanka’s corporate sector for professional expertise in being trained and prepared to handle contentious issues and unforeseen crises, as well as support in handling....

Seylan Bank felicitates sportsmen at Sports Club AGM

?The Seylan Sports Club held its Annual General Meeting (AGM) recently at the Seylan Bank, head office under the patronage of Director/CEO Kapila Ariyaratne.

SLIM Toastmasters Club holds 7th installation ceremony

Sri Lanka Institute of Marketing (SLIM) Toastmasters Club conducted its seventh installation ceremony for the year 2015/2016 with a glamorous event at Hotel Taj Samudra recently.

LB Finance lights up pathway for new generation on Children’s Day

LB Finance PLC in association with the Science Society of the University of Colombo conducted a series of exclusively designed workshops for students from the Matale District who will be sitting for the GCE Ordinary Level Examination this year. 

Children’s Hackathon 2015 faces off empowering students across country

The five finalist teams of the ‘Children’s Hackathon 2014’ selected at the first-of-its-kind event held last year, faced off recently at the Hector Kobbekaduwa Agrarian Research and Training Institute where a final ‘Demo Day’...

Mobitel celebrates World Children’s Day 2015

The national mobile service provider Mobitel hosted a massive, fun and eventful day for kids at Veals Park in Badulla recently in view of the World Children’s Day. 

Prima Stella’s cricket camp a success

?Recently hundred lucky children were given the once-in-a-lifetime opportunity to meet and train with one of the greatest legends in the cricketing world, Kumar Sangakkara.

Prima supports All Island School Games 2015

?Extending its commitment to uplifting active school sports, Prima sponsored the All Island School Games held at Mahinda Rajapakse International Stadium, Diyagama recently.

National PVC completes another national project on Children’s Day

Central Industries PLC (CIPLC), manufacturers of National PVC pipes, fittings and Krypton electrical switches, sockets and accessories, sole distributor for Hitachi Power tools and accessories in Sri Lanka, installed and enhanced the water supply system in T. B. Weerasekara...

Emerald International recognizes Central Province dealers

With the main purpose of recognizing the dealers of the Central Province, Emerald International, Sri Lanka’s premier high-quality shirt manufacturer, who reigns supreme as the No.1 shirt brand in the country...

Etisalat hosts Dinner Cruise to celebrate premier customers

?In appreciation for their valued patronage and trust placed in Etisalat Lanka as the preferred mobile telecommunications partner, the brand hosted its premier corporate and post-pay clients to an exclusive Dinner Cruise at 8 Degrees on the Lake at Cinnamon Lakeside, Colombo.

SriLankan new CEO assumes duties

Captain Suren Ratwatte assumed duties as the Chief Executive Officer of the national carrier, SriLankan Airlines from yesterday. 

CCC lays out 10 point plan to guide private sector, economy

?The Ceylon Chamber of Commerce (CCC), the country’s premier business chamber with a 176-year history, has come out with a set of 10 principles to guide its approach in influencing the trajectory of the private sector and the country’s economy. 

Treasury to release further funds to settle Golden Key depositor dues

?The cabinet gave the green light on Wednesday to repay security deposit holders of Golden Key Credit Card Company Limited (GKCCCL) who have deposited less than Rs.2 million, Cabinet Spokesman Health and Nutrition Minister Dr. Rajitha Senaratne said yesterday.

Colombo City Holdings to divest Union Place property

?Colombo City Holdings PLC, a property management company, announced that it would be selling its investment property at Union Place, subject to shareholder approval and identifying a prospective buyer.

Resus Energy board appoints Isuru in place of Kusal

?Resus Energy PLC, formerly known as Hemas Power PLC, announced yesterday that its board of directors has accepted the appointment of Isuru Somaratne as one of its non-executive directors.