Rupee rises slightly in dull trade; stocks down

REUTERS: The Sri Lankan rupee rose slightly yesterday in dull trade as exporter dollar sales surpassed the importer greenback sales a day after Central Bank’s moral suasion curbed further decline, dealers said.

New US environment chief questions carbon link to global warming

AFP - The incoming head of the US Environmental Protection Agency said this week that carbon dioxide is not the main driver of global warming, a position starkly at odds with the scientific consensus on climate change.

US oil slides below US$50 as ECB ups growth forecast

AFP - Oil prices took a battering on Thursday, with US prices falling below US$50 a barrel for the first time this year, amid worries about increased American shale production in the wake of ramped-up capital investment.

Royal Lanka Agencies opens GMT watch store at Majestic City

With the launch of GMT, an all-new wristwatch store catering to the fashion-conscious urbanites of Colombo and the suburbs, Royal Lanka Agencies (Private) Limited, an already well-established merchandizing entity, further enhanced its market position amongst Sri Lanka’s retail shopper.

Mother Sri Lanka salutes talented ladies this Women’s Day

Mother Sri Lanka’s (MSL) Patriot collection holds a unique story in each of its items; the lust for creativity and the talent revealed by small and medium entrepreneurs have resulted in the creation of beautiful hand crafted items. 

CIM Sri Lanka sets stage for first 2017 networking event

The Chartered Institute of Marketing Sri Lanka (CIM Sri Lanka) will be hosting its first networking event for this year titled ‘Evolution of Music in Sri Lanka’ on March 17, 2017, at the CIM office, No: 20, Deal Place A, Colombo 3, at 6:00 p.m.

NDB Capital Scholarship Trust conducts public speaking training for scholarship students

NDB Capital Scholarship Trust of NDB Capital Holdings Limited (NCAP) is different from other scholarship schemes which provide financial support for university students. Whilst granting financial assistance throughout the university studies, the Trust also supports to produce graduates who are more likely to succeed in the workforce and more appropriately skilled for gainful employment through its career counselling, internships, leadership and o

Women’s Day celebrated with Sari Connection’s Jaffna, Mullaitivu seamstresses

On Saturday, March 4, an event was held at the Barefoot Gallery Colombo to mark the International Women’s Day and showcase the Sari Connection project and its unique products with seamstresses from Jaffna and Mullaitivu.

Germany promises continued support for tourism development

Sri Lanka is targeting 150,000 German tourists this year. This was revealed during a meeting between Tourism Development Minister John Amaratunga and the Federal Minister for Economic Affairs and Energy, Brigitte Zypries on the sidelines of the ongoing ITB in Berlin this week. Zypries is also the Minister of Tourism in Germany. 

Eser Marketing MD launches two books on keeping fit

Eser Marketing Managing Director Harindra Eladetta launched two books authored by him recently. The book in Sinhala is titled ‘Wyayama Awashyada?’ and the book In English is titled ‘Fitness of Human Being’. 

The Marina turns Bolgoda Lake into water sports lovers’ relaxation heaven

The Marina, an exclusive member club built overlooking the calm and tranquil Bolgoda Lake, is the ideal getaway to enjoy a fun-filled, adventurous day or be at peace of mind by indulging in an aura of relaxation. 

Asia markets tepid after another crude sell-off but Tokyo rallies

AFP - Japanese shares rallied yesterday as the dollar surged against the yen ahead of key US jobs data, while other Asian markets swung as energy firms were hit by another sharp sell-off in oil. With the Federal Reserve all but certain to hike US interest rates at a much-anticipated meeting next week the non-farm payrolls release later in the day will be pored over for clues on bank policymakers’ plans for the rest of the year.

Nawaloka Hospitals wins ACCA Sustainability Award

Nawaloka Hospitals PLC was awarded the top award in the General Services and Utilities category at the ACCA Sustainability Reporting Awards 2016, organised by the Association of Chartered Certified Accountants (ACCA) Sri Lanka. 

Story of Samaposha comes alive with real farming families

The story of Samaposha, the favourite breakfast cereal that kick starts the day for Sri Lanka’s children, is woven around the life of farmers who grow the nutritious grain that goes into producing the product. These farming outgrowers form the backbone of the unique Samaposha backward integration scheme that enriches the nation’s health and economy. 

