Futureworld relocates to spacious location

Futureworld     announced the relocation of their store to a more spacious location. Futureworld Lanka (Pvt). Ltd was incorporated in 2009 backed by the prestigious Singapore-based Thakral Group. 

DFCC celebrates Vesak with a Bakthi Gee recital

The DFCC Bakthi Gee recital was held at the DFCC Bank Head office on 5th May 2017 to commemorate Vesak, bringing together staff from across the branch network. The event was organized 

SLT Group reported Rs. 18.7 billion during the 1Q 2017

Sri Lanka Telecom Group released its results for the 1st quarter 2017. The group comprises of 7 subsidiaries and the Holding Company. 

CTC’s tax contribution to govt. revenue up in 1Q17

The total taxes paid by Ceylon Tobacco Company PLC (CTC), which holds a virtual monopoly on manufacturing and distributing of cigarettes in Sri Lanka, has increased year-on-year (YoY) and quarter-on-quarter (QoQ) despite the concerns that the higher taxes and recent price hikes could ultimately hurt the government revenue.  

Depressed bourse pushes CSE to propose relaxed rules on public float

New regulations proposing to grant exemptions for the current minimum public shareholding rules have been proposed due to a stagnant bourse, the Colombo Stock Exchange (CSE) officials said.

Shares slip; investors await clarity on tax

REUTERS: Sri Lankan shares ended marginally lower yesterday, slipping from a near one-year high hit last week, as investors waited for some clarity after the Finance Ministry said a new tax structure is being considered under reforms.

Rupee edges down on dollar demand

REUTERS: The Sri Lankan rupee ended slightly weaker yesterday as importer dollar demand surpassed early greenback sales by exporters, dealers said.

Mass resignations from Lanka Hospitals director board

A significant change appears to have taken place in the boardroom of the state-controlled Lanka Hospitals Corporation PLC (LHCL).

Higher taxes, currency losses hinder SLT’s March performance

Sri Lanka Telecom PLC (SLT), the leader in fixed line telephony in the country, saw its January-March (1Q17) quarter net profits declining amid the higher taxes slapped on the telecom sector and foreign currency translation losses due to rupee depreciation. 

ComBank March quarter profit up over higher loans, lower provisions

Commercial Bank of Ceylon PLC (ComBank) reported earnings of Rs.3.8 billion or Rs.4.28 a share for the January-March quarter (1Q17), an increase of 17 percent from a year ago, as the higher growth in loans helped to offset the pressing margins as the bank felt the rising cost of funds.   

NDBIB goes regional with Ooredoo Maldives IPO

NDB Investment Bank (NDBIB) recently launched the Initial Public Offering (IPO) of Ooredoo Maldives PLC (Ooredoo Maldives) on the Maldives Stock Exchange acting as the lead financial advisor and manager to the IPO. 

JKOA takes customer support to next level with SAP Hybris customer support module

Sri Lanka’s leader in office automation and a fully-owned subsidiary of John Keells Holdings, John Keells Office Automation (JKOA) recently inked an agreement with SAP Hybris to integrate an innovative product in to their customer service spectrum targeted at enhancing customer experience.  The SAP Hybris customer support module which will be launched shortly has been recognized globally for its functionality, user-friendliness and rep

Printers Association organises seminar in Kalutara

The Sri Lanka Association of Printers (SLAP) is holding its sixth in the series of free full-day workshops on May 20, 2017, at Panorama River View Hotel, Kalutara.

How to respond to China’s Belt and Road Initiative

In Beijing on Sunday, Chinese President Xi Jinping hosted a global summit on his Belt and Road Initiative under the aegis of the National Development Reform Commission’s (NDRC) China Centre for International Economic Exchanges (CCIEE), NDRC’s top think tank. This is part of a massive exercise in international diplomatic communication.

London Stock Exchange wins Markets Choice Awards for ‘Best Global Exchange Group’

 London Stock Exchange Group (LSEG) won the prestigious award for ‘Best Global Exchange Group’ at the fifth annual Markets Choice Awards (MCAs) held in New York last month. 

