Brandix-WSO2 launch 2015 MIT Global Startups Challenge in Sri Lanka

?The hunt has begun for Sri Lanka’s ‘big idea’ technology start-ups with the launch of the 2015 Global Startup Labs (GSL) Sri Lanka Challenge. 

Metropolitan introduces YORK VRF air-conditioning solutions

?Metropolitan, Sri Lanka’s only specialist workplace solutions company, introduced a new variable refrigerant flow (VRF) system, the YORK YES Series DC inverter air-conditioner, to Sri Lanka. Metropolitan, Sri Lanka’s only specialist workplace solutions company, introduced a new variable refrigerant flow (VRF) system, the YORK YES Series DC inverter air-conditioner, to Sri Lanka. This VRF system offers greater comfort, energy savin

Shares fall for 4th session on political woes, foreign selling

?Sri Lankan shares fell for a fourth straight session yesterday and closed at their lowest in six weeks, led by conglomerate John Keells Holdings Plc as concerns over political uncertainty before parliament elections dented sentiment.

Altair designer Moshe Safdie receives America’s highest architectural honour

?Moshe Safdie, the architect of Sri Lanka’s Altair high-rise luxury residential development, has been honoured with the 2015 Gold Medal of the American Institute of Architects (AIA), the institute’s highest honour, for his contribution to global architecture.

DVB’s Rs. 5 bn debenture issue oversubscribed

DFCC Vardhana Bank (DVB) PLC recently concluded the second listed debt issue in its 12-year history, on May 29th.  

Now, AIA makes motor claims amazingly simple!

AIA Insurance has taken motor claims settlements to new heights by partnering with Sampath Bank.

ComBank adjudged among best in Asia by FinanceAsia

Commercial Bank of Ceylon (ComBank) has been adjudged the ‘Best Bank’ in Sri Lanka in 2015 by Hong Kong-based ‘FinanceAsia’,

BoC ranked as Sri Lanka’s No.1 Brand again

Bank of Ceylon (BoC) has once again been ranked as the No.1 Brand in the country by Brand Finance Lanka,...

Ceylinco Insurance segregates biz sans shareholder approval

Ceylinco Insurance PLC announced that they have formed two new companies named Ceylinco...

Rupee forwards end up on exporter dlr sales, spot steady

Sri Lankan rupee forwards ended firmer yesterday as exporters sold dollars amid expectations...

Loss on plant disposal, Miller’s expenses turn Lion 4Q net into red

Lion Brewery (Ceylon) PLC (Lion) turned a net loss of Rs.323.7 million for the quarter ended...

Sri Lanka Tourism to launch Rs.200mn brand building strategy

After a lapse of six years, Sri Lanka Tourism is to launch a Rs.200 million new brand building...

‘Work In Sri Lanka’ continues to draw expat, biz community attention

?Work In Sri Lanka, a volunteer-led brain gain initiative that aims to position Sri Lanka as an attractive work destination,   for highly skilled individuals and high caliber businesses, held its quarterly meet up in Colombo recently. 

Computex kick starts

Taiwan President Ma Ying-jeou (C) gestures with local officials during the opening ceremony at the Computex trade show in Taipei yesterday.

Freshest produce at Keells Super delivering more “Nutrition and Taste”

?Keells Super has always been in the forefront of ensuring high quality and freshness of all its produce and has established itself as the leader in terms of freshness amongst all supermarkets in Sri Lanka. 

Harsha says country risk premium on the decline

The risk premium which Sri Lanka had to pay during its recent foreign borrowings has come down to 3.9 percent this year from 4.37 percent in 2012, and would come down  further in the future, Deputy Minister of Policy Planning and Economic Development, Dr. Harsha De Silva said.  

Sri Lanka now stuck in the middle – Economist

?Sri Lanka has now reached an economic stage where the country can neither compete with the low cost producers nor can it match its productivity with that of its high productive, higher middle income countries such as Malaysia and Thailand, according to an eminent economist. 

Sri Lanka’s first ocean wave power plant to be set up in Matara

?The new regime is going ahead with the development of the country’s first ocean wave power plant in Matara, in partnership with Blackbird International Corporation, MirrorBusiness reliably learns.

Asian markets mostly down, Tokyo rally ends after 12 days

?AFP: Asian markets mostly fell yesterday, with Tokyo declining after a 12-day rally, while in Europe Greece’s creditors held impromptu talks aimed at resolving the country’s months-long debt crisis.

Odel 4Q turns profit but FY 14/15 profit declines

?Softlogic Group company, Odel PLC turned a net profit of Rs. 17.8 million for the quarter ended March 31, 2015 (4Q’15) from a net loss of Rs.3.2 million incurred a year ago, the interim results released to the Colombo Stock Exchange (CSE) showed.  

More Lankans going online to purchase vehicles: Report

?A growing number of Sri Lankans are going online to purchase their vehicles, and the number will keep growing, according to a report by online vehicle classifieds platform Carmudi.

Sri Lanka tourism urged to rethink its branding strategy to lure new age traveller

Sri Lanka tourism should completely rethink its tourism branding strategy to leverage its culture,...

Shares down to near 5-week low ahead of holiday

Sri Lankan shares ended near a five-week low in thin trade yesterday ahead of a public holiday,...

Sri Lanka’s March trade deficit narrows 13.5% YoY to US $ 520.5mn

Sri Lanka’s trade deficit narrowed 13.5 percent to US $ 520.5 million in March from US $ 602 million a year earlier,...

Fitch rates NDB’s subordinated debentures final ‘A+(lka)’

Fitch Ratings Lanka has assigned National Development Bank PLC’s...

Rupee forwards up; spot trading resumes

Sri Lankan rupee forwards ended firmer yesterday as the spot currency started to trade after the island nation raised....

World’s tallest residential skyscraper

Indian labourers work at the site of what developers hope will be the world’s tallest purely residential skyscraper...

Institute of Directors organises ‘Saying No To Corruption’ forum

?The Sri Lanka Institute of Directors (SLID) has organised another Power Evening, a public forum, captioned ‘Saying No to Corruption! Can Corporates Draw The Fine Line?” on June 9, 2015 at The Kings Court, Cinnamon Lakeside Colombo.

Carbon Consulting Company to strengthen sustainability strategy with Forum for the Future

?Sri Lanka’s Leading sustainability consulting firm The Carbon Consulting Company (CCC) announced that it is strengthening its strategic expertise with an international partnership with leading global sustainability non-profit, Forum for the Future. 

Lamudi examines change in residential property market

?It is not an easy task to meet the needs of the residential property market. With a mass of residential properties on the rise, understanding what house-hunters are looking for can be a challenging task for a developer.