Browns Tours launches very own office premises

Browns Tours Ltd, a fullyowned subsidiary of Browns Group of Companies and a pioneer in outbound tours, has marked a successful tenure in business excellence with the launch of its very own office premises.

Qatar Airways celebrates one-year anniversary of A350 operations

Qatar Airways celebrated its one-year anniversary of A350 operations by hosting royal guests, media and trade partners at its dedicated chalet on the first day of Bahrain International Airshow (BIAS), the first aviation show of the year

PIMA Holds Press Conference to Announce the Launch of PIMA Olympics-National Management Awards 2016

The Postgraduate Institute of Management Alumni (PIMA) hosted a press conference on the 27th of January 2016, in order to announce the launch of the PIMA Olympics - National Management Awards.

Etihad Airways announces global sale in Sri Lanka

Etihad Airways, the national airline of the United Arab Emirates, is offering travellers from Sri Lanka fantastic savings in its six-day global sale starting from January 26. From Colombo, guests travelling in Business and Economy

Emirates announces fifth daily service to Colombo

Emirates has reaffirmed its commitment to Sri Lanka by introducing an additional daily service between Dubai and Colombo. Effective from August 1, 2016, Emirates will operate five daily flights between

OPA says no to ETCA affecting professionals

The Organisation of Professional Associations of Sri Lanka (OPA) has expressed its concerns over the proposed Economic and Technology Co-operation Agreement (ETCA) with India. “The OPA, as the apex body of professionals in the country,

Lasantha Wickremasinghe inducted as 23rd CA Sri Lanka President

Chartered Accountant, Lasantha Wickremasinghe was inducted as the 23rd President of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) on January 26, 2016 in the presence of a distinguished audience including senior government officials,

Currency depreciation, higher import costs hinder Lanka Ashok Leyland bottom line

Lanka Ashok Leyland recorded a top line of Rs.7.4 billion, a 27 percent increase over the Rs.5.8 billion recorded for the same period last year. The third quarter recorded a turnover of Rs.2.7 billion.

CMA and GRI workshop on sustainability reporting

The Institute of Certified Management Accountants of Sri Lanka (CMA) the national professional management accounting body in Sri Lanka will conduct a workshop with 

NDB brings committed service to residents of Narammala

NDB recently opened its latest branch in Narammala in a bid to support the economic and livelihood development in the Kurunegala District. With this opening, NDB branch network has now grown to ninety f ive (95),

Lankathilake appointed as Deputy Governor

The Monetary Board, with the concurrence of the Finance Minister, has promoted Assistant Governor S. Lankathilake to the post of Deputy Governor of the Central Bank of Sri Lanka (CBSL) 

Sampath Bank goes green

Solar energy system installed at Colombo super branch in Dharmapala Mawatha In line with one of its core CSR pillars, ‘Environment Protection a n d C o n s e r v a t i o n ’ , Sampath Bank, renowned as a responsible corporate citizen, 

ComBank opens supermarket banking unit at Laugfs Delgoda

The Commercial Bank of Ceylon has enhanced its presence in the Biyagama area with the opening of a supermarket banking unit at the Laugfs Supermarket at 328A, New Kandy Road, Delgoda. The new branch, 

Al-Falaah moves into new corporate office

Al-Falaah, recently moved to its very own corporate office premises. Strategically located at No. 481, T.B. Jayah Mawatha (Darley Road), Colombo 10, Al-Falaah is now bet ter equipped than ever before to offer its clientele

1st Indo Lanka Customer Engagement Forum

The Customer Engagement forum  is organised by the ACEF TEAM and is guided by an Advisory Board who has the credentials in advanced Customer Engagement work.

Over US $ 1.5bn required to resurrect ailing Lankan rail network: Ircon

Investments exceeding US $ 1.5 billion would be required to resurrect Sri Lanka’s ailing railway network, according to a top official of Indian government’s rail construction subsidiary Ircon International Limited. 

SRR hike could eat into banking sector margins: research

?The banking sector margins and the profits could come under pressure due to the increase in the reserve requirement by the Central Bank, which came into effect from January 16, a research by a Colombo-based stock brokerage said. 

Chevron Lubricants 4Q profits up despite higher tax expenses

?Chevron Lubricants Lanka PLC, the local unit of US-based multinational, saw its December quarter (4Q15) net profit increasing 28 percent year-on-year (YoY) to Rs.713.3 million, the interim financial accounts released to the Colombo bourse showed.

Mini-hydropower producers get all-time high tariffs from CEB

?The Ceylon Electricity Board (CEB) has decided to offer by far the highest supplier tariff for mini-hydropower producers for a unit of energy purchased for 2016 with retrospective effect from 2015, according to a research arm of a stock brokerage. 

Tea industry brews lowest output in three years

Sri Lanka’s 2015 tea production declined to a three-year low of 328.96 million kilogrammes (Mkg). Statistics released by the Sri Lanka Tea Board (SLTB) 

ADB to increase financial assistance

?Sri Lanka is slated to get US $ 1 billion from the Asian Development Bank (ADB) as financial assistance in 2017, a Finance Ministry press statement said. 

Hameedia honours top performers at Executive Leadership Night 2015

Hameedia recently hosted ‘Executive Leadership Night 2015’, at the Envoy Mansion, to recognise and honour 200 of its top performing employees from 2015.‘Executive Leadership Night 

British Car Day 2016 with the Classic Car Club and Land Rover

The Classic Car Club of Ceylon and Land Rover for a thirdyear running present ‘British Car Day’, an event, whichshowcases British cars and motorbikesfrom the 1930s onwards in true festival spirit.

Sunquick “Drink & Win” Consumer Promotion with 100 Sisil Refrigerators

Sri Lanka’s premier and number one fruit juice brand “Sunquick” has once again commenced its annual consumer promotion, Sunquick “Drink & Win”, from January onwards.

Cargills Bank offers home loans at attractive interest rates

?Cargills Bank has introduced housing loans scheme at an attractive interest rate of 9.25 percent. This has devised to alleviate financial constraints of the people in fulfilling their housing needs.

Blood ivory

?Buddhist monks look at African elephant tusks (blood ivory) seized by Sri Lanka Customs to be destroyed, before they held prayers for the dead elephants, at Galle Face Green in Colombo yesterday (REUTERS PHOTO)

Seylan Bank celebrates Thai Pongal

?The staff of Seylan Bank celebrated the annual Thai Pongal festival on January 18, 2016, at the Seylan Bank head office, Kollupitiya. Director/CEO Kapila Ariyaratne, the senior management and staff members of Seylan Bank graced the occasion.

Ceylinco Life opens Green branch in Wennappuwa

?Ceylinco Life’s latest eco-friendly branch building has been formally declared open in Wennapuwa, as part of the life insurance leader’s on-going ‘Greening’ of its branch network. 

ComBank ties up with Bank Muscat Oman for instant money transfers

?Instant, real-time fund transfers between Oman and Sri Lanka have become possible as a result of a tie-up between the Commercial Bank of Ceylon and Bank Muscat, the leading financial services provider in the Sultanate.

Fonterra Brands Lanka on massive expansion mode

?The global dairy industry leader’s local subsidiary Fonterra Brands Sri Lanka will be opening a Rs.117 million demonstration and training farm in Pannala next month. “As we move forward, we see opportunities to increase our commitments here.