Afghanistan won by 7 wickets against Sri Lanka in ACC Emerging Teams Asia Cup 2019

Afghanistan won by 7 wickets against Sri Lanka in ACC Emerging Teams Asia Cup 2019 »

19 Nov, 2019

Yesterday in the first round of the ACC Emerging Teams Asia Cup 2019 in Bangladesh, defending champions Sri Lanka Emerging suffered their third successive loss and failed to qualify for a semi-final place.

Mumbai Indians retain core players for IPL2020

Mumbai Indians retain core players for IPL2020 »

19 Nov, 2019

Defending champions Mumbai Indians have retained their core squad that helped them win a record fourth Indian Premier League (IPL) title earlier this year, while releasing 12 player on Friday.

Possibility on thundershowers in several provinces across the island

Possibility on thundershowers in several provinces across the island »

19 Nov, 2019

High possibility for evening thundershowers in Sabaragamuwa, Western and North-western provinces and in Kandy, Nuwara-Eliya, Galle and Matara districts today (19th).

SriLankan Airlines IT team wins two National Awards for in-house innovations

SriLankan Airlines IT team wins two National Awards for in-house innovations »

18 Nov, 2019

SriLankan Airlines was commended and recognized at the National ICT Awards – NBQSA 2019 Ceremony held on 11th October 2019 for the talent and innovation of its IT staff, winning the Bronze and Merit Awards in the ‘In-House Application’ category.

Power World Gyms opens its 26th fitness center at Arangala

Power World Gyms opens its 26th fitness center at Arangala »

18 Nov, 2019

With the motive of bringing fitness and healthy lifestyle choices to every neighborhood, Power World Gyms recently declared open its full-fledged fitness center at Arangala, Malabe.

Participation of Sri Lankan Companies at Productronica 2019

Participation of Sri Lankan Companies at Productronica 2019 »

18 Nov, 2019

The Sri Lanka Export Development Board (EDB) has organized a Sri Lanka pavilion at “PRODUCTRONICA 2019” from 12th – 15th November 2019 at MESSE MÜNCHEN, Germany with the assistance of Embassy of Sri Lanka in Germany and Consulate General of Sri Lanka in Frankfurt.

Sri Lanka Prosperity Index up by 0.783 in 2018

Sri Lanka Prosperity Index up by 0.783 in 2018 »

18 Nov, 2019

Sri Lanka Prosperity Index (SLPI), increased to 0.783 in 2018 from 0.548 recorded in 2017. All three sub-indices of SLPI, namely ‘Economy and Business Climate’, ‘Well-being of the People’ and ‘Socio-Economic Infrastructure’ contributed to this increase.

PMI increased to 57.6 index value in October 2019

PMI increased to 57.6 index value in October 2019 »

18 Nov, 2019

Manufacturing PMI increased to 57.6 index value in October 2019 mainly due to increase in Production and New Orders compared to September 2019.

External Sector Performance – September 2019

External Sector Performance – September 2019 »

18 Nov, 2019

Central Banks says In September 2019 (year-on-year), the trade deficit increased, with the fall in export earnings exceeding the decrease in import spending.

DFCC Bank records resilient performance amidst challenges

DFCC Bank records resilient performance amidst challenges »

18 Nov, 2019

The following commentary relates to the interim non-audited financial statements for the nine months ended 30 September 2019, presented in accordance with Sri Lanka Accounting Standard 34 (LKAS 34) on “Interim Financial Statements”.

ComBank provides Internet Payment Gateway to Nuwara Eliya Golf Club

ComBank provides Internet Payment Gateway to Nuwara Eliya Golf Club »

18 Nov, 2019

The Nuwara Eliya Golf Club (NEGC), one of the oldest golf clubs in Asia, recently appointed the Commercial Bank of Ceylon as its Internet Payment Gateway (IPG) service provider.

Light showers expected in Northern and Eastern provinces and in Hambanthota district

Light showers expected in Northern and Eastern provinces and in Hambanthota district »

18 Nov, 2019

Weather Forecast for today: There will be several mild shower spells in the northern and eastern provinces and the district of

HNB reports Rs 14.6 Bn Group PBT

HNB reports Rs 14.6 Bn Group PBT »

15 Nov, 2019

Financial News from Sri Lanka: Hatton National Bank PLC (HNB) posted a profit after tax (PAT) of Rs 8.0 Bn for

Corporates vie for honours at CSE masterminds 2019

Corporates vie for honours at CSE masterminds 2019 »

15 Nov, 2019

The third edition of Sri Lanka’s only capital market quiz - CSE masterminds organized by the Colombo Stock Exchange (CSE) was recently held at the Waters Edge Hotel with NDB Investment Banking group emerging as the winner of the overall competition.

HNB takes customer service to a new level at One Galle Face mall

HNB takes customer service to a new level at One Galle Face mall »

15 Nov, 2019

Understanding and anticipating customer needs, Sri Lanka’s largest private sector Bank, HNB PLc opened its doors to its newest customer-centric, business unit at the most prestigious address in town - One Galle Face shopping mall.

