Sri Lanka should set arrival targets for each tourism source market: expert

Sri Lanka needs to have targets for each of its source markets in terms of aspired tourist arrivals, according to a regional tourism expert.

Anti-dumping Bill to be presented to parliament

A finalized draft of the Countervailing Duties and Safeguards Bill will be forwarded for Parliamentary consideration soon, a high-level bureaucrat said.

NCE welcomes proposed EPF, ETF merger move

National Chamber of Exporters (NCE) yesterday commended the proposed move to merge the two superannuation funds—Employees’ Provident Fund (EPF) and Employees’ Trust Fund (ETF). 

Japan promises Sri Lankan PM infrastructure, maritime aid

REUTERS - Japanese Prime Minister Shinzo Abe pledged aid to Sri Lanka yesterday in a meeting with his counterpart, Ranil Wickremsinghe, and reiterated a promise to help Sri Lanka bolster its maritime security and to provide patrol ships.

Fitch withdraws DVB’s ratings on merger with DFCC

?Fitch Ratings yesterday withdrew DFCC Vardhana Bank PLC’s (DVB) National Long-Term Rating of ‘AA-(lka)’ with Stable Outlook. 

Terrorism impact on economy long-term: Study

A study facilitated by international credit rating agency, Moody’s Investors Service has established that terrorist attacks significantly weaken economic activity and its effects on the economy are long lasting.

NDB Wealth picks first ‘It’s Time’ Challenge winner

?Fashion designer Lonali Rodrigo, of House of Lonali fame, was selected as the first of three winners for the inaugural NDB Wealth ‘It’s Time’ Challenge, where her vision for the future of her sustainable fashion brand earned her a NDB Wealth account worth Rs.50,000.

Chandula, lead speaker at Asia-Pacific Financial Inclusion Summit 2015 in Manila

Co-Hosted by Financial Times (FT), Citi Foundation and Foundation for Development Cooperation in partnership with Banking With the Poor Network (BWTP)

HSBC reintroduces home loans exclusively for Premier and Advance customers

?HSBC has reintroduced home loans to support the financial needs of both Premier and Advance customers with attractive interest rates of 9.95 percent and 10.50 percent, respectively p.a. as a special re-introductory offer. 

SampathCards offers a free instalment with ‘Easy Instalment Schemes’

SampathCards, the responsible credit card choice of the nation, is yet again offering its cardholders a unique promotion under its exclusive ‘Easy Instalment Scheme’ where Sampath MasterCard and Visa credit cardholders can purchase products from over 2000...

CINEC crowned ‘WiLAT Walk’ champions

CINEC Maritime Campus was crowned champions at the float competition of WiLAT Walk - “Striking a Balance in Logistic and Transport Sector” held last month. 

CSC’s ‘MV Ceylon Breeze’ nearing completion

?Ceylon Shipping Corporation (CSC) said work related to its new break bulk vessel, under construction in a Chinese shipyard is nearing completion. 

RBI Governor Raghuram Rajan talks about the global financial system and rules of the game

Following is the 65th Anniversary Oration of the Central Bank of Sri Lanka delivered by Reserve Bank of India Governor Dr. Raghuram Rajan at Cinnamon Lakeside on October 05.

LCI consolidates operations with IFS Applications

IFS, the global enterprise applications company, announced that LCI has decided to implement IFS Applications throughout the group, which includes porcelain and textile manufacturing subsidiaries. 

ABC T&I enters into partnership with 4ipnet for Wireless LAN solutions

ABC Trade & Investments (Pvt) Ltd. today announced that it has entered into a partnership with 4ipnet Inc. to provide 4ipnet’s enterprise-grade wireless LAN solution portfolio to the ICT solutions market of Sri Lanka. 

UCSC develops electronic logbook to monitor IUU fishing

?The European Commission proposed to ban Sri Lankan seafood exports in October 2014, due to illegal, unreported and unregulated (IUU) fishing. 

Tapping emerging markets key to boosting exports: Hayleys Chairman

Identifying the reason why Sri Lanka’s exports are contributing less to gross domestic product (GDP) and what can be done to reverse this trend are two of the issues explored by Mohan Pandithage, ...

wOw.lk with Classic Travel launches ‘Shop and Fly’ promo

wOw.lk, Sri Lanka’s largest online shopping mall, recently partnered with Classic Travel to launch the ‘Shop and Fly’ promotion.

Crosspoint wins big at Zebra Technologies Partner Conference

Crosspoint Business Solutions (CBS) was recognized at the Zebra Partner Conference held recently for its outstanding contribution to Zebra Technologies in the Sri Lankan market and was awarded the prestigious ‘Subcontinent Partner of the Year’ - the only Sri Lankan company to get this award. 

Import Section and ISMM plan seminar on ‘Supply Chain Management’

The Import Section of the Ceylon Chamber of Commerce (CCC) and the Supply and Materials Management Institute, together will hold a seminar titled ‘Creating Competitive advantage through Supply Chain Management’.

Samagi Spice Exports bags Gold at Export Excellence Awards 2015

Samagi Spice Exports (Pvt.) Limited excelled at Export Excellence Awards 2015 organised by the National Chamber of Exports (NCE) held recently by bagging a Gold award in Best Performance in Emerging Markets and a Bronze in Agriculture Bulk Sector – Extra Large category.

MTD Walkers unveils new ‘Walkers CML’ brand identity

Integrated infrastructure and engineering solutions provider, MTD Walkers PLC yesterday unveiled its new brand identity ‘Walkers CML’ in line with its 162nd anniversary celebration.

CIMA President meets British High Commissioner

?CIMA President Myriam Madden with British High Commissioner to Sri Lanka James Dauris, CIMA Sri Lanka Board Chairman Vipula Gunatilleka and CIMA MESANA Regional wwDirector Bradley Emerson

ASIA ASSET FINANCE JOIN HANDS WITH MUTHOOT FINANCE

Asia Asset Finance PLC (AAF) has been serving the Sri Lankan community with their financial needs from 1970 [formerly known as the Finance and Land Sales Ltd],

wOw.lk launches ‘Shop and Fly’ promo in partnership with Classic Travel

wOw.lk, Sri Lanka’s largest online shopping mall recently partnered with Classic Travel to launch the ‘Shop and Fly’ promotion. 

Hameedia Partners 4th Edition of HSBC CFW Resort Show 2016

Continuously setting the benchmark in the fashion industry, Hameedia, Sri Lanka’s leading menswear brand, recently partnered with the HSBC Colombo Fashion Week (CFW) Resort Show 2016, for the fourth consecutive year.

Should the Sri Lankan government be in the business of running an airline?

The famous President of American Airlines, C.R. Smith once said, “These days no one can make money on the goddamn airline business. The economics represent sheer hell.

Brandix takes lead in supporting national initiative in occupational safety and health

?Sri Lanka’s efforts to promote occupational safety and health at workplaces across the island are to be supported by the country’s single largest apparel exporter Brandix as the principal sponsor of the 2015 National Occupational Safety & Health (OSH) week.

Amãna Bank continues support towards Kalubowila Hospital

?Amãna Bank continued its benevolent work towards the Colombo South (Kalubowila) General Hospital by donating valuable medical equipment, IT equipment and air mattresses to be utilised at the children’s ward of the hospital. 

Fashion Bug uplifts Ragama Hospital through CSR initiatives

Fashion Bug, one of Sri Lanka’s leading retail clothing stores with over 16 outlets islandwide, in its series of various corporate social responsibility (CSR) activities recently installed direction boards at Ragama Hospital adding ease and convenience to the public.