Election outcome weighs on investor sentiment

The Colombo bourse’s indices ended yesterday’s trading in the red territory with the outcome of Saturday’s local government election weighing on the investor sentiment.

Pan Asia offers housing loans with fixed interest rates up to 10 years

In a bid to meet the rising customer demand for a housing loan solution that offers a long-term fixed interest rate structure, Pan Asia Bank ‘Nivasa’ home loan now offers an interest rate structure that is fixed for a period of 10 years from the date of granting the loan.

IATA and CAAS to launch Global Safety Predictive Analytics Research Center in Singapore

The International Air Transport Association (IATA) and the Civil Aviation Authority of Singapore (CAAS) announced the signing of a Memorandum of Collaboration (MoC) to establish a Global Safety Predictive Analytics Research Center (SPARC) in Singapore. 

Affordable medical test packages to all from Pannipitiya Private Hospital

Pannipitiya Private Hospital, one of Sri Lanka’s renowned and frontline private hospitals has introduced a series of medical test packages that offers special discounts to its patients.

China poised to play greater regional role: Dr. Colombage

Following is a speech delivered by Admiral Dr. Jayanath Colombage, Director of the Center for Indo-Lanka relations of the Pathfinder foundation at the joint symposium conducted by the Institute of South Asian Studies of the National University of Singapore on the Belt and Road Initiative, held in collaboration with the Pathfinder Foundation held on January 29 in Singapore.

Lanka Hospital Diagnostics launches state-of-the-art medical laboratory in Kandy

With astounding success and highest quality of their medical laboratory services in Colombo and suburbs, Lanka Hospitals Diagnostics (LHD) recently launched their newest lab testing facility at No.74, Old Peradeniya Road, Kandy.

Selan Bank opens two new branches

Seylan Bank opened two new branches in Aluthgama and Wariyapola recently. The Aluthgama branch is located at Senaro Building, Aluthgama while the Wariyapola branch can be accessed in Kurunegala Road, Wariyapola.

CAL provides investors innovative fintech solution with Fipbox launch

Capital Alliance (CAL) has launched Fipbox, a centralised web application that facilitates investors with up-to-date information about interest rates and credit ratings of banks and financial institutions, allowing clients to confirm investments through a single platform to help them find the best fixed deposit rate.

Sri Lanka Insurance pays over 1,600 Suraksha claims for schoolchildren

The Suraksha Insurance scheme, which was launched by the Ministry of Education in October last year, has already proved to be extremely beneficial for the children of Sri Lanka with over 1,600 claims already paid by Sri Lanka Insurance to-date. 

Sri Lanka Tourism launches ‘LoveCakeLove’ initiative for Valentine’s Day

‘LoveCakeLove’ is the theme of a crowd-sourced effort, initiated by Sri Lanka Tourism, to create hype for love cake, a uniquely Sri Lankan dish, around Valentine’s Day 2018.

Criticality of risk weighted assets in risk management

In the process of financial intermediation, banks mobilize deposits and deploy them in loans and investments in tune with the Central Bank guidelines to create assets. 

Sri Lanka Tourism gets to grips with Colombo’s tourism boom

Since 2009, Sri Lanka has witnessed far-reaching development when it comes to the hospitality and travel industry. 

Emirates firms up orders for 36 A380s worth US$ 16 billion

Emirates, the world’s largest international airline, signed a contract for 20 additional A380 aircraft and 16 options, firming up the Memorandum of Understanding (MoU) that was announced in January.  The total agreement for 36 aircraft is valued at US$16 billion based on latest list prices. Deliveries are to start as early as 2020.

AirAsia poised to play key role in Sri Lanka’s travel and tourism market

Tourist arrivals to Sri Lanka are expected to cross the four million mark by 2020, doubling the record of two million arrivals achieved in 2017. 

Hemas Hospitals partners MaGE to strengthen skills of nursing staff

Sri Lanka’s leading private healthcare provider Hemas Hospitals announced its partnership with Manipal Global Education Services (MaGE) in India, with an aim to strengthen and raise the standards and skills of their nursing staff.

