Nations ATM user surprised with brand new iPhone X

Every customer who withdrew cash at any Nations Trust Bank ATM during the last weekend of December 2017 was entered into a lucky draw to win a brand new Apple iPhone X.

LOLC Al-Falaah wins big at IFN Best Banks Poll 2017

LOLC Al-Falaah was awarded winner of the ‘Best Islamic Bank’ category for Sri Lanka in the ‘IFN Best Banks Poll 2017’ according to the results published by IFN recently.

HNB organises walk for priority customers to launch ‘HNB Fit’

HNB’s Green Path Customer Centre recently organised a walk for it’s fitness-conscious, ‘Priority Club’ customers, encouraging them to earn higher interest rates on their accounts, based on the number of steps taken.

People’s Bank gifts newborns to celebrate 70th Independence

Commemorating Sri Lanka’s 70th National Independence Day, the head office and all People’s Bank branches organised Independence Day celebrations islandwide.

Artificial Intelligence in risk management

Risk management in banks are data dependent and data driven.The standard of integrity of data can define the precision with which the measurement of a risk can be undertaken.

ICTA and Provincial Councils and Local Government Ministry unveil eLocal Government Solution

In what is identified to be the culmination of a long-tailed digitisation process involving local government bodies, the Information and Communication Technology Agency (ICTA) of Sri Lanka together with the Provincial Councils and Local Government Ministry ceremoniously unveiled the eLocal.

Fortunaglobal launches Sri Lanka’s first Sinhala and Tamil news bot

Colombo-based Fortunaglobal has achieved another milestone by teaming up with Ada Derana to extend the LISA AI-based bot platform to the news and entertainment industry by launching Sri Lanka’s first trilingual AI-based bot for the Ada Derana Digital.

Mylinex partners Cyaniq ahead of Mobile World Congress 2018

Mylinex, the pioneering telecommunications signaling solutions provider to the Asian region based in Colombo partnered full-scope communications consultancy Cyaniq to gear-up its communication strategy ahead of the Mobile World Congress scheduled to be held in Barcelona from February 26th to March 1st, 2018.

Oppo partners with Qualcomm in 5G Pioneer Initiative

At the 2018 Qualcomm Technology Day in China, Oppo, one of the most popular international smartphone brands, announced partnership with Qualcomm Technologies in the ‘5G Pioneer Initiative’ to explore ways toward mobile technology innovations in the 5G era.

Rangs selects IFS Applications 9 to drive retail business efficiency

IFS, the global enterprise applications company, recently announced that Rangs Industries Ltd (RIL), the leading consumer electronics company in Bangladesh, has signed a contract to implement IFS Applications 9 to manage finance, supply chain, and retail operations.

Govt. tax revenue grows 11.4% up to November

The Treasury managed to collect Rs. 1.7 trillion in revenue from January to November 2017, recording a 11.4 percent increase compared to the corresponding last year, pushing the government finances further into a primary surplus, despite overall fiscal slippage.

Ceylon Hotels Corp, China Harbour form JV to build resort in Maldives

A Ceylon Hotels Corporation (CHC) subsidiary will be forming a joint venture with a subsidiary of the China Harbour Engineering Company Limited (CHEC) to develop a US$ 50 million, 85-100 room resort in the Maldives.

Ankara to file defamation case against Yamu.lk

Ankara, an up-market Turkish restaurant in Colombo yesterday said they are filing a Rs.150 million defamation suit against Yamu.lk, a popular food blog and content-based company and its Founder/Director Indi Samarajiva.

AG highlights loophole in EPF’s 30% refund scheme

The Auditor General has highlighted a possible loophole in the laws governing the ‘30 percent’ housing and medical refund scheme, through which well over Rs. 40 billion has been withdrawn from the country’s largest retirement fund since 2015.

Online license issuing system goes live to accelerate import/export procedures

The Information and Communication Technology Agency of Sri Lanka (ICTA) in collaboration with the Import and Export Control Department (IECD) has developed an online license issuing and debiting system to further simplify and accelerate import/export procedures. 

