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Dilmah is voted by New Zealand as their most trusted tea brand for the 5th year in a row

The New Zealand Readers Digest Trusted Brand Awards are perhaps the most iconic and well-known celebration of what New Zealanders really think of the brands they buy.  For Dilmah it’s humbling news to be recognized by the people of New Zealand as their 2019 most trusted tea brand for the 5th year in a row….

(0) Comments | May 25, 2019 8:57 am

Featured

Performance, prestige and innovation take centre stage at Ceylon Motor Show 2019

The biennial Ceylon Motor Show switched off the ignition last month after an extremely successful run. Jointly organised by the Ceylon Motor Traders Association and the Classic Car Club of Ceylon – along with title partner Sri Lanka Insurance Motor Plus, the three-day immersive and highly interactive event was held from the 15 to 17…

(0) Comments | May 24, 2019 7:02 pm

Calorie Counter upgrades menu with more great healthy options

Calorie Counter being a pioneer in the health food industry in Sri Lanka recently upgraded its menu with a range of new healthy options. A variety of salads and grills created by Calorie Counter’s Founder Duaine Peiris himself have been added to an already extensive menu that includes an array of quick and tasty sandwiches…

(0) Comments | May 24, 2019 6:50 pm

Capital TRUST Holdings becomes the sole owner of ride-hailing-app, Taxiya

Taxiya, a leading ride-hailing service powered by an advanced digital mobile App, is now wholly owned and managed by Capital TRUST Holdings, having recently acquired the entirety of the brand Taxiyak (now Taxiya) and Capital TRUST Mobility Solutions. The Board of Directors of Capital Trust Mobility Solutions, comprising Tushan Wickramasinghe, Chairman, Lakshman De Fonseka, Minoli…

(0) Comments | May 24, 2019 6:44 pm

Marina Square sponsor ‘Aladdin’ – a ballet like you’ve never seen before

Marina Square-Uptown Colombo, has extended their support to sponsor a ballet adaptation of Disney’s classic ‘Aladdin’, brought to life by the Deanna School of Dancing. It is produced and choreographed by Natalie and Natasha Jayasuriya. This ballet adaptation of the world-famous ‘Aladdin’ will be staged from 31st May to 3rd June, at the Bishop’s College…

(0) Comments | May 24, 2019 6:38 pm

Olu Tropical Water shuts plastic bottling plant, moves to glass bottles in bold environmental effort

Iconic tropical water brand closes down Sri Lanka’s first PET bottling plant in groundbreaking environmental effort In a groundbreaking move, Sri Lanka’s first natural mineral water brand Olu Tropical Water has committed to only using glass bottles for all new products, effectively discontinuing the high volume PET packaged SKUs. An expensive yet necessary move, the…

(0) Comments | May 24, 2019 5:01 pm

AIA Insurance’s Smart Wealth – short term commitment, long term wealth creation

Wealth is important for many things in life. Be it educating your children, maintaining the desired lifestyle for you and your family or ensuring financial security at retirement. Protecting, managing and growing your wealth is key. That is why AIA Insurance introduced AIA Smart Wealth, a savings plan designed exclusively for people who want to…

(0) Comments | May 24, 2019 4:57 pm

Safe Labour Migration Campaign goes closer to the public

~ Island-wide awareness programmes to continue Initiated by the Ministry of Telecommunication, Foreign Employment and Sports, in collaboration with the Sri Lanka Bureau of Foreign Employment, and supported by the Embassy of Switzerland in Sri Lanka, the campaign aims to encourage all citizens to make informed decisions and follow correct procedures for foreign employment by…

(0) Comments | May 24, 2019 10:06 am

Crysbro’s close links with farmers help uplift country’s rural economy

For 47 years, industry-leading and distinctly Sri Lankan chicken producer Crysbro has operated with a view to not only supply this essential meat to homes across the country but also lead and empower. Over time, as Crysbro swelled from a modest family establishment to a firm which has shaped the lives of thousands of Sri…

(0) Comments | May 24, 2019 9:44 am

Healthy Life Clinic looks to facilitate psychological recovery in aftermath of Easter attacks

~ Offers mental support services to direct and indirect victims Four weeks after the deadly terrorist attacks on Easter Sunday, life is still a long way from returning to normal. Living in the digital age, social media and messaging apps like Facebook, Instagram or Whatsapp will not let us move on. With constant updates on…

(0) Comments | May 24, 2019 9:20 am

Softlogic Life looks to plant a greener Sri Lanka through ‘Api Thuru Mithuru’ project

Aims to plant 100,000 trees through the campaign Taking on the challenge of creating a greener Sri Lanka for future generations, the country’s fastest-growing life insurance provider, Softlogic Life, announced the launch of the ‘Api Thuru Mithuru’ sustainability project that aims to plant 100,000 trees. Utilizing specially-designed seeds in a special package, Softlogic Life’s aggressive…

