10 December 2018
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Shivani Hedge called back from Sri Lanka to salvage Maggi brand

maggiShivani Hegde, who made Maggi a household name in India, is back to rescue it. As brand Maggi is going through troubled times, Nestle Global CEO Paul Bulcke has called Hegde back from Sri Lanka temporarily for damage control, India Times reported. Read more...

HSBC to cut up to 50,000 jobs, slash investment bank

HSBCHSBC (HSBA.L) will cut almost 50,000 jobs from its payroll, take an ax to its investment bank and shrink its risk weighted assets by $290 billion in an effort to improve its sluggish performance, Europe's biggest bank said on Tuesday. Read more...

Hambantota port loan: China defends hike in interest rate

portcityLoans obtained from China under commercial terms may explain why Sri Lanka paid a higher interest rate to borrow US$ 307 million for the Hambantota Port project’s first stage. China’s state media on Thursday cited an unnamed “leading financial expert” in Sri Lanka as saying Colombo had sought commercial loans. This was the choice Sri Lanka made in the absence of loans on preferential terms at the time from Beijing. Read more...

Huawei revolutionize Sri Lankan mid-range Smartphone market

huawe 1Huawei's local sensation Honor extends model range by introducing G Play, 4X and 6 Plus Smartphone trio for the discerningly bold20th May 2015, Colombo - Sri Lanka: 
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eMarketingEye bags 5 Awards at “The Communicator Awards 2015”

emarketingSri Lanka’s top online marketing agency continues to excel globally

eMarketingEye, the award-winning Sri Lankan online marketing agency, gained more international acclaim as they bagged five awards at the prestigious 21st Annual Communicator Awards (2015) held recently.

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Regus Sri Lanka’s flexible workspaces revolutionizing work

rogue 1168% of companies globally link increasing revenues directly to flexible working

Regus Sri Lanka, the local arm of the world's largest provider of flexible workspace, is changing the way companies in Sri Lanka work, with their business centers offering entrepreneurs, start-ups, SME’s and even Multinational Corporations (MNCs) flexible workspaces in and around the city of Colombo. Read more...

1st Capital Wealth Fund: SL’s Best Performing Fixed Income Unit Trust for 2nd Consecutive Year

best consecutiveFirst Capital Asset Management Limited, Managers of the First Capital Wealth Fund,announced a dividend of Rs. 140 per unit. The First Capital Wealth Fund has been recognized as Sri Lanka’s best performing Fixed Income Unit Trust for 2014 and 2013, as per statistics issued by the Unit Trust Association. With an annualized yield of 15.48% (as of 31st March 2015) the First Capital Wealth Fund, which invests in debt and government securities, declared dividend representing 95.9% of net profit after tax for 11 months ending 28February 2015. Read more...

IMF raises concern over Sri Lanka's fiscal deficit

imf logoThe International Monetary Fund raised concern on Wednesday over Sri Lanka's fiscal deficit in 2015 and the medium term after the new government increased wages and spending. Read more...

Investors wait for economic reform in Sri Lanka

my3Sri Lanka voted in a new president in January who promised to clean up a business environment plagued by allegations of corruption and cronyism. Read more...

CID permitted to investigate 81 bank accounts of Gamini Senarath

gamini seColombo Chief Magistrate Gihan Pilapitiya yesterday permitted the CID to investigate 81 bank accounts of former President's Chief of Staff Gamini Senarath. Read more...

260 powerful Sri Lankans have secret Swiss accounts

swisThe Inland Revenue Department (IRD) is to ask a group of locally-based Sri Lankans with secret Swiss bank accounts to make a fresh assets’ declaration after a new complaint was filed seeking action on their undeclared foreign accounts. Read more...

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