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.  

Bosch inaugurates first Sri Lankan office

German technology and services supply giant Bosch inaugurated its first Sri Lankan office at the Orion City yesterday. “The inauguration of our new office marks an important milestone for our business expansion in the South Asian region. We look to further increase our 

LFVPPEA holds round table discussion on improving trade with India

The  Lanka Fruit and Vegetables Producers, Processors and Exporters Association (LFVPPEA), affiliated to the Ceylon Chamber of Commerce held a round table discussion with key stakeholders on ‘Improving Trade with India: Mutual Recognition in Conformity Assessment’.

Rupee little changed; downward pressure persists

REUTERS: The Sri Lankan rupee traded little changed yesterday as dollar inflows into a foreign bank through bond buying by foreigners offset importer dollar demand, dealers said.

What comes after the Atlanta deal on Trans-Pacific Partnership?

The 12-member Trans-Pacific Partnership (TPP) agreement was all but concluded last week after five years of negotiations. The deal now faces the challenge of ratification in each of the 12 countries, with all their domestic political obstacles

Major changes in upcoming budget

 The upcoming budget in November will include major revisions to the entire existing economic system, the country’s Finance Minister said this week.

Tourism Minister claims majority of appointments finalized

?Most appointments for the Tourist Board posts have been finalized, Tourism and Christian Affairs Minister John Amaratunga said yesterday.

CB keeps October policy rates steady

?The monetary board of the Central Bank yesterday left the key policy rates steady for the six consecutive month in October amid rising core inflation and strong pick up in private credit as the lag effect in Sri Lanka’s monetary policy transition is seen gradually disappearing.  

Shares recover from more than 3-mth closing low after rate decision

?REUTERS: Sri Lankan shares rose on yesterday, recovering from a more than three-month closing low in the previous session as investors snapped up stocks after the Central Bank held its key policy rates at record lows for the sixth straight month.

IFA (Sri Lanka branch) to hold seminar on taxation next month

The International Fiscal Association (Sri Lanka Branch) will hold a seminar on Taxation at the Hotel Ramada on November 4, from 8.45 a.m to 1.15 p.m. Participants...

Pathfinder Foundation to launch China – Sri Lanka Cooperation Studies Centre

The Pathfinder Foundation (PF) is to unveil the ‘China – Sri Lanka Cooperation Studies Centre’ tomorrow (October 22nd) at 3:30 p.m. by Chinese Ambassador Yi Xianliang and the PF Founder...

Premier to decide on future tourism policy direction

Prime Minister Ranil Wickremesinghe will be deciding on the future policy direction of the Sri Lanka’s tourism sector today.

Massive reform, investments required to revive TRI: stakeholders

?The Tea Research Institute of Sri Lanka (TRI), which was once the world’s premier research and development centre in tea, requires massive restructuring and investments to become useful once more, stakeholders said.

Union Assurance General appoints Sanjeev Jha as CEO

Union Assurance General Limited (UAG) has appointed Dr. Sanjeev Jha as its Chief Executive Officer. With over 25 years of experience in financial services, Dr. Jha brings with him a wealth of knowledge and experience to UAG...

Shares end at over 3-month low

?REUTERS: Sri Lankan shares closed at their lowest level in more than three months yesterday, falling for a fifth straight session as investors awaited cues from government policies and budget, brokers said.

Vidullanka acquires Lower Kotmale Oya Hydro Power controlling stake

?Vidullanka PLC has acquired the controlling stake of Lower Kotmale Oya Hydro Power (Pvt.) Limited, a filing to the stock market said. Vidullanka already owned 49.88 percent of Lower Kotmale Oya Hydro Power as a joint venture partner.