How knowledge economy causes secular stagnation

To understand secular stagnation, with its low inflation and low growth, look first at the growth of the information economy and the expansion of intangible assets.

National Forum for Life Insurance Advisors to enhance public awareness on insurance

The National Forum for Life Insurance Advisors (NAFLIA) will take place for the 8th consecutive year with 2017’s theme being, “Towards the Day All Sri Lankans are Insured- ‘Are we ready?’ The forum is anticipated to bring together top-level Life Insurance advisors from across the country and provide them with a platform for knowledge sharing and networking. 

NDBIB-CRISIL expand fixed-income index portfolio for Sri Lanka

NDB Capital Holdings PLC and CRISIL Ltd have announced the launch of 9 new fixed-income indices in Sri Lanka.

Sri Lanka’s biggest ‘4-in-1’ international expo at SLECC

Sri Lanka’s biggest ‘4-in-1’ international exhibition LankaBuild‘17, LankaWater‘17, LankaEnergy‘17 and SIVAR‘17 will come to life at the SLECC (near Lake House) from today to 12 August.

Altair installs Mupro designed fire fighting pipe support technology

Mupro is a 50 year old engineering solutions company which has been selected to provide a world-class fire fighting pipe support system to the prestigious South Asia’s iconic residential skyscraper Altair in Colombo, Sri Lanka and will have the country’s best ecosystem to control fire and mitigate danger.

Abans appointed authorized distributor for Apple in Sri Lanka

Apple, the world’s most renowned and progressive technology brand, has appointed Abans PLC as the authorized distributor and importer of Apple productsin Sri Lanka. 

IFC invests US $ 100mn in ComBank to boost green financing

IFC, a member of the World Bank Group, is partnering with Sri Lanka’s Commercial Bank of Ceylon for a US $ 100 million financing structure to help the bank increase lending for renewable energy and energy efficiency projects in the country. 

State bank lending to SMEs likely to be reason for high credit growth: CB

Large state banks lending to small and medium enterprises (SMEs) through government influences could be one reason for the moderately high private credit growth rate this year, the Central Bank said recently.

‘Kotagala Kahata – Rasa Wasana’ consumer promotion offers 20 TVS Scooty Peps

Kotagala Kahata customers are in for a bonanza with the ‘Kotagala Kahata – Rasa Wasana’ consumer promotion, which began on June 22nd. 

History created in Sri Lankan construction industry

A major concrete pour of 6500 cubic-metres was done at ITC One Colombo One project located on the 5.87 acres of land on Galle Face Road, Colombo - 01 adjacent to the Taj Samudra hotel, recently. 

Distraught polythene makers seek ministerial intervention to tackle looming ban

Sri Lanka’s high-density polyethylene (HDPE) and recycling industry yesterday said the looming ban on polythene is likely to affect Sri Lanka’s retail economy, exports and even garbage disposal.

Can China and Trump find a way through?

The conduct of US international relations has thus far been strangely insulated from the psycho-drama that has engulfed the White House since President Trump took up residence there. Perhaps that’s because of the adult supervision of Trump’s cabinet, via Rex Tillerson, James Mattis and others. 

CIOB launches ‘Construction Today’

The Ceylon Institute of Builders (CIOB) launched a quarterly magazine for the construction industry named ‘Construction Today’ at the 6th World Construction Symposium organized by the CIOB held at Hotel Galadari Meriden, Colombo, recently.

PM cautions tea industry of major demographic changes set to happen in 2050

Sri Lanka should celebrate the 150 years of its tea industry with a hard look at the sector in order to make it vibrant, so that it could overcome the challenges running up to 2050, when vast social and economic changes take place in the world, Prime Minister Ranil Wickremesinghe said.

Island Dairies wins President’s award for best dairy company

Island Dairies (Pvt) Ltd, Kegalle, a leading company involved in manufacturing dairy products using milk of our own country won the President’s award for the island’s best manufacturer of dairy products at the recent National Programme on Food Production-2016 organized by the President’s Office. 

