Sri Lanka attends GOSS Private Equity, Risk Management Annual Joint Conference

The second GOSS Private Equity and ninth Risk Management Annual Joint Conference was held on 30 – 31 July 2015 at St. Regis Hotel in Singapore.  National University of Singapore (NUS) Risk Management Institute (RMI) is one of the leading pioneers of financial risk management research in Asia. 

Union Assurance records steady progress up to 1H 2015

Union Assurance PLC (UA) recorded a steady growth in Gross Written Premium (GWP) and profits as at the end of the 2nd quarter of 2015. 

Nawaloka Hospitals recognized at CMA Excellence in Integrated Reporting Awards

Nawaloka Hospitals was recognized by the Institute of Certified Management Accountants (CMA) of Sri Lanka for Excellence in Integrated Reporting at their inaugural awards ceremony held recently at Hotel Cinnamon Lakeside. Nawaloka Hospitals

HDFC Bank 1H profits up 49% to Rs. 276 mn

Housing Development Finance Corporation Bank of Sri Lanka (HDFC Bank) has recorded Rs. 388.9 million profit before tax (PBT) in the 1H of the year 2015 as against Rs. 310.5 million in the corresponding period of 2014, an increase of 25 percent.

Lankan startups impress investors at MIT-GSL ‘Demo Day’

After seven weeks of intense brainstorming guided by international and local trainers and mentors, seven prospective Sri Lankan startups pitched their ideas and business plans to a panel of investors in Colombo recently, bringing to a close the 2015 MIT 

Holcim Lanka distributors tour Prague

Holcim Lanka, part of the global Holcim group, treated its distributors for an overseas trip to Prague from 2nd to 7th August 2015. This is one more way for Holcim Lanka to demonstrate its appreciation to its distributors for their valuable contribution for the company. 

Keells’ top brands mark presence at Maldives FHAM Culinary Challenge

Processed meat manufacture of Sri Lanka, Keells Food Products PLC partnered with Food and Hospitality Asia Maldives (FHAM) Culinary challenge organized by Dhivehi Expo Services Pvt Ltd recently.

Lanka Aluminium opens showroom in Gampaha

Lanka Aluminium Industries PLC – the manufacture of quality powder coated aluminium extrusions opened its newest showroom in the fast expanding city of Gampaha recently. 

Hayleys Consumer appointed sole representative for Roland and Colorjet large format printers

Apsom India, regional agent for world renowned Roland & Colorjet links up with Hayleys Consumer for its large format Inkjet printers.  Hayleys Consumer has been in the forefront of the imaging and print industry for over 4 decades, representing world class brands such as Xerox and Fujifilm to 

Travel and Tourism Competitive Report and Index 2015

The World Economic Forum has for the past decade carried out some in-depth analysis of the Travel and Tourism Competitiveness (TTC) of economies around the world, and published a comprehensive useful report every two years. 

OPPO celebratesits first Sales Launch with Fans at Majestic City

OPPO celebrated its official launch in Sri Lanka on the 15thAugust with a splashy showcase of its newest smartphone releases, the R7 Lite and the R7 Plus, at Majestic City. The launch kicked off with a bang thanks to an energetic surprise flash mob that got everyone’s attention, and the rest of the event was a blur of flashy models, fun games and of course, loads of facts about OPPO and the company’s impressive history. 

findmyfare.com’s Insta Booking Challenge offers big wins

Sri Lanka’s largest online travel company, findmyfare.com recently launched its Insta Booking Challenge which will now give you the opportunity to provide the comfort and security of a home to those in need across Sri Lanka. 

SLCB promotes Sri Lanka’s MICE prospects at IBTM China

With China becoming a prominent tourism generating market for Corporate Meetings and Incentives, Sri Lanka Convention Bureau (SLCB) in its efforts to promote MICE from China, made an effective presence with SriLankan

ASMET congratulates Premier

The Association of Small & Medium Enterprise in Tourism Sri Lanka (ASMET) congratulates Ranil Wickramasinghe, Leader of the United National Party on being re-elected as Prime Minister, following the victory the United National Front for Good Governance at the last General Election.

