Ceylon Chamber assists importers to buy goods at factory cost

A programme launched by the country’s premier business chamber, the Ceylon Chamber of Commerce (CCC), facilitating Lankan importers to buy goods at factory cost, has yielded modest results, the CCC said.  

Royal Ceramics mulls overseas production due to difficulties in acquiring raw materials locally

Business magnate Dhammika Perera’s tile monopoly, Royal Ceramics PLC (RCL), is considering investing in production facilities overseas due to the difficulties in sourcing raw materials locally.

Profit-booking pushes market down; foreign buying to date tops Rs.20bn

REUTERS: Sri Lankan shares yesterday ended at their lowest in near two weeks due to profit-booking in banking shares, but foreign inflows helped curb losses.

Why talk of bank capital ‘floors’ is raising the roof

Calculating how much capital banks should have is often a bone of contention between regulators and banks. While there has been considerable progress on reaching consensus on an international standard, one key issue remains unresolved. This is a proposal to establish a ‘floor’ or minimum, for the level of capital the largest banks must maintain.

As inflation eludes, US rate-hike bets lose shine

A surprisingly weak run of US inflation data has investors backing off bets the Federal Reserve will meet its three targeted interest rate hikes this year and has breathed fresh life into the bond market after a rough start to the year.

SIA and Aitken Spence Aviation offer assistance to victims of floods, landslides

Staff of Singapore Airlines and its GSA Aitken Spence Aviation Pvt Ltd, officially handed over several emergency relief items to the team from Aitken Spence Garments based in Koggala and Mathugama to be distributed among the victims of the recent floods and landslides.

Lamudi Lanka to host third Real Estate Expo this weekend

Leading property portal Lamudi Lanka (Pvt) Ltd., will host its third Real Estate Expo this weekend.  The event is set to provide direct access to the real estate world with a range of presenters and exhibitors showcasing Sri Lanka’s best property and home services to buyers, sellers and investors.  The third expo is scheduled to take place on the 17th and 18th of June at the Taj Samudra Hotel from 10am to 7pm on both days. 

Crown Paints enjoys successful reign at Construction Expo

Crown Paints reigned supreme at the recently concluded Construction Expo 2017 at the BMICH. The JAT Holdings stall which literally held centre stage at the exhibition was designed as Buckingham Palace symbolising the fact that it is the only paint in Sri Lanka which is a Royal Warrant Holder by explicit appointment to HM The Queen; a title which has withstood the passage of time over two centuries.    

Decorating your home with luxurious Fine Furniture

Fine Furniture Sri Lanka, a retail store, unveiled its newly expanded showroom space of 15000 square feet spread across three floors located at Nawala Road, Rajagiriya recently.

Skyline Kotte reaches final phase; to be unveiled this December

Skyline Kotte has reached its final phase of construction and is to be unveiled by December, 2017.  Located at No. 633, Bangala Junction, Kotte, the 30-unit luxury apartment complex provides 5-star living at an affordable price.  Complete with a rooftop swimming pool, sauna, Jacuzzi, spa and gymnasium, Skyline Kotte brings a new level of luxury to the lush, green hideout of Kotte. 

The Majestic Princess arrives at Colombo port!

Princess Cruises’ most luxurious ship, The Majestic Princess, called at the Colombo port yesterday on her 49-day maiden voyage from Rome, Italy to Shanghai, China.

Ranaya achieves all-time record on maiden sale

Ranaya Tea Factory achieved an all-time record price of Rs.695 for a BM grade in the Off Grade category on its very first appearance at the weekly tea auctions held on June 6, 2017.

Habitat for Humanity launches India-funded housing project in Central Province

As part of the Government of India’s commitment to construct 50,000 homes in Sri Lanka, the High Commission of India has launched a project to construct 4,000 homes for plantation workers in the Central and Uva Provinces. 

Managing disasters: It’s time to shift gears

While there are so many waiting to find fault with the present government, we should also be thankful to our president for taking a very bold and timely decision to stop the importation of vehicles for all government institutions this year, considering the outcome of the adverse weather conditions that caused havoc in the country.

