Nivasie Developers recognised at Construct 2015

?Nivasie Developers Malabe (Pvt.) Ltd Managing Director Herman Gonsal received an award from President Maithripala Sirisena during the inauguration ceremony of Construct 2015 exhibition at the BMICH. 

Sri Lanka wins bid to host PATA Annual Summit

?Sri Lanka has been selected to host the Pacific Asia Travel Association (PATA) Annual Summit in 2017 in response to the bid submitted by Sri Lanka Conventions Bureau (SLCB).

Union Bank Wellawatte branch gets new look

?Union Bank of Colombo PLC recently extended its new look and design to its Wellawatte branch located at Galle Road Colombo 06  to provide customers a redefined banking experience. 

Eagle Supply Chain Forum a success

Eagle Supply Chain Forum was held recently at Mahaweli Kendraya with 140 participants from over 100 different corporate companies in the island. 

MasterCard indulges cardholders with revived spa packages

?MasterCard announced its partnership with the Azmaara Spa at Cinnamon Lakeside and the Ariyanna Wellness Spa at Waters Edge. 

Fitch rates BOC’s Subordinated Debentures Final ‘AA(lka)’

 Fitch Ratings has assigned Bank of Ceylon’s (BOC; AA+(lka)/Stable) proposed up to Rs.8 billion of subordinated debentures a final National Long-Term Rating of ‘AA(lka)’.

HNB and Senok introduce mega leasing promo for Audi cars

?Hatton National Bank (HNB) PLC has joined hands with Senok Automobile Private Limited to offer an unmatched leasing package to buyers of Audi cars.

Etisalat announces Denumai Millionayai Season 1 grand winner

?Etisalat Lanka recently announced the grand winner of the much anticipated Denumai Millionayai Season 1 SMS-based quiz competition at the Etisalat flagship store in Colombo.

Asian Alliance Insurance expands network with Panadura branch

?Asian Alliance Insurance has expanded its General Insurance branch network by opening a branch in Panadura, thereby providing enhanced access to its customers in the area.  

Laugfs Petroleum conducts outbound programme for service excellence

?Laugfs Petroleum (Pvt.) Ltd recently concluded another successful session of a series of outbound training programmes for its employees at the picturesque National Training Centre (Green Centre) in Tholangamuwa.

Bandara Industrial Services to supply HealthyFla bulk packages

Encouraged by the increasing demand for HealthyFla ‘Haal Paan Piti’ 100 percent rice flour, Bandara Industrial Services (Pvt.) Ltd will be distributing 10 kilogramme and 25 kilogramme bulk packages in the market islandwide very soon targeting bakeries, hotels and retail outlets.

National Chamber conducts seminar on Electronic Payments

The National Chamber of Commerce of Sri Lanka together with  LankaClear (Pvt) Ltd, the National Payment Network Operator (LankPay) will  present a seminar/forum on “ Electronic Payments to Power up the Digital Era of Business”...

Uva Highlands sets all-time record price for Uva BOPF grade

At the Colombo Tea Auctions held on 2nd September, Uva Highlands Estate had the distinction of establishing an all time record price of Rs.1350- per kilo for a BOPF grade from the Uva Planting District. 

Rupee falls over 3% to record low; shares weaker

REUTERS: The Sri Lankan rupee fell more than 3 percent to a record low of 139.00 per dollar yesterday after the Central Bank effectively floated the currency by ceasing to quote its own reference rate.

China punishes three firms blamed for stock volatility

AFP - China’s market regulator has fined three companies, including Alibaba-linked Hundsun, a combined 453 million yuan ($71 million) for conducting “illegal securities business”, which has been blamed for volatility on the plunging markets.

ECB cuts growth, inflation forecasts for 2015-2017

AFP - The European Central Bank this week cut its forecasts for both economic growth and inflation in the single currency area over the next few years. The ECB, 

Eastern Economic Forum

Russian President Vladimir Putin addresses the Russia’s first ever Eastern Economic Forum (EEF) in Vladivostok yesterday. AFP

Most Asia stocks down as US jobs come into focus

AFP - Japanese stocks led a broad Asian stock slide yesterday as the yen advanced ahead of a key US jobs report later in the day and after the European Central Bank indicated it could expand its stimulus.

S&P rates Iraq for first time

AFP - American financial service company Standard & Poor’s issued war-torn Iraq a credit rating for the first time Thursday, with the country’s conflict with Islamic State militants and low oil prices giving it a junk score.

AIGS and Lotus launch “Take-in Window”

Gemstone dealers will soon have the convenient facility of obtaining internationally recognized gemstone reports in Colombo with the launch of the new “Take-in window” by the Gemological Institute of Ceylon, 

China’s Bohai to buy jet lessor Avolon in $7.6 bn deal

AFP - Chinese leasing company Bohai will buy Irish jet lessor Avolon in a deal which values the company at $7.6 billion, according to a statement, as Beijing pushes its companies to search overseas for future growth.

Germany adds zest to Ceylinco Life’s ‘Family Savari 9’ promo

Ceylinco Life has stimulated fresh interest in its ‘Family Savari’ mega promotion with the announcement that five policyholders and their families will win an all-expenses-paid holiday in Germany as the grand prize of the 2016 edition of this annual extravaganza. 

SLIIT joins hands with ACL Cables

ACL Cables PLC, the number one cable company in Sri Lanka, recently signed a Memorandum of Understanding (MoU) with the Engineering Faculty of the 

The Factory Outlet launches ‘TFO Club’ loyalty programme

The Factory Outlet (TFO), a growing name in the Sri Lankan clothing industry, recently announced the launch of a tailored ‘TFO Club’ loyalty programme, along with plans for multiple store openings within the next 24 months. 

Siddhalepa sales force awarded Gold at Annual Sales Conference 2015

Siddhalepa, one of the largest distribution networks of the country, held its annual sales conference recently at Stein Studio, Ratmalana. The best achievers were awarded gold and cash prizes by Siddhalepa Group Chairman Deshabandu Dr. Victor Hettigoda.

ComBank supports ‘Construct 2015’ as official banker

Commercial Bank (ComBank) supported Sri Lanka’s construction sector as the official banker to ‘Construct 2015’, one of the largest construction sector exhibitions in the South Asian region.

CIM Toastmasters Club reaches 7th milestone

CIM Toastmasters Club stepped into the seventh successful year by installing its newly appointed Executive Committee for the Toastmaster year 2015/2016 recently, amidst a distinguished gathering of invitees from Chartered Institute of Marketing

Lankem patronage for ‘Robbialac Nil Ahase Wasanthaya’

This year’s National Kite Festival and Competition enjoys the premier patronage of Lankem Paints Ltd, manufacturers and marketers of Robbialac Paints.  This mega event organised by Kite Sri Lanka, has been aptly named ‘Robbialac

Northshore College joins hands with Adyapana 2015

Education will take you to places and this October, education invites you to the BMICH to give you the ‘passport to your future’, where Sri Lanka’s most focused higher education and career exhibition Adyapana 2015 will be held for the 10thconsecutive year on October 2, 3 and 4, 2015 at the BMICH, Colombo. 

Tommy Hilfiger launches Rafael Nadal global brand ambassadorship with tennis tournament

Tommy Hilfiger and Rafael Nadal celebrated the brand’s new underwear collection, ‘TH Bold’ fragrance and tailored collection and unveiled the Fall 2015 ad campaign featuring the tennis icon, with a pop-up tennis tournament in Bryant Park recently.