Annual K. Sivagananathan Memorial Oration and Awards next week

“Chinese speed” elevating Colombo South Harbour to mega port: CICT CEO

Xinhua: The South Harbour terminal handled 680,000 containers in 2014, enhancing the total capacity of t he Port of Colombo by 14 percent, the fastest growth among the world’s ports last year, said Colombo International Container Terminals (CICT) Chief Executive Officer Liu Yunshu.

Budget myopia

It was promised that all subsidies and price reductions would be from savings derived from eliminating wastage of public funds without imposing any new taxes. Presumably such promises are only to the poor.

New Risk Management Dept. to oversee EPF fund management

A new risk management unit has been set up by the Central Bank to outline proper rules and regulations that would ensure risks are minimized in the process of managing the Employees’Provident Fund (EPF).The unit has been established on the instructions of Central Bank Governor, Arjuna Mahendran in a bid to avoid explicit conflict of interest, when the EPF invests in banks’ shares, which are regulated by the Central Bank.

Pan Asia Bank records over 34% credit growth and 265% growth in PAT

Pan Asia Bank recorded an impressive 265 percent growth in profit after tax...

‘Dine and Smile’ at 52 restaurants for ComBank cardholders

Commercial Bank’s popular dining out promotion ‘Dine and Smile’ has returned...

Amãna Bank records first profitable quarter with Rs.88.5mn PBT

Amãna Bank, Sri Lanka’s one and only licensed commercial bank operating in full conformity to the non-interest-based Islamic banking model,...

What to look for when purchasing a life insurance policy, courtesy Janashakthi

Whether fresh out of school or ready to settle down and start a family, it’s important to plan for the future.

CIMA to elevate public sector performance growth

CIMA Sri Lanka in its endeavour to harness public sector professionals with its expertise in the management accounting...

Dominant leadership traits

Trait theory highlights the notion that traits refer to stable or consistent patterns of behavior relatively immune to situational contingencies...

Rosy seeks ILO assistance to eradicate child labour

State Minister of Child Affairs Rosy Senanayake recently sought assistance from the International Labour Organisation ..

NEC Asia Pacific launches Smart Enterprise solutions in Sri Lanka

NEC Asia Pacific, a leading IT and network solutions provider and systems integrator based...

Job portal Everjobs makes debut in Sri Lanka

Everjobs (everjobs.lk), the new job portal for fast growing markets,..

DSI holds dealer conventions and felicitates dealers in Matale, Kandy and Kurunegala

DSI recently held two Dealer Conventions to felicitate its dealers in Matale, Kandy and Kurunegala out of its network of more than 3,800 dealers from around the country. The company believes in maintaining strong relationships with the dealers and in appreciating them for their commitment and dedication to the DSI brand and to D. Samson & Sons (Pvt) Ltd. It is only through strong ties with the dealers that the company will grow, from revenue

The cricket fun continues with Prima KottuMee “Hot n Spicy Kricket”

Prima KottuMee is celebrating the cricket season with Prima KottuMee “Hot n Spicy Kricket.” This latest addition to the KottuMee promotional campaign is a fun and sporty option for the youth who love cricket. Prima KottuMee “Hot n Spicy Kricket” is holding a promotion to celebrate cricket fever, from 14th February to 31st March, 2015.

Hameedia launches special promotion to celebrate the Cricket World Cup

Continuously setting the benchmark in the fashion industry, Hameedia, Sri Lanka’s leading menswear specialist has joined the Cricket World Cup hype with an exciting promotion on all Signature branded items. As part of the promotion, customers purchasing two shirts from the Signature range will get a free branded mug and customers purchasing three shirts will get a free branded umbrella. The promotion will be running throughout the entire du

Samsung Reinforces TV Leadership in South West Asia with SUHD TVs, Curved TVs, Smart TV powered by T

Samsung Electronics Co Ltd., the global leader in Home Entertainment for nine consecutive years, today introduced an extensive range of SUHD TVs at its 2015 Samsung Forum in Bangkok. The new TVs set a new standard in premium Ultra HD content and elevate the viewing experience to new heights. Samsung also showcased its expansive line-up of audio products, including Curved Soundbars, which complement and enhance the home entertainment experience w

The basics for investing in stocks

Over the long run, stocks have beaten the performance of any other major asset class by a wide margin (refer Box 1).

