Lanka Rubber Global Consortium inaugurated

The rubber product sector has been identified as a trust industry, which has a potential to contribute markedly to the export revenue and establish a reputation for quality and reliability. Sri Lanka produces a wide variety of value-added rubber products from both latex and dry rubber such as solid tyres, latex gloves, rubber bands, extrusions, beadings, mats, miscellaneous sports goods, etc. by processing raw rubber for export.

Seylan Bank celebrates Thai Pongal

Seylan Bank celebrated the festival of Thai Pongal at their head office recently.  A special religious ceremony was held to invoke blessings on staff and to mark this special occasion. The corporate and executive management together with the staff and a large gathering of customers of Seylan Bank were present at this occasion. 

MullenLowe, Quantum to reveal top 10 consumer trends for 2018

Leading integrated communications agency MullenLowe Sri Lanka and premier consumer behaviour specialists company Quantum Consumer Services are set to present a list of key consumer trends that marketers should look out for in 2018 at the CIM ‘Talking Point’ forum to be held on January 29th at the Hilton Colombo Residences (JAIC Hilton).

CA Sri Lanka scholarships for high achievers at 2017 GCE A/Ls

The top three achievers in the commerce stream at the 2017 GCE Advanced Level exam were recently awarded with scholarships from the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) to kick start their professional journey as globally sought after Chartered Accountants.

Shipping agents optimistic about use of LNG in shipping industry

Ocean shipping is essential for global trade. Trade is expected to increase significantly consequent to global population and income level increases. Concurrently, the shipping industry will need to expand and continue to strive for greater efficiencies to cater to this growing demand and to create cleaner maritime shipping by 2020.

Apparel export earnings to shoot over US $ 4.7bn in 2017

Sri Lanka is expecting in excess of US $ 4.7 billion in apparel exports in 2017, as the 2017 cumulative exports up to November have already passed the full-year earnings figure in 2016, the country’s Industry and Commerce Minister said.

ComBank achieves another first on LankaPay network

The Commercial Bank of Ceylon has announced that it has enabled its entire automated teller machine (ATM) network to acquire and process ATM transactions through the EMV (Europay, Mastercard and Visa) integrated circuit, becoming the first ATM Network to be fully EMV compliant in Sri Lanka.  

Pan Asia Bank offers higher rate for 4-month fixed deposits

Pan Asia Bank has come out with a short-term fixed deposit promotion which offers a higher annual effective rate of 12.57 percent on 4 month fixed deposits. (Nominal rate 12.08 percent p.a.). Further there is no limitation to the amount one can invest.

SAITM issue: The cat and bell syndrome

From what we have seen reported in the newspapers over the weekend, it looks like  government doctors are planning another strike, which will inconvenience the common man needing and seeking medical attention in government hospitals. 

Arpico Insurance provides insurance for living

Arpico Insurance PLC was incorporated as a Public Limited Company in 2011, and received the license as a Life Insurer in the same year by the Insurance Board of Sri Lanka primarily providing life insurances.

MillionSpaces – booking event spaces, redefined

MillionSpaces, a marketplace where guests can discover, pay and book unique spaces online, was recently launched

Mohamed Riyal Appointed CEO of Serendib Flour Mills

One of the leading flour mills in Sri Lanka, Serendib Flour Mills, proudly welcomes New CEO Mohamed Riyal

Extending term of parliament and abolition of presidential system: New scenario

As we all know, President Maithripala Sirisena has sought the opinion of the Supreme Court that whether he, as the person elected on January 9, 2015, has any impediment to continue in the office of President for a period of six years. In terms of Article 30(2) of the 19th Amendment, the president will hold office for a term of five years.  

Shortage of real leaders

Our world looks in vain for strong leadership. Politicians and religious leaders no longer seem to offer it.

You may have heard data is the new oil. It’s not

We’ve seen it used numerous times, from the cover of prominent publications to speeches by Fortune 500 CEOs and world leaders: “data is the new oil”.

