Fashion Bug receives Platinum Dealer Award

Fashion Bug , one of Sri Lanka’s largest retail clothing chains, was recognised as a Platinum Dealer of Rainco at the Rainco Platinum Award Ceremony held at Colombo Hilton recently.

Suren Cooke Agencies conducts training programme on safe use of pest control products

?Suren Cooke Agencies announced that it is one of the official distributors and strategic partners of Sumitomo Chemical Products in Sri Lanka.

Abans first to offer 10-year warranty on compressors of LG inverter air conditioners

?Abans have just introduced an amazing 10-year warranty on the Inverter Compressor of all LG Inverter Air Conditioners.

Keells adds flavour to Culinary Art Food Expo 2015

?Culinary Art Food Expo 2015 this time showcased a plethora of best local and international culinary expertise.

DVB 2Q net slows amid higher impairments and overheads

DFCC Vardhana Bank PLC (DVB) posted a net profit of Rs.299.2 million for the quarter ended June 30, 2015 (2Q15), up 3.6 percent from the same period last year, amid higher allowances for bad loans and other losses and overheads...

Sri Lanka “Maritime Week” declared

?The government of Sri Lanka for the very first time has declared a “Maritime week” in Sri Lanka from 21st to the 27th September 2015 in line with the World Maritime Day that falls on the 24th September 2015. 

Aggressive rent evasion costs UDA

A significant portion of clients of the Urban Development Authority (UDA) have not been paying their rent this year by leveraging the ongoing political uncertainty, a top UDA official said. 

Dialog delivers!

Sri Lanka’s leading mobile telecommunications services provider, Dialog Axiata PLC saw its net profit for the quarter ended June 30, 2015 (2Q15) growing 12 percent to Rs.1.9 billion from a year ago, with earnings per share of 23 cents.

Dipped Products June net dips 43%

Dipped Products PLC (DPL), a non-medical glove manufacturer controlled by Hayleys group saw its June quarter (1Q16) net profit falling as much as 43 percent year-on-year (yoy)...

Gates richest in tech, as Bezos rises

AFP - Microsoft’s Bill Gates was the unsurprising leader of the first Forbes list of the richest global tech billionaires, while Amazon founder Jeff Bezos saw his personal fortune surge.

Debris find ‘real boost’ to Australian MH370 searchers

AFP - The discovery of a Boeing 777 wing part on a remote Indian Ocean island was a “real boost” to experts scouring treacherous seas for missing plane MH370, Australia’s search chief said yesterday.

Oil prices set to continue multi-week decline

?AFP - Oil prices looked set to continue a multi-week decline in Asian trade yesterday on concerns over a global oversupply of crude and mixed prospects for energy demand.

Rupee steady; state bank dlr sales offset importer demand

?REUTERS - The Sri Lankan rupee traded steady yesterday as a state-run bank, through which the Central Bank usually directs the market, sold dollars at a flat rate of 133.75 despite importer demand for the greenback, dealers said.

Sri Lanka Ports Authority marks 36th anniversary

Sri Lanka Ports Authority (SLPA) celebrated the 36th anniversary recently. A special function was held at the ‘Sri Sambuddajayanthi Chaithya’ premises in commemoration of the event 

Major banks back first luxury apartment development in Kandy

?Developers of Dynasty Residence, GVR Lanka (Pvt.) Ltd funded by the Serendib Investment Group from USA has foreseen these development opportunities and pioneered the first ever integrated development project in Kandy with a Luxury Condominium and a Star-Class Hotel. 

Asia stocks mixed ahead of US jobs data

Asian stocks were mixed yesterday as investors awaited the release of US jobs data, while the Bank of Japan held fire on a fresh round of stimulus.

Microsoft Lumia Wonderland with Mobitel rewards weekly winners

The national mobile service provider Mobitel in partnership with Microsoft rewarded 10 Mobitel and Lumia smartphone customers a range of valuable prizes through the weekly draw. 

Not all accountants confident leaders: CIMA official

?Even though Sri Lanka is blessed with a large number of qualified accountants, not everyone is equipped with the communication and leadership skills required to sell an idea to their bosses and hence fail short of becoming what the corporate sector needs - competent leaders. 

Dialog supports Galle Lit Festival

?Sri Lanka’s premier connectivity provider, Dialog Axiata PLC, has stepped in as the Gold sponsor of the prestigious 2015/2016 Galle Literary Festival.

CA Sri Lanka-qualified Chartered Accountants are known for their integrity world over: FCA Member

Chartered Accountants are well known as a brand of unique and versatile professionals, who are sought after both locally and globally.

Rotaract District 3220 holds 25th Rotaract District Assembly

?Rotaract District 3220 held its 25th Rotaract District Assembly, the highlight of the Rotaract calendar, in grandeur recently at Hotel Ramada, under the theme ‘Together Towards Tomorrow’.

IIT Campus showcases innovation, entrepreneurship and gaming at Cutting Edge 2015

?Students from the Informatics Institute of Technology (IIT Campus) displayed many groundbreaking projects at the Cutting Edge 2015 exhibition organised by the campus this year. 

Cheap credit boosts DIMO June quarter; profits up over 650%

Diesel & Motor Engineering PLC (DIMO), agents for Germany’s Mercedes Benz and India’s Tata vehicles saw its June quarter (1Q16) net profit surging as much as 655 percent year-on-year (yoy)

S&P affirms ‘B+/B’ ratings on Sri Lanka with Stable outlook

Standard & Poor’s Ratings Services (S&P) yesterday affirmed its ‘B+’ long-term and ‘B’ short-term sovereign credit ratings on Sri Lanka. The outlook remains Stable.

Textured Jersey June net profit up 26%

Weft knit manufacturer Textured Jersey Lanka PLC (TJL) reported a net profit of Rs.206 million for the quarter ended June 30, 2015 (1Q16), up 26 percent year-on-year (yoy).

Lanka Hospitals 2Q15 June profits soar

State-controlled Lanka Hospitals Corporation PLC saw its net profit for the June quarter (2Q15) increasing to Rs.371.3 million from Rs.211.5 million reported in the corresponding quarter of the previous year.

Singer Sri Lanka reports impressive first half

Singer Sri Lanka recorded Rs.18 billion in revenue, a 28 percent surge in the first half of the 2015 financial year compared to the previous year.

Ravi vows to crush crony capitalist monopolies

Industry monopolies created through protectionist policies of crony capitalism will be brought down by opening the markets,

Restructuring begins to pay off; Expolanka June net up 28%

Japan’s Sagawa group unit, Expolanka Holdings PLC, saw its net profit for the June quarter (1Q16) increasing 28 percent year-on-year ....

Vidullanka subsidiary enters power purchase agreement with Ugandan govt.

Muvumbe Hydro Limited, a subsidiary of mini hydro developer Vidullanka PLC, has entered into a power purchase agreement...