Altair breaks new ground with live stream from construction site

Sri Lanka’s showpiece high-rise project Altair has broken new ground in the local property development market by installing a 24-hour live stream from its construction site, enabling anyone to monitor progress.

Could debt forgiveness be the interim solution for world’s economic malaise?

There is a growing perception that the monetary policy is losing its power to solve the world’s economic problems. This may be misleading. What is probably true is that incremental policy easing is experiencing diminishing – and, possibly, negative - returns. Therefore, central banks – and governments - may need to get even more unconventional to reverse the tide. Japan appears to be closest to the tipping point in this regard,

ComBank begins new series of entrepreneurship programmes for women

The Commercial Bank of Ceylon recently conducted the first of a series of entrepreneur development programmes exclusively for women, in recognition of their importance to the national economy. The programme conducted in Matara in collaboration with the National Enterprises Development Authority (NEDA) was attended by more than 100 women entrepreneurs who are involved in micro, small and medium scale business activities in the Southern region.

Suzuki launches SHVS technology in Sri Lanka with CiazHybrid

Associated Motorways Private Limited (AMW) recently unveiled the diesel hybrid version of their new sedan, Ciaz,to a packed audience consisting of their loyal customers, enthusiasts, and well-wishers. Announcing the arrival of the new version, named SHVS or Smart Hybrid Vehicle by Suzuki,AMW, the sole distributor in Sri Lanka for Suzuki passenger vehicles, added that the addition of a hybrid to the Suzuki range signalled a shift to the latest tec

Ceylon cinnamon – How it can change lives in Sri Lanka

The branding of Pure Ceylon cinnamon and promoting it in global markets was a masterstroke in giving the spice the pride of place it deserves, alongside another celebrated Pure Ceylon-branded and globally famous product - tea. Apart from clearly distinguishing the superiority of Ceylon cinnamon in export markets, the branding has helped shine the spotlight on the industry and its implications for local stakeholders. 

MAS working to build capacity for apparel industry

A Memorandum of Understanding was signed between MAS Holdings and the University of Peradeniya recently, signalling another milestone in MAS’s strategy of working with universities and academic institutions across Sri Lanka. 

ECTA and FTAs alone cannot attract investors

Businessman and national list MP Malik Samarawickrama - a minister in the current government who is spearheading the free trade arrangements (FTA) with India, China and now Singapore, stated that all the FTAs in the pipeline would give investors access to three billion people. Sounds very impressive on paper, but as we all know very little work is happening at ground level to get the country ready for such an explosion in trade and investment.

QATAR AIRWAYS ENTERS INTO NEW CODESHARE AGREEMENT WITH SRILANKAN AIRLINES

DOHA, Qatar – Qatar Airways and SriLankan Airlines, both members of the oneworld alliance, have strengthened their cooperation with a bilateral code-share relationship.

SLIM NASCO 2016 to look for the 'Best of the Best'

It's NASCO time again. The Sri Lanka Institute of Marketing (SLIM) has just started the process for the National Sales Congress (NASCO) 2016

SolTrim International Pledges Commitment to Sustainability on World Environment Day

SolTrim International (Pvt) Ltd – a leading Sri Lankan apparel brand identification and packaging products provider, marked World Environment Day

After the devastation

Smoke rises from the devastated Salawa military complex yesterday, a day after an ammunition depot caught

FinMin banks on good governance to boost FDI

Investments could end up at a record high t h i s y e a r , following the takeover of good governance a n d t r a n s p a r

Cargills March net up 39% over stronger top line and lower costs

Cargills Ceylon PLC, Sri Lanka’s largest privately-owned retail chain, increased its March quarter net profit

Qatar Airways enters into new codeshare agreement with SriLankan

Qatar Airways (QR) and SriLankan Airlines (UL), both members of the oneworld alliance, have strengthened

Shares end steady; rising interest rates weigh

REUTERS: Sri Lankan shares ended steady yesterday as concerns over rising interest rates and foreign

Sampath Bank Rs.6bn debenture issue snapped up

Sampath Bank PLC said its Rs.6 billion debenture issue, which opened yesterday, was oversubscribed. “Therefore

CIC invests Rs.2bn in agri projects

Diversified agro-chemical conglomerate CIC Holdings PLC has invested Rs.2 billion in new agricultural 

Citrus Leisure records strong March quarter

Citrus Leisure PLC (REEF) has returned to profitability, posting a net profit of Rs.255.41 million for the fourth 

Hikkaduwa Beach scraps plans to use IPO proceeds for water sports

Half of the funds raised through the initial public offering (IPO) of Hikkaduwa Beach Resort PLC, amounting 

Smiles Global to conduct full-day workshop on ‘Modern Marketer’

In an increasingly competitive business environment, modern marketer has to play a key role in creating new business opportunities and boundless ways to innovate and connect with the new markets.

Two Lankan scientists win Silver at Geneva Inventions Exhibition

In what can be hailed as a national achievement, two Sri Lankan scientists, Manoj Hettiarachchi and Nalin Kannangara of Sri Lankan pharmaceutical company Emergen Life Sciences, were recently honoured with a Silver Award at the 44th International Exhibition of Inventions held in Geneva for their innovation of a process of manufacturing of Budenoside+Foremtrol dry powder inhalation medicines.  The two scientists, who are alumni of Sri Lankan u

VirtusaPolaris and Asiri Hospitals conduct health camp for flood victims

VirtusaPolaris, the market-facing brand of Virtusa Corporation and Polaris Consulting & Services, Ltd. and a leading worldwide provider of information technology (IT) consulting and outsourcing services, joined hands with Asiri Hospitals Holdings PLC to conduct a two-day health camp for flood victims in Kotikawatta area, one of the worst affected suburbs by the recent floods in Colombo.

Radiant eye hospital launches website

Radiant Eye Hospital is designed in such a way that the patients could relax, with its unique architecture, built using the best methods, according to its founder eye surgeon Dr. Shamintha Amaratunga.

What Asia needs to know about Trump

Virtually every Asian academic, business leader, policymaker or taxi driver I have encountered in the last six months has, within minutes, pummelled me for answers to the Trump question.

FAO and EU build capacity in Lankan fisheries sector

The Food and Agriculture Organization of the United Nations (FAO) has organised a series of trainings at district level for Fisheries Inspectors of the Department of Fisheries and Aquatic Resources Development (DFAR). 

Ceylinco Life donates classroom for special-needs children in Mannar

Children with special needs at a school in Mannar now have a classroom for themselves, thanks to the generosity of Ceylinco Life.

Public-private partnerships key to achieving SDGs

The European Sustainable Development Week comes at a crucial time in our development agenda, a time when we are facing the largest migration crisis since the Second World War, a time when the UK is brooding over its relationship with the European Union (EU), a time when we are striving to set the Sustainable Development Goals (SDGs) into motion.

HSBC launches special travel promo with Malindo Air

HSBC has partnered with Malindo Air to offer HSBC credit cardholders an exclusive Buy One Get One Free offer on Business and Economy class tickets purchased online. 

Russell De Mel appointed to NTB board

Senior Banker and former National Development Bank PLC (NDB) CEO Russell De Mel has been appointed as Non Executive Director of the Nations Trust Bank PLC (NTB).

PLC Maharagama branch moves to convenient location

People’s Leasing & Finance PLC re-positioned its Maharagama branch in to a more spacious location at High-level Road, Maharagama in a bid to provide an enhanced financial service to people in the sub-urban area.