Sale of selfie expert OPPO F3 begins across Sri Lanka

The camera phone brand OPPO has kick-started the first sale of OPPO F3 across Sri Lanka.  The F3 is the second in line dual front camera selfie expert targeted towards the group selfie generation after the recently launched F3 Plus. 

Roundtable discussion on ‘Blue Economy’ in New Delhi

The Centre for Indo-Lanka Initiatives (CILI) of the Pathfinder Foundation (PF) will conduct a two-day round table discussion on Blue Economy with the Vivekananda International Foundation, in New Delhi today and tomorrow.

Visiting congressman lauds economy

A visiting US Congress member has given thumbs up for the economic achievements of the ‘good governance’ administration as a Finance Ministry statement quoted Congressman Bill Johnson as saying that Sri Lanka has achieved economic stability during the last two years. 

IFC to provide up to US$50 mn senior loan to Nations Trust Bank

DEALSTREETASIA.COM: International Finance Corporation (IFC) has proposed to provide a senior loan of up to US $50 million to Sri Lankan mid-sized private commercial bank Nations Trust Bank PLC. 

SAP Learning Hub exceeds half million subscribers with over 5mn accessed assignments

SAP SE announced that SAP Learning Hub has grown to over 500,000 users and is helping companies cut costs and time to train employees. 

PSA Airlines selects IFS Maintenix as maintenance management solution

IFS, the global enterprise applications company, announced that PSA Airlines (PSA), a wholly owned subsidiary of American Airlines and one of the fastest growing regional operators in North America, has selected IFS Maintenix to support its enterprise-wide fleet maintenance management needs.

‘Viceroy Special’ assures settling dues: Railways Dept.

The Railways Department said JF Tours and Travels (CEY) Ltd, which operates the ‘Viceroy Special’ tourist train with a steam engine, has assured to settle the due payments to the department.

BOC continues to dominate as No.1 brand for 9th consecutive year

Sri Lanka’s No.1 bank yet again reinstates itself as the No.1 brand in Sri Lanka for the 9th consecutive year according to the latest Brand Finance Sri Lanka’s records published on ‘Brands Annual’ by Media Services. 

SLRA launches Sri Lanka’s first Retailers’ Forum

The Sri Lanka Retailers’ Association (SLRA) will be organising the Sri Lanka Retailers’ Forum, which will be the first and foremost retail forum organised in Sri Lanka, and also is one of the flagship events the SLRA has lined up for the year 2017. 

Ironwood Investment ups stake in Abans Finance to over 30%

Ironwood Investment Holding (Pvt) Ltd. has increased its stake in Abans Finance PLC (AFSL) to 31.89 percent. Ironwood acquired 10.16 million AFSL shares for Rs.25 each through a rights issue, constituting 15.25 percent of the total shares in AFSL. Prior to the rights i

Epic Technology Group certified for latest ISO/ IEC 27001: 2013 version

Embarking on yet another milestone, Sri Lanka’s premier and award winning technology conglomerate - Epic Technology Group, synonymous for innovative technology solutions have been certified for the latest version

How to bring about the Asian Century

There are many reasons to be optimistic about the development prospects of Asia and the Pacific. If economic growth follows the recent trajectories, the average per capita income could rise sixfold by 2050. Asia’s share of global gross domestic product (GDP) would thus rise rapidly, from around 32 percent in 2015 to over 50 percent in 2050.

VirtusaPolaris among UK’s top employers for seventh consecutive year

VirtusaPolaris, the market-facing brand of Virtusa Corporation and Polaris Consulting & Services, Ltd., announced that it has been certified as one of the UK’s top employers. 

HNB appoints Majella Rodrigo as new Project Financing Business chief

HNB recently announced the appointment of Majella Rodrigo to head the bank’s Corporate Banking Project Finance team.

MyDoctor.lk bags two awards at BestWeb.lk 2017 competition

Organized by the ‘.lk’ domain registry BestWeb.lk was held for the 7th consecutive year, with the objective of recognizing excellence among Sri Lankan websites, based on visual appeal, usability and popularity among its users.