Pearl Grand Tower Hotel chooses Otis elevators

Aitken Spence Elevators has worked with the Pearl Group of Hotels as the exclusive elevator solutions provider for its newest unveiling – the Pearl Grand Tower Hotel.  

Seventy seven hospitality professionals to graduate from SLITHM today

The country’s premier hospitality education provider, Sri Lanka Institute of Tourism and Hotel Management (SLITHM) will be conducting its 38th graduation ceremony at the BMICH today.

The Marina,Bolgoda- A host venue like no other

Positioned upon the tranquil waters of the Bolgoda Lake, boasting of cutting-edge facilities and unmatchable service, Debug Hospitality and Leisure presents a venue like no other - The Marina.  

Going places with Gabo Travels and Trafalgar: Unique stays and authentic experiences

Gabo Travels (Pvt) Ltd has partnered Trafalgar since 1994. Winner of the ‘GSA of the Year Award’ in 2014 (Asia Pacific) they offer unmatched expertise for your holiday.

Deshal to join Finance Ministry

Economist Deshal de Mel, who was working for businesses controlled by tycoon Dhammika Perera, will be trying his hand at public service by joining the Finance Ministry as an Economic Advisor, Mirror Business learns. 

June inflation edges up to 6.1%

The Central Bank’s preferred gauge of inflation, the Colombo Consumer Price Index (CCPI), in the month of June rose by 6.1 percent from a year earlier, picking up from 6.0 percent in May, according to the data released by the country’s statistics office.

Dinesh appointed to HNB board

Former Commercial Bank Chairman Dinesh Weerakkody has been appointed to the board of Hatton National Bank (HNB) as a Non-Executive Non-Independent Director with effect from June 29, 2017, according to a filing with the Colombo Stock Exchange. 

Watawala to spin-off tea business

Watawala Plantations PLC (Watawala), a part of the Sunshine group, will be segregating its tea business in order to list it under a new company on the Colombo Stock Exchange, a disclosure to the trading floor of the bourse said.

Sampath Bank to raise Rs.6bn via convertible debentures

Sampath Bank PLC last week announced plans to issue debentures to raise up to Rs.6 billion in view of the BASEL III capital adequacy rules and also to support growth. 

Tepid response for Fairway Holdings mandatory offer on Multi Finance

The mandatory offer made on the balance shares of the troubled Multi Finance PLC by its majority shareholder, Fairway Holdings (Pvt) Limited, ended last week with very little response from the minority shareholders.

Minister vows to fast-track East Container Terminal

The government will fast-track the delayed development work on the East Container Terminal (ECT) of the Colombo port, Ports and Shipping Minister Mahinda Samarasinghe told an audience of logistics and transport professionals in Colombo, last Friday. 

ICC streamlines issuing Carnet permits

The International Chamber of Commerce Sri Lanka (ICCSL), the sole authorized entity in the country to issue ‘ATA Carnets’, has streamlined the issuing of the permits by reemphasizing that the ATA Carnet is the perfect choice for  a hassle-free importation of goods via the Customs. 

Sri Lanka–Italy Business Council holds 18th AGM

The Sri Lanka–Italy Business Council of the Ceylon Chamber of Commerce held its 18th annual general meeting (AGM) at the Ceylon Chamber of Commerce recently.

IFAD US $ 33.7mn financial assistance to implement SAP Programme

The International Fund for Agricultural Development (IFAD) and Government of Sri Lanka signed the financial agreement recently for the implementation of the Smallholder Agribusiness Partnership (SAP) Programme.

FCCISL-CH17 Loyalty launch Privilege Programme

The informal micro sector and small and medium entrepreneurs (SMEs) will soon get a ‘shot in the arm’ to boost their businesses through a combined initiative of Commercial Bank, Sri Lanka Telecom (SLT) and the programme initiator CH17 Loyalty in association with the Federation of Chamber of Commerce and Industry (FCCISL).

A look into evolution of data centre storage

It has been over sixty years since IBM introduced the first disk, the IBM 350, which was the size of a large wardrobe, with a capacity for storage of 3.75MB. 

Do you really have what it takes to be a visionary business leader?

What does it mean to be a visionary business leader? Vision in business requires that you clearly see where you choose to be in future and formulate the necessary steps to get your organisation there. Creating and sustaining a vision for an organisation calls for discipline and creativity.

Sri Lanka signs ground-breaking agreement for Asia’s tallest tower

The World Capital Centre (WCC) signed a US$ 2 billion investment agreement with the Board Of Investment (BOI) yesterday, for the much hyped and long awaited tallest building in the Asian region and the 9th tallest to be in the world.

Spanish govt. pledges assistance to expand investment in Sri Lanka

Spain has well recognized the foreign policy of Sri Lanka and it has helped much to strengthen diplomatic ties between Spain and Sri Lanka, says Ambassador of Spain in Sri Lanka Jose Ramon Baranano Fernandez.

Global debt surges to over US$ 28,000 per person

Global debt has grown by US$75 trillion to $217 trillion in the decade since the 2007-08 financial crisis, reaching US$28,900 for every man, woman and child in the world according to a new report. Global debt levels surge.

Rupee steady on exporter dollar sales; stocks up

REUTERS: The Sri Lankan rupee traded steady yesterday as mild importer dollar demand was offset by greenback sales by exporters and banks, while expectations over a rise in imports pressured the local currency, dealers said.

PUCSL asks CEB to develop 12 new electricity generation expansion plans

Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator has asked the Ceylon Electricity Board (CEB) to develop 12 new scenarios which will provide different power plant combinations to generate electricity for next 20 year and submit the plans on or before 07th of July 2017.

Asian markets hit by Central Bank signals to end low rates

AFP: Asian markets went into reverse yesterday after Wall Street and Europe suffered hefty losses in response to Central Banks’ signals that the end to the era of cheap money was drawing near.

Gamer.LK to hold Mercantile eSports Championship on July 15

For the second consecutive year, Gamer.LK is bringing the thrill of competitive video gaming to your workplace with the Mercantile eSports Championship – powered by Dialog Gaming. 

HFHSL constructs 80 homes in Kegalle District

In celebration of the National Housing Day, Habitat for Humanity Sri Lanka (HFHSL) ceremoniously handed over 80 houses constructed for families affected by landslides in the Kegalle District in Aranayake, Sri Lanka. 

Hotel Show Colombo 2017

Hotel Show Colombo 2017, one of the leading specialized trade shows for the hotel, restaurant and food service sectors was inaugurated by Minister of Tourism Development and Christian Religious  Affairs, 

Amazon launches ‘try-before-you-buy’ fashion service

REUTERS: Amazon.com Inc. wants to turn your living room into a fitting room.

Mabroc Bubble Tea expands with third outlet at Crescat

Following the launch of its flagship store in August 2016, Mabroc Bubble Tealaunched its third outlet located at Crescat Boulevard, recently. 

ICEI-Overseas with Ecowave open ‘Spice Unit’ to improve marginalized farmer livelihoods

ICEI and Overseas, international organisations together with ‘Ecowave’, which is a local social enterprise, had successfully worked on areas of rural development and eco-tourism in Sri Lanka since the year 2005. 

Grow your Business 2017 exhibition in September

The chance to assess, learn, interact and develop new business contacts, explore further prospects for business expansion, learn about the latest trends and technologies and much more will be made possible at the ‘Grow your Business’ exhibition at BMICH from September 8 to 10, 2017, with free entrance.