(0) Comments | May 24, 2019 8:49 am

Top News

Sri Lanka stocks snap 5 days of gains in light trade; rupee steady

Reuters – Sri Lankan shares snapped five straight sessions of gains on Friday in low trade amid worries over economic slowdown and lack of investor appetite for risky assets. ** Traders said the Easter day bombings and aftermath violence weighed on investor sentiment. Most investors have shied away from the market since the April 21…

(0) Comments | May 25, 2019 8:54 am

Sri Lanka in talks with India, Japan to build container terminal in Colombo

Reuters – Sri Lanka is in advanced talks with India and Japan to construct a container terminal at the port in Colombo, next to a Chinese terminal built as part of Beijing’s Belt and Road Initiative, government officials said. The involvement of India and Japan is the latest sign that Sri Lanka wants to neutralise…

(0) Comments | May 25, 2019 8:53 am

CDB’s profit before taxes surpasses LKR 2.7 Bn – now among Top 5 largest NBFIs

Profit before taxes up by 34% Strong Asset base of LKR 91.9 Bn Citizens Development Business Finance PLC (CDB) reinforced its dominance as a disruptor in the financial intermediary business in Sri Lanka with its exceptional financial results for FY 2018/19, posting profit before taxes of LKR 2.7 Bn, an increase of 34% as per…

(0) Comments | May 24, 2019 4:50 pm

Sri Lanka’s Cargills Bank temporarily restrict E-Commerce transactions due to given reports on Potential Cyber Crimes

Sri Lanka’s Cargills group owned Cargills Bank had said that the bank is temporarily restricting E commerce transactions based on given recent reports on potential Cyber Crimes, a sms communication sent to all credit and debit cardholders by the bank outlines. “Dear customer given recent reports on potential Cyber Crime E commerce transactions have been…

(0) Comments | May 24, 2019 11:49 am

Colombo Cold Stores revenue increases by 16% in FY 2018/2019, Profit After Tax down 49%

Jaykay Marketing Services generated 77% revenue   Sri Lanka’s leading conglomerate John Keells Holdings (JKH) owned key retail listed entity Colombo Cold Stores (CCS) consolidated revenue had increased by 16% to Rs. 59 billion with fully owned subsidiary Jaykay Marketing Services (Pvt) Ltd – JMSL accounting for approximately 77% of revenue and CCS & The Colombo…

(0) Comments | May 24, 2019 11:44 am

Sri Lanka stocks edge up in light turnover; rupee up

Reuters – Sri Lankan shares closed slightly firmer on Thursday and extended gains into a fifth session, but trading volume slumped to a near five-month low amid worries over economic slowdown and lack of investor appetite for risky assets. ** Traders said the Easter day bombings and aftermath violence weighed on investor sentiment. Most investors…

(0) Comments | May 24, 2019 10:23 am

Global stocks gain as US eases Huawei restrictions

Stock markets gained on Tuesday, with chipmakers and companies exposed to Asia among the best performers, after Washington temporarily eased trade restrictions imposed last week on China’s Huawei.   In Europe, the broader Euro STOXX 600 climbed 0.6%, extending gains earlier in the trading session, with Germany’s DAX rising 1.1%, while France’s CAC 40 added…

(0) Comments | May 23, 2019 1:08 pm

Sri Lanka’s Central Bank only raises US $ 165.5 Mn through US $ 200 Mn SL Development Bonds Issue

Sri Lanka’s Central Bank (CBSL), on behalf of the Government, has only been able to raise US $ 165.5 million via the latest issuance of Sri Lanka Development Bonds (SLDBs) to the tune of US $ 200 million since only US $ 196 million worth of bids received, reports highlight.   In a similar move…

(0) Comments | May 23, 2019 12:28 pm
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Analysis

Biz confidence slumps again in April – and is set to worsen post-Easter Sunday

Business Sentiment – Index Falls To a Decade-Plus Low The sad truth is that Sri Lanka Inc. will suffer as much as the people, following the deadly Easter Sunday explosions in the commercial capital and elsewhere that rocked a nation basking in the glory of nearly 10 years of peace on the ground – and…

(0) Comments | May 7, 2019 11:27 am

Lakshman Silva, CEO of DFCC Bank on the Bank’s latest Rights Issue

Why do you think it is necessary to go for a Rights Issue at this time? The main objective of this Issue is to increase the Tier 1 Capital of the Bank in order to accommodate and support the Bank’s future business expansion and continue our well established franchise of being the premier provider of…

(0) Comments | April 8, 2019 12:01 pm

Business Sentiment – Index Stumbles on Budget Fears 

Panic ahead of the 2019 budget leads to a retreat in business confidence in March A recent communiqué by Fitch Ratings asserts that Sri Lanka is taking steps to reduce fiscal and economic risks while also restoring policy certainty following the disruption caused by political upheaval late last year. However, it cautions that “there remain…

(0) Comments | April 2, 2019 10:28 am
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