Samsung Sri Lanka signs MoA with Skills Development Ministry to set up Technical Lab

?Samsung Electronics in Sri Lanka has signed a Memorandum of Association (MoA) with the Skills Development and Vocational Training Ministry to set up a state-of-the-art Samsung Technical Lab. 

Fashion Bug donates cardiac equipment to Bandarawela District Hospital

Heart-related disease is the top main cause of deaths in Sri Lanka. With a motive of contributing in smaller yet effective ways to eliminate this cause, Fashion Bug, one of Sri Lanka’s leading retail clothing chain with over 16 outlets islandwide

Tokyo Cement supports nation building through construction education

The fifth NVQ Certificate Awarding Ceremony of the AYS Gnanam Construction Training Academy - Tokyo Cement’s educational corporate social responsibility initiative and one of the leading private training...

Chinese Dragon Café feeds children on World Food Day

Chinese Dragon Café, the pioneering restaurant in Sri Lanka’s Chinese restaurant sphere, engaged in an innovative and noble corporate social responsibility (CSR) initiative. 

Sunshine Holdings net profit up by 8%

Diversified conglomerate Sunshine Holdings posted a Rs.171.1 million net profit for 2Q16, an 8 percent growth Year-on-Year (YOY), largely due to improved performance in its healthcare and FMCG segments.

Business chamber expresses deep concern over police brutality on protesting students

?The country’s apex business chamber, Ceylon Chamber of Commerce (CCC) expressed deep concern over the police brutality on HNDA students which took place last week.

CEB continues to buy private sector power at high rates

In a continuance of the government subsidizing private sector profits, Ceylon Electricity Board (CEB) is continuing to purchase electricity at higher rates as usual from private mini-hydro power generating companies.

JKH 2Q16 profit up 31% to Rs.3.47bn

Sri Lanka’s premier blue chip John Keells Holdings PLC (JKH) saw its net profit for the September quarter (2Q16) increasing 31 percent year-on-year (yoy) to Rs.3.47 billion amid improved performance of the group’s transportation and consumer food & retail operations. 

Mandatory public float requirements: Have they done more harm than good?

Four companies on the Colombo Stock Exchange (CSE) have already  delisted and several more are considering taking the same route following the introduction of the new listing rules to promote a more vibrant and liquid market.

Thai-SL biz forum explores ways to enhance bilateral trade & investment

President Maithripala Sirisena told the Thailand - Sri Lanka Business Forum in Bangkok yesterday that the proposed sectors for future investment in Sri Lanka includes tourism, high tech manufacturing for export, infrastructure, telecom...

US economic recovery, growing Indian market favourable for Sri Lanka: Deputy Governor

The recovery of the US economy and India’s growth prospects are bright spots for the Sri Lankan economy, which is expected to grow above 5.5 percent during the year 2015, said Dr. Nandalal Weerasinghe, Deputy Governor of the Central Bank of Sri Lanka.

Ease of Doing Business Forum postponed to November 12

The fifth forum of the Ease of Doing Business, organized by the Ministry of Finance will be held at 2.00 pm on November 12 at the Miloda Centre in Colombo. 

China top foreign investors in Sri Lanka real estate sector: Online research

China, India and Hong Kong are the top three countries currently investing in the Sri Lankan real estate market, according to new research from online real estate platform, Lamudi Sri Lanka.

Economic reforms in Sri Lanka: Political economy and institutional challenges

The run up to Sri Lanka’s January 2015 presidential elections saw an unprecedented wave of demand for political and constitutional reforms.

Value-added rice products – A solution for paddy crisis: NCE

With a bumper harvest of rice in the last Maha season, Sri Lanka faced a severe crisis in regard to storage of paddy resulting in the inability by the Paddy Marketing Board and related state institutions to purchase paddy from farmers under the guaranteed price scheme of the government. 

Let us begin with the end in mind – ‘Smart plantations’

Most of us are aware that a smart city uses digital technologies or information and communication technologies (ICTs) to enhance the quality and performance of urban services to reduce costs and resource consumption and also to engage with its citizens more actively and effectively.

ComBank remittance customers double their money

Thirty two customers of Commercial Bank (ComBank) whose inward remittances were routed to Sri Lanka via the bank had the good fortune to receive more than was originally sent,...

HNB General Insurance produces short film on dangers of texting while driving

HNB General Insurance, a subsidiary of HNB Assurance, initiated an awareness campaign that relates to the main reasons for road accidents in Sri Lanka. 

HDFC Bank relocates Batticaloa branch

HDFC Bank relocated its Batticaloa branch at No: 601 A, Trinco Road, Batticaloa, with the aim of offering convenient banking facilities to the customers. 

NDB Wealth ‘It’s Time’ Challenge a success

NDB Wealth has completed the inaugural phase of its innovative ‘It’s Time’ Challenge, an online social transformation initiative where five exemplary individuals were awarded Rs.50,000 NDB Wealth accounts each, which proved to be a catalyst to kick-start their potential.

NDB appoints Angelo Mathews as Brand Ambassador

At National Development Bank (NDB) integrity and truthfulness even in the most challenging situations is important. NDB has the right attitude to diligently deliver what it promises while adding value that goes beyond what is expected. It is driven by a desire to reach beyond the norm. 

MasterCard offers holiday experiences with Hemas Travels

?MasterCard announced its partnership with Hemas Travels to offer extraordinary discounts on holiday packages around the world.

NCE presents Special Awards for projects that boost socio economic development

The Council of the National Chamber of Exporters presented Special Awards this year related to projects implemented by the Chamber which has a bearing on socio economic development in addition to exports.

Sri Lankan wins Stevie Award for first time

 Sri Lankan-born entrepreneur Susantha Shan Halamba, CEO of Texas-based Ceyhinz Link International, Inc., won the Gold Stevie Award under the category of Executive of the Year (management award category-All Other Industries). 

CIMA Regional Head visits CA Sri Lanka

The Regional Director for Asia Pacific of the Chartered Institute of Management Accountants (CIMA), Irene Teng paid a courtesy call at the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently. 

Tissa Seneviratne elected new CNCI Chairman

The Ceylon National Chamber of Industries (CNCI) had its 54th Annual General Meeting (AGM) on 23rd October  at Hotel Taj Samudra, Colombo.  

ICCSL to hold AGM, mark diamond jubilee tomorrow

The Annual General Meeting and 60th anniversary celebrations of the International Chamber of Commerce Sri Lanka will take place at Hotel Galadari Colombo on the 05th November. 

Government of Japan confers decoration on Lal De Alwis

On 3rd November 2015, the Government of Japan announced the conferment of “The order of the Rising Sun, Gold Rays with Rosette” upon C. Lal De Alwis, in recognition of his significant contribution in strengthening and deepening Japan and Sri Lanka relations.

National Chamber supports ‘APICTA 2015’ with Silver sponsorship

The  APICTA – 2015 (Asia Pacific ICT 2015 ) will be held from 18-21 November 2015 at Cinnamon Lakeside  Colombo , organised by  the Federation of Information Technology Industry Sri Lanka (FITIS) and BCS, the Chartered Institute for IT Sri Lanka Section.

Sri Lanka Cricket appoints wOw.lk as its online ticket service provider

wOw.lk, Sri Lanka’s premier e-commerce site, recently entered into an agreement with Sri Lanka Cricket to exclusively manage and operate an online ticketing portal for all international cricket matches hosted in Sri Lanka.