NTB offers credit cardholders special savings at Damro

Nations Trust Bank (NTB) recently partnered with Damro to offer its American Express and MasterCard credit cardholders a special 30-month interest-free instalment plan at no extra charges and 10 percent savings for purchases made on a wide range of electronic items and furniture at any Damro outlet islandwide.

SLT empowers Infotel-2016 as Principal sponsor

Sri Lanka Telecom (SLT) has come forward as the Principal sponsor of Sri Lanka’s national ICT expo Infotel-2016 for the sixth consecutive year. 

MTI’s ‘idea2fund’ launches 2nd round

The second round of MTI’s idea2fund was launched this week with the expectations of an even larger number of entries, covering a diverse range of business domains.  

CICT helps CMPH win global ‘Port Operator of the Year’ award

The role played by China Merchants Port Holdings (CMPH) in the development of the Port of Colombo into a leading transhipment hub in South Asia was among the factors in the company being adjudged Port Operator the Year at the Lloyd’s List 2016 Global Awards presented in London on 28th September.

Proposed US $ 50mn ADB investment to fuel new chapter of growth for HNB

Hatton National Bank PLC (HNB) recently announced that its board of directors has granted the Asian Development Bank (ADB) approval to purchase a substantial equity stake in the bank by way of a fresh issue of shares. 

Tourism Minister hails Ceylon Hotel School Graduate Association for contributions to industry

The Minister of Tourism Development and Christian Affairs John Amaratunga was the Chief Guest of the 45thAnnual General Meeting (AGM) of the Ceylon Hotel School Graduate Association (CHSGA) whose members are the alumni of the Sri Lanka Institute of Tourism and Hospitality Management (SLITHM).

Elephant House eyes UK market expansion; enters bottling deal with UK firm

Elephant House has signed up with a UK-based bottling facility for the production of 1.5 litre PET plastic variants of its much-loved Necto, Cream Soda and Orange Barley beverages.

Crysbro rewards top outgrower partners

Extending its commitment to uplifting the lives of surrounding communities in its areas of operations, the Crysbro group has gathered over 250 families within its fold as ‘outgrower partners’, who are independent contract breeders raising chickens on behalf of the  group.

Huawei and Leica Camera establish new research and innovation center

Huawei and Leica Camera AG announced they have expanded their strategic collaboration with the establishment of a jointly operated research and innovation center, the ‘Max Berek Innovation Lab’.  The launch comes seven months after the public announcement of their long-term technology partnership in the field of optical engineering, and five months after the launch of the globally successful, multiple-award winning Huawei P9 and

Macktiles strikes Gold for environment-friendly tiles

Macktiles Lanka Pvt. Ltd, a 100 percent Sri Lankan manufacturer of a wide range of commercial and household floor tiles conforming to ISO and SLS standards, was awarded the Gold Standard CIOB Green Mark Award at the Sri Lankan Green Awards Night held recently. 

HNB epitomizes essence of a sustainable business

Sustainability is at the very core of Hatton National Bank’s (HNB) corporate strategy, inspiring it to create both social and corporate value. The growth of HNB has included a strategy of supporting the small and medium enterprise (SME) sector, enabling it to make a valuable contribution to the nation’s macroeconomic goals of reducing the geographical disparities in income distribution and achieving financial inclusion. 

Mastercard-InterContinental Hotels introduce exclusive dining perks

Mastercard announced a partnership with InterContinental Hotels & Resorts that seeks to cater to the needs of affluent cardholders in Asia Pacific by encouraging them to reconnect with their family. As part of the Kids Dining Perks promotion, every child below the age of 12 can now enjoy complimentary dining with every paying adult when paying with a Platinum, World and World Elite Mastercard at 25 participating InterContinental Hotels &

Trade in Services Agreement as forerunner to multilateral liberalisation?

Services cover every aspect of human activity today and is considered the most dynamic component of the global trading economy. 

