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Binod-Chaudhary

Nepal’s first billionaire Binod Chaudhary, Chief Guest of the 178th AGM of the Ceylon Chamber of Commerce

Mr. Binod Chaudhary, who is regarded as Nepal’s first billionaire and the only one from the Himalayan republic to be listed on Forbes Magazine’s billionaire’s list will be the Chief Guest of the 178th Annual General Meeting of the Ceylon Chamber of Commerce.   Chaudhary led CG Corp|Global Chaudhary Group is a conglomerate comprising over…

(0) Comments | June 22, 2017 4:09 pm

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Mahindra-03

Ideal Vision Auto & Lifestyle Show 2017, driven by Mahindra & Mahindra

Exclusive Auto & Lifestyle show combines with the launch of seven new Mahindra vehicles.   2017 has been a remarkable year in the history of the Ideal Group and Mahindra & Mahindra Ltd in Sri Lanka,  with a plethora of new offerings and ventures having taken place.   Hard on the heels of their mega…

(0) Comments | June 22, 2017 12:47 pm

Keto On Your Feet: The Sandwich Factory and Fit.lk presents a 40 Day Transformation Challenge

Two seemingly unlikely allies have joined forces for a 40-day body transformation challenge. The Sandwich Factory is partnering with personal trainers Fit.lk for the Go Keto Bootcamp – a one and a half month challenge to commit to the Ketosis diet, a pathway to rapid weight loss and boundless energy. Only 10 places are available…

(0) Comments | June 22, 2017 12:41 pm

The modern day woman’s favourite footwear – Jessica – opens exclusive store

The trendy, savvy and hip local women’s footwear brand ‘Jessica’, opened its exclusive store at No. 160 Bauddhaloka Mawatha, Colombo 04 on 9th June. The store houses a wide range of footwear and accessories under the Jessica brand, which are fashion focused, vibrant and colourful. Emphasizing on the brand’s mantra ‘Every woman is a Diva’,…

(0) Comments | June 22, 2017 12:34 pm

INSEE Cement creates employable youth and sustainable livelihood in Puttalam

On its journey towards building brighter futures for the nation, Sri Lanka’s premier cement manufacturer INSEE Cement, spearheaded the renewal of the Memorandum of Understanding (MOU) between the Enterprise based Vocational Education (EVE) training center and the National Apprentice and Industrial Training Authority (NAITA) recently. The agreement extending a period by five years was signed…

(0) Comments | June 22, 2017 12:22 pm

BMICH awarded prestigious Green Certification

Re-asserting its longstanding commitment to the environment, the S.W.R.D. Bandaranaike National Memorial Foundation (BMICH) was recently recognised with the prestigious “ISO 14064-1:2006” pollution control certification, awarded by the Sri Lanka Climate Fund.   The “ISO 14064-1:2006” certification specifies principles and requirements at organisation level for quantification and reporting of greenhouse gas (GHG) emissions and removals….

(0) Comments | June 22, 2017 12:17 pm

hSenid and Effective Solutions Launches MiCar- Programmable Robotic car

With a primary goal of creating a networking space for the programming community of Sri Lanka, hSenid Mobile Solutions (hMS), together with Effective Solutions (Pvt) Ltd., recently conducted an event on robotics and programmable cars. The event titled “MiCar- Your own programmable car” was to encourage young programmers to participate and share their experiences about…

(0) Comments | June 22, 2017 12:14 pm

Guaranteed cash rewards up to Rs. 100,000 for all HNB customers with Pathum Vimana Rewards

Expanding on the its pioneering efforts to incentivize the savings habit, Sri Lanka’s most innovative bank, HNB PLC, called upon all of its customers to utilize its unprecedented new level of service offering to engage with the bank and ensure that they claim all the valuable rewards available to them with HNB Pathum Vimana Rewards….

(0) Comments | June 21, 2017 9:44 pm

The Factory Outlet rising above the shores of Galle

The Factory Outlet, known to be one of Sri-Lanka’s exclusive fashion retail provider opened its wings to penetrate a fashion concerned, design oriented audience living along the coast of Sri-Lanka. TFO unveiled its brand new outlet in Galle under the theme ‘Rising Beyond Fashion’, conveniently located at 123 Colombo Road Kaluwella, Galle (Opposite Keells Super)…

(0) Comments | June 21, 2017 9:35 pm

Hemas commemorates ‘World Environment Day’ with Otara

The staff of Hemas Holdings PLC recently commemorated World Environment Day 2017 with Otara Gunawardena speaking on this year’s global theme ‘Connecting People to Nature’. Her inspiring address to the audience was based on her personal experience on environmental issues Sri Lanka faces in the current context.   She spoke of her strong sense of…

(0) Comments | June 21, 2017 1:27 pm

Over 50 Commercial Bank branches to be kept open on June 26 – Ramazan Festival Day

