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DFCC Bank Records An Impressive Performance In 2017

DFCC Bank continued to demonstrate positive momentum across businesses in 2017 as a rapidly growing commercial bank completing its second year after the amalgamation.   Despite a backdrop of higher taxes, volatile interest rates, tight margins and intensifying competition, the Bank closed the financial year ended 31st December 2017 with a profit before tax of…

(0) Comments | February 21, 2018 3:33 pm

Featured

ARIYANA Resort Apartments launched by Home Lands Skyline

Resort Living at Your Doorstep   Going somewhere else to relax your mind & body will soon to be outdated, with the initiation of Home Lands Skyline’s – ARIYANA Resort Apartments – one of its kind of project, which has already changed the concept of apartment living. For the first time in Sri Lanka, with…

(0) Comments | February 21, 2018 3:45 pm

JLanka Technologies – Creating a space for Engineers and Architects to come together

Sri Lanka’s pioneer and leader in Solar PV (Photovoltaic) Systems and Next Generation Energy Technologies – JLanka Technologies is committed to lighting up the country’s trail towards a greener future with its technological expertise and industry strength. The Company has to date completed over 3000 projects and surpassed the 25MW of electrical capacity. Serving a…

(0) Comments | February 21, 2018 3:36 pm

A Revolution in Green Construction: TOKYO SUPER + Blended Hydraulic Cement

Revolutionizing the construction industry yet again Tokyo Cement Company (Lanka) PLC introduces TOKYO SUPER +, a specially formulated Blended Hydraulic Cement with Fly Ash to provide greater strength and durability.  Certified to deliver the highest strength in the 100-day strength test, the unique blend of this cement gains more strength with time, making it ideal…

(0) Comments | February 21, 2018 3:29 pm

DentsuGrant Sri Lanka joins the Dentsu Aegis Network Regional Conference in Hyderabad

The Dentsu Aegis Network (DAN) recently held its trail blazing annual conference in Hyderabad, India. The conferencesaw an in-depth sharing of knowledge on market dynamics, unique networking opportunities, an in-depth discussion on emerging industry issues and a way-forward harnessing digital tools. The DentsuAegis Network also took this opportunity to welcome Sri Lanka’s advertising giant Grant…

(0) Comments | February 21, 2018 3:27 pm

DIMO Academy for Technical Skills receives German Chamber of Commerce certification

The DIMO Academy for Technical Skills (DATS), the state-of-the-art automobile training academy commenced in partnership with Daimler AG, Germany, was recently certified by the German Chamber of Commerce to conduct German Dual Vocational Education in Sri Lanka.   This prestigious and sought-after recognition is the result of the high-quality standard maintained by DIMO in providing…

(0) Comments | February 21, 2018 3:25 pm

Land Rover Official Vehicle Partners of Sri Lanka Wonder of Asia IRONMAN 70.3

Takes Bookings for their luxurious line-up of Plug-in Hybrid Electric Vehicles SML Frontier, sole agents of Land Rover proudly announces their partnership with Sri Lanka Wonder of Asia IRONMAN 70.3 Colombo as the official vehicle partner. The collaboration brings one of the most recognised brands in the world to the shores of Colombo, with over…

(0) Comments | February 21, 2018 3:22 pm

Sarvodaya Finance joins LankaPay Common ATM Network

Making yet another momentous milestone in their journey towards fostering an economically progressive society; living with dignity, Sarvodaya Development Finance joined LankaPay Common ATM Network via LankaPay hosted solution, which consists of LankaPay Shared ATM Switch (SAS) and LankaPay Card Management System (CMS) with state-of-the-art technology. Sarvodaya Development Finance is the second member to avail…

(0) Comments | February 21, 2018 12:33 pm

EWIS Peripherals partners with Pantum, a leading printer manufacturer and solutions provider

EWIS Peripherals (Pvt) Ltd, a pioneer in introducing industry leading digital printing, imaging and power solutions to the local market for the past 32 years, has partnered with Pantum as their authorised distributor. This partnership will enable Pantum to sell their range of printers via direct and indirect sales channels through the islandwide EWIS network….

