Rupee ends higher on inward remittances

RETUERS: The Sri Lankan rupee ended firmer yesterday as inward remittances and exporter dollar sales surpassed mild dollar demand from importers, dealers said.

Kirklees Estate amongst record books again

At the recently concluded tea auction of 13th September, Kirklees Estate had the distinction of establishing another all-time record price in the Uda Pussellawa category, when an invoice of Kirklees Estate Dust No-1 obtained a price of Rs.710/- surpassing  the previous record price of Rs.700 

Dolby Atmos introduced to Cine City Maradana

Sri Lanka’s first multiplex cinema ‘Cine City’, based in Maradana, became Sri Lanka’s first cinema to provide its cinemas with the all-new Dolby Atmos Digital Sound System, recently.

Asia markets pare N. Korea losses, Seoul and Tokyo end up

AFP: Seoul, Tokyo and Hong Kong stocks ended higher yesterday as traders brushed off initial concerns over North Korea’s latest missile launch while most other Asian markets managed to pare their losses.

FinMin presents equipment to Samurdhi beneficiaries

It is this government’s vision to rebuild international trade, which is known to have flourished in this country during the Anuradhapura and Polonnaruwa eras, said Finance and Media Minister Mangala Samaraweera at a ceremony held in Matara to hand over equipment to Samurdhi beneficiaries, who had benefited from the scheme and reached financial stability.

Coca-Cola’s Lion Soda team triumphs as Sports Day Champions

The employees of Coca-Cola Beverages Sri Lanka Ltd recently celebrated their Annual Sports Day at the CH & FC grounds. 

Sri Lanka unveils first SME incubator and national policy

Sri Lanka unveiled its first ever SME incubator this week and vowed its third generation economic reforms shall be led by innovation, technology transfer and SMEs.

TBWA\Sri Lanka - the only awarded Sri Lankan agency at AD STARS

TBWA\Sri Lanka continued its winning streak and was once again the only agency to be awarded metal at the prestigious AD STARS 2017 annual advertising festival, which took place in Busan,

Union Assurance expands branch network to augment services

Union Assurance (UA), being one of the leading insurance companies in Sri Lanka, which embraces achieving success through trusted protection, continuously focuses on its branch expansion strategy to extend its services throughout the island to cater all the communities. 

PLC now internationally CarbonNeutral certified

People’s Leasing & Finance PLC (PLC), Sri Lanka’s market leader in leasing and a subsidiary of People’s Bank, was recently awarded the internationally accredited CarbonNeutral certification by Natural Capital Partners (NCP) of the UK. 

ComBank wins two awards from UK’s International Banker

Commercial Bank of Ceylon won the awards for the ‘Best Commercial Bank of the Year’ and ‘Best Innovation in Retail Banking’ presented by the prestigious UK-based quarterly publication ‘International Banker’.

Union Bank becomes SL’s first bank to receive PCI DSS certification

Marking a significant turning point in data security protection, Union Bank became the first bank in Sri Lanka to receive the international payment card Industry Data Security Standard (PCI DSS) by the Security Standards Council. 

Amãna Bank introduces Online Account Opening

Amãna Bank has introduced the convenience of Online Account Opening to facilitate its customers with an easy and time-saving method of opening an account without going through the hassle of writing on forms. 

HNB-Visa announce new airport experience for cardholders with DragonPass launch

Sri Lanka’s most innovative bank, HNB PLC, announced a breakthrough partnership with Visa to deliver a special range of benefits for the HNB Visa Infinite and Visa Signature cardholders, including access to the world’s most prestigious airport lounges and an outstanding range of discounts. 

Running an effective administration is what people want

President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe sat down together last week at the BMICH to answer questions from the public. It was a good show for the coalition government. But, ironically today people measure their leaders by action not by what they say in public.

Unilever and UNGC partner to mobilize collective action towards achieving SDGs

Unilever Sri Lanka together with the United Nations Global Compact (UNGC) Sri Lanka hosted a discussion on public-private sector partnerships to achieve the 2030 Sustainable Development Goals (SDGs) at The Hilton Colombo, recently.

South Asian cities face US $ 215bn-worth flood risks

NEW DELHI: As global attention focused on hurricanes Harvey and Irma, more than 41 million people across South Asia battled floods and displacement.

Third Space Global opens new regional headquarters at Orion City

Third Space Global, a UK-based company, opened its new regional headquarters at Orion City recently to enhance the online learning experience for school children by recruiting young and intelligent Sri Lankans, who are required to undergo an intensive training programme on the newest teaching techniques.

iflix appoints Anil Jhingan as new Chief Commercial and Financial Officer

iflix, the world’s leading entertainment service for emerging markets, continues its investment in executive talent with the appointment of Anil Jhingan as the company’s Chief Commercial and Financial Officer.

Using smart technology to monitor generator performance

The advanced ComAp remote generator monitoring technology ensures that your generator is never down or disabled by using smart technology to monitor the performance and to send alerts when fuel or maintenance is required.

Payoneer partners eZ Cash to simplify cross-border payments

Payoneer, an innovative cross-border payments company transforming the way businesses pay and get paid globally, announced that it has partnered with eZ Cash, Sri Lanka’s leading mobile money network and a brand of the Dialog Axiata group, which commands 50 percent of the country’s mobile market.

Exports, govt.’s top priority, says Malik

The government yesterday emphasized on the importance of Sri Lanka getting its export equation right in the short to medium term so that the country can reap the benefits of a stabilized economy, despite some leading global economists increasingly cast doubts over the ability exports has to drive sustainable economic growth. 

Colombo Dockyard banks on ship repairs, heavy engineering to return to profitability

Colombo Dockyard PLC (DOCK), which has been navigating through rough seas in recent years, is hoping to return to calmer waters in the next financial year, backed by ship repairs and heavy engineering projects.

Tea veteran stresses need for disciplining export sector

Tea veteran and Dilmah Tea founder Merrill J. Fernando yesterday reiterated that the Sri Lanka’s tea export sector is in need of disciplining and stringent quality checks.

China Merchant to reveal plans for H’tota port

The China Merchant Port Holdings will declare its plans for the Hambantota port at the Ceylon Chamber of Commerce organized seminar titled ‘South Asia’s Emerging Gateway City.

PUCSL invites public views on electric vehicle charging station rules

The Public Utilities Commission of Sri Lanka is now engaging with the public to create regulations for electricity vehicle charging stations (EVCS) and consumer rights for EVCS users.

Sri Lanka plans 16% increase in borrowing in 2018

REUTERS: Sri Lanka plans to increase its overall government borrowing by 16 percent in 2018 to Rs.1.8 trillion (US $12 billion), a document showed this week.

Brandix named Sri Lanka’s Exporter of the Year for 5th successive year

The Brandix Group has topped Sri Lanka’s ranking of exporters for the fifth consecutive year in 2016 to be declared the country’s Exporter of the Year by the Export Development Board (EDB) at a ceremony presided over by President Maithripala Sirisena yesterday.

Teejay honoured at CNCI Achiever Awards 2017

Teejay Lanka PLC, the region’s largest multinational textile manufacturer, was honoured at the recently concluded CNCI Achiever Awards 2017, organised by the Ceylon National Chamber of Industries. 

Korea-Sri Lanka agro tourism project seeks Cabinet nod

Pastem-Gala Sugar and Power Gen 2 Project, a joint venture between Sri Lankan, Korean and US parties, is seeking Cabinet approval to set up a US$ 350 million agro-tourism and waste-to-power public-private partnership project in the country’s poorest region, Uva Province.