Al-Falaah moves into new corporate office

Al-Falaah, recently moved to its very own corporate office premises. Strategically located at No. 481, T.B. Jayah Mawatha (Darley Road), Colombo 10, Al-Falaah is now bet ter equipped than ever before to offer its clientele

1st Indo Lanka Customer Engagement Forum

The Customer Engagement forum  is organised by the ACEF TEAM and is guided by an Advisory Board who has the credentials in advanced Customer Engagement work.

Over US $ 1.5bn required to resurrect ailing Lankan rail network: Ircon

Investments exceeding US $ 1.5 billion would be required to resurrect Sri Lanka’s ailing railway network, according to a top official of Indian government’s rail construction subsidiary Ircon International Limited. 

SRR hike could eat into banking sector margins: research

?The banking sector margins and the profits could come under pressure due to the increase in the reserve requirement by the Central Bank, which came into effect from January 16, a research by a Colombo-based stock brokerage said. 

Chevron Lubricants 4Q profits up despite higher tax expenses

?Chevron Lubricants Lanka PLC, the local unit of US-based multinational, saw its December quarter (4Q15) net profit increasing 28 percent year-on-year (YoY) to Rs.713.3 million, the interim financial accounts released to the Colombo bourse showed.

Mini-hydropower producers get all-time high tariffs from CEB

?The Ceylon Electricity Board (CEB) has decided to offer by far the highest supplier tariff for mini-hydropower producers for a unit of energy purchased for 2016 with retrospective effect from 2015, according to a research arm of a stock brokerage. 

Tea industry brews lowest output in three years

Sri Lanka’s 2015 tea production declined to a three-year low of 328.96 million kilogrammes (Mkg). Statistics released by the Sri Lanka Tea Board (SLTB) 

ADB to increase financial assistance

?Sri Lanka is slated to get US $ 1 billion from the Asian Development Bank (ADB) as financial assistance in 2017, a Finance Ministry press statement said. 

Hameedia honours top performers at Executive Leadership Night 2015

Hameedia recently hosted ‘Executive Leadership Night 2015’, at the Envoy Mansion, to recognise and honour 200 of its top performing employees from 2015.‘Executive Leadership Night 

British Car Day 2016 with the Classic Car Club and Land Rover

The Classic Car Club of Ceylon and Land Rover for a thirdyear running present ‘British Car Day’, an event, whichshowcases British cars and motorbikesfrom the 1930s onwards in true festival spirit.

Sunquick “Drink & Win” Consumer Promotion with 100 Sisil Refrigerators

Sri Lanka’s premier and number one fruit juice brand “Sunquick” has once again commenced its annual consumer promotion, Sunquick “Drink & Win”, from January onwards.

Cargills Bank offers home loans at attractive interest rates

?Cargills Bank has introduced housing loans scheme at an attractive interest rate of 9.25 percent. This has devised to alleviate financial constraints of the people in fulfilling their housing needs.

Blood ivory

?Buddhist monks look at African elephant tusks (blood ivory) seized by Sri Lanka Customs to be destroyed, before they held prayers for the dead elephants, at Galle Face Green in Colombo yesterday (REUTERS PHOTO)

Seylan Bank celebrates Thai Pongal

?The staff of Seylan Bank celebrated the annual Thai Pongal festival on January 18, 2016, at the Seylan Bank head office, Kollupitiya. Director/CEO Kapila Ariyaratne, the senior management and staff members of Seylan Bank graced the occasion.

Ceylinco Life opens Green branch in Wennappuwa

?Ceylinco Life’s latest eco-friendly branch building has been formally declared open in Wennapuwa, as part of the life insurance leader’s on-going ‘Greening’ of its branch network. 

ComBank ties up with Bank Muscat Oman for instant money transfers

?Instant, real-time fund transfers between Oman and Sri Lanka have become possible as a result of a tie-up between the Commercial Bank of Ceylon and Bank Muscat, the leading financial services provider in the Sultanate.

Fonterra Brands Lanka on massive expansion mode

?The global dairy industry leader’s local subsidiary Fonterra Brands Sri Lanka will be opening a Rs.117 million demonstration and training farm in Pannala next month. “As we move forward, we see opportunities to increase our commitments here.

Treasury likely to miss revenue targets from vehicle imports

The Treasury is likely to miss its highly optimistic revenue collection target from motor vehicle imports due to a myriad of issues, an economist and the head of a Colombo-based brokerage and research house pointed out. 

Selling at JKH; EPF suspected

?It was in the grapevine yesterday that the state-controlled private sector pension fund, the Employees’ Provident Fund (EPF), had been selling top blue-chip John Keells Holdings PLC (JKH) shares, dragging the share price as well as the entire market down. 

Aitken Spence to buy hotel in Oman

?Leading blue-chip conglomerate Aitken Spence is in the green to purchase Al Falaj Hotel in Oman, which it had managed up to now, for 14 million Omani rials, foreign news reports said. 

Towards sustainable wildlife tourism

?Sri Lanka Tourism took the first step in addressing one of the tourism industry’s major concerns and its impact on wildlife tourism by hosting a lecture on the theme “CITES and wildlife trade – What CITES does and how it links to wildlife tourism” at The Galle Face Hotel on Monday (25) evening.

Millennium Housing unveils “The Heights” today

The ground breaking ceremony of the naugural high rise project of Millennium Housing Developers PLC, ‘The Heights,’ will take place today at 9.10 am at the site. 

CIMA corporate partners launch 2016 today

?CIMA, the Chartered Institute of Management Accountants will launch its 10th Corporate Partners Programme under the theme ‘Pioneering the Beat of National Change’ on 27 January at the Atrium Lobby, Cinnamon Grand.  

Ceylon Chamber seminar on biomass energy

?Ceylon Chamber of Commerce, the country’s premier business chamber will conduct a seminar on Sustainable Biomass Energy Production and Modern Bio Technologies in a bid to help the government’s drive towards increasing the production of biomass based energy sources in the Island.

His Ministry to restructure rather than run public enterprises, Kabir Hashim tells OBG

?The culture in Sri Lanka around public sector service delivery was one of several issues discussed in a recent interview that the Public Enterprise Development Minister Kabir Hashim gave to the global research, publishing and consultancy firm Oxford Business Group (OBG).

What makes the difference between customers wanting to buy and wanting to leave?

When asked about what factors impact sales, many retailers will allude to the economy, weak consumer spending, competition and recent ‘shop from home’ innovations. 

Exchange rate management: Politics trumps professionalism

?Most people in a country don’t understand the intricacies of exchange rate management. Nevertheless, actions in this regard have significant implications for the economic stability, growth and overall success of the economy, on which human development is fostered. 

Face reality, think radical or exports will stagnate: MTI

Delivering the keynote at the 30th anniversary celebrations of the National Chamber of Exporters, MTI CEO Hilmy Cader assessed the contemporary issues related to exports in the international market place, ...

MSLGROUP expands its presence to Sri Lanka by rebranding Arc PR

The move further cements MSLGROUP’s leadership in Asia as well as strengthens its footprint and capabilities in South Asia

Etihad Airways announces global sale in Sri Lanka

Colombo, SRI LANKA– Etihad Airways, the national airline of the United Arab Emirates, is offering travellers from Sri Lanka fantastic savings in its six-day Global Sale starting today (January 26).