Nations Trust Bank opens 90th branch in Narahenpita

Nations Trust Bank, a key player in the financial services industry, reiterated its commitment towards expansion with the opening of the Narahenpita branch expanding the branch network to 90 branches.

Vallibel Finance expands reach to Anuradhapura, Kegalle

The cutting-edge Vallibel Finance continues its ambitious expansion drive with the opening of two new branches in Anuradhapura and Kegalle.

Kabir and Eran meet ministry officials

Highways and Investment Promotion Minister Kabir Hashim and Deputy Minister Eran Wickremaratne conducted their first meeting at the Investment Promotion Ministry, where they met with the senior officials of the Investment Promotion Ministry and the Board of Investment (BoI).

CAL ends 2014 as Undisputed Market Leader in Listed Debentures

Capital Alliance, Sri Lanka’s leading full service investment bank has ended 2014 as the market leader in listed debentures, delivering greater results than all of its competitors. During the year, the company advised clients on five debenture issues worth a total value of Rs. 18 billion. A total of Rs. 10 billion was raised in the month of December alone. The company’s portfolio comprises a cross-section of clients including commerci

Hameedia rewards staff at Retail Excellence Awards

Continuously setting the benchmark in the fashion industry, Hameedia, Sri Lanka’s leading menswear specialist recently held its Retail Excellence Awards for 2014 t o reward showroom employees who had delivered an outstanding performance in 2014.The colourful and inspirational event took place at the Ramada Colombo and was attended by Fouzul Hameed, Managing Director, Hameedia, Hussain Sadique, Deputy Managing Director, Hameedia and the seni

Lankasoy receives National Business Excellence Award

Lankasoy, the flagship brand of Convenience Foods (Lanka) PLC, a subsidiary of Ceylon Biscuits Ltd. (CBL), recently received the prestigious Gold Award in the category of Manufacturing (Food & Beverage) at the National Business Excellence Awards organized by The National Chamber of Commerce of Sri Lanka.

Land Rover’s Discovery Sport India launch in August

Land Rover has confirmed it will launch the new Discovery Sport luxury SUV in India in August this year.The model for India will be offered with a 2.2-litre diesel engine in two states of tune 187bhp and 147bhp. Both versions will come equipped with a nine-speed automatic gearbox.

Pope selects SriLankan

Sri Lankan Airlines is proud to have been chosen to fly His Holiness Pope Francis to the Philippines, Manila, for the second leg of his Asia Tour, which started with a three-day tour in Sri Lanka, last Tuesday.

Highest 2014 monthly vehicle registrations in December: Brokerage

Last December witnessed the highest monthly vehicle registrations under most categories for the 2014 calendar year, according to statistics compiled by JB Securities (Pvt) Ltd.

Karu to address National Chamber AGM

The ceremonial session of the 56th Annual General Meeting of the National Chamber of Commerce of Sri Lanka will be held on January 20, at Kingsbury Hotel, Colombo commencing at 6 pm.

Abans present free laptops to deserving students

Abans completed the third stage of their ambitious CSR initiative “From Your Laptop to Their Future” by presenting Laptops to 15 deserving students.The presentations were made by Aban Pestonjee, Chairperson of Abans Group at a simple ceremony on December 16th at Abans Main Showroom in Kollupitiya. Earlier Abans presented 50 Laptops each in the first and second stages of the project.

Solar Therm powers Sri Lanka Open golf tournament

The “Solar Therm Sri Lanka Open 2014” will get underway from January 25—30 at the Royal Colombo Golf Course in Colombo.Solar Therm handing over the title sponsorship cheque to Sri Lanka Golf UnionThe Sri Lanka Open first played in 1970 organised by the Sri Lanka Golf Union (SLGU), the governing body of Golf in Sri Lanka introduced this event to facilitate the Golfers with talent mainly from the Caddy and Ball-boy ranks to play a

HRMI provides internship training for students to strengthen biz environment

The unique feature in HRMI courses of study is the opportunity every student has in undergoing a 6-month internship training attached to a leading company.Gihan Talgodapitiya, Director HRMI presenting the 1st Prize to Sri Sanjayan, HND student, winner of Career Planning & Development Quiz.

Lanka’s govt. debt very high compared to similarly rated countries: Moody’s

Moody’s Investor Services in a recent report said that Sri Lanka, which has a sovereign rating of B1, has an extremely high rate of government debt compared to similarly rated countries.

Amãna Bank relocates its Galle Branch

Having had its presence in the historic town of Galle since 2006, Amãna Bank recently relocated its Galle Branch to a more specious and customer friendly location at 24 Old Matara Road, Galle. The Branch relocation opening ceremony was graced by Honourable Mayor of Galle Mr Methsiri De Silva, Chief Executive Officer Mr Mohamed Azmeer, Director of Amãna Bank Mr Jazri Magdon Ismail, senior management of the Bank, customers and other i

Janashakthi employees excel at CII examination

In an affirmation of Janashakthi Insurance’s commitment to its employees, Ayodhya N Perera, Senior Assistant Manager- General Claims was recently named t he most outstanding candidate at the Chartered Insurance Institute Examinations 2013.

