Mobitel pioneers 4.5G (4G Plus) network to revolutionize Sri Lanka

Sri Lanka’s National Mobile Service Provider, Mobitel, is proud to be the first to initiate the roll out of the 4.5G network

IASL is ready to Celebrate Life’s Superheroes

The Insurance Association of Sri Lanka (IASL), declared the commencement of the Life Insurance Sales Awards 2018

15 Days of Love At The Hilton Colombo

Love is in the air this February at the Hilton Colombo, offering exciting experiences for all ages including entertainment

Habitat for Humanity Sri Lanka on a mission to forge ‘Partnerships with Purpose’

Habitat for Humanity Sri Lanka’s (HFHSL) President and Chairman of the National Board of Directors – Lakshan Madurasinghe’s unique

EPF gets zero returns from majority of private equity investments

?The country’s largest retirement fund, the Employees’ Provident Fund (EPF), which is under the custodianship of the Central Bank, has to this day not generated any returns for the Rs.9.3 billion in private equity investments made up to 2014.

Sugar tax hits carbonated beverage volumes

The recently introduced sugar tax has begun to eat into the food and beverage sector businesses as the demand for sugary carbonated drinks has dropped by a significant margin—an indication that the higher prices have pushed away consumers from high sugar fizzy drinks. 

Higher costs weigh on Access Engineering 3Q performance

Higher costs weighed on Sri Lanka’s Access group during the December quarter (3Q18), as the leading infrastructure developer reported significantly lower profits for the period, despite a positive top line performance. 

Lankan women entrepreneurs need US $ 350mn in financing: World Bank

Sri Lankan women entrepreneurs are in need of US $ 350 million in finances, according to the World Bank Group’s private equity arm, the International Finance Corporation (IFC), which recently outlined a potential investment worth US $ 15 million in an effort to pique further investor interest in the area. 

Parent to buy Rs.3.2bn worth of land, shares from Janashakthi General

Janashakthi Insurance PLC will be purchasing fixed and portfolio investments totalling Rs.3.7 billion held by its subsidiary Janashakthi General Insurance Ltd, which is being acquired by global insurance leader Allianz S.E. for Rs.16.4 billion.

South Korea appeals court frees Samsung heir

AFP: A South Korean appeals court yesterday upheld Samsung heir Lee Jae-Yong’s bribery conviction but cut his prison sentence to a suspended term, ordering his immediate release.

Air Asia bullish about Lanka’s  tourism industry; wants to set up local commercial team

Air Asia, the Malaysian low-cost carrier, is expecting greater tourist arrivals to Sri Lanka through its flights this year based on flight reservations so far, and is forging ahead with increasing the airline’s presence in the island. 

Eleventh Industrial Excellence Awards to be held this week

The 11th  Industrial Excellence Awards 2017 will be held on 9th February at the Ramada Colombo.The Chief Guest will be Dr. Indrajith Coomaraswamy, Governor of the Central Bank of Sri Lanka. 

How to invest in a bull market

Understanding bull markets is a key to the success of any investor. This article is going to explain what a bull market is and offer some tips when investing in a bull market. It will also cover several investment strategies that are used by investors to adjust security holding positions during these periods.

Some salient features of proposed Securities Exchange Act

In the early part of this year, the legislature will consider the promulgation of the new Securities Exchange Act, which will provide the legal framework for the regulation and supervision of the capital market.

Union Bank mobile app drives new era of digital banking

Since the launch of its mobile application last year, Union Bank has made great strides in popularising the concept of digital banking through its mobile app, with the aim to offer an easy, quick and convenient banking experience to its clients.

Signal embarks landmark initiative to take Sri Lankan smile to the world

Signal, Unilever’s iconic oral healthcare brand, embarked on an ambitious journey to take our unique Sri Lankan smile to the world as part of its legendary Signal Sina Bo Wewa initiative this year. Collecting smiles from around the island, the Signal Sina Bo Wewa will be appointing six Sri Lankans with the most appealing smiles as the country’s first ever smile ambassadors to undertake this mission together with the brand.

