Eran tells Singaporean SMEs to seize investment opportunities here

A powerful 35-member group of small and medium entrepreneurs from Singapore called on the   State Minister of Finance Eran Wickramaratne at the Finance Ministry recently to discuss the growing opportunities for direct investment in Sri Lanka.

Durdans set to reposition brand and restrategize vision

Sri Lanka’s first healthcare institution to be endorsed with a Gold Seal of Approval by leading accreditation entity Joint Commission International announced it is stepping into new horizons with the repositioning of its corporate brand, culture, mindset and approach to transform the landscape of healthcare in the country.

Lanka Bell customers can now channel Doctors through Doc990 service

From left: Lanka Bell Limited Systems Integration Manager Pujitha Jayaweera, Lanka Bell Limited Information Communication Technology General Manager Ajantha Peiris, Digital Health Pvt. Ltd Chief Executive Officer Apsara Wijayawardena, Digital Health Pvt. Ltd Strategy Head Chulani Rathnayake and Digital Health Pvt. Ltd Account Manager Malishini Punchihewa

Top honours for Dr. Ramya De Silva from Royal College of Paediatrics

Dr. Ramya De Silva, Senior Consultant Paediatrician has been elected to Honorary Fellowship of the Royal College of Paediatrics and Child Health in recognition of outstanding contribution to children at their 21st anniversary celebrations held at International Conference Centre, Birmingham, UK recently.

Golden Key Hospital celebrates 10 years of Eye and ENT care

The Golden Key Hospital celebrates its 10th anniversary in August 2017, marking a decade in which it performed more than 40,000 cataract and other eye surgeries and over 5000 ENT surgeries.

Pan Asia Bank appoints Aravinda Perera to director board

Senior banker Aravinda Perera has been appointed to the director board of Pan Asia Banking Corporation PLC with effect from August 3, 2017 in the capacity of Non Executive Director, the bank informed the Colombo bourse yesterday.

Exporters express concern over govt.’s move to remove cess on imports

The National Chamber of Exporters of Sri Lanka (NCE), which exclusively serves and represents Sri Lankan exporters, yesterday expressed dismay over the apparent move by the government to remove cess on imported products hitherto imposed as a protective measure for local enterprises.  

Shares hit more than 13-week closing low

REUTERS: Sri Lankan shares fell for a sixth straight session yesterday, their lowest close in more than 13 weeks, led by losses in hotels and diversified stocks.

Rupee closes higher on exporter dollar sales

REUTERS:  The Sri Lankan rupee ended firmer yesterday, erasing early losses as the exporter greenback sales surpassed importer demand for the U.S. currency, while investors largely shrugged off a Central Bank monetary policy decision, dealers said.

Odel June profit up 21% on strong sales

Odel PLC, up-market fashion and lifestyle retailer reported earnings of 16 cents a share or Rs.43.1 million for the April – June quarter, up 21 percent from a year ago supported by strong sales and other incomes, the interim financial accounts released to the Colombo bourse showed. 

Policy rates to remain steady this year despite IMF calls: Governor

Sri Lanka’s key policy interest rates are unlikely to change for the rest of this year despite calls from the International Monetary Fund to tighten the rates further, according to Central Bank Governor Dr.Indrajit Coomaraswamy said.

Swim-Wall and Meubel House: a natural fit

Furniture and swimwear may sound like an odd coupling at first, but when showcasing high-end fashion design at the retail level, utilising the right conceptual space can do wonders in terms

Serendib Flour Mills hosts ‘7 Star’ get-to gethers for bakers from across the island

As part of its ongoing effort to engage with bakers across the country, Serendib Flour Mills recently conducted a series of get-togethers and meetings for bakery owners. The events brought together 

Meet and Greet for Angelo Mathew’s Fans

OPPO is pleased to announcethat "Meet Mathew," a Meet-and-Greet with Angelo Mathew’s fans, held Tuesday, was a great success.

