Axienta unveils Big Data solutions to Sri Lankan market

The use of Big Data is becoming a vital strategy to gain competitive advantage. Data driven strategies lead to more realtime and effective decision making. Axienta is delighted to launch its Big Data solutions

Govt. should be cautious when opening door to Indian IT professionals: CSSL

Sounding a note of caution, the Computer Society of Sri Lanka (CSSL), said the government should discuss with all local industry 

EPSI Technology partners with MyDeal.lk and MyStore.lk to resell online

EPSI Technology (Pvt) Ltd. recently partnered with e-Commerce platforms, MyDeal.lk and MyStore.lk, to resell an array of IT products. Through this partnership, MyDeal.lk and MyStore.lk will offer its customers a range of tablets

President honours SLIIT’s class of 2016

The ceremonial start to Sri Lanka Institute of Information Technology (SLIIT)’s convocation 2016, held at their picturesque Malabe campus, was graced by His Excellency President Maithripala Sirisena,

Microsoft VP visits Sri Lanka

Following Prime Minister Ranil Wickremesinghe’s meeting with President of Microsoft International Jean Philippe Courtois in Davos earlier this year, Vice President of Microsoft Asia Pacific, Istvan Papp, recently

Singer achieves “named account status” with Microsoft

Singer Sri Lanka, achieved the namedaccount status with Microsoft at a special occasion earlier this week. The event was graced by István Papp – Vice President Microsoft Asia Pacific, Brian Kealey- Country Manage

NTB December quarter net up 21%

John Keells Holdings PLC banking sector arm, Nations Trust Bank PLC (NTB), posted a post-tax profit of Rs.675.3 million for the quarter ended December 31, 2015 (4Q15) increasing 21 percent from the same quarter last year

Sanasa FY15 net profit up 15%

Licensed commercial bank, Sanasa Development Bank PLC (SDB), saw its December quarter net profits falling by 21 percent to Rs.149 million over the corresponding period last year due to a significant increase in operating expenses

Sri Lanka steps into inclusive cashless payment eco-system with PAYable

A revolutionary new model in cashless mobile payments is set to create a small and medium enterprise (SME)-led transformation in the Sri Lankan economy with the launch of PAYable, a free Bluetooth 

ComBank presents hampers to 300 remittance customers

Commercial Bank has rewarded 300 customers with hampers worth Rs.5,000 each following the conclusion

CIMA organises interactive seminar on RAMIS

The Chartered Institute of Management Accountants (CIMA) organised a seminar on Revenue Administration Management Information System (RAMIS) - the revolutionary change introduced by the Inland Revenue Department.

Janashakthi reports Rs.1.02bn PBT for FY15

Janashakthi Insurance PLC (Janashakthi) reported a consolidated gross written premium (GWP) of Rs.10.664 billion for the year ended December 31, 2015, a growth of approximately 19 percent over the same period in 2014

Our foreign policy shouldn’t endanger India’s national security: Eran

Sri Lanka cannot endanger the national security of India when creating foreign policies, while opportunities exist to piggyback on the growth of the Northern neighbour, Public Enterprise Development

Apparel machinery exhibition in June

The Apparel Industry Suppliers Exhibition (AISEX) is an exhibition which aims to bring all suppliers and service organisations under one roof. The exhibition will focus on a wide range of textile machinery

NPC must adopt a preferential procurement policy framework to cover public procurements

Dear Mr. President, You have clearly articulated on many occasions that public procurements made by the government 

First round of MTI’s ‘idea2fund’ closes today

The first round of applications for MTI’s idea2fund will close today. “The initial response has been very encouraging.

