SriLankan submits business plan aiming turnaround in 3 years

The top management at SriLankan Airlines has forwarded a business plan to the Cabinet to turnaround the struggling national flag carrier within three years. “They (SriLankan) have forwarded a business plan to the government,” Civil Aviation Authority Chairman Shibly Aziz said at a recent forum.

ComBank invites remittance recipients to double their money

?Sri Lankans receiving remittances from overseas over the next two months can double their money, when they collect remittances from the Commercial Bank of Ceylon, the country’s largest private bank.

Nations Trust Bank brings 365-day banking to Matale

?Nations Trust Bank, a key player in Sri Lanka’s financial services industry, reiterated its commitment towards expansion of its service with the opening of its Matale branch spreading  its network to 91 branches island wide. 

Condominium developers come up with a slew of recommendations

?The recently established Condominium Developers Association of Sri Lanka (CDASL) has forwarded a slew of recommendations to policymakers and government bodies in order to develop the industry.

HNB offers Rs. 7 mn worth ‘Diri Daru’ scholarships to high achieving students

?Hatton National Bank (HNB) will continue its longstanding support of national education and student development by offering 500 scholarships to the top performers of the Year-5 scholarship examination under the ‘HNB Diri Daru’ scheme.

Sri Lanka Tourism calls EOIs from ad agencies

?The Sri Lanka Tourism Promotion Bureau (SLTPB) has invited Expressions of Interest (EOIs) from global advertising agencies for the preparation and implementation of a communication plan, promoting Sri Lanka as a preferred tourism destination in identified overseas markets. 

Private sector credit slows down

?Credit to the private sector in the month of April slowed down to Rs.14.5 billion from Rs.41.4 billion recorded a month ago, the official data released by the Central Bank showed. 

People’s Leasing, People’s Bank up stake in PMF; trigger mandatory obligations

?People’s Leasing & Finance PLC (PLC) and its parent People’s Bank have acquired a significant stake in People’s Merchant Finance PLC (PMF) and will be making a mandatory offer to the shareholders in the near future.

Krest introduces newest vegetable crumbed range

?The Krest brand has taken one more step further by understanding the needs of different consumers and taken yet another initiative to launch a veggie-based crispy crumbed range of products to give better and more offering to veggie lovers.

All eyes on ECB after Greek ‘No’ vote

?AFP: All eyes were on the European Central Bank (ECB) yesterday following the resounding ‘No’ in the Greek referendum, with the ECB seen as the only institution capable of calming market panic and preventing the Greek economy from collapsing.

Hameedia introduces new range of fashionable knitted jackets

?Continuously setting the benchmark in the fashion industry, Hameedia, Sri Lanka’s leading menswear specialist recently introduced its latest range of fashionable knitted jackets.  

Scan products sales force rewarded at Star Awards Night

At a ceremonious event which took place at the Club Palm Bay Hotel in Marawila recently, C. W. Mackie PLC – Scan Product Division’s top sales performers were recognized for the year 2014/2015.

99X Technology employee felicitated for ‘Leadership Excellence in IT’

?99X Technology’s Process and Delivery Manager Shehani Seneviratne was recognized for her contributions to Sri Lanka’s IT industry when she was awarded Silver for ‘Leadership Excellence in Information Technology’...

Munchee founding Chairman steps down

?Following a board meeting held on June 24, 2015, after almost 48 years at the helm of the organisation he founded in 1968, Mineka P. Wickramasinghe has retired from the position of Chairman of the Ceylon Biscuits (CBL) group. 

Marina Rasa Saraniya holds ‘Star Chef Hunt’ in Wayamba Province

?The second phase of the Marina Rasa Saraniya ‘Star Chef Hunt’ competition launched by Cherubium Lanka in collaboration with Swarnavahini TV channel and the Ministry of Education was held on a grand scale at the S. W. R. D. Bandaranaike Vidyalaya, Panduwasnuwara recently. 

CSE conducts successful live disaster recovery exercise

?The Colombo Stock Exchange (CSE) conducted a successful disaster recovery testing exercise, as part of its Business Continuity Planning (BCP), from its Disaster Recovery site recently, where all trading and post-trade operations took place from this remote site for a complete market day. 

IPM Sri Lanka and Youth Development Bureau sign MoU

?IPM Sri Lanka - Sri Lanka’s premier professional body for human resources management recently signed a Memorandum of Understanding on youth training with the Youth Development Bureau.

Young Members Forum to discuss ‘Emerging Trends of Employment Laws’

?The Young Members of the Ceylon Chamber of Commerce is to hold a seminar to discuss ‘Emerging Trends of Employment Laws in Sri Lanka’ , which will be addressed by the prominent legal expert Dr. Prathiba Mahanamahewa

Global employee demand for flexible working on the rise

?With the growth of the Sri Lankan economy, companies across all industries are hiring a greater number of millennials as they continue to expand their operations. 

How do you build a stock portfolio?

?The stock market and its potential for risk daunt many people. However, a well-built stock portfolio is likely to outperform the other investments over time.

Waskaduwa Beach in Rs.788mn cash call to settle debts

?The board of directors of George Steuart Group subsidiary Waskaduwa Beach Resort PLC (CITW) announced that the company will be going for a Rs.778 million rights issue to settle outstanding loans.

Amãna Bank offers gifts to all Western Union fund transfer recipients

?Sri Lanka’s premier non-interest based bank, Amãna Bank, in collaboration with MMBL Money Transfer (Pvt) Limited, principal representatives for Western Union in Sri Lanka has commenced offering a special branded gift to all its Western Union fund recipients as a value addition this season.

Election financing from abroad may boost Sri Lanka rupee: CB Governor

?economynext: Sri Lanka may see a surge of foreign inflows to finance an upcoming election which boost the rupee, but it was not certain, Central Bank Governor Arjuna Mahendran said.

Amãna Takaful announces SURPLUS payment for third consecutive year

?Staying true to the spirit of Takaful, ATL (Amana Takaful PLC) announced a payment of SURPLUS to its General Insurance Policy-holders for the third consecutive year. 

Vallibel Finance opens branch in Kaduruwela

?Vallibel Finance continues to expand its footprint across the country with its latest branch opening in the agri hub of Kaduruwela.  

Health-conscious Lankan to demand less fizzy drinks

?Increasing disposable income is less likely to translate into higher demand for carbonated soft drinks as the Sri Lankans are becoming more health conscious, according to a top official from the country’s oldest carbonated soft drinks manufacturer. 

Greek referendum

?A young girl holds a ballot during the Greek referendum in Athens. Greek voters headed to the polls yesterday to vote in a historic, tightly fought referendum on whether to accept worsening austerity in exchange for more bailout funds, in a gamble that could see it crash out of the euro   

Colombo City Centre to come up in Colombo 2

?Colombo City Centre, a 47-storey 1,000,000 square feet mixed lifestyle centre, combines a 210,000 square feet retail mall, a 196-roomed NEXT Hotel and 178 residential apartments on Sir James Pieris Mawatha, Colombo 2.

Prime Lands’ Sandamini adjudged Best Women Entrepreneur – Large

?The prestigious Women in Management Organisation named Prime Lands Group Deputy Chairperson Sandamini Perera as the ‘Best Women Entrepreneur – Large’, at the ‘Women for Governance’ Professional and Career Women Awards 2014/2015 held recently at The Kingsbury Hotel – Colombo.

CA Sri Lanka launches e-learning certificate course on SLFRS

?The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently unveiled an online certificate course on the Sri Lanka Financial Reporting Standards (SLFRS)