JKH subsidiary further trims holding in Union Assurance

John Keells Holdings PLC (JKH) subsidiary, Whittall Boustead Limited has further trimmed its stake in Union Assurance PLC to allow the insurer to work towards complying with the continuous minimum public holding rules of the Securities and Exchange Commission.

Anilana says in talks with Sampath Bank over loan defaults

Hospitality firm, Anilana Hotels and Resorts PLC (Anilana), said yesterday it was negotiating with Sampath Bank PLC to settle its loans in default, after the bank gave notice that Anilana’s mortgaged lands would be auctioned off.

Rupee ends weaker on importer dollar demand

REUTERS: The Sri Lankan rupee ended weaker yesterday as dollar demand from importers weighed on the spot currency, which traded for a second straight session after six weeks. The spot rupee started trading on Monday for the first time since May 5 when the Central Bank fixed the spot reference rate at 152.50. The spot rupee ended at 153.30/40 per dollar, weaker from Monday’s close of 153.18/23.

Lanka Marine Services launches digital bunkering

Lanka Marine Services (Pvt) Ltd, the bunkering unit of John Keells Holdings PLC (JKH), has launched several digital bunkering initiatives aimed at improving the customer experience during transactions, Ship & Bunker, a leading marine fuels industry news website said. 

Sri Lanka has lowest occurrences of teen smoking: study

Sri Lanka has the lowest prevalence of teen smoking (1.7 percent) in the world, a recent study by the US Centers for Disease Colombo and Prevention (CDC), revealed. The highest prevalence (35 percent) was in Timor-Leste.

HNB Ath Pavura—SL’s first reality to show to promote entrepreneurship and impact investment

HNB Ath Pavura is a new weekly show on Independent Television Network (ITN), Sri Lanka’s leading television channel that will promote social entrepreneurship and impact investment through an exciting reality TV show format, first time in Sri Lanka.

Lankatiles launches app packed with unique features

Lankatiles, the pioneers in wall and floor tile manufacturing in Sri Lanka, recently launched a tile app under its brand name ‘Lankatiles’– one of the first comprehensive apps by a Sri Lankan tile manufacturer. 

Stax gears up to assist local corporates on overseas market entry solutions

Stax Inc., a global strategy consulting firm, will host a week-long roadshow for corporates looking to explore emerging markets in areas like East Africa and the Mekong Valley. 

Lakshman Consolidated Company partners with Ashok Leyland India

Lakshman Consolidated Company (Pvt.) (Ltd) recently partnered with India’s Ashok Leyland as an authorised Ashok Leyland spare parts seller, opening up a world of opportunities for Sri Lanka’s Ashok Leyland bus, lorry and tipper truck owners.

Kenstar introduces exciting new bicycle range to Lankan market

Kenstar, with a history of over five decades in cycling, brings to the islanders a new range of bikes with a choice for children, ladies and without doubt, a total mountain bike range for all ride types.

Papyrus Papers celebrates 15 years of growth and leadership

Papyrus Papers, a name synonymous in Sri Lanka with fine paper, celebrates a 15-year journey of organic growth via logical diversification this month.

Sri Lankan hosts amazing ‘Rumble in the Jungle’ mountain biking race 2017

Sri Lankan Airlines successfully conducted ‘Rumble in the Jungle’ the premier mountain biking event that attracts local and international cycling pros and enthusiasts recently. Conducted for the fourth 

SWIM WEEK, Green Conscious Earth Sensitive

Swim Week Colombo's new position is to create an eco-system of practices that not only enhances the environment but empowers individuals to adopt practices and methods that unburden the 

Knorr Masterclass with George Calombaris Thrills Colombo’s Foodies

The excitement at “Cinnamon Life Presents George Calombaris, a Masterclass with Knorr”was at its zenith as lucky foodies thronged to see the celebrity chef and taste his mouth-watering food. While 

Jaguar Land Roverand Gorillazseek New Engineering Talentvia Alternate Reality

Jaguar Land Rover and Gorillaz are working together to recruit the next generation of world-class electronics and software engineering talent witha code-breaking challenge found in the virtual band’s

