Govt. to set up Rs.15bn credit scheme for small biz

The government will allocate Rs.15 billion under the Budget 2018 to create a credit scheme for small businesses in targeted sectors, Finance and Mass Media Minister Mangala Samaraweera said.

Daraz.lk announces Black Friday 2017 : The biggest sale of the year

The Daraz Black Friday sale will be livefrom the 20th to 27th of November, and if you're looking to buy a new smartphone, household appliances or even apparel, then you could get some

DFCC Bank empowers their sales team with ‘SalesTalk’

DFCC Bank, Sri Lanka’s fastest growing commercial bank, continues its commitment to the digital transformation of the country’s financial sector by using digital

The Sri Lanka - Indonesia Business Council (SLIBC)

Members of the Sri Lanka – Indonesia Business Council (SLIBC) recently attended the 32nd Trade Expo Indonesia that was held in Jakarta, as part of an ongoing effort to strengthen 

A Feast of Epic Proportions of Turkish Delight at Graze Kitchen, Hilton Colombo

Get aboard the Ottoman Express for a fusion of culinary traditions with one pod of authentic Turkish Cuisine at the GRAZE KITCHEN, Hilton Colombo’s theatre of dining

next Sourcing recognizes outstanding suppliers

next Sourcing, a fully-owned subsidiary of the retail clothing and accessory giant next PLC - UK, recognized and rewarded its supplier base at Suppliers’ Seminar 2017, held at Park Street Mews Colombo recently. 

Asian Paints unveils ‘Colour Ideas’ store in Jaffna

An Asian Paints ‘Colour Ideas’ store, which focuses on colour as an idea rather than a product, was recently opened in Jaffna to offer consumers the right mix of inspiration and detail in the world of painting.

Consulus Global in Sri Lanka with Hummingbird International

In response to the relentless speed of change and the impending disruption that industry 4.0 will bring to business and global community, Hummingbird International, which was a representative of 

Mike Audio makes Fender guitars now available at Yamaha Music Centre

After the initial prototypes of the 40s, Fender gave birth to the Stratocaster in the early 50s and the instrument would eventually become the standard by which all other guitars are measured. 

Ceylon Tapes receives top certifications for quality standards

Ceylon Tapes (Pvt.) Ltd, the pioneer adhesive tape producer in Sri Lanka and a fully-owned subsidiary of Lankem Ceylon PLC, was recently awarded the ISO 9001:2015, ISO 22000:2005, GMP and HACCP certifications by Indexpo Certification Ltd for achieving high quality standards in its overall operations and services.

Vallibel Finance unveils newest branch in Hanwella

Vallibel Finance unveiled its latest branch in Hanwella, with a pledge to support the development forays of this historic locality.

Fortunaglobal introduces Affluence Soft Token to enhance digital security for banking

Colombo-based Fortunaglobal (Pvt.) Ltd, a leader in omni-channel banking software solutions for Sri Lanka’s Fintech sector has started rolling out its software token solution to local banks.

UB Finance launches ‘Build-it’ fixed deposit scheme

Delivering on its promise to offer a better deal to customers, UB Finance announced the launch of the ‘Built-it’ fixed deposit account in October 2017.

ADB recognizes Bank of Ceylon at TFP Awards

Bank of Ceylon was awarded the title ‘Leading Partner Bank in Sri Lanka’ with the Asian Development Bank (ADB) under the ‘Trade Finance Programme’ (TFP) at the ADB’s TFP Awards held in line with the Global Trade Review’s Annual Conference in Singapore.

People’s Bank installs ATM at Ella railway station

People’s Bank recently unveiled an ATM at Ella Railway Station. The ATM provides the convenience of withdrawing cash 24 hours a day, 365 days a year.

Sri Lanka–Russia Business Council holds 14th AGM

The 14th Annual General Meeting (AGM) of the Sri Lanka – Russia Business Council (SLRBC) of the Ceylon Chamber of Commerce was held recently, electing Priyantha Hapuarachchi as President for 2017/2018 who is the Chief Financial Officer at South Asia Textile Industries Lanka (Pvt) Ltd. 

National Chamber lauds Budget 2018

The introduction of the new concept ‘Enterprise Sri Lanka’ is praiseworthy and it would be a positive step to encourage the business development in the country. 

Ceylon Chamber welcomes 2018 Budget, but says implementation is key

The proposed 2018 National Budget progresses the recent economic policy visions of the government. 

Budget 2018 presents toast to effective long-term policy

The coalition government’s fourth budget presentation and the first by incumbent Finance Minister Mangala Samaraweera, was a clear and progressive step to liberalise Sri Lanka’s economy, and provides impetus for growth and sustainability in several sectors. 

Budget 2018: Will clarity in thought translate to clarity in action?

Slow growth, declining export earnings and FDI inflows, and inadequate foreign exchange reserve cover characterize Sri Lanka’s current macroeconomic climate. The heavy dependency on non-tradables is a key factor slowing the country’s growth momentum. 

Softlogic Life records 28% growth with 5.3bn GWP in nine months

Softlogic Life Insurance PLC has more than doubled market growth recording Gross Written Premiums of Rs.5.283 billion an increase of 28.3 percent for the nine months ending September 2017 compared with the previous year.

Pan Asia Bank felicitates long standing staff

Pan Asia Bank, recently held a felicitation ceremony to recognize 52 of its long standing team members who have served the bank for over 10 years.

MMBL-Pathfinder Group launches ‘Pathfinder - Money’ to service tourism industry

MMBL-Pathfinder Group has launched ‘Pathfinder - Money’, a Central Bank approved money changing service to cater to the fast growing tourism industry in Sri Lanka.

Standard Chartered’s outstanding wipe out rewards first winner

Anura H. Siriwardena became the first winner of Standard Chartered’s credit card outstanding wipe out.

Hemas 2Q net profit down 14% over slowing demand, higher costs

  Diversified conglomerate Hemas Holdings PLC continued to face challenges during the second quarter of the 2018 financial year (2Q18) ended September 2017, with a sharp fall in the bottom line compared to the same period last year, attributed to contractions across most of the group’s operating segments stemming from cost increases.

Biz will find ways to pass taxes to customers: official

Sri Lankan businesses will find a way to pass on the taxes imposed on them to the customer despite the specific restriction not to, a senior official in the Finance Ministry said.

Nestle Lanka’s disappointing performance extends to third quarter

Nestle Lanka PLC reported disappointing numbers for the September quarter (3Q17) as the sales slowed and production cost rose sharply. The company is battling a period of high inflation and taxes, which negatively impact consumer demand and push up its direct costs. 

Oil producers to extend cuts to rebalance market: UAE

AFP: Oil producers are expected to unanimously extend a production cut accord later this month but its duration is still under discussion, the UAE energy minister said yesterday.

Stocks extend run of declines, hit near 6-week closing low

REUTERS: Sri Lankan shares fell for a third straight session yesterday to their lowest close in near six weeks, weighed down by declines in telecom and banking stocks after the island nation targeted both cash-rich sectors in its 2018 budget to boost revenue.

Parent divests 7.5% stake in Softlogic Life in Rs.582mn deal

Softlogic Capital PLC yesterday divested a 7.5 percent stake in Softlogic Life Insurance PLC to foreign institutional investors in a Rs.582.3 million deal to allow the insurer to comply with the minimum public holding rules of the Colombo Stock Exchange.