Fashion Bug continues CSR activities into the New Year

Fashion Bug has completed yet another CSR activity for the New Year by refurbishing an entire ward at the Kalubowila 

S-lon initiates drinking water project at Pahiyangala temple

S-lon Lanka (Pvt) Ltd has supported innumerable social and community programs, touching the lives of many Sri Lankans. Continuing its corporate social responsibility, S-lon Lanka fulfilled a long felt need 

Brandix ups holding in Textured Jersey

Textile giant Brandix Lanka has marginally increased its shareholding in weft knit fabric manufacturer Textured Jersey Lanka (TJL) PLC by 1.25 percent through several deals on the Colombo bourse. It acquired

Govt. yet to decide how to finance Rs.1.1tn unaccounted borrowings

The government has not yet decided on how to finance the Rs.1.1 trillion in undocumented borrowings taken by the past regime, Finance Minister Ravi Karunanayake said. Mirror Business reported 

Ceylon Chamber appoints Dhara Wijayatilake as CEO

The Ceylon Chamber of Commerce, the country’s premier business chamber, yesterday announced the appointment of Dhara Wijayatilake, attorney-at-law, as its new CEO, with effect from March 01, 2016

Shares end at 22-month low; rising rates weigh

REUTERS: Sri Lankan shares fell to 22-month lows yesterday on low volume as rising market interest rates dampened market sentiment and forced some investors to shun risky assets. Sri Lanka’s benchmark 

Moody’s says higher interest rates to increase debt servicing cost, decelerate growth

Despite the recent policy interest rate hikes by the Central Bank having the potential to offset some of the external risks and higher domestic credit growth, higher rates will lead to higher domestic debt servicing cost,

Consumer prices rise in February; core inflation at 33-mth high

REUTERS: Sri Lanka’s consumer prices in February rose 2.7 percent from a year earlier, accelerating from the previous month’s 0.9 percent, data from the Department of Census and Statistics showed yesterday.

SLT group Operating Profits up by 19% YoY with a sustainable revenue growth of 5%

Sri Lanka Telecom PLC (SLT) released its Company and Group financial performance during the year 2015. The group comprises of the holding Company Sri Lanka Telecom PLC and 8 subsidiaries, including the mobile arm Mobitel (Pvt) Ltd.

Hirdaramani Group’sEheliyagoda Facility receives LEED Gold Certification

Council recently. The award, which is verified by the Green Building Certification Institute (GBCI), marks the Hirdaramani Group’s fifth LEED Certified facility in Sri Lanka. The prestigious certification was audited by Co-Energy (Pvt.) Ltd.

Litro Gas ignites smiles with ‘Live Cook-off’

Litro Gas, the largest national importer and market leader of Liquefied Petroleum Gas (LPG) in Sri Lanka, recently organized‘Live Cooking Competition’, an exciting, fun-filled cookery competition amongst 20 glamorous pageants who participated for Miss Tourism Sri Lanka International,

Fitch downgrades Sri Lanka to ‘B+’; outlook negative

Fitch Ratings yesterday downgraded Sri Lanka’s sovereign credit rating to ‘B+’ from ‘BB-’ and assigned a negative outlook.

Members of the Baur Foundation visit Baurs

The President Olivier Dunant and the Members of the Council of the Foundation Alfred & Eugénie Baur Stéphanie La Roche, Philippe Ilg and Sébastien Demole visited Baurs and looked at the progress of the expansion plans in infrastructure and business lines.

Hirdaramani Group’s Eheliyagoda facility receives LEED Gold Certification

Hirdaramani Knit, Eheliyagoda, was awarded the LEED Gold Certification by the U.S Green Building Council recently. The award, which is verified by the Green Building Certification Institute (GBCI), marks the Hirdaramani Group’s fifth LEED Certified facility in Sri Lanka. The prestigious certification was audited by Co-Energy (Pvt.) Ltd.

Kia Motors (Lanka) supports training at technical colleges

Kia Motors (Lanka) Ltd has offered on-the-job training at its repair and service facilities to Sri Lankan students who achieved the highest marks on completion of the National Vocational Qualification (NVQ) Automobile courses at the local technical colleges, as part of the company’s contribution to a project supported by the Korea International Cooperation Agency (KOICA). 