Mastercard and PayPal Expand Partnership in Asia Pacific to Spur Mobile and Digital Commerce

Mastercard (NYSE: MA) and PayPal (NASDAQ: PYPL) today announced an extension of their partnership into Asia Pacific to enhancethe consumer experience and make Mastercard a 

Photography exhibition on Sri Lanka by the French photographer Cedric Gatillon

The French embassy and the Alliance Française de Kotte in partnership with Black Cat Café welcome the French photographer Cedric Gatillon for an exhibition dedicated to Sri Lanka,

ACL Cables wins Master Brand Status proving its market dominance yet again

Sri Lanka’s No. 1 cable manufacturer in Sri Lanka, ACL Cables PLC achieved the prestigious Master Brand status for 2017, conferred by Chief Marketing Officers (CMO) Asia in partnership withthe World 

Floods hamper Hayleys Fabric performance as June quarter turns a loss

The Hayleys group’s knitted fabric maker, Hayleys Fabric PLC, turned a net loss of Rs.25.2 million or 12 cents a share for the quarter ended June 30, 2017 (1Q17) from a net profit of Rs.32.6 million recorded during the corresponding period last year as the floods hampered the operations.  

UTE showcase world class training centre and workshop to students

United Tractor and Equipment (Pvt) Ltd (UTE) decided to show Advanced Level students who aspire to be Automotive Engineers what it’s like to be trained in the world class UTE-CAT state-of-the-art multi-million dollar training center.

Singapore Airlines 1Q profit improves on higher revenue

Airwise: Singapore Airlines reported a higher operating profit for its first quarter, as group revenue rose 5.6 percent.Total revenue for the quarter to end June came in at SGD$3.86 billion, from the previous year period’s SGD$3.66 billion. Operating costs rose 3.4 percent to SGD$3.58 billion, resulting in an operating profit of SGD$280.8 million.

SEC to take disciplinary action against brokers on capital adequacy

The capital market regulator, the Securities and Exchange Commission (SEC), yesterday said going forward disciplinary actions would be taken against the stockbrokers who do not adhere to the capital adequacy requirements introduced last year.  

Mastercard invites cardholders to explore the world with Emirates

Mastercard announced its partnership with Emirates to offer additional savings on economy and business class tickets. 

Jetwing to add 3 hotels to portfolio this year with Rs.850mn investment

Jetwing, one of Sri Lanka’s three largest hospitality and tourism firms, is adding three new hotels to its portfolio later this year with Rs.850 million in investments, with the properties located at extreme ends of the island from the capital Colombo.

Chartered accountants need to adapt, evolve with changing times: Harsha

National Policies and Economic Affairs Deputy Minister Dr. Harsha De Silva recently called on chartered accountants to adapt and grow and face head on the drastic changes the business world is witnessing. 

Combank launches ‘Loan on FD’ to offer emergency cash

The Commercial Bank of Ceylon has launched a fixed deposit linked facility that provides depositors with credit that can be drawn and utilised in full or in part at their discretion while their deposits earn interest.

Private credit slows in May but state borrowings surge

The credit extended to the private sector by the banks continued to decelerate as the latest data for May showed that the private sector credit growth for the first time in many months had settled below 20 percent, but still above what the policymakers would have liked it to be

Making municipal payments through Mobitel’s revolutionary eTax system

Mobitel launched Municipal Assessment Payment System (MAPS), an eTax payment system on July 28th at the Dehiwala - Mount Lavinia Municipal Council premises. 

Barton’s British premium quality to boost SRI LANKAN construction industry

The local construction sector recently saw the launch of the Barton brand in the country, a top notch, premium range of quality electrical cable protection systems.  

Annual get-together of leasing industry stakeholders

The annual get-together of officials and professionals in the leasing industry will take place tomorrow at the Taj Samudra from 7.00 p.m. onwards.

ComBank share sale boosts DFCC June quarter

DFCC Bank PLC reported earnings of Rs.5.84 a share or Rs.1.54 billion for its April-June quarter (2Q17) compared to the Rs.747 million profit it recorded during the same period last year as the sale of shares it held in Commercial Bank helped the banking group to prop up its performance.