Mastercard presented with WFP Hunger Hero Award 2017

The United Nations World Food Programme (WFP) honoured Mastercard with the prestigious Hunger Hero Award at its annual dinner at the World Economic Forum in Davos. 

Lucia Perotti children’s home receives Christmas wish from JIT

The Christmas season is always a good time to extend our good fortune to help others andsharing our blessings with people truly in need and want. 

CIC Manussakama hosts two-day workshop for CIC ‘Shoora Govi Peramuna’

A training workshop was recently held at the Gannoruwa Training Institute organized by CIC under the Manussakama programme, aiming to disseminate knowledge on new agricultural technology for the ‘CIC ShooraGoviPeramuna’.

Crysbro Group provides pure drinking water to war heroes

Crysbro Group, the only poultry producer in Sri Lanka to receive ISO 14001 with environment safety certification and the British Consortium Certification with ISO 9001, ISO 22000, HACCP, BRC and Halal certifications has intervened in an unprecedented project to provide pure drinking water to Sri Lanka war heroes at the Army Rifle Corps Camp, Atabage Kothmale.

Other than being fashionable, what real purpose did marching achieve for sisterhood?

And so women – according to feminists – everywhere, marched in defiance of whatever the politically correct agenda said was not fashionable. There was a lot of rage too there;

NDB Microfinance empowers small-scale women entrepreneurs

The old-time saying “The hand that rocks the cradle, rules the world” is becoming more relevant to today’s society as the role of women become ever more essential in the economic growth. As a result of the growing role of women in decision-making and equal participation, the world has seen many women making great strides in the entrepreneur industry.

Rupee steady in dull trade; stocks rise

REUTERS: The Sri Lankan rupee was steady in thin trade yesterday as dollar demand from importers was offset by selling of the US currency by exporters, dealers said, a day after the Central Bank revised the spot reference rate by 10 cents to a record low.

NTB Amex to offer free motor insurance when fuel up with card

The Nations Trust Bank (NTB) American Express (Amex) cardmembers now stand a chance to win a free vehicle insurance cover until 2027 every time they use their credit card to pump fuel for Rs.2,500 or more at any fuel station, islandwide.

CCC to conduct ‘Capital Structure Management for Better Financing’ seminar

The Ceylon Chamber of Commerce (CCC) will hold a seminar under the title of ‘Capital Structure Management for Better Financing’ in  a bid to help the finance sector professionals maintain a healthy capital structure in their firms.

CA Sri Lanka joins Chartered Accountants Worldwide

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has become the 11th member of international body Chartered Accountants Worldwide. CA Sri Lanka is the sixth Chartered Accountancy body to be awarded Associate membership to the organisation since it was launched in February 2013.

Harris Premaratne appointed as PABC Deputy Chairman

Veteran banker Harris Premaratne, who recently joined Pan Asia Bank Corporation PLC’s (PABC) board as a Non-Executive Independent Director, has been appointed as the bank’s Deputy Chairman with effect from January 25, 2017.

Leasing of Hambantota port: Rationale, economic benefits and way forward

The Hambantota port has become a widely discussed topic in Sri Lanka today due to a number of reasons.

Sail Lanka Charter hosts PM on board latest luxury catamaran

Sail Lanka Charter hosted Prime Minister Ranil Wickremasinghe and his wife on-board their 53ft sailing catamaran, Sapphire, during the Fairway Galle Literary Festival.  The impressive vessel reflects local indigenous talent, as it was built in Sri Lanka using local materials. 

Gulf Air touches down in Colombo

The Kingdom of Bahrain’s national carrier, Gulf Air, yesterday celebrated the launch of its highly anticipated inaugural five weekly direct service between Colombo and Bahrain with the arrival of the airline’s first flight into Bandaranaike International Airport.

Sanjeev Gardiner invests in Quintessentially Sri Lanka and Maldives

Hotelier Sanjeev Gardiner has just confirmed his investment into Quintessentially Sri Lanka and the Maldives, the world’s leading source of intelligence access to and curated lifestyle services for the global premium audience.