CILT Opens Trading at CSE to Celebrate Centenary Year

CILT Opens Trading at CSE to Celebrate Centenary Year »

15 Nov, 2019

The Chartered Institute of Logistics and Transport (CILT) recently rang the Opening Bell to commence trading at the Colombo Stock Exchange (CSE) to mark the organization’s centenary year.

Sri Lanka’s highest value ever in FDI via strategic investment in petroleum refinery

Sri Lanka’s highest value ever in FDI via strategic investment in petroleum refinery »

15 Nov, 2019

Sri Lanka’s geographical locational advantage between Singapore and the Middle East, and the availability of a new deep-water Port in Hambantota make the island an optimum location for establishing export oriented Petroleum and other commodity processing facilities.

Costa Victoria makes her debut call at the port of Colombo

Costa Victoria makes her debut call at the port of Colombo »

15 Nov, 2019

Costa Victoria, the Victoria class cruise ship operated by Italian Cruise company Costa Criciere, Europes, which is a leading cruise company in Venice,

LOT Polish Airlines makes its inaugural flight to Sri Lanka

LOT Polish Airlines makes its inaugural flight to Sri Lanka »

15 Nov, 2019

‘’LOT’’ Polish Airlines, a modern airline connecting Central and Eastern Europe, made its inaugural flight to Sri Lanka from Warsaw to Colombo on 4th November 2019. The new aircraft received the traditional water cannon salute on its landing, which was one of the special occasions to be seen in the field of Airport & Aviation.

High possibility on afternoon rain in several provinces today

High possibility on afternoon rain in several provinces today »

15 Nov, 2019

There is a high possibility for afternoon thundershowers with severe lightning in Sabaragamuwa, Central (particularly in Kandy district), Western and Northwestern provinces and in Galle and Matara districts today.

ComBank opens Automated Banking Centre at One Galle Face mall

ComBank opens Automated Banking Centre at One Galle Face mall »

13 Nov, 2019

The Commercial Bank of Ceylon has commissioned a state-of-the-art Automated Banking Centre (ABC)at the One Galle Face mall, offering visitors 24-hour access to the Bank’s services.

Nations Trust Bank Supports The Wildlife And Nature Protection Society To Host “Chat With Saba”

Nations Trust Bank Supports The Wildlife And Nature Protection Society To Host “Chat With Saba” »

13 Nov, 2019

Nations Trust Bank is supporting the Wildlife and Nature Protection Society to host an exciting event titled “Chat with Saba”. The event will feature a lively discussion on elephants and elephant conservation with Saba Douglas-Hamilton, the world famous conservationist, wildlife presenter and award-winning wildlife filmmaker.

Nations Trust Bank American Express Partners With “Sri Lankan Art 2019” For The 9th Consecutive Year

Nations Trust Bank American Express Partners With “Sri Lankan Art 2019” For The 9th Consecutive Year »

13 Nov, 2019

Nations Trust Bank American Express partnered with the George Keyt Foundation for the 9th consecutive year to host “Sri Lankan Art 2019”; an exhibition and sale of contemporary Sri Lankan art. Through this partnership,

People’s Bank Launch “Pathumak Thagi Karamu” Campaign in celebration of the literature month 2019

People’s Bank Launch “Pathumak Thagi Karamu” Campaign in celebration of the literature month 2019 »

13 Nov, 2019

People’s Bank ceremoniously initiated the distribution of donations received from generous and charitable Sri Lankans for bank’s ‘Pathumak Thagi Karamu’ campaign at the B/Kumarapattiya Ambagasdowa Rajakeeya Vidyalaya recently. I

Union Bank focuses on cost optimisation for sustained growth in a challenging environment

Union Bank focuses on cost optimisation for sustained growth in a challenging environment »

13 Nov, 2019

Union Bank continued to focus on portfolio alignment and prudent cost management to sustain against a hard-hitting macro economic environment that continued to weigh down the banking sector during the third quarter of 2019.

HNB announces launch of newly relocated customer centre at Orion City Tower

HNB announces launch of newly relocated customer centre at Orion City Tower »

13 Nov, 2019

Working to meet rising demand for convenient and effective banking solutions among a growing base of digitally savvy customer base, Sri Lanka’s leading bank in the field of technological innovation,

06 New CRD Innovations Released to the Army

06 New CRD Innovations Released to the Army »

13 Nov, 2019

The Center for Research and Development (CRD) of the Ministry of Defence, making a significant stride in the sphere of military

Showers or thundershowers will occur at several places island wide

Showers or thundershowers will occur at several places island wide »

13 Nov, 2019

Showers or thundershowers will take place after 1.00 p.m. at several places in Central, Sabaragamuwa, Uva provinces, and Galle, Matara districts. Then showers can spread to the provinces of the west and northwest.

New Army Headquarters Complex to be declared open tomorrow

New Army Headquarters Complex to be declared open tomorrow »

7 Nov, 2019

The Sri Lanka Army will move into a new Headquarters complex built (within the Defence Complex) in Sri Jayawardenapura, on Friday (08 November). President Maithripala Sirisena will declare open the new Army HQ complex during a ceremony, tomorrow morning.

