Deepthi Lokuarachchi appointed as IASL President

The Insurance Association of Sri Lanka (IASL) announced the appointment of Deepthi Lokuarachchi as its President. He assumed office taking over from his predecessor President Dirk Pereira, Chief Executive Officer of Union Assurance PLC. 

IDB inks MoU with PUM Netherlands’ senior experts

The Industrial Development Board (IDB) stimulates growth, expansion and development of SMEs by encouraging, promoting and facilitating small and medium enterprises.  

Siyapatha Finance announces Avurudu Ganudenu campaign

With the approach of the Sinhala and Tamil New Year, the leading financial organisation, Siyapatha Finance PLC, has announced the launch of its new islandwide fixed deposit campaign - Avurudu Ganudenu. The campaign is scheduled to take place from April 3 to 30, 2017. 

Why a PET bottle ban?

Garbage collection in the city of Colombo seems to be one grand mix up. Whilst all instructions coming from the National Solid Waste Management Support Centre (NSWMSC) say that we must separate our dustbins into three parts,

Biz council leads Lankan delegation to Moscow

A 25-member Sri Lankan business delegation led by Sri Lanka – Russia Business Council of the Ceylon Chamber of Commerce together with the Sri Lankan Embassy in the Russian Federation visited Moscow last week. 

Interest rates diminishing investor interest

In an economy, the interest rate plays a major role, as it can have an impact on every part of the economy in different ways.

People’s Bank relocates Marandagahamula branch

The new two-storey building and self-banking unit of People’s Bank Marandagahamula branch was declared open by People’s Bank Chief Executive Officer/General Manager N. Vasantha Kumar recently.

London attack a ‘wake-up’ call for tech firms to put house in order: police

REUTERS: The London attack which left four people dead was a ‘wake up call’ for technology firms to get their house in order over extremist material being circulated on the internet, the acting head of London’s police force said yesterday.

Truecaller and Google team up to improve video calling for millions of users

Truecaller announced a strategic agreement to integrate Google Duo, a high quality video calling service, within the Truecaller app. 

Floating umbrellas of Portugal at The Factory Outlet

Ever wanted to go to Portugal? Come over to The Factory Outlet at Havelock and witness a glimpse of Portugal culture. The Factory Outlet takes you to the municipality city of Águeda in Portugal where 

People’s Bank group posts Rs.25.4bn pre-tax profit

The bank that has always maintained its central ethos of being the pulse of the people, People’s Bank, declared an impressive financial performance for the FY 2016, with all key performance indicators showcasing a striking upward trajectory in the group’s performance. 

Pan Asia Bank offers high rates, valuable gifts for deposits this Avurudu season

Sinhala and Tamil New Year is an event that brings Sri Lankans from all walks of life together where they look forward to the auspicious times to spruce up their homes and give gifts to their loved ones.    

‘BOC Triple Wasi’ draw raises 125 winners around country

Bank of Ceylon, with the intention of encouraging Sri Lankan expatriates to save more for themselves and their loved ones through a safe fund transferring service, has introduced the ‘BOC Triple Wasi’ draw that enables the beneficiaries of those remittances to win three times the money they received per remittance.    

Fairfirst and Honda enter strategic partnership

Fairfirst Insurance is the amalgamated entity of two prominent general insurance companies of Sri Lanka namely, Union Assurance General and former Asian Alliance General Insurance. Fairfirst recently entered into a strategic partnership with Stafford Motor Co. (Pvt.) Ltd, the sole distributor for Honda. 

ComBank cardholders get exciting Avurudu discounts from popular retailers

Avurudu is synonymous with shopping, in cognisance of which Commercial Bank of Ceylon is partnering with popular retailers this New Year season to offer an exciting array of discounts up to 50 percent for the credit and debit card holders of the bank.

Ceylinco Life begins work on green building for Chilaw branch

Ceylinco Life has commenced construction of a new eco-friendly building to house its branch in Chilaw, continuing efforts to reduce the company’s carbon footprint.

Positioned for sustainable growth: Private healthcare industry in Sri Lanka

Sri Lanka’s per capita health spend is relatively low compared to the average per capita health spend of upper-middle-income countries albeit the country maintains better health indicators in the region. In the two-tier health system, Sri Lankan public sector provides free medication while the private sector services more affordable patients.

Jobs and no takers or what?

Today does our education system, technology and laws support a modern workforce? Are employees satisfied with the skills and opportunities they have for the way they work? Are their jobs secure? These are key questions often asked by employees and employers at conferences.

Reviving the ‘pivot to Asia’

Former US President Barack Obama sought to move the US away from what he saw as costly, distracting and unwinnable entanglements in the Middle East. Instead, he pivoted his foreign policy efforts towards Asia where he believed that the US military, political and economic engagement could reap much greater rewards for the country.

‘Kandy Mums’ organizes grand sale to help Central Province biz women

‘Kandy Mums’ has organized a grand sale of baked goodies, clothes, food items, shoes, costume jewelry, painting, perfumes and much more on April 1st to be held at the Queens Hotel Ballroom.

DSI opens latest showroom in Bandarawela

March 15th marked the opening of a brand new DSI showroom in Bandarawela.  The new showroom, which is the 3rd DSI showroom to be opened in the city, is located at Dharmawijaya Mawatha, Bandarawela.

Fashion Bug opens 17th store in Wellawatta

Fashion Bug, one of Sri Lanka’s leading retail clothing stores with over 16 outlets islandwide, opened their 17th store in the heart of Wellawatte.

Sampath cardholders get 30% savings on channeling services with Doc990

Sri Lanka’s cutting-edge digital health portal, Doc990, is presenting unbeatable savings to Sampath cardholders. 

Samsung introduces innovation-driven QLED TV in Paris

Offering users an unparalleled viewing experience, Samsung Electronics’ QLED TV launched at the Carrousel du Louvre in Paris recently. 

Imperium partners Backbase omnichannel solution

Imperium (Pvt.) Ltd, a leading software development and solutions company, has been appointed as the authorized partner in Sri Lanka for Backbase, the world’s leading omnichannel solution for banks and insurance companies. 

Experience true style and comfort with Skechers

Accentuating its commitment to providing an ultra-comfortable and fashionable approach to a healthier lifestyle, Skechers predominantly uses an ergonomically engineered Memory Foam sole in its footwear. 

Huawei and Software AG to deliver complete Internet of things solution

Huawei, a leading global information and communications technology solution provider, has announced a new partnership with Software AG to support the increasing demand from companies for a complete one-stop shop, Internet of things (IoT) solution.

Epic Technology sets up research and innovation centre at Moratuwa Uni

Sri Lanka’s premier and award-winning technology conglomerate – Epic Technology Group, synonymous with innovative fintech Solutions, has come forward to construct a state-of-the-art research and innovation lab at the University of Moratuwa (UoM), the country’s leading technological higher education institute.

Laugfs to borrow US $ 42.6mn for LPG terminal

In order to finance the group’s flagship LPG terminal in Hambantota, Laugfs Gas PLC has provided a corporate guarantee to the tune of US$ 42.6 million as security to its fully-owned subsidiary Laugfs Terminals Ltd to obtain a long-term loan from People’s Bank. In a filing to the Colombo Stock 

Rupee ends weaker on dollar demand from state bank

REUTERS: The Sri Lankan rupee ended weaker yesterday due to dollar demand from a state bank to cover import bills.