National Chamber workshop on productivity improvement

A one-day Workshop in Sinhala on “Productivity Improvement Techniques for Manufacturing and Engineering Industries”

Registration now open for Ceramics & Glass Symposium

The Sri Lanka Ceramics & Glass Symposium organized by the Sri Lanka Ceramics & Glass Council is to be held on 12th & 13th August

Activated carbon producer Haycarb’s June net up 4%

The Hayleys group’s coconut shell-based activated carbon manufacturer,...

Lanka Hospitals gets new CEO

Deshantha Silva has been appointed as the Chief Executive Officer of state-controlled Lanka Hospital...

BoI negotiating US $ 4.5bn worth of investments: official

Sri Lanka’s state-run apex investment promotion agency the Board of Investment (BoI) is currently negotiating four foreign...

“Etihad Top Agents enjoy the First Ashes Test in Cardiff” 

Etihad Airways 5 top selling premium agents in Sri Lanka were invited for an exclusive experience to view the First Ashes Test match in Cardiff recently. The agents witnessed the opening ceremony of the Ashes series followed by some exciting cricket over the next 3 days. They enjoyed the Pro-Lounge hospitality suite where they were able to interact with former English cricketers and meet other cricket enthusiast. 

Fems appoints Pooja.G.Umarshankar as the Brand Ambassador

Fems sanitary napkins announced the appointment of Pooja.G.Umarshankar the inspiring popular female film artist and a women’s activist as the Fems brand ambassador on 14th July 20015 at a gala event held at the Kingsbury Hotel Colombo.

Swimwear identified as the strongest growth category in global fashion

Monday 03rd August 2015, Colombo: In the last decade, swimwear has been identified as one of the categories in the global fashion industry, with high potential for growth. The rising popularity of beach culture and water sports, ease of travel to beach destinations and the increasing attention to health and fitness in the era of social media, have all fuelled this growth.  This has taken swimwear from its summer-essential status and made it

Sunshine Holdings powers Sri Lanka Economic Summit as Platinum sponsor

?Diversified conglomerate Sunshine Holdings PLC will support this year’s edition of the country’s premier economic summit hosted by the Ceylon Chamber of Commerce (CCC), on the timely theme of ‘Towards exports of US$ 50 billion’, as the Platinum Sponsor.

Sri Lanka records 0.2% deflation for July

?Sri Lanka’s inflation measured by the change in the Colombo Consumers’ Price Index (CCPI), declined to -0.2 percent, on a year-on-year basis in July 2015, from 0.1 percent recorded in June 2015, the Census and Statistics Department data showed. 

MillenniumIT signs on as CA Sri Lanka Strategic Summit’s Gold sponsor

?Financial software and technology services company, MillenniumIT has come onboard as a gold sponsor to power the Strategic Summit, organized by the Business School of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). 

Global economic warfare and Sri Lankan elections

?The Nobel laureate economist, Sir Arthur Lewis argued that developing countries should orient more of their trade toward one another and move in the direction of economic integration. 

ISP interns’ fund raiser on Thursday

?Citibank, Unilever Sri Lanka and Virtusa have combined forces with the American Chamber of Commerce (AmCham) to carry out the ‘International Summer Programme’ (ISP)...

Major foreign debt restructuring move after elections

Interest rates on foreign borrowings will be brought down significantly via debt restructuring following the upcoming election, Finance Minister Ravi Karunanayake said.

People’s Bank finalizes 2020 strategic plan with MTI

?People’s Bank, after a six-month strategizing process in consultation with Bahrain-based MTI Consulting, has submitted the final draft of the 2020 strategic plan, for board approval. 

Ceylon Chamber’s ‘Aarthika Dishaanathiya’ to focus on ‘Fiscal Policy’ this week

?The Ceylon Chamber of Commerce, the country’s premier business chamber will line up three key political representatives from the Government and the Opposition to discuss Sri Lanka’s ‘fiscal policy’ on its ‘Aarthika Dishaanathiya’ TV program which is being conducted via Rupavahini.

