Risks related to downloading popular game apps via unfamiliar sources

Fortinet–the global leader in high-performance cyber security solutions, issued an alert to caution gamers from downloading popular game apps such as Pokémon Go apps from unfamiliar sources.  “Leading up to the official launch of Pokémon Go in the APAC region, some impatient gamers may have downloaded the virtual augmented game through unsecured third party websites and social media platforms,” said Axelle Apv

Supergrip marks 10th year anniversary

Supergrip International (Pvt) Ltd is the sole agent for Fedreal brand tyre in Sri Lanka.  The company celebrated the 10th year anniversary of Federal brand tyre at Hotel Galadari on 15th October the presence of Sales Director Dawu and Jhonny, Manager, Global Sales of Federal Cooperation in Taiwan and dealers island wide.

Swadeshi empowers environmental pioneers

In keeping with this commitment, Swadeshi Khomba recently sponsored the 12th ‘Environment Pioneer National Camp’, which was held at the National College of Education, Peradeniya.  This year’s national camp was attended by 400 activists, including 300 environmental pioneers who have excelled in the Environmental Pioneer Program.

Fitch rates People’s Leasing’s senior debt final ‘AA-(lka)’

Fitch Ratings Lanka has assigned People’s Leasing & Finance PLC’s (PLC, AA-(lka)/Stable) senior debentures of up to Rs.8 billion a final National Long-Term Rating of ‘AA-(lka)’.

Prassanna wins ‘Most Outstanding Corporate Trainer’ award

The South Asian Business Excellence Awards and Partnership Summit are hosted by World HRD Congress and endorsed by Asian Confederation of Businesses. 

Tourism Minister reverses decision to abolish minimum room rate next year

The country’s tourism authorities have reversed their stance on the minimum room rate applied on 

ComBank unveils ‘Smart Schools’ initiative

A ground-breaking new initiative to raise averages for pass levels in key subjects in the secondary schools curriculum has been launched by the Commercial Bank of Ceylon as part of its extensive commitments to promote education.

​​Craighead Estate enters record price books again

Craighead estate established an all-time record price of Rs. 780 for a Pekoe grade in the western medium category, at the weekly tea auctions held on October 25, 2016. 

SLSI appoints new Director General

Gamini Dharmawardena, acting Director General of the Sri Lanka Standards Institution (SLSI) has been appointed as its new Director General.

Siddhalepa Ayurveda Hospital celebrates 28th anniversary

The Siddhalepa Ayurveda Hospital at Templer’s Road, Mt. Lavinia, completed twenty eight years of service during which it popularized the ancient Sri Lankan Ayurveda both within the country and internationally and provided relief to thousands of patients. ?

Vallibel Finance becomes first finance company to enter Uragasmanhandiya

Vallibel Finance stamped its stature as a development crusader, putting a little known southern town on the radar, while at the same time, taking its novel brand of financial stewardship to yet another hill station.  

Seylan becomes exclusive banker for ‘Art of Living’ exhibition

Seylan Bank is the title sponsor and exclusive banker for the ‘Seylan Sihina Nivahana - Art of Living’ exhibition 2016 to be held on 28th, 29th & 30th October at the BMICH. 

Finance Ministry gathers budget proposals from trade unions

The proposals for budget 2017 from trade unions of public sector, statutory boards and private sector were collected recently at a meeting held with the patronage of Finance Minister Ravi Karunanayake at the Ministry of Finance. 

SriLankan welcomes ‘TrailSL’ participants

SriLankan Airlines recently partnered with ‘TrailSL’ in aid of raising US$ 5 million to build a cancer treatment facility in Galle as an extension of the Karapitiya Teaching Hospital. 

Watawala 2Q profit jumps over palm oil

The diversified regional plantation company, Watawala Plantations PLC, saw its September net profit jumping to Rs.309.3 million from Rs.131.1 million a year ago, an increase of 136 percent, as the palm oil business pushed both top-line and the bottom-line performance. The company made Rs.1.31 a share profit against 55 cents during the same quarter last year. 

EFL returns with annual ‘Bulb for Bulb’ green campaign

Illuminating homes whilst sharing a green-conscious message, Expolanka Freight (EFL) brought back its ‘Bulb for Bulb’ campaign for the second consecutive year.

