Spanish global family business expert impressed by Sri Lanka

?One of the most globally well-known family business consultants - Jose Manuel Zugaza -celebrated his 25th wedding anniversary with his wife and three children in Sri Lanka recently.

Qatar Airways begins New Year in Los Angeles

Qatar Airways rang in the New Year with a new daily, non-stop service between Los Angeles International Airport (LAX) and Hamad International Airport (DOH) in Doha, which started January 1.

Thomas Cook India completes Kuoni Travel buy

Having received clearance from the Competition Commission of India (CCI) earlier this week, Thomas Cook (India) Ltd, a travel and travel-related financial services company, along with its wholly-owned subsidiary...

Banking on scaled up climate investment

Year 2015 is a watershed year for the world’s future. Landmark events including the Sendai Framework for Disaster Risk Reduction in March, the 3rd International Conference Financing for Development in Addis Ababa in June...

From Millennium Development Goals to Sustainable Development Goals: Is Sri Lanka ready for the next

?The Sustainable Development Goals (SDGs), also known as the “Global Goals” came into effect this year.  The SDGs are built upon the achievements of the Millennium Development Goals (MDGs), the eight goals that the world committed to achieve, by the end of 2015.  

What might happen in China in 2016?

In debates about whether growth is a percentage point up or down, we too often lose sight of the absolute scale of China’s economy.

Qatar Airways chief meets PM, FM

Qatar Airways Group CEO Akbar Al Baker (left) with Prime Minister Ranil Wickremesinghe (middle) and Finance Minister Ravi Karunanayake at Temple Trees, Colombo.

Norwegian Foreign Minister to meet Lankan biz community at CCC

?Norwegian Foreign Minister Borge Brende, who will be in the country today, will hold a high-level discussion with the Sri Lankan business community and related stakeholders at the Ceylon Chamber of Commerce (CCC).

HNB Smart ATMs dispense over Rs.1bn in a single day during holiday season

?Hatton National Bank (HNB) has announced that its islandwide Smart ATM network, which includes over 465 multifunctional ATMs, has dispensed in excess of Rs.1 billion per day on two days during the festive period leading up to December 31, 2015.

‘Sri Lanka Economic Forum 2016’ kicks off today

?‘Sri Lanka Economic Forum 2016’, an initiative hosted by Prime Minister Ranil Wickremesinghe and attended by international figures such as George Soros, Joseph Stiglitz and Ricardo Hausmann, is to kick off today at Cinnamon Grand Colombo.  

The Fairway National Literary Award 2015: Trophy Unveiled

The trophy for the Fairway National Literary Award was unveiled recently at the Fairway Holdings office in Rajagiriya. The trophy, composed of granite, glass and wood

Leo Burnett recognizes Firzan Mulafer & Caryll Van Dort as Star Reachers of 2015

Leo Burnett Solutions Inc. (LBSI), the local office of the global advertising network Leo Burnett Worldwide, recently recognized Firzan Mulafer – Director, Client Services, Publicis Solutions,

Laugfs breaks ground for US $ 80mn LPG terminal

Laugfs Terminals Limited with China Huanqiu Contracting & Construction Corporation (HQC) recently broke ground for the 45, 000 metric tonnes Laugfs LPG import/export terminal at Hambantota Port, with an investment of over US $ 80 million allocated for the project.

Premier packaging exhibition ‘Lankapak-2016’ to be held in May

?To showcase state-of-the-art packaging, The Sri Lanka Institute of Packaging (SLIP) together exhibition organizer, CDC events and connected organisations have organized an all-encompassing exhibition in May 2016. 

New IMF Executive Director visits Sri Lanka for first time

?Dr. Subir Gorkan, Executive Director on the board of the International Monetary Fund representing India, Bangladesh, Bhutan and Sri Lanka met Finance Minister Ravi Karunanayake at the Finance Minister last evening (04).