Serviced Office Spaces by GrandSpace– A Flexible and Timely Solution

The latest entrant on the scene of professional workspaces, GrandSpace One (Pvt) Ltd, celebrated the opening of their very 

Leo Burnett’s Murtaza A. Tajbhoy win the IAA Champion Award

Murtaza A. Tajbhoy, Chief Strategy Officer of Leo Burnett Sri Lanka was awarded the IAA Champion Award. He is the first Sri Lankan to win this prestigious accolade

Softlogic Properties brings city dwellers its Everest Apartments

Softlogic Properties (Pvt) Ltd, a fully owned subsidiary of Softlogic Holdings PLC, brings city dwellers affordable luxury apartments

Message by H.E. Mr. Mohammad Zaeri Amirani, Ambassador of the Islamic Republic of Iran to Sri Lanka

On the happy occasion of the 39th anniversary of the Islamic Revolution, it is a great honour for me to share with you the joy of the Iranian people on this momentous occasion.

‘Travel Outlook’ relocates to Bambalapitiya

‘Travel Outlook’ Destination Management Company (DMC) recently relocated its Sri Lanka office from Pamankada Road, Colombo 6 to Colombo 4. 

Kenya Airways launches flights to Mauritius

Kenya Airways has launched direct flights to Mauritius as part of its broad strategy to expand its footprint across Africa.   

Singapore Airlines’ first Boeing 787-10 to serve Osaka

Singapore Airlines (SIA) announced that Osaka will be the first scheduled destination for its new Boeing 787-10 fleet, with services expected to begin in May this year. 

Emirates Skywards clinches ‘Excellence in Management’ award

Emirates Skywards, the loyalty programme of Emirates airline, has clinched the award for ‘Excellence in Management’ at the 10th annual Loyalty Awards 2018 organised by FlightGlobal and Global Flight and held in Bangkok on February 6th.

Sri Lanka Tourism holds photography contest to promote destination

Sri Lanka Tourism collaborated with Cinnamon Hotels to encourage local and foreign photographers to highlight their talent and capture unique locations of Sri Lanka, to fascinate the world, by providing prize money to winners of the Cinnamon Photography Contest 2017. 

Sri Lanka Tourism sees Mumbai as market of high growth potential

Sri Lanka Tourism started its 2018 tourism calendar with a positive output by participating in the 5th edition of the India International Travel & Tourism Exhibition –IITT 2018, with more than 28,000 visitors and more than 500 fully-hosted buyers attending it. This travel extravaganza was held from 11th to 13th January. 

Logicentrix to develop logistics centre in Muturajawela

Logicentrix (Pvt.) Ltd, a fully-owned subsidiary of Dart Global Logistics (Pvt.) Ltd, has ventured into the development of a state-of-the-art logistics centre, at the Muturajawela Logistics Park.

Pio Marine wins Shramabhimanee Excellency Award

Pio Marine, a leading company in manufacturing boats and the leading supplier of boats to the Fisheries and Disaster Management Ministries and the Red Cross, recently won the annual Shramabhimanee Excellency Award in recognition of the dedicated service to uplift the marine industry in Sri Lanka.

CASA and maritime hub aspirations

We were taught at that old school this tale of the ‘monkey in praise of his own tail (MPHOT). Today, a few who run the agency show in Sri Lanka, at the Ceylon Association of Shipping Agents (CASA), can be called monkeys in praising of their own tails, as seen in published media. Recently, a writer to Daily Mirror challenged the numbers produced by the CASA in a professional manner in terms of contribution to the economy. This is 

Malaysia’s Dato’ Ts to be CILT International President in 2020

The Chartered Institute of Logistics and Transport is announced Dato’ Ts Abd Radzak Abd Malek FCILT as International President Elect. Radzak will assume the presidency in January 2020. 

CILT SL to host Logistics and Transport National Excellence Awards, Scholarships in July

The official awards ceremony of the Chartered Institute of Logistics and Transport Sri Lanka (CILT SL) organised with the intention of recognizing individuals and corporates, those who have immensely contributed to the development of the logistics and transport industry, will be hosted in July 2018.