Understanding bonds

A bond is a type of debt security. They are effectively an IOU (a signed document acknowledging a debt) between a borrower (the issuer of the bond) and a lender (the investor who purchases the bond)

Cornitos Nacho Crisps named Best Food and Grocery Brand of the year

?Cornitos Nacho Crisps, known worldwide as the provider of snack food was recently named Best Food and Grocery Brand of the year at the Singapore CMO Asia Excellence Awards. 

Budry Electronics introduces weighing scales for jewellery, pawning trades

?Budry scales, the trusted name in weighing has dominated the weighing scale industry in Sri Lanka for more than 50 years with a vast range of products that lead in quality and ace the standard requirements of the department of measurements, units, standards and services.

Crowd-sourced strategy to develop Startup Sri Lanka Survey

An initiative by SLASSCOM Innovation and Entrepreneurship Forum, the Startup Sri Lanka Survey’s (www.slasscom.lk/startupsrilanka) main objective is to gain insights into understanding the current state and most pressing needs of the Sri Lankan start-up community.

ACCA applauds and felicitates new members

ACCA recently held a celebratory evening at Cinnamon Grand to celebrate the success of new members and to recognize their achievements.

India’s Sandal Lands upbeat on Sri Lankan real estate; mulls US $ 25mn FDI

Emboldened by the strong growth prospects of the Sri Lankan real estate market, India-based regional property developer, Sandal Lands (Pvt.) Ltd, has announced plans...

Proximity to customers brings key benefits to businesses

As the popular saying goes, “Location is everything” and the latest research carried out by Regus - the global workplace provider - has highlighted the importance of physical proximity to customers for businesses.

Japan’s second largest industrial region in trade talks with Sri Lanka

?In the backdrop of Lankan Prime Minister Ranil Wickremesinghe’s recent visit to Japan, Sri Lanka received its first-ever trade delegation from Kansai, Japan’s second-largest industrial and financial region featuring 20th largest gross domestic product (GDP) in the world.

CIMA Students’ Society introduces Launch Pad 2015 initiative

Launch Pad 2015 is yet another novel initiative introduced by the CIMA Students’ Society. Launch Pad is a competition which provides teams comprising of aspiring individuals the opportunity and platform to voice out their business and social ideas..

Biomass Supplies earns Roundtable on Sustainable Biomaterials certification

?Biomass Supplies (Pvt.) Ltd, a company based in Sri Lanka, earned the Roundtable on Sustainable Biomaterials (RSB) certification for biomass produced from branches pruned from live fences of Gliricidia trees.

Govt. might need to go for new IMF package before crisis: economist

Sri Lanka may need to negotiate another International Monetary Fund (IMF) bail out package to increase confidence in the country and to ease any balance of payment issues that may arise in the future, a leading economist said.

ECB speculation sends Asia stocks surging, euro sinks

The European Central Bank’s hint at fresh stimulus measures for the stuttering eurozone economy sent Asia stock markets and emerging currencies surging yesterday, while the euro came under further selling pressure.

Russia to open $5 bn Iran credit line: Tehran

AFP - Russia plans to open a US$ 5 billion credit line for Iran to help finance infrastructure projects in the country, officials from both countries said Thursday during a visit by Moscow’s energy minister, Alexander Novak.

Crude ticks higher ahead of key data

AFP - Oil prices rose on bargain-buying in Asia yesterday but analysts warned of fresh selling pressure as the United States and the eurozone prepare to release key manufacturing indicators later in the day.

Oman Air to commence double daily flights from Colombo to Muscat

Oman Air will start double daily flight operations from Colombo to Muscat from 28 October 2015 onwards.  The national carrier of the Sultanate of Oman will now offer a total of 14 flights per week and two flights per day between the two countries. 

Mv. Sima Giselle calls at Colombo Port

SIMATECH Shipping LLC, the world’s 27th largest carrier (Alphaliner – October 2015 ranking) celebrated its brand new Mv. Sima Giselle maiden port call on October 19th at the Jaya Container Terminal (JCT) of Sri Lanka Ports Authority (SLPA).

Pakistan’s Service Industries and Almar Group form JV for high-end footwear production

Pakistan’s leading conglomerate, Service Industries and Sri Lanka’s Almar Group announced a joint venture for the manufacture and export of high end shoes recently. 

Eurozone business activity strengthens in October

AFP - Eurozone economic activity accelerated in October, a key business survey showed yesterday, in one of the best performances in four years which included a notable improvement in employment.

Volvo salutes higher profits on rising sales

REUTERS - The Sri Lankan rupee traded steady yesterday despite dollar demand from importers as banks did not trade the greenback above 141.05, which is seen as the central bank’s desired level, dealers said.

SLT ‘Sisu Damseriya’ essay competition winners collect prizes

Sri Lanka Telecom (SLT) in its bid to boost knowledge among school children and mould them into becoming useful citizens in society under the programme titled ‘Sisu Damseriya’, organised an essay 

Hameedia’s Hussain Sadique in new strategic role

Hameedia (Pvt.) Ltd Deputy Managing Director Hussain Sadique, who headed the group’s operations will exit the group’s Management Committee in order to function in a strategic business capacity outside the core business sector. 

SLAAPS holds Residential Seminar/Workshop 2015

The Sri Lanka Association of Administrative and Professional Secretaries (SLAAPS) had its Annual Residential Seminar/Workshop for the 22nd consecutive year at the Club Palm Bay, Marawila recently.

Embark’s third independent store opens in Kandy

Embark, the fashion brand with a unique cause, has opened its third independent store in Kandy, a city with which it has built a strong affinity. Located at No 30 on the third floor of the Kandy City Centre (KCC) mall, the Embark store is a more compact version of the standalone Embark

Prima supports All Island School Games 2015

Extending its commitment to uplifting active school sports, Prima sponsored the All Island School Games held at Mahinda Rajapakse International Stadium, Diyagama recently.

Flora partners Punarjeewa Heart Walk

In a reflection of a consistent commitment to developing a healthy lifestyle, Flora recently joined hands with Punarjeewa Dr. Soma Edirisinghe Heart Walk 2015 as the national sponsor for the event. 

CMA staff receives management training

The Institute of the Certified Management Accountants (CMA) of Sri Lanka conducted a training programme for its staff, taking another positive step in its efforts to increase the quality of the services provided to its membership, as well as its students. 

DHL Express celebrates 35 years in Sri Lanka

DHL Express, the world’s leading international express services provider, marks 35 years of operations in Sri Lanka this year. DHL Express entered the Sri Lanka market in 1980 as the pioneering logistics company in the country. Today, the company records a dominant market share,

Holmes, Pollard & Stott celebrates 25 years

Pioneering advertising agency giant Holmes Pollard & Stott (HP&S) is this year celebrating its 25th anniversary of creating and executing some of the most inspiring ideas seen and heard in the local media industry.

PLC Trincomalee branch drives Int’l Coastal Clean-Up Day

A beach clean-up week commencing from September 19 to 23 was declared to mark and energize the International Coastal Clean-up (ICC) 2015 Day. This national programme covered the entire coastal stretch round the country 

Borella Mahapola Lotto Centre now offers even more services

With a commitment to convenience resulting in recent game-changers including the Mahapola Lotto mobile fleet, lotteries innovator Mahapola Lotto is now offering, via its Borella Mahapola Lotto Centre, a single one-stop-shop to serve the needs of both its prize winners and ticket sellers.