SEC prevents securities law violations through strong surveillance tools

It appears that Sri Lanka’s Securities and Exchange Commission (SEC) believes in the old adage ‘prevention is better than cure,’ as the country’s stock market regulator has proactively taken action to prevent securities law violations by utilizing a robust surveillance system.

Colombo Suburban Railway Project not realistic: expert

The government could be following in the footsteps of its predecessors in project development, as the US$ 2 billion Colombo Suburban Railway Project aiming to modernize and electrify railroads under the grand Megapolis Plan has only taken into account an overly optimistic scenario, an expert warned.

Sampath Bank Offers the Best Leasing Rate in the Market

In continuing to offer their customers the best leasing solutions in the market, Sampath Bank has once again introduced the lowest vehicle leasing interest rate in the country. Starting June 2017, 

Hayleys Advantis Invests In Mega Distribution Center

Hayleys Advantis Limited broke ground for a Mega Distribution Center (DC) in Kotugoda, on Friday 28th July, paving the way for the construction of the largest facility of this nature in the country

Union Bank partners NCE Export Awards as Premium sponsor

Union Bank announced its partnership as the Premium sponsor of the Annual Export Awards organized by the National Chamber of Exporters (NCE) of Sri Lanka. 

Equill to invest in small businesses and big ideas

Equity Investments Lanka Limited (Equill), a venture capital and investment company, is actively looking for investment opportunities in the form of risk capital in small and medium sized businesses.  Equill views the high level of economic activity and growth in healthcare, education, tourism, 

New Inland Revenue Chief calls on chartered accountants to bridge gap between tax payers and departm

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) felicitated the new Inland Revenue (IR) Commissioner General Ivan Dissanayake at a ceremony held recently. 

Learnings from Sri Lanka propelled our practice: MTI’s Bangladesh Head

Commenting on the completion of 14 years since MTI set-up its fully-owned Bangladesh subsidiary and coinciding with MTI CEO’s visit to Dhaka, Saima Mazhar (Country Manager) said, “Our Sri Lankan operations have provided an excellent learning platform and sharing of experiences that has helped MTI Bangladesh to propel as one of Bangladesh’s leading strategy consultancies. 

German automakers face class actions over price-fixing

AFP: German auto giants Volkswagen, BMW and Daimler were hit with lawsuits this week charging the companies colluded illegally to drive up the prices of their cars.

Asia markets slump as US tech sell-off spreads

AFP:  Asian markets tumbled yesterday to end two days of gains as a US tech sell-off spread to the region, adding to concerns over corporate results.

Bimputh Finance wins a plethora of awards

Bimputh Finance has been presented with awards covering many areas this time for the excellent service rendered.

Asia’s biggest culinary exhibition opens

The 17th edition of the ‘Culinary Art Food Expo’ organized by the Chefs’ Guild of Lanka and CDC Events & Travels Pvt. Ltd., was inaugurated by President Maithripala Sirisena at the Bandaranaike Memorial International Conference Hall (BMICH) yesterday.  Guest of Honour on the opening day was Tourism Development and Christian Religious Affairs Minister John Amaratunga. Pic by: Kithsiri de Mel

Ravi attends Rotary Club Colombo West event as guest speaker

Foreign Minister Ravi Karunanayake was invited by the Rotary Club of Colombo West as the guest speaker at its luncheon meeting chaired by President Roshan Perera, with Rtn Pravir Samarasinghe, Secretary Harsha Rajan and Governor Senaka Amarasinghe at the head table. 

Indo Lanka Chamber of Commerce & Industry holds 9th AGM

The Ninth Annual General meeting of the Indo Lanka Chamber of Commerce & Industry (ILCCI) was held recently at Taj Samudra Colombo.

PM says will sign Hambantota port deal with China today

Sri Lanka will finally sign a US$1.1 billion deal today to lease the southern Hambantota port to China, after several months of delay caused by local protests and claims by opposing politicians that this would threaten national security.

