Criticality of risk weighted assets in risk management

In the process of financial intermediation, banks mobilize deposits and deploy them in loans and investments in tune with the Central Bank guidelines to create assets. 

Sri Lanka Tourism gets to grips with Colombo’s tourism boom

Since 2009, Sri Lanka has witnessed far-reaching development when it comes to the hospitality and travel industry. 

Emirates firms up orders for 36 A380s worth US$ 16 billion

Emirates, the world’s largest international airline, signed a contract for 20 additional A380 aircraft and 16 options, firming up the Memorandum of Understanding (MoU) that was announced in January.  The total agreement for 36 aircraft is valued at US$16 billion based on latest list prices. Deliveries are to start as early as 2020.

AirAsia poised to play key role in Sri Lanka’s travel and tourism market

Tourist arrivals to Sri Lanka are expected to cross the four million mark by 2020, doubling the record of two million arrivals achieved in 2017. 

Hemas Hospitals partners MaGE to strengthen skills of nursing staff

Sri Lanka’s leading private healthcare provider Hemas Hospitals announced its partnership with Manipal Global Education Services (MaGE) in India, with an aim to strengthen and raise the standards and skills of their nursing staff.

Serviced Office Spaces by GrandSpace– A Flexible and Timely Solution

The latest entrant on the scene of professional workspaces, GrandSpace One (Pvt) Ltd, celebrated the opening of their very 

Leo Burnett’s Murtaza A. Tajbhoy win the IAA Champion Award

Murtaza A. Tajbhoy, Chief Strategy Officer of Leo Burnett Sri Lanka was awarded the IAA Champion Award. He is the first Sri Lankan to win this prestigious accolade

Softlogic Properties brings city dwellers its Everest Apartments

Softlogic Properties (Pvt) Ltd, a fully owned subsidiary of Softlogic Holdings PLC, brings city dwellers affordable luxury apartments

Message by H.E. Mr. Mohammad Zaeri Amirani, Ambassador of the Islamic Republic of Iran to Sri Lanka

On the happy occasion of the 39th anniversary of the Islamic Revolution, it is a great honour for me to share with you the joy of the Iranian people on this momentous occasion.

‘Travel Outlook’ relocates to Bambalapitiya

‘Travel Outlook’ Destination Management Company (DMC) recently relocated its Sri Lanka office from Pamankada Road, Colombo 6 to Colombo 4. 

Kenya Airways launches flights to Mauritius

Kenya Airways has launched direct flights to Mauritius as part of its broad strategy to expand its footprint across Africa.   

Singapore Airlines’ first Boeing 787-10 to serve Osaka

Singapore Airlines (SIA) announced that Osaka will be the first scheduled destination for its new Boeing 787-10 fleet, with services expected to begin in May this year. 

Emirates Skywards clinches ‘Excellence in Management’ award

Emirates Skywards, the loyalty programme of Emirates airline, has clinched the award for ‘Excellence in Management’ at the 10th annual Loyalty Awards 2018 organised by FlightGlobal and Global Flight and held in Bangkok on February 6th.

Sri Lanka Tourism holds photography contest to promote destination

Sri Lanka Tourism collaborated with Cinnamon Hotels to encourage local and foreign photographers to highlight their talent and capture unique locations of Sri Lanka, to fascinate the world, by providing prize money to winners of the Cinnamon Photography Contest 2017. 

Sri Lanka Tourism sees Mumbai as market of high growth potential

Sri Lanka Tourism started its 2018 tourism calendar with a positive output by participating in the 5th edition of the India International Travel & Tourism Exhibition –IITT 2018, with more than 28,000 visitors and more than 500 fully-hosted buyers attending it. This travel extravaganza was held from 11th to 13th January. 

Logicentrix to develop logistics centre in Muturajawela

Logicentrix (Pvt.) Ltd, a fully-owned subsidiary of Dart Global Logistics (Pvt.) Ltd, has ventured into the development of a state-of-the-art logistics centre, at the Muturajawela Logistics Park.

