Macksons Care launches OXYjet face and body machine

Another venture by Macksons Holdings, Macksons Care (Pvt) Ltd was launched as a provider of state-of-the-art facial and body care equipment. 

Maliban excels at 14th CNCI Achiever Industrial Excellence Awards

Malian Biscuit Manufactories was placed at the helm of success at the 14th CNCI Achiever Industrial Excellence Awards organized by the Ceylon National Chamber of Industries. 

EAP Films and Village Cinemas join to set up JV in Sri Lanka

?Tuesday 08th September 2015: Village Roadshow of Australia and EAP Group of Sri Lanka signed up an MOU through which Village Cinemas and EAP Films and Theatres Ltd will jointly look at opportunities to develop modern cinema multiplexes in Sri Lanka.

Sonali showcases her acushla collection at Ms. England Contest

?Sonali Dharmawardena is both an artist and a designer. She ventured using the medium of batik, a heritage art of Sri Lanka into her line of couture for both fashion shows and on a retail line.

Colombo Port container handling volumes up

?Container handling progressing at Colombo International Container Terminal (CICT) on a gloomy evening in the backdrop of temporarily halted Colombo Port City project.  

Amex guarantees rewards of Rs. 10,000 this September

?Nations Trust Bank American Express has reintroduced the popular ‘20 Day Challenge’ to their American Express Cardmembers, offering guaranteed cash back reward of Rs. 10,000 this September. 

Central Bank receives US $ 1.1 bn from RBI

?Consequent to the signing of a special currency swap agreement for US$ 1.1 billion by Central Bank of Sri Lanka (CBSL) with the Reserve Bank of India (RBI) on 17 July 2015, the CBSL has received US$ 1.1 billion last week. 

Interblocks and West International launch new electronic payment processing system

Interblocks Ltd and Sweden-based West International recently launched an innovative electronic payment processing system aiming at increasing credit and debit card purchases by over tenfold in Sri Lanka through the availability of infrastructure.

NDBIB arranges Rs. 1 bn for Resus Energy Group

NDB Investment Bank Limited (NDBIB) continued to establish itself as the leader in the investment banking space by providing corporate advisory services especially with regard to structuring M&A transactions which include Management Buy Outs (MBOs)...

Pan Asia Bank expands head office premises

?Pan Asia banking Corporation PLC recently further expanded its head office premises to serve its growing customer base and business volumes. 

IFC to help Sanasa Bank uplift small businesses and cooperatives in rural sector

IFC, a member of the World Bank Group, will provide advisory services to Sanasa Development Bank as it expands to include more micro and small businesses, cooperatives, and retail clients.

Sunshine Healthcare deploys Axienta’s mobile enterprise solutions

?Having started their journey 48 years ago Sunshine Healthcare Lanka Ltd has emerged as a strong market leader in the pharmaceutical business.  

Intel introduces 6th Generation Intel Core processor family

?Intel Corporation introduced the 6th Generation Intel Core processor family, the company’s best processors ever. The launch marks a turning point in people’s relationship with computers.

MillenniumIT adjudged Microsoft’s Country Partner for year 2015

?Financial software and technology solutions provider MillenniumIT received the Microsoft Country Partner of the Year 2015 award at the recently held ‘Worldwide Partner Conference’ in Orlando, Florida.

Colors Mobile brings alive all four human senses

The time when a mobile phone was just used for making or receiving a call was long gone by. We are now living in a digital era where smart phones have taken the command of our social lives

Subsidies not the way forward for any industry: Harsha

Subsidies given to industries will not be sustainable in the long run and there will be winners and losers in capitalism, ruling coalition parliamentarian and economist Dr. Harsha de Silva said at the Tea Exporters’ Association Sri Lanka (TEA) AGM held recently.

Hayleys share dips with employees’ shares coming in

The share price of Hayleys PLC yesterday took a dive with the shares of the company’s Employee Share Trust distributed among Hayleys employees coming into the market.

Sri Lanka’s Internet and email subscriber base up 24% in 1Q

Sri Lanka’s Internet and email subscriber base including mobile broadband services has increased 23.6 percent to 3.6 million at the end of the first quarter of 2015 compared to the same period of the previous year.

Pan Asia Bank announces Rs.4bn debenture issue

?Pan Asia Banking Corporation PLC (PABC) yesterday announced the opening of its Rs.4 billion senior debenture on September 23, the second such debenture issue by the lender in 12 months. 

Exercising of JKH 2015 warrants begins from Sept. 29

?John Keells Holdings PLC (JKH) yesterday informed the company’s warrant holders dated May 26, 2015 that the exercising period of their warrants will commence on September 29, 2015 till the expiration date of November 12, 2015.

Orient Finance gets CB nod for IPO

?Orient Finance, formerly known as Bartleet Finance, has received the Central Bank’s (CB) nod to list its shares in the Colombo Stock Exchange. 

Rupee ends weaker on importer dollar demand

?REUTERS: The Sri Lankan rupee ended slightly weaker yesterday, following a 3-percent decline in the previous session, as late importer dollar demand outpaced early exporter dollar sales.

Hydropower energy generation soars in first 5 months

Blessings from the weather gods helped the local energy sector’s production capacity shoot up within the first five months of 2015, saving the nation from having to further widen its trade deficit by importing more oil.

Kiddies & Toys appoint Delmege Healthcare as Farlin distributor

Delmege Healthcare of Delmege Forsyth & Co, one of Sri Lanka’s best known and trusted name has been appointed by Kiddies & Toys International (KTI) recently to handle the distribution of Farlin throughout Sri Lanka. 

A third door in LG double door refrigerators

?Abans, the sole agent for LG home appliances in Sri Lanka, has just launched LG Double Door Refrigerators with Door-in-Door feature which was hitherto unique only in LG Side-by-Side refrigerator models.

New Lloyds brings Instant Lasagne Kotthu for Sri Lankan food lovers

New Lloyds, a brand which has won the hearts of many for more than 35 years, introduced their newest product,..

President visits Facets 2015

?T?he 25th Intentional Gem and Jewelery Show ??- FACETS Sri Lanka 2015? ??organized by Sri Lanka Gem and Jewellery  Association at the BMICH? drew a large crowd. 

Eric Rajapakse Opticians opens high-tech outlet in Kadawatha

Eric Rajapakse Opticians’ latest showroom in Kadawatha is equipped with the latest refraction and tonometer facilities, providing complete eye examinations inclusive of eye pressure testing. 

Suncity Developers breaks ground for luxury Prestige apartments

?Suncity Developers announced that is has started vertical construction of its new luxury apartment complex at St. Anthony’s Road, Colombo 3. 

More from less: Making resources more productive

The struggle to make the most of the world’s resources has many fronts—something worth remembering even as headlines trumpet the supposed end of the “commodity supercycle.”