Travel with SQ467 and connect to Canberra and Wellington

With the additional SQ467 services, Singapore Airlines (SIA) now offers passengers more choices to fly to their favourite destinations.  

Pan Asia Bank’s ‘Champion Saver’ account pays highest interest; no withdrawal restrictions

Pan Asia Bank offers the highest interest rate of 8 percent (AER 8.33 percent) for savings deposits 

Tea exporter proposes to set up distress relief fund for industry

A leading tea exporter in the country recently called on the government to set up a social market 

Medieval grandeur to the fore in ODEL’s Fall 2016 collection

Fashion trailblazer ODEL has brought the medieval into the 21st century as it celebrates the Fall 

Singapore’s labour shortage seen as key challenge for economy

Singapore’s labour shortage is probably the biggest challenge for growth, and the restructuring of the 

ComBank receives FinanceAsia award for Best Bank in Sri Lanka

Commercial Bank of Ceylon was formally presented the award for the ‘Best Bank’ in Sri Lanka in 2016 by FinanceAsia at the magazine’s annual Country Awards in Singapore recently. 

Nation branding for Sri Lanka’s socio-economic prosperity

Expectations set in the government’s development agenda of establishing a globally competitive, 

DusitThani Sri Lanka at top of charts for int’l investment with Chestertons

DusitThani Sri Lanka, Beachfront Balapitiya announce partnership with Chestertons International for Sri Lanka’s one and only beachfront, luxury, high-rise, investment apartments available to foreign i

MAPS International enters domestic water pumps market

MAPS International Pvt Ltd that has been dealing in vehicle tyres, tyre rebuilding and tyre inner-flaps, building materials and electrical appliances commenced distributing domestic water pumps. A range 

G20 meeting reveals worrying trends in global trade

As heads of state and trade ministers of the world’s 20 largest economies gathered in Guangzhou, 

Laugfs International showcases Yamaha & Airman at Kedella

Laugfs International Pvt Ltd recently took part in Kedella 2016, as the ideal partner for energy needs 

Cuddly bears show how to close life’s gaps

AIA’s regional presence in various towns across the island has become much looked forward to events for both children and adults, especially those who are young at heart. The most recent 

HSBC relocates Wellawatte branch

HSBC has relocated its branch in Wellawatte to a more conveniently accessible location at No: 587, 

Cooroondoowatte tea factory breaks own record

Cooroondoowatte mark established an all time record price of Rs. 700 for a line of PEK1 grade at the 

Tharanganee Garments bags ‘Best Emerging Exporter’ Award

The 20th Presidential Export Awards Ceremony organized by the Sri Lanka Export Development Board (EDB) was held under the patronage of President Maithripala Sirisena on August 9 at the 

Legends come alive as FACETS 2016 makes history

Had the explorers and conquistadors who searched tirelessly for legendary cities of treasure, been alive today, one of their stop points would have been the BMICH

S-lonDiyasara Student Circle third phase concludes at Meemure

S-lon ‘Diyasara Students Circle’ initiated by S-lon Lanka (Pvt) Ltd in association with Newsfirst was held recently at Meemure Kaikawala Vidyalaya. 

Airtel sponsors the ‘All Island School Games Netball Championships 2016’

Bharti Airtel Lanka, the local subsidiary of Bharti Airtel which is the world’s third largest mobile operator in terms of subscribers, today announced

Etisalat Lankaoffers more Data at any time of the day

Etisalat with its recentrevision of all its prepaid data bundles, once more takesthe lead, over all other telecom competitors, by offering customersthe best availabledeal

SL signs three WB loan deals for US $ 187mn

Sri Lanka yesterday signed three agreements to obtain credit amounting to US $ 187 million from the World Bank Group to carry out economic reforms, tackle climate-related risks and protect the country’s ecosystems. 

Central Bank looks to facilitate trade with Iran through Italy

The Sri Lankan tea exporters with customers in Iran are able to utilize a payment channel open through a commercial bank in Italy, Central Bank of Sri Lanka (CBSL) Governor Dr. Indrajit Coomaraswamy said recently.

Pathirage says delisting Odel is an option

Diversified conglomerate, Softlogic Holdings PLC, may delist its leading fashion and lifestyle subsidiary Odel PLC from the Colombo Stock Exchange (CSE), as the deadline for coming in line with the market regulator’s minimum public shareholding rule looms.

Mobitel announces voluntary offer to acquire E-Channelling

Mobitel (Private) Limited, the mobile arm of Sri Lanka Telecom PLC, yesterday announced its entry to the country’s online doctor channelling business with a voluntary offer to acquire all the shares of E-Channelling PLC, the pioneer in the local market.   

Rise in fuel bill in June brings fresh concerns to fragile external front

After many months of slowdown, Sri Lanka’s fuel bill now appears to have reversed its course as June has seen an increase in the bill in spite of the global crude prices still remaining extremely low, the Central Bank data showed.  

Cold Stores says using stevia plant to cut sugar in soft drinks

Ceylon Cold Stores PLC (CCS), a subsidiary of the country’s largest conglomerate John Keells Holdings PLC, has begun to use a plant-based sweetener instead of sugar in some of its major soft drink products.

Kalamazoo Systems announces Rs.1.5bn rights issue

Kalamazoo Systems PLC yesterday said it was planning to raise Rs.1.56 billion through a rights issue, subject to shareholder and the Colombo Stock Exchange approval. 

Ceylon Chamber organises seminar on new Customs Law, Customs Ordinance change

The Import Section of the Ceylon Chamber of Commerce is organising a seminar to discuss the proposed new Customs Law and the change in the current Customs Ordinance.

Succession planning in business: Why it is so tough

Today, succession planning is a very important leadership process and a growing number of firms have formal plans in place. Yet, many firms and sole proprietors have a great deal of succession planning work ahead of them. Among the challenging statistics that have emerged from many surveys on the topic are: slightly, more than half of firms don’t have a formal, signed and documented succession plan in place. A number of boards know that the

What’s driving China’s One Belt, One Road initiative?

Since 2013, the ‘One Belt, One Road’ (OBOR) initiative has become the centrepiece of China’s economic diplomacy. The essence of OBOR is to promote regional and cross-continental connectivity between China and Eurasia. The ‘One Belt’ and ‘One Road’ refer to China’s proposed ‘Silk Road Economic Belt’ and ‘Maritime Silk Road’. Connectivity covers five major areas of interest: po

Hemas unveils ‘Sandama’ logo to celebrate partnership with distributors

Hemas Consumer Brands held its Distributor Convention recently at the Galle Face Hotel, Colombo.   The event was organized to recognize long standing distributors for their commitment towards the success of Hemas Consumer Brands.