China begins construction of ‘world’s tallest’ dam

?AFP: China has begun building a 314-metre (1,030-ft) high dam which will be among the world’s tallest, officials said, as the country massively expands hydropower.

EU Commission proposes 7bn euro loan for Greece for July

?REUTERS: The European Commission is proposing to give a 7 billion euro (US $ 7.7 billion) bridge loan to Greece to cover the country’s financing needs in July using the European Financial Stability Mechanism (EFSM), according to document from the EU executive.

Bond stars, JK Rowling warn over future of BBC

?AFP: Celebrities including James Bond stars Daniel Craig and Judi Dench and Harry Potter author J.K. Rowling urged the British government yesterday to protect the “precious” BBC as it negotiates a new funding settlement.

British unemployment in surprise rise

?REUTERS: Britain’s unemployment rate climbed to 5.6 percent in the quarter ending in May, with the number of jobless up for the first time in over two years, data showed yesterday.

China’s Q2 GDP growth beats forecasts as stimulus kicks in

?AFP: China’s gross domestic product (GDP) expanded 7.0 percent year-on-year in the second quarter, official data showed yesterday, beating expectations as months of central bank policy stimulus helped support the world’s second-largest economy.

Serendib Flour Mills employees visit Canada for ‘Technical Exchange Programme’

Serendib Flour Mills, an innovator and trend setter, with your health at heart recently provided ten employees with the opportunity to participate in the ‘Serendib Flour Mills Technical Exchange Programme’ in Canada. The seven day programme was held in partnership with Cigi (Canadian International Grains Institute). The Serendib team comprised members from the milling, quality assurance, sales and marketing teams as well as members fr

Takas.lk ranked as the #1 Start-up in Sri Lanka

Takas.lk has been selected by the www.startupranking.com as Sri Lanka’s best start up based on the SR Score.  The score reflects the importance of a startup on the Internet and its social influence compared to it peers. Takas.lk has beaten more than 94 registered sites in Sri Lanka to take the top spot. Furthermore, there are more than 7000 registered sites that are currently being evaluated on startupranking.com from across the g

Hameedia launches Signature Wedding Promo

Continuously setting the benchmark in the fashion industry, Hameedia, Sri Lanka’s leading menswear specialist recently launched its Signature Wedding Promotion. Now customers purchasing a Signature Italiano suit, will also be entitled to a free scratch card, and will stand the chance to win a variety of exciting prizes. 

Hameedia opens largest Signature showroom in Kalmunai

Continuously setting the benchmark in the fashion industry, Hameedia, Sri Lanka’s leading menswear specialist recently opened its 8th Signature store in Kalmunai, making the Kalmunai showroom the largest Signature store in the country. The ceremonial opening was attended by the Municipality Mayor of Kalmunai and Senior Attorney Nizam Kariyapper, Fouzul Hameed - Managing Director, Hameedia and senior management and staff of as well as member

CEAT launches Tyre Care Clinics for leading corporate entities

?A new initiative to promote good tyre maintenance habits among motorists has been launched in Sri Lanka by CEAT Kelani Holdings, the company that manufactures half of the country’s tyre requirements.

Yamaha FZ V2.0 makes debut in Sri Lanka

?The trendy Yamaha FZ range of motorcycles saw the debut of its latest offering – the Yamaha FZ V2.0. Displayed at the Ceylon Motor Show, the latest member of the FZ family incorporates the latest technology, named ‘Blue Core’, by Yamaha.

BMW to introduce latest ‘i Series’ electric cars to Sri Lanka

The German-based automobile, motorcycle and engine manufacturing company BMW, one of the most eminent brands in the automobile industry, is to introduce its latest ‘i   Series’ electric cars to Sri Lanka.

Greece’s Tsipras scrambles to ready tough reforms package

REUTERS: Greek Prime Minister Alexis Tsipras raced yesterday to finalise a tough package with tax hikes and pension reforms due within hours if Athens is to win a new aid lifeline from creditors and avoid crashing out of the euro.

