FACETS 2016 to debut Premier Jewellery Pavilion

The 26th edition of ‘FACETS’, Sri Lanka’s foremost annual International Gem and Jewellery Show- from 1 to 4 September, 2016 will unveil its Premier Jewellery Pavilion - the first of its kind- displaying 

Toyota appoints Sri Lankan Director for Toyota Lanka

Toyota-Tsusho Corporation, a member of Toyota Group Japan has recently appointed Manohara Atukorala as the Director of Toyota Lanka from July 2016. 

What a Way to Grow!

What if annual reports were more than just reams of paper ? What if they lasted longer and remained relevant long after the year under review has passed ?

Sally gives thumbs down for govt.’s economic management

Renowned economist and Institute of Policy Studies Chairman Professor Razeen Sally said that the government has so far failed to formulate a credible plan for economic reforms, just one day after 

Growth of informal tourism sector encouraging: THASL Chief

The blooming informal sector in tourism is positive, when taking into account the greater interests of 

Rupee ends steady on bank dollar sales; importer demand weighs

REUTERS: The Sri Lankan rupee closed steady yesterday as late importer demand for the 

EGM to appoint new NDB Bank Chairman shot down by shareholders

The NDB Bank board yesterday cancelled the Extraordinary General Meeting (EGM), which was to be 

Browns Hotels consolidates control on Eden Hotel Lanka

Browns Hotels and Resorts Limited (BHRL) increased its shareholding in Eden Hotel Lanka PLC (EDEN) significantly last week following the conclusion of a mandatory offer. BRHL purchased 13.11 

Thailand’s Siam City Cement bags Holcim Lanka for US $ 373mn

The Thai cement industry leader Siam City Cement Public Company Limited (SCCC) acquired Holcim 

Germany grants SL € 13mn for development projects

The German government has provided Sri Lanka with a grant of 13 million euros to implement five 

Maga Engineering to rehabilitate 634km rural roads at Rs.13.2bn cost

Sri Lanka’s leading construction firm Maga Engineering (Pvt.) Ltd was recently awarded the contract to rehabilitate and improve 634 kilometres of rural roads in four districts of Sri Lanka, including their performance-based maintenance for three years. 

Japan and Sri Lanka to further enhance economic cooperation

Japan and Sri Lanka will hold the Consultation on National Development Cooperation and the Economic Policy Dialogue today at Cinnamon Lakeside Hotel, Colombo. These two meetings will be held as a follow up to the visit to Japan by Prime Minister Ranil Wickremesinghe in October 2015, during which Prime Minister Abe and Wickremasinghe agreed upon a ‘Comprehensive Partnership’ to further deepen bilateral cooperation. 

MAS Holdings-Flex partner to drive innovation in wearable technology for clothing

MAS Holdings partners with Flextronics International Ltd, a leading Sketch-to-Scale solutions company that designs and builds intelligent products for a connected world.

CIM Sri Lanka partners with ‘The Residences at One Galle Face’

The Chartered Institute of Marketing Sri Lanka entered into a strategic partnership with ‘The Residences at One Galle Face’ renowned property developer and hotel group. 

Construction Expo to kick off on July 29

The Ceylon Institute of Builders (CIOB) together with presidential award winner Lanka Exhibitions & Conference Services will be organising the fifth Construction Expo Mega Mart from July 29 to 31, 2016 at the BMICH. 

HSBC Premier announces tie up with Cinnamon Life

Cinnamon Life, an iconic mixed development project by the John Keells Group, announced a tie-up with HSBC Premier, where Premier customers can obtain home loan facilities to own an apartment at ‘The Residence at Cinnamon Life’ and Suites at ‘Cinnamon Life’, the latest iconic mixed development to hit Colombo’s fast changing sky line. 

Top professionals receive CMA Professional Excellence Awards 2016

CMA Professional Excellence Awards were presented to several top accounting professionals who have contributed to the accounting profession and excelled in their professional and business career.  The awards were presented at the inauguration of CMA National Management Accounting Conference 2016 held recently.

