Dress sharp this Christmas and New Year with Hameedia

Continuously setting the benchmark in the fashion industry, Hameedia, Sri Lanka’s leading menswear specialist will be launching their exclusive promotion for customers celebrating the Christmas and New Year season

Cargills Bank still in red despite attempts to grow lending book

The banking arm of the Cargills group, Cargills Bank Limited (CBL) recorded a net loss of Rs.78.7 million for the quarter ended September 30, 2015, slightly improving from Rs.79.5 million loss recorded in the same quarter last year, the interim results showed. 

‘Ceylon Tea’ brand likely to be reconceptualised: Minister

Plantations Industries Minister yesterday hinted the ‘Ceylon Tea’ brand would be reconceptualised in the near future, due to a good majority of the younger generation unable to link the name to the island nation.

MasterCard hosts fraud and risk management workshop

?MasterCard hosted a fraud and risk management workshop for electronic payments professionals in Colombo recently.

Findmyloan.lk e-platform loan provider launched

Meeting the ever growing demand for small to large loans, Findmyloan (Pvt.) Ltd, the first-of-its-kind in Sri Lanka, recently launched an online marketplace through affiliate marketing that is unique as both customer centric and web based for maximum efficiency and rapid response. 

Fitch assigns Mercantile Investments and Finance ‘BBB(lka)’

Fitch Ratings Lanka has assigned Mercantile Investments and Finance PLC (MIF) a national long-term rating of ‘BBB(lka)’. The outlook is stable. The agency has also assigned the company’s outstanding senior, unsecured, debentures a national long-term rating of ‘BBB(lka)’.

Jabir promoted as Richard Pieris Finance Executive Director

?Richard Pieris Finance Ltd Chief Executive Officer K.M.M. Jabir has been elevated to the post of Executive Director of the company.

NTB Amex announces first winner of TAG Heuer Aquaracer watches

Ranjith Dharmasena won the first of three TAG Heuer Aquaracer by participating in the promotion by using his Nations Trust Bank (NTB) American Express (Amex) card to pump fuel. 

Hamper bonanza from ComBank for remittance recipients

As the season of good cheer approaches, Commercial Bank of Ceylon (ComBank) has announced it will present 300 hampers of goodies worth Rs.1.5 million to customers who receive remittances via the bank till the end of 2015.

HNB launches next generation website

Hatton National Bank PLC (HNB) launched its brand-new website recently. The new site, which targets both individual and corporate customers, was designed to become a benchmark amongst websites in the banking sector. 

Sri Lanka renews commitment in working towards well-being of Asian migrant workers

Sri Lanka renewed its commitment last week in working towards the well-being of all migrant workers in Asia by leveraging the support of other Regional Migration Processes along with groups of nations and civil societies.

Turning up heat for a climate deal

This year is the hottest for 4,000 years, scientists tell us. But what’s more important is what this says about the urgent need for a global climate deal in around one month’s time. 

Asian Alliance clinches coveted Asia Insurance Award for ‘Innovation of the year’

Only Sri Lankan Company to be awarded at this year’s edition of region’s premier insurance industry awards ceremony

AIA PREMIER LIMITED OVERS KICKS OFF

AIA Premier Limited Overs tournaments kicks off on November 27th 2015. The group matches will be played up to December 16th and the Semi Finals will be held on December 23rd and the Final will be on December 30th. AIA Insurance is the title sponsor for the tournament.

Smart Future, Global Shapers, IIT mark GEW 2015 today

As over 160 countries mark Global Entrepreneurship Week 2015 (GEW), budding Sri Lankan job creators will come together to discuss what it takes to be an entrepreneur at a forum today.

People’s Bank-Inland Revenue sponsor ‘National Budget Seminar 2016’

?People’s Bank recently stepped forward as the principal sponsor of the upcoming ‘National Budget Seminar 2016’, which is organised by the Inland Revenue Department for the 11th consecutive year.

Unilever Alumni Association to hold AGM and Fellowship 2015

?The first Annual General Meeting (AGM) of the Unilever Alumni Association will be held on Saturday, December 5, 2015 at Grand Oriental Hotel Lotus Ball Room, Fort commencing at 6:00 p.m., followed by a fellowship dinner of the Unileverites and their spouses from 7:00 p.m. onwards.

‘Engineering Tomorrow: A Southern Asia’ event this Friday

?The Institution of Mechanical Engineers (IMechE) Southern Asia Region would be hosting the “Engineering Tomorrow: A Southern Asia” event for the young engineers of the constituting countries, to be held in Colombo.

National Chamber to hold session with Netherlands Ambassador

?A session on ‘Bilateral trade between Sri Lanka and  Netherlands’ will be held on Friday, November 27, 2015, from 3:00 to 4:30 p.m., at the chamber auditorium at No: 450, D R Wijewardene Mawatha, Colombo 10.  

Overregulation of tobacco, liquor industries won’t bring desired results: CTC official

Overregulation and excessive taxation of the tobacco and liquor industries will cause the opposite of the desired effect, Ceylon Tobacco Company PLC (CTC) Corporate and Regulatory Affairs Director Dinesh Dharmadasa cautioned the government.

Budget to avoid tough choices as risks mount

?Sri Lankan Finance Minister Ravi Karunanayake will seek to boost tax revenues and rationalise spending in the new government’s first full-year budget tomorrow, but analysts see him showing little commitment to fiscal consolidation.

New directors no impediment to Grand Hyatt construction: ministry

?Public Enterprise Development Ministry yesterday in a statement assured that despite the appointment of a new director board, the construction work of the Grand Hyatt Hotel project would proceed unimpeded.

Asiri group takes full control of Central Hospitals Limited

?Asiri Hospital Holdings PLC yesterday said it upped its stake in Central Hospitals Limited (CHL) with the purchase of 9.49 percent shares, increasing its hold of the entity to 77.62 percent.

Access Engineering buys university property

?Diversified Access Engineering PLC announced that it acquired a 92 percent stake in Horizon Knowledge City Ltd this week for Rs.575 million.

Bogala Graphite weighing options to remain as listed entity

?Bogala Graphite Lanka PLC, one of the world’s largest exporters of vein graphite, is currently considering its options in remaining as a listed entity on the Colombo Stock Exchange, pursuant to the minimum public float rules.

No more protectionist policies for industries under new regime

Disclosing another dimension of the national unity government’s new economic policy, a senior government bureaucrat said the new administration would not continue the traditional policy of industry protectionism...

Sujeewa meets Korean business delegation

International Trade State Minister Sujeewa Senasinghe met a Korean business delegation at his ministry at the World Trade Centre, Colombo recently.

NSB nine-month pre-tax profit up 31% to Rs.9.1bn

National Savings Bank (NSB) reported a profit-before tax of Rs.9.1 billion for the nine months ended September 30, 2015, an impressive growth of 31 percent compared to the same period last year.

SriLankan Cargo revolutionizes air freight from the Middle East

SriLankan Cargo will revolutionize air freight to Colombo from seven cities in the Middle East with the launch of its ‘A Dollar A Kilo!’ service this month.

Hemas Travels and Diethelm Sri Lanka launch ‘Escapades’

Hemas Travels, a leading outbound travel and tour operator in Sri Lanka and Diethelm Travel Sri Lanka, one of the top Destination Management companies in the country together with STA Travels recently announced the launch of its new travel offering – ‘Escapades’.