Sampath Bank links ATM network to UnionPay International

Sampath Bank, one of the largest private commercial banks in Sri Lanka, recognized for its invaluable and numerous services in banking announced its partnership with UnionPay, one of the largest card networks in the world. 

Ceylinco Life begins work on new eco-friendly branch office for Panadura

Ceylinco Life has commenced construction of another key branch building to a new eco-friendly model adopted by the life insurance leader as part of its commitment to Green its operations.

Sri Lanka’s gem industry eyes recovery

A US $ 1 billion revenue target is spearheading Sri Lanka’s efforts to solidify its place as a key source market for gemstones and jewellery, although flat global sales of luxury goods, coupled with labour shortages, risk hindering the country’s efforts.

Challenges for affordable housing in Colombo

Sri Lanka’s gross domestic product (GDP) is likely to grow a further 7.0 percent by end-2016. Interestingly, the services sector contributes the lion’s share, 61 percent, to GDP. 

Going digital: Are we there yet?

From small-time retailers to top-notch businesses, today everyone is trying to climb on board the digitisation train that will allow entities to expand their target audience and reach greater heights.

Samsung SL signs MoA with Ministry of Skills Development and Vocational Training to set up Samsung T

Samsung Electronics in Sri Lanka has signed a Memorandum of Association (MoA) with the Ministry of Skills Development and Vocational Training, to set up a state-of-the-art Samsung Technical Lab.

Motivation seminar – Discover the winner in you

A motivational Seminar will be conducted by entrepreneur; youth leadership speaker and personality development coach Farill Farook   on 13th November 2015 at Royal College Skills center Auditorium.

The Pegasus Reef Hotel introduces its sea food restaurant “The Fishery”

?Pegasus Reef Beach hotel, Hendala Wattala one of Sri Lanka’s first five start hotels in the country located near the beach, overlooking the Colombo Harbour, launched its latest  sea food dining experience ‘The Fishery’ on the 17th of October 2015.

Sanga and Mahela's "Live Events" launched (Video)

?Offers Sri Lankan corporates the opportunity to partner with a game-changing destination and events promotion company, which will first and foremost highlight Sri Lanka on the international stage

ESOFT students bag three world prizes at BCS graduation

ESOFT students dominated this year’s British Computer Society (BCS-Chartered Institute for IT) Annual Graduation Ceremony yet again with M.A.F. Amana, Thanthinge...

Mobitel revamps Kurunegala Customer Care Centre

The National Mobile Service Provider Mobitel in its endeavor to offer state-of-the-art technology to its customers across the island recently revamped its Customer Care Centre in Kurunegala. 

MI-Synergy clinches two awards at NBQSA 2015

M I-Synergy Private Limited (miSyn) won a Bronze award for Motor Claims Management Systems (MCMS) and a merit award for Training Management System...

Huawei smartphone shipments in 3Q15 up 63%

Huawei Consumer Business Group (BG) announced its performance results for the third quarter of 2015, reporting steady growth in smartphone shipments.  Mid-to-high-end devices accounted for 33 percent of those shipments – up seven-percentage-points over the previous quarter. 

Hirdaramani’s H ONE wins Microsoft’s Cloud Partner award

Hirdaramani’s IT consulting arm, H ONE recently made history by winning the ‘Microsoft Office 365 Enterprise Partner of the Year’ award for the third consecutive year, at the annual Partner Awards Conference. 

Experience adidas football revolution in Sri Lanka

The world renowned sports band adidas recently launched its latest football boots promotion at selected outlets across Sri Lanka. Now when you spend over Rs. 7000 on the new Ace,...

Atom Technologies appointed sole agent for Swiss hair care brand 

World-renowned Swiss hair care specialist brand Valera is now available in Sri Lanka through Atom Technologies, the sole agent for Valera hair care appliances. 

amanté expands to Pakistan

In its quest to becoming the leading lingerie brand in South Asia, amanté has signed up with SFnZ & Co to franchise the brand in Pakistan with the launch of its first exclusive amanté boutique in 2016. 

Abans-SilverNeedle project contract awarded to Sanken

A US $ 100 million contract has been awarded to Sanken Construction (Pvt.) Ltd for the much-anticipated construction of the Colombo City Centre, a joint venture project between the Abans group and SilverNeedle Hospitality of Singapore. 

Mackwoods seals deal to sell electricity from Tudugala mini hydro plant

Mackwoods Energy has been successful in sealing the deal to sell electricity from its Tudugala plant, but the implementation of its other mini hydro projects is being further delayed due to red tape in a number of processes.

Singer Sri Lanka partners Logos floating book fair

Singer Sri Lanka demonstrated its continuous commitment to supporting the education sector by coming forward as the Chief Sponsor of the Logos Hope floating book fair. 

Int’l Fiscal Association’s taxation seminar on Wednesday

The International Fiscal Association (Sri Lanka Branch) will hold a seminar on taxation at Hotel Ramada on Wednesday, November 4, 2015 from 8:45 a.m. to 1:15 p.m.

Quantum fitness opens new branch in Bambalapitiya

Quantum Fitness opened its new branch at Bambalapitiya recently.

Marmite embarks on gastronomic adventure with ‘Noodle-Mite’

Hot on the heels of its recent launch of Chocolate-Mite, Unilever Sri Lanka takes the gastronomic adventure to another level with the launch of yet another innovation – Noodle-Mite.

TVS Apache Riders excel at Walawa Supercross 2015

?TVS Apache Riders unleashed a thrilling stunt performance at the recently concluded Walawa Supercross 2015. 

UK’s Jubilee Debt Campaign says Sri Lanka in debt trap

A coalition of national organizations and local groups around the United Kingdom (UK) who call for the cancellation of unjust and unpayable debts of the poorest countries

Months of deflation ends; October consumer prices pick up 1.7%

Ending a three-month streak of falling prices, Sri Lanka’s general prices picked up by 1.7 percent in October 2015 from a year ago as a result of the increased food prices, the Census and Statistics Department data showed. 

ICTA gathers steam to push national digitisation agenda

Sri Lanka’s Information and Communication Technology Agency (ICTA) recently gave fresh assurance that the necessary infrastructure would be in place within reasonable timelines,...

Norway’s Central Bank invests in Sri Lankan equities

The Central Bank of Norway (Norges Bank) which operates the largest sovereign wealth fund in the world, has begun investing in equities in the Colombo Stock Exchange.

Central Bank finally issues directive on 90% LTV; but only till November 30

After much reluctance, the Central Bank last week issued a directive on the revised vehicle Loan-to-Value (LTV) ratio soon after the Finance Ministry released a formal statement on increasing the LTV up to 90 percent from the earlier 70 percent. 

Reforms key to Sri Lanka becoming major export destination: President

The country’s economy will require major reforms to strengthen local industries and enter export markets, President Maithripala Sirisena said at the Sri Lanka Economic Association Annual Sessions last week.