Pendulum Express Lines launches services to Colombo

Hong Kong registered Pendulum Express Lines (PEL) has launched its services (PIX) to Colombo recently.  The Pakistan India E

KDK @ Construction Expo 2017

Elite Radio & Engineering Co., (Pvt) Ltd. sole agent for KDK brand fans participated at Construction Expo 2017 as Gold Sponsor, seen here is is CEO SurenKundanmal explaining the concept of IAQ - Indoor Air 

Seylan Bank wins 2 Golds at Golden Globe Tiger Awards 2017

The most socially-engaging bank in Sri Lanka, Seylan Bank, won two major international awards for its performance on the social media platform at the Golden Globe Tigers Awards 2017 organised by the CMO Asia team. 

Art of speculation in stock markets

Speculation plays a key role in stock markets. The stock market and all its fluctuations are entirely based on millions of transactions that occur between buyers and sellers each day. Each of these buyers and sellers has different reasons for their activity, but all, at least a little bit, are based on speculation. Thus, speculation is not limited to speculative stocks—stocks with a high degree of risk. 

HSBC sees fewer London jobs move on softer Brexit hopes

REUTERS: HSBC sees the chances of a hard Brexit receding after Britain’s shock election result, which could result in fewer jobs moving out of London, its investment bank chief said.

Top leaders believe in Pareto’s 80/20 rule and focus on their key result areas

Your key result areas as a leader are those things that you absolutely, positively must do to fulfil your responsibilities and achieve your business goals. There are seldom more than five to seven key result areas in any job or in any business. Your job is to determine what the key result areas are for your work and then to develop a plan to complete them and continually improve in each area. 

IPM Great HR Debate tomorrow

The winners of the two semi-finals, Airtel and CDB, will battle it out for the IPM Great HR Debate Champions Trophy at the IPM National HR Conference to be held on June 20, 2017, at the BMICH.

SLIM opens Strategic Brand Management Diploma for aspiring brand managers

Sri Lanka Institute of Marketing (SLIM) announced the latest intake for the Diploma in Strategic Brand Management (DSBM) at The Kingsbury Hotel recently. 

Sri Lanka’s PR Wire honoured as Gold winner at 2017 PR World Awards

Sri Lanka’s PR Wire has earned the prestigious PR World Awards for the Single Boutique Office Category. 

eMarketingEye achieves six wins at Interactive Media Awards

After a record-breaking performance at international competitions in 2016, eMarketingEye (www.emarketingeye.com), the award-winning Sri Lankan digital marketing agency and a pioneer in the industry, welcomed the new year with six ‘Best in Class’ wins at the prestigious Interactive Media Awards (IMA) competition held recently.

Soaring to great heights via secured digital transformation

It’s safe to say that the next industrial revolution is here. And for businesses trying to play a part in it, they must transform digitally. Equally, if businesses are to survive in this digital world, their IT infrastructure and security demand the utmost attention to the hyper growth of technologies that surrounds them. This is why digital transformation is like a double-edged sword -- a crude analogy, but true nonetheless.    &

Gamer.LK crowns ICBT as Inter-University eSports Championship 2017 winner

For the second consecutive year, Gamer.LK, the country’s multi-genre video gaming community powered by digital entertainment enthusiasts, brought the thrill and excitement of eSports to the university level, with Inter-University eSports Championship 2017 – powered by Dialog Gaming

CSSL calls for nominations for Excellence in ICT Awards 2017

The Computer Society of Sri Lanka (CSSL), the premier organisation dedicated to promoting and improving professional standards in the information communication and technology (ICT) sector of Sri Lanka, has called nominations/applications for its CSSL ICT Awards 2017, which celebrates excellence in ICT.

Listed company earnings dip amid challenging business environment

Sri Lanka’s listed entities have put up a poor show for the first quarter of 2017 (1Q17) as their cumulative recurring profits saw a significant decline from the corresponding quarter of the previous year reflecting the tougher economic conditions and weaker business and consumer sentiment engulfing the country’s business landscape.   

