Construction Expo 2017 opens today

Sri Lanka’s largest and most focused constriction related exhibition, ‘Construction Expo 2017’, featuring all aspects related to the construction and building industry will be held on June 2nd, 3rd and 4th at the BMICH.

Famous Pacific Shipping named official logistics provider for Construction Expo 2017

Famous Pacific Shipping Lanka (Pvt) Ltd (FPS) has been appointed as the official logistics partner by the Lanka Exhibitions and Conference Services (LECS) for Constructions Expo 2017 covering the services of freight, customs clearance, transport warehousing and off-loading. 

Blue Mountain Apartments on schedule with key projects

Blue Mountain Apartments (BMA) is set to host the ground-breaking ceremony for its latest real estate development project Avalon, this June. Having launched the project in March 2017, the 

DSI and Nirogi Lanka tie-up to promote special shoes for diabetic patients

DSI recently joined hands once again with Nirogi Lanka of the Sri Lanka Medical Association on a campaign to promote the use of safe, shoes for those suffering from diabetes. 

KIU holds inauguration ceremony for 2017 new entrants

KIU held the 2017 inauguration of BSc. Hons in Nursing, Biomedical Science, Psychology, Management, Acupuncture and Kaatsu degrees and Diploma in Mass Media Management. 

Gilead and GSK go head-to-head with similar HIV drug data

REUTERS:  Gilead Sciences Inc and GlaxoSmithKline PLC will go head-to-head with rival versions of an improved class of HIV medicines, after clinical studies showed the U.S. company’s new drug bictegravir was as effective as GSK’s product.

Returning expats could hit UK healthcare after Brexit: study

AFP: Britain’s healthcare system faces spiralling costs if expat pensioners living in other parts of the European Union return after Britain leaves the bloc, a study by an independent health charity warned on Wednesday.

Eva to empower Sri Lankan women with ‘Eva Piripun Mehewara’

Eva, Sri Lanka’s leading sanitary napkin brand, recently launched their initiative ‘Eva Piripun Mehewara’, with the aspiration to empower Sri Lankan women to lead with confidence in everything they do.

SPAR to commence operations in Sri Lanka by Q4 2017

SPAR is the world’s leading voluntary food retail chain. The business started with one Dutch store in 1932 and today, with over 12,100 stores in 42 countries worldwide, the retail partners of SPAR unite 

Sri Lanka’s energy push an opportunity for India

Sri Lanka is making a big push into the energy sector, with focus on renewable energy. And that is an opportunity for India.

Building the future: Infrastructure in ASEAN and South Asia

ASEAN and South Asia are building infrastructure at an unprecedented rate. Anyone who travels the capital cities of this region knows it for a fact. Roads, railroads, bridges, ports and metros. 

Can monetary policy solve China’s soaring leverage?

China’s leverage ratio — the ratio of debt to assets or equity — is rising at an alarming pace and approaching a historical high. High leverage ratios have in the past caused concern that financial asset bubbles in China might soon burst.

DFCC Exhibits Winning Spirit At Avurudu Themed Sports Day

The DFCC Sports Day was held on a grand scale on the 30th of April at the Havelock Sports Grounds. Themed ‘Aluth Avuruddai DFCC Api’, a wide range of competitions were organised right 

HNB teams up with Parkway Hospitals to offer priority healthcare services to Club members

HNB signed a Memorandum of Understanding (MOU) with Parkway Hospitals Singapore, a joint endeavor that paves the way for a new era of collaboration between a bank and a private medical institution. 

Commercial Bank and United Motors launch new leasing promo

Attractive benefits have been announced for businesses or individuals seeking to purchase trucks and buses from United Motors on lease from the Commercial Bank of Ceylon.

NTB Amex cardholders get 40% off at all Cinnamon Resorts

Nations Trust Bank American Express is offering its cardmembers a 40 percent savings on accommodation at all signature Cinnamon Resorts, island wide. 

