Cinnamon’s city hotels go all out to tap Chinese inbound tourist traffic

The Chinese outbound market has seen an expansive growth in the recent past; and nations from around the world have been aggressively contending to enjoy a large share of this promising market.

Human Rights, a business responsibility: LafargeHolcim

“Holcim (Lanka) Ltd has developed an action plan addressing potential human rights risks related to its operations and its value chain following....

Lafarge Mahaweli celebrates 4 years of zero LTI

Lafarge Mahaweli Cement hosted their employees to an event at the Pegasus Hotel, Uswetakeiyawa, where they celebrated zero lost time injuries (LTI) for four consecutive years. 

JKF distributes spectacles among school children

Ahead of the World Sight Day (8th October), the John Keells Foundation (JKF) together with Elephant House and Health Ministry distributed 100 pairs of spectacles to school children in the Colombo district,..

Hon. Harin Fernando receives a warm welcome on his first official visit to SLT

?Hon. Harin Fernando, Minister of Telecommunication and Digital Infrastructure visited Sri Lanka Telecom (SLT) head office on 29th September 2015, which was the Hon. Minister’s first visit to SLT, after his assumption of duties as the Minister of Telecommunication and Digital Infrastructure.

OPPO Smartphones Continue Growth in Sri Lanka

It’s been quite a year for OPPO! Following its recent expansion to Sri Lanka in August, the latest OPPO R7 Series from the constantly evolving smartphone brand has registered impressive sales so far since its worldwide launch in June.

Gold Deo Creates unique Cutting-Edge Experiential Bus Shelters in Colombo!

?Gold Deo marketed by Hemas Manufaturing PLC, is proud to announce the launch of Sri Lanka’s first ever-experiential bus shelters in Colombo.  

Mahela Jayawardene signs with Central Districts Cricket in New Zealand and takes on brand ambassador

Cricketing legend Mahela Jayawardene is to be contracted as an overseas player in the The Georgie Pie Super Smash Twenty20 competition for Central Districts Cricket team, Central Stags in New Zealand

SLIM Brand Excellence 2015 attracts record number of new brands

?Sri Lanka Institute of Marketing (SLIM) has once again set a benchmark in excellence with the attraction of a record number of new brands for the SLIM Brand Excellence Awards 2015. This is a reiteration of the wide acceptance and sustainability of the program among local brands in the country.

New Puma Showroom Opens in Colombo 4

The 18th of September 2015 saw the opening of the brand new Puma showroom at no. 515, Galle Road, Colombo 4 by DSI.

JAT Holdings proudly sponsors the Asian International School’ Rowing Team

JAT Holdings (JAT) the trusted and excepted name for introducing Water Base Wood Coatings “Sayerlack” to the Sri Lankan market is both honored and privileged to partner the Asian International School as its enviable, comprehensive sponsor of the school’s Rowing Team.

Employers Federation to break plantation wage deadlock

Plantation sector wage issues will soon be resolved as the Employers Federation of Ceylon (EFC) is confident their proposal for the collective agreement will finally break the deadlock.

Mid-range hoteliers must change business model for survival: Analyst

The mid-range hoteliers in Sri Lanka should switch to a completely different business model to survive, a London-based international research agency said.

Facets 2015 marks philatelic milestone

?The 2015 edition of the Facets Sri Lanka international gem and jewellery show, which commemorated its 25th anniversary, recently saw a philatelic milestone with the launch of four stamps depicting Sri Lanka’s prized gemstones and the ceremonial launch of the first day cover.

Lotteries Board donates Rs.10mn to National Kidney Fund

The National Lotteries Board handed over to Finance Minister Ravi Karunanayake a cheque for Rs.10 million to be deposited in the National Kidney Fund.

CCPIT delegation visits National Chamber

A delegation from China Council for Promotion of International Trade (CCPIT) Beijing, headed by CCPIT Deputy Director General Yu Haibo met the National Chamber of Commerce (NCC) officials and had discussions about promoting trade with China...

Urbanisation, a major economic opportunity for SL: World Bank

?Sri Lanka and its regional peers will be able to meet the aspiration of standing amongst richer nations if the urbanisation card is played as a major opportunity to help fast track economic progress, the World Bank (WB) said in a report yesterday.

CCC seminar to help Lankan firms grab global opportunities

?The Ceylon Chamber of Commerce (CCC) will hold a forum titled ‘Explore the global markets and grow your business through the use of government channels’ in a bid to help Sri Lankan firms grab global opportunities.

Over 50 scholarships to be awarded during Adyapana 2015 exhibition

?Education is indeed the bedrock for the future success of a youth, a country and a generation. It is an undeniable truth that a sound secondary and tertiary education would most certainly pave a path of greater success for the individual and society at large.

Rupee ends steady on state bank dollar sales

?REUTERS: The Sri Lankan rupee ended steady yesterday as a state-run bank sold dollars to offset importer demand for the greenback, a day after the currency hit a record low.

Resus Energy’s board representation at Panasian Power dwindles

?Resus Energy PLC was voted out to have a greater board control of mini hydro power developer Panasian Power PLC at the company’s Annual General Meeting held this Monday. 

IFC likely to appoint new country head for Sri Lanka

?International Finance Corporation (IFC) of World Bank Group is likely to appoint a new country head for Sri Lanka. 

Sri Lanka July trade gap narrows sharply

?Sri Lanka trade gap in July narrowed a significant 32.3 percent year-on-year (yoy) to US $ 601.8 million with imports falling at a faster pace compared to exports. 

Consumer-driven rally to cool off soon with fiscal tightening: Brokerage

??With monetary and fiscal tightening measures around the corner, the consumer-driven growth is largely expected to slow down, according to a research arm of a leading stock brokerage. 

Top ADB official meets Finance Minister

Asian Development Bank (ADB) Vice President Wencai Zhang who arrived in the island on Monday met with Finance Minister Ravi Karunanayke at the Finance Ministry.

Industrial Association urges govt. to impose FDI-friendly legislation

The Industrial Association of Sri Lanka urged the government not to impose legislation which would harm future foreign direct investments (FDIs) to the country.

MTD Walkers raises Rs.3bn via debentures

?Construction industry leader MTD Walkers PLC drew in Rs. 3.04 billion in debt funding through its debenture issue this week.

ADB awaits new govt. policies to plan out lending

The Asian Development Bank (ADB) said that they were waiting for the new government to formulate and streamline new national policies so that the ADB could match their Country Partnership Strategies (CPS) with them to plan out lending to the country.

Banking in Sri Lanka; how important is English language proficiency in this industry?

The banking industry in Sri Lanka is a stable, vibrant, market driven industry with approximately 80 institutions operating island wide, Banking as a career has always been one of the most sought after professions in the country with youth in Sri Lanka aspiring to work in a leading bank. 

BOC launches new ‘Finacle’ treasury system

Bank of Ceylon (BOC) announced the launch of its new treasury system ‘Finacle’ in conjunction with Infosys and its business alliance partner Millennium IT, a leading IT solution provider in Sri Lanka.