‘Ekata/Onraa’ social media campaign to target Sri Lanka’s skilled labour shortage

The idea among the general public is that statistics relating to Sri Lanka’s educational achievements look outstanding. However the reality is that there is a vast gap between skilled and unskilled labour.  To address this issue from the grassroots level, the government together with the private sector and civil societies has embarked on a social media campaign called ‘Ekata/Onraa’ to support Sri Lanka’s economic grow

ECL’s design and supervision expertise contribute to BIA runway upgrade success story

The recent resurfacing of the runway of Sri Lanka’s Bandaranaike International Airport marked an important milestone in the country’s aviation history. 

Ceylon Chamber and Customs to conduct seminar series on export and import procedures

The Ceylon Chamber of Commerce, in association with the Department of Sri Lanka Customs, will organize a series of half day seminars on export and import procedures in order to help exporters maximize opportunities in the  global market.

OPPO to web you in an enchanting journey in association with Spider-Man: HomeComing

The ever-evolving Camera Phone  brand  OPPO  has  established  an association with Sony Pictures on the much-awaited superhero movie, Spider-Man: HomeComing, in theaters from 08th July.

Etihad Airways Reports Net Loss For 2016

Etihad Airways today announced its 2016 financial results, recording a net loss of US$ 1.87 billion on US$ 8.36 billion in revenues as one-off impairment charges and fuel hedging losses weighed against

Ceylon Association of Shipping Agents Elects Ruwan Waidyaratne of Hayleys Advantis as Chairman

The Ceylon Association of Shipping Agents (CASA) announced that Mr. Ruwan Waidyaratne, Managing Director – Hayleys Advantis Limited, had been unanimously elected as its Chairman for 

Five star quality: National Bocuse d’Or chefs compete using fresh Round Island Barramundi

Oceanpick, Sri Lanka’s producer of oceanic barramundi; supported Sri Lankan chefs as their Seafood Sponsor when they entered the Bocuse d’Or competition, a biennial global culinary competition

Coca-Cola Returns to Partner with Sri Lanka Cricket

Coca-Cola has entered into a 3-year partnership with Sri Lanka Cricket (SLC) as the ‘Official Carbonated Beverage Partner’ from 2017 – 2020. 

mCash is the payment solution for newly-launched Ceylinco Customer App

mCash is the first to integrate as a mobile payment solution to power the newly-launched Ceylinco Customer App. Ceylinco General Insurance has partnered with mCash to offer third party insurance 

Qatar Airways Boosts Colombo Service To Four Daily Non-Stop Flights From 1 August 2017

Qatar Airways has announced it will introduce a fourth daily non-stop service from Doha to Colombo from 1 August, 2017.

Blue Mountain Group introduces CrossFit Colombo and a luxury leisure pool complex

The Blue Mountain Group recently introduced CrossFit Colombo, along with a luxury leisure pool complex, as the two latest value additions to the group’s state-of-the-art sports and wellness complex, OSMO Fitness. 

Manufacturing operations hinder Cold Stores June bottom line

Ceylon Cold Stores PLC (CCL), the John Keells group’s retail and manufacturing subsidiary, saw its net profits for the June quarter (1Q18) falling 21 percent year-on-year (YoY) to Rs.675.80 million due to a weakened performance of its manufacturing unit.

Lycamobile launches operations in Ukraine

Lycamobile, the world’s largest mobile virtual network operator (MVNO), announced that it has launched its services in Ukraine, in partnership with national telecom operator Ukrtelecom and its mobile vehicle 3Mob. 

SEC Commissioner Wijesinha commends CB Governor for his optimism

Optimistic on the future prospects, the country’s Central Bank chief this week assured the local business community that it would see stability in the immediate future and time is ripe for it to take advantage of the current favourable circumstances ever witnessed in Sri Lanka’s history.

Saudi Prince meets Malik

A delegation led by Prince Fahad Bin Muqrin Bin Aziz Al- Saudi, a renowned businessman and member of the House of Saudi Arabia, was on a visit recently to explore the investment opportunities in Sri Lanka. The delegation met Development Strategies and International Trade Minister Malik Samarawickrama at the ministry. 

