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CPC urges public to disregard malicious reports intended to sabotage national fuel supply

The Ceylon Petroleum Corporation (CPC) wishes to notify the general public that fabricated reports are currently being circulated on various communication platforms, of a possible fuel shortage in the country. CPC firmly reassures the fuel supply across Sri Lanka, is taking place without any hindrance to operations. CPC requests the public to disregard these malicious reports, which are…

(0) Comments | February 23, 2018 7:49 pm

Featured

OPPO hosts ‘Meet and Greet’ with Angelo Mathews

Celebrating the launch of the OPPO F5 Dashing Blue Limited Edition OPPO, the global Smartphone Selfie expert and leader held a ‘Meet and Greet’ featuring OPPO ambassador and popular cricketing star Angelo Mathews to coincide with the recent launch of the Limited Edition OPPO Dashing Blue model in Sri Lanka. In true OPPO style the…

(0) Comments | February 23, 2018 12:23 pm

Vision Care Establishes 47th Branch in Kilinochchi

Vision Care, the leading Total Eye-Care Solution Provider in Sri Lanka is set to make an impact in the North with its newest branch established in Kilinochchi. The opening ceremony of the 47th Vision Care branch was held on 19th February with the Chief Guest Dr.Muthsamy Malaravan, Consultant Ophthalmologist at the Department of Ophthalmology, Jaffna…

(0) Comments | February 23, 2018 12:00 pm

SLIM PCM celebrates 30 years of enlightening prospective marketers

When looking at the big-picture from a truth-seeking perspective, Marketing could be described as a ‘Way of Life’. The Sri Lanka Institute of Marketing (SLIM), being the national body for Marketing, is the fully-fledged professional body for marketers in the island. Youngsters can confidently look forward to enrolling with SLIM on their quest towards becoming…

(0) Comments | February 22, 2018 9:50 pm

Sparking Young Creativity: IgniterSpace celebrates two years of social impact with three major accolades

When software engineer Hasith Yaggahavita founded IgniterSpace, together with two colleagues, he was simply making up for the lack of a good creative education- or more specifically, ‘makerspace’- programmes to enrol his own kids in. So, in March 2016 IgniterSpace began its journey in Hasith’s home. A short two years later Hasith and his team…

(0) Comments | February 22, 2018 9:44 pm

 ‘Kala Pola’ this Sunday 25 February

The Silver Anniversary edition of Sri Lanka’s acclaimed open-air art fair, Kala Pola, will take place at Ananda Coomaraswamy Mawatha in Colombo 07, on Sunday 25 February 2018. The official ceremony will be graced by H.E. Taranjit Singh Sandhu, High Commissioner of India to Sri Lanka. Presented by The George Keyt Foundation in association with…

(0) Comments | February 22, 2018 9:31 pm

The cure for a long flight: The Coffee Bean and Tea Leaf reopens its newly refurbished BIA store

Colombo’s favourite tastemaker in coffee is now back at the Bandaranaike International Airport with a slicker, bolder and more contemporary look. Since it was first opened in 2006, The Coffee Bean and Tea Leaf’s airport store has been the first and longest running international franchise at the BIA. The airport store embodies the CBTL philosophy…

(0) Comments | February 22, 2018 9:26 pm

eChannelling launches Self-Help Kiosk Machines at Lanka Hospitals

eChannelling PLC, the pioneer and largest doctor channelling network in Sri Lanka, announces its partnership with Lanka Hospital PLC, the most accredited hospital in Sri Lanka, to offer a new and unique Self-Help Kiosk Machine, which was inaugurated by Dr. Sarath Paranvithana, Chairman – Lanka Hospital, along with Mr. P. G. Kumarasinghe Sirisena, Chairman –…

(0) Comments | February 22, 2018 9:14 pm

George Steuart Health Appointed as Official Healthcare Partner of the 139th Royal Thomian Cricket Encounter

The premier sports medicine provider in Sri Lanka, George Steuart Health, steps on board as the Official Healthcare Partner at the 139th Battle of the Blues – the world renowned three day cricket encounter between S. Thomas’ College, Mt. Lavinia and Royal College, Colombo. The battle for the prestigious D S Senanayake Memorial Shield will…

