Moody’s gives thumbs up for banks despite Budget snags

?International ratings agency Moody’s reaffirmed Sri Lanka’s banking sector with a stable outlook, due to continuous economic growth, healthy asset quality and profitability.

Overseas Realty adjudged ‘Leader’ of the sector

?Overseas Realty (Ceylon) PLC was adjudged “Leader” of the Land and Property Sector - 2014/2015 in the CIMA- LMD 100. The awards ceremony was held at the Cinnamon Grand on 1st December. LMD, in collaboration with CIMA, presented the CIMA-LMD 100 Awards for the financial year 2014/15.

Matchbox industry in trouble over gunpowder import restrictions

The matchbox factories in Sri Lanka are not operating due to national security concerns over importing gunpowder, as was revealed during the fifth Ease of Doing Business Forum held last week.

Brown & Company wins Silver at 51st Annual Report Awards

?Brown & Company PLC, was awarded the Silver prize at the 51st Annual Report Awards ceremony organised by The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). 

New Managing Director at Ports Authority

?Sarathkumara Premachandra has been appointed as the Managing Director of the Sri Lanka Ports Authority (SLPA). The official appointment was handed over to Premachandra by Ports and Shipping Minister Arjuna Ranatunga at a special meeting held at the SLPA recently.

Ceylinco Life assists hospital and school in Trincomalee

?Ceylinco Life has come to the assistance of the people of Trincomalee with two community initiatives in the spheres of healthcare and education.

Swadeshi Khomba illuminates Dambadeniya Viharaya for 14th consecutive year

?Swadeshi Industrial Works PLC has sponsored the “Aloka Poojawa” of the historic Dambadeniya Raja Maha Viharaya for the 14th consecutive year. 

Sampath Bank initiates new CSR trend with ‘Sampath Pasala’

‘Sampath Pasala’ is a long-term CSR effort where Sampath Bank will reach out to one selected underprivileged school of a rural setting in each province of Sri Lanka and develop it into a model school while equipping it with required infrastructure...

Esoft Metro Campus and Sirasa tv donate computer lab to Buththala school

?Esoft Metro Campus, which has launched the ‘E-Thilina’ community service oriented initiative in partnership with Sirasa television, donated a fully-fledged, computer laboratory with internet and other modern facilities to the Dutugemunu Primary School, Buththala recently. 

Students of low income families in A’pura and Batticaloa receive educational scholarships

?A total of 175 bright children who received a minimum 6 credits in one sitting with Maths and coming from Samurdhi families or families per person income below Rs. 5000 received scholarships from Berendina (berendina.org, jobsberendina.com or Give2SriLanka.com) recently. 

Lanka Hospitals pioneers in Blastocyst Culture pregnancy

?With over 830 successful deliveries and 142 ongoing pregnancies-the highest in Sri Lanka, Lanka Hospitals’ Fertility Centre announces the first pregnancy of Blastocyst Culture (Day 5) embryo transfer.

Osteopathy and Healingpathy make way into Sri Lanka

?The healing expert and practitioner, who has introduced internationally recognized treatments such as Osteopathy and Healingpathy, from countries such as England to Sri Lanka, is none other than Dr. Sagara Karunathilaka. 

Durdans advanced physiotherapy services brings relief to neck, back and knee pain

?Durdans Hospital, Sri Lanka’s first Joint Commission International (JCI) approved hospital has introduced an advanced physiotherapy unit conveniently located on the 1st floor of the Sixth Lane Wing at the hospital premises. 

Durdans Heart Center and top cardiologist bring minimally invasive heart surgeries

? Durdans Hospital accredited by the Joint Commission International for its outstanding care and facilities established its flagship facility the Durdans Heart Centre in 1999 with cardiac surgeries commencing in the year 2000.

Sri Lanka’s 2016 revenue, capital expenditure goals ambitious: IMF official

?REUTERS: Sri Lanka’s 2016 Budget raises questions about its ambitious revenue and capital expenditure targets as the government is falling far short of steps needed to improve the tax system, a top International Monetary Fund (IMF) official said yesterday.

