More than 50 companies in IPO pipeline: SEC Chief

As a result of the continuous awareness campaigns conducted on the benefits of listing on the Colombo Stock Exchange (CSE), there are now more than 50 companies in the pipeline seeking listings on the bourse, according to the capital market regulator.

HNB Assurance tops 100,000 Facebook fans

HNB Assurance recently topped 100,000 fans on its interactive & popular Facebook page, thus becoming the only Insurance company in Sri Lanka to reach t his milestone and becoming the most active and successful Sri Lankan Insurance company in the sphere of Social Media.

HNB Assurance tops 100,000 Facebook fans

HNB Assurance recently topped 100,000 fans on its interactive & popular Facebook page, thus becoming the only Insurance company in Sri Lanka to reach t his milestone and becoming the most active and successful Sri Lankan Insurance company in the sphere of Social Media.

Empowering girls in Sri Lanka through Connect to Learn: Ericsson partners with Mobitel and Open Univ

Ericsson and the National Mobile Service provider, Sri Lanka Telecom Mobitel today announced the signing of a memorandum of understanding (MoU) between Ericsson, Open University of Sri Lanka (OUSL) and Mobitel –to deliver Information and Communication Technology (ICT) training to teenage girls from farming communities in Sri Lanka

Could urbanization be the next growth driver in Sri Lanka?

Sri Lanka is one of the least urbanized countries in the world. Sri Lanka’s low level of urbanization appears to be an exception for a middle-income country. Possible reasons for low urbanization include historical factors such as development of good social infrastructure around the country, as well as......

Are you a wise investor?

Sri Lanka’s economy is growing steadily and recorded a gross domestic product (GDP) of 7.8 percent p.a. at the end of the second quarter this year. An improving external environment, higher investments and a recovery in domestic consumption, all indicate even better prospects for the country.........

Successful leadership begins with a clear and compelling vision

We have seen how successful leaders have mastered the art of self-leadership. They are authentic, reliable, fair and trustworthy and also compelling. Such leaders have also taken time to crystallize a personal vision of the future, which will become the foundation or cornerstone for a shared vision.

Shangri-La plans mega residential complex in Colombo

The Hong Kong-based luxury hotel developer, Shangri-La Hotels and Resorts is to invest on a residential apartment complex in Sri Lanka, and the land transfer towards it is expected to take place this week, according to the country’s Investment Promotion Minister.

TBWA Sri Lanka and PHD Sri Lanka in ‘BIG’ initiative for Elder’s Day

In most Asian countries, elders played a pivotal role in shaping our local communities. Sri Lanka was no exception, be it conducting rituals on special auspicious days or simply guiding and moulding the younger generation, elders were both revered and respected.

In partnership with Sampath Bank Department of Pension launches a Digital Identity Card for senior c

In keeping with the Government’s ICT policy, the Department of Pensions has launched a Digital Identity Card for Pensioners in partnership with Sampath Bank, a pioneer in technological innovations and one of the key stakeholders in the banking industry that uses state of the art digital technology in providing banking services to its customers.

Govt. to leverage economic progress to test people’s mandate

President Mahinda Rajapaksa has asked the ruling coalition ministers to prepare for a ‘national election’ which is to be announced shortly. According to Investment Promotion Minister Lakshman Yapa Abeywardena, they have not still been told if it would be a Presidential or a Parliamentary election

Fly Now, Pay Monthly - Installment payment plans for all travel bookings

Findmyfare.com, Sri Lanka’s most convenient online travel solution provider has partnered with the best bank chains in Sri Lanka, enabling customers to reserve online using their credit cards and pay in installments.

Amãna Bank Expands Extended Banking Hour network

Having introduced the convenience of Extended Banking hours last year for its customers at selected high traffic branches, Amãna Bank has expanded this service to an additional 5 branches.

PB asks pensioners to invest in capital market

The country’s Treasury Secretary yesterday asked the pensioners who live on interest received on fixed deposits to invest their money in the stock market as going...