(0) Comments | February 20, 2018 11:12 am

JAT Holdings serves Sri Lanka Tennis with new world-class stadium and experience center

Further reiterating its commitment to uplifting sports in Sri Lanka, diversified conglomerate JAT Holdings (Pvt) Ltd, recently commenced a joint-initiative with the Sri Lanka Tennis Association (SLTA). The foundation stone for the state-of-the-art “JAT Stadium” at the SLTA was laid at the SLTA premises by Prince Edward, Earl of Wessex, and the Countess of Wessex…

(0) Comments | February 20, 2018 11:04 am

HNB sponsors Royal College Rowing Club for 2018/19

Sri Lanka’s premier private commercial bank, HNB PLC came forward recently to sponsor the Rowing Club of Royal College Colombo for the year 2018/19, through a Memorandum of Understanding (MoU). The signing of the agreement between HNB, Royal College and Royal College Union took place at the Royal College Colombo, paving a path for a…

(0) Comments | February 20, 2018 11:00 am

Top News

Elevating the Artist : How the John Keells Foundation re-imagines CSR

By Natalie Soysa Large enterprises engaging in CSR activities may be commonplace, but its ability to empower lives is incomparable. Some of the biggest brands in the world have opted to re-visit what CSR means, changing the corporate responsibility game altogether. In America, Google CEO Sundar Pichai opted to stand up for “what’s right” through…

(0) Comments | February 21, 2018 3:19 pm

CBSL says Financial stability is essential for prosperity and sustainability

Financial stability is a necessary condition for achieving prosperity and sustainable growth in the country the Governor of the Central bank of Sri Lanka Dr. Indrajit Coomaraswamy said yesterday. He also pointed out that constructive and effective relationships between the prudent supervisors and audit regulators can enhance financial sector supervisions Speaking at the 12th International…

(0) Comments | February 21, 2018 2:24 pm

Sri Lankan stocks end at over 3-month high on hopes of political stability

Reuters – Sri Lankan shares ended higher for a third straight day on Tuesday on hopes of political stability after the prime minister decided to stay in office and reshuffle his cabinet in the wake of a stinging loss in local elections for both parties in the ruling coalition. The coalition parties held a cabinet…

(0) Comments | February 21, 2018 10:51 am

Amãna Bank PAT tops Rs 500 million, recording a 10-fold growth

~ Operating Profit crosses Rs 1 billion Amãna Bank completed a successful 2017 by achieving a Profit After Tax of Rs 502.8 million, reflecting a remarkable YoY growth from Rs 40.6 million in 2016. Profit Before Tax for the same period showcased a 619% growth to read at Rs 739.3 million. The Bank’s Financing Income…

(0) Comments | February 20, 2018 10:46 am

Sampath Bank reports profit after tax in excess of Rs 12 Bn

Becoming probably the only bank in Sri Lanka to reach this milestone within 30 years   Sampath Bank posted a Profit After Tax (PAT) of Rs 12.1 Bn for the year ended 31st December 2017, an impressive 32.7% YoY growth compared to Rs 9.1 Bn recorded in the previous year. Similarly, Profit Before Tax (PBT)…

(0) Comments | February 20, 2018 10:44 am

Sri Lankan stocks steady in dull trade; political woes weigh

Reuters – Sri Lankan shares ended steady on Monday in thin trade amid political uncertainty after both parties in the ruling coalition suffered defeats in a local election earlier this month. Turnover stood at 288.4 million rupees ($1.9 million), well below the daily average of 849.7 million rupees. The Colombo stock index ended 0.03 percent…

(0) Comments | February 20, 2018 10:36 am

Seylan Group reports Profit-After-Tax over Rs. 5 billion, 24% Year on Year Growth

In the backdrop of challenging external environment, Seylan group reported a resilient performance by recording a Profit after Tax of Rs. 5,004 Million for the year ended 31st December 2017, which is the highest profit reported in its history. Seylan Bank also continued its growth momentum by achieving a profit after tax of Rs. 4,430…

(0) Comments | February 20, 2018 10:34 am

SAARC Chamber Women Entrepreneurs Council (SCWEC) launches ‘By the women, for the women, to the women’

Throughout the centuries, a plethora of cultural and social taboos have been associated with menstruating girls and women, as well as menstrual health. In many parts of the world, women are still not allowed to leave the confines of their homes while menstruating. While menstrual hygiene and menstruation related concerns are relevant to more than…

(0) Comments | February 19, 2018 5:01 pm
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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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