PFY teaches youth to manufacture compressed stabilized earth blocks

Strong, easy to build with, eco friendly, cool and affordable would be the best way to describe the compressed stabilized earth bricks (CSEB) manufactured by youth being trained by Projects For Youth (PFY) in Kithulewela  Matara.

Lakshan Madurasinghe’s life-changing journey at Habitat for Humanity

On International Volunteer Day, which is celebrated universally on 5th December, to foster a spirit of volunteerism amongst individuals and organizations

Insee Cement’s endeavour to educate youth in Puttalam

Insee Cement strongly believes in encouraging and inspiring youth to achieve career success through focus on training and education that would help them to progress professionally.

RIU releases bare land market report, Sri Lanka

The Research Intelligence Unit (RIU) recently launched itsbare Lands market report. The report provides an overview of the real estate boom and an extensive profile of the bare lands market, land price escalation as well as the main players in the market.

Sampath Bank Empowers Local Merchants with UnionPay Card

Sampath Bank announced that its local merchant partners will now be able to accept UnionPay credit and debit cards for Point of Sale (POS) payments.

EY reports on a marathon accounting project, leading to a new accounting landscape

In May 2017 the International Accounting Standards Board (IASB) issued IFRS 17 Insurance Contracts. This standard will be applicable for reporting periods starting on or after January 1, 2021. 

Google launches data saving app, Datally

Google recently announced Datally, a smart and simple Android app that helps smartphone users understand, control, and save mobile data.

ACS elects Sri Lankan-born Yohan Ramasundara as President for 2018-19

ACS - the professional body for Australia’s ICT sector - announced on November 25th, 2017 that Sri Lankan born Yohan Ramasundara was elected as the ACS President effective from January 1st, 2018 for a two-year term.

Nasscom Executive Council members meet Prime Minister

Nasscom Executive Council members met Sri Lankan Prime Minister Ranil Wickremesinghe in Colombo on Thursday, November 30th, 2017. Nasscom, a not-for-profit industry association, is the apex body for the US$150 billion Indian technology industry that employs three million people. Members of the Executive Council (all CEOs of the largest Technology companies in India) were in Sri Lanka for three days for its annual strategic planning meeting.

CA Sri Lanka honours four founding members

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently paid tribute to four founding members of the institute, who during their lifetime gave leadership towards developing the accounting profession, almost six decades ago. 

Innovative Mobitel stalls at Techno 2017 and Infotel 2017 win awards

Mobitel, Sri Lanka’s National Mobile Service Provider, won several prestigious awards at the National Engineering and Technology Exhibition, Techno 2017, and at Infotel 2017 held recently.

HMD Global celebrates one year as new home of Nokia phones

HMD Global, the home of Nokia phones, today celebrates its first birthday. In just 12 months, the start-up has made 12 major announcements including the introduction of eleven new devices, and global partnerships with industry heavyweights such as Zeiss.

Oppo launches F5 6GB in Sri Lanka

Oppo, the Selfie expert and leader recently unveiled the Oppo F5 6GB after the brand recently launched the Oppo F5.

A manager welcomes resistance because it’s a sign of change process unfolding

So, your company finally decided that a new process or system needs to be introduced to your workplace. Today, we take a look at some of the problems and objections that may follow this decision. However good your preparation and planning, you can still experience problems if you don’t dive deep enough to uncover people’s objections.

People’s Bank inaugurates Innovation Centre

People’s Bank Innovation Centre was recently inaugurated in York Street, Colombo 1, under the patronage of People’s Bank Chairman Hemasiri Fernando.  In conjunction with its digitalization process, People’s Bank has marked a milestone in the history of the Sri Lankan banking sector by establishing the Innovation Centre, aiming to further strengthen the operations of its IT department. 

People’s Leasing’s ‘Al Safa’ bags top honours at SLIBFI Awards

Al Safa (AIF), the Islamic finance unit of People’s Leasing & Finance PLC (PLC), recently won top honours at the Sri Lanka Islamic Banking & Finance Industry (SLIBFI) Awards, held at Hotel Ramada Colombo. 

