SL cautioned of rate and currency shocks as they ready for next eurobond

As Sri Lanka readies for its next sovereign debt issuance and the first in 2018, Moody’s Investors Service (Moody’s) has sent warning signals amid further rate hike expectations in developed economies, as the country relies heavily on foreign debt and a sizeable section of the debt consisting of foreign currency.

Keells Foods beat challenging operating conditions to record profits in two years

Keells Foods Products PLC (KFP) reported a growth in third quarter earnings for the first time in two years as the giant in the processed meat industry appears to have weathered the market headwinds but the earnings still remain below 3Q16.      

Pathfinder to co-host one-day confab

The Pathfinder Foundation together with Carnegie India and an Australian delegation led by the National Security College at the Australian National University will co-host a one-day trilateral conference titled ‘Colombo Dialogue: Emerging Dialogue in the Indian Ocean - Regional Cooperation on Maritime Domain Awareness’ tomorrow at Cinnamon Grand, Colombo. The Dialogue will be sponsored by the Australian High Commission.

Saudi to build 9 desalination plants on Red Sea

REUTERS: Saudi Arabia plans to build nine desalination plants for more than 2 billion riyals (US $530 million) on the Red Sea coast, its environment minister said yesterday.

Crysbro Sisu Diriya assists and appreciates children of employees with school supplies

In keeping with the company’s vision to ensure the welfare and wellbeing of employees and their family members, Crysbro recently concluded another successful installment of its ‘Sisu Diriya’ programme; a CSR initiative that appreciates children of employees by distributing school supplies for the new school year and recognises their various talents.

PickMe rewards top-performing drivers’ children with school supplies

In keeping with their commitment to ensure welfare and wellbeing of the company’s pool of drivers and their families, Sri Lanka’s fastest growing tech start-up PickMe recently handed over school supplies to children of their top-performing drivers for the new school year through a CSR initiative called  ‘Nena Pahana’.

Bairaha supports leading sports activities to bolster CSR efforts

Bairaha, with its commitment to support activities relating to sports came forward to sponsor the recently held softball cricket tournament of City Traffic Police whilst co-sponsoring the D.S Senanayake College Rugby Team.

NDB Pancha Mama visits Katana Pre-school

Every parent aspires to give their children the best in life – be it their education, values and morals or a plan for their future, to ensure their children are geared to succeed in life.

Allianz Lanka rewards Grade-5 Scholarship toppers with Sisu Diriya scholarships

Allianz Lanka awarded scholarships to students who had excelled in the Grade-five scholarship examination under the Allianz Sisu Diriya scholarship programme for the third consecutive year.

Abans assists over 1000 employees’ children with school supplies

The Abans Welfare Society recently conducted the seventh annual school supply CSR initiative at its Kadolkale Warehouse in Seeduwa, where over 1000 children of the Abans Group Staff were presented with all their requirements for the new school year.

Eden Resort and Spa wins big at NBEA 2017

The Eden Resort and Spa has done it again by winning another Gold Award at the National Business Excellence Awards (NBEA) 2017, making it three years in a row as the best in the Hospitality and Tourism Sector category.

Findmyfare partners Contiki to offer exciting deals for young adventurers

Sri Lanka’s largest online travel company Findmyfare has partnered with Contiki, the original travel company for young, wild and free, to offer an array of adventures for Sri Lankan youth.

MillionSpaces redefines event spaces booking experience

MillionSpaces, a marketplace where guests can discover, pay and book unique spaces online, was recently launched by the Silicon Valley based technology solutions firm, Auxenta.

Launch of Bahrain Tourist Visa and Holiday services

Mack Air, General Sales Agent of Gulf Air, in partnership with Visit Bahrain, Bahrain’s largest destination management company, launched Bahrain Tourist Visa and Holiday services available at the Gulf Air office.

First integrated Maldivian resort seeks Sri Lankan participation

Singha Estate PLC, a leading Thai real estate developer, launched Maldives’ first integrated resort, a travel destination mega project in Emboodhoo Lagoon, titled ‘Crossroads’ recently.

Emirates SkyCargo wraps up 2017 on a positive note

Emirates SkyCargo, the freight division of Emirates, completed a year of strong growth in 2017.

