Sri Lanka to build 100,000 bpd refinery with India

REUTERS (NEW DELHI) Sri Lanka will build a second refinery with a capacity of at least 100,000 

Industrial Asphalts to borrow up to Rs.650mn

The shareholders of Industrial Asphalts (Ceylon) PLC have approved a resolution allowing the 

India-Sri Lanka to sign ETCA by year end

NEW DELHI: The Economic and Technical Cooperation Agreement (ETCA) between India and Sri 

SriLankan Catering IPO shelved

An Initial Public Offering (IPO) conceptualized for the state-owned national carrier’s fully owned 

FIU and Emigration Dept. join hands to bust money laundering, terrorist financing

Sri Lanka’s Financial Intelligence Unit (FIU) has entered into a Memorandum of Understanding (MOU) 

Mobitel acquires 87.6% of E-Channelling as voluntary offer closes

Mobitel (Private) Limited, the mobile arm of Sri Lanka Telecom PLC, has acquired 87.59 percent of 

NDB conducts recruitment drive and cricket camp with Angelo Mathews

The real challenge for every youngster begins upon completing his secondary education. “What next?” is maybe the top-of-mind question for many at this stage. In this day and age, finding the right career has become the most competitive and challenging task especially for the younger generation. Hence, National Development Bank PLC (NDB) recently took an initiative to uplift the spirit of these youngsters in the southern region.

ComBank receives award as ‘Strongest Bank’ in Sri Lanka from Asian Banker

Commercial Bank of Ceylon recently received The Asian Banker award for ‘The Strongest Bank in Sri Lanka in 2016’ at an awards ceremony in Geneva, Switzerland on the sidelines of SIBOS, the annual conference, exhibition and networking event of the financial industry. 

Ex Sampath Bankers Club organises sing-along with Annesley & Super Chimes

A musical extravaganza ‘Sing Along with Annesley & Super Chimes’ will be presented by the Ex Sampath Bankers Club on Sunday, October 23, 2016 at Grand Monarch, Thalawatugoda, commencing 7:00 p.m. 

Etihad collaborates with top fashion and skincare brands in First Class 

Etihad Airways has revealed its new First Class amenity kits, designed in partnership with two leading brands from the worlds of fashion and beauty: internationally-renowned fashion designer Christian Lacroix, and pioneering Hungarian skincare brand, Omorovicza.

Sri Lanka aspires to host World Economic Forum session after WEDF

State Minister of International Trade Sujeewa Senasinghe said that Sri Lanka is looking forward to hosting the World Economic Forum as it has now got the opportunity to host the 16th edition of the World Export Development Forum which will be held on October 12 and 13 at the BMICH.   

We Are Designers to exhibit at Gitex 2016

We Are Designers (WAD), a digital solutions agency specializing in education, mobile apps and motion graphics, will be attending the 36th Gitex Technology Week from October 16 to 20 at the Dubai World Trade Centre, UAE. 

TBWA Sri Lanka wins 4 Kinsale Shark Awards

Established in 1962, the Shark Awards is one of the oldest international awards festivals in the world entirely focused on unconditional creativity. At the recently concluded Kinsale Shark Awards, TBWA Sri Lanka was recognized with two Gold and two Silver awards for its work with AIA Insurance and a prominent newspaper publication. 

Ceylon Chamber to seek member opinion via online poll

Ceylon Chamber of Commerce has started to seek the opinion of its members on crucial economic and business issues via an online poll system, thus launching another medium, it will use in the future to engage with its members and also other relevant stakeholders.

First Capital Holdings’ ICRA long, short-term ratings reaffirmed

ICRA Lanka Limited, a subsidiary of ICRA Limited, a group company of Moody’s Investors Service, has reaffirmed the issuer rating of [SL]A- with stable outlook for First Capital Holdings PLC (FCH).  ICRA Lanka has also reaffirmed the issue rating of [SL]A- with stable outlook for the Rs.500 million senior unsecured redeemable debenture programme of the company. ICRA Lanka has also reaffirmed the [SL]A2+ rating to the Rs.1,000 million co

Brandix Gold sponsor of 2016 National Occupational Safety & Health Conference

The Brandix group has confirmed it will support the annual National Occupational Safety & Health (OSH) Conference of Sri Lanka for the seventh consecutive year as a key sponsor.