BOC excels at Excellence in Integrated Reporting Awards 2016

Bank of Ceylon (BOC) won the Merit award for Annual Report 2015 under state-owned enterprises category at the Excellence in Integrated Reporting Awards – 2016 conducted recently by the Institute of Certified Management Accountants of Sri Lanka to coincide with the CMA National Management Accounting Conference. 

ILO on global employment trends

As per the International Labor Organization (ILO) study on employment trends of the globe, the world economy is estimated have grown by 3.1 percent in 2015 showing a weaker outlook than projectedyear before. The growth projections made for the next two years would be around 3 percentcausing challenges to the world of enterprises and workers. 

CIM Sri Lanka to hold Graduation Ceremony and Membership Investiture

The Graduation ceremony and the membership Investiture of the Chartered Institute of Marketing Sri Lanka is scheduled to be held tomorrow (27th July), at the BMICH. This year Ninety onestudents will graduate, whilst twelve Members (MCIM) will be invested at this year’s ceremony. 

Asian Alliance Insurance recognized by IATA-AASL for contribution to members

For its commitment and contribution to its members, Asian Alliance Insurance PLC has been recognized by the International Air Transportation Association (IATA) Agents’ Association of Sri Lanka (AASL) at the IATA-AASL Annual General Meeting (AGM) recently.

SLIM Brand Excellence holds series of workshops for campaign participants

Three 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.

Singapore to shame other errant banks after 1MDB saga

AFP - Singapore’s Central Bank chief vowed yesterday to name and shame other banks engaged in money-laundering after a scandal involving Malaysian state fund 1MDB hurt the city-state’s financial reputation.

Foreign Minister explains govt.’s 3-pillar strategy at COYLE meeting

In his opening statement at the General Meeting held at Hilton Colombo Residencies, Chamber of Young Lankan Entrepreneurs (COYLE) Chairman Kasun Rajapaksa applauded the Foreign Minister on his contribution in improving relationships with the West while inquiring about the impact of Brexit on the Sri Lankan economy and particularly the business sector.

Kelani Cables employees conferred with Annual CEO’s Award for Sales Excellence

Kelani Cables PLC, Sri Lanka’s number one brand in secure electrical and communication cables, honoured its outstanding sales persons with the CEO’s Award. 

Let’s make opening ceremonies more productive

Sri Lanka is well known for prolonged and unproductive opening ceremonies. We desperately need a new culture where opening ceremonies are short, precise, productive and focused to achieve the desired objective. Opening ceremonies are of varied types and are held for different purposes but there are some common aspects which we could quite easily improve.

Asian markets drift as dealers await bank meetings

AFP - Asian equity traders moved cautiously yesterday as another record close on Wall Street was offset by wariness ahead of Central Bank meetings in Japan and the United States this week. The bank policymakers’ gatherings are the first since last month’s shock vote in Britain to leave the European Union, which led to promises around the world to provide support to financial markets. The pledges have fanned a surge across global marke

Latest IPS study calls for new definition for urbanization in Sri Lanka

The existing urban population estimate in Sri Lanka fails to reflect the true level of urbanization due to the inappropriate definition that has been adopted. A new Working Paper launched by the Institute of Policy Studies of Sri Lanka (IPS) develops an alternative definition for urban areas in the country, to reconcile the mismatch between actual and existing estimates. To this end, the study reviews definitions adopted in other countries and an

KasiWasi coupons, discounts app launched for tech-savvy shoppers

KasiWasi, the country’s newest and most technologically innovative and efficient mobile app for shoppers, recently launched its services to offer consumers the convenience of obtaining coupons and discounts via their mobile phone, for a variety of categories including shopping, dining, entertainment and a countless number of other services. 

Gemfields announces next phase of development in Sri Lanka

Following an announcement in 2014 on the intention to progress opportunities in the Sri Lankan sapphire and gemstone sector, Gemfields PLC, the world’s leading supplier of responsibly sourced coloured gemstones, announced the next steps in this regard.