First round of MTI’s ‘idea2fund’ presentations begins today

‘idea2fund’, the enabling platform powered by MTI Corporate Finance for Sri Lanka’s Future Entrepreneurs will start its first round of concept presentations today. The presentations will take place today

Sprite launches ‘Cool Cash’ under crown promo

Sprite, the second largest sparkling beverage brand in The Coca-Cola Company’s portfolio recently launched its exciting

Germanwings probe wrestles with doctor -patient confidentiality

AFP - A year after the Germanwings plane crash caused by a suicidal co-pilot a year ago, French investigators are still wrestling with a complex manslaughter probe involving interested parties from some 20

United Trading brings ICC WT20 India 2016 merchandise for Lankan fans

The International Cricket Counci l ’s (ICC) off icial merchandise licensee in Sri Lanka, United Trading Company (Pvt.)

Oil slick stains Taiwan coast after cargo ship runs aground

AFP - An oil slick from a stricken cargo ship off Taiwan’s north coast could cause “massive” devastation to the area’s sea life, environmentalists said yesterday, as clean-up workers scrambled to contain the leak

DIMO powers Moratuwa University students at Formula Student 2016

Diesel and Motor Engineering PLC (DIMO), one of the leading automobile companies in Sri Lanka, will be supporting the engineering students from the Mechanical Engineering Department of the University

Canada allows French beef imports to continue after mad cow case

AFP - Canada will refrain from banning French beef imports even though a case of mad cow disease was confirmed at a farm in the European country, Ottawa said Thursday. The decision came after the French

Next session of ‘Ease of Doing Business’ on March 30

The seventh stage of the ‘Ease of Doing Business’ series will be held under the aegis of Minister of Finance

New Zealand PM at Horton Debates

New Zealand Prime Minister John Phillip Key addressed the Horton Debates during his recent visit to Sri Lanka. 

Velvet’s ‘LiyakaMahima’ islandwide initiative concludes successfully

Velvet, Sri Lanka’s number one beauty soap brand recently launched an islandwide initiative on the International 

Ceylon Chamber signs MOU with Zurich-based Swiss-Asian Chamber

The Ceylon Chamber of Commerce and Zurich based Swiss- Asian Chamber of Commerce signed an MOU recently in a bid to promote trade and investments between Sri Lanka and Switzerland. The signing

MoneyGram Bowling Challenge winner flies to India for ICC World T20 2016

MoneyGram, an official sponsor for the ICC World T20 2016, recently concluded the ‘MoneyGram Bowling Challenge’ at the Galle International Cricket Ground. In a bid to find the fastest bowler in the country,

US senators see security risk in China’s takeover of Syngenta

AFP - Top US legislators called Thursday for a national security assessment of a Chinese state company’s

Credit Suisse to pay $29 mn in U.S. regulator’s mortgage case

REUTERS: Credit Suisse Group AG has agreed to pay more than $29 million to resolve a U.S. regulator’s claims that it sold toxic mortgage-backed securities to credit unions that later failed, according

Myanmar launches first shares on fledgling bourse

A F P - Myanmar launched its first stock exchange with just one listed company yesterday, with hopes the move could aid the country’s economic rise as it emerges from decades of isolationist military 

Blue Mountain crowned ‘Most Promising Brand in Asia 2016’ at 3rd Asia Brands and Leadership Summit

Blue Mountain was awarded the ‘Most Promising Brand in Asia 2016’ - Real Estate Category, at the 3rd Asia Brands and Leadership Summit held in Bangkok recently. The leading real estate company was the only Sri Lankan corporate entity to be awarded at the high profile ceremony,

Sunshine-Watawala group enters dairy business with US $ 11.5mn investment

Diversified conglomerate Sunshine Holdings PLC’s subs idiary Watawala Plantations PLC yesterday entered into a joint venture with Singapore-based asset manager Duxton Asset Management to set up a US$ 11.5

Oil prices and the global economy: It’s complicated

Oil prices have been persistently low for well over a year and a half now, but as the April 2016 World Economic Outlook will document, the widely anticipated “shot in the arm” for the global economy has yet to materialize. We argue that, paradoxically, global benefits from low prices will likely appear only after prices have recovered somewhat, and advanced economies have made more progress surmounting the current low interest rate en

Nestle launches Sri Lanka’s first smart cool beverage solution

Nestlé Professional, Nestlé’s ‘Out-of-Home’ food and beverage solutions provider, recently launched Sri Lanka’s first ever proprietary cool beverage dispenser made with advanced smart technology ,NESTLÉ COOLPRO. 

