HNB collaborates with EDB to launch new SME export credit facility

Sri Lanka’s most innovative bank, HNB PLC working in close collaboration with the Export Development Board of Sri Lanka (EDB) announced the launch of HNB SME Export Credit, a pioneering new facility specially designed to meet the requirements and aspirations of Sri Lanka’s burgeoning Small and Medium Enterprise (SME) sector.

DMS Software Technologies to modernize local supply chain landscape

DMS Software Technologies and Oracle with the intention of meeting today’s market needs, recently hosted experts from the supply chain and logistics sector at the Movenpick Hotel on the event themed ‘Modern Logistics Management’. 

National Insurance Day 2017 - A Historic Moment Never to Be Forgotten

The 1st of September 2017 saw the entire Insurance industry of Sri Lanka celebrate a day dedicated solely to their profession. The launch of Sri Lanka’s first National Insurance Day took place at the 

Mastercard Makes Luxury Travel Experiences Simpler with LoungeKey Airport Access Program

Mastercard announced the extension of the globally acclaimed LoungeKey airport access program to all World and PlatinumMastercard cardholders in Sri Lanka.

3W Group celebrates 20 years of driving change

The 3W Group (Third Wave Group), is celebrating 20 years driving innovation and change in the corporate and retail sectors in Sri Lanka and the region.

Tech-based solutions essential for insurance industry growth: start-up

Despite the fierce competition in the market, Sri Lanka’s insurance industry has largely remained conventional in its business operations for decades. Earlier this year, however, signs of an eminent disruption appeared with online insurance aggregators and comparison platforms entering the market. Save Your Monkey is one such pioneering insurtech start-up that’s promising to disrupt the conventional insurance industry through digitali

Allianz Lanka caters to growing customer needs with new office

Allianz Lanka, in a bid to provide its customers with greater access to its world-class services, opened a new city office at No: 251, Dharmapala Mawatha, Colombo 7.

Sri Lanka needs more women in workforce

The current female labour force participation in Sri Lanka is around 36 percent. This means that a disproportionate majority of women still remain outside the labour market, with limited or no access to wages, pensions and other benefits tied to gainful employment. 

Rupee depreciation - Implications to economy

Because transactions are made in US dollars in international trade, the value of the rupee is measured against the US dollar. Any country engaged in importing and exporting activities has to buy US dollars for its transactions in the foreign exchange market, the market where currencies are exchanged. 

Whither Trump’s Asia policy?

In November 2017, there was a great deal of uncertainty about the newly elected US President Donald Trump and his approach to foreign policy. Nine months later, there is little evidence that the 

Navesta opens Sri Lanka’s first sterile pharmaceutical manufacturing plant

Navesta Pharmaceuticals Private Limited has set the benchmark for the local pharmaceutical manufacturing sector by opening the country’s first sterile pharmaceutical manufacturing plant in Horana.

Dengue Killer and Maduruthala Dhoopa hit market chasing away mosquitoes 

Two fine solutions to provide protection from the dengue epidemic that has hit hard Sri Lanka bringing about the highest death rate recently, have been introduced to the market by Irahanda Weda Gedara.

Mobitel organizes MedHack, first-ever Medical Hackathon in Sri Lanka

MedHack is Sri Lanka’s first ever Hackathon for the health sector organized by Mobitel, the National Mobile Service Provider of Sri Lanka, in collaboration with the Ministry of Health, Nutrition and Indigenous Medicine and the ICT Agency of Sri Lanka. 

Tea veteran wants plantation industry out of State control

Dilma founder Merrill J Fernando has asked the government to avoid meddling with plantations and allow an independent authority led by ex-planters to run the industry, as the ‘golden shareholder model’ introduced three decades ago has failed to find answers to the key issues plaguing Sri Lanka’s plantation industry. 

Indra Traders MD appointed to Sampath Bank board

Indra Traders (Pvt) Ltd Managing Director Rushanka Silva was appointed as a Director of Sampath Bank PLC last week, replacing Ranjith Samaranayake, who retired after reaching his 70th birthday.

