Guru.lk achieves milestone in banking exam study pack sale

Guru.lk (www.guru.lk), Sri Lanka’s leading provider of online study courses in multiple disciplines, has reported a milestone in the sale of study packs for banking examinations conducted by the Institute of Bankers of Sri Lanka (IBSL).

Second ‘Dine and Smile’ promo this year for ComBank cardholders

Commercial Bank of Ceylon has unveiled its second ‘Dine & Smile’ promotion of 2016 for Credit and Debit Card holders, offering them attractive discounts at 55 popular restaurants till 5th October 2016.

VirtusaPolaris recognized as ‘Highest Foreign Exchange Earner of Computer Related Services’

VirtusaPolaris was recognized as the ‘The Highest Foreign Exchange Earner of the Computer Related Services’ for 2014 at the 20th Presidential Export Awards.

Can China help shape global governance at G20?

At the end of the twentieth century, China was an observer of global governance, on the sidelines of the G7 and not yet a member of the World Trade Organisation (WTO). Encouraged by Western countries to embrace global governance, China has become much more proactive in pushing global cooperation since the G20 was founded. As president of the G20 for 2016, China has an unprecedented opportunity to provide impetus to global development.

President gifts latest Singer X Series laptops to top O/L students

Singer Sri Lanka PLC, the country’s premier consumer durables retailer, has stepped forward to inspire high-achieving students and thereby boost education in the country by providing the latest Singer X Series laptops to top 12  students who excelled in last year’s G.C.E. Ordinary Level examination. 

Union Assurance relocates Mahiyanganaya and Wattala branches

Union Assurance was able to further strengthen its branch coverage by relocating two of its branches in Mahiyanganaya and Wattala. 

Arpico elevates unique offering to cyberspace with ‘e Supercentre’

Shopping at Arpico has moved into the realm of cyberspace with the launch of the retail giant’s ‘e Supercentre’ – a sophisticated online shopping portal accessible 24 hours of the day from anywhere in the world.

Dr. Medawatte appointed Lanka Hospitals CEO

The Lanka Hospitals Corporation PLC announced the appointment of Dr. Prasad Medawatte as its CEO with effect from August 29, 2016. 

Ravi K invites SAARC countries to invest in Colombo Financial City

Member countries of the SAARC now have the opportunity to invest in the Colombo International Financial City and enjoy benefits from the emerging economy of Sri Lanka, Minister of Finance Ravi Karunanayake said.

St. Anthony’s Group-Jinasena ink deal on market expansion

Two of the country’s largest family owned business groups Jinasena Ltd and St. Anthony’s Industries Group (Pvt) Ltd recently signed a Memorandum of Understanding (MOU) that would enable each other to utilize key competencies acquired over time, in their individual industrial value chains for mutual benefit.

CLC Islamic Finance celebrates first anniversary

The Islamic Business Division (IBD) of Commercial Leasing & Finance PLC (CLC) successfully completed its first year in operations embodying a remarkable financial performance.  Embarking on another revolutionary financial service provision, CLC unveiled ‘CLC Islamic Finance’ in July 2015 despite of challenging economic conditions remained during the time to offer a complete range of Shari’ah compliant products. 

SANASA Development Bank steps into 19th year

The SANASA Development Bank a pioneering financial institution founded on supporting the grassroots levels of Sri Lanka just celebrated its 19th anniversary. 

Sri Lanka’s leading fresh milk producer ‘Daily’ marks 20 years

‘Daily’ one of the pioneers in Ultra Heat Treatment (UHT) fresh milk production celebrated its  20th anniversary recently at a grand function held recently at Heritance Negombo.

Largest reunion of liver transplant patients share lifetime experience

A team of globally renowned liver transplant surgeons comprising Prof. Dr. Mohamed Rela, Dr. Gomathy Narasimhan, Sr. Consultant – liver transplant surgeon, Dr. Naresh Shanmugam, Sr. Consultant – Paediatric Hepatology from Global Health City, presided over the re-union of the Sri Lankan patients who have undergone liver transplants at Global Health City, who came together on a single platform to share their experiences. 

Browns Thermal Engineering unveils first service centre in Colombo

Browns Thermal Engineering (Pvt) Ltd (BTEL), recently opened their new premises at a strategic location on Darley Road.

LOLC’s strong profits growth in the first quarter on the back of an outstanding 2015/16

LOLC’s dominant financial services sector companies, led the Group to record strong profits in the first three months of 2016/17,

Fairway National Literary Awards 2016 - Shortlists out shortly

The long-awaited Shortlists of novels for the Fairway National Literary Awards 2016will be announced on 30th August 2016. With a record numbe

JKH Group companies shed shares for Keells Foods to meet free float rule

John Keells Holdings PLC and its subsidiaries last week sold 413, 408 ordinary shares of Keells 

Customs to window-shop for scanners

Sri Lanka Customs officials will be travelling to regional economies to evaluate potential customs scanning systems to be installed in Sri Lanka.

Tax hike likely to cost CPC, LIOC bottom lines dearly

A four-fold increase in the diesel production tax is likely to impact the bottom lines of the country’s two petroleum companies in an extremely adverse manner, a stock 

CB to keep rates steady as inflation, credit growth ease

REUTERS: The Central Bank is expected to keep its key interest rates steady at a policy review 

Ananda Atukorala appointed NDB Chairman

National Development Bank PLC (NDB) on last Friday announced the appointment of Ananda Atukorala as the bank’s new Chairman, subject to Central Bank approval.

HSBC local unit 1H profit flat as margins fall, other incomes decline

The local unit of The Hongkong and Shanghai Banking Corporation Limited (HSBC) saw its net profits 

SL wants Indian subcontinent firm involved in US $400mn port contract

REUTERS: Sri Lanka is seeking a consortium that must include a company from the Indian subcontinent to bid for a $400 million contract to build a port terminal, the ports minister said last 

Inaugural Premier Pavilion to feature at FACETS this year

The 26th edition of Facets, Sri Lanka’s main gem and jewellery show, to be held from the 1st to the 4th of September, will witness the launch of a Premier Pavilion. 

Coca-Cola partners with NWSDB to support CKD-affected communities

Coca-Cola, in its effort to establish sustainable communities, joined hands with the National Water 

Travel with SQ467 from Colombo to San Francisco to experience unmatchable service

From 23 October 2016, Singapore Airlines will operate daily non-stop flights between Singapore and San Francisco on its Airbus A350-900 aircraft. Covering 13,600km, it will be the longest flight in 

NSB first half PAT up 24% to Rs. 4.8 bn

State-owned National Savings Bank (NSB) Profit After Tax (PAT) for the first half of this year (1H16) stood at Rs. 4.78 billion up from Rs.3.86 billion during the same period last year. 

Hatton National Bank continues to provide safe drinking water

An important global public health concern is unfolding around Chronic Kidney Disease of unknown etiology (CKDu). Over 40,000 Sri Lankans suffer from CKDu at present and there are a high number 

Kuwait Airways awarded ‘Most Improved Airline’ Award for year 2015

Kuwait Airways the national carrier of the State of Kuwait has been awarded the prestigious recognition