CB says yet to see results from ETI revival programme

The Central Bank is yet to see whether the measures taken through its six-month programme to increase the liquidity in the troubled ETI Group  are successful.

Seylan Bank records strong gains for December, full year

Seylan Bank PLC reported group earnings of Rs.4.10 per share or Rs.1.45 billion for the December quarter (4Q17), compared to Rs.3.37 a share or Rs.1.2 billion in the same quarter of the previous year, the interim financial accounts released by the bank showed. 

Political stability – The need of the hour

Everything is inter-connected in this globalized world, as nothing can prevail in isolation, be it economic or political. What the public expects from a democratically-elected government is to create a conducive business environment, more employment opportunities and building public infrastructure, resulting in a better living standard. 

Lessons for govt. from recent LG elections

The impact of the local government elections on the political system has been unbelievable and decisive. According to newspapers, President Maithripala Sirisena has asked Prime Minister Ranil Wickremesinghe to step down after the local elections debacle. However, a majority in the United National Party (UNP) wants Wickremesinghe to continue and is supportive of his leadership. 

Is Singapore Sri Lanka’s door to East Asia?

In a bid to strengthen economic relations, Sri Lanka and Singapore signed a bilateral free trade agreement (FTA) on January 23, 2018. In spite of the two islands’ decades of warm diplomatic relations, Singapore comprised only 1.1 percent of Sri Lanka’s exports and 5.3 percent of imports in 2016.

Fashion Bug bags Gold for Best Key Account Partner from Triumph

Fashion Bug, one of Sri Lanka’s leading retail clothing stores bagged the Gold award for ‘Best Key Account Partner’ at the recent Annual Sales Conference of Triumph International held on February 15th at the Grand Ballroom of Hilton Hotel, Colombo.

Cargills Bank fortifies remittance services partnering TransferTo

Cargills Bank has partnered with TransferTo, a leading cross-border mobile payments network for emerging markets, enhance and strengthen its remittance services offered by the bank. 

Chandana Builders triumphs with prestigious Shramabhimanai award

Recognised in Sri Lanka for its continued excellent workmanship and maintaining high standards in the construction industry, Chandana Builders was the proud recipient of the Shramabhimanai award recently.

Reunion Party of ex-Confifi Group Hotels in March

Seemingly the largest ex-hotel chain get together – The reunion party of Confifi Group Hotels will be held on March 17th 2018 from 7:00p.m. onwards at Raffles Residence, Pita Kotte.

NDB joins United Motors to promote special leasing package

NDB Leasing recently entered into an agreement with United Motors Lanka PLC to jointly promote a special leasing package exclusively for Fuso lorry cab and chassis, tippers, and Rosa buses. 

SDB bank opens 92nd branch in Galewela

SDB bank (SANASA Development Bank PLC) opened its new branch in Galewela recently. SDB Galewela branch was opened at 181,Dambulla Road, Galewela with the objective of providing an efficient and friendly service to Galewela customers with sophisticated facilities. 

JAT Holdings reigns supreme in accolade filled 2017

JAT Holdings (Pvt.) Ltd, successfully concluded an accolade filled 2017 including Managing Director Aelian Gunawardene winning the prestigious Platinum award at the 22nd Sri Lankan Entrepreneur of the Year 2017.

Turret opens at World Trade Center, downtown Colombo

Turret is today a designer store catering to the high-end customer for luxury watches, writing instruments and leather accessories.

Senani Products’ Jenika Senani wins big at SLCSMI Industrial Excellence Awards

Senani Products, Sri Lanka’s leader of Goraka cream was recently recognised by Sri Lanka Chamber of Small and Medium Industries (SLCSMI) as the winner of the Woman Entrepreneur award for ‘National Excellence’.

Thailand Week trade fair from March 9-11

Thailand Week, trade fair and business opportunity with Thailand is happening once again in Colombo from March 9-11. 

Artificial Intelligence Powered Dialog Voice Agent now on Google Assist

In line with its continuous efforts to advance technology and consistently provide users with a world-class customer service experience, Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, launched an app for Google Assistant. 

Role of capital quality in risk management

Capital is critical for banks to be in business. In banks and financial sector, it is meant to meet unexpected losses arising out of normal course of banking business like any other commercial enterprise. 

CIMA and ICCSL sign MoU to promote education

The Chartered Institute of Management Accountants UK Sri Lanka Branch recently joined hands with the International Chamber of Commerce Sri Lanka (ICCSL) to promote education, training and business. 

Maha Shivarathri Pooja at Sri Lanka Insurance

A pooja in honour of Lord Shiva was conducted last week by the Sri Lanka Insurance Hindu Association to mark Maha Shivarathri day.  The pooja, which was organised for the second consecutive year, was conducted by Mohan Sharma Gurukkal from the Nawagampura  Amman Kovil. 

Janashakthi Life’s sales team attends 2018 MDRT Conference

Janashakthi Insurance PLC announced that 30 members of its Life Insurance team took part in the 2018 Million Dollar Round Table (MDRT) Experience & Global Conference held in Bangkok, from the 8th– 10thof February.

Digitalization key for trade finance: HNB CEO

Trade Finance Association of Bankers held its annual public seminar at the ‘Golden Rose’, Boralesgamuwa recently. 

Ceylinco General Insurance records Rs.18bn premium income in 2017

Ceylinco General Insurance Ltd., announced results for the financial year ended 31st December 2017 recently.

Ironman not just a triathlon, it’s sports tourism

Being held for the first time in the South Asian region, ‘Ironman 70.3’, a global triathlon brand is being hosted in Sri Lanka from February 22nd to 25th.

Hayleys Advantis Does the Heavy Lifting for IRONMAN 70.3 Colombo

Lending its expertise in end to end logistics management to ‘Sri Lanka Wonder of Asia IRONMAN 70.3 Colombo’, Hayleys Advantisannounced

BNI focuses on greater heights, newer ventures

Business Network International (BNI) relaunched the second chapter, BNI Dynamic, as a ‘hall of fame’ chapter, in Colombo recently. 

Internationally acclaimed motivational speaker in town this March

Internationally acclaimed motivational speaker Gaur Gopal Das is to speak in Sri Lanka in March for the first time.

CIMA presents Corporate Partnership Programme for 2018

Staying true to its vision to help businesses succeed worldwide, the Chartered Institute of Management Accountants (CIMA) presents its Corporate Partnership Programme for 2018, an opportunity for leading corporates to enter into a strategic partnership with a prestigious business network, driven by an undeterrable vision to shape the future of business around the globe.

Guarantee your virtual team members ‘out of sight’ doesn’t mean ‘out of mind’

In this instalment, you discover how to establish a few clever ways of working, which help you to address the challenges of leading a virtual team and ensure that your team is productive.

Merchant navy profession now open to GCE A/L Technology students

The Merchant Shipping Secretariat of the Ports and Shipping Ministry has taken the initiative to broaden the entry criteria for merchant navy cadet officer training to include the GCE A/L Technology stream students, in a bid to create more opportunities for Sri Lankan youth to embark on lucrative seafaring careers.

Evergreen orders eight 11,000 TEU containerships

Evergreen Marine Corp. (EMC) entered into an agreement with Samsung Heavy Industries (SHI) to order eight 11,000 20-foot equivalent unit (TEU) containerships.