Fairway Selected To Turn Waste Into Energy!

Given the rapidly escalating problems surrounding the management of municipal solid waste (MSW) especially in the Western Province, the Government has seen fit to adopt a “waste-to-energy”

A mega offer from Renault KWID for the Avurudu Season - 5 lease instalments free with free insurance

What if you had a considerable breathing space from the time you sign up for your vehicle lease until you actually pay? That would indeed be a fantastic option, given the financial burden

JIT creates reading corner for Vajira Sri Children’s Development Centre

Just In Time Group’s goal is to create reading corners in orphanages and rural schools for children who are lacking this much needed knowledge development resource. 

Kanrich Finance launches ‘Kanrich Thaksalava’ for students

Kanrich Finance has always been in the forefront as a pioneer financial institute and has always come forward very generously to reach out and lend a helping hand to the betterment of fellow  Sri Lankans. 

SriLankan Cares sponsors ‘Daskon-Pramila’ to help underprivileged communities

SriLankan Cares, the community development arm of SriLankan Airlines, has embarked on a special ‘Village Heartbeat Project’ with Foundation of Goodness to develop the lives and careers of people in underprivileged communities in Oddusuddan and Mullaitivu in the Northern Province.

Dipped Products’ Firstlight wins Gold at JASTECA Awards

Dipped Products PLC, Hayleys Group’s internationally-renowned glove manufacturing subsidiary, emerged as winners of the Ian Dias Abeysinghe Memorial CSR/Sustainability award at the recently concluded Japan Sri Lanka Technical & Cultural Association (JASTECA) Awards 2016. 

India’s MBD gifts e-learning classes for two Sri Lankan schools

India’s MBD, one of the country’s largest education companies, will gift two Sri Lankan schools with two integrated digital  learning solutions. 

Union Assurance emerges winner at ACCA Sustainability Awards 2016

Union Assurance was adjudged the winner in the Financial Services and Insurance category by the Association of Chartered Certified Accountants (ACCA) at the Sustainability Reporting Awards ceremony held on 28th February. 

Asia and the tide against globalisation

The Trans-Pacific Partnership is dead; the largest free-trade zone in the world, the European Union, has splintered and the global economy is on the way to notching up a decade of sub-par growth in trade and output following the global financial crisis.

Meeting impending economic challenges: When going gets tough, the tough have to get going

 No policymaker will deny the fact that Sri Lanka, at present, is facing an extremely precarious economic situation. The looming challenge, if not prudently managed, will drive the country into negative territory in international ratings, making it extremely difficult to attract foreign portfolio and direct investment. 

HNB opens newly relocated Nugegoda customer centre

Catering to rapid growth in commercial and retail banking activity, leading private commercial bank, Hatton National Bank PLC (HNB), officially opened its newly relocated Nugegoda customer centre at No. 190, High Level Road.

ComBank’s NFC payment machines at Dialog outlets

Commercial Bank of Ceylon has entered into an agreement with Dialog Axiata to install its near field communications (NFC)-enabled point-of-sale machines at key Dialog outlets islandwide. 

Seylan Bank launches Facebook Messenger chatbot

Lauded as Sri Lanka’s most digitally engaging bank, Seylan Bank expanded its digital customer support services by introducing Seylan Messenger Bot – a chatbot that responds to customer queries via Facebook Messenger. 

A prelude to accountancy profession

It is an honour to share such a great profession as a Chartered Accountant (CA). A profession that has been evolved over thousands of years, weathered various storms and tested for time. The accountancy profession not only survived but also thrived to be one of the demanding professions globally. 

Samsung rewards Kirindiwela Singhagiri branch that produced a winner

Samsung gave away a Rs.1 million cash prize to the Kirindiwela Singhagiri branch from which the lucky winner Ruwan Tharanga won his apartment in the innovative Win Your Home consumer promotion conducted by Samsung recently.

Sri Lanka impresses at ITB travel show, attracts German market

The Sri Lanka pavilion was a star attraction at the ITB Berlin 2017 international travel show which opened in Germany this week.