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Sri Lankan shares snap 7-session losing streak

Reuters – Sri Lankan shares snapped a seven-session streak of declines on Friday, recovering from a near three-week closing low hit in the previous session, as investors picked up battered blue-chip and banking shares. However, foreign investors, who have been net buyers of 2.7 billion rupees worth shares so far this year, sold equities worth…

(0) Comments | January 20, 2018 1:10 pm


Scan Jumbo Peanuts successfully concludes the Scan Jumbo Bonanza

~ A Total of 50 Home Theatre Systems for Loyal Customers Following the tremendous success of the Scan Jumbo Peanut Cycle Wassa promotion over the past 3 years, the Scan Products Division of C.W. Mackie PLC decided to go a step further by introducing the Scan Jumbo Bonanza Consumer Promotion. The promotion offered a state-of-the-art…

(0) Comments | January 19, 2018 9:12 pm

Ruhunu Hospital Life Membership now offers greater benefits for customers

Ruhunu Hospital (Pvt.) Ltd, which is one of the leading private hospitals in the Southern Province, is offering membership to its customers to enjoy greater benefits. It can be obtained by paying a one-time fee of Rs.990.00 without any renewal or annual fee. Payments for the membership cards can be made via online payment scheme…

(0) Comments | January 19, 2018 8:58 pm

PickMe rewards top drivers’ children with school supplies for the New Year

In keeping with their commitment to ensure welfare and wellbeing of the company’s pool of drivers and their families, Sri Lanka’s fastest growing tech start-up PickMe recently handed over school supplies to children of their top-performing drivers for the new school year through a CSR initiative called ‘Nena Pahana’. 100 drivers recognized by the company…

(0) Comments | January 19, 2018 8:43 pm

CMA Australia completes 20 years in Sri Lanka

CMA (Australia) achieves a number of significant milestones in Sri Lanka in 2018 The institute completes twenty eventful years, since the qualification was first introduced to the Sri Lankan professionals in 1998. The CMA (Australia) final Qualifying Workshop was introduced to qualified Chartered Accountants in Sri Lanka by the Institute of Chartered Accountants. The 19th…

(0) Comments | January 19, 2018 1:33 pm

A trio of formulas to complement The Body Shop bath rituals this new year

  The Body Shop in Colombo is ringing in the New Year with brand new bath and body formulas to complement three ultimate shower routines. Find and indulge in the products- Tahitian Tiara Body Wash, Balkan Juniper Bath and Shower Gel, and Adriatic Peony Bath and Shower Cream- by visiting The Body Shop’s flagship store…

(0) Comments | January 18, 2018 8:10 pm

Boardwalk at Waters Edge Launches Exciting New Menu

An evolving Colombo has many different dining options with cuisines from around the world. Just outside the city however, lies one of the most picturesque destinations one can imagine overlooking the tranquil waters of the Diyawanna. Of the plethora of dining options available at the culinary hub that is Waters Edge, the Boardwalk has been…

(0) Comments | January 18, 2018 7:57 pm

HNB sponsors Millennium Trophy Golf Tournament for the 10th consecutive year

~ Dr. John Scarth and Niloo Jayathilake clinch top awards of the 2017 tournament  For the 10th consecutive year, HNB sponsored the Millennium Trophy Golf Tournament – a leading golf tourney of the Sri Lankan golfing calendar, which concluded successfully at the Royal Golf Club in Colombo recently. Opened to all full members of the…

(0) Comments | January 18, 2018 7:35 pm

Avian Technologies hosts Kaspersky Awards Night 2018

~ Partners and Corporates Awarded for top performance Avian Technologies (Pvt.) Ltd., exclusive distributer of Kaspersky Lab Products in Sri Lanka and the Maldives, held the Kaspersky Awards Night 2018 at the Water’s Edge recently. 16 partners and corporates received accolades for their performance in the year 2017 at the colourful event. Present as Chief…

(0) Comments | January 18, 2018 7:25 pm

Maliban’s wholesome breakfast offering Yaha Posha receives prestigious SLS Certification

Maliban Biscuits’ wholesome breakfast offering Yaha Posha achieved a significant milestone when it received the prestigious Sri Lanka Standards Institution (SLSI) certification recently. Yaha Posha as the latest innovative produce offering from the House of Maliban, leverages the company’s unwavering dedication to quality and taste. The term ‘Yaha’ in the brand-name connotes a wholesome and…

(0) Comments | January 18, 2018 3:17 pm

CTC Laboratory receives ISO/IEC 17025:2005 certification for competency in performing chemical, mechanical testing

Ceylon Tobacco Company PLC (CTC) recently received the ISO/IEC 17025:2005 certification by the Sri Lanka Accreditation Board for complying with standards set out by the International Organization for Standardization (ISO) and the International Electro-technical Commission (IEC), two global entities which form specialized systems for worldwide standardization. Following a comprehensive audit, the CTC Laboratory received this…