Safari International promotes Sri Lanka at Thai tourism exhibition

By Pushpakumara Jayarathna Sri Lanka was represented at the 17th International  Exhibition on Tourism held in Bangkok Thailand, by Safari International Company Limited,

Converting the informal to the formal

A recent newspaper report stated that the Tourism and Sports Ministry is currently formulating a plan to bring the informal accommodation sector under regulation. 

Janashakthi Insurance in Rs.3.3bn cash call

Janashakthi Insurance PLC announced that it would be opting to raise Rs.3.36 billion through a rights issue to finance its insurance business expansion.  Accordingly, one new share will be issued for every two shares currently held, for a total of 181.50 million shares at a rate of Rs.18.50 per share. 

Bansei Hikkaduwa largest shareholder divests interest

A change has taken place in the shareholding of Bansei Royal Resorts Hikkaduwa PLC, with largest shareholder Channa de Silva divesting most of his shares.

Shares fall from 7-month closing high on retail selling

REUTERS: Sri Lankan shares ended weaker yesterday, moving away from more than seven-month closing high hit in the previous session, on profit-taking by some retail investors.

Nawaloka Hospitals 1Q16 profit up 23% amid improved top line performance

Leading private healthcare institution Nawaloka Hospitals PLC saw its June net profit (1Q16) increasing 23 percent year-on-year (yoy) amid better top line performance. 

Sri Lanka seeks Murban crude oil term cargoes for first time

REUTERS: Sri Lanka’s Ceylon Petroleum Corp (Ceypetco) is seeking Murban crude oil term cargoes for the first time, after buying the oil in the spot market recently, industry sources said yesterday.

ComBank rated Most Respected Bank for 11th consecutive year

The Commercial Bank of Ceylon has been rated the most respected bank in Sri Lanka for the 11th consecutive year and the second ‘Most Respected’ corporate entity in the country overall for the fifth successive year in the 2015 LMD rankings of the Most Respected Entities in Sri Lanka.

Tea broker suggests 5-point strategy to regain dominance

In the backdrop of a failing tea industry with both Colombo Tea Auction prices and unsubsidized prices of tea leaves falling below 2011 levels and plantation companies running at losses, 

S-lon rewards passionate plumbers in Horana

Inspiring plumbers across Sri Lanka in their drive to encourage excellence and hard work in the industry, S-lon took its Plumber Educational Program to Horana (Kalutara Region) recently. This grand event was organised to educate the plumbers by conducting informative and interactive knowledge sharing session to further uplift their profession and also to recognize selected hardworking plumbers in the region, for their passion, with incentive rewa

Hirdaramani’s Leadership Development Programme (LDP) continues to support the development of employe

hursday 20th August 2015, Colombo: The Hirdaramani Group recently held a graduation ceremony to recognize employees who successfully completed the company’s 2014/2015 Leadership Development Programme (LDP). At the event, special awards were presented to high performers who excelled in the programme, and the fourth edition of the LDP was launched for a new batch of over 200 employees.  The Hirdaramani Leadership Development Programme wa

Leo Burnett successfully completes third Masterclass programme for industry interns

?Thursday 20th August 2015, Colombo: Leo Burnett Solutions Inc., (LBSI) the local office of the global advertising network Leo Burnett Worldwide, recently completed its third Masterclass programme for 13 industry interns. The intensive five-week internship which is heralded as the only programme of its kind in the industry, culminated with a graduation ceremony which was attended by the agency’s senior management and several partners of the

Serendib Flour Mills Silver sponsor of Pro-Food Pro-Pack Exhibition

Serendib Flour Mills recently extended its support to the Pro-Food Pro-Pack Exhibition as the Silver sponsor of the event for the second consecutive year. 

CIMA signs MoU with Wayamba University

?CIMA Sri Lanka signed a Memorandum of Understanding (MoU) with the Department of Accountancy, Wayamba University recently. 

CCC Solutions to hold professional networking to empower Central Province SMEs

?CCC Solutions, a fully-owned subsidiary of the Ceylon Chamber of Commerce (CCC), together with CA Sri Lanka and German Development Corporation (GIZ) will hold a one-day programme in Kandy to help empower small and medium enterprises (SMEs) in the Central Province.

SLIM holds open day for CIM students

Sri Lanka Institute of Marketing (SLIM), the national body for marketing in Sri Lanka and the country’s longest standing accredited study centre for Chartered Institute of Marketing (CIM, UK)...