ComBank to commence fully-fledged banking operations in the Maldives

The Commercial Bank of Ceylon PLC has announced plans to extend its services to the Republic of Maldives following the receipt of regulatory approval for the establishment of a fully-fledged Tier I Bank in the idyllic archipelago.

Fed rate decision lifts Asia markets, emerging currencies

AFP - The US Central Bank’s decision to hold off hiking interest rates sent emerging market currencies and most Asian markets advancing yesterday, as concerns eased over an outflow of cash as the global economy suffers a painful slowdown.

Intel Sri Lanka to showcase NUC at Colombo Book Fair

Intel Sri Lanka will feature one of Intel’s groundbreaking products, the Intel Next Unit of Computing (NUC), at the upcoming Colombo International Book Fair, which will be held until September 27, 2015. 

Watch Rugby World Cup on Dialog Television

Watch 2015 Rugby World Cup favourites, the New Zealand All Blacks, scrum down to defend the ultimate prize in rugby union, the William Webb Ellis Cup from today onwards, LIVE on Dialog Television. 

Hutch partners YES Superstar Season 3

Hutch, one of the leading providers of broadband 3G services in the country partnered with MTV Sports in collaboration with YES 1O1 to sponsor YES Superstar Season 3.

Commercial Credit powers ‘Future Minds 2015’

Commercial Credit recently extended its patronage to ‘Future Minds 2015’ as the main sponsor and official financial partner for the fifth consecutive year. 

Sri Lankan children dream to build cars of the future

What if cars could break down language barriers or generate positive attitudes or rescue people when disasters hit? Most adults would dismiss such notions as wishful thinking but sometimes....

Union Assurance awards ‘Loku Wunaama Mama’ art competition winners

A special prize giving ceremony was held recently to recognise the winners of the ‘Loku Wunaama Mama’ art competition. This was held to coincide with the Union Assurance Higher Education Month. 

Fortune Cooking Oil holds grand draw of ‘Muluthangei Fortune’ promo

Fortune Cooking Oil, Sri Lanka’s number one edible oil brand marketed and distributed by Pyramid Wilmar (Pvt.) Limited, recently held the grand draw for the ‘Muluthangei Fortune Thagi Wasana’ competition.

Diva ‘Idame Vasanawa’ helps loyal customers build their future

Everyone dreams of having his or her own land to build a future upon. For three loyal customers of Diva, this incredible dream has now become a reality. 

Rupee float seen positive; more economic reforms urged

?Sri Lanka has won a thumbs up from ratings agencies and economists for floating its rupee currency after last month’s general election, but more reforms will be needed to support the currency and conserve the Central Bank’s modest reserves.

MTD Walkers to raise Rs.3bn via debentures

Integrated infrastructure and engineering solutions provider, MTD Walkers PLC yesterday said it was raising Rs.3 billion through a  debenture issue.

Indian Oil keen to set up greenfield refinery in Sri Lanka

Indian Express: State-run Indian Oil Corporation (IOC) is planning to set up a 6 million tonne per annum (mtpa) greenfield refinery in Sri Lanka. 

Fed rate hike to affect those depending on foreign funding: Moody’s

Credit rating agency Moody’s in a new report said that the US Federal Reserve could hike up its short-term interest rates by 0.25 percent today or in the coming months which could have mixed effects on emerging markets.

Bopitiya to become modern township as part of Negombo-Colombo metro rail system

A 150-acre marshy land in Bopitiya bordering Muthurajawela is to be developed as a modern township as part of the 47km electric metro rail system planned by a Malaysian company between Negombo and Colombo.

Rupee rebounds from record low on state bank, exporter dlr sales

?REUTERS: The Sri Lankan rupee recovered after hitting an all-time low yesterday as late sale of dollar by exporters and a state bank helped recoup early losses, dealers said.

Ravi Fernando to conduct CA Sri Lanka Blue Ocean Strategy master course

The Institute of Chartered Accountants of Sr Lanka (CA Sri Lanka) has organised a one-day master course on ‘Blue Ocean Strategy..

CIMA President in Sri Lanka on Sept. 20

CIMA Sri Lanka’s golden jubilee celebrations marking its 50-year presence in the country will be held under the patronage of Myriam Madden, CIMA President for 2015/16.  

JLanka Technologies helps nation fast track Nanotechnology

JLanka Technologies, the nation’s pioneer in advanced solar power solutions was the main sponsor of the recently concluded 2nd Annual ....

JAT concludes Wood International Expo on high note

With the motive of pushing the domestic wood industry to greater heights, JAT Holdings,....

Japanese SMEs should enter Sri Lanka to explore Indian, Pak markets – SLJBCC Chief

“Sri Lanka has great potential to attract Japanese investors who are interested in investing in Sri Lanka,” said Kenichi Suganuma,...

Intex South Asia to be held on November 16-17 in Colombo

The global garment and apparel industry is now focusing its energies on South Asia as garment manufacturing shifts from China to South Asia.

ACL to hold 10th Corporate Law conference next week

For the 10th consecutive year, the Association of Corporate Lawyers Sri Lanka (ACL) has organised its annual Corporate Law Conference which will be held on 23rd September 2015 from 8.30 a.m. to 5.00 p.m. at the Hilton Hotel.

Nawaloka Construction enters global construction market

Nawaloka Construction Company (NCC) yesterday announced that it has successfully stepped into the global construction market having bagged a million dollar hospitality project in the Maldives.

DSI Premier Showroom in Bambalapitiya reopens after facelift

?Heralding the return of quality footwear to Bambalapitiya, the DSI Premier showroom at 513/515, Galle Road, Colombo 4, was re-opened with a new look and a multitude of designs and brands on the 14th of September. 

Dealers rewarded at LG-Abans Partners Get-Together 2015

LG-Abans Partners Get-Together 2015 was held at Hotel Galadari, Colombo on 4th September. This annual event is a red letter day in Abans calendar of annual events.

CEAT winners get trackside experience at Singapore F1 Grand Prix

?The adrenaline rush of Formula 1 racing at night will hit five lucky Sri Lankans who have won Grand Stand seats at the 2015 Singapore Grand Prix, plus air travel and accommodation in Singapore from CEAT, Sri Lanka’s highest-selling tyre brand.

Community engagement project wins Silver prize at int’l competition

?A construction training and community engagement project in rural Sri Lanka won the Silver prize in the most significant international competition for sustainable design and construction. 

National Chamber to hold session with  Swiss ambassador

?A session on ‘Bilateral Trade Between Sri Lanka and Switzerland’ with the Ambassador of Switzerland will be held on September 22, from 3:00 to 4:30 p.m., at the Chamber Auditorium, Colombo 10. 

Delhi proposes Indian investors’ forum in Colombo

Indian Finance and Corporate Affairs Minister Arun Jaitley had proposed an Indian investors’ forum in Colombo, sources close to Prime Minister Ranil Wickremesinghe said yesterday.