Lili Cheese accoladed at Entrepreneur Awards 2017

Lili Cheese was awarded the Best Enterprise Award in the Medium Category in Western Province at Entrepreneur Awards 2017.

Watawala Ran Kahata bags gold at International Effie Awards 2017

Watawala Tea Ceylon Limited (WTCL), the consumer arm of Sunshine Holdings saw Ran Kahata, Sri Lanka’s most economical quality tea brand, come up tops to win gold at the recently concluded International Effie Awards 2017, held at Water’s Edge Battaramulla.

Unilever Alumni Association to hold AGM and Fellowship 2017

The third Annual General Meeting will be held on Saturday 25th November, at Hilton Colombo Residences (Jaic Hilton Hotel) Union Place, Colombo 2, commencing at 6:30p.m. followed by a fellowship dinner of the past employees of Unilever and their spouses from 7:30p.m. onwards.

Microsoft showcases digital transformation of businesses and advancing computing frontier

Microsoft Corp. recently welcomed over 25,000 business customers to its annual IT event, Microsoft Ignite in Orlando, Fla., where the company showcased how it is infusing cloud, AI and mixed reality across it products to help customers visualize and create the future of business.

Huawei ‘Seeds for the Future’ programme launched for second time

Huawei, a leading global information and communications technology (ICT) company has once again teamed up with the Ministry of Telecommunication and Digital Infrastructure to launch Huawei’s global CSR programme ‘Seeds for the Future’, following its successful venture into Sri Lanka last year.

DesignSoft introduces MenSitpi based ERP Plus solution

DesignSoft Technologies (Pvt.) Ltd is a R&D based software firm which has for years strived to deliver a development platform and Runtime environment for business processes that can be used without huge implementation costs, bugs or even without coding. 

HNB grabs two accolades at NBQSA Awards 2017

Sri Lanka’s most digitally innovative bank, HNB PLC, extended its remarkable winning legacy in 2017, receiving two awards at the recently concluded 19th annual National Best Quality Software Awards 2017 (NBQSA) 2017.

Political economy of central banking in Sri Lanka

Following is an abridged version of the Prof. H.A. de S. Gunasekera Memorial Oration delivered at the University of Peradeniya on October 24, 2017.

Social media – A life changer

It was not so long ago when we realized that there should be a mode of communication where we wished we could connect with our high school friends and university batchmates who were far away from us. And then when

You can’t make an omelette without breaking eggs

Singapore has become a hotspot known for its efficient infrastructure. Often dubbed as the ‘Monaco of the East’, the red dot has beaten a path to steady economic progress and prosperity since the 1970s. When President B.J. Habibie of Indonesia referred to

Implementing nationally-determined contributions and regional cooperation in energy sector

The energy sector of Sri Lanka is seen as an integral component of the country’s shift towards sustainable development, with more attention being focused on achieving growth targets at low emission levels through sustainable energy sources. 

Sri Lanka targets leading Middle Eastern tour operators

Sri Lanka Tourism Promotion Bureau successfully concluded a week long promotional mission to the Middle East as part of its on-going efforts to develop new markets and increase the number of visitors and spend from the region to Sri Lanka. 

GFH appoints new Operations Director

An iconic heritage property, the Galle Face hotel has expanded their management team and announced that Tilome Nanayakkara has taken up office as the new Director of Operations. 

Galle Beach Hotel set to transform heritage city

The soon to be completed Galle Beach Hotel, the latest offering from Asia Leisure (Pvt) Ltd, the leisure subsidiary of Asia Capital PLC,is currently been constructed on a 2-acre land consisting of 100 sea view rooms.

SLITHM takes hospitality training to Jaffna

In a strategic move to counter the shortage of trained hospitality industry personnel, the state-run Sri Lanka Institute of Tourism and Hotel Management opened a new training facility in the northern city of Jaffna recently.

Sampath Sanhinda Saver rewards senior citizens over Rs.100mn in medical benefits

In line with its commitment to caring for its customers and adding greater value to their lives, Sampath Bank announced that is distributing over Rs.100 million in medical benefits to Sampath Sanhinda Saver account holders.

