LB Finance expands to Mannar

LB Finance, Sri Lanka’s trailblazer in innovative financial services, recently opened a new branch at No: 187, Main Street, Mannar.

NDB wins 5 awards at Asian Banking and Finance Awards 2017

NDB was adjudged Domestic Retail Bank of the Year - Sri Lanka and SME Bank of the Year - Sri Lanka for the fifth consecutive year at the recently concluded Asian Banking and Finance (ABF) Retail Banking Awards 2017. 

SimpleCRM to revolutionize banking, financial and insurance landscape

Comprehensive and an affordable customer relationship management (CRM) software founded by a passionate and one of the most experienced CRM teams in Asia, SimpleCRM, recently started delivering its solutions to the Sri Lankan banking, financial services and insurance industry. 

ITC and NIOE collaborate to provide e-learning course to SMEs

The National Institute of Exports (NIOE), a subsidiary of the National Chamber of Exporters of Sri Lanka (NCE), conducts professional courses in the vital field of exports for the benefit of those employed in export enterprises. 

OSMO Fitness expands with the introduction of CrossFit Colombo

The Blue Mountain Group recently introduced CrossFit Colombo, along with a luxury leisure pool complex, as the two latest value additions to the group’s state-of-the-art sports and wellness complex, 

Startup X Foundry steals the show at Disrupt Asia 2017

Showcasing three outstanding new startups in acceleration as its launch ventures, StartupX Foundry stole the show at Disrupt Asia 2017, held at Hilton Colombo on the 12th of July. The newly established 

Assets return to unit trusts but uncertainty looms with new revenue law

Sri Lanka’s unit trust fund industry, once on the brink of collapse due to the possibility of higher taxes being slapped, has made a sharp pick up in assets under management (AUM), much to the joy of the fund managers, recent data showed.  

Implementation of WTO TFA key for import-export trade, FDI: chamber

As efficiency in border procedures is a critical factor that determines international competitiveness, implementing most of the provisions in the World Trade Organization (WTO) Trade Facilitation Agreement (TFA) for Sri Lanka is very critical, the Import Section of the Ceylon Chamber of Commerce said recently.  

East West Properties opens SL’s first Marriot hotel in Weligama

East West Properties PLC, one of the oldest real estate developers in the country, last week commenced commercial operations of its hotel constructed in Weligama Bay, a stock exchange disclosure by the company said. 

National inflation up 6.3% in June on higher food prices

Sri Lanka’s national inflation, a broader measurement of changes in consumer prices covering all the provinces, increased by 6.3 percent during the year to June 2017 as increased food prices outpaced the increase in non-food prices.

Dialog accuses SLT of industrial espionage

The Commercial High Court on July 19th Wednesday ordered Sri Lanka Telecom PLC (SLT) to disclose the source / person from whom SLT had acquired confidential information of Dialog Broadband Networks (Private) Ltd (Dialog Broadband).

Sri Lanka Economic Summit to discuss solutions to national challenges

Sri Lankan government ministers, opposition parliamentarians and government advisors will take center stage at the eighth and the last session of the Sri Lanka Economic Summit 2017 to discuss current national challenges faced by the country and possible solutions for those issues.

PM to take decision on SriLankan Airlines restructuring in 2 months

The Prime Minister Ranil Wickremesinghe will soon take a decision on the restructuring of the state-run national carrier SriLankan Airlines over the next couple of months, following the submission of recommendations by a Cabinet committee this week, amid efforts to find a partner to manage the debt-ridden and loss-making airline. 

EDB promotes Sri Lankan education services in Nepal

The Export Development Board (EDB) is facilitating the Sri Lankan educational services exports sector, participating in the 11th ECAN Education Fair held in Nepal from 20th  – 23th of July, providing information, co-ordination and financial assistance under the EDB Market Development Assistance Programme. 

CA Sri Lanka and IRCSL launch guide to Integrated Corporate Reporting

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) in collaboration with the Integrated Reporting Council of Sri Lanka (IRCSL) recently launched ‘A Supplement to A Preparer’s Guide to Integrated Corporate Reporting’ in the presence of Richard Howitt, Chief Executive Officer of the International Integrated Reporting Council (IIRC).

