CIM SL accredits Visahlam Further Education College, Jaffna

CIM Sri Lanka, recognized as the first international branch of CIM UK, comprising the largest number of professional and student members outside the UK, recently granted its prestigious accreditation status to Jaffna’s Visahlam Further Education College as a Study Centre.

TVS wins big at Asian Marketing Excellence Awards

TVS has yet again created history being the first automobile company to be awarded the ‘Marketing Company of the Year–Sri Lanka’ in the recently concluded Asian Marketing Excellence Awards conducted by the Asia Marketing Federation in Mongolia for the financial year 2016/17.

Jetwing chief reiterates need for destination marketing campaign for tourism to take off

Amidst continuing delays to the digital and global tourism campaigns and stagnant tourist arrivals, a leading tourism industry figure stressed that a promotional drive from the government is the need of the hour to support the good work the government has done in strengthening foreign relations and national reconciliation.

CMEC-CEB to jointly develop 400MW LNG power plant in H’tota

China Machinery Engineering Corporation (CMEC) and state-run utility, the Ceylon Electricity Board (CEB), are to jointly develop a 400 megawatt liquefied natural gas (LNG) power plant in Hambantota, a cabinet spokesperson told reporters yesterday in Colombo.

Nine local banks to provide Rs.5.2bn in green funding

Nine local commercial banks and two financial institutions acting as participating credit institutions will loan Rs.5.2 billion under a state-sponsored loan scheme for green initiatives by the manufacturing sector small and medium-scale enterprises. 

November tourist arrivals flat

The number of tourists who visited Sri Lanka in November 2017 totalled 167,511, recording a 0.2 percent growth compared to 12 months ago amidst a mixed performance in the key markets. Western Europe was the largest regional market for Sri Lanka during the month with 45,903 tourists, although this was a 1.4 percent decline year-on-year (YoY).

October vehicle registrations at elevated levels despite already congested roads

Vehicle registrations in October remained virtually unchanged from a month ago as the buyers were awaiting direction from the national budget presented in November.

Sri Lanka should support WTO at Buenos Aires Ministerial Conference

The World Trade Organisation (WTO) is back on the global economic radar. Its 11th Ministerial Conference (MC-11) – the highest decision-making body that meets every two years – will convene in Buenos Aires, Argentina, from December 10 to 13, 2017. While expectations for a major trade deal at the conference are low, Sri Lanka must continue to support the WTO-led multilateral trading system in the new Trump and Brexit era. 

ComBank wins overall award at CA Sri Lanka Annual Report Awards

Commercial Bank PLC on Tuesday won the ‘Cyril Gardiner Memorial Trophy’ Gold award for Overall Excellence in Annual Financial Reporting at the 53rd Annual Report Awards 2017,

NDB joins exclusive ranks of Business Today Top 30

NDB was honoured at the ‘Business Today Top 30’ award ceremony held recently, presented by the popular magazine ‘Business Today’. 

Shares hit near 3-month closing low

REUTERS: Sri Lankan shares extended falls into a third session yesterday and closed at their lowest in nearly three months, dragged down by healthcare and diversified conglomerates.

A successful Sri Lanka in a sustainable world

At the recently concluded Best Corporate Citizen Sustainability Awards 2017, David Bent, a global expert on corporate sustainability, spoke to share his insights on how companies can succeed through increasingly sustainability-challenged times.

DPMC fetes top performers at annual parts and accessories dealer convention

From inspiring presentations and glittering entertainment to unprecedented networking opportunities, David Pieris Motor Company Limited (DPMC) Annual Bajaj Parts and Accessories Dealer Convention and get-together once again enthused and empowered over 400 dealers from across the country.

Rupee ends firmer on dollar remittances

REUTERS: The Sri Lankan rupee closed stronger yesterday on dollar sales by exporters and year-end remittances, dealers said.

Amazing seasonal discounts up to 60% with DFCC Bank’s Vardhana

The Christmas season just got a whole lot more interesting with an exciting seasonal offer from DFCC Bank! Vardhana Virtual Wallet

DSI opens new outlet in Ratnapura

On the 30th of November 2017, DSI celebrated the opening of the latest footwear outlet in Ratnapura.

Sampath Bank Partner for Singer Lifestyle Fiesta

Continuing to support events that add value to consumers’ lives, Sampath Bank stepped in as the official banking partner of the Singer Lifestyle

Prima Sunrise Bread sponsors Sri Lanka Junior Open Golf Championship

For the 10th consecutive year, Ceylon Agro Industries (Prima Group, Sri Lanka) has come forward to sponsor the most prestigious event in the junior golf calendar

BPM in a very secure, stable and promising growth phase: WNS CEO

WNS Holdings Limited (NYSE: WNS) is a leading global business process management (BPM) company. WNS offers business value to 200+ global clients by combining operational excellence with deep domain expertise in key industry verticals, including banking and financial services, 

Vivo launches V7; pledges to invest US $ 22mn in Sri Lanka

Leading global smartphone company Vivo recently launched the 24 Megapixel Selfie-Shooter ‘V7’ to Sri Lanka, at a glittering launch event held at Cinnamon Grand, Colombo.

Telecom Ministry and UNDP partner for HackaDev – Youth Social Innovation Challenge

The Telecommunication and Digital Infrastructure Ministry and United Nations Development Programme (UNDP) recently signed a memorandum of understanding to scale up HackaDev – Youth Social Innovation Challenge.

Social entrepreneurship; a silent economic revolution

The entrepreneurs that put land, labour and capital together with their exceptional expertise for running a business can be considered the backbone of any economy. An economy needs not only consumers but also producers to let its cycle go smoothly. Successful entrepreneurs that produce a lot in the economy contribute towards the economic growth. Then, what about economic development? 

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.