DFCC Bank together with Synapsys introduces Oracle Planning and Budgeting Cloud Service

DFCC Bank and Synapsys along with their partner Oracle recently launched the Oracle Planning and Budgeting Cloud Service together with a Customer Profitability Analytics (CPA) system, which is built on Oracle’s leading platform. 

EDB organises Sri Lanka’s participation at ‘SIAL Canada 2017’ in Toronto

The Export Development Board (EDB) organised Sri Lanka’s participation at the ‘SIAL Canada 2017’ recently in Toronto, Canada, in collaboration with the Sri Lanka Consulate in Toronto and Trade Facilitation Office (TFO) Canada.

ComBank’s online banking customers win iPhones

Six Commercial Bank customers who used the bank’s online banking service over three months have been rewarded with iPhones under a promotion conducted by the bank. 

CDB March quarter net up 22% over lower provisions

Citizens Development Business Finance PLC, a licensed finance company commonly known as CDB, for the March quarter (4Q17) reported earnings of Rs.394.4 million or Rs.7.26 a share, which translated to an increase of 22 percent year-on-year (YoY), the interim financial accounts showed.  But the company’s core-financing business and fee incomes were seen adversely impacted by the rising interest rates and also perhaps by the slowdown in l

Visa supports flood relief efforts

In response to the devastating floods in Sri Lanka, Visa has stepped forward to help flood relief efforts by donating US$ 50,000 to the Sri Lanka Red Cross Society. 

NCCSL announces National Business Excellence Awards 2017

Winning the National Business Excellence Awards (NBEA) has helped Lanka Orix Leasing Company (LOLC) Group to become the most profitable entity in Sri Lanka, its Chief Operating Officer and Chief Legal Officer Kithsiri Gunawardena said.

Prime Group unveils show house of Prime Grand apartment project

The show house of the Prime Group’s, Rs.25 billion ‘Prime Grand - Ward Place’ apartment project in Colombo - 7, which is expected to be completed by 2020, was officially opened to prospective customers recently.

Mastercard lends support to World Food Programme’s flood relief efforts

Lending its support to the innumerable Sri Lankans affected by torrential rains, Mastercard announced that it has partnered with the United Nations World Food Programme’s (WFP) flood relief efforts in Sri Lanka.

NTB carries out disaster relief efforts

Nations Trust Bank mobilized its CSR funds, and volunteers in putting together 500 family packs of dry rations as flood relief that were handed over to Sri Lanka Air Force disaster relief collection point at the Rathmalana Air Force Base. 

NDB staff helps flood victims

Sri Lanka faced severe damage due to the recent catastrophic floods which devastated most parts of the country. 

EFL strengthens international management team

Leading logistics provider EFL announced the appointment of three new Independent Directors to its international board as part of its ongoing efforts to add international expertise to its management 

Blue Mountain spreads light for Poson celebrations in Townhall

Blue Mountain’s erected lanterns to brighten up the streets of Colombo for Poson. This initiative carried out in partnership with the Colombo Municipal Council to celebrate the poya. Like with every 

Hameedia’s ladies collections and offers this Ramadan

This Ramadan, Hameedia is offering a range of exciting offers and collections, exclusively for ladies. Whether it’s a rich embroidered shalwar or a classic shawl that you’re in search of, you can now stock 

2016/17 Annual report shows airline’s annual revenue has increased by 10.4 per cent

Qatar Airways today released its annual report for the fiscal year 2017 (April 1st 2016 to March 31st 2017) revealing a 21.7 per cent year-on-year net profit increase. The results also show an annual 

Mastercard Lends Support to World Food Programme’s Flood Relief Efforts in Sri Lanka

Lending its support to the innumerable Sri Lankans affected by torrential rains, Mastercard has partnered with the United Nations World Food Programme’s (WFP)flood relief efforts 

SLIM invites entries for NASCO awards to Champion Sales Personal

Sri Lanka Institute of Marketing (SLIM), the national body for  marketing, invites organisations to nominate outstanding individuals from their sales teams for the National Sales Congress (NASCO),