Fast-tracking your way up the corporate ladder When it comes to a leader’s legacy, indecisiveness is

We are continuing with the detailed exploration of the six steps to making effective decisions.

Mobil Lubricants partners Land Rover as official lubricant arm

McLarens Lubricants Limited, sole agents for ExxonMobil Lubricants in Sri Lanka signed SML Frontier Automotive (Pvt) Ltd, Agents for Land Rover as their official lubricant partner.

Pop Culture Icon, Design Muse And Movie Star: The Coca-cola Bottle Is 100 Years Young

A design so distinctive that it could be recognized by touch alone and so unique that it could be identified when shattered on the ground. This was the brief for the creation of the Coca-Cola bottle which is 100 years young this year. To mark this milestone, The Coca-Cola Company is celebrating with a year-long campaign that includes new advertising, a music anthem and a series of art exhibits featuring works from some of the world’s leadin

CAL’s all-women Investment Management team now the largest in the country

Capital Alliance’s all-women Investment Management team, headed by Ashveeni Shanthikumar, CEO, CAL Investments, has rapidly evolved into the largest fund management unit in the country. As part of its International Women’s Day 2015 celebrations, CAL is shining a light on this dynamic and successful all-women team that has contributed significantly to the company’s overall success. Each year, International Women’s Day celeb

Lalith to resign; Dileepa new SLT Group CEO

?Sri Lanka Telecom PLC yesterday announced the resignation of incumbent Group CEO Lalith De Silva and the appointment of new Group CEO Dileepa Wijesundara. De Silva’s resignation will come into effect from March 13, 2015.

Governor pushes big corporates to tap bond markets instead of easy bank credit

?The newly appointed Central Bank Governor Arjuna Mahendran said the country’s larger corporates must turn to bond markets instead of resorting to easy bank credit for their liquidity needs. 

Restrictions on banks’ access to SDF removed

?Restrictions imposed on banks parking their excess liquidity with the Central Bank have been lifted. The Central Bank yesterday said the 5 percent Standing Deposit Facility (SDF) rate was withdrawn with effect from March 2, 2015.

Hemas’ draws foreign and domestic investor interest

?Hemas Holdings PLC (HHL) said its recently announced Rs.4 billion rights issue has drawn high interest from both foreign and domestic investors. Esufally family members, who own about 70 percent of the company had said, they would not be subscribing to the rights.

Fitch cuts telecom sector outlook to negative

Fitch Ratings has cut the country’s telecom sector outlook to negative from stable amid the one-off and recurring taxes slapped on the industry by the interim budget of the new administration.   

Singer 4Q growth helps annual revenue to surpass Rs. 29 bn

Consumer durables retailer Singer Sri Lanka ended the 2014 financial year on a high note, recording a 27 percent growth in fourth quarter revenue that helped the Group achieve Rs. 29.7 billion in annual revenue. Annual revenue grew by 16.5 percent in 2014, an increase driven by rising demand in key product categories.

Singhe Hospitals in Rs.250mn IPO to retire debt, invest in machinery, labs

Singhe Hospitals Limited of Ratnapura will be opening its Initial Public Offering of Rs. 250 million on March 12 at the Colombo Stock Exchange, following just 2 years of operations, as announced at a press conference recently.

Unilever Sri Lanka crowned ‘Marketer of the Year’ at Effies

Unilever Sri Lanka bagged the coveted ‘Marketer of the Year’ award at the Sri Lanka Institute of Marketing (SLIM) Effie Awards 2014 held recently.The award recognizes the overall effectiveness of Unilever Sri Lanka’s marketing efforts across its portfolio of 29 brands. The company topped the charts to win this coveted prize.