Ceylinco Life makes 60th school donation

Ceylinco Life’s community initiative to support education in under-served towns and villages across Sri Lanka reached another milestone recently with the donation of a classroom to Assennawatta Kanishta Vidyalaya Divulapitiya, taking the total number of schools assisted under the programme to 60.The school, which accommodates 105 students, was the fourth to receive a classroom building from the life insurance leader this year.

Mindshare bags Silver under ‘Media agency of the year’

For over two decades, Campaign Asia has recognized excellence in the advertising and communications industries, rewarding inspired leadership, management excellence, outstanding business performance and overall achievements in the AsiaPacific region.

Brandix 2015 calendar highlights country’s inventions and innovations

pride of our innovations, of potential fulfilled and a world bettered.”With the 2015 edition of its much anticipated calendar, Brandix continues its practice of adding value to this ubiquitous guide to the days, weeks, and months of the year, with painstaking research and custom photography that bring to life a well-deliberated theme.

WOW.lk ‘Back to School’ Promotion; an Immense Success

Continuously being at the forefront of e-commerce innovation, Sri Lanka’s largest online shopping mall, WOW.lk launched for the first time in Sri Lanka, an online ‘Back to School’ promotion campaign, offering a range of products for students as they prepare for the new school term. Running for a duration of three weeks, the promotion featured an array of school supplies and classroom necessities offering parents a very affordabl

CAL Marks the end of Another Successful Year

Capital Alliance, Sri Lanka’s leading full service investment bank has marked the end of yet another successful year, securing its position as a market leader in Sri Lanka’s financial and investment arena. 

Commercial Leasing & Finance opens 54th branch in Grandpass

Commercial Leasing & Finance PLC, one of the key players in the financial industry of Sri Lanka, launched its services in Grandpass recently.

Merchant Bank marks first merger under financial sector consolidation plan

Merchant Bank of Sri Lanka PLC (MBSL), the merchant banking arm of Bank of Ceylon, marked the New Year dawn with the announcement of consolidating its finance company status after merging with two subsidiaries, MCSL Financial Services Ltd and MBSL Savings Bank.

First Capital subsidiary in Rs.500mn debenture issue

First Capital Holdings PLC subsidiary First Capital Treasuries Limited has been granted approval by the Colombo Stock Exchange to list debentures worth Rs.500 million.

Ravi Finance Minister, Arjuna CB Governor

United National Parliamentarian Ravi Karunanayke is tipped to be appointed as the Finance Minister of the new Cabinet of President Maithripala Sirisena with economist and investment banker Arjuna Mahendran the Central Bank Governor.

Gotabaya and Roshini Cabraal resign from Lanka Hospitals

Lanka Hospitals Corporation PLC Chairman Gotabaya Rajapaksa and Deputy Chairperson Roshini Cabraal resigned from their posts in the company on January 9, according to an announcement made to the Colombo Stock Exchange.Rajapaksa, the brother of outgoing President Mahinda Rajapaksa and the previous Defence Secretary, had resigned prior to Elections Commissioner Mahinda Deshapriya announcing the winner of the Presidential Elections.

CIC Holdings PLC Supports AOCMF Course on Craniomaxillofacial Fracture Management 2014

CIC Holdings PLC recently supported yet another International medical training initiative in Sri Lanka, by providing financial and logistical support for the AOCMF Course – Principles of Craniomaxillofacial Fracture Management. Hosted in Sri Lanka for the second time, the course was attended by a network of healthcare professionals who were updated on the latest techniques in patient care for trauma or disorders of the musculoskeletal syste

New Sri Lankan President expected to kill James Packer’s casino plans

Billionaire James Packer is expected to walk away from a plan to build a US $ 400 million casino and hotel in Sri Lanka after the island nation elected a new president, Maithripala Sirisena, who has promised to block the project.Sirisena, who is described as a social conservative, defected from the ruling party in November after previously serving under former president Mahinda Rajapaksa as Health Minister. The manifesto released by his new party

Amãna Takaful Relocates in Kandy

Amãna Takaful PLC (ATPLC) the only fully-fledged Takaful operator in the country and the flag bearer of the Takaful way of insurance in Sri Lanka recently relocated its Central Region office to a more accessible location for customers. The new office located at No. 111/1/1, Kotugodella Veediya, Kandy, is situated in the heart of the city and provides a modern and more comfortable environment for customers. The new office was ceremoniously

November global air freight growth concentrates in Asia and Middle East

The International Air Transport Association (IATA) reported November 2014 data for global air freight markets showing that demand measured in freight tonne kilometres (FTK) grew 4.2 percent compared to November 2013. Capacity grew by 3.3 percent over the previous November. Compared to October 2014, air freight demand expanded by a healthy 0.8 percent.