Shares end 9-day fall; turnover surges

REUTERS: Sri Lankan shares closed higher yesterday, ending a nine-session losing streak, with turnover rising to an over-three-week high on block deals in Textured Jersey Lanka. However,

Facebook, Twitter support Apple on encryption dispute with FBI

REUTERS: Facebook Inc and Twitter Inc, two of Silicon Valley’s most powerful companies, on Thursday backed Apple Inc’s refusal to help the FBI break into an iPhone used by a shooter in the San Bernardino attack,

Land Rover involves in wildlife conservation through ‘We Care’ programme

Land Rover is proud to announce its involvement in wildlife conservation through the ‘We Care’ programme, which aims to partner with ongoing projects that help to reduce human-animal conflict in Sri Lanka.

Siddhalepa awards Kekulu Preschool Art Competition 2015 winners

With the objective of encouraging children to display their inborn talents and develop their creative capacities, Siddhalepa has been successfully conducting the Kekulu Preschool Art Competition since 2012 islandwide.

Colombo Tea Auction quantities remain steady this week

Quantities at the Colombo Tea Auction remained steady this week with a total of 6.6 M/Kgs coming under the hammer.

EU chief warns ‘lot to do’ to avoid British exit

European leaders have a lot of work to do at a summit in Brussels to reach a deal to prevent Britain becoming the first country to crash out of the bloc, EU president Donald Tusk warned yesterday. British Prime Minister 

Rupee forwards edge up on selling by exporters, banks

REUTERS - Sri Lankan rupee forwards edged up yesterday as dollar selling by exporters and banks surpassed demand from importers for the greenback, currency dealers said. The rupee is, however, 

China to ban foreign firms from “online publishing”

AFP - China is to ban foreign firms from “online publishing” under new rules issued this week, as the country increasingly seeks to minimise Western influence.

Thousands of cabbies march in Madrid against Uber-type services

AFP: Thousands of taxi drivers protested Thursday in Madrid against competitors such as Uber, echoing similar recent demonstrations in neighbouring France.

Panama taken off money-laundering ‘gray list’: president

AFP - Panama has been taken off an international “gray list” of countries whose lax financial laws are seen as making money-laundering

Tremendous success for Seylan Bank at Edex Expo 2016

Seylan Bank partnered Edex Expo 2016 as the official banker.  Sri Lanka’s largest education exhibition and job fair successfully concluded with a remarkable turnout of more than 46,000 visitors at both BMICH,

Singapore Air Show

Visitors look at a US Air Force Boeing C-17 Globemaster III military transport aircraft on display at the Singapore Airshow in Singapore yesterday. Asia’s largest aerospace and defence event is taking place from February 16 to 21. AFP

AIA social experiment goes viral

In an eye opening social experiment, AIA Insurance made people come face-to-face with their future retirement life. A group of Sri Lankans from varied demographics came together in one interesting exercise to discuss what their realistic retirement would look like. 

Rocket Internet firm everjobs to expand in Sri Lanka

everjobs, a career listings platform, celebrated its first year of operation in Sri Lanka recently. It also announced 

Paramount Packing awarded ISO Certification

Paramount Packing, the pioneer sachet producer in Sri Lanka since 1992,  was awarded the ISO 22000:2005 Certification recently.

wOw.lk partners with EPSI Technology to resell an array of IT products online

wOw.lk, Sri Lanka’slargest online shopping mall, recentlypartneredwith EPSI Technology (Pvt) Ltd.to resell an array of IT products online. Throughthispartnership, wOw.lk willbeofferingitscustomers a range of tablets, notebooks, desktops, projectors, monitors, motherboards, graphiccards& networking productsfrom world renowned brands such as ASUS and ViewSonic.

Fashion Bug clinches Gold for 3rd consecutive year

Fashion Bug, one of Sri Lanka’s leading retail clothing chain with over 16 outlets island-wide, was awarded Gold for being the ‘Best Key Account Partner’ at the recent Annual Sales Conference of Triumph International, the iconic global leader in manufacture and marketing of lingerie and shape-wear.

PIM Alumni engages in developing young managers

The PIM Alumni, the alumni of the Postgraduate Institute of Management, affiliated to the University of Sri Jayewardenepura, has been conducting a pioneering management development programme for over a decade on a continuous basis.

IPM Sri Lanka inducts new members

IPM Sri Lanka – the nation’s leader in human resources management – inducted 37 new members at the 2015 New Member Induction and Certificate Awarding Ceremony held on February 11, 2016 at the auditorium 

ComBank announces of Rs 5 bn debenture issue

The Commercial Bank of Ceylon PLC, Sri Lanka’s largest private bank by assets, market capitalisation and profit after tax, has announced plans to raise Rs 5 billion via a debenture issue with an option to increase

Orient Finance re-enters CSE; Closes marginally higher than offer price

Re-entering the Colombo Stock Exchange (CSE), Orient Finance PLC yesterday saw its shares close at Rs. 15.10, a marginal increase from the offer price of Rs. 15 having reached an all-time high price of Rs. 22.9 during the early hours

Foreign Ministry’s new agency to better integrate Lankan expats with economy

??By Chandeepa Wettasinghe The Foreign Ministry has changed the official terminology for the Diaspora while setting up 

Shares fall for 9th session; further weakening seen

REUTERS- Sri Lankan shares fell for a ninth straight session yesterday to their lowest close in nearly twenty-two months as rising domestic interest rates and global economic worries dented investor sentiment.

eBay to expand footprint with HelloCorp tie-up

??By Chandeepa Wettasinghe Fortune 500 company and global e-commerce giant eBay announced that it will be increasing its footprint in Sri Lanka through a master agreement with local business process outsourcing leader HelloCorp 

Sampath Bank 4Q net up 15% to Rs.1.53 billion over higher loan growth & other incomes

Sri Lanka’s third largest private sector commercial bank, Sampath Bank PLC group with an asset base of over Rs.500 billion saw 

SriLankan FlySmiLes promotion at Hameedia stores this February

Hameedia, the leadingmenswearspecialist in Sri Lanka has partneredwithSriLankanAirlines for the veryfirst time to offertheircustomers apromotionalofferthatawardseveryFlySmilesmember double points rewards for every Rs.100/- spent at the Envoy Mansion and all the Hameedia showroomsthoughout the month of February.

CSE Chief says positivism is need of the hour

As the global and local economic outlooks continue to be grim for Sri Lanka, the Colombo Stock Exchange (CSE) Chief yesterday stressed positivism of any form is essential at the moment to help turnaround the dampened situation faced by bourse.

Digital Health and SAIFRN pilot mobile health programme with mothers

Digital Health (Pvt.) Ltd joined hands with the South Asia Infant Feeding Research Network (SAIFRN), to commence a pilot programme to deliver informational health alerts to promote digital health in the island. 

Professor Jennifer Perera joins Credence Clinical panel

Award-winning Professor Jennifer Perera has joined the clinical panellists of Credence Genomics, the country’s leading commercial biotechnology venture, equipped with next generation sequencing technology.

NTB rewards Apple iPhone 6 to winner

Nations Trust Bank opened their flagship digitalized branch at the World Trade Centre, emphasizing further the bank’s ambitious approach towards digital banking.  In light of the opening event, a promotional raffle draw was held during the proceedings,  commemorating the opening of the new branch. The winner, H. D. A. Harendra, won the draw which gave him the opportunity to walk away with a brand new Apple iPhone 6. The winning pr