Ceylon Chamber to promote trade, investments with Nepal

Ceylon Chamber to promote trade, investments with Nepal »

7 Nov, 2019

The Ceylon Chamber of Commerce (CCC) yesterday entered into a Memorandum of Understanding (MoU) with the Chamber of Commerce and Industry Chitwan, (CCIC) Nepal to further promote trade, investment and tourism activities between two countries.

LOT Polish Airlines resumes flights to Sri Lanka

LOT Polish Airlines resumes flights to Sri Lanka »

7 Nov, 2019

LOT Polish Airlines announced to boost the tourism sector in Sri Lanka that it will operate direct flights from Warsaw to Colombo from November 3. LOT will fly seasonally from Warsaw to Sri Lanka with three weekly flights on its new Boeing 787-9 Dreamliners fleet between November 3 and March 28.

KPMG Sri Lanka to host MESA Partners’ Conference

KPMG Sri Lanka to host MESA Partners’ Conference »

7 Nov, 2019

The 18th KMPG MESA Partners Conference with the theme “Re-inventing to meet clients’ agenda,” brings together the partners of KPMG in the Middle Eastern and South Asian region.

Elpitiya Plantations making its mark as world’s leading sustainable plantation by 2025

Elpitiya Plantations making its mark as world’s leading sustainable plantation by 2025 »

7 Nov, 2019

Steeped in the tradition of harmonious coexistence with nature, Elpitiya Plantations is no stranger to the concept of sustainability. As one of the leading plantation companies in Sri Lanka, with a diversified portfolio of crops, Elpitiya is the custodian of decades of agro-economic knowledge that generates a continuous stream of wealth for the national economy,

Softlogic Finance appoints Aaron Russell-Davison new Chairman

Softlogic Finance appoints Aaron Russell-Davison new Chairman »

7 Nov, 2019

Softlogic Finance PLC one of the country’s leading financial services firms, has formally appointed Mr Aaron Russell-Davison as its new Chairman, effective from 24 October 2019. He succeeds Mr Ashok Pathirage who resigned as Chairman of the Board of the Company after serving the regulatory maximum period of nine years.

Few more days for the World’s Biggest Online Sale

Few more days for the World’s Biggest Online Sale »

7 Nov, 2019

The Daraz 11.11. The sale will take place live at midnight on 11 November, bringing online shoppers the best discounts and deals of the year. From categories such as Fashion, Electronics, Mobile Phones and Accessories, Lifestyle and FMCG, the sale will bring up to 80 percent discounts on a wide range of local and international brands.

CEVA Logistics strengthens its presence in Sri Lanka with a new operation

CEVA Logistics strengthens its presence in Sri Lanka with a new operation »

7 Nov, 2019

As it further extends its capabilities across Asia, CEVA Logistics has set up a new operation in Sri Lanka officially opening the CEVA Sri Lanka office for business today. With the new set up, CEVA Sri Lanka will service clients in both the island nation and in the Maldives.

Covering the island first- Rhino Roofing launches roofing.lk for the first time in Sri Lanka

Covering the island first- Rhino Roofing launches roofing.lk for the first time in Sri Lanka »

7 Nov, 2019

Pioneering an industry-first, Rhino Roofing Products Limited is proud to have launched the island’s first-ever online roofing products store accessible via www.roofing.lk

Dipped Products Group posts Rs. 15.3 bn revenue

Dipped Products Group posts Rs. 15.3 bn revenue »

7 Nov, 2019

Hayleys Group’s subsidiary Dipped Products PLC (DPL), a leader in the global hand protection glove market, reported Rs. 15.3 billion Group turnover for the six months ending September 2019.The Hand Protection sector contributed Rs 8.6 billion to the Group’s top line.

Fitch rates Singer Finance (Lanka)’s senior debt ‘BBB(lka)(EXP)’

Fitch rates Singer Finance (Lanka)’s senior debt ‘BBB(lka)(EXP)’ »

7 Nov, 2019

Fitch Ratings has assigned Singer Finance (Lanka) PLC’s (SFL, BBB(lka)/Stable) proposed Sri Lanka rupee-denominated senior unsecured debentures of up to LKR1.5 billion an expected National Long-Term Rating of ‘BBB(lka)(EXP)’.

Kalu Ganga project to be vested with the people tomorrow

Kalu Ganga project to be vested with the people tomorrow »

6 Nov, 2019

Sri Lanka will mark the completion of Kalu Ganga Reservoir project with President Maithripala Sirisena opening the sluice gates of the reservoir tomorrow (7). The Kalu Ganga Reservoir Project comes under the mega Moragahakanda – Kalu Ganga Multi-Purpose Development Project, considered to be the irrigation marvel of the 21st Century.

Southern Expressway extension to be open tomorrow

Southern Expressway extension to be open tomorrow »

6 Nov, 2019

According to the Road Development Authority, the Southern Expressway Extension will open tomorrow. The Andarawewa is interchanging and extending via Hambantota to Mattala.

