Vasu files another case against shipping industry monopolisation

Court of Appeal last week issued notices on Ocean Network Express (O.N.E) and alleged partners on trade monopolisation and others returnable for March 19.

PAYable signs 2000 new merchants in 2 months with VISA promotion

PAYable revolutionized cashless mobile payments in 2016, when it first entered the market with a mission to empower Sri Lanka’s

The Body Shop Introduces New Range For Valentine’s Day

Infusing the celebration of Valentine’s Day with the ephemeral scents of cherry blossom and strawberries

Govt. to appoint committee to check State accounts

The government will appoint a committee comprising public and private sector members to look into State accounts and especially the country’s debt statistics, Prime Minister Ranil Wickremesinghe said on Thursday.

Asia stocks tank for second time in a week as global rout resumes

AFP: Asian trading floors were a sea of red once again yesterday as the global rout returned with a vengeance on intensifying fears about tighter US interest rates.

Green cars in spotlight as India eyes electric revolution

AFP: Electric cars bask in the limelight at India’s flagship auto show, where an ambitious plan to phase out polluting clunkers has manufacturers racing to lure millions of new drivers to their green vehicles.

Malaysia says no mystery over ‘missing’ MH370 search ship

AFP: Malaysia Thursday quashed rumours swirling after a ship searching for Malaysia Airlines flight MH370 disappeared from tracking screens, saying it had simply made a refuelling stop in Australia and would resume the hunt.

Rupee firms on exporter dollar sales

REUTERS: The Sri Lankan rupee ended firmer for a third straight session yesterday, pulling further away from a record closing low hit earlier this week, as some exporters sold dollars, dealers said. 

Lankan apparel giants give up on breaking through production efficiency conundrum

An efficiency conundrum hounding the Sri Lankan apparel industry over the past two decades has seen giants such as MAS Holdings giving up on trying break through the production efficiency barrier to focus on the complete supply chain.

Trade on agenda as China’s top envoy visits US

AFP: US Secretary of State Rex Tillerson welcomed Chinese state councillor Yang Jiechi to Washington on Thursday as the world’s two most powerful diplomats talked trade, drugs and North Korea.

AIA Vitality users support Little Hearts Foundation

AIA Vitality app users had chosen the Charity option as their AIA Vitality reward and donated a sum of Rs.200,000 in the month of November. Each user made a donation of Rs.500 per reward towards the Critical Care Unit for children at the Lady Ridgeway Hospital. The Little Hearts foundation wishes to extend its heartfelt appreciation to all AIA Vitality users for their contribution.

NDB Toastmasters successfully completes southern region speechcraft

The grand finale of the NDB Speechcraft Programme season-eight successfully concluded in grand style on January 12th 2018, with the presence of the senior management and staff members of the southern region as well as the invitees from the Toastmasters fraternity.

Ceylinco Life presents 168 new Pranama scholarships to young high-achievers

The power of recognition to inspire and motivate further achievement was the central theme when Ceylinco Life presented scholarships to another 168 young Sri Lankans at the 17th edition of the life insurance leader’s Pranama scholarship programme recently.

Axienta recognised by Gartner Market Guide for REM solutions

Axienta positioned with the big boys in IT as representative vendor in Retail Execution and Monitoring Solutions for Pharma, Telco and Consumer Goods Industry

Gajashakthi Security Services joins hands with Hanwei International, China

With the purpose of providing security for Chinese companies that have already taken a foothold in Sri Lanka, the Gajashakthi Security Service (Pvt.) Ltd (GSS), one of leading security providers, recently formed a joint venture with Hanwei International Security Services Company Ltd China.

Polymath College: International personality with SL identity

 Polymath College in Nawinna, Maharagama is not yet another ordinary international school. It is extraordinary. Polymath means ‘Having learned much’ in Greek or ‘Universal Man’ in Latin.

Emirates greets Sri Lanka on its 70th Independence Day

Sri Lankan employees at the Emirates Group came together to offer their compatriots greetings and share their thoughts on Sri Lanka’s 70th anniversary of independence.

Mobitel Cash Bonanza Nov-Dec 2017 winners acquire brand new Montero jeeps

Mobitel’s Cash Bonanza programme recently awarded P.R. Fernando of Negombo and W. Kalani Welagedara of Matale at the Mobitel Cash Bonanza carnival with the grand prize of a Brand New Montero Jeep each for the months of November and December 2017.

iflix expands kids portfolio following tremendous viewership growth

iflix, the world’s leading entertainment service for emerging markets, is thrilled to launch its all new dedicated iflix Kids Channel, with an expanded selection of hundreds of top movies and TV series for children of all ages from many of the world’s most popular studios and brands, available to both stream and download.

Lanka Bell joins hands with eChannelling to benefit its customers by channelling doctors

eChannelling PLC, the largest pioneer Doctor Channelling Network in Sri Lanka, has joined hands with Lanka Bell

Powering companies to innovate products by leveraging on its Automated Testing expertise

There is a growing clamour for corporations to innovate across their products, markets and customer offerings

Watawala Plantations sees fall in profits; but remains confident of palm oil, dairy sectors

Watawala Plantations PLC (WATA) reported subdued financial performance for its most recent quarter, as the group which specialises in palm oil, suffered a setback in both top and bottom lines while the start-up losses of the group’s dairy business erased further profits.  Releasing the first interim results after it spun off the group’s upcountry tea business, WATA reported earnings of 85 cents per 

Bangladesh to sue Manila bank over US $81mn heist

DHAKA (REUTERS): Bangladesh’s Central Bank will file a lawsuit against a Philippines bank over its role in one of the world’s biggest cyber-heists two years ago, a deputy governor said on Wednesday.

Higher raw material costs dim SL’s largest poultry firm’s Dec. profits

Sri Lanka’s largest poultry operator, Ceylon Grain Elevators PLC (GRAN), reported weaker financial performance during the December quarter as the rise in production costs surpassed the virtually flat growth in the top line. 

Higher raw material costs dim SL’s largest poultry firm’s Dec. profits

Sri Lanka’s largest poultry operator, Ceylon Grain Elevators PLC (GRAN), reported weaker financial performance during the December quarter as the rise in production costs surpassed the virtually flat growth in the top line. 

Stocks rise to 3-mth high on foreign buying

REUTERS: Sri Lankan shares rose to their highest close in three months yesterday as foreign investors picked up blue chip stocks such as conglomerate John Keells Holdings Plc. 

Tess Agro announces rights issue to settle bank borrowings

Fisheries products exporter Tess Agro on Wednesday disclosed plans to raise Rs.59 million via a rights issue.

SL-S’pore FTA sparks investment interest among NZ firms

The recently signed Sri Lanka-Singapore Free Trade Agreement has been able to create a lot of enthusiasm among New Zealand companies operating in Singapore, India and Middle East to look for opportunities in investing in Sri Lanka, Sri Lanka-Australia-New Zealand Business Council (SLANZBC) said. 

Change likely in tax liability of foreigners on govt. securities

The government is likely to exempt the income tax liability on interest or discount paid to non-residents on rupee-denominated sovereign bonds, under the new Inland Revenue Act.

She’s Mercedes: DIMO hosts an evening of indulgence exclusively for ladies

The brilliant canvas behind the idea that the power of inspired minds can effect excellence, She’s Mercedes,