PickMe enables real-time payment transfers for its driver affiliates

Sri Lanka’s most innovative taxi-hailing service, PickMe, announced the pioneering launch of real-time cashless settlements through its popular mobile app. Representing the world’s first ever instance of digital payment settlements being enabled via an app, the new service is considered a game changer for PickMe’s 

Raigam celebrates 5th anniversary of Raigam Deveni Batha

Raigam recently celebrated its fifth anniversary of launching the Raigam Deveni Batha, and launched its revolutionary ‘Deveni Batha-Bundi Full’ instant rice noodles alongside the celebrations at the Sri Lanka Foundation.

CDB wins big at Best Corporate Citizen Sustainability Awards

Citizens Development Business Finance PLC (CDB) was rewarded by the Ceylon Chamber of Commerce (CCC) when it was crowned First Runner Up in the Turnover Less Than Rs.15 billion category, Best Sustainability Project for the Green Ninja Project, and accorded a Merit Certificate for its ‘Act Early’ for Autism Awareness project.

Arpico Finance Company PLC closes 2017 with two valuable awards

Arpico Finance Company PLC, counting 66 years of a successful enterprise as a financial institution with an unfailing corporate legacy that has earned them a solid customer base and a respected and eminent position in the financial landscape of Sri Lanka, closes 2017 on a high note.

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.

Fitch upgrades DFCC Bank’s rating outlook from ‘Negative’ to ‘Stable’

Fitch Ratings have revised DFCC’s outlook for both its International and National Long Term Ratings to ‘Stable’ from ‘Negative’ while affirming the ratings at B+ and AA- respectively.

ComBank offers credit card holders seasonal discounts at leading supermarkets

Christmas is almost upon us and Commercial Bank has announced that credit cardholders can enjoy discounts of up to 25 percent on their purchases on specified days at all leading supermarkets, until the end of the year.

Acuity’s Prashan Fernando appointed new CSBA President

Prashan Fernando, CEO of Acuity Stockbrokers was unanimously elected as the President of the Colombo Stock Brokers Association at the 22nd Annual General Meeting held on 20th December.

ICTA seeks Rs.6bn govt. funding to expand free public Wi-Fi facilities

The ICT Agency (ICTA) of the Sri Lankan government will be requesting the allocation of Rs.6 billion over the next three years in order to fund one part of the second phase of the free public Wi-Fi Initiative, which will now be expanded to schools in 

Dialog Axiata’s broadband subsidiary says awaiting TRCSL licence

Dialog Broadband Networks (DBN) Private Limited, a subsidiary of Dialog Axiata PLC, yesterday said the company had been carrying out its business operations for the last two years pending a renewal of licence by the Telecommunication and Regulatory Authority of Sri Lanka (TRCSL).

SEC introduces restrictions on Basel III debt investments

The stock market regulator, the Securities and Exchange Commission (SEC), has introduced certain restrictions when investing in Basel III-compliant debt securities by commercial and specialised banks listed on both the main and secondary boards of the Colombo Stock Exchange (CSE). 

Port City investor to pump in US $ 1bn to set up financial centre

The Cabinet of ministers on Wednesday gave the green light for China Harbour Engineering Corporation (CHEC) to invest US $ 1 billion to construct the Colombo International Financial Centre (CIFC) at the Colombo Port City.

Sri Lanka to get AIIB grant to expedite solid waste management

The Asian Infrastructure Improvement Bank (AIIB) will provide a grant of US$ 700,000 to expedite the US$ 100 million Metro Colombo Solid Waste Management Project, according to the Cabinet Office.

