Continuously setting the benchmark in the fashion industry, Hameedia, Sri Lanka’s leading menswear specialist has joined the Cricket World Cup hype with an exciting promotion on all Signature branded items. As part of the promotion, customers p

Samsung Electronics Co Ltd., the global leader in Home Entertainment for nine consecutive years, today introduced an extensive range of SUHD TVs at its 2015 Samsung Forum in Bangkok. The new TVs set a new standard in premium Ultra HD content and elev

Over the long run, stocks have beaten the performance of any other major asset class by a wide margin (refer Box 1).

McLarens Lubricants Limited, sole agents for ExxonMobil Lubricants in Sri Lanka signed SML Frontier Automotive (Pvt) Ltd, Agents for Land Rover as their official lubricant partner.

A design so distinctive that it could be recognized by touch alone and so unique that it could be identified when shattered on the ground. This was the brief for the creation of the Coca-Cola bottle which is 100 years young this year. To mark this mi

Capital Alliance’s all-women Investment Management team, headed by Ashveeni Shanthikumar, CEO, CAL Investments, has rapidly evolved into the largest fund management unit in the country. As part of its International Women’s Day 2015 celebr

?Sri Lanka Telecom PLC yesterday announced the resignation of incumbent Group CEO Lalith De Silva and the appointment of new Group CEO Dileepa Wijesundara. De Silva’s resignation will come into effect from March 13, 2015.

?The newly appointed Central Bank Governor Arjuna Mahendran said the country’s larger corporates must turn to bond markets instead of resorting to easy bank credit for their liquidity needs. 

?Restrictions imposed on banks parking their excess liquidity with the Central Bank have been lifted. The Central Bank yesterday said the 5 percent Standing Deposit Facility (SDF) rate was withdrawn with effect from March 2, 2015.

?Hemas Holdings PLC (HHL) said its recently announced Rs.4 billion rights issue has drawn high interest from both foreign and domestic investors. Esufally family members, who own about 70 percent of the company had said, they would not be subscribin

Fitch Ratings has cut the country’s telecom sector outlook to negative from stable amid the one-off and recurring taxes slapped on the industry by the interim budget of the new administration.   

Consumer durables retailer Singer Sri Lanka ended the 2014 financial year on a high note, recording a 27 percent growth in fourth quarter revenue that helped the Group achieve Rs. 29.7 billion in annual revenue. Annual revenue grew by 16.5 percent in

Singhe Hospitals Limited of Ratnapura will be opening its Initial Public Offering of Rs. 250 million on March 12 at the Colombo Stock Exchange, following just 2 years of operations, as announced at a press conference recently.

Unilever Sri Lanka bagged the coveted ‘Marketer of the Year’ award at the Sri Lanka Institute of Marketing (SLIM) Effie Awards 2014 held recently.The award recognizes the overall effectiveness of Unilever Sri Lanka’s marketing effor

Holcim Lanka recently held its first Innovation and Application (I&A) week at its new I&A centre at R. A. De Mel Mawatha to create awareness among its key stakeholders of the several value added services offered by the centre.

Iodex, the Ayurvedic balm brand from SmithKline Beecham (GlaxoSmithKline), recently held a relief camp to provide support to thousands of pilgrims visiting Sri Pada, a sacred place for Sri Lankans at a height of 2,243 metres.

UltraTech Cement Lanka (Pvt.) Ltd is conducting building clinics in partnership with the Institute of Engineers to help individual home builders get professional advice to cut down on costs and own a long-lasting house.

Hatton National Bank (HNB), the premier private sector commercial bank in Sri Lanka, recently joined hands with Ideal Motors (Pvt.) Ltd to promote Mahindra vehicles.

HSBC’s popular ‘free fuel for one year’ at islandwide Lanka IOC fuel stations continues to reward credit cardholders with further savings on fuel on top of the fuel price reduction.

Recognising the importance of proper income management and inculcating the habit of saving amongst the people, Citizens Development Business Finance PLC (CDB) launched its innovative Salary Plus savings account recently, expanding its portfolio of fi

Land Rover is extremely proud to partner with HSBC Colombo Fashion Week for a fourth consecutive year for the upcoming Spring/Summer 2015 Show. The annual HSBC Colombo Fashion Week showcase has become one of the most highly anticipated events of the

Maliban Milk became the first milk food company in Sri Lanka to be awarded the International Standards of ISO Certifications Trinity; ISO 9001, ISO 22000 and ISO 14001 from the Sri Lanka Standards Institution.

The National Blood Transfusion Service (NTBS) has felicitated the Brandix Group for the donation by its employees of 3,321 units of blood in 2014, the largest donation by a single corporate entity in the country in the year.This is the fifth year in

Sri Lanka Telecom (SLT), the national ICT solutions provider proved to be one of the strongest business entities when it was awarded the prestigious ‘Taiki Akimoto 5S Awards including; the Merit Award for t he Service SectorLarge, Merit Award f

Pan Asia Bank recorded an impressive 265 percent growth in profit after tax (PAT) for the financial year ended December 31, 2014 to post Rs.415.2 million on the back of strong core-banking performance, non-fund-based income and efficient cost managem

Everjobs (everjobs.lk), the new j ob portal for fast growing markets, was launched yesterday in Sri Lanka. The company’s mission is to simplify the job search and hiring process by connecting job seekers with employers in a matter of clicks. Th

Switzerland, the nation with the richest households in the world, is to boost its economic ties with Sri Lanka as the Swiss Foreign Minister is due in Colombo and a high-powered trade and investment mission too been scheduled.

?Aitken Spence Hotel Holdings PLC has recently entered an agreement with the Maldivian government to lease and develop an uninhabited island named “Aarah”, Mirror Business learns.

?With the new government’s decision not to allow gaming facilities in the proposed integrated resorts, John Keells Holdings PLC (JKH) has faced a delay in obtaining a US $ 445 million syndicated loan, foreign media said. 

?The local unit of the Hong Kong stock exchange listed Asian life insurance giant, AIA Group Limited, AIA Insurance Lanka PLC (AIA) saw its net profits for the quarter ended December 31,2014 falling by 57.8 percent to Rs. 153.8 million (Rs.5 a share)