Sri Lanka’s FTA hype likened to treating one’s neck for stiff ankle

At a time when calls for more Free Trade Agreements (FTAs) are echoing from all corners, a recent study by a top academic says that bilateral trade pacts are not the answer for the country’s ailing exports, and attempts towards such is a waste of time and resources for nothing in return. 

Danish pump giant sees plenty of business opportunity in Sri Lanka

The Danish pump giant, Grundfos, which has been in Sri Lanka for a quarter-century, sees ample opportunity in the island nation as the demand for water across drinking, agriculture and industrial use, is on the rise.

John Keells X Open Innovation Challenge winners enter 6-month accelerator programme

John Keells Holdings PLC (JKH) announced the six winners of its second John Keells X (JKX) Open Innovation Challenge at a Pitch Day recently. 

John Keells X Open Innovation Challenge

John Keells Holdings PLC announced the six winners of its second John Keells X Open Innovation  Challenge at  a Pitch Day recently

DFCC Bank secures USD 30 million in funding from BlueOrchard

DFCC Bank recently secured USD 30 million in funding from BlueOrchard, a leading global impact investment manager, following an agreement signed

Sounds of Christmas by Cotton Collection

The 24th of November saw the grand launch of Cotton Collection Christmas 10 campaign ‘Sounds of Christmas’ at their flagship store at No.143 Dharmapala Mawatha, 

Vallibel Finance pre-tax profits grow 38% to Rs. 807 mn

Vallibel Finance PLC returned its customary impressive half-year report card with exceptional growth in all key indicators, including Interest income exceeding Rs.2.9 billion and assets surpassing Rs.32.7 billion. 

Taiwan 3Q economic growth highest in over two years

AFP:  Taiwan’s economy grew 3.1 percent in the July-September period to a ten-quarter high thanks to robust overseas demand for consumer electronics products, the government said yesterday.

Abans Audio launches all-new LG X-Boom lineup

Abans Audio, the audiovisual arm of Abans PLC, recently released the new progressive range of LG X-Boom hi-fi and home theatre systems for the first time ever in  Sri Lanka. 

Sri Lanka attends Int’l Dialogue on Religious Tourism and Pilgrimage

Sri Lanka was invited to be a panelist at the high level dialogue of the International Congress on Religious Tourism and Pilgrimage that took place in Fatima, Portugal this week.

Rupee falls on importer dollar demand

REUTERS: The Sri Lankan rupee closed marginally weaker yesterday, as demand from importers for the U.S. currency outpaced dollar conversions by exporters and inward remittances, dealers said. 

Shares hit 2-month closing low on foreign selling

REUTERS: Sri Lankan shares fell to a near two-month closing low yesterday on foreign selling, while investors waited for clarity on new taxes introduced in the national budget and on key legislations. 

DFCC Bank secures US$ 30 mn funding to support SME, micro financing sectors

DFCC Bank recently secured US$ 30 million in funding from BlueOrchard, a leading global impact investment manager, following an agreement signed between the management of both organizations. 

Singer Life Style Fiesta 2017

Singer Life Style Fiesta, the flagship event of Singer Sri Lanka opened yesterday at the BMICH. This year’s theme of the exhibition is ‘Live out Your Dream’, and the event will showcase more than 90 new products of different brand categories.      Pic by Kithsiri de Mel

Clogard rewards Lankan families to encourage oral hygiene across nation

Mothers usually have to face refusals when asking kids to brush their teeth. Clogard turned the activity into an exciting and fun experience by inviting young ones to fight germs and win prizes, encouraging good oral health.  

CMA Sri Lanka empowers another speechcrafter batch

The CMA Sri Lanka Toastmasters Club successfully conducted the fifth consecutive batch of speechcrafters sponsored by the Institute of Certified Management Accountants of Sri Lanka (CMA). 

