Puwakaramba Group celebrates partnership with Shera Solutions

One of Sri Lanka’s largest importers, manufacturers and distributors of hardware items, recently celebrated its five-year fruitful partnership with Thailand’s Most Admired Brand - Shera Solutions, at the first-ever PGC – Shera Awards Ceremony held at the Colombo Cinnamon Grand on May 7. 

LankaClear celebrates decade of T+1 cheque clearing

LankaClear (Pvt) Ltd., the company that operates Lanka Pay- the National Payment Network of Sri Lanka and functions under the supervision and guidance of the Central Bank, celebrated the 10th year anniversary of launching their revolutionary Cheque Imaging and Truncation System (CITS) recently. CITS handles all the domestic interbank rupee cheque clearings in the country.

Analytical Instruments acquires Charter House

Analytical Instruments (Pvt) Ltd (AIPL), a high technology total solutions; instrumentation and service provider serving a wide scope of technology transfer needs of the country with over 27 years of experience in diverse markets in the fields of healthcare, analytical and agriculture sectors in Sri Lanka, recently acquired the specialists in bathware, sanitary ware and kitchen solutions, Charter House International. 

SriLankan to set up aviation training centres in key cities

The training arm of SriLankan Airlines, the SriLankan Aviation College (SLAC), has appointed Nawaloka Air Services as its franchise partner to set up aviation training centres in key cities across the island.

World Bank Group launches financing facility to protect poorest countries against pandemics

The World Bank Group yesterday launched the Pandemic Emergency Financing Facility (PEF), an innovative, fast-disbursing global financing mechanism designed to protect the world against deadly pandemics, which will create the first-ever insurance market for pandemic risk. 

Laugfs International showcases Yamaha & Airman products at Build SL Expo 2016

Laugfs International took part in the recently concluded 12th Build Sri Lanka Construction and Renovation Expo 2016 drawing in large crowds to its stall that displayed world-renowned Yamaha and Airman products.

Importance of women to Sri Lanka’s economic prosperity

Women’s contribution to the Sri Lankan economy is remarkable as major foreign exchange earning sectors comprise larger proportion of women. Yet, Sri Lanka’s female labour force participation is behind many Asian nations.

Safety equipment market in Sri Lanka

With the economy growing at an average of over 7.2 percent since 2009, the island’s real estate sector has enjoyed consistent growth under-pinned by double-digit growth (2013) in the construction sector.  

Construction of Access Tower 2 in full swing

Sporting in the commercial property arena, Access Tower 2, the latest investment by Access Realties 2 (Pvt) Ltd; a subsidiary of Access Engineering PLC is taking shape to serve the unfilled demand for commercial spaces in the financial city of Colombo. 

Foresight and Innovation for sustainable human development

Be it the current, the previous, or the regimes before that, Sri Lanka has always aspired to do great thing. The island nation certainly does not fall short in thinking big and conceptualising ambitious goals but what could be highlighted as a possible challenge in realising such would be the lack of innovativeness in the efforts.

PickMe’s SOS feature breaks new ground

Whilst the last few days of flooding in the city of Colombo brought in a huge amount of public empathy and relief measures where the ordinary citizen plus the corporate sector threw the full might of their resources to bring relief to the destitute, some startup companies were experimenting with unique ways to support relief measures. Amongst them was the mobile app based taxi hailing service, PickMe. 

Port City ‘sahana’ for flood victims!

Port City’s flood relief programme, “Port City Sahana” kicked off on Sunday (22) in the Sedawatta area along 

Private credit still running high; Policy brakes ineffective?

