Plantations want govt. help to wade through present crisis

The Regional Plantation Companies (RPCs) are requesting the government to provide them with some breathing space to get through the current crisis in the tea sector, as the RPCs are set to post collective retained losses of Rs.11 billion by the end of this year.

IFS to showcase ‘IFS Applications 9’ for South Asia in Sri Lanka

IFS South Asia, will be unveiling the latest core version of IFS’s extended enterprise applications suite, IFS Applications 9, at a knowledge forum hosted by the company on the September 2, in Colombo. 

BBDO Lanka marks anniversary cheering Sanga in farewell test

?BBDO Lanka celebrated its 4th anniversary by cheering for Kumar Sangakkara at his farewell test and rewarding every 4 he hit in the match with a contribution to his charitable initiative ‘Bikes for Life’. 

Baur launches latest Smarty Sunglasses collection

?Baur Asia Pte. Ltd., launched the latest collection of Smarty Sunglasses at the Distributor Conference held at Mount Lavinia Hotel on 21st , 22nd and 23rd  of August. 

JLanka Technologies sponsors 2nd Annual International Energy Conference

In today’s world Energy has become an extremely debatable topic for everyone over the last couple of decades, with reasons for world’s energy concerns ranging from environmental to political to financial. 

CTC recognized among Top 10 Most Respected Entities

Ceylon Tobacco Company (CTC) has been ranked amongst the Top 10 Most Respected Entities in Sri Lanka in the annual LMD rankings for 2015.  This is the second consecutive year the Company has been listed among the top ten entities in the country.

Ideal Motors ties up with Vallibel Finance; offers special deal for Mahindra

?Vallibel Finance and Ideal Motors, the sole agent in Sri Lanka for Mahindra have partnered, presenting a special bundle offer to new Mahindra customers. 

Abans Engineering recognized for meeting highest quality standards

Abans Engineering (Pvt) Ltd, a subsidiary of Abans Group of companies,  received recognition  for its continuous  commitment for highest standards of quality service in Air Conditioning Industry, from Bureau Veritas Lanka (Pvt) Ltd, a world  renowned...

HNB wins award for Excellence in Training & Development

?Hatton National Bank PLC was awarded the “Excellence in Training & Development – Overall Award for Best Results Based Training” at the Asia’s Training & Development Excellence Awards 2015 held on 12 August in Singapore. 

Tomahawk to launch website

The number one bicycle brand in Sri Lanka, Tomahawk, will launch its newly designed website, showcasing their brand new range of bicycles. 

ComBank ATMs facilitate eZ Cash withdrawals

?eZ Cash Sri Lanka’s premier Mobile Money service partners with Sri Lanka’s largest private sector bank, Commercial Bank of Ceylon PLC, to give eZ Cash customers the ability to withdraw cash from selected ATMs island wide. 

ZPMC Lanka engages in port crane commissioning project in Qatar

ZPMC Lanka Company (Private) Limited; the joint venture between Shanghai Zhenhua Heavy Industries Company Limited of China and Access Engineering PLC, is engaged in a contract with ZPMC Abu Dhabi for commissioning of 26 Rubber Tired Gantry Cranes...

Turbulence in global markets: Systemic risks of a China slowdown?

“When China sneezes, does the world catch a cold?” is a question on the minds of investors, economics and world leaders this week, as recent troubles in the Chinese economy sent ripples through markets around the world.

Who spends most in Sri Lanka? European or Asian tourists?

Western Europe has been a key tourist market since the opening up of Sri Lanka to the world economy in 1978. Especially after the ending of the civil war in 2009, the strategic importance given to the tourism sector in the country has been rising. 