Fifth CFA Capital Market Awards to be held next month

The CFA Society Sri Lanka announced the holding of the fifth Capital Market Awards on August 01st. The award ceremony recognises and rewards professionals who have established industry benchmarks and spearheaded governance and ethics to advance the domestic capital market. The theme of this year’s event will be to ‘Sharpen Your Investment Edge’ focusing on consumerism and macroeconomic fundamentals driving the consumer sector in

Allianz Lanka recognized as one of nation’s foremost employer brands

Allianz Lanka announced that it has been recognized as the ‘Best Employer Brand’ at the Sri Lanka Best Employer Brand Awards 2017 held recently. 

JKOA rewards outstanding dealers

Sri Lanka’s leader in office automation and a fully-owned subsidiary of John Keells Holdings PLC, John Keells Office Automation (JKOA) took pride in rewarding its dealers who made outstanding contributions to the company’s performance last year. 

Forgotten professions: Plight of a nation

The Sri Lankan public has become the unfortunate victim of the nation’s health and sanitation crisis. The policymakers are questioned by both the public and media of their inability to manage the ongoing situation. 

Lanka Special Steels clinches Gold at NCQP

Lanka Special Steels Ltd., a subsidiary of E. B. Creasy & Co. PLC, was adjudged Gold Award winner in the National Convention on Quality and Productivity 2017, held at Sri Lanka Foundation Institute recently. 

Lanka IOC puts extra efforts to maintain fuel supplies

Lanka IOC PLC has made extra-ordinary efforts for ensuring round the clock supply of petrol and diesel in the country during the strike called by Ceypetco. 

LIRNEasia CEO Helani Galpaya appointed to GPSDD board

LIRNEasia CEO Helani Galpaya was recently appointed to the board of the Global Partnership for Sustainable Development Data (GPSDD).  

H’tota port deal will go ahead despite protests

A firm talking state finance minister yesterday asserted that the controversial Hambantota port deal would go through regardless of the protests against it.

NDB June quarter net profit up 40% on strong loan growth, better margins

National Development Bank PLC, the development lender turned commercial bank, reported earnings of Rs.4.48 a share or Rs.748. 1 million for the April -June quarter, recording an increase of 39.7 percent from a year ago as the bank managed to maintain the growth in advances and margins despite difficult market conditions, the interim financial accounts showed.

Piramal Glass Ceylon first quarter profit hurt by lower sales, higher finance costs

Piramal Glass Ceylon PLC, the local unit of Piramal Glass Limited, India reported earnings of 11 cents a share or Rs.105 million for its April – June quarter (1Q18), down from 12 cents a share or 4.5 percent from the same period last year as sales weakened and the finance cost shot up. 

Finance Ministry slashes import duty on milk powder

The Finance and Mass Media Ministry this month has slashed the import duties on milk powder to negligible levels, as the global dairy prices show signs of continuous recovery after reaching a 10-year low in late-2015.

Shangri-La Hotels Lanka’s ‘The Mall at One Galle Face’ signs mega deal with Odel

Shangri-La Hotels Lanka Pvt Ltd has inked an agreement to partner with Odel, Sri Lanka’s premier fashion and lifestyle department store owned and managed by Odel Plc, a subsidiary of Softlogic Holdings PLC. 

ADB sees improved growth prospects for developing Asia

Economic growth prospects in developing Asia for 2017 have improved on the back of stronger-than-expected export demand in the first quarter of this year, according to a new Asian Development Bank (ADB) report.

Sampath Bank HR Head receives HR Leaders’ Award

Sampath Bank PLC Human Resources Head Lalith Weragoda was awarded the ‘IPM Sri Lanka HR Leaders’ Award’ for the ‘Industrial/Employee Relations’ category at the National HR Excellence Awards 2017 held recently. 

Euromoney honours Sampath Bank as ‘Sri Lanka’s Best Bank’

Sampath Bank, a name synonymous with the future of banking in Sri Lanka has long been a trail blazer in the industry with a long list of accolades to their name.