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.

Treasury likely to miss revenue targets from vehicle imports

The Treasury is likely to miss its highly optimistic revenue collection target from motor vehicle imports due to a myriad of issues, an economist and the head of a Colombo-based brokerage and research house pointed out. 

Selling at JKH; EPF suspected

?It was in the grapevine yesterday that the state-controlled private sector pension fund, the Employees’ Provident Fund (EPF), had been selling top blue-chip John Keells Holdings PLC (JKH) shares, dragging the share price as well as the entire market down. 

Aitken Spence to buy hotel in Oman

?Leading blue-chip conglomerate Aitken Spence is in the green to purchase Al Falaj Hotel in Oman, which it had managed up to now, for 14 million Omani rials, foreign news reports said. 

Towards sustainable wildlife tourism

?Sri Lanka Tourism took the first step in addressing one of the tourism industry’s major concerns and its impact on wildlife tourism by hosting a lecture on the theme “CITES and wildlife trade – What CITES does and how it links to wildlife tourism” at The Galle Face Hotel on Monday (25) evening.

Millennium Housing unveils “The Heights” today

The ground breaking ceremony of the naugural high rise project of Millennium Housing Developers PLC, ‘The Heights,’ will take place today at 9.10 am at the site. 

CIMA corporate partners launch 2016 today

?CIMA, the Chartered Institute of Management Accountants will launch its 10th Corporate Partners Programme under the theme ‘Pioneering the Beat of National Change’ on 27 January at the Atrium Lobby, Cinnamon Grand.  

Ceylon Chamber seminar on biomass energy

?Ceylon Chamber of Commerce, the country’s premier business chamber will conduct a seminar on Sustainable Biomass Energy Production and Modern Bio Technologies in a bid to help the government’s drive towards increasing the production of biomass based energy sources in the Island.

His Ministry to restructure rather than run public enterprises, Kabir Hashim tells OBG

?The culture in Sri Lanka around public sector service delivery was one of several issues discussed in a recent interview that the Public Enterprise Development Minister Kabir Hashim gave to the global research, publishing and consultancy firm Oxford Business Group (OBG).

What makes the difference between customers wanting to buy and wanting to leave?

When asked about what factors impact sales, many retailers will allude to the economy, weak consumer spending, competition and recent ‘shop from home’ innovations. 

Exchange rate management: Politics trumps professionalism

?Most people in a country don’t understand the intricacies of exchange rate management. Nevertheless, actions in this regard have significant implications for the economic stability, growth and overall success of the economy, on which human development is fostered. 

Face reality, think radical or exports will stagnate: MTI

Delivering the keynote at the 30th anniversary celebrations of the National Chamber of Exporters, MTI CEO Hilmy Cader assessed the contemporary issues related to exports in the international market place, ...

MSLGROUP expands its presence to Sri Lanka by rebranding Arc PR

The move further cements MSLGROUP’s leadership in Asia as well as strengthens its footprint and capabilities in South Asia

Etihad Airways announces global sale in Sri Lanka

Colombo, 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 today (January 26).

Nolimit unveils ‘Pink Elephant’ brand

?Nolimit, ‘the choice of every Sri Lankan’ and the country’s biggest fashion chain, launched its new brand - Pink Elephant -  which embodies Sri Lankan identity and tradition with a collection of fashion clothing, accessories, footwear, homeware, stationery and souvenirs. 

Maliban launches ‘Melko’ full cream milk brand

?Maliban Milk Products (Pvt.) Ltd has launched the much-awaited full cream milk powder brand Maliban Melko for the Sri Lankan consumer.

Monetary Board keeps policy rates unchanged

The Monetary Board of the Central Bank yesterday decided to keep the current policy rates unchanged with its last monetary action mopping up some excess liquidity in the domestic money market and still being transmitted to the macroeconomy. 

December motor vehicle registrations slow down

?Vehicle registrations for December 2015 declined both year-on-year (YoY) and compared to the past few months, as the number of letters of credit (LCs) opened may have declined over the uncertainty that prevailed discouraging importers.  

Sri Lanka ranked 14th in 2016 global offshoring index

Sri Lanka has been ranked in the 14th position on the 2016 A.T. Kearney Global Services Location Index (GSLI). The country moved up by two points this year from 2015 on the index...

Ravi K requests DIFC help setting up Colombo Int’l Finance Centre

?Finance Minister Ravi Karunanayake recently held a special discussion with Dubai International Finance Centre (DIFC) Governor Essa Kazim to bolster financial relations between the two nations.  

Laugfs group unit Lfinity launches online retail store with delivery options

?Lfinity (Pvt.) Limited, a unit of Laugfs group, recently announced the launch of its highly anticipated virtual hyper mall, ‘clickNshop.lk’, providing a broad range of high-quality products together with some exciting discounts.

Will GSP Plus have same upshot it used to have on Lankan exports?

A leading economist recently cast doubts over the immediate or medium-term benefits regaining the coveted General System of Preferences (GSP) Plus from the European Union (EU) could bring in for the country’s export sectors.  

Rebound in oil prices not entirely negative for SL: StanChart

Standard Chartered Bank’s (StanChart) global research team sounded bullish on the currently volatile oil prices reaching US $ 70 per barrel towards the end of the year, a development, according to its analysts, would not entirely be negative to Sri Lanka.

Kandurata socks continue to occupy top slot in Lankan market

?Sri Lanka’s leading socks manufacturer and marketer Kandurata Umbrella Industries (Pvt.) Ltd is leading the way among all the Lankan manufacturers who contribute to the country’s economy.