Iconic Developments breaks ground for US$ 50mn apartment complex

The ground breaking ceremony of the US $ 50 million Iconic Developments Limited’s, second project ‘Iconic Galaxy’ took place in Rajagiriya yesterday, with the presence of Minister of Megapolis and Western Development Patali 

JAT revolutionizes construction field with ‘Master Plaster’

JAT Holdings has revolutionized Sri Lanka’s construction arena with its ‘Master Plaster’ all-in-one-solution, thereby totally eliminating the usage of sand in plastering. 

Blue Mountain Apartments to break ground for Achilleion today

Blue Mountain Apartments, part of the Blue Mountain Group, is set to commence the construction of its most iconic development project to date – Achilleion, Colombo’s first 7-star luxury apartment complex. 

Access Projects completes Anantara Kalutara Resorts project successfully

Access Projects (Pvt) Ltd, a fully owned subsidiary of Access Engineering PLC and one of the leading contractors in the leisure related building industry, has recently completed the construction of Anantara Kalutara Resorts & Spa for Serendib Leisure Management Ltd.

2017 Real Estate: Top five emerging market trends

Year 2016 was a challenging year for real estate. Most of the year was rapt with uncertainty in the aftermath of two seismic events—Brexit and the US elections. 

Hameedia greets New Year with dynamic approach, strategic changes to leadership

On the first day of 2017, Sri Lanka’s leading menswear specialist, Hameedia, embarked on the new year by gathering at the factory premises to focus on its personal and professional goals for the year. 

Alann Lopez takes up appointment as OMG Sri Lanka COO

Omnicom Media Group (OMG) of Sri Lanka celebrated the New Year with the appointment of a new Chief Operations Officer. Made up of 50 percent method and 50 percent madness, Alann Lopez is a welcome addition to OMG’s diverse environment. 

WiLAT empowers young women through Ignite mentoring initiative

Women in Logistics and Transport (WiLAT) Sri Lanka celebrated their second anniversary of its flagship mentoring event recently at The Kingsbury Colombo with a panel discussion consisting of eminent speakers from an array  of industries.  

Just In Time Group holds inaugural Long Service Awards

Commencing operations with modest beginnings 20 years ago, Just In Time Group is proud of its position as a leading ICT systems and solutions provider in Sri Lanka to a niche market and  has today grown to unparalleled success cementing its position and harnessing its success and expertise towards the ICT footprint of the country.

Synchronizing digital customer and business

The digital phenomenon is a hot topic that has forced businesses to question whether it is a passing trend or a strategic boardroom discussion which needs C-Suite  profound thinking. 

Kingston University awards Dr. Rajapakse honorary fellowship

Dr. Dayan Rajapakse was awarded honorary fellowship from Kingston University (UK) during the graduation ceremony held on 10th December 2016 at  the BMICH. 

Etisalat ranked Best Service Operator in Sri Lanka

Etisalat has been assessed and confirmed by the telecommunications regulator as the best service level delivered call centre in the country among mobile telephony operators for three consecutive quarters. 

Microsoft says interested to assist SL’s digitalization process

A top Microsoft official has expressed interest to assist Sri Lanka to improve its computer literacy and to speed-up the country’s digitalization process.

Japan’s Takima Tech launches solar energy technology in Sri Lanka

Takima Tech, the Japanese innovation solar energy technology was officially launched in Sri Lanka recently, during which they also announced the opening of their showroom in Battaramulla next month.

EMP secures export deal with Maldives’ Fenaka Corp

Electro Metal Pressings (Pvt) Ltd recently secured an export agreement with Fenaka Corporation, the government-owned utility service provider of Maldives. 

NSB receives AAA(lka) national long-term rating for 15th year

Fitch Ratings has affirmed the AAA (lka) national long-term rating to NSB with Stable Outlook following their periodic review of the large banks peer group which was announced by the Fitch recently. 

HNB joins hands with Citi Bank to promote Urubokka small businesses

HNB GP Micro Finance programme was involved in a further project of extending finances for small businesses in Urubokka of Southern Province in partnership with Citi Bank Sri Lanka Branch and Ceylon Chamber of Commerce under a special project titled ‘Rural economic empowerment’. 

ComBank raises remittance stakes with ‘Gedarata Thégi’

Sri Lanka’s benchmark private sector bank is offering recipients of remittances the chance to win a veritable treasure trove of 101 gifts – a car, four scooters, 12 LED TVs and 84 cash prizes in its exciting ‘Gedarata Thégi’ (Gifts for the Home) promotion unveiled on 18th January.

HSBC to shift staff from Britain to Paris after Brexit

REUTERS: HSBC will move staff responsible for generating around a fifth of its UK-based trading revenue to Paris following Britain’s exit from the European Union, Chief Executive Stuart Gulliver said yesterday.

AICPA urges S. Africa’s audit regulator to reject mandatory audit firm rotation

The Association of International Certified Professional Accountants (AICPA) has voiced its strong opposition to a plan by South Africa’s Independent Regulatory Board for Auditors (IRBA) to implement mandatory audit firm rotation (MAFR).  

NDB offers balance transfer option at minimum 2.5%

Credit cards have now become a common mode of transaction for many, and are becoming increasingly dependent on more than one credit card. 

Bureaucracy seen among key reasons for poor export performance

Sri Lanka’s complacent bureaucracy has caused exporters to give up or move their businesses to other countries, which has mainly accounted for the country’s abysmal export performance, the Colombo-based think tank Verité Research said, yesterday.

Sri Lanka borrows US $ 125mn from WB to modernize agriculture

Sri Lanka has borrowed US $ 125 million from the World Bank (WB) to modernize its agriculture sector, as the country aims to make the sector more efficient and attractive as a modern business,

SriLankan Cargo sets new record for cargo handling

SriLankan Cargo, the freight handling arm of SriLankan Airlines, set a new record for the amount of cargo handled at the Cargo Centre of Colombo’s Bandaranaike International Airport (BIA) with a massive total of 239,636 tonnes in 2016, a remarkable growth of 12.88 percent over the 212,277 tonnes in the previous year.

Lankan delegation holds discussion with WEF Exec. Chairman

The Sri Lankan delegation in Davos, Switzerland, led by Prime Minister Ranil Wickremesinghe, met with World Economic Forum (WEF) Founder and Executive Chairman Klaus Schwab yesterday. The picture shows Wickremesinghe,

Power regulator allows instalment payments for new electricity connections

The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, has introduced a guideline

EDEX Expo 2017 to kick off tomorrow

 Sri Lanka’s largest education exhibition and job fair – EDEX Expo – will be held from January 20 to 22, 2017, at the BMICH Colombo and on January 27 and 28, 2017 at Kandy City Centre  (KCC), Kandy. 

StanChart includes SL in Jan. 24 Global Research Briefing

Standard Chartered’s Global Research Team has included Sri Lanka as part of its Global Research Briefing circuit, and will conduct a closed-door exclusive session entitled ‘Welcome to the Jungle’ for the bank’s clients on Tuesday, January 24, 2017. 

Hendricks Tea outlet opening brings quality aromas to Kiribathgoda

Amid a splash of colours and quality aromas, Hendricks Tea, one of Sri Lanka’s leading brands that produces finest and freshest Ceylon Tea, launched its newest outlet in Kiribathgoda, in a bid to popularize itsfinest teas at reasonable prices. The new outlet in is located in Kandy Road, Kiribathgoda.  

UTE uses Six Sigma to work with corporate clients

Many companies around the world adopt the Six Sigma Methodology in an effort to improve any area.