Unilever and Sathosa launch ‘Idam Nidanaya’ Season 2 promo

Unilever Sri Lanka together with the nation’s largest state-owned retail network, Lanka Sathosa, unveiled the second phase of the ‘Idam Nidanaya’ mega land giveaway promotion at Water’s Edge, Battaramulla, recently.

Bhip Sri Lanka launches new products; holds introductory workshop

Bhip Sri Lanka is a subsidiary of Bhip Global USA Inc., a health wellness and skincare promoter and brand. Bhip Global USA Inc. is present in close to 50 countries as an online business portal and a network marketing entity. It has a worldwide concentration of highly skilled and successful independent business professionals in its ranks. 

Gifted staff showcased at ‘Singer Got Talent – Season 3’

Singer Sri Lanka recently displayed that the company has a large number of employees with outstanding performing skills when ‘Singer Got Talent’ Season 3 was held at Bishop’s College Auditorium to an enthusiastic in-house audience cheering their team-mates.

NCW Holdings Australia commences Lankan operations

Addressing the media representatives who participated in the ceremonial launch of the Sri Lankan operations of NCW Holdings – the prestigious Australian specialists in facility management services – NCW Holdings Managing Director Naveen Wijewickrama stated he was happy to announce that NCW Holdings will expand, extensively improve and refine its services, in Sri Lanka, from now on.

Jockey launches shop-in-shop concept at Odel

Jockey’s shop-in-shop concept showcases the range and depth of all the brand’s products and is best suited to cater to discerning customers. One such concept of Jockey has been launched at Odel Alexandra Place being the best shopping destination in Sri Lanka.

Atlas makes presence at Colombo International Book Fair

Atlas has for decades been at the forefront of encouraging creativity and passion in children, encouraging them to reach and surpass their potential by opening their minds to new horizons. 

Development Lotteries Board produces 17 millionaires again

Marking again a golden age of its history, the Development Lotteries Board (DLB) enjoys the pleasure of making the highest number of winners from the beginning of this month as well as in the previous month. 

Fairway Properties introduces German kitchen brand ‘Leicht’ to Sri Lanka

Leicht, the number one best sold premium kitchen brand in Germany, has entered the Sri Lankan market via Centrepoint, a Fairway Holdings company. Leicht is brought to you by Centrepoint, the leading interior solutions specialist in Sri Lanka. With the introduction of Leicht, Centrepoint broadens its range of product offerings to introduce the very best of world- class brands to our country. 

Oman Air B737 MAX fleet to fly with Thales AVANT IFE System

Oman Air, the National Carrier of the Sultanate of Oman signed an agreement with Thales on the sidelines of the Dubai Airshow, to equip its B737 MAX

Former SLAITO President Chandra Wickramasinghe felicitated with highest honour

Former SLAITO president Chandra Wickramasinghe was bestowed with the honorary distinction of Officier de l’Ordre National du Mérite

Coca-Cola Sri Lanka Introduces Sprite Zero

Buoyed by the success of its sugar-free drink Coke Zero, Coca-Cola Sri Lanka is now set to launch Sprite Zero, the sugar-free

Nestlé brands Maggi and Nestomalt named Sri Lanka’s Top 10 FMCG brands

Nestlé’s two iconic brands, Maggi and Nestomalt, were named Sri Lanka’s Top 10 FMCG brands in the latest Brand Footprint Study by research company Kantar World panel

Plethora of exclusive benefits for Seylan NRFC & RFC account holders

Reiterating its value as the ‘Bank With The Heart’, Seylan Bank has enhanced the offerings of ‘Rewards Scheme (Thilina Sayura)’ to enable Non-Resident Foreign Currency and Resident Foreign Currency account holders with definite cash rewards along with many other benefits during one’s special moments in life. 

Transworld Feeders Kicks Off Service on Colombo - Chittagong Route with Mv. OEL Shasta

Dubai based Transworld Feeders ceremonially kicked-off their newest Feeder service on the Colombo - Chittagong sector with the 1,684 TEUMv. ‘OEL Shasta’