RPCs restored and revived government-subsidized plantation industry

We refer to the article that appeared in Mirror Business under ‘Performance of RPCs: Facts or Fiction’ by Lalin I. De Silva.

Talawakelle Tea Estates honoured again at Presidential Environmental Awards

Hayleys PLC-owned Talawakelle Tea Estates PLC (TTEL) continued its winning streak at the prestigious Presidential Environmental Awards, after the plantation company won four awards for its continued contribution towards promoting green practices and environmental sustainability. 

Serene Pavilions wins Luxury Boutique Hotel Award

Serene Pavilions made Sri Lanka proud with their prestigious double win at the recently held World Luxury Hotel Awards 2017 ceremony in Switzerland. 

RCL commences Colombo-Tuticorin new feeder service at JCT

Regional Container Line (RCL) commenced a new twice weekly feeder service connecting Colombo with Tuticorin, the second largest port in Tamil Nadu state, India. 

Emirates makes new destinations more attractive to Lankan travelers this year

Emirates is making it even more attractive for travellers from Sri Lanka to enjoy new destinations and experiences in 2018. 

London and Hong Kong next destinations for SIA’s new A380 cabin products

Singapore Airlines (SIA) announced that London and Hong Kong will be the next destinations to be served by its newest Airbus A380 aircraft, featuring the Airline’s recently unveiled new cabin products. Starting 16 February 2018, the aircraft will operate as SQ322 (Singapore-London) on Wednesdays, Fridays and Sundays. From 17 February 2018 to 5 April 2018, it will operate as SQ305 (London-Singapore). With effect from 7 April 2018, the new ai

Everest Group Recognizes Virtusa as a Major Contender in its PEAK Matrix

Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that accelerate

Sampath Bank hosts seminars to share knowledge on int’l trade

Continuing to support businesses around the nation, Sampath Bank, one of the leading commercial banks in the country, hosted over 100 representatives of Small and Medium Enterprises (SMEs) at the second edition of the bank’s ‘Obe Diyunuwata Ape Maga Penweema’ interactive seminars on imports and exports in Galle recently.

Boosting SMEs role in exports vital: Eran

Sri Lanka’s plans to increase the contribution made by smaller-scale businesses to exports and lift foreign direct investment (FDI) in 2018 were both topics of conversation at a meeting held recently between State Minister of Finance Eran Wickramaratne and a team from Oxford Business Group (OBG).

EDEX Expo 2018 to kick off this Friday at BMICH

Sri Lanka’s largest education exhibition and job fair, EDEX Expo will be held from January 19th to 21st 2018 at BMICH Colombo.

Sri Lanka to participate in world’s largest consumer goods show Ambiente

Ambiente is the world’s biggest and most international association of trade fairs for the consumer-goods industry and with a clear target-group specific structure within the dining, giving, living and sourcing.

Pathfinder takes part in int’l conference in Shanghai, China

The Center for South Asian Studies at Fudan University, under the leadership of Professor Zhang Jiadong conducted the second annual academic conference on ‘The International Conference on Regional Security of Indian Ocean’ recently.

AIA Real Rewards, over 7,000 winners this year

AIA Insurance has taken customer rewards to a new level with the re-launch of AIA Real Reward. With over 7,000 winners for the year, the rewards programme offers more benefits to the customer, while placing AIA even higher on the scale of superlative 

People’s Leasing recognised for responsible corporate citizenship

People’s Leasing and Finance (PLC) was recognised as one of the Best Ten Corporate Citizens at the Best Corporate Citizen Sustainability Awards 2017, presented by the premier trade chamber in the country, the Ceylon Chamber of Commerce.

HNB Al Najaah scoops three awards at Islamic Finance Forum

Hatton National Bank’s Islamic Banking product, Al Najaah won three accolades at the recently concluded Islamic Finance Forum, South Asia (IFFSA) awards night, competing against Islamic Banking giants from Pakistan, Kuwait, Bangladesh and Maldives.