BoI opens circuit bungalow in Nuwara Eliya

As part of the welfare programme for its staff, the Board of Investment (BoI) of Sri Lanka has established a new circuit bungalow in Nuwara Eliya.  This nine-room bungalow is for the use of BoI staff and their families.

Esoft-Sirasa donate computer lab to Ratnapura school

Esoft Metro Campus, which has launched the ‘E-Thilina’ community service-oriented initiative in partnership with Sirasa Television, donated a fully-fledged, computer laboratory with Internet and other modern facilities to the Dharmapala Maha Vidyalaya, Ratnapura recently. 

Mobitel Cash Bonanza 2015 rewards cash prizes exceeding Rs.1,150 lakhs end of 2Q

The National Mobile Service Provider Mobitel which aims to select a winner every minute of each day through its special Cash Bonanza draw has rewarded 43,245 customers for the month of June through the distribution of cash prizes worth over a staggering 210 lakhs.

Mahapola Lotto network extends to Medirigiriya and Point Pedro

Continuing its rapid expansion drive, following its launch a little over a year ago, lotteries innovator Mahapola Lotto has begun venturing into more remote areas islandwide. Most recently, the local ‘pick your 

Sampath Bank launches ‘Sampath Ithurum Siththam’ to mark World Children’s Day

Reiterating their commitment to the country’s future and establishing a solid foundation for the future leaders of the nation, Sampath Bank is introducing ‘Sampath Ithurum Siththam’ to celebrate World Children’s Day on October 01.

Turret Accessories unveiled at Crescat Boulevard

Turret, the luxury brand store that caters to the niche market of connoisseurs of products and accessories of premium brands, opened Turret Accessories, their newest store at Crescat Boulevard, Colombo’s up-scale shopping-mall complex.

Unipower excels at National Agribusiness Awards

Unipower (Pvt) Ltd received Gold and Silver awards at the 10th National Agribusiness Awards 2015 held at BMICH recently. Picture shows Jayantha Rajapakse, Chairman of Unipower being presented an award and certificate by B. Wijayaratne ,  

DHL records double-digit CO2 efficiency improvement in Asia Pacific in 2014

DHL Express, the world’s leading cross-border express services provider, has improved its carbon efficiency year-on-year in Asia Pacific despite a growth in volume of about 10 percent.

Rathmal now available in baby soap

Rathmal baby soap, the ideal product to wash away microbes from babies is now available at Stores Island wide.  Since ancient times, Rathmal immersed in water, 

“Daniel’s Golden BOPF” & “Rasata kahata” enter Sri Lankan market

Leading the fastest growing tea exporters in Sri Lanka, the Chelcey Tea Company makes its presence felt in the local market with the launch of Daniel’s premium quality tea. 

Why we must say no to sexism at work place

For years, sexism at work place has been a constant reminder to women that they must put up with a ‘mere male’ agenda – sexist jokes, remarks and even gestures bordering on the obscene have been tolerated by women in the work force for decades.

Removing barriers to trade to promote women’s participation in spice and coir value chains

Over the years, spice and coir industries in Sri Lanka have built an international reputation in supplying of premium high-quality products to the world market. 

Lanka Transport obtains highest price for ‘F.F.E.X. Special’ tea

?Ratnayake Tea Factory owned by Lanka Transport Private Limited in Deniyaya was able to obtain the highest price for ‘F.F.E.X. Special’ tea at the Colombo tea auction held last week. A maximum price of Rs.4,900 was received for one kilogramme of tea produced by the factory. 

‘Teanomics’ reveals the way forward strategy at TEA AGM

The Tea Exporters’ Association (TEA) held its 16th Annual General Meeting (AGM) at Cinnamon Grand hotel recently, amidst a great number of distinguished guests and fellow members of the tea trade. 

Plantation crisis and the challenges ahead: Over to you Mr. Minister

The presidential election is over. It was followed by the parliamentary elections and a new Parliament was elected. For the plantations, this should mean changes for better. Former Plantations Minister Lakshman Kiriella will assume office in a new ministry. W

HBL opens 2 branches in 2 days

HBL, the largest bank in Pakistan, has had a history in excess of 65 years in Sri Lanka; the bank recently added a branch in Wellawatte to its portfolio. 

