Premium International hosts blood donation camp at LRH

Premium International (Pvt.) Ltd recently organised a blood donation campaign at the Lady Ridgeway Hospital (LRH) for children in Colombo.  This was a voluntary blood donation drive organised by Premium International in order to strengthen the national campaign, which has been initiated by the National Blood Transfusion Services (NBTS).

JAT Holdings reiterates commitment to sustainability with multitude of projects

In an effort to further reiterate its strong commitment to being a responsible corporate citizen, JAT Holdings carried out several corporate sustainability-related projects throughout 2017. The projects focused on a wide spectrum of areas including commitment to business sustainability, environmental sustainability, employee recognition and welfare, sports and recreation and community service.

Brandix offers gifts of stationery, school bags to 7,600 children

Over 7,600 children of associates of the Brandix family ushered in the new school year on a positive note, receiving gifts of stationery, a school bag each and other school essentials from Brandix, under the company’s employee welfare initiative, ‘Ran Daru Thilina’.

Hirdaramani partners with Patagonia for reforestation project

As part of its sustainable approach to business, the Sri Lankan apparel manufacturer, Hirdaramani Group, partnered with US retailer, Patagonia, to plant 4,000 trees to aid the ‘Hiniduma Bio-Link Project’ in the south-west of Sri Lanka. 

ESET named as only Challenger in 2018 Gartner Magic Quadrant

ESET – a global player in information security – has been namedas a Challenger in the 2018 Gartner Magic Quadrant for Endpoint Protection Platforms. 

Ookla names Mobitel as fastest mobile network in Sri Lanka

Ookla has declared Mobitel, its Speedtest Award Winner for having the fastest mobile network in Sri Lanka. 

Airtel enriches customer experience with new app and extended services

Airtel Lanka introduced a series of additional tools and services to its growing customer base across Sri Lanka, in its continued effort to give the best experience to Airtel subscribers. 

National brand for Sri Lanka’s ICT/BPM sector launched

The national brand for Sri Lanka’s ICT/BPM sector was launched by Malik Samarawickrama, Minister of Development Strategies and International Trade, Harsha de Silva, Deputy Minister of National Policies and Economic Affairs, Indira Malwatte Chairperson and Chief Executive– EDB at BMICH, yesterday. 

Abans MD receives Order of Merit from South Korea

Behman (Tito) Pestonjee recently received the Order of Merit from the government of the Republic of Korea. 

Prof. Razeen Sally to address YPO Colombo Chapter

Prof. Razeen Sally from the National University of Singapore and the current Chair of the Institute of Policy Studies will give an insight on ‘Economic Take-Off & Young Professionals” organized by the Colombo chapter of the YPO (Young Professionals Organisation) on February 20th at the Lakshman Kadirigama Institute, , Horton Place, Colombo 07 from 5.30 p.m. onwards. Entrance is free. 

National Print Conference to be held on March 15

Sri Lanka Association of Printers will hold their biennial Print Conference on 15th March at Waters Edge, Battaramulla. 

Nestle launches first coconut flavoured milk beverage

With innovation and nutritional science being at the forefront in Nestle’s DNA, Nestle Lanka recently introduced ‘Nespray Coco-Up’, Sri Lanka’s first dairy milk beverage with coconut, at a launch ceremony held at Hilton Residencies, Colombo.

Ban on Pan Asia Bank’s primary dealership status extended

The Monetary Board of the Central Bank yesterday decided to extend the suspension on Pan Asia Banking Corporation PLC engaging in primary dealer business activities for a period of six months.

CB keeps policy rates steady despite scope for rate cut

Despite various macroeconomic indicators pointing towards the Central Bank’s ability to ease policy rates, the monetary and financial sector regulator yesterday opted to maintain rates due to the external economic environment and risks arising from the government’s budget.

Singer records over Rs.1bn worth sales of Huawei smartphones in 3 months in row

Singer Sri Lanka PLC, the exclusive distributor for Huawei smartphones in Sri Lanka has successfully recorded over Rs.1 billion worth Huawei smartphones across the country, consecutively during the months of November, December 2017 and January 2018. 

