Sri Lanka–Malaysia Business Council holds 23rd Annual General Meeting

The Sri Lanka – Malaysia Business Council was inaugurated on February 23, 1994 under the aegis of the Ceylon Chamber of Commerce at the request of the Ministry of Foreign Affairs and the Board of Investment of Sri Lanka. 

Struggling Singapore Airlines offers crew unpaid leave

AFP: Singapore Airlines said yesterday it is offering cabin crew unpaid leave in a cost-cutting measure as it struggles to keep up in an increasingly tough market. 

Toyota, Mazda announce tie-up over electric vehicles, US factory

AFP: Japanese auto giant Toyota and smaller rival Mazda said yesterday they agreed a capital tie-up to focus on joint development of electric vehicles, while building a US$1.6 billion factory in the United States which will create up to 4,000 jobs.

APU Malaysia signs MOA to use Forestpin Analytics

Rimbun Forensic Advisory Sdn Bhd, the partners representing Foresptin in Malaysia, signed the memorandum of agreement (MOA) with Asia Pacific University Malaysia (APU) to enhance the undergraduate and postgraduate learning experiences on Forensic Accounting software. 

Dreamron introduces SLES-free shampoo

People around the world prefer the use of shampoo over soap because of a number of reasons.  Most of them use it to because it clears away any foreign residue, some of them because it gives a good smell or some people use them as treatments for the scalp or hair. 

Rupee, stocks little changed; dull trade ahead of long weekend

REUTERS: The Sri Lankan rupee was little changed yesterday, as mild importer demand for the dollar offset light greenback sales by banks in dull trade ahead of the long weekend, dealers said. 

Wild Stone’s promotion to give away brand-new Royal Enfield Motorbike

Wild Stone, a renowned brand of men’s body deodorant, recently introduced to the Sri Lankan market by American Remedies, announced the launch of a special promotion for consumers at an event held in Colombo.

Commerce Minster says 40% of Sri Lanka’s SMEs in food sector

A huge sub-sector within Sri Lanka’s crucial Small and Medium Enterprises (SME) that directly impacts national food supply and security is being positioned for exports. Encouraged by raging exports in this sector, Sri Lanka has begun work on the country’s first ever international standard food testing and safety centre that directly focuses even the village food producers in the country. 

Nestlé Professional continues to support Lankan chefs and uplift culinary industry

Nestlé Professional, Nestlé’s out-of-home food and beverage solutions provider, joined hands with the Chefs Guild of Lanka to become the Diamond sponsor for Culinary Art Food Expo 2017. The partnership marks Nestlé Professional’s strong long-standing commitment to help develop the local culinary professionals.

Global refiners brace themselves as China cements oil market dominance

REUTERS: China is on pace to overtake the United States as the world’s biggest oil importer this year, cementing its status as Asia’s most pivotal oil market actor that will increasingly dominate the region’s fuel trade. 

ReeBonn Cosmetics unveils superior face wash range

ReeBonn Cosmetics (Pvt.) Ltd, one of the foremost herbal cosmetic companies operating in Sri Lanka, has introduced an assortment of brand-new face wash products with enhanced quality. All these products come in user-friendly containers.

Central Bank’s FIU signs key MOUs with China and Bhutan

The Financial Intelligence Unit of the Central Bank of Sri Lanka (FIU-Sri Lanka) entered into Memoranda of Understanding (MOUs) with the China AML Monitoring and Analysis Centre and Financial Intelligence Unit (FIU) of the Kingdom of Bhutan at the 20th Annual Meeting of the Asia/Pacific Group on Money Laundering (APG), held in Colombo recently, to share financial information in facilitating investigation and prosecution of persons suspected of be

NDB Toastmasters Club receives international accolades at Ovation 2017

National Development Bank PLC (NDB) initiated the NDB Toastmasters Club on October 31, 2013 and joined the Global Toastmasters fraternity. Since its inception, NDB Toastmasters Club has completed four very successful years and has helped many staff members to improve on their communication and leadership skills whilst giving them confidence to participate in many professional forums. 

LG TWIN Wash saves time, space, water and energy

LG, one of the most popular global brands for home appliances, continues to redefine how we get our laundry done with its latest addition to the LG washing machine range – LG TWINWash. 

