Vallibel Finance among Sri Lanka’s best employer brands

Brand Vallibel was bestowed a glowing accolade as the group’s name-bearer Vallibel Finance was picked among Sri Lanka’s best employer brands at the annual event hosted by the World HRD Congress.

Pan Asia Bank relocates Kalutara branch

Pan Asia Bank opened its Kalutara branch at its new location in Galle Road, Kalutara recently.   The Director/Chief Executive Officer of Pan Asia Bank Dimantha Seneviratne was the Chief Guest at the opening. The senior management of the bank, members of the business community and customers in the area were among the other distinguished guests.  

Fitch rates National Insurance Trust Fund ‘AA-(lka)’/Stable

Fitch Ratings has assigned National Insurance Trust Fund Board (NITF) a National Insurer Financial Strength Rating (IFS) and National Long Term Rating of ‘AA-(lka)’. The Outlook is Stable.

Sanjiv Keerthiratne becomes Fellow of CIM-UK

Sanjiv Keerthiratne recently became a Fellow of the Chartered Institute of Marketing (CIM), United Kingdom (UK). 

Dr. Zurfick to lead Blue Diamond team to Dubai Gem & Jewellery Show

One of the country’s leading gem and jewellery businessmen Dr. M.G.M.S. Zurfick, who is a Blue Diamond PLC Director, will lead a Blue Diamond team to Dubai International Gem & Jewellery Show 2016 to be held from December 7-10, at the Dubai World Trade Centre. 

CMA Sri Lanka launches digital learning

CMA Sri Lanka Digital Learning, consisting of e-learning and video lectures, was launched by Finance Minister Ravi Karunanayake at the CMA Budget Highlights programme in keeping with the 2017 budget proposals to create a digital economy.

What’s happening to BIA duty free tenders?

Questions are now being raised as to what’s happening to the duty free tenders for Bandaranaike International Airport (BIA) floated by Airport and Aviation Services (Sri Lanka) Limited in the month of May 2016. 

Budget’s focus on human development, soft infrastructure is a philosophical shift: Eran

The 2017 budget presented by Finance Minister Ravi Karunanayake a couple of weeks ago has drawn flak from the masses but a nod of approval from economists, analysts, etc., who have been calling for fiscal consolidation. 

IronOne Technologies to empower BoC with iPad-enabled analysis solution

Leading software solutions company, IronOne Technologies achieved yet another milestone recently when Sri Lanka’s largest banking entity, Bank of Ceylon (BoC), entered into an agreement with the company for a comprehensive iPad-enabled banking analysis solution for its top decision-makers. 

Why are some nations wealthy, others stuck in poverty or expand and collapse?

Many years ago, as primary students, we were taught that geography matters more than politics. Later, they argued the political system is the key component. Some countries at that time demonstrated that good geography could trump bad politics and the best politics requires a top effort to offset bad geography. 

Bharat Avalani of AFF Fast Track programme visits Leo Burnett

Bharat Avalani, Chief Knowledge Officer of the AFAA Fast Track programme recently visited the Leo Burnett Sri Lanka office to meet and receive feedback from Burnetters who have attended this insightful programme over the past three years. 

Role and relevance of export finance should not be undermined

The government has allocated Rs.10 billion to set up an EXIM bank for Sri Lanka. This has raised discussions and debate on whether Sri Lanka needs an EXIM bank or not. It is important that this dialogue considers the core reasons exporters (the most directly affected group) have put forward in asking the government to set one up. They are: the limited access, high cost and narrow range of export finance facilities available to companies, especial

Central Bank says IMF released second tranche of 3-year EEF

The first review of the three-year Extended Fund Facility (EFF) obtained by Sri Lanka has been successfully completed by the International Monetary Fund (IMF) and the second tranche to the value of SDR 119.894 million (approximately US $ 162.6 million) was disbursed on November  18, 2016.

A.G Mohammed Faroz wins 20th edition of ‘People’s Bank Foreign Remittance Gold Fortune 2016’

A.G Mohammed Faroz,an account holder at the Nintavur People’s Bank branch was named the 20th lucky winner of the weekly People’s Bank Foreign Remittance Gold Fortune 2016.

7 Year Journey of Love & Care: Building Bridges and Changing Lives of Youth

In celebration of its 7th year, the Unity Mission Trust recently held an event at the Lakshman Kadirgamar Institute to unveil a publication that commemorated the unique

Sunsilk Reveals Renewed Hair Care Range with Ramani Fernando

Sunsilk and Ramani Fernando revealed Sunsilk’s new and vibrant hair care range embarking on an exciting journey of hair adventure with the girls of Sri Lanka.

IMF releases US$ 163mn following VAT and other new taxes in budget

Completing the first programme review, the International Monetary Fund’s (IMF) Executive Board last 

John Keells completes funding for Cinnamon Life project

Sri Lanka’s premier blue chip, John Keells Holdings PLC (JKH), last week said, raising of funds for 

Power regulator expresses serious concerns over delay in power plant constructions

In a time of low private sector investments, electricity sector regulator Public Utilities Commission of 

Cargills acquires seed manufacturing firm for Rs.150mn

Cargills (Ceylon) PLC, one of Sri Lanka’s leading food & beverage and retail operators, has acquired 

Ceylinco Life’s 2015 annual report secures double at ARC Awards

Ceylinco Life’s 2015 annual report has won two important accolades at the prestigious ARC Awards 

Canadian telecom company Mitel enlightens Lankan businesses on communications solutions

Mitel, a Canadian telecommunications company providing unified communications solutions for 

Warren Buffett’s top pieces of investment advice

Warren Buffett’s investment advice is timeless. By keeping Buffett’s investment advice in mind, investors can sidestep

SASEC Operational Plan launched in Sri Lanka

The Asian Development Bank (ADB) has launched the new South Asia Subregional Economic 

CIM and SLASSCOM join hands for SLT Zero One Awards as industrial partners

As Sri Lanka Telecom organizes and hosts Sri Lanka’s first ever platform dedicated to recognizing 

Prima Management Services donates high-tech Command Centre to Police Department

Prima Management Services, a member of Prima Group of Companies, Singapore, donated a state-

tabZ opens largest Apple store in Sri Lanka

tabZ by DPJ Holdings, one of the authorized Apple resellers in Colombo, re-launched its store in 

Janashakthi September quarter net profit up 13% despite higher claims

Sri Lanka’s third largest general insurer by gross written premium (GWP), Janashakthi Insurance 

Cargills Bank turns a profit in September as margins rise, loans grow

Cargills Bank Limited, the financial arm of diversified CT Holdings PLC, turned a net profit of  Rs.27.6 

Mihin says it never recorded annual profit since inception

With reference to several media reports on the financial performance of Mihin Lanka, the now defunct