Christmas Fest 2017 inaugurated

Prime Minister Ranil Wickremesinghe and Archbishop of Colombo Cardinal Malcolm Ranjith light up the giant Christmas tree at the inauguration of Christmas Fest 2017, organised by the Tourism and Christian Affairs Ministry and Sri Lanka Tourism Promotion Bureau, in the presence of (from left) Tourism Development and Christian 

Amana Bank Opens Its First Self Banking Centre At Slave Island

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

Celebrate Christmas in style with Hameedia

Hameedia, Sri Lanka’s leading menswear specialist offers a shopping bonanza promotion for its customers 

Dongzhi Festival at Graze Kitchen,Hilton Colombo

The D?ngzhì Festival or Winter Solstice Festival  is one of the most important festivals celebrated by the Chinese and other Eas

How Coke’s Santa Claus became part of a global culture

What marks the beginning of the holiday season for you? Is it the streets lined with bright lights, the roadside stalls

Costa Neo Classica makes second port call to Sri Lanka

Costa Neo Classica, the 722-foot beauty with a crew of 610 called to Colombo port earlier this month and returned around at 5:00p.m. on the same day to India. Costa Neo Classica had 1200 passengers on board and 600 passengers joined for excursions in Sri Lanka. The itinerary included a visit to Pinnawala Elephant 

Heritance Ahungalla wins TUI Top Quality 2018

The five-star Heritance Ahungalla, part of the premier hospitality chain Aitken Spence Hotels, was lauded with the coveted TUI Top Quality 2018 award from TUI Germany, the largest leisure, travel and tourism company in the world.

Ebert Silva double-decker buses dressed up for X’mas season!

Colombo City Tour Double-Decker Buses operated by Ebert Silva dressed up for Xmas commenced a special service for the Xmas Season. In the picture Tourism Minister John Amaratunga is seen inaugurating the special service. The bus will take tourists from the city hotels to the Xmas Fest and the Arcade and the Xmas street at the Green-path.

Prime Minister visits Dedduwa tourism zone site

Prime Minister Ranil Wickremesinghe visited the site of the proposed Dedduwa Tourism zone site in Bentota, yesterday. 

Sri Lanka named as most popular destination on Eurasia review

Sri Lanka is placing its name on the global map as a sought after destination by various international news feature reviews, as Eurasia review mentioned Sri Lanka as the most sought after destination in Asia with reference to the 2018 Virtuoso Luxe–Australian report.

THASL invests in the future of hospitality management

The Hotels Association of Sri Lanka (THASL) was recently invited to conduct a session on hospitality management to over 200 deputy principals at the Ministry of Education.

People’s Bank lays foundation stone for Jaffna green branch

The laying of foundation stone for the People’s Bank’s proposed seven storey eco-friendly green branch in Jaffna took place recently under the patronage of People’s Bank Chief Executive Officer/General ManagerN. Vasantha Kumar.

SLI Motor Plus ties up with Laugfs for special offers

The Sri Lanka Insurance Motor Plus Loyalty Rewards network has joined Laugfs Car Care once again to offer a host of benefits to Motor Plus comprehensive customers. The many attractive offers available for Motor Plus customers under this deal includes a free car clinic and a 72-point vehicle inspection report which includes comprehensive engine scanning and battery test report. Discounts would be available on car wash and vacuuming services.

Commercial Bank tops Interbrand’s ‘Best Sri Lankan Brands 2017’ ranking

The Commercial Bank of Ceylon was the highest-ranked private bank in the inaugural ‘Best Sri Lankan Brands 2017’ ranking announced recently by Interbrand, and was placed fourth overall among the country’s top brands.

DFCC Bank spreads joy and excitement this festive season

DFCC Bank has launched a thrilling Christmas light-up to brighten the holiday season in conjunction with a host of exciting discounts on its credit cards and the virtual wallet.

PLC ranked 15th in ‘Business Today Top 30’ list

In a move that affirms the financial strength and stability of People’s Leasing and Finance (PLC) as one of the largest non-banking financial institutions in Sri Lanka, PLC was listed at the 15th position in the Business Today Top 30 List.

CDB launches e-finance platform to transfer funds through Facebook

Citizen’s Development Business Finance - CDB’s revolutionary e-finance platform CDBiNet is using the contemporary role that Facebook plays in people’s current lifestyles to initiate fund transfers.