Internal fraud costs NTB Rs.365 million

Fraudulent acts in a couple of Nations Trust Bank PLC (NTB) branches have cost the bank...

Browns Investments takes full control of Ajax Engineers

The diversified conglomerate, Browns Investments PLC last week acquired the balance...

CB seen keeping rates steady

Sri Lanka’s Central Bank is expected to keep its key policy interest rates unchanged...

Lanka Rating Agency fate hangs in balance

The licence of Lanka Rating Agency (LRA) is scheduled to expire tomorrow,...

GK depositors’ FR petition: AG seek further date to submit Cabinet memo, repayment mode

The Attorney General yesterday sought a further date to submit the cabinet memorandum and the mode of re-payment plan to settle 41 percent of the deposited money of Golden Key (GK) depositors...

JKH finalises US $ 395mn syndicated loan for Waterfront

John Keells Holdings PLC (JKH) has finalized the US$ 395 million debt financing required for its flagship Waterfront mixed development project from a renegotiated syndicated loan through Standard Chartered Bank.

April trade deficit widens 15 percent

?Sri Lanka’s trade deficit in April widened 15.1 percent year-on-year US $ 783 million, with imports led by consumer and investment goods speeding up ahead of lagging exports earnings.  

Further easing in the offing: StanChart

Further monetary easing could be expected towards the second half of 2015 by the Central Bank to stimulate the economic growth as the benign inflation and the slow pick...

Venture Engine 2015 announces top 3 start-ups at finale

?The Venture Engine entrepreneurship development programme drew to a close at The OZO, Colombo recently, marking a successful four-year run. The 11 finalists behind the top-ranked projects...

‘Chamber Biz Alerts’ to provide vital business information

?The Ceylon Chamber of Commerce has launched ‘Chamber Biz Alerts’, an SMS service, to enable Sri Lanka’s business community to get updated with vital business information, which will help them to explore and grab business opportunities.

D. Samson celebrates International Flip Flop Day

?D. Samson & Sons (Pvt.) Ltd, the main marketing and distributing arm of the DSI Samson group, celebrated the International Flip Flop Day, which fell on June 19, by getting the members of its staff to wear DSI...

Ceyoka offers integral waterproofing solutions for secure building structures

?Most building and homeowners ignore the visible signs of seeping dampness which ultimately threaten a building’s structural integrity. The damage caused by water infiltration can be problematic for years, even long after the initial leak has been resolved. 

IRCON completes 5 years in Sri Lanka

?IRCON International Limited, a Government of India undertaking, under the Ministry of Indian Railways, has completed five years in Sri Lanka, where the company was responsible for laying the Northern railway...

Singer introduces PlayStation 4

Revolutionising the gaming experience for PlayStation enthusiasts, Singer Sri Lanka introduced PlayStation 4 (PS4) recently in its Mount Lavinia showroom by showcasing five gaming booths, enabling the fans to experience the next generation console.

JLanka Technologies wins Gold certification at Green Mark Award

?Sri Lanka’s pioneering next generation solar power solutions provider, JLanka Technologies was recently adjudged with the Gold certification at the Green Mark Award. The event was held in parallel with the World Construction Symposium 2015, at Hotel Galadari, Colombo. 

Arpico chain opens three more ‘Daily’ supermarkets

?Wennappuwa, Hanwella and Attidiya recently welcomed their own Arpico ‘Daily’ supermarkets, as the convenience-focussed retail giant opened three new outlets as part of its expansion plan targeting key towns and populous suburbs.

CB validates Governor Mahendran’s appointment, new currency notes

?The Central Bank of Sri Lanka yesterday in a strange move validated the appointment of the present Governor Arjuna Mahendran and the currency notes issued by the bank dated 2015.02.04.

RPCs plan growing oil palm in unproductive rubber lands

The Regional Plantation Companies (RPCs) are now planning to convert unproductive rubber lands, which are not suitable for tea, into oil palm estates in order to give a boost to the crises-stricken industry.

KPMG to restructure Lanka Sathosa

The Colombo branch of the global consultancy firm KPMG has been tasked to restructure the state fast-moving consumer goods (FMCG) giant Lanka Sathosa, a media communiqué by the Industry and Commerce Ministry said.

Singer (Sri Lanka) announces share purchase prices

Singer (Sri Lanka) PLC yesterday announced the respective purchase prices for the proposed purchase of shares in Regnis (Lanka) PLC and Singer Industries (Ceylon) PLC.

Mercmarine Training launches high-tech engine room simulator

Pledging a long felt necessity of a Marine Engineering Training simulator in Sri Lanka, Mercmarine Training, a renowned maritime training institute launched a “ State-of-the-art Engine Room Simulator” recently at their training centre in Colombo. 

SAARC to get satellite from India

?Addressing the inaugural session of the 18th South Asian Association for Regional Cooperation (SAARC) Summit in Kathmandu last year, Indian Prime Minister Narendra Modi said his country is ready to develop...

Pathfinder presents economic proposals to President

?In the recent weeks, President Maithripala Sirisena has undertaken the task of consulting groups of intellectuals and captains of industry with a view to sharing their views and experience to improve Sri Lanka’s economy.

IAA to host Creative Mantra workshop

The International Advertising Association (IAA) will host the highly anticipated Creative Mantra workshop on June 26 and 27, 2015, at Citrus Waskaduwa. 

Nivasie’s Orchid Apartments brings luxury condominium living to Malabe

Premier housing project development company Nivasie Developers is launching its latest project ‘Orchid Apartments’ in the booming suburb of Malabe today. 

SEC mulls mandatory rating for brokerages

Capital market regulator, the Securities and Exchange Commission (SEC), is exploring ways to introduce mandatory rating for stockbroking firms operating at the Colombo Stock Exchange (CSE), a top official said.

New look for ACL Cables

?ACL Cables, the number one cable manufacturer in Sri Lanka with over 70 percent market share and Rs.14.5 billion turnover, as a group, and the pioneer in Sri Lanka’s cable industry since 1962...

Services liberalization, only way to bridge skilled labour gap

Liberalization of professional services in Sri Lanka would go a long way towards filling the skilled labour gap in Sri Lanka and uplifting the country’s skill levels, according to experts who spoke at a forum recently.

Softlogic to open 5-star hotel next March

?Sri Lanka’s youngest diversified conglomerate, Softlogic Holdings PLC will be opening its 5-star city hotel under the globally renowned Movenpick brand in March 2016.

MTD Walkers to launch first affordable housing project in Galle

?Wincon Development Ceylon (Private) Limited, a fully-owned subsidiary of MTD Walkers PLC is set to launch Richmond Hill Residencies, its very first affordable housing project in Galle in July this year.