SDB Bank hosts Lakdaru Award Ceremony 2017

SDB bank organised a special award ceremony for Lakdaru account holders who have qualified grade five scholarship examinations in 2017, G.C.E. O/L examinations in 2016 and Facebook Art Competition winners and the grand felicitation was held at the National Youth Centre, Maharagama on January 27th 2018, which gathered over 1,500 participants.

Fashion Bug hosts Sisu Dirimaga career guidance programme for students

One of the country’s leading clothing retailers, Fashion Bug conducted and hosted an effective career guidance programme under its progressive Sisu Dirimaga CSR programme at Zahira College, Hambantota.

Hettigoda Group donates school bags for year one students

All year one students who began a new chapter in their young lives, at Sri Dharmarama Maha Vidyalaya, Ratmalana, the initial lap of the long journey of education received new school bags with the compliments of  Siddhalepa.

Hayleys Puritas Sathdiyawara wins big At Energy Globe World Awards 2017

Puritas, a subsidiary of Haycarb Group and a member of Hayleys PLC was announced the world winner in the category of Water, for its acclaimed Hayleys’ Puritas Sathdiyawara project for providing clean drinking water to people with chronic kidney disease through its reverse osmosis water purification systems and comprehensive strategic village upliftment.

Some salient features of proposed Securities Exchange Act: PART II

Another important provision included is found at section 69 of the proposed bill, which imposes an obligation on an auditor of a market institution to inform the respective board of directors, with a copy to the commission, in instances where (a) any matter which, in his opinion, adversely affects 

Economic policy – Are we down the wrong lane?

The esteemed economists and the International Monetary Fund (IMF) seem to be in agreement with this approach. I disagree with both and of the view that the strategies built on the above will lead us deeper into economic wilderness. 

Is Sri Lanka on course for a lost decade?

May 19, 2019 will mark 10 years since the civil war in Sri Lanka ended with the complete annihilation of the Liberation Tigers of Tamil Eelam. Post-civil war Sri Lanka has been a story of missed opportunities. Former President Mahinda Rajapaksa utilised his post-civil war popularity among the Sinhalese majority to amend the constitution to strengthen the presidency and remove term limits. His ‘illiberal peace building’ approach focuss

‘Lead like a Girl’: Empowering Sri Lanka’s female leadership

Sri Lanka is widely acclaimed for its success in achieving many crucial human development indicators. However, surprisingly the country lags behind when it comes to achieving gender-related targets set by global development agendas. 

SLPBC hosts biz delegation led by Pakistani Commerce Minister

The Sri Lanka Pakistan Business Council (SLPBC) recently hosted a meeting with a team from Pakistan, under the leadership of Mohammad Pervaiz Malik, Federation Minister for Commerce and Textile of Pakistan.

AmCham to hold business breakfast with Stephen Renna

Stephen Renna, Director, Advocacy Center, U.S. Department of Commerce, International Trade Administration will meet with members of the American Chamber of Commerce in Sri Lanka this Friday.

Chilavathurai will be rebuilt; industrial zone in Kondachchi: PM

Prime Minister Ranil Wickremesinghe has said that the Chilavathurai city will be rebuilt and an industrial zone will be set up in Kondachchi.

‘Meet the High Commissioner of B’desh” at National Chamber

Sri Lanka Bangladesh Business Co-operation Council of the National Chamber of Commerce, will host the High Commissioner of Bangladesh to Sri Lanka , Riaz Hamidullah, as a Special Guest Speaker on ‘Bilateral Trade Between Sri Lanka  and Bangladesh’ on February 8th  at the Chamber, from 3.00 p.m. to 4.30 p.m.

SLT celebrates 160th anniversary by empowering 160 schools

The leading telecommunication in the country, Sri Lanka Telecom celebrated its 160th anniversary by conducting programmes to share knowledge and technology with schools in rural areas, enhance the well-being and protect the environment.

Adidas Official Partner for the FIFA World Cup Russia 2018

Adidas took great pride in participating in the historical FIFA World Cup Trophy Tour 2018 at an event held recently 

Sri Lankan youth can now enjoy all-new Nestomalt Gold with a refreshing new taste

Sri Lanka’s iconic malt beverage Nestomalt has launched a delicious new Ready-To-Drink (RTD) variant, Nestomalt Gold.