Mitra Innovation MD inspires De Mazenod College students

Mitra Innovation Managing Director and Co-founder Dammika Ganegama, recently addressed students of De Mazenod College Kandana at their annual career day. 

Senzmate and oDoc to attend Slush event in Finland

Two unique Sri Lankan start-ups, SenzMate and oDoc, which use technology to do business, recently won the Slush 2017 Sri Lankan competition and the two winners will fly to Helsinki, Finland to take part in the Slush global event in November this year, where over 2300 start-ups and at least 1100 investors from across the world are expected to participate.

IAC Sri Lanka Chapter to host ‘Coaching in the Cyber Physical World’

The International Association of Coaching Sri Lanka chapterwill play host and organize the conference on ‘Coaching in the Cyber Physical World’ conducted by the International Association of Coaching (IAC) on December 4thand 5thof at the Hotel Taj Samudra, Colombo.  

Cloud communications critical to delivering stellar customer experiences and growth: Oracle

A new Oracle Communications study, ‘The Cloud Redefines Customer Experience’, revealed that enterprises view in-application communications technologies as critical to enhancing customer experiences and gaining a competitive edge and higher growth. 

Mobitel spearheads Drone Application Developer Community

Advancing the trend in drone application development in Sri Lanka, Mobitel is partnering Bhoomi-Tech (Pvt) Ltd, Browns Advanced technology (Pvt) Ltd, Center for Research and Development – Ministry of Defence, CameraLK and renowned local drone manufactures, University of Moratuwa, and Future Drones (Pvt) Ltd, as Founding Members of Drone Application Developer Community. 

Teejay Lanka 2Q profits down 37% amidst tough market conditions

Teejay Lanka PLC (TJL) underwent a challenging second quarter (2Q18) with both the top and bottom lines coming under pressure, but the knit fabric maker continues to pin its hopes on the growing order books under GSP Plus and the second phase of 

Dr. Hiran Hettiarachchi invited to speak at the Asia Real Estate Summit in Singapore

Blue Mountain Group Chairman Dr. Hiran Hettiarachchi will represent Sri Lanka’s property sector at the prestigious ‘PropertyGuru Asia Real Estate Summit’ on 8th November 2017 at Sands Expo

Allianz Lanka Alerts Road Users at Unprotected Railway Crossings

Sri Lanka is witnessing a steady rise in the number of accidents at unprotected railway crossings, with 256 casualties and 180 deaths related to accidents associated with railroads during this year alone.

Australia Future Unlimited 2017

For the 7th consecutive year, The Australia Future Unlimited – the Education Seminar (AFUES) an Austrade initiative was successfully held on 8th September 2017 with a distinguish Delegation 

Hilton Colombo celebrates the 25th Year of the Original Oktoberfest

Oktoberfest may have its roots in Munich but you don’t have to go to Germany to enjoy this annual celebration. Hilton Colombo will once again be organizing the Oktoberfest from the 9th to 18th 

Iranamadu, Kilinochchi water supply and sanitation project nearing completion

Iranamadu Component of Jaffna, Kilinochchi Water Supply and Sanitation Project is a project initiated to strengthen and augment the Iranamadu reservoir; a part of which could be used for Jaffna drinking water supply without affecting the benefits of the rightful farmers under the Iranamadu Irrigation Scheme.

D.P. Jayasinghe unveils SL’s first-ever 3000mm diameter drilling rig

D.P. Jayasinghe Piling Co (Pvt.) Limited, one of the leading companies in the field of construction, and piling in Sri Lanka, unveiled a game changing innovation for the local construction industry with the launch of Sri Lanka’s first and only 3000 millimetre diameter drilling rig at a ceremony held at the Waters Edge recently.

Maga partners Skills Development Ministry to train 375 construction craftsmen

Maga Engineering entered into an agreement with the Skills Development and Vocational Training Ministry to provide training to 375 construction craftsmen under the Ministry’s Employment Linked Training Programme (ELTP) yesterday.

Capitol 7: A financially savvy investment

Already occupied by satisfied owners, the on-time delivery of Capitol 7 once again entrenches the credentials of Capitol Developers as the foremost real estate development company in the country.

Bank of Ceylon becomes first bank to install 150th CDM

The Bank of Ceylon (BOC) becomes the first ever bank to expand its Cash Deposit Machines (CDMs) network up to 150 machines becoming the largest CDM network provider in the country by opening its 150th CDM machine in Kochchikade on 6th November 2017.

