Hayleys introduces innovative range of mattresses

In today’s busy world, making sure that you get the right quantity and quality of rest each night has been proven to be vital to long-term health, happiness and well-being. More often than not, it tends to be the mattress which people sleep on that can make the difference between a peaceful night’s rest and a fitful night of tossing and turning. 

Blue Mountain’s Achilleion wins gold for Sri Lanka’s best marketing and advertising website

Blue Mountain’s Achilleion website recently won a Gold award from bestweb.lk, in the ‘Best Advertising and Marketing Website in Sri Lanka’ category. The governing body for all .lk domains in 

LB Finance relocates Sainthamaruthu branch

LB Finance, Sri Lanka’s trailblazer in innovative financial services, recently relocated its Sainthamaruthu branch to a new location at MPCS Building, Main Street, Sainthamaruthu. It was graced by LB Finance Deputy General Manager Marlon Perera. 

People’s Bank installs new self-banking unit at AG’s Department

A new self-banking unit of People’s Bank was recently declared open at the premises of Auditor General’s (AG) Department in Sri Jayewardenepura Kotte. 

Themiya Hurulle appointed to ComBank board

Former United National Party Parliamentarian Themiya Hurulle, who is presently serving as a Sri Lanka Constitutional Reform Public Representations Committee Member, has been appointed as an Independent Non-Executive Director of Sri Lanka’s largest private bank, Commercial Bank of Ceylon PLC, with effect from April 5.

BOC invites whole family for Avurudu ganu denu

Celebrating the true spirit of Sinhala and Tamil Aluth Avurudu, Bank of Ceylon (BOC) wishes to demonstrate its appreciation of Sri Lankan traditional customs by conducting traditional Avurudu ganu denu with all its customers on Saturday, April 15, 2017.

Fresh wave of interest in Lankan stocks, but not from within

The current bear run at the Colombo Stock Exchange (CSE), although remaining a sore for the locals, appears to have stirred the interest of a group of investors the country’s capital market has been in need for many years so badly – the foreigners.  

Tourism authorities hopeful of reversing negative arrival trend with BIA re-opening

Sri Lanka tourism authorities are hopeful that the re-opening of the Bandaranaike International Airport (BIA) yesterday, after the relaying of its runway, would help reverse the negative trend in arrivals witnessed in the last two months.

Rupee ends weaker on late importer dollar demand

REUTERS: The Sri Lankan rupee ended slightly weaker in dull trade yesterday as it surrendered early gains due to importer dollar demand in the latter part of trade, outpacing inward remittances and exporter greenback sales ahead of the festival session, dealers said.

Arjuna says will continue to play hardball with Chinese over H’tota port lease

Sri Lanka’s ‘Captain Cool’, who has recently been playing hardball with China to get favourable terms for Sri Lanka over the Hambantota port lease deal says he will continue to work towards making the deal advantageous to Sri Lanka before an agreement is inked.  

Finance company margins to dip, leases to moderate, but asset quality to remain high: research repor

The interest margins of finance companies in the country are expected to shrink during this year amid rising interest rates, as bulk of the loan portfolios comprises of fixed rate leasing, mostly given on vehicles, according to a finance sector report by a leading investment banking group.

Shares hit near four-month closing high as blue chips rally

REUTERS: Sri Lankan shares rose for an eighth straight session yesterday to their highest close in nearly four months led by blue chips such as Ceylon Tobacco Company Plc and John Keells Holdings Plc as continued foreign buying boosted sentiment.

Browns in JV with Hong Kong-based firm to build US$ 70mn shopping mall

The Browns Group yesterday entered into a joint venture (JV) agreement with a Hong Kong-based investment company to construct a US$ 70 million shopping mall and leisure centre at the current Excel World entertainment park premises.

SriLankan celebrates resumption of all day operations at BIA

SriLankan Airlines yesterday celebrated the return to all day operations at its hub in Colombo’s Bandaranaike International Airport (BIA) by feting all passengers who arrived on the first flight of the day with traditional Sri Lankan milk rice and sweetmeats. 