SLIM Speech Idol Season-3 finale on July 27

Organised by the Sri Lanka Institute of Marketing (SLIM) together with SLIM Toastmasters Club, SLIM Speech Idol, the national speech contest, will hold its Season 3 finale on July 27th at the Sri Lanka Foundation Institute in Colombo.

Euro extends gains as ECB fuels ‘taper’ talk but equities soften

The euro extended its gains yesterday after the European Central Bank said it would begin re-evaluating its easy-money policies in the autumn, fuelling talk that the age of cheap money was coming to an end.

U.S. toughens stance on foreign deals in blow to China’s buying spree

  A secretive U.S. government panel has objected to at least nine acquisitions of U.S. companies by foreign buyers so far this year, people familiar with the matter said, a historically high number that bodes poorly for China’s overseas buying spree. 

Rupee steady; importer dlr demand offsets exporter sales

The Sri Lankan rupee was steady yesterday with demand for the greenback from importers offsetting dollar sales by exporters and foreign banks, dealers said. 

Winning toilet paper gowns offered to brides-in-need

A toilet paper wedding dress with 1,500 hand-cut butterflies made by a mother of two in her spare time won the US $ 10,000 first prize in a quirky New York fashion competition on Thursday and a bride-in-need may have the chance to wear it down the aisle.

FTC probing allegations of Amazon’s deceptive discounting

As part of its review of Amazon’s agreement to buy Whole Foods, the Federal Trade Commission is looking into allegations that Amazon misleads customers about its pricing discounts, according to a source close to the probe.

Signature brings affordable luxury to grooms this wedding season

Leading retail brand Signature, recently introduced an array of special packages to help grooms look their very best this wedding season.

Pan Asia Bank Toastmasters Club installs first executive committee

Pan Asia Bank Toastmasters Club installed its first executive committee recently marking the beginning of a journey towards nurturing the next generation of corporate leaders.

Overwhelming entries for Mom, Me and My Milo campaign

Building on the tremendous success of the Mom, Me and My Milo campaign in the last two years, Milo is once again bringing together the most important stakeholders at the heart of its brand - moms and kids - to bond and enjoy an active lifestyle together.   

CBL’s Sera coconut milk makes cooking easy

It’s all about coconut milk: Though there are many distinct features of Sri Lankan cuisine that set it apart from culinary styles across the world, the one, sure-fire ingredient that adds an authentic flair to any Sri Lankan dish, is coconut milk

DIMO Overall Gold Winner in CMA Excellence in Integrated Reporting Awards

The third‘CMA Excellence in Integrated Reporting Awards –2017’awards presentation ceremony was held on 17th of July at Cinnamon Lakeside, Colombo in line with CMA National Management Accounting Conference under the theme of ‘Digital Transformation – A new Strategic Imperative’.

Lanka Livestock ‘17’ Expo

‘Lanka Livestock ‘17’, Sri Lanka’s biggest feed, livestock, and animal health expo was inaugurated under the patronage of Prime Minister Ranil Wickremesinghe on Thursday at SLECC, Colombo.

New Inland Revenue Bill to be passed in parliament next month

The new Inland Revenue Bill, which the government is pinning its hopes on to create a just and broad taxation system, will likely be passed by parliament this August, after incorporating amendments proposed by the Supreme Court and other stakeholders, Sri Lanka’s Finance and Media Minister said.

Waters Edge opens ‘Night Kade’

How many times have you woken up in the middle of the night, fumbled your way in the darkness to the refrigerator, only to find nothing tempting enough to eat? Even if you were to drive out to grab a quick bite, options are so limited for the city dweller. 

ReeBonn Cosmetics introduces superior face wash range

ReeBonn Cosmetics (Pvt.) Ltd, one of the foremost herbal cosmetic companies operating in Sri Lanka, has introduced an assortment of brand-new face wash products with enhanced quality. All these products come in user-friendly containers.