Business News
DFCC Bank offers benefits for vehicle permit holders
DFCC Bank is expanding advantages for vehicle permit holders in its recent offering. In addition to offering zero margins and concession commission for Letters of Credit (LCs), DFCC provides financing help...
Read moreIn the first quarter of 2019, the Sri Lankan Ports Authority made Rs10.5bn profit.
In the first four months of 2019, the Sri Lankan Ports Authority, which operates the island's merchant shipping harbors, produced a profit of 10.5 billion rupees, the finance ministry...
Read moreExports of tea are gaining in May.
Sri Lankan tea exports totaled 26.6 M / kgs for the month of May 2019, demonstrating an increase of 3.5 M / kgs compared to 23.07 M / kgs for...
Read moreSampath Bank completes 100% percent rights issue subscriptions.
Sampath Bank announced in a stock exchange filing that the Board of Directors was effective in allocating all the stocks remaining unsubscribed at the close of the Company's rights issue....
Read moreADB project report in Sri Lanka funded by the Finance Initiative for Women Entrepreneurs.
Asian Development Bank (ADB) President Takehiko Nakao submitted a report to Japanese Prime Minister Shinzo Abe on an ADB project in Sri Lanka funded by the Women Entrepreneurs Finance Initiative...
Read moreTrendy Hub has recently launched its flagship store at Colpetty.
Trendy Hub has recently launched its flagship store at Colpetty. Trendy Hub on Galle Road nearby to Aloe Avenue. Customers and well-wishers and cricketer Mahela Jayawardena visited the opening as...
Read moreThe Ceylon Chamber of Commerce (CCC) appointed Dr. Hans Wijayasuriya as its new chairman
At its 180th AGM on Friday, the Ceylon Chamber of Commerce (CCC) appointed Dr. Hans Wijayasuriya as its new chairman. Dr. Wijayasuriya, Corporate Executive Vice President and Regional Chief executive...
Read moreAirtel presents a product that changes the game
Airtel Lanka has introduced a new product offering unlimited voice calls in a move that is set to revolutionize the telecom industry. With a price point of Rs 98, many...
Read moreAMW launches Big Brother Swift, CROSSOVER SUZUKI BALENO 201
Associated Motorways (Private) Limited (AMW), the pioneer and frontrunner in the automotive sector in Sri Lanka, ceremoniously launched the Brand New Suzuki BALENO CROSSOVER on June 24, 2018, at their...
Read moreTwo prestigious prizes were awarded for digital loans via mCash
Demonstrating the rising use of digitally-backed products and services in the financial services space, Mobitel and LOLC Finance PLC partnered to offer Digital Loans for the First Time in Sri...
Read more' PickMe Pramuka ' Co-operative Insurance Loyalty Program
PickMe, Sri Lanka’s own technology-driven transportation network launched a driver loyalty programme themed ‘PickMe Pramuka’ at a ceremony held at the Grand Monarch in Thalawathugoda. The programme provides PickMe’s driver...
Read moreINSEE Ecocycle expands the services of waste management to BOI
After a decade of successful operations with the Board of Investment - Sri Lanka, INSEE Ecocycle Lanka, the waste management subsidiary of INSEE Cement, the country’s premier Cement manufacturer, recently...
Read moreSupport for the growth of digital infrastructure for the freelance community
The government is making an effort to provide necessary legal or infrastructure support to develop the freelancing community as well as the startup culture in Sri Lanka, Digital Infrastructure and...
Read moreTeam NSB Carrom wins twin awards
NSB carrom players Yohan Sampath and Asela Soysa bagged double title at the recently concluded Nationalized Services Novices Tournament. Yohan won the singles championship beating his Bank of Ceylon opponent...
Read moreKandalama's heritage turns 25
Heritance Kandalama owned and operated by Aitken Spence Hotels is celebrating 25 years. A green building was unheard of 25 years ago, let alone a five-star deluxe hotel property with...