Abans make cooking a pleasure with Pyrex, Corning, Visions & Corelle

Modern cooking was never so convenient till Pyrex introduced its range of ultra tough cookware and bakeware. The innovative Visions and Corning range in which you can cook over a direct flame, serve, freeze, reheat and serve again, all in the same dish, saves the housewife precious time in washing and cleaning. 

Nissan shares skyrocket on share buyback announcement

AFP: Nissan shares soared yesterday morning as investors cheered the carmaker’s plans for a share buyback, after a bloodbath on equity markets at the start of the year hammered the stock. Japan’s number two automaker said after the Tokyo market closed on Friday that it would purchase up to 400 billion yen (US $ 3.5 billion) worth of its own shares by the end of the year.

Ghosts from the past still haunt in thought and deed

The notion of being haunted is an uncomfortable one, and the annual Halloween media frenzy, not to mention the plethora of TV series in recent years, which seem to have unearthed these haunted and bewitched themes, only seeks to keep the spirit of these non-worldly creatures alive. 

TFO marks 5th anniversary with 50% off on all items

In celebration of the 5th anniversary, The Factory Outlet (TFO) conducts it’s 5th Gala Anniversary Sale to share this successful milestone with it’s customers by providing 50 percent discount on all items. 

K. Sivagananathan Memorial Oration & Awards to be held next week

K Sivagananathan Memorial Trust (KSMT) and the Association of Professional Bankers of Sri Lanka (APB) will hold its 14th annual K Sivagananathan Memorial Oration & Awards Ceremony on 8th March in commemoration of the late K Sivagananathan, an innovative banker in Sri Lanka.  

Yamaha Music Centre launches Marshall Bluetooth speakers and headphones

A new dimension in high quality sound amplification has been introduced to Sri Lanka by the Yamaha Music Centre with the launch of a range of Bluetooth speakers and headphones from Marshall, the iconic British manufacturer of guitar amplifiers.

Bettina Würth ceremonially opens new Würth Lanka premises

Würth Lanka (Pvt.) Ltd – the leader in motor vehicle and construction industry aftermarket products and solutions – moved its head office to a spacious new location at No: 375/B, High Level Road, Makumbura, Pannipitiya in order to support its rapidly growing business operations. 

Decoding leadership: What really matters

Telling CEOs these days that leadership drives performance is a bit like saying that oxygen is necessary to breathe. 

Docs on warpath with PM over ETCA: Dialogue is what is required

The secrecy and the heat surrounding the proposed Economic and Technology Cooperation Agreement (ETCA), has left both supporters and opponents in a state of confusion and frustration. As a result, many of the local professional bodies fear Indian professionals would flood Sri Lanka and take away the limited lower middle level jobs. 

CEAT launches road trip to capture support for cricket team

As cricket fever tightens its grip on the subcontinent, Sri Lanka’s wielders of the willow are to be given a morale booster by CEAT, the country’s leading tyre brand, which is rolling out an innovative activity to reignite the fervour and unite fans behind the island’s un-fancied team.

First Lak Sathosa opens in Batticaloa district

The first ever Lak Sathosa that opened in the Batticaloa district has netted almost Rs 400000 in its opening day. 

Modern Trading opens “Modern House” in Colombo

Modern Trading (Pvt) Ltd., recently celebrated the opening of their showroom “Modern House” at Vijaya Kumaratunga Mawatha, Colombo 5.

DIMO ties up with Vallibel Finance to promote Tata passenger vehicles

Vallibel Finance partnered with Diesel & Motor Engineering PLC (DIMO) to offer attractive leasing options for Tata passenger vehicles. 

GSK launches dedicated website to share knowledge with doctors

GlaxoSmithKline (GSK) Pharmaceuticals has launched an online information resource exclusively for medical professionals in Sri Lanka, taking its commitment to the fraternity to a new level. Accessible to doctors 

Convenience Foods receives ISO certification for environmental management

Convenience Foods (Lanka) PLC a subsidiary of Ceylon Biscuits Limited (CBL), is the pioneer in manufacturing and marketing Lankasoy, the market leader for soya based products in Sri Lanka. The company