Gold climbs from 4-month low on Fed minutes, Chinese recovery

?REUTERS: Gold rose yesterday as a recovery in Chinese share prices cooled fears of a wider rout in the major bullion consumer, and after minutes from the Federal Reserve’s last meeting suggested caution towards a near-term increase in interest rates.

China stock bounce lifts emerging equity index off 2-year low

?REUTERS: A bounce in mainland Chinese shares yesterday lifted emerging equities off two-year lows, while currencies also got some respite, including the yuan which steadied slightly after days of volatility.

Software update may have triggered NYSE trading halt

?REUTERS: A computer malfunction that forced the New York Stock Exchange to suspend trading for more than three hours on Wednesday probably stemmed from a software update that went awry, Bloomberg reported, citing two people briefed on a preliminary review.

World food prices fall further in June - UN FAO

?REUTERS: Global food prices fell in June, continuing an almost uninterrupted slide since April 2014, led by falling dairy and sugar prices, the United Nations food agency said yesterday.

Lanka Hospitals surpasses 750th kidney transplant in 12 years

?Lanka Hospitals has now surpassed its 750th kidney transplant in just over 12 years since its inception. A milestone in the advancement of organ transplant in the country and a big stride in building confidence of patients on our country’s private medical services.

GSK launches webinars for Sri Lankan doctors

?A new initiative using web seminars or ‘webinars’ to disseminate information to medical professionals on the latest developments in the treatment, management or prevention of diseases has been launched in Sri Lanka by GlaxoSmithKline (GSK) Pharmaceuticals.

Browns Hospital Ragama conducts live Laparoscopy workshop for surgeons

?Browns Hospital Ragama recently conducted a very successful live surgery workshop on Laparoscopic procedures with the participation of over 25 participating invitee surgeons in attendance.

OPPO Smartphones Set Sail to Sri Lanka

Many would argue that the Sri Lankan mobile phone market – and even that of the world – revolves primarily around Samsung and Apple, with both brands tussling for the most discussion and greater ownership.

Jeevan William appointed to the Capital Alliance Board

Capital Alliance, Sri Lanka’s leading full service investment bank, recently appointed Mr. Jeevan William to its Board. Since its establishment in the year 2000, Capital Alliance has become a key player in the financial markets of Sri Lanka, with a strong reputation and the ability to persistently meet client expectations by ensuring quality research, ethical dealing, confidentiality and innovation. William joins with notable experience and

The Fairway Holdings Launches Aviation Academy

Aviation is today one of the most rapidly proliferating fields characterized by high - tech advancements and savvy innovations. Fuelled by the global explosion of travel for business and tourism purposes, and transportation of goods among many other reasons, this blossoming industry offers lucrative job opportunities for those aspiring to become professional pilots. 

Union Bank extends its new look to Panadura

Union Bank of Colombo PLC recently extended its new look and design to its Panadura branch. The new branch layout features spacious banking facilities and provides the highest levels of customer centricity and greater banking convenience. The remodelled Panadura branch was ceremoniously opened by Mr.Suhen Vanigasooriya – Chief Risk Officer of Union Bank of Colombo PLC, in the presence of a large gathering of distinguished guests and members

Richard Pieris Group Records PBT of Rs.2.58bn in 2014/15

The Richard Pieris Group ended it’s performance in the financial year 2014/15 reporting a Group Revenue of Rs.37.8b with a Profit before Tax of Rs.2.58 bn. The reported Profit for the year does not include any Gains of a capital nature. 

DIMO launches new range of Tata Ultra buses in Sri Lanka

Taking over the challenge of providing a safe and comfortable public transport system in Sri Lanka,...

AMW launches latest addition to Goodyear tyre range

Associated Motorways (Pvt) Ltd., sole agents for Goodyear tyres in Sri Lanka,..

Ideal launches value-added services for Chery owners

Ideal Chery Automobiles (Pvt.) Ltd, a member of Ideal,

Ceyoka heralds revolutionary pain management with Swiss company

Ceyoka (Pvt) Ltd, a Sri Lankan organization renowned for fostering entrepreneurship and business growth,

Central Hospital’s bone marrow transplant patients ready to resume schooling

A year since they underwent Bone Marrow Transplant at Asiri Group’s Central Hospital,