People’s Bank achieves highest ATM transactions during festive season

People’s Bank reported an unprecedented value of cash transactions via its ATMs during the recently concluded December festive season where the total transaction volume reached nearly Rs.42 billion through the massive network of 500 ATMs operating round the clock, islandwide.

CLC launches range of smart savings solutions

Commercial Leasing and Finance PLC (CLC) has launched a range of savings account solutions that have been touted to be the smartest, safest and most convenient way of saving and accessing day to day financial needs, whilst providing the ability to benefit from increasingly high returns.

Home Lands Skyline launches two projects in Athurugiriya and Malabe

Celebrating their success at Asia Property Awards ceremony in their annual gathering, Home Lands Skyline held the launch of Ariyana Resort Apartments Residencies, Athurugiriya and Sparkles Skyline Residencies, Malabe, with a total of 423 new units under their wings.

Munchee receives British Retail Consortium’s ‘AA’ certification

Munchee, the flagship brand of Sri Lanka’s leading biscuit manufacturer Ceylon Biscuits Limited (CBL), was recently awarded with the prestigious ‘AA’ (Double A) certification by the internationally renowned British Retail Consortium (BRC).

CSE awarded ISO certification for quality management in HR

The Colombo Stock Exchange was recently awarded the ISO 9001: 2015 Quality Management System certificate for Human Resources by Bureau Veritas Certification Holding SAS – UK Branch, confirming that the CSE has implemented a quality management system for HR in which all processes and procedures have been carefully designed and quality-tested according to international standards.

NDB Araliya to strengthen and support women in fulfilling ambitions

NDB believes that women are the real architects of society, often carrying a load far greater than possible- whether they’re mothers, sisters, or wives, and therefore NDB has designed ‘Araliya’, a savings account which will support women in fulfilling their ambitions.

Swadeshi Khomba launches ‘Swarnabisheka Wasana’ Promotion

Pioneer herbal personal care products manufacturer Swadeshi has invited users of Sri Lanka’s number-one herbal beauty soap ‘Khomba’, to participate in a new promotion ‘Swadeshi Khomba Swarnabisheka Wasana’ to win beautiful 22K Gold Pendants on a daily basis and environmental friendly Electric Scooters monthly.

Combank receives Best Green Bank and Best Private Bank awards

The Commercial Bank of Ceylon recently received the awards for ‘Best Green Bank’ and ‘Best Private Bank’ in Sri Lanka presented by International Finance Magazine (IFM) of the UK, at the magazine’s annual awards held this year at Marina Bay Sands, Singapore.

Empire Teas clinches accolades at National Tea Awards

Empire Teas, the premier tea exporter ranked among the top three in the country, added two further accolades to its name at the recently concluded National Tea Awards organised by the Sri Lanka Tea Board.

CDB Corporate Finance strengthens SMEs with dynamic value added services

Sustaining and developing Sri Lanka’s Small and Medium Enterprises (SMEs) is critical in generating economic growth and prosperity.

Metecno Lanka introduces mineral wool sandwich panels

Leading manufacturer of energy efficient Sandwich Panels and high quality Zinc Aluminium, Metecno Lanka (Pvt.) Ltd, has yet again contributed to the construction industry by investing in a brand new continuous panel line for mineral wool (rock wool) sandwich panels.

Odel introduces oceanic Spring 2018 collection

If fashion is about dressing for the occasion, time and place, Odel’s beach-inspired Spring 2018 Collection gives inhabitants of the paradise isle and visitors the perfect attire and accessories to effect a chic seasonal makeover.

HNB enhances seven-day banking by adding personal financial loan services

Bringing greater convenience to their weekend banking customers, Sri Lanka’s largest private sector commercial bank, HNB PLC, added personal financial services to their already existing seven-day banking customer centres.

Highlights of Sri Lanka-Singapore FTA

On January 23, 2018, Sri Lanka marked a significant watershed in the development of its economy when it signed a free trade agreement (FTA) with Singapore after 18 months of negotiations between the trade negotiation teams of both countries.