Sigiriya Jungles offers true Sri Lankan luxury amidst ancient heritage

Sigiriya Jungles, the newest deluxe Sri Lankan-styled resort in the heart of the cultural triangle, offers an exclusive Sri Lankan experience where the rustic and the royal combine

DFCC Bank launches LKR 4 billion debenture issue

DFCC Bank has launched its Debenture Issue to raise LKR 4 billion with an option to go up to LKR 7 billion in the event of an over subscription

Top economists call for austerity budget

Leading economists recently called on the government to implement austerity measures in the upcoming budget in order to save the country from the trouble it is in and to market the budget as a ‘thrifty budget’ to rally public support around it.

India’s Tata Sons dumps Cyrus Mistry as Chairman

AFP: India’s Tata Sons dumped Cyrus Mistry as its Chairman in a surprise announcement yesterday, almost four years after his appointment as the first chief of the conglomerate from outside the Tata family.

ComBank’s Rs.5bn debt issue oversubscribed twice over

The Rs.5 billion debenture issue of Commercial Bank of Ceylon PLC closed within minutes of opening yesterday after it was oversubscribed twice over. The bank received a substantial amount of applications and has decided to exercise its option of enlarging the issue to Rs.7 billion, the bank notified the Colombo Stock Exchange (CSE).

Maldivian envoy invites more Lankan firms to invest in archipelago

The highest ranking Maldivian diplomat in Sri Lanka yesterday asked local companies to invest more in the Maldives in the future, as the Indian Ocean archipelago gears itself up to an economic transformation under its current leadership.

FIU-Inland Revenue Dept. sign MoU to curb financial crime

In terms of the provisions of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), the Financial Intelligence Unit (FIU) of Sri Lanka entered into a Memorandum of Understanding (MoU) with the Inland Revenue Department recently to exchange information in order to facilitate investigations and prosecutions on money laundering and terrorist financing.   

Shares hit 12-week low as investors eye budget, 5-year plan

REUTERS: Sri Lankan shares closed yesterday at their lowest in 12 weeks in lean trade as investors awaited cues from the central government budget and the five-year plan ahead of corporate results. Sri Lanka’s quarterly earnings season started two weeks back, but the bulk of locally listed firms will not report until late October or early November. The national budget is scheduled to be presented on November 10. The benchmark index of the C

Ruhuna University holds Spaghetti Bridge Competition for 4th time

For the 4th consecutive year, the Department of Civil and Environmental Engineering, Faculty of Engineering, University of Ruhuna, held its Spaghetti Bridge Competition at the auditorium of the university.

NDBIB successfully closes Mobitel’s e-Channelling acquisition

NDB Investment Bank (NDBIB) successfully advised Mobitel (Private) Limited in its recent acquisition of e-Channelling PLC.  The transaction was announced on the floor of the Colombo Stock Exchange on September 5, and the acquisition was executed via a voluntary offer. 

World’s oldest working full-rigged ship arrives in Colombo

The world’s oldest working full-rigged ship, SS Sørlandet from Norway, has arrived in Colombo. The ship is on a two-year circumnavigation of the world, with 70 high school students from A+ Academy.  During their stay in Colombo, they will greet the Sri Lankan maritime students and the ship will be part of several events hosted by the Royal Norwegian Embassy. Nicknamed ’The Pearl of Norway’, she is quite a beauty with

M3Force launches ‘Commando on Call’ security service mobile app

M3Force, a security solutions and service provider, recently launched its security service mobile application recently, which is known as ‘Commando on Call’.

Cool Planet celebrates 10 years

One of the leading fashion chains in Sri Lanka, Cool Planet, celebrated its 10-year milestone with an extravagant event held recently for its fellow employees and invitees. 

Sri Lanka hosts first int’l fire and industrial safety exhibition

With the participation of about 24 local and foreign companies, NEFSEC, Sri Lanka’s first international fire, industrial safety and homeland security exhibition was held in Colombo recently.

Australian HC to have trade talks at NCC

Australian High Commissioner Bryce Hutchesson will be the special guest speaker at a session on ‘Bilateral trade between Sri Lanka and Australia’ organised by the National Chamber of Commerce (NCC), on Tuesday, October 25, 2016, from 3:00 p.m. to 4:30 p.m., at the chamber auditorium, No: 450, D.R. Wijewardena Mawatha, Colombo 10.

