UB Finance sponsors the Management Club

UB Finance Company Limited (UBF) became the most recent sponsor to support the activities of the Management Club (TMC). On 28th October 2015 a MOU was signed by the  President of the Board of Management of the Management Club...

The strategic value of APIs in business

The world of technology is interconnected. The industry no longer revolves around tech giants existing in their own discrete areas of expertise. 

World Bank funds govt.’s US $ 165mn water supply and sanitation improvement project

The International Development Association of the World Bank is funding a US $ 165 million water supply and sanitation improvement project in Mullaitivu, Kilinochchi, Nuwara Eliya, Badulla, Kegalle, Moneragala and Ratnapura Districts. 

Fonterra Brands Sri Lanka collects record milk volumes from Sri Lankan dairy farmers

?Fonterra Brands Sri Lanka continues to grow its local milk supply, achieving record collection in September with a 48 per cent increase on the same period last year. 

Pakistani Commerce Minister in town with biz delegation

The Pakistani business delegation, accompanied by the visiting Pakistani Commerce Minister Khurram Dastgir Khan, is looking forward to meeting the local counterparts at Sri Lanka’s Export Development Board (EDB) auditorium. 

Ceylon Chamber facilitates Kiwi biz delegation

The Ceylon Chamber of Commerce (CCC) facilitated business meetings for the visiting members of a delegation from New Zealand Trade and Enterprise (NZTE).

Pizza Hut Union Place reopens with whole new look

Pizza Hut’s flagship restaurant at Union Place has been refurbished to bring an all new dining experience. The newly revamped restaurant has reopened its doors to bring customers the well loved flavours that Pizza Hut is known...

Harsha meets Bangladesh High Commissioner

Foreign Affairs Deputy Minister Dr. Harsha de Silva met Bangladesh High Commissioner in Colombo Tarik Ahsan at the Foreign Affairs Ministry yesterday and discussed on further strengthening political,....

President invites SLEA to join with govt. in policy making

?Noting that Sri Lanka had the capability and the knowledge, President Maithripala Sirisena urged the Sri Lanka Economic Association to actively participate and build a close relationship with the government for policy development. 

Access Engineering completes construction of Kandana Water Treatment Plant Extension

?The extension work of Kandana Water Treatment Plant at Kandana, Horana was completed recently providing the southern areas of Greater Colombo, an improved potable water supply service that is able to meet the expected demand in the years to come. 

Sri Lanka low interest bubble seen bursting

Sri Lanka’s low interest bubble appears to have begun bursting with the country’s commercial banks seen steadily increasing their interest rates on fixed deposits (FDs). 

Smart cities need smart decisions

?Sri Lanka today is on the verge of a major economic transformation, but how it manages its resources and policies will determine if it will turn out to be an economic boom or bust. 

Access Engineering 2Q net profit up 6.8% to Rs.683.7mn

Diversified Access Engineering PLC saw its net profit for the September quarter (2Q16) improving 6.8 percent year-on-year (YoY) to Rs.683.7 million, the interim financial accounts released to the Colombo Stock Exchange showed. 

Lanka IOC gets new Chairman

?Balwinder Singh Cath, Director Marketing of the oil major Indian Oil Corporation Limited, has been appointed as the Chairman of Lanka IOC PLC (LIOC) with effect from November 2, 2015, replacing Indrajit Bose.

Tea industry could overcome crisis through sustainable agri-business management

?“Every cup of tea you drink should help better the lives of the people who produce it, improve the environment where it is grown, and contribute to a thriving global industry.”- A Hero Crop for 2030.

Thursday’s Ease of Doing Business Forum postponed

As the funeral of Ven. Maduluwawe Sobitha Thera is scheduled to be held on November 12 with state honours, the Finance Ministry yesterday said the scheduled meeting of the ‘Ease of Doing Business Forum’ will not be held on that day. 

Dunamis Capital to raise Rs.1bn via debentures

Dunamis Capital PLC, a Schaffter family company with interests in financial services, property development and manufacturing, said it was raising Rs.1 billion through a listed debenture issue.

Emirates Group shows strong half-year business growth

?The Emirates Group has announced its half-year results for 2015-16, showing continued business growth and a strong performance.

Turkish Airlines inaugurates Durban flights

?Already having the world’s 4th largest flight network and flying to 279 destinations in 110 countries, Turkish Airlines continues to grow by adding a new flight destination. With  Durban  (South Africa) flights, its destinations in Africa have been increased to 46.

PickMe – Not just an app

PickMe is a GPS and GIS based software that provides solutions to most of the pressing problems in the local taxi industry while maintaining a special focus on empowering the lives of the local taxi drivers.

ICTA supports INFOTEL 2015 as national partner

Information and Communication Technology Agency of Sri Lanka (ICTA) has come forward as the National Partner of Sri Lanka’s flagship ICT Expo INFOTEL-2015. 

Creative Solutions brings another global software leader to Sri Lanka

Creative Solutions signed an agreement with digital marketing leader, Cxense recently. The Norwegian-based company provides digital marketing software solutions to global media companies, e-commerce sites and consumer brands. 

Finetech launches easy-to-use workflow management solution

?Finetech, Google’s local enterprise provider, has launched an easy-to-use workflow management solution that collaborates with Google documents. 

Mihin Lanka makes inaugural flight to Muscat

?Mihin Lanka recently celebrated its inaugural flight from Colombo, Sri Lanka to Muscat, Oman. The new route will support the airline’s efforts to provide greater connectivity throughout the region.

Informatics to spearhead cloud transformation with Oracle

Informatics Group has reinforced their leadership in the ICT industry of being a key partner of Sri Lankan Enterprises to spearheadthe Cloud transformation in Sri Lanka with Oracle. 

Virtusa-Polaris deal to bring more business for Lankan operations

Virtusa Corporation’s (Virtusa) acquisition of India’s largest banking and financial services (BFS) sector IT solutions provider, Polaris Consulting Services Limited (Polaris) is expected to bring in much larger IT outsourcing engagements in its existing and new markets...

Over 100 affiliates awarded at ACCA prize winners ceremony

The Association of Chartered Certified Accountants (ACCA), which is the global body for professional accountants, recently held its prizewinners and affiliates awards ceremony at the Cinnamon Grand Colombo...

CA Sri Lanka honours James Selvanathan Mather with Lifetime Achievement Award

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) paid tribute to eminent Chartered Accountant, James Selvanathan Mather by honouring him with the Lifetime Achievement Award for 2015...

Cash-strapped frontier economies rush to bond markets in tight window

REUTERS: Dollar bond sales by smaller, junk-rated emerging countries have sprung back to life in October following a three-month hiatus as governments rush to raise much-needed cash before U.S. interest rates start rising.

ICCSL calls for new economic policies to boost economy, FDIs

The Chairman of the International Chamber of Commerce Sri Lanka (ICCSL) Keerthi Gunawardane said it was high time for the introduction of new economic policies to boost the country’s economy and lure foreign investments.