German investor sentiment rises as Brexit shock eases: ZEW institute

AFP - Investor confidence in Germany rebounded slightly in August, as the shock over Britain’s vote to leave the European Union began to wear off, a leading survey showed yesterday.  

Virtusa crowned as Gamer.LK’s Dialog Gaming Mercantile eSports champs

Gamer.LK took a first historical step to bring the thrill of competitive gaming to your work place with the Dialog Gaming Mercantile eSports Championship. 

SLIM donates stationery items to flood victims

Sri Lanka Institute of Marketing (SLIM) recently completed the donation of stationery items to a large number of students who were affected by the floods, fulfilling its national responsibility during a time 

CTC introduces novel green initiative to local operations

Ceylon Tobacco Company PLC (CTC) continues to be at the forefront of energy conservation and green initiatives with cutting-edge technologies and concepts that reduce their overall carbon 

Munchee Unity Sports Festival in Badulla promotes national unity

Munchee, the flagship brand of Ceylon Biscuits Limited, recently supported the ‘Munchee Samaga Sahadarathwaye Kreeda Ulela’ (Unity Sports Festival) in Badulla. 

CONSTITUTIONAL COLD WAR & THE STALINGRAD OF THE SOVEREIGN UNITARY STATE

“We all remember the horrors of the past, the violence of three decades and the anti-democratic 

Commercial Credit supports Sri Lanka Super 7’s 2016 as Gold sponsor

Commercial Credit and Finance PLC has come on board as the Gold sponsor for the current Sri Lanka Super 7’s 2016.

Anushka Wijesinha stresses the importance of International Trade & Innovation to drive economic grow

Sri Lanka – Indonesia Business Council (SLIBC) which functions under the aegis of the Ceylon Chamber of Commerce held its 23rd Annual General Meeting

Aviraté A/W 2016 collection inspired by a blend of classic and modern

Aviraté, an international lifestyle fashion brand owned by Timex &Fergasam Group, recently launched their winter collection through a contemporary 

Award winning high jumper Manjula Kumara receives a new home from People’s Bank

People’s Bank YES brand ambassador and award winning high jumper was presented the deed to a new home by Hemasiri Fernando

“No Excuses for Goodness and Success” Forum inspires Sri Lankans to turn excuses to action

Not-for-profit NGO Foundation of Goodness today hosted a forum in Colombo to encourage and inspire Sri Lankans to say ‘no excuses for goodness or success’ 

Rocell opens store in Australia

Royal Ceramics PLC, Sri Lanka’s leading bathware and tile manufacturer famous for its Rocell brand, has opened its flagship store in Australia last week. 

SLT June quarter profit hampered by higher costs, forex losses and depreciation

The Sri Lanka Telecom PLC group’s (SLT) net profit plunged 39 percent for the quarter ended June 30, 2016 (2Q16) to Rs.1.1 billion due to higher operating costs, foreign exchange losses and depreciation charge made against the investments in new technologies, the interim accounts filed with the Colombo Stock Exchange showed. The earnings per share deteriorated to 61 cents from one rupee a share during the 12 months.

Chamber head highlights HR dilemma in construction

The government, along with the chambers of construction and other allied associations should facilitate a campaign to attract the country’s youth to the construction industry by giving them a better understanding and a picture of the advances made in the construction industry, as the numbers joining the construction industry have drastically reduced due to many reasons, according to the head of the country’s leading construction chamb

Higher costs, tourism slowdown dent Aitken Spence June profits

Diversified blue chip Aitken Spence PLC saw its net profit for the quarter ended June 30, 2016 (1Q17) declining as much as 41 percent year-on-year (YoY) to Rs.249 million amid lower returns from tourism operations and higher costs, the interim financial accounts released to the Colombo bourse showed.

AIA Insurance Lanka June net down 33%; but premium up

AIA Insurance Lanka PLC (AIA), the local unit of Asia-based AIA Group Limited, saw its June quarter (2Q16) net profit falling by 33 percent from a year ago to Rs.33 million or Rs.1.07 a share due to the steep increase in operating and administrative expenses, but the gross written premium (GWP) recorded a  growth, the interim results showed.  Operating and administrative expenses rose by 28 percent year-on-year (YoY) to Rs.1.15 billion

Shares hits more than 11-wk high

REUTESR: Sri Lankan shares ended at more than 11-week high yesterday as investors bought beverage and banking shares amid foreign buying into the island nation’s risk assets boosted sentiment. The benchmark Colombo stock index ended up 0.93 percent, or 60.46 points, at 6,582.60, its highest close since May 25.

