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 

Water Garden Sigiriya : A culturally-rich haven of luxurious tranquillity

Swathed amidst the fascinating cultural riches of the ancient Sigiriya rock fortress, the new luxurious Water Garden Sigiriya resort beckons as the idyllic location for visitors seeking an indulgent haven.  

Top dairy operator wants more land, cows to meet local demand

Leading local dairy industry operator said last week that he needs more land and dairy cows to meet the demand for fresh milk in the country.

Rhino hands over 50 houses to tsunami-affected families

Fifty families whose homes were lost in the tsunami of 2004 and were replaced with built houses in 2006 by Rhino Roofing Products Ltd., were beneficiaries of a complete refurbishment of their houses 

Swadeshi illuminates Devundara Uthpalawarna Sri Vishnu Maha Devalaya

The Swadeshi Industrial Works PLC once again illuminated the Devundara Uthpalawarna Sri Vishnu Maha Devalaya. The “Aloka Pooja” was carried out under the theme, “Swadeshi Khomba Aloka Puja 

Renowned industry experts to provide career guidance at EDEX Expo

The EDEX Mid-Year Expo & Job Fair will take stage on September3-4 at the Sri Lanka Exhibition and Convention Centre (SLECC) Colombo.

HNB Grameen relocates Nittambuwa branch

Pioneers in microfinance HNB Grameen recently relocated the company’s Nittambuwa branch to a 

Sixteenth ‘Construct 2016’ exhibition ends on high note

‘Construct 2016’ the number one and the most sought after exhibition is to take off with much 

IAHR APD Congress to kick-start in Colombo today

The 20th Congress of the International Association for Hydro Environment Engineering Research – Asia Pacific Division (20th Congress of IAHR APD) will be held at Galadari Hotel Colombo from 

BMICH hosts reception for Civil Aviation Conference delegates

Over 400 high level delegates in the civil aviation sector including their spouses arrived in Sri Lanka