Fitch assigns BBB- to Mercantile Investments but equity exposure high

Fitch Ratings Lanka has assigned the minimum investment grade rating, BBB- to the Ondaatje family-controlled finance company, Mercantile Investments & Finance PLC (MIF) with a ‘stable’ outlook. 

Tax revisions in Budget mostly negative for apparels: industry body

The tax revisions in the 2016 Budget are likely to have negative impacts on the apparel exports of Sri Lanka, while locals may not be able to afford locally-made garments, an apex industry body said. 

Microimage extends presence to Myanmar; launches localised HCM solution

Microimage HCM Asia, partner of Asia-based OMESTI Group, has extended its presence in the Southeast Asia region, this time to Myanmar, through an exclusive partnership with local corporate services firm VDB Loi.

Hilton hotels hit by cyber attack

AFP - US hotel chain Hilton revealed Tuesday that hackers infected some of its point-of-sale computer systems with malware crafted to steal credit card information.

CDB felicitates long service team members for 20th anniversary

Celebrating its milestone two decades in operation as a highly successful corporate steward and financial services industry leader, ...

Fortinet elevates high-performance cyber security to the Access layer

Fortinet’s New Secure Access Architecture Framework delivers advanced security to wireless and wired network Infrastructures while segmenting devices and the network.

IPM’s ‘HRM for Life’ Kurunegala evening seminar well attended

IPM Sri Lanka – the nation’s leader in human resources management (HRM) – organised its signature programme ‘HRM for Life’ at a sundown seminar at the Kandyan Reach Hotel in Kurunegala ....

Seylan rewards fans of social and digital media channels

?Social and digital media channels of Seylan Bank are in the forefront of the new age media chapter in   Sri Lanka. 

Ceylinco Insurance becomes only insurer in Sri Lanka’s Top 25 companies

Ceylinco Insurance, once again earned the honour of being the only Insurance Company amongst the top 25 companies in Sri Lanka for the year 2014 / 2015, at a gala ceremony held at the Colombo Hilton recently. 

CSE growth story set for analysis in launch publication

A first-time report on Sri Lanka by the global publishing firm Oxford Business Group (OBG) will explore what’s next for the Colombo Stock Exchange (CSE), while tracking its activity and performance since the end of the war. 

Commercial Bank integrates with BFC’s ‘EzRemit’ for instant remittances to SL

Users of EzRemit, a leading remittance service in Bahrain, who send funds to beneficiaries in Sri Lanka via the Commercial Bank of Ceylon, are now offered an instant, real-time transfer, following the integration of the web systems of the two entities.

UnionPay offers tips to boost holiday sales

According to the Sri Lanka Tourism Development Authority, Chinese tourists are the fastest growing group with over 164,000 visiting the island in the first nine months of this year, which represents a 73.6 percent increase. 

NTB ranked amongst Top 25 Corporates of Sri Lanka

Business Today recognized the leading Top 25 corporate performers in Sri Lanka at an event held recently where Nations Trust Bank, for the first time was honored with such an accolade.

OpenArc establishes subsidiary in Japan

OpenArc Systems Management opened its subsidiary company in Japan recently.

IT/BPM industry upbeat about Budget 2016: SLASSCOM

As the national IT/BPM Chamber of Sri Lanka, SLASSCOM is encouraged by the Budget 2016, which has taken into consideration the needs of the country’s flourishing IT/BPM industry and has allocated funds to support initiatives that are vital to the growth of the industry. 

Budget 2016 incompatible with PM’s economic policy statement: SLEA

While claiming that the budget-2016 as a whole is a very fine one, Sri Lanka Economic Association (SLEA) President Professor A.D.V de S. Indraratne said its proposals...

Abans launches Apple iPhone 6s and 6s plus

Abans Group, the Authorized Reseller / Service Provider for Apple in Sri-Lanka left no stone unturned on 19th November at the launch for the much awaited iPhone 6s and 6s plus. 

Dinesh launches “The Great November Revolution”

HR specialist Dinesh Weerakkody launched his fifth book titled “The Great November Revolution” in the presence of President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe on Tuesday.

“ReadMe Talk” launched

?ReadMe which is the most prominent technology news website in Sri Lanka held its first meet up. 

‘Visit Kelaniya 2016’ to boost cultural diversity

Sri Lanka Tourism expects to improve the density of tourism in Kelaniya, Colombo during the period of the Duruthu Perahera which falls in January. 

Abishek Sithampalam speaks at Big Data Analytics Conference

Abishek Sithampalam, the CEO and Co-Founder of retailgenius.com and Co-Founder of findmyfare.com recently delivered the keynote address at the Big Data Analytics Conference, which was held at the University of Kelaniya. 

No quick fixes for industry dynamics, but will bring transparency and fair play: Navin

Sri Lanka was once proud of its high-performing tea, rubber and coconut sectors, but lack of emphasis and proper direction over the years have resulted in these areas to witness dampened progress.

Ceyoka’s waterproofing solutions meet demands of prestigious projects

Having contented atmosphere around you especially during rainy seasons is crucial in keeping a house or a building dry, making it more comfortable to work or live in and to protect internal fixtures and fittings inside from damage as a result of excess humidity or exposure to water.

SLIM holds open day for Strategic Brand Management Diploma

The open day of the Diploma in Strategic Brand Management (DSBM), the first and only diploma in Sri Lanka for branding, was organised by Sri Lanka Institute of Marketing (SLIM) recently, ahead of its sixth intake.

Taiwan Textile Fair begins on November 27

On popular demand, Taiwan Textile Fair returns to Colombo on November 27 and 28 for its annual showcase at Taj Samudra, Grand Crystal Ballroom premises.

Oviklo commences Kaduwela warehousing facility construction

In an effort to set the benchmark ever higher for the logistics sector Oviklo, a leading player in the logistic solutions provision sector in Sri Lanka, recently engaged in the construction of a state-of-the-art warehouse facility in Kaduwela – providing easy access from all routes.

Rainco unfurls ‘World of Outdoor’ in Colombo

Offering a wide collection of furniture and accessories to cater outdoor needs, Rainco, a leading brand for rainwear in South Asia opened its flagship store, ‘World of Outdoor’ (WOO) in Colombo recently.

Foundation of Goodness donates water purification machine to Weweldigiliya village

The Foundation of Goodness, a social service organisation, donated a ‘Propre’ reverse osmosis (RO) water purification system machine with a capacity of purifying 5,000 litres of water per day, to the far-flung, poor village of Weweldigiliya in Mihintale, Anuradhapura, recently.

Brandix HQ wins Gold at National Energy Efficiency Awards

Less than nine months after it was commissioned, the new head office of the Brandix Group won the ‘Gold Flame’ for Commercial Buildings in the Large Scale category at the Sri Lanka National Energy Efficiency Awards 2015,

Ashley Furniture HomeStore launched in Sri Lanka

?High-quality and innovative furniture is an investment for a lifetime for both households as well as commercials.