People’s Leasing, People’s Bank up stake in PMF; trigger mandatory obligations

?People’s Leasing & Finance PLC (PLC) and its parent People’s Bank have acquired a significant stake in People’s Merchant Finance PLC (PMF) and will be making a mandatory offer to the shareholders in the near future.

Krest introduces newest vegetable crumbed range

?The Krest brand has taken one more step further by understanding the needs of different consumers and taken yet another initiative to launch a veggie-based crispy crumbed range of products to give better and more offering to veggie lovers.

Hameedia introduces new range of fashionable knitted jackets

?Continuously setting the benchmark in the fashion industry, Hameedia, Sri Lanka’s leading menswear specialist recently introduced its latest range of fashionable knitted jackets.  

Scan products sales force rewarded at Star Awards Night

At a ceremonious event which took place at the Club Palm Bay Hotel in Marawila recently, C. W. Mackie PLC – Scan Product Division’s top sales performers were recognized for the year 2014/2015.

99X Technology employee felicitated for ‘Leadership Excellence in IT’

?99X Technology’s Process and Delivery Manager Shehani Seneviratne was recognized for her contributions to Sri Lanka’s IT industry when she was awarded Silver for ‘Leadership Excellence in Information Technology’...

Munchee founding Chairman steps down

?Following a board meeting held on June 24, 2015, after almost 48 years at the helm of the organisation he founded in 1968, Mineka P. Wickramasinghe has retired from the position of Chairman of the Ceylon Biscuits (CBL) group. 

Marina Rasa Saraniya holds ‘Star Chef Hunt’ in Wayamba Province

?The second phase of the Marina Rasa Saraniya ‘Star Chef Hunt’ competition launched by Cherubium Lanka in collaboration with Swarnavahini TV channel and the Ministry of Education was held on a grand scale at the S. W. R. D. Bandaranaike Vidyalaya, Panduwasnuwara recently. 

CSE conducts successful live disaster recovery exercise

?The Colombo Stock Exchange (CSE) conducted a successful disaster recovery testing exercise, as part of its Business Continuity Planning (BCP), from its Disaster Recovery site recently, where all trading and post-trade operations took place from this remote site for a complete market day. 

Waskaduwa Beach in Rs.788mn cash call to settle debts

?The board of directors of George Steuart Group subsidiary Waskaduwa Beach Resort PLC (CITW) announced that the company will be going for a Rs.778 million rights issue to settle outstanding loans.

Election financing from abroad may boost Sri Lanka rupee: CB Governor

?economynext: Sri Lanka may see a surge of foreign inflows to finance an upcoming election which boost the rupee, but it was not certain, Central Bank Governor Arjuna Mahendran said.

Health-conscious Lankan to demand less fizzy drinks

?Increasing disposable income is less likely to translate into higher demand for carbonated soft drinks as the Sri Lankans are becoming more health conscious, according to a top official from the country’s oldest carbonated soft drinks manufacturer. 

Colombo City Centre to come up in Colombo 2

?Colombo City Centre, a 47-storey 1,000,000 square feet mixed lifestyle centre, combines a 210,000 square feet retail mall, a 196-roomed NEXT Hotel and 178 residential apartments on Sir James Pieris Mawatha, Colombo 2.

Prime Lands’ Sandamini adjudged Best Women Entrepreneur – Large

?The prestigious Women in Management Organisation named Prime Lands Group Deputy Chairperson Sandamini Perera as the ‘Best Women Entrepreneur – Large’, at the ‘Women for Governance’ Professional and Career Women Awards 2014/2015 held recently at The Kingsbury Hotel – Colombo.

CA Sri Lanka launches e-learning certificate course on SLFRS

?The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently unveiled an online certificate course on the Sri Lanka Financial Reporting Standards (SLFRS)

LBR LBO Summit 2015 next week

?Launched in the year 2000, Lanka Business Online, popularly known as LBO, is Sri Lanka’s and perhaps the region’s first web-based news service. LBO focuses on economy, industry, commerce and policy. 

MTI strengthens Sri Lanka board with int’l appointees

?MTI Consulting Sri Lanka, with a view on related business diversifications, has strengthened its board of directors with four new international appointments in the capacity of non-executive directors.

CLA and People Business explore HR role in driving corporate performance in Sri Lanka

?The conclusion of the workshop “Linking HR Strategy with Business Strategy” conducted by the Colombo Leadership Academy brings to an end a two-day master class on the inner workings of Human Resources best practices to create people centric businesses. 

National aviation policy in the making

A national policy on aviation is being formulated with the help of the industry stakeholders, according to Civil Aviation Authority (CAA) Chairman Shibly Aziz who was speaking at the Annual General Meeting of the Sri Lanka Association of Airline Representatives recently.

June tourist arrivals up 12%

?Sri Lanka’s tourist arrivals in the month of June rose 11.9 percent year-on-year (yoy) to 115, 467, the data released by the Sri Lanka Tourism Development Authority showed.

Giti Tire Conducts Tire Check Education Campaign in Sri Lanka

Colombo, Sri Lanka–On the 19thand 20thof June, 2015, Giti Tire as the manufacturer of GT Radial, conducted a “Tire Check Campaign” to educate public on proper tire care and maintenance.

​Vogue Jewellers continue their Majestic Voyage as the Legend in Gold with the launch of the Regal T

The Taj Samudra, Colombo dazzled in all its splendour when Vogue Jewellers –Sri Lanka’s legend in gold, unveiled the magnificent Tusker Collection to a distinguished audience on the 31st of May 2015.

Enjoy a 10% discount at World Duty Free when you book your flight with findmyfare.com

Thursday 25th June 2015, Colombo: Sri Lanka’s largest online travel company, findmyfare.com is providing a 10% discount on products purchased at Sri Lanka’s premier duty free store, World Duty Free, to all customers who make their air ticket purchases online.

CIMA elects Myriam Madden as new President

CIMA has elected Myriam Madden FCMA, CGMA as the President for 2015-6 following ...

Anationz introduces groundbreaking menswear range

Featuring comfortable and affordable garments in uniquely exquisite styles to suit every body type, ....

Rajeev Amarasuriya elected as Colombo Uni Alumni 10th President

Rajeev Amarasuriya was elected as the 10th President of the Alumni Association...

Analytical Instruments implements MTI-enabled strategizing

Analytical Instruments (AIPL), Sri Lanka’s market leader for latest technologies...

Sri Lankan energy team attends training programme in Germany

For the third consecutive year, the Ministry of Economic Affairs and Media,...

China Xi’an City explores Sister City opportunities with Sri Lanka

A four member delegation from the Municipality of Xi’an City Municipality...

Video: Micro Cars begins local assembly of crossover SUV SsangYong Tivoli

Local automobile manufacturer and assembler Micro Cars yesterday began the local assembly....

Textured Jersey in major overseas acquisition

Just weeks after being crowned overall victor and ‘International Textile Firm ...