Great expectations: How the CFO’s role is growing

CFOs have always provided guidance on company strategy and been a sounding board for the CEO’s ideas, hopes and fears. It’s hardly surprising they are often first in line to succeed the chief executive. 

Indian Foreign Secy holds project-related discussions in SL

Indian Foreign Secretary S. Jaishankar was on a three-day official visit to Sri Lanka recently.  He was accompanied by an official delegation of top officials from public sector companies and a team from the Confederation of Indian Industries. 

A paradigm shift in bridging skills gap crucial for macroeconomic transition: ComBank HR DGM

“If we are to achieve what Singapore, Malaysia and South Korea did some time ago and even to a certain extent what India is doing right now, we need to gear our labour force to migrate to more high-tech industries,” observes Commercial Bank of Ceylon PLC Deputy General Manager Human Resource Management Isuru Tillakawardana. 

Hutch hosts Group Roaming Conference in Sri Lanka

Hutch, Sri Lanka’s fastest growing mobile broadband network hosted the Hutchison Group Global Roaming Conference where representatives from Hutchison mobile companies in United Kingdom, Europe and Asia were present to discuss way forward roaming strategy and collective initiatives.

DFCC Bank partners customers with products for every stage of life

Sri Lanka’s pioneering development bank, DFCC Bank, is steadily increasing its market share by providing innovative products and services backed by technology. 

SriLankan wins two awards for HR practices and CSR

SriLankan Airlines enhanced its position of prominence in South Asia’s corporate sector by winning two prestigious accolades for human resources (HR) practices and corporate social responsibility (CSR) at the Sri Lanka Best Employer Brand Awards and South Asian Partnership Summit & Business Awards 2016 (SAPS) of the World HRD Congress, respectively.

Union Bank supports local exporter growth

The 24th annual National Chamber of Exporters of Sri Lanka (NCE) Awards, which fetes outstanding exporters was held on September 30, at the Hilton Colombo.

Renowned Canadian coach outlines essential qualities for CSR and sustainability efforts

Steven Fish, a renowned Canadian CSR coach and Executive Director of Canadian Business for Social Responsibility (CBSR) said that CSR, which has historically been motivated by voluntary participation, is experiencing a global trend toward becoming a regulatory requirement.  He said that old linear models are being replaced with innovative approaches and social impact assessments.  

Society of Structural Engineers concludes Annual Sessions on high note

The Annual Sessions 2016 which was the platform created by the Society of Structural Engineers Sri Lanka (SSE-SL) for our very own Structural Engineering fraternity to showcase their ingenuity and share ground breaking ideas, saw its successful culmination at the Cinnamon Grand recently. 

Maga Engineering excels at National Green Reporting System Awards

Construction giant Maga Engineering (Pvt) Ltd emerged a winner at Sri Lanka National Green Reporting System Awards for the year 2015.Organized by the Mahaweli Development and Environment Ministry in association with the Central Environmental Authority, the awards ceremony was held at BMICH on 18of October in conjunction with 5th Asia-Pacific Climate Change Adaptation Forum. 

NDB’s mobile banking apps recognized at South Asian Business Excellence Awards

The National Development Bank PLC was felicitated with awards for Best Use of Mobile Technology (Banking Industry) and Best Use of Mobile Technology in financial services for its newly introduced NDB mobile banking app at the recently held South Asian Business Excellence Awards ceremony organized by the South Asian Partnership Summit (SAPS) and the World HRD Congress. 

CA Sri Lanka opens enrollment for CPFA

Senior public servants who wish to progress in the field of accountancy, can now apply for the Chartered Public Finance Accountancy (CPFA) qualification offered by  CA Sri Lanka along with its public sector wing, the Association of Public Finance Accountants of Sri Lanka (APFASL). 

VirtusaPolaris recognised at SLASSCOM Awards 2016

VirtusaPolaris, the market-facing brand of Virtusa Corporation and Polaris Consulting & Services Ltd and a leading worldwide provider of information technology (IT) consulting and outsourcing services, was recognized for ‘Excellence in Capacity Building’ and ‘Excellence in HR Practices’ at the recently concluded SLASSCOM Awards 2016 in Colombo.

Kanrich Finance uplifts children living in rural areas

In commemoration of International Children’s Day, in the month October, Kanrich Finance launched two projects aimed at the uplifting the lives of children with little access to both clean water and educational supplies. 

Dell reveals next-gen Vostro laptops to enable small and medium business productivity

Dell recently announced the availability of multiple new Vostro PCs designed to meet the specific needs and demands of small and medium businesses.