Rupee steady as inward remittances offset importer dollar demand

REUTERS: The Sri Lankan rupee was steady yesterday as inflows from inward remittances offset importer dollar demand, dealers said. 

Odel paints new vistas with Desert Safari-inspired pre-fall collection

Nature’s vistas and forms have once again inspired a seasonal fashion collection at Odel, this time the dramatic shapes and colours symbolic of the desert. 

BOC organises ‘Little Picasso’ art competition

In line with the bank’s 78th anniversary celebrations, Bank of Ceylon (BOC) is set to conduct an art competition, ‘Little Picasso’ among schoolchildren and reward their talents with valuable gifts. 

Spa Ceylon wins big at World Luxury Spa Awards 2017

Spa Ceylon, the world’s largest luxury Ayurveda chain, yet again stamped its global dominance in the segment by clinching three major awards at the prestigious World Luxury Spa Awards 2017 annual gala held in Hanoi, Vietnam.

Colombo Coffee Company promotes coffee culture at Hotel Show 2017

Coffee was once a thriving cultivation in Ceylon. The British began large-scale commercial production and by 1860, the country was amongst the major coffee-producing nations in the world. Decades later ‘coffee’ is being revived and at the forefront of is Colombo Coffee Company (CCC). 

OPPO-Sony Pictures partner for Spider-Man: Homecoming

The ever-evolving camera phone brand, OPPO, has established an association with Sony Pictures on the much-awaited superhero movie, Spider-Man: Homecoming, in theatres from July 8.

Health Ministry-Litro Gas bring ‘healthy cooking’ to limelight

 In a bid to enable a culture of health-conscious culinary habits to penetrate into the wider social spectrum within Sri Lanka, Medical Services of the Health Ministry recently held a healthy cooking competition at the BMICH for the medical administrators of Uva Province attached to the College Medical Administrators.

TAG Heuer Monaco Calibre 11, Autavia win Red Dot distinction

The jury has reached its decision: after several days of assessing thousands of products from all over the world, the TAG Heuer Monaco Calibre 11 and the Autavia received the distinction ‘Red Dot’.  With the Monaco Calibre 11 and the Autavia, TAG Heuer has created an outstanding design that the expert committee for the Red Dot Award: Product Design 2017 has recognised with the internationally sought-after seal of quality.

99X Technology powers Sri Lanka’s first-ever Serverless Meetup

99X Technology held Sri Lanka’s first-ever technical meetup on the open source web framework Serverless earlier this month. The event saw some awesome cutting-edge globally trending tech 

Mercantile Volleyball Tournament 2017 is back with a Bang!

The Mercantile Volleyball Association of Sri Lanka is once again organizing the annual Mercantile Volleyball Tournament in a bid to popularize the national sport and to widen interest in the game in the 

Amãna Takaful relocates its Akkaraipattu branch to serve their customers better

Amãna Takaful PLC (ATL) the only fully-fledged Takaful operator in the country and the flag bearer of the Takaful way of insurance in Sri Lanka, recently relocated its Akkaraipattu Branch with the intention

The Sri Lanka Debaters Council to compete in the World Schools Debating Championship (WSDC) in Bali

The Sri Lanka Debaters Council will compete in the World Schools Debating Championship (WSDC) in Bali, Indonesia in August. The team consists of 3 members from the 2016 team; Anish Fonseka 

Kia donates Rs.15mn to build preschool in Sri Lanka

Children of the Dikkowita area in Hendala have received a new purpose-built pre-school thanks to the generosity of a group of Korean students and funding support from Korean car maker Kia.

Harpic pledges to contribute sales proceeds to support sanitation access

Sri Lanka’s number one toilet cleaning brand, Harpic pledged to contribute a percentage from the sale of each Harpic 500ml bottle of its popular toilet cleaner range, reaffirming its commitment to the national campaign to build 300 toilets. 

Ceylinco Life donates classrooms to primary schools in Wellawaya and Talawa

Primary grade students at two schools in Talawa and Wellawaya need no longer learn in temporary shelters or under trees, thanks to the generosity of Ceylinco Life.