Third edition of Red Bull Levels returns

Hailed as one of the toughest obstacle courses, Red Bull Levels returns to Sri Lanka for its 3rd edition. 

Perpetual Treasuries Ltd reaches out to spread happiness among the children of the Sabaragamuwa Prov

The dawn of the New Year came with a promising start for over 3000 children in the Sabaragamuwa province thanks to Perpetual Treasuries Ltd

People’s Leasing reaches bicentennial branch opening phase

The leading non-bank finance company in Sri Lanka, People’s Leasing and Finance PLC (PLC), subsequent to opening its 101st and 102nd branches in Walasmulla and Kinniya, commissioned its 103rd branch ceremonially in Warakapola, at No: 177, Kandy Road, Warakapola. 

mCash-Cooplife partner for insurance premium payments

The national mobile service provider, Mobitel, has partnered with Cooplife Insurance Limited to increase its institute partner network for insurance premium payments via mCash.

Bank of Ceylon offers portfolio management services

Being the number one bank in Sri Lanka, Bank of Ceylon (BOC) manages several funds at present and has decided to extend portfolio management service (PMS) to all clients including individuals, corporates and trust funds through its Investment Banking Division. 

NDB announces 200 winners of Rs.5,000,000 cashback bonanza

Shopping with National Development Bank PLC (NDB) Good Life cards was better than ever with the biggest bill wipe out last season. The customers stood a chance of winning by simply shopping for Rs.25,000 on anything, anywhere with their NDB Good Life credit card till December 31, 2016. 

Ceylinco Life to launch 10th Life Insurance Week on Feb. 11

An annual, countrywide campaign to widen the life insurance net through interaction with the masses gets underway on Saturday, February 11, when Ceylinco Life launches its Life Insurance Week (LIW). 

Deutsche Bank posts 1.9bn 4Q loss as legal bill weighs

REUTERS: Deutsche Bank posted a net loss of 1.9 billion euros (US $ 2.05 billion) in the fourth quarter as legal costs for past misdeeds outstripped gains from a rebound in bond trading. Germany’s flagship lender missed the higher expectations of analysts who had expected the bank to post a fourth-quarter net loss of just 1.16 billion euros.

China’s ‘Silk Road’ push stirs resentment and protest in Sri Lanka

REUTERS China signed a deal with Sri Lanka late last year to further develop the strategic port of Hambantota and build a huge industrial zone nearby, a key part of Beijing’s ambitions to create a modern-day “Silk Road” across Asia.

The dark side of transparency

Transparency in the business world—think of buyers and sellers rating each other on eBay, Airbnb and Uber—is generally considered a good thing. It accelerates information gathering, helps people coordinate their efforts and makes those in positions of authority accountable to others.

Samsung Electronics to launch web payments service for Android phones in S. Korea

REUTERS: Tech giant Samsung Electronics Co Ltd said yesterday it will launch a mobile web payments service for all smartphones powered by Google Inc’s Android mobile operating system in South Korea in the first quarter.

ESET celebrates consumer loyalty with special promotion

DCS International Private Limited (DCS), the exclusive authorized distributor of ESET in Sri Lanka, recently launched their “Virus Delete Karanna Thegi Win Karanna” promotion to thank their customers for years of loyalty. 

Nokia beats market expectations, sees network market improving

REUTERS: Finnish network equipment maker Nokia reported its quarterly profits fell less than expected, helped by cost cuts and the acquisition of Alcatel-Lucent, and said the tough global market was starting to stabilise.

Nokia beats market expectations, sees network market improving

Pursuing the beauty of technology all the time, Greentel Mobile (www.greentelobile.lk) brings V8 tablet to your doorstep with its impressive look and in built technological supremacy. 

PanAudio and Japan’s Eiki celebrate 25-year partnership

Pan Audio Pvt. Ltd, commemorated a 25-year partnership with Japan’s EIKI industrial company recently. 