Vallibel Finance opens branch in Nuwara Eliya

Vallibel Finance set alight world renowned Nuwara Eliya, bringing its renowned brand of financial services to a city blessed with a breathtaking landscape and a multi-faceted economy. 

Sri Lanka Insurance at new premises in Kegalle

Sri Lanka Insurance Kegalle branch office was relocated at a state-of-the-art office complex last week to provide a speedier and more efficient service to its customers. 

Second General Insurance Sales Congress concludes on high note

Organized by the Insurance Association of Sri Lanka (IASL), the second annual General Insurance Sales Congress (GISCO) was held on the 25th of May 2017 at the Water’s Edge in Battaramulla.  The event was attended by over 500 delegates from various insurance companies and other related organizations as well as the crème de la crème of the industry. 

Huawei unveils GR3 2017 series in Sri Lanka

Huawei, the leading smartphone brand in Sri Lanka launched the much anticipated Huawei GR3 flagship smartphone to the country. The Huawei GR3 2017 comes with Android 7.0 from Google and this new introduction from Huawei brings to light the dynamic features that the GR3 2017 has been equipped with. 

Fresh initiatives would be taken to boost ICT sector, says incoming FITIS Hardware Chapter President

A series of new initiatives will be launched with the core objective of giving an impetus to the overall development of the Information and Communication Technology (ICT), said Sudath Amarasinghe, the newly-elected President of the Sri Lanka Computer Vendors’ Association (SLCVA) , the Hardware Chapter of FITIS. 

JKH renews focus on property sector

The country’s largest conglomerate, John Keells Holdings PLC, will be embarking on a sustained commercial and residential property development drive in the future, despite rising concerns of an asset bubble in the real estate industry.

May inflation moderates to 6% amid higher food prices

Sri Lanka’s headline inflation moderated to 6.0 percent during the 12 months to May, from 6.9 percent in April mainly as a result of the base effects, but the month-on-month (MoM) prices saw a 0.9 percent increase due to significant increase in food and beverage prices. 

India’s largest LNG player keen to invest in Sri Lanka

India’s largest liquefied natural gas (LNG) player, Petronet LNG, Ltd will be investing in a piped natural gas supply system for Sri Lankan households if the Sri Lankan government gives the green light, a press communiqué from the Industry and Commerce Ministry said.

Agri business propels Sunshine Holdings FY17 performance

Diversified conglomerate, Sunshine Holdings PLC, boosted its net profit by 60 percent year-on-year (YoY) to reach Rs.125.56 million for the quarter ended March 31, 2017, (4Q17), although the 2017 financial year (FY17) ended with a loss for the group despite a strong performance by its agriculture operations.

HSBC Lankan unit March profits down on tighter margins, slower loan growth

The Sri Lankan unit of the global banking giant, Hongkong and Shanghai Banking Corporation Limited (HSBC), saw its bottom line narrowing for the quarter ended March 31, 2017 (1Q17) amid tighter margins, a contracting loan book and lower other income gains. 

State Minister of Finance assumes duties

The newly appointed State Minister of Finance Eran Wickramaratne assumed duties at the Finance Ministry yesterday.

Korea to boost Sri Lankan startups

Sri Lankan startups are presented with an opportunity to receive a further boost this year with the Republic of Korea announcing the ‘2017 K-Startup Grand Challenge’ in Colombo yesterday.

MTI acquires equity stake in Carbon Consulting

MTI Consulting, the internationally-accomplished boutique strategy consultancy, has announced its acquisition of a strategic equity stake in The Carbon Consulting Company - Sri Lanka’s pioneering provider of integrated sustainability solutions. 

Rupee ends firmer on exporter dollar sales

REUTERS:  Sri Lankan rupee ended slightly firmer yesterday as dollar selling by exporters outpaced importer demand for the U.S. currency, even as investors weighed the consequences of weather-related damage to the economy, dealers said.