DSI introduces ‘Inc.5’ to local market

?DSI starts the New Year with a bang by introducing yet another new brand to the footwear market of Sri Lanka. 

Seylan connects migrant employees and their loved ones

Inward remittances have steadfastly been the premier foreign exchange earner of Sri Lankan economy. With a large expatriate workforce employed in countries such as Saudi Arabia

SLID promotes director development

Disagreements in the boardroom are unavoidable. Especially when the board has independent-minded, skilled and outspoken directors, each contributing expertise and talent that is relevant for the future of the company.

Aditya Resort marks ten years with four TripAdvisor Travelers Choice Awards

?Aditya, a boutique hotel renowned for its focus on the delivery of luxury and commitment to exacting quality was recently honored with 4 TripAdvisor travelers choice awards for 2015.  

Wings of Oman receives ‘Best In-flight Magazine’ award

?Wings of Oman magazine, the in-flight magazine of the Sultanate of Oman’s national carrier, Oman Air, was recently awarded the ‘Best In-House Magazine – In-Flight’ at the prestigious World Marketing Congress’s Global Marketing Excellence awards in Mumbai, India.

Pakistan Single Country Exhibition showcases best in manufacturing

Pakistan Commerce Minister? Khurram Dastgir Khan, Development Strategies and International Trade Minister Malik Samarawickrama and Industry and Commerce Minister Rishad Bathiudeen...

Etihad Airways delivers another year of strong growth in 2015

?Etihad Airways, the national airline of the United Arab Emirates, delivered solid operational performance in 2015 by achieving continued growth in passenger and cargo volumes. 

British Airways to hire 2,000 pilots, cabin crew this year

?AFP - British Airways announced Friday it would recruit nearly 2,000 pilots and cabin crew in 2016, its largest ever intake in a single year.

Kuoni India brand to be abandoned

?Fairfax Financial Holdings, which owns Thomas Cook India, will discontinue the Kuoni brand name in India in the coming months.

Emirates to launch daily service to Philippines’ Cebu and Clark

?Emirates will launch a daily circular service from Dubai to Cebu (CEB) and Clark (CRK) in the Philippines, starting March 30. Utilising a Boeing 777-300ER aircraft...

FinMin calls banks to support local companies going international

Sri Lankan banks should extend financial assistance to local companies setting up operations in foreign countries, Finance Minister Ravi Karunanayake said during the launch of Sri Lanka’s Sanken group’s Amari Havodda resort in the Maldives.

Master plan, proposed Secretariat will rescue crisis-hit rubber industry: Minister

The Rubber Master Plan to be initiated in March and the proposed Rubber Secretariat would not only salvage the industry which is currently facing many obstacles but would also make it prosperous, Plantation Industries Minister Navin Dissanayake noted.

Exim bank cannot be rushed : Eran

?Despite the Budget 2016 proposing to set up an Export-import bank (Exim) as early as April 01, 2016, the Deputy Minister for State Enterprise Development, Eran Wickramaratne said Sri Lanka could not afford to rush in establishing such an institution, which demanded massive capital requirement. 

SL–Pak eye US $ 1bn annual trade turnover by 2019

?In a bid to further strengthen economic ties, Sri Lanka and Pakistan are in the midst of paving the way to boost the annual trade turnover and aim to reach an ambitious target of US $ 1 billion by 2019.

Sampur coal power plant on track; prolonged land issues cleared

The second coal-power plant in Sampur, which will add 500 megawatts to the national grid is on track as India’s National Thermal Power Corporation (NTPC) is currently working with Sri Lanka’s Ceylon Electricity Board (CEB) on the project, an Indian envoy in Sri Lanka said.  

What happens if China’s economy has a hard landing?

The sudden, sharp fall of Chinese stock prices twice in 2015 and again this month does not necessarily herald a further slowdown of gross domestic product (GDP) growth.

CCC to host ‘International Investor Forum’ in Colombo in March

?The Ceylon Chamber of Commerce, the country’s premier business Chamber is planning to hold an International Investor Forum during March 2016, in order to help the country attract much needed Foreign Direct Investments to drive growth.

US$ 20 mn WFP grant to tackle food security issues

Sri Lanka will be receiving a US$ 20 million grant from the United Nations World Food Programme (WFP) to address the country’s food security issues.

Reconciliation is the bedrock of Sri Lanka’s future economic success: UK minister

?Following is the speech made by the UK Foreign Office Minister for Asia Hugo Swire at the event organised by the Council of British Businesses in Colombo  last week. 

Will the world economy tank in 2016?

?In the first two weeks of the year, unlike in the past few years, we saw foreign-exchange volatility jump to the most in a month as Chinese stock markets plunged and tensions escalated in the Middle East.

Prima Kottumee launches crowd sourced e-calendar 2016

Prima Kottumee took their annual Model Hunt event to a new level this year with the entire search being conducted through social media for the brand’s crowd sourced, e-calendar

DSI introduces ANTA in Sri Lanka

?China’s leading sportswear brand is now in Sri Lanka courtesy of DSI. ANTA Sports Products Limited is a professional sportswear company headquartered in China since 1994 and is involved in the innovation

DSI introduces Inc.5 to Sri Lanka

?DSI starts the New Year with a bang by introducing yet another new brand to the footwear market of Sri Lanka. 

Fashion Bug sponsors Dammika Kithulgoda scholarship foundation

Fashion Bug, one of Sri Lanka’s leading retail clothing chain with over 16 outlets island-widesponsored an event organized by the ‘Parliament 

Wings of Oman receives ‘Best In-flight Magazine’ award at World Marketing Congress

Wings of Oman magazine, the in-flight magazine of the Sultanate of Oman’s national carrier, Oman Air, was recently awarded the ‘Best In-House Magazine – In-Flight’ at the

BOC marks President’s first year anniversary

?Bank of Ceylon conducted a tree planting campaign with the patronage of BOC Chairman, President’s Counsel Ronald C Perera and General Manager D. M. Gunasekara to commemorate President Maithripala Sirisena’s 1st year in office. 

Neminda Karunaratne appointed Singer (Sri Lanka) HR Director

?Singer (Sri Lanka) PLC has announced the appointment of Neminda Karunaratne as Director, Human Resources, effective January 1, 2016 following the retirement of Chitral Perera. 

World’s largest container carrier Maersk mulls Lankan entry

The world’s largest container carrier Maersk Line is looking to invest in a container facility in Sri Lanka, Danish Ambassador for Sri Lanka Taksøe-Jensen said during a meeting with Industry and Commerce Minister Rishad Bathiudeen. 

Customs aims to reach Rs.1tn revenue with ‘Single Window’ system

Sri Lanka Customs yesterday said it aimed to reach an ambitious revenue target of Rs.1 trillion for this year having launched the Single Window system earlier this month.

Fitch rates ComBank’s subordinated debentures final ‘AA-(lka)’

?Fitch Ratings Lanka has assigned Commercial Bank of Ceylon PLC’s (AA(lka)/Stable) proposed Basel II-compliant subordinated debentures of up to Rs.7 billion a final national long-term rating of ‘AA-(lka)’.