People’s Leasing recognised for responsible corporate citizenship

People’s Leasing and Finance (PLC) was recognised as one of the Best Ten Corporate Citizens at the Best Corporate Citizen Sustainability Awards 2017, presented by the premier trade chamber in the country, the Ceylon Chamber of Commerce.

HNB Al Najaah scoops three awards at Islamic Finance Forum

Hatton National Bank’s Islamic Banking product, Al Najaah won three accolades at the recently concluded Islamic Finance Forum, South Asia (IFFSA) awards night, competing against Islamic Banking giants from Pakistan, Kuwait, Bangladesh and Maldives.

NDB relocates Ratnapura branch to satisfy customer convenience

NDB relocated its Ratnapura branch to a more spacious and a conveniently accessible location at No.211, Main Street, Ratnapura in a bid to provide a better service experience to people in the area.

Vallibel Finance opens latest branch in Wennappuwa

Vallibel Finance, a much respected force in the competitive financial sphere, got the new year off to a rising start with another new branch opening, this time in the coastal town of Wennappuwa.

Visa data reveals Lankans spent more on food and apparel this holiday season

Visa, the world’s leader in digital payments, recently released spent data for the month of December 2017, indicating a spike in spending across categories in particular, across apparel, food and groceries and home improvement by Sri Lankan consumers during the holiday season.

Sri Lanka tea output up in 2017 for first time in four years

REUTERS: Sri Lanka’s tea output rose 5 percent year-on-year to 307 million kilograms in 2017, recovering from a seven-year low hit in the previous year, the state-run Tea Board said yesterday.  

Removal of tax exemptions to boost revenue by 0.5%: IMF

?The removal of tax exemptions through the new Inland Revenue Act (IRA) Sri Lanka legislated last year will increase the country’s revenue by 0.5 percent of Gross Domestic Product (GDP), according to the International Monetary Fund (IMF). 

Lanka Ashok Leyland profits double as new vehicle sales spike

The profits of Lanka Ashok Leyland PLC virtually doubled during the most recent quarter ended in December (3Q18) as the company made phenomenal growth in sales of new vehicles during the three months. 

Forensic audit on bonds, EPF by external party: CB

The audit into the issuance of government securities by the Central Bank and the alleged losses to the Employees’ Provident Fund (EPF) from 2008-2014 will be undertaken by an external party, the country’s monetary and financial sector regulator said in a statement yesterday.

Interest rates carry upward bias in 2018: CAL

Despite the recent easing seen in the interest rates and the money market liquidity remaining in the positive territory for one of the longest stretches in recent times, Sri Lanka’s interest rates carry, “a slight upward bias” but the monetary sector stability will remain on track, said CAL Research. 

India lends US$ 45mn to develop KKS harbour

Export-Import (Exim) Bank of India has extended a US $ 45.27 million credit line to Sri Lanka to upgrade and rehabilitate the Kankesanthurai (KKS) harbour as a commercial port.

DI unveils new brand logo and concept

Aleader in leather footwear in Sri Lanka, Ceylon Leather Products PLC announced the re-launch of the brand DI, in a bid to augment the traditional, British military perception of DI shoes, to a lifestyle oriented brand fuelled with generations of quality and trust.

eZ Cash rolls out first phase of ATM machines in Northern Province

Sri Lanka’s first and largest mobile money and payment service, eZ Cash, rolled out the first phase of its mobile-operated ATM machine to selected retailers from the Northern Province. 

Lanka Tiles recognized for social dialogue and workplace collaboration

Lanka Tiles PLC clinched the exemplary Gold Award in the medium scale manufacturing industry segment at the recently concluded ‘Excellence in Social Dialogue and Workplace Collaboration Awards 2017’ held at the BMICH.

Three Sinha receives two Golds at entrepreneur awards

Three Sinha Group of Companies, an organization that constantly strives to break new barriers in the roller door industry, won the Gold Award in Extra Large Category – National Level and the Gold Award in Extra Large Category – Western Province at Sri Lankan Entrepreneur of the Year 2017 Awards Ceremony organized by the Federation of Chambers of Commerce & Industry of Sri Lanka (FCCISL). 

JF Packaging clinches Gold and Silver at Lanka Star Awards

JF Packaging (Pvt) Ltd received two Gold and three Silver Lanka Star awards at the recent Lanka Star Awards for 2017, organized by the Sri Lanka Institute of Packaging.

CATIC-Eng for China and Sri Lanka friendship held in Colombo

The new year sports function of CATIC-Eng (China National Aero Technology International Engineering Corporation) for China and Sri Lanka friendship, the annual function of CATIC Sri Lanka was held at the premises of St. Joseph’s College, Colombo on January 6.

Employment in agriculture sector falls to all-time low

Sri Lankans have been fleeing the weather-stricken agriculture sector for nine months in a row, according to the data released by the Census and Statistics Department last week.

Dimensions Brings the Ancient Art of Energy Healing into 21st Century in Sri Lanka

For thousands of years many cultures around the world have been known to study the various energies tha

The Fairway National Literary Awards 2017

One of the gala events associated with the Fairway Galle Literary Festival is the presentation ceremony of the prestigious Fairway National Literary Awards

MullenLowe and Quantum to Reveal Top 10 Consumer Trends for 2018

Leading integrated communications agency MullenLowe Sri Lanka and premier consumer behaviour specialists company

Allianz Lanka Rewards Grade 5 Scholarship Exam Toppers with Sisu Diriya

Allianz Lanka awarded scholarships to students who had excelled in the Grade 5 scholarship examination

DI heralds a brand-new look

Aleader in leather footwear in Sri Lanka, Ceylon Leather Products PLC announced the re-launch of the brand DI

From challenges to opportunities: The Success of DSI Samson Group

Mr. Kulathunga Rajapakse is no stranger to Sri Lanka’s industry and entrepreneur circles. As Managing Director

Mastercard Leads Conversations at the Digital and Innovation Workshop

Mastercard hosted over 210senior representatives from banking, financial services and retail, as well as other

Sampath Bank Engages With SMEs and Other Stakeholders to Share Knowledge

Continuing to support businesses around the nation, Sampath Bank, one of the leading commercial banks in the country

Ultimate Motorworks launches first fully integrated auto-care workshop

Introducing a novel service concept to the Sri Lankan market, fully integrated auto-care specialists Ultimate Motorworks

Unit trusts make steady progress as tax scare fizzles out

Sri Lanka’s unit trust industry, which once was at the receiving end of losing protectionist-type tax exemptions and lower tax rates, made some steady progress since the new taxes came into effect with the five largest funds making gains in their assets under management (AUM). 

Empowering private sector with talented workforce

An economy is driven by both the public and private sectors, duties of which are clearly defined in economics, in order that economic growth can be further accelerated. The public sector sets the ground, so that the private sector can play efficiently and score. 

A team with shared values creates a proactive workforce

Why should the members of your team get out of bed on a heavy rainy morning and trudge through deep overflowing water to come to work? If your answer is a simplistic ‘because they’re getting paid to do a job’, you probably don’t appreciate the importance of having a clear and compelling team purpose.