SL’s state-owned banks’ market share on decline: Fitch

Sri Lanka’s state-owned lenders such as Bank of Ceylon, People’s Bank and National Savings Bank, have slightly lost their market share to privately held banks during the last three years, Fitch Ratings said.

Shippers call for total liberalization of maritime sector

Sri Lanka Shippers’ Council (SLSC) immediate past Chairman Sean Van Dort called for the total liberalization of the maritime sector, when he said age old walls have to be brought down for the island nation to fully benefit from the seas surrounding it. 

Sunshine mulls closing struggling packaging subsidiary

Diversified conglomerate Sunshine Holdings PLC is currently evaluating the possibility of shutting down operations of its fully-owned packaging subsidiary, Sunshine Packaging Lanka Limited, by end-August, a filing to the Colombo Stock Exchange said.

SriLankan Airlines says Airbus agreed to change A350 order

REUTERS: Airbus is willing to change the terms of an order for four A350-900s from SriLankan Airlines to different planes, the struggling state-run carrier said last week. 

Govt. invites bids for ferry transport system in Colombo

The Sri Lanka Land Reclamation and Development Corporation (SLLRDC), under the Ministry of Megapolis and Western Development, has called for tenders for the first leg of the proposed ferry transport system in Colombo. 

Edulink launches international journal on entrepreneurship

Edulink International Campus, once again plays the role of being a leader in the education industry in nurturing entrepreneurship amongst the youth in the country by launching an international journal on entrepreneurship titled as ‘International Journal of Management and Entrepreneurship’.

Envoy Mansion opens doors to NEGC privilege membership programme

The iconic men’s wear brand Envoy Mansion in association with Channel17 warmly welcomed the membership of Nuwara Eliya Golf Club (NEGC) to enjoy premier fashion and luxury lifestyle at their plush showroom at Bagatalle Road in Colpetty. 

Gamma and Interpharm open quality control laboratory

The new quality control and quality assurance laboratory of Gamma Pharmaceuticals (Pvt) Ltd., and Interpharm (Pvt) Ltd., was declared open by Kalana Hewamallika, the Chairman and the Managing Director of the two companies recently at the factory premises of the companies’ at Madapatha Road, Piliyandala.

Laugfs shares light of Vesak, Poson celebrations with employees, communities

Laugfs initiated a series of programmes themed ‘Laugfs Sadaham Prarthana’ to mark the Vesak and Poson poya days. 

Waters Edge breaks ground for extensive expansion project

The Waters Edge Hotel, Battaramulla broke ground for its extensive expansion project of the 4-floor banquet facility this week, with the objectuve of providing a unique ballroom experience along with the country’s largest banquet facility to visitors by the end of next year.

Rupee edges down on importer dollar demand; stocks up

REUTERS: The Sri Lankan rupee traded slightly weaker yesterday as dollar demand from importers weighed on the local currency, dealers said.

IMF takes ‘unusual’ steps for Greece

AFP: By promising Thursday to approve a new aid plan for Greece, but without releasing any money, the IMF has again departed from its usual procedures to support Athens, exposing itself to accusations of giving the country special treatment. 

BoJ chief says no plan for monetary easing exit

AFP:  The Bank of Japan’s governor yesterday ruled out pulling the plug on its massive monetary easing plan anytime soon, even as his counterparts overseas move in the opposite direction.

Tesco lifts food sales despite rising UK inflation

AFP:  Britain’s largest retailer, supermarket group Tesco, reported yesterday rising sales during its first quarter as it looks to turn a corner after an accounting scandal.

Britain’s Hammond says ‘growth and jobs’ Brexit priority

AFP:  British Finance Minister Philip Hammond yesterday said London Britain must prioritise prosperity in Brexit talks with the EU that begin next week in Brussels.

Asian markets mostly up, dollar and pound extend gains

AFP: Asian markets mostly rose yesterday following a sell-off the previous day, while the dollar and pound extended gains on growing expectations of a hike in US and British interest rates.