Ravi Abeysuriya appointed to HNB Insurance board

Ravi Abeysuriya has been appointed as an Independent Non-Executive Director of HNB Insurance PLC with effect from January 1, 2018, subject to the approval of the Insurance Regulatory Commission of Sri Lanka.

State Bank of India joins LankaPay Common ATM Network

In light of its current expansion strategy, State Bank of India (SBI) Sri Lanka branch recently joined LankaPay Common ATM Network taking a leap towards enhancing customer convenience.  

India sends tax notices to cryptocurrency investors as trading hits US $ 3.5bn

REUTERS: India has sent tax notices to tens of thousands of people dealing in cryptocurrency after a nationwide survey showed more than US $ 3.5 billion worth of transactions have been conducted over a 17-month period, the income tax department said.

Keys to Successful Investing and Portfolio Management

At its core, investing in the stock market is a simple activity. That doesn’t mean it is easy, just that the behaviour necessary for success are fairly straightforward. By reminding yourself of what they are and always keeping them in the back of your mind, you can improve your odds of reaching financial independence as you amass a collection of assets that throw off passive income.

CIM Sri Lanka to hold first Talking Point programme for the year

The Chartered Institute of Marketing Sri Lanka (CIM Sri Lanka) will be hosting its first Talking Point programme for this year under the theme ‘Ten emerging trends that will shape business in 2018’, on January 29, 2018, at Union Ballroom, Hilton Colombo Residences, from 6:00 p.m. onwards. 

Tata Group awards India communications mandate to Adfactors PR

Mumbai-based salt-to-software conglomerate, the US $ 100 billion Tata group, has awarded the mandate to manage its public relations and communications requirements across India to Adfactors PR, India’s largest public relations firm. Adfactors PR Lanka is a fully-owned subsidiary of Adfactors PR.

Interbrand announces new Global Chief Executive Officer

Interbrand, the world’s largest and most influential brand consultancy, has announced Charles Trevail as its new global Chief Executive Officer, effective January 1, 2018. 

Talent wins league games but teamwork and smart intelligence win final championship

The higher management of your company appoints you to lead the project team. You will be working on different projects depending on the circumstance. For example, your team could be at a trade show one day developing sales leads and be back at work the next day working on a new product introdu

NCE re-elects Ramal Jasinghe as President for 2018

The National Chamber of Exporters of Sri Lanka (NCE) conducted the 23rd Annual General Meeting (AGM) of the chamber at Galadari Hotel recently. Ramal Jasinghe was re-elected as President of the NCE for 2018, for a second term, in terms of the constitution of the chamber.  

ACCA launches new Ethics and Professional Skills module

The Association of Chartered Certified Accountants  (ACCA) launched a new approach to ethics in its latest innovation to the top level of the qualification. ACCA launched this new Ethics and Professional Skills module in Sri Lanka recently, at Water’s Edge Colombo. 

CCC launches ‘Economic + Sector Review and Outlook Report 2018’

The ‘Economic + Sector Review and Outlook Report 2018’, produced by the Economic Intelligence Unit of the Ceylon Chamber of Commerce, highlights the outlook of key macroeconomic indicators, trends and policies affecting the business environment and high-level views on the performance of the key economic sectors.

StanChart Global Research Brief Colombo edition tomorrow

The Colombo edition of the Global Research Brief of Standard Chartered will be held tomorrow. The event will feature an expert panel of economists and strategists from across the world covering a range of global and local topics including a global economic outlook, Europe outlook and Sri Lanka outlook for 2018.  This event forms a part of a series of Global Research Briefing events held across the Standard Chartered footprint in 2018. 

Hela Clothing ships one millionth garment from Ethiopia

Hela Clothing, one of Sri Lanka’s leading global apparel solutions provider recently produced and shipped their one millionth garment from their factory in Ethiopia. 

US to overtake Saudi as crude oil producer: IEA

AFP: The United States are set to overtake Saudi Arabia as the world’s number two oil producer after Russia this year, as shale companies, attracted by rising prices, ramp up drilling, the International Energy Agency said yesterday.