Finnish firm detects new Intel security flaw

AFP: A new security flaw has been found in Intel hardware which could enable hackers to access corporate laptops remotely, Finnish cybersecurity specialist F-Secure said yesterday.

CAL at the forefront Sri Lanka’s Capital Markets in 2017

Sri Lanka’s #1 investment banking firm and the preferred partner in financial markets, Capital Alliance Partners Limited (CAL)

Mobitel Cash Bonanza 2018 to offer Mercedes Benz cars

Commencing the new year with exciting news for its customers, Mobitel has renewed its popular ‘Cash Bonanza’ programme for the year 2018. Mobitel Cash Bonanza is relaunched in the new year with more valuable prizes. 

Adidas End-of-Season Sale offers 50% discount

Adidas has launched a stupendous End-of-Season Sale, which offers a 50 percent discount on all Adidas-branded items in store until January 30, 2018.  Brand-conscious shoppers can make the most of this exciting offer to kick-start 2018 by putting their most stylish foot forward in the first month of the new year. 

Maggi noodles’ quality standards recognised by SLSI

Nestle Lanka’s popular ‘Maggi’ noodles range was awarded the SLS certification by the Sri Lanka Standards Institution (SLSI) at an award ceremony held this week. Maggie’s entire noodle range, including Maggi Chicken, Curry, Daiya, Tikiri and Double Pack noodles as well as Maggi Devilled Chilli Chicken and Spicy Blast noodles, is now SLS certified.

Galuku Hydrophonic receives Wayamba Vijayabhimani Excellence Award

Galuku Group of Companies Chairman Jagath Manjula Yapa was awarded as the most excellent businessman in the category of innovative value-addition products at the Wayamba Vijayabhimani Entrepreneur Excellence Awards. 

Leema Creations wins Silver at Entrepreneur of the Year Awards

Leema Creations (Pvt.) Ltd, the leading total interior service provider and furniture manufacturer, won the Silver award for the Large Category segment at Entrepreneur of the Year Award 2017, organised annually by the Federation of Chambers of Commerce and Industry.

ComBank and Insee Cement launch Sri Lanka’s first dealer loyalty debit card

Commercial Bank of Ceylon, Sri Lanka’s market leader in credit and debit card cumulative point-of-sale usage, has broken new ground in hybrid card functionality with the launch of the country’s first dealer loyalty debit card in partnership with Sri Lanka’s foremost cement manufacturer Insee Cement, formerly known as Holcim Lanka.

Laugfs Gas gets assurance over H’tota port gas pipeline construction continuity

Laugfs Gas PLC yesterday expressed confidence in the construction of the pipeline connecting its flagship LP gas terminal to the jetty in Hambantota Port continuing, following intervention from the Board of Investment and the Development Strategies and International Trade Ministry.

Rupee ends weaker on importer dollar demand

REUTERS: The Sri Lankan rupee closed weaker yesterday as dollar demand from importers and banks surpassed mild conversions by exporters, dealers said. The spot rupee ended at 153.80/85, compared with Wednesday’s close of 153.70/80.

Access Engineering sees over 10% rise in FY 2017/18 profit

REUTERS: Access Engineering Company PLC, a listed Sri Lankan firm that has partnered with Chinese companies on construction projects, expects its net profit to grow by more than 10 percent in the 2017/18 financial year, its chairman said on Wednesday.

Indian regulator bars PwC from auditing listed firms for 2 years

REUTERS: India’s capital market regulator late this week barred Price Waterhouse from auditing listed companies in the country for two years, after a probe into a nearly decade-old accounting fraud case in a software services company that became India’s biggest corporate scandal.

Government’s loan scheme to support entrepreneurs to be launched in March

Finance and Mass Media Minister Mangala Samaraweera said that one of the main proposals made in the budget to create entrepreneurs under the ‘Enterprising Sri Lanka’ programme would be launched in March. 

Trump to make surprise appearance at Davos

AFP: Donald Trump will take his populist message directly to the world’s political and business elite later this month, becoming the first US president to attend the World Economic Forum in Davos in nearly 20 years.

DFCC Bank official banking partner at Fairway Galle Literary Festival 2018

As the official banking partner for the Fairway Galle Literary Festival to be held from 24th to 28th January 2018

Adidas End-of-Season Sale offers discounts of 50%

Adidas has launched a stupendous End-of-Season Sale which offers a 50% discount on all Adidas branded

Chocolate Blackout at Hilton Colombo!

It’s hard not to fall in love with chocolates. With its luxurious form, luscious flavor, and the way it all melts in the mouth

Prestigious Mercedes Benz cars and millions of cash with ‘Mobitel Cash Bonanza 2018’

Commencing the New Year with exciting news for its customers, Mobitel has renewed its popular ‘Cash Bonanza’

Govt. to call for new oil, gas exploration bids

The third licensing round to offer offshore blocks for oil and gas exploration and development in northern Sri Lanka will take place over the next three months, according to state-run Petroleum Resource Development Secretariat (PRDS).

Top sovereign wealth funds in town to explore investment opportunities

Development Strategies and International Trade Ministry yesterday opened a two-day roundtable investment forum in Colombo with several top sovereign wealth funds (SWFs) in Asia and the Middle East.

Sri Lanka hopes to meet 60% of pharma demand locally by 2020

The government’s latest efforts in import substitution through the establishment of a pharmaceutical manufacturing zone will see 60 percent of the demand for pharmaceutical tablets and pills being met by locally made drugs by 2020, in furtherance of the vision of the late Pharmacologist Professor Senaka Bibile.

Shares end down on profit-taking

REUTERS: Sri Lankan shares ended weaker yesterday as investors sold blue chips such as Ceylon Tobacco Co, but foreign investors’ appetite for risky assets limited the downslide.

Sri Lanka’s private sector credit seen easing

Sri Lanka’s once stubborn private sector credit has finally started to ease, a sign that the monetary policy tightening measures put in place finally are having a considerable effect on the country’s credit and money flows.

LVL Energy Sept. net down 12%

Higher finance costs saw the net profits of LVL Energy Fund Limited (LVL) falling 11.9 percent to Rs.153 million during its second quarter from July-September 2017 (2Q18), compared to the corresponding quarter last year.

Browns shines at National Business Excellence Awards

Brown and Company PLC (Browns) emerged Runners Up under the Trading category at the National Business Excellence Awards 2017, hosted by the National Chamber of Commerce. 

Nature’s Agro introduces Sugar Killer Tea to Lankan market

Sugar Killer Tea, a sugar free, yet sugar-like-taste filled tea which is a hundred percent natural discovery from Sri Lanka has been introduced to the market for the first time. 

Wavemaker opens for business in Sri Lanka

Wavemaker, GroupM’s new billion-dollar revenue, media, content and technology agency created from the merger of MEC and Maxus was launched in Sri Lanka recently.  

HSBC to discuss global currency outlook for 2018

The Hongkong and Shanghai Banking Corporation (HSBC) will kick start 2018 with a ‘Power Breakfast’ for its corporate clients in the form of a discussion forum dedicated to the global currency outlook for the year ahead. 

NTB supports to develop soft skills of university students

Recognizing the importance of industry – university partnerships in preparing the youth for the future, Nations Trust Bank made certain interventions recently to develop soft skills of undergraduates and sensitize youth on sustainable development. 

CDB wins Gold at SLITAD People Development Awards again

Continuing its unrelenting winning streak during 2017, Citizen’s Development Business Finance (CDB) won yet another prestigious accolade at the SLITAD People Development Award, reemphasizing the prowess of its winning team.