Renuka City Hotels parent seeks secondary board listing

Renuka Hotels Limited, the parent of Renuka City Hotels PLC, has received the preliminary approval from the Colombo Stock Exchange (CSE) to list its ordinary voting shares on the secondary Diri Savi Board by way of a share Introduction.  

Mangala promises SME support package in his “designer budget”

The 2018 budget will feature significant support for small and medium enterprises (SMEs) to compete in global markets, according to Finance and Mass Media Minister Mangala Samaraweera, whose ministry in an earlier occasion said Samaraweera would

IPM Great HR Quiz 2017: Creating Value for HR fraternity

IPM Sri Lanka announced that its popular corporate HR quiz “IPM Great HR Quiz 2017” will be held on Wednesday 15th November 2017 at the Cinnamon Grand, Colombo.

CMA participates at Official Integrated Reporting Convention 2017 in Amsterdam

CMA Sri Lanka took part in the Official Integrated Reporting (IR) Convention 2017, which was held in October 2017 at Rai, Amsterdam, Netherlands.

Choose the right role at the right time to gain the best result

Coaches play an essential role in the success of an organization. They are responsible for implementing the coaching and mentoring processes and procedures set by the organization as part of their employee development programs. As such, the bulk of the responsibility relies on how 

Planned immigration law amendments shouldn’t kill blooming ICT industry

In recent news, Finance State Minister Eran Wickramaratne had mentioned about changing the Sri Lankan immigration laws to let information communication technology (ICT) workers migrate to Sri Lanka easily. 

Chinese 2.0 opportunities from 3.0 leaders

China’s National Party Congress, the sixth since modern China started to take shape in 1992, could mark a break from the past three leadership changeover cycles. Specifically, it could result in an extension of President Xi Jinping’s control over the party beyond the normal two five-year terms. Such an outcome would imply continuity and reaffirm the current trajectory of renewal in the Chinese economy.  

OpenArc and Abans Finance to lead digital banking, cashless society

OpenArc, the leading software company and an IT campus headed by Daya Hettiarachchi, recently signed an agreement with Abans Finance, to replace the entire software solution implemented by OpenArc at Abans Finance many years ago, with its brand-new core banking software solution popularly known as ‘SkyBank’ together with its digital banking front-end, ‘SkyDBF’ and mobile payments platform ‘SkyPay’, which will l

LMD honours Vallibel Finance with two golden accolades

Vallibel Finance is proud to be named both ‘Sector Winner’ of the Finance and Leasing Sector and ‘Most Respected Finance/Leasing Company’ in the Lanka Monthly Digest’s – LMD’s Most Respected Rankings 2017. 

Prime group launches Prime Finance

The Prime group has launched its financial arm – Prime Finance PLC.

Avoid these common investing psychology traps

The Colombo Stock Exchange has recorded a growth of 6.5 percent so far during the year 2017. Initially the growth momentum was predominantly driven by foreign investors and at present local participation is increasing steadily. The local investor contribution to total market turnover has increased from 49 percent in April 2017 to 53 percent in October 2017.

Pan Asia Bank 3Q profit flat over higher credit cost, slowdown in new loans

Pan Asia Banking Corporation PLC recorded modest performance during its third quarter as well as for the first 9 months amid challenging macro economic factors including higher interest rates, slowdown in demand for new loans and increase in provisions for possible bad loans. 

Seylan Bank September net profit up 13%

A modest growth in loans and judicious portfolio management appear to have helped Seylan Bank PLC to post relatively better performance in the September (3Q17) quarter, the interim financial accounts filed with the Colombo Stock Exchange showed.

People’s Insurance re-launches brand logo

People’s Insurance PLC announced the relaunch of its insurance brand recently. Backed by its parent companies – the People’s Bank and the People’s Leasing Finance PLC – the People’s Insurance has shown tremendous growth over the years providing innovative solutions to the nation, built on a solid foundation of utmost trust and care.

