Travel News from Sri Lanka: In the wake of the Easter bomb blasts, the amount of foreign visitors has now increased and a large number of them are engaged in rafting, tourist guides in Kitulgala said Yatiberiya. After the Easter Sunday attacks, foreign visitors have not arrived in Sri Lanka,...
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Business News from Sri Lanka: Consolidating its reputation as one of Sri Lanka’s most dynamic telcos and the preferred brand for young Sri Lankans, Airtel Lanka announced another exceptional performance at the recently concluded CMO Asia Awards 2019, bringing home a total of three awards. In addition to being presented...
Read moreBusiness News from Sri Lanka: CavinKare, one of India's leading FCMG conglomerates, recently started local manufacturing activities for its famous hair color brand, Indica Easy, opening a state-of-the-art plant in Horana's BOI Zone. The launch of the manufacturing plant in Horana marks the re-entry of Indica Easy with its broad...
Read moreBusiness News from Sri Lanka: Cream Soda, Necto and Orange Crush, Sri Lanka's most beloved and iconic drink brands, merged the classic ice cream flavour and introduced a new variety of ice cream popsicles–Cream Soda ICE, Necto ICE and Orange Crush ICE. Manufactured by Elephant House, one of the nation's...
Read moreBusiness News from Sri Lanka: Hilton Colombo Residences has introduced its new "Soap for Hope" soap recycling initiative Hilton Colombo Residences will partner with sister hotels Hilton Colombo, Waldorf Astoria Maldives Ithaafushi and Conrad Maldives Rangali Island to obtain partially used soap bars from them for recycling, after which the...
Read moreBusiness News from Sri Lanka: The FOT 2019 summit this year will feature an exclusive line-up of speakers and in-depth talks with top marketers in the destination and experts in the travel industry. The summit will kick off with a special discussion with Richard Quest (CNN Correspondent and host of...
Read moreBusiness News from Sri Lanka: Hemas Travels, a fully-owned subsidiary of the diversified conglomerate Hemas Holdings opened its very first suburban branch in Nawala. The opening ceremony was held under the patronage of Group Director Imtiaz Esufally, Managing Director of Leisure, Travel and Aviation Sector Malinga Arsakularatne and Chief Operations...
Read moreBusiness News from Sri Lanka: Sarvodaya Development Finance (SDF), a licensed Finance Company authorized by Sri Lanka's Central Bank, participated in the Thornton Hike Event Management Company's first-ever hiking competition, "Thornton Hike 2019." The 2019 Thornton Hike, a trip through Sri Lanka's wilderness, has been organized to help raise much-needed...
Read moreBusiness News from Sri Lanka: Sri Lanka’s leading Systems Integrator and Information Systems Provider Millennium I.T. E.S.P. (Pvt) Ltd., (Millennium IT ESP) announced the launch of its new corporate brand identity, its purpose, redesigned logo, and values. “Millennium IT ESP is now well poised to serve customers and partners better...
Read moreBusiness News from Sri Lanka: At the 2019 Inter Insurance Company Quiz Competition, LOLC Life Assurance emerged as winners by defeating some of the strong industry contenders. The Sri Lanka Insurance Institute organized the contest and recently took place at the Sri Lanka Foundation Institute. The event was arranged to...
Read moreBusiness News from Sri Lanka: In line with the new corporate strategy, we plan to reposition DIMO to grow competitively and profitably considering the challenges of the future said Chairman and Managing Director Ranjith Pandithage. “This will include new brand identity, a new brand framework, and a new set of...
Read moreBusiness News from Sri Lanka: The smartphone brand OPPO was identified as the 2019 Phone Manufacturer of the Year by the WhistleOut comparison site. The Best Phone Design for 2019 was also awarded to the OPPO Reno5G. The WhistleOut Awards recognize and highlight the telecommunications businesses that have continuously delivered...
Read moreBusiness News from Sri Lanka: Recently, Hemas Hospitals established its first facility in Mahe, Seychelles, overseas. The facility is the first fully-fledged laboratory to be developed outside the country by a Sri Lankan hospital chain, offering an extensive portfolio of over 3,000 medical tests. Well equipped with the newest technology...
Read moreBusiness News from Sri Lanka: The Commercial Bank Group has reported operating profit before impairment charges and taxes of Rs 19.476 billion for the first half of 2019, a 9.45% increase over the same period of 2018. Sri Lanka’s benchmark private bank, the Commercial Bank of Ceylon PLC, its subsidiaries...
Read moreBusiness News from Sri Lanka: Leading Sri Lankan Life Insurer, Janashakthi Insurance PLC (Janashakthi), recorded impressive year on year growth of 20% in Gross Written Premium (GWP) for the six months ended 30th June 2019, ending the period with a GWP Rs. 1.74 billion. The Company illustrated its commitment to...
Read moreBusiness News from Sri Lanka: Teejay Lanka PLC, one of the largest knit fabric providers in South Asia, has announced an extension of its support to the University of Moratuwa for another two years, further strengthening a long-standing and mutually beneficial partnership. A memorandum of understanding first signed in 2014...
Read moreBusiness News from Sri Lanka: During the quarter ended June 30, 2019, Softlogic Holdings top line saw a 7 percent increase to Rs. 17.1 billion following the decrease in customer demand and company sentiments. Retail (49%), Financial Services (22%) and Healthcare Services (20%) were the top contributors to Group income....
Read moreFinancial News from Sri Lanka: To close the quarter with a bottom line of Rs 162.2 million, the Amãna Bank achieved a commendable 29%  YoY growth in Profit After Tax for Q2 compared to Rs 125.5 million recorded in the corresponding period of 2018. Despite the higher tax regime applicable to...
Read moreBusiness News from Sri Lanka: Osaka Property Developers launched Osaka Heights in Kirulapone, another super luxury housing scheme. The huge residential apartment project comes as a joint venture with Leeway Developers, India's leading building firm with 20 years of real estate and villas and high-rise building experience. San Pilings, a...
Read moreBusiness News from Sri Lanka: The e-commerce platform of the D. Samson & Sons (Pvt) Ltd, DSI Footcandy secured the Silver Award for the Best E-Commerce Website at the bestweb.lk awards held by LK Domain Registry, recently. DSI Footcandy serves as the only e-marketing platform in the country, which was...
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