‘Kandy Mums’ organizes grand sale to help Central Province biz women

‘Kandy Mums’ has organized a grand sale of baked goodies, clothes, food items, shoes, costume jewelry, painting, perfumes and much more on April 1st to be held at the Queens Hotel Ballroom.

DSI opens latest showroom in Bandarawela

March 15th marked the opening of a brand new DSI showroom in Bandarawela.  The new showroom, which is the 3rd DSI showroom to be opened in the city, is located at Dharmawijaya Mawatha, Bandarawela.

Fashion Bug opens 17th store in Wellawatta

Fashion Bug, one of Sri Lanka’s leading retail clothing stores with over 16 outlets islandwide, opened their 17th store in the heart of Wellawatte.

Sampath cardholders get 30% savings on channeling services with Doc990

Sri Lanka’s cutting-edge digital health portal, Doc990, is presenting unbeatable savings to Sampath cardholders. 

Samsung introduces innovation-driven QLED TV in Paris

Offering users an unparalleled viewing experience, Samsung Electronics’ QLED TV launched at the Carrousel du Louvre in Paris recently. 

Imperium partners Backbase omnichannel solution

Imperium (Pvt.) Ltd, a leading software development and solutions company, has been appointed as the authorized partner in Sri Lanka for Backbase, the world’s leading omnichannel solution for banks and insurance companies. 

Experience true style and comfort with Skechers

Accentuating its commitment to providing an ultra-comfortable and fashionable approach to a healthier lifestyle, Skechers predominantly uses an ergonomically engineered Memory Foam sole in its footwear. 

Huawei and Software AG to deliver complete Internet of things solution

Huawei, a leading global information and communications technology solution provider, has announced a new partnership with Software AG to support the increasing demand from companies for a complete one-stop shop, Internet of things (IoT) solution.

Epic Technology sets up research and innovation centre at Moratuwa Uni

Sri Lanka’s premier and award-winning technology conglomerate – Epic Technology Group, synonymous with innovative fintech Solutions, has come forward to construct a state-of-the-art research and innovation lab at the University of Moratuwa (UoM), the country’s leading technological higher education institute.

Laugfs to borrow US $ 42.6mn for LPG terminal

In order to finance the group’s flagship LPG terminal in Hambantota, Laugfs Gas PLC has provided a corporate guarantee to the tune of US$ 42.6 million as security to its fully-owned subsidiary Laugfs Terminals Ltd to obtain a long-term loan from People’s Bank. In a filing to the Colombo Stock 

Rupee ends weaker on dollar demand from state bank

REUTERS: The Sri Lankan rupee ended weaker yesterday due to dollar demand from a state bank to cover import bills.

Shares rise on foreign investor buying; turnover hits 1-mth high

REUTERS: Sri Lankan shares closed slightly stronger yesterday, recovering from a more than one-year closing low hit in the previous session, as foreign investors bought battered stocks while block deals pushed the day’s turnover to a one-month high.

Singer Sri Lanka parent sheds 8% stake

Singer Sri Lanka PLC parent Retail Holdings (Sri Lanka) BV yesterday sold 10.2million shares of Singer Sri Lanka, amounting to 8.2 percent of the issued shares of the company, further trimming its 

CTC assesses biz viability as beedi, illicit fags gain large market share

Beedi and illicit fags have made considerable inroads to Sri Lanka’s tobacco market due to ad-hoc and irrationally excessive taxes slapped on the legally manufactured cigarettes, making it extremely difficult to generate meaningful value, said the country’s only legal manufacturer of cigarettes. 

Shareholder nod for Sanasa Bank’s US $ 22.2mn capital infusion plan

The shareholders of Sanasa Development Bank PLC (SDB) have approved   US $ 22.2 million equity and funding package from FMO Netherlands, SBI-FOM Fund and International Finance Corporation (IFC) during an extra ordinary general meeting held recently.

Siyapatha Finance Avurudu Ganudenu

With the approach of the Sinhala & Tamil New Year, leading financial organization, Siyapatha Finance PLC has announced the launch of its new island wide Fixed Deposit campaign - ‘Avurudu Ganudenu’. 

