Millennials for a better shared economy

Shared economy or gig economy, a concept endorsed by millennials, briefly means sharing with others what we do not use or have in excess. This model has spanned more widely than the prominent Uber and Airbnb among the millennials, who are slammed to give no value to ownership at all. 

Fed interest rate hike: How hard will it hit Asia?

The US Federal Reserve met market expectations when it raised the federal funds rate by 25 basis points to a target range of 1.25 percent-1.5 percent at its December Federal Open Market Committee meeting. It will likely raise the rate three more times in 2018. It now seems clear that US monetary policy normalization will continue against the backdrop of robust growth, a strong labour market and weak inflation.

NCE partners ILO to host awareness seminar for exporters

The National Chamber of Exporters of Sri Lanka (NCE) has collaborated with the International Labour Organisation (ILO), with a view to establish business linkages for export with agricultural producers in the Northern and Eastern Provinces of Sri Lanka.

Role of support services in making SL’s real estate sector sustainable

Sri Lankan real estate is going through a positive phase of transition in the process of development.  It is gradually moving to become a more organized one. This has largely been possible due to the entry of international real estate players and foreign investors into the real estate sector. From 2015 and early 2016, the real estate sector in Sri Lanka has witnessed phenomenal growth due to rapid urbanization, increasing levels of income an

Etihad Airways announces Casablanca as new Boeing 787 Dreamliner destination

Etihad Airways is to operate its flagship Boeing 787 Dreamliner on the Abu Dhabi – Casablanca route, effective May 1st 2018.

NDB goes paper-free during this festive season

The holiday season is all about sending greeting cards, good wishes and gifts. However, the impact that these simple gestures have on the environment is profound. During a time where climate change is having a massive impact on Planet Earth, NDB decided to go paper-free during the festive season.

Emirates flight catering: A dedicated facility which is world’s largest

Emirates Flight Catering (EKFC), the Emirates Airline’s catering facility in Dubai, the largest of its kind in the world, has a capacity of preparing over 175,000 meal trays a day, although it was initially ready only for 115,000. 

South Asia’s largest construction equipment exhibition EXCON 2017 held in Bangalore

“We are poised to enter a new era in the manufacturing glory with a great value offering the best quality and after sales care,” said Large and Medium Industries and Infrastructure Development Minister R.V. Deshpande, at the inauguration of EXCON 2017, South Asia’s largest construction equipment exhibition held in Bangalore, India from December 12th to 16th.

AIA Vitality partners ‘Run for Their Lives’ to battle cancer

After a very successful sponsorship of the ‘Run for Their Lives’ (RFTL) charity run recently, AIA takes the partnership further by encouraging its Vitality members to contribute towards the Apeksha Cancer Hospital in Maharagama.

Supreme Lands excels at Shramabhimanee Awards

Supreme Lands recently won the National Sramabhimanee Award at a ceremony held at the BMICH. This award was presented for the great service of helping people to find lands at affordable prices. 

SIA and Silkair to introduce new airfare pricing

Singapore Airlines and SilkAir will be introducing a new airfare pricing structure next month, with revisions to advance seat selection, frequent flyer programme mileage accrual rates, baggage allowance, and change and refund flexibility for some fare types.

JLanka wins double Gold at Sri Lankan Entrepreneur of the Year Awards 2017

JLanka Technologies was once again recognized for its pioneering efforts in innovation and sustainable transformation at the Sri Lankan Entrepreneur of the Year Awards for 2017, with JLanka CEO and Technical Director Dr. Mayura Jayasoma walking away with both the National and Provincial Gold awards in the Extra-Large Industry category. 

Record price for Verallapathna Estate teas

An invoice of Uvakellie OP from Verallapathna Estate realised a price of Rs.800 per kilogram. The teas were purchased by Stassen Exports Ltd at the Colombo Tea Auction recently. 

2018: Are we ready to commit to building resilient infrastructure?

Just ahead of this year’s anniversary of the Indian Ocean tsunami of 2004, I visited the Tsunami Honganji Vihara site in Sri Lanka where upwards of 2,000 people died when their train was destroyed by the force of the waves. 

