Standard Chartered’s outstanding wipe out

Standard Chartered once again brings to its credit cardholders a one-of-a-kind proposition – the freedom to shop and to be one of the lucky winners to have the bank pay off the outstanding balance on the credit card.

NDB Achara loan scheme dedicated to pensioners

NDB introduced its latest product NDB Achara, a loan proposition solely dedicated to the pensioners of the country.

USAID launches US $ 12mn project to boost Lankan youth employability

United States Agency for International Development (USAID) yesterday joined the government to launch a project to equip the country’s youth with skills required to survive and thrive in the fast evolving workplace. 

Lanka IOC to set up electric vehicle charging points at existing filling stations

Lanka IOC PLC, Sri Lanka’s only privately-owned petroleum distributor, is planning to set up over a dozen electric vehicle charging stations (EVCSs) at its existing petroleum filling stations this year, in order to reliably facilitate journeys to long-distant destinations such as Kandy. “We’re planning to scale up, and this year we’re planning more than a dozen EV chargers in our filling stations,” Lanka IOC Senior V

London Stock Exchange CEO to step down

AFP: London Stock Exchange Group said yesterday that its chief executive, French national Xavier Rolet, would leave the company by the end of 2018 after almost a decade in charge. It gave no reason for Rolet’s move, which will precede Britain’s planned formal departure from the European Union scheduled for March 2019.

Chevron’s Lankan unit 3Q profit down 34%

The leader in Sri Lanka’s lubricant market, Chevron Lubricants Lanka PLC, saw its earnings for the quarter ended 30th September (3Q17) narrowing 34 percent year-on-year to Rs.892.9 million, the interim financial accounts showed.

SL to sign trade cooperation pact with South Korea

Sri Lanka is to sign an economic cooperation agreement with South Korea during President Maithripala Sirisena’s upcoming visit to that country this November.

September tea output jumps 27.6%

Sri Lanka’s tea output jumped 27.6 percent due to good weather in September and a lower base last year, the state-run Tea Board said yesterday. 

Shares end lower for third session; block deals boost turnover

REUTERS: Sri Lankan shares ended down for a third straight session yesterday to hit near a one-week low, led by banking stocks while block deals boosted the turnover, brokers said.

SL’s remittance woes heighten in August

Workers’ remittances, the key foreign exchange earner of the dollar-hungry nation, suffered a major setback this August, delivering a severe blow to the US $ 81 billion economy already grappling with massive debt load and outstretched current account deficit.  

Foreign Employment Deputy Minister discusses bilateral cooperation with IOM

The Director General of the International Organization for Migration (IOM) Ambassador William Lacy Swing expressed his appreciation for Sri Lanka’s active role in the preparations for the global compact for safe, orderly and regular migration as well as the role in the migration health discussions during the meeting between Deputy Minister of Foreign Employment Manusha Nanayakkara and the Director General of IOM recently at the IOM Headquar

Minister Senasinghe speaks to Italian Chambers in Milan

On a promotional visit on enhancing Sri Lanka’s exports to the EU under GSP Plus concessions and the investment potentials at large, Minister Sujeewa Senasinghe met the Chamber heads in Milan this week.

Chinese delegation from Guangzhou expresses confidence in investing in Sri Lanka

The Board of Investment of Sri Lanka hosted a delegation from the Guangzhou municipal government headed by Tu Hongze, Vice Counsel.

DLB ‘Kotipathi Shanida’produces another millionaire

A resident in the Kandy district is the lucky winner of the biggest ever inaugural lottery prize offered by the Development Lotteries Board.  

National Chamber hosts Iranian ambassador

At “Meet the Ambassador” programme organized by the National Chamber of Commerce, the Iranian Ambassador along with his delegation addressed the business community regarding trade and investment opportunities available in Iran. 