Breaking silence on depression: Challenging task for Sri Lanka

Mental health has been emphasized as a core component of health by the World Health Organisation (WHO) since the late 40s. For many years however, safeguarding mental health remained on the back-burner. But mental health issues started gaining priority regionally and globally in the mid-90s, 

PATA all set to kick off annual summit in Sri Lanka

The much anticipated annual general meeting of the Pacific Travel Asia Association (PATA) will be held at the Jetwing Blue Hotel, Negombo in collaboration with the Sri Lanka Convention Bureau and Sri Lanka Tourism Promotion Bureau from 18th – 21st May. 

IFC, Australian govt. partner to support better jobs for Sri Lankan women

IFC, a member of the World Bank Group, announced the Women in Work programme in partnership with the Government of Australia, aimed at providing Sri Lankan businesses with strategies and tools to create more and better private-sector employment and business opportunities for women.  

UAE keen to enhance commercial ties with Sri Lanka

The United Arab Emirates wishes to enhance bilateral trade and investments with Sri Lanka, its envoy in Sri Lanka, Abdulhamid Abdulfattah K Al Mulla said during a meeting with the Ceylon Chamber of Commerce recently.

SDB opens Vyawasaya 2017 exhibition on day 3

SDB bank participated at the third day of ‘Vyawasaya 2017’ exhibition and trade fair 2017) that was held on March 31st, 01st and 02nd of April at BMICH in Colombo. 

Ravi meets Nepali counterpart

 Finance Minister Ravi Karunanayake met his counterpart of Nepal, Krishna Bahadur Mahara during the South Asian Sub Regional Economic Summit held in New Delhi recently. The two ministers discussed several issues important to both countries at regional level.

Hameedia launches India’s PRO shoe care range

Strengthening its product portfolio, Hameedia, the local menswear specialist, recently introduced a new range of shoe care products to the local market with the launch of India’s PRO shoe care. The PRO shoe care range of products offers eight focused categories for shoe and leather care called: clean, care, colour, shine, renew, fresh, protect and accessories.

IAA gets power-packed board this year

A galaxy of experience and star performers form this year’s dynamic new IAA board. Unanimously elected as president for the 3rd time running was Dentsu  Grant Vice President, Laila Gunesekere-

The biggest CFW to date concludes with Celebrating Colombo

HSBC Colombo Fashion Week concluded its summer season as the biggest, under the theme ‘Celebrate Colombo’ in association with Sri Lanka Tourism. Hosted at Hilton Colombo, CFW, in its 

Cavinkare Launches ‘Indica Easy Shampoo Based Hair Colour’ -The next Hair Colour Revolution in Sri L

Time is of essence in today's fast paced world, so consumers are reluctant having to spend almost over an hour on hair coloring every month. Plus while using conventional hair dyes we also need the 

Oman Air takes off to Nairobi

Oman Air, the national carrier of the sultanate of Oman, launches its new four times weekly flight from Muscat to the Kenyan capital of Nairobi; the latest move in the airline’s ambitious and dynamic 

Agalawatte Plantations back in spotlight for all wrong reasons

A case of major corporate skullduggery has been unearthed at Agalawatte Plantations PLC (AGAL), where the ex-owners and the management were alleged to have squandered billions of rupees on extravagant projects, duping employees, bankers and shareholders.

MAS to acquire US-based seamless apparel maker for US $ 20mn

Sri Lanka’s largest export firm, MAS Holdings, is set to acquire an apparel manufacturing factory in the United States for US $ 20 million, marking the homegrown apparel giant’s first foray into production in the western hemisphere. 

SriLankan to resume normal operations as BIA reopens fully for business

SriLankan Airlines yesterday said it would resume the normal operations throughout its global route network from tomorrow, following the resumption of the full services at Colombo’s Bandaranaike International Airport (BIA), which had been partially closed for three months while its runway underwent resurfacing.

Browns Beach to go for Rs.1.4bn rights issue

Browns Beach Hotels PLC (BBH) is expecting to raise Rs.1.4 billion through a rights issue on April 24, amid protest from the major shareholders due to the devalued market prices of the BBH shares.  Last August, BBH’s director board had approved a plan to issue five new ordinary shares for every 12 ordinary shares held by the shareholders for a total issue of 54 million shares for a consideration of Rs.25.85 per share. However, the mark

CMTA says vehicle assembly with used spare parts against Customs laws

The Ceylon Motor Traders’ Association (CMTA) yesterday said the decision by the government to allow the assembling of motor vehicles locally with used imported spare parts violates the Customs regulations and endangers the lives of the buyers of such vehicles.