New gifts for new year from ‘Seylan Tikiri’

“The first month of the academic year is always exciting for children where they expect new books, uniforms and most importantly attractive stationery. 

Pan Asia Bank launches ‘Blue Chip Money Market Savings’ product for corporates

?Sri Lanka’s fastest growing commercial bank, Pan Asia Banking Corporation PLC, recently launched its newest savings account designed for the corporate clientele to park their excess funds while enjoying one of the highest interest rates on offer in the market.    

Global sovereign rating downgrades likely to outpace upgrades in 2016: report

?Sovereign downgrades are likely to outpace upgrades in 2016, says Standard & Poor’s Ratings Services in the report: ‘Global Sovereign Rating Trends 2016’.

MAS Intimates, Polycrome join hands with CMA in Training Partner Agreements

?Two more prominent commercial organisations have joined hands with Certified Management Accountants (CMA) Sri Lanka in its efforts to produce management accountants who are skilled and well-trained in their valued profession. 

Sampath Bank adds 2 new ATMs to network

Sampath Bank opened two off-site ATMs at No: 334/C, Kurusa Junction, Pamunugama, Alubomulla and Bambalapitiya Housing Scheme, Galle Road, Colombo 4.

Time to restructure Sri Lanka’s cricket ecosystem: MTI

?With the newly-elected committee assuming duties at Sri Lanka Cricket (SLC) and given the challenges the game has encountered in recent years (both on and off the field), the time is now to revisit and restructure the entire ecosystem of the game.

What will 2016 hold in store for working women?

Another year has dawned – one that undoubtedly is filled with hope and aspirations - aspirations of better career moves, bigger pay and outstanding opportunities.

French double boost for Sri Lanka tourism

?Tourism in Sri Lanka received a double boost when a delegation representing the two biggest travel associations in France confirmed that both their annual conventions will be held in Sri Lanka later this year. 

Dr. Wimal Karandagoda appointed as Durdans Hospital COO, Director Medical Services

?The first Joint Commission International-accredited hospital in Sri Lanka - Durdans Hospital - recently appointed veteran medical administrator Dr. Wimal Karandagoda as its Chief Operations Officer (COO) and Director Medical Services. 

Malith Mendis new Dispute Resolution Board Foundation Country Representative

?Chartered Engineer Malith Mendis has been appointed as the Country Representative of the Dispute Resolution Board Foundation (DRBF). 

Colombo Land appoints Vasula Premawardhana as CEO

?Colombo Land and Development Company PLC (CLDC), a leading real estate development company in Sri Lanka, announced the appointment of Vasula Premawardhana as the Chief Executive Officer (CEO) of CLDC with effect from January 1, 2016.

Price control – A bad economic policy

It is with the recent imposition of price controls over essential food commodities such as white sugar, wheat flour, canned fish, big onion and recently hoppers that some economic issues have emerged in the market.

Hoover - A stylishly efficient brand by Abans

Abans shelters Hoover, a well-renowned brand globally for designing powerful, easy-to-use products that clean your entire home from floor to ceiling, thus, popularly known as an all-rounder in the department of cleanliness

‘Sri Lanka Next’ campaign propels country towards sustainable era

?‘Sri Lanka Next’, a landmark campaign to take Sri Lanka towards the blue-green era, was formally initiated on January 6, 2016 under the aegis of President Maithripala Sirisena at the Bandaranayake Memorial International Conference Hall (BMICH). 

SewEasy-VITAS partnership to optimize value for wages in apparel

?Sri Lanka’s Honorary Consul in Ho Chi Minh City, Vietnam, Kevin Perera facilitated establishing a partnership between the leading apparel software exporter SewEasy and the Vietnam Textile and Apparel Association (VITAS). 

Buddhi Industries shines at Presidential Exports Excellence Awards

Buddhi Industries Private Limited excelled at the recently held Presidential Export Excellence Awards at the Nelum Pokuna Theatre. The award ceremony was organised by the Export Development Board (EDB). 

Hirdaramani’s H - Connect celebrates 3 years of success

Hirdaramani’s H - Connect recently celebrated its third year of operations as a rapidly growing finance and accounting outsourcing company based in Sri Lanka. 

Hirdaramani’s H - Connect celebrates 3 years of success

Hirdaramani’s H - Connect recently celebrated its 3rd year of operations as a rapidly growing Finance and Accounting Outsourcing company based in Sri Lanka. 

Two leaves and a bud, no more!

Industry representatives yesterday expressed fears over the Ceylon tea cup losing its appeal in the global market with increasing amounts of low-quality leaves continuing to enter the manufacturing process, hampering the standard of the end product.

Major Win for Oman Air North India Travel Awards

?Oman Air’s outstanding products and services have been acknowledged at the North India Travel Awards. At a glittering ceremony held on 8th December at the Hotel Crowne Plaza, Jaipur,

Holcim Lanka powers animal rescue for 7th consecutive year with IUCN

?Holcim (Lanka) Ltd, a leading green cement manufacturer in Sri Lanka continued their renowned and popular animal rescue programme for a 7th consecutive year, in partnership with the International Union of the Conservation of Nature (IUCN) at the Puttalam quarry site.

Sampath Bank extends eco-friendly initiatives to wider community

?Sampath Bank has sustained its efforts in spearheading earth-friendly initiatives keeping in line with one of its main CSR operation pillars – Environment Protection and Conservation. 

Kanrich Finance donates traffic signboards to Badulla Traffic Police

Kanrich Finance Limited donated traffic signboards, to the Traffic Police, Badulla Division recently. This community service was performed, under the leadership and guidance of Shiran Weerasinghe, CEO Kanrich Finance Limited and the members of the higher Management. 

Brandix adopts Nivithigala as second model village

?Sri Lanka’s single largest apparel exporter has donated water supply and toilet facilities to five schools, two Sunday schools and a hospital in the Nivithigala area under the second project carried out under this initiative, benefitting more than 4,700 children and adults.

Rupee edges up on bank dollar sales

?REUTERS: The Sri Lankan rupee edged up yesterday as dollar sales by a private bank offset demand for the greenback from importers, dealers said.

Indian Hotels transfers Tal Lanka shares to subsidiary

?Indian Hotels Company Ltd (IHCL) yesterday sold its total shareholding in Tal Lanka Hotels PLC, the owning company of Taj Samudra Hotel in Colombo, for Rs.850 million.

New life insurer to open shop; US-based PE firm among promoters

?The Sri Lankan insurance industry will soon see the entry of a long-term (life) insurer backed by one of the largest US-based emerging market private equity (PE) investors among its promoters. 

Mercmarine conducts programmes for IAAC cabin crew trainees

?Leading maritime education provider, Mercmarine Training (MSTI) has successfully conducted a series of training programmes for the Airline Cabin Crew Diploma conducted by the International Airline & Aviation College (IAAC).

Orient Finance to re-enter bourse with Rs.1bn IPO

?Janashakthi group subsidiary Orient Finance will be relisting on the Colombo Stock Exchange by way of a Rs.1.07 billion Initial Public Offering (IPO) later this month.

HNB Grameen soon to be listed on CSE: official

?Hatton National Bank PLC (HNB) subsidiary HNB Grameen will be listing on the Colombo Stock Exchange (CSE), a top official of the group said yesterday.