Sri Lankan IT/BPM Companies Participate at the CEBIT Australia – 2019 Exhibition in Sydney

Sri Lankan IT/BPM Companies Participate at the CEBIT Australia – 2019 Exhibition in Sydney »

6 Nov, 2019

Consulate General of Sri Lanka in Sydney in collaboration with the Export Development Board (EDB) and the Information and Communication Technologies Authority (ICTA) organized a Country Pavilion at the CeBIT Australia from 29 to 31 October 2019 at the International Convention Centre, Sydney.

Sri Lanka`s Participation at Digital Thailand- Big Bang 2019

Sri Lanka`s Participation at Digital Thailand- Big Bang 2019 »

6 Nov, 2019

The Department of Commerce Sri Lanka, jointly with the Sri Lanka Embassy in Bangkok, Thailand, using its trade promotional funds, for the first time has organized Sri Lanka`s participation in Digital Thailand - Big Bang 2019 exhibition held in Bangkok Thailand from October 28-31.

Korea grant USD 30 million to establish National Center of e-Content Development for Computer Assisted Teaching

Korea grant USD 30 million to establish National Center of e-Content Development for Computer Assisted Teaching »

6 Nov, 2019

The Government of Republic of Korea has agreed to provide a concessional loan of USD 30 million (Approximately Rs.5,460 million) to establish National Center of e-Content Development for Computer Assisted Teaching in Sri Lanka.

32nd Annual Conference of ACSIC – 2019, Colombo Sri Lanka

32nd Annual Conference of ACSIC – 2019, Colombo Sri Lanka »

6 Nov, 2019

The Central Bank of Sri Lanka hosted the 32nd Annual Conference of Asian Credit Supplementation Institutions Confederation (ACSIC) – 2019, from

First Class Umpires in Sri Lanka Cricket presented with MCC Law Book

First Class Umpires in Sri Lanka Cricket presented with MCC Law Book »

6 Nov, 2019

Recently, Sri Lanka Cricket handed over the book ' Tom Smith's Cricket Umpiring and Scoring, ' which covers the Cricket Laws to its first-class umpires and umpire teachers.

Sri Lanka Wellness Tourism Sector Participation at the “World Travel Market (WTM) London 2019”

Sri Lanka Wellness Tourism Sector Participation at the “World Travel Market (WTM) London 2019” »

6 Nov, 2019

The wellness pavilion at the World Travel Market (WTM) 2019 was formally inaugurated with the ribbon-cutting and opening ceremony attended by H.E the High Commissioner of the Sri Lanka High Commission in UK, Sri Lanka Tourism Promotion Bureau, Sri Lanka Export Development Board and representatives from the participating companies of the Sri Lanka’s Wellness Tourism Industry.

EDB to hold first ever Sri Lanka Participation at Productronica 2019 in Germany for the Electronics and Electrical Sector

EDB to hold first ever Sri Lanka Participation at Productronica 2019 in Germany for the Electronics and Electrical Sector »

6 Nov, 2019

The Sri Lanka Export Development Board (EDB) is organizing a Sri Lanka pavilion at “PRODUCTRONICA 2019” from 12th – 15th November 2019 at MESSE MÜNCHEN, Germany with the assistance of Embassy of Sri Lanka in Germany and Consulate General of Sri Lanka in Frankfurt.

Under BOI Agreement a new 5-Star Hotel Project to be developed in Tangalle

Under BOI Agreement a new 5-Star Hotel Project to be developed in Tangalle »

6 Nov, 2019

The Board of Investment of Sri Lanka has signed an Agreement with LA’ MORE Hotel (Private) Limited to set up, conduct and operate a 176 key 5-Star hotel project in Tangalle. The project represents an investment of US$ 35 million and will employ a staff of 355 members at the property.

MUFG awards Scholarships to University of Colombo students

MUFG awards Scholarships to University of Colombo students »

6 Nov, 2019

MUFG Bank, the commercial banking entity of Mitsubishi UFJ Financial Group, has awarded scholarships to 17 undergraduates from the University of Colombo.

Police places two robots for drugs and explosives detection at Katunayake International Airport

Police places two robots for drugs and explosives detection at Katunayake International Airport »

6 Nov, 2019

For the first time in its history, the Police Narcotics Bureau deployed two new robots at the Katunayake International Airport. The two robots are deployed at the departure and arrival terminals at the airport, according to police reports.

ComBank & Hayleys Agriculture support SMEs with new leasing promo

ComBank & Hayleys Agriculture support SMEs with new leasing promo »

6 Nov, 2019

Business News from Sri Lanka:

Discounts of up to Rs 50,000, lower installments and reduced interest rates for the purchase of

Hakimi shines as Dortmund fight back to beat Inter

Hakimi shines as Dortmund fight back to beat Inter »

6 Nov, 2019

Borussia Dortmund defender Achraf Hakimi produced a blistering individual performance as he scored twice to help his side overhaul a two-goal deficit and beat Inter Milan 3-2 at home in their Champions League Group F clash on Tuesday.

South Africa Wins Campus Cricket 2019 title

South Africa Wins Campus Cricket 2019 title »

6 Nov, 2019

Participating in their fourth Red Bull Campus Cricket in six years, South Africa bowled over rivals Pakistan in a match full of amazing plays and surprises. Pakistan beat defending champions Sri Lanka by 9 runs earlier in the day to make it to the finals where South Africa was already positioned and awaiting a challenger.

