SLIA’s Architect 2018 kicks off tomorrow

The Sri Lanka Institute of Architects (SLIA) holds ‘A18 (Architect 2018)’, the pre-eminent and most popular trade exhibition in the country for the 36th consecutive time, at the Bandaranaike Memorial International Conference Hall (BMICH), from February 

Innosolve Lanka and 3M provide design solutions for any surface

3M DI-NOC is a designer’s and architect’s dream, enabling them to create and renovate with the minimum disruption to workflow together with cost and time efficiencies. Creative minds now have access to a wide range of surface finishes that faithfully replicate the appearance of natural materials

Fairway Holdings presents Elements, setting another benchmark in luxury living

Elements, the fourth vertical luxury high rise apartment building by Fairway Properties, presents a chic new direction for living and lifestyle in Sri Lanka, following the pioneering concepts of its soaring residential tower siblings within the Fairway 

JLanka Technologies creates space for engineers and architects to come together

Sri Lanka’s pioneer and leader in solar PV (photovoltaic) systems and next generation energy technologies – JLanka Technologies is committed to lighting up the country’s trail towards a greener future with its technological expertise and 

Alumex to showcase cutting-edge product range at Architect 2018

Alumex PLC, Sri Lanka’s premier integrated manufacturer of aluminium extrusions, is gearing up to showcase its vast catalogue of products, including the very latest Alumex proprietary doors, windows and facades, at the upcoming Architect 2018 Member’s Work and Trade Exhibition, taking place at the BMICH from February 22-25. 

Advisors galore to assist govt. in selling Hilton, Hyatt

Fifteen local and foreign property and financial consultancy firms and investment bankers have forwarded proposals for the role of transaction advisor to the government on the sale of Hilton Colombo and the Grand Hyatt Colombo hotels.

Eyes wide shut - US$1.8bn Indian bank fraud that went unnoticed

The Punjab National Bank branch in south Mumbai sits just down the road from both the Bombay Stock Exchange and the Reserve Bank of India, at a physical centre of one of the world’s fastest growing major economies.

Are Sri Lanka and the SAARC region capable of tackling any cyber threat?

Sophos Technologies was established in 1985 in the UK. For the last 32 years, the company has been built on pure technical sol

Asset sale by associate boosts Cargills December earnings

Diversified conglomerate Cargills (Ceylon) PLC (CARG) posted a Rs.827 million net profit for the quarter ended December 31, 2017 (3Q18), recording a growth of 30 percent from the corresponding quarter last year, due to the gains from its associate, Cargills Bank, made on the sale of one of its subsidiaries.

Stocks steady in dull trade; political woes weigh

REUTERS: Sri Lankan shares ended steady yesterday in thin trade amid political uncertainty after both parties in the ruling coalition suffered defeats in a local election earlier this month.

DIMO December net down 35% over slower vehicle sales

Slower vehicle sales saw the profits of Diesel & Motor Engineering PLC (DIMO) sliding over 35 percent during the December quarter (3Q18) compared to the corresponding quarter of the previous year (3Q17), the interim financial accounts released to the Colombo bourse showed.

Rupee falls on importer dollar demand

REUTERS: The Sri Lankan rupee edged down yesterday on importer dollar demand, while political uncertainty continued to weigh on investor sentiment, dealers said. The rupee ended at 155.40/50 per dollar, compared with Friday’s close of 155.10/20. The rupee hit a record low of 155.90 on Wednesday.

CB says yet to see results from ETI revival programme

The Central Bank is yet to see whether the measures taken through its six-month programme to increase the liquidity in the troubled ETI Group  are successful.

Seylan Bank records strong gains for December, full year

Seylan Bank PLC reported group earnings of Rs.4.10 per share or Rs.1.45 billion for the December quarter (4Q17), compared to Rs.3.37 a share or Rs.1.2 billion in the same quarter of the previous year, the interim financial accounts released by the bank showed. 

