Sampath Bank launches ‘Sampath Ithurum Siththam’ to mark World Children’s Day

Reiterating their commitment to the country’s future and establishing a solid foundation for the future leaders of the nation, Sampath Bank is introducing ‘Sampath Ithurum Siththam’ to celebrate World Children’s Day on October 01.

Turret Accessories unveiled at Crescat Boulevard

Turret, the luxury brand store that caters to the niche market of connoisseurs of products and accessories of premium brands, opened Turret Accessories, their newest store at Crescat Boulevard, Colombo’s up-scale shopping-mall complex.

Unipower excels at National Agribusiness Awards

Unipower (Pvt) Ltd received Gold and Silver awards at the 10th National Agribusiness Awards 2015 held at BMICH recently. Picture shows Jayantha Rajapakse, Chairman of Unipower being presented an award and certificate by B. Wijayaratne ,  

DHL records double-digit CO2 efficiency improvement in Asia Pacific in 2014

DHL Express, the world’s leading cross-border express services provider, has improved its carbon efficiency year-on-year in Asia Pacific despite a growth in volume of about 10 percent.

Rathmal now available in baby soap

Rathmal baby soap, the ideal product to wash away microbes from babies is now available at Stores Island wide.  Since ancient times, Rathmal immersed in water, 

“Daniel’s Golden BOPF” & “Rasata kahata” enter Sri Lankan market

Leading the fastest growing tea exporters in Sri Lanka, the Chelcey Tea Company makes its presence felt in the local market with the launch of Daniel’s premium quality tea. 

SLASSCOM appoints Mano Sekaram as Chairman

?99X Technology Co-Founder and CEO Mano Sekaram was appointed as the Chairman of the Sri Lanka Association of Software and Service Companies (SLASSCOM) for 2015/2016 at its Annual General Meeting (AGM) held last week.

Stax to present investment opportunities in resurgent Sri Lanka on global platform

Stax Inc., a global strategy consulting firm, is set to highlight and present the Sri Lankan advantage at an event tagged ‘Investment Opportunities in Resurgent Sri Lanka’ in collaboration with the Singapore Sri Lanka Business Council (SLBA),....

Games.LK-Dialog partner for Counter Strike League Season 8

?Gamer.LK, Sri Lanka’s largest online gaming community, has partnered with Sri Lanka’s premier connectivity provider Dialog Axiata PLC to enable fast access for Season 8 of its popular Gamer.LK Clans Counter Strike League, one of the most popular online gaming leagues in Sri Lanka. 

ICRA assigns EAP Broadcasting BBB rating

?EAP Broadcasting Company Limited (EBC), a unit of the EAP group, has been assigned a rating of (SL) BBB by ICRA Lanka Limited, a wholly-owned subsidiary of ICRA Ltd, a group company of Moody’s Investor Services. 

Barriers to women’s economic advancement rife in South Asia, with reform efforts lagging: WBG report

?Women in South Asia continue to trail their peers in many other parts of the world, as discriminatory laws thwart their economic advancement, says the World Bank Group’s (WBG) Women, Business and the Law 2016 report.

SriLankan Airlines appoints new CEO

SriLankan Airlines announced the appointment of Capt. Suren Ratwatte as the airline’s new Chief Executive Officer, with effect from October 2015. Capt. Ratwatte is an Airline Pilot with over 30 years of experience in the field whose first appointment was with SriLankan’s predecessor, Air Lanka in 1984. 

Nimal Perera bags first PLC for himself

Royal Ceramics PLC Managing Director and high net worth investor Nimal Perera yesterday bought the controlling shareholding of Kalamazoo Systems PLC, a provider of printing solutions for Rs.36 million. 

Rupee trades at near record low

The Sri Lankan rupee traded near its all-time low yesterday and was on track for a fifth straight decline as demand for dollars by importers outpaced selling of the greenback by exporters, dealers said.

IMF team in town

IMF Mission Head Todd Schneider, IMF Sri Lanka Resident Representative Eteri Kvintradze and IMF Economists Jiri Jonas, Manuk Ghazanchyan and Mame Astou Diouf called on Finance Minister Ravi Karunanayake to evaluate the progress of the 2015

Sri Lanka gets Singaporean help to untangle tax system

Sri Lanka’s Inland Revenue Department is receiving help from the Inland Revenue Authority of Singapore to overhaul the complicated local tax system, Central Bank Governor Arjuna Mahendran said in an interview with The Strait Times. 

JKH Dy. Chairman says to focus on Chinese and Indian tourists

Sri Lanka should focus on Indian and Chinese markets for sustainable future tourism growth due to macroeconomic fundamentals, John Keells Group Deputy Chairman and Cinnamon Hotels President Ajit Gunewardene said.

Sri Lanka earns more from fruit and vegetable exports during 2014

?Sri Lanka’s earnings from exports of fruits and vegetables during the year 2014 have increased, compared to the previous year’s income, a study conducted by the Ceylon Chamber of Commerce (CCC) finds.

FinMin says will bring rupee to ‘acceptable’ level

?REUTERS: Sri Lanka’s rupee, which is hovering near a record low after being floated by the Central Bank last week, will be brought to an acceptable level before too long, Finance Minister Ravi Karunanayake said yesterday.

Ceylon Leather halts footwear manufacturing subsidiary operations

?Ceylon Leather Products PLC (CLPL) said it had suspended the operations of Palla & Company (Private) Limited, a footwear manufacturing subsidiary, with effect from August 31, 2015.

Mahapola Lotto network extends to Medirigiriya and Point Pedro

Continuing its rapid expansion drive, following its launch a little over a year ago, lotteries innovator Mahapola Lotto has begun venturing into more remote areas islandwide. 

Amex introduces cash back offer with ‘Pump Fuel’ promo

American Express from Nations Trust Bank (NTB) enables you with a cash back offer that rewards five cardmembers on a weekly basis with its ‘Pump Fuel with American Express’ promotion. 

Debug Engineering launches new ‘011 - Support’ hotline

Debug Engineering recently announced the launch of its new ‘011 - Support’ hotline.

Sunshine Holdings recognized for excellence in investor relations

Diversified conglomerate Sunshine Holdings PLC emerged the third best in investor relations from among the country’s 296 listed corporates,

NCCSL seminar on electronic payments

The National Chamber of Commerce of Sri Lanka (NSCCSL) together with LankaClear (Pvt.) Ltd, the National Payment Network Operator 

Foreign airlines to drive Lankan aviation growth

Foreign airlines are expected to cater to the growth of air travel into Sri Lanka in the coming few years due to internal restructuring currently being carried out at the national carrier, SriLankan Airlines Chairman Ajith Dias said.

Daya and Anoma Gamage resign from Bimputh

?Daya Gamage and his wife Anoma Gamage have resigned from their positions as Chairman and Non-Executive Director at Bimputh Finance PLC with effect from August 20th and 25th respectively. 

ICTA to launch national payment platform

The state-owned Information Communication Technology Agency is currently spearheading an initiative for a national payment platform which works across all banks which is expected to be rolled out within a month.

CA Sri Lanka’s 2015 Convocation tomorrow

The most anticipated event in the academic calendar of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), the Annual Convocation, will be held tomorrow (10th ) under the patronage of Ajith Tudawe...

Cinnamon Future of Tourism Summit to mark World Tourism Day

?Cinnamon Hotels & Resorts is poised to host the first-ever ‘Future of Tourism & Responsible Tourism for Driving Revenue’ Summit, featuring an eminent panel of global industry speakers, on 28th September at the Cinnamon Lakeside Colombo, to mark the occasion of ‘World Tourism Day’.