Imperial Spices receives NBE Gold and Silver awards

Imperial Spices, a leading exporter of spices was presented with the much coveted Gold awards for Excellence in Business and Financial Results and Export Sector (Large Category) and a Silver award in Large category at the National Business Excellence Awards Ceremony 2017 organised by the National Chamber of Commerce of Sri Lanka.

McLarens Containers awarded ISO 9001:2015 Quality Management System Certification

McLarens Containers (Pvt.) Ltd, its associate second facility, Multimodal Container Terminal Ltd, and the Repair and Fabrication Company, McLarens Container Refurbishers Ltd, were officially awarded ISO 9001:2015 Quality Management System Certification by DNV GL Country Manager Rakitha de Silva at a ceremony held on October 20th 2017.

Emirates and Dilmah celebrate 25 years of exclusive brewing

As Sri Lanka celebrated the 150th anniversary of Ceylon Tea in 2017, Emirates marked its 25 year partnership with Dilmah, the country’s premier tea brand.

CMA to conduct ‘Company Secretarial Practice’ workshop

The Institute of Certified Management Accountants of Sri Lanka (CMA) will conduct a workshop on ‘Company Secretarial Practice’ on January 25 and 26, 2018, from 9:00 a.m. to 4:30 p.m., at Renuka City Hotel, Colombo 3.

FairFirst Insurance partners NCE as strategic insurance partner

The National Chamber of Exporters of Sri Lanka (NCE), which is the only private sector Chamber which exclusively serves Sri Lankan exporters offers a range of services particularly to member exporters of export oriented enterprises, as well as the exporter community in general.

Will Sri Lanka be able to balance between China and India?

“It is for the people of Asia to run the affairs of Asia, solve the problems of Asia and uphold the security of Asia,” Chinese President Xi remarked at the 2014 Conference on Interaction and Confidence-Building Measures in Asia. 

Education Ministry signs MoU with SEC

The Education Ministry signed a memorandum of understanding (MoU) with the Securities and Exchange Commission of Sri Lanka (SEC) yesterday to formalise the provision of trilingual financial education among school teachers and students in Sri Lanka. 

NDB Home Loan approval in just three days

Building, renovating or buying one’s dream home or  land is overwhelming especially when it comes to the current market rate.

Institute of Bankers of Sri Lanka to hold 23rd Convocation tomorrow

The 23rd Convocation of the Institute of Bankers of Sri Lanka (IBSL) is to take place tomorrow, January 26th 2018, from 3:00p.m. onwards at BMICH.

Softlogic Life rewards loyal customer Rs.1 mn to shop at Odel

Bringing joy for Softlogic Life customers who made simple choices to colour their 2017, Sri Lanka’s fastest growing life insurer Softlogic Life successfully concluded a unique customer promotion recently.

DFCC Bank’s association with Fairway Galle Literary Festival creates a buzz

As the official banking partner for the Fairway Galle Literary Festival scheduled from 24th to 28th January 2018,

Changing the Landscape of HR in the Insurance Industry

A few decades ago, the ‘Personnel’ department, as it was once known, was somewhere employees would go to seek

Commercial Bank signs new Collective Agreements with Ceylon Bank Employees Union

The Commercial Bank of Ceylon PLC recently signed two three-year Collective Agreements with the Ceylon Bank Employees’ Union (CBEU) in furtherance of the bank’s commitment to uphold the principle of effective recognition of employee organisations and their right to collective bargaining.

HNB relocates Nawam Mawatha Customer Centre to spacious new location

In a strategic move to strive for excellence and deliver significant value in commercial and retail banking activity, Sri Lanka’s premiere private sector commercial bank, HNB PLC, officially opened its newly relocated Nawam Mawatha Customer Centre at No.10, Sri Uttarananda Mawatha (R.A. De Mel Mawatha), Colombo 03.

Imtiaz Iqbal joins Amana Bank as Operations Vice President

Imtiaz Iqbal, a well versed and experienced banker, has joined Amana Bank as its Operations Vice President.

Japan’s SBI Group opens liaison office in Colombo

Japanese financial conglomerate SBI Group in a bid to strengthen its presence in the Asian region opened a liaison office, Strategic Business Innovator Pvt. Ltd, in Colombo yesterday.

NDB Cash Management to provide quality services

NDB has always been a well-placed trusted adviser who understands and assists the financial challenges of its customers.

Sri Lanka-Singapore FTA: Gateway to integrate with advanced economies

The development policy of the government aims primarily at maximizing the economic benefits through integration into the global economy, attracting foreign direct investments (FDIs) in strategic sectors and improving export competitiveness. It is widely understood from the beginning that this requires policy, legal and institutional reforms in line with today’s global trends. One of the pillars of this strategy is establishing effective par

StanChart expects over 25bps rate hike this year

The Standard Chartered (StanChart) global research team yesterday said they are expecting an above 25 basis points (bps) hike in Sri Lankan policy interest rates this year to build a buffer for foreign exchange reserves, as the country’s external side vulnerabilities remain significantly high. Currently, the standing deposit facility rate (SDFR) stands at 7.25 percent and the standing len

Atlas acquisition will improve Hemas cash flow: Fitch

Diversified conglomerate Hemas Holdings PLC’s acquisition of stationary manufacturer Atlas Axillia (Private) Limited will improve the group’s defensive cash flow across economic cycles, ratings agency Fitch Ratings  said yesterday.

FinMin continues to consult banks on Debt Repayment Levy

The Finance Ministry is still consulting with banks to clearly identify transactions that would be liable for the Debt Repayment Levy which was introduced in the 2018 budget, a ministry advisor said.

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.