NCE conducts seminar between Northern member exporters and producers

The National Chamber of Exporters (NCE) of Sri Lanka has been regularly participating in the Jaffna International Trade Fair (JITF) during the last two years to fulfil its objective of bringing economic prosperity to the people

SLSBC and Singapore (Sri Lanka) Club hold networking event

A joint Networking Evening was organised by the Sri Lanka – Singapore Business Council (SLSBC) of the Ceylon Chamber of Commerce and Singapore (Sri Lanka) Club recently. The event was organised with the objective

eMarketingEye celebrates 9th anniversary

eMarketingEye recently celebrated its 9th year of success in the digital marketing industry.  Specializing in the online marketing for the travel and hospitality sector, eMarketingEye has established itself as the sought after Digital Marketing Agency by Hotels and Travel/Tour operators.

Hapag-Lloyd Lanka clinches ‘Best Customer Service Award’ at ICS Awards

Hapag-Lloyd Lanka (Pvt) Ltd, a subsidiary of Aitken Spence PLC and the local representation of German operator Hapag-Lloyd Kreuzfahrten was awarded the “Best Customer Service” laurel for the Europe sector at the recently concluded awards ceremony organized by the Institute of Chartered Shipbrokers – UK (Sri Lanka branch). 

hSenid brings together 12 most valued partners from India for Partner Conference

hSenid hosted a Partner Conference in Sri Lanka recently. This was a gathering of all the Indian channel partners out of the strong and vast partner network, operating from multiple regions- APAC, Africa, Middle East and, South and East Asia. 

Grant Group Chairperson Neela Marikkar wins Women Leadership Award

World Women Leadership Congress (WWLC) has chosen to honour Grant Group’s Chairperson Neela Marikkar with the ‘Outstanding Women Leadership Achievement Award’ for her outstanding contribution as a woman leader in the global corporate world. 

EPF may trim stock investments to honour budgetary commitments

State-controlled private sector pension fund, the Employee’s Provident Fund may shed (EPF) some of its investments in the stock market and other securities in order to honour budgetary commitments, the Central Bank Governor said.

Is your CRM policy built for humans... or for robots?

  Marketing professionals have always recognized the importance of customer information. In even the earliest computer systems, data entry operators keyed in data that identified the details of each sales transaction - which customers bought how many of which products. The availability of this detailed data enabled the preparation of sales analysis reports such as sales by customer, sales by product and sales by salesperson, etc. When com

Vehicle LTV restrictions, a blow on inclusive development: economist

Though higher down payments have already started to yield the policy expectation of slowing down vehicle imports, an economist cautioned such restrictions could become a blow on inclusive development, which the government wants to promote.  This is because the poor, who could then afford a small vehicle, which gave them economic opportunities through improved mobility, are now deprived of access to mobility due to the higher Loan-To-Value (L

Dialog wins Global Award at Mobile World Congress

Sri Lanka’s, Dialog Axiata PLC, claimed top honours once again at the Mobile World Congress held in Barcelona Spain this week, winning the award for the Best Mobile Network Solution for  Serving Customers. 

Higher consumer spending boosts Singer 4Q net 50%

Leading consumer durables retailer, Singer Sri Lanka PLC group increased its December quarter net profits 51 percent year-on-year (yoy) to Rs.385 million, supported by higher consumer spending seen throughout last year, the group interim results showed.  

CB contemplating new rules on banks to boost rural sector

The Central Bank of Sri Lanka is thinking of importing a controversial piece of American legislation to regulate the operations of the banking sector to fund the country’s sluggish rural sector.  “I can reveal to you that we’re studying a system in the United States, called the Community Reinvestment Act, where the US banks are mandated to reinvest 35 percent of deposits in any region back in that same region,” Centra

Singapore’s Keppel divests interest in Lankan condominium project

Singaporean real estate giant Keppel Land divested its stake in ‘The Belvedere’ condominium project in Kotahena coming under Keppel CT Developments Pvt Ltd for Rs.550 million, last week. Singapore-based Straits Times, quoting the company said, the move was in line with its focus to strengthen its presence in its core markets, and recycling assets for higher returns.

JIT marks two decades of success; wins Asia’s Best Employer Award

Surviving and thriving two decades in the information technology (IT) sphere is no mean feat and that is exactly what the Just In Time Group (JIT) can boast of.