National Asset Management Limited moves to new office premises

National Asset Management Limited (NAMAL), the leading Unit Trust management company in Sri Lanka with widespread experience in domestic and international capital markets, moved to a new office premises located at No.7 Glen Aber Place, Colombo 3.

Fitch Affirms National Insurance Trust Fund at ‘AA-(lka)’

Fitch Ratings has affirmed Sri Lanka-based National Insurance Trust Fund Board’s (NITF) National Insurer Financial Strength Rating (IFS) and National Long-Term Rating at ‘AA-(lka)’. 

Combank recognized and accoladed at ACES Awards 2017

The Commercial Bank of Ceylon was named among the ‘Top Companies in Asia’ and the ‘Top Green Companies in Asia’ at the 2017 Asia Corporate Excellence and Sustainability (ACES) Awards that honour and showcase Asia’s finest and most responsible corporate leaders.

Sri Lanka’s longest railway bridge nearing completion

Only three more girders have to be placed for the initial completion of Sri Lanka’s longest railway bridge which is being constructed on the Matara   Beliatta extension of the island s Southern Railway line. The 6.2 meter wide 1.5 kilometer long single line railway bridge between Akurubebila and Waththegama is referred to as the Watttegama Bridge and rests on 59 pier stems including the two ends. (Text and picture by P D Silva)

Jaffna International Trade Fair to be held in January

The Jaffna International Trade Fair (JITF 2018), the largest consumer exhibition and trade fair in the northern region of Sri Lanka, will be held from 26th to 28thJanuary, 2018 for the 9th consecutive year.  The event aptly named as ‘Gateway to the North’ will be held at Jaffna Municipal Council Grounds.

EFC organizes symposium to spur dialogue on global supply chains

While generating employment opportunities across countries beyond the original source, Global Supply Chains (GSCs) are increasingly building global level skills and capability across the world, the long-term benefits of which are enormous, notes Sumeet Verma, Director, 

Sri Lanka closes 200,000 Metric Tons int’l rice tender

The international rice tender recently floated by Sri Lanka for global procurement will close at 2pm today. 

Shares fall; turnover hits over 6-wk high

REUTERS: Sri Lankan shares edged down yesterday as losses led by consumer discretionary stocks outpaced gains in financials, with foreign investors boosting market turnover to a more than six-week high.

Ceylon Cold Stores September hit by slowing consumer demand, higher raw material prices

Moderating disposable incomes and a wobbling economy appear to have hit the performance of Ceylon Cold Stores PLC (CCS) as the retail juggernaut reported poor earnings for its July-September quarter (2Q18), extending decline in earnings for the second consecutive quarter.  

Sujeewa holds talks to bring down German electric car development to Sri Lanka

State Minister of International Trade, Sujeewa Senasinghe attended the 34th Anuga International 2017, world’s largest exhibition for Food and Beverages, which was held in Cologne, Germany from 7th to 11th October.

Velvet promotional campaign offers brand new car as grand prize

Velvet, an established local skincare brand with an exciting portfolio of soap, hand wash, body wash and body lotion launched a captivating promotion seeking to redefine beauty ensuring consumers have soft skin and chances to win attractive prizes including a brand new car as the grand prize.

China urges closer cooperation with Sri Lanka on key projects

REUTERS: China and Sri Lanka should focus on strengthening cooperation over key investment projects, Foreign Minister Wang Yi yesterday told his visiting counterpart from Sri Lanka, amid strong local opposition to some major Chinese-invested schemes.  

Renuka City Hotels parent seeks secondary board listing

Renuka Hotels Limited, the parent of Renuka City Hotels PLC, has received the preliminary approval from the Colombo Stock Exchange (CSE) to list its ordinary voting shares on the secondary Diri Savi Board by way of a share Introduction.  

Mangala promises SME support package in his “designer budget”

The 2018 budget will feature significant support for small and medium enterprises (SMEs) to compete in global markets, according to Finance and Mass Media Minister Mangala Samaraweera, whose ministry in an earlier occasion said Samaraweera would