Maliban relaunches refined Gold Marie biscuits

?Maliban Biscuit Manufactories (Pvt.) Ltd has announced the refinement of one of its flagship biscuit series, Maliban Gold Marie biscuits. Maliban Gold Marie has now been made milkier than ever to give its connoisseurs a tastier and sweet biscuit. 

Regus Country Manager honoured for Business Leadership

?Regus Sri Lanka Country Manager Dr. Nirmal De Silva received a Merit award for Business Leadership at Australian Alumni Excellence Awards 2015.  The awards ceremony, held for the seventh year, took place at Taj Samudra recently.

Elephant House to continue delighting ‘Battle of the Blues’ fans

?With Sri Lanka’s most famous ‘big match’ only a few short weeks away, fan-favourite Elephant House has once again come on board to partner what is expected to be yet another thrilling ‘Battle of the Blues’ encounter. 

T.C.I. Enterprises relaunches Dow Corning silicone product line-up

T.C.I. Enterprises (Pvt.) Ltd held a relaunch of its line-up of Dow Corning silicone products in Sri Lanka this week, following one and a half years of partnership. “They are the world number one. So far, we have got around US $ 300,000 in revenue from Dow Corning products. 

Hilfiger Collection Fall 2015 an American Love Story

Tommy Hilfiger’s Fall 2015 collection is an American Love Story – fusing iconic styles of the late Sixties and early Seventies with a vibrant game day spirit.

ComBank profits up; records impressive 21% credit growth

?Commercial Bank PLC, Sri Lanka’s largest private bank with an asset base of Rs.797.2 billion, saw its December net profit (4Q14) edging up 2 percent year-on-year (YoY) to Rs.3.39 billion, the interim financial accounts released to the Colombo Stock Exchange showed.

HSBC confirms boss holds Swiss bank account; 2014 profits sink

?AFP: Global bank HSBC, embroiled in a tax-dodging scandal at its Swiss division, said yesterday that Chief Executive Stuart Gulliver held a Swiss bank account as it reported a 15 percent drop in net annual profits.

New tax likely to drive small-scale brewers out of business

The government is attempting to create an oligopolistic market dominated by a handful of companies in alcohol production by implementing the ad-hoc Rs.200 million monthly tax, which will drive small-scale producers out of business, rendering over 4,000 unemployed.

Social market economic model will benefit agriculture sector: Harsha

?The newly adopted social market economic model would be highly beneficial to the agriculture sector, according to Policy Planning and Economic Affairs Deputy Minister Dr. Harsha de Silva.

Small-time vehicle importers write to President seeking relief

Small-time vehicle importers who had opened their Letters of Credit (LCs) prior to the January 29 interim budget have written to President Maithripala Sirisena calling for relief, due to their inability to pay the additional charges ranging between Rs.0.7-1 million brought on by the hybrid tax.

Lucky Lanka in red; gearing continues to remain high

?Dairy manufacturer Lucky Lanka Milk Processing Company Ltd has made a net loss of Rs.10 million for the December quarter (3Q15), the interim financial accounts released to the Colombo Stock Exchange (CSE) showed.

Restructuring move

A fruit vendor waits to sell pineapple in Galle Face. The new government will seek loans exceeding US $ 4 billion from international lenders, including the International Monetary Fund (IMF), as it “restructures” expensive debt owed to China, Finance Minister Ravi Karunanayake said (AFP)

Envisioning beyond economic growth and per capita income

?Sri Lanka is, slowly but surely, emerging out of vicious civil war that has lasted over twenty-five years (July 1983 – May 2009); armed conflict since 1972; and the conflict per se ever since independence in 1948. 

Northwood College Celebrates Founders’ Day

Northwood College recently celebrated its second anniversary and Founders’ Day. The celebration was attended by Dr. Frank Jayasinghe, an experienced educationist, Founder Principal of Wycherley International School and the present Principal of the College of World Education as the Chief Guest. The event was also attended by Hussain Sadique, the Founder Director of Northwood College and his wife Fazliya Sadique as well as the teachers and pa

Fashion Bug wins Gold for Triumph

Fashion Bug, one of Sri Lanka’s leading retail clothing stores with over 16 outlets island-wide, clinched a Gold award for ‘Best Key Account Partner’ at the recent Annual Sales Conference of Triumph International held on 13th February at Hotel Galadari.

