National Conference of Chartered Accountants kicks off

Sri Lanka’s largest business summit, the National Conference of Chartered Accountants, was inaugurated yesterday in the presence of the country’s corporate glitterati comprising of top business leaders, decision makers, accounting and finance professionals as well as diplomats.

CSE calls for nationwide survey to tackle lower mom-and-pop investor participation

The Colombo Stock Exchange (CSE) has embarked on a countrywide project to identify and understand the number and scale of the potential new investors who are currently staying out of the market.  

Sri Lanka to offer tax breaks for project involving China-backed Port City

REUTERS: Sri Lanka is preparing legislation with tax incentives to attract investment into a big property development near the Colombo port that includes a US $ 1.4 billion Chinese-backed real estate project, a government minister said yesterday.

New SEC Act to be tabled in Parliament

The new Securities and Exchange Commission (SEC) Act will be gazetted and presented to Parliament for approval shortly.

Unemployment in 2Q down from last year

Sri Lanka’s unemployment rate in the second quarter of 2017 (2Q17) fell to 4.5 percent from 4.6 percent in the corresponding quarter last year (2Q16), according to the country’s statistics office. The survey estimated that 261,276 new jobs were created during the 12-month period.

DIMO celebrates ‘Night of the Incredibles’

DIMO’s ‘Night of the Incredibles’ awards ceremony is held annually to recognize and appreciate tribe membersfor their performance and good work. 

Port City steaming ahead!

The 269-hectare sea reclamation project by China Harbour Engineering Corporation extending Galle Face sea front has reached the halfway mark. The project is expected to be completed by mid-2019. The picture shows two dredgers at work

Sri Lanka Tourism moves into Google’s G Suite

The Sri Lanka Tourism Development Authority (SLTDA), the apex body of Sri Lanka tourism, has moved into G Suite, the cloud-based application from Google, to improve its internal communications and to advance the services it offers to the industry at large.

THASL crowns most outstanding hoteliers at ‘Rising Stars Awards 2017’

Concluding the long quest for the most outstanding personalities in the hotel industry, The Hotels Association of Sri Lanka (THASL) concluded the vibrant award ceremony, Rising Stars Awards 2017, on a successful note recently. 

Makeyourtrip.com adds unique destinations

Makeyourtrip.com, Sri Lanka’s first online platform to build, customise, edit and price travel itineraries, has widened its reach by adding a number of fantastic new destinations to select from.

HNB Grameen Finance appoints two new directors

HNB Grameen Finance Limited recently appointed two directors to their board with the objective of further strengthening the company. 

An interactive session on new Inland Revenue Act

The new Inland Revenue Act, effective from 1st April 2018, will see an in-depth analysis of the significant changes to it at Ramada Hotel on 1st November 2017, carried out by KPMG Tax Principal Attorney at Law Suresh R.I. Perera.

How can Sri Lanka gain from Asia’s ‘noodle bowl’ of regional infrastructure?

China’s Belt and Road Initiative (BRI) – a web of intercontinental road, rail and port links – is a hot topic in Sri Lanka. The debate has focused on the implications of the Hambantota port and Colombo International Financial City for maritime security in the Indian Ocean. 

Janashakthi Insurance offers Full Option ‘High Speed Claim’

Demonstrating its credentials as a progressive and customer-centric insurer, Janashakthi Insurance trail blazed its new Janashakthi Full Option ‘High Speed Claim’ service product whereby its Full Option motor insurance policy holders can obtain claim payments in two easy steps. 

The rise of bitcoin and cryptocurrencies

A cryptocurrency is a digital or virtual currency. What is so special about it is that it uses cryptography to make its transactions secure. It has no physical form and exists only in a computer network. It has no intrinsic value. There are a few international vendors who accept cryptocurrencies as a mode of 

Atul Malik appointed Union Bank Chairman

The Board of Directors of Union Bank of Colombo PLC announced the appointment of Atul Malik as Chairman of the bank with effect from 25th October 2017. 

Sampath Bank introduces first banking robot in Sri Lanka

Sampath Bank is poised to revolutionize the financial industry with a banking robot that works in the form of a humanoid teller.

Combank receives 18th Best Bank Award from Global Finance

The Commercial Bank of Ceylon recently received the Global Finance award for Sri Lanka’s Best Bank in 2017 at an awards ceremony at the National Press Clubin Washington DC during the IMF/World Bank Annual Meeting. 

Dushni Weerakoon appointed as new Executive Director of IPS

Dr. Dushni Weerakoon has been appointed as the Executive Director of the Institute of Policy Studies of Sri Lanka (IPS).

Lankan electronics and electrical sector seeks opportunities in Vietnam and Thailand

Sri Lankan companies have gained more than 20 business leads, about 10 business alliances, joint venture opportunities coupled with market exposure, and are studying new trends in technology and innovation by participating in the exposure visit cum business matchmaking programmes to Vietnam and Thailand.

Magnificent living spaces with skyline views at Elektra, Koswatte

Coming up in the fast growing Koswatte suburb of greater Colombo, Elektra is a condo development project by veteran builder Floreat Homes. 

Seylan announces ‘Ethera kasi methara wasi’ monthly draw winner

Seylan Bank introduced an exciting draw scheme named ‘Ethera kasi methra wasi’ for its remittance customers partnering with the global remittance services such Express Money, RIA, Speed cash and Unistream to name a few.

NHRDC prepares report on ways to improve public sector

The National Human Resources Development Council (NHRDC) has prepared a report on improving ways of working in the public sector. 

The LVL Energy Fund – A company at the forefront of Sri Lanka’s energy industry

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

Fashion Bug awards Roo Siththam 2017 winners

The award ceremony of Roo Siththam, the annual all island art competition organized by Sri Lanka’s leading fashion destination, Fashion Bug, was held recently in two stages; Colombo and Kandy

SLIM holds Certification Ceremony 2017 in a splendid manner

Sri Lanka Institute of Marketing (SLIM) held its Certification Ceremony recently to recognize and award students who have successfully completed the SLIM programmes; Preliminary Certificate in 

Bileeta wins again at NBQSA and Digital Heath Awards 2017

Bileeta (Pvt.) Ltd, an award-winning Enterprise Resource Planning (ERP) solutions provider bagged two prestigious awards at the 19th National Best Quality Software Awards (NBQSA) 2017 held recently.

Viber launches novel dengue sticker pack to spread awareness

Helping Sri Lanka control and fight against the dreaded Dengue disease, Viber recently launched a novel awareness sticker pack.

Lanka Network Operators Group launches as community-based initiative

The Lanka Network Operators Group (LKNOG) was launched on Friday 20th October at the Galle Face Hotel, Colombo with the participation of over 100 network operations professionals representing Internet Service Providers (ISPs), telecommunication service providers, universities, public and private sector organizations attending the  inaugural conference.

Eimsky Business Solutions wins hat-trick of awards at National Best Quality ICT Awards

Eimsky Business Solutions (Pvt.) Ltd emerged victorious at the recently held National Best Quality ICT Awards (NBQSA) 2017 with its Smart Office Suite being titled the ‘Most Innovative and Best Solution in Cloud Computing Application’.