Finance companies lobby for skimpy down payments on motor cars, three-wheelers

Sri Lanka’s finance companies are continuing to lobby the regulators to bring down the down payments on motor cars and three-wheelers in a bid to propel their leasing portfolios, which have experienced a hit in the recent times.    

Indian central bank pushes new rules so lenders pass on rate cuts more quickly

REUTERS: A panel created by the Reserve Bank of India (RBI) said lenders are not sticking to rules that determine how much they can charge for loans, and proposed new requirements that could force banks to pass on interest rate moves to customers more quickly.

Bosnia and Herzegovina keen to expand trade ties with SL

Foreign Affairs Minister of Bosnia and Herzegovina Igor Crnadak said they are very keen to open a new chapter in foreign affairs by establishing trade and investment promotion between Bosnia and Asian countries like Sri Lanka.  He expressed these views upon meeting Sri Lankan Foreign Affairs Minister Tilak Marapana who was on an official visit to the Republic of Bosnia & Herzegovina from September28 to 30.

The Big Bad Wolf in town!

The Big Bad Wolf book sale, which is considered the world’s biggest, was opened to Sri Lankan public yesterday at the Sri Lank Exhibition and Convention Centre (SLECC).

Sampath Bank Off-Shore Banking Unit Funds Mega Hotel Development Project in Myanmar

Sampath Bank PLC,apioneer in introducing revolutionary financial solutions with a strong footing in the Sri Lankan market, announced that it had successfully concluded a loan transaction with Yangon 

Leo Burnett the only Sri Lankan Agency to be ranked in Campaign Brief Asia’s Top 50 Agencies

Leo Burnett Sri Lanka has been ranked as one of Asia’s Top 50 Agencies by Campaign Brief Asia, Asia’s most influential creative advertising trade magazine. Leo Burnett Sri Lanka is the only agency 

Best time to promote Lankan products in UK market: envoy

High Commissioner of Sri Lanka to the United Kingdom Amari Wijewardene says this is the best time to promote Lankan products in the UK market, as Sri Lanka has been rewarded with the GSP Plus facility.

Aban Pestonjee awarded ‘Entrepreneur of the Year’

On a night that saw the gathering of the most esteemed figures in Sri Lankan society under one roof, Aban Pestonjee, the Chairperson and Founder of the Abans Group of Companies was named Sri Lanka’s Entrepreneur of the Year 2017 at the Derana Sri Lankan of the Year Awards hosted on September 27th at the Colombo Hilton. 

Seminar on creating biz-friendly environment

State Minister of International Trade Sujeewa Senasinghe  briefed a distinguished international and local audience on positive steps taken by the government of Sri Lanka to reform the country, notably in 

MTI’s ‘idea2fund’ all set for Wave 3 launch

‘idea2fund’ – the year round venture competition powered by MTI Corporate Finance is on the verge of launching its 3rd wave this October. 

Big Bad Wolf book sale Sri Lanka says ‘Ayubowan’

The Big Bad Wolf book sale was inaugurated by Chief Guest Akila Viraj Kariyawasam Minister of Education of Sri Lanka and Big Bad Wolf Books Founder and Managing Director Andrew Yap and Executive Director Jacqueline Ng and Director of ProRead Lanka (Pvt) Ltd. Nishan Wasalathanthri.  The world’s biggest book sale will be held at the Sri Lanka Exhibition and Convention Centre (SLECC) from the 5th to 15th October introducing a new dimensio

Moksha’s latest products range revolutionizes Lankan food industry

A promising brand that is revolutionizing the Sri Lankan food industry, scalping over 20,000 followers across social media outlets in just a couple of months since inception. 

DFCC Bank felicitates inaugural batch from ‘Samata English’ programme

Pursuing its commitment to uplifting the standards of education in the country, DFCC Bank counts education as a key pillar in its corporate social responsibility initiatives. 

HNB launches ‘Pragna’ for children at SOS Villages

HNB together with SOS Children’s Villages, launched the ‘Pragna’ account, to support and fund the education and schooling needs of over 4500 children, across all of the SOS Children’s Villages in Sri Lanka. 

Porsche Centre Colombo introduces Porsche Preschool Project

Colombo. Eurocars, the official agent of Porsche cars in Sri Lanka, has embarked on a special Corporate Social Responsibility (CSR) initiative that is aimed at building a school for preschool children between the ages of three and five years old. The premium car brand, which is best known for sports cars and luxury performance, is taking the driver’s seat to support preschool education for the first time in Sri Lanka.

