Softlogic Finance launches “Clean zone” in Colombo city office

Showcasing the importance of keeping the environment clean, Softlogic Finance took another step to show their responsibility towards the society by launching “Softlogic Finance Clean Zone” at the Colombo city office recently. 

MasterCard applauds apparel sector employee welfare initiatives

?MasterCard Country Manager for Sri Lanka and Maldives, R. B. Santosh Kumar recently met up with the Secretary General of the Joint Apparel Association Forum (JAAF), Tuli Cooray and discussed the Ransalu Pranama worker welfare program.

MillenniumIT conducts ‘Transformers’ programme for Moratuwa Uni undergrads

?MillenniumIT, the largest software product-engineering organisation in Sri Lanka, conducted a specially designed skill-enhancement programme for students at the University of Moratuwa. 

Laugfs ‘Sathkara’ visits elders’ home during Vesak

?Laugfs recently visited the Grace Perera Home for the Elders at Dehiwala in an initiative to share the caring spirit of the Vesak season with the elderly residents and children at the Home. 

Lessons for Digital Marketers from Formula 1 racing

?While connected consumers are busy completely redefining how they engage with brands, marketers’ response has been iterative - a tweak here or there, with the latest being an emphasis on creating an eye-catching customer experience. 

First CEO Communication forum in Sri Lanka to feature Dr. Dilip Abayasekara

?YKG Associates (YKG) announced a groundbreaking event in Sri Lanka’s corporate history: the first ever CEO Communication forum in the country. 

National Chamber seminar on “PAYE tax”

?The National Chamber of Commerce of Sri Lanka  will hold a half day Seminar on “PAYE Tax “- in English Medium  on Wednesday 27 May 2015  from 1.30 p.m to 5.00 p.m at  the National  Chamer  Auditorium,   450, D.R.Wijewardene Mw, Colombo 10.

Asanga at Global Dignity in Norway

?Crown Prince Haakon of Norway invited Asanga  Abeyagoonasekera, the Global Dignity Country Chair for Sri Lanka to participate in the 5th annual global dignity country chair summit in Oslo Norway from 10 -13th May.

Silk Road Entrepreneur Council talks

?The International Chambers of Commerce ICC met in Xi’an ,Shaanxi Province, China recently to discuss on a mechanism for the establishment of a Silk Road Entrepreneur Council.

ACCA awards Ceylon Tobacco with ‘Approved Employer Status’

?The Association of Chartered Certified Accountants (ACCA) recently awarded Ceylon Tobacco Company PLC (CTC) with the Approved Employer status for Professional Development. 

Big ideas for small business managers Secret of high profit potential - Deliver exactly what custome

?During the past four weeks, under the creation of a strategic business plan, we reviewed strategic direction, objectives and goals, growth strategies and business portfolio plan.

CA Sri Lanka, SLASSCOM educate chartered accountancy firms on FAO

?With Sri Lanka fast emerging as a global centre of excellence for Finance and Accounting Outsourcing (FAO), a large number of practicing chartered accountancy firms were recently educated by the Institute of Chartered Accountants...

ICTA helps fast track Sri Lanka’s entry to Budapest Cybercrime Convention

?The Foreign Affairs Ministry together with the ICT Agency of Sri Lanka (ICTA), has fast-tracked Sri Lanka’s entry into the Council of Europe (CoE) Cybercrime Convention, aka the Budapest Convention. 

Huawei and Singer felicitate high performers at inaugural Retail Partner Awards

?The leading smartphone brand Huawei and Singer Sri Lanka PLC, the country’s number one brand and smartphone marketer and the exclusive national distributor for Huawei, recognized its top retail partners in the country at a gala function held at Waters Edge recently.

Oracle and community celebrate 20 years of Java

?Oracle, users and the development community worldwide are celebrating 20 years of Java. Today, Java serves as the critical backbone of software that touches both our work and personal lives.

FITIS holds Tech-Forum 2015 on Big Data

?The Federation of Information Technology Industry, Sri Lanka (FITIS) successfully concluded Tech-Forum 2015 on Big Data recently at The Kingsbury in Colombo with the participation of more than100 CIOs, CTOs and ICT experts.

Fitch revises PABC’s outlook to negative; affirms at ‘BBB(lka)’

?Fitch Ratings Lanka has revised Sri Lanka-based Pan Asia Banking Corporation PLC’s (PABC) outlook to negative from stable. The agency has affirmed PABC’s National Long-Term Rating at ‘BBB(lka)’ and the rating on PABC’s outstanding subordinated debentures at ‘BBB-(lka)’.

CRIB celebrates silver jubilee

The Credit Information Bureau of Sri Lanka (CRIB) celebrated its 25th anniversary prestigiously by recognising and felicitating the people who played a significant role throughout the years. 

Asian Alliance Insurance posts Rs.250mn profit in 1Q

Reinforcing its status as one of the country’s fastest growing insurers, Asian Alliance Insurance PLC achieved a gross written premium (GWP) of Rs.867 million for life...

ComBank sponsors mega show for Lankans in Bahrain

?More than 750 Sri Lankans resident in Bahrain were treated to a multifaceted entertainment show sponsored by Commercial Bank recently as part of its efforts to promote its remittance services in that country. 

Sampath Bank empowers Year-5 scholarship students for seventh year

?Reiterating their commitment to the country’s future, Sampath Bank announced the launch of its annual “Pahe Sishyathwa” programme for the seventh consecutive year, with the commencing of the much anticipated “Pahe Sishyathwa” Seminar Series on May 23 in Matara. 

Commercial Credit Rs.1bn debenture issue snapped up

?Commercial Credit and Finance PLC’s issue of 10 million rated, subordinated, guaranteed, redeemable five-year debenture issue at a par value of Rs.100 was oversubscribed yesterday.  

Switzerland plans renewing existing trade agreements with Sri Lanka

?Switzerland says it is working towards upgrading the ‘Avoidance of Double Taxation Agreement’ and the ‘Bilateral Investment Treaty’, which the country has signed with Sri Lanka.

Keells Food Products sees FY15 profit surging to Rs.261 mn

?Keells Food Products PLC, the processed meat industry leader in the country, saw its profit surging exponentially for FY15 amid higher top line growth.

Highways Ministry to proceed with OCH 3; cuts cost by 30%

?The construction of the Phase 3 of the Outer Circular Highway (OCH 3) will go ahead as planned, sans future expansions which would save costs, according to a communiqué by the Ministry of Highways.

Finlays’ GSA arrangement with Cathay to end in December

?Finlays Colombo PLC said yesterday the General Sales Agent (GSA) arrangement it has with Hong Kong-based Cathay Pacific Airlines will come to an end with effect from December 31, 2015.

Tea exporter calls for Sri Lanka-Turkey FTA

?Sri Lanka should negotiate a Free Trade Agreement (FTA) with Turkey, according to a leading figure in Sri Lanka’s export industry. “Turkey is another of those Asian giants which sits on the middle. One side is Europe, other is Asia.

Hayleys profits surge undeterred by poor plantations’ show

?The diversified Hayleys PLC saw its final quarter (4Q15) net profit surging over 50 percent year-on-year (yoy) to Rs.887.2 million, supported by all business segments of the group except plantations.

Construction, reason behind false growth figures: Prof . Sally

Renowned Sri Lankan-born economist Professor Razeen Sally says Sri Lanka’s real growth would be much lower than 7 percent which has been forecasted by the Central Bank and other multilateral agencies.

Adopting a blue economy approach in Sri Lanka

?The development process known as ‘greening’ has been the foremost topic of discussion for years while ‘blue’ seems to be the new ‘colour’ entering the ongoing dialogue.