How smartphones are ruining relationships and work ethics

It is no secret that our habits, whether at work or leisure, have been transformed overnight with the arrival of the smartphone.

99X Technology wins gold at 22nd NCE Awards

99X Technology was lauded for its notable contribution to the Sri Lankan economy through the export of high quality software product engineering services, when it cinched a Gold Award in the Export of Business and Professional Services Sector (large category) at the 22ndNational Chamber of Exporters of Sri Lanka's Export Awards for 2013.

August trade deficit widens 32% amid rising imports

The trade deficit widened for the second month in a row as the August trade deficit expanded by 32 percent to US $ 733.2 million,...

Are women reaping the fruits of their education?

Economic research and theory is quite clear on the ‘returns to education’: education is generally positively correlated with jobs and income levels.

Power of compelling leadership inspires exceptional performance

Barry Posner, in his best-selling book – ‘The Leadership Challenge’ – says that the qualities we want in a leader are essentially the same ones we want in a friend or co-worker or a partner, ‘except for one’. In leaders, we also need to see an additional dimension – we need to know their ‘vision’ if we are..........

Private credit growth falls to new low

Despite much optimism over the 2H14 private sector credit growth, the latest data shows that Sri Lanka’s banking sector credit to the private sector firms and the personal customers in July has dipped to a new low of 0.8 percent from a year ago.

Tea promotional cess finally at disposal

The much-awaited utilization of ‘tea promotional fund’ is expected to be put into its intended use before the end of this year, as 50 percent of the fund will be returned to the tea exporters to strengthen their existing promotional campaigns, according to the Plantation Industries Minister.

Int’l construction standards could help hub ambition - Rishad

“Sri Lanka’s construction sector claims only 7.3 percent of GDP. However, the sector is much more important than these numbers would indicate. There is a strong SME presence in this sub-sector,” said Industry and Commerce Minister Rishad Bathiudeen, addressing the inauguration event of........

All set for sri lanka’s second int’l capital market conference

The Colombo Stock Exchange (CSE) in collaboration with Securities and Exchange Commission of Sri Lanka (SEC) will host the country’s second international...

How inspiration and role models can be powerful sources in closing gender gap

We all have our favourite TV shows – from the law enforcement shows such as Police Woman of yesteryear to LA Law, Law & Order Special Victims Unit and...

Some MBAs are not worth the paper they’re printed on

A few days ago we interviewed seven candidates with MBAs for a senior leadership position.

NDB gets US $ 75mn credit line from Proparco and FMO

Proparco, a French development finance institution, has allocated a US $ 60 million credit line to National Development Bank PLC (NDB), with an additional US $ 15 million from its Dutch counterpart, FMO, under a joint facility to support the financing of projects in the...........

Low credit growth Uncertainty keeps borrowers at bay

Despite Central Bank’s (CB) push to cut lending rates, the broad uncertainty prevailing in the market over the ability to sustain low interest rates in the foreseeable future is seen keeping prospective borrowers at bay, leading to low demand for credit.

Ceylon Chamber hails CB’s credit growth boosting method

The Ceylon Chamber of Commerce (CCC), Sri Lanka’s premier business chamber, yesterday endorsed the recent monetary policy measures implemented...

Current world natural rubber position and future prospects

The most recent rubber Industry report of IRSG indicates that a negative growth of natural rubber (NR0 production in the face of steady rate of NR consumption...

Amazing 50% off for Seylan Credit Cardholders to fly to Singapore and Malaysia

Findmyfare.com, Sri Lanka’s first and largest online travel company has recently partnered with the prestigious Seylan Bank to reward credit/debit card customers with a custom made discount for their online bookings to both Malaysia and Singapore where Seylan Credit Cardholders would be able to enjoy a 50% off whilst Debit Cardholders can enjoy a 25% off. Enjoy this offer until 5th October 2014 which enables our customers to travel by or be