Govt drafts laws to regulate microfinance lending

The government is currently drafting a microfinance bill to accommodate a four-layer regulator with the Central Bank (CB) as the national level regulator to regulate microfinance lending. 

Tolstoy & Billionaires: Overheard at the IMF’s Spring Meetings

All happy countries are alike; each unhappy country is unhappy in its own way. This twist on Tolstoy’s Anna Karenina echoed through the seminars....

SLID’s Director Certification Programme brings ‘Yahapaalanaya’ to Board room

?BOARD LEADERSHIP –Director Certification Programme, the flagship  programme of The Sri Lanka Institute of Directors, which kicked off on March 25th& 26th at the Kingsbury.

Serendib Flour Mills appoints Sathak as new Chairman

?After successfully leading Serendib Flour Mills for 15 years, the company’s former CEO Sathak Abdul Kadar has been appointed as Serendib Flour Mills’ new Chairman with effect from May 1, 2015. 

China Shipping Container Lines eyes aggressive expansion into Sri Lanka

China Shipping Container Lines Co., Ltd (CSCL), the seventh largest shipping line in the world, is eyeing aggressive expansion into Sri Lanka as a regional hub, helped by its local shipping agent, the Ceyline group.

CLC partners with HNB to offer ATM facilities

?Commercial Leasing & Finance PLC (CLC) partnered with Hatton National Bank (HNB) to introduce ATM facilities to its customers.  The launch ceremony was recently held at the CLC head office at No. 68, Bauddhaloka Mawatha, Bambalapitiya...

Laksala organises Vesak promo with special discounts

?For over 50 years, Laksala has promoted the Sri Lankan heritage and local artisans keeping their traditions alive. It has earned the appreciation of numerous local and foreign customers for the colourful variety of products offered. 

SLASSPA requests business community to have patience over holiday period

?Sri Lanka Security Service Providers’ Association (SLASSPA) President Major Tissa Aluwihare voiced the concerns of the members of the SLASSPA over the numerous holidays, which have greatly impacted the security industry.   

Ceyoka inks landmark distributor agreement with Schneider Electric

?Ceyoka (Pvt.) Ltd announced that it had entered into a landmark distributor agreement with Schneider Electric, the global specialist in energy management, for its lighting control products.

Kabir Hashim meets with Qatar Ambassador

?Highways and Investment Promotion Minister Kabir Hashim met with Qatar Ambassador to Sri Lanka Rashid Shafie Saeed Al-Fahida Almerri yesterday.

CBL revolutionizes cereal market with Nutriline

?Ceylon Biscuit Limited (CBL), the leader in the biscuit and confectionery market, recently launched the Nutriline cereal range - a tasty, healthy and wholesome cereal enriched with multi grains, delivering optimal nutrition for children.

Asia Siyaka Sampling Dept achieves ISO 9001:2008 certification

?The Sampling Department of Asia Siyaka Commodities PLC has successfully achieved the ISO 9001:2008 certification in order to provide quality service to tea buyers.

Sri Lanka sovereign rating remains unchanged at ‘BB-’

Sri Lanka’s sovereign rating remains unchanged as Fitch Ratings yesterday affirmed Sri Lanka at ‘BB-’ with a stable outlook. The rating agency said Sri Lanka enjoyed a smooth political transition following the ...

Serendib Flour Mills appoints Kevin O’Leary as new CEO

Preparing for a new phase of growth and development,

Kelani Cables recognizes best retail sales promotion officers

Kelani Cables PLC recognized its exceptional retail sales promotion officers...

TIYOKA new food products range enters market this New Year

Amco Trading Private Limited is ready to introduce the TIYOKA range to the local market.

Lowe LDB takes pride in nurturing country’s most loved brands

Lowe LDB was elated to see three of its long standing clients,

Strathspey Estate receives ‘Rainforest Alliance’ certificate

Strathspey Estate situated in Hatton/Upcot area in the Nuwara Eliya district,

GroupM companies bag 5 awards at Effies

Mindshare Sri Lanka, a fully owned subsidiary of the GroupM network walked away with 4 awards at the recently concluded,,,

Tanky Wickremeratne appointed NDB Chairman

N. G. (Tanky) Wickremeratne has been appointed the new Chairman of NDB Bank PLC with effect from April 20,....

New Peacock Estate records highest yield

Aitken Spence Plantations managed Elpitiya Plantations PLC’s New Peacock Estate in Pussellawa recorded,....

GIIN lists Sri Lanka’s private equity, development finance constraints

A report by the Global Impact Investment Network (GIIN), a world leading body promoting impact investments,..

Singhe Hospitals share shows resilience despite IPO setback

The debutant Singhe Hospitals share showed resilience at the opening day of trading despite the earlier negative responses...

SLI MD Bangsa Jayah appointed to Dockyard board

Sri Lanka Insurance (SLI) Managing Director T.M.R. Bangsa Jayah has been appointed to the board of Colombo Dockyard PLC,...

Tea exports to India up due to backdoor trade with Iran

Sri Lanka’s tea exports to India have increased exponentially, driven by Indian traders who may be trans-shipping to Iran at more competitive prices using their unofficial rupee-denominated currency swap arrangement with the oil rich sanctioned country.

Shares slip on profit taking

?REUTERS: Sri Lankan shares slipped yesterday from their more than one-month closing high hit in the previous session, as investors booked profits after three straight sessions of gains, brokers said.

Ceylon Chamber calls on Parliament to unite and pass 19A

?The apex private sector trade body in the country, the Ceylon Chamber of Commerce (CCC), welcomed the constitutional changes proposed under the 19th Amendment and called on the Parliament to unite and pass it into law.

Indonesia seeks to lure investors at ‘Asia’s Davos’

AFP: Indonesia welcomed business chiefs and government leaders yesterday to Asia’s edition of the World Economic Forum, as calls mount for President Joko Widodo to do more to show his commitment to reform.

Rupee forwards end steady; downward pressure seen

?REUTERS: Sri Lankan rupee forwards ended steady yesterday as banks’ dollar sales offset importer demand for the greenback, but dealers expect downward pressure to persist until the middle of this year due to lower interest rates.

Kurukularatne appointed as HDFC Director

?Udyama J. Kurukularathne has been appointed as a Non-Executive/Independent Director of HDFC Bank, with immediate effect, the bank informed the Colombo Stock Exchange.