Sri Lanka’s BOI celebrates 40 years of investment

In celebration of The Board of Investment of Sri Lanka, the country’s central facilitation point for investors, stepping into its 40th year, a ceremony was held at the Katunayake Export Processing Zone. 

Virat Kohli visits Puma Store to launch brand-new Net-Fit collection

A pedestrian walking past DSI’s Puma Store in Bambalapitiya on September 5 would have been in for a sensational surprise. Joining in the celebration of the launch of the new Net-Fit collection by Puma was none other than the brand’s ambassador and Indian Cricket Captain, Virat Kohli. 

France’s Le Maire promotes French ‘budget cuts’ to eurozone partners

AFP:  French Finance Minister Bruno Le Maire firmly defended France’s pro-business reforms to eurozone ministers yesterday that he said would put France back on track in Europe. 

MTI idea2fund’s Bakamuna featured at AOD’s Design Sense

Chief Bakamuna/CEO Rochelle Bibile presented a design talk at AOD’s Design Sense recently at the AOD International Design Campus.

Colombo International Book Fair

The Colombo International Book Fair 2017 was opened by President Maithripala Sirisena at the Bandaranaike Memorial International Conference Hall (BMICH) yesterday. Organizers, Sri Lanka Book Publishers Association said there will be around 300 – 400 local and foreign book stalls, and the fair 

Climate change aggravates global hunger: UN

AFP: Hunger is on the increase across the globe once again after a decade of declines, a UN report said yesterday, thanks in part to climate change aggravating severe weather and conflicts. 

Ceylinco Life’s ‘Family Savari’ declares Rome as grand prize destination

The biggest has just got even bigger, with Ceylinco Life announcing that the beneficiaries of its ‘Family Savari’ mega promotion will almost double with the 2017 edition, the 11th in the series.

Hayleys group in historic acquisition of Singer Sri Lanka for Rs. 10.9 bn

Hayleys PLC and its subsidiaries announced the purchase of 61.73 percent of shares of Singer (Sri Lanka) PLC, for a consideration of Rs. 10.9 billion, making it the single largest acquisition for a listed company in Sri Lanka in recent times.

Rupee ends higher on inward remittances

RETUERS: The Sri Lankan rupee ended firmer yesterday as inward remittances and exporter dollar sales surpassed mild dollar demand from importers, dealers said.

Kirklees Estate amongst record books again

At the recently concluded tea auction of 13th September, Kirklees Estate had the distinction of establishing another all-time record price in the Uda Pussellawa category, when an invoice of Kirklees Estate Dust No-1 obtained a price of Rs.710/- surpassing  the previous record price of Rs.700 

Dolby Atmos introduced to Cine City Maradana

Sri Lanka’s first multiplex cinema ‘Cine City’, based in Maradana, became Sri Lanka’s first cinema to provide its cinemas with the all-new Dolby Atmos Digital Sound System, recently.

Asia markets pare N. Korea losses, Seoul and Tokyo end up

AFP: Seoul, Tokyo and Hong Kong stocks ended higher yesterday as traders brushed off initial concerns over North Korea’s latest missile launch while most other Asian markets managed to pare their losses.

FinMin presents equipment to Samurdhi beneficiaries

It is this government’s vision to rebuild international trade, which is known to have flourished in this country during the Anuradhapura and Polonnaruwa eras, said Finance and Media Minister Mangala Samaraweera at a ceremony held in Matara to hand over equipment to Samurdhi beneficiaries, who had benefited from the scheme and reached financial stability.

Coca-Cola’s Lion Soda team triumphs as Sports Day Champions

The employees of Coca-Cola Beverages Sri Lanka Ltd recently celebrated their Annual Sports Day at the CH & FC grounds. 

Sri Lanka unveils first SME incubator and national policy

Sri Lanka unveiled its first ever SME incubator this week and vowed its third generation economic reforms shall be led by innovation, technology transfer and SMEs.

TBWA\Sri Lanka - the only awarded Sri Lankan agency at AD STARS

TBWA\Sri Lanka continued its winning streak and was once again the only agency to be awarded metal at the prestigious AD STARS 2017 annual advertising festival, which took place in Busan,

Union Assurance expands branch network to augment services

Union Assurance (UA), being one of the leading insurance companies in Sri Lanka, which embraces achieving success through trusted protection, continuously focuses on its branch expansion strategy to extend its services throughout the island to cater all the communities. 

PLC now internationally CarbonNeutral certified

People’s Leasing & Finance PLC (PLC), Sri Lanka’s market leader in leasing and a subsidiary of People’s Bank, was recently awarded the internationally accredited CarbonNeutral certification by Natural Capital Partners (NCP) of the UK. 

ComBank wins two awards from UK’s International Banker

Commercial Bank of Ceylon won the awards for the ‘Best Commercial Bank of the Year’ and ‘Best Innovation in Retail Banking’ presented by the prestigious UK-based quarterly publication ‘International Banker’.

Union Bank becomes SL’s first bank to receive PCI DSS certification

Marking a significant turning point in data security protection, Union Bank became the first bank in Sri Lanka to receive the international payment card Industry Data Security Standard (PCI DSS) by the Security Standards Council. 

Amãna Bank introduces Online Account Opening

Amãna Bank has introduced the convenience of Online Account Opening to facilitate its customers with an easy and time-saving method of opening an account without going through the hassle of writing on forms. 

HNB-Visa announce new airport experience for cardholders with DragonPass launch

Sri Lanka’s most innovative bank, HNB PLC, announced a breakthrough partnership with Visa to deliver a special range of benefits for the HNB Visa Infinite and Visa Signature cardholders, including access to the world’s most prestigious airport lounges and an outstanding range of discounts. 

Running an effective administration is what people want

President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe sat down together last week at the BMICH to answer questions from the public. It was a good show for the coalition government. But, ironically today people measure their leaders by action not by what they say in public.

Unilever and UNGC partner to mobilize collective action towards achieving SDGs

Unilever Sri Lanka together with the United Nations Global Compact (UNGC) Sri Lanka hosted a discussion on public-private sector partnerships to achieve the 2030 Sustainable Development Goals (SDGs) at The Hilton Colombo, recently.

South Asian cities face US $ 215bn-worth flood risks

NEW DELHI: As global attention focused on hurricanes Harvey and Irma, more than 41 million people across South Asia battled floods and displacement.

Third Space Global opens new regional headquarters at Orion City

Third Space Global, a UK-based company, opened its new regional headquarters at Orion City recently to enhance the online learning experience for school children by recruiting young and intelligent Sri Lankans, who are required to undergo an intensive training programme on the newest teaching techniques.

iflix appoints Anil Jhingan as new Chief Commercial and Financial Officer

iflix, the world’s leading entertainment service for emerging markets, continues its investment in executive talent with the appointment of Anil Jhingan as the company’s Chief Commercial and Financial Officer.

Using smart technology to monitor generator performance

The advanced ComAp remote generator monitoring technology ensures that your generator is never down or disabled by using smart technology to monitor the performance and to send alerts when fuel or maintenance is required.

Payoneer partners eZ Cash to simplify cross-border payments

Payoneer, an innovative cross-border payments company transforming the way businesses pay and get paid globally, announced that it has partnered with eZ Cash, Sri Lanka’s leading mobile money network and a brand of the Dialog Axiata group, which commands 50 percent of the country’s mobile market.

Exports, govt.’s top priority, says Malik

The government yesterday emphasized on the importance of Sri Lanka getting its export equation right in the short to medium term so that the country can reap the benefits of a stabilized economy, despite some leading global economists increasingly cast doubts over the ability exports has to drive sustainable economic growth.