Central Bank rejects all bids at bond auction

?Central Bank yesterday rejected all bids at the treasury bond auctions, the Public Debt Department said. The auction received bids amounting to Rs.12.4 billion for Rs.5 billion worth of 12 years and 08 months bonds offered with a coupon rate of 11.50 percent. 

Sri Lanka to sign ETCA framework agreement with India by February

?Sri Lanka expects to sign the framework agreement for the broader Economic and Technology Cooperation Agreement (ETCA) with India by February 2016 and ETCA by mid 2016, a press statement by the Development Strategies and International Trade Ministry said.

‘Trail’ to resume next year to build Southern cancer hospital

Trail, Sri Lanka’s largest ever crowd- funded charitable initiative that saw the raising of US$ 2.2 milllion in 2011 for the construction of the nation’s 2nd specialized cancer hospital in Jaffna...

CommBank unveils new initiative to sharpen students’ math & analytical skills

?A ground-breaking new initiative to stimulate and develop the mathematical and analytical skills of school children in Sri Lanka has been launched by the Commercial Bank of Ceylon as a project aligned with the Bank’s education-centric corporate social responsibility agenda.

Fashion Bug offers scholar-ships to needy students

Fashion Bug, one of Sri Lanka’s leading retail clothing chain with over 16 outlets island-wide recently awarded scholarships to young talented students who were among the winners of this year’s Roo Siththam,

DHL report unveils latest study on ‘fair and responsible logistics’

DHL, the world’s leading logistics company, has issued a new study titled ’Fair and Responsible Logistics’, reporting on a trend that is transforming the way businesses operate by ensuring profits grow hand in hand with sustainability...

Nimex makes presence felt in disposable tissue products market

The usage of disposable tissues as opposed to cloth napkins, towels and handkerchiefs has increased in recent times in Sri Lanka.

Norfolk Foods presents specialty range

?In celebration of this year’s festivities, Norfolk Foods introduced a delicious trio of products, namely Spring Rolls, Fish Goujons and Chicken Lasagna. In addition, the Company also offers seasonal discounts on a range of delicacies. 

Breeze into 2016 with Anantaya – Chilaw

?Anantaya Resorts and Spa, Laugfs Leisure Limiterds island getaway nestled along Chilaw’s pristine coast, is set to take its guests on an unforgettable culinary journey this New Year’s Eve with a spectacular range of mouth-watering dishes.

Maliban adopts SAP ERP platform to streamline biz processes

Sri Lanka’s pioneering biscuit manufacturer, Maliban Biscuit Manufactories has implemented a state-of-the-art Enterprise Resource Planning (ERP) platform to streamline their business processes and thereby maximize efficiency. 

Sampath Bank offers 15% discount to cardholders at World Duty Free

?Sampath Bank, renowned across the nation for its wide array of partners is once again announcing its partnership with Sri Lanka’s leading Duty Free retailer,..

Cosmic Technologies wins BID International Quality Crown Award

?Cosmic Technologies Private Limited won the BID International Quality Crown Award in London recently. 

Virtusa wins Bronze Flame at Energy Efficiency Awards 2015

Virtusa Corporation, a global business consulting and IT outsourcing company that combines innovation, technology leadership and industry solutions to transform the customer experience...

Qatar Airways celebrates new service between Doha and Durban

?Two days of celebrations marked the launch of Qatar Airways’ new four-times-weekly service between Doha and Durban last week in the South African beachfront city.

CPN to jump start the Year of Monkey at Thailand Countdown 2016 extravaganza

?Central Pattana PLC, together with Bangkok Metropolitan Administration, Tourism Authority of Thailand, Royal Thai Police, Advanced Info Service PLC, Chang International Co. Ltd.

dnata receives seventh certification for IATA’s Safety Audit of Ground Operations

?Another milestone in dnata’s continual focus on safety and security has been achieved with the air services provider’s Sydney headquarters and station receiving registration for IATA’s Safety Audit of Ground Operations (ISAGO) in December. 

COP21 – Preventing a ‘Cop out’?

On the 12th of December, 195 countries achieved what many regarded as the impossible by agreeing on a framework to tackle climate change. 

Global Competitiveness and Sri Lanka

The Global Competitiveness Report compiled by the World Economic Forum as an annual analysis of economies around the globe, paying attention on key factors and their inter-relations of each country’s economic growth and present &future prosperity.  

NDB e-Statement guarantees highest security

?NDB being in the forefront in dynamically taking sustainable initiatives has now introduced a revolutionary e- Statement which is fully integrated with a complete review of the finances and it allows account holders to easily manage their savings. 

CA Sri Lanka to conduct leadership programme for top finance professionals in March

?The Business School of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), together with the internationally renowned Euromoney Training will conduct a proactive financial leadership programme exclusively for the country’s high profile finance professionals in March 2016. 

Amãna Bank rewards debit card holders

Amãna Bank, Sri Lanka’s premier non-interest based licensed commercial bank, has commenced a promotion to reward its debit card holders by wiping out their bills up to Rs. 5,000 daily. 

Fashion Bug offers scholarships to needy students

Fashion Bug, one of Sri Lanka’s leading retail clothing chain with over 16 outlets island-wide recently awarded scholarships to young talented students who were among the winners of this year’s Roo Siththam,

Rupee hits record low on late importer dollar demand

?REUTERS: The Sri Lankan rupee fell to an all-time low yesterday as late importer dollar demand weighed on the local currency, currency dealers said.

Sanasa Bank’s debentures draw applications over Rs.2bn

?Micro finance lender Sanasa Development Bank PLC yesterday said it received applications for over Rs.2 billion for its listed debenture issue which officially opened yesterday.

Da Bindu Muthu 2015

A trade fair showcasing the entrepreneurship of Samurdhi recipients in the Matara district under the title ‘Da Bindu Muthu 2015’ commenced at Uyanwatte Stadium yesterday.

DMS Software pushes expanded Oracle offerings with focus on cloud solutions

?With their vision to evolve, transform and empower, DMS Software Technologies, recently hosted an event titled “What’s Next – DMS Software Technologies 2.0 “in collaboration with Oracle Corporation.

Predictions for the manufacturing sector

The use of smart machines in manufacturing is growing rapidly; by 2018, 50 percent of the fastest growing companies in the world will have fewer employees than smart machines, according to Gartner. 

Sophos cyber security predictions for 2016

?Sophos, a global leader in network and endpoint security technology has released its global cybersecurity predictions for 2016, which discusses the nature of evolving threats vis-à-vis rising complexity in securing the cyber space. 

Sri Lanka wins two coveted Gold and five Merit awards at APICTA

?Sri Lanka clinched two coveted Gold and five Merit awards at the recently concluded Asia Pacific ICT Awards (APICTA)-2015 in Colombo, the Federation of Information Technology Industry Sri Lanka (FITIS) and BCS the Chartered Institute for IT Sri Lanka (BCSSL) announced. 

Bi-lateral FTA with USA makes no sense: Prof. Sally

?Bilateral Free Trade Agreement (FTA) with the United States of America (USA) does not make sense when Sri Lanka could aim for a much broader Trans-Pacific Partnership (TPP) ...