The Commercial Bank of Ceylon has announced it will keep more than 50 branches open for business on Monday, 26thJune, a Public and Bank holiday to mark Id-Ul-Fitr – Ramazan Festival Day.   The Commercial Bank branches that will operate on that day, which is not a mercantile holiday, include the Bank’s 29 Supermarket Banking…

(0) Comments | June 21, 2017 10:43 am

Top News

CSE-20170117_124410

Sri Lankan shares close at 17-mth high ahead of cbank review

Reuters – Sri Lankan shares rose on Wednesday to a 17-month closing high, on gains in financials and food and beverage stocks, ahead of the central bank’s policy review later in the week where interest rates are expected to be held steady. The Colombo stock index gained 0.38 percent at 6,731.25, its highest close since…

(0) Comments | June 22, 2017 10:33 am

Inflation decreases in May

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), decelerated to 7.1 per cent in May 2017 from 8.4 per cent in April 2017, on year-on-year basis. This deceleration is mainly due to the base effect amid a monthly…

(0) Comments | June 22, 2017 10:30 am

Aavishkaar strikes second deal in Sri Lanka

Aavishkaar Venture Management Services Pvt. Ltd, an investment firm that backs enterprises working in rural areas, has struck its fifth deal through its South and Southeast Asia-focussed vehicle. Aavishkaar Frontier Fund has invested an undisclosed amount in Sri Lanka-based logistics solutions provider Grasshoppers Pvt. Ltd – its second investment in the island nation after food…

(0) Comments | June 21, 2017 11:01 am

Labor shortage hits Sri Lanka’s cinnamon industry

Dearth of peelers leaves world’s leading exporter with harvest shortfalls Nikkei Asian Review – Along Sri Lanka’s west coast, towns like Negombo have abundant green cinnamon farms that keep peelers of the bushes’ fragrant inner bark busy. Pesthathanthri Sumathipala, a seasoned peeler, is up at dawn to lead a small crew of peelers through a…

(0) Comments | June 21, 2017 10:57 am

Sri Lanka and Nepal to promote tourism

Sri Lankan Embassy in Nepal organized a meeting with the Nepal Travel Agents on 15th June 2017 to promote Tourism.   Welcoming the guests, Ambassador W.S. Perera emphasized the importance of promotion of Tourism to further strengthen the economic relations.   Most of the participants emphasized the importance of having direct flights between Colombo and…

(0) Comments | June 21, 2017 10:30 am

Sri Lankan shares edge up, led by banks

Reuters – Sri Lankan shares rose on Tuesday as investors picked up banking and diversified stocks, but foreign investors turned net sellers after two days of buying. The Colombo stock index ended 0.32 percent firmer at 6,705.45, with foreign investors selling a net 120.7 million rupees worth of shares. They have bought 20.7 billion rupees…

(0) Comments | June 21, 2017 10:21 am

Qatar Airways is once again the best airline in the world

Qatar Airways has been named the best airline in the world for 2017 by the leading consumer aviation website Skytrax. The Gulf-based carrier was presented with the honor at Tuesday’s World Airline Awards at the 2017 Paris Air Show. The prestigious award ceremony is often referred to as the “Oscars of the aviation industry,” and the…

(0) Comments | June 20, 2017 8:32 pm

Thabbowa tourism zone to be opened next year

The government plans to open the Thabbowa tourism Zone  in Puttlam next year said State Minister for Irrigation and Water Resources Management Palitha Range Bandara. The tourism zone will be created centering the Thabbowa reservoir and the Thabbowa Sanctuary while the Neelabamma environmental zone will also be included. At a meeting held in Anamaduwa recently,…

(0) Comments | June 20, 2017 1:00 pm
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Analysis

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JLL Sri Lanka Launches New Report on Real Estate

Comprehensive insights indicate increasing role of Realty in the Sri Lankan growth story Key Findings: Sri Lanka debut ranking of 69 on JLL’s Global Real Estate Transparency Index Colombo office market comprises nearly 1 million square feet of Grade A stock at 95% occupancy Increased demand for residential property from wealthy and middle classes. Growing…

(0) Comments | June 14, 2017 5:21 pm

Rise Of Inflation And Other Negative Factors Has Decreses The Economic Expectation

Perceived Economic Opportunity PEO: March, 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 March 2017 covering all districts in Sri Lanka on their expectations of economic prospects in the ensuing twelve months.   STATUS…

(0) Comments | June 5, 2017 3:00 pm

The Dangers of Pirated Software

By Shafraz Farook Never has there been a greater time to be a pirate. Not since the days of “Black Sam” Bellamy has it been so lucrative either. The need to pillage and plunder, though, has shifted from the Caribbean Sea to the Internet. Gold coins and fine rum have given way to software discs…

(0) Comments | May 29, 2017 10:36 am
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