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Public Management Assistant examination postponed

The open competitive examination for the recruitment to the post of Public Management Assistant, Grade III, which was to be held tomorrow (28th May) has been postponed by the Department of Examinations due to the prevailing bad weather condition. The admission cards issued for tomorrow’s examination will be cancelled and new admission cards will be…

(0) Comments | May 27, 2017 6:56 pm

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Futureworld announces relocation of store to spacious location

Futureworld Lanka (Pvt). Ltd was incorporated in 2009 backed by the prestigious Singapore-based Thakral Group. After originally opening its doors in Vietnam in 2007, Futureworld Group had expanded to encompass ten countries in Asia with 35 stores as at date.   Futureworld is the only premium service provider and the authorized reseller for Apple products…

(0) Comments | May 25, 2017 1:17 pm

The Galle Face Hotel Welcomes Glenfiddich Brand Ambassador

South Asia’s leading Grande Dame, the Galle Face Hotel is one of Colombo’s most iconic institutions. For over 150 years, the landmark hotel has set the bar for luxury accommodations and is the preferred choice for guests. The hotel has a long-standing history of hosting prominent guests, counting among them Sir Arthur C. Clarke, John…

(0) Comments | May 24, 2017 2:33 pm

SLT announces the “Zero One Awards Night” dedicated to recognize digital excellence in Sri Lanka

Sri Lanka Telecom has announced the approach of the SLT Zero One Awards (SLT 01Awards) Night, which will take place on the 30th of May, at the Hilton Colombo.   SLT Zero One Awards aims to encourage all Sri Lankans to innovate by using digital platforms for improved results and better future. The 01Awards program…

(0) Comments | May 23, 2017 1:04 pm

Oman Air wins the “Best Arab Air Carrier supporting Arab Tourism” Award

Oman Air, the National Carrier of Sultanate of Oman, is celebrating the latest in a string of prestigious wins, following the presentation to the airline of the ‘Best Arab Air Carrier supporting Arab Tourism’ award. The 2017 Arab Tourism Media Awards ceremony organised by the Arab Centre for Tourism Media was held at Roda Al…

(0) Comments | May 23, 2017 12:57 pm

Allianz Lanka Registers Impressive Q1 2017

Allianz Lanka continued to maintain its growth momentum across its life and general insurance businesses through Q1 2017.   The Non-Life company, Allianz Insurance Lanka Ltd., recorded 33% YoY growth in Gross Written Premium (GWP) at Rs.1.493 billion during the period under review, with a Profit After Tax (PAT) of Rs. 13 million despite expenditure…

(0) Comments | May 23, 2017 12:51 pm

‘Hemas Cash Back’ VAT Reclaim Service helps travellers transform trash into cash

Hemas Travels, the local representative for Hogg Robinson Group (HRG), the global travel management company with representation in over 120 countries, has been appointed the official representative for the Cash Back, the VAT reclaim organisation with its Head Office in Switzerland.   “Hemas is delighted to have been given the rights to market and sell…

(0) Comments | May 23, 2017 12:46 pm

Advantis Engineering Enables Sri Lanka’s Economic Growth through Turnkey Space Solutions

With the industrial expansion taking place in the island, the demand for commercial office space in the heart of Colombo has been growing steadily over the years. With a burgeoning economy, rise in entrepreneurship and the entry of foreign companies, office space across the island today comes at a premium with Colombo experiencing 95% occupancy…

(0) Comments | May 23, 2017 11:46 am

Six lucky customers win MacBooks from MBRK

MBRK, the premium men’s clothing brand launched an innovative promotion that surprised and delighted shoppers. Customers who purchased MBRK products were able to participate in a raffle draw offering 6 grand prizes of MacBooks that appeal to today’s millennials. In addition 20 customers received branded wrist watches. The winners were invited to a grand awards…

(0) Comments | May 23, 2017 10:55 am

Architect Suzette Whehella visits Meubel House to share tips for living spaces brimming with life

With real estate in Colombo steadily rising in value, contemporary homes are becoming smaller and professional advice on how to enhance a space proves valuable and cost-effective for homeowners. During a visit to the picturesque Meubel House gallery on Gower Street, Architect Suzette Whehella shares her tips for making the best out of every space…

(0) Comments | May 21, 2017 10:48 am

Contemporary sari label Mulberry launches The Glamour Collection on Saturday, 20 May

Mulberry will unveil The Glamour Collection with an exhibition and sale on Saturday, 20 May at The Kingsbury Apartments on Bagatale Road. New additions to the label’s Elegance Collection introduced in December 2016 will also be available at the venue. Mulberry is a label for contemporary woman seeking saris for casual and occasion wear. Mulberry’s…

