Siyapatha Finance establishes 25th branch in Galle

Siyapatha Finance, a leading financial company and the largest fully owned subsidiary of Sampath Bank Group, ceremonially opened their 25th branch in Galle at No. 27, Old Matara Road

Watawala’s move to spin off tea business will augment value: stockbroker

Watawala Plantations PLC’s (WATA) decision to segregate its tea business will increase the company’s value significantly due to predictable and higher profits and growth prospects, a stockbroker said.

Feed millers cry foul at govt.’s decision to import maize

The already mismanaged supply of maize, which is used to produce poultry feed, is set to go from bad to worse with the needless intervention of the country’s Agriculture Ministry for reasons best known to them. 

FinMin says new revenue bill to simplify tax system

Finance and Mass Media Minister Mangala Samaraweera during a discussion with representatives of trade unions of the Inland Revenue Department (IRD) stated that the main objective of the new Inland Revenue Bill was to simplify the tax system in the country in order to create an investor-friendly environment to attract investments. 

Overwhelming number of 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

Dialog launches ‘Car Connect’ OBD device and smartphone app

Dialog Axiata PLC recently announced the launch of Car Connect, an advanced vehicle on-board diagnostics (OBD) device and smartphone app providing vehicle performance and driving diagnostics.

China Guangxi Products Exhibition Sri Lanka 2017 to kick off on July 14

For facilitating ‘the Belt and Road’ cooperation, advancing economic and trade cooperation with countries along ‘the Belt and Road’, intensively displaying competitive industries and featured commodities in Guangxi, as well as promoting economic and trade cooperation between Guangxi and Sri Lanka, the Commerce Department of the Guangxi Zhuang Autonomous Region will hold the 2017 China Guangxi Products Exhibition (Sri Lanka

EFC DG appointed to ILO Governing Body Standards Review Mechanism

Employers’ Federation of Ceylon (EFC) Director-General/CEO Kanishka Weerasinghe was recently appointed to the Standards Review Mechanism (SRM) Tripartite Working Group (TWG) that functions under the aegis of the Governing Body of the International Labour Organisation (ILO). 

RIL Property gears up for expansion

RIL Property PLC, a developer, manager and owner of Grade A office spaces in Colombo, successfully concluded its first annual general meeting (AGM) as a public limited company recently. The company, which went for an initial public offering (IPO) in May, was oversubscribed within hours of opening its issue. 

Netherlands Alumni Association of Lanka holds 46th AGM

The Netherlands Alumni Association of Lanka (NAAL) held its 45th annual general meeting (AGM) on June 18, 2017, at Winsgreat Holiday Resort, Polgasowita.

NDB securities expects FMCG sector to continue to grow albeit at a slower pace

NDB Securities Ltd (NDBS), a top brokerage firm in Sri Lanka, released update on the fast-moving consumer goods (FMCG) sector recently. 

Mobitel introduces Internet at your Doorstep with “Internet Expert”

The National Mobile Service Provider, Mobitel has launched its unique “Internet Expert” service which includes doorstep delivery of Mobitel 4G Wi-Fi Routers and Post-Paid Internet Packages. 

Coca-Cola Refreshes Commando Challenge 2017

Coca-Cola remains the first choice for Sri Lankan youth with its partnership at the Commando Challenge 2017. Organized by the Commando Army, Sri Lanka Auto-sports Drivers’ Association 

Mövenpick Hotel Colombo welcomes the Sri Lankan Cricket Team

The Sri Lankan Cricket Team arrived on Monday at the Mövenpick Hotel Colombo – the host hotel for the Zimbabwe tour of Sri Lanka for both teams. 

Serendib Flour Mills takes yet another step towards nurturing the environment

Serendib Flour Mills (SFML) recently delivered its first state-of-the-art tanker silo to Diana Biscuits and is set to offer this efficient and environmentally-friendly storage option to other customers as well. 

Hilton Colombo wins “Sri Lanka’s Leading Business Hotel” at The World Travel Awards

Hilton Colombo won “Sri Lanka’s Leading Business Hotel award the most prestigious award in the Travel & Tourism industry at the World Travel Awards. Described as the “Oscars” of the Travel & Tourism

Climate challenge: Bridging information gap through innovative climatic information products

Never in the recent history has Sri Lanka faced as many challenges due to disasters as the country did in the last decade

Nolimit again among top 25 best companies to work for

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.

In pursuit of constantly engaging and catering to the needs of consumers, Samsung Sri Lanka adds the

Metropolitan Telecom Services, the fastest growing communications and handset distributors in Sri Lanka, unveiled the new Micromax X1i 2017, catering to the surge in demand for feature phones.

Samsung Sri Lanka launches Samsung Galaxy J series

In pursuit of constantly engaging and catering to the needs of consumers, Samsung Sri Lanka adds the latest J2 Pro, J5 Prime and J7 Prime with power-packed features to the J series.  The latest devices are packed with enhanced features, improved performance and security.

Airtel together with OPPO offers exclusive deals at Airtel stores

Bharti Airtel recently entered into a partnership with one of the fastest growing smartphone brands OPPO Sri Lanka via Sinhagiri (Pvt) Ltd in a bid to provide smartphone support and data package offers. 

Etisalat introduces cliQ to pre-paid mobile subscribers

Etisalat Sri Lanka recently launched cliQ – an app which allows its pre-paid subscribers to purchase time-based mobile data packages.

Losses of four key SOEs closely follow profits of state-owned financial institutions

Four key state-owned enterprises (SoEs) made Rs.30.53 billion in operational losses, almost as much as the operational profits of the entire state-controlled financial system during the first four months of 2017. 

Shares reach 18-month closing high in thin trade

REUTERS: Sri Lankan stocks rose yesterday to reach an 18-month closing high led by telecom and diversified shares, but volume was thin as foreign trading low.

Central Bank believes lending rates should come down despite rate cap removals

The Central Bank said the bank interest rates should trend downwards in line with the easing government securities yields as less pressure is expected from government financing towards the second half of the year.

Mattala airport handles record number of passengers due to BIA closure

Due to the repairs at Bandaranaike International Airport (BIA) earlier this year, Mattala Rajapaksa International Airport (MRIA) had handled a record 48,810 passengers during the first four months of 2017, which was 35 times of the 1,395 passengers it had handled during the corresponding period in 2016, the government data showed.  

Rupee slips on importer dollar demand

REUTERS: The Sri Lankan rupee edged lower yesterday as importers demanded dollars amid mild selling of the US currency by banks and exporters, dealers said.

NDB has demonstrated a robust growth momentum: CEO

This is the 11th of the Mirror Business-Colombo Stock Exchange (CSE) interview series, featuring the top executives of the S&P SL20 companies

Tourist arrivals to Maldives flat in May

The tourist arrivals to the Maldives edged up 0.3 percent year-on-year (YoY) to 93,491 visitors in May with weak arrivals from China and Europe but somewhat being compensated by the increased arrivals from South and Southeast Asia. 

CMA Conference to discuss digitization impact

For several years, digital transformation has been recognised as an imperative for business.  Those slow to adapt are facing the prospect of a generation of customers for whom a digital and connected world is the norm, the alternative unthinkable.