State-owned buildings to go green

The inaugural ceremony of the national programme to transform all state sector buildings into renewable energy centres will be officially held under the patronage of Finance Minister Ravi Karunanayake at the Finance Ministry next Monday (January 9).

Rupee flat; CB Governor’s comments weigh

REUTERS: The Sri Lankan rupee ended steady in thin trade yesterday amid worries over slowing foreign fund inflows and after the Central Bank chief signalled a change in the monetary authority’s intervention policy to defend the currency.

Sampath Bank makes commercial property renting unit fully-owned subsidiary

Sampath Bank PLC yesterday said it purchased 2.88 percent shares of Sampath Centre Ltd, a company in the business of renting commercial property, making it a fully-owned subsidiary of the bank.

Bloomberg lists Sri Lanka among 20 hottest luxury travel destinations

Sri Lanka has been listed as one of the 20 hottest luxury tourism destinations in 2017 by business media conglomerate, Bloomberg.

Oceanfront Condos Nilaveli completes major milestone

ICC Developers (Pvt) Ltd announced the completion of the main structures of its newest venture, ‘Oceanfront Condos-Nilaveli’. 

Where to invest in real estate in 2017?

Year 2017 promises to be an exciting year for real estate investment.  With more and more developments popping up in the world’s key emerging markets, the eyes are away from Europe and the US, and onto countries such as Mexico, Philippines, Sri Lanka and Pakistan. 

EDB promotes SME jewellery manufacturers under 2000 Exporter Development Programme

The Export Development Board (EDB) has initiated a number of programmes focusing the small and medium enterprises (SMEs) especially in the provinces to develop identified entrepreneurs to become exporters ready under the 2000 Exporters  Development Programme.

CAMMS enters Sri Lankan market

Global business management software company CAMMS has launched in the Sri Lankan market. A leading provider of enterprise performance management (EPM) and business intelligence (BI) software, CAMMS has teamed up with Sri Lanka’s number one life insurance company, Ceylinco Life.

Asanga Ranasinghe appointed to Laugfs boards

Laugfs Holdings, one of the largest diversified business conglomerates, announced the appointment of Asanga Ranasinghe to the boards of Laugfs Holdings and Laugfs Gas PLC as Executive Director.  He is also appointed as Sector Managing Director of the Consumer and Retail cluster of Laugfs Holdings and further holds the position of Group Marketing Director.

Dr Neville Fernando Teaching Hospital offers complete treatment for spinal cord injury

Dr Neville Fernando Teaching Hospital Malabe (NFTH) has opened a new unit which offers comprehensive treatment to patients suffering from spinal cord injury. 

SLASSCOM takes part in Europe’s largest innovation convention in Oslo

Oslo Innovation Week, Europe’s largest innovation convention that included a five-day series of events, was held recently at the Forskningsparken science park in Oslo, Norway. The organisation Oslo Innovation Week is owned by the City of Oslo and Innovation Norway and Oslo Business Region. 

Golden Key Hospital’s revamped website facilitates doctor appointments

The website of the Golden Key Hospital has been revamped with improved functionality and a new look and feel, enabling visitors to make appointments with consultants online as well as to access more information on the hospital’s facilities and services. 

Teejay first in industry to develop green fabric

Teejay, South Asia’s leading fabric manufacturer, has taken the lead in producing green fabric for some of its key customers. The company, which was named amongst the 2016 Forbes list of Asia’s Top 200 Companies under a Billion US dollars, announced its new identity last month and the sustainability initiative is one of the long-term goals under Teejay’s new direction.

Asiri Hospitals signs MoU with NITF to provide customised healthcare packages to state sector employ

Beneficiaries of the National Insurance Trust Fund (NITF)’s healthcare services will now be eligible to seek treatment at any hospital under the Asiri Group of Hospitals following the recent signing of a memorandum of understanding (MoU) between the two organisations. 

Central Bank unveils monetary and financial sector policy road map for 2017 and beyond

Following is the part covering the monetary policy, financial sector and economic strategies of Central Bank Governor Dr. Indrajit Coomaraswamy’s speech at the launch of ‘Central Bank Road Map for 2017 and Beyond’ on Tuesday.

Softlogic group ventures into real estate

The Softlogic group has ventured into real estate with Softlogic Properties (Private) Limited acquiring a land off De Fonseka Road, Colombo 04 for the construction of an apartment complex.

Cisco holds Partner Summit

Cisco Partner Summit was held at Jetwing Blue Hotel in Negombo recently with almost 120 Cisco partners from all around the country attending. 

Pasyale Ayurveda Osu excels at Entrepreneur Awards

Pasyale Ayurveda Osu (Pvt) Ltd has won National Silver Awards in the categories Sri Lankan Entrepreneur (Large Category) 2016 and the Provincial Silver Award (Large Category) 2016 at the Sri Lanka Entrepreneur Awards 2016 held recently in Colombo.

Lanka Hospitals launches Health Link gift vouchers

Lanka Hospitals’ “Health Link” announced the launch of gift vouchers in three denominations; as a meaningful and a valuable gift idea for everyone who keeps health at the top of their minds.

People’s Hospital enters into JV with Digital Health

 Patrons of People’s Hospital at Mahabage can now make medical appointments from the comfort of their home or on the go with Doc990. 

S-lon partners JITF 2017 for second consecutive year

S-lon Lanka, the premier water management solutions provider and market leader of PVC pipes in Sri Lanka, has partnered the Chamber of Commerce and Industries of Yarlpanam (CCIY) to co-sponsor the 2017 edition of the Jaffna International Trade Fair (JITF) to be held in January 2017.  This was announced at a press briefing held at Hotel Ramada recently.

VirtusaPolaris supports inaugural Jaffna Big Data Workshop

VirtusaPolaris supported the inaugural Jaffna Big Data Workshop organised by Colombo Big Data Meetup Group. It concluded recently at the Faculty of Engineering, University of Jaffna, Kilinochchi. 

Six things exporters should know about EU’s new ‘REX’ system

This week sees the introduction of a new scheme by the European Union to streamline exports from developing countries’ to the region. 

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DFCC’s New Year Family Saving Offer Receives Overwhelming Response

DFCC’s New Year Family Saving Offer received an overwhelming response as many customers walked into DFCC branches across its network on the 1st of January 2017

Oman Air introduces the new Baggage Concept

Oman Air is delighted to announce the introduction of a new baggage piece concept for launch in January 2017. This change will help Oman Air to standardiz

8th edition of Leo Art to take place at the Galle Literary Fest

Leo Burnett Sri Lanka, the local office of the global advertising network Leo Burnett Worldwide, is gearing up to host the eighth edition of Leo Art at the Galle Literary Festival

Resolute Coomaraswamy seeks greater powers for Central Bank

Sri Lanka’s Central Bank yesterday called for greater powers from the announced restructuring of the institution by the government to better regulate the country’s financial system.

Sri Lanka welcomes 2.05mn tourists in 2016

Tourist arrivals to Sri Lanka in 2016 crossed little over 2.05 million, growing at a rate of 14 year-on-year (YoY), yet below the revised government target of 2.2 million tourists, the data released by the country’s tourism office showed. 

MAS Holdings announces US $ 28mn fabric park in Giriulla

Sri Lanka’s leading export entity, MAS Holdings (MAS), yesterday unveiled the plaque for its US$ 28 million MAS Fabric Park in Giriulla which will be manufacturing products for one of its key customers, the sports and lifestyle brand Nike.