People’s Bank conducts PosonBathi Gee

Staff members of People’s Bank hosted Bathi  Gee for the eleventh time on Poson Poya. The event was held

C.W Mackie PLC extends its support to the Colombo National Hospital

Underlining this reality of human life, which treats every human being equally,C.W.Mackie PLC recently completed another

Exciting choices for Caravan Parking from Go outdoors

In a drive to popularize motorized home holidays around the island for families in particular, and groups of individuals

Sri Lanka’s first 4-month budget deficit declines

Sri Lanka’s budget deficit for the first four months of 2016 declined to Rs.233.44 billion from Rs.271.52 billion

Tourist arrivals lose steam as visitors in June up only 2.2%

Tourist arrivals to Sri Lanka in June rose 2.2 percent from a year ago – the slowest in a month so far this year – to 118,038,

Shares post near 3-mth closing low on policy uncertainties

REUTERS: Sri Lankan shares fell for a 10th session in 11 and posted their lowest close in nearly three months 

Central Bank mulls hiking minimum capital for banks once again

Yet again, Sri Lanka’s banking regulator has indicated it would increase the minimum capital levels of all licensed 

Japan’s Uniqlo suspends most Bangladesh travel; others reviewing operations

REUTERS: Some foreign companies with nationals working in Bangladesh’s garment and building industries

Coomaraswamy says back to basics!

The incoming Central Bank Governor yesterday emphasised that the Central Bank would go back to the basics of creating sound macroeconomic fundamentals in an independent, technical and reputable 

People’s Bank celebrates its 55th Anniversary

People’s Bank powers its way ahead of competition in the country’s banking industry as it celebrates its 55th anniversary

Navin to be at next NCC ‘Meet the Minister’ programme

Plantation Industries Minister Navin Dissanayake will grace the National Chamber of Commerce (NCC) on ‘Meet the Minister’ programme for an interactive session with the business community on Tuesday, July 12, 2016, from 3:00 p.m. to 4:30 p.m., at the chamber auditorium, No: 450, D R Wijewardene Mawatha, Colombo 10.

BMICH stamps digital media presence with Facebook competition

Sri Lanka’s premier iconic venue, the BMICH recently stamped its presence in the digital media sphere with an interesting Facebook competition for its fans.

BoI signs agreement with Global Advanced Recycling Lanka

The Board of Investment of Sri Lanka (BoI) signed an agreement with Global Advanced Recycling Lanka (Private) Limited to manufacturers of ‘Greenorg’ quality certified organic fertilizer projects, representing at an investment of US $ 141-350+ million.

SLITHM to double output this year

Sri Lanka Institute of Tourism and Hospitality Management (SLITHM), the premier education provider in the tourism and hospitality sector held its 37th Graduation Ceremony at BMICH recently. 

SampathCards offer biggest and best discounts in June

Continuing to be a top of the mind brand recall amongst consumers for lavish discounts and privileges, SampathCards has once again tied up with an exclusive array of premium partners to provide its MasterCard and Visa Credit Card Holders and Sampath Bank American Express Credit Card Members the best value added benefits coupled with a range of exciting discounts. 

A&E Lanka celebrates 125 years globally

A&E Lanka, part of one of the world’s leading thread solutions providers, marks 25 years as a truly American company and its parent company American & Efird (A&E) celebrates its rich heritage marking 125 years of success globally.

Capacity building at board level in the financial sector should be top priority

Given the governance issues in the NBFIs the regulator’s initiative to assist Commercial Banks and NBFIs to achieve the highest standards of personal and organizational performance by conducting regular Bank Directors symposiums to educate bank directors in the past was one of those “best practices” for corporate governance and is a great initiative to prepare Commercial Banks for the long term and also to build a pipeline of di

GiftSmart.lk transforms the way to gift

The tradition of gifting is one of the essential parts of wedding ceremonies intended to help newlyweds step into their new lives with ease. 

Tri-party collaboration for new concept at Orion City

A tri-party collaboration laid the foundation for a new concept at the Orion City IT Park to bring energy, ideas and people together. Orion Development, in partnership with the British Council and The Coffee Bean & Tea Leaf, launched an inspiring new space on 1st July for occupants of the park as well as visitors. 

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. Dilanka Herath, Rayban Product Manager of Global Vision is seen in the picture introducing some of the latest eyewear designs to Rajeev Rajapakse, Director and to staff of Eric Rajapakse  

Commercial Credit powers ‘Future Minds 2016’

Commercial Credit has extended its patronage to ‘Future Minds 2016’, a much sought after education exhibition, as the Official Financial Partner for the 6th successful consecutive year. 

LAYA Safari Yala offers 40% off for two-night stays

For a rich Sri Lankan safari experience that extends all the way from the Wilds to the Indian Ocean, come, stay at a unique getaway - the LAYA Safari Hotel in Yala. 

CIC partners with Ashland to host specialty additives seminar

CIC Holdings partnered with the principal supplier of the Industrial Solutions Division, Ashland Inc to host a seminar on ‘Specialty Additives’ at Taj Samudra hotel recently. 

Softlogic’s King Long launches medium-sized coach for tourism

Softlogic Automobiles (Pvt) Ltd, a subsidiary of Softlogic Holdings, has launched a medium-sized King Long coach, making it the latest addition to the King Long range of passenger transport vehicles in Sri Lanka. 

Growth imperative for aging Asia

Asia has aged dramatically over the last few decades, and the changes in the age structure of the population are already having a strong effect on government expenditure, revenues and fiscal balances. If not managed carefully, the fiscal impacts of aging populations could pose risks for many Asian economies.

Amaranthé Bay celebrates first birthday with TripAdvisor Certificate of Excellence

No one demands quality more than the customer, who is willing to pay the price for it.  The Italian luxury fashion brand, Gucci, has a slogan, “Quality is remembered long after the price is forgotten.” And when quality is the very essence of existence, like at Amaranthé Bay Resort & Spa, it follows that most customers are delighted. 

Policy interventions may be required to boost tradable sector investment

Latest Board of Investment (BOI) data confirm an emerging unhealthy trend in the Sri Lankan economy.  Although there is an increase in new project/venture activities as indicated by increase in BOI project agreement signings, majority of new projects are in industries in the non-tradable sector.  This is a continuation of a trend emerging for several years. This implies that Sri Lanka may not be able to achieve expected medium term GDP

Ravi meets Japanese FinMin

On the sidelines of the Committee Meeting for Economic Cooperation and Development held recently in Kyoto, Japan, Finance Minister Ravi Karunanayake met with his Japanese counterpart Taro Azo

CAA conducts more than 10,000 consumer protection raids

Sri Lanka’s Consumer Affairs Authority (CAA) hit more than 10,000 raids in the first half (1H) of 2016 – and increased its fine collections by a strong 55 percent, the latest data showed.

Travel7 lunches website and expands portfolio

Travel7 (Pvt) Ltd, which was re-branded after Go Holidays (Pvt) Ltd, launched its website recently while announcing future plans at an event held in Colombo.