Showery condition is forecast to decrease temporarily today

Showery condition is forecast to decrease temporarily today »

6 Nov, 2019

The island's showery condition is forecast to decrease temporarily to some degree today. However, afternoon thundershowers can be held in a few places in the provinces of Sabaragamuwa, Uva and Southern and in the district of Kaluthara.

Pan Asia Bank recognized at Presidential Environment Awards 2019 for winning the ‘Global Climate Partnership Award’

Pan Asia Bank recognized at Presidential Environment Awards 2019 for winning the ‘Global Climate Partnership Award’ »

5 Nov, 2019

Pan Asia Bank took centre-stage at the high-profile ‘Presidential Environment Awards 2019’, held on 29th October 2019, at the Nelum Pokuna Mahinda Rajapaksa Theatre, on which occasion, the President of Sri Lanka, His Excellency Maithripala Sirisena, recognized the bank for winning the prestigious Global Climate Partnership Award which was won in June 2019 for the bank’s green lending efforts.

Nations Trust Bank Partners With Cinnamon Life’s “Jazz By The Lake”

Nations Trust Bank Partners With Cinnamon Life’s “Jazz By The Lake” »

5 Nov, 2019

Nations Trust Bank American Express and Nations Trust Bank Private Banking have partnered with Cinnamon Life to bring you“Jazz by the Lake”, which is set to be Colombo’s most exclusive and elegant jazz event. The first “Jazz by the Lake” event soothed Colombo’s souls on the 20th of October 2019 at Cinnamon Lakeside.

ComBank receives Best Bank award from Global Finance for 19th time

ComBank receives Best Bank award from Global Finance for 19th time »

5 Nov, 2019

The Commercial Bank of Ceylon was recently presented the award for ‘Sri Lanka’s Best Bank in 2019’ by the USA-based Global Finance magazine at the 26th Annual Best Bank Awards Ceremony held at the National Press Club in Washington, DC on the sidelines of the annual meetings of the IMF and World Bank.

BOC initiates an international symposium on Innovative Banking – INNOVBANK

BOC initiates an international symposium on Innovative Banking – INNOVBANK »

5 Nov, 2019

Bank of Ceylon as the leading commercial bank in Sri Lanka commemorating its 80th anniversary this year unveiled a symposium on Innovative Bankingon 04th November 2019, which is a first-of-its-kind in the industry, under the theme “Innovative Banking in a smart world”.

IMF Executive Board Completes the Sixth Review of Sri Lanka’s Extended Arrangement

IMF Executive Board Completes the Sixth Review of Sri Lanka’s Extended Arrangement »

5 Nov, 2019

Executive Board of the International Monetary Fund (IMF) completed the Sixth Review of Sri Lanka’s economic performance under the program supported by an extended arrangement under the Extended Fund Facility (EFF).

Sri Lanka economy remains vulnerable to adverse shocks: IMF

Sri Lanka economy remains vulnerable to adverse shocks: IMF »

5 Nov, 2019

Sri Lanka’s economy remains vulnerable to adverse shocks given the high public debt and low reserves, the International Monetary Fund (IMF) stressed.

Pan Asia Bank grows operating profit by 36% to cross Rs. 1 billion PAT in first 9 months

Pan Asia Bank grows operating profit by 36% to cross Rs. 1 billion PAT in first 9 months »

5 Nov, 2019

Pan Asia Banking Corporation PLC demonstrated a robust performance amidst challenging macroeconomic conditions and reported a strong operating profit before all taxes of Rs. 780.67 million for Q3 with a growth of 36%.

In the first half of 2019, Sri Lanka FDI dropped: service and infrastructure dips

In the first half of 2019, Sri Lanka FDI dropped: service and infrastructure dips »

5 Nov, 2019

The Central Bank says that Foreign Direct Investment (FDI) including loans to projects approved by the Board of Investment (BOI), decreased by 61.3 percent during the first half of 2019 compared with the same period last year.

Fitch affirms Melstacorp & Distilleries at ‘AAA(lka)’; outlook stable

Fitch affirms Melstacorp & Distilleries at ‘AAA(lka)’; outlook stable »

5 Nov, 2019

Fitch Ratings has affirmed the National Long-Term Ratings of Sri Lanka-based conglomerate, Melstacorp, and its subsidiary, Distilleries Company, at ‘AAA(lka)’. The Outlook is Stable.

Central Bank says Sri Lanka economy to grow 3.5-pct in 2020

Central Bank says Sri Lanka economy to grow 3.5-pct in 2020 »

5 Nov, 2019

In 2020, a new Central Bank report says, the Sri Lankan economy is projected to grow by about 3.5 percent in real terms. "Growth is expected to be broad-based and all major economic activities should make a positive contribution," he says.

