Ceylinco Life begins search for more young achievers

As the search begins for candidates for the next batch of ‘Pranama’ scholarships presented annually by Ceylinco Life,

Revenue and room inventory up; momentum continues for Citrus Leisure

Citrus Leisure PLC recorded a revenue increase of over 200 percent in 1Q FY2016 compared to 1Q FY2015 as Waskaduwa Beach Resort contributed Rs.100 million to the top line, accounting for 62 percent of total revenue.

Sri Lanka enters sports tourism with golf and surfing

The global sports tourism business, which is defined either people being involved, observing or participating in a particular sport for leisure,

Emirates announces service to Panama City

Emirates, a global connector of people, places and economies, has announced its plans to launch services to Panama City

Etihad offers pilots on secondment opportunity to fly A380, B787 as permanent crew

Etihad Airways, the national airline of the United Arab Emirates, is offering pilots seconded from partner airlines the opportunity to transfer to permanent contracts,...

Air freight slowdown continues

The International Air Transport Association (IATA) released data for global air freight markets showing a slowdown in growth for air cargo demand in June.

Singapore Airlines ‘Light Up The Night Carnival’ returns as two-day event

The Singapore Airlines (SIA) Light Up The Night Carnival is returning as a two-day event over August 22-23, 2015, ...

Mercantile Investments expands branch network

Having made a significant progress especially in the financial year 2014/15, Mercantile Investments has made a substantial performance in providing financial solutions within the industry.

Poll outcome fails to ignite bourse

Yesterday’s general election results failed to excite the Colombo bourse—except a short-lived spike in the morning hours—

NBQSA launches online scoring system for first time in Sri Lanka

?The National Best Quality ICT Awards (NBQSA) competition will mark its 17th anniversary this year. It was introduced by the BCS, The Chartered Institute for IT Sri Lanka Section (BCSSL) to showcase local talent and provide opportunities to take their products to the international market.

Holcim Lanka distributors tour Prague

?Holcim Lanka, part of the global Holcim group, treated its distributors for an overseas trip to Prague recently.

Atlas introduces school back packs

?Atlas believes in encouraging children to realise their potential and believes that a better future can be unlocked through education. Atlas demonstrates its vision by providing quality user-friendly tools (school and office stationary)... 

Godrej moves up in Forbes’ Most Innovative company list

?Godrej Consumer Products Limited yet again trail-blazed its way into the Forbes’ list of ‘The World’s 100 Most Innovative Growth Companies 2015’ as the ‘Most innovative FMCG Company’, significantly improving its position over the previous year. 

JAT forms subsidiary to strengthen new portfolio

?As part of a major diversification process, JAT Holdings embarked on opening up a new subsidiary to the company’s portfolio by introducing Esteem Plantations (Pvt.) Ltd. 

Nithyakalyani Jewellery and Rotary Club organize blood donation camp

?Wellawatte Nithyakalyani Jewellery together with Rotary Club of Colombo East organized a mega blood donation campaign recently. 

Kanrich Finance helps Dhamma School in Kahatapitiya Viharaya

Kanrich Finance has launched a movement, the primary aim of which, is to assist Buddhist  Institutions. Titled “Sasunata Diriyak” (Helping Buddha Sasana), this Progarmme has come into being in terms of a concept of Shiran Wirasinghe...

Swadeshi Khomba illuminates Kiri Vehera & Ruhunu Kataragama Devalaya

?The 2015 Esala festivals of the Kataragama Kiri Vehera and the Ruhunu Kataragama Maha Devalaya, two important places of worship in Sri Lanka, are being illuminated by the Swadeshi Industrial Works PLC.

Hadigalla Janapada Vidyalaya gets computer lab under ‘E-Thilina’ initiative

?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 Hadigalla Janapada Maha Vidyalaya, Baduraliya recently. 

Young Members Forum helps teenage mothers and infants

?The Young Members Forum of the Ceylon Chamber of Commerce, in view of the International Youth Day that fell on August 12th, conducted a program at the Sarvodaya Suwasetha Sewa Society in Moratuwa. 

Why are we so afraid of India?

In recent days, important voices have been raised about the dangers of completing the Comprehensive Economic Partnership Agreement (CEPA) with India and constructing a land bridge between the two countries.

Can outside forces drag down Asia’s growth?

?Asian economies are slowing down a bit amidst increasing uncertainty.  On one hand, growth in Japan and the US is weak now but expected to get stronger, eventually buoying exports for developing Asia. 

Yuan slide seen adding to StanChart’s Asian challenges

?REUTERS: Already faced with a battle to revive the fortunes of banking group Standard Chartered , new Chief Executive Bill Winters is now confronted with another challenge in the shape of China’s yuan devaluation.

LOFC relocates Ambalangoda branch to support increased business portfolios

?Due to the increased demand for its services, Lanka ORIX Finance PLC (LOFC) moved its existing branch in Ambalangoda to a new and spacious location at the New Road, Ambalangoda recently.

DDFC re-launched as Sarvodaya Development Finance

?Deshodaya Development Finance Company Ltd (DDFC), a subsidiary of the Sarvodaya Economic Enterprise Development Service (SEEDS) has been re-launched as Sarvodaya Development Finance Limited. 

ComBank honoured at Asia’s Best Employer Brand Awards

?Commercial Bank’s status as one of the best employers and HR practitioners in Sri Lanka was reaffirmed recently with two international awards at the 6th Asia Best Employer Brand Awards in Singapore.

MBSL records Rs.92 mn turnaround 2Q net profit

?Merchant Bank of Sri Lanka & Finance PLC (“MBSL” or the “Company”) demonstrated a remarkable turnaround in performance during the quarter ending 30th June 2015 to record a net profit of Rs.92.44 million, compared to a loss of Rs. 30.26 million in the corresponding quarter of last year. 

LOLC’s ‘Al-Falaah Takaful’ celebrates successful first year

?“Al-Falaah Takaful”, the Motor Takaful window operated by LOLC Insurance Company Limited celebrated a successful and promising first year in the fast expanding Takaful industry.  

Yamaha Waverunner partners with Colombo Fashion Week Swim

Yamaha, the leading global watercraft manufacturer, partners with Colombo Fashion Week (CFW) Swim. Coming in as the official watercraft partner, Yamaha showcased its range of leisure products and services, which will complement the swimwear collections with style, adventure and panache.

BMW looks at whether Google’s Alphabet infringes trademark rights

?REUTERS: BMW recently said it was looking into whether Google infringed any trademark rights after the Silicon Valley-based group set up a new company called Alphabet, which is also the name of a BMW subsidiary.

GM’s Cadillac targets 500,000 annual global vehicle sales by 2020

?REUTERS: General Motors Co. luxury brand Cadillac aims to increase its annual sales to half a million vehicles worldwide by 2020 from an expected 275,000 this year, Cadillac’s top executive said.