UrbanTrendz Offers a Mix of Quality Brands and Affordability

UrbanTrendz which opened its doors to Colombo’s shoppers recently is the newest, hippest Multi-brand Retail Store in Sri Lanka for such a super assortment of exclusive fashion brands as United 

Rupee ends steady; importer dollar demand weighs on market

Reuters: The Sri Lankan rupee ended steady yesterday as greenback sales by banks and exporters offset importer demand for dollars, dealers said.

Sri Lanka’s household indebtedness on the rise

The record low interest rates that prevailed until recently may have helped many to overcome their financial difficulties and enjoy better living standards in the short-term, but this has fuelled Sri Lanka’s household debt to reach record highs, data showed. 

Revival of brass industry

A man polishes a traditional brass lamp at a workshop in Colombo. Such items are now very much in demand due to the increasing number of tourists visiting Sri Lanka  (Reuters photo)

Singer ranked among ‘Top 25 great places to work’

Singer (Sri Lanka) was recognized as one of the best places to work in Sri Lanka for the fourth consecutive year at the special awards ceremony held at Cinnamon Grand Colombo, organized by Great Place to Work Institute recently.  

Nolimit among ‘Top 25 best companies to work’ again

The leading fashion retail chain in Sri Lanka, Nolimit was listed in the top 25 best companies to work for in Sri Lanka for the second consecutive year, by the Great Place to Work Institute at the recently held gala awards ceremony. 

Apollo Tyres go the distance in Sri Lanka

Apollo Tyres, India’s biggest  exporter of tyres , with an annual turnover close to  US $ 2 billion, having factories across India and in Europe, will enhance its presence in the Sri Lankan market by launching the Apollo 2 wheeler tyre this weekend.

CRTA to hold 98th AGM today

The 98th Annual General Meeting of the Colombo Rubber Traders’ Association (CRTA) will be held today at Renuka City Hotel, Colombo. 

Naturub Group celebrates 40th anniversary

Naturub Group of Companies (Pvt) Ltd, a leading manufacturer and exporter of apparel accessories and trims in South Asia celebrated their 40th anniversary recently. 

RIL Property gears up for expansion

RIL Property PLC, a developer, manager and owner of Grade A office spaces in Colombo, 

Pelwatte Dairy introduces ice cream with a difference

I scream… You scream… We all scream for ice-cream… Now doesn’t that bring back a lot of memories from a childhood gone by? But why does it have to stop with childhood? Ice-Cream is something anyone can enjoy regardless of age and at practically any time of day.

NDB, strengthening women through ‘Araliya’

A woman too at times resembles ‘Araliya’ a flower that’s simple, humble yet resilient and beautiful. Looking back at the success we have achieved in life, there has always been that woman (Ara-  liya ) 

Swim Week Colombo showcases integrated platform with green consciousness Swim

Swim Week Colombo, presented by Olu tropical water, which concluded its 3rd edition with a new position of Green Conscious and Earth Sensitive set the tone for the future direction of the fashion

Taco Bell opens its doors in Sri Lanka

Hold your breath, Sri Lanka! Taco Bell, the world’s largest Mexican-inspired quick service restaurant chain, will unleash an electrifying experience when it opens its doors in Sri Lanka

Distinguished ‘Asia Responsible Entrepreneurship Award’ by Enterprise Asia awarded to Kanrich Finan

The impactful CSR project ‘Kanrich Thaksalawa’ of one of the fastest-growing financial institutions in the country, Kanrich Finance has been recognized on a global platform from amidst competitors

Knorr Celebrates Greek Food with Digital Dining Experience

Laughter and fun abounded as curious visitors scanned the edible QR codes on their spanakopita and pastitsio, tucking into their Greek dishes as dusk descended over the city. For visitors at the Dutch 

Once again the Bank of Ceylon ranked among Top 1000 Banks in the World with NO.1 Country Rank.

Sri Lanka’s No.1 bank, the Bank of Ceylon has yet again reaffirmed its position among the Top 1000 Banks in the world with the country rank No.1 according to the “The Banker” U.K. Magazine July 2017 

Barra-licious: Galle Face Hotel executes signature seafood dishes with Round Island Barramundi

The Galle Face Hotel’s seafood restaurant ‘Sea Spray’ is debuting a delicious new menu that features Round Island’s premium quality barramundi as a signature dish. This sustainable and commercially 

Odel to invest US $ 106mn in mixed development project

Sri Lanka’s leading lifestyle retailer Odel PLC yesterday revealed plans to invest US $ 105.7 million in a mixed development project at Ward Place, Colombo 7.

Moody’s forecasts 20% annual growth in new loans for HNB post-rights issue

Moody’s Investors Service this week said Hatton National Bank PLC (HNB) would grow its loan book by as much as 20 percent per annum during the two years to March 2019 as the bank would complete its rights issue that would inject as much as Rs.15.0 billion in fresh equity by the end of this month. 

Rupee ends firmer; cenbank dollar buying curbs rise

REUTERS: The Sri Lankan rupee ended slightly firmer yesterday due to greenback sales by banks and exporters, while the Central Bank’s dollar buying prevented an appreciation in the local currency, dealers said.

China sends troops to open first overseas military base in Djibouti

REUTERS: Ships carrying personnel for China’s first overseas military base, in Djibouti in the Horn of Africa, have set sail to begin setting up the facility, as China’s rapidly modernising military extends its global reach.

Sri Lanka to receive US $ 1,340 million WB assistance

Sri Lanka is to receive US $ 1,340 million worth of financial and technical assistance from the World Bank Group for the three-year period starting from July 1, 2017, under the International Development Association (IDA) Transitional Support Facility. 

Shares ends steady in moderate trade; foreigners sell

REUTERS: Sri Lankan stocks ended steady yesterday as gains in consumer staple shares were offset by industrial stocks led by John Keells Holdings PLC, while concern over a proposed tax bill weighed on overall sentiment.

Blue Ocean Group ventures into travel industry

Sri Lanka’s largest condominium developer – Blue Ocean Group of Companies recently ventured into a new vertical, the burgeoning travel and leisure industry by opening its  travel  arm –  ‘Blue Ocean Travels’, last week. 

New SAP Leonardo Services and Offerings ease digital innovation path

SAP SE today announced new digital innovation services and tools for SAP Leonardo to help customers become digital and realize business value from data across their organization. 

German Ambassador to speak at NCC event

German Ambassador Joern Rhode will be the special guest speaker at a session on ‘Bilateral trade between Sri Lanka and Germany’ organised by the National Chamber of Commerce of Sri Lanka (NCC), on Thursday, July 20, 2017, from 3:00 p.m. to 4:30 p.m., at the chamber auditorium, No: 450, D.R. Wijewardena Mawatha, Colombo 10.

Naveen Ceramic launches latest range of tile products

Naveen Ceramic recently launched its latest range of tile products called Italy Rock under Nanogress Porcellanato. 

Unemployed graduates: A waste of money on education?

We, as Sri Lankans, can boast of the high literacy rate mainly achieved through free education prevalent in the country, amidst so many setbacks, so long as the employers seek literacy only from their employees. Unfortunately, that era has gone long ago, leaving its outdated education system, that still delivers results, the validity of which is challenged. 

Commercial Bank presents school shoes to flood-affected children in Baduraliya

The Commercial Bank of Ceylon recently presented Rs.750,000 worth of footwear to 500 children who were affected by