AIA volunteers brighten 100-year Jaffna school

An enthusiastic team of employees at AIA Sri Lanka volunteered to travel from Colombo to Jaffna and refurbish a junior school in Vaddukkoddai, recently.  Vaddu Karthikeya Vidyalayam is over a 

CSSL proposes protective measures for ICT industry amid bilateral talks

The Computer Society of Sri Lanka (CSSL), which was established in 1976, represents information 

NDB opens trading for September at CSE

National Development Bank PLC (NDB) rang the Opening Bell to commence trading at the Colombo 

Union Assurance maintains steady growth in core life insurance business

Union Assurance (UA) reported steady progress in the life insurance business, recording Rs. 3.9 billion gross written premium which is a 22 percent growth compared with the previous year.    

Fitch affirms Citibank Colombo branch at ‘AAA(lka)’; outlook stable

Fitch Ratings has affirmed Citibank N.A. Colombo branch’s (CitiSL) national long-term rating at ‘AAA(lka)’. The outlook is stable. CitiSL’s rating is the highest on the national rating scale and 

SLIC in forefront nurturing cultural festivities this season

Sri Lanka Insurance (SLIC) has always been in the forefront when it comes to promoting and uplifting the cultural heritage of the island. Its involvement in cultural and religious festivals through 

NTB American Express Cards 12-month interest-free travel promo is back

Nations Trust Bank American Express Cards once again declared open its long awaited 12 month interest-free travel promotion. 

Vision Care sponsored 101st Colombo Championships awards ceremony held

Vision Care, the market leader in eye care and hearing solutions in the country, was the principal sponsor for the 101st Colombo Championships

Sri Lanka’s First VoLTE Network on Dialog 4G

Sri Lanka’s premier connectivity provider, Dialog Axiata, announced today the launch of VoLTE (Voice over LTE) enabling ultra-high quality voice and video calls

500,000 people connect over the magical taste of Fanta Portello at the International Kite Festival 2

The 2016 edition of the International Kite Festival just got a little more magical and vibrant through its association of Fanta Portello (a product of The Coca-Cola Company)

Central Bank likely to keep rupee weak to support export competitiveness

In a bid to keep the rupee from appreciating, Sri Lanka in recent months has bought dollars from the market reversing its course from selling the greenback as the Central Bank wants a competitive exchange rate to support exports in the import-dependent economy.

Major milestone in US-SL trade to be reached today

A major milestone in the historic US-Sri Lanka bilateral trade will be reached today when the Work Plan under US-Sri Lanka Trade and Investment Framework (TIFA) goes into immediate effect after inked by both sides.

Doing Business Forum today at Miloda auditorium

The ninth Ease of Doing Business Forum organised by the Finance Ministry will be held at 2:00 p.m. today at the 4th Floor auditorium of Miloda, Academy of Financial Studies, (Old Times Building), Sir Razik Fareed Mawatha, Colombo 1. 

Colombo inflation eases to 4.3% as food prices fall

Consumer prices in Colombo have slowed to 4.3 percent during the 12 months to August from 5.5 percent in July, recording the second consecutive monthly decline in headline inflation, as the food prices marked a significant drop in the month, the data from the Census and Statistics Department showed.

Independent director exodus from Richard Pieris group companies

An exodus of independent directors from two Richard Pieris group companies has taken place at an alarming rate this year, raising questions over their overall  corporate governance.

Batticaloa trade expo to kick start in October

The 3rd Edition of Batticaloa International Trade Exhibition (BITE) 2016 is scheduled to be held on the 30th September, and 1st & 2nd of October 2016 at the Shivananda Vidyalaya Grounds in Batticaloa.

CA Sri Lanka’s 37th National Conference to be held next month

The 37th National Conference, organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) themed ‘Unleashed Thinking’ is scheduled for October. 

