Siddhalepa Group marks World Diabetes Day with public lecture

Siddhalepa Group will mark World Diabetes Day on November 18th with an educational programme on diabetes at the Siddhalepa Ayurveda Hospital in Mount Lavinia. 

Cinnamon Life and Ceylon Chamber collaborate to host forum series

Cinnamon Life, Sri Lanka’s most iconic mixed development project of its kind to date, in association with the Ceylon Chamber of Commerce, will host the Cinnamon Life Forum series, a sequence of thought leadership events, from November 28 onwards.

Seylan ‘Ethera Kasi Methara Wasi’ rewards monthly draw winner

Seylan Bank in keeping up with its promise, ‘The Bank with a Heart’, introduced an exciting draw scheme named ‘Ethera Kasi Methra Wasi’ for its remittance customers partnering with the global remittance services such as Express Money, RIA, Speed Cash and Unistream, to name a few.

Standard Chartered announces seasonal offers

Spending this season for treats for family and friends will be a breeze for Standard Chartered credit cardholders. The bank has on board a wide range of popular merchant outlets with many of them offering discounts from 20 percent to 30 percent to Standard Chartered credit cardholders. 

Nations Home Loans offers fastest, easiest route to homeownership

The customers looking for home loans can now experience unparalleled service and expert advice in the comfort and familiarity of their most conveniently accessible Nations Trust Bank (NTB) branch or at the Nations Home Loan Centre located at No: 400, Galle Road, Colombo 3.

Amãna Takaful wins at SLIM-NASCO 2017

Amãna Takaful Life PLC (ATL Life) was recognized for its sales professionalism at the recently concluded SLIM-NASCO 2017 Awards.

Primary dealer operations boost First Capital 2Q

First Capital Holdings PLC saw its net profit for the September (2Q18) quarter increasing 18.6 percent year-on-year (YoY) to Rs.340.4 million, largely helped by the primary dealer operations of the group, the interim financial accounts released to the Colombo bourse showed.

Janashakthi 3Q profit trimmed as higher claims offset robust premiums and investment incomes

Higher insurance claims had a bearing on the performance of Janashakthi Insurance PLC as the September quarter profits fell slightly amid expansion in both premiums and investment incomes. 

Lack of pricing formula, high debt hamper Laugfs 2Q

Laugfs Gas PLC became a victim of higher interest rates and rapid increase in global Liquefied Petroleum Gas (LPG) prices as the energy group, which has diversified interests, could not pass the higher prices on to the consumer.

Japan leads in development funding to Sri Lanka

Over the first eight months of 2017, Japan has made the greatest commitment to Sri Lanka in providing development related funding, according to the Treasury.

Rupee rises on exporter dollar conversion

REUTERS: The Sri Lankan rupee closed higher yesterday, helped by exporter dollar conversions, but expectations of higher seasonal imports and a pickup in motor vehicle buying after taxes were slashed in last week’s budget weighed on the local currency, dealers said.  

CSE to conduct full day of trading from disaster recovery site

The Colombo Stock Exchange (CSE) is to conduct a planned full day of trading from its disaster recovery site using ATS Version 7 Disaster Recovery Solution tomorrow. 

SL likely to overshoot budget deficit continuously till 2020

Sri Lanka’s economy is heading towards a tumultuous ride in the next three years as widespread policy uncertainty and macroeconomic imbalances will slowdown the economy, push up prices and scare away the investors.  

Shangri-La Colombo opens!

The Shangri-La Hotel in Colombo was ceremoniously opened yesterday by President Maithripala Sirisena, Prime Minister Ranil Wickremesinghe, other ministers and officials from Shangri-La.

amanté Ignites with a series of events for loyal customers at flagship boutique

Intimate apparel label amanté continues to reward its loyal clientele with a series of its popular ‘amanté Ignites’ events at its flagship Racecourse boutique.

