Dulan de Silva honored by UN Friendship Organization
Dulan de Silva, Executive Chairman of Give2Lanka, former Executive Chairman of Berendina Group and founder of CEO SEEDS was nominated an Honorary Fellow of the United National Friendship Organization...
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Emirates offers Iftar service for Ramadan
Emirates is bringing back its Iftar service for customers travelling during the holy month of Ramadan. The special boxes have been re-designed and will be available across all cabin classes on select...
View ArticleSunshine Holdings’ packaging arm to expand with FDI infusion of US$ 2 million
Total FDI attracted by group companies of the diversified conglomerate thus far in 2016 increases to US$ 5 million The packaging arm of the diversified Sunshine Holdings conglomerate – Sunshine...
View ArticleDFCC Bank Expands Reach By Joining The LankaPay Common ATM Network
In keeping with its commitment to deliver unparalleled service and convenience to customers, DFCC Bank recently joined the LankaPay Common ATM Switch (CAS), operated by Lanka Clear Ltd – Sri Lanka’s...
View ArticleCeylinco Life’s Life Fund crosses Rs 70 billion in just 28 years
Ceylinco Life has announced that the company’s Life Fund crossed Rs 70 billion at end April 2016, making it the only local life insurer to achieve the feat in just 28 years. The country’s life...
View ArticleGreen Energy Champion Sri Lanka deadline nearing
The German Ministry of Foreign Affairs together with The Ministry of Power and Renewable Energy of Sri Lanka, and the project implementing partner Deutsche Gesellschaft für Internationale...
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361 Degrees renews focus on MICE via new website
361 Degrees, Sri Lanka’s leadingcognitive experiences partner, has expanded their brand MICE.lk with the re-launch of their very own website MICE.lk, having been in the industry and grown actively for...
View ArticleSri Lankan shares hit 4-wk closing low; rising rates weigh
Reuters – May 26 Sri Lankan shares closed at a four-week low in thin trade on Thursday, led by blue chips amid foreign investor outflow as investor sentiment took a hit on rising interest rates despite...
View ArticleHemas Holdings PLC posts 37.7% Earnings growth for 2015-16
Hemas Holdings PLC (HHL) and its subsidiaries achieved consolidated revenues of Rs.37.9Bn, a year-on-year (YoY) growth of 16.9% for the twelve months ended March 31, 2016. During this period operating...
View Article‘Sri Lanka pulse imports rising fast’-Rishad at Global Confab
As Sri Lankan’s hunger for pulses and lentils continues to grow, the country now annually imports pulses exceeding $70 Mn and even at 100Mn-and the bulk of it being the well-known staple ‘red lentils’,...
View ArticleCICT becomes first terminal operator in Colombo to use e Boat Notes
Collaborates with Sri Lanka Customs to reduce paper in export documentation Colombo International Container Terminals (CICT) has become the first terminal operator in the Port of Colombo to implement...
View ArticleSri Lankan shares end steady; higher rates weigh
Reuters – May 27 Sri Lankan shares ended steady on Friday as gains led by consumer shares were offset by losses in the telecom stocks amid investor sentiment dented by foreign outflow and rising...
View Article12th World Islamic Economic Forum Returns to Jakarta
Forum sets stage for dialogue to empower businesses to be more resilient in a challenging economic climate Jakarta will host The 12th World Islamic Economic Forum (WIEF) for the second time, following...
View ArticleIndonesia-Sri Lanka Agrees to Boost Economic Partnerships
Jakarta. President Joko “Jokowi” Widodo has met with Sri Lankan President, Maithripala Sirisena, in Nagoya, Japan, Thursday (26/05), ahead of the Group of Seven (G7) outreach meeting in Ise-Shima...
View ArticleDFCC Bank to go beyond relief to rebuild
DFCC to offer low-cost personal and business loans to flood affected individuals and enterprises Friday, 27 May 2016, Colombo: DFCC Bank is to launch an initiative to help flood victims as they...
View ArticleIs the rise in VAT a tax on jobs?
In May 2016, the standard rate of value added tax (VAT) jumped from 11% to 15%. The Sri Lankan economy will thus have to adjust to this higher rate but what are some of the possible macroeconomic...
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Sri Lanka’s popular Toyota Prius price races ahead
The prices of vehicle came in for revision with the introduction of a unit tax for every vehicle imported into Sri Lanka. While the prices of certain vehicles have seen a huge increase, the levies...
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Airtel Lanka – one of the first organizations to extend its support towards...
~ Relief given to the people of Kolonnawa, Dematagoda, Meethotamulla and Wellampitiya areas, amidst the height of bad weather Bharti Airtel, a leading global telecommunications company with operations...
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VirtusaPolaris sheds light on big data research
Organised by VirtusaPolaris, the Big Data Meetup aims to bring together people from all industries who are interested in dealing with large amounts of data. The forum allows for lively debate and the...
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Senior bankers hosted by Altair
Some of Sri Lanka’s most senior bankers came together recently at a networking dinner hosted by Indocean Developers, the promoter of the Altair luxury high-rise development in Colombo 2. The group...
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