SLT’s Tier-3 Data Centre to begin operations by 4Q17

Sri Lanka Telecom’s data centre infrastructure has been undergoing a major transformation with state-of-the-art Tier-3 Data Centre constructed in Pitipana inter-connecting multiple data centres located in SLT headquarters and Welikada.

Swedish Wint partners Creative Software

Wint, a Swedish digital accounting firm that develops artificial intelligence (AI)-powered cloud solutions for smarter and more efficient accounting recently decided to partner with Creative Software and form a dedicated team of software professionals in Sri Lanka.

A promising but bumpy road ahead for blockchain

For economists, blockchain technology promises frictionless markets and perfect information.

Govt. on firm ground, but needs to move on

There was heavy speculation in some quarters that President Maithripala Sirisena’s statement in Nikaweratiya last week that rocked the political and diplomatic circles and also D.B.S. Jeyaraj writing in an article indicating that the president had wanted Prime Minister Ranil Wickremasinghe to step down as the prime minister before testifying at the Bond Commission, which both 

Clearing Association of Bankers holds 9th AGM

The Clearing Association of Bankers (CAB) held its ninth Annual General Meeting on November 24th 2017 at the conference hall of the HNB Towers in Colombo 10. This special event was graced by Guest of Honour Lanka Clear (Pvt.) Ltd Chief Executive Officer and General Manager Channa De Silva, Chief Operating Officers of various banks, Deputy General Managers, Heads of the Clearing departments of all Commercial Banks, the members of CAB and other&nbs

LMFPA holds introductory session to South Asian Regional Micro Finance Conference in March

Lanka Micro Finance Practitioners’ Association (LMFPA) held its introductory session and cocktail of the South Asian Regional Micro Finance Conference on November 22nd 2017 at Kingsbury Residences.

MCB Bank declares open upgraded Pettah branch

The fast growing Pakistan-based MCB Bank recently declared open its newly refurbished Pettah branch, as part of its drive towards providing an enhanced customer experience across Sri Lanka.

Epic Technology Group partners Japanese software integrator TechnoBrave

Premier and award winning regional technology leader, Epic Technology Group, synonymous for innovative and superior FinTech solutions has partnered with Japanese software integrator TechnoBrave Co. Ltd. The sole objective of this partnership is to promote and implement innovative FinTech solutions of Epic Technology Group in the Japanese market.

CLC Islamic Finance grabs Gold at IFFSA Awards 2017

CLC-Islamic Finance, the Islamic Business Division of Commercial Leasing and Finance PLC (CLC) took home Gold at the recently concluded Islamic Finance Forum South East Asia (IFFSA) Awards 2017.

Softlogic Life launches platform to promote paperless insurance

Softlogic Life, Sri Lanka’s fastest growing life insurance company recently introduced Express Digital Policy Issuance for their fast growing customer base in Sri Lanka.

Stage set for People’s Leasing to enter B’desh

Sri Lanka’s largest non-bank lender People’s Leasing & Finance PLC this week said it has completed the acquisition of 51 percent stake in Alliance Leasing and Finance Company Limited, which would facilitate the former’s entry into Bangladesh.Alliance Leasing and Finance Company Limited is a company incorporated in Bangladesh to carry out the finance business under the Financial Institution Act, 1003 of Bangladesh.

India’s Jaquar group to open exclusive showroom in Sri Lanka

Indian bath fittings and sanitary ware products maker Jaquar group is set to open up 5, 000 to 6, 000 square feet exclusive showroom under its ‘Jaquar World’ concept, Indian media reports said.

CB to take stern action against fraudsters of failed finance companies

Central Bank yesterday said every effort would be made to take legal actions against those who are responsible for the frauds and misuse of depositors’ funds of three failed finance companies.The Monetary Board of the Central Bank last month issued a notice of cancellation of the licence issued to Central Investments and Finance PLC   

Shares extend fall to near 3-month closing low

REUTERS: Sri Lankan shares extended falls into a second session yesterday and closed at their lowest in nearly three months, dragged down by beverage stocks. The Colombo Stock Index ended down 0.24 percent at 6,390.55, its lowest close since Sept. 14. It fell 0.03 percent last week, recording its fourth straight weekly drop, but 

Jetwing Symphony announces IPO to raise up to Rs.904mn

Jetwing Symphony Limited (JSL) announced the opening of its initial public offering (IPO) on December 14, 2017 in a bid to raise between Rs.753 million to Rs.904 million.

