Heyleys buys resort hotel in Maldives for US $ 23mn

Hayleys PLC has extended its leisure sector operations to the Maldives with the purchase of the Kudarah Island Resort for US$ 23 million last week. The resort situated in the South Ari Atoll, 

Daya Group appoints 3 directors to BLUE board

Following the acquisition of a significant portion of shares in the beleaguered Blue Diamonds Jewellery 

SL’s unemployment declines in 1Q16

Sri Lanka’s unemployment rate narrowed to 4.2 percent in the first quarter of 2016 (1Q16), compared to 4.7 percent year-on-year (yoy), and 4.4 percent in the fourth quarter of 2015 (4Q15). This was the 

CB pushes for plastic cards in place of hard cash

In a quest to build a cashless society, the Central Bank of Sri Lanka has asked the people to shift from using cash and coins into payment cards for all transactions, though the payment infrastructure 

Top strategy specialists to share insights on brand strategy and brand valuation

Two globally-renowned strategy specialists, Martin Roll and Sam Dias are set to take Colombo by storm at next week’s Strategy Summit organized by the Institute of Chartered Accountants of Sri 

Newly appointed Sasakawa Cultural Centre Board of Trustees

Seated from left: Sam Chandrasena (Secretary), Sumana D. Liyanage (Asst. Secretary / Asst. Treasurer), Dayasiri Warnakulasooriya (Trustee), Lal De Alwis (Chairman), Madam Akiko Suganuma, 

Pathfinder and Shanghai Institute hold second symposium

The Second Symposium on the Maritime Silk Road and China-Sri Lanka Relations was held in Shanghai, China from 11th-13 July. The Chinese Embassy in Colombo made the logistical 

Charles Tilley steps down as CIMA CEO

Following the overwhelming support of CIMA members last month to establish the world’s largest and 

Tourist arrival targets continue to confuse tourism administration

??By Chandeepa Wettasinghe Doubts are beginning to appear within the tourism administration regarding the ability to achieve the 2.2 million tourist arrival target for 2016, as witnessed at the press 

Union Assurance relocates Nikaweratiya regional office

Union Assurance (UA) relocated its Nikaweratiya regional office recently to provide better services to residents in the area.

AMW offers authentic Yamaha experience at new workshop in Ratmalana

Brought together by the common goal of providing outstanding customer experiences, AMW’s family 

Ogilvy PR sharpens skills with ‘Red Arrow’ training

Daniel Ch’ng, Global Chief Learning Officer for Ogilvy Public Relations was recently in Sri Lanka to conduct ‘Red Arrow’, a one of a kind training session for the local team, which focused on becoming 

Tax changes via notices – Legality vs. administrative convenience

A study of the history reveals that the implementation of tax changes pursuant to the publication of 

Sri Lanka moves to fast track economic reform

Buoyed by a phased US $ 1.5 billion funding pledge from the International Monetary Fund (IMF), Sri Lanka has its sights set on building economic momentum and improving investor sentiment in the coming months.

Emirates named World’s Best Airline at Skytrax World Airline Awards 2016

Emirates has been named the World’s Best Airline 2016 at the prestigious Skytrax World Airline 

Etihad becomes WorldSkills Abu Dhabi 2017 official airline sponsor

Etihad Airways has been announced as the official airline sponsor of WorldSkills Abu Dhabi 2017 - 

Mobil Industrial Lubricants partners INCO 2016

Mobil, established as the unsurpassed supplier of leading-edge industrial lubricants, stepped up as the official lubricants partner for INCO 2016. 

Range Rover Evoque hits five years of UK production

The world’s most recognisable and luxurious compact SUV, the Range Rover Evoque, reached a historic milestone recently as it celebrated its fifth year of production at Jaguar Land Rover’s 

Malaysian Deputy PM to inaugurate Hyrax Oil blending plant in Muthurajawela

As the Malaysian Deputy Prime Minister will be on a visit to Sri Lanka this week, High Commissioner 

Eagle Logistics expands supply chain solution arm

Eagle Logistics Colombo Managing Director Asanga Weerackody said, “The Sri Lankan logistics 

HNB Assurance top achievers attend Annual MDRT Conference in Canada

Fourteen top achievers of HNB Assurance (HNBA) took wing recently to Vancouver to participate in 

GiftSmart.lk introduces Wishlist gift registry

GiftSmart.lk introduced the Wishlist – the only free online gift registry where the users can list their wedding, birthday, anniversary and other gift wishes from over 100 shops in Sri Lanka.

Economic Summit to focus on leveraging locational advantage to boost trade, logistics sectors

The upcoming ‘Sri Lanka Economic Summit 2016’ will have a separate session to discuss how Sri Lanka can utilize its locational advantage to boost the country’s International trade and logistics 

Cinnamon Training Academy: Pathway to a future career

Sri Lanka’s cinnamon is an important export commodity which plays a vital role in the rural economy, 

Industry conditions set ideal platform to launch ‘Architect 2017’:SLIA

At the launch of Architect 2017, Sri Lanka Institute of Architects (SLIA) Vice President, architect 

Rayban promotion at Eric Rajapakse Opticians

A much-awaited promotion and launch of new Rayban products is on at the moment at Eric Rajapakse Opticians’ branches. 

DSL joins hands with world’s no: 07 tire brand ‘Hankook’

The world’s seventh largest tire brand - Hankook, has proclaimed the official partnership with Douglas & Sons (Pvt) Ltd, and The Grand Launch of Hankook Tire in Sri Lanka was held at The Kingsbury, 

More Jet Airways flights to Colombo hindered by higher ground handling costs: official

Jet Airways, India’s second largest airline controlled by billionaire Naresh Goyal, says its intentions to expand Sri Lankan operations are hindered by the extremely high ground handling costs at the 

AIA Wealth Planner Swarna achieves MDRT Honour Roll

The drums rolled for AIA Wealth Planner D.G.A. Swarna from Anuradhapura Region who became the 

‘Automall’ brings AMW’s firm reputation to Matara

Brought together by the common goal of providing outstanding customer experiences, AMW’s family