LMRB retains position as Asia’s Best Employer Brand

At a prestigious ceremony held in Singapore recently, LMRB received the award of Asia’s Best Employer Brand for the second year running, having won the same award in 2015 as well.  

IFC says ready to finance Sri Lankan private sector

IFC Country Manager for Sri Lanka and Maldives Ameena Arif says, her organization is ready to finance Sri Lanka’s private sector projects by providing mid to long term loans via a multiple of 

HNB strikes US $ 50mn private placement deal with ADB

Hatton National Bank PLC (HNB), the country’s second largest private bank in terms of assets, has 

Fairway appoints Imal Fonseka as Group CEO

Fairway Holdings, established by well-known entrepreneur Hemaka de Alwis, is preparing to go to the next level of corporate dynamism by strengthening its management team. 

Nimal steps down; Eshana appointed PABC Chairman

Eshana De Silva was appointed Chairman of Pan Asia Banking Corporation PLC (PABC) with effect from September 1, 2016.

Sri Lankan gems and jewelry sparkles at FACETS 2016

As Sri Lanka is gearing up to become the ‘sapphire capital’ of the world, the local gem and jewelry sector sparkled under fresh spotlight yesterday with the kickoff of the 26th edition of Facets Sri 

Coteso Global CMO among Asia’s 50 Women Leaders

At the seventh edition of CMO Asia Awards 2016, Coteso Global (Pvt.) Limited Chief Marketing Officer (CMO) Nayomi Handunnetti was recognised as one of Asia’s 50 Women Leaders. 

SL-South Korea bilateral talks

Kyuang- hwan Kim Minister of Lands Transport and Infrastructure South Korea and Minister of Tourism 

Flemingo Foundation partners with ‘The Music Project’

Flemingo Foundation, the corporate social responsibility (CSR) arm of Flemingo International has signed an agreement to partner with The Music Project as part of its CSR initiatives. 

So you want to start on your own but think it is too risky? Think again!

There are many people out there who have nurtured a dream of starting on their own. It has been a 

Waters Edge initiates innovative training programme for youth

Waters Edge, the favourite suburban hotel on the outskirts of Colombo recently initiated and launched an innovative training programme designed to enhance and uplift the lives of youth in the area by t

CB continues to push for fund redistribution to rural regions

Sri Lanka’s new Central Bank Governor may continue to push the country’s financial sector, mainly banks, to redistribute funding to rural regions, an initiative started by his predecessor.

Regus Sri Lanka’s start-up community event a success

Regus Sri Lanka, the flexible workspace solutions provider, recently conducted a community event that focused on the rising number of start-ups in Sri Lanka. 

Wellawatta Nithyakalyani-Trail raise funds for Karapitiya Cancer Hospital

Wellawatta Nithyakalyani Jewellery, a pioneer in the jewellery industry in Sri Lanka, organised a 

HNB strikes US $ 50mn private placement deal with Asian Development Bank

Hatton National Bank PLC (HNB), the country’s second largest private bank in terms of assets, has struck a private placement deal with the Manilabased development financier, Asian Development 

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.