Sampath Bank Bags Third Place at 34th Mercantile Athletic Championships

Team Sampath Bank continued to showcase its prowess in the sports arena at the 34thMercantile Athletic Championships held at the Mahinda Rajapaksha Stadium, Diyagama recently

Amãna Takaful wins at SLIM-NASCO 2017

Amãna Takaful Life PLC (ATL Life) was recognized for their sales professionalism at the recently concluded SLIM-NASCO 2017 awards. Hamdi Nizam of Amãna Takaful’s insurance team 

Lack of pricing formula, high debt hamper Laugfs 2Q

Laugfs Gas PLC became a victim of higher interest rates and rapid increase in global liquefied petroleum gas (LPG) prices as the energy group, which has diversified interests, could not pass the higher prices on to the consumer.

Sri Lanka likely to overshoot budget deficit continuously till 2020

Sri Lanka’s economy is heading towards a tumultuous ride in the next three years as widespread policy uncertainty and macroeconomic imbalances will slowdown the economy, push up prices and scare away the investors.   

Fouzul Hameed’s annual fashion showcase – Envoy Concept 2018

Hameedia, Sri Lanka’s leading menswear specialist recently concluded the fifth edition of its highly anticipated, fashion showcase - Concept 2018. Governed by the theme of ‘CurioCity’

Govt. to tender coal ash of Norochcholai

The government will start selling the coal ash by-product created at the Norochcholai coal-fired power plant to the companies that have use of the material.

Sujan Int’l launches latest meat-free sausages and sandwich slices

Sujan International (Pvt.) Ltd has launched their latest meat-free sausages and sandwich slices for those who look for meatless alternatives.

Huawei introduces nova 2i to Sri Lankan market

Huawei, the number one growing smartphone brand in Sri Lanka, launched the much-anticipated Huawei nova 2i upper mid range smartphone at a gala ceremony held at Park Street Mews Colombo. The event was held under the patronage of Huawei Sri Lanka CEO Shunli Wang, Singer Sri Lanka PLC Marketing Director Kumar Samarasinghe including the management of Singer Sri Lanka PLC, Huawei Sri Lanka, valued dealers and partners.

CCC CEO joins International Climate Reality Leadership Corps

As the world continues to see stronger storms, faster spread of wildfires, and water levels rise, one organization is taking action and inviting world thought leaders into the conversation to start creating change - The Climate Reality Project.

Fanam International accoladed at NCE Exports Excellence Awards

Fanam International (Pvt.) Ltd, a leading company in local organic compost fertilizers exports trade, was honoured with the Bronze award in Fisheries and Livestock of the Agriculture Value Added Sector at the ‘NCE Exports Excellence 2017’ award ceremony organized by the National Chamber of Exporters of Sri Lanka recently.

Mahinda at loggerheads with Mangala over shipping industry liberalization

Ports and Shipping Minister Mahinda Samarasinghe said he was broadsided by Finance Minister Mangala Samaraweera’s budget proposal to liberalize foreign ownership in the shipping and freight forwarding industries, which Samarasinghe said that he would not allow to take place unless foreigners invest heavily.

Poultry producers welcome maize import liberalisation

The recent budget proposal to allow the feed millers to import maize under a special limited quota to meet the shortfall in the local supply has been hailed by the poultry producers as a positive measure that will support greater efficiency within the domestic industry.As one of the highest revenue-

A recovering world economy? Dynamics of China and India in global growth

The remarkable growth of China and India has shifted the centre of the world economy towards Asia. However, the 2008 global financial crisis exposed vulnerabilities in the export-led model of Asia’s two economic giants. 

Budget allocations for teacher training: Is Sri Lanka playing its cards right?

The 2018 budget proposals presented in parliament on November 9, 2017 have correctly recognized the importance of good quality teachers for improving education in the country. The budget has allocated Rs.50 million to increase the allowance given to teacher trainees to Rs.5,000 a month and allocated another Rs.50 million  for the establishment of a centre for training English teachers. 

Investment options beyond fixed deposits and savings accounts

The majority of Sri Lankans invest their hard earned money in banks and finance companies in the form of fixed deposits and savings products. However, there are a number of other financial instruments available for investment for retail investors which includes the following.