To the despondent stock market investor

To lose faith in the market after having faced mounting losses on a regular basis is understandable and is Infacta commondilemma faced by many investors. But don’t blame the market entirely for bad experiences you’ve had with your investments.It could be a result of your own misconceptions.

Google cloud unit close to winning PayPal business

REUTERS:  Alphabet Inc’s Google is close to winning PayPal Holdings Inc as a client for its cloud business, potentially beating out Amazon.com Inc and Microsoft Corp, CNBC reported.

Special exhibition to showcase best of Sri Lankan products at WEDF

Close to 40 of the most elite brands in Sri Lanka will be displaying the best of local products at a special exhibition that will coincide with the World Export Development Forum (WEDF) 2016.  With the global summit scheduled to be held in Sri Lanka on the 12th and 13th of October this year, Sri Lankan enterprises such as Brandix  Apparel Ltd, MAS Holdings, Akbar Brothers, Ceylon Tea Services, Camso Loadstar, Virtusa, 99X  Technolo

IBM extends power of cognitive solutions on cloud to Lankan market

IBM recently announced that IBM’s integrated portfolio of cognitive solutions on cloud is now available to the large and small enterprises, developers and entrepreneurs in Sri Lanka.

FITIS and CSSL to hold National CIO Forum 2016

The Federation of Information Technology Industry Sri Lanka (FITIS) and Computer Society of Sri Lanka (CSSL) are organising the third National CIO Forum on August 31, 2016 at Hilton Colombo Residences with the participation of 350 CIOs in Sri Lanka.

Running out of retirement income a common financial fear – NDB Wealth

“Running out of money in retirement, too much debt and managing money day-to-day are the main financial worries for most people. Nine out of 10 people have real concerns about how long their money will last once they give up work. A further eight out of 10 fear they will never have enough savings to give up work when they reach the age of retirement,” says Christina Wesley, Financial Advisor with NDB Wealth.

New travel companion to access a world of privileges  

HSBC has re-launched its specialist Visa Signature travel credit card, focusing on the most discerning travel needs of its cardholders with exclusive local and global travel privileges to suit their lifestyle.    

TADHack 2016 to unveil more creative apps

The Sri Lankan leg of the TADHack telecom application development hackathon is to be held on September 10 and 26 with the aim of promoting the winners to market their solutions internationally. Organised by hSenid Mobile Solutions, this year’s TADHack will be held at the Dialog Axiata head office in Colombo as well  as in Jaffna. 

World Bank hails SL for speedy achievements in development goals

The World Bank states that Sri Lanka has been rapidly achieving its development goals, which were set at the time the loans were granted. 

CodeGen Int’l to introduce Cloud Smart School software at EDEX Expo 2016

An innovative school management software solution developed by Ombo Technologies, a fully-owned subsidiary of CodeGen International (Pvt.) Ltd, enters the educational landscape at EDEX Expo 2016. 

Norwegian Embassy and Pathfinder Foundation sign agreement

The Royal Norwegian Embassy in Colombo and the Pathfinder Foundation (PF) signed an agreement for providing a grant to the ‘Centre for Indo-Lanka Initiatives’ (CILI) functioning under Pathfinder Foundation.  

Ceylinco Life’s 6-month income up 14% to Rs 11 bn

Ceylinco Life has reported that total income grew 14 per cent to Rs 11.028 billion in the six months ending 30th June 2016, with robust growth in both gross written premium and income from investments enabling the life insurance leader to consolidate its position at the helm of the sector. Gross premium income at the end of the first half of the year totalled Rs 7.173 billion, reflecting a growth of 12 per cent over the corresponding six months o

Substantive and sensible inputs to influence trade policy

To position Sri Lanka as a globally competitive economy, the country is going to have to systematically re-calibrate its trade and investment policies with a focus on greater liberalization. Of course, it will not be easy; for some sectors and businesses it will be challenging, and for others it will be a new opportunity. Which is why the private sector has an important role to play in this process.