Litro Gas sales up; completes terminal at Hambantota

?The national liquid petroleum gas(LPG) company has exhibited a significant sales growth of above 30 percent in the domestic market during the first 10 months of this year. This complements with the imposed price reductions by the government.

Sanjeev Gardiner appointed as Taprobane Holdings Chairman

?Sanjeev Gardiner was appointed as the Chairman of Taprobane Holdings PLC (TAP) with effect from December 4, 2015.

Shares end at more than 8-month low

?REUTERS:  Sri Lankan shares closed at their lowest in more than eight months yesterday on worries that the new Budget proposals would hit earnings of financial firms.

Crimson Creative Solutions bags Gold and two Silvers at Lanka Star Award 2015

Crimson Creative Solutions (Pvt) Ltd, a total solutions advertising service provider focused on delivering innovative work that enhances brand value and customer retention won a Gold and two Silver awards...

Shakthi Restaurant offers array of delectable menus and discounts

?In lieu of the forthcoming X’mas and New Year season, Shakthi Restaurant situated in the heart of Fort, is gearing up to cater a delectable array of dishes to its customers. 

Oviklo International recognized for logistics and transport sector performance again

The National Business Excellence Awards (NBEA) celebrated Sri Lanka’s best corporate in a gala ceremony held on the 24th of November at the Colombo Hilton.

How important is tourism for Sri Lanka’s development?

?Following is the keynote address by Srilal Miththapala, delivered at the Institute of Hospitality Sri Lanka Chapter’s 17th Annual Chairman’s Black Tie Dinner.

Pathfinder Foundation to launch Centre for Indo-Lanka Initiatives

?The Pathfinder Foundation (PF) will launch the ‘Centre for Indo-Lanka Initiatives’ today at the Purasarana Building, Colombo 12 at a ceremony officiated by Indian High Commissioner Yash Sinha and PF Founder Milinda Moragoda.

Pan Asia Bank relocates Katugastota branch

The fastest growing commercial bank, Pan Asia Banking Corporation PLC relocated its Katugasthota branch at its new location yesterday at No. 57, Kurunegala Road, Katugastota.   

PLC educates seizers on finer points

?People’s Leasing & Finance PLC (PLC) conducted the third edition of its awareness programme for registered seizers graced by PLC CEO/General Manager D.P. Kumarage. 

HDFC Bank credit camp promotes CBSL refinance schemes

The Matara branch of HDFC Bank under the guidance of the Southern regional office of the Central Bank of Sri Lanka (CBSL) organised a credit camp to offer loans to the beneficiaries under ‘Saubhagya’ and Commercial Scale Dairy Development Loan Scheme introduced by the CBSL. 

BOC becomes NBEA 2015 Overall Gold winner

Bank of Ceylon (BOC) was at the forefront at the 2015 National Business Excellence Awards (NBEA) with a massive victory- winning the Overall Gold award and becoming the winner in the categories of Banking sector, ...

Sarvodaya Development Finance launches auto finance department

?Sarvodaya Development Finance, a registered finance company of the Central Bank of Sri Lanka, under the Finance Business Act No.42 of 2011 has achieved another milestone by launching its auto finance department named SDF Auto Finance Department. 

ICMIF/AOA 5-5-5 Inclusive Mutual Insurance Symposium commences

?2015 is the first year of the ICMIF 5-5-5 Mutual Microinsurance Strategy, which aims to extend mutual insurance to five million low-income households over five years in five countries. The symposium will be held on December 7 and 8 at Taj Samudra Grand Crystal Ballroom.

Save 35% on Biz Class tickets on Oman Air through findmyfare.com bookings

?findmyfare.com, Sri Lanka’s largest online travel agency recently joined hands with Oman Air to offer a 35 percent discount on the airline’s Business Class tickets to all destinations in its network.