Pio Marine wins Shramabhimanee Excellency Award

Pio Marine, a leading company in manufacturing boats and the leading supplier of boats to the Fisheries and Disaster Management Ministries and the Red Cross, recently won the annual Shramabhimanee Excellency Award in recognition of the dedicated service to uplift the marine industry in Sri Lanka.

CASA and maritime hub aspirations

We were taught at that old school this tale of the ‘monkey in praise of his own tail (MPHOT). Today, a few who run the agency show in Sri Lanka, at the Ceylon Association of Shipping Agents (CASA), can be called monkeys in praising of their own tails, as seen in published media. Recently, a writer to Daily Mirror challenged the numbers produced by the CASA in a professional manner in terms of contribution to the economy. This is 

Malaysia’s Dato’ Ts to be CILT International President in 2020

The Chartered Institute of Logistics and Transport is announced Dato’ Ts Abd Radzak Abd Malek FCILT as International President Elect. Radzak will assume the presidency in January 2020. 

CILT SL to host Logistics and Transport National Excellence Awards, Scholarships in July

The official awards ceremony of the Chartered Institute of Logistics and Transport Sri Lanka (CILT SL) organised with the intention of recognizing individuals and corporates, those who have immensely contributed to the development of the logistics and transport industry, will be hosted in July 2018. 

Samsung leads Sri Lankan market

Reiterating its position as world’s number one smartphone, Samsung is confident in maintaining a majority of market share in Sri Lanka, says Hanbae Park - Managing Director of Samsung Sri Lanka. 

Huawei overtakes Apple as C-NPS Customers’ Most Recommended Brand

China’s leading brand rating organization Chnbrand released China Net Promoter Score Index (C-NPS) research results for 2018. 

Former Navantis CEO gives major impetus to iTelaSoft

One of Sri Lanka’s cutting-edge tech companies– iTelaSoft recently announced its second consecutive year of rapid growth following the entry of Indaka Raigama, the former Chief Executive Officer of Navantis as its CEO. 

DirectPay founder outlines how digital payments shaping future of e-Commerce

The payment ecosystem has been evolving rapidly in the last few years with the surging shift towards digital payment options.  This continuous growth in the entire global payments ecosystem has  led to entrepreneurs and startups inventing new and innovative mechanisms to improve the way we move money in society. 

Bileeta teames up with SLT for SaaS on ‘akaza’ Cloud and reselling partnership

Sri Lanka Telecom PLC (SLT) strengthened its Cloud Platform, ‘akaza’ portfolio with signing an agreement with Bileeta(Pvt) Ltd to resell the EntutionCloud ERP solution to the SME and Mid-Market in Sri Lanka and globally. 

SLIM Nielsen People’s Awards on March 9

In 2006, two giants in Sri Lanka’s marketing sector came together to initiate the only awards programme in the country, the SLIM Nielsen People’s Awards, where brands and personalities are recognized and acclaimed based on the preference of the public.  

SLIM holds Certification Ceremony for inaugural Digital Marketing batch

The first batch of the inaugural Certificate in Digital Marketing (CDM) successfully completed the programme and was recognised for the efforts at the Sri Lanka Institute of Marketing (SLIM) Certification Ceremony held recently.

Accommodating larks and owls: Toughest assignment for a virtual team leader

With the increasing growth of worldwide organisations and improved methods of electronic communication, virtual teams are growing in number and importance. As a team leader, you may well find yourself asked to lead a team of people who are spread across countries and continents and who rarely, if ever, meet each other in person. Clearly, leading such a team presents particular problems.

IMF’s Lagarde says market swings aren’t worrying, but wants reforms

REUTERS: Sharp swings in global financial markets in the past few days are not worrying since economic growth is strong but reforms are still needed to avert future crises, the Managing Director of the International Monetary Fund (IMF) said on Sunday.

Commercial Bank to keep 70 branches open on Mahasivarathri Day

The Commercial Bank of Ceylon has announced it will keep 70 branches open for business on Tuesday, February 13th, a Public and Bank holiday to mark the Mahasivarathri festival.