Bank of Ceylon launches ‘B-App’ to begin New Year

The Bank of Ceylon commenced its banking activities for 2018-New Year celebrations with a multi-religious ceremony and the launching of the bank’s newest mobile application ‘B-App’ with the patronage of Chairman Ronald C. Perera and the General Manager 

Cargills Bank opens doors to Kaduruwela

Cargills Bank opened its new branch in Kaduruwela in December last year, located at 896, Nidahas Swarna Jayanthi Mawatha, Kaduruwela.  

NDB celebrates New Year with religious observances

The Chairman Ananda Athukorala, CEO Dimantha Seneviratne, management and the staff of the National Development Bank PLC celebrated the first working day of the year 2018 at their Nawam Mawatha 

Motor racing champ Malagamuwa receives Pan Asia Bank World Mastercard

Sri Lankan motor racing champion Dilantha Malagamuwa recently became a Pan Asia Bank World Mastercard holder where he accepted his World Mastercard Credit Card from Pan Asia Bank’s DGM- Marketing and Personal Banking Nalaka Wijayawardane at Pan Asia Bank head office. 

NDB celebrates Rs. 4 bn mobile banking app transactions in December

NDB celebrated the reach of Rs. 4 billion worth of mobile banking transactions in December 2017, prior to the end of the year. 

Central Bank unveils Road Map 2018

The Central Bank of Sri Lanka yesterday launched its ‘Road Map 2018: The Monetary and Financial Sector Policies for 2018 and Beyond’ in the presence of the cream of the country’s banking and finance sector, top public officials, members of diplomatic missions and international organisations   

NTB Amex promotes health and wellness with spectacular savings

All goals for the year ahead and plans that one wishes to see to fruition will be that much easier to achieve if one is healthy. With this in mind, Nations Trust Bank (NTB) American Express (Amex) cards entitle card-members to exclusive savings and privileges at a host of health and wellness partners. The most renowned gyms, spas, recreation clubs, health food restaurants and health and wellness retail establishments are now accessible to card-me

PickMe welcomes Isira Perera as Chief Operating Officer

PickMe, Sri Lanka’s most innovative ride-hailing service announced the appointment of Isira Perera as the Chief Operating Officer (COO) with effect from December 1st 2017.

DHL Express named Asia Pacific’s Top Employer once again

DHL Express, the world’s leading international express services provider, has been named 2018 Top Employer for Asia Pacific as well as eight countries in the region: Australia, Hong Kong, India, Malaysia, New Zealand, the Philippines, Singapore, 

Dinara Clothing wins Silver at Entrepreneur of the Year Awards 2017

Dinara Clothing (Pvt.) Ltd seized the Silver award in the large-scale category for the Central Province at the Entrepreneur of The Year Awards 2017 organised by Federation of Chambers of Commerce and Industries of Sri Lanka (FCCISL).

Nawaloka Hospitals installs second MRI scanner

Sri Lanka’s pioneer private healthcare provider, Nawaloka Hospitals recently installed the second MRI scanner to offer more accurate and efficient diagnostic and imaging services which will avoid waiting times for 

Rupee ends steady in dull trade

REUTERS: The Sri Lankan rupee closed steady yesterday in dull trade, as demand for dollars from importers and banks offset conversion of the US currency by exporters, dealers said.  

New Banking Act in the offing

A new Banking Act and a new bank monitoring system will be introduced soon, the Central Bank said yesterday in its Road Map for 2018.

Interim orders awarded inter parte against Ali Asger Shabbir

The members of the Gulamhusein family have obtained a series of interim orders against Ali Asger Shabbir, the youngest son of the reputed businessman, the late Dr.Shabbir Abbas Gulamhusein, regulating the affairs of Adamexpo Limited. Ali Asger Shabbir had claimed that Dr. Shabbir Gulamhusein sold to him 99.99 percent shares of Adamexpo Limited prior to his death. 

Cash-strapped Sri Lanka to raise US $ 5bn in bonds in 2018

AFP: Sri Lanka said yesterday it hopes to raise a record US $ 5.0 billion through bond issues this year as it seeks to repay its substantial debts.

CB expects economy to grow 5-5.5% this year

The Central Bank expects Sri Lanka’s economic growth to pick up pace this year despite the subdued growth in 2017, which is estimated to be below 4 percent, lower than the projected 4.5-5 percent growth at the beginning of the year.

CB announces 6-month programme to revive ETI Group finance firms

The Central Bank on Tuesday revealed a host of measures to bring the illiquid, mismanaged, non-banking financial institutions (NBFIs) in the ETI Group back into liquidity within six months, after placing the management of the parent company in the hands of an expert panel. 

Jiffy Products Sri Lanka wins multiple awards at NBEA 2017

Jiffy Products Sri Lanka recently won three awards at National Business Excellence Award 2017.

Grim year ends for Darjeeling tea

The Hindu: The embattled Darjeeling tea industry will close 2017 with one of its lowest outputs, estimated at about three million kilograms as against the average annual crop of about 8.5 million kilograms over the last few years.

Jiffy Products Sri Lanka receives multiple awards

Jiffy Products Sri Lanka recently won three awards at National Business Excellence Award 2017. The company

DFCC Bank launches a New Year ‘Season of Gifts’ campaign across the branch network

Perseveringin its mission to inculcate the savingshabit amongst the nation’s population, DFCC Bank yet again introduces

PLC conferred multiple awards at Annual Report Awards 2017

People’s Leasing and Finance PLC (PLC), the leading non-bank finance company in Sri Lanka was conferred with two coveted Gold awards, a Silver award and a Bronze award at the 53rd edition of the ‘CA Sri Lanka Annual Report Awards 2017’ held at the BMICH, recently.

National Savings Bank begins new year on high note

National Savings Bank commenced the first working day of the new year, 2018, by a ceremonious event held at the Head Office Premises of NSB in Kollupitiya, on January 2nd 2018, in the morning hours.

HDFC Bank India to raise US$3.75 bn from share sale

REUTERS: HDFC Bank Ltd, India’s second-biggest lender by assets, said recently it would raise up to 240 billion Rupees (US$3.75 billion) to fund growth by selling shares to investors, including a preferential issue to its parent HDFC Ltd.

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.