Lak Jaya Micro Finance opens head office

Lak Jaya Micro Finance Limited officially opened its head office at No. 386B/1/1, High Level Road, Pannipitiya recently.

UK’s The Banker crowns HNB ‘Bank of the Year 2017’

Sri Lanka’s premier retail sector bank, HNB PLC recorded another landmark victory with its recognition as ‘Bank of the Year 2017’ in Sri Lanka by the highly acclaimed UK-based financial sector magazine, ‘The Banker’, during a ceremony attended by eminent bankers and financial institutions from across the globe recently, at The Hilton London Bankside.

Ceylinco Life draws early winners of Family Savari 11 megaa promo

As 2017 draws to a close, Ceylinco Life has given the families of 309 policyholders something exciting to look forward to in 2018, following the conduct of the first draw in the company’s ‘Family Savari’ mega promotion.

Fed officials fret over yield curve; warn on pace of hikes

REUTERS: Two Federal Reserve policymakers urged caution in raising interest rates, saying that the flattening of the yield curve was a signal that the central bank should proceed slowly.

Quebee Den at 2017 Global Entrepreneurship Summit

Young entrepreneur Rohanthi Wijewickrama, the Founder/CEO of Sri Lankan children’s products company Quebee Den (Bellybees), was invited to participate in the eighth annual Global Entrepreneurship Summit, held by the USA and India, recently.   

Abans announces offers for Christmas season

As the first week of December rolls around, we all groan in anticipation of finding the perfect gifts for our family and friends, managing our holiday expenses and dealing with empty wallets after the season is over. So, we often dread the Christmas season, rather than looking forward to it as a joyful time to be spent with our loved ones. 

Barista serves ‘best value meal’ at BIA outlet

With over 12 outlets spread across the country, Barista has made its name as the largest international coffee chain in Sri Lanka. Having first been established in the year 2002, Barista is now at its peak within the café scene, with a growing number of coffeeholics patronising the fine Italian coffee served at their outlets. Each outlet spread out within the Colombo city limits and tourist hot spots around the country has its own unique of

Arpico expands mattress operations to India

Arpico mattresses, Sri Lanka’s pioneer and leader in mattress manufacturing, recently extended its operations to the international market by launching the Arpico Mattress range in India.

Higher food prices, medical expenses keep November inflation at elevated levels

Sri Lankans’ medical spending has spiked in November, pushing up the overall consumer prices for the month, perhaps a sign that the profusely higher food prices have either shocked them to the core or the cut down in their daily food nutritional intake has made them sick. 

Long-awaited Jetwing Symphony IPO announced

The long-awaited initial public offering (IPO) of Jetwing Symphony will open up for subscription on December 14.

Bingiriya industrial zone to be developed as a public-private partnership: PM

The industrial zone to be built in Bingiriya would be developed as a public-private partnership (PPP), revealed Prime Minister Ranil Wickremesinghe. He said the Treasury would be one partner of the PPP while a suitable partner would be sought from the private sector, either local or overseas. 

Ascot Holdings stock exchange disclosure opens flurry of dubious deals

Ascot Holdings PLC last week disclaimed the liability for a secondary mortgage bond, which has been issued under its subsidiary, Ascot Development Private Limited, mortgaging its property on T.B. Jayah Mawatha in Colombo 10 for Rs.350 million to a private commercial bank. 

Tower tax could result in exit of major foreign investors: operators

The implementation of the budget proposal to slap every cellular tower in the country with a levy of Rs.200,000 per month—payable by mobile operators—could result in the possible exit of the major foreign investors from the local telecommunication market, the industry warns. 

Softlogic Life beats the world at Global Mobile Marketing Awards

Sri Lanka’s fastest growing life insurance brand Softlogic Life has become the first ever Sri Lankan brand to emerge winners in the prestigious