AMW Launches the all new “Yamaha Ray ZR” the Scooter with a performance of a bike

Associated Motorways (Private) Limited (AMW), sole agents in Sri Lanka for the Yamaha brand, launched the Yamaha Ray ZR “The Uncommon Ride”

People’s Bank Journal, ‘Economic Review’ Re-Launched

People’s Bank announces the re-launch of its erstwhile publication, ECONOMIC REVIEW, by its Research Department.

TFO BRINGS AFFORDABLE FASHION TO JA-ELA

TFO now opens its doors once again at its 4th store in Ja-Ela within the premises of K-ZONE which is also home

ATL secures two wins at the inaugural Sri Lanka insurance industry awards 2016

Endorsing their presence and commitment to quality in all areas of operations, Amãna Takaful (ATL) PLC won two highly acclaimed awards

SLIM Brand Excellence Holds a Series of Workshops for Campaign Participants

3 workshops under the topic of “How to craft and winning entry for Brand Excellence” were organized by SLIM as part of this years SLIM Brand Excellence campaign

Tiesh presents ‘For Him’, the daring men’s range

Tiesh, one of Sri Lanka’s leading contemporary jewellers has entered the men’s market to meet a new growing demand.   

ADB’s US $ 118mn lifeline to fix Lankan power sector

The Asian Development Bank (ADB) has approved US $ 118.8 million in funding to help improve Sri Lanka’s electricity grid, which is under the threat of running into power shortages in the coming years. The funding is broken down into a US $ 115 million loan and US $ 3.8 million grant, which is provided by the Japan Fund for Poverty Reduction and the Clean Energy Fund.

China to manage 15,000-acre land in Hambantota

The Sri Lankan government is currently looking at providing 50 square kilometres of land to China to develop as an exports-oriented industrial zone in Hambantota, the Development Strategies and International Trade Minister Malik Samarawickrama said recently.

June tea production plunges; brings 1H output to lowest levels in years

Sri Lanka’s tea industry continues to move along a negative growth trajectory with dampened production in June dragging the 1H16 output to the lowest levels witnessed in years.

John Keells Hotels 1Q net down 36%

The John Keells group leisure arm, John Keells Hotels PLC (KHL) saw its net profits for the quarter ended June 30, 2016 (1Q17) declining by as much as 36 percent year-on-year (YoY) to Rs.83.9 million over poor growth in tourist arrivals to the region, the interim results released to the Colombo Stock Exchange showed.  The earnings per share dropped to just 6 cents from 9 cents a year ago. The group profit was hurt the most by the steeper fal

Sri Lanka’s Chevron Lubricants’ June quarter flat over stagnant top line

Chevron Lubricants Lanka PLC (Chevron), the local unit of the American multinational, posted a June quarter (2Q16) net profit of Rs.802.0 million, almost flat from the same period last year, the interim results showed.  The earnings per share edged up to Rs.3.34 from Rs.3.32. 

Plugging to India will bring shared benefits to South Asia: Prof. Sally

Politicians in South Asian countries must break regional barriers, especially with India, in order to create opportunities for regional trade, renowned economist and Institute of Policy Studies Chairman Professor Razeen Sally said recently.  Prof. Sally pointed out that “huge opportunities” would arise within the region and mostly with India if the existing and emerging barriers are actively addressed and brought down.

Damage control

Excavators trying to control sand from washing away around some of the reclaimed parts of the now halted US $ 1.4 billion China-funded Colombo Port City. Despite the project receiving a Cabinet nod, Development Strategies and International Trade Minister Malik Samarawickrama this week refused to comment on the state of the project Pic by Pradeep Pathirana

Double A Sri Lanka rewards winners of ‘Friends of the Planet’ campaign

Vincent Girls’ High School, Batticaloa emerged overall winner in the final round of the ‘Friends of the Planet’ project conducted by Double A in collaboration with the Ministry of Education and the Central Environmental Authority. 

SriLankan Cares and German school help fight CKD

SriLankan Cares, the community welfare arm of SriLankan Airlines, joined hands with Gymnasium Isernhagen, a school in Hannover, Germany, to donate a Drinking Water Filtration System to the Base Hospital in Kebithigollewa, an area which has a high rate of Chronic Kidney Disease (CKD).  The newly installed filtration plant was officially handed over to the hospital authorities recently at a simple ceremony attended by the officials from Gymnas

Credence and YouGene partner to deliver NIPT for high-risk mothers

In another landmark move by Credence Genomics, the pioneering team has partnered with YourGene from Taiwan to deploy non-invasive paternity testing (NIPT) in Sri Lanka. Globally, NIPT has been 

Würth Lanka to continue growth momentum with SAP

Würth Lanka (Pvt) Ltd, the local subsidiary of German after-market giant Würth AG, announced that they have successfully implemented SAP and cutover to the worldwide SAP Würth System 1 (SAP-

Hayleys Consumer appointed as exclusive distributor for five new brands in SL, Maldives

Hayleys Consumer, the distribution arm of the blue-chip conglomerate Hayleys group, was appointed as the exclusive distributor for well-known household brands – Teepol, Bubble, Fenol, Sunny Soap, PineX 

European banks prepare for possible shockwaves from stress test results

Europe’s biggest banks are braced for the outcome of financial health checks that could expose the extent of the weaknesses of the world’s oldest bank, Monte dei Paschi di Siena (MPS), and send 

Mayura Fernando joins Orient Finance as Chief Executive

Orient Finance PLC announced the appointment of Mayura Fernando as the Company’s new Chief Executive Officer with effect from June 2016. 

Seylan Bank launches Money Market savings account

Seylan Bank unveils its newest product, ‘Seylan Money Market’ savings account, aimed at corporate 

COYLE continues partnership with Dialog as exclusive telecommunication partner

The Chamber of Young Lankan Entrepreneurs (COYLE) expressed its appreciation to Dialog Axiata 

CMA to sign MoU with CII Total Cost Management Division

The Institute of Certified Management Accountants of Sri Lanka (CMA Sri Lanka), the national professional

Inward mission to give Lankan tech companies platform for business in Australia

Twenty-five Sri Lankan technology companies are being given opportunities to pitch for business and for potential investment from a high-level Australian business delegation set to visit Sri Lanka from 10-

DFCC opens new premier centre in Negombo

DFCC Bank PLC, in keeping with its commitment to deliver enhanced service offerings enabling 

Golden Key Hospital acquires next generation equipment for cataract surgery

The Golden Key Eye & ENT Hospital has significantly enhanced its cataract surgery capabilities with the acquisition of Alcon’s CENTURION Vision System, the industry’s most advanced 

Why economic corridor development is the way forward for South Asia

South Asian countries face a quandary: robust regional growth that clocked in at 6 percent a year over 20 years still sits side-by-side with a number of intractable development challenges.

Australia’s big banks team up to challenge Apple on mobile payment apps

REUTERS: Australia’s three biggest banks, including no. 1 lender National Australia Bank (NAB) yesterday said they had lodged a joint application with anti-trust regulators seeking approval to 

Huawei outperforms industry with strong overseas growth

Huawei Consumer Business Group announced its 2016 H1 financial results recently. Sales revenue in the first half year of 2016 has increased by 41 percent year-on-year to CNY¥ 77.4 billion. 

ACCA holds panel discussion on current state of cyber security

Cyberspace, whilst providing tremendous benefits, also present new risks, with no business being ‘too small’ to becoming vulnerable from hackers, leading to crime, terrorism, industrialespionage and