China Products Exhibition in Colombo next month

The 3rd edition of the China Products (Colombo, Sri Lanka) Exhibition returns to a country whose economy is being boosted by growing consumer demand spurred by higher disposable incomes. 

“Evinta DCS” by John Keells IT wins GOLD at NBQSA 2017

Evinta Departure Control System (Evinta DCS), a product by John Keells IT, won the overall GOLD award at the recently concluded British Computer Society’s National Best Quality Software Awards 

World’s tallest model apartment makes way for Achilleion

Sri Lanka’s foremost real estate giant, Blue Mountain, has announced 2nd November 2017 as the last day for prospective customers to view the majestic model apartment at Achilleion to experience 7-star 

Hameedia introduces iconic perfumes –Real Men & Envoy London’s Splendid Oud

Hameedia, Sri Lanka’s leading menswear specialist recently introduced Real Men, a perfume line comprising three unique scents. The middle uppernew line, which will be available at Hameedia 

‘My Friend Foundation’ Organizes Motivational Children’s Day Event

Aligned with its commitment to uplift the lives of children from economically underprivileged schools, My Friend Foundation organized an exclusive event to mark Children’s Day on 4th October 2017.

MullenLowe Sri Lanka Strikes Gold at the Effies Yet Again

MullenLowe Sri Lanka has once again taken home the Gold Award in the Foods category at the recently concluded 2016 Effie Awards for their innovative and inspired work on Marmite’s

Coca - Cola and AISEC forge Partnership to Empower Youth in Sri Lanka

Coca-Cola announced its partnership with AISEC in Sri Lanka at the Coca-Cola Youth Speak Forum on Saturday 14th October 2017. In fulfilling Coca-Cola’s “Sustainable Communities” approach 

Iconic Galaxy’s innovative 30:70 payment scheme receives overwhelming response

Iconic Developments Ltd, developers of the upcoming Iconic Galaxy project, announced that its unique payment plan which enables buyers to pay only 30 percent of the purchase price during construction and the remaining 70 percent on completion of the apartment will come to a close on October 31.

‘Excon 2017’ roadshow to be held in Colombo

Confederation of Indian Industry (CII), India’s Apex Industry Association, will hold a Road Show in Colombo on 25th October, in a bid to promote one of it’s iconic event, ‘Excon 2017’, South Asia’s largest event for Construction Equipment.

Pinnacle partners Floreat Homes to launch 333 Pinnacle, Negombo

Pinnacle Residencies, in partnership with Floreat Homes (Pvt.) Ltd, recently launched the luxury beachfront condo development, 333 Pinnacle, in Negombo.

Tesman Maloney awarded ICT Entrepreneur of the year 2017

At a night termed as the Oscar awards of the Sri Lankan ICT industry, where the professionals who had produced the most innovative and futuristic ICT products were assembled under one roof, 

US investor community hears a strong case for Sri Lanka in New York

The Invest Sri Lanka Investor Forum organised by the Colombo Stock Exchange (CSE) and Securities and Exchange Commission of Sri Lanka (SEC) in association with the CSE member firms, listed companies and supported by Asia Securities (event sponsor) and the Oxford Business Group 

Edotco brings ‘smart city’ telecom infrastructure solutions to Sri Lanka

Edotco Group Sdn Bhd, a global leader in integrated telecommunications infrastructure services, announced that they have begun work on the installation of the first neutral host poles and power solutions in Sri Lanka.

Insights and Analytics app wins at Mitra Innovation’s inaugural hackathon

Mitra Innovation, a Sri Lankan and UK based software engineering company held its first ever internal hackathon, called Hack’ed, and Team ‘Alfred’ powered its way through to first place recently. 

Top Lankan talent owns stage at Fonterra Infinity Awards Night 2017

More than 600 Fonterra Brands Sri Lanka employees came together this month to celebrate the dairy co-operative’s diversity and depth of talent at the inaugural Fonterra Infinity Awards Night 2017, which recognised the company’s inspiring leaders and top performers.