Abans gives touch of genius experience with apple MacBook Pro

Abans Plc, the leading brand for consumer electronics, has recently unveiled the newest generation of the Apple MacBook Pro series for the first time ever in Sri Lanka.  Featuring an integrated Touch Bar, Apple’s latest innovation, the groundbreaking MacBook Pro aims to redefine, revolutionize, and enhance the computer user experience, while catering to the diverse variety of needs conveyed by consumers today. 

IPM and OPA jointly organize ‘Work-Life Balance’ seminar

IPM Sri Lanka together with the President, OPA and Seminars & Workshops Committee organized and hosted the seminar ‘Work-Life Balance’ held at the Auditorium of the Organization of Professional Associations of Sri Lanka (OPA) on 18th January. 

Bimputh Finance celebrates Colours Night

Bimputh Finance celebrated their Colours Night for the second consecutive time at the Golden Rose Hotel. 

Sampath Bank Head of Marketing appointed to Chartered Institute of Marketing (UK) Board of Trustees

Nadi B Dharmasiri has been elected to the Board of Trustees of The Chartered Institute of Marketing (UK) on a three year term beginning January 2017.  

Social enterprises must become more than tinkering of existing capitalist system: Eran

Eran Wickramaratne, Deputy Minister of Public Enterprise Development attending the two-day international

President visits Tamarind Hill by Asia Leisure

President Maithripala Sirisena was recently in Galle to grace an event to mark significant improvements in the application of new technology for the Nilamehewara Janapathi Janatha Sewaya, held at the Labuduwa Siridhamma College in Galle. During this time, he also visited Tamarind Hill by Asia Leisure. 

IATA grants SriLankan ISAGO registration

The International Air Transport Association (IATA) awarded SriLankan Airlines the IATA Safety Audit for Ground Operations (ISAGO) renewal registration, following the successful completion of a comprehensive audit of ground handling operations at Bandaranaike International Airport (CMB). SriLankan Airlines is the 158th ground handling company in the world to receive the mentioned registration.

Indonesian plane skids off runway in new aviation mishap

AFP: An Indonesian passenger plane carrying 130 people skidded off the runway as it landed at a major airport in heavy rain, the airline said yesterday, the latest mishap to hit the country’s aviation sector.

FHAM international exhibition scheduled for April 3

The Food & Hospitality Asia Maldives (FHAM) 2017 international exhibition is poised as the event of the year for the business and hospitality industry of the Maldives. Over the past years, FHAM has been recognized as the main gateway for business in the Maldives. This exhibition is an ideal platform for Sri Lankan exporters to enter into the Maldivian market.

Etihad-Lufthansa agree US $ 100mn catering deal

Etihad Aviation Group and Lufthansa German Airlines, part of Europe’s largest aviation group, recently unveiled the details of a new commercial partnership.

Cocoon Resort gets 3rd TripAdvisor Certificate of Excellence

 Celebrating five years in the hospitality industry this year, Cocoon Resort & Villas, Induruwa has created a name for itself as a boutique resort par excellence located in an exquisite surrounding. Quite notably the resort was awarded the TripAdvisor Certificate of Excellence for the third time in 2016.

Govt. expects to ‘finish off’ H’tota Port sale deal this week

The final details of the agreement to sell the Hambantota Port shares to Chinese State-owned enterprise China Merchant Port Holdings (CMPH) will be finalized this week and the de

Chevron feels squeeze in lube sales as Dec. profit narrows

Chevron Lubricants Lanka PLC (Chevron), the local unit of the American multinational, saw its bottom line narrowing during the December quarter amid flat revenue but closed the financial year in a positive note, the interim financial showed.  

Trump travel ban will impact US tourism

AFP - President Donald Trump’s executive order blocking immigrants from seven majority Muslim nations will hit tourism to the US, the UN’s World Tourism Organization warned  this week.

Keells Food Products Dec. quarter earnings dips 21%

The market leader in processed foods, Keells Food Products PLC (KFP), reported earnings of Rs.3.03 per share or Rs.77.1 million, down 21 percent from a year ago as the revenues fell during the festive December quarter, where strong sales are generally recorded.