CB documentaries to educate farmers on microcredit

The Central Bank of Sri Lanka will be filming two documentary dramas (docudramas) which are aimed to create public awareness on the issues related to microcredit, which has so far resulted in a number of suicides in rural areas.

France drops 2025 World Expo bid over cash worries

AFP: France has withdrawn its bid for Paris to host the 2025 World Expo citing financial risks as the country gears up to organise both the Olympics and Rugby World Cup.

Broad trade and investment plan to follow SL-S’pore FTA

In the post-free trade agreement (FTA) era, the Sri Lankan and Singaporean governments now have to create a comprehensive trade and investment plan in a collaborative manner to boost bilateral commerce, according the Singaporean Minister for Trade and Industry (Industry) S. Iswaran.

Gulf Air’s on time punctuality garners top ranking in 2017

Gulf Air, the Kingdom of Bahrain’s national carrier, has been independently ranked by the UK aviation analysts OAG the third most punctual airline in 2017, amongst the Middle East and African airlines, with an average on-time performance (OTP) of 80.22 percent. 

Arabic Food Festival at Heritance Negombo

Bringing authentic flavours of exotic Arabic cuisine to the town of Negombo, Aitken Spence Hotel’s five-star property, Heritance Negombo, will unravel two days of gastronomic excellence end this month, laced with aromatic spices of the East.

Cruising the islands of Jaffna

An azure sea stretches into the distance and meets the blue sky at the horizon. It is a bright morning with a few white clouds above. The modern four-cabin cruiser sails along so smoothly that the welcome drink on the table on deck remains almost still. 

Ruhunu Hospital life membership offers greater benefits for customers

Ruhunu Hospital (Pvt.) Ltd is offering membership to its customers to enjoy greater benefits.

Balasooriya Hospital receives Gold at National Business Excellence Awards

The Chairman of Balasooriya Private Hospital Priyanthalal Balasooriya received the Gold Award in healthcare related category at the National Business Excellence Awards 2017 organized by the National Chamber of Commerce. 

Health checks at Durdans Hospital help detect diseases at early stage

Health checks done regularly can help identify risk factors before they evolve into an illness or detect diseases at an  early stage. 

Asia Pacific office property markets to stay strong in 2018

The Financial: Asia Pacific’s office property markets are expected to stay strong in 2018, driven by healthy levels in office occupancy and rent growth as new supply peaks during the year, according to Cushman and Wakefield’s 2018 Asia Pacific Forecast.

Lavanka Property Developers wins Shramabhimanee Business Excellence Award

Lavanka Property Developers won the Shramabhimanee Business Excellence Award 2017 at the recently concluded ceremony held at the BMICH. This award ceremony is organised once a year to reward business and social community who serve the betterment of 

Speed Land expands Speed City concept to Kurunegala

Speed Land (Pvt.) Ltd, a leading company in the real estate sector in Sri Lanka, launched its three latest housing development projects under the ‘Speed City’ concept at Kurunegala recently.

EliSh to begin development of second flagship project

EliSh Development (Pvt.) Ltd of The Flemington fame is all set to begin construction on its next flagship project, The Flemington 103 Campbell, a condominium complex built to the highest international specifications, with an emphasis on 21st century urban family life.

Do we have a healthy doctor-patient ratio?

An Internet search on a website called ‘bigthink.com’ gives a patient per doctor map of the world, where the topmost country listed is Cuba, with a ratio of 170 patients per doctor. Belarus and Belgium come a close second with 220, while Greece and Russia are at 230.  

Clean energy predictions for 2018 – and why I was wrong about 2017

2018 has already been unofficially declared as the year of the electric car. The next 12 months are likely to bring us closer to the dawn of a new era of renewable energy, when electric batteries will power many of the world’s cars, homes and indeed entire communities.

