Excel World becomes Colombo’s coolest place this Christmas

It’s the season for carolling, presents under the tree, sounds of bells and good cheer! It is again that special time of the year that is filled with holiday traditions, gifts and special surprises. This year, add more excitement to your holiday season by heading to Excel World, as it hosts the much-awaited Snow World 2016 for the 14th consecutive year. 

Rupee steady in thin trading ahead of holiday

REUTERS: The Sri Lankan rupee was steady in lacklustre trading yesterday ahead of a long weekend, amid little importer demand for the dollar,  dealers said.

Coca-Cola and magical story of Santa Claus

Over the years Coca-Cola with its well-loved Christmas adverts and campaigns, as well as its ongoing promise of refreshment, has become an integral part of the holiday season. The festive season however,

4rever celebrates a decade of beauty

4rever Skin Naturals (FSN), one of Sri Lanka’s largest herbal-based cosmetics manufacturers, celebrated its 10th anniversary this year. The brand’s journey has been very fragrant and colourful as it has gone from strength to strength since its inception. As part of the celebrations, 4rever engaged in religious observances and various other programmes in Anuradhapura and around  the island.

PABC organises evening of Christmas carols

Pan Asia Bank recently organised an evening of Christmas carols to celebrate the spirit of the season. At this event, which was held at Pan Asia Bank’s head office, talented choristers of Pan Asia Bank staff entertained the audience with a selection of seasonal melodies in the presence of the management, staff and their families.

ZMAX Fairway Colombo takes on lead role in Colombo Art Biennale

From December 2 to 20, Colombo was the location of Art Biennale 2016, an exhibition of art, architecture, music and performance centred on the theme, Conceiving Space.

Mobitel Cash Bonanza Montero Extravaganza awards 11th lucky winner

Cash Bonanza Montero Extravaganza 2016, introduced by the national mobile service provider SLT Mobitel, saw A.L. Sathkumara from Weerapokuna walk away with the Montero for November 2016, as the 11th lucky winner. 

Abans rewards annual Christmas carol competition winners

Abans recently held its Christmas carol competition at Abans Elite Welisara. 

DSI Mega 2016 Shopping Festival Opens With A Bang

The ultimate shopping festival, DSI Mega 2016 was declared open on the 23rd of December. Happening at the head office complex of D. Samson and Son

Loud call for unity to protect Governor, Central Bank’s independence

Highly respected economist Prof. Razeen Sally this week revealed clear attempts by certain powerful individuals in the government to undermine the good work of the incumbent Central Bank...

Shares fall for 8th straight session in thin trade

REUTERS: Sri Lankan shares fell for an eighth straight session yesterday, closing at their lowest in more than eight months, in typical holiday-thinned trade as investors stayed away ahead of the Christmas weekend.

Brac Lanka Finance to raise Rs.1.3bn via rights issue

The LOLC group’s Brac Lanka Finance PLC (NIFL) yesterday announced its plans to raise Rs.1.32 billion through a rights issue of shares

Much to worry despite touted optimism, say economists

?Despite the bullish attitude of the country’s finance minister, Sri Lanka’s import-driven economy is unlikely to experience any respite on its external front for a significant period of time, senior economists warned recently, compounding fears over the trigger of another economic crisis.

Sujan International launches healthy vegetarian food range

Focusing on healthy vegetarian lifestyle, Sujan International (Pvt.) Ltd has introduced a range of highly nutritional beverages and vegi kottu with moringa. 

Maliban becomes only food company to seize World Class Award at APQO Conference 2016

Maliban Biscuits, Sri Lanka’s most renowned and trusted biscuit manufacturer, has become the only food company..

Randeniya Int’l receives Western Province Best Entrepreneur Award

Randeniya Internatinal (Pvt.) Ltd received the award for Best Entrepreneur 2016 in the Western Province recently.

Dialog TV introduces Power Plus package

Dialog Television, the leading satellite entertainment network in the country with over 800,000 customers, launched its newest post-paid monthly rental package Power Plus to the market recently. 

LOLC subsidiary opens first utility-scale solar power project in Sri Lanka

The LOLC group company, Sagasolar Power (Private) Limited (Sagasolar), announced the opening of the first-ever utility-scale solar power plant in Sri Lanka.

Sri Lanka in danger of falling back into Rajapaksa tyranny

Despite the progress made over a few minor matters, since the silent revolution on January 8, 2015, which established the coalition government, no good governance has been established thus far and Sri Lanka is dangerously getting closer to relapsing into a “Rajapaksa dictatorship”, a renowned economist warned this week. 

Finance Ministry releases Rs.7bn for fertilizer subsidy this season

The Finance Ministry has released Rs.5.5 billion to the Agriculture Ministry to be distributed among the farmers to purchase fertilizer for the Maha season.  

National inflation slows to 4.1% in November

Sri Lanka’s national inflation, measured by the National Consumer Price Index (NCPI), slowed to 4.1 percent in November from 5.0 percent in October, on a year-on-year (YoY) basis.

JKH’s processed food subsidiary moves down to secondary board

Keells Food Products PLC (KFP), the processed food manufacturing arm of the country’s largest conglomerate John Keells Holdings PLC (JKH), yesterday got itself transferred to the secondary Diri Savi Board from the Main Board of the Colombo Stock Exchange (CSE).  JKH had divested some of its shares this August to keep KFP listed on the CSE under the minimum public float rules, which were revised last month.

BOC’s Rs.8bn debenture issue snapped up on opening day

State banking giant Bank of Ceylon’s (BOC) listed rupee debenture issue up to Rs.8 billion was snapped up on the opening day (yesterday) with the value of total applications received exceeding over Rs.10 billion. 

Tourism Fest 2016 kicks off

By Supun Dias The annual Tourism Fest 2016, organised by the Tourism Development and Christian Religious Affairs Ministry, was declared open by Prime Minister Ranil Wickremesinghe at the Independence Arcade, this Tuesday.  Attracting a substantial crowd, both local and foreign, this year’s edition of the festival holds the promise of entertainment and fun that will undoubtedly intensify the festive feeling that comes round this time of

DFCC Bank – The premier renewable energy financing institution

DFCC Bank is proud to be the lead financier of Sri Lanka’s first utility-scale grid connected solar power project implemented by the private sector. Promoted by Sagasolar Power (Pvt) Ltd

Riu Sri Lanka, a new ‘Rising Star’ in the hospitality industry

Riu Sri Lanka hotel has been chosen this year Rising Star 2016 in the recent Expedia Annual Partner Awards. The hotel opened its doors in August 2016

Coca-Cola’s Beloved Christmas Caravan Is Back To Refresh The Season

Coca-Cola’s beloved Christmas Caravan is set to refresh the holiday season once again in over 20 locations throughout Sri Lanka.

Selling SOE shares not privatization: FinMin

The sale of a majority of shares in state-owned enterprises (SOEs) is not privatization, but commercialization, Finance Minister Ravi Karunanayake stressed recently, despite past instances being classified to the contrary.

ADB signs US$115mn loan to improve rural electricity supply in Sri Lanka

The Sri Lankan government and the Asian Development Bank (ADB) yesterday signed the agreement to provide a US$ 115 million loan to uplift electricity supply in Sri Lanka’s rural regions, a Finance Ministry communiqué said.

Tea Broker calls for Ceylon Tea exports into Asian markets

One of Sri Lanka’s eight tea brokers, Ceylon Tea Brokers PLC, recently called on the industry to consider preparation to break into Asia’s high-growth beverage market, as traditional commodity exports are starting to lose steam.