Emirates rewards online bookings with Skywards Miles

?Emirates, a global connector of people, places and passions, has presented a whopping 270,000 Skywards Miles from the airline’s award-winning frequent flyer programme, to six passengers in Sri Lanka, who booked their travel online in February and March this year.

Switzerland, Bahrain and Croatia hold talks with Ceylon Chamber for commercial ties

?Envoys of Switzerland, Bahrain and Croatia held discussions with the Ceylon Chamber of Commerce recently to find out ways and means of exploring trade, tourism and investment opportunities between Sri Lanka and those countries.

Ceylinco Life opens new branch office in Kilinochchi

?Life insurance leader Ceylinco Life has strengthened its presence in Sri Lanka’s northern region with the opening of a new branch office in Kilinochchi. Formally declared open by the company’s Director...

Fitch places People’s Merchant Finance on Negative Watch; withdraws rating

?Fitch Ratings Lanka has placed Sri Lanka-based People’s Merchant Finance PLC’s (PMF) national long-term rating of ‘BB+(lka)’ on Rating Watch Negative and simultaneously withdrawn the rating.

Xoom-Sampath introduce instant money transfer service to Sri Lanka

?Xoom Corporation, a leading digital money transfer provider, yesterday announced the launch of its money transfer service to Sri Lanka. Xoom has partnered with Sampath Bank,

Shareholder finds fault with Ceylinco Insurance dividend statement

?Global Rubber Industries (GRI), a significant shareholder of Ceylinco Insurance, states that the recent dividend announcement of Ceylinco Insurance is distorted and does not reflect the true value of return on equity to shareholders. 

Court of Appeal issues notice on Ceylinco Insurance segregation

The Court of Appeal yesterday issued notice on Ceylinco Insurance and its life and general divisions, following a revision application filed by a shareholder against an order made by the District Court.

Qatar Airways announces ‘Double The Luxury’ offer on world’s best Business Class

?Qatar Airways is offering customers in Sri Lankan a fabulous ‘Double The Luxury’ promotion for Premium Class travel to exciting destinations around the world.

Creative Solutions signs MoU with Accure

?Accure, a Scandinavian company in the development of business process improvement and integration solutions for ERP-systems, recently chose one of the leading Sri Lankan software companies, Creative Solutions, to help them in the further development of their world-renowned products.

Cambio Sri Lanka positions as leading software solutions provider

?Cambio Healthcare Systems AB has announced that it will now operate in Sri Lanka as Cambio Software Engineering, with immediate effect. “The name change from Cambio Healthcare Systems to ...

wow.lk launches special promo for Amex card members

?Continuously revolutionizing e-commerce innovation in the country, Sri Lanka’s largest online shopping mall, wow.lk recently partnered with Nations Trust Bank to offer a special promotional offer for American Express credit cardmembers. 

Lafarge Mahaweli Cement on schedule with ‘Savi Piyasa’ housing programme

?Lafarge Mahaweli Cement is on schedule with its Savi Piyasa housing programme and has now partnered with nine leading brands in the construction sector and two commercial banks to add value to its technical assistance scheme for individual home builders. 

Pyxle drives UAE based Hassani Group’s web presence

?Hassani Group of Companies, one of the fastest growing global conglomerates in the Middle Eastern region operating in over 70 countries, officially launched its global web portal closely aligned with the company’s strategic vision for growth.

JACK WELCH – A PATH GOAL LEADER

?The path–goal theory is different from trait theory in that leaders are not constrained to a leadership style that depends on their personality. 

SEC Chief says effective corporate governance is about intellectual honesty

?Following are excerpts of the speech delivered by Securities and Exchange Commission Chairman Thilak Karunaratne, at the Certificate Awarding Ceremony of the Corporate Directors Programme, jointly conducted by the Institute of Chartered Accountants of Sri Lanka and SEC.

Many Japanese companies keen on Sri Lankan market: Japanese envoy

The Prime Minister Shinzo Abe promised the most drastic reforms since the end of the Second World War. What are these reforms and how does it help raise Japan’s long term growth?

Power sector policy interventions in view of coal power generation

Now that coal has become the major source of fuel for the generation of electricity, we need to rethink on the tariff policy of the power sector. 

ComBank in ten-day promotion in Batticaloa

The Commercial Bank of Ceylon recently concluded a successful engagement...

Amãna Bank continues profit momentum

Having recorded its first profitable quarter in 4Q 2014,...

First Capital Wealth Fund recognized as best performing Fixed Income Unit Trust for second year

First Capital Asset Management Limited, Managers of the First Capital Wealth Fund, announced a dividend of Rs. 140 per unit.

Amãna Bank relocates Akurana branch

Amãna Bank recently relocated its Akurana branch to a more spacious and customer-friendly location at Matale Road,...

CA Sri Lanka, SEC reward over 80 corporate directors

A total of 23 high profile corporate directors were bestowed with the ‘Accredited Director’ status,...

Commercial Credit to raise Rs.1bn via debentures

Commercial Credit and Finance PLC is raising Rs.1 billion via a debenture issue and the company....

15th CIM Annual Conference Inauguration

Chartered Institute of Marketing (CIM) Chairman Sanjika Perera...

Eran to reveal major irregularities to P’ment today

Highways and Investment Promotions Deputy Minister Eran Wickremaratne said that he will reveal...

Funds at state-owned Lankaputhra Bank grossly misused: Chairman

State-owned Lankaputhra Development Bank has initiated a credit audit in a bid to recover loans amounting...

Former Lanka Hospitals CEO to head Hemas Hospitals

Hemas Hospitals yesterday announced the appointment of Dr. Lakith Peiris as the Managing...

CTC records Rs.2.5bn net profit in 1Q amid volume pick up

Ceylon Tobacco PLC (CTC) saw its net profit surging by Rs.500 million to Rs.2.5 billion in the first...

SriLankan management’s inaction on Weliamuna report raises questions

The board of directors of the national carrier SriLankan Airlines is yet to take any action...

NDB-DFCC merger called off

NDB Bank PLC, DFCC Bank PLC and DFCC Vardhana Bank PLC have agreed to dissolve...