People’s Bank gives away iPhone 15 in exclusive YouTube promo

People’s Bank is currently offering Apple iPhones for selected individuals who have subscribed to the bank’s YouTube channel. The lucky winner of the Apple iPhone 15 at the recent draw was Sanduni Wathsala from Dummalasuriya. The prize was presented by Nalaka Wijayawardana, Head of Marketing at People’s Bank. Expressing her excitement, Sanduni Wathsala said, “Having followed People’s Bank Facebook page, I stumbled upon a post offering a chance t

SLSI honours ComBank for winning global award

The Sri Lanka Standards Institution (SLSI) recently paid a special tribute to Commercial Bank of Ceylon in recognition of the bank’s victory at the Global Performance Excellence Awards of the Asia Pacific Quality Organisation (APQO) last year. Commercial Bank was one of only eight organisations named ‘World Class’ winners of the Global Performance Excellence Awards,consequent to a submission made by the bank on the recommendation of SLSI,to the A

CTC recognised as ‘Top Employer’ for fourth year

Ceylon Tobacco Company PLC (CTC) has achieved the ‘Top Employer’ title for the fourth consecutive year. The accreditation received acknowledges companies that prioritize the well-being and professional development of their employees, which promote a culture of excellence and innovation. Monisha Abraham, Chief Executive Officer, and Managing Director of CTC, expressed profound pride in this achievement, attributing it to the passion and dedicatio

Majority lie to get a job: Survey

More than half of the respondents in the US have said that they would lie to get a job they really wanted, according to the latest survey by StandOut CV. Though the survey was conducted in the US, HRO believes the results remain relevant to the Asian region.

Continental Insurance certified as ‘Great Place to Work’

Continental Insurance Lanka Limited (CILL) has received the coveted Great Place to Work certification. Based on the survey, CILL employees endorsed ‘fairness’ as the company’s strength, specifically indicating employees feel most positively that “Managers avoid playing favourites”. Additionally, the top Workplace Health Indicator was identified as “Long term association with the organization” demonstrating employees enjoy their work and feel moti

Unlocking senior wealth in Sri Lanka

Sri Lanka is in the midst of a quiet revolution, one that is not marked by political upheaval or technological breakthroughs, but by the subtle shifting of its demographic landscape.

Pan Asia Bank posts steady performance during FY 2023

Pan Asia Banking Corporation PLC reported a pre-tax profit of Rs.2,328 million for the year ended on December 31, 2023, which is a 258 percent increase compared to the corresponding period of last year, supported by the improved net interest income, increased trading gains from government securities and reduced exchange losses. The bank increased the impairment provision buffers held regarding investments in International Sovereign Bonds of the

Lankan wellness market spotlighted for Europeans

A boost to Sri Lanka’s wellness tourism is in the offing from Europe, following the launch of a digital campaign in an effort to position the country as a premier wellness destination in Asia. Interface Tourism, a leading marketing and communications agency, launched a wellness campaign to promote Sri Lanka, targeted at the French and German markets. The initiative, commissioned by the European Union Delegation, with the support of the Sri Lanka

Lion Brewery sees continuous slump in beer volumes

Lion Brewery (Ceylon) PLC said its beer volume sales fell 20 percent in the three months ended in December 2023, after a 12 percent decline seen in the previous three months, extending its quarters-long loss of volumes. The company mainly attributed the sales volume slump to people trading down to illicit liquor, as they lost their disposable income on the back of the elevated prices of everything, caused by the economic crisis and also the 44 pe

Jaffna International Airport upgrade initiatives begin

Sri Lanka’s North will witness a boost in connectivity, with the efforts to upgrade Jaffna International Airport (JIA) kicking off. The Airport & Aviation Services yesterday called for Expressions of Interest (EOIs) for enhancing facilities, infrastructure and capabilities of JIA. As per a notice, the EOIs were called by the Cabinet-Appointed Negotiation Committee, on behalf of Airport & Aviation Services. “The objective is to enable the operatio