The Factory Outlet Rising above the shores of Galle

The Factory Outlet, known to be one of Sri-Lanka’s exclusive fashion retail provider opened its wings to penetrate a fashion concerned, design oriented audience living along the coast of Sri-Lanka. TFO 

Leo Burnett celebrates 18 years in Sri Lanka

Leo Burnett Sri Lanka,the local office of the global advertising network Leo Burnett Worldwide recently celebrated its 18thanniversary. Leo Burnett Sri Lanka has grown exponentially into one of the most 

Suncity Property Developers: A Trendsetter in the Construction Sector

A prominent presence in the construction industry for over two decades, Suncity Property Developers has entrenched its impressive credentials by successfully completing many luxury apartment 

Unilever Offers Hands-On Learning Experiences to Moratuwa Engineering Undergraduates

Unilever Sri Lanka, the nation’s number one employer of choice, recently marked the completion of its inaugural LEaD (Learn, Explore, Develop) training programat their head office. The event saw 18 

Avirate - High Summer Collection launch

Aviraté, an international lifestyle fashion brand owned by Timex Garments (Pvt) Ltd, recently unveiled its highly anticipated High Summer Transitional 2017 Collection, “Parisian Chic”at a Sneak Peek 

Sri Lanka’s bank credit against GDP among lowest in Asia Pacific: Fitch

Despite the record high banking sector credit granted in recent years, Sri Lanka’s private sector credit still stands amongst the lowest in comparison to the size of the economies in the Asia Pacific region, the data compiled by Fitch Ratings Lanka showed.  

Rupee ends weaker; spot trading resumes after 6 weeks

REUTERS: The Sri Lankan rupee ended weaker yesterday as dollar demand from importers weighed on the spot currency when it resumed trading after six weeks, dealers said.

Silicon Valley giants outrank many nations, says first ‘techplomat’

REUTERS: The top firms in California’s Silicon Valley carry more weight on the global stage than many countries, which makes building diplomatic relations with them increasingly important, the world’s first national technology ambassador said.

FinMin stresses need for climate-resilient infrastructure at AIIB conference

Sri Lanka’s newly appointed Finance Minister Mangala Samaraweera has emphasized the need for disaster-resilient infrastructure in the face of climate-related calamities, such as the deluge Sri Lanka experienced a couple of weeks ago.

Amãna Bank set to increase capital to Rs.10bn via rights issue

Amãna Bank has received an approval in principle from the Colombo Stock Exchange (CSE) for listing of additional shares to be issued through its proposed rights issue.  Upon securing the shareholder approval at the forthcoming extraordinary general meeting (EGM) on July 4, 2017, the bank plans to issue 1,250,695,267 new shares at Rs.3.80 per share in a ratio of one new ordinary share for every one ordinary share held. 

Selling assets to settle loans – negative signals?

Despite its natural and human resources, Sri Lanka has been unable to move forward without borrowing from foreign institutes and countries, which have their own terms and conditions, further impoverishing the beneficiary countries. Every government that comes into power and plans to remain in power,

SriLankan Airlines assists in disaster relief efforts

The staff members of SriLankan Airlines and SriLankan Catering joined the relief efforts carried outduring the recent floods that affected several areas of the country. 

Financial industry vie for recognition at LankaPay Technnovation Awards today

In a quest to drive financial inclusivity in the country by fueling the use of electronic transactions, Sri Lanka’s first and the only Payment Technology Innovation Awards – LankaPay Technnovation Awards 2017 gets underway tonight at Kingsbury Hotel Colombo under the distinguished patronage of Dr. Indrajit Coomaraswamy, Governor of the Central Bank of Sri Lanka, as the Chief Guest. 

Economic Summit to discuss competitiveness building of Lankan manufacturers

The upcoming ‘Sri Lanka Economic Summit 2017’ organized by the Ceylon Chamber of Commerce will conduct a dedicated thematic session to discuss, how important it is for the Lankan manufacturing sector to become competitive to attract global markets.

BMICH awarded prestigious Green Certification

Re-asserting its longstanding commitment to the environment, the S.W.R.D. Bandaranaike National Memorial Foundation (BMICH) was recently recognised with the prestigious ISO 14064-1:2006 pollution control certification, awarded by the Sri Lanka Climate Fund.