EIB pledges to ramp up investments in Sri Lanka

The world’s largest multilateral lender, the European Investment Bank (EIB), will be ramping up its funding to Sri Lanka due to the efforts made by the government, the head of the bank’s delegation currently in town said yesterday during a media briefing held at the Finance Ministry.

Is Taktikbook THE new e-ticketing platform?

The past few months has seen a new player enter and revolutionize the e-ticketing game. Taktikbook.lk has taken the online entertainment community by storm, racing to over 130,000 

Maldives Hotel Asia 2016 winners to participate at HOFEX 2017

The Maldives Hotel Asia International Culinary Challenge is the regions premier culinary competition with the participation of over 500 chefs. 

Workshop highlights important role of supervising members in nurturing chartered accountants

The important role played by supervising members in nurturing chartered accountants to become globally sought after professionals was highlighted recently at a Training Partners workshop organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). 

CIMA Students’ Society holds 23rd Annual General Meeting

CIMA Students’ Society (CIMASS) held its 23rd Annual General Meeting to appoint its office bearers for 2017: 

Ceylon Chamber to hold seminar on WTO Trade Facilitation Agreement

The Ceylon Chamber of Commerce will conduct a seminar on the topic ‘WTO Trade Facilitation Agreement – What Business Needs to Know,’ under the Trade Intelligence for Private Sector (TIPS) Initiative of the Chamber, which aims to help the private sector to stay up-to-date on international trade issues and advocate for policy changes.

Blue Mountain Apartments Unveils Sri Lanka`s First Automated Real Estate Chat Agent “Property–bot”

Blue Mountain, Sri Lanka’s leading real estate solutions Group, has launched Sri Lanka’s first real estate automated chat agent ‘Property-bot’ on Facebook to channel the increasing property inquiries

DFCC Bank’s ‘Avurudu Hat Trick’ campaign offers the season’s best rewards

Keeping with the spirit of the Avurudu season, DFCC Bank is pleased to introduce the ‘Avurudu Hat Trick’ campaign which offers families the opportunity to receive three kinds of benefits including gifts, 

Clarks Together With DSI Opens 3rd Store In Colombo - Video

Expert shoemakers, Clarks launched its 3rd store in Colombo today through their sole distributor in Sri Lanka, D. Samson & Sons (Pvt.) Ltd. The store brings to the city Clarks’ beautifully crafted 

OPPO Launchesthe new Selfie Expert F3 Plus with Dual Selfie Camera, Kick starting the ‘Group Selfie’

The ever-evolving global smartphone brand OPPO, kick startedthe ‘Group Selfie’ trend today by launching the new Selfie Expert F3 Plus, priced at Rs69,990.The F3 Plus features the brand’s first 

Etihad Airways Reassures Passengers Of Service And In flight Offering Following Directive On Us-Boun

Abu Dhabi, UNITED ARAB EMIRATES – Etihad Airways is reassuring passengers of its highest level of service to minimise disruption following the introduction of a new US travel directive on 

Project Hero: New Land Rover Discovery Featuring World-First Drone Technology Created To Help Red Cr

Jaguar Land Rover Special Vehicle Operations (SVO) has designed and engineered a bespoke version of the new Land Rover Discovery for use by the Austrian Red Cross. ‘Project Hero’ was 

SL’s trade deficit in 2016 widens 8.4% to US $ 9.09bn

Sri Lanka’s trade deficit in 2016 widened 8.4 percent year-on-year (YoY) to US $ 9.09 billion with export earnings falling 2.2 percent YoY to US $ 10.3 billion, while the expenditure on imports rising 2.5 percent YoY to US $ 19.4 billion, the country’s Central Bank said.

Monetary Board decides to begin disciplinary proceedings over EPF’s transactions in G-secs

The Central Bank yesterday said the Monetary Board has decided to take disciplinary action against any official of the bank for wrongdoing with regards to the Employees’ Provident Fund (EPF) transactions in government securities.