DFCC debentures snapped up on opening day

DFCC Bank yesterday said it received applications for over 50 million debentures priced at Rs.100 each on the opening day of its Rs.7 billion debenture issue.

Thailand in four-pronged approach to boost SL growth

By Shabiya Ali Ahlam As Sri Lanka is actively fishing for partners to propel growth, Thailand, the South East Asia’s second largest economy, yesterday affirmed that it is committed in collaborating with the island nation to help strengthen the economy.

S&P revises Sri Lanka’s outlook to negative; affirms ‘B/B+’ ratings

Standard & Poor’s Ratings (S&P) Services yesterday revised the outlook on its ‘B+’ long-term sovereign credit ratings on Sri Lanka to negative from stable, citing high government debt and weak external and fiscal performance.

Ravi assures foreign investors could expect win-win deal in Sri Lanka

Finance Minister Ravi Karunanayake yesterday urged potential international investors to confidently enter Sri Lanka and assured the unity government will do its best to create win-win situation for both parties. 

Dhammika knocks at Nawaloka Hospital’s door

Yesterday marked high net worth investor Dhammika Perera’s entry into the country’s private hospital sphere with the acquisition of 24 percent stake in the leading family-controlled Nawaloka Hospitals PLC, in a deal worth over Rs.1.2 billion.

Sri Lanka marks 50 at ITB travel trade show

The Sri Lanka Pavilion was a big draw at the world’s largest travel and trade show, ITB which opened in Berlin on Wednesday. 

‘Sampath MY Bank’ targets unbanked and underbanked segments of society: COO

 As one of Sri Lanka’s leading commercial banks, Sampath Bank has made an indelible mark within the country’s financial services industry and is now a trusted name among Sri Lankans. 

International Women’s Day – Do we still need it?

As usual, when March 8 rolled around, as it does every year, women all over the world celebrated it in different ways. The International Women’s Day is a fixture on our calendars; yet, in today’s complex world of changing roles and transforming relationships, questions are being asked if we still need it.

Grooming employees to win the hearts of customers

Business organisations struggle to win market competition by setting strategies, making innovations, especially introducing customer-centric goods and services. In simple definition, market competition means more suppliers and different products that really attempt to satisfy customer expectations in the best possible way and want customers to buy their products more frequently at higher prices. However, this does not come about smoothly and spon

Fintelekt and LIMRA organize Insurance Summit in Colombo

The first Fintelekt-LIMRA Summit on Insurance Marketing and Distribution was held at the Taj Samudra, Colombo recently. 

Three Sinha Group wins Manufacturing Excellence Award

Three Sinha Group of Companies, an organization that constantly strives to break new barriers in the roller door industry was honoured with the distinction of being awarded the ‘Manufacturing Excellence’ title. 

Nawaloka Agri dealers visit Sonalika Factory in India

Nawaloka Agri (Pvt) Ltd, recognised excellence in dealer performance recently with a visit to India’s Sonalika Factory.

Pro Food/Pro Pack & Agbiz 2016 in August

Pro Food/Pro Pack & Agbiz 2016, Sri Lanka’s only comprehensive food, agriculture and packaging exhibition, will be held for the 15th consecutive year on August 12, 13 and 14, 2016, at the Sirimavo Bandaranaike Memorial Exhibition Hall.

Fresenius Kabi COM.TEC initiates platelet aphaeresis at Army Hospital

The newly introduced cutting-edge German technology will improve the therapeutic plasma exchange (TPE) process with the recent acquisition of a Fresenius COM.TEC machine at the Sri Lanka Army Hospital, Narahenpita. 

Vim and Women and Child Affairs Ministry empower Lankan women

The role of women has evolved over time moving from the primary role of a woman as a wife, a mother and a keeper of the household to a more challenging and demanding role, which involves active engagement and contribution towards her family’s financial and social wellbeing. Given this background, empowering women to rise up to this challenge through equipping them with adequate skills is essential to the betterment of society.