Hameedia treats 30 lucky customers to a memorable Valentine’s Day

Continuously setting the benchmark in the fashion industry, Hameedia, Sri Lanka’s leading menswear specialist recently hosted 30 lucky couples for a memorable and romantic Valentine’s Day dinner dance at the Jaic Hilton. As part of Hameedia’s exciting Valentine’s Day promotion, customers who made purchases over Rs. 7500 were entered into a special draw and 30 couples were thereafter selected to attend the dinner dance even

Lower impairments, non-fund incomes boost Sampath 4Q

Sampath Bank PLC group posted a net profit of Rs.1.33 billion (Rs.7.94 a share) for the quarter ended December 31, 2014 (4Q14), up 23 percent from a year ago despite its core banking operations barely a showing a growth, interim results showed.

Hemas Hospital-Thalawathugoda introduces convenience-based solutions to clientele

As a result of consumers becoming more empowered, value and convenience seeking, majority of their personal care needs are also changing on similar lines. As a result, healthcare, which is a very sensitive, selective and an important aspect of wellbeing of an individual is also moving towards a route where individuals are seeking more and more consumerdriven services and facilities from service providers.

SLT powers LK Domain Registry with IPv6 technology

Sri Lanka Telecom (SLT), the national ICT solutions provider announced the successful deployment of world’s latest Internet Protocol (IP) version - IPv6 at the LKDomain Registry in Sri Lanka.

Etisalat hosts Twitter Premier League Sri Lanka Season 3

With a pitch perfect spinner towards actively engaging with the Sri Lankan Twitter community, Etisalat Lanka tweets back Twitter Premier League Sri Lanka 2015, an annual softball cricket tournament for the third consecutive year. With this hatrick, #TPLSL will look forward to highly active 500+ participants across the island.

Sri Lanka cares for every foreign visitor: Navin

The army troops’ amazing rescue of ‘Dutch’ national Mathalin (35) from near death, when he accidentally fell off the World’s End in Horton Plains during his honeymoon tour in Sri Lanka with his newly-wedded wife Linda, is just an indication of the care Sri Lanka has on every single traveller, said Tourism and Sport Minister Navin Dissanayake.

CMA Budget Seminar this Wednesday

The Institute of Certified Management Accountants of Sri Lanka (CMA), the national professional management accounting body in Sri Lanka, will conduct a seminar on the interim budget approved by the Parliament on February 25, 2015 at Ballroom, Hotel Taj Samudra from 9:00 a.m. to 2:00 p.m.

Sri Lanka and nuclear pacts: Best decision for energy security?

President Maithripala Sirisena during his first official visit since becoming President, entered i nto a bilateral on nuclear energy with the Sri Lanka’s neighbour India.The bilateral agreement signed on cooperation in the peaceful uses of nuclear energy 16 February 2015, envisages transfer and exchange of knowledge, expertise as well as capacity building and training of personnel on several areas relating to the use of nuclear energy.

A Decision not Properly Communicated is Equivalent to a Decision Unmade

Last week, we said that there are six steps to making an effective management decision. We explored in detail the first step - creating a constructive environment. This week we explore in detail the second step.

Five Important Elements in Fundamental Analysis

Having a basic knowledge of fundamental analysis will give you a better foundation for your investment decisions. Learn the five core elements in fundamental analysis and understand why you should use it when investing. You will learn how to find the relevant information in earning reports from listed companies.

Talks with IMF successful: Ravi K

Finance Minister Ravi Karunanayake returned to the island from Washington on Friday with “a bag full of cash”, following successful talks with the International Monetary Fund Managing Director Christine Lagarde.

Celcos in Crisis Mode

The five mobile service providers in the country gathered for a crisis meeting last Friday, to discuss possible actions to avert impacts of the farreaching tax proposals of the new government on the sector.Mirror Business learns that the possibility of taking legal action was also discussed, among others, if the government went ahead with enacting laws demanding celcos to pay the 25 percent reload tax.

DSI Dominates Design Awards, bagging Best Design Award at Footwear and Leather Fair 2015

The Sri Lankan footwear market leader, DSI dominated the Design Award Ceremony held on 8th February 2015 at BMICH. Held parallel to the Footwear and Leather Fair 2015, which was held from 6th to 8th February at the BMICH, the Awards Ceremony celebrated the best and brightest of the industry. The exhibition was organised jointly by the Sri Lanka Export Development Board (EDB) and Industrial Development Board (IDB) in collaboration with the Footwea

Sampath contributes to psychological wellbeing of National Hospital patients

In compliance with their supreme business ethics of giving back to society, Sampath Bank partnered with the National Hospital of Sri Lanka, Colombo and engaged in a beneficial landscaping project, covering over an acre of land in sections A and K, including the main entrance of the hospital.

Lankem Robbialac colours Jaffna Cancer Hospital

The Northern Province of Sri Lanka, notably the city of Jaffna, has rapidly re-emerged into mainstream society and fast gained importance as a vibrant social, tourist and economic hub.