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...

Ravi says state coffers intact

Refuting the claims by former President Chandrika Bandaranaike Kumaratunga,...

SLIM AGM

The 45th Annual General Meeting of Sri Lanka Institute of Marketing (SLIM) was held on 30th March at the Kings Court, Cinnamon Lakeside Hotel, which saw the election of Ruwan Liyanagamage as the 37th President of SLIM for 2015/16.

DSl helps Nepal earthquake victims

?Four thousand pairs of footwear were donated to the victims of the recent earthquake in Nepal by the DSI Samson group, one of the leading conglomerates in Sri Lanka. 

Jockey launches pop colour collection at Fashion Bug

?Jockey launched its newest and trendiest range of fashion underwear at Fashion Bug Big City, Katubedde under the patronage of Jockey Brand Manager Asanga Shalindra and Fashion Bug AGM Operations Faraz Hameed. 

Lanka Ashok Leyland declares 400% dividend

?Lanka Ashok Leyland ended the year with a profit after tax of Rs 331.7 million, a 102 percent increase from 2013.

Arosha Perera joins Leo Burnett as COO

?Leo Burnett Solutions Inc. (LBSI), the local office of the global advertising network Leo Burnett Worldwide, recently welcomed Arosha Perera as its new Chief Operations Officer (COO). 

Arosha Perera joins Leo Burnett as COO

Leo Burnett Solutions Inc. (LBSI), the local office of the global advertising network Leo Burnett Worldwide recently welcomed Arosha Perera as its new Chief Operations Officer (COO). Arosha’s appointment was made effective from 1 May 2015 and he has taken over the operational management of Leo Burnett from Chrishani Kotalawela who dedicated 15 years of service to the agency. 

Land Rover’s all-new Discovery Sport is now available in Sri Lanka

The latest luxury SUV of iconic motoring brand, Land Rover, has now reached Sri Lankan shores. Through SML Frontier Pvt Ltd, the sole agents of Land Rover in Sri Lanka, the all-new Discovery Sport has been made available to the brand’s ever-growing customer base across the island. The vehicle is an imposing SUV that has taken prestige and luxury to the highest level in its own right. This brand new Discovery Sport will simply become the ind

wow.lk launches a special promotion for American Express card members

Wall Street banks see Fed on track to raise rates in September

?REUTERS: Wall Street’s top banks expect the Federal Reserve to begin raising interest rates in September, with two rate hikes before the end of the year, after a U.S. jobs report on Friday showed signs of underlying strength in the economy.

Piramal Glass 4Q profits soar to Rs.208 mn

?Piramal Glass (Ceylon) PLC, the glass bottle maker unit of India’s Pirama Group said it had an “exceptional” fourth quarter (4Q15) with the net profits surging to Rs.208 million, compared to Rs.61 million in the corresponding quarter of the previous year.

SEC mulls fresh laws on audit firms

The Securities and Exchange Commission (SEC) is contemplating on bringing fresh laws on audit firms, mandating them to bring any financial irregularities or otherwise of the listed entities to the capital market regulator’s notice. 

The classic collection

?The Ceylon Motor Show, organized by the Ceylon Motor Traders Association and the Classic Car Club of Ceylon was held over the past 3 days at the Sirimavo Bandaranaike Memorial Exhibition Centre.

LSV eager to expand social entrepreneurship further

Lanka Social Ventures (LSV), the pioneering local body for incubating and accelerating socially and environmentally-friendly small and medium enterprises (SMEs), is seeking support to broaden its operations.

Lower apartment sales keep Overseas Realty 1Q net flat

?The high-end property developer and the owners of the World Trade Centre (WTC) twin tower, Overseas Realty (Ceylon) PLC posted a net profit of Rs.788.5 million for the quarter ended March 31, 2015 (1Q15), down by a paltry one percent from the same quarter last year. 

Taj Samudra owning company posts Rs.19mn 4Q profit

?TAL Lanka Hotels PLC, which operates the 5-star Taj Samudra Hotel in Colombo, posted a net profit of Rs.19 million for the quarter ended March 2015 (4Q15), driven by higher revenues and tax gains.

Lankem Robbialac colours Gangaramaya for National Vesak Festival

?In keeping with its continuous commitment of a ‘Varna Pooja’ to places of religious worship in Sri Lanka, Lankem Paints Ltd, manufacturers and marketers of Robbialac Paints...

Michel Nugawela to introduce leadership archetyping at CEO forum next week

?Michel Nugawela will introduce leadership archetyping at a VIP CEO Breakfast Forum on May 25 to an audience of CEOs and leaders in government and not-for-profit.

Laksala records highest seasonal turnover

?Laksala, the undisputed leader in the handicraft, gift and souvenir market in Sri Lanka, has recorded its highest seasonal showroom turnover of Rs.69.1 million in April 2015 since the year 2011. 

Passing 19th Amendment a victory of all: CNCI

?The Ceylon National Chamber of Industries (CNCI) in a press release stated that the adoption of the 19th Amendment to the constitution with a historic majority in Parliament is a victory of all Sri Lankans.  

“Let food be thy medicine”

“Let food be thy medicine and medicine be thy food,” said Hippocrates, who is considered the ‘Father of Modern Medicine’, over 2000 years ago. He recognized the impact good food has on good health, as the food we consume not only sustain our lives, it also prolongs the quality of life.  

Coca-Cola and Cargills Food City host island-wide cricket mania promotion

?Coca-Cola Beverages Sri Lanka (CCBSL) recently partnered with Cargills Food City to host an exciting island-wide ‘Celebrate the Season of Cricket’ scratch card competition. 

ACL Cables introduces ‘Fire Zero’ and ‘Fire Survivor’

ACL Cables, the pioneers of Sri Lanka’s cable market introduced two of its latest products recently named ‘Fire Zero’ and ‘Fire Survivor’. 

DSI tyre dealers get super luxury tour to Malaysia

?DSI Tyres made more than 150 of their  dealers enjoy a luxurious four-day tour in Malaysia in line with the successful  ‘Reward Plus 2014’ sales promotion .  With a trusted customer satisfaction of more than 3 decades in hand DSI tyres launched Reward Plus...

Solar Liberator launches range of innovative solar-based products

?Solar Liberator which follows the concept of ‘Made in Sri Lanka’, introduced a range of innovative solar power-based products which are been recently designed and developed by them. 

Learning from disasters

Nepal’s unfolding earthquake tragedy follows a string of recent catastrophes in Asia and other regions of the world, all underscoring the need to step up efforts to improve responses to disaster relief, recovery and rehabilitation—and for mitigating future catastrophes.