Amãna Takaful relocates Akkaraipattu branch

Amãna Takaful PLC (ATL), the only fully-fledged Takaful operator in the country and the flag bearer of the Takaful way of insurance in Sri Lanka, recently relocated its Akkaraipattu branch with the intention of serving its customers better. 

Union Assurance bags Global Master Brand Status 2017-2018

Union Assurance PLC (UA) was acknowledged with the Global Master Brand Status for the period of 2017 – 2018 at the first-ever Master Brand Award ceremony organised in Sri Lanka, which was held recently, at Taj Samudra, Colombo.

CSE branch-wide educational drive gathers momentum

The branch-wide investor education campaign conducted by the Colombo Stock Exchange (CSE) has been well received over the first half of the year, with over 350 educational and awareness initiatives conducted in 2017. 

Sampath Bank offers best leasing rate in market

In continuing to offer its customers the best leasing solutions in the market, Sampath Bank has once again introduced the lowest vehicle leasing interest rate in the country. 

Morgan Stanley, RBC, others settle currency rigging lawsuit in U.S.

REUTERS: Morgan Stanley, Royal Bank of Canada and three other banks agreed to pay a combined US $ 111.2 million to settle U.S. litigation accusing them of rigging prices in the roughly US $ 5 trillion-a-day foreign exchange market.

Fairfirst Insurance wins Medical Insurer of the year once again

For the second consecutive year, Fairfirst Insurance, the market leader for health insurance, won the title of Excellence in Medical Insurance, at the Fintelekt Insurance Industry Awards held in Mumbai recently. 

Women in Lankan workforce: Dissecting education and female labour force participation

There has been renewed interest among policymakers to get more women to enter the workforce. Most solutions for encouraging women to enter the labour market look at helping women balance home and market activities through initiatives such as expanding access to day care facilities and providing more flexible work opportunities. 

When vulnerability begins to generate strength, leader’s innate courage surfaces

You probably know of some managers who are brilliant at engaging people but you’re not sure quite why those people are so good. The earlier instalments of this series could have helped you up to a level to understand why. They provided some basic understanding of how to engage your work team members and staff effectively. 

Emerald International Partners with CIM Sri Lanka

The Chartered Institute of Marketing (CIM) Sri Lanka entered into its second year of Corporate partnership with Emerald International (Pvt) Limited, one of the leading menswear bran

Hayleys Advantis invests in mega distribution centre

Hayleys Advantis Limited broke ground for a mega distribution centre (DC) in Kotugoda last week, paving the way for the construction of the largest facility of this nature in the country with a foot print in excess of 500,000 sqft. 

Afghan woman flying around world solo now in Sri Lanka

Shaesta Waiz, the youngest woman to complete around the world solo flight landed in Sri Lanka on July 27th.  

IOSL and CIM organize workshop for marketers in shipping and logistics industry

?The ?Institute of Shipping & Logistics  (IOSL)? is celebrating its 35th anniversary this year ?and ?a series of events/workshops ? have been scheduled? to showcase ?this milestone.??

Etihad Airways records US$ 1.87bn net loss in 2016

Etihad Airways announced its 2016 financial results, recording a net loss of US$ 1.87 billion on US$ 8.36 billion in revenues as one-off impairment charges and fuel hedging losses weighed against a solid performance of the core airline.  

Shipping and logistics expert Waidyaratne elected CASA Chief

The Ceylon Association of Shipping Agents (CASA) announced that Ruwan Waidyaratne, Managing Director – Hayleys Advantis Limited, had been unanimously elected as its Chairman for 2017/18 at the Association’s 51stAnnual General Meeting (AGM) held recently.

ITX 360 as authorized Cenmetrix distributor

ITX 360 signed up to be an authorized distributor of Cenmetrix to market their solutions and services offered to the Sri Lankan corporate sector. 

99X Technology powers Sri Lanka’s first-ever Serverless Meetup

99X Technology held Sri Lanka’s first-ever technical Meetup on the open source web framework Serverless earlier this month. The event saw some awesome cutting-edge globally trending tech insights shared with an eager audience.

New Ceylinco customer app selects mCash to be payment solution

mCash is the first to integrate as a mobile payment solution to power the newly-launched Ceylinco Customer App. 

IFIP-SEARCC partner CSSL to host Lanka’s biggest ICT event

The Computer Society of Sri Lanka (CSSL) has assembled an impressive line-up of speakers for the upcoming NITC 2017 (National IT Conference), which is being held in conjunction with the IFIP General Assembly and SEARCC Conference. With around 100 prominent experts visiting Colombo for the international events, CSSL has taken the opportunity to draw on the significant pool of international talent to offer delegates unprecedented access to thought

Metropolitan Telecom Services launches Micromax Q3555 in SL

Metropolitan Telecom Services unveiled a new smartphone from Micromax Informatics this week after experiencing a surge in local demand for mid-range smartphones. 

Oracle gears to assist more Lankan companies their journey to Cloud

Considering their success in Sri Lanka, Oracle, a global software company with their plans to expand operations in the country, recently revealed their plans to assist more Lankan companies in their journey to Cloud.

Access Residencies to conquer Thalawathugoda

Access Residencies, a fully owned subsidiary of Access Engineering PLC, recently broke ground for the first apartment complex built under its name in Thalawathugoda recently. 

UltraTech-IESL continue free ‘Building Clinics’ to support SL public

UltraTech Cement Lanka and the Institution of Engineers of Sri Lanka signed an MoU, pledging to continue their partnership to offer free expert engineering advice through Building Clinics to home-builders island wide.

Role of chrysotile fibre cement in SL’s roofing industry

Shelter is one of the basic necessities discovered by humans as early as the prehistoric times. The earliest shelters were built using stones, clay and sundried bricks and later materials like timber, glass, concrete as well as steel were invented to fortify the structures.

Sri Lanka completes controversial US$1 bn port deal with China

AFP: Sri Lanka on Saturday sealed a billion-dollar deal to let a Chinese state firm take over a loss-making port in a move that worries many, including its giant neighbour India.

High costs, competition hurt Teejay Lanka 1Q performance

Knitted fabric maker Teejay Lanka PLC saw its performance in the most recent quarter being hit by a combination of factors, which included competition, higher raw material prices and overheads, finance costs and expiration of the tax holidays.  

Janashakthi Recognized for Commitment to Society at Fintelekt Insurance Awards 2017

Janashakthi Insurance PLC was recognized for its work as a responsible corporate citizen at the Fintelekt Insurance Awards 2017 held in Mumbai, India, recently. The insurer received the ‘Corporate 

Armed guards for tomatoes in India as prices rise

BBC: The price of tomatoes has risen so much in India that armed guards have been deployed to protect shipments of them in one state.

Sampath Bank to raise Rs.7.6bn via rights to beef up capital

Sampath Bank PLC’s board of directors last week gave approval to raise as much as Rs.7.6 billion in fresh equity via a rights issue to comply with enhanced capital requirements under the BASEL III accord.

Central Bank Governor emphasizes importance of high-tech products in export diversification

Asserting that transforming Sri Lanka’s export sector is probably the most crucial economic challenge the country now faces, the Central Bank Governor Dr. Indrajit Coomaraswamy recently highlighted the importance of giving prominence to high-tech products when diversifying the country’s export basket. 

SEC prevents securities law violations through strong surveillance tools

It appears that Sri Lanka’s Securities and Exchange Commission (SEC) believes in the old adage ‘prevention is better than cure,’ as the country’s stock market regulator has proactively taken action to prevent securities law violations by utilizing a robust surveillance system.