IFS MEASA Regional Conference concludes on high note

The annual event featured IFS speakers from across the MEASA region (Middle East, Africa, and South Asia) who came together to discuss and share knowledge about the market dynamics, opportunities and regional collaboration in the MEASA region.

Truecaller insights reveal top spammers in Sri Lanka

Truecaller, the world’s most used Caller ID and Spam Detection app, recently announced some revealing stats on spam and scam calls in Sri Lanka. Unwanted spam calls are on the rise around the globe, and the situation is no different in Sri Lanka. The recently published Truecaller Insights: ‘Top Spammers in Sri Lanka in 2017’ report reveals that in Sri Lanka there is a 92 percent increase in spam calls between January to December

Huawei announces special Y5 2017 and Y7 offers for Christmas

Huawei, the number one growing smartphone brand in Sri Lanka has announced its plans to celebrate the season by offering customers an opportunity to purchase Huawei models Y5 2017 and Y7 at amazing prices.

Omentra celebrates holiday season with stellar offers for businesses

Sri Lanka’s leading online procurement service, Omentra.com, has built is popularity by prioritising the needs and convenience of corporate clients in search of procurement solutions.

ICANN discusses future of internet in Sri Lanka

The Internet Corporation for Assigned Names and Numbers (ICANN) recently discussed the evolution of the internet’s Domain Name System (DNS) and its potential implication for Sri Lanka.

Will Sri Lanka turn to SMS storm warnings after “night from hell”?

Thomson Reuters Foundation: In the early evening of November 29, Ajith Dias, an office worker in Colombo, started receiving warnings on Facebook of a brewing storm nearing Sri Lanka’s southern coast.

New interface of Sri Lankan tourism industry

The tourism industry and its evolution originally started in European countries. Nationally and internationally, tourism originated by travelling one destination to another. People travelled around their own and neighbouring countries at the beginning. 

Ensure a responsive regulatory framework for corporate governance: SEC Chair

Following is the speech made by Securities and Exchange Commission (SEC) Chairman Thilak Karunaratne at the launch of CA Sri Lanka’s ‘Code of Best Practice on Corporate Governance 2017’ that took place in Colombo, recently.  

Nations Trust Bank’s Millennium branch revamped

Nations Trust Bank’s Millennium Branch at Nawam Mawatha has been extensively refurbished and is now equipped with a more spacious interior and even more facilities.

Siyapatha Finance Opens a New Branch in Panadura

Leading financial organization Siyapatha Finance PLC celebrated the opening of a new branch in Panadurarecently

Cargills Bank partners MyDeal.lk to guarantee greater customer convenience

Cargills Bank recently announced its tie-up with MyDeal.lk, one of Sri Lanka’s leading e-commerce website, to guarantee greater convenience to its growing customer base of online shoppers.

Commercial Bank launches co-branded World Mastercard exclusively for NEGC members

The Commercial Bank of Ceylon is teeing off with the 128-year-old Nuwara Eliya Golf Club (NEGC) for a milestone partnership that will see the latter’s members enjoying the benefits of a co-branded World Mastercard credit card, a first for the 

LB Finance wins accolades at CA Sri Lanka 53rd Annual Report Awards

Reinforcing the company’s prowess in financial disclosure, LB Finance clinched two coveted Gold awards and a Silver award at the 53rd CA Sri Lanka Annual Report Awards Competition held at the BMICH recently.

National Development Bank recognised at National Business Excellence Awards 2017

National Development Bank PLC emerged Runners-Up under the banking category at the National Business Excellence Awards 2017, hosted by the National Chamber 

DFCC Bank’s tree-planting efforts get special recognition

DFCC Bank embarked on far-reaching tree planting sustainability measures during the current year which have been

Asiamoney names HNB ‘Best Cash Management Bank in Sri Lanka’

HNB, Sri Lanka’s leading private sector bank, has been recognised by Asiamoney as the ‘Best Cash Management Bank in Sri Lanka’.

