Fashion Bug awarded best dealer for Emerald

Fashion Bug, one of Sri Lanka’s leading retail clothing chain with over 16 outlets island-wide, won the prestigious award for being the ‘best dealer’ in the ‘Diamond’ category at the western province dealer convention of Emerald International held on 24th November at Waters Edge.

Litro Gas is principal sponsor for 128th Amateur Golf Championship

Litro Gas, the largest importer and market leader of Liquefied Petroleum Gas (LPG) in Sri Lanka, recently signed up as the principal sponsor for the ongoing 128th Sri Lanka Amateur Golf Championship which commenced on the 29th of November.

Dhammika ups stake in Hayleys

The high-net-worth individual, Dhammika Perera has increased its stake in the diversified conglomerate, Hayleys PLC to 50.15 percent from 49.71 percent. 

Cap on pawning, ban on leasing, credit positive for Lankan banks – Moody’s

?The budget’s proposal to limit commercial banks’ exposure to gold backed loans and leasing activities will reflect positively on these lenders as such an action will minimize exposure to higher-risk loans, the global credit ratings agency, Moody’s Investors Service (Moody’s) said.

Zone24x7 wins Gold at APICTA 2015 in R&D

?Zone24x7 emerged as the overall winner in the Research & Development (R&D) category at the recently concluded Asia Pacific ICT Alliance (APICTA) 2015 awards held in Colombo. 

Equity One to de-list from CSE

?Property development entity, Equity One PLC (EQUIT) awaits nod from the regulators and its shareholders to de-list from the Colombo Stock Exchange (CSE) as it is not in compliance with the Minimum Public Float regulations imposed by the Securities and Exchange Commission (SEC).

Informatics International wins top award at APITCA 2015

Asia Pacific ICT Alliance, (APITCA) is an alliance of national ICT organizations representing their respective economy to build and enhance a mutually cooperative network to promote ICT...

E-tel innovates again with new Microsoft and Intel-powered KeyTab

?An innovative two-in-one that converts from a laptop to a tablet PC has been launched in Sri Lanka by E-tel, offering the combination of technology and affordability that propelled the brand’s meteoric success in the local smartphone market in a new product line.

Sri Lankan banks hit by triple whammy

?Sri Lanka’s banking sector is hit by a triple whammy of higher taxes, cessation of leasing business and the government guarantee on finance company deposits, according to an independent research company. 

Huawei G7 Plus debuts in Sri Lanka

?Huawei, the fastest growing smartphone in Sri Lanka, unveiled the Huawei G7 Plus the latest 4G device which was globally launched in the beginning of November 2015. 

Startup Sri Lanka-Infocomm Investments launch ‘Xeleration’ accelerator programme

?Startup Sri Lanka, an initiative by SLASSCOM Innovation and Entrepreneurship Forum, launched Xeleration, Sri Lanka’s first accelerator programme targeting budding entrepreneurs in Sri Lanka, at an event held by the Information and Communication Technology Agency (ICTA).

Amalgamation of EPF and ETF: Points to consider

The recently announced proposal to amalgamate the Employees’ Provident Fund (EPF) and Employees’ Trust Fund (ETF) has stirred a hornet’s nest. It is a popular topic of discussion too, particularly among beneficiaries

Surge in tourist arrivals

?Foreign tourists walk besides a Buddha statue in Vihara Maha Devi Park in Colombo yesterday.  Tourist arrivals to Sri Lanka gained 8.8 percent year-on-year in October, government data showed. AFP 

It’s no deal in Paris on climate change without transport

This December’s climate change summit in Paris could at last see an ambitious, legally-binding deal. For the first time, this would encompass the bulk of global greenhouse gas emissions, since the biggest emitters

KOPIA conducts trial performance of Korean rice transplanting machine in Rajanganaya

?Korea Programme on International Agriculture (KOPIA) Sri Lanka Centre Director Dr. Byoung Choon Jang conducted a trial performance of the Korean rice transplanting machines recently at the rice model farm village in Rajanganaya, Anuradhapura. 