Celebrating Sri Lanka’s rising women entrepreneurs

Since its inception in 2012, the 5by20 programme has worked towards elevating socio-economic status of women across the country, by providing them with the training and development required to run successful entrepreneurial ventures. On the International Women’s Day, the 5by20 programme celebrates Ereshika Pushpakumari Samarasinghe and Nirmala Nilmini Navaratne, two programme participants who have acquired the skills needed to successfully

KOTRA and Korea Eximbank to support Korean enterprises to invest in Sri Lanka

In an effort to boost investment and trade between Sri Lanka and the Republic of Korea, the Korea Trade-Investment Promotion Agency (KOTRA) and the Export-Import Bank of Korea (Korea Eximbank) are exploring the possibility of increasing Korean companies investing in Sri Lanka.

Clearing Association of Bankers holds 7th AGM

The Clearing Association of Bankers (CAB) held its seventh Annual General Meeting recently at HNB Auditorium in Colombo 10. 

Bank of Ceylon deposit base exceeds Rs. 1 trillion

The Bank of Ceylon, the Sri Lankan banking giant has scored its second trillion by its deposit base reaching over Rs. 1 trillion. 

Serendib Flour Mills reiterates commitment to quality

Serendib Flour Mills (SFML) has always had an unwavering commitment to producing the finest quality of wheat flour available in Sri Lanka. The company follows stringent best practises and protocols to ensure that it produces wheat flour of superior quality that contains optimal levels of nourishment, said Hemani Gunathilaka – Head of Quality Assurance, Serendib Flour Mills who oversees all aspects of quality control at the company’s s

Access making headway in towns East of Colombo Water Supply Project

Access Engineering PLC is making headway in the supply and laying of water distribution pipe network in the Padukka and  Seethawaka DS areas under the Towns East of Colombo District Water Supply Project implemented by National Water Supply and Drainage Board. 

NDB Wealth advises ‘financial equality’ on International Women’s Day

In commemorating the International Women’s Day and its 2016 theme, ‘Pledge for parity’, it is paramount that we bear in mind that an important part of securing any sort of parity for women is their achievement of true financial freedom. As such, expert financial planner NDB Wealth advises all women, in line with the International Women’s Day, to really think about how to gain ‘financial equality’ by more effect

JKH powers CA Sri Lanka again with lead sponsorship

Sri Lanka’s leading conglomerate, John Keells Holdings PLC (JKH) has once again powered the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) with a lead sponsorship. JKH has been CA Sri Lanka’s lead sponsor since 2007.

Sivagananathan transformed industry landscape: Eran

A wise man once said that the greatest legacy one can pass onto one’s children and grandchildren is neither money nor materialistic things accumulated in one’s life, but a legacy of character and faith. K.Sivagananathan, an innovative banker, is one such who lived up to those words.

World Kidney Day 2016: What more can Sri Lanka do to save lives?

The World Kidney Day this year (March 10) was marked under the theme ‘Kidney diseases and children, act early to prevent it’. Acknowledging the fact that kidney diseases affect millions of people worldwide including many children, the global awareness campaign is aimed at encouraging and facilitating education, early detection and a healthy lifestyle in children, from birth, so that they are free from such health issues during old age

Singer and Beko to send three couples on amazing Spanish tour

Singer Sri Lanka PLC, the country’s leading appliances retailer, together with Beko, Europe’s top domestic appliance and consumer electronics brand, is providing the opportunity for three lucky couples and the top most contributors for Beko sales in Branch Management to travel to Spain for a weekend to watch the world’s leading football club in action.    

Blue Mountain’s Latest Project in Rajagiriya Sells Out on Launch Day

Blue MountainProperties (Private) Limited, Sri Lanka’sleadingpropertydeveloper, announced that their flagship real estateproject in Rajagiriyawassold out on launchday.

Litro Gas Donates Blood Pressure Meters to the National Hospital

Litro Gas, the largest national importer and market leader of Liquefied Petroleum Gas (LPG) in Sri Lanka, together with Litro Gas Terminal Lanka recently donated blood pressure meters to the National Hospital in Colombo

Mercedes-Benz and Uber give first on-demand luxury ride experience

On February 13th 2016, Mercedes-Benz Sri Lanka adorned the streets of Colombo with super-luxury vehicles in a Valentine’s experience unlike any other. Teaming up with Uber, t h e s u p e r c h a rged brand 

Senok Automobiles announces Audi A4 arrival along with convenient payment methods

??By Zahara Zuhair As Audi A4 would be steering on the local roads by April, Audi Sri Lanka has partnered Mercantile Investments and Finance PLC to offer attractive and innovative finance schemes