WB unveils new procurement framework for Sri Lanka and South Asian partner countries

The World Bank (WB) recently unveiled a new procurement framework to help Sri Lanka and its other 

Urjit Patel named new Governor of Reserve Bank of India

AFP: The Indian government during the weekend named insider Urjit Patel as the new Governor of 

FinMin says tax income up 27% in first seven months

Sri Lanka has been able to increase tax income by 23 percent or Rs. 143.8 billion to Rs. 769.7 billion in the first seven months of the year 

Operating costs weigh down Nawaloka Hospitals June profit

Pioneers in private healthcare in Sri Lanka, Nawaloka Hospitals PLC saw its group net profits falling by 21 percent to Rs.45.3 million or 3 cents from a year ago amid rising operating and finance costs, 

Ceylon Chamber to discuss ways to improve business with China

The Ceylon Chamber of Commerce will hold a discussion session on August 26, to gain inputs from the Lankan businesses on how to enhance business activities with China.

DIMO wins big at ‘The Asia Best Employer Brand’ Awards

Diesel & Motor Engineering PLC (DIMO) has made its mark yet again at a higher level by bagging a 

“Asia Best Employer Brand 2016” conferred on Bank of Ceylon

Adding another jewel to its crown, the 7th annual awarding ceremony of “Asia’s Best Employer Brand” 

CA Sri Lanka kicks off registrations for 52nd Annual Report Competition

A competition of this nature would help the country to get more investors and issuers to the Colombo bourse, as it improves the governance and accounting standards, Colombo Stock Exchange (CSE) 

South Asia Maritime Forum opens 2nd Colombo Int’l Maritime Conference 2016

South Asia is interestingly getting international attention as a region that is poised to keep the global 

Union Assurance: Mid-Year Convention 2016

The Chief Executive Officer and Top Management along with its employees and sales force of Union 

Brandix pays tribute to people at ‘Rasadiya Mangalya’ 2016

The power of inspiration that animates the Brandix Group was in conspicuous evidence when Sri 

Six steps to think like a smart stock market investor

Number crunchers and quantitative analysts make a lot of money in the stock market. However, the most successful investors also use psychology as a tool to enhance returns. Thus, the article will 

Spectacular kite festival

Colourful kites dotted the Colombo skies yesterday at the kite festival organized by a leading privately owned television network in the country. The picture shows kites in the Galle Face sky, and in the 

Ignite your kid’s creativity this holiday season

Just like you, every mom is concerned about engaging her kids during the holidays. Watching your child in front of the TV for hours can be very disturbing. When they do take a break from the TV, it is 

Amana Bank’s June quarter profit hurt by higher expenses, narrowing margins

Sri Lanka’s Amana Bank PLC saw its net profit for the quarter ended June 30, 2016 (2Q16) falling by 62 percent to Rs.17.9 million from a year ago as the higher expenses weighed down Sri Lanka’s first 

China’s Sinochem Shipping selects Colombo Dockyard for repair requirements

Sinochem Shipping Co. Ltd (Hainan)-owned and Aoxing Ship Management (Shanghai) Ltd-managed tanker SC Hong Kong called Colombo Dockyard for drydocking and lay up repairs.

Regus Sri Lanka ties up with Mountain Hawk Express

Regus Sri Lanka has entered into a strategic tie up with Mountain Hawk Express (Pvt) Ltd (MHE), paving the way for the international courier giant to use two of Regus’ locations as FedEx Authorised Ship Centres. 

Millennium Housing Developers launches second high-rise project

Leading mega township developer, Millennium Housing Developers Plc (MHD) launched its second high-rise project - The Heights at Nawala Road, Colombo 05, which is to be completed by 2017. 

TAT Mumbai-MAC Holdings host networking event in Colombo

Creating a platform to provide the latest updates on Thailand’s tourism products and activities, Tourism Authority of Thailand (TAT) Mumbai Office together with its PR and Marketing office in Sri 

Prym Intimates becomes world’s first apparel accessory firm to adopt chemical leasing

Prym Intimates, a subsidiary of apparel giant MAS has just announced the successful launch of a chemical leasing model to treat its waste water. 

Transforming market research into customer satisfaction and retention

The number one objective of any business should be the creation of happy customers. Businesses that create happy customers grow and flourish, while the ones that don’t stagnate and perish.

Intex launches Aqua 4G+ smartphone

Intex Technologies announced the launch of its first 4G product - Aqua 4G+ - running on AndroidLollipop 5.0. The smartphone will be available at a price of Rs. 13,999.

Sanasa June quarter net falls amid shrinking margins

Sanasa Development Bank PLC saw its June quarter (2Q16) net profit falling by as much as 63 percent year-on-year (YoY) to Rs.77.8 million or Rs.1.85 a share due to narrowing margins, higher 

Damro in major expansion drive in Sri Lanka

Damro Group, South Asia’s leading furniture retailer which is on a major expansion drive by introducing 50,000 square feet   mega showrooms, inaugurated its latest showroom in the heart of the 

MBSL relocates Kilinochchi branch

Merchant Bank of Sri Lanka & Finance PLC (MBSL) has relocated its Kilinochchi branch to a more 

Colombo Dockyard gets top Lloyd certification

The Technical Review Committee of Lloyd’s Register Quality Assurance (LRQA), UK (LRQA) has 

Kedella opens

Large crowds flocked to witness the ‘Kedella’ art of living exhibition that opened for the 9th consecutive year at the BMICH yesterday. The 3-day exhibition ends tomorrow. Pic by Kithsiri de Mel 

Asia stocks cautious, oil price holds above $50

AFP - Asian stock markets were cautious yesterday even after gains on Wall Street and as oil entered a bull market. 

IASL Chief calls for urgent cooperation amongst industry players to boost life segment

Insurance Association of Sri Lanka (IASL) Chief yesterday called for urgent and increased cooperation amongst industry players to make certain the potential of life insurance, which has witnessed dampened growth rates, is fully untapped.

Abeysekera gets re-elected as SLBBC President

The 23rd Annual General Meeting of the Sri Lanka – Benelux Business Council was held on 11th August  at The Ceylon Chamber of Commerce. The Council, which focuses on the objectives of ‘promoting investment, trade and joint venture between Sri Lanka and Benelux’, is one of the twenty One bilateral business councils that functions under the aegis of the Ceylon Chamber  of Commerce.