Etihad Airways Improves Timings On Abu Dhabi – Medina Route

Etihad Airways is re-timing its daily Abu Dhabi – Medina flights to a daytime operation and will also introduce three additional weekly services during the peak winter period.  

Latest Colombo AI meetup deciphers fact from fiction

The Colombo Artificial Intelligence (AI) Meetup, organised bythe Sri Lanka Association for Artificial Intelligence (SLAAI) and hosted at Virtusa, is a quarterly forum where industry professionals discuss 

The Launch of Samsung Galaxy Note 8 - Video

New Galaxy Note is designed to help you achieve more in work and life with an Infinity Display, enhanced S Pen and Dual Camera with dual Optical Image Stabilization

The correction that never happened

Global equity markets have gone without a 5 percent drawdown for more than a year and they haven’t suffered a 10 percent correction since the start of 2016. The stock market has powered through several surprise events – Brexit, President Trump’s election and North Korea’s heightened belligerence – seemingly without missing a beat. How are we to make sense of this unusual trend and how do we prepare for the inevitable

Reviving exports: A realistic plan in need

According to a news item in Mirror Business of Daily Mirror on September 15, Development Strategies and International Trade Minister Malik Samarawickrama has emphasized the need to increase our exports. At the recently held symposium on Sri 

Mohan and Dhammika appointed as Singer Chairman and Co-Chairman

Following the acquisition of Singer (Sri Lanka) by Hayleys PLC last month, Hayleys PLC Chairman and Chief Executive Mohan Pandithage was appointed as Chairman of Singer (Sri Lanka) and business tycoon and Hayleys Co-Chairman Dhammika Perera was appointed as Co-Chairman of Singer (Sri Lanka), at a board meeting held at the Singer (Sri Lanka) head office.

Cabinet likely to decide on slapping additional taxes on construction industry today

The cabinet today is likely to discuss the implementation of the Construction Industry Development Levy, which has been delayed for three years, according to a top official.   “The Finance Ministry didn’t want additional taxation to be imposed on the construction industry, so the implementation of the levy was delayed. A few cabinet papers were submitted proposing alternatives and the cabinet will discuss them next week,&rdq

Rupee ends steady; remittances offset importer dollar demand

REUTERS: The Sri Lankan rupee closed steady yesterday as dollar sales by banks due to inward remittances were offset by demand for the US currency from importers to pay for their purchases, dealers said.

Shares hit 7-week closing high; banks gain

REUTERS: Sri Lankan shares rose for a third straight session yesterday to end at their highest close in seven weeks led by banks and diversified shares, while continued foreign buying in the market underpinned positive sentiment.

NTB announces convertible bonds to raise Rs.3.5bn

Nations Trust Bank PLC (NTB) last week resolved to raise fresh capital from a corporate debt issuance as the mid-size lender plans to ramp up capital to stay in line with the new BASEL III regulations on capital, which came into effect from July 1, 2017.

Sri Lanka announces free medical and personal accident cover for schoolchildren

Creating a landmark in the history of education in Sri Lanka, the Government of Sri Lanka has launched a free medical and personal accident cover for all schoolchildren of the nation.

mCash partners with Keells Super to extend ease for customers

Mobitel has partnered with Keells Super outlets to offer mobile users to pay utility bills and make mCash deposits at Keells Super outlets. 

Star Drive promo rewards Caltex customers

Caltex, Sri Lanka’s leading lubricant company concluded the sector’s biggest ever consumer promotion “Caltex Star Drive – Car and Bike Chase” recently.

SLID social calendar returns

Taking a delightful turn from its usual corporate training programmes, workshops and seminars, the Sri Lanka Institute of Directors (SLID) brings together an elegant evening, starting with a drinks reception extending to wining and dining at an exquisite six course dinner whilst listening to the De Lanerolle brothers accompanied by the 18 piece National Unity Orchestra. 