(0) Comments | May 19, 2017 5:21 pm

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Sri Lankan shares end lower on profit-booking; John Keells falls

Reuters – Sri Lankan shares ended lower on Friday, recording their first weekly decline in nine, as investors booked profits in shares of diversified companies such as John Keells Holdings Plc and Melstacorp Plc . The Colombo stock index ended 0.25 percent weaker at 6,697.86. On Tuesday the bourse hit its lowest close since May…

(0) Comments | May 26, 2017 8:57 pm

India, Japan Joint Venture To Build Gas Import Terminal In Sri Lanka

NEW DELHI: India and Japan will jointly set up a $250 million liquefied natural gas (LNG) import terminal in Sri Lanka, the first collaboration between the two nations to counter China’s growing influence in the Island nation. Petronet LNG Limited, India’s biggest gas importer, last year proposed to set up a 2-million-tonne (MT) liquefied natural…

(0) Comments | May 26, 2017 8:36 pm

Uber Launches Snapchat Custom Filters In Sri Lanka

Uber, the ridesharing app that is redefining urban mobility across the world, will begin a phased roll-out of a unique integration with Snapchat in Sri Lanka, starting today. With this new feature, riders will be able unlock custom Snapchat filters on their ride. From letting their friends know when they’ll arrive with the ETA filters,…

(0) Comments | May 25, 2017 3:37 pm

Sri Lanka to retain public ownership of roaring supermarket chain

Sri Lanka promptly shot down raging claims that the government owned Lanka Sathosa chain is to be sold to a diversified conglomerate in the country. “Though we usually do not bother about such social media propaganda, since a leading company is also mentioned, I am highlighting the truth here today” stressed the Minister of Industry…

(0) Comments | May 25, 2017 1:22 pm

Sri Lanka’s newly established Private – Public Partnership Unit to be launched at the Ceylon Chamber’s Investment Conclave

Sri Lanka will launch its ‘Private – Public Partnership ( PPP) Unit’, set up through a Cabinet decision at the upcoming ‘Sri Lanka Investment and Business Conclave 2017’, which will take place on the 30th May to 01st June 2017, in Colombo.   The unit is mandated to source investment from both national and international…

(0) Comments | May 25, 2017 12:16 pm

Sri Lanka-China Business Council established in Hangzhou

Consulate General of Sri Lanka in Shanghai in collaboration with Herbilan group established Sri Lanka-China Business Council in Hangzhou, China on 18th May at Hangzhou Blossom Tao Hotel. The main objectives of Sri Lanka-China Business Council are creating a platform for Chinese businessmen and investors based in Zhejiang Province to identify the opportunities available in…

(0) Comments | May 25, 2017 10:56 am

Sri Lankan shares rise as foreign investors buy blue chips

Reuters – Sri Lankan shares edged up from a one-week low on Wednesday as foreign investors bought shares in blue chips such as John Keells Holdings PLC, with turnover hitting a 5-week high. The Colombo stock index ended 0.32 percent firmer at 6,711.67, from its lowest close since May 15 hit on Tuesday. The index…

(0) Comments | May 25, 2017 10:48 am

Amãna Bank gets capital boost from ICD

Amãna Bank has received confirmation from IB Growth Fund (Labuan) LLP, a subsidiary of the Islamic Corporation for the Development of the Private Sector (ICD), to participate in the Bank’s forthcoming rights issue. ICD is a multilateral development financial institution and is part of the Islamic Development Bank (IDB) Group, who is currently a strategic…

(0) Comments | May 24, 2017 2:50 pm
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Analysis

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Expectation On Ability To Save Decreses With Rise Of Inflation

Upward Trend In Expectation For Reduction Of Corruption    Perceived Economic Opportunity PEO: February, 2017   This brief report of the Perceived Economic Opportunity (PEO) presents the analysis of a random survey carried out using a sample of 400 men and women in February 2017 covering all districts in Sri Lanka on their expectations of…

(0) Comments | April 28, 2017 10:09 am

Paramount Identifies The Living Trends Of Millennials

The millennial generation, or Gen Y, is considered to be anyone born between 1980 and the late 90s. The bulk of this generation has graduated college/university. They have jobs, and are looking to live independently. Looking at household living patterns across the globe it is evident that Millennials prefer vertical living options for a number…

(0) Comments | April 25, 2017 1:24 pm

South Asia Could Potentially Benefit from Globalization Backlash

WASHINGTON – Possible protectionism in advanced economies should not deter export-oriented growth in South Asia, a region that could even benefit from the backlash against globalization, a new World Bank report said. The report also confirms that South Asia remains the fastest-growing region in the world, gradually widening its lead relative to East Asia. Regional…

(0) Comments | April 19, 2017 10:57 am
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