Significance of the International Civil Aviation Day

?Walking, swimming and flying are the means of movement available to living beings in this world. By instinct the human being has been gifted with the ability to walk and swim with no support of an external apparatus. Nature has however not given such power to humankind when it comes to flying. 

IMF says looking at options for Sri Lanka, no formal request

REUTERS: Sri Lanka has not made a formal request for International Monetary Fund (IMF) help but the fund’s staff are looking at ways to help the island nation, an IMF spokesman said recently. 

Top conglomerates eye Lanka Hospital stake to expand healthcare business

Two of Sri Lanka’s leading diversified conglomerates have shown interest in acquiring shares of state-controlled Lanka Hospitals Corporations PLC (PLC), which will be up for sale in the near future.

Sri Lanka to launch fresh bid round for oil and gas blocks

Sri Lanka will begin a fresh international bidding process for the development of offshore oil and gas blocks in the Mannar Basin from the first quarter of 2016, a top government official told Mirror Business.

Sampath Bank honoured with prestigious ‘The Banker Award’

?The London based Financial Times honoured Sampath Bank with the prestigious ‘The Banker Award’ for the fourth time in recognition of the Bank’s steady performance during the past year amidst challenging circumstances. 

Pan Asia Bank and LOLC Insurance to offer bancassurance

Pan Asia Bank recently signed an MOU with LOLC Insurance Co. to offer its customers the option to fulfill their insurance requirements at Pan Asia Bank Branches. 

Commercial Leasing & Finance enters world of Alternate Finance

Commercial Leasing & Finance PLC takes yet another revolutionary step towards delivering the best of innovative financial solutions.

Citi honoured at World’s Best Digital Bank Awards

?Citi has again been recognized as the Best Overall Global Digital Bank for 2015 by Global Finance magazine. 

Commercial Credit’s debenture issue oversubscribed on opening day

?Commercial Credit and Finance PLC’s issue of up to 20 million rated, guaranteed, subordinated, redeemable five-year debentures at a par value of Rs. 100 each was oversubscribed soon after subscriptions were opened on 3rd of December. 

Steradian announces plan for Rs.2.5 bn apartment complex for young professionals

Steradian Capital, a privately owned, real estate development and consultancy business, announced its plans for an apartment complex named ‘MulberryResidence’, at an event held in Colombo recently.

DIMO crowned for Annual Report Excellence

Diesel and Motor Engineering (DIMO) PLC swept the boards at the CA Sri Lanka Annual Report Awards 2015, winning the overall Gold Award for the best annual report in the competition,...

Singer among Sri Lanka’s Most Responsible Corporate Citizens

Sri Lanka’s CSR activities were recognized recently as it picked up a slew of prestigious accolades at the Best Corporate Citizen Awards Ceremony organized by the Ceylon Chamber of Commerce. 

CCI engages global and local Asbestos experts to educate industry stakeholders

?The Chamber of Construction Industry Sri Lanka (CCI), the apex body which represents all the construction industry stakeholders in Sri Lanka held a special seminar on “Facts about the use of asbestos – Chrysotile Cement Roofing” on the 1st of December at the Taj Samudra Hotel. 

Valcena Paris introduces Damscena Rose to Sri Lanka

Taking the center stage this festive season in the local cosmetics industry is an all fresh and innovative skincare product range from the fashion capital of the world, called Valcena Paris. 

Exclusive CROSS store opens at Liberty Plaza today

The internatonally reputed CROSS brand – leader in writing instruments and lifestyle accessories, opens its exclusive new CROSS store at Liberty Plaza today.

Total Employee Experience – The new synonym for employee engagement

Since its inception, employee engagement is seen as a local (read team level) phenomenon and is believed to be largely driven by the ‘work group level’ dynamics.

Sony launches MDR range of headphones for personal entertainment

?Sony launched MDR – Music Deserves Respect, its range of headphones for personal entertainment, in collaboration with Siedles (Pvt) Ltd & Singer Sri Lanka PLC on the 6th of November at Park Street Mews, Colombo. 

Colombo Crimes Division raids computer dealers; seizes pirated software

?Computers dealers at Unity Plaza, Bambalapitiya were caught by enforcement officers from the Colombo Crimes Division (CCD) for selling notebook computers (or PCs) installed with suspected pirated software to innocent and unsuspecting consumers. 

Four-pronged drive to fight counterfeiting

In a bid to fight illegal trafficking of counterfeit goods, leading law enforcement agencies have established a joint force with AmCham Sri Lanka (American Chamber of Commerce) to launch a propaganda campaign called “Stay safe from fakes”. 

Quality check on tea exports

Plantation Industries Minister Naveen Dissanayake paid a visit to the Trico Container yard at the Grandpass Harbour entrance in Colombo recently.  The minister inspected the facility installed at the yard to check the standard of the tea being exported from Sri Lanka.  The facility was launched with the assistance of the

EU, Internet giants join forces to fight online extremism

AFP - The European Union on Thursday launched a forum bringing together Internet firms like Google, Facebook and Twitter as well as law enforcement agencies to combat online extremism.

​World’s first washable smartphone to debut in Japan

AFP - Tired of those unsightly smudges and other dirt on your bacteria-laden smartphone? A Japanese firm says it has the solution with what it describes the world’s first smartphone that can be washed with soap and water. Waterproof smartphones 

Asia stocks sink with US, Europe but euro holds gains

AFP - Asian markets tumbled yesterday, in line with a global sell-off, while the euro held most of its earlier gains after the European Central Bank’s revised economic stimulus measures came up short.

French poultry exports hit by bird flu: ministry

AFP - A string of countries in Asia and North Africa have banned imports of French poultry following a bird flu outbreak, the agriculture ministry said Thursday in Paris.

Oil prices up as divided OPEC meets

AFP - Oil prices rose in Asia yesterday as traders hedged their bets ahead of a meeting of the OPEC cartel whose members are divided on whether to slash production in an oversupplied global market.

Rupee edges down, trades near record low

REUTERS - The Sri Lankan rupee was slightly down yesterday, hovering near a record low in dull trade as importer dollar demand surpassed inward remittances, dealers said.

Change of mindset needed for security industry to grow: SLASSPA President

The 11th Annual General Meeting (AGM) of the Sri Lanka Security Service Provider Association (SLASSPA), under the theme ‘Thinking Beyond Borders’ was held recently at Taj Samudra, Colombo under the distinguished patronage of Defence Ministry Secretary Eng. Karunasena Hettiarachchi.

SLRA team meets with Standards Institution CEO

A team from the Sri Lanka Retailers’ Association (SLRA) including Nishan Silva, Director-Nedron Consolidated, Hussain Sadique, Deputy MD-Hameedia and Lead convener of SLRA and Dinesh Perera, Deputy Director-Abans PLC recently met with Dr. Lalith Senaweera, Director General/CEO of the Sri Lanka 

Aitken Spence hosts WACO International Conference in Colombo

Aitken Spence Cargo hosted the 83rdGeneral meeting of WACO, the world‘s foremost independent global freight management & logistics networkrecently, for the first time in Sri Lanka.

Ranala Junior School visits American water factory

American Premium Water Systems (Pvt) Ltd, the pioneer in introducing 5 gallon bottles and hot & cold dispensers to Sri Lankan market is conducting factory visits for school children from all over the island.