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International Monetary Fund (IMF ) directed the Central Bank of Sri Lanka (CBSL) to remain vigilant in monitoring inflation pressures and stand ready to tighten monetary policy if needed to contain inflation or credit growth.

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Someone once said that driving is an art that is perfected every time you take to the wheel. It also requires a vehicle that is an extension of your personality. Mitsubishi’s Outlander PHEV, the world’s first plug-in hybrid electric SUV is especially designed to create more than just a regular driving experience.

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Pan Asia Banking Corporation PLC (PABC) ‘s asset-quality metrics further deteriorated during 1H17 relative to higher-rated peers, which has put pressure on the bank's improved capitalisation following its LKR2.1 billion rights issue in March 2017, Fitch ratings announced

Wednesday, 04 October 2017 05:50

Incentives for R&D in Budget 2018: Harsha

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The upcoming Budget will have “generous” incentives to encourage research and development to make the economy more competitive, while also removing para-tariffs, cess and other obstructions for the private sector to make Sri Lanka a logistics hub in the Indian Ocean, a top official revealed yesterday.

Wednesday, 04 October 2017 05:48

SLT opens SEA-ME-WE-5 Submarine Cable

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Sri Lanka Telecom’s SEA-ME-WE-5 Submarine Cable landing station at Browns Hill, Matara was formally opened this week and will enable SLT to provide a higher transmission speed at reduced cost.

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Following the momentous acquisition of Singer (Sri Lanka) by Hayleys Plc last month, Hayleys Plc Chairman and Chief Executive Mohan Pandithage was appointed Chairman of Singer (Sri Lanka) and business tycoon and Co-Chairman Hayleys Plc Dhammika Perera was appointed Co-Chairman of Singer (Sri Lanka).

Tuesday, 03 October 2017 05:48

NTB to raise Rs. 3.5 b via debenture

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Nations Trust Bank Plc has announced plans to raise Rs. 3.5 billion via a listed debenture issue.

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Interbrand, one of the world’s largest brand consultancies, has announced the Best Global Brands for 2017.

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Building on the successful campaign held in October 2016, The Kingsbury will embark on another breast cancer awareness campaign under The Kingsbury Nurtures – the CSR arm of The Kingsbury in collaboration with the Cancer Care Association of Sri Lanka. This year’s programme is to conduct 4 breast cancer consultation and screening clinics The Kingsbury, Winchester Ballroom on; Friday 6th Oct 2017 from 10 am – 2pm, Thursday 12th – 4pm – 8pm,Friday 20th – 10am – 2pm,Wednesday 25th - 4pm -8pm

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Ideal Motors partnered with the Consumer Cooperative Societies Federation of Sri Lanka Ltd [COOPFED], in a landmark venture whereby the entire range of Mahindra commercial and passenger vehicles, as well as all products marketed by the Ideal Group of companies will be available at attractive discounted prices to the combined membership of all 300 facilities of the COOPFED members of all nine provinces, numbering eight million!

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