Hi Life marks first anniversary

The Hi Life fashion store situated between Malabe and Koswatta celebrated its first anniversary recently and introduced a privilege card named Honour Club. The customers using the card have already hit the number 2000. 

NCE partners ILO to host awareness seminar for exporters

The National Chamber of Exporters of Sri Lanka (NCE) has collaborated with the International Labour Organisation (ILO), with a view to establish business linkages for export with agricultural producers in the Northern and Eastern Provinces of Sri Lanka.

NDB goes paper-free during this festive season

The holiday season is all about sending greeting cards, good wishes and gifts. However, the impact that these simple gestures have on the environment is profound. During a time where climate change is having a massive impact on Planet Earth, NDB decided to go paper-free during the festive season.

AIA Vitality partners ‘Run for Their Lives’ to battle cancer

After a very successful sponsorship of the ‘Run for Their Lives’ (RFTL) charity run recently, AIA takes the partnership further by encouraging its Vitality members to contribute towards the Apeksha Cancer Hospital in Maharagama.

JLanka wins double Gold at Sri Lankan Entrepreneur of the Year Awards 2017

JLanka Technologies was once again recognized for its pioneering efforts in innovation and sustainable transformation at the Sri Lankan Entrepreneur of the Year Awards for 2017, with JLanka CEO and Technical Director Dr. Mayura Jayasoma walking away with both the National and Provincial Gold awards in the Extra-Large Industry category. 

Record price for Verallapathna Estate teas

An invoice of Uvakellie OP from Verallapathna Estate realised a price of Rs.800 per kilogram. The teas were purchased by Stassen Exports Ltd at the Colombo Tea Auction recently. 

Pentium 2000 Stationaries wins FCCISL Gold and Silver awards

Pentium 2000 Stationaries (Pvt.) Ltd Managing Director Jagath Dissanayake secured the Gold award in the Large-Scale category for the Central Province and Silver award at National Level, at the award ceremony organised by the Federation of Chambers of Commerce and Industries of Sri Lanka (FCCISL), held at the BMICH.

Beauty Gems wins FCCISL Bronze award

Beauty Gems, a leading company in the business of gems, won the Bronze award in the Large-Scale for the Western Province, at National Level, at Entrepreneur of the Year 2017, organised by the Federation of Chambers of Commerce and Industries of Sri Lanka (FCCISL).  

CSE honours employees at ‘Star Performers 2017’

The Colombo Stock Exchange (CSE) recently held its year-end employee recognition event themed ‘CSE Star Performers 2017’. 

Dialog Television named official Pay TV Partner of MTI’s idea2fund

 Dialog Television, a fully owned subsidiary of Dialog Axiata PLC was announced as the Official Pay TV Partner for idea2fund, the year-round venture competition powered by MTI Corporate Finance. 

wOw.lk Shopping Carnival 2017

Sri Lanka’s biggest year-end shopping fiesta, the wOw.lk Shopping Carnival, will once again bring bargains galore

Tos Lanka to introduce mini wind turbines

A customer orientation seminar on mini wind turbine technology and its relevance to domestic, institutional, industrial, fisheries and agricultural projects was held recently, at Hotel Ramada, Colombo 3, supported by the major Japanese conglomerate, Sojitz Pla-Net Corporation.

Celebrate Christmas in style with Hameedia

Hameedia, Sri Lanka’s leading menswear specialist, offers a shopping bonanza promotion for its customers to make the upcoming Christmas season truly special.  A host of offers are available to the discerning man who is looking to upgrade his wardrobe for the season until December 31, 2016 or until stocks last. These include 

Maliban appoints Ravi Jayawardena as Group CEO

With immediate effect, Ravi Jayawardena has been appointed as a Group Chief Executive Officer of the Maliban group that consists of Maliban Biscuits (Pvt.) Ltd, Maliban Milk (Pvt.) Ltd and Maliban Agro Ltd. 

Commercial Bank heralds Christmas cheer with carols

Commercial Bank of Ceylon commemorated the festive season with its annual, trilingual carol service, themed ‘Miracle in a manger’ this year. 

Sri Lanka Insurance holds Christmas Carols

Sri Lanka Insurance (SLI) Christmas Carols 2017, organised by the Christian Association of SLI under the theme ‘Joy to the World’, was held at the SLI head office premises recently. SLI Chairman Hemaka Amarasuriya and Executive Director Nilu Wijedasa were present at the event, while Fr. Anton Dinesh delivered the sermon.

UCL Logistics focuses on brokerage solutions

UCL Logistics, a member of Expolanka Holdings, recently announced the establishment of its restructured inbound ocean brokerage division to offer contemporary brokerage solutions under the existing Expolanka banner.

Regulatory nod for merging of LOLC group finance firms

A merger of finance companies within the LOLC group has received regulatory approval from the Central Bank, according to a disclosure made to the Colombo Stock Exchange.

ADB’s microfinance programme to reach Sri Lanka with additional funding

Sri Lanka’s microfinance space is likely to benefit from the additional funding the Asian Development Bank (ADB) has committed to its microfinance programme. An ADB communiqué said the development lender’s board of directors has raised the limit of an existing microfinance risk participation and guarantee programme by an additional US $100 million in assistance for its microfinance institutions (MFIs).

Stocks hit near 2-week closing high

REUTERS:  Sri Lankan shares touched a near two-week closing high yesterday, as investors picked up banking and diversified stocks, with muted trading as investors went on holiday in the Christmas week.

Monthly fiscal operations not on FinMin website since change of ministers

The Finance and Mass Media Ministry has not disclosed the monthly fiscal operations of the Treasury since July 2017.

SL receives first tranche of H’tota port lease proceeds

Sri Lanka has received the first payment for the lease of the Hmbantota port to a state-owned Chinese firm, the Central Bank said yesterday.

Dileepa quits SLT

Sri Lanka Telecom PLC (SLT) Group CEO Dileepa Wijesundera has tendered his resignation this month to be effective from March 11, 2018.

DFCC Bank credit card gives you more than one reason to shop

DFCC Bank is extending special savings for DFCC credit card holders for a memorable festive season right

Philippine c. bank relaxes rules on foreign loans to boost investments

REUTERS: The Philippine Central Bank said yesterday it has approved revisions to foreign exchange rules to facilitate financing of private sector investments to boost economic growth. 

Power giant LTL Holdings reaches pinnacle once again

Subsidiary of LTL Holdings, Lakdhanavi Limited was awarded with Power Utility of the Year and Innovative Power Technology of the Year Sri Lanka at the Asian Power Awards 2017.

Mirror Business takes a break

There will be no Mirror Business on December 25th and 26th due to Christmas holidays. The next Mirror Business issue will be on the 27th.

Asia markets enjoy pre-Christmas cheer, euro avoids sell-off

AFP:  Most Asian markets yesterday saw in the Christmas break on a positive note, picking up the baton from Wall Street while the euro stood firm against a sell-off despite a victory for Catalan separatists in a snap poll.  

Idea Group CEO receives 2 Golds at Best Entrepreneur of the Year 2017

Idea Group Limited CEO/Managing Director Sampath Mayakaduwa was conferred with two Gold awards at the 22nd edition of the Best Entrepreneur of the Year 2017 awards ceremony held at the BMICH, organised by the Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) with the gracious presence of President Maithripala Sirisena as the chief guest. 

Rupee ends firmer on remittances, dollar conversions

REUTERS: The Sri Lankan rupee closed firmer yesterday, as exporter dollar sales and inward remittances surpassed demand for the U.S. currency by importers, dealers said.