The ‘7 Star’ story - 7 years of promoting healthy living

Wednesday 26th August 2015, Colombo: Serendib Flour Mills has been nourishing the nation for seven years, by providing a range of specialized flour products that promotes healthy living. The celebrated ‘7 Star’ brand, embodies purity, innovation, quality,

Ussapitiya Rivisanda Maha Vidyalaya emerged winners at the 2nd S-lon Diyasara Student Circle Program

S-lon Lanka (Pvt) Ltd., with its single vision of identifying and delivering sustainable water management solutions to the nation for 58 years inaugurated the 2nd phase of the Diyasara Student Circle Programme at D.S. Senanayake College, Meerigama, Ussapitiya Rivisanda Maha Vidyalaya, Aranayake, Tangalle Girl’s School, Ananda Balika Vidyalaya, Hingurakgoda, Saddhatissa Maha Vidyalaya, Ampara, and Uva Paranagama Medawela Maha Vidyalaya.

SCOUTS WILL GATHER FOR THE 50TH COLOMBO CAMPOREE

Colombo 25th August 2015 —Over 3500 Scouts  and Cub Scouts from 55 troops and packs  will gather this weekend at Sasthrananda Vidyalaya, Dehiwala to participate at the annual gathering better known as the Colombo Camporee. Open to the public, the camporee offers an opportunity for scouts from the Colombo District to demonstrate skills ranging from traditional scout activities such as camping to new skills they will learn during th

Union Bank further expands ATM network

?Union Bank of Colombo PLC (UBC) is proud to announce the opening of five new ATMs in the Western Province, further enhancing its ATM network across the island. 

Aitken Spence Travels attracts nature, adventure tours from Spain

?Intensive marketing of Sri Lanka as an ideal destination for nature and adventures tours by Aitken Spence Travels has attracted a leading specialized tour operator from Spain to send two tourist groups to Sri Lanka this month. 

Beach Boutique reopens after multimillion rupee refurbishment

The Beach Boutique, located in Pamunugama, recently reopened its doors after a multi-million rupee refurbishment. 

CLC launches Islamic Finance

?Embarking on another revolutionary financial service provision, Commercial Leasing and Finance PLC recently introduced ‘CLC Islamic Finance’ with the purpose of meeting the financial needs of many existing and potential customers within the Sri Lankan community.

First Capital Holdings maintains momentum

?First Capital Holdings PLC recorded a consolidated profit after tax of Rs.176 million for the quarter ended June 30, 2015.  

Orix Finance to change name to LOLC Finance

?The shareholder nod has been obtained to change the name of Lanka Orix Finance PLC to LOLC Finance PLC, the company said in a stock filing. Lanka Orix Leasing Company PLC owns 90 percent of the equity capital of the company.

HSBC Sri Lanka wins Best Consumer Digital Bank Award 2015

?HSBC Sri Lanka has once again been recognised for its digital capabilities by winning the Best Consumer Digital Bank Award in Global Finance’s World’s Best Digital Bank Awards for 2015 (formerly known as the Best Internet Bank Awards) 

SampathCards offers reviving holiday deals

?Being ‘The Responsible Choice’ and dedicated to offering the best value-added benefits to cardholders, SampathCards has once again successfully identified and understood its cardholder’s needs this holiday season. 

Asian Alliance strengthens presence in Central Province

?Asian Alliance Insurance has opened a new general insurance branch in Kandy, thereby providing enhanced access to its customers in the Central Province and strengthening its presence in Kandy.  

Lanka IOC foresees higher bitumen demand with construction boom

?The country’s largest privately-held petroleum products distributor Lanka IOC foresees a pickup in the bitumen market with the restart of several government projects.

Shares fall to 1-month low on global sell off, margin calls

REUTERS: Sri Lankan shares fell to a near-one-month low yesterday as foreign investors exited risky assets on fears of a China-led global economic slowdown and panic selling by local investors for month-end settlements and margin calls.

Currency devaluation may not be good strategy for Sri Lanka: Harsha

?Sri Lanka’s former Policy Planning and Economic Development Minister Dr. Harsha de Silva says devaluation of the rupee may not be a good strategy for Sri Lanka.

Coalition government with two third majority credit positive: Moody’s

The establishment of a coalition government with more than a two thirds parliamentary majority will be credit positive for Sri Lanka, global rating agency Moody’s Investor Services said in a recent report.