SriLankan Chairman says salaries of top mgt cannot be disclosed due to “personal nature”

SriLankan Airlines Chairman Ajith Dias says the remunerations and benefits enjoyed by the airline’s top management cannot be disclosed due to their “personal nature” and assured that the salary bill of the senior management amounts to less than 1 percent of the total wage cost of the company. 

Beetle in a teacup or more than that?

Russia placing temporary import restrictions on tea and other agriculture products from Sri Lanka, according to top government sources, appears to be a ‘tit-for-tat’ reaction to the island nation’s move towards banning chrysotile asbestos, a key export product of the largest country in the world. 

SL secures US $ 270mn ADB loan for roads, water supply

Sri Lankan government has entered into three loan agreements worth of US $ 270 million with the Asian Development Bank (ADB) for the implementation of two projects— Integrated Road Investment Programme and Jaffna Kilinochchi Water Supply Project. 

CBSL wants public to adhere to ‘Clean Note Policy’

The Central Bank of Sri Lanka (CBSL) has drawn attention of the general public for implementation of its Clean Note Policy and regulation on the willfully mutilation, alteration or defacement of Sri Lanka currency notes. 

Asian markets down after Wall Street slips on tax reform fears

AFP: Asian markets mostly fell yesterday following a sell-off on Wall Street as traders fear US lawmakers will fail to pass much-vaunted tax cuts. Tokyo’s Nikkei was among the biggest losers, even with data showing Japanese business confidence at an 11-year high, while the euro struggled to recover from a disappointing European Central Bank meeting.

Dalai Lama turns to iPhone to spread app-iness

AFP: He already has millions of Twitter followers and has spoken of the wonders of new technology. Now the Dalai Lama has launched a new iPhone app so devotees can keep track of his travels and teachings.

President addresses gem industry problems

The representatives of Sri Lanka’s gem industry Wednesday met with President Maithripala Sirisena at the Presidential Secretariat to discuss the problems they face in their work and seek redress. 

Malik discusses ongoing initiatives with WB officials

Minister of Development Strategies and International Trade Malik Samarawickrama met with Esperanza Lasagabaster, a senior official of the World Bank to discuss the ongoing initiatives being undertaken by the Ministry with the support of the World Bank with regard to trade, competitiveness and innovation. 

SL plays down Russian tea ban; says insect detection an isolated incident

The Sri Lanka Tea Board said yesterday that the detection of an insect which led to the temporary ban of Ceylon Tea imports into Russia may have been an isolated incident, and that Plantation Industries Minister Navin Dissanayake would visit Russia to clear the situation.

Zigzag launches flagship store in Colombo

Zigzag, the iconic online clothing brand loved by discerning fashion enthusiasts in Sri Lanka for its effortlessly cool and chic approach to style, opened its first exclusive store in Colombo. 

‘The Singing Christmas Tree’ comes alive once again at MLH

‘The Singing Christmas Tree’ at Mount Lavinia Hotel (MLH) will come alive this year from December 15 to 22, adding to the line-up of events at the colonial heritage hotel. 

SriLankan Airlines staff organises ‘Christmas on Wings’

It is that time of year again, when SriLankan Airlines’ Christmas carols service – ‘Christmas on Wings’ - spreads its warmth and fills the air with Christmas cheer.  Being held for the 34th consecutive year, Christmas on Wings comprises talented voices from amongst the airline staff and their families, who come together for this charming performance regardless of religion or ethnicity. 

The Lover and Teen Girl offer a bunch of discounts

The Lover and Teen Girl, bringing you the latest fashions of the changing world, offer you a collection of special discounts and gifts. 

Spa Ceylon introduces Under-Sea Paradise Festive Collection

Spa Ceylon – the world’s largest luxury Ayurveda chain, has taken inspiration from the beauty and diversity of the marine paradise surrounding the island to create a beautiful range of limited edition gifts for the year-end festive season.

