Alliance Finance breaks new ground with 3D directional signage concept

 Alliance Finance goes one step further, breaks new ground with its unique new 3D hoarding cum directional signage concept, incorporating an actual 3D conceptual vehicle for its most flexible one-day leasing package for registered and  unregistered bikes.  

DFCC Bank March quarter profit up on better margins

The DFCC Bank PLC group reported a net profit of Rs.1.36 billion or Rs.5.13 a share for its January – March quarter, gaining 42.5 percent from the corresponding quarter last year as the bank appears to have managed to expand its margins under the rising interest rate scenario but the loans have barely grown, the interim results released by the  bank showed. 

‘Central Bank Comes to You’ open day programme today

The Central Bank of Sri Lanka (CBSL) will conduct its first open day programme, ‘Central Bank Comes to You’, at the CBSL Matale regional office, at No. 805, Trincomalee Street, Mandandawala, Matale, today and tomorrow from 9:00 a.m. to 8:00 p.m.

Nepal Rastra Bank-IFC partner to promote sustainable and inclusive finance

IFC, a member of the World Bank Group, is partnering with Nepal Rastra Bank (NRB), the central monetary authority of Nepal, to help the bank adopt improved environmental and social risk management practices to strengthen their portfolio performance, generate business opportunities and boost competitiveness in the region.

IMF implies new income tax law imperative to go forward

After pushing the government to raise the Value Added Tax (VAT) last year, it now appears that the International Monetary Fund (IMF) wants the new income tax bill to be presented to parliament before June this year to release the third tranche of the US $ 1.5 billion loan programme it has with Sri Lanka.

Challenging operating environment hurts SriLankan FY2016/17 performance

National carrier, SriLankan Airlines, said yesterday it incurred a group net loss (before finance and one-off charges) of Rs.6.49 billion (US $ 15.2 million) for the financial year (FY) 2016/17 amid difficult market conditions. 

Ray Abeywardena appointed new CSE Chairman

The Colombo Stock Exchange (CSE) yesterday announced the appointment of Ray Abeywardena as the Chairman of the board of directors of the CSE with effect from May 5, 2017. 

Tourist arrivals rebound in April as airport reopens

After two months of negative growth, tourist arrivals to Sri Lanka rebounded 17.5 percent year-on-year (YoY) this April to reach 160,249 tourists, following the resumption of normal operations at the 

Shares gain; IMF may consider loan review request

REUTERS:  Sri Lankan shares ended firmer yesterday, helped by foreign buying in blue chips, after the International Monetary Fund said it may consider the country’s request for a second loan review.

Sri Lanka tea sale averages soar in April

Sri Lanka tea sale averages for the month of April 2017 recorded Rs.648.52 (approx.US$ 4.27) compared to Rs. 429.76 (approx. US$2.98) in the same month last year, according to data compiled by Ceylon Tea Brokers PLC.  

Rupee edges up on exporter dlr selling

REUTERS: The Sri Lankan rupee ended slightly higher yesterday as exporters sold the dollar and a statement from the International Monetary Fund (IMF) that it may review the country’s request to complete a second loan review boosted the sentiment. The move comes a day after the IMF said its executive board was likely to consider in June Sri Lanka’s reque

Sri Lanka launches 10-year sovereign bond

Sri Lanka has tightened the final guidance to 6.25 percent area, plus or minus 5 basis points, for its proposed 10-year US dollar bond.

RIL Property banks on future commercial space demand for growth

Commercial property development group, RIL Property Limited (RIL), yesterday started trading on the Colombo Stock Exchange, with the share opening at Rs.9, one rupee above the issue price to later settle down at Rs.8.40-50 levels. 

Mobitel brings home 2 Silver Awards from the 6th APAC Customer Engagement Awards held in India

Sri Lanka’s National Mobile Service Provider, Mobitel, made a dynamic impression at the 6th APAC Customer Engagement Awards held on the 29th April 2017 in Mumbai, India, by winning 2 Silver 

Ceylon Chamber calls for targeted programme to make most of GSP Plus

Sri Lanka’s premier trade chamber, the Ceylon Chamber of Commerce (CCC), yesterday called on the government to launch a targeted and accelerated programme to support the sectors capable of expanding their exports to the European Union (EU) in the wake of the country’s prospects for regaining the GSP Plus trade concession remain high. 

