Paradise Toys receives Presidential Export Awards

Paradise Toys (Pvt) Ltd, one of the leading soft toys manufacturers in the island, recently bagged the President’s Export Award - 2016 for the highest value added exporter in toys games and sports sector. 

Medical appointments at Royal Hospital via Doc990 service

Patrons of Royal Hospital, Colombo can make medical appointments from the comfort of their home or on the go with Doc990 Service.

Importance of procuring your insurance from independent professionals

Ever since its formation over many years ago in the coffee houses of London, when ship owners and wealthy businessmen pooled their resources to offer protection against mishaps at sea for ships that set sail, the scope of insurance has continuously developed offering protection in manyother areas. 

MTI clinches international tea strategy assignment in Kenya

One of Kenya’s fastest growing niche tea brands, APT Commodities, has signed up MTI Consulting to further strengthen its internationalization process– as part of the company’s aggressive growth strategy.

A global view on trade – An interview with ex-WTO Chief Supachai Panitchpakdi

Dr. Supachai Panitchpakdi has held many top roles in international trade organisations, from Secretary General of the United Nations Conference on Trade and Development (UNCTAD) to the World Trade Organisation (WTO) Director General and has an unparalleled aerial perspective of the global trade arena.

CB says withholding tax removal on G-Secs will attract more foreign investments

Sri Lanka’s Central Bank believes that the proposed removal of the withholding tax (WHT) on the interest earned from investments in government securities (G-Secs) could facilitate more foreign inflows to the country. 

NTB’s American Express and MasterCard offer 20% savings at GFH

From the 1st of September to the 31st of Octoberall Nations Trust American Express and MasterCard cardmembers will be able to enjoy 20 percent savings on dinner every day of the week at the historic 1864 Restaurant and Wine Cellar and the iconic Sea  Spray restaurant at the Galle Face Hotel. 

Lanka Hospitals becomes first local medical institution reaccredited by JCI

The internationally accredited, multi award-winning Lanka Hospitals Corporation PLC has received the prestigious and widely acclaimed accreditation from Joint Commission International (JCI).

DIMO obtains enjoining order against Arabian Motors from Commercial High Court

On September 27, 2017, the Commercial High Court issued two enjoining orders against Arabian Motors (Pvt.) Ltd, upon hearing a plaint filed by Diesel and Motor Engineering PLC (DIMO), which is the sole authorized distributor/dealer of Mercedes Benz automobiles.

Sri Lanka’s governance issues, political risk clipping PPP prospects: ADB

Despite Sri Lanka bets big on public-private partnerships (PPPs) to bridge its vast infrastructure requirements and also to reform its loss-making state enterprises, the greater political risk and issues in governance have hampered the ability for the two parties to shake hands with trust.   

Gateway College and HNB partner to launch Smart Pay card for students

Hatton National Bank (HNB) announced a breakthrough partnership with Gateway College to introduce HNB Smart Pay, a revolutionary new proprietary card that will completely streamline payments and attendance recording for the school.

Connected growth: ASEAN and South Asia in 2037

Two decades ago Asia was in the grip of a broad economic crisis. Through the 1998 Asian financial crisis, regional stock markets lost more than 60 percent of their value. Already fragile government reserves ran dry. By May 1998, Indonesia’s sovereign rating had fallen to CCC+.

Save trees and win by registering with BOC E-statements

The Bank of Ceylon (BOC) wishes to invite all its customers to involve with the bank’s green initiatives and win exciting prizes by enrolling for E-statements for NRFC and Current account holders till 31st December 2017. 

DHL Express Sri Lanka clinches top award at Stevie Awards

DHL Express clinched Gold for ‘Customer Services Department of the Year’ for its Sri Lankan office at the 14th Annual International Business Awards announced by Stevie Awards USA.

Plantation companies say attempts towards diversification blocked

The diversification efforts of Sri Lanka’s regional plantation companies (RPCs) into profitable oil palm operations are being restricted by local politicians, villagers and bureaucrats, the head of the plantation fraternity charged last week.