Bank of Ceylon brings ray of sunshine to Apeksha Hospital

The Bank of Ceylon celebrating the Children’s Day in a more meaningful and a thoughtful way held the ‘Apeksha Dalwana Sithuwam Dakma”, art exhibition at the Apeksha Hospital’s Children’s Ward recently.

INSEE partners with VTA to provide training for Puttalam youth

Partnering with Vocational Training Authority (VTA), INSEE Cement carried out career guidance fair for the youth in the Puttalam region, to select the first batch of students interested in construction related job opportunities. This event was held at Medananda Vidyalaya, Attawilluwa, Puttalam. 

RBN Performance underlines commitment to sportswear

RBN Performance garments, is Sri Lanka’s first performance wear brand for men and women built with the Sri Lankan athlete in mind. 

ReeBonn Cosmetics introduces two new products to market

ReeBonn Cosmetics, one of the leading herbal cosmetic companies operating in Sri Lanka introduced its two newest products; ‘ReeBonn Herbal Anti Acne Gel’ and ‘ReeBonn Herbal Facial Cleanser’ to the Sri Lankan market.

Sri Lanka rejects Chinese request for local fuel sales

Sri Lanka has blocked a proposal by Chinese firms bidding to build the island’s biggest oil refinery to sell fuel locally, fearing a threat to domestic firms that dominate the small but growing market.

Rupee ends weaker on importer dollar demand

REUTERS: The Sri Lankan rupee closed weaker yesterday as dollar demand from importers surpassed the sales of the US currency by exporters and banks due to inward remittances, dealers said.

New Commerce Secy. conversant with trade, FTAs: ministry

The newly appointed secretary to the Industry and Commerce Ministry is a Sri Lanka Administrative Service official, who also has a grasp on free trade agreements (FTAs) and fiscal policies, a press communiqué from the ministry said. “This ministry is a key institution of the economic reform and development vision of the government,” said Industry and Commerce Minister Rishad Bathiudeen yesterday.

Acquisition of Vidullanka’s second mini hydro plant in Uganda further delayed

Renewable energy developer Vidullanka PLC this week said that due to regulatory delays, the company has not yet issued shares in a private placement to Timex Garments (Pvt.) Limited to acquire the Uganda-based Timex subsidiary, Timex Bukinda Hydro (U) Limited.

India extends US $ 4.5bn in project finance to Bangladesh

REUTERS: India yesterday signed an agreement with Bangladesh extending a US $ 4.5 billion credit line for several infrastructure projects, as New Delhi tries to expand its influence over its smaller neighbour amid rising Chinese competition.

Spa Ceylon unveils lifestyle experience at Parkland

Spa Ceylon, the world’s largest luxury Ayurveda chain, unveiled its opulent new lifestyle experience at the ground floor of the Parkland Tower on Park Street, Colombo 2, marking the milestone of reaching 60 branded locations internationally.

Fashion Bug heralds RBN and Shakalaka for sporty and young

Fashion Bug launched two divers fashion ranges, RBN and Shakalaka at their latest outlet in Wellawatte. 

Home of Delmage repairs Stanley power tools free-of-charge

Stanley Power Tools from Home of Delmage which has highly secured the people’s trust in the Sri Lankan market for power machinery celebrates its second anniversary of its superior collaboration.  Marking this glorious leap, Home of Delmage, the sole agent for Stanley power tools in Sri Lanka is prepared to let their customers absorb a special opportunity for themselves.

Bio Extracts wins yet another Presidential Export Award

Bio Extracts (Pvt.) Ltd (Baraka) has won the accolade of ‘Highest Value Added Exporter - Herbal and Spa Products’ at the 2016 Presidential Exports Awards held at BMICH on 14th September, graced by President Maithripala Sirisena.

Vision Care holds Optometry Day 2017

Continuing its pioneering efforts to build a robust platform for optometrists across the nation, Sri Lanka’s premier eye care solutions provider Vision Care Optical services (Pvt.) Ltd held its Optometry Day and 8th Annual Scientific Sessions in grand style recently at Galle Face Hotel Colombo.

Vitawell takes whole body nutrition to Ja-Ela

Vitawell, Sri Lanka’s number one specialist nutrition and wellness retailer, recently launched its third store in Ja-Ela; in its efforts to enhance the products offered to a wider customer base.