The policies adopted by Sri Lanka’s Central Bank appear to have failed in curtailing the growth in monetary

Amunugama says Sri Lanka ‘not to be missed’ opportunity

??By Shabiya Ali Ahlam Stressing the need for assistance to help realize the ambitious goals of the government 

India’s joins global race to make rockets reusable

AFP: India successfully launched its first mini space shuttle yesterday as New Delhi’s famously frugal

Low crude prices help Lanka IOC to post profit in March

The local unit of India’s Indian Oil Corporation Limited (IOC) turned a net profit of Rs. 1.56 billion with an earnings

Mackwoods majority shareholders obtain interim order against Dr.Chris Nonis

The Commercial High Court of Colombo has recently issued an interim order against Dr. Chris Nonis et

Tax hike may accelerate telecom industry consolidation: Fitch

The recent tax increases slapped on telecom services may accelerate Sri Lanka’s telecom industry consolidation

Trading halts and suspensions: What is your outlook?

An efficient and proactive stock market requires a fine blend of regulation and enforcement. The entire spectrum of enforcement transcends the scope of the regulator and stipulates appropriate investor behaviour. Accordingly, trading halts and suspensions are two enforcement initiatives that require suitable investor decision-making if the market stakeholders are to attain the ultimate goal of efficient markets.

ISL –Lanka to conduct 2-day workshop on data analytics for business development

Dr. R. P Suresh, Professor in Quantitative Methods and Operations Management (Lead, Forecasting and Simulation Analytics, Operations Analytics, Accenture Analytics, Bangalore, India) will be conducting a two-day workshop on ‘Data Analytics for Business Development’, to be held on 3rd and 4th June at Kingsbury Hotel, Colombo. 

Auto Trades appreciates customers

Auto Trades Kandy (Pvt.) Ltd, one of the pioneers in the vehicle spare parts business for over more than 64 years, organized a special event to appreciate its customers at Royal Kandy Hotel in Kandy recently.

Vista Advertising makes waves at 25

“I’ve missed more than 9,000 shots in my career. I’ve lost almost 300 games. 26 times, I’ve been trusted to take the game winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed.” - Michael Jordan 

Microsoft to partner with government in Sri Lanka’s technology transformation

Microsoft Corporation assured the Government of Sri Lanka of its continued support to accomplish the country’s ICT plans and goals. 

Why Sri Lanka needs a national vision and strategy for labour

Recently at a Colombo University Public forum it was noted by a key trade union leader that Sri Lanka very badly needs a national vision for Labour, backed by funding, realistic targets, an implementation strategy and all the government agencies working together and also far greater private sector participation to address the education and skills gaps in the country. 

SLT launches OTT entertainment platform

Sri Lanka Telecom (SLT) announced that it has now launched a streaming service via the first of its kind, Sri Lanka’s OTT (Over-The-Top) platform to make entertainment options available online to Sri Lankans. 

VMware accelerates shift to digitalization and Cloud in Sri Lanka

VMware Inc., a global leader in cloud infrastructure and business mobility, today reinforced its commitment toward enabling digital transformation in Southeast Asia, by displaying a strong focus on enabling business mobility, future proofing the cloud and enhancing security. 

Omar Khan to address IPM Business Leaders’ Forum

Leadership expert and Team Transformational Specialist Omar Khan will be addressing the IPM Business Leaders’ Forum on May 25th at Cinnamon Grand in Colombo. The forum is themed “Yesterday’s Behaviors Will Not Deliver Tomorrow’s Results”. The event will start at 7 am.

Decision to decide against the tea hub

Tea plant was brought into the country by the British in 1824 for non-commercial purposes and later developed to be a key export commodity out of (Ceylon) Sri Lanka.

Fitch affirms HNB Assurance and HNB General Insurance ratings

Fitch Ratings Lanka has affirmed HNB Assurance PLC’s (HNBA) National Insurer Financial Strength Rating and National Long-Term Rating at ‘A(lka)’. 

Chaminda Wanigaratne rejoins Ideal Motors as Automotive Director

Chaminda Wanigaratne has rejoined IDEAL Motors (Pvt) Ltd in his new role as Director –Automotive.   Having previously served IDEAL Motors since 2010, soon after the Company commenced the Mahindra & Mahindra operations in Sri Lanka, Wanigaratne was their General Manager – After Market.