IFC to invest US $ 27mn in Melwa Hotels

The World Bank’s private equity arm, the International Finance Corporation (IFC), will be investing US $ 27 million in Melwa Hotels and Resorts Private Limited (MHRPL), which is developing Hilton properties in Sri Lanka.

Rupee ends flat in dull trade

REUTERS: The Sri Lankan rupee closed steady yesterday as year-end remittances and selling of the U.S. currency by exporters outweighed importer dollar demand, dealers said.

Lankans to benefit from Saudi Arabia’s economic diversification: envoy

As Saudi Arabia shifts its focus from being an oil production-dependent nation, opportunities will open up for Sri Lankan businesses, professionals and other skilled workers, according to Sri Lanka’s top diplomat in the Middle Eastern nation.

Morison and MSJ Industries to amalgamate

Pharmaceutical manufacturer Morison PLC yesterday said that its subsidiary MSJ Industries (Ceylon) (Private) Limited would be amalgamated into the parent company. In a disclosure to the Colombo Stock Exchange, Morison said that the amalgamation would take effect on the day the company registrar issues the Amalgamation 

When people get spun by internet rumors

Many stories doing the rounds on the internet a few weeks ago said the beginning of the end for the current regime is underway.

Why a reliable power supply is an essential

The importance for a country of having reliable power supply cannot be over-emphasised. Energy supports industrialisation, especially through small and medium-sized enterprises that are crucial to sustaining poverty reduction. Energy also gives people living in rural areas more livelihood opportunities.

Can shippers benefit from liberalisation through low freight rates?

Reading a few articles written last few weeks on how liberalisation will bring down the freight rates benefiting exporter, I was rather surprised of the little knowledge the authors of these articles possess about shipping and logistics.

Singer Sri Lanka inks partnership with Pan Asia Bank

Singer Sri Lanka, the largest consumer goods retailer in the country, has joined hands with Pan Asia Bank, the fastest growing commercial bank in the island, to offer their customers added convenience.  The users of Pan Asia Bank credit cards are now able to pay their credit card bills at all Singer outlets. 

RDB Bank relocates Bandarawela branch

Regional Development Bank (RDB), the premier and fastest growing state-owned development bank in the island, relocated its Bandarawela branch to a more spacious and conveniently accessible location at No: 76, Dharmavijaya Mawatha, Bandarawela, in a bid to provide a better and modern service experience to the customers in the area.

Seylan Bank selects winners of Internet banking promotion

In order to promote the use of Internet banking at all islandwide branches, Seylan Bank organised a special draw themed ‘Prizes and Surprises with Seylan Internet Banking’ during the months of May, June and July 2017. 

NDB mobile banking Christmas bonanza at Arpico Hyde Park Corner

As Christmas approaches, National Development Bank PLC (NDB) offers customers new and improved ways to save both time and money. 

Visa announces suite of sensory branding

Visa recently announced a suite of sensory branding that will support the Visa brand in an expanded universe of connected, payment-enabled devices.

NTB-powered FriMi wins at Infosys Client Innovation Awards

FriMi, the digital bank and lifestyle partner powered by Nations Trust Bank (NTB), has won the award for Emerging Technologies-Led Innovation at the recently concluded Infosys Client Innovation Awards, held in Mysore, India. 

Maga wins Best Corporate Citizen Award for Environmental Integration

Sri Lanka’s leading construction firm Maga Engineering received recognition for its pioneering efforts in the field of environmental integration at the Best Corporate Citizens Sustainability Awards (BCCSA) 2017 organised by The Ceylon Chamber of Commerce. The company was also adjudged one of the ten best corporate citizens  in Sri Lanka.

Browns wins big at 53rd Annual Report Awards

Brown and Company PLC (Browns) walked away with the Silver award in the Trading companies category at the 53rd Annual Report Awards competition organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) on December 5th 2017 at the Bandaranaike Memorial International Conference Hall.

Colonial Motors launches all-new Mazda CX-9

Colonial Motors (Ceylon) Ltd Managing Director Mohan Ratnayake (left), the Mazda CX-9 SUV first customer in Sri Lanka Ruvantha Jayasinghe (centre) and his family at the launch of the Mazda CX-9

Opportunity to invest in world’s most expensive raw material

The hope of getting an attractive return is what propels most individuals to choose from the wide array of investment choices available today.

wOw.lk offers pre-order discounts for Nikai 65” UHD Smart TV

Sri Lanka’s largest online shopping mall, wOw.lk is now giving its customers the chance to pre-order the Nikai 65-inch TV, an Ultra HD smart television that offers a seamless and vibrant viewing experience.

Politics flare up at economic forum

Emotions ran high at the seminar on ‘Sri Lankan Economy: Future Policy Direction’ organised by the Sri Lanka Economic Association (SLEA), with those of differing political economic leanings finding it difficult to find common ground.

Up to 60% with DFCC Bank’s Vardhana Virtual Wallet

The Christmas season just got a whole lot more interesting with an exciting seasonal offer from DFCC Bank! Vardhana Virtual Wallet

Amãna Bank makes another contribution to the Kalubowila Hospital

As part of its CSR focus towards Children, Amãna Bank has made another contribution to the Children’s Ward

DFCC Bank rewards employees for excellence

DFCC Bank held its ‘Rewarding Excellence’ Quarterly Human Resource (HR) Awards recently amidst a strong mood of fellowship

Amãna Takaful relocates its Matale branch

Amãna Takaful PLC (ATL) the only fully-fledged Takaful operator in the country and the flag bearer of the Takaful way of insurance in

A List of the Season’s Favorites from Cool Kidz

The 2017 holiday season is upon us. The time of the year when we are all looking to indulge our loved ones and ourselves

Sampath Bank Rewards Grade 5 Scholarship Top Performers

Sampath Bank gave away special rewards to 25 students who had excelled in the Grade 5 Scholarship examination

Rupee ends firmer on remittances

REUTERS: The Sri Lankan rupee closed firmer yesterday helped by year-end remittances and selling of the US currency by exporters, dealers said. The spot rupee ended at 153.00/10 per dollar, compared with Friday’s close of 153.05/10.

Victims affected by incremental weather receive new roofing sheets

The Hill Country, New Villages, Infrastructure and Community Development Ministry in collaboration with the Plantation Human Development Trust, Hatton, issued new roofing sheets to the victims who were affected by the incremental weather experienced on November 29 and 30, 2017.

Habitat for Humanity marks World Habitat Day

Habitat for Humanity Sri Lanka marked the World Habitat Day with a month-long string of activities to build houses and raise awareness for affordable homes. “In keeping with the United Nations’ theme for World Habitat Day 2017 of ‘Housing Policies: Affordable Homes’, Habitat for Humanity Sri Lanka conducted events in October to bring attention to the use of alternative construction materials and technologies in constructin

Vision for new era for China and world: Analysis of CPC congress outcome

The 19th CPC Congress which expounded the theme of socialism with Chinese characteristics declared that its foundation is based on Marxism-Leninism, Mao Zedong Thought, Deng Xiaoping Theory as well as Xi Jinping’s Thoughts on Socialism with Chinese Characteristics for a New Era.

Will the resurrected TPP be ratified?

On the sidelines of the APEC Summit in Vietnam, 11 countries on the Pacific Rim decided to go ahead with the Trans-Pacific Partnership (TPP) despite the US withdrawal.