Mastercard Announces Landmark Retail and TravelPartnerships with Changi Airport Group and Takashimay

Mastercard announced that it is now the preferred card partner forthe No.1 airport in the world, Changi Airport (CAG), as well as leadingshopping destination in Singapore, Takashimaya Shopping Centre. 

March motor vehicle registrations rebound

Vehicle registrations demonstrated a strong rebound in March compared to the previous two months, despite the monetary impediments slapped to discourage private motor vehicle purchases. 

April inflation eases to 6.9%; but food prices remain high

Sri Lanka’s inflation in the capital Colombo rose by 6.9 percent during the 12 months to April, slowing down from a multi-year high of 7.3 percent recorded in March despite being a festive month, according to the Census and Statistics Department data. 

Logistics expert highlights need for increased efforts in grasping opportunities

Sri Lanka, due to its strategic location, continues to be an obvious candidate to reap the plethora of benefits that stem from effective trade facilitation but requires a much serious effort in “grasping” opportunities, a top logistics expert said.

Shocking surge in private credit in February

It appears that the Central Bank may need to sharpen its monetary policy tools, as credit to private sector has continued to grow stubbornly, a scenario that could drive the country’s inflation and imports beyond a tolerable level.

Budget deficit slashed to 5.4% amid expenditure cuts, higher revenue

The Central Bank revised Sri Lanka’s budget deficit for 2016 downwards to 5.4 percent of gross domestic product (GDP) recently due to expenditure cuts, bringing the key indicator in line with government expectations again, following lapses in 2014 and 2015.

SLT recognized as ‘Best Corporate Website’ and ‘Most Popular Corporate Website’

Leading ICT solutions provider, Sri Lanka Telecom secured two prestigious awards at the 7th annual BestWeb.lk competition for the year 2017.

ATL promotes healthy living through Nirogee Diviyaka Asiriya

Amãna Takaful PLC (ATL), the flag bearer of the Takaful way of insurance in Sri Lanka, came forward to extend much needed advice and direction to their trusted clientele and the general public through their latest CSR initiative. 

Sri Lanka now has peaceful environment to do business: FinMin tells forum

Sri Lanka has embarked on a new journey towards sustainable development, thereby intending to pass on its benefits equally to every citizen in the country, said Finance Minister Ravi Karunanayake. 

People’s Bank self-banking unit for Kandy

The latest self-banking unit of People’s Bank (CDM/ATM/Kiosk) was declared open recently by People’s Bank Chief Executive Officer/General Manager N. Vasantha Kumar, at the Dalada Veediya, Kandy People’s Bank branch. 

Sri Lankans urged to take sanitation seriously

In March, the Ministry of City Planning & Water Supply together with Harpic launched The ‘Harpic Suwa Jana Meheyuma; Mission Wellbeing’, in collaboration with the Ministry to support elevate the status of hygiene across these identified households in Sri Lanka. 

ABB to collaborate with Lankan universities to train engineers

ABB Sri Lanka formalized an engagement with the Universities of Moratuwa, Ruhuna and Peradeniya recently for software capacity building that will develop the next generation of electrical engineers for this country. 

ComBank’s ‘Paymaster’ pays out record Rs.11.6bn in three days

More than 2,500 institutions paid out Rs.11.6 billion in early salaries and bonuses over just three days in April 2017 via ‘Paymaster’ – the sophisticated bulk payments platform of Commercial Bank of Ceylon.

E-tel launches smartest smartphone

Smart has become a lot smarter in a new mobile phone launched by E-tel in Sri Lanka to cater to the ever-increasing expectations from smartphones. 

The KISS principle

Well, all of you might know what a KISS is? Most of you might know how to KISS. Nonetheless I am not talking about that particular KISS but the KISS principle. 

A woman and her two children walk past a line of Mercedes-Benz cars

A woman and her two children walk past a line of Mercedes-Benz cars during the annual Mercedes-Benz pageant in Colombo this Sunday 

GlaxoSmithKline top official meets Health Minister

South Asia Head of GlaxoSmithKline Consumer Healthcare, Manoj Kumar called on the Health, 

Economic benefits of waste management

With the rapidly increasing urbanization and higher purchasing power to consume more, every country in the world has to face the ever increasing problem of garbage disposal. 

SDB Bank opens 91st branch in Bandarawela

SDB Bank (Sanasa Development Bank PLC), celebrating its 20th anniversary as the pioneer bank to contribute the development of Sri Lankan rural economy, opens its 91st branch in Bandarawela yesterday, denoting yet another juncture of its successful journey.

JKH calls applications for second John Keells X Open Innovation Challenge

Sri Lankan entrepreneurship is geared to hit the fast-track at the second annual John Keells X Open Innovation Challenge 2017,as teams of aspiring innovators and inventors compete for a chance to win entry into a six-month accelerator programme at JKH that offers Rs. 2 million in seed investment, a curated growth oriented curriculum, office space in Colombo, access to legal, finance and secretarial expertise, access to mentors involving senior JK

LOSEC conducts capital market, mobile app awareness workshop for SLIIT students

LOLC Securities Limited (LOSEC), the stockbroking company of the diversified conglomerate, the LOLC group, recently conducted a workshop on capital market and mobile app awareness. 

SAP momentum continues with soaring 1Q growth

New cloud bookings surged 49 percent (44 percent at constant currencies) in the first quarter and reached €215 million. IFRS cloud subscriptions and support revenue grew 34 percent year-over-year to €905 million. 

Chena Huts by Uga Escapes recognized by Condé Nast Traveler’s 2017 Hot List

Condé Nast Traveler has announced the winners of its 2017 Hot List with Chena Huts by Uga Escapes recognized as one of the selected winners in Condé Nast Traveler’s 2017 Hot List. 

Mastercard partners with Singapore’s Changi Airport, Takashimaya Shopping Centre

Mastercard announced that it is now the preferred card partner for the number one airport in the world, Changi Airport (CAG), as well as leading shopping destination in Singapore, Takashimaya Shopping Centre. 

SriLankan Airlines bags gold at Golden City Gate Awards 2017

Sri Lanka’s national carrier and oneworld member airline, SriLankan Airlines won a Gold Award for its destination video ‘Epic Journey of Sri Lanka on SriLankan Airlines’ at the Golden City Gate Awards Ceremony at ITB Berlin recently.

SLI supports Buddha Rashmi celebrations

Sri Lanka Insurance has come forward to support the Buddha Rashmi Jathika Vesak Mangalya 2017, organized by the Gangarama Temple in Hunupitiya, Colombo 2 and the Prime Minister’s Office. 

Dr. Damian Fernando takes over reins as NKAR Travels COO

Tourism economist Dr. Damian Fernando has been appointed as the new Chief Operating Officer of NKAR Travels & Tours (Pvt) Ltd to lead its Inbound Department, replacing the former COO- Ravi Subramaniam.

BOC 18 Plus scholarship awards empower 198 A/L highflyers

BOC 18 Plus, the premier youth savings account in the country, for the 12th consecutive year, awarded ‘18 plus scholarships for eligible account holders currently studying in state universities, in recognition of their achievements in the 2014/2015 Advanced Level examination. 

Guru.lk contributes to prepare schools for digital learning

Guru.lk, Sri Lanka’s leading eLearning portal, has announced the completion of a multi-stakeholder initiative to convert 65 schools in the Western Province into ‘Smart Schools’ capable of deploying digital learning protocols.

Emerging trends in foreign direct investment

Lack of foreign direct investment (FDI) is highlighted as a major cause of the slow pace of development in the capital-starved Sri Lankan economy.