Upali Hettiarachchi appointed as HDFC GM/CEO

Upali Hettiarachchi has been appointed as the General Manager (GM)/Chief Executive Officer (CEO) of Housing Development Finance Corporation Bank

BoI briefs non-resident ambassadors, defence attaches at Koggala Zone

The Board of Investment (BoI) recently organised a special programme for 57 non-resident heads of mission, defence advisors and defence attaches who were visiting Sri Lanka to attend the 68th Independence Day celebrations in Colombo.    

Seylan Bank’s personal loans in 48 hours

Seylan Bank, a frontrunner in providing convenient customer-focused products, has launched a fast-track programme for its personal loans due to the increased popularity and overwhelming response from  the recipients.

Senior leaders say big data, misaligned incentives and bureaucracy lead to bad decision making

Senior leaders are struggling to make the right decisions, with 72 percent of organisations admitting that at least one strategic initiative failing in 

Pan Asia Bank offers free medical insurance cover for ‘Suwasavi’ deposit holders

Sri Lanka’s fastest growing commercial bank – Pan Asia Banking Corporation PLC –relaunched its unique value-added fixed deposit product, ‘Suwasavi’, which comes with a free medical cover and a host of other benefits.  

‘Thapasya’ incense sticks to improve market fragrance

Tapasya Industries (Pvt) Ltd, one of Sri Lanka’s newest entrants into the incense product market under the umbrella of Gnanam Group of companies, recently launched ‘Thapasya’ incense sticks in a variety of exiting 

Triumph recognizes high achievers at Sales Conference

The global leader in alluring lingerie and leading trend setter in Sri Lanka, Triumph International rewarded and recognized its top performers at the annual sales conference recently. Transforming Galadari’s Main Ballroom into a carnival, in keeping with its reputation of bringing the latest trends, this year’s conference carried a Brazilian carnival theme.

US–China rivalry: Does Asia have to choose?

Can America preserve the US-led regional order by resisting China’s challenge to replace it with ‘a new model of 

MTI’s ‘idea2fund’ gets a boost from top corporates

Top corporates in Sri Lanka from diverse industries have joined hands with MTI Corporate Finance to sponsor ‘idea2fund’.   

DFCC BANK REWARDS WINNERS FROM DUBAI CONCERT RAFFLE DRAW

Lanka Money Transfer (LMT) recently sponsored Rhythm Night, a concert organized for the Sri Lankan migrants working in Dubai

A GLAMOROUS NIGHT AT THE FISHERY WITH MRS. WORLD 2014!

It was a night full of fun and frolic. The lovely and delicious seafood cuisine with the company of Rozanne Diasz, Vasana Dhanthanarayana and the contestants for Mrs. Sri Lanka made the occasion much exciting.

Leo Burnett successfully completes HumanKind workshop in Galle

Leo Burnett Solutions Inc., (LBSI) the local office of the global advertising network Leo Burnett Worldwide, recently completeda success fulregional Human Kind workshop 

ICTA in initial talks with Central Bank to introduce crypto-currencies

Sri Lanka’s ICT agency chief yesterday said it had held initial discussions with the Central Bank of Sri Lanka on including crypto-currencies into the country’s financial system. Information 

Ports Minister calls for open discussion to resolve maritime issues

Minister of Ports and Shipping Arjuna Ranatunga emphasized the need for an open discussion to resolve ports and maritime sector issues.

US $ 15bn tourism industry at risk sans master plan: research

Sri Lanka’s tourism industry, the only sweet spot in the economy with a potential of earning US $ 15 billion by 2018...

KLS Energy and CEB blame each other over halted solar hybrid plant in Jaffna

KLS Energy Lanka (Pvt) Ltd’s US$ 150 million wind/solar hybrid power plant in Jaffna has been cancelled as the company had not continued its investment in the project, a top government official said.