MTI to evaluate Sri Lanka’s export strategy at chamber AGM

MTI Consulting CEO Hilmy Cader will be delivering the keynote at the Annual General Meeting (AGM) of the National Chambers of Exporters (NCE) on 14, at Galadari Hotel.

All entrepreneurs should be armed with latest business knowledge- FCCISL Chairman

?Small and medium scale entrepreneurs are the main shareholders of the national economy. As such they should be armed with new business knowledge to give of their best to strengthen the national economy. 

Major facelift for electricity sector in 2016

Sri Lanka’s electricity sector is gearing up to undergo a major facelift this year with the Public Utilities Commission of Sri Lanka (PUCSL) having put in place a comprehensive plan to address issues and turnaround performance.

LB Finance open doors to Kottawa

LB Finance recently opened its 104th branch (139th Gold Loan Centre) in Kottawa yesterday. 

DFCC Bank’s Jan 1st children’s savings drive ends successfully

DFCC bank conducted a successful New Year children’s savings drive. The Bank invited parents to open savings accounts for their children on New Year’s day 2016 and promised in return an additional Rs 1000 to the account. 

Seylan Bank commences work for year 2016

? Nihal Jayamanne PC – Chairman Seylan Bank PLC , Kapila Ariyaratne- Director/ Chief Executive Officer, Rear Admiral Ananda Peiris-Director, Viran Corea-Director with the Senior Management and the other officials also participated at the religious ceremonies.

Monaragala: Next hotspot for rubber?

?A Rs.2 billion UN-funded 5,000-acre rubber plantation project in Monaragala has just entered commercial production, the Colombo Rubber Traders Association (CRTA) said.

Sanken to open first US$ 50mn Maldivian resort next week

?Construction giant Sanken’s international arm, Sanken Overseas (Pvt) Ltd is planning to open its first US$ 50 million 120-room Maldivian Resort in the island of Havodda on January 14.

Sri Lanka mulls yen and renminbi bonds to strengthen reserves, for debt financing

The Central Bank of Sri Lanka (CB) may be opting for renminbi and yen denominated bonds to shore up foreign reserves and for debt financing needs of the country this year, CB Governor Arjuna Mahendran said.

CA Sri Lanka, IFAC and SAFA jointly empower Asia’s small and medium businesses

In a fresh effort aimed at empowering the Small and Medium practitioners and enterprises in the South Asian region, the Institute of Chartered Accountants of Sri Lanka together with the International Federation of Accountants (IFAC) and the South Asian Federation of Accountants (SAFA)

Lankaputhra to mark 10th anniversary with Entrepreneur Recognition Awards

Lankaputhra Development Bank (LDB) is making plans to conduct an award ceremony that recognizes the achievements of the bank’s entrepreneurs. 

ComBank on top in latest LMD 100 rankings

The Commercial Bank of Ceylon has topped the LMD 100 ranking of Sri Lanka’s leading listed companies in terms of Assets, taken second place overall on Profit After Tax (PAT) and fifth place overall on Turnover in the magazine’s just published rankings for 2014-15.

Sri Lanka and Pakistan ink bilateral agreements worth over US $ 700mn

Sri Lanka and Pakistan signed a number of memoranda of understanding valued over US$ 700 million yesterday during the launch of the Pakistan Single Country Exhibition, coinciding with the state visit of Pakistan Prime Minister Nawaz Sharif.

Pan Asia Bank shines at NBEA with two coveted awards

Pan Asia Bank was recognized with two coveted  awards at the recently held National Business Excellence Awards (NBEA) 2016 organized by the National Chamber of Commerce, becoming the only mid-size commercial bank to receive multiple awards in the ceremony.

Multilac rewards top performing dealers with Turkey tour

?Multilac demonstrated its commitment to its dealer community by taking its top performing dealers on an all-expenses paid holiday to Turkey, in line with its mission to achieve success through the triple bottom line – people, planet and profit.