Bank of Ceylon, People’s Bank slapped with administrative penalties

Two of Sri Lanka’s largest commercial banks have been penalised by the Central Bank for non-compliance with the provisions of the Financial Transactions Reporting Act. The Financial Intelligence Unit (FIU) of the Central Bank announced yesterday that state-owned banks Bank of Ceylon and People’s Bank as well as MMBL Money Transfer have been penalised. The FIU collected Rs.14 million for the period from September 27 to December 31, 2023, which ha

Central Bank urges legal reforms for stronger credit recovery

With a view to ensure continuity of businesses and job security of employees, the Central Bank (CB) has called for legal reforms to further strengthen Sri Lanka’s Parate execution law and other credit recovery laws in order to shorten the credit recovery cycle on par with global practices .

Dialog Axiata returns to black with stronger operating results

Dialog Axiata PLC reported a profit for the three months ending in December, attributed to improved operating results....

HNB records sustainable performance in FY23

Hatton National Bank PLC (HNB) for the financial year 2023 has delivered sustainable performance across liquidity....

FIU and Excise Department join forces against financial crimes

Sri Lanka’s Financial Intelligence Unit (FIU) and the Excise Department signed a Memorandum of Understanding (MOU) to tackle....

PGP Glass records lower revenues in December quarter

PGP Glass Ceylon PLC reported lower revenues and profits in the three months ended in December 2023, in a sign that the....

Asia Capital sues Belluna Co Japan over unpaid dues

In a new turn of events, Asia Capital Plc has gone to court seeking redress over the monies owed by the Belluna Co. Ltd. of Japan....

JAICA renews support for BIA terminal construction

Japan International Cooperation Agency (JICA) is to support the construction of the second terminal of Bandaranaike International Airport...

Stalled due to recission

The construction of the second terminal of BIA, which started in 2020 at a cost of Rs.145 billion, under the JICA soft loan...

SriLankan Cargo with cargo.one to digitalise sales

SriLankan Cargo and cargo.one unveiled an exciting global partnership to bring the Sri Lankan national carrier’s cargo capacity...

Emirates SkyCargo honoured at STAT Times Awards

Emirates SkyCargo was named International Airline of the Year at the STAT Times International Awards for Excellence in Air...

Spiralling ocean freight rates from Far East to US may have peaked

The Red Sea crisis sent ocean freight rates from the Far East to US spiralling by more than 150 percent but there appears...

Arkia Airlines to operate direct flights to Colombo from March

Sri Lanka will see an increase in tourists from Israel, with Arkia Airlines set to operate direct flight to Colombo from March. Arkia...

World Shipping Council proposes levy on eco-unfriendly shipowners

The World Shipping Council (WSC) has proposed imposing additional environmental charges on shipping companies. The idea...

Hambantota Port-Thailand Ports Authority strengthen bond

Given Sri Lanka’s recent interest in Thailand for trade and commerce, the officials from Hambantota International Port Group ...

HNB demonstrates resilience amidst economic challenges

Hatton National Bank PLC (HNB) kicked off its financial year with optimism, hoping that the worst of the financial crisis was...

ComBank’s ‘Goldnet’ payment system marks 16 years

Commercial Bank of Ceylon recently celebrated 16 years of successful operations of the ComBank Goldnet system – the bank’s....

ComBank ‘Pita Rata Wasi’ promo offers Rs.4mn

Cash rewards totalling Rs.4 million are to be showered on Commercial Bank’s remittance customers in an early countdown....

Dialog’s ‘Genie Business’ leads Sri Lanka’s UPI debut

Dialog’s fintech solution, Genie Business, took centre stage at the inauguration launch of India’s Unified Payment Interface ....

Hayleys Aventura-Invertek enhance industries’ energy efficiency

Leading industrial solutions provider Hayleys Aventura, in partnership with global leader Invertek, renowned for cutting-edge....