Worker remittances down on 3 consecutive months

Sri Lanka’s worker remittances fell for the third consecutive month in May, while the remittance inflows in the first five months of the year narrowed quite substantially even before the Gulf crisis surrounding Qatar and its Arab neighbours took hold. 

Hayleys Advantis Maldivian joint venture buys two new landing craft

Hayleys Advantis has further solidified its position in the Maldives with the addition of two new landing craft that will further expand the range of services offered by their subsidiary, Total Transport Solutions Maldives (Pvt) Limited (TTS). 

Hayleys Advantis Strengthens End-To-End Logistics Solutions in the Maldives with New Acquisition

Hayleys Advantis has further solidified its position in the Maldives with the addition of two new landing craft that will further expand the range of services offered by their subsidiary, Total Transport Solutions 

CA Sri Lanka-IRCSL publish new IR supplementary guide

Integrated Reporting (IR) recognizes that a business has a wider stakeholder community that can influence its performance than just the providers of finance. IR also recognizes that a business deploys many capitals financial and non-financial. IR has demonstrated that a company’s value is enhanced when these aspects are recognized and reported.

SL Economic Summit to focus on opportunities for businesses from mega projects

Sri Lanka’s proposed mega development projects such as the Western Region Megapolis, Hambantota Logistics and Industrial Zone and also the ongoing Colombo Port City will come under focus at the upcoming Sri Lanka Economic Summit 2017.

CMA Sri Lanka Management Accounting Conference to discuss cybersecurity

CMA Sri Lanka has organised a focused session on cybersecurity, risk management, governance and compliance at this year’s conference themed ‘Digital Transformation – A Strategic Imperative’.

Asian markets head into weekend on positive note

AFP: Asian traders headed into the weekend cautiously upbeat yesterday following a broadly positive week across global equity markets after Federal Reserve chief Janet Yellen indicated a softer approach to raising US interest rates.

Qatar Airways boss says ‘bullying’ Gulf states will hit profits

AFP:  Qatar Airways’ outspoken boss Akbar Al-Baker accused neighbouring Gulf states Thursday of ‘bullying’ his country during the region’s political crisis and said his company’s profits would be hit by the dispute.

Rupee down on importer dollar demand; stocks hit over 18-month high

REUTERS: The Sri Lankan rupee fell yesterday due to thin importer demand for the greenback, while dealers said dollar buying by the Central Bank prevented appreciation of the local currency.  The spot rupee was trading at 153.70/75 per dollar 0618 GMT, slightly weaker from Thursday’s close of 153.65/70. 

Overwhelming entries for Mom, Me and My Milo campaign

Building on the tremendous success of the Mom, Me and My Milo campaign in the last two years, Milo is once again bringing together the most important stakeholders at the heart of its brand - moms and kids - to bond and enjoy an active lifestyle together.  

Aadhayam trade fair

Aadhayam 2017, a national trade fair organized by the United Nations Development Programme (UNDP) Sri Lanka opended at the Bandaranaike Memorial International Conference Hall (Colombo) yesterday. 

SN Academy partners Bellose to conduct world-class hair and beauty education

The SN Academy South Asia which provides professional hairdressing and beauty therapy programmes for students in Sri Lanka and India recently announced its partnership with Asia’s leading professional cosmetic manufacture, and haircare specialist Bellose to award a world class hairdressing and beauty therapy diploma.

Sri Lanka secures rice stocks from Pakistan and Myanmar

The four-man Lankan team of officials that flew to Pakistan and Myanmar to select rice tranche, returned to Colombo yesterday.

Windows Phone 8 fades out as Microsoft mulls mobile strategy

AFP: Microsoft has ended support for its Windows 8 smartphones, as the US tech giant focuses on other segments, amid ongoing speculation about its strategy for mobile.

Central Bank clarifies

This refers to the front-page article published in ‘Mirror Business’ yesterday titled: “Sri Lanka’s approach to trade pacts too slow, ineffective: Governor”.