Recent Economic Developments: Highlights of 2019 and Prospects for 2020

Recent Economic Developments: Highlights of 2019 and Prospects for 2020 »

5 Nov, 2019

The Sri Lankan Central Bank released its publication- "Recent Economic Developments: Highlights of 2019 and Prospects for 2020" online. An overview of the Sri Lankan economy's performance in 2019, as reflected in this publication, is given below

ComBank hosts awareness programmes for 150 Biz Club members and entrepreneurs

ComBank hosts awareness programmes for 150 Biz Club members and entrepreneurs »

5 Nov, 2019

The Commercial Bank of Ceylon recently hosted two Customer Awareness Programmes in Colombo and Negombo as part of the Bank’son-going initiative to support and empower members of its Biz Club and entrepreneurs in the SME sector.

New network member logo unveils for qualified chartered accountants

New network member logo unveils for qualified chartered accountants »

5 Nov, 2019

CA Sri Lanka applauded Chartered Accountants Worldwide (CAW) for building international recognition of the Chartered Accounting qualification through the launch of an exclusive network member logo.

Kingsbury Hotel to redesign spaces with unique dining experiences under BOI deal

Kingsbury Hotel to redesign spaces with unique dining experiences under BOI deal »

5 Nov, 2019

The Investment Board of Sri Lanka has signed a supplementary agreement with the Kingsbury PLC to extend and renovate the hotel at Colombo 1. The agreement was signed on behalf of the company by BOI Chairman Mangala Yapa and Managing Director Rohan Karr, Hayleys Leisure Group.

Showery condition over the island is expected to reduce from tomorrow

Showery condition over the island is expected to reduce from tomorrow »

5 Nov, 2019

Tomorrow is expected to decrease temporarily to some degree the showery situation over the island. However, afternoon thundershowers are possible at a few places in the provinces of Sabaragamuwa, Uva, and Southern. Misty conditions can be expected in the morning at some locations in the provinces of Western, Sabaragamuwa, Central, Southern and Uva.

Arogya Farm recognized at Mahaweli Entrepreneurship Presidential Awards 2019

Arogya Farm recognized at Mahaweli Entrepreneurship Presidential Awards 2019 »

4 Nov, 2019

With the motive of providing high quality fresh, delicious and nutritional eggs to the Sri Lankan market, Arogya Farm Pvt Ltd was recently awarded second place in the ‘Livestock Sector’ category (Large Scale) at the Mahaweli Entrepreneurship Presidential Awards 2019 held on the 01st October at the BMICH.

BIA upgrades  Aero Mobile Centre with new flight data processing system

BIA upgrades Aero Mobile Centre with new flight data processing system »

4 Nov, 2019

Airport and Aviation Services (Sri Lanka) Limited (AASL) has recently installed an upgraded Flight Data Processing System (FDPS) to tackle the rapid growth in flight space air traffic under its purview, AASL said in a news release.

Trinco Port set to double capacity with night navigation

Trinco Port set to double capacity with night navigation »

4 Nov, 2019

In keeping with Ports, Shipping and Southern Development Minister Sagala Ratnayaka’s promise to install night navigation at the Trincomalee Port before the end of this year, the Sri Lanka Ports Authority (SLPA) says it has successfully completed the project. The Trincomalee Harbour, a natural deep-water harbor is considered the fifth-largest natural harbor in the world.

Showers expected  at several places in Western, Sabaragamuwa, Central, Southern and Uva

Showers expected at several places in Western, Sabaragamuwa, Central, Southern and Uva »

4 Nov, 2019

Showers or thundershowers will occur at several places in Western, Sabaragamuwa, Central, Southern and Uva provinces and in Anuradhapura, Kurunegala, Batticaloa and Ampara districts after 1.00 p.m. Misty conditions can be expected at some places in Western, Sabaragamuwa, Central, Southern and Uva provinces during the morning.

Sri Lanka Cricket ‘Coach Educators’ at ICCA Global Level 3 Course

Sri Lanka Cricket ‘Coach Educators’ at ICCA Global Level 3 Course »

4 Nov, 2019

The International Cricket Council has invited two of Sri Lanka Cricket’s (SLC) ‘Coach Educators’ to be a part of its ‘Resource Panel’ to conduct the ICCA Global Level 3 Course of 2019, which is currently underway in Dubai.

LAUGFS Power Limited begins trading at CSE

LAUGFS Power Limited begins trading at CSE »

3 Nov, 2019

Business News from Sri Lanka: LAUGFS Power Limited rang the market opening bell to celebrate the listing of its shares at the Colombo Stock Exchange (CSE) recently.

Hambantota International Port partners with NYK Japan

Hambantota International Port partners with NYK Japan »

18 Oct, 2019

The Hambantota International Port Group (HIPG) has entered into a Terminal Service Agreement (TSA) with Japanese Shipping Conglomerate NYK, the first RoRo specific TSA entered into by the shipping line with a Sri Lankan Port.

SriLankan Airlines clinches South Asia’s No 01 slot again

SriLankan Airlines clinches South Asia’s No 01 slot again »

18 Oct, 2019

SriLankan Airlines was adjudged the ‘Leading International Airline’ in South Asia for the third consecutive year at the South Asian Travel Awards 2019 (SATA) and also bagged the ‘Leading Airline Passenger Class – Business’ award for the third year running, beating out many top airlines in the region.

