Samsung leads Sri Lankan market

Reiterating its position as world’s number one smartphone, Samsung is confident in maintaining a majority of market share in Sri Lanka, says Hanbae Park - Managing Director of Samsung Sri Lanka. 

Huawei overtakes Apple as C-NPS Customers’ Most Recommended Brand

China’s leading brand rating organization Chnbrand released China Net Promoter Score Index (C-NPS) research results for 2018. 

Former Navantis CEO gives major impetus to iTelaSoft

One of Sri Lanka’s cutting-edge tech companies– iTelaSoft recently announced its second consecutive year of rapid growth following the entry of Indaka Raigama, the former Chief Executive Officer of Navantis as its CEO. 

DirectPay founder outlines how digital payments shaping future of e-Commerce

The payment ecosystem has been evolving rapidly in the last few years with the surging shift towards digital payment options.  This continuous growth in the entire global payments ecosystem has  led to entrepreneurs and startups inventing new and innovative mechanisms to improve the way we move money in society. 

Bileeta teames up with SLT for SaaS on ‘akaza’ Cloud and reselling partnership

Sri Lanka Telecom PLC (SLT) strengthened its Cloud Platform, ‘akaza’ portfolio with signing an agreement with Bileeta(Pvt) Ltd to resell the EntutionCloud ERP solution to the SME and Mid-Market in Sri Lanka and globally. 

SLIM Nielsen People’s Awards on March 9

In 2006, two giants in Sri Lanka’s marketing sector came together to initiate the only awards programme in the country, the SLIM Nielsen People’s Awards, where brands and personalities are recognized and acclaimed based on the preference of the public.  

SLIM holds Certification Ceremony for inaugural Digital Marketing batch

The first batch of the inaugural Certificate in Digital Marketing (CDM) successfully completed the programme and was recognised for the efforts at the Sri Lanka Institute of Marketing (SLIM) Certification Ceremony held recently.

Accommodating larks and owls: Toughest assignment for a virtual team leader

With the increasing growth of worldwide organisations and improved methods of electronic communication, virtual teams are growing in number and importance. As a team leader, you may well find yourself asked to lead a team of people who are spread across countries and continents and who rarely, if ever, meet each other in person. Clearly, leading such a team presents particular problems.

IMF’s Lagarde says market swings aren’t worrying, but wants reforms

REUTERS: Sharp swings in global financial markets in the past few days are not worrying since economic growth is strong but reforms are still needed to avert future crises, the Managing Director of the International Monetary Fund (IMF) said on Sunday.

Commercial Bank to keep 70 branches open on Mahasivarathri Day

The Commercial Bank of Ceylon has announced it will keep 70 branches open for business on Tuesday, February 13th, a Public and Bank holiday to mark the Mahasivarathri festival.

Payable signs 2000 new merchants with Visa on islandwide promotion

Payable revolutionised cashless mobile payments in 2016, when it first entered the market with a mission to empower Sri Lanka’s micro, small and medium enterprises with the ability to accept electronic payments at a very low cost.

Adopting technology, game-changer to accounting profession: Jagath Perera

There is a need to bring in new aspects like automated processes, advanced practice management tools and forensic in audit to enhance audit quality as auditors are facing new challenges in performing audits, said Jagath Perera who was inducted as the 24th President of Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), last week.

Expolanka Dec. net up on better logistics performance

Expolanka Holdings PLC reported higher earnings for the December quarter helped by its logistics sector performance despite some yield pressure faced by the key business segment, the interim results filed with the Colombo Stock Exchange showed. 

Microsoft study shows online abuse coming from people’s own social circles

On Safer Internet Day 2018, Microsoft released its second annual Digital Civility Index (DCI) study based on a survey completed in June 2017 to gauge the attitudes and perceptions of teens (ages 13-17) and adults (ages 18-74) in 23 countries about the state of digital civility.