CIC re-launches website with enhanced user experience

CIC Holdings PLC, one of the leading blue-chip conglomerates in the country, re-launched their website with a refreshing new outlook that includes easy navigation with user-friendly features taking user experience to a whole new level.

Sampath Bank Commences Restoration of Ambagaswewa in Kahatagasdigiliya

Several officers of the Govi Samithiya, the Department of Agrarian Development and other government bodies attended the ceremonial inauguration of the project on 20th July together with 

NAFLIA to Enhance Public Awareness on Insurance

The National Forum for Life Insurance Advisors (NAFLIA) will take place for the 8th consecutive year with 2017’s theme being, “Towards the Day All Sri Lankans are Insured- “Are we ready?” 

Virtusa Announces First Quarter 2018 Consolidated Financial Results

Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that accelerates business outcomes for its clients, reported consolidated financial results for the first 

99RetailStreet unorganised retail platform now in Sri Lanka

99RetailStreet, a cloud-based common commerce platform provides services to ‘Kades’, individual pharmacies and other small retailers. The 99RetailStreet solution helps the ‘Unorganised Retail’ to compete on an equal footing with ‘Modern Trade’ (Supermarkets) through sales growth, access to and improved financial capabilities and increased business efficiencies across the value chain. 

Overcoming business challenges by steering organisations through data-driven transformation

During an in-depth conversation with Oracle APAC Enterprise Performance Management Business Senior Director Mahadevan Natarajan, he addressed ways that CFOs can overcome current business challenges by steering  their organisations through a data-driven transformation. During the interview, 

Promoting ICT as a proper career path for students

Information Technology (IT) is a subject every student should embrace as it has a lot of potential with many  employment opportunities locally as well as globally. 

NDB wins big at Asia Training and Development Excellence Awards

NDB was felicitated with the award for the most innovative use of Training and Development as an HR initiative for Organisational Development and the award for Asia’s Best Employer Brand Award at World HRD Congress, Asia Training and Development Excellence Awards held recently in Le Meridien, Singapore.  

CIM Sri Lanka celebrates academic achievements at 25th graduation ceremony

The Chartered Institute of Marketing Sri Lanka, concluded its Graduation and the Membership Investiture for the year 2017 recently.

Best of the best DPMC dealers rewarded

David Pieris Motor Company (DPMC) held its annual dealers meeting and get-together recognising the best of the best within its 337 strong dealer network at a glittering event at Sri Lanka Karting Circuit (SLKC) at Bandaragama recently.

Just In Time Group acclaimed for ‘Best HR Event of the Year’

At the recently concluded Sri Lanka Best Employer Awards, Just In Time Group (JIT) walked away with the award for the ‘Best HR Event of the Year’ for its inaugural long service awards, that honoured and recognized their long standing employees by celebrating their dedication, commitment and loyalty.

Phoenix Ogilvy planning head wins top WPP Award

Ajinkya Pawar, the planning head of Phoenix Ogilvy Pvt (Ltd), won the prestigious WPP Atticus award 2016.

HNB Grameen recognized as a ‘Great Place to Work’

HNB Grameen Finance Limited has been recognized as one of Sri Lanka’s best work places by Great Place to Work Institute Sri Lanka. 

CEAT honours top dealers in style at Shangri La weekend

The beauty and harmony evoked by the name ‘Shangri La’ was much in evidence when Sri Lanka’s leading tyre brand CEAT recently felicitated top dealers at an entertainment-filled weekend gala at the Hambantota resort and spa of the same name.

ComBank expands social media offerings with attractive new features on Viber

Commercial Bank of Ceylon has further broadened its social media presence with attractive new offerings on Viber, the free, cross-platform instant messaging and voice over IP (VoIP) app. The bank currently maintains the only public Chat Account verified by Viber in the banking sector in  Sri Lanka.