Emirates to launch daily service to Newark via Athens

Emirates has announced it will launch a new daily service from Dubai to Newark Liberty International Airport, via the Greek capital city of Athens, starting 12th March.

Sri Lanka Tourism creates hallmark at Vakantiebeurs 2017

Sri Lanka tourism yet showed another aspect of its concern to boost the tourism sector, by participating in the Vakantiebeurs 2017 fair, held in Netherlands recently. 

Opposition group sabotaging govt.’s development efforts: FinMin

In an attempt to garner support for the coalition government’s plan to monetize some of the mega infrastructure projects built by the previous regime, Finance Minister Ravi Karunanayake yesterday urged the public to think rationally and not get swayed by the misleading remarks of Opposition politicians. 

Key segments boost John Keells December profits to Rs.5.1bn

Premier blue chip John Keells Holdings PLC saw its December quarter (3Q17) performance bolstered by its key business segments transport; leisure, retail and financial services, but the property segment saw a dent until the new projects under construction start contributing to the finances. 

TeeJay Lanka 3Q profits hurt by higher costs, income tax payments

Teejay Lanka PLC, a unit of leading apparel exporter, Brandix Lanka Limited saw its December quarter (3Q17) profits declining a sharp 30 percent to Rs.473. 4 million or 68 cents per share from a year ago due to steeper rise in costs, finance expenses and higher income tax payments, the interim results showed. 

Sri Lanka 2016 tea output falls to 7-year low

REUTERS: Sri Lanka’s tea output hit a seven-year low in 2016, falling 11.1 percent in its third straight year of declining production, the state-run Tea Board said yesterday. 

Lanka Tiles expands operations to India

To meet the rapidly growing demand for wall and floor tiles in the local market, Lanka Tiles recently entered into a strategic partnership with an Indian tile manufacturer Ambani Vitrified (Pvt.) Ltd.  The successful venture has seen Lanka Tiles placing a large order with the expectation of releasing more quantities of 24” x 24” tiles to the market in order to meet the escalating market demand. These tiles will also comply with t

Fitch re-affirms BOC AA+ (lka); outlook Stable

Fitch’s periodic review re-affirmed the Bank of Ceylon’s (BOC) National long-Term Rating at AA+ (lka) with a Stable outlook this January and the International Long-Term Issuer Default Rating (IDR) as B+ outlook Negative. 

Ease of Doing Business Forum today

The Finance Ministry will be holding the eleventh Ease of Doing Business Forum today 2017 at 2.00 p.m. at the fourth floor auditorium of MILODA Academy of Financial Studies, (Old Times Building) located at Sir Razik Fareed Mawatha, Colombo 01. 

Metropolitan Communications wins international award for innovation

Metropolitan Communications was recognized as the winner under the Government and Public Services category at the Asia Enterprise Innovations awards held in Singapore recently. 

Unilever-Cargills reward Shopping Star – Season Four winners

Unilever Sri Lanka together with Cargills Food City drew the curtain on 2016 with the action-packed grand finale of the Shopping Star – Season Four promotion, held at the Thalawathugoda Cargills Food City outlet, recently. 

Dole Lanka terminates services of labour outsourcing firm

Dole Lanka (Pvt.) Ltd – a subsidiary of Dole Asia Holdings Pte., the world’s largest producer and marketer of high-quality fresh fruits and fresh vegetables, recently terminated the contract with one of its labour outsourcing companies, Southern Force Ltd.

Economists say govt. policy reforms ad-hoc, unsystematic

The government’s current reform agenda is both ad-hoc and unlikely to be completed, according to a panel of economists who said this could exacerbate the current low growth climate, adding to the woes of a volatile coalition administration.  

3W Consulting to Launch the First International Black Belt in Retail Program in Sri Lanka

3WConsulting (3WC), Sri Lanka’s Leading Enterprise Renewal and Management Consultants, together with the Global Retail Association (GRA) 

Sail Lanka Charter hosts the Prime Minister of Sri Lanka on board their latest luxury catamaran

Sail Lanka Charter hosted Prime Minister Ranil Wickremasinghe and his wife on-board their 53ft sailing catamaran, Sapphire, during the Fairway Galle Literary Festival