Category: Other
Seylan Bank Annual Report wins top awards at ARC Competition
The Seylan Bank 2014 Annual Report ‘It’s A Beautiful Performance’ won Gold, Silver & Bronze Awards at the recently concluded ARC International Awards and League of American Communications Professionals (LACP) Vision Awards. The Bank’s 2014 Annual Report won ‘Gold’ & ‘Bronze’ Awards in the Banking Category at the ARC International Awards held recently. ARC Awards […]
‘s next High Commissioner to Sri Lanka
Today I announce the appointment of Bryce Hutchesson as Australia’s next High Commissioner to Sri Lanka.Mr Hutchesson will also have non-resident accreditation to the Maldives. Australia has a close and long-standing bilateral relationship with Sri Lanka, underpinned by growing trade and investment ties and extensive people-to-people links. Two-way trade in 2014 was 0 million and […]
Asian Alliance gets Asia Insurance ‘Innovation of the year’ award
press release 11th November 2015: Emphatically reiterating its status as Sri Lanka’s most innovative insurer as well as a regional leader in innovation in the insurance industry, Asian Alliance Insurance PLC clinched the prestigious ‘Innovation of the year’ award at the 2015 edition of the coveted Asian Insurance Awards, the region’s only awards ceremony of […]
‘A Dollar A Kilo’ SriLankan Cargo introduces new air freight service
SriLankan Cargo will revolutionize air freight to Colombo from seven cities in the Middle East with the launch of its ‘A Dollar A Kilo!’ service this month. The new service has been especially designed to cater to the needs of Sri Lanka’s migrant workforce in the Middle East, who often send gifts, baggage and other […]
Range Rover unveils Evoque convertible
Land Rover has unveiled the world’s first luxury compact SUV convertible. Range Rover Evoque Convertible combines the bold design and refinement of Evoque with comprehensive specification and a sophisticated folding roof to create a no compromise, all-season convertible. The ground breaking and distinctive shape of the original Range Rover Evoque lends itself to an elegant […]
Laugfs eyes Asian market with USD80mn LPG terminal, 10 ships
Nov 18, 2015 (LBO) – Sri Lanka’s Laugfs group plans to expand into Asian waters more aggressively with the launching of its planned LPG terminal to be built at Hambantota port, the group chairman said. “We are now aggressively working to become a leading LPG player in other Asian markets, and with this significant investment […]
Lux reinforces its enduring power…
Unilever’s House of Lux, a celebration of the enduring power of Fine Fragrances and all that’s feminine saw a gathering of the elite including beauty queens, film stars, models, corporates and socialites at the Cinnamon Grand on 16th of November, when this iconic beauty brand once again revolutionized the way women experience fragrances, by infusing […]
Fitch assign Mercantile Investments and Finance BBB- rating
Fitch Ratings Lanka has assigned Mercantile Investments and Finance PLC (MIF) a National LongTerm Rating of ‘BBB-(lka)’. The Outlook is Stable. The agency has also assigned the company’s outstanding senior unsecured debentures a National LongTerm Rating of ‘BBB-(lka)’.KEY RATING DRIVERS NATIONAL RATINGS MIF’s rating reflects its modest franchise stemming from its long operating history, satisfactory capitalisation and loanbook exposure to less […]
Lamudi identifies top gadgets to improve Sri Lankan real estate market
From drones to virtual reality, the impact of technology on the real estate industry is growing rapidly in Sri Lanka.The use of drones have helped high rise building developers provide buyers with a view of the city from each floor, even before construction has begun; virtual reality allows buyers to experience the inside of a […]
Govt intervention in Colombo tea auction detrimental to sector: Fitch
Nov 17, 2015 (LBO) – Sri Lanka’s government intervention into the Colombo tea auction will be detrimental to the sector as it will make Sri Lankan tea less competitive in a global market that is over-supplied, Fitch Ratings said. The Sri Lankan government in October 2015 allocated 1.0 billion rupees to purchase tea at the […]
Ceylon Chamber to host post budget seminar
The Ceylon Chamber of Commerce will hold its customary post national budget seminar on the 27th November, 2015 with the participation of a top panel, which will consist of high ranking officials from the Ministry of Finance and also taxation specialists. The event, which will be held at the Ceylon Chamber of Commerce auditorium will […]
High Commissioner Esala Weerakoon presents Credentials to Indian President
High Commissioner of Sri Lanka to India Esala Weerakoon presented Credentials to the President of India Pranab Mukherjee at Rashtrapathi Bhavan in New Delhi on Friday, 13 November 2015. High Commissioner Weerakoon is a senior career diplomat. Since he joined the Sri Lanka Foreign Service in 1998, he has served as Ambassador to Norway, High […]