Read moreComBank starts accepting LankaPay-JCB cards
Ceylon's Commercial Bank has become one of the first banks in Sri Lanka to accept co-branded LankaPay JCB (Japan Credit Bureau) cards issued under the domestic card system. This follows...
Read moreThe Governor of the Central Bank focuses on growth rates
In a recent discussion with the KPMG team, Central Bank Governor Dr. Indrajit Coomaraswamy affirmed that if Sri Lanka continues on this favorable route, the nation can achieve 6 percent...
Read moreICRA National Bank of Savings [ Sl ] AAA rates
ICRA Lanka Limited, a subsidiary of ICRA Limited, a Moody's Investors Service group company, has allocated to the National Savings Bank (NSB or Bank) the issuer score of AAA (Pronounced SL triple A) with a stable perspective. The rating takes note of the 100% Government of Sri Lanka (GoSL) ownership, which provides a strong likelihood of sovereign support and, the 100% explicit guarantee provided by the...
Read moreWhy should an exporter apply for an Export Award?
The prestigious Annual Export Awards of the National Chamber of Exporters (NCE) will be held on September 20 in the Main Ballroom of the Shangri-La Hotel in Colombo commencing at...
Read moreIndia Int'l Textiles Expo in Colombo from 29 July
Powerloom Council for Development and Export Promotions (PDEXCIL), established by the Textiles Ministry, Govt. The ' India International Textiles Expo ' (IIT Expo Colombo 2019) is organizing a cum buyer...
Read moreInflation drop in month of May
Headline inflation as measured by the year-on-year change in the National Consumer Price Index (NCPI, 2013=100)1 dropped from 3.6% in April 2019 to 3.5% in May 2019 due to the...
Read moreIn 2018, Lanka gained Rs.35,000 million from exports to Cinnamon
By exporting 17,500 metric tons of cinnamon last year, Sri Lanka gained Rs.35,000 million in foreign exchange. This is the biggest stock of cinnamon produced in the history of cinnamon...
Read moreCongratulations to the donors of blood
Minister of Health, Nutrition and Indigenous Medicine Dr. Rajitha Senaratne congratulated over 4,000 volunteer blood donors who turned up instantly to donate blood following the sequence of suicide bomb attacks on Easter Sunday, a spokesperson for the Health Ministry said. According to the spokesman, over 2,500 blood donors were present at the Narahenpita National Blood Transfusion Centre while over 1,500 turned up at the Negombo Hospital just after the...
Read more' More females will attract port automation '
A port sector specialist said that the present comprehensive port development programs in Sri Lanka will generate more job possibilities for females in the future. "With automation, women's possibilities to...
Read moreNominations are now open for e-Swabhimani 2019
The Digital Social Impact Awards launched e-Swabhimani calling for apps for 2019. E-Swabhimani is now in the process of acknowledging digital applications/solutions that have a favorable social impact, in line...
Read moreBOC opens new branch in Laggala Green Town
The Bank of Ceylon joined the newly constructed Laggala Green Town, replacing the ancient town submerged in the Moragahakanda Kalu Ganga reservoir project. Laggala Green Town was built on the...
Read moreSpecific SOE targets ; Govt signs an additional 10 SCIs
The government has set particular goals for state-owned enterprises (SOEs) to be accomplished by 2020-2021 through the Corporate Intent Statement (SCIs). 10 SOEs entered into SCIs with the Ministry of...
Read moreRihanna has appointed the wealthiest woman
Rihanna has emerged as the world's richest female musician, with a fortune that is considerably larger than that of Madonna, Céline Dion, and Beyoncé's great pop ladies. The 31-year-old, whose...
Read moreThaproban Beach House Unawatuna to invest in renovation
Thaproban Beach House, one of the first hotels to be built in the Unawatuna area, would be reinvested to enhance its products. Managing Director Thambapanni Leisure, (the owning company of...
Read moreThe 2018 ACCA Sustainability Awards for Union Assurance
Union Assurance emerged as the Winner in the Finance Services and Insurance Category at the ACCA Sri Lanka Sustainability Reporting Awards 2018 held on May 30. This is the 15th...
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