Amana Bank makes another contribution to Kalubowila Hospital

As part of its CSR focus towards children, Amana Bank has made another contribution to the Children’s Ward (15B) of the Colombo South (Kalubowila) General Hospital by donating brand new ceiling fans to replace those that have worn-out.

Mercantile Investments clinches ‘All Island CSR Silver’ at CA Awards

Being at the forefront of corporate reporting, Mercantile Investments and Finance PLC (MI) clinched the ‘All Island Silver’ award in Best Corporate Social Responsibility Reporting at the recently held CA Annual Report Awards Ceremony at BMICH, where Prime Minister Ranil Wickremesinghe graced the event as Chief Guest.

Coca-Cola and WTC ‘Give Back Life’ in recycled Christmas decor

In keeping with its much-loved tradition to make the Christmas season a special one, Coca-Cola Beverages Sri Lanka Ltd and the World Trade Centre (WTC) dove into the festivities, but this year with the impactful message of being environmentally conscious and reducing waste. In a unique display of Christmas cheer, colourful, vibrant, upcycled Christmas trees and wreaths made from the recycling of Coca-Cola’s PET bottles adorn the World Trade

Moody’s affirms Sri Lanka’s B1 rating; maintains negative outlook

Ratings agency Moody’s Investors Service (Moody’s) this week said that it would maintain the B1 negative outlook for Sri Lanka due to the high risks in government liquidity and volatile 

Pramuka Bank depositors to start fresh struggle

The depositors of failed Pramuka Bank are set to start a fresh campaign to gain their dues after a long silence.

LVL Energy Fund IPO raising Rs.1.2bn oversubscribed

The largest Initial Public Offering (IPO) on the Colombo Stock Exchange (CSE) since 2015 raising Rs. 1.2 billion for LVL Energy Fund was snapped up on the opening day.

Ceylon Tea to be sold at Chinese auctions

The Sri Lankan government will be organising facilities for Ceylon Tea to be sold at auctions held in China, according to one of the Cabinet decisions taken this week. “For the promotion of Sri Lankan tea in the People’s Republic of China, it was decided to prepare a proper programme in this regard and to enter into an agreement for holding tea auctions in China,” a Cabinet spokesperson said.  Plantation Industries Minister

Nimal Perera’s venture capital firm invests Rs.250mn in tech start-up Arimac

High net worth investor Nimal Perera has reportedly invested Rs.250 million in local tech start-up Arimac in exchange of 50 percent stake of the company.  Arimac, which is still in its initial stages, has been able to score and retain clients like Emirates, Nestle, Coca-Cola, Johnson &Johnson, Ogilvy, Unilever, Microsoft, 3M, Fonterra, Vodafone, Honda, MAS, Dhiraagu, Dialog, Brandix, Sri Lankan Airlines, Hemas, Rocell and ICTA.

Energy expert highlights loopholes in subsidized solar power promo campaigns

The households that have installed solar power panels and are supplying a net excess of electricity to the national grid under the government subsidized solar promotion programmes are placing further burdens on those who do not generate solar power, according to a leading expert.

Unions launch scathing attack on SriLankan bosses

In a scathing attack on its top brass, the unions of the SriLankan Airlines in a letter dated December 12, 2017 said, if any of the current board members or CEO remains part of the airline post-restructuring, they have no confidence in the whole restructuring process for which SriLankan Chairman Ajith Dias requested the 

S&P upgrades DFCC Bank’s Rating Outlook from Negative to Stable

S&P Global Ratings has revised its credit rating outlook  for DFCC Bank from negative to stable, while affirming

Vinod Weerasinghe Shoots 3 Under Par To Storm

The Sri Lanka Junior Golf Championship, the fitting finale to the junior calendar 2017 entered the second round

Truecaller Insights Reveal Top Spammers in Sri Lanka

Truecaller, the world’s most used Caller ID & Spam Detection app, recently announced some revealing stats on spam 

Buy DSI school shoes and win with DSI Supersport ‘Super Thegi Waare’!

DSI Supersport, Sri Lanka’s No. 1 school footwear announced the launch of ‘Super Thegi Waare’ -a great prize draw competition for school children.