‘People’s Bank Foreign Remittance Gold Fortune 2016’ sees completion of 4th draw

People’s Bank Foreign RemittanceGold Fortune 2016recently saw the completion of its 4th draw, announcing  M. G. D. Ranil Kumara

Stellar results wins Renuka City Hotel Booking.com Best Performance Award for 2015

Exceptional occupancy rates and top-notch revenue generation by Renuka City Hotel resulted inthe hotelwinningBooking.com’s Award

Ceylon Cold Stores 1Q net up 56% amid higher consumer demand

The John Keells Holdings subsidiary, Ceylon Cold Stores PLC group, Sri Lanka’s oldest manufacturer of carbonated soft drinks, increased its net profits by 56 percent to Rs.855.3 million for the quarter ended June 30, 2016 (1Q17), the interim financial accounts showed. This translates into earnings per share of Rs.9.00, up from Rs.5.79 a year ago.  

Bairaha Farms June quarter net down 18%

Sri Lanka’s poultry sector player and meat producer, Bairaha Farms PLC group saw its net profits for the quarter ended June 30, 2016 (1Q17) declining by 18 percent to Rs.118.9 million from a year, amid revenue remaining almost flat. 

Exporters say too many cooks spoiling the soup!

The duplication of ministry and government agency functions related to trade has created confusion and complacency in the country’s exports, Sri Lanka’s exporters said during their industry body’s annual general meeting last week. 

Chris Nonis tells SEC not to interfere with Mackwoods internal matters

In a rather brazen move, Mackwoods Plantations Chairman Dr. Chris Nonis has written to the country’s capital market regulator, Securities and Exchange Commission (SEC), urging them not to interfere with the internal matters of Mackwoods Plantations Pvt Ltd.

Top professional calls for strong PPP unit to lure in investments

Chartered Engineer Malith Mendis has called for the establishment of a strong public private partnership (PPP) unit to encourage investment into Sri Lanka.  He said the country requires to change its mind-set to look at investment driven development, as 2016 looks to have a historically low foreign direct investment into Sri Lanka. 

Economist bets on another round of policy rate hike

Still higher private sector credit growth and the rising inflation will put pressure on the Monetary Board to increase the policy rates and it is only a matter of time the new Central Bank Governor settles in before the next policy tightening takes place, an economist said. 

Bates announces agency transformation to embrace future of communications

Bates Strategic Alliance, the pioneering leader in integrated marketing communications, who in 1993 pioneered the introduction of public relations into the services offered and backed it up with strong foray into BTL with its affiliation to 141 Worldwide and then started working in online and digital in the early 2000s, announced that it was fully committing to transforming the agency offering in anticipation of the future of marketing communicat

CIMA Executive Director to speak at Business Leaders Summit this August

Organisations operate in a world of increasing complexity, with multiple internal and external factors, interdependencies and trade-offs to consider when making decisions. A system is required to empower the board/management make informed decisions within this reality to build wider stakeholder confidence. 

Mediagallery – Design Partner at IFFSA 2016

Mediagallery, a promising new entrant to Sri Lanka’s graphic design industry, will be featured at the Islamic Finance Forum South Asia – IFFSA, a landmark two-day conference scheduled to open in Colombo on July 26, 2016 as the event’s official design partner. 

How secure is your company’s financial data?

Businesses today face an ever-evolving threatscape with growing pressure to rethink security strategies for long-term sustainability. 

Experience Acer Predator: Master of PC gaming available at Abans

The top-of-the-pile Predator Gaming Machines provide an epic gaming action for a bolder, brighter 

Intel and Airbus demo drone inspection of passenger airliners

A team from Intel and Airbus demonstrated an aircraft visual inspection with a modified AscTec Falcon 8 with Intel RealSense cameras. 

Union Assurance shines at Insurance Industry Awards

The first edition of the Insurance Industry Awards of Sri Lanka was organised by Fintelekt in 

Union Bank opens 65th branch in Borella

Union Bank continuing on its rapid network expansion initiatives opened its 65th branch at No: 40, 

MSLGROUP defines six communication drivers of F&B industry

Based on the need for a transformative communications model in the modern food and beverageindustry, MSLGROUP has unveiled Six Communication Drivers for Winning Share of Mouth 

Sustainable consumption and production key to existence: Double A

Double A, a Thai paper brand, believes that utilising the unused resources is the way forward. As a part of their CSR drive around the world, the company launched ‘Friends of the Planet’ in Sri 

OPPO F1s, next-level successor to F1 “Selfie Expert”

Building on the strengths of its Selfie Expert F1, OPPO is announcing a new successor to the F1: the F1s. 

Janashakthi Insurance empowers children to excel at scholarship exam

Janashakthi Insurance PLC, in a continued commitment to light the lamp of knowledge across the nation, announced the second phase of its annual Grade 5 Scholarship programme, 

Swedish trade delegation adds to growing momentum ahead WEDF 2016

Strengthening the gathering momentum ahead of the World Export Development Forum (WEDF) 2016, to be held in Colombo on October 12 and 13, a trade delegation representing Sweden has 

What to expect from India’s new RBI governor

June suffered from an excess of exits. But none of them lived up to forecasts of dire consequences, 

World’s top door manufacturer appoints Alpha Industries as agent

Alpha Industries, one of the leading furniture manufacturers in Sri Lanka, has been appointed as the authorized agent in Sri Lanka for global door manufacturer KENT International China.   

John Keells educates over 100,000 persons via HIV & AIDS awareness campaign

The John Keells HIV & AIDS Awareness Campaign, a long-term CSR initiative of the John Keells Group recently passed the milestone of sensitizing 100,000 persons on HIV & AIDS since project 

People’s Bank opens 500th ATM at Narahenpita Military Hospital

People’s Bank CEO/General Manager N. Vasantha Kumar and Army Health Services Director 

Access Engineering begins Southern Expressway pilling work from Wetiya to Andarawewa

The construction of the Southern Expressway Extension Project was inaugurated recently under 

SLT Mobitel’s mobile money arm partners with EV Point

The National Mobile Service Provider, SLT Mobitel’s mobile money arm mCash, has entered into a 

AIPL takes new strides with ISO accreditation, new website

Analytical Instruments (Pvt) Ltd, a pioneering in-vitro diagnostic, Medical, Scientific and Agriculture equipment supplier in the country recently updated its ISO Quality Management System and has 

Panadol provides relief to devotees during Poson

Panadol reiterated its commitment to devotees on pilgrimage with yet another successful completion of a free medical first aid camp in Thanthirimale on the 18th and 19th of June. As a part of their CSR 

UB Finance performs strongly in a challenging operating environment

UB Finance’s 2015/16 results have highlighted an impressive growth reflecting the development initiatives undertaken by the company to significantly strengthen their rapidly progressive position.