Beira Brush crowned ‘Highest Value-Added Exporter’

A wholly-owned subsidiary of BPPL, Beira Brush won the prestigious Presidential Export Award for the Highest Value-Added Exporter in the chemical and plastic product sectors in 2014 and 2015. The award ceremony was organised by the Export Development Board (EDB) and held at the BMICH recently. 

Frostaire celebrates 36 years of excellence in cooling

Celebrating 36 years of success in the industry on August 18, the air conditioning power house Frostaire continues to provide Sri Lanka with affordable, all air conditioning solutions and many other facilities to its Sri Lankan clientele.

HNB committed to delivering ‘Banking Beyond Transactions’

Hatton National Bank (HNB) has recently embarked on the third phase of its repositioning strategy under which its overarching commitment has been to deliver ‘Banking Beyond Transactions’. The bank has embraced a divergent approach of taking the bank to the street, a proactive customer-acquisition mindset. This resonates with a global shift where customers no longer wish to walk into banks, instead utilizing the conveniences offered th

London Stock Exchange Group to open ultra-modern tech hub at Expert City

London Stock Exchange Group’s Business Services division (LSEG BSL) in Sri Lanka will soon open its new headquarters in the historic Expert City precinct, formerly known as Tripoli Market. 

BOC introduces ‘Power Plus’ children’s investment plan

Bank of Ceylon’s (BOC) newest ‘Power Plus’ children’s investment plan is the ideal solution that empowers growing children to bloom to their full potential in financially secured surroundings. With the stability built over 77 years, a state-owned bank is the safest place for your hard-earned money especially for a profitable long-term investment for your child.

Virtusa records US $ 205.5mn revenue in 1Q17

Virtusa Corporation, a global business consulting and IT outsourcing company that combines innovation, technology leadership and industry solutions to transform the customer experience, reported consolidated financial results for the first quarter fiscal 2017, ended June 30, 2016.

ComBank rated Sri Lanka’s ‘Most Respected’ bank for 12th successive year

Commercial Bank of Ceylon has been rated the most respected bank in Sri Lanka for the 12th year running and the second ‘Most Respected’ corporate entity in the country overall for the sixth successive year in the 2016 LMD rankings of the Most Respected Entities in Sri Lanka. The bank has retained its No 1 ranking in Sri Lanka for ‘honesty’ for the fourth consecutive year and has been rated No 1 overall for financial perfor

Change the way you see the world with Huawei P9

Sri Lankan photographic talent including Devaka Senevirathne, Natalie Soysa, Jehan Seedin and Siyath Ranathunge showcased the way they see Sri Lanka in a colourful photographic journey with Huawei’s latest flagship smartphone Huawei P9, which is co-engineered with Leica. 

Life insurance advisors to gather at 7th NAFLIA Conference

The Marketing and Sales Forum of the Insurance Association of Sri Lanka (IASL) has proudly announced the seventh National Forum for Life Insurance Advisors (NAFLIA), which is scheduled to be held on August 19, 2016 at the Main Hall of the BMICH,  at 9:00 a.m.

Amãna Takaful Life recognizes MDRT winners

Eight of the top achievers of Amãna Takaful (ATL) Life were recentlyqualified to take part in the annual Million Dollar Round Table (MDRT) conference held in Vancouver, Canada along with the global best of the best in relation to insurance and financial services.

Pessimism on policy performance; strong support for PPPs, freeing up trade, logistics

The participants at the recently concluded Sri Lanka Economic Summit are optimistic about the government’s ability to deliver economic results in the next four years, but are critical of the progress made so far and have mixed views about Budget 2017, according to a survey conducted at the event. 

Australian IT/BPM biz mission to Sri Lanka concludes

More than 35 business leaders from Sri Lanka and Australia attended a high-level networking reception linked to the inaugural IT/BPM business mission in Colombo last week.

Kelani Cables bags Asia’s Best Employer Brand Award for second consecutive year

Kelani Cables PLC, Sri Lanka’s number one brand in secure electrical and communication cables, won the Asia’s Best Employer Brand award for the second consecutive year.