Pentium 2000 Stationaries wins FCCISL Gold and Silver awards

Pentium 2000 Stationaries (Pvt.) Ltd Managing Director Jagath Dissanayake secured the Gold award in the Large-Scale category for the Central Province and Silver award at National Level, at the award ceremony organised by the Federation of Chambers of Commerce and Industries of Sri Lanka (FCCISL), held at the BMICH.

Beauty Gems wins FCCISL Bronze award

Beauty Gems, a leading company in the business of gems, won the Bronze award in the Large-Scale for the Western Province, at National Level, at Entrepreneur of the Year 2017, organised by the Federation of Chambers of Commerce and Industries of Sri Lanka (FCCISL).  

CSE honours employees at ‘Star Performers 2017’

The Colombo Stock Exchange (CSE) recently held its year-end employee recognition event themed ‘CSE Star Performers 2017’. 

Dialog Television named official Pay TV Partner of MTI’s idea2fund

 Dialog Television, a fully owned subsidiary of Dialog Axiata PLC was announced as the Official Pay TV Partner for idea2fund, the year-round venture competition powered by MTI Corporate Finance. 

wOw.lk Shopping Carnival 2017

Sri Lanka’s biggest year-end shopping fiesta, the wOw.lk Shopping Carnival, will once again bring bargains galore

How Coke’s Santa Claus became part of global culture

Coca-Cola is indeed the brand that comes to mind when getting into the holiday spirit.Truly, Christmas just isn’t Christmas without the plump, smiling visage of Santa Claus in his signature red suit, armed with presents, going “Ho, Ho, Ho! Merry Christmas!,” bringing a smile to the faces of adults and children alike.

Asia-Pacific Executives Forum held at Hilton Colombo

The Asia-Pacific Executives Forum was recently held at the Hilton Colombo with the participation of important dignitaries and the focus of the forum was on strategic development projects in Sri Lanka and promoting them globally.

Virtusa celebrates team loyalty at Long Service Awards 2017

Virtusa celebrated the loyalty and commitment of its long-standing team members at a special awards ceremony held at the Water’s Edge recently.

Maliban shines at World Branding Awards 2017-18

Reiterating its excellence in delivering innovative quality products and services, Maliban Biscuits Manufactories (Pvt.) Ltd, Sri Lanka’s most trusted and renowned biscuit manufacturer, was feted with the ‘Prestigious Brand of Asia’ accolade by the World Branding Awards at an event held in Thailand recently.

Atlas Axillia wins big at SLIM-NASCO Awards 2017

At the recently concluded SLIM - NASCO Awards 2017, Atlas Axillia won three prestigious awards, proving once again its strength and capability in the sales arena. The SLIM National Sales Congress (NASCO) Awards annually recognize the country’s highest performing sales professionals and is the only event to recognize and award the country’s sales teams whilst aiming to enhance the profile of the sales professionals in Sri Lanka.

Counterparty Risk – An emerging challenge for banks

A robust financial system is necessary to support sustained economic growth. A robust financial system needs an efficient financial intermediation. 

Pan Asia Bank opens 84th and 85th branches in Hikkaduwa and Weligama

 Pan Asia Bank opened its 84th and 85th branches in Hikkaduwa and Weligama on December 21st. 

DFCC Bank credit card gives you more than one reason to shop

DFCC Bank is extending special savings for DFCC credit card holders for a memorable festive season right through the month of December. DFCC credit card holders can avail of amazing discounts at leading stores on shopping, holidays, electronics and daily essentials. 

BOC’s Kekirawa branch wins GREENS Gold Rating Award

The Bank of Ceylon was recently awarded the GREENS Gold Rating at the GBSL Awards Ceremony 2017 organized by the Green Building Council of Sri Lanka with special reference to the bank’s Kekirawa branch building which was built according to eco-friendly standards. 

AAT Sri Lanka receives IFAC full membership

At the 40th Annual Council meeting of the International Federation of Accountants (IFAC), held from November 14 to 16, 2017, in Brussels, Belgium, the Association of Accounting Technicians of Sri Lanka (AAT Sri Lanka) was admitted as a full member of the federation. 

CA Sri Lanka hosts first-ever research conference and journal

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) held its first-ever research conference recently, where corporate governance, sustainability assurance and forensic accounting, which are deemed extremely relevant and important to the accounting profession in the current context, were discussed and deliberated at length.