Political stability – The need of the hour

Everything is inter-connected in this globalized world, as nothing can prevail in isolation, be it economic or political. What the public expects from a democratically-elected government is to create a conducive business environment, more employment opportunities and building public infrastructure, resulting in a better living standard. 

Lessons for govt. from recent LG elections

The impact of the local government elections on the political system has been unbelievable and decisive. According to newspapers, President Maithripala Sirisena has asked Prime Minister Ranil Wickremesinghe to step down after the local elections debacle. However, a majority in the United National Party (UNP) wants Wickremesinghe to continue and is supportive of his leadership. 

Is Singapore Sri Lanka’s door to East Asia?

In a bid to strengthen economic relations, Sri Lanka and Singapore signed a bilateral free trade agreement (FTA) on January 23, 2018. In spite of the two islands’ decades of warm diplomatic relations, Singapore comprised only 1.1 percent of Sri Lanka’s exports and 5.3 percent of imports in 2016.

Fashion Bug bags Gold for Best Key Account Partner from Triumph

Fashion Bug, one of Sri Lanka’s leading retail clothing stores bagged the Gold award for ‘Best Key Account Partner’ at the recent Annual Sales Conference of Triumph International held on February 15th at the Grand Ballroom of Hilton Hotel, Colombo.

Cargills Bank fortifies remittance services partnering TransferTo

Cargills Bank has partnered with TransferTo, a leading cross-border mobile payments network for emerging markets, enhance and strengthen its remittance services offered by the bank. 

Chandana Builders triumphs with prestigious Shramabhimanai award

Recognised in Sri Lanka for its continued excellent workmanship and maintaining high standards in the construction industry, Chandana Builders was the proud recipient of the Shramabhimanai award recently.

Reunion Party of ex-Confifi Group Hotels in March

Seemingly the largest ex-hotel chain get together – The reunion party of Confifi Group Hotels will be held on March 17th 2018 from 7:00p.m. onwards at Raffles Residence, Pita Kotte.

NDB joins United Motors to promote special leasing package

NDB Leasing recently entered into an agreement with United Motors Lanka PLC to jointly promote a special leasing package exclusively for Fuso lorry cab and chassis, tippers, and Rosa buses. 

SDB bank opens 92nd branch in Galewela

SDB bank (SANASA Development Bank PLC) opened its new branch in Galewela recently. SDB Galewela branch was opened at 181,Dambulla Road, Galewela with the objective of providing an efficient and friendly service to Galewela customers with sophisticated facilities. 

JAT Holdings reigns supreme in accolade filled 2017

JAT Holdings (Pvt.) Ltd, successfully concluded an accolade filled 2017 including Managing Director Aelian Gunawardene winning the prestigious Platinum award at the 22nd Sri Lankan Entrepreneur of the Year 2017.

Turret opens at World Trade Center, downtown Colombo

Turret is today a designer store catering to the high-end customer for luxury watches, writing instruments and leather accessories.

Senani Products’ Jenika Senani wins big at SLCSMI Industrial Excellence Awards

Senani Products, Sri Lanka’s leader of Goraka cream was recently recognised by Sri Lanka Chamber of Small and Medium Industries (SLCSMI) as the winner of the Woman Entrepreneur award for ‘National Excellence’.

Thailand Week trade fair from March 9-11

Thailand Week, trade fair and business opportunity with Thailand is happening once again in Colombo from March 9-11. 

Artificial Intelligence Powered Dialog Voice Agent now on Google Assist

In line with its continuous efforts to advance technology and consistently provide users with a world-class customer service experience, Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, launched an app for Google Assistant. 

Role of capital quality in risk management

Capital is critical for banks to be in business. In banks and financial sector, it is meant to meet unexpected losses arising out of normal course of banking business like any other commercial enterprise. 

CIMA and ICCSL sign MoU to promote education

The Chartered Institute of Management Accountants UK Sri Lanka Branch recently joined hands with the International Chamber of Commerce Sri Lanka (ICCSL) to promote education, training and business.