StanChart introduces two offers for cardholders

?Standard Chartered (StanChart) has two great propositions for its credit cardholders. The first is an opportunity to convert any transaction into a 12-month plan at 0 percent interest and the second is an easy payment scheme up to 60 months at a range of merchant establishments. 

Sampath launches ‘Ithurum Siththam’ competition for Children’s Day

Reiterating its commitment to the country’s future and establishing a solid foundation for the future leaders of the nation, Sampath Bank is introducing ‘Sampath Ithurum Siththam’ to celebrate the World Children’s Day on October 1, 2015.

China tightens capital controls after devaluation: reports

AFP: China is tightening capital controls following a devaluation of its yuan currency, media reports said, as worries about financial outflows rise.

Asian Alliance Insurance wins Asia’s ‘Innovation of the Year’ prestige

Asia Insurance Awards, the premier regional event of the year which recognises and salutes excellence in the insurance sector, has announced that Asian Alliance Insurance has been awarded ‘Innovation of the Year’ finalist at the 19th Asia Insurance Industry Awards 2015.

SLASSCOM appoints Mano Sekaram as Chairman

?99X Technology Co-Founder and CEO Mano Sekaram was appointed as the Chairman of the Sri Lanka Association of Software and Service Companies (SLASSCOM) for 2015/2016 at its Annual General Meeting (AGM) held last week.

Stax to present investment opportunities in resurgent Sri Lanka on global platform

Stax Inc., a global strategy consulting firm, is set to highlight and present the Sri Lankan advantage at an event tagged ‘Investment Opportunities in Resurgent Sri Lanka’ in collaboration with the Singapore Sri Lanka Business Council (SLBA),....

Games.LK-Dialog partner for Counter Strike League Season 8

?Gamer.LK, Sri Lanka’s largest online gaming community, has partnered with Sri Lanka’s premier connectivity provider Dialog Axiata PLC to enable fast access for Season 8 of its popular Gamer.LK Clans Counter Strike League, one of the most popular online gaming leagues in Sri Lanka. 

ICRA assigns EAP Broadcasting BBB rating

?EAP Broadcasting Company Limited (EBC), a unit of the EAP group, has been assigned a rating of (SL) BBB by ICRA Lanka Limited, a wholly-owned subsidiary of ICRA Ltd, a group company of Moody’s Investor Services. 

Barriers to women’s economic advancement rife in South Asia, with reform efforts lagging: WBG report

?Women in South Asia continue to trail their peers in many other parts of the world, as discriminatory laws thwart their economic advancement, says the World Bank Group’s (WBG) Women, Business and the Law 2016 report.

SriLankan Airlines appoints new CEO

SriLankan Airlines announced the appointment of Capt. Suren Ratwatte as the airline’s new Chief Executive Officer, with effect from October 2015. Capt. Ratwatte is an Airline Pilot with over 30 years of experience in the field whose first appointment was with SriLankan’s predecessor, Air Lanka in 1984. 

Nimal Perera bags first PLC for himself

Royal Ceramics PLC Managing Director and high net worth investor Nimal Perera yesterday bought the controlling shareholding of Kalamazoo Systems PLC, a provider of printing solutions for Rs.36 million. 

Rupee trades at near record low

The Sri Lankan rupee traded near its all-time low yesterday and was on track for a fifth straight decline as demand for dollars by importers outpaced selling of the greenback by exporters, dealers said.

IMF team in town

IMF Mission Head Todd Schneider, IMF Sri Lanka Resident Representative Eteri Kvintradze and IMF Economists Jiri Jonas, Manuk Ghazanchyan and Mame Astou Diouf called on Finance Minister Ravi Karunanayake to evaluate the progress of the 2015

Sri Lanka’s national budget process ranked among the worst

The national budget process of Sri Lanka is one of the worst in the world, and is only above Nepal in South Asia, Verite Research Executive Director Dr. Nishan De Mel said at the global launch of The Open Budget Survey 2015.