Takaful and its relevance to Sri Lanka

The need for greater penetration of life and health insurance in Sri Lanka is a subject which has come under much discussion over the years. According to the Insurance Board of Sri Lanka’s (IBSL) 

Burger King recognized as a ‘great place to work’

Burger King Sri Lanka, which is exclusively managed by master franchisee Softlogic Restaurants (Pvt.) Ltd, backed by Softlogic Holdings PLC, was recognized as one of the ‘Great Places to Work 

DFCC Bank launches ‘Vardhana Salary Booster’

DFCC Bank has launched the ‘Vardhana Salary Booster’ product, which is specially designed for professionals across the country. The new product gives salaried individuals, who are within the 

Emirates introduces world’s first interactive amenity kit in Economy Class

Emirates has launched the world’s first interactive amenity kit in Economy Class providing a more comfortable travel experience. The stylish new amenity kits utilise augmented reality (AR) technology to unlock immersive content on mobile devices.

High-profile Ministers from Malaysia and India to address Human Capital Summit

Dr. Abdul Kadir, the Chief Minister of Perak State, Malaysia and Shri K. T Rama Rao, Minister for IT 

Batticaloa gets second ComBank branch

Commercial Bank of Ceylon has opened a second branch in Batticaloa, to better serve customers in this important east coast city.

Soon, small cars may not be small

LiveMint: India’s small cars may no longer be small—in terms of size and their price-tags too—once new regulations on safety and emissions come into force.

Godrej ‘Lowa Wataa Ran Rataa’ campaign ends on high note

Amidst much fanfare, Godrej Household Products awarded the winners of the ‘Lowa Wataa Ran 

Robust relations with US – Way forward for prosperity

United States (US) Assistant Secretary of State Nisha Biswal currently on her sixth visit in 20 months to Sri Lanka in her current capacity as US Assistant Secretary of State responsible for South 

Rising commodity prices putting pressure on Asian region inflation: ADB

Rising commodity prices are putting upward pressure on inflation in the region, though the rates of 

‘No phobia’ on taking Chinese money, RW tells Bloomberg

Sri Lanka is agnostic about what countries it accepts foreign investment from, including China, Prime Minister Ranil Wickremesinghe said.

World Bank seen naming NYU’s Romer as next chief economist

REUTERS: The World Bank is expected to name New York University (NYU) economics professor Paul Romer as its next chief economist this week, two people familiar with the decision said, a move that would bring in a prominent voice advocating for investment in human capital. Romer will replace Kaushik Basu, 64, who is set to retire when his term ends on July 31, the people said.

Getting foundation right paramount for development: Sujeewa

Responding to the growing criticisms thrown at the government for not showing any visible economic development, International Trade State Minister Sujeewa Senasinghe asserted that the new regime has thus far spent its time in getting the foundation right to ensure the on-going development plans are executed in a sustainable manner. 

Standard Chartered Global CEO meets Malik

Standard Chartered Group Global Chief Executive Bill Winters was on an official visit to Sri Lanka recently. He was the first global CEO of Standard Chartered Bank to visit Sri Lanka despite the bank been in operation here since 1892. 

Asian growth steady despite weak global prospects, Brexit, says ADB

Growth in Asia and the Pacific’s developing economies for 2016 and 2017 will remain solid as firm performances from South Asia, East Asia and Southeast Asia help offset softness from the US economy, and near-term market shocks from the Brexit vote, says a new Asian Development Bank (ADB) report.

Rupee edges down on importer dollar demand

REUTERS: The Sri Lankan rupee edged down yesterday due to mild importer dollar demand, even as dealers expect the local currency to rise following US $ 1.5 billion in inflows from a sovereign bond issue. Sri Lanka raised US $ 1.5 billion in its first sale of dual-tranche eurobonds last week, although at a lower borrowing cost than initially expected, as yield-hungry global investors put in over US $ 5.5 billion in offers.

SL-Singapore free trade pact talks begin

Singapore and Sri Lanka have started talks for a free trade pact, including measures to free up trade in goods and services as well as investments, Singapore Trade Minister S. Iswaran said yesterday.  Sri Lanka’s push to build infrastructure and develop its industries presented prospects for Singapore firms to partner with companies in the Indian Ocean nation and contribute to its growth, Iswaran said in a statement.

Mihin Lanka staff funds Lady Ridgeway Hospital’s Operating Theatre Project

The staff of Mihin Lanka recently made a significant donation towards the Children’s Heart Operating Theatre Project at the Lady Ridgeway Hospital, an initiative earmarked by the staff as a part of their on-going CSR mandate. 

OZO Hotels contribute towards UNICEF Sri Lanka’s Water and Hygiene programme

Thailand-based ONYX Hospitality Group recently made a contribution towards the WASH initiative of UNICEF Sri Lanka, to support vulnerable children affected from floods and landslides, due to the intense wet weather situation experienced in the country. 

“BOC Hapana” scholarship seminar completes sixteen years with Matugama seminar

BOC Ran Kekulu “Hapana” program series reached its 1130th seminar at Matugama Ananda Shasthralaya on July 3rd. 

Nawaloka’s visionary leader extols virtues of self-belief

For a visionary leader, the primary accomplishment is not just the implementation of an idea, the expression of a charismatic personality, or the accumulation of wealth. Instead, it is reaching fulfillment in building a company that prospers with the values it stand for.

More ‘Arunalu’ account holders to top Year 5 scholarship achievers this year

High achievers at this year’s Year 5 scholarship examination can win millions of rupees in cash prizes if they are holders of Commercial Bank ‘Arunalu’ Children’s Savings Accounts.

Swim Week Colombo gets off to a flying start at the Colombo Port

Swim Week Colombo, presented by OLU Tropical Water, set itself higher goals to make a stronger impact internationally

Govt. remains resolute signing ETCA with India

The Sri Lankan government r e m a i n s e x t r e m e l y determined entering into an advanced trade 

Thai agri-food giant enters SL via Norfolk acquisition

Charoen Pokphand Group (C.P Group), a diversified conglomerate specialized in agriculture and food 

Lotus Energy calls mandatory offer on Browns Hydro Power

Lotus Renewable Energy (Pvt.) Ltd, a renewable energy developer based in Padukka has called for a mandatory offer to purchase the remaining shares of Browns Hydro Power PLC after purchasing a 

Former Lankaputhra GM files FR case

??By Yohan Perera T h e F o r me r General Manager of Lankaputhra D e v e l o p m e n t Bank, 

Standard Chartered global chief upbeat on SL’s prospects

??By Indika Sakalasooriya Standard Chartered Global CEO Bill Winters, who was on a brief visit to Colombo

SL breaks two months of contraction in manufacturing in June

S r i L a n k a ’ s manufacturing activities have picked up in June after lagging two months in a row 

Touch Travel Pass - one step forward to regulate passenger transport

By Supun Dias The all new peoples touch t r a v e l p a s s l a u n c h e d b y P e o p l es Bank in