Capacity building at board level in the financial sector should be top priority

Given the governance issues in the NBFIs the regulator’s initiative to assist Commercial Banks and NBFIs to achieve the highest standards of personal and organizational performance by conducting regular Bank Directors symposiums to educate bank directors in the past was one of those “best practices” for corporate governance and is a great initiative to prepare Commercial Banks for the long term and also to build a pipeline of di

GiftSmart.lk transforms the way to gift

The tradition of gifting is one of the essential parts of wedding ceremonies intended to help newlyweds step into their new lives with ease. 

Tri-party collaboration for new concept at Orion City

A tri-party collaboration laid the foundation for a new concept at the Orion City IT Park to bring energy, ideas and people together. Orion Development, in partnership with the British Council and The Coffee Bean & Tea Leaf, launched an inspiring new space on 1st July for occupants of the park as well as visitors. 

Rayban promotion at Eric Rajapakse Opticians

A much-awaited promotion and launch of new Rayban products is on at the moment at Eric Rajapakse Opticians branches. Dilanka Herath, Rayban Product Manager of Global Vision is seen in the picture introducing some of the latest eyewear designs to Rajeev Rajapakse, Director and to staff of Eric Rajapakse  

Commercial Credit powers ‘Future Minds 2016’

Commercial Credit has extended its patronage to ‘Future Minds 2016’, a much sought after education exhibition, as the Official Financial Partner for the 6th successful consecutive year. 

LAYA Safari Yala offers 40% off for two-night stays

For a rich Sri Lankan safari experience that extends all the way from the Wilds to the Indian Ocean, come, stay at a unique getaway - the LAYA Safari Hotel in Yala. 

CIC partners with Ashland to host specialty additives seminar

CIC Holdings partnered with the principal supplier of the Industrial Solutions Division, Ashland Inc to host a seminar on ‘Specialty Additives’ at Taj Samudra hotel recently. 

Softlogic’s King Long launches medium-sized coach for tourism

Softlogic Automobiles (Pvt) Ltd, a subsidiary of Softlogic Holdings, has launched a medium-sized King Long coach, making it the latest addition to the King Long range of passenger transport vehicles in Sri Lanka. 

Growth imperative for aging Asia

Asia has aged dramatically over the last few decades, and the changes in the age structure of the population are already having a strong effect on government expenditure, revenues and fiscal balances. If not managed carefully, the fiscal impacts of aging populations could pose risks for many Asian economies.

Amaranthé Bay celebrates first birthday with TripAdvisor Certificate of Excellence

No one demands quality more than the customer, who is willing to pay the price for it.  The Italian luxury fashion brand, Gucci, has a slogan, “Quality is remembered long after the price is forgotten.” And when quality is the very essence of existence, like at Amaranthé Bay Resort & Spa, it follows that most customers are delighted. 

Policy interventions may be required to boost tradable sector investment

Latest Board of Investment (BOI) data confirm an emerging unhealthy trend in the Sri Lankan economy.  Although there is an increase in new project/venture activities as indicated by increase in BOI project agreement signings, majority of new projects are in industries in the non-tradable sector.  This is a continuation of a trend emerging for several years. This implies that Sri Lanka may not be able to achieve expected medium term GDP

Ravi meets Japanese FinMin

On the sidelines of the Committee Meeting for Economic Cooperation and Development held recently in Kyoto, Japan, Finance Minister Ravi Karunanayake met with his Japanese counterpart Taro Azo

CAA conducts more than 10,000 consumer protection raids

Sri Lanka’s Consumer Affairs Authority (CAA) hit more than 10,000 raids in the first half (1H) of 2016 – and increased its fine collections by a strong 55 percent, the latest data showed.

Travel7 lunches website and expands portfolio

Travel7 (Pvt) Ltd, which was re-branded after Go Holidays (Pvt) Ltd, launched its website recently while announcing future plans at an event held in Colombo.