Ravindhiran appointed Homac’s Marketing Consultant

Maruthai Ravindhiran has been appointed as the Marketing Consultant to Homac Lanka (Pvt.) Ltd, with effect from 1 July 2017.

Siddhalepa group’s dengue management initiative underway

In an island wide initiative to protect and educate young victims of the deadly dengue disease now prevalent in epidemic levels across the country, the Siddhalepa group has launched a dengue educational drive in schools, religious institutes and public places all around the country.

Israeli holidaymakers applaud Sri Lankan culinary delights

Being located approximately 5,400 kilometres away from Sri Lanka, Israel has shown an increasing attention on Sri Lanka over the recent years as a unique tropical destination in the Indian Ocean with great surfing locations similar to Miami beach (USA) and Jaws, Maui-Hawaii.

Unabated climate change would reverse hard-earned development gains in Asia —ADB report

Unabated climate change would bring devastating consequences to countries in Asia and the Pacific, which could severely affect their future growth, reverse current development gains, and degrade quality of life, according to a report produced by the Asian Development Bank (ADB) and the Potsdam Institute for Climate Impact Research (PIK).  

Orient Finance goes from strength to strength

Orient Finance PLC, which is a licensed finance company, has recorded a remarkable achievement at a time it celebrated 35 years in operation.

Asia/Pacific Group on Money Laundering to hold 20th Annual Meeting in Colombo

The 20th Annual Meeting of the Asia/Pacific Group on Money Laundering will be held in Colombo during July 17-21, 2017 with the participation of about 450 local and foreign delegates from 41 member countries and several international observer organisations.

Get Ready for ‘Zahira Walk 2017’

Zahira College Colombo, the premier Muslim educational institution in Sri Lanka with a current student population of over 5000, is gearing itself to launch a colourful and fun-filled walk on Saturday

Ceylinco Life sends 20 delegates to APLIC 2017 in Malaysia

A 20-member delegation from Ceylinco Life represented Sri Lanka’s leading life insurance company at the 16th Asia Pacific Life Insurance Congress (APLIC) held recently in Malaysia. 

UA launches life insurance policy contracts with digital flavour

Union Assurance PLC (UA) recently launched a unique initiative to address one of the most pressing issues in the insurance industry, i.e. technical jargon in insurance policy contracts. 

HNB opens new Centre of Excellence

Sri Lanka’s most progressive private commercial bank, Hatton National Bank PLC (HNB), conducted a special ceremony to mark the opening of its centralized processing centre, titled Centre of Excellence, to accommodate its back office operations for its extensive network of customer service centres. 

GPTW ranks Softlogic Life for second consecutive year

Considering the public attitude towards insurance and the lukewarm reception that many have towards an insurance proposition, it is an industry that is deserving of a higher position - both as a service and a career option.

Pan Asia Bank Toastmasters Club installs first executive committee

Pan Asia Bank Toastmasters Club installed its first executive committee recently marking the beginning of a journey towards nurturing the next generation of corporate leaders. 

Gamma Pizzakraft Lanka wins big at GPTW awards

Gamma Pizzakraft Lanka (Pvt.) Ltd, the sole franchisee for Pizza Hut, Taco Bell and Delifrance in Sri Lanka acquires more additions to its already prestigious collection of awards and nominations. 

Alpha Industries honours top performers at annual dealer convention

Alpha Industries (Pvt) Limited, a security solution (physical storage) provider and furniture manufacture in Sri Lanka held it’s annual dealer convention recently at Ramada Hotel Colombo. 

SLIM confers CIM distinction achievers with certificates of excellence

The Sri Lanka Institute of Marketing (SLIM), being the national body for marketing is the longest servicing accredited study centre for the Chartered Institute of Marketing (CIM) studies in Sri Lanka.  By winning world prizes over the years many students have added immense credibility to CIM studies at SLIM.