Lycachat brings latest evolution in instant messaging technology

With free high-definition group video calls and instant screen and file sharing, built on top of a flawless text and multimedia messaging platform; Lycachat is more than just an app, it’s a new social network. Lycachat is a smartphone app available for Android as well other smartphones. Use Lycachat to connect to family and friends across the world freely. Send texts, make HD quality phone and video calls and send photos and video messages

NIBM collaborates with Limkokwing University to launch National Innovation Centre

The National Institute of Business Management (NIBM) recently joined forces with Malaysia’s Limkokwing University of Creative Technology to launch the National Innovation Centre (NIC), which will present a highly conducive environment to empower the future generation with demanding entrepreneurial skills, modern technology, innovation and creativity.

Landmark introduces novel property concepts

 Landmark Developers Holding (Pvt) Ltd, a recent player in the highly lucrative Sri Lankan property market is introducing fresh concepts and ideas stemming from a young and passionate team of professionals. 

CSSL announces winners of ICT Awards 2017

CSSL ICT Awards 2017 is the annual Information Communication Technology (ICT) industry awards ceremony organized for the fifth consecutive time by the Computer Society of Sri Lanka (CSSL) to encourage, recognize and celebrate the excellence in ICT practice by rewarding the best and the finest of ICT professionals.

E-Wis products now available at Dialog Customer Care Centres

E-W Information Systems Limited, a pioneer within Sri Lanka’s ICT industry, operating primarily in the field of IT with diversified interests in numerous businesses recently announced its partnership with Dialog Axiata to distribute locally manufactured E-Wis devices and Octa mobile devices at Dialog Customer Care Centres islandwide.

People’s Bank introduces digital banking in Kandy

People’s Bank Kandy Digital Banking Branch was inaugurated under the patronage of Chief Executive Officer and General Manager of People’s Bank N. Vasantha Kumar at 640 A, Peradeniya Road, Kandy recently.

Combank adjudged Most Responsible Bank in Sri Lanka by CFI

The Commercial Bank of Ceylon has been adjudged the ‘Most Responsible Bank’ in Sri Lanka by the London based print journal and online resource ‘Capital Finance International’ (CFI) which reports on business, economics  and finance.

SDB Galle branch shifted to new location

Sanasa Development Bank PLC Galle branch relocated to its new premises on 2nd October, 2017. SDB Galle branch was shifted to No.15, Wackwella Road, Galle with the objective of providing more convenient and efficient service to its customers with more sophisticated facilities.

Ford brings innovative agriculture to North, East

Ford Motor Company and its local distribution partner, Future Automobiles (Pvt) Limited, in collaboration with Japan Emergency NGO (JEN) has completed three innovative agricultural projects which directly benefits over 50 families in  Kilinochchi and Mullaitivu districts. 

Rate hike likely if private credit continues to grow

Hot on the heels of the International Monetary Fund (IMF) asking Sri Lanka to stand ready to tighten the monetary policy further, the Central Bank last week said they would not hesitate to do so if the private sector credit reaches an unsustainable level.

Mastercard arms issuers with predictive tool to combat account related fraud from data breaches

With speed being a critical factor in fighting fraud, Mastercard announced the launch of Early Detection System.

MHDL kicks-off ‘Heights Colombo 05’ high-rise project

Millennium Housing Developers PLC (MHDL), Sri Lanka’s leading township developer recently announced the commencement of its latest high-rise residential development project ‘Heights Colombo 05’.

Galle Investor Forum attracts large crowd

The Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) embarked on a series of Investor Forums titled “kotas welenda pola: nagarayen nagarayate” throughout the country.

Huawei as No.70 on Interbrand’s Best Global Brands 2017 rankings

Huawei rises to No.70 on the Best Global Brands 2017 rankings of Interbrand, a global brand consultancy who has lately released its brand ranking report for this year.

MAS Holdings teams up with JAT Holdings for chemical leasing deal

Best known for being the world’s first to introduce the chemical leasing model for waste water treatment in 2015, MAS Active Linea Intimo has signed on with JAT Holdings for a first of its kind chemical leasing deal that will see JAT teams providing a paint service instead of simply selling a product. 

HSBC supports relief efforts for communities in need

Communities across Sri Lanka have been battling bad weather and an unprecedented increase in the spreading of dengue this year.