Who are momentrepreneurs and what do they bring to the table?

?In the old order of things, one commenced a career upon completion of higher education and relevant qualification. Not so in the new order. While qualifications and experience will indeed carry you far in your chosen career, the same may not apply for every profession and every field.

Power Solutions and Portugal’s Grupel sign MoU for Gensets

?Power Solution South Asia (Pvt.) Ltd and Grupel of Portugal recently signed a Memorandum of Understanding (MoU), where Grupel appointed Power Solutions South Asia (Pvt.) Ltd as the authorized dealer for its generator brand Grupel. 

Papyrus-Arjowiggins show how fine papers build brand image

?The importance of fine paper as a definition of luxury even in the age of digital communication was the theme of a recent seminar in Colombo by Arjowiggins Creative Papers, the owner of the global heritage paper brand Conqueror.

CA Sri Lanka-Inland Revenue to strengthen relationship further under new Commissioner General

?Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) President Arjuna Herath recently underscored the importance of a more proactive role between CA Sri Lanka and the Department of Inland Revenue...

Eat Right introduces more healthy options to Lifestyle Menu

?Colombo’s fastest growing health food delivery, Eat Right recently added brand-new healthy meal options for breakfast, lunch and dinner on its Lifestyle Menu, in order to cater to a discerning clientele. 

CA Sri Lanka offers exemptions for AAT members following BSc. Degree in Applied Accounting

?The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has consistently demonstrated exceptional standing as a leading tertiary education provider in the country,

SLIM NASCO 2015 to look for ‘best of the best’

Sri Lanka Institute of Marketing (SLIM), the national body of marketing, welcomes organisations to nominate outstanding individuals of the sales sector of their respective companies for the National

Internationally-acclaimed innovator to deliver CIMA Business Leaders’ Summit keynote

?Innovation Institute of America CEO and President Alexander Blass will deliver the keynote presentation at the CIMA Business Leaders’ Summit themed ‘Future Defined’ on June 16 and 17. 

Inland Revenue-PIM sign MoU for special MBA in taxation

?Plans are underway to conduct the Master of Business Administration (MBA) degree programme in taxation by the Postgraduate Institute of Management (PIM), another pioneering venture from the pioneer in postgraduate management education. 

CLA conducts workshop on emotional intelligence

?In an effort to provide better understanding and proactive growth in the business and human resources field, the Colombo Leadership Academy (CLA) recently presented a series of Business Strategy workshops with renowned emotional intelligence guru Archana Law. 

HNB Assurance March quarter net falls; GWP up by healthy 20%

?The net profit of the Hatton National Bank Group Insurance subsidiary, HNB Assurance PLC fell 71 percent to Rs.15.5 million for the quarter ended March 31, 2015 (1Q15) from a year ago. 

HNB offers convenient transactions for Continental Insurance customers

?Continental Insurance Lanka Ltd (CILL) customers can now use Hatton National Bank’s (HNB) internet and mobile banking platform and island wide Customer Centre network to carry out transactions for property, motor, marine and general accident insurance products of CILL.

Orient Finance and Bartleet Finance await SEC approval for amalgamation

?Orient Finance PLC and Bartleet Finance PLC said yesterday that they were awaiting Securities and Exchange Commission (SEC) approval to carry out the proposed amalgamation of the two entities.

Fitch affirms Sanasa Bank at ‘BB+(lka)’/Stable

?Fitch Ratings Lanka has affirmed Sanasa Development Bank PLC’s (SDB) National Long-Term Rating at ‘BB+(lka)’. The Outlook is Stable.

Fitch withdraws Pradeshiya Sanwardhana Bank’s rating

?Fitch Ratings Lanka has withdrawn Sri Lanka-based Pradeshiya Sanwardhana Bank’s (PSB) National Long-Term Rating of ‘BBB+(lka)’ with Stable Outlook. Fitch said it was withdrawing the rating as PSB has chosen to stop participating in the rating process. 

ComBank leads providing social inclusion with Digital Banking

?The Commercial Bank of Ceylon PLC has witnessed phenomenal growth in the use of the Bank’s Digital Banking services over the past three years, and now has arguably the largest proportion of customers using this channel among Sri Lankan banks. 