Union Bank 3Q net up 74% to Rs.133mn

Union Bank of Colombo PLC saw its net profits for the quarter ended September 30, 2016 (3Q16) rising as much as 74 percent to Rs.133.2 million from a year ago, on the back of modest growth seen in the bank’s loan book, but the margins came under further pressure as interest rates rose, the interim financial accounts released to the Colombo Stock Exchange showed.

Puritas Oxypura- Personal Protection Partner of Colombo Motor Show

Puritas, a fully owned subsidiary of Haycarb, a Group member of Hayleys PLC was the personal protection partner of the recently concluded Colombo Motor Show 2016, the largest international automobile event in Sri Lanka. 

Cargills Bank opens latest branch in Galle

Cargills Bank opened its latest branch in Galle recently, increasing its branch network to 12 as it continues its journey of expansion.

Fitch rates Bank Ceylon’s proposed subordinated debt up to Rs.8bn ‘AA(lka)(EXP)’

Fitch Ratings has assigned Bank of Ceylon’s (BOC; AA+(lka)/Stable) proposed subordinated debentures of up to Rs.8 billion an expected national long-term rating of ‘AA(lka)(EXP)’. The debentures, which are to have tenors of five and eight years and carry fixed and floating coupons, are to be listed on the Colombo Stock Exchange. 

Asian Alliance changes to Softlogic Life Insurance

Asian Alliance Insurance PLC, which commenced operations in 2001, announced its corporate name change to Softlogic Life Insurance PLC, with the launch of its brand Softlogic Life.

WUSC holds seminar on sustainable CSR for construction sector

The World University Service Canada (WUSC) in collaboration with Chambers and National Level organizations held seminars and networking sessions from the 17th to the 20th October with Canadian CSR coach Steven Fish, Executive Director of Canadian Business for Social Responsibility (CBSR). 

Lego Group recognizes KTI for unique initiatives

Kiddies& Toys International (KTI) was recognized by the Lego Group for their unique engagement initiatives. The Sri Lankan company, which beat out other regional distributors for the top prize, was the recipient of the ‘Best Big Bets Plans and Execution’ award at the recently concluded Lego Distributor Conference for Emerging Asia 2016 which took place in Billund, Denmark. 

BMICH office spaces achieve 100% occupancy

The BMICH recently announced its office spaces have achieved full occupancy with clients selecting the venue as their business address. 

Ceylinco Life’s sales stars win 7 awards at NASCO 2016

Ceylinco Life has reaffirmed its supremacy in the sphere of sales, winning seven awards at the 2016 National Sales Congress (NASCO) Awards presented by the Sri Lanka Institute of Marketing (SLIM). The life insurance leader’s rich haul of awards included all three awards in the ‘Frontliner’ category in the life insurance sector, and comprised of two Golds, three Silvers and two Bronze awards. Ceylinco Life’s star at the awa

Nawinna Medicare relaunches with modern facilities

With a strong focus in providing high-standard patient care with state-of-the-art medical facilities and services, Nawinna Medicare Private Hospital recently relaunched its operations with a new outlook.

Mobitel empowers eChannelling to take digital healthcare to new heights

Mobitel has taken digital healthcare to the next level by including eChannelling PLC, the largest doctor channeling network in Sri Lanka, to its portfolio strengthening its vital position in the telecommunications industry in the country. 

COPE report on bond scam: Chandra appeals to Speaker and MPs

Please reflect for a moment on the oath of office you took in entering Parliament as a member. You swore to uphold the Constitution of Sri Lanka on that occasion. You are aware that by Article 3 of the Constitution, the sovereignty is vested in the people and is inalienable. Sovereignty includes the powers of government, fundamental rights and the franchise.

MBSL & Finance relocates Nittambuwa branch

The Nittambuwa branch of MBSL & Finance PLC has moved to bigger, better and more convenient premises to enhance service quality for customers. 

People’s Bank foreign remittance promo winner emerges from Kiribathgoda branch

Chandrika Wijitha Sri, an account holder at the Kiribathgoda People’s Bank branch, was the 17th lucky winner of the weekly People’s Bank Foreign Remittance Gold Fortune 2016.