(0) Comments | January 18, 2018 1:04 pm

Top News

U.S. government shutdown begins as spending bill fails in Senate

WASHINGTON (Reuters) – The U.S. government shut down at midnight on Friday after Democrats and Republicans failed to reach a last-minute deal to fund its operations, divided in a bitter dispute over immigration and border security. In a dramatic late-night session, senators blocked a bill to extend government funding through Feb. 16. The bill needed…

(0) Comments | January 20, 2018 12:44 pm

Hemas Consolidates FMCG position by acquiring Atlas – Sri Lanka’s most loved brand of 2017

Hemas Holdings PLC acquired 75.1% of Atlas Axillia Co (Pvt) Ltd, Sri Lanka’s leading School and Office brand, for a consideration of Rs. 5.7 billion.  The existing shareholders of Atlas will retain a stake of 24.9% in the company post-acquisition. Nirmal Madanayake, Managing Director of Atlas Axillia Co. said “Atlas Axillia is on a great…

(0) Comments | January 19, 2018 4:38 pm

First Integrated Maldivian Resort Seeks Sri Lankan Participation

Employment and investment opportunities for Sri Lankans Singha Estate PLC a leading Thai real estate developer focusing on business expansion and investment via land purchases in high-potential locations and quality project development under the “Best in Class” concept in tandem with investment, joint investment, and M&As of businesses or assets with high–growth potential, launched Maldives’…

(0) Comments | January 19, 2018 1:31 pm

Emirates orders 36 A380s worth US$ 16 billion

Emirates, the world’s largest international airline, announced a US$ 16 billion (AED 58.7 billion) deal for 36 additional Airbus A380 aircraft, with 20 firm orders and 16 options. Emirates’ A380 fleet operates both GE and Rolls-Royce engines, and the airline is evaluating engine options for its latest A380 order. The additional Airbus A380s will be…

(0) Comments | January 19, 2018 1:07 pm

State Bank of India Joins LankaPay Common ATM Network

In light of their current expansion strategy, State Bank of India Sri Lanka branch recently joined LankaPay Common ATM Network taking a leap towards enhancing customer convenience. With legacy since 1806 as Bank of Calcutta, State Bank of India came into existence in 1955. It is the largest bank in India with over 24,000 branches,…

(0) Comments | January 19, 2018 12:55 pm

Seat belts, Air Bags compulsory on vehicles from July

The Ministry of Finance and Mass Media having considered the representations made by motor vehicle importers and manufacturers for a lead time to make required adjustments to comply with the proposed emission standards and safety measures, has decided to postpone the implementation of the budget proposal on introduction of emission standards and safety measures from…

(0) Comments | January 19, 2018 11:14 am

Sri Lanka set export target of US $ 20 billion by 2020

The Sri Lanka Export Development Board (EDB) in collaboration with Asian Development Bank (ADB) and rubber sector stakeholders on Wednesday officially launched a Special Purpose Vehicle known as Lanka Rubber Global Consortium Pvt Ltd (LRGC). The motive of establishing SME clusters by way of formation of a (SPV) is to create local brands more competitive…

(0) Comments | January 19, 2018 11:10 am

Sri Lankan shares extend fall on foreign selling

Reuters – Sri Lankan shares fell for a seventh straight session on Thursday and closed at their lowest in nearly three weeks, as foreign investors turned net sellers for the first time in 14 sessions while local players stayed on the sidelines. Foreign investors, who have been net buyers of 2.7 billion rupees worth shares…

(0) Comments | January 19, 2018 11:00 am
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Government’s Take On GSP+ Facility Reflects In Export Increase

Perceived Economic Opportunity PEO: October, 2017   This brief report of the Perceived Economic Opportunity (PEO) presents the analysis of a random survey carried out using a random sample of 400 men and women covering all districts in Sri Lanka on their expectations of economic prospects in the ensuing twelve months. STATUS OF JOB PROSPECTS…

(0) Comments | January 15, 2018 12:54 pm

The Ability To Save Grows Higher

Perceived Economic Opportunity PEO: September, 2017 This brief report of the Perceived Economic Opportunity (PEO) presents the analysis of a random survey carried out using a random sample of 400 men and women covering all districts in Sri Lanka on their expectations of economic prospects in the ensuing twelve months.   STATUS OF JOB PROSPECTS…

(0) Comments | January 4, 2018 11:11 am

Truecaller Insights Reveal Top Spammers in Sri Lanka

Truecaller, the world’s most used Caller ID & Spam Detection app, recently announced some revealing stats on spam and scam calls in Sri Lanka. Unwanted spam calls are on the rise around the globe, and the situation is no different in Sri Lanka. The recently published Truecaller Insights: ‘Top Spammers in Sri Lanka in 2017’…

(0) Comments | December 13, 2017 5:29 pm
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