HNB Grameen records impressive 227% profit growth in 1H15

?HNB Grameen Finance Limited has ended the first half of 2015 with a profit before tax (PBT) of Rs.853 million, up from Rs.261 million in the first half of 2014, recording a staggering 227 percent growth in profits.

CCC to discuss what businesses should look out for in 2016

The Ceylon Chamber of Commerce (CCC) will hold a forum titled ‘Global Economy and Sri Lanka - What Can We Expect in 2016’, with the participation of a top panel, which will include the likes of Central Bank...

Employers’ Federation of Ceylon clarifies…

?Apropos to the article titled ‘Employers’ Federation slams private sector wage increase’ published in Mirror Business yesterday, the Employers’ Federation of Ceylon (EFC) sent the following clarification. 

Pathfinder and Korea embark on feasibility study for bilateral FTA

?The Pathfinder Foundation in cooperation with the Embassy of the Republic of Korea (ROK) has commissioned a study on the feasibility of entering into a free trade agreement (FTA) between ROK and Sri Lanka. 

NTB invites to begin this festive season with Amex

Nations Trust Bank (NTB) American Express (Amex) invites you to celebrate the fourth anniversary of the Old Dutch Hospital. Partnering for the fourth consecutive year...

NDB Wealth introduces ‘Money Plus’ account

? Expert financial planner NDB Wealth has introduced its innovative ‘Money Plus’ account, an attractive alternative to savings accounts, as part of its all-new wealth planning solutions range. 

The best car brand? That’s Mazda, according to U.S. News

Autos Cheat Sheet: Last month, we reported on stellar sales numbers for Mazda and the general good positioning that the automaker is enjoying in North American markets.

South Korea orders recall of 125,522 Volkswagen vehicles

?REUTERS:  South Korea said its own testing showed that Volkswagen AG intentionally manipulated a diesel emissions device in vehicles with an older engine, and ordered the recall of 125,522 cars.

Yamaha holds grand annual dealer convention and awards

?Leading automobile brand Yamaha, held its dealer convention and awards at The Kingsbury Hotel, Colombo recently.  The convention had a number of highlights, including the presence of a number of representatives from Yamaha Japan.

Ford gears up for higher demand with improved customer care

?A resurgence in demand for the Ford range of vehicle in Sri Lanka has prompted the local agent Future Automobiles to spruce up and tighten customer care, a letter the new CEO sent to existing Ford owners recently revealed.

Hoteliers worried over proposal to abolish Tourism Development Levy

The apex body for the country’s hotel sector, Tourism Hotels Association of Sri Lanka (THASL), called on the government to reverse the budget 2016 proposal to abolish the Tourism Development Levy ...

Virtusa hosts Converse 2015 Graduate Meetup Programme

Virtusa Corporation, a global business consulting and IT outsourcing company that combines innovation, technology leadership and industry solutions to transform the customer experience...

  Blue Mountain recognized as ‘Best Property Consultant’ at prestigious IFM Awards in London

The Blue Mountain Group, the leading real estate major in Sri Lanka, was bestowed with the prestigious ‘Best Property Consultant’ award at the International Finance Magazine (IFM) Awards, held at the Landmark Hotel in London, UK, on 27th November 2015.

Hameedia defends Textile & Apparel title at the Great HR Quiz 2015

Sri Lanka’s leading menswear specialist Hameedia, recently emerged as the winner of the Textile & Apparel category at the Great HR Quiz 2015 Awards for the second consecutive year,.

Fly Mihin Lanka and revive yourself in the Maldives

The Maldives is renowned for its astounding tropical weather and its stunning beaches, which offer tourists the getaway of a lifetime. The shimmering white sands, turquoise waters and soothing atmosphere will provide you with an opportunity to unwind and rejuvenate yourself.