DFCC to finance first private grid-connected solar power project

Recording another first, DFCC Bank PLC, renowned for being the pioneer in renewable energy financing, will soon add solar energy to its renewable energy portfolio. 

Fitch affirms HNB Assurance and HNB General Insurance ratings

?Fitch Ratings Lanka has affirmed HNB Assurance PLC’s (HNBA) National Insurer Financial Strength Rating and National Long-Term rating at ‘A(lka)’. 

StanChart’s Regional Head visits Sri Lanka

Ajay Kanwal, Regional CEO ASEAN and South Asia (ASA), Standard Chartered, is in Colombo today on an official visit to Sri Lanka. 

Multi Finance celebrates 41 years in business

Multi Finance PLC, one of Sri Lanka’s oldest and most respected financial institutions, recently celebrated its 41th anniversary. 

PIMA felicitates new PIM Director Prof. Dharmasiri

PIM Alumni (PIMA) is the association of academic and professionals who graduated with Masters and Doctoral degrees from the Postgraduate Institute of Management (PIM),

Union Bank promotes savings habit with range of savings options

In line with the Bank’s ongoing efforts to position itself as a fully-fledged commercial bank enabling financial growth of individuals; Union Bank offers a range of savings accounts to meet the unique savings needs of its diverse clientele.

Trillion and PABC launch Rs 750 mn Green Asset Backed Securitisation

Sri Lanka saw its first Green Asset Backed Securitisation introduced recently, an effort towards reducing carbon footprint in the country, initiated by Trillion Investments Limited and Pan Asia Banking Corporation.

Cinnamon Red staff receive Associates’ Quarterly Awards

Lean luxury property Cinnamon Red appreciated its staff at its Associates’ Quarterly Meeting last week.

JadoPado sells strategic stake to BECO Capital

JadoPado, a global marketplace platform, announced that it has sold a significant minority stake to an investor consortium led by BECO Capital, a venture capital firm focused on technology investments in the Middle East, valuing the business at Rs 3.95 billion.

Versility meets quality with DIMO’s all new Mercedes-Benz Citan

?The performance of a giant and the thirst of a bird – the new Mercedes-Benz Citan is the newest multi-purpose van from Mercedes-Benz. 

Laugfs Eco Sri opens 86th fixed VE testing centre

Laugfs Eco Sri Pvt Limited recently opened its 86th fixed Vehicle Emission Testing (VET) center in Balangoda, bringing convenient access to Vehicle Emission Testing facilities for the motorists in Balangoda and surrounding localities. 

Senok to launch all-new flagship Audi Q7

Senok Automobile (Pvt) Limited will soon be launching their flagship seven-seater luxury SUV: The all-new Audi Q7 also known as “The Great Quattro”. 

Adfactors wins big at Holmes Report Sabre South Asia Awards

?Adfactors Public Relations Lanka has won a Certificate of Excellence at The Holmes Report Sabre South Asia Awards in Mumbai. 

Spark opens charging center in Galle

Another electric vehicle charging center of Spark Electric Vehicles was opened in Galle recently by Cabinet Minister Chandima Weerakkody. 

Misfortune of penny stocks

As rational investors we would intend to earn profits when investing in the market. Unfortunately some tend to be overly greedy and impatient to earn profits. 

Contrary to what you’ve heard, competitive intelligence is a mission that is possible

We said last week that as with any business strategy, before you begin a project you need a roadmap of what you want to accomplish and where you are going. 

Marketing of tea - A strategy

“The global tea industry reached maturity over a decade ago and is now in a critical period where fundamental changes are taking place in the competitive environment. The slowing of growth is creating more global competition for market share. 

SMEs will be critical to get Sri Lanka to the next level of growth

All governments want small and medium-sized enterprises (SMEs) that form the backbone of our economy to play a greater role in the development of the economy.

End of China’s one-child policy unlikely to boost economy: analysts

AFP - China abandoned its decades-old one-child policy Thursday to confront a looming slump in the economy’s workforce that it is probably powerless to prevent, analysts say.

Art of living

Sri Lanka’s premier kedella exhibition, the ‘Art of living 2015’ kick started at the BMICH yesterday.  The 3-day event ends tomorrow. Pic by Kithsiri de Mel

Yen, Japan equities rise as Japan cuts growth forecast

AFP - Japan’s central bank yesterday slashed its growth forecasts and put back an inflation timetable as the country’s economy stutters, but its decision to hold off any fresh stimulus sent the yen up and Tokyo stocks rallying.

Taiwan economy shrinks for first time in six years

AFP - Taiwan’s economy suffered its first quarterly shrinkage since the height of the global financial crisis, hit by worse-than-forecast exports as key trading partner China suffers a painful growth slowdown.

DPL records Rs.10 bn first half revenue

DPL Group turnover for the 1st half of the financial year was Rs. 10.9 billion, compared to Rs.15.1 billion for the same period of the previous year.  The Hand Protection sector contributed a modest Rs 6.18 billion to the Group’s top line, 

Oil prices retreat in Asia as rally fizzles

Oil prices declined in Asia yesterday as a midweek rally dissipated with no relief in sight to a global crude oversupply, analysts said. Prices surged on Wednesday driven by bargain-hunting and a below-forecast

China search giant Baidu sees lift from travel deal

AFP - Chinese search giant Baidu said Thursday it expects a new travel services partnership to help drive future revenue as the country’s middle class grows, after it reported better-than-expected third quarter earnings.

Pegasus Reef Hotel introduces “The Fishery” sea food restaurant

Pegasus Reef Beach hotel in Hendala launched its latest  sea food dining experience ‘The Fishery’ on October 17th. 

End of China’s one-child policy unlikely to boost economy: analysts

AFP - China abandoned its decades-old one-child policy Thursday to confront a looming slump in the economy’s workforce that it is probably powerless to prevent, analysts say. AFP - China abandoned its decades-old one-child policy Thursday to confront a looming slump in the economy’s workforce that it is probably powerless to prevent, analysts say. All couples will be allowed to have two children, China’s official Xinhua ne

Union Assurance commemorates World Children’s Day

Union Assurance (UA) is a company that is dedicated to the creation of healthy communities through its corporate social responsibility programmes. In the recent past, the company has been engaged in a number of programmes aimed at eliminating and raising awareness on,

Seylan Bank holds pirith ceremony 2015

An overnight pirith ceremony followed by heel danaya organised by Seylan Bank to evoke blessings on customers, staff of Seylan Bank and all Sri Lankans was held recently at Seylan Towers, Colombo 3.

SLIA adds architectural value to Jaffna school library building

It was decided to concentrate on social responsibility projects, specially in the Northern Peninsula during the 2015 Annual Sessions of Sri Lanka Institute of Architects (SLIA). A decision was taken to renovate a 100-year-old library building, which carries a significant architectural value, at the Vivekananda Vidyasalai in Manipay, Jaffna.