The Evolving Landscape of Start-Ups In Sri Lanka

Today Sri Lanka is steadily positioning herself as a regional economic hub, thanks to the revitalization of foreign

DFCC Bank in association with the National Eye Bank for a EYE donation campaign

DFCC Bank became the first bank in Sri Lanka to partner with the National Eye Bank (NEB) in conducting

Cold Stores Dec. net down 32% as beverage segment slows

Ceylon Cold Stores PLC, a unit of the John Keells group, which has interests in soft drinks, ice creams and supermarkets, saw a significant fall in its December quarter earnings amid higher sales costs, the interim accounts released to the Colombo bourse showed.

Shares drop in dull trade; banks top drag

REUTERS: Sri Lankan shares declined yesterday, marking their eighth session of fall in nine, as investors sold banking stocks in dull trade. The Colombo Stock index ended 0.34 percent weaker at 6,421.40. On Thursday, it closed at its lowest since December 29.

Cinnamon Lakeside owner’s December profits halved

Trans Asia Hotels PLC saw its earnings halved during the December quarter compared with the corresponding quarter of the previous year amid lower top line gains, the interim financial accounts released to the Colombo Stock Exchange showed.

Rupee slips on importer dollar demand

REUTERS: The Sri Lankan rupee closed slightly weaker yesterday as dollar demand from importers and banks surpassed mild selling of the US currency by exporters, dealers said.

SL’s Credence Genomics to provide diagnostic services in India with Apollo Hospitals

Sri Lanka’s Credence Genomics will collaborate with India’s Apollo Hospitals Group to provide cutting-edge diagnostic services for infectious diseases for patients in India, starting with Chennai, Tamil Nadu.

New twist to Sri Lanka’s impending power crisis

Striking a heavy blow to the aspirations of the Ceylon Electricity Board (CEB) engineers to include coal in Sri Lanka’s future power generation mix, their peers working at the Norochcholai coal power plant have in a petition noted that fly ash from the plant is becoming an unbearable health hazard for the power plant’s employees and nearby villages. 

Entrepreneurship and export drive to take centre stage in OBG report

Sri Lanka’s plans to nurture small and medium-sized enterprises, as part of its longer-term bid to achieve upper-middle-income status, will be explored in a report due out in the coming months by the global research and consultancy firm Oxford Business Group (OBG).

Tea Board chief to address supply chain forum

The recent developments in the supply chain of Ceylon Tea was an eye opener for the local tea industry. 

LVS launches Youth Social Enterprise Programme

According to a World Bank report titled ‘The challenge of youth employment in Sri Lanka’ educated young people make up a third of Sri Lanka’s unemployed, while young workers in informal employment account for a third of the total workforce. 

Looming LPG price crisis amidst upward trend in global market

A permanent shift in the international prices of liquefied petroleum gas (LPG) has been taking place during the past few months fuelled mainly by the price fluctuations of the Saudi Aramco contract price (CP) of LPG. The Saudi Armaco CP is the key global benchmark of LPG price regulations in Arabian Gulf and Asian region and by February 2017, the CP price rose by 20 percent in comparison to the price range recorded in the previous month. 

How can economists contribute to business strategy?

The traditional role played by economists is restricted to forecasting economic issues, outlining the ways in which they can be economically tackled and finally contributing towards economic policy-making. Hence, one can criticize that economists play an advisory role rather than actively contributing to the production process in the economy. 

Inmark Eco Solutions introduces Nano Shield to Sri Lankan market

Staying indoors to stay away from soaring heat can be always tricky when there is less protection from sunlight, ultraviolet (UV) and infrared rays (IRs). However, the perfect solution for that has already hit the Lankan market. 

Scan Jumbo Peanuts concludes Jumbo Bonanza

Following the tremendous success of the Scan Jumbo Peanut ‘Cycle Wassa’ promotion over the past 3 years, the Scan Products Division of C.W. Mackie PLC decided to go a step further by introducing the Scan Jumbo Bonanza Consumer Promotion.