Uber Eats marks first anniversary as online sales grow

Uber Eats marks first anniversary as online sales grow »

18 Oct, 2019

Uber Eats, an on-demand food delivery app, has delivered more than 3 million orders and completed its first successful year of operations in Sri Lanka to become a dominant player in the market. Launched in Colombo in 2018, Uber Eats is committed to make eating effortless at any time and for anyone in Sri Lanka by offering a diverse set of 34 cuisines on the app. In less than 12 months, Uber Eats has expanded to two cities across the island.

Embassy of Sri Lanka holds meeting with Mr. Saleh S. Al Solami, Secretary General of Saudi Export Development Authority (SEDA)

Embassy of Sri Lanka holds meeting with Mr. Saleh S. Al Solami, Secretary General of Saudi Export Development Authority (SEDA) »

18 Oct, 2019

H.E the Ambassador Azmi Thassim held a meeting with Mr. Saleh S. Al Solami, Secretary General of Saudi Export Development Authority at SEDA in Riyadh on 6th October 2019 to discuss on the Saudi Export Program and the using of the available facilities by the Sri Lankan companies

Concrete Electric Poles Manufactured In Sri Lanka Under Boi Agreement Result In Import Substitution And Environmental Benefits

Concrete Electric Poles Manufactured In Sri Lanka Under Boi Agreement Result In Import Substitution And Environmental Benefits »

18 Oct, 2019

The Board of Investment of Sri Lanka signed a supplementary agreement with M/s Senaka Zenn (Private) Limited to set up a project to manufacture pre-stressed spun concrete electrical poles, piles and railway sleepers with improved technology, for both local and export markets. The Initial investment made by the Company was US$ 10.3 million.

The 9th EU-Sri Lanka investment dialogue held at MODSIT strengthens economic relations

The 9th EU-Sri Lanka investment dialogue held at MODSIT strengthens economic relations »

18 Oct, 2019

The Ministry of Development Strategies and International Trade hosted the 9th European Union – Sri Lanka Investor Dialogue, an instrument set up in 2017 to resolve issues faced by investors from the European Union operating in Sri Lanka under the Board of Investment. The high-level meeting, which promotes bilateral cooperation between the Member States of the European Union and Sri Lanka,

Participation of Sri Lankan Companies at Supply Side West 2019 Exhibition

Participation of Sri Lankan Companies at Supply Side West 2019 Exhibition »

18 Oct, 2019

Indira Malwatte, Chairperson & Chief Executive of EDB and the Commissioner General of Sri Lanka for Expo 2020 Dubai together with the private sector stakeholders; Secretary Generals of the National Chamber of Exporters and National Chamber of Commerce of Sri Lanka, Shiham Marikkar and Bandula Dissanayake and the Co- Chair Planning Sub Committee of Expo 2020 Dubai,

8000 Students To Be Recruited To Colleges Of Education

8000 Students To Be Recruited To Colleges Of Education »

18 Oct, 2019

Initiatives were taken to recruit 8,000 students to National Education Colleges. Such 8000 students were eligible to research the National Colleges of Education's Teaching Science Diploma. All recruitments will be made in two categories based on the results of the Advanced Levels of 2016 and 2017.

Flight operations between Jaffna – Chennai commences from early next month

Flight operations between Jaffna – Chennai commences from early next month »

18 Oct, 2019

The Civil Aviation Authority states that from 1 November flight operations between Jaffna and Chennai will begin.

New Police Station to Pansiyagama open

New Police Station to Pansiyagama open »

18 Oct, 2019

A new Polpithigama Zone Police Station was opened in Pansiyagama with the participation of  Governor Peshala Jayaratne of the North Eastern Province recently. This was the project's 498th Police Station to set up 600 Police Stations in Sri Lanka to provide an efficient and effective service.

Showery condition is expected to enhance several places in island today and tomorrow

Showery condition is expected to enhance several places in island today and tomorrow »

18 Oct, 2019

The condition of the shower is expected to improve to some extent in most parts of the island, especially in today's and tomorrow's western, central, Sabaragamuwa and northwestern provinces.

Possibility for afternoon thundershowers is still high over most parts of the island

Possibility for afternoon thundershowers is still high over most parts of the island »

17 Oct, 2019

Over most parts of the island, the possibility of afternoon thundershowers is still strong. Showers or thundershowers will take place in most parts of the island, especially after 2 p.m. Showers will also take place in the morning in the Uva and Southern provinces.

Sri Lanka holds meeting with Mr. Saleh S. Al Solami, SG of SEDA

Sri Lanka holds meeting with Mr. Saleh S. Al Solami, SG of SEDA »

17 Oct, 2019

H.E the Ambassador Azmi Thassim held a meeting with Mr. Saleh S. Al Solami, Secretary General of Saudi Export Development Authority at SEDA in Riyadh on 6th October 2019 to discuss on the Saudi Export Program and the using of the available facilities by the Sri Lankan companies

HNB felicitates employees who completed 25 years of service

HNB felicitates employees who completed 25 years of service »

16 Oct, 2019

Sri Lanka’s leading private sector bank, HNB PLC organized a ceremony recently to felicitate their employees who completed 25 years of service in the Bank. HNB organized a gala event to recognize 146 employees who had joined the Bank in 1993. This annual event, highly anticipated in HNB’s calendar, was attended by HNB Managing Director and CEO Jonathan Alles, Chief Operating Officer, Dilshan Rodrigo, Head of Human Capital Management, Indrajith Senadhira and other members of the Corporate Management.