DSI Supersport launches ‘Super Thegi Waare’ promo

DSI Supersport, Sri Lanka’s number one school footwear, announced the launch of ‘Super Thegi Waare’ – a great prize draw competition for school children. Participants stand a chance to win 200 mountain bikes, 100 tabs and 1000 smart watches by entering the draw. In order to enter the competition, customers should tear off the part with the barcode in the Supersport shoe box they purchase, write the name, address and teleph

DFCC Bank sponsors 2017 Inter-School Golf Tournament

DFCC Bank has recently agreed to take up the joint title sponsorship of the 2017 Inter School Golf Tournament, conducted by the Royal Colombo Golf Club (RCGC). The memorandum of understanding (MoU) for the sponsorship was recently signed between DFCC Bank and the RCGC. “The RCGC inter-school golf tournament is one of the premier golfing events in Sri Lanka and DFCC Bank is proud to be sponsoring this event,” said DFCC Bank CEO Lakshma

Chutiduwa Livestock Company introduces fresh series of farm products this season

Chutiduwa Livestock Company, being a pioneer in farm products, is ready to supply a series of nutritious farm products with special discounts in this festival season. This would be a great opportunity for those individuals, hotels and caterers who wish to prepare different types of European foods in this festival season.

SLTC to host Int’l Symposium on Industrial Systems

The Sri Lanka Technological Campus (SLTC) will be hosting its first-ever International Symposium on Industrial Systems (InSys) on December 18, at the SLTC in Padukka.

Athukorala Group wins at National Tea Awards

Athukorala Group Chairman Anura Athukorala was awarded at the recently concluded National Tea Awards, held at the Nelum Pokuna auditorium, organised by the Plantation Ministry and National Tea Board. 

Velvet ‘Susidinu Lovai – Thagi Mavai’ promo mobile truck creates excitement in towns

Velvet, Sri Lanka’s leading beauty soap brand, launched ‘Velvet Susidinu Lovai – Thagi Mavai’, a novel promotion in spectacular style recently.

Central Bank’s FIU enters into MoU with Sri Lanka Police

In terms of the provisions of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), the Financial Intelligence Unit (FIU) of Sri Lanka entered into a Memorandum of Understanding (MOU) with Sri Lanka Police on December 13, at the Central Bank of Sri Lanka to share information, intelligence in order to facilitate investigations and prosecutions on money laundering, terrorist financing and other related offences.

Sri Lanka Junior Boys’& Girls’ Champions 2017

The Sri Lanka Junior Boys & Girls Golf Championship 2017, sponsored by PRIMA SUNRISE BREAD for the past 10 consecutive year

Aquafina – DFCC, RCGC Inter-school Golf Championship organized by DONS Golf

The RCGC Inter-school Golf Championship organized by DONS Golf, will tee off on 16th December 2017 at the Roya

CH17 partners 99RetailStreet to provide affordable loyalty for small scale businesses

Targeting 80 percent of the retail business including the traditional and popular ‘Sillara Kade’ boutique, CH17 in collaboration with 99RetailStreet (Brand name of Aequm PTE Ltd, a Singapore based entity that enables small retailers in Sri Lanka to compete with modern trade) is bringing customer loyalty to the SME segment, both in FMCG and pharmaceutical sector.

IESL-UTE Engineering Raspberry Pi Challenge showcases next-gen innovators

The IESL-UTE Engineering Raspberry Pi Challenge 2017, organised by UTE Engineering division of United Tractor and Equipment (Pvt.) Ltd, Sri Lanka’s leading engineering solution’s company and the Institution of Engineers Sri Lanka, (IESL), the nation’s apex body for professional engineers, concluded recently showcasing thriving talent of local undergraduates and school students.

Philips Lighting Sri Lanka launches first ever retailer loyalty scheme

Philips Lighting, the world leader in lighting, announced the launch of its first ever retailer loyalty scheme in Sri Lanka called ‘Royal’ at an event held at the Taj Samudra Hotel in Colombo recently.

Nestle sweeps board at Best Corporate Citizen Sustainability Awards 2017

Nestle swept the board at the prestigious Best Corporate Citizen Sustainability Awards 2017, winning one of the highest number of awards at  the event.

State Christmas Festival 2017 to be held in Trincomalee

The State Christmas Festival 2017 will take place on December 16th at the Hindu Cultural Center in Trincomalee.

BOC grabs Gold at 53rd Annual Report Awards

The Bank of Ceylon’s 2016 Annual Report won the Gold award for the state bank category at the 53rd Annual Report Awards by Chartered Accountants (CA) of Sri Lanka.

CICRA speaks on cyber security at NHRDC public sector forum

CICRA Group Director/CEO Boshan Dayaratne conducted a half-a-day session on cyber security for the public-sector key employees during a forum organised by National Human Resource Development Council (NHRDC) recently in Colombo.