LOLC Finance unveils another breakthrough product

Renowned for delivering real-world financial solutions, LOLC Finance PLC, Sri Lanka’s non-banking financial institution (NBFI) giant, has unveiled a comprehensive payment platform named LOLC Real Time.

DFCC Bank ties up with ThePapare.com for March Madness

In yet another awareness initiative under DFCC Bank’s ‘Know & Grow’ campaign aimed at empowering the people of Sri Lanka, DFCC has tied up with ThePapare.com to publish interesting 

Mark Tucker to retire as AIA Group CEO

AIA Group Limited yesterday said its Group Chief Executive and President Mark Tucker has informed the board of directors of the company of his intention to retire from his executive positions with the company and its subsidiaries and take up the role of non-executive Group Chairman of HSBC Holdings PLC.

HSBC to bring customers closer to age-old Avurudu traditions

Bringing a new world to love the old traditions is no easy journey. This year, HSBC plans to bring customers closer to their traditional roots with an Avurudu campaign that is purely centred on long-lived ‘traditions’ that have passed on through generations. 

HNBA annual report showcases 15 years of success and delighted stakeholders

HNB Assurance PLC (HNBA) released its integrated annual report for the financial year 2016 which highlighted the growth in life insurance as well as the general insurance business.

Oman Air Promotes Ongoing 2017 Expansion at ITB Berlin and Celebrates its Media Awards

Oman Air, the national carrier of the Sultanate of Oman, successfully participated at ITB Berlin from 8 – 12 March 2017. In addition to celebrating its dynamic programme of fleet and route expansion,

Sampath cardholders get 30% savings on channeling services with Doc990

Sri Lanka’s cutting-edge digital health portal, Doc990, is presenting unbeatable savings to Sampath cardholders. 

Golden Key Hospital acquires latest technology in surgical microscopy

The Golden Key Hospital has enhanced its capabilities in retinal and cataract surgery with the acquisition of sophisticated new equipment from Zeiss, a world leader in optical systems and medical devices.

Asiri Hospitals to launch Cancer Centre with American Oncology Institute

Asiri Hospitals in its continuing endeavour to bring world class healthcare to Sri Lanka has signed a collaboration with the American Oncology Institute, the international arm of US-based Cancer Treatment Services International (CTSI) to launch the country’s first comprehensive Cancer Care Centre in the private sector.

We will introduce world’s best health practices to Sri Lanka – Health Minister

At a recently conducted press briefing, the National Chamber of Commerce of Sri Lanka appreciated the efforts taken by the government in developing the health sector of Sri Lanka. 

Top biz chamber wants private sector input in new tax bill

Sri Lanka’s premier business chamber yesterday stressed the need to consult the country’s private sector before finalising the proposed Inland Revenue Bill, which is expected to come into effect from April 1, 2017. 

TUI Group mulls using SL as hub to service Indian Ocean region

The Hanover-based international tour operator, TUI Group, has disclosed its plans to use Sri Lanka as a hub in the Indian Ocean region to service other regional destinations, during a meeting with Sri Lanka’s tourism minister, who is currently in Germany, attending ITB. 

Singer dazzles at SLIM-Nielsen Peoples Awards

Singer Sri Lanka, the country’s leading consumer durable retailer, celebrated its 11th consecutive win as Sri Lanka’s popular brand at the latest edition of the SLIM-Nielsen Peoples Awards held at Waters Edge recently.

As drought slashes rice harvest, 900,000 face hunger in Sri Lanka

Thomson Reuters Foundation: The worst drought in five years has pushed 900,000 people in Sri Lanka into “acute food insecurity”, the World Food Programme (WFP) says.

Shares hit 5-wk closing low on rate hike fears

REUTERS: Sri Lankan shares hit a five-week closing low yesterday on worries the country’s Central Bank would raise interest rates at a meeting next week after the International Monetary Fund (IMF) urged it to tighten monetary policy, brokers said.

Aitken Spence partners with leading European parcel delivery network

The Aitken Spence group, following the representation of a leading global international express network for over 35 years in Sri Lanka and the Maldives, has entered into a partnership with the second largest international parcel delivery network in Europe – DPD Group.