Amana Bank Launches Business Plus

Amana Bank Launches Business Plus »

16 Oct, 2019

Towards facilitating the growing needs of SMEs and business enterprises, Amana Bank recently launched a specialized banking platform titled Amana Bank Business Plus. Amana Bank Business Plus is a platform tailor made for business owners offering a banking relationship that ensures not only peace of mind on their finances but also allowing them to invest more time to focus and grow their business.

BOC Commemorates its 80th Anniversary with “BOC Haritha Arana”- 100 Hectare 80,000 Tree planting Project

BOC Commemorates its 80th Anniversary with “BOC Haritha Arana”- 100 Hectare 80,000 Tree planting Project »

16 Oct, 2019

In response to the Government’s island-wide program-“Wana Ropa” to add 2889 hectares to national forest cover and also to commemorate the 80th Anniversary of the Bank, the Bank of Ceylon has itself committed to restoring a hundred hectares of degraded forest in Hurulu Conservation Forest as “BOC Haritha Arana”.

Jungle Beach by Uga Escapes and Ulagalla by Uga Escapes Named Winners of Luxury Lifestyle Awards 2019

Jungle Beach by Uga Escapes and Ulagalla by Uga Escapes Named Winners of Luxury Lifestyle Awards 2019 »

16 Oct, 2019

Uga Escapes, one of Sri Lanka’s most celebrated hospitality groups that prides itself with five splendid properties; Ulagalla, Jungle Beach, Uga Bay, Residence and Chena Huts has brought several international and national awards home over the years. Adding to their latest achievements, Uga Escapes once again emerged victorious when two of their properties, Jungle Beach by Uga Escapesand Ulagalla by Uga Escapeswere announced as winners at the 11th Annual ‘Luxury Lifestyle Awards 2019’ in the category of The Best Luxury Hotel in Sri Lanka.

447 Luna Tower celebrates topping up of tower on schedule

447 Luna Tower celebrates topping up of tower on schedule »

16 Oct, 2019

447 Luna Tower recently marked the topping up of its tower with a traditional ceremony. The project is part of a key multi-million-dollar investment portfolio in Sri Lanka by Belluna Co. Ltd and Asia Capital PLC. Belluna Co. Ltd is reputed as one of Japan’s foremost real-estate giants with a strong track record and global presence.

Healthguard celebrates World Pharmacist Day 2019

Healthguard celebrates World Pharmacist Day 2019 »

16 Oct, 2019

Sri Lanka’s leading Health and Beauty retail chain, Healthguard—a subsidiary of Sunshine Healthcare Lanka Limited—recognised their eminently-qualified pharmacists recently, in honour of World Pharmacist Day 2019. A special event was organised at the Healthguard Training Centre in Colombo 03, which brought together all outlet supervisors along with the management team of Healthguard.

Royal Cashews conferred with ‘Gold Star’ at Lanka Star Awards – 2019

Royal Cashews conferred with ‘Gold Star’ at Lanka Star Awards – 2019 »

16 Oct, 2019

Royal Cashews (www.royalcashew.lk) Sri Lanka’s first and foremost Industrialized cashew processing company ( ISO 22000 , HACCP , ISO 14001 Certified ) was conferred with a Gold Star at the ‘Lanka Star Awards – 2019’the annual award ceremony that recognize the cream of packaging in a particular year.

Sunquick introduces evolutionary 2-liter canister for the first time in the world along with a brand new ready to drink product range

Sunquick introduces evolutionary 2-liter canister for the first time in the world along with a brand new ready to drink product range »

16 Oct, 2019

Loved by millions all across the country, Sunquick has retained its position as the leading fruit drink in Sri Lanka for decades, and recently the brand introduced yet another novelty for the enjoyment of its loyal fans. For the first time in the world, Sunquick introduced a brand new 2-liter light-weight PET bottle complete with a 12-month shelf-life, handle and facilities for a pump, at a launch ceremony held on the 3rd of October 2019 at the Shangri La in Colombo.

Amana Bank amongst LMD’s Most Respected

Amana Bank amongst LMD’s Most Respected »

16 Oct, 2019

Amana Bank, Sri Lanka’s torchbearer of non interest based participatory banking, was recognized amongst the Most Respected Entities in Sri Lanka in LMD’s fifteenth annual edition of ranking the country’s most respected entities.

A Real-time and Online Payment Facility for BOI Customers

A Real-time and Online Payment Facility for BOI Customers »

16 Oct, 2019

The Board of Investment of Sri Lanka has taken another significant step forward to provide further convenience to the customers. This initiative is facilitated via LankaPay Online Payment Platform, a real-time and online payment platform of LankaClear. Such an initiative on the part of BOI clearly signifies the importance BOI places on providing a more efficient and convenient service to its customers.