Sri Lanka Insurance puts up strong show for September quarter

Sri Lanka Insurance, the leading insurance company in the island, has put up a strong performance for the period ending September  30, 2017. 

CB to take stern action against fraudsters of failed finance companies

Central Bank yesterday said every effort would be made to take legal actions against those who are responsible for the frauds and misuse of depositors’ funds of three failed  finance companies.

SAARC women biz leaders convene in Colombo to initiate social entrepreneurship

Women business leaders from SAARC countries who form the executive committee of SAARC Chamber Women Entrepreneurs Council (SCWEC) will gather in Colombo this weekend to deliberate and map out strategies towards enterprise development  across borders. 

Shares extend fall to near three-month closing low

REUTERS: Sri Lankan shares extended falls into a second session yesterday and closed at their lowest in nearly three months, dragged down by beverage stocks.

Grace Asirwatham to speak on BIMSTEC at LKI

The Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI) and the Ministry of Foreign Affairs, Sri Lanka will host a dialogue on ‘BIMSTEC at 20 – Priorities for the Future.’ 

India’s Jaquar group to open exclusive showroom in Sri Lanka

Indian bath fittings and sanitary ware products maker Jaquar group is set to open up 5, 000 to 6, 000 square feet exclusive showroom under its ‘Jaquar World’ concept, Indian media reports said. Along with Sri Lanka, Jaquar is planning to open concept showrooms in Tunisia, South Africa, Iran, Tanzania, Malaysia, Guinea, Nigeria, Uganda and Ivory Coast. 

MCB Bank declares open its upgraded Pettah branch

The fast growing Pakistan-based MCB Bank recently declared open its newly refurbished Pettah branch, as part of its drive 

Emirates’ new Boeing 777 cabins to delight customers

Emirates’ new Boeing 777-300ER aircraft fitted with its game changing fully enclosed private suites in First Class, as well as refreshed Business and Economy Class cabins, has now entered service, to the delight of customers.

Standard Chartered hosts Correspondent Banking Academy

Standard Chartered hosted a Correspondent Banking Academy for around ninety representatives from across its client footprint in Sri Lanka.

LB Finance Rs.3bn debenture issue snapped up on opening day

Leading non-bank lender LB Finance PLC yesterday said it raised Rs.3 billion by way of a debenture issue.

Switzerland’s Edelweiss to operate seasonal flights between Zurich and Colombo late next year

Edelweiss, Switzerland’s leading leisure airline and sister company of Swiss International Air Lines is further expanding its route network to Asia.  From November 3, 2018 the airline will offer seasonal flights between Zurich and Colombo.

LVL Energy Fund announces Rs.1.2bn IPO to fund expansions

Leading energy company and a subsidiary of Lanka Ventures, the LVL Energy Fund, Limited officially announced a Rs.1.2 billion Initial Public Offering (IPO) yesterday to fund its strategic expansion and growth in the renewable energy sector.

Is Yala stressed by over-visitation or overcrowding?

Much has been said, and debated about the Yala National Park issue, ad nauseam. Many experts have cropped up, dime-a-dozen, giving advice of what needs to be done to solve the problems that prevail.  Solutions abound, confusion reigns, with no cohesive action on ground and life goes on, ala’ Sri Lankan style. 

Effective conservation everyone’s responsibility

I’ve been a life-long naturalist.  And for a naturalist Sri Lanka is a wonderful place to come to — for your coasts, hills, plains, mud-flats and seas.  

NTB Abu Dhabi F1 holiday draw winner announced

Every card-member who used their card to pump fuel for LKR2,500 or more between July 1st and October 31st 2017 stood a chance to enter the draw and win an all-expense paid holiday to Abu Dhabi, as the city comes alive to crown the fastest F1 racer of the year.