CIM announces 2017 Board of Trustees

The Chartered Institute of Marketing has recently announced the line-up of the Institute’s Board of Trustees for the next twelve months.

Airtel’s third consecutive win at SLIM-NASCO 2017

Airtel’s sales team bagged a gold and bronze award at the recently concluded SLIM-NASCO Awards 2017. Airtel Territory Manager Vipul Rathnayake won the Gold in the Telecommunication Territory Manager category, while Airtel Senior Territory Manager Pasindu Chaminda Sigera took the Bronze in the same category.

ICTA hopeful of breaking NPP negotiation deadlock

Key government agencies have to overcome an impasse on the required legal framework for the controversy ridden National Payment Platform (NPP) to get the green light, Mirror Business learns. 

Sri Lanka November tea exports lowest since May

Customs data analyzed by Siyaka Research has confirmed that Sri Lanka exported 23.6 mnkg in November this year, up a sharp 16 percent on last year’s low drought restricted figure of 20.4 mnkg.  The November quantity is however the lowest since the May figure of 24.3 mnkg.  

Sampath Bank to raise Rs.20bn via rights and debentures

Sampath Bank PLC continued to sate its hunger for capital to meet regulatory requirements and expand business with the bank’s director board this Monday approving plans to raise Rs. 20 billion through debt and equity, just days after the bank raised Rs. 13.6 billion for the same purpose.

Stocks hit over 8-month closing low; lenders fall

REUTERS: Sri Lankan shares fell for a third straight session yesterday to their lowest close in more than eight months as investors offloaded banking and diversified stocks.

Dialog Axiata launches Sri Lanka’s first digital venture capital fund

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, announced the launch of the Digital Innovation Fund (DIF), in the presence of Malaysian Prime Minister Dato’ Sri Mohd Najib bin Tun Abdul Razak to signify the Malaysian investment in setting up the country’s first digital venture capital fund to exclusively focus on financially supporting Sri Lankan digital startups. 

Stax outlines Sri Lankan investment opportunities at Singapore business forum

Stax was recently invited by International Enterprise (IE) Singapore to brief Singaporean businesses on high-growth sectors in Sri Lanka, at a seminar titled ‘Sri Lanka Investment Opportunities 2017’.

Nisha Arunatilake appointed as IPS Research Director

Dr. Nisha Arunatilakehas been appointed as the Director of Research of the Institute of Policy Studies of Sri Lanka (IPS), effective from 01 January 2018. 

Two professionals from Leo Burnett recognised at Young Spikes Media Competition

Leo Burnett Sri Lanka’s Sarah Hassanally and Dilendri Wettewe recently won the Bronze award at the Young Spikes Media Competition, which took place in Singapore.

Colombo Shopping Festival set to delight shoppers till December 23rd

The 26th edition of the Colombo Shopping Festival, organized by Aitken Spence Conventions and Exhibitions, was officially inaugurated on December 16th at the Sirimavo Bandaranaike Memorial Exhibition Center at the BMICH. 

Validation of ‘Colombo Hub’ concept biggest achievement this year: SriLankan CEO

Reviewing the airline’s operation in 2017, which he termed a “tough year”, SriLankan Airlines CEO Suren Ratwatte said the biggest achievement of the year was the validation of the ‘Colombo Hub’ concept. 

Envoy London proudly dresses Mr. England 2017-18

Hameedia, Sri Lanka’s leading menswear specialist recently awarded the winner of Mr. England 2017-19 - Jack Eyers 

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

Oman Air wins double at World Travel Awards

Oman Air, the national carrier of the Sultanate of Oman,has been awarded “World’s Leading Airline – Economy Class

Moody’s says recent revenue measures not adequate to improve SL’s credit profile

Despite the recent measures towards strengthening the fiscal front, Moody’s Investors Service is of the opinion that such action would not drastically alter Sri Lanka’s fiscal strength and thereby improve the country’s credit profile.

Cargills Bank wins ‘Excellence in Omni Experience’ at IDC Insights Awards 2017

Cargills Bank was recognized as an ICONIC Superhero for excellence in Omni Experience, at the recent International Data Corporation (IDC) Insights Awards. 

Airtel partners Ideamart facilitating customer access to 7,000 developers

Airtel is now connected to Ideamart application development platform enabling customers to experience a variety of content available on the platform. 

After a decisive 2017 what’s in store for 2018?

Creating a shared future in a fractured world would be the goal of the World Bank and the IMF in 2018. 

Goyo’s digital fitness solution receives two back-to-back awards

Goyo, Sri Lanka’s trendiest fitness app and wearable inspiring Sri Lankans towards realistic fitness goals, was honoured with two major awards recently in recognition as a unique and extensive digital fitness platform. During the country’s annual SLT SILK Sports Awards 2017, held for the third consecutive year, Goyo clinche

Risk management in banks – A collaborative function

The digital transformation in the banking system in Sri Lanka is fast making inroads to compete with emerging financial intermediaries. The availability of differentiated qualitative services to customers akin to the new-age tech-savvy 

Nestle sells off tea brands in North America

REUTERS: Nestle has sold two of its tea brands in North America as the world’s biggest food maker presses ahead with reshaping its business to focus on new consumer trends and healthcare.

Alcobronz appointed as sole agent for Ford Power Tools in Sri Lanka

Alcobronz (Pvt.) Ltd is a leading Engineering Based Industry which involves Machinery Manufacturing, Importers and Distribution and a fully-owned subsidiary of Nawaloka Holdings (Pvt.) Ltd.

Sri Lanka optimistic of Russia lifting Ceylon Tea ban: minister

Sri Lanka is optimistic of lifting the temporary Ceylon Tea ban by the Russian Federation, Industry and Commerce Minister Rishad Bathiudeen said yesterday.  

BOC becomes country’s No.1 brand at Interbrand Best Sri Lankan Brands 2017

The brand ‘BOC’ was recognized as the number one Sri Lankan brand by the very first Interbrand Best Sri Lankan Brands convention conducted at The Hilton Colombo recently.

Astron reaffirms excellence at SLIM-NASCO 2017 for 4th consecutive year

Astron Ltd, the leading pharmaceutical manufacturing, marketing and distribution company in Sri Lanka reaffirmed its excellence by emerging as the top winners in the Healthcare Category at the recently concluded National Sales Congress (NASCO) Awards 2017.

Did Blue-Green budget forget migrants and their ‘Greenbacks’?

Despite Sri Lanka’s2018 budget proposals, presented on 09 November 2017 being built around blue-green colors, greenbacks (US dollars in a color connotation)related to the country’s migrant workers toiling overseas received little or no attention. 

LiveU promotes flagship broadcasting products in Sri Lanka with live demo

LiveU, an America-based company that provides portable live video acquisition solutions recently hosted a live demo and knowledge sharing experience at the Galadari Hotel, together with Pan Audio (Pvt.) Ltd, the authorised distributor of LiveU products in Sri Lanka, to promote its flagship broadcasting products to the Lankan market.

Nawaloka Hospitals unveils landmark, multi-storey Specialist Centre

Sri Lanka’s super-specialty hospital, Nawaloka Hospitals, acclaimed for pioneering the private healthcare revolution in the country, announced another major milestone with the opening of its multi-storey Specialist Centre and car park.

Malaysian PM in town!

Malaysian Prime Minister Datuk Seri Najib Tun Razak (L) and President Maithripala Sirisena (C) attend a welcoming ceremony at the Presidential Secretariat in Colombo yesterday (AFP)