Ports Authority denies strike reports

Sri Lanka Ports Authority yesterday dismissed reports of a strike carried out by the Employees of Hambantota Magampura Port.

Madulsima Plantations in Rs.1.4bn rights issue to settle debts

Madulsima Plantations PLC will be raising Rs.1.38 billion in a rights issue in the near future, to settle company’s outstanding debts. Five new ordinary shares will be issued for each currently held ordinary share, for a total of 145 million shares, at a consideration of Rs.9.50 per share.

Union Bank redefines banking experience at Kurunegala branch

?Union Bank of Colombo PLC recently unveiled a redefined banking experience at its Kurunegala branch, as part of its on-going branch development initiatives to strengthen its retail offering to customers. 

AIA wealth planners visit Stonehenge during Group Convention

?AIA Insurance Sri Lanka’s wealth planners visited the Stonehenge, a unique world heritage site, during AIA Group’s President Club Convention, which took place in England from late April to early May. 

We will be looking more into corporate banking sector: NSB Chairman

The state-owned National Savings Bank (NSB) will be looking to increase its presence in the corporate banking sector, a top official said. 

Janashakthi Insurance March net down 32%

?Composite insurer Janashakthi Insurance PLC recorded a net profit of Rs.106.3 million for the March quarter (1Q15), down 32 percent from a year ago, the interim financial accounts released to the Colombo stock Exchange showed. 

Korea Eximbank supports Nanu Oya social service activities

?The Export Import Bank of Korea (Korea Eximbank) implemented a community-based initiative to support renovation of a kindergarten in Nanu Oya, in partnership with two other Korean companies, namely Kolon Global and Keangnam Enterprise.  

Investing in unit trusts: What you need to know

Navigating diverse investment tools can be perplexing for the average investor. Investor education is crucial as knowledgeable and empowered investors contribute towards a vibrant market. Unit trusts are one of many investment options available to investors.

ComBank hosts entrepreneurship development programme in Hingurakgoda

?Commercial Bank’s on-going initiative to promote entrepreneurship development across the country by empowering micro, small and medium enterprises with the knowledge they need to grow, was recently extended to Hingurakgoda, the largest division in the Polonnaruwa District.  

Janashakthi excels at inaugural Inter Insurance Company Quiz

?Janashakthi Insurance General team emerged as the 1st runner up at the Sri Lanka Insurance Institute, inaugural quiz competition held on 14th May.

Microsoft ‘Innovation for Impact’ empowers Lankan NGO sector

?Microsoft Sri Lanka under a YouthSpark grant together with World Bank and Fusion, the ICT arm of Sarvodaya, conducted ‘Innovation for Impact’, a two-day workshop designed to educate and provide ICT solutions to improve the local NGO sector with skills that will touch the lives of rural youth.

Unilever to launch ‘Star Collection’ with star-studded event

?Unilever invites its consumers to indulge themselves when they introduce a fragrant, heady, glamorous, flirty, and exciting new product, and what’s more, one that has been co created by Bollywood femme fatale, Deepika Padukone. 

Sri Lanka Insurance facilitates Millionaires’ Club members

?The annual Millionaires Club Awards Night of Sri Lanka Insurance Corporation Limited (SLIC) was held at Waters Edge recently under the patronage of SLIC Chairman Hemaka Amarasooriya, Managing Director Bangsa Jayah, Executive Director P.P.J. Perera and Director Imal Fonseka. 

Camoplast Solideal GIT employs Dialog’s iMPLS network for global connectivity

?Leading global high performance motor products designer and manufacturer, Camoplast Solideal GIT, chose Dialog Axiata as its Communication Service Provider for international connectivity between their primary and secondary data centres in Sri Lanka and Singapore. 

Sri Lanka’s tourism: Competing with the region

?There is an often repeated story of two people walking in the forest. They see a tiger advancing towards them. As they start running in the opposite direction, one stops to take out and wear a better pair of shoes. “What do you think you are doing,” asks the other.

Over 38 000 subscribers visit ‘Hutch data dansala’

?In the true ‘spirit of giving’ this Vesak season, mobile operator Hutch offered a 100MB of free data on its 3G network to all its data loving Hutch subscribers, the first ‘data’ dansala of its kind in Sri Lanka.

Contrast of charismatic leadership

Charisma is often used to describe an elusive, even undefinable personality trait that includes the seemingly ‘supernatural’ or uncanny ability to lead, charm, persuade, inspire,...

Mobitel mCash partners with Abans

?The National Mobile Service Provider Mobitel has partnered with Abans PLC to provide customers the all new opportunity to deposit money, pay utility bills, insurance premiums and leasing  payments via mCash, at all Abans showrooms island wide. 

OZO Kandy celebrates official opening

OZO Kandy celebrated its official opening in the presence of business partners, ...

Mihin offers comfortable and affordable flights to Jakarta, Medan

Mihin Lanka, Sri Lanka’s leading low-cost airline,...

Qatar Airways acquires Scotland’s Novotel Edinburgh Park Hotel

Qatar Airways has acquired Novotel Edinburgh Park Hotel in Scotland,...

America’s largest airlines received benefits worth US $ 71.48bn: study

Research commissioned by Etihad Airways, the national airline of the United Arab Emirates,...

Maldives to hold Hotel Asia Exhibition and Int’l Culinary Challenge 2015 in August

The Maldives’ largest annual food and hospitality event ‘Hotel Asia Exhibition and International...

SMEs will be critical to sustain economic growth next 5 years

Small and medium-sized enterprises (SMEs), that form the backbone of our economy,..

Sooner the elections, better for the economy

The Central Bank Annual Report-2014 was submitted recently to Finance Minister Ravi Karunanayake...

Planters explain how tea production cost is determined

To facilitate open discussion on the critical issue of cost of production (CoP) of tea and affordability of estate sector wages,...

Poka-Yoke for Zero Error

Poka-Yoke is a Japanese term which effectively means “mistake proofing”.

Samsung India Electronics President and CEO visits Sri Lanka

H.C. Hong, President and CEO of Samsung India Electronics Ltd. recently visited Sri Lanka...

MoE honours Microsoft Expert Educator winners

Secretary of the Ministry of Education Upali Marasinghe,..

Etisalat upgrades prepaid system to offer world class customer experience

Etisalat Lanka recently revamped its prepaid solution suite,...