GroupM becomes top award-winning media agency of 2017

GroupM Sri Lanka became the country’s most awarded media agency in 2017, successfully adding another two medals to its collection at the Campaign Asia Agency of the Year Awards in Mumbai on December 5th 2017.

Oppo launches ‘F5 Youth’ in Sri Lanka

Oppo, the selfie expert and leader, recently unveiled the Oppo F5 Youth especially targeted towards the next generation, the youth.

IIT wins multiple awards at prominent ICT competitions

The pioneer in providing British higher education in Sri Lanka, the Informatics Institute of Technology (IIT) once again bagged multiple accolades for innovation at prominent ICT competitions which were held recently.

Mitra Innovation to expand recruitment in 2018

Digital transformation and product innovation are driving the global tech economy to great levels of success.

Huawei conducts ‘Tech Service Days’ in Sri Lanka

Huawei, the number one growing smartphone brand in Sri Lanka conducted exclusive ‘Tech Service Days’ across the island spanning a three month period. The Tech Service Days were offered exclusively for Huawei customers who had the opportunity to visit the nearest centres for all their smartphone servicing needs.

Sampath Bank introduces Slip-less transactions

For the first time in Sri Lanka, Sampath Bank, the pioneer in innovative banking solutions, recently launched Slip-less transactions to provide its customers with even greater convenience by ridding them of cumbersome form filling. 

People’s Bank staff welcomes 2018 giving service oath

The staff of People’s Bank commenced operations in the new year, 2018, giving the service oath.

Lankaputhra Development Bank inaugurates business activities for 2018

Lankaputhra Development Bank (LDB) inaugurated its business activities for the new year 2018 recently, blessing  the country.

SDB holds new year celebrations

The staff of SDB bank head office began the year 2018 with a Buddhist religious ceremony.

Deutsche Bank faces new 740 mn-euro claim

REUTERS: Investors are suing Germany’s biggest lender Deutsche Bank for 740 million euros, alleging they were underpaid for shares in subsidiary Postbank, local media reported Wednesday.

DFCC Bank launches ‘Season of Gifts’ new year campaign

Persevering in its mission to inculcate the savings habit amongst the nation’s population, DFCC Bank yet again introduces an exciting new year campaign named ‘DFCC Season of Gifts’ for customers to secure their financial future by opening savings accounts with DFCC Bank. 

World Finance declares ComBank best in Sri Lanka for digital, mobile banking

Commercial Bank of Ceylon PLC has been recognised as the ‘Best Digital Bank’ in Sri Lanka and has been presented the award for the ‘Best Mobile Banking Application’ by the prestigious London-based ‘World Finance’ magazine celebrating achievement, innovation and brilliance at its annual awards for 2017. 

Resolutions, goals and a guide to investing in 2018

New year is typically a time to review one’s life and to set new goals through resolutions. But whilst many will focus on personal goals such as going the gym or spending time with one’s family, financial goals can be just as important: setting targets around saving for retirement, education or a down payment for a first home.  As such, ensuring that your portfolio continues to produce the best balance of risk and returns for you

FTA with Malaysia: Will it lead to an expansion in flow of trade and investment?

Malaysian Prime Minister Najib Razak, who was on an official visit to Sri Lanka in December 2017 to mark the 60th anniversary of diplomatic relations between the two countries, has agreed with his counterparts to expand cooperation in fields such as trade and investment. 

China boosts investment in Sri Lankan mega-project

AFP: China will invest US$1 billion in the construction of three 60-storey buildings at a mega-project near Sri Lanka’s main port, Colombo, as Beijing aims to boost its influence in the Indian Ocean.

Lanka Exhibition and Conference Services celebrates 15 years

Creating the perfect opportunities for industries to prosper, Lanka Exhibition and Conference Services (Pvt.) Ltd (LECS) has been a true facilitator of trade for well over a decade.

Former WTO chief in town to win support for French bid for World Expo 2025

Former Director General of the World Trade Organisation (WTO) Pascal Lamy, inter-ministerial delegate in charge of the preparation of the French candidature for the World Expo 2025 will arrive to Sri Lanka on January5thto present the French bid.

First tea sale for 2018 concludes with 5.8mn/kg on offer

The first sale of the year concluded this Wednesday had on offer 5.8 million-kilograms. Low Growns (large leaf teas) witnessed a buoyant market whilst weak demand was encountered by the high and mid grown small 

Pakistan’s central bank allows yuan-based trade with China

The Hindu: Pakistan’s central bank has allowed the Chinese yuan to be used for bilateral trade and investment activities, a move which could replace the US dollar for transactions in strategic CPEC projects.

Chandula to Speak on impact investing in Ottawa International Forum

Chandula Abeywickrema, the Chairman of Lanka Impact Investing Network (Pvt.) Ltd (LIIN), the first impact investing private equity fund and network of Sri Lankan Impact Investors and the Co-Fonder of Ath Pavura, the first TV reality show for social entrepreneurs and impact investors was invited by World University Service of Canada  (WUSC).

THASL up in arms against ‘No locals allowed’ policy

The apex hotel association in the country yesterday expressed dismay over ‘no locals allowed’ policy of certain hotels in the country, who are not the members of their association.

Cargills Bank reports recurring net loss of Rs.16mn for 3Q

Cargills Bank Limited made a recurring net loss of Rs.16 million for the third quarter ended in September 30, 2017 from a profit of Rs.26.4 million during the corresponding quarter last year, as loan loss provisions rose and operating expenditure swelled.  

Jetwing Symphony shares to debut on CSE today

Over 502 million ordinary voting shares of Jetwing Symphony Ltd. will debut on the Colombo Stock Exchange today. The share under the security code JETS-N-0000 will be listed on the secondary Diri Savi Board.

Renuka Capital ups stake in Unity Plaza owners; triggers mandatory offer

Renuka Capital PLC, formerly Kalamazoo Systems PLC, this week bought 2.1 million shares or 12.25 percent of On’ally Holdings PLC, the owners and operators of the Unity Plaza building in Bambalapitiya, for Rs.103 million.

DFCC announces up to Rs.7bn Basel III sub debt

DFCC Bank PLC yesterday announced its director board’s decision to raise up to Rs.7 billion as Basel III compliant subordinated debt. 

Flexible inflation targeting regime by 2020: CB

The Central Bank will transition towards a Flexible Inflation Targeting (FIT) framework by 2020 under a new Monetary Law Act, Central Bank Governor Dr. Indrajit Coomaraswamy said this week.

Central Bank vows to tighten screws on finance firms

The Central Bank will tighten the screws when regulating the Non-Banking Financial Institutions (NBFIs) going forward and remain committed to consolidation in the financial sector, Central Bank Governor Dr. Indrajit Coomaraswamy said.

Port City construction in full swing

Work on the US $ 1.4 billion China-funded Colombo Port City is steaming ahead. The developing company, China Harbour, is expected to invest a further US $ 1 billion on the construction of three 60-storey buildings within the Port City that will house the proposed Colombo International Financial Centre. The Central Bank expects FDI flows into the Port City and Hambantota port to drive Sri Lanka’s growth 

Avian Technologies hosts Sophos Partners at gala event

Avian technologies, a leading provider of total unified threat management and secure content management

GroupM highest award-winning Media agency of the year

GroupM Sri Lanka became the country’s most awarded media agency in 2017, successfully adding another