Sweden’s Axis awards Prima Management Services ‘Solution Gold Partnership Certificate’

Prima Management Services (Pvt.) Limited (PMS), a leading IT solutions company, became the first Sri Lankan company to be awarded the ‘Solution Gold Partnership Certificate’ by Sweden-based Axis Communications, a leader in  network video.

People’s Leasing & Finance appoints Ahmad Ibrahim as CEO-Designate

People’s Leasing & Finance PLC has appointed Ahamed Sabry Ibrahim as the CEO-Designate with effect from November 15, 2016, as the long-standing CEO D.P. Kumarage is set to retire.  

Implications of sharply rising global LPG prices for Sri Lanka

The international prices of liquefied petroleum gas (LPG) have been rising sharply over the last few months, breaking away from a relatively stable trend seen in the recent times, which may suggest that a permanent shift in prices is taking place.

NCE-ILO renew contract for LEED project

The National Chamber of Exporters of Sri Lanka (NCE) renewed its commitment to support the economic development activities of the Northern Province, to enhance the income of the people by conducting an awareness programme for  non-member exporters.  

Aitken Spence reaffirms support to CA Sri Lanka with lead sponsorship

Leading blue chip conglomerate, Aitken Spence PLC has once again reaffirmed its support to the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) with yet another  lead sponsorship. 

Dr. Priyantha Wijayatunga appointed as ADB South Asia Energy Division Director

Dr. Priyantha Wijayatunga, former Director General of the Public Utilities Commission of Sri Lanka (PUCSL) and a Senior Professor of Electrical Engineering at the University of Moratuwa, has been appointed as Director South Asia Energy Division of the Asian Development Bank (ADB). 

DFCC Bank 4Q profit jumps 74% but core banking under pressure

Specialized project financier turned a fully-fledged commercial bank, DFCC Bank PLC, saw its December quarter (4Q16) earnings soaring 74 percent from a year ago to Rs.759.1 million or Rs.2.86 a share, largely supported by trading and other incomes, provision reversals and notable decline in overheads other than staff costs, the interim results showed. 

Colombo City Centre architects present ideas for the city of tomorrow

“It may be more prudent to create high-density clusters of multifunction spaces and transport hubs than a continued urban sprawl,” architect Simon Griffiths from the UK said, speaking at the 34th National Conference on Architecture recently.

Swift construction progress places Astoria towards timely completion

The Aviation Industry Corporation of China (AVIC), a Global 500 company with its subsidiary company, AVIC International Hotels Lanka Limited, had recently produced a progress update with regards to the upcoming formative construction project of the AVIC Astoria in Colombo 3.

ProMate exercise books create new sales record

ProMate, the leading Sri Lankan brand of exercise books, manufactured in compliance with international standards, established a new sales record during the last school term, Printxcel (Pvt.) Ltd Chief Operation Officer Nalinda Jayamanne said.

Global Lift and Escalator Expo kicks off today

The emerald island gets opportunities for expanding the elevators and escalators market.   

NDB mulls fresh capital infusion as December quarter profits slip 42%

The National Development Bank PLC (NDB) group, a leading project lender in the country, saw its performance being negatively affected by the rising interest rates as the loan growth slowed significantly while the margins remained stubbornly lower as the low-cost fund base narrowed.

India cenbank policy panel cites concerns about inflation

REUTERS: The Reserve Bank of India’s six-member monetary policy committee cited concerns about inflation in holding rates in February, with three mentioning the need to shift the policy stance to “neutral” from “accommodative,” minutes from the meeting showed.

Capitalising on Sri Lanka’s location to manage disasters and achieve SDGs

The new Secretary General of the United Nations took office on January 1, 2017. Antonio Guterres, in his New Year’s message for 2017, publicly called for one shared resolution: to make 2017 the year of peace. Disasters threaten stability and peace. As disasters are ineveitable, frameworks and treaties are in place to mobilise a concerted international effort to minimise the impacts of disasters.

