Kandurata introduces revolutionary car umbrella

A revolutionary car umbrella has been introduced to the Lankan market by the country’s premier umbrella manufacturer, Kandurata umbrellas. 

Sritrims unveils 2018 fashion accessories collection in London

 Sritrims (Far East) Ltd Hong Kong recently unveiled their summer 2018 fashion accessory collection in London, UK.

Softlogic Prizm TVs extend line-up of large screens for size buffs

Size does matter in television, in recognition of which, retail giant Softlogic has launched two new large screen TV models in its ‘Softlogic Prizm’ portfolio, enhancing choice and affordability for TV buffs.

PickMe brings luxury to fingertips with ‘PickMe VIP’

Sri Lanka’s fastest growing, homegrown taxi hailing service PickMe recently debuted its newest feature ‘PickMe VIP’ which is a fleet chauffeur-driven, luxury cars that cater to premium clients and corporates. 

Book your appointment early and save time with easybooking.lk

It is presumed that on average a Sri Lankan can lose up to 50 working hours per year on waiting time for core service offerings. These include finance, government services

Takas.lk teams up with Visa to offer exclusive discounts on 13000 products

Takas.lk, one of Sri Lanka’s largest Electronics Mall, and Visa, the global digital payments technology network, have teamed up to announce a new campaign to offer all Visa cardholders 12.5 % discount 

Finance Ministry says will continue with SVAT

Cabinet approval was granted this June to abolish SVAT on January 1, 2018 subject to parliamentary approval. The SVAT abolishment was originally scheduled to become effective from April 1, 2017.  

‘Print owners’ get-together’ to be held on Friday

Sri Lanka Association of Printers will be holding their annual ‘Print Owners’ Get Together’ from 6.30 p.m. on Friday 18th August, 2017 at the Ball Room of Taj Samudra Hotel, Galle Face, Colombo 3.

DFCC Bank supports Colombo International Tea Convention

Upholding its commitment to the country’s business community, DFCC Bank has moved forward to support the Colombo International Tea Convention which was held from 8th to 11th August, as a strategic partner. 

Hemas 1Q net flat amid subdued consumer demand

Diversified conglomerate Hemas Holdings PLC to a certain extent was able to weather the slowing consumer demand during the March-June quarter (1Q18) thanks to a strong show by its hospital and logistics and maritime operations.

Rupee edges down on importer dlr demand

REUTERS: The Sri Lankan rupee ended slightly weaker yesterday as dollar demand from importers outpaced the selling of the U.S. currency by banks and exporters, dealers said.

Samsung launches Galaxy J7 Max in Sri Lanka

Samsung Sri Lanka launched Galaxy J7 Max expanding its best-selling mid-range of Galaxy J smartphones. Samsung Galaxy J-series has been a flag-bearer of Samsung’s commitment to Sri Lankan consumers. 

SL prone to debt shock until energy pricing mechanism in place: IMF

Sri Lanka’s likelihood of experiencing a debt shock via state-owned enterprise (SOE) contingent debt may remain high until at least September 2018 due to delays in implementing energy sector cost-reflective pricing formulae, an International Monetary Fund (IMF) country report said last week.

Iflix COO visits Colombo as leading video on demand service expands global reach

IflixGlobal COO, Marc Barnett was in Sri Lanka recently as iflix celebrates one year of operations in Colombo this month. Speaking to journalists at a meeting in Colombo, the COO of the world’s leading mobile-based Subscription Video on Demand (SVoD) service enthused about the progress iflix has made in Sri Lanka, providing world-class customized international and local content to viewers all  across the island. 

ICTA head Canagey resigns; says President wanted him out

Muhunthan Canagey, who had served as the Managing Director/CEO of the government’s information technology facilitation arm, the ICT Agency (ICTA) since 2015, resigned yesterday upon the insistence of President Maithripala Sirisena.

Twenty Sri Lankan Wealth Planners’ Managers attend AIA Leadership Summit

Twenty of AIA’s top performing Wealth Planners’ Managers recently attended the AIA Leadership Summit, held at the AIA Leadership Centre located at the AIA Sathorn Tower in Bangkok. 

ComBank June profit up 18% on higher loans but margin pressure seen

The slowing appetite for new loans amid higher interest rates appeared to have had limited impact on Sri Lanka’s largest private lender by assets as the bank had little trouble in growing its assets faster than most of its competitors, which supported the bottom line of its most recent quarter.

CTC June net profit falls amid 25% volume slump

Ceylon Tobacco PLC (CTC), which holds a virtual monopoly over manufacturing and distributing of cigarettes in Sri Lanka, saw its net profit for the period ended June 30, 2017 (2Q17) falling 3 percent year-on-year (YoY) to Rs.2.95 billion amid dwindling volumes.

Union Bank wins big at CMO Asia Awards 2017

Union Bank was conferred three prestigious awards for excellence at the CMO Asia Awards 2017, concluded in Singapore recently.  

eMarketingEye bags 19 wins at Horizon Interactive Awards

eMarketingEye, the award-winning Sri Lankan Digital Marketing Agency and a pioneer in the industry, bagged 19 awards at the prestigious Horizon Interactive Awards competition  held recently. 

East West Marketing launches Bakewell bakery equipment

East West Marketing, a fully owned subsidiary of Nawaloka Holdings has widened its portfolio through ‘Bakewell’, a brand that houses an prominent range of bakery equipment to meet the emerging and growing needs of today’s out of home professional chefs, bakers and caterers.

National Forum for Life Insurance Advisors to be held this week

The Insurance Association of Sri Lanka (IASL) has announced that the annual National Forum for Life Insurance Advisors (NAFLIA) will be held on August 17, at the BMICH. 

What’s wrong with Sri Lankan economy?

It is needless to note here that the Sri Lankan economy is at a crucial juncture, mainly due to heavy public debt to be settled in the near future. 

NDB offers balance transfer at 0.9% from 3 months up to 36 months

NDB in its effort to ease off consumer credit card burden, has launched its credit card balance transfer option earlier this year with attractive handling fees.  

NCE lists out pros and cons of proposed cess withdrawals

NCE, in a press release expressed concern over the proposal to withdraw the current ‘Cess’ applicable to certain imported products, without proper consultation with the private sector.   

SDB deploys efficient loan collection mechanism

SDB bank has introduced a broader and efficient mechanism to collect loan payments from its customers under the name ‘Tele-collection’. 

A new brand of Chinese soft power?

Ten years ago, the then Chinese President Hu Jintao announced that China needed to develop its soft power. Progress is not good. The percentage of people around the world who hold a favourable perception of China declined from 48 per cent in 2007 when Hu made his announcement to 40 per cent in 2016

Engineer Sam Perera recognized

President John Hilton on behalf of the trustee board of the Institution of Mechanical Engineers U.K. awarded the Presidential Award for meritorious services to institution’s Southern Asia Regional Chairman at their headquarters in Westminster, London recently. The incoming president Carolyn Griffiths also awarded Perera with the International Strategy Board Award for his commitment to the institution.

DFCC Bank supports Colombo International Tea Convention as Strategic Partner

Upholding its commitment to the country’s business community, DFCC Bank has stepped forward to support the Colombo International Tea Convention from 8thto 11thAugust 2017, as a Strategic 

Amãna Takaful Group bounces backRs. 93 Million profit

93 Million at the half year ending June 2017. This compares to a loss of Rs.42 Million over the same period in 2016. The Group’s Gross Written Premium (GWP) of Rs.1.93 Billion is a 3% upside over