Innovative entrepreneurship is what matters

Dinusha Kumari is just 22 years old, a pretty young girl one would not expect to see engaged busily in what most may consider a not so suitable career for a young lady; yet this courageous young woman from Ruwanwella single-handedly manages the only funeral home in her area.

Senathirajah joins World Vision Lanka as National Director

Dhanan Senathirajah, well known banker, coach and lecturer has joined World Vision Lanka as its new National Director.

Jennifer Aniston makes new friend on Emirates

Hollywood actress, director and producer Jennifer Aniston makes a return to the Emirates A380, and makes a new friend, in a new global digital and TV advertising campaign for the world’s best airline. The ad builds on the success of the first Emirates-Jennifer Aniston ad launched last year, a much talked-about campaign which quickly went viral.

Regus Sri Lanka initiates creative SME networking event

Regus Sri Lanka recently conducted a community event that is focused on the small to medium sized enterprises (SMEs) in Sri Lanka. 

National University of S’pore prof. appointed to CMA Advisory Council

National University of Singapore Accounting Department Head Prof. Ho Yew Kee has been appointed to the CMA Advisory Council.

Walk for Cancer commences

‘Trail’, a unique initiative to raise funds to develop  cancer hospitals in the country, commenced its second phase to raise funds for a similar facility at Karapitiya, Galle. The 28-day journey which commenced on the 6th October from Point Pedro, Jaffna, will conclude in 4 weeks at Dondra Point, Matara. It is hoping to raise Rs.750 million from the public and well-wishers. The public can contribute to the cause via eZ Cash, as w

Sri Lanka Tourism to participate in UK trade road shows

Sri Lanka Tourism Promotion Bureau will be hosting a number of road shows for 2016, which will be a great opportunity for both local and international travel agents. 

Free fuel promo with Sri Lanka Insurance

A promotion sponsored by Sri Lanka Insurance is currently underway at fuel stations in and around Colombo. The campaign sees a lucky winner selected from the motorists driving to a designated fuel station each day, through a raffle draw, which would gift them free fuel worth Rs.5,000. 

DFCC Bank secures loan from Middle East to fuel offshore expansion plans

A three-year US dollar term loan facility has been secured by DFCC Bank from National Bank of Ras Al Khaimah (RAKBANK) of the United Arab Emirates (UAE). Alpen Capital (ME) Limited, an investment banking advisory firm, also UAE-based, acted as the sole financial advisor to the transaction.

DFCC Bank’s branch network keeps growing

DFCC Bank recently established its presence in the towns of Dehiattakandiya and Medirigiriya, with the opening of two fully-fledged branches.The branches were declared open by Arjun Fernando

CIC’s ‘Cial Athwala’ Fund to support educational needs of underprivileged students

Cial, a key stationery brand in Sri Lanka which is manufactured and marketed by CIC Holdings PLC, has launched an innovative social responsibility initiative towards fulfilling one of its sustainability 

The Factory Outletlaunches Kids Club Card for the first time in Sri Lanka

We all have our favorite shopping stores. Whether it’s for clothing or accessories, there’s always that one store we turn to without even thinking. The icing on the cake is when these very stores offer 

TBWA\Sri Lanka awarded 4 shark heads!

Established in 1962, the Shark Awards is one of the oldest international awards festivals in the world entirely focused on unconditionalcreativity.

Dulux Ambiance Miss Intercontinental Contestants begin to arrive

Early this week, Miss Intercontinental Contestants began to arrive in the country for the upcoming pageant on the 16thof October 2016 at Stein Studios, Ratmalana.