Another PUCSL ‘no’ to CEB emergency power purchase request

The country’s energy regulator last week shot down another request by the Ceylon Electricity Board (CEB)

‘Everybody lives happily till next blackout’ quips energy expert

Both the current and past governments have swept post-blackout reports and recommendations which

PM addresses world biz community through CNBC

P r i m e M i n i s t e r R a n i l Wickremesinghe addresses the world business community and invites them

Hameedia Kiribathgoda celebrates first anniversary

Sri Lanka’s leading menswear specialist, Hameedia, recently celebrated the first anniversary of its Kiribathgoda branch in the presence of senior management and other dignitaries.  

Nawaloka Holdings with Sonalika launches 4WD-50HP tractors in Sri Lanka

Nawaloka Agri (Pvt.) Ltd, a division of Nawaloka Holdings, firmly believes in empowering farmers through technology-driven solutions to enhance agricultural productivity.

A year of high growth for Sanasa Development Bank

Sanasa Development Bank (SDB) posted an outstanding financial performance in 2015. The bank had a string year in terms of profitability, despite a challenging macroeconomic and regulatory environment. 

The need for inclusive education for children with special needs

Children with disabilities or special needs often experience widespread violations of their rights. The World Report on Disability estimates one billion people in the world are living with disabilities, of which 93 million children aged 0-14 years’ experience moderate or severe disabilities while 13 million children experience severe disabilities. 

SLT Mobitel “Cash Bonanza”2016 awards March winner with Montero

The National Mobile Service Provider, SLT Mobitel has yet again outdone itself with the introduction of the Cash Bonanza programme for the year 2016 which will reward customers on a monthly and daily basis. The telecom giant will be awarding an amazing Rs 350 million to its customers throughout 2016. 

PLC voted ‘Financial Service Provider of the Year’ for 4th consecutive year

People’s Leasing & Finance PLC (PLC) was once again honoured with a coveted accolade as the ‘Financial Service Provider of the Year’ for the fourth consecutive year at the SLIM-Nielsen People’s Awards 2016 ceremony held at Water’s Edge, Battaramulla recently.

Our portfolio well aligned with key growth sectors: JKH Chairman

Today, Mirror Business in partnership with the Colombo Stock Exchange (CSE) kicks off an interview series, featuring the Chairmen of the CSE S&P SL20 companies. Following are the excerpts of an interview with John Keells Holdings PLC (JKH) Chairman Susantha Rathnayake, where he shares his insights about the JKH’s future, industries the group is in and the country’s economic potential. 

Industry stakeholders join RPCs’ call for output -linked remuneration to sustain estate sector

Other industry stakeholders have joined the regional plantations companies (RPCs) in calling for an output-linked remuneration mechanism, to put the country’s estate sector, plagued by a number of issues, on a more sustainable footing through much-needed productivity improvements. 

Rani Sandalwood celebrates 75 years with new outlook

Rani Sandalwood, Sri Lanka’s hallmark in beauty soaps for over seven decades, has now been re-launched with a brand new outlook, commemorating the 75 years of unparalleled quality served by the product.  

Piramal Glass ends year with record growth; declares 35% dividend

Piramal Glass Ceylon PLC (PGC) ended a very successful year with a record growth in turnover and profitability. The company recorded its highest ever turnover this year of Rs.6,755 million and a profit after tax (PAT) of Rs.654 million. With this achievement, the board of directors have proposed 35 percent dividend maintaining its consistent policy of dividend pay-out ratio. 

Seventh edition of Malaysia International Shoe Festival launched

The official opening of the Malaysia International Shoe Festival (MISF) 2016 gathered thousands of highly anticipative audience as it kicked off its 7th edition at Putra World Trade Centre, Kuala Lumpur. Special Guest of Honour, YB Datuk Mas Ermieyati Samsudin, new Deputy Minister for Ministry of Tourism & Culture Malaysia, was excited at her debut involvement with the Festival this year, as she also harbours a passion for fashion and shoes.

BMICH awarded BID Century International Quality ERA Award in Geneva

Geneva hosted this year’s BID Century International Quality ERA Convention, where professionals and business leaders from around the world gathered to recognize excellence and success. In particular, the convention celebrated quality in business and operations. Award winners demonstrated commitment to quality standard, which helps bolster customer satisfaction and cost efficiency across all areas of operation.

Eminent private sector personalities mentor SriLankan future leaders

SriLankan Airlines has once again enlisted the knowledge and expertise of some of the country’s eminent professionals, private sector personalities and management gurus to help groom the national carrier’s leaders of the future as part of the leadership mentoring programme launched two years ago. SriLankan Airlines Chief Executive Officer Captain Suren Ratwatte said, “We are extremely grateful to have the assistance of such emin

Economic outlook remains mixed for Asia and Sri Lanka

As identified by Asian Development Outlook (ADO) 2016, which is a report produced annually by Asian Development Bank (ADB), developing Asia will continue to contribute at least 60 percent for the growth of the world. 

Land Rover Powers Trinity College Rugby 2016

Continuing its commitment to the game of rugby, Land Rover extended their sponsorship as the principal sponsor to the Trinity College, Kandy 1st XV squad for the fourth consecutive year

SL tightens foreign exchange controls

The cash-strapped coalition government last week ordered the country’s exporters to bring back their moneys

Seafood exporters hail govt., for EU fish ban removal efforts

The Seafood Exporters Association of Sri Lanka (SEASL) gave the incumbent regime a vote of confidence

Central Bank denies bond auction manipulation charges

Amid mounting allegations of possible rigging of the country’s bond market, the Central Bank Governor

Bogala Graphite demotes itself to comply with public free float rules

Bogala Graphite Lanka, a unit of Netherlandsbased AMG Advanced Metallurgical Group N.V., said it would demote

Countrywide consumer prices up 2.2% in March

Sri Lanka’s inflation of all provinces rose 2.2 percent in March 2016 from a year ago, rising from 1.7 percent in February

Electrifying Chinese car buyers!

Journalists look at the Smart “Forfour” Kris Wu edition car at the Mercedes store as part of the “Auto China 2016”

Lessons from private sector to improve public service delivery

Few weeks backs, I spoke to a group of public servants about good HR private sector practices and how 

Credit rating: Process and methodologies

The previous articles provided an understanding on what credit ratings are and discussed the content of a rating

NTB American Express Card offers 40% savings for cardmembers at Cinnamon Hotels & Resorts

As one of the most prestigious and well accepted  credit cards in Sri Lanka, Nations Trust Bank American Express 

Cargills supports A’pura, Vavuniya farmers in passion fruit cultivation

Cargills (Ceylon) PLC together with SOLID a project by USAID ceremonially handed over equipment to farmers

ComBank hosts Lankans in exchange houses in Qatar

The Commercial Bank of Ceylon recently felicitated a group of Sri Lankans employed in exchange houses 

Exclusive programme for chairmen with SLID and IFC

The Sri Lanka Institute of Directors (SLID) has partnered with IFC, a member of the World Bank Group