Alpha to add colour to festival season with “Scratch & Save” promotion

Alpha Industries, one of the leading furniture manufacturers in Sri Lanka, launched a unique “Scratch & Save” Avurudu promotion that is available for home and office furniture and safes displayed at their showrooms.

AIA tops Million Dollar Round Table from Sri Lanka

AIA boasts the most number of qualifiers for this year’s Million Dollar Round Table (MDRT) from Sri Lanka. With a total of 63 qualifiers, comprising 48 wealth planners and 15 bancassurance executives, these highflyers are testament that AIA has the best agency and bancassurance expertise in the country. 

Cinnamon Air recognizes Lankan high achievers with ‘Cinnamon Air Honours’

Cinnamon Air, Sri Lanka’s premier domestic airline, launched ‘Cinnamon Air Honours’ as part of its corporate social responsibility (CSR) initiatives in which a free scenic flight is offered to outstanding performers in a given field. Cinnamon Air offered a scenic flight to students who ranked first in the island in each discipline at the 2015 GCE Advanced Level examination.

Fitch affirms and withdraws HSBC SL at ‘AAA’(lka) over commercial reasons

Fitch Ratings Lanka has affirmed and simultaneously withdrawn the rating of HSBC Sri Lanka branch’s (HSBCSL) national long-term rating at ‘AAA(lka)’ with a stable outlook due to commercial reasons.

Gestetner launches exciting new cost-effective documentation solution products

Total document solutions provider Gestetner of Ceylon PLC recently added two brand new products to its portfolio, enriching its capacity to service the documentation needs of clients including some of Sri Lanka’s top conglomerates. 

NTB invites Amex customers to enjoy this Avurudu with ‘the Card for all seasons’

Reaffirming its status as the ‘Card for all seasons,’ Nations Trust Bank (NTB) American Express (Amex) has announced its latest campaign, this time for ‘Avurudu’, which aims to offer cardmembers the best experiences through a host of exclusive offers relating to travel, clothing, dining, supermarkets, car care, home care, jewellery, Duty Free shopping and entertainment.

Rocket Internet’s Zen Rooms enters Sri Lanka and a few other Asian markets

ZEN Rooms, powered by Rocket Internet, confirms its #1 position in the Southeast Asia budget hotel sector by announcing the opening of operations in four new countries: Thailand, Singapore, Sri Lanka and the Philippines.

Union Assurance introduces Union Single Premium Advantage investment plan

Union Assurance, a company that is constantly reinventing the face of life insurance in Sri Lanka, has brought the benefits of investment to countless policyholders through its revolutionary Union Single Premium Advantage investment plan.  

Sampath credit cards offer bigger and better discounts this season

As the Avurudu festivities get underway, SampathCards reiterates its commitment to offer its customers with valuable promotions during the upcoming Sinhala and Tamil New Year. By partnering with over 100 merchants islandwide, SampathCards will be offering magnificent discounts of up to 45 percent to all Sampath MasterCard, Visa and American Express Everyday credit cardholders from the March 14 until April 13. 

Qatar Airways announces three-year partnership with Beach Polo Cup Dubai

Qatar Airways, the national carrier of the State of Qatar, has announced a three-year sponsorship of Team Qatar Airways and Official Airline Sponsor to the Beach Polo Cup Dubai, commencing 2016 through to 2018.

Novotel Phuket Vintage Park, a top resort to relax in Phuket

Novotel Phuket Vintage Park is located in the heart of Patong Beach, Phuket, Thailand. The resort can be reached with a just five-minute walk from Patong beach and a 20-minute drive from Phuket town. Phuket International Airport can be reached within 40 minutes drive from the property.