LVL Energy Fund, forefront in Sri Lanka’s energy industry

A subsidiary of Lanka Ventures, leading Sri Lankan venture capital company, LVL Energy Fund is a limited liability company that invests in renewable and thermal power projects across Sri Lanka and beyond.

JLanka boosts renewable energy transformation with future proof solutions at Techno 2017

Keeping true to their promise of pioneering renewable energy trends in Sri Lanka, JLanka Technologies unveiled some eagerly anticipated products and technologies at Techno 2017.

Amendments to Motor Traffic Act set insurance industry back decades

Sri Lanka’s insurance industry stakeholders have warned that the amendments to the Motor Traffic Act, which were passed in parliament last month, in relation to mandatory police reports on accidents, risk setting the insurance industry back decades.

Labour law reforms to improve female participation: Harsha

Sri Lanka’s labour laws and policies will be amended to enhance female labour force participation in the economy, according to National Policies and Economic Affairs Deputy Minister Dr. Harsha de Silva.

CEB gets US $ 200mn ADB loan for 100MW wind park

The Asian Development Bank’s (ADB) board of directors has approved a loan of US $200 million with sovereign guarantee for Ceylon Electricity Board (CEB) to develop Sri Lanka’s first 100-megawatt wind park.

SriLankan launches daily direct flights to Melbourne

SriLankan Airlines took yet another decisive step forward in extending its route network with the launch of daily non-stop services to Melbourne yesterday (Oct. 29th).

Amazon CEO Jeff Bezos becomes world’s richest person

Variety.com: Jeff Bezos has again claimed the No. 1 spot on the list of the world’s wealthiest individuals, after Amazon investors pushed the stock up more than 11 percent on last week’s strong third-quarter earnings report.

Axiata’s digital VC arm to set up US $ 15mn fund for Sri Lanka

Malaysian telecom major Axiata, the parent of Sri Lanka’s Dialog Axiata, is set to launch a venture capital fund for Sri Lanka to stimulate the ecosystem around technology-based innovation and wealth creation in the country.

Qatar-SL trade talks open today in Colombo

Within four days of a Presidential level delegation from Sri Lanka successfully wrapping up its bilateral work in Doha, the State of Qatar is despatching an official delegation led by an influential Qatari Minister to Colombo to move bilateral trade actions forward. Qatari Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohamed al-Thani will be leading his 20-man delegation to Colombo for the second Joint Committee Meeting between bo

Let market forces to modernize agriculture, industry: PM

Sri Lanka’s top policy markers recently outlined the need to open the country’s agriculture and industry sectors to market forces in order to enhance the economy’s competitiveness and reorganize labour markets.

Export-quality footwear manufacturer Lakpa sends off 150th shipment

Leading footwear manufacturer Lakpa Shoes (Pvt.) Ltd’s 150th container-load left Sri Lankan shores recently.

Hayleys Engineering unveils state-of-the art customer experience center

Hayleys Engineering recently unveiled Sri Lanka’s first ever Engineering Experience Center that provides engineers, consultants and clients the opportunity to experience latest technology and technology yet to come to Sri Lanka.

MAC wins big at NCE awards and Presidential Export Awards

MAC Supply Chain Solutions Private Limited, a fully owned subsidiary of MAC Holdings Private Limited was accoladed at the NCE Export Awards and Presidential Export Awards.

Navin Dissanayake visits Israel’s WATEC exhibition

Plantation Industry Minister Navin Dissanayake visited the WATEC exhibition in Israel to find new and practical technology solutions to support the plantation industry to pertain the momentum of the harvest and to support the tea small-holders by introducing new water technologies to gain a consistent income during droughts.

Samsung’s AddWash range to be launched in Sri Lankan market

Samsung Sri Lanka announces that Samsung’s award winning AddWash front loading washing machine range is soon to be launched in Sri Lanka.

Surplus.lk offers unique platform dedicated engineering sector needs

Surplus.lk, Sri Lanka’s newest online platform dedicated to the needs of buyers and sellers in the engineering sector was recently launched.