Pan Asia Bank welcomes 2018

The Chairman, the senior management and the staff of Pan Asia Bank ceremonially welcomed the year 2018 at its Head Office in Colpetty on the 2nd January, the first working day for the 

Amana Bank opens first self-banking centre at Slave Island

Amana Bank inaugurated its first self-banking centre at Slave Island under the patronage of Chief Executive Officer Mohamed Azmeer alongside the bank’s Director Jazri Magdon Ismail and members of the management committee.

Seylan Bank reaches milestone opening 150th Pahasara library

Seylan Pahasara, Seylan Bank’s flagship CSR initiative which has transformed many underprivileged school libraries with access to quality education, reached milestone achievement with the opening ofthe 150thPahasaralibrary at C W W Kannangara Vidyalaya amidst distinguished gathering. 

Hayleys’ Puritas Sath Diyawara wins National Energy Globe Award

Puritas, a subsidiary of Haycarb PLC and a member of Hayleys Group was presented with the National Energy Globe Award Sri Lanka 2017 in recognition of its efforts to provide quality drinking water for Sri Lankans living in the areas affected by Chronic Kidney Disease (CKDu).

CSSL re-elects past year’s Executive Council members

 Yasas V. Abeywickrama was re-elected as President of Computer Society of Sri Lanka (CSSL) on December 5th at the AGM held at Taj Samudra Hotel for the year 2018. 

BeWaxed to open waxing salon at ‘The Mall at One Galle Face’

Sri Lanka’s premier waxing salon BeWaxed will feature among top-notch luxurious brands at ‘The Mall at One Galle Face’. Due to open in 2019, The Mall will be a welcome addition to a growing metropolis that is the city of Colombo. 

Sadaharitha sees exciting career paths sprouting from commercial forestry

With the world focusing on the need to conserve the environment for posterity, commercial forestry has come to the forefront as a way of preserving planet earth’s delicate eco system, encouraging more and more people to focus on keeping our world green.   

SriLankan Airlines: Turnaround or crash land ?

A lead article on SriLankan Airlines (‘A pawn in the political chess game’ Daily Mirror, November 10, 2016) concluded a year ago that “All governments that have ruled the country so far, should admit that the state-owned enterprises (SOEs) are making and have become an unbearable burden on the country’s economy due to their stupid and rash actions.”

EY talks of things to know about Fourth Industrial Revolution

Like the three that preceded it, the Fourth Industrial Revolution will mark a significant change in the way we work. Made possible by the emergence of digital systems, networked communications, machine learning and large-scale data analysis, it refers to the increasing integration of these technologies into business and production processes in order to make them self-sustaining and more efficient.

Pathfinder inaugurates Centre for the Law of the Sea

The Pathfinder Foundation commenced the new year by inaugurating its Centre for the Law of the Sea (CLS) at  ‘Riverpoint’, Peliyagoda. 

SLPA commences work for 2018

The Sri Lanka Ports Authority (SLPA) commenced the new year with the government’s pledge for all public sector employees. 

Critical EU GSP Plus listing opens for Lankan exporters

Sri Lanka’s first-ever European Union (EU)-mandated GSP exporter listing call went live on the web yesterday. 

New Chairman, GM at Convention Bureau

The Tourism Development and Christian Religious Affairs Ministry announced the appointment of two new officials to the Sri Lanka Convention Bureau (SLCB) with effect from yesterday.

SLCPI welcomes Health Ministry’s move to increase price of drugs by 5%

The Sri Lanka Chamber of the Pharmaceutical Industry (SLCPI) in a statement to media said they were grateful for the effective action taken by the Health Ministry in increasing the price of drugs by 5 percent.

Tower tax, if implemented, will swell Mobitel’s tax bill by Rs.3bn: Fitch

The mobile tower tax proposed in the 2018 budget will result in the state-controlled Sri Lanka Telecom PLC’s mobile arm, Mobitel (Pvt) Ltd., paying Rs.3 billion as  additional taxes per annum, Fitch Ratings said. 

CB to announce Road Map for 2018 today

The Central Bank’s ‘Road Map 2018: The Monetary and Financial Sector Policies for 2018 and Beyond’, will be announced this morning at the ‘The Atrium’ of Central Bank of Sri Lanka. 

ETI Finance and Swarnamahal Financial placed under CB watch

The financial arms of the ETI Group, ETI Finance Ltd and Swarnamahal Financial Services PLC were subjected to temporary regulatory action by the Central Bank yesterday in view of the financial status of the companies.

Central Bank gives seal of trust to tourism statistics

Governor Coomraswamy says SLTDA’s survey methodology “pretty robust”

Flurry of board level changes at JKH; Krishan appointed Dep. Chairman

Sri Lanka’s top blue chip John Keells Holdings PLC (JKH) kicked off the New Year with a flurry of board level changes with the retirement of Deputy Chairman Ajit Gunewardene and Group Finance Director Ronnie Peiris with effect from December 31, 2017.

SL-Singapore FTA first draft forwarded for Cabinet approval

The first draft of the Sri Lanka-Singapore Free Trade Agreement has been forwarded to the Cabinet of Ministers for approval ahead of the visit of Singaporean Prime Minister Lee Hsieng Loong to Sri Lanka later this month, a leading civil servant said.

2017 being a Record Year in Turnover and Volume for Takas.lk

Takas.lk finished December with a record year in terms of both Revenue and Volume. This is highly significan

Pee Bee Group bags prestigious ACES and BIZZ global awards

With a continuous drive towards achieving excellence, Pee Bee Management Services Pvt Ltd, manufacturer

Amana Bank Opens First Self Banking Centre

Amãna Bank inaugurated its first Self Banking Centre at Slave Island under the patronage 

Sri Lanka enjoys success at 25th TT Warsaw Travel Show

Sri Lanka Tourism Promotion Bureau recently participated at TT Warsaw International Travel Show 2017 together with the Sri Lankan Embassy in Warsaw, Poland with key travel industry members from Sri Lanka. 

Melania’s birth country Slovenia sees strong tourism growth

REUTERS:  Slovenia, birth country of U.S. First Lady Melania Trump, expects revenues from foreign tourists to jump by about 9 percent this year and by at least 5 percent in 2018, Economy Minister Zdravko Pocivalsek said recently.

SQ’s new A380 cabin products debut on Sydney route

Customers travelling between Singapore and Sydney have become the first to experience Singapore Airlines’ all-new cabin products, with the entry into service of its recently-delivered Airbus A380 aircraft equipped with the new seats and in-flight entertainment system.

Coffee, tea or bikini? VietJet stands by racy calendar in face of criticism

REUTERS:  Vietnam’s VietJet Aviation said last week it was standing by a controversial “bikini” calendar, a marketing ploy featuring scantily clad female models that has prompted criticism in conservative Southeast Asia and beyond.

Qatar Airways ‘remains committed’ to expanding global network: Al-Baker

Gulf News: Qatar Airways “remains committed to expanding our global network and taking our passengers anywhere in the world they wish to go”, said Group Chief Executive Akbar al-Baker as the national carrier celebrates a successful year of tremendous growth, network expansion and record-breaking award wins.

Macau casinos post first annual revenue gain in 3 years`

REUTERS: Gaming revenue in the Chinese territory of Macau rose for the first time in three years in 2017 as high-end punters’ appetite for gambling recovers after a protracted government campaign against shows of wealth among public officials and slowing economic growth. 

President Maithripala Sirisena’s opportunity ahead in 2018

January 8, 2018 will mark three years since Maithripala Sirisena was elected as the Sri Lankan President, after defecting from the cabinet of his predecessor, Mahinda Rajapaksa.