SL develops regulations on adventure tourism

Steps are being taken to promulgate regulations related to all adventure tourism activities in Sri Lanka. Ten advisory committees have been appointed for each field of the adventure tourism service to setup international standards.  As per the initiative

Whistle-blowing yet to move beyond ‘requirement’ status: legal expert

Despite ‘whistle-blowing’ being made a mandatory requirement for listed companies by its regulator, the Securities and Exchange Commission (SEC), the benefit of the mechanism is yet to be fully reaped by the local entities, as the employees remain 

Privilege cards galore from Pannipitiya Private Hospital

Pannipitiya Private Hospital, one of Sri Lanka’s top ranking private hospitals has decided to provide treatment with special discounts to clergy, teachers, Daham Paasal teachers and for those who engage in social charity initiates as a mark of honour and recognition to them.

Diabetics now covered with Sri Lanka Insurance

Diabetes is one of the main barriers for health insurance policies in Sri Lanka. However, all that will change with the launch of the Sri Lanka Insurance Comprehensive D+ policy on November 14 to coincide with World Diabetes Day.

Hemas hospital Thalawathugoda now offers day surgery packages

Spearheading a revolution in the health sector in Sri Lanka, Hemas Hospital Thalawathugoda has introduced a new affordable day surgery service for a wide range of procedures.

ComBank 3Q profit up on massive growth in new loans

Commercial Bank of Ceylon PLC (ComBank) reported solid performance for the July-September quarter (3Q17) as the lender expanded its loan book at exponential pace while improving both its asset quality and margins. 

CTC September net down over lower volumes

Ceylon Tobacco Company PLC (CTC), a unit of British American Tobacco, saw its September quarter (3Q17) performance affected by lower volumes due to higher prices of cigarettes following an excise duty increase in fourth quarter, last year.

Plantations help Richard Pieris stay afloat in 2Q

The diversified Richard Pieris and Company PLC (RICH) managed to maintain a 2 percent growth in its bottom line for the second quarter of the 2018 financial year (2Q18), compared to the corresponding period last year with a net profit of Rs.868.16 

Rupee ends weaker on dollar demand

REUTERS: The Sri Lankan rupee closed slightly weaker yesterday due to late importer demand for the U.S. currency as investors awaited clarity on budget policies announced last week, dealers said.  

Budget in line with IMF plan but fiscals still weak: Fitch

Fitch Ratings yesterday gave thumbs up for the Budget 2018, which is widely hailed as a futuristic policy document, but did not fail to add that the country’s fiscal front still remains extremely vulnerable due to high government debt and large cost of debt servicing. 

Govt. to set up Rs.15bn credit scheme for small biz

The government will allocate Rs.15 billion under the Budget 2018 to create a credit scheme for small businesses in targeted sectors, Finance and Mass Media Minister Mangala Samaraweera said.

Daraz.lk announces Black Friday 2017 : The biggest sale of the year

The Daraz Black Friday sale will be livefrom the 20th to 27th of November, and if you're looking to buy a new smartphone, household appliances or even apparel, then you could get some

DFCC Bank empowers their sales team with ‘SalesTalk’

DFCC Bank, Sri Lanka’s fastest growing commercial bank, continues its commitment to the digital transformation of the country’s financial sector by using digital

The Sri Lanka - Indonesia Business Council (SLIBC)

Members of the Sri Lanka – Indonesia Business Council (SLIBC) recently attended the 32nd Trade Expo Indonesia that was held in Jakarta, as part of an ongoing effort to strengthen 

A Feast of Epic Proportions of Turkish Delight at Graze Kitchen, Hilton Colombo

Get aboard the Ottoman Express for a fusion of culinary traditions with one pod of authentic Turkish Cuisine at the GRAZE KITCHEN, Hilton Colombo’s theatre of dining

next Sourcing recognizes outstanding suppliers

next Sourcing, a fully-owned subsidiary of the retail clothing and accessory giant next PLC - UK, recognized and rewarded its supplier base at Suppliers’ Seminar 2017, held at Park Street Mews Colombo recently. 

Asian Paints unveils ‘Colour Ideas’ store in Jaffna

An Asian Paints ‘Colour Ideas’ store, which focuses on colour as an idea rather than a product, was recently opened in Jaffna to offer consumers the right mix of inspiration and detail in the world of painting.

Consulus Global in Sri Lanka with Hummingbird International

In response to the relentless speed of change and the impending disruption that industry 4.0 will bring to business and global community, Hummingbird International, which was a representative of 

Mike Audio makes Fender guitars now available at Yamaha Music Centre

After the initial prototypes of the 40s, Fender gave birth to the Stratocaster in the early 50s and the instrument would eventually become the standard by which all other guitars are measured. 

Ceylon Tapes receives top certifications for quality standards

Ceylon Tapes (Pvt.) Ltd, the pioneer adhesive tape producer in Sri Lanka and a fully-owned subsidiary of Lankem Ceylon PLC, was recently awarded the ISO 9001:2015, ISO 22000:2005, GMP and HACCP certifications by Indexpo Certification Ltd for achieving high quality standards in its overall operations and services.

Vallibel Finance unveils newest branch in Hanwella

Vallibel Finance unveiled its latest branch in Hanwella, with a pledge to support the development forays of this historic locality.

Fortunaglobal introduces Affluence Soft Token to enhance digital security for banking

Colombo-based Fortunaglobal (Pvt.) Ltd, a leader in omni-channel banking software solutions for Sri Lanka’s Fintech sector has started rolling out its software token solution to local banks.

UB Finance launches ‘Build-it’ fixed deposit scheme

Delivering on its promise to offer a better deal to customers, UB Finance announced the launch of the ‘Built-it’ fixed deposit account in October 2017.

ADB recognizes Bank of Ceylon at TFP Awards

Bank of Ceylon was awarded the title ‘Leading Partner Bank in Sri Lanka’ with the Asian Development Bank (ADB) under the ‘Trade Finance Programme’ (TFP) at the ADB’s TFP Awards held in line with the Global Trade Review’s Annual Conference in Singapore.

People’s Bank installs ATM at Ella railway station

People’s Bank recently unveiled an ATM at Ella Railway Station. The ATM provides the convenience of withdrawing cash 24 hours a day, 365 days a year.

Sri Lanka–Russia Business Council holds 14th AGM

The 14th Annual General Meeting (AGM) of the Sri Lanka – Russia Business Council (SLRBC) of the Ceylon Chamber of Commerce was held recently, electing Priyantha Hapuarachchi as President for 2017/2018 who is the Chief Financial Officer at South Asia Textile Industries Lanka (Pvt) Ltd. 

National Chamber lauds Budget 2018

The introduction of the new concept ‘Enterprise Sri Lanka’ is praiseworthy and it would be a positive step to encourage the business development in the country. 

Ceylon Chamber welcomes 2018 Budget, but says implementation is key

The proposed 2018 National Budget progresses the recent economic policy visions of the government. 

Budget 2018 presents toast to effective long-term policy

The coalition government’s fourth budget presentation and the first by incumbent Finance Minister Mangala Samaraweera, was a clear and progressive step to liberalise Sri Lanka’s economy, and provides impetus for growth and sustainability in several sectors. 

Budget 2018: Will clarity in thought translate to clarity in action?

Slow growth, declining export earnings and FDI inflows, and inadequate foreign exchange reserve cover characterize Sri Lanka’s current macroeconomic climate. The heavy dependency on non-tradables is a key factor slowing the country’s growth momentum.