Richard Pieris Finance opens 8th branch in Kurunegala

Richard Pieris Finance Ltd, the only finance company belonging to the Richard Pieris group, opened its eighth branch in Kurunegala recently. The new branch of Richard Pieris Finance offers a wide-ranging portfolio of services, which includes fixed deposits, leasing, hire purchase, Islamic finance, savings, business loans and home loans. 

NDB Araliya provides life insurance

National Development Bank PLC (NDB) Araliya is a unique financial proposition that will focus on developing a woman’s life not only in terms of financial well-being but also in developing her skills, health and intellectuality whilst giving her the strength, security and confidence to realize aspirations in her journey of life. 

Insurance industry records 15.5% GWP growth in 3Q17

The insurance industry was able to achieve a growth of 15.53 percent (3Q 2016: 16.97 percent) in terms of overall gross written premium (GWP), at the end of the third quarter of 2017, recording an increase of Rs.15, 862 million when compared to the same period in the year 2016.

A year into OPEC’s production cuts, Asia’s oil markets have tightened

Just over a year into production cuts lead by OPEC and Russia, oil markets in Asia have tightened noticeably as significant amounts of excess crude have been taken off tankers used for storage and delivered to customers across 

The HR mantra that guides thriving companies

As a leader it is our job to focus on getting things done on time with acceptable quality and within the allocated budget.

Envisioning a path to a more inclusive, affordable Lankan healthcare system

Elaborating on the ramifications of the many changes happening in the local healthcare sector, Sri Lanka Chamber of Pharmaceutical Industries (SLCPI) Chairman Shyam Sathasivam called for greater partnership between the public and private sector stakeholders in order to preserve and enhance the country’s existing facilities while developing specialized capabilities to shift the goal of healthcare outcomes from treatment to 

Ceylon Guardian leads skills development programme for women in south

The Youth to Nation Foundation (YNF), the corporate social responsibility arm of Ceylon Guardian, conducted a workshop in Hambantota recently to impart training on manufacturing footwear.

Arpico Finance-SSC partner to construct a pavilion

Arpico Finance Company PLC (AFC) will put its mark on Sri Lanka’s most historic cricketing venue, the Sinhalese Sports Club (SSC), by sponsoring the construction of a pavilion that will have a 1,000 seat capacity spread over three levels.

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.