NDB sponsors CKD mobile screening project

As a responsible corporate citizen, NDB strives to make meaningful contributions to society through its strategic sustainability initiatives that aim to inspire the sustainable growth of a progressive Sri Lanka. 

Abans gives school requirements to staff’s children

For the sixth consecutive year, the Abans Welfare Society conducted one of its biggest corporate social responsibility (CSR) projects at its Kadolkale warehouse in Seeduwa, where over 1000 children of the Abans group staff were presented with all their requirements for the new school year.

NHRDC assists Gampaha needy children

The National Human Resource Development Council (NHRDC) of Sri Lanka in collaboration with the Tourism Minister’s office and Lion’s Club of Wattala distributed over 350 school bags, books and other items to needy children in the  Gampaha District. 

Gulf Air counts down to Colombo route launch

The Kingdom of Bahrain’s national carrier, Gulf Air, yesterday began its official 14-day countdown to the highly anticipated launch of the airline’s first flight to Bandaranaike International Airport, in the Sri Lankan capital Colombo, which will commence on January 19, 2017 with five flights  per week.

HNB-NHRDC hold HR development programme

HNB HR at the request of the National Human Resources Development Council (NHRDC) conducted an HR for non-HR workshop covering some of the key areas in human resource management over a period of three months. 

Sri Lanka-Thailand Business Council holds AGM

The Annual General Meeting (AGM) of the Sri Lanka-Thailand Business Council (SLTBC) was held at the Siam House, Colombo recently.

Singer donates water purification plant, distribution system to Ulukkulama village

Singer Sri Lanka PLC, the country’s leading brand of household and electrical appliances, in its latest contribution towards the eradication of chronic kidney disease (CKDu), donated a water purification plant to the rural village of Ulukkulama in the Anuradhapura District. 

Kalubowitiyana teas establish all-time record price

Kalubowitiyana Tea Factory achieved Rs.670 at the auction held on January 3/4, 2017 thus establishing an all-time record price. The teas were purchased by M/S Watawala Tea Ceylon Ltd and the selling broker was Ceylon Tea Brokers PLC. The factory is managed by Kalubowitiyana Tea Factory Ltd.

SL’s new forex law to make violations civil offence

Sri Lanka’s new Foreign Exchange Act, which is expected to be presented to parliament this year, will do away with the current practice of foreign exchange-related offenses being prosecuted in a criminal court, as such will be dealt in a civil court, according to the Central Bank Governor. 

November tea output edges up on good weather

REUTERS: Sri Lanka’s tea output edged up in November for its first monthly gain in 10 months thanks to favourable weather conditions, the state-run Sri Lanka Tea Board said yesterday. 

Struggling stockbrokers ask for temporary deactivation

The Securities and Exchange Commission (SEC), Colombo Stock Exchange (CSE) and stockbrokers are actively engaged in a discussion over the sustainability of the broking industry as many broking firms are losing money heavily due to the depressed state the Colombo bourse is currently in, Mirror Business learns. 

Strong growth predicted for Lankan oil palm industry

Sri Lanka’s oil palm plantation operators can expect strong growth in the industry for the foreseeable future due to the global palm oil demand, the research arm of a Colombo-based equity brokerage said in a report.  

State-owned buildings to go green

The inaugural ceremony of the national programme to transform all state sector buildings into renewable energy centres will be officially held under the patronage of Finance Minister Ravi Karunanayake at the Finance Ministry next Monday (January 9).

Rupee flat; CB Governor’s comments weigh

REUTERS: The Sri Lankan rupee ended steady in thin trade yesterday amid worries over slowing foreign fund inflows and after the Central Bank chief signalled a change in the monetary authority’s intervention policy to defend the currency.

Sampath Bank makes commercial property renting unit fully-owned subsidiary

Sampath Bank PLC yesterday said it purchased 2.88 percent shares of Sampath Centre Ltd, a company in the business of renting commercial property, making it a fully-owned subsidiary of the bank.

Bloomberg lists Sri Lanka among 20 hottest luxury travel destinations

Sri Lanka has been listed as one of the 20 hottest luxury tourism destinations in 2017 by business media conglomerate, Bloomberg.