Rupee forwards steady; IMF concerns weigh

REUTERS: Sri Lankan rupee forwards traded steady yesterday as mild importer dollar demand offset selling of the greenback by banks

Rural folks embrace renewable energy

Sri Lanka expects to generate 100 percent renewable energy for local consumption by 2050. The picture shows a cadjan-thatched hut in Panama, Eastern Province, belonging to a fisherman, with a solar panel on the roof

Celebrity Chef Marco Pierre White acclaims Cinnamon Air

Cinnamon Air, Sri Lanka’s premier domestic airline,is glad to have had world-famous culinary legend Marco Pierre White on board during his visit to Sri Lanka organised by Cinnamon Hotels & Resorts in collaboration with the British High Commission and SriLankan Airlines.   

Litro Gas posts record growth in year 2015

The national LPG (liquid petroleum gas) company marks 2015 a record year posting gross profits of over Rs.6 billion with significant increases in volumes (22 percent) and market growth (acquiring a total 485,548 new connections).    

ICS (UK) breaks new ground in China

The Institute of Chartered Shipbrokers (ICS) UK said it has signed a Tripartite Co-operation Agreement with China’s Ministry of Transport and China (Shanghai) Pilot Free Trade Zone, to launch the International Shipping Professionalism Development Programme.   

Five major economic risks to watch for this year

Developing Asia is poised to grow at 6 percent this year, a slight uptick from the 5.8 percent figure in 2015, but looking ahead, five major economic risks loom on the horizon and the impact of each will be different across countries.  

European Union and FAO support marine finfish farming development in Sri Lanka

The Food and Agriculture Organization of the United Nations (FAO) in collaboration with the National Aquaculture Development Authority (NAQDA) is constructing a marine finfish hatchery in Tharmapuram, Batticaloa to fulfill the national objectives to promote marine finfish farming in the country.   

Migrant labour reforms: Tackling the Family Background Report

The factors driving migration are many; some migrate in search of better economic opportunities, whilst others are forced to migrate owing to conflicts, natural disasters, etc. In the case of Sri Lanka, temporary labour migration of workers in search of greater opportunities and a better life continues unabated, with over 300,000 leaving the country each year in search of employment abroad. Of these, nearly 40 percent are females, with the vast m

H-Connect awarded global industry excellence award

H-Connect Private Limited, a leading provider of global business process management (BPM) services, was awarded the Bronze prize at the 2015 Shared Services Excellence Award for ‘Best Team’ by the Shared Services and Outsourcing Network (SSON), presented at the 18th Annual Asian Shared Services and Outsourcing Week in Singapore. 

Mass transit essential for Colombo to succeed: UDA DG

The critical role earmarked for joined-up public transport in Colombo’s development and what can be done to boost lending for housing were two topical issues explored by the senior figures at the Urban Development Authority (UDA) in recent interviews they gave to the global research, publishing and consulting firm Oxford Business Group (OBG).  

Ewis launches OCTA Dual OS Tab

Sri Lanka’s largest information technology (IT) company – Ewis – launched the OCTA 9.7” (OCTA T970G), considered to be the perfect complement to any lifestyle, into the local market.  

Play your part to make the Internet safer

The global theme of the Safer Internet Day, which is celebrated on February 9, is ‘Play your part for a better Internet’. To kick off the day, Fortinet shares tips for responsible use of digital technology.  

Fixing Sri Lanka’s revenue problem is a priority

Taxes are the key source of government revenue. Normally, the tax share as a percentage of gross domestic product (GDP) is expected to increase as the per capita GDP rises. This Insight shows that in Sri Lanka, this is not the case; the country’s per capita GDP has been rising but the tax to GDP ratio has been falling.  Sri Lanka needs to improve its tax revenue to ensure that the government has enough money to spend towards welfare an

Mihin flies Tamil Nadu Chamber delegation to Sri Lanka

Mihin Lanka, Sri Lanka’s national low-cost carrier flew the Tamil Nadu Chamber of Commerce and Industries (TCCI) delegation from Madurai to Sri Lanka recently.