Softlogic Life accoladed 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 Global Mobile Marketing Awards for the most innovative mobile messaging campaign in the world.

People’s Insurance steers insurance industry to new heights

People’s Insurance PLC, a leading insurer with seven years of a sound insurance portfolio recently announced the relaunch of its insurance brand.

HSBC launches seasonal campaign ‘Un-Worry’

This festive season, HSBC is requesting all customers to ‘Un-Worry’ their season as the bank is offering existing customers multiple savings with zero-percent plus installment plans, 10 million rupees in cash back rewards and zero-percent cash installment plans of up to 100,000 Rupees for customers who apply for any new HSBC credit card until 31 December.

Commercial Bank achieves milestone of 700 ATMs in Sri Lanka

The automated teller machine (ATM) network of the Commercial Bank of Ceylon achieved a milestone this week with the commissioning of its 700th ATM terminal at MAS Intimates Vidiyal, Kilinochchi.

Government focused on business climate improvements – DBI and beyond

The Government of Sri Lanka continues to take seriously the improvement of the climate for business in the country and is taking concrete steps towards this. The latest edition of the World Bank’s Doing Business Index (DBI) rankings shows a one-spot drop in the country’s rankings and we are very mindful of the need to accelerate our efforts, especially in light of the rapid improvements being made by other countries in this region.&nb

Unmasking false truths of Sri Lanka’s anti-alcohol lobby

The anti-alcohol lobby groups form powerful fronts across global markets and their hallowed cause for enhanced public policy on health and safety and combating abuse are recognized universally. In contrast to developed markets, Sri Lanka’s alcohol industry is plagued with the presence of an extensive illicit trade, which as per the World Health Organisation’s (WHO) 2014 Global Report on Alcohol, constitutes 41 percent of our market.

Swimming with killer sharks, surviving and making them follow you

Life in organisations is like being at sea: sometimes calm, frequently choppy and occasionally sick-making! The changes can come thick and fast as managers and company executives search for every possible improvement in performance. And the speed of that change is generally increasing. 

CA Sri Lanka inducts Nirmal Fernando and T. Someswaran to Hall of Fame 2017

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently paid tribute to two eminent chartered accountants, Anthony Nirmal Fernando and Someswaran Thirunavukarasu by inducting them to the CA Sri Lanka Hall of Fame for the year 2017 in recognition of their exemplary contribution towards the development of the accounting profession, business world and country. 

SLIM Digital Marketing Programme 2nd inauguration a success

Sri Lanka Institute of Marketing (SLIM) held the second inauguration of its Certificate Course in Digital Marketing (CDM) programme for 2017 recently at SLIM Home. 

Stock market continues encouraging performance in 2017

The Sri Lankan stock market has continued what has been an encouraging year in 2017, where both market indices continue to record positive returns.

Finding solid buy-and-hold stocks

The Colombo Stock Exchange has experienced considerable growth during the last few months. However, the market recorded short-term fluctuations in the short run (Table). A successful investor will invest with a long-term perspective to avoid the fluctuations experienced in the short run.    

CPC seeks investment and supply linkages for US$ 2 bn refinery expansion

The state-run Ceylon Petroleum Corporation (CPC) will be seeking foreign investment linked to long-term crude supply contracts to construct the US$ 2 billion expansion at the Sapugaskanda Oil Refinery, according to the organization’s head.

CB sets record straight on employment statistics

The Central Bank of Sri Lanka last week noted that the employment statistics compiled by the Census and Statistics Department (DCS) had undergone a revision in 2016, in the process reminding policy commentators not to compare the old statistics with the re-weighed figures.

External factors, higher interest rates hamper Singer September profit

Consumer durables retail giant Singer Sri Lanka PLC reported subdued performance for the July-September quarter (3Q17), aptly demonstrating how difficult economic conditions have become and the decisive role of the weather gods  

NTB September profit up 33% on strong loan growth

Nations Trust Bank PLC (NTB) reported Rs. 1.01 billion in net profits for the quarter ended this September, which was a 33 percent increase compared the corresponding quarter last year, with growth being driven by new loans. Earnings per share increased to Rs.4.39 during the quarter under review up from Rs.3.29 year-on-year (YoY).