Oceanfront Condos Nilaveli completes major milestone

ICC Developers (Pvt) Ltd announced the completion of the main structures of its newest venture, ‘Oceanfront Condos-Nilaveli’. 

Where to invest in real estate in 2017?

Year 2017 promises to be an exciting year for real estate investment.  With more and more developments popping up in the world’s key emerging markets, the eyes are away from Europe and the US, and onto countries such as Mexico, Philippines, Sri Lanka and Pakistan. 

EDB promotes SME jewellery manufacturers under 2000 Exporter Development Programme

The Export Development Board (EDB) has initiated a number of programmes focusing the small and medium enterprises (SMEs) especially in the provinces to develop identified entrepreneurs to become exporters ready under the 2000 Exporters  Development Programme.

CAMMS enters Sri Lankan market

Global business management software company CAMMS has launched in the Sri Lankan market. A leading provider of enterprise performance management (EPM) and business intelligence (BI) software, CAMMS has teamed up with Sri Lanka’s number one life insurance company, Ceylinco Life.

Asanga Ranasinghe appointed to Laugfs boards

Laugfs Holdings, one of the largest diversified business conglomerates, announced the appointment of Asanga Ranasinghe to the boards of Laugfs Holdings and Laugfs Gas PLC as Executive Director.  He is also appointed as Sector Managing Director of the Consumer and Retail cluster of Laugfs Holdings and further holds the position of Group Marketing Director.

Dr Neville Fernando Teaching Hospital offers complete treatment for spinal cord injury

Dr Neville Fernando Teaching Hospital Malabe (NFTH) has opened a new unit which offers comprehensive treatment to patients suffering from spinal cord injury. 

SLASSCOM takes part in Europe’s largest innovation convention in Oslo

Oslo Innovation Week, Europe’s largest innovation convention that included a five-day series of events, was held recently at the Forskningsparken science park in Oslo, Norway. The organisation Oslo Innovation Week is owned by the City of Oslo and Innovation Norway and Oslo Business Region. 

Golden Key Hospital’s revamped website facilitates doctor appointments

The website of the Golden Key Hospital has been revamped with improved functionality and a new look and feel, enabling visitors to make appointments with consultants online as well as to access more information on the hospital’s facilities and services. 

Teejay first in industry to develop green fabric

Teejay, South Asia’s leading fabric manufacturer, has taken the lead in producing green fabric for some of its key customers. The company, which was named amongst the 2016 Forbes list of Asia’s Top 200 Companies under a Billion US dollars, announced its new identity last month and the sustainability initiative is one of the long-term goals under Teejay’s new direction.

Asiri Hospitals signs MoU with NITF to provide customised healthcare packages to state sector employ

Beneficiaries of the National Insurance Trust Fund (NITF)’s healthcare services will now be eligible to seek treatment at any hospital under the Asiri Group of Hospitals following the recent signing of a memorandum of understanding (MoU) between the two organisations. 

Central Bank unveils monetary and financial sector policy road map for 2017 and beyond

Following is the part covering the monetary policy, financial sector and economic strategies of Central Bank Governor Dr. Indrajit Coomaraswamy’s speech at the launch of ‘Central Bank Road Map for 2017 and Beyond’ on Tuesday.

Softlogic group ventures into real estate

The Softlogic group has ventured into real estate with Softlogic Properties (Private) Limited acquiring a land off De Fonseka Road, Colombo 04 for the construction of an apartment complex.

Cisco holds Partner Summit

Cisco Partner Summit was held at Jetwing Blue Hotel in Negombo recently with almost 120 Cisco partners from all around the country attending. 

Pasyale Ayurveda Osu excels at Entrepreneur Awards

Pasyale Ayurveda Osu (Pvt) Ltd has won National Silver Awards in the categories Sri Lankan Entrepreneur (Large Category) 2016 and the Provincial Silver Award (Large Category) 2016 at the Sri Lanka Entrepreneur Awards 2016 held recently in Colombo.