DFCC and DVB relocate Negombo branch

?DFCC Bank, the country’s leading development bank, and its commercial arm DFCC Vardhana Bank (DVB), recently relocated their Negombo branch to a new and improved location.

‘How much is enough?’ Ceylinco Life asks in Retirement Planning Month campaign

?The impact of inflation on long-term savings, the principal bugbear in pensions computing, provides the theme for a month-long, country-wide campaign by Ceylinco Life this May to promote retirement planning.

Emirates upgrades Economy Class and children’s headsets

?Emirates is further enhancing the entertainment experience for Economy Class travellers with the launch of new, redesigned headsets for its award-winning ice entertainment system in Economy Class.

Union Bank opens 10 new ATMs

?Union Bank of Colombo PLC (UBC) yesterday opened 10 new ATMs in Colombo and its suburbs, further expanding on its premise of bringing greater banking convenience to customers across Sri Lanka. 

Barclays bank 1Q profits halve; takes new forex charge

?AFP: British bank Barclays said yesterday that first-quarter profits halved after taking another £800 million (US $ 1.2 billion, 1.1 billion euros) provision mostly for costs over its alleged role in foreign excha nge market rigging.

Colombo Port commissions first section of East Terminal

?The first section of the East Terminal of the Colombo Port was opened recently by Minister of Ports and Aviation Arjuna Ranatunga, Sri Lanka Ports Authority (SLPA) said in a statement. 

China offers Sichuan World Tourism Fair free for Sri Lanka

?In a goodwill gesture by the Government of China, Sichuan Province has agreed to offer the World Travel Fair to be staged in the Sichuan province at gratis to Sri Lanka Tourism together with free live coverage of the tourism fair on Leshan TV channel. 

Airport Christmas Shopping Festival promo rewards winners

The awards ceremony in connection with the mega seasonal promotion titled ‘Airport Christmas Shopping Festival’ conducted for the 5th consecutive year by Airport & Aviation Service (Sri Lanka) Limited (AASL) during 1st December 2014 – 31st January 2015...

Nations Factors – Easiest way to do business

?Nations Trust Bank (NTB) has now launched factoring service through all its branches and is available islandwide with its latest expansion drive to increase their reach in factoring and/Post-Dated Cheque Discounting products. 

Thailand Golf Expo to be held next month

?Thailand Golf Expo 2015 is an exhibition for comprehensive range of golf products, services and destinations which aims to boost tourism in Thailand.  The show to be held from May 14 – 17 at the Queen Sirikit National Convention Center...

Lanka Hospitals opens doors with new and improved appearance

?The newly refurbished front lobby area of Lanka Hospitals Colombo was declared open by Minister of Finance Ravi Karunanayake recently. The new floor space accommodates patient registration, admission and channeling counters, a VIP lounge and customer services facilities.

Rethinking our lives, organizations and nation – What we must do today

?In November 2011, with the Galleon Scandal in the headlines, I wrote an article “Do the Right Thing”. This was picked up and published in the global media. It was also circulated in the Sri Lanka administrative/public service. 

Bureau Veritas CPS becomes first accredited laboratory for cosmetic product testing

?Bureau Veritas Consumer Products Services Lanka (Pvt) Ltd has received the accreditation for cosmetic product testing, becoming the first laboratory in Sri Lanka to possess the accreditation for cosmetic products. 

Softlogic takes retail partners for Cricket World Cup

?Making history by introducing many ‘first time’ events in the field of the mobile phone marketing sector during the past, Softlogic Communications PLC was able to take their retail partners to Australia for a new experience. 

Years have gone by, but moments haven’t changed

Ten years ago, when Sri Lanka had to face an unknown giant, Tsunami, little did we know that lives would change in massive ways.  The kid who lost both her parents is now 10 years old, but now an orphan.

Silvermill Real Coconut Milk makes cooking extremely easy

?Carefully extracted using state-of-the-art technology, Silvermill Real Coconut Milk is rich in nutrients and is full of wholesome goodness. Coconut milk has many health benefits and contains a variety of essential vitamins and minerals. 

Holcim Lanka introduces Ready Flow Plus to market

?Holcim Lanka’s Ready Flow Plus enters the market with a promise of high performance that combines with strength, consistency and workability.  A product manufactured in Sri Lanka with local inputs encourages a leaner but stronger...

Five bond market trends to watch out for in 2015

As 2015 gathers pace, the world seems to be entering a more uncertain and unpredictable phase. With the end of the quantitative easing by the Federal Reserve, we are entering an era of tighter global liquidity.

Textured Jersey records highest annual net profit of Rs. 1.3bn

?Textured Jersey Lanka PLC (TJL) recorded its highest ever annual net profit of Rs. 1.3bn for the year ended 31st March 2015, an increase of 16 percent year-on-year. 

Sri Lanka on cusp of better political and economic change: JWT Regional Head

Sri Lanka is on the cusp of better political and economic change, according to the incoming regional head of J. Walter Thompson, which is part of the world’s largest advertising company WPP PLC.

Huawei launches P8 - A revolutionary light painting smartphone

?At the legendary Old Billingsgate, London’s renowned arts and fashion venue, Huawei Consumer Business Group unveiled the Huawei P8 smartphone, a perfect blend of technology, sleek styling, usability and revolutionary low light camera features. 

Cairn India in the red over Lankan exploration costs

?Cairn India has incurred an impairment loss of US$ 79.74 million (INR 505 crores) originating from its oil exploration activities in Sri Lanka’s Mannar basin, the company’s fourth quarter results showed. 

March tea output up 17.5 pct on better weather

?REUTERS: Sri Lanka’s tea output gained 17.5 percent in March from the same month a year earlier, helped by favourable weather conditions, the state-run Tea Board said yesterday, helping to lift first-quarter production by 7 percent on last year.

Rupee forwards slip on importer dollar demand

?REUTERS: Sri Lankan rupee forwards slipped yesterday as importer dollar demand outpaced early selling of the greenback by banks, while dealers expect the local currency to remain under pressure due to lower interest rates.

SEC requests Kalpitiya Beach to postpone EGM

?The Securities and Exchange Commission (SEC) yesterday said it requested from Kalpitiya Beach Resort PLC to postpone the firm’s Extraordinary General Meeting (EGM) ....

Sri Lanka raises US$ 81mn through development bonds

?Sri Lanka raised US$81.25 million through two and three-year dollar-denominated development bonds yesterday, the Central Bank said.

Shares at 7-week closing high; political woes weigh

?REUTERS: Sri Lankan shares edged up to their highest close in seven weeks yesterday led by diversified shares, but volume was light as investors awaited cues from the political front ahead of a parliamentary vote on proposed constitutional reforms.

BOC GM Gunasekara returns

?Bank of Ceylon (BOC) General Manager D.M. Gunasekara who was sent on leave to facilitate an investigation the bank was carrying out returned to work on Monday, Mirror Business learns.

Wireless communication more important than basic human needs: Cisco

Wireless solutions utilized by individuals and business entities to make their lives and tasks more efficient and simpler, had become the next big thing in the mobility communication sector, said the visiting Cisco Product Sales Specialist for India and Saarc, Arun Negi.

Zhou to Xi carrying forward the Bandung spirit

?The recent visit to Pakistan by Chinese President Xi Jing Ping secured US $ 46 billion for the development of the power and infrastructure sector. This sizeable Chinese foreign investment will help Pakistan’s economy significantly.