EPIC Technology on show at Mobile Money & Agent Banking Summit in Myanmar

Sri Lanka’s premier and award-winning technology conglomerate, Epic Technology Group, synonymous for innovative world-class technology solutions, was on show at the eighth Annual Mobile Money & Agent Banking Summit 2017, held in Myanmar on February 21 and 22.

CMA integrated reporting workshop on Feb. 28

The Institute of Certified Management Accountants of Sri Lanka (CMA)-organised ‘Integrated Reporting - Practical Aspects’ workshop will be held on Tuesday, February 28, 2017, at Taj Samudra, Colombo, from 1:30 p.m. to 5:00 p.m. 

Shanghai tops Tokyo as Asia’s property investment destination of choice

CNBC: The Chinese city of Shanghai has become the top destination for real estate investment in Asia Pacific, squeezing out Tokyo from the number one spot in the fourth quarter of last year, according to data from JLL.

‘America First’ is unlikely to shake up Asia Pacific

President Trump’s ‘America First’ doctrine is a vigorous argument to change the United States’ actions at home and abroad while departing from the US post-war order that Trump argues left many US workers behind. 

JAT Holdings showcases range of innovative products at Architect Exhibition 2017

JAT Holdings participated in the acclaimed Architect Exhibition 2017 and introduced a plethora of innovative and revolutionary products to the Sri Lankan market. 

Five predictions for clean energy in 2017

2016 was a successful year for clean energy. How will 2017 shape up? I make five predictions based on last year’s numbers and trends.

Santani featured on Travel + Leisure’s 2017 It List

Santani, Sri Lanka’s first purpose-built luxury wellness resort, has been featured in Travel + Leisure’s coveted 2017 It List of the best new hotels around the world. 

NTB unveils new Ward Place branch

On February 21, 2017, Nations Trust Bank (NTB) unveiled its new Ward Place branch, located at Number 16, Ward Place, Colombo 7. 

Mastercard indulges cardholders with year-round savings on travel and dining

Mastercard rolled out a host of year-round, premium travel and dining privileges for cardholders in Sri Lanka with up to 30 percent savings at some of the country’s finest dining establishments, hotels, resorts and spas. 

Visa makes major IoT play with IBM partnership

IBM this week announced the industry’s first collaboration that brings the point of sale everywhere Visa is accepted, by allowing businesses to quickly introduce secure payment experiences for any device connected to the Internet of  things (IoT).

New entrant to Colombo bourse banks on expansions, Trump for future growth

Leading brush manufacturer B P P L Holdings Limited, (Beira Group), which will be entering the Colombo Stock Exchange next month, is hoping that its planned expansion projects, coupled with friendly policies from Donald Trump, would help expand its top line in the future. 

Rohan Victoria appointed as Asian Packaging Federation VP

Sri Lanka is honoured by the appointment of Rohan Victoria as Vice President of the Asian Packaging Federation (APF), the apex body of the packaging industry in the Asia  Pacific region.

Serendib Flour Mills strengthens online presence with new corporate website

Serendib Flour Mills recently launched its new corporate website in keeping with its vision to strengthen its online presence. 

Carolina CTC tea factory establishes all-time auction price

At this week’s ex-estate tea auction held on February 22, 2017, an invoice of PF1 from Carolina Estate, Watawala, established an all time Colombo Tea Auction record price of Rs. 640 for no less than 5 invoices of the PF1 grade and, all invoices were purchased by Uniworld teas (Pvt) Ltd., who is a leading buyer of both liquoring high growns as well as low grown teas, amidst stiff competition from another major multi-national buyer. 

NDB Wennappuwa branch relocates to serve you better

NDB relocated its Wennappuwabranch to a more spacious and a conveniently accessible location at No 204, Chilaw Road, Wennappuwa in a bid to provide a better service experience to people in the area. The branch operating hours are from 9.00 am to 4.00 p.m. during weekdays. 

Serendib Flour Mills strengthens online presence with the launch of its new corporate website

Serendib Flour Mills recently launched its new corporate website, in keeping with its vision to strengthen its online presence. The website (www.sfml.lk)