Permoglaze ‘Scratch and Win’ first round winners rewarded

JAT Holdings, Sri Lanka’s undisputed leader in the furnishing and finishing industry, launched its Scratch and Win Permoglaze promotion on 13th December 2015 to herald the holiday season In continuing its own inimitable pioneering fashion,

FC app gives capital market information at your finger tips

First Capital Holdings PLC (FC), a full-service investment bank with 30 years of experience, recently launched ‘FC Capital Market App’

UB Finance reaches Eastern region with Kalmunai

UB Finance, a subsidiary of Union Bank of Colombo PLC, has successfully implemented its branch expansion initiative so as to cater to the needs of its customers islandwide.

HNB delivers big in 2015; profits cross Rs.10bn mark 

Hatton National Bank (HNB) group recorded net profit (equity holders of the bank) of Rs.10.5 billion for the year ended December 31, 2015 (FY15)

Sampath Bank introduces ‘Missed Call Banking’

In keeping with its longstanding recognition for coupling convenience with technological innovation, Sampath Bank is adding yet another service to its existing mobile banking facility.

Thumbs-up for PickMe’s women drivers

While women taxi drivers are a rare sight on our city roads, PickMe, Sri Lanka’s latest solution to hailing taxis through one’s mobile device...

Moota Telecom and hSenid Mobile transform future of telcos in digital services

At the Mobile World Congress (MWC) 2016 currently being held in Barcelona, Spain, Moota Telecom and hSenid Mobile in strategic partnership showcase how telcos can transform...

Measuring the intangible: A modern finance dilemma

Over the past decade, it has become clear that the way we measure the value of businesses has changed completely. 

January motor vehicle registrations slump

Sri Lanka’s motor car registrations crashed across the board in January amid the new LTV rules on vehicle financing and significantly higher increase in import tariffs.

Bourse bets big on IMF package for recovery

A standby facility with the International Monetary Fund (IMF) could boost the Colombo bourse as such an arrangement would likely to push the state towards divesting...

Lack of rules governing foreign ownership of property would lead to manipulation: expert

The non-publication of any regulations or guidelines allowing foreigners to own land on a freehold basis up to now could allow the system to be manipulated by officials, an expert said.

National consumer prices down 0.7% in January

Sri Lanka’s national inflation measured by National Consumer Price Index (NCPI) has slowed down to -0.7 percent on year-on-year basis mainly due to the higher base of the corresponding period in 2015. 

TAC partners with Earth Hour Sri Lanka as official social media agency

Team TAC partnered with the Sri Lankan operationsof WWF's global environmental movement EarthHour. Among the world’s first open-source climate change campaigns, EarthHourin forms, 

ADB chief pledges more funding; wants better fiscal management

Impressed with the changes witnessed in the economy that is in the hands of a unity government, visiting Asian Development Bank (ADB)

TMI Solutions moves IVD business to new location

TMI Solutions (Pvt) Ltd, the sole distributor for Nihon Kohden Corporation products in both Sri Lanka and Maldives moved its In Vitro Diagnosis (IVD) operations to a new premise in Rathmalana recently.  The occasion was graced by Yasuhiro Yoshitake, senior board member of the Nihon Kohden Corporation and Eiji Iwasaki, Managing Director for Nihon Kohden Corporation Singapore Regional Head quarters. 

Rodney Koelmeyer receives Special Recognition Award from Israel

Rodney Koelmeyer – Chairman / Managing Director of Superlink Travels received a Special Award in Recognition for his devotion to the State of Israel for over 30 years.   t was presented at a special ceremony held in Tel-Aviv on  February 09th.  

Mexico slaps US $ 8.9mn fine on VW over emissions

AFP: Mexican authorities imposed an US $ 8.9 million fine on German automaker Volkswagen on Monday for selling more than 45,000 cars without certificates for emissions and noise compliance. The cars were all 2016 models and included the brands VW, Audi, SEAT, Porsche and Bentley, according to the prosecutor’s office for environmental protection.

Love lingers on for ODEL’s Valentine’s Day promotion winners

Valentine’s Day may be over, but the romance it celebrates will be heightened for a lucky couple that will soon be holidaying in the idyllic Maldives courtesy of Sri Lanka’s favourite department store chain ODEL.

Asia and the next financial crisis

The Asian financial crisis of 1997–98 was a huge turning point in Asia. Asia’s confidence in the International Monetary Fund (IMF) and the US leadership to help through global institutions in a time of crisis was seriously shaken. The disillusionment was deepest in Tokyo, Seoul, Bangkok and Jakarta — Beijing was then an innocent defender of the status quo. 

DSL continues to conduct ‘Hankook Perfect Drive’ mobile advisory campaign

Douglas and Sons (Pvt.) Ltd (DSL) conducted the ‘Hankook Perfect Drive’ mobile advisory campaign for the third time to educate vehicle owners on regular tyre care and maintenance. 

Wasana Trading Lanka slashes vehicle prices

Wasana Trading Lanka (Pvt.) Ltd, which owns Sri Lanka’s largest vehicle yard, has decided to offer its customers another unique opportunity to purchase their dream vehicles for old prices that existed before the budget revisions.

Sri Lanka’s tea industry: Too long in adolescence, it’s time to grow up

Tea sector wage negotiations have been in deadlock now for 10 months. There are political reasons for this situation, but also an overarching economic one: global tea prices have declined – as it periodically happens – and the industry is not geared to compete. 

Wallspan to hold Biophilic Architecture and Façade Conference

Wallspan, which has proved to be a competitive force in shaping the building facade industry since its inception, by introducing a range of innovative, high quality, and sustainable cladding solutions to the Sri Lankan building facade market within the last few years, in association with VMZINC, will host the first ever Sri Lankan conference on Biophilic Architecture, its origin and its seamless integration into 21st century buildings and fa&cced

Bobcat partners with Walkers Equipment in Sri Lanka

Walkers Equipment Limited which commenced operation in early 2015 has been appointed as an Authorized Distributor for Bobcat in Sri Lanka. 

Benedictions to hold Maxxis dealer convention, awards night

Benedictions (Pvt.) Ltd, a subsidiary of Tyre House Group, which is the sole agent for Maxxis tyres, organises the eighth annual dealer convention ‘Maxxis T-3 Project 2015 Awards Night’ with 300 dealers on February 27, 2016 at 5:30 p.m. at The Kingsbury Hotel Colombo, under the patronage of Maxxis International President Dr. Wally Y.H. Chen as the chief guest of the ceremony.

Multilac takes top 55 performing dealers to China

Multilac gifted 55 of its top performing dealers with a VIP treatment on an all-expense paid trip to Shanghai, China. 

Iran-Sri Lanka 11th JCEC sessions begin today

The Iranian Energy Minister Hamid Chitchian leading an Iranian delegation arrived in Colombo this week for the 11th Joint Commission for Economic Co-operation (JCEC) sessions that begin today in Colombo.

OPPO Camera Phone introduces F1, “The Selfie Expert” to Sri Lanka

The 18th of February saw OPPO Camera Phone hosting a press conference at the Galadari Hotel, with the sole purpose of announcing the arrival of the brand new F1, the first of OPPO’s latest F Series. 

Google Street View Trusted enters Sri Lanka with AVPR

A premier marketing tool, Google Street View Trusted is now in Sri Lanka and has the budding ability to transform the way you look at a business like never before.

NDB places Seylan stake under AFS

Theagarajah said NDB’s investment in Seylan Bank PLC was under the bank’s trading portfolio categorized under