Lion Brewery says cheers in 3Q with tax cut

The tax cut on beer brought in last November has assisted Sri Lanka’s largest brewer, Lion Brewery (Ceylon) PLC (LION), to record strong top line and bottom line gains in the December quarter (3Q18), the interim financial accounts released to the Colombo bourse showed.

Rupee recovers as political uncertainty shows signs of easing

REUTERS: The Sri Lankan rupee ended firmer yesterday, a day after hitting a record low, as exporters and banks sold dollars amid signs of political uncertainty easing, dealers said.

Working on to get rid of money laundering destination label: Central Bank

Sri Lanka is hoping to get off the Financial Action Task Force’s (FATF) grey list for money laundering and terrorist financing this October, and the Central Bank has requested the cabinet for all its support in implementing the required changes under an action plan and a new  time frame.

Abans MD receives Order of Merit from South Korea

Behman (Tito) Pestonjee recently received the Order of Merit from the government of the Republic of Korea. 

Prof. Razeen Sally to address YPO Colombo Chapter

Prof. Razeen Sally from the National University of Singapore and the current Chair of the Institute of Policy Studies will give an insight on ‘Economic Take-Off & Young Professionals” organized by the Colombo chapter of the YPO (Young Professionals Organisation) on February 20th at the Lakshman Kadirigama Institute, , Horton Place, Colombo 07 from 5.30 p.m. onwards. Entrance is free. 

National Print Conference to be held on March 15

Sri Lanka Association of Printers will hold their biennial Print Conference on 15th March at Waters Edge, Battaramulla. 

Nestle launches first coconut flavoured milk beverage

With innovation and nutritional science being at the forefront in Nestle’s DNA, Nestle Lanka recently introduced ‘Nespray Coco-Up’, Sri Lanka’s first dairy milk beverage with coconut, at a launch ceremony held at Hilton Residencies, Colombo.

CB to call proposals for forensic audit on past bond, EPF dealings

The Central Bank will be calling for proposals from major audit firms to conduct an internationally-led forensic audit into treasury bonds issuances and the Employees’ Provident Fund (EPF) investment decisions during former Central Bank Governor Ajith Nivard Cabraal’s tenure, as recommended in the recent Presidential Commission of Inquiry (PCoI) report.

CHINT – On A Quest to Empower Sri Lanka

A renowned world-class player in the energy industry, CHINT is committed to providing secure, reliable and high quality 

Hirdaramani Partners with Patagonia for Reforestation Project

As part of its sustainable approach to business, Sri Lankan apparel manufacturer Hirdaramani Group partnered with US retailer,

Ekroma carves a unique identity with their scintillating upcoming real estate project

Ekroma’s one-of-a-kind real estate projects are generating a buzz in the industry for being truly path-breaking in every sense. Ekroma

Tea industry stakeholders unite to call for lifting of glyphosate ban

In a strongly-worded statement, Sri Lanka’s tea industry stakeholders, including state-run Sri Lanka Tea Board (SLTB) Chairman Rohan Pethiyagoda, called on the policymakers to urgently re-evaluate the arbitrary ban imposed on glyphosate-based weedicides, in light of the overwhelming scientific consensus that the substance is not harmful to human health, most recently confirmed by the risk assessment for glyphosate conducted by the United St

CB’s LTV tweaking unlikely to lift electric vehicle market

Despite the Central Bank last week issuing directives to the banks and finance companies to significantly lift the restrictions on leasing on electric motor vehicles to align with the environmentalist spirit of the 2018 budget, the stakeholders were of the view that this would not lead to a boom in the electric vehicle market without further adjustments.

Slowdown in domestic sales hurt SL’s only glass bottle maker’s performance

Piramal Glass Ceylon PLC (PGC), Sri Lanka’s only glass bottle manufacturer, saw its December quarter (3Q18) earnings declining amid higher sales costs and slower top line growth, the interim financial accounts released to the Colombo Stock Exchange showed.

Smokers cough up Rs.117.3bn to govt. in 2017

The monopoly cigarette player, Ceylon Tobacco Company PLC (CTC), has paid Rs.117.3 billion to the state in excise, taxes and levies in FY17, compared to Rs.98.3 billion in FY16, the financial accounts released to the Colombo Stock  Exchange showed.