BOC to offer 2000 Ran Kekulu scholarships

Sri Lanka’s No.1 children’s savings account Bank of Ceylon (BOC) Ran Kekulu offers 2000 scholarships each worth of Rs.10,000 for 2015 grade five scholarship achievers for the 14th time. 

Sri Lanka Junior Open Golf Championship 2015

15 year old Januka Dilshan played brilliant golf in tough conditions to take the coveted national title at the Sri Lanka Junior Open Golf Championship 2015, concluded at the Royal Colombo Golf Club.

Fed raises rate for first time in nearly a decade

AFP: The Federal Reserve announced Wednesday its first interest rate increase in more than nine years in a landmark move signaling the US has finally moved beyond the 2008 crisis.

Weary plantations urge trade unions to be reasonable

Planters Association of Ceylon (PA) which represents Regional Plantation Companies (RPCs) urged the trade unions yesterday for a reasonable approach to the ongoing plantation sector daily wage negotiations

Vehicle registration drive continues into November on pre-budget factors

Vehicle registration momentum continued into the month of November largely due to an expected surge prior to a budget announcement and the relaxation of Loan to Value (LTV) rule, a report compiled by equity brokerage JB Securities said.

Govt. yet to figure out ideal tax formula on imported vehicles

Although a greater effort has been made by the authorities to expand tax collection to avoid a debt default in the medium term, the head of a Colombo-based research house/equity brokerage said governments are yet to perfect the formula of optimally taxing imported vehicles.

Sri Lanka to sign MoU with Turkey’s Exim Bank for US $ 350 mn credit facility

Sri Lanka is to sign a Memorandum of Understanding (MoU) with Turkey’s Export-Import (Exim) Bank for a US $ 350 mn credit facility. The Cabinet has given its approval to Finance Minister Ravi Karunanayake to proceed with it.

ADB provides US$ 200 mn loan for integrated road development programme

Asian Development Bank (ADB) and the Government of Sri Lanka singed two loan agreements for the implementation of the Integrated Road Investment Program which was designed to ensure rural road connectivity between selected rural hubs and the adjacent economic centers of Sri Lanka.

Singapore Airlines to add 6th daily Bangkok flight

Singapore Airlines will add a sixth daily flight to Bangkok in March, up from five daily flights. As part of the Northern Summer schedule (March 27, 2016 – October 29, 2016), there will also be an increase in frequency to Colombo in Sri Lanka and Milan in Italy.

Emirates to deploy A380 on more routes in 2016

Emirates has announced it will deploy its highly-popular A380 to even more destinations across its network in 2016 – reinforcing its commitment to provide an enhanced onboard experience for its passengers.

Malindo Air starts direct flights to Colombo today

Malindo Air, a full-service carrier with main hubs at Kuala Lumpur International Airport 2 (KLIA2), will start direct flights to Colombo from today.

Remco Althuis appointed as Etihad Vice President Europe

?Etihad Airways, the national airline of the UAE, has appointed Remco Althuis to the position of Vice President - Europe.

George Steuart Travels wins Gold for third consecutive year

?George Steuart Travels was recognized with a Gold award for the ‘Best Passenger Sales’ at the Annual Passenger Sales Award Ceremony that was held in Colombo recently.

Qatar Airways launches new Doha-Durban route

?Qatar Airways launched new services between Doha and Durban yesterday, offering passengers the opportunity to experience another idyllic subtropical destination.

Turning lessons of life into a thriving business

There are many things in life that shape us as we go along – some are lessons that will have a long-lasting impact on us and some will change us for always and others will give us insights into many aspects.

Upfront incentives: Carrot for migrants and cash for others

Incentive payments to attract low-skilled migrants are rare. But in the case of Sri Lankan female domestic workers, employers of several Middle Eastern (ME) countries such as Saudi Arabia (SA),...

The growing importance of Environmental Social and Governance (ESG) for businesses

Following is the speech delivered by Standard Chartered Global Head of Sustainability Mark Devadason at the Ceylon Chamber of Commerce Corporate Citizen Awards Annual Dinner in Colombo recently. 

Access Engineering shines at Business Today Top 25 & CIMA LMD 100 awards

?Access Engineering PLC was recognized at Business Today’s ‘Top 25’ for being one of the Best corporates in the list of the Top 25 Companies in Sri Lanka and at the CIMA-LMD 100 Awards with the Construction and Engineering Sector Award. 

Johnson’s baby cologne now in 3 familiar fragrances

For over 125 years, globally trusted and the most loved baby care expert, Johnson’s pave the way in the baby care category by re-launching its baby cologne range with the familiar fragrance and with the promise of triple baby protection for being safe, mild and effective.

Abstract unveils “Feel the rhythm” festive collection and launches new website

?Abstract, Sri Lanka’s one-stop destination for the latest in stylish and trendy fashion officially unveiled their new collection “Feel the Rhythm” featuring a plethora of festive clothing and accessories to celebrate the holidays in style. 

Suren Cooke Agencies conducts training program on use of Pulsfog fogging machines

?Suren Cooke Agencies conducted a full-day training programme on the use of hand held and vehicle mounted fogging machines to the National Dengue Control Unit. 

TURRET celebrates range of top global brands at Christmas Atelier

The weekend of December 05th & 06th saw TURRET present its glamorous range of luxury products at the launch of the first-ever Quintessentially Lifestyle Christmas Atelier in Sri Lanka where the most exclusive...

Fouzul Hameed successfully presents exclusive ‘Envoy Concept 2016’ show for the 3rd consecutive time

?‘Envoy Concept 2016’ by Envoy, which took place for a successful 3rd consecutive time on 15th  December  2015 at the Envoy Mansion, received glowing reviews from its distinguished audience and the fashion trade pundits alike.

Pegasus Reef Hotel to host annual ‘Singing Christmas Tree 2015’

Pegasus Reef Beach Hotel in Hendala Wattala is geared for the Christmas holiday with an array magical lifestyle experiences to help patrons celebrate the season in style by embracing the Christmas spirit.

‘Tourism Fest’ to expose Sri Lanka as a festive destination

With the aim of bringing Sri Lanka into the light as a destination for festivities and to portray  Sri Lankan food, culture, gems, handicrafts, tea, shopping and entertainment at one venue...

Ensuring the rights of our children: What more can we do?

On December 14, 1954, the United Nations General Assembly recommended that all countries institute a Universal Children’s Day, to be observed as a day of worldwide fraternity and understanding between children. 

Is a weak government good for people?

The recent political events have left a large proportion of the population confused as to where Sri Lanka is heading. But if the situation is observed more closely, one can construe that with smart thinking, the people can indeed use the scenario to their advantage.

NDB opens 92nd branch in Akkaraipattu

?National Development Bank PLC (NDB) opened its latest branch in Akkaraipattu in a bid to support the economic and livelihood development in the area. strategy. 

LB Finance gets A-(lka) with stable outlook from Fitch

?Fitch Ratings has assigned LB Finance PLC a national long-term rating at ‘A-(lka)’ with a stable outlook. According to Fitch the rating reflects its established franchise among licensed finance companies, and sustained sound profitability.  

Best Western Elyon Colombo launches seasonal promotions

?The Best Western Elyon Colombo recently announced the launch of its seasonal promotions with special emphasis on providing high-quality, affordable experiences for the entire family.