Ceylon Chamber and IRD to hold seminar on ‘RAMIS’ tax system

The Ceylon Chamber of Commerce in collaboration with the Inland Revenue Department (IRD) will hold a seminar to discuss the ‘Benefits of RAMIS for Business’ on February 18, 2016. It is the first private sector forum on the new system to pay and collect taxes online, launched by the IRD recently.  

Beauty pageant to give big boost for tourism

The ‘Ms. Tourism Sri Lanka-International’ pageant is organized by Essential Entertainment for the first time, with the aim of taking Sri Lanka to the world. 

Island Dairies wins two Gold Awards at Entrepreneur of the Year Awards

Island Dairies Pvt. Ltd. received accolades at the Entrepreneur of the Year award ceremony organized by the Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL), when they received 2 Gold Awards at this prestigious event. 

NDB Wealth hosts Islamic finance seminar

Expert financial planner – NDB Wealth – hosted an Islamic finance seminar for present and future investors to commemorate the recent visit of Mufti Shafique Jakhura, the highly respected Muslim legal authority, which oversees the NDB Wealth Islamic Money Plus Fund. 

UB Finance commences operations in Gampaha

UB Finance, a subsidiary of the Union Bank of Colombo PLC, has remained determined in delivering business excellence and sustainable value to its stakeholders and provides its depositors with secure and maximized returns throughout its journey.

Air travel demand in 2015 best in five years: IATA

The International Air Transport Association (IATA) announced global passenger traffic results for 2015 showing demand (revenue passenger kilometers or RPKs) rose 6.5 percent for the full year compared to 2014. 

Access group subsidiary secures major project in Maldives

Access International, a unit of diversified Access group, has secured a major aeronautical infrastructure project in the Maldives, the company said in a media statement.   

Upali Hettiarachchi appointed as HDFC GM/CEO

Upali Hettiarachchi has been appointed as the General Manager (GM)/Chief Executive Officer (CEO) of Housing Development Finance Corporation Bank

BoI briefs non-resident ambassadors, defence attaches at Koggala Zone

The Board of Investment (BoI) recently organised a special programme for 57 non-resident heads of mission, defence advisors and defence attaches who were visiting Sri Lanka to attend the 68th Independence Day celebrations in Colombo.    

Seylan Bank’s personal loans in 48 hours

Seylan Bank, a frontrunner in providing convenient customer-focused products, has launched a fast-track programme for its personal loans due to the increased popularity and overwhelming response from  the recipients.

Senior leaders say big data, misaligned incentives and bureaucracy lead to bad decision making

Senior leaders are struggling to make the right decisions, with 72 percent of organisations admitting that at least one strategic initiative failing in 

Pan Asia Bank offers free medical insurance cover for ‘Suwasavi’ deposit holders

Sri Lanka’s fastest growing commercial bank – Pan Asia Banking Corporation PLC –relaunched its unique value-added fixed deposit product, ‘Suwasavi’, which comes with a free medical cover and a host of other benefits.  

‘Thapasya’ incense sticks to improve market fragrance

Tapasya Industries (Pvt) Ltd, one of Sri Lanka’s newest entrants into the incense product market under the umbrella of Gnanam Group of companies, recently launched ‘Thapasya’ incense sticks in a variety of exiting 

Triumph recognizes high achievers at Sales Conference

The global leader in alluring lingerie and leading trend setter in Sri Lanka, Triumph International rewarded and recognized its top performers at the annual sales conference recently. Transforming Galadari’s Main Ballroom into a carnival, in keeping with its reputation of bringing the latest trends, this year’s conference carried a Brazilian carnival theme.

US–China rivalry: Does Asia have to choose?

Can America preserve the US-led regional order by resisting China’s challenge to replace it with ‘a new model of 

MTI’s ‘idea2fund’ gets a boost from top corporates

Top corporates in Sri Lanka from diverse industries have joined hands with MTI Corporate Finance to sponsor ‘idea2fund’.   

DFCC BANK REWARDS WINNERS FROM DUBAI CONCERT RAFFLE DRAW

Lanka Money Transfer (LMT) recently sponsored Rhythm Night, a concert organized for the Sri Lankan migrants working in Dubai

A GLAMOROUS NIGHT AT THE FISHERY WITH MRS. WORLD 2014!

It was a night full of fun and frolic. The lovely and delicious seafood cuisine with the company of Rozanne Diasz, Vasana Dhanthanarayana and the contestants for Mrs. Sri Lanka made the occasion much exciting.

Leo Burnett successfully completes HumanKind workshop in Galle

Leo Burnett Solutions Inc., (LBSI) the local office of the global advertising network Leo Burnett Worldwide, recently completeda success fulregional Human Kind workshop 

ICTA in initial talks with Central Bank to introduce crypto-currencies

Sri Lanka’s ICT agency chief yesterday said it had held initial discussions with the Central Bank of Sri Lanka on including crypto-currencies into the country’s financial system. Information 

Ports Minister calls for open discussion to resolve maritime issues

Minister of Ports and Shipping Arjuna Ranatunga emphasized the need for an open discussion to resolve ports and maritime sector issues.

US $ 15bn tourism industry at risk sans master plan: research

Sri Lanka’s tourism industry, the only sweet spot in the economy with a potential of earning US $ 15 billion by 2018...

KLS Energy and CEB blame each other over halted solar hybrid plant in Jaffna

KLS Energy Lanka (Pvt) Ltd’s US$ 150 million wind/solar hybrid power plant in Jaffna has been cancelled as the company had not continued its investment in the project, a top government official said.

Rupee forwards steady; IMF concerns weigh

REUTERS: Sri Lankan rupee forwards traded steady yesterday as mild importer dollar demand offset selling of the greenback by banks

Rural folks embrace renewable energy

Sri Lanka expects to generate 100 percent renewable energy for local consumption by 2050. The picture shows a cadjan-thatched hut in Panama, Eastern Province, belonging to a fisherman, with a solar panel on the roof

Celebrity Chef Marco Pierre White acclaims Cinnamon Air

Cinnamon Air, Sri Lanka’s premier domestic airline,is glad to have had world-famous culinary legend Marco Pierre White on board during his visit to Sri Lanka organised by Cinnamon Hotels & Resorts in collaboration with the British High Commission and SriLankan Airlines.   

Litro Gas posts record growth in year 2015

The national LPG (liquid petroleum gas) company marks 2015 a record year posting gross profits of over Rs.6 billion with significant increases in volumes (22 percent) and market growth (acquiring a total 485,548 new connections).    

ICS (UK) breaks new ground in China

The Institute of Chartered Shipbrokers (ICS) UK said it has signed a Tripartite Co-operation Agreement with China’s Ministry of Transport and China (Shanghai) Pilot Free Trade Zone, to launch the International Shipping Professionalism Development Programme.   

Five major economic risks to watch for this year

Developing Asia is poised to grow at 6 percent this year, a slight uptick from the 5.8 percent figure in 2015, but looking ahead, five major economic risks loom on the horizon and the impact of each will be different across countries.  

European Union and FAO support marine finfish farming development in Sri Lanka

The Food and Agriculture Organization of the United Nations (FAO) in collaboration with the National Aquaculture Development Authority (NAQDA) is constructing a marine finfish hatchery in Tharmapuram, Batticaloa to fulfill the national objectives to promote marine finfish farming in the country.