Sri Lanka Insurance facilitates Millionaires’ Club members

?The annual Millionaires Club Awards Night of Sri Lanka Insurance Corporation Limited (SLIC) was held at Waters Edge recently under the patronage of SLIC Chairman Hemaka Amarasooriya, Managing Director Bangsa Jayah, Executive Director P.P.J. Perera and Director Imal Fonseka. 

Camoplast Solideal GIT employs Dialog’s iMPLS network for global connectivity

?Leading global high performance motor products designer and manufacturer, Camoplast Solideal GIT, chose Dialog Axiata as its Communication Service Provider for international connectivity between their primary and secondary data centres in Sri Lanka and Singapore. 

Over 38 000 subscribers visit ‘Hutch data dansala’

?In the true ‘spirit of giving’ this Vesak season, mobile operator Hutch offered a 100MB of free data on its 3G network to all its data loving Hutch subscribers, the first ‘data’ dansala of its kind in Sri Lanka.

Mobitel mCash partners with Abans

?The National Mobile Service Provider Mobitel has partnered with Abans PLC to provide customers the all new opportunity to deposit money, pay utility bills, insurance premiums and leasing  payments via mCash, at all Abans showrooms island wide. 

Brandix receives PVH ‘Global Supplier of the Year’ Award

One of the world’s largest apparel companies has adjudged the Brandix Group its Global...

CTC continues to foster best financial practices as accredited CIMA partner

Ceylon Tobacco Company (CTC) and Chartered Institute of Management Accountants...

Baurs welcomes Swiss officials

Baurs welcomed the visit from Switzerland, of Ambassador Livia Leu,...

Kelsey Homes unveils model homes of Templer’s Square

Kelsey Homes recently unveiled the model homes of its two billion rupee housing development, Templer’s Square.

Mahapola Lotto partners with Laugfs Supermarkets

Continuing its rapid expansion drive, lotteries innovator Mahapolo Lotto has taken another giant leap forward in its growth,...

Kia Motors deploys Oracle Solution to automate processes

Kia Motors (Lanka) Limited, the sole local distributor for the popular Korean automobile brand,...

Lord Mayor of London visits CSE

Lord Mayor of the City of London Alan Yarrow taking part in the Colombo Stock Exchange...

Haycarb records Rs.279mn net profit for 4Q

The Hayleys group’s coconut shell-based activated carbon manufacturer,...

Hayleys MGT returns to profit in FY15

The Hayleys group’s knitted fabric maker, Hayleys MGT Knitting Mills PLC,...

BoC March net up 9% to Rs.2.8bn

State-owned banking giant Bank of Ceylon (BoC) saw its net profit for the March quarter...

Bogala Graphite March net profit falls 65%

Bogala Graphite Lanka PLC, a unit of Germany’s AMG Mining,...

Lord Mayor of London says upcoming elections decisive

The Lord Mayor of London, who is currently visiting Sri Lanka,...

Singer in Rs.3bn debt issue

Singer Sri Lanka PLC yesterday said it was planning to raise Rs.3 billion by way of a debenture issue.

Kelsey Homes unveils model homes of Templer’s Square

Kelsey Homes recently unveiled the model homes of its two billion rupee housing development, Templer’s Square. Potential buyers were able to view a variety of model homes as well as the common facilities within the complex, including the club house, gymnasium, swimming pool, restaurant, steam room, sauna room, kiddies play area and jogging track. The complex also offers 24 hour security with CCTV monitoring, to ensure the safety of all resi

MTD Walkers offers affordable housing for public sector employees

?Integrated infrastructure and engineering solutions provider MTD Walkers PLC in partnership with the Ministry of Public Administration, Local Government and Democratic Governance and the Board of Investment (BOI) of Sri Lanka...

SLINTEC to begin reasearch for Macbertan

?Macbertan (Private) Limited an associate company of McLarens Holdings Ltd, signed an agreement with SLINTEC for product development recently. 

Huawei Honor G Play set to launch early next week

?Huawei Honor G Play which is now set to launch in Sri Lanka is speculated to hit the market shelf at a price ranging from Rs. 25,000- 29,999.  The device will be launched next week and will be targeted at the  mid-range smartphone market.

Abans introduces LG Leon mid range smartphone with high-end features

?The LG Leon is part of the new spread of mid-range smartphones that LG has recently introduced. It is affordable and yet carries a load of features of its high-end counterparts.

AVIC signs on top contractor for Astoria Luxury Condominiums completion

Astoria, a luxury condominium development that aims to set a new standard in the luxury...

Lord Mayor to promote economic ties with Sri Lanka

The Lord Mayor of the City of London, Alderman Alan Yarrow, is to lead a business delegation to Sri Lanka from 17 to 19 May, as part of efforts to make sure London and the UK remain the regional partner of choice when it comes to financial and professional services. 

Sanasa Bank net profit surges over 200% in 1Q

Sanasa Development Bank PLC, a micro financier based on co-operative model, saw its net profit for the quarter ended March 31, 2015 (1Q15) surging as much as 226 percent year-on-year (yoy) to Rs.200 million amid better interest margins.

Ciesot divests half of its holding in Ceylinco Insurance?

Ciesot (Private) Limited, an employee share ownership trust of Ceylinco Insurance is believed to have divested over 2.2 million shares amounting to nearly half of its total holding in the company in a Rs.3.5 billion deal.

Israeli envoy says bilateral trade needs boost

The New Delhi based Israeli envoy for Sri Lanka and India, Daniel Carmon says, Sri Lanka and Israel needs to focus on further enhancing its existing trade and commercial ties.

Future hangs in the balance

?Construction work of the Chinese-funded US$ 1.4 billion Colombo Port City Project that was temporarily suspended in March on the grounds of improper procedures been followed during the past regime, is yet to commence. Analysts say, the future of the project hangs in the balance  

NDB 1Q group net down 27%; bank level profits up 30%

NDB Banking group saw its net profit for the quarter ended March 31, 2015 (1Q15) falling 27 percent year-on-year (yoy) to Rs.869.2 million, largely due to lower gains from financial investments.

SLT March profits soar

Sri Lanka Telecom PLC (SLT), the largest fixed line telephony operator in the country said its March quarter (1Q15) net profit surged 201 percent year-on-year to Rs.1.6 billion on the back of higher top line gains.