Nestlé excels at Presidential Export Awards

Nestlé has won ‘Highest Value Added Exporter’ in the Coconut Kernel Product category at the recent Presidential Export Awards. 

Vista Rooms continues expanding in Sri Lanka, on path to 1000 properties by 2018

Vista Rooms, South Asia’s largest chain of affordable stays, is on track to onboard 1000 properties with over 10,000 rooms by the end of 2018. With the country experiencing a growth of 14% vis-a-vis 

young professionals from Leo Burnett Sri Lanka to compete at the Young Spikes Competition

Two young professionals from Leo Burnett Sri Lanka, will represent the country at the upcoming Young Spikes Media Competition, which is set to take place in Singapore. 

Sri Lanka’s first fibre broadband Wi-Fi machine installed

Sri Lanka will walk into a digital economy in five years’ time and will be able to get connected to the world, Prime Minister Ranil Wickremesinghe said this week. The prime minister made this remark launching Sri Lanka’s very first fibre broadband Wi-Fi machine in Galle Face on Monday. 

Renuka Capital acquires 23% of Unity Plaza

Renuka Capital PLC, a unit of the Renuka group, this week acquired 23 percent of On’ally Holdings PLC, the owners of the Unity Plaza building in Bambalapitiya, for Rs.173.4 million.

Policy rates kept steady as price pressure seen easing

Sri Lanka’s Central Bank yesterday left its key policy rates unchanged as the short-term rates eased and the pressures on medium term prices in the economy appeared less of a concern. But the credit to the private sector remained stubbornly at elevated levels.   The 5–member 

Walkers CML Properties unveils ‘Grace’ in Nugegoda

Walkers CML Properties (Private) Limited, a fully-owned subsidiary of MTD Walkers PLC, unveils its latest upper-middle-income housing project ‘Grace’, in Nugegoda.

JAT breaks ground at ‘96 Residencies’

Following the success of its two previous projects, 77th on 4th, Nawala and Forest Hill Villas, Amunugama, JAT Property Group, a vertical of JAT Holdings, broke ground on its third development project, ‘96 Residencies’, in Pagoda, Nugegoda.

Altair links to world with Dialog Broadband Fibre

The residents of Altair, the inimitable twin tower residential high-rise nearing completion, are to be provided ‘fibre-to-home’ – a state-of-the-art high-speed fibre connectivity solution by Dialog Broadband Networks, under an agreement ratified recently.

My Property unveils luxury condominium developments in Negombo, Battaramulla

My Property (Pvt.) Ltd unveiled the development of two sensational condominium projects – luxurious ‘333 Pinnacle’ in Negombo and trendy and urban ‘Elektra’ in Battaramulla, at a media conference held at Cinnamon Grand Colombo recently

Economics of devolution and new constitution

The interim report of the steering committee was presented to the Constitutional Assembly on September 21, 2017. One can argue that when drafting the new 

Achieving Sri Lanka’s vision for 100% renewable electricity by 2050

As one of the 43 Climate Vulnerable Forum (CVF) member countries, Sri Lanka is not only disproportionately affected by the impacts of climate change, but is also willing to take bold domestic actions to combat it.

Social and economic fallout of inept policies

A recent visit to Kataragama and the deep south laid bare the deficiency of our system of governance, equivalence and the severe case of pretence that engulfs our society. These culpabilities come with great costs: economic and human costs and a breakdown of law and order, which almost seem irreversible, given the extent of its entrenchment in our people. 

ZILLIONe launch the latest version of Sage 300 ERP V6.4

Technology based enterprise-wide business application and systems solutions provider ZILLIONe recently launched Sage 300 ERP V6.4as a part of its annual introduction of the latest versions of Sage ERP.

Etisalat cliQ gains over 100,000 users in two months

cliQ, powered by Etisalat, the simple, understandable and affordable mobile data plan that doesn’t max the top-up balance out has gained one hundred thousand users in two months.