JVP meets business community with ‘The Accord of the Conscience’

?When the Janatha Vimukthi Peramuna (JVP) met the representatives of the private sector as a prelude to introducing their manifesto ‘The Accord of the Conscience’, it was more than a mere historic meeting.

Seylan Bank 2Q net up by 54% over lower loan impairments, non-fund incomes

Seylan Bank PLC posted a net profit of Rs.1.05 billion for the quarter ended June 30, 2015 (2Q15) recording an increase of 54 percent from a year ago, while for the six months ended June 30, 2015 (1H15) the group made a net profit of Rs.1.72 billion...

Pan Asia Bank posts record first half after-tax profit of Rs.451mn

?Pan Asia Banking Corporation PLC has posted a record after-tax profit of Rs.450.7 million for the first half of 2015 fiscal year (1H15), recording an increase of 156 percent from the corresponding period last year. This resulted in an earnings per share of Rs.3.08, risen from Rs.1.20 a year ago. 

Dialog Television celebrates 500,000th customer

? Dialog Television, Sri Lanka’s premier direct-to-home satellite entertainment network, recently announced the major milestone of connecting 500,000 customers. 

JKH June net profit up 2%

Premier blue chip John Keells Holding PLC (JKH) saw its net profits improving only 2 percent for the quarter ended June 30, 2015 (1Q16) to Rs.2.2 billion from a year ago as the leisure, property and plantation segments recorded negative performances...

Movinta Future Tech brings next-gen home automation devices to Sri Lanka

?The irritating afterthoughts you get when you leave home for work or shopping is quite normal. Did I switch off the lights, the cooker? Did I set the security system? Are my children doing homework or playing computer games? 

Thomas Cook India buys Lankan travel firm

?Thomas Cook (India) Ltd recently said it bought Luxe Asia, a Sri Lanka-based destination management company through its wholly owned subsidiary, Thomas Cook Lanka (Pvt) Ltd.

New Zealand and Australia willing to invest more in Sri Lanka

Both Australia and New Zealand have expressed willingness to expand trade and investment with Sri Lanka. The High Commissioner for Australia in Sri Lanka, Robyn Mudie said they are focusing on three priority areas to invest;

Dr. Bollegala to deliver keynote speech at APSITT

?Dr. Danushka Bollegala will deliver a keynote speech at the 10th Asia-Pacific Symposium on Information and Telecommunication Technologies (APSITT) to be held at Cinnamon Lakeside, Colombo, on August 4th.

Fitch affirms Lion Brewery at ‘AA-(lka)’; Outlook Stable

?Fitch Ratings has affirmed Lion Brewery (Ceylon) PLC’s (Lion) National Long-Term Rating at ‘AA-(lka)’. The Outlook is Stable. The agency also affirmed Lion’s senior unsecured rating and the rating on its debentures at ‘AA-(lka)’. 

eVolve POS systems provide prudential solution for food service industry

?eVolve Technologies (Pvt.) Limited are gaining momentum and brings value to their tagline ‘Easy Solutions - Powerful Contributions’ by introducing the ‘Restaurant POS System’. 

Mobitel partners with CodeGen to offer integrated school management systems

?The National Mobile Service Provider Mobitel in partnership with CodeGen International launched a superior integrated management solution comprising iCard and CloudSchool technology on behalf of the Bandaranayake College, Gampaha recently. 

Frontcube celebrates 5th anniversary

?Founded in 2010 from a humble home, Frontcube has become a formidable force to reckon with in the techsphere in Sri Lanka with its highly successful and widely profitable designs for clients ranging from Al-Jazeera, Microsoft to successful Silicon Valley Start-ups. 

A pension for the entire nation: viable or not?

?There has been much debate about launching a pension scheme for those who do not get a government pension or do not currently have a provident fund account.