RFTL’s 7th edition to kick-start this December 

 Year 2010 will be remembered for many things. It is also the year where a handful of youth from the Rotaract Club of Colombo Uptown got together and decided to organize, ‘Run for their lives’, which is now the single largest charity run in Sri Lanka. Starting from humble beginnings RFTL has managed to raise and donate medicine & equipment worth of approximately Rs. 10 Million to the National Cancer Hospital in Maharagama in

More harmony needed in ASEAN food standards

The food sector has the potential to benefit greatly in the new ASEAN Economic Community (AEC).  But because food products attract higher levels of regulation, which often varies between member countries, a significant number of non-tariff measures (NTMs) remain. Such regulatory heterogeneity creates challenges for increasing food trade, harmonising standards and ultimately creating an integrated ASEAN single market.

Nation unites to build new hospital wing for critically ill children

On this year’s Children’s Day, Sri Lanka College of Peadiatricians (SLCP) and a group of supporters launched the “Little Hearts” – a campaign aimed at raising over two billion Sri Lankan rupees for the construction of theCritical Care Complex of the Lady Ridgway Hospital  for Children. 

PABC offers unique education loan through ‘Aspire’

‘Aspire’ is a value-added education loan scheme from Pan Asia Banking Corporation (PABC), which is known for its innovative line of banking products. It is a unique education loan scheme introduced by PABC to support financing education in Sri Lanka or abroad. 

Fior Drissage receives export award

Fior Drissage Jewellers Ltd received an award at the 24th Export Awards held recently, under Precious Stones & Jewellery Sector. Picture shows W.G.B.M.Ranaweera (Chairman/Managing Director) receiving the award from Finance Minister Ravi Karunanayake 

Cargills group invests in local theatre to create productions of international caliber

Cargills (Ceylon) PLC is continuing its legacy as a sponsor of local art and culture through its long standing association with the Centre Stage team and the Workshop Players.

Fun to the fore as ComBank celebrates Children’s Day

More than 3,500 children and parents celebrated the World Children’s Day at the Sri Lanka Rupavahini (SLRC) premises on October 1 at a fun-filled event sponsored by Commercial Bank. Organised under the banner of ‘Arunalu’ – the bank’s flagship children’s savings account, this was the fifth occasion that Sri Lanka’s largest private bank supported an event of this nature to engage with children and adults o

AIA rewards top Grade 5 scholarship performers at district level

AIA’s higher education scholarships programme, now in its 22nd consecutive year, rewards the top performer from each district at the Grade 5 scholarship examination, by giving them a monthly bursary from Advanced Level (A/L) class right up to the completion of their University degree.

BMICH to host French Travel Agents Conference this month

BMICH is the venue where the French Travel Agents Conference - Les Journees des Entrepreneurs du Voyages (JEV) will hold its annual conference this year from October 31 to November 4.   It is an annual event held in a top tourism destination, and Sri Lanka has received the honour of being selected as its venue this year.  

Inquiries for investment from United States and New Zealand

Sri Lanka has received inquiries for foreign investments from both the US and New Zealand this 

September tourist arrivals up 3.6%; Indian arrivals unchanged

Tourist arrivals to Sri Lanka in September were up by a modest 3.6 percent to 148, 499 with the 

Heavy penalties for tax defaulters in 2017: Finance Minister

REUTERS: The Sri Lankan government plans to impose heavy penalties for tax defaulters and expand tax offices across the country as it aims to increase the tax base by bringing to heel 

BOI chief wants consistent policies to lure investments

As Sri Lanka is nowhere near to quenching its thirst for investment, the country’s apex investment promotion agency yesterday warned “dooms day” for the nation if authorities fail to establish 

Lankan banks and finance companies in debenture rush

In what appears to be an apparent race to raise the much needed capital, as many as eight issuers 

Tobacco tax raised 20% after delay in VAT hike

REUTERS: Sri Lanka has increased its tobacco tax by about 20 percent, the Finance Minister said 

Hans appointed to JKH board

Dr. Hans Wijayasuriya has been appointed to the board of directors of John Keells Holdings PLC (JKH) 

Etihad wins TTG Asia’s Best Business Class Award

Etihad Airways has been named ‘Best Airline – Business Class’ at the TTG Travel Awards for the second consecutive year.