Fitch doubts earnings alone will put PABC on top of minimum capital

Pan Asia Banking Corporation PLC (PABC) now operates with a single mission of meeting its minimum regulatory capital base of Rs.10 billion by January 1, 2018 to make good on the promise it made to the regulator a couple of years ago since it pledged its commitment to a capital augmentation plan comprising of both fresh equity and retained earnings.   

Norway’s wealth fund seeking to narrow bond portfolio

REUTERS: Norway’s US $990 billion sovereign wealth fund, the world’s largest, this week proposed to streamline its fixed-income portfolio by shortening maturities and cutting corporate bonds and some 20 currencies from the benchmark it tracks.

Nigeria exits recession as economy grows 0.6% in 2Q

AFP: Nigeria has exited its worst economic recession in more than two decades, notching up growth of 0.55 percent in the second quarter of 2017, the National Bureau of Statistics (NBS) said yesterday. Data showed that the economic recovery was driven by improved performance of oil, agriculture, 

LVL Energy Fund announces plans for Rs.1.2bn IPO

LVL Energy Fund Limited (LEF), a subsidiary of Lanka Ventures PLC, has applied for a Rs. 1.2 billion initial public offering (IPO) at the Colombo Stock Exchange to expand its investments and settle existing debt.

Rain and winds lash several districts

A couple at Galle Face, Colombo, struggles to brave the heavy rains with two feeble umbrellas. Several provinces in the country are experiencing a heavy rainfall with some areas inundated and creating the risk of landslides

Industry stalwarts positive on investment opportunities at Investor Forum Sri Lanka

Sri Lanka needs better investor friendly legislation to attract more foreign investors – was the general consensus by industry experts at the recently concluded Investor Forum Sri Lanka, organized by the leading property website LankaPropertyWeb.com and leading realtors RB Realtors and Consultants that was held at The Kingsbury. 

Malith Mendis appointed Country Representative of Civil Engineers Institution UK

Chartered Engineer Malith Mendis has been appointed as the Country Representative of the Institution of Civil Engineers UK.

Finetech Consultancy announces Architect and Constructions Forum 2017

Finetech Consultancy, cloud-based solution specialists will facilitate and execute the Architect and Constructions Forum 2017 at the Hilton Colombo Residencies on 12th September from  7 a.m. to 10 a.m..

Capitol Elite on Horton Place sold out

Capitol Developers is proud to announce that Colombo’s newest and most coveted address, Capitol Elite, has been successfully sold out.

Nem Construction opts for Tata Prima tippers

Four Tata PRIMA 2528.K scoop-type tippers were handed over to Nem Construction (Pvt.) Ltd by Diesel and Motor Engineering PLC Chairman and Managing Director Ranjith Pandithage to Nem Construction (Pvt.) Ltd Chairman/Managing Director Raja Nanayakkara.

Browns GTD exhibits globally renowned power tools at Construct 2017

Browns General Trading Division (GTD) took part in Sri Lanka’s number-one and South East Asia’s most recognized exhibition, ‘Construct’, from the 25th to 27th of August 2017, held at the BMICH.

Kingsbury bags multiple accolades at World Luxury Restaurant Awards

Adding to an ever-growing list of international awards and accolades, The Kingsbury once again has stamped Sri Lanka on the global hospitality map. 

William Angliss Colombo eighth-batch celebrates grand ‘Prasthan’

Graduating students of the eighth-batch of William Angliss Institute of Colombo Academy of Hospitality Management had a grand ‘Prasthan’ recently, which was held in a colourful manner with a Bollywood themed Street Food Festival. 

Harith Perera new SLAITO

Hemas Travel Cluster Managing Director Harith Perera was appointed as incoming president of the Sri Lanka Association of Inbound Tour Operators (SLAITO) 2017/2018 at the 37th Annual General Meeting (AGM) of SLAITO which was held on 25th August in the presence of over 200 attendees.

The second edition of Cinnamon Future of Tourism Summit 2017 announced

Recognizing the importance of a streamlined growth plan and educating industry stakeholders, the second edition of Cinnamon Future of Tourism Summit 2017 will host 14 innovators of the travel and tourism industry to emphasise on the importance of technology, authenticity and innovation to achieve the country’s development goal.