(0) Comments | February 22, 2018 4:26 pm

Senarath Bandara appointed Bank of Ceylon’s GM/CEO

The Board of Directors of Bank of Ceylon (BOC) appointed Mr. Senarath Bandara as the Bank’s General Manager and Chief Executive Officer on Thursday, 22 February, upon receiving approval from the Central Bank of Sri Lanka and other relevant authorities. The appointment comes in the wake of the retirement of Mr. D.M. Gunasekera, a career…

(0) Comments | February 22, 2018 3:34 pm

Renewed boost for CA Sri Lanka’s Training Partner portfolio as 16 top companies come onboard

The training partner portfolio of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) received a fresh boost recently with 16 top companies coming on board to provide practical training for Business & Corporate level students of the institute. Accordingly, Ansell Lanka (Pvt) Ltd, Business Promoters & Partners Engineering (Pvt) Ltd, Co-operative Insurance…

(0) Comments | February 22, 2018 3:30 pm

Top News

EU awards 18 scholarships for sustainable production

The European Union is awarding 18 scholarships to senior employees working in the public and private sectors, as a part of efforts to support the development of local expertise in sustainable consumption and production. The scholarship recipients are from institutions including the Ministry of Mahaweli Development and Environment, the Ministry of Power & Renewable Energy,…

(0) Comments | February 23, 2018 7:45 pm

Sri Lankan stocks slip from over 3-month high on profit-taking

Reuters – Sri Lankan shares on Thursday snapped a five-session winning streak and eased from a more than three-month high on profit-booking, while foreign buying in Commercial Bank Plc boosted the daily traded turnover. Hopes of political stability after two key parties decided to remain in the ruling coalition, allayed fears of a government collapse…

(0) Comments | February 23, 2018 10:22 am

Cabinet approves Air Transport Bill

The Air Transport Bill which will give effect to the Montreal Conventions and deals with conforming to international standards and rules on international carriage of passengers, baggage and cargo was approved by the Cabinet. The Montreal Convention which has been ratified by 112 countries protects the interests of passengers by introducing a modern two-tier liability…

(0) Comments | February 22, 2018 5:31 pm

Technical Group meeting of the G-24 in Colombo

The two-day Technical Group Meeting of the G- 24 countries will be inaugurated by the Minister of Finance and Mass Media Mangala Samaraweera at 9.00 am on February 27, at the BMICH in Colombo. Over 45 delegates from the member countries will participate at this two-day technical committee meeting. The Group of 24 (G24), a chapter…

(0) Comments | February 22, 2018 5:28 pm

Nestlé delivers Rs. 37.6 billion sales in 2017 amidst challenging market conditions

Continues to invest in Sri Lanka with new products and capacity expansion      Revenue of Rs. 37.6 billion for the full year 2017 (up 3.1%) Revenue of Rs. 10 billion in Q4 (up 15.6%) Net profit of Rs. 3.6 billion for the full year and Rs. 1.2 billion for the quarter Severe drought, floods,…

(0) Comments | February 22, 2018 4:58 pm

Sri Lanka Continues to Fare Poorly in Global Corruption Rankings

Sri Lanka has failed to show significant improvement in the Corruption Perceptions Index (CPI) 2017, released by Transparency International, the global movement against corruption. The index ranks 180 countries and territories by their perceived levels of public sector corruption. Sri Lanka has moved up 4 places from 95th to 91st, far more importantly its CPI…

(0) Comments | February 22, 2018 3:48 pm

Inflation in January 2018

Inflation, as measured by the change in the National Consumer Price Index (NCPI) (2013=100), which is compiled by the Department of Census and Statistics (DCS), decreased to 5.4 per cent in January 2018 from 7.3 per cent in December 2017, on year-on-year basis. This decline is due to the high base prevailed in January 2017…

(0) Comments | February 22, 2018 11:12 am

Ceylinco Life’s net profit surges 95% to Rs 6 billion

Retains top spot in life insurance for 14th successive year with premium income of Rs 15.7 bn. Assets cross Rs 100 billion to Rs 106 billion   Ceylinco Life has posted net profit of Rs 6 billion for the year ending 31st December 2017 while reaffirming its market leadership in Sri Lanka’s life insurance industry…

(0) Comments | February 22, 2018 10:39 am
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Analysis

Business Sentiment – Biz Confidence Inches Up At End 2017

The business confidence gauge remains intact for the time being ahead of more elections In early December, Sri Lanka formally handed over the Hambantota Port to China on a 99 year lease despite criticism that the move could lead to an erosion of the country’s standing as a sovereign state. The southern port has incurred…

(0) Comments | January 29, 2018 1:09 pm

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
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