Taste of Ceylon Tea on a plate

Ceylon Tea will get a makeover this August when Michelin Star Chefs Tom Aikins and Jason Atherton infuse their award-winning brand of cuisine with the best tea in the world at the first-ever Ceylon Tea Festival. 

Waters Edge wins Big at Culinary Art & Food Expo 2017

Adding further accolades to its already extensive local and international award portfolio, Colombo’s favourite suburban hotel, Waters Edge, and its culinary team performed outstandingly at the recently concluded Culinary Art & Food Expo, which was held at the BMICH.

Supreme Court shoots down tax reforms

AFP: Sri Lanka’s Supreme Court has effectively shot down a sweeping overhaul of the island’s tax system, calling the proposed legislation unconstitutional, the country’s parliament speaker told lawmakers yesterday.

Exhibition provides access to European organic markets

Deutsche Gesellschaftfür Internationale Zusammenarbeit (GIZ)is hosting an Organic Pavilion at the ongoing ProFoodProPack 2017 exhibition, which is being held at the Sirimavo Bandaranaike Memorial Exhibition Center, in order to promote Sri Lanka’s organically certified agricultural products to the European market.

Sampath Bank surpassed Rs 5 Bn mark in post-tax profit

Sampath Bankfurther extended its growth momentum in the 2nd quarter of the year and recorded apost-tax profit of Rs 5.7 Bn for the six months ended 30th June 2017.This registered an impressive 

Streamlining the tender process with eTenders.lk

Sri Lanka’s most comprehensive and accurate tender alert service, eTenders.lk, is ripping through red tape and greatly improving transparency in the tender issuing and procurement processes

CFA Sri Lanka Capital Market Awards recognize best in investment profession

The fifth annual CFA Sri Lanka Capital Market Awards 2017 was held at The Hilton Colombo recently, under the theme ‘Sharpen your investment edge’ with the objective of encouraging those in the investment profession locally to uphold the standards of best practice, excellence and financial market integrity.

NDB holds Investor Forum for 1H17

National Development Bank PLC (NDB) held an Investor Forum recently to present the financial performance for 1H 2017, at Galadari Colombo.

AIA Sri Lanka attends MDRT Annual Meeting

Thirty five MDRT members from AIA Sri Lanka participated in the recently held MDRT Annual Meeting held in Orlando, Florida, USA.

Amãna Bank launches programme for children’s saving account holders

Amãna Bank, pioneers of the non-interest-based banking model in Sri Lanka, has once again launched an attractive programme to all its children’s savings account holders and potential account holders, where everyone has an opportunity to receive exciting gifts as they grow their account balances.

Mastercard and PayPal expand partnership in Asia Pacific

Mastercard and PayPal announced an extension of their partnership into Asia Pacific to enhance the consumer experience and make Mastercard a clearpayment option within PayPal.

Cargills Bank introduces first-ever chip, PIN and contactless smart debit card in Sri Lanka

Cargills Bank proved its ability to deliver value in double quick time to its customers by making available the first-ever smart Mastercard debit card in the country with the chip, PIN, contactless and EMV-compliant technology. 

Twenty years after Asian financial crisis: What have we learned?

This month marks 20 years since the Asian financial crisis. It’s appropriate to consider at this juncture why the crisis happened and what we have learned about how countries can safeguard their economies from future shocks and deliver sustainable and inclusive growth.

Why is India worried about China consolidating in Sri Lanka?

On Saturday, Sri Lanka finally signed a US $ 1.1 billion deal selling China a 70 percent stake in its strategic Hambantota port. The fact that the Chinese signatory, the state-run China Merchant Port Holdings, is a Hong Kong-based firm reminds not just of a similar 99-year lease that Chinese had signed in 1841 following their Opium War with Great Britain. A much closer example would be China’s recent 43-year lease for managing Pakistan Gwad

Singer Computer Academy holds inaugural graduation

The Singer Computer Academy, among the main academies of Singer Business School, backed by Sri Lanka’s most diversified company - the Singer Group, held its inaugural graduation recently. Students who completed their ‘Skills Proficiency Awards in Basic IT for Office Applications’ received the Skills Proficiency Certificate. 

ACL Cables once again wins Master Brand Status

Sri Lanka’s number-one cable manufacturer, ACL Cables PLC achieved the prestigious Master Brand status for 2017, conferred by Chief Marketing Officers (CMO) Asia in partnership with the World Marketing Congress.