Fonterra signs landmark MoU with Peradeniya University and Coconut Research Institute

Fonterra Brands Sri Lanka yesterday signed a tripartite Memorandum of Understanding (MoU) with the University of Peradeniya and the Coconut Research Institute (CRI) to help build a more productive and sustainable Sri Lankan dairy industry. 

ComBank adds crosscurrency transactions to Online Banking

The Commercial Bank of Ceylon has added a new dimension to its Online Banking platform by enabling foreign currency account holders to carry out fund transfers between accounts maintained in different  currencies other than Sri Lankan rupees.

Land Rover ‘Dynamic Drive’ Revs Up Swim Week Colombo

Land Rover celebrated a collaboration of design and creativity at the recently concluded OLU Swim Week Colombo. 

Nawaloka Hospitals opens ‘Nagai’ elderly care centre

As a joint venture between Nawaloka Hospitals and Social Welfare Corporation Koushikai General Welfare Facility Rengesou, Japan, ‘Nagai’, a luxury elderly care centre, was opened recently at the hospital’s seventh floor.

A&E Lanka wishes US for its 240th Independence Day, celebrates 125 years globally

A&E Lanka, part of one of the world’s leading thread solutions provider, conveys its heartiest and warmest 

Triumphant civil society vows to maintain pressure

Good governance activists and economists praised the government’s decision to allow democracy to prevail through the ordeal of appointing a governor to the country’s Central Bank and said that such levels of engagement should continue in the future.

Rimoe Saladin appointed to CIC board

Corporate personality Rimoe Saldin was appointed as a Director of agrochemical giant CIC Holdings PLC last week.

March exports down 11%; trade deficit shots up 20%

Sri Lanka’s trade balance in March worsened from a year ago as the deficit rose by as much as 20.2 percent to US $ 621 million due to a protracted slump in exports over imports, but an increase in tourism earnings and worker remittances buttressed the current account, the data released from the Central Bank showed.

Top blue chip appoints more women to its boards

A number of female directors were appointed to the company boards of the country’s largest conglomerate John Keells Holdings PLC last month, contributing to a diminishing of gender inequality at top managerial levels.

Ceylon Chamber hails Coomaraswamy’s appointment as new Central Bank Governor

The Ceylon Chamber of Commerce (CCC) yesterday welcomed the appointment of Dr. Indrajit Coomaraswamy as the Governor of the Central Bank of Sri Lanka and extended to him its best wishes as he commences a six-year term. “Dr. Coomaraswamy, a much-respected economist with a stellar track record both in Sri Lanka and overseas, is eminently qualified for this position. He brings to this position a unique mix of skills and perspectives given his

Emirates’ Milestone 80th A380 touches down in Vienna

Vienna Airport was a place of celebration recently when Emirates’ milestone 80th A380 aircraft made a star appearance, flying in direct from the Airbus production facility in Hamburg. Austrian dignitaries, officials, VIPs and media attending an invitation-only event at the airport were the first ever non-operational people to set foot inside this brand new, state-of-the-art aviation icon since it arrived in Vienna.

Qatar Airways and Qatar Duty Free offer global discounts

Qatar Airways and Qatar Duty Free are heralding the height of summer with a global discount for all travellers to enjoy on their next trip from Hamad International Airport, (HIA) Doha, simply by checking in online. 

Wickramasinghe elected IATA-AASL President

Tillak Wickramasinghe, the Proprietor of Skyways was elected as the President of the IATA Agents Association of Sri Lanka (IATA – AASL).

GSF says unjustified VGM charges are unacceptable

The new container weighing regulations which take effect globally from July1, were introduced to enhance maritime safety and reduce the dangers to containerships, their crews and all those involved throughout the maritime supply chain. 

Ceylon Cold Stores joins CSE to open trading for July

Ceylon Cold Stores (CCS) rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) for July. The market opening ceremony was organized to mark the first trading day for the month of July. 

Certis Lanka rewards employees across the group

Commercial and industry security specialists, Certis Lanka group which offers a myriad of different services and who are the market leader in manpower security services in the country, rewarded its