Hub point launches modern and innovative co-working office spaces

The global movement of co-working has arrived in Sri Lanka with the launch of Hub point, a company that provides purpose-built shared office spaces in the heart of Colombo. 

Five ways to make textbooks relevant in digital world

In 2009, the New York Times published an article titled: In a Digital Future, Textbooks are History. Since then, many have queried whether textbooks are needed in a digital world, given that extensive and often free online resources are now available.

SLIM holds inauguration for first CIM intake of 2018

The Sri Lanka Institute of Marketing (SLIM), the renowned National Marketing body and premier Institute for Marketing education in Sri Lanka, is dedicated to constantly furthering the boundaries of Marketing philosophy in the country.

Lanka Property Web Aims To Replicate The Success Of Its Inaugural Event

Over 20 exhibitors are expected to participate at Sri Lanka’s largest property show, scheduled to be held on February 16th and 17th at the Kingsbury Hotel. 

Certification Ceremony for the Inaugural Digital Marketing Batch of SLIM held

Today’s world requires a successful career man or a woman to be at the top of their game to reach the pinnacle of success

Pee Bee Group among Asia’s Greatest Brands and Leaders

Pee Bee Management Services Pvt Ltd, manufacturer and owner of the household brand Flora Tissues, very

Mobitel Cash Bonanza winners drive away with brand new Montero Jeeps

The National Mobile Service Provider, Mobitel’s Cash Bonanza programme recently awarded Mr. P. R. Fernando of Negombo 

Virtusa Showcases Innovation and Tech Prowess at Tech Month

Virtusa announced the launch of “Virtusa Tech Month”, a celebration of the company’s innovative spirit and technology leadership,

Multi Finance PLC wins big at Annual Report Awards 2017

Sri Lanka’s trusted financial solutions provider, Multi Finance PLC (MFPLC) was honoured with the Award for Compliance at the recently concluded 53rd Annual Report Awards organised by the Institute of Chartered Accountants of Sri Lanka.

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.