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. 

Audi bags “Most Innovative Brand” for 2016

At the recently concluded Automotive Innovation Awards, three automakers went head-to-head in competing for the event’s major awards. Audi came out on top as the night’s best in those categories. TopSpeed reported on German brand Audi’s win as the “Most Innovative Premium Brand” of the year, and two other awards, “Vehicle Concepts/Body”, and “Connected Car”. Also, Audi beat out Mercedes-Benz f

Fugro and Aerodata Int. Surveys support Irrigation Ministry’s CRIP

One of the more critical stumbling blocks in Sri Lanka’s development journey are the climate-related hazards which pose a significant threat to the country’s economic and social progress. 

IIT launches Sri Lanka’s first MSc in Big Data Analytics

Informatics Institute of Technology (IIT) announced a groundbreaking partnership with Robert Gordon University, Scotland to deliver a Big Data Analytics MSc post graduate degree programme.

Commercial Credit shines at Effies with Creative Partner JWT

Commercial Credit and Finance PLC along with its creative partner J Walter Thompson clinched several prestigious awards at the acclaimed Effies awards ceremony held at the Water’s Edge recently. 

FinanceAsia declares ComBank Best Bank in Sri Lanka

The Commercial Bank of Ceylon has won two more prestigious international accolades,being adjudged the ‘Best Bank’ in Sri Lanka in 2016, and presented a Platinum award for 20 years of excellence by the Hong Kong based ‘FinanceAsia,’ magazine, one of the most respected financial publications in the region.

Sri Lankan students triumph at Intel ISEF 2016

The Sri Lankan team secured five awards at the Intel International Science and Engineering Fair (ISEF) 2016, world’s largest high school science research competition, which took place in Phoenix, Arizona. 

Amana Takaful cuts March quarter losses amid growing business

Sri Lanka’s pioneering Takaful insurance solutions provider, Amana Takaful PLC group was able to cut its net losses to Rs.30.3 million with a loss per share of 2 cents for the quarter ended March 31, 2016 (1Q16) from a net loss of Rs. 50.9 million amid its subsidiaries have made profits, the interim results showed. 

People’s Bank Naulla branch relocates to high-tech premises

People’s Bank recently relocated its branch in Naulla to a new location. The new premises houses state-of-the-art banking facilities whilst offering comprehensive financial solutions, including loans and pawning. 

Amana Bank March quarter net up 66% to Rs.38 mn over strong core banking

Amana Bank PLC increased its net profits by 66 percent year-on-year (yoy) to Rs.38.2 million or 3 cents a share as the bank performed well on its core banking and other income businesses, but the margin slipped, the interim results showed. 

HNB launches Disaster Relief Fund to help flood victims

In a timely response to the emergency situation that has arisen in the country largely due to inundation

Join hands with EAP Sathkara to help out flood victims

Due to the prevailing disastrous weather conditions, over 400,000 people have been displaced across Sri Lanka 

Sri Lanka calls for bids for offshore petroleum surveys

Economynext: Sri Lanka’s Petroleum Resources Development Secretariat (PRDS) has called for Expressions

Tourism minister attends world conference on tourism

Minister of Tourism Development and Lands John Amaratunga attended the first world conference on Tourism 

Alumex March net up amid higher demand and lower raw material prices

Alumex PLC, the aluminium profiles manufacturer of Hayleys group, said its March (4Q16) quarter net 

India pays part of Iran oil dues ahead of Modi visit

REUTERS: Indian refiners have cleared part of the $6.4 billion owed to Iran for crude oil imports in euros through

Sri Lanka’s April motor car and SUV registrations up

Defying the toughened conditions created for vehicle imports, April saw motor car and Sports Utility Vehicle

Twenty three dead, 500,000 flee as Cyclone Roanu hits Bangladesh

AFP: Cyclone Roanu battered the coast of southern Bangladesh on Saturday, forcing half a million people

Cargills team reaches out to flood victims

Team Cargills came together to give a helping hand to flood victims, targeting some of the most affected areas

FinMin visits flood victims

Finance Minister Ravi Karunanayake on Saturday visited the Wellampitiya area in a Navy boat to assist the 

Seylan Bank opens heart to help those affected by disaster

Seylan Bank, ‘The Bank with a Heart’, is at the forefront of assisting people affected by the disaster. 

Business metrics and analytics: A key to support customer relations

As you begin the process of changing your business focus from products to customers and prepare to 

Trading halts and suspensions: What is your outlook?

An efficient and proactive stock market requires a fine blend of regulation and enforcement. The entire

Industrial Asphalts production ceased due to floods

Industrial Asphalts (Ceylon) (ASPH), a listed paints and bitumen producer said its production and commercial 

Kolonna garment factory distributes 800 mango plants to save environment

The Bernard Social Service Programme of the Bernard Boteju Garment Factory in Kolonna distributed 800 

BOC organises ‘Wesak Bakthi Geetha’ performance

Bank of Ceylon’s (BOC) Buddhist Association organised a ‘Wesak Bkthi Gee’ performance by the staff