Omen by HP supercharges PC gaming experience

HP Inc. announced the Omen by HP notebook PC, a gaming PC that combines performance, portability and style in a package that is designed for gamers.

HNB launches new electronic banking centre at Trace Expert City

HNB PLC announced the continued expansion of its extensive customer centre network with the launch of a new, fully-automated, electronic banking centre in Panchikawatte. 

Dreamron Cosmetics expands to Myanmar market

Dreamron, Sri Lanka’s premier brand of cosmetics and the largest exporter of hair and skin cosmetics launched its product range at the Hledan Center in Yangon Myanmar amid a large and distinguished gathering, last month. 

EU-SL hold Investor Dialogue meeting

The European Union (EU)-Sri Lanka Investor Dialogue meeting was held at the Development Strategies and International Trade Ministry yesterday.

Tea Board Chief on brewing a perfect cuppa!

The tea industry is one of the key pillars of Sri Lanka’s economy. But for some time Sri Lanka’s tea cup has been in a storm and a new recipe for revival and sustenance is imperative at this point of time.

Gulf Air renews IOSA certification

Gulf Air, the Kingdom of Bahrain’s national carrier has successfully completed the internationally recognized, biennial IATA Operational Safety Audit (IOSA) and has been renewed on the IOSA Safety Audit Registry until May 2019, a registry that the airline has been on  since 2005.

Leo Burnett ranked 3rd at AdFest 2017

Leo Burnett Asia-Pacific recently was ranked the third most awarded agency at AdFest 2017, which took place in Thailand. 

Etihad Aviation Group appoints Gavin Halliday as Hala Group MD

Etihad Aviation Group (EAG) announced the appointment of Gavin Halliday as Managing Director of Hala Group, its destination management and global loyalty unit.

Foreign investors to take part in ‘Sri Lanka Investment Business Conclave 2017’

Foreign investors already registered to take part in the upcoming Sri Lanka Investment and Business Conclave 2017 have shown interest in the areas of agriculture, export manufacturing, infrastructure development, port development, power and energy, telecommunications and related services and tourism and leisure. 

Lanka Financial Services Bureau among top five SWIFT infrastructures in Asia Pacific

Lanka Financial Services Bureau Limited (LFSBL), the SWIFT shared infrastructure of Sri Lanka has been included among the top 5 SWIFT shared infrastructures in the Asia Pacific region. 

Pathfinder Foundation seeks to enhance Indo-Lanka connectivity

The Centre for Indo-Lanka Initiatives of the Pathfinder Foundation, in partnership with New Delhi-based Carnegie India and Vivekananda International Foundation, conducted a conference aimed at enhancing connectivity between India and Sri Lanka last week in Colombo. 

Kapruka founder discusses future of online shopping with Jack Ma

In a strategic move to boost e-commerce in Sri Lanka as part of the nation’s trade development within the current digital age, our very own e-commerce initiator Dulith Herath met the global e-com king Jack Ma recently.

Tourist arrivals to Maldives down 2.1% in March

Tourist arrivals to the Maldives, where several Sri Lankan hospitality companies have set up operations, fell 2.1 percent year-on-year (YoY) in March 2017 to 112,665 tourists, while increased arrivals for the first three months of the year were weighed down by shorter holidays.

NDB March quarter profit up on higher loans, margins and lower loan impairments

The National Development Bank PLC group (NDB) reported earnings of Rs.737.5 million or Rs.4.46 a share for the January – March (1Q17) quarter, up 35 percent year-on-year (YoY), the interim financial accounts released to the Colombo Stock  Exchange showed.  

Suresh de Silva takes helm at Eguardian Lanka and DCS International

LIMRA Holdings announced the appointment of Suresh de Silva as the Chief Executive Officer (CEO) of its IT cluster companies, Eguardian Lanka Private Limited (Eguardian Lanka) and DCS International Private Limited (DCS International) with effect from 1st May.