Dialog Axiata 4Q propelled by mobile operations and lower forex losses

Strong mobile telephony business and lower forex losses put Dialog Axiata PLC’s top and bottom-line performances at elevated levels during its December quarter, reflecting a trend where people have spent more on mobile data and voice than a year earlier. 

Debt mismatch may be at provincial and local govt. levels: Central Bank

The Central Bank recently said that the debt mismatch pointed out by the Auditor General may be at the provincial and local government levels, and that the Treasury is working to get a clearer sense of the debt in the general government books.

Vasu files another case against shipping industry monopolisation

Court of Appeal last week issued notices on Ocean Network Express (O.N.E) and alleged partners on trade monopolisation and others returnable for March 19.

Will lotus bud derail Sri Lanka’s economic reform agenda ?

The local government election upset for the incumbent coalition could spell doom for the country’s economic reform agenda if Former President Mahinda Rajapaksa loyalist faction’s Sri Lanka Podujana Peramuna (SLPP) pushes its advantage in parliament, and the government may have to sacrifice some of its long-delayed reforms to maintain power.

PAYable signs 2000 new merchants in 2 months with VISA promotion

PAYable revolutionized cashless mobile payments in 2016, when it first entered the market with a mission to empower Sri Lanka’s

The Body Shop Introduces New Range For Valentine’s Day

Infusing the celebration of Valentine’s Day with the ephemeral scents of cherry blossom and strawberries

Govt. to appoint committee to check State accounts

The government will appoint a committee comprising public and private sector members to look into State accounts and especially the country’s debt statistics, Prime Minister Ranil Wickremesinghe said on Thursday.

Asia stocks tank for second time in a week as global rout resumes

AFP: Asian trading floors were a sea of red once again yesterday as the global rout returned with a vengeance on intensifying fears about tighter US interest rates.

Green cars in spotlight as India eyes electric revolution

AFP: Electric cars bask in the limelight at India’s flagship auto show, where an ambitious plan to phase out polluting clunkers has manufacturers racing to lure millions of new drivers to their green vehicles.

Malaysia says no mystery over ‘missing’ MH370 search ship

AFP: Malaysia Thursday quashed rumours swirling after a ship searching for Malaysia Airlines flight MH370 disappeared from tracking screens, saying it had simply made a refuelling stop in Australia and would resume the hunt.

Rupee firms on exporter dollar sales

REUTERS: The Sri Lankan rupee ended firmer for a third straight session yesterday, pulling further away from a record closing low hit earlier this week, as some exporters sold dollars, dealers said. 

Lankan apparel giants give up on breaking through production efficiency conundrum

An efficiency conundrum hounding the Sri Lankan apparel industry over the past two decades has seen giants such as MAS Holdings giving up on trying break through the production efficiency barrier to focus on the complete supply chain.

Trade on agenda as China’s top envoy visits US

AFP: US Secretary of State Rex Tillerson welcomed Chinese state councillor Yang Jiechi to Washington on Thursday as the world’s two most powerful diplomats talked trade, drugs and North Korea.

China’s factory inflation eases

People select vegetables at a supermarket in Fuyang, in eastern China’s Anhui province. China’s factory inflation eased to a 14-month low in January while consumer prices grew at their slowest rate in six months, official data showed yesterday (AFP)

AIA Vitality users support Little Hearts Foundation

AIA Vitality app users had chosen the Charity option as their AIA Vitality reward and donated a sum of Rs.200,000 in the month of November. Each user made a donation of Rs.500 per reward towards the Critical Care Unit for children at the Lady Ridgeway Hospital. The Little Hearts foundation wishes to extend its heartfelt appreciation to all AIA Vitality users for their contribution.

NDB Toastmasters successfully completes southern region speechcraft

The grand finale of the NDB Speechcraft Programme season-eight successfully concluded in grand style on January 12th 2018, with the presence of the senior management and staff members of the southern region as well as the invitees from the Toastmasters fraternity.