Amãna Bank gets capital boost from ICD

Amãna Bank has received confirmation from IB Growth Fund (Labuan) LLP, a subsidiary of the Islamic Corporation for the Development of the Private Sector (ICD), to participate in the Bank’s forthcoming rights issue. 

India’s Intex Technologies partners with Sri Lanka’s Softlogic Communications

In an effort to become a force to reckon with in the Sri Lankan market, Intex Technologies, a leading Indian mobile handset and consumer durables major, has entered into a strategic partnership with the island country’s top business conglomerate – Softlogic Communications Pvt Ltd, a fully owned subsidiary of Softlogic Holdings PLC to aggressively target a major share of the nation’s mobile handset business market. 

SWT Associates becomes independent member firm of IAPA International

The UK based International Association of Practicing Accountants (IAPA) recently inducted the Chartered Accountant firm SWT Associates, as its member firm in Sri Lanka.   

Qatar Airways and IATA showcase cabin safety best practice

The IATA Cabin Operations Safety Conference (COSC), the pivotal global conference for cabin safety across the aviation industry, concluded its three-day programme last week in Doha, Qatar.  Hosted by Qatar Airways, the event brought together more than 200 representatives from industry organizations across the globe, to gain insights and share cabin safety best practice.

Dialog commences commercial operations of 4.5G LTE home broadband in Colombo

Sri Lanka achieved yet another milestone on the region’s broadband technology landscape this week, as Dialog Axiata announced the launch of its commercial 4.5G TDD LTE network.  

Milo partners RCU for Bradbly Fiesta

The stage is all set for a great game of rugby, when the historic rivalry between the Royalists and the Trinitians continues on field, at the 2nd leg of the 73rd Bradby Shield, scheduled to be held at Royal College, Sports Complex on the 3rd June.  

Airtel Lanka introduces high definition movie portal ‘Airtel Movie Box’

For the first time in Sri Lanka, Airtel Lanka has introduced a high definition movie portal ‘Airtel Movie Box’ for smart phone users across the country. 

Two Lankan plantation firms borrow abroad

Sri Lanka’s plantation firms with their parents in the UK have borrowed in US dollars to enjoy cheaper interest costs.

ICC Sri Lanka welcomes govt.’s efforts to restore GSP Plus

The International Chamber of Commerce (ICC) Sri Lanka welcomed the quick initiative taken by the government to regain GSP Plus as it would pave the way for duty free access to the European Union (EU) market on a whole range of products.

Traveller Global launches The Travel Cart online travel agency

The Traveller Global (Pvt) Ltd, Sri Lanka’s largest outbound travel operator, has launched The Travel Cart, a comprehensive online travel agency service which fulfills the company’saim of expansion, via a business-to-business system that converts the day to day activities of a travel agency to an online platform. 

Pan Asia Bank offers highest rate for ‘Champion Saver’

Pan Asia Banking Corporation offers up to 8 percent (AER 8.33 percent) for savings deposits through its flagship savings product ‘Champion Saver’.

Colombo YMBA and Ratnapura Buddhist Society hold workshop on entrepreneurship

A workshop was held recently, aimed at identifying and resolving the issues faced by the local small and medium business owners as well as empowering them as an important collective in the nation.  The workshop was attended by more than 100 such entrepreneurs in the Ratnapura district.

Etihad Airways to launch A380 flights to Paris

Etihad Airways announced the year-round deployment of its award-winning Airbus A380 aircraft on the Abu Dhabi to Paris route.

AIA Tower opens for business

AIA Insurance announced its new head office building, the AIA Tower, located at Dharmapala Mawatha, Colombo 07. The move to the new building, signals AIA’s deep commitment to further expand its growing business in Sri Lanka. 

Emirates to launch third daily Brisbane service 

Emirates has announced it will introduce a third daily service to Brisbane, Australia from 1 December 2017, complementing Emirates’ existing two daily services.

Setback in Sri Lanka for China’s Silk Road

China’s ambitious Belt and Road Initiative (BRI) sets the bar high. It strives to connect Asia, Africa and Europe with the aim of achieving mutual development. Sri Lanka, with its valuable geographic position in the heart of the Indian Ocean, is a crucial participant in Beijing’s newest endeavour.

Home Lands Group to facilitate PIMA vision as strategic partner

Home Lands Group has come forward as the strategic partner for Postgraduate Institute of Management Alumni Association (PIMA). 

Emirates SkyCargo and Cargolux announce landmark cargo partnership agreement

Emirates SkyCargo and Cargolux Airlines have signed a Memorandum of Understanding (MoU) for a strategic operational partnership in air cargo transportation. 

‘Office 2017’ workplace solutions exhibition to begin on September 29

An exclusive exhibition on complete workplace solutions, ‘Office 2017’ is scheduled to be held on the 29th, 30th September and 1stOctober at Sirimavo Bandaranaike Memorial Exhibition Center, Colombo.

Commercial Bank offers e-FDs online

Commercial Bank’s online banking platform has been further enhanced with the introduction of Electronic Fixed Deposits (e-FDs) in both local and foreign currencies.

Best Bancassurance performers from AIA and NDB recognized

A ceremony in celebration of AIA’s and NDB’s top Bancassurance performers was recently held at the Cinnamon Lakeside Colombo. 

AIA Tower, now open for business.

AIA Insurance is proud to announce its brand new Head Office building, the AIA Tower, located at 92, Dharmapala Mawatha, Colombo 07. The move to the new building, signals AIA’s deep commitment to

The apartment development sector reacts to CB Governor’s recent comments on the industry

Responding swiftly and strongly to the statement made by the Governor of the Central Bank with regard to the apartment development industry, stalwarts of the industry have stated that it was 

SLIM – NASCO invites entries for 2017 for the 17th consecutive year

The Sri Lanka Institute of Marketing (SLIM) is pleased to announce that entries are now open until 6thJune 2017 for the eagerly-anticipated National Sales Congress (NASCO) 2017 and invites 

Laboratory accreditation imperative for high quality patient care :Dr. Siriwardena

The greatest commitment of a health care provider is to heal the patient while practicing evidence-based medicine. 

Vitawell expands to Rajagiriya

Vitawell, Sri Lanka’s first specialist nutraceutical company, recently launched its second store in Nawala-Rajagiriya; in its efforts to enhance the offer of ‘whole body nutrition’ to a wider customer base.

Japan to bring forward target for increased generic drug use -sources

REUTERS: Japan will bring forward a target to boost the use of generic drugs by six months to September 2020, two government sources with direct knowledge of the matter said yesterday.

Sun Pharma tanks 7% on Taro’s weak results

The Hindu Business Line: Sun Pharma fell to its six-month low after Taro reported weak results. Sun Pharmaceutical Industries declined as much as 7 per cent to Rs 601.50 to its lowest since November 9.

Apeksha IVF sends Sri Lankan consultants for ART training at MARC

Apeksha IVF recently succeeded in sending the first batch of consultants on training at the Manipal Assisted Reproduction Centre, Manipal University India. 

Baraka black seed oil helps fight influenza, viruses and allergy symptoms

Seasonal changes give rise to various airborne illnesses. Moving from wet weather conditions to dryer conditions the prevalence of viruses, allergies and other related infections have been observed.  Withering the storm of this environment it is important to guard oneself by enhancing one’s immunity. The natural defense to ward off the storm is the secret to good health and a happy life.