Empowering Girls in Sri Lanka: Ericsson, Sri Lanka Telecom Mobitel and OUSL Launch “Connect to Learn

Ericsson Sri Lanka, Sri Lanka Telecom Mobitel and Open University of Sri Lanka (OUSL) unveiled the “Connect to Learn” initiative in Badullaon 10thMarch. To mark the ceremonial launch 

Shangri-La hikes Sri Lankan investment by 60% to US $ 800mn

REUTERS: Hong Kong-based Shangri-La Asia has increased its investment in Sri Lankan properties by 60 percent to US $ 800 million, in order to meet demand for larger-than-planned apartments in Colombo, an official said yesterday.

CB announces change of metal for Rs.1 and Rs.5 coins

The Central Bank yesterday said a new set of Rs.1 and Rs.5 coins would be issued for circulation after changing the metal/alloy from brass-plated steel (gold colour) to stainless steel (silver colour).

Garbage mountain!

The Meethotamulla garbage dump is seen from a high-rise building in Colombo. The government has so far failed to come up with a plausible solution to the garbage disposal problem plaguing Colombo and the suburbs despite the launch of the ambitious Megapolis plan targeting the Western Province 

Jaguar Land Rover celebrates design and innovation at Colombo Fashion Week

Jaguar Land Rover UK’s largest automotive manufacturer continues its long standing partnership with Colombo Fashion Week (CFW) in its Summer edition. 

Brantel appointed sole distributor for CCTV brand Unifore

Brantel Lanka (Pvt) Ltd., one of the biggest players in the country’s mobile phone market, has diversified into the supply and installation of closed circuit television (CCTV) cameras, following the appointment of the company as sole distributor in Sri Lanka for Unifore, one of China’s leading IP and analogue surveillance equipment manufacturers.

Fashion Bug wins Gold for ‘Best Key Account Partner’ at Triumph Awards

Fashion Bug, one of Sri Lanka’s leading retail clothing stores clinched the Gold Award for ‘Best Key Account Partner’ for the fourth consecutive year at the recent Annual Sales Conference of Triumph International.

Kushan Kodituwakku appointed as new COYLE Chairman

The Chamber of Young Lankan Entrepreneurs (COYLE) appointed its new Chairman Kushan Kodituwakku for the year 2017/18 at the Annual General Meeting held recently at the Oak Room of Cinnamon Grand, Colombo.

Elephant House Cream Soda bags ‘Beverage Brand of the Year’ at People’s Awards

Elephant House Cream Soda has won a remarkable 11th “Beverage Brand of the Year” at the recent SLIM-Nielsen People’s Awards 2017. 

eMarketingEye bags 5 wins at HSMAI Adrian Awards

eMarketingEye, the award-winning Sri Lankan integrated Digital Marketing Agency and a pioneer in the industry, bagged 5 awards at the prestigious 2016 HSMAI Adrian Awards held recently. 

Ajith Nivard Cabraal refutes recent allegations by Finance Ministry

Former Central Bank Governor Ajith Nivard Cabraal in a statement yesterday refuted the recent allegations by the Finance Ministry of managing the public debt fraudulently and issuing treasury bonds in violation of the law.

Waters Edge and Green Leaves Entertainment ink agreement for 500 pax theatre

Bringing to life an initiative to become an all-inclusive entertainment hub in Sri Lanka, Waters Edge together with Green Leaves Entertainment recently inked an agreement for the operation of a 500 pax theatre at the hotel. 

Rohan Masakorala to address Industry Leaders’ Strategy Summit in China

New for 2017, Intermodal Asia – the world’s leading exhibition and conference for the global container, transport and logistics market – will launch the Industry Leaders’ Strategy Summit (ILSS), which will take place from March 21 to 23, 2017, in Shanghai, China.

NCC ‘Insight to Fraud Detection’ seminar on March 21

A half-day seminar on ‘Insight to Fraud Detection’ will be conducted on Tuesday, March 21, 2017, from 9:00 a.m. to 1:00 p.m., at the chamber auditorium, No: 450, D.R. Wijewardene Mawatha, Colombo 10.