CFW Designer Pod at ODEL Alexandra Place features a unique retail experience that showcases eleven S

Colombo Fashion Week (CFW) provides an innovative retail  platform for Sri Lankan designers with CFW Designer Nights, an opportunity for designers to engage with buyers, and showcase and sell their latest collections at the CFW Designer Pod on 22 May 2015 at ODEL Alexandra Place, Colombo 7.  “One of CFW’s key focus areas in 2015 has been fashion retail and this initiative with ODEL fits in really well with our thinking. The

Power Solutions South Asia Pvt. Ltd signs MOU with Grupel, Portugal for GenSets

Power Solution South Asia Pvt. Ltd and Grupel of Portugal recently signed a Memorandum of Understanding (MOU), where Grupel appointed Power Solutions South Asia Pvt. Ltd as the authorized dealer for their generator brand GRUPEL. This was signed in Portugal by Mr. Janaka Nandakumara, Managing Director, Power Solution South Asia Pvt. Ltd and Mr. Marco Santos of Grupel, Portugal. Under this agreement, Power Solution South Asia Pvt. Ltd becomes the l

Blue Mountain creates history for Sri Lanka and receives global recognition at the Asia Pacific Prop

Leading real estate giant, the Blue Mountain Group, recently received global recognition and made history for Sri Lanka at the prestigious Asia Pacific Property Awards Summit (APPAS) which took place in Kuala Lumpur, Malaysia. Blue Mountain was awarded the highly coveted 5-Star Award in the ‘Property Consultancy Marketing’ category for its innovative take on the concept of gated community living. At the event, Blue Mountain was also t

State bank’s role highlighted in bond controversy report

The role played by the state-banking giant Bank of Ceylon (BoC) has been highlighted in the report of the three-member committee appointed by Prime Minister Ranil Wickremesinghe to probe into the recent 30-year bond scandal. 

Tushara appointed Director External Relations and Surveillance at SEC

?Securities and Exchange Commission (SEC) official Tushara Jayaratne has been designated as Director External Relations and Surveillance.

DFCC Vardhana Bank PLC announces impressive financial performance for the first quarter of 2015

DFCC Vardhana Bank PLC (DVB) recorded an impressive profit after tax of Rs.336.30 million for the first quarter of the financial year of 2015,a 506.46% increase over the same period of the previous year. The bank’s net interest income was recorded at Rs. 977 million, a 38.27% growth over the first quarter of the previous year. The bank’s total operating income was Rs. 1.38 billion, a 43.54% increase over the first quarter of 2014.&nbs

Lafarge chief gets 2.5mn euro merger bonus as cement company cuts jobs

?AFP: Lafarge Chief Executive Bruno Lafont has been awarded a 2.5 million euro (US $ 2.8 million) bonus for the successful merger with Swiss rival Holcim as the cement company announced job cuts.

DFCC gets CSE nod to list debt securities

DFCC Vardhana Bank is raising Rs.5 billion by way of a debenture issue and has received the preliminary approval to list the debt securities in the Colombo Stock Exchange (CSE). 

CB allows rupee to fall for 2nd session

?REUTERS: Sri Lanka’s Central Bank allowed the rupee to fall by 0.15 percent yesterday by guiding a daily trading band lower for the second straight session, the fifth downward adjustment since April 30, a move dealers said reflected lower domestic interest rates and a broadly strong dollar.

NDB to go ahead with debenture issue

National Development Bank PLC (NDB) yesterday said it was pursuing the debenture issue announced this February. The bank has upsized the issue by Rs.2.5 billion to Rs.10 billion, subject to regulatory approvals.

Huawei unveils Honor range

From left: Huawei Device Sri Lanka Country Head Henry Liu, Singer Sri Lanka PLC Group CEO Asoka Pieris, Huawei Sri Lanka CEO Daniel Sun and Huawei Singer Sri Lanka PLC Brand Manager...

Sri Lankan student wins award at Intel ISEF

?K. A. S. Subodha Sewwandi, 17, of Bomiriya Central College Kaduwela has won a prestigious award at this year’s Intel International Science and Engineering Fair(Intel ISEF), a program of Society for Science and the Public.

Sri Lankan developed mobile payment platform to transform Singapore market

?Singapore’s digital payment landscape is on the verge of a revolution with the launch of Kashmi (pronounced Cash-Me) – a mobile peer-to-peer payment platform developed by a team of Sri Lankans. 

Workplaces of tomorrow are about progressive technology of mobility: Etisalat Lanka CEO

?Etisalat Lanka recently hosted a forum for their valued enterprise customers highlighting the theme of “Future Enterprise Business with Total Mobility”.