SLCBCC announces 7th Business Star Awards

The Sri Lanka China Business Cooperation Council (SLCBCC) announced the launch of SLCBCC Business Star Awards 2017, which will be the seventh in the series.  The Awards presentation will take place on December 4th at Galadari Hotel, Colombo.

Pathfinder Foundation participates at Sagar discourse in India

The first ever track 1.5 discourse on the Indian government’s ambitious initiative Security and Growth for All in the Region (SAGAR) was conducted in the port city of Goa, India last weekend.

Amila presents ‘Tharadiya’ scaling pros and cons of economy

Economist Amila Muthukutti presents a daily economic review called Tharadiya broadcast at 6.40 am on ITN FM on weekdays. 

CSE signs MoU with OBG to use capital market info at top forum

The Colombo Stock Exchange (CSE) has signed a memorandum of understanding (MoU) with Oxford Business Group (OBG) to use the global research and consultancy firm’s analysis of Sri Lanka’s capital markets as its primary information tool at a high-profile investment forum, scheduled to take place mid-October in New York.

Leo Burnett Sri Lanka named ‘Agency of the Year’ at the Effie Awards

Leo Burnett Sri Lanka, the local office of the global advertising network Leo Burnett Worldwide was recently named the ‘Agency of the Year’ at this year’s Effie Awards Programme. Leo Burnett Sri Lanka 

Allianz Lanka Launches State-Of-The-Art Automated Underwriting Platform AUSYS

Allianz Life Insurance Lanka, in a bid to provide their customers with greater convenience, recently launched their automated underwriting platform ‘AUSYS’. The development of the platform

HSBC awarded ‘Best Consumer Digital Bank’ for 11th time by Global Finance

HSBC Sri Lanka has once again been recognised for its digital capabilities by winning the Best Consumer Digital Bank Country award by Global Finance at the Best Digital Bank Awards 2017, and this is the 11th time that HSBC has won this prestigious award.

Multiply joy with BOC ‘Pita Pita Rata Thegi’

Bank of Ceylon is ready to multiply your happiness when you remit money from abroad to your loved ones, filling your homes with goods that will add happiness to your day-to-day life, BOC ‘Pita Pita Rata Thegi’ will offer customers a chance to win 300 gifts.

Cinnamon Legends announce new website launch

Cinnamon Legends announces the launch of its newly revamped website www.cinnamonlegends.com.

Fine Furniture visits Germany to witness Hacker innovations

In September, Fine Furniture Chairman and Founder Martin Klement and Director Niluka Klement took their annual trip to Rodinghausen Germany to experience once again firsthand, what Hacker has in store for 2018.

Yeti Isotonic creates waves in lankan beverage market

Yeti Isotonic which was recently launched in Sri Lanka looks to shake-up the sports drink market by offering the ‘most advanced electrolyte drink’.

Sharp electronic products now exclusively from Singer

Sharp, one of the most globally recognized manufacturers of electronic products has been recognized as a preferred brand name amongst the general public in Sri Lanka and since 2013, the brand has been made exclusively available at Singer, Sri Lanka’s leading retailer for consumer durables.

SriLankan, a hopeless case even with a management change: Eran

Finance State Minister Eran Wickramaratne lashed out at the national carrier, SriLankan Airlines, at a recent forum in Colombo, saying that the airline has no business proposition even with a change in the management.  

SLEA Annual Sessions to be held next week

The Annual Sessions of the Sri Lanka Economic Association (SLEA), the premier association of economists in the country, will be held on 27-28 October on the theme ‘Modernization

Mangala meets IMF Deputy Managing Director

Minister of Finance and Mass Media Mangala Samaraweera while attending the WB/IMF annual meeting in Washington at the conclusion of the meeting called on   Mitsuhiro Furusawa,  Deputy Managing Director of the IMF and held discussion on matters of mutual interest.

Global Capital names Dr. Coomaraswamy as Governor of the Year South Asia

Central Bank Governor Dr. Indrajit Coomaraswamy, Governor Central Bank of Sri Lanka has been named Central Bank Governor of the Year, South Asia, by the popular publication house Global Capital at Global Capital Markets Awards ceremony in Washington DC on October 14, which coincides with the World Bank-IMF Annual meetings.

Shiran Fernando to assume duties as Chief Economist at Ceylon Chamber

The Ceylon Chamber of Commerce has appointed Shiran Fernando as its new Chief Economist, effective from 16th October, following the resignation of Anushka Wijesinha. Fernando, who holds Bachelors in 

Towards a more secure recovery shared by all

Following is the 2017 Annual Meetings Plenary Speech by International Monetary Fund (IMF) Managing Director Christine Lagarde.

Investing in human resources and reforming Sri Lanka’s labour market

The Economic Statement of October 2016 presented by Prime Minister Ranil Wickremesinghe envisages increasing the growth rate of the Sri Lankan economy to 7 percent, with the objective of doubling the per capita incomes by 2025. Given that the Sri Lankan economy is closely integrated with the rest of the world, achieving a sustained average growth rate of 7 percent will only be possible if the country manages to stay competitive in the global mark

Top Islamic Finance forum to be held in Sri Lanka

Islamic Finance Forum for South Asia (IFFSA) 2017 under the theme ‘Cooperation I Consolidation I Concentration’ organised by UTO EduConsult in conjunction with KPMG as Knowledge Partner and Adl Capital as Key Event Partner will be held on 24th 

Softlogic Life speeds up expansion, adds five branches in 3Q

Further strengthening its network spread across the island, Sri Lanka’s fastest growing life insurer Softlogic Life opened five branches in - Anuradhapura, Badulla, Kurunegala, Seeduwa and Weligama, during the September quarter.

Seylan Trade Services Department, new outlook and enhanced services

Seylan Bank’s International Trade Services Department was relocated to a new premises at the Seylan Bank Head Office to provide more convenience to its customers. The Imports and Exports

Central Bank Governor sees no pressure to lift rates

BLOOMBERG: Sri Lanka’s Central Bank doesn’t see any pressure to tighten policy even as inflation accelerates on the back of a severe drought and poor weather, Governor Indrajit Coomaraswamy said in an interview.

Fitch Rates NTB’s Basel III sub-debt issue ‘A-(lka) (EXP)’

Fitch Ratings has assigned Nations Trust Bank PLC’s (NTB, A(lka)/Stable) Sri Lanka rupee-denominated proposed Basel III-compliant subordinated unsecured debentures an expected National Long-Term Rating of ‘A-(lka)(EXP)’.

CEB gets ‘AAA’ rating from Fitch; outlook ‘Stable’

Fitch Ratings Lanka has published Sri Lanka-based Ceylon Electricity Board’s (CEB) National Long-Term Rating of ‘AAA(lka)’ with a ‘Stable’ outlook. The CEB is fully-owned by the Sri Lanka sovereign (B+/Stable).

Maharagama Nawinna Medicare Hospital unveils Ayurveda Medical Unit

Nawinna Medicare Hospital (Pvt.) Ltd in Maharagama which is equipped with state-of-the-art medical services of the international standard opened its unit for Ayurvedic medical services recently.

Tougher stock market rules from January, next year

The Securities and Exchange Commission (SEC) last week directed the Colombo Stock Exchange (CSE) to incorporate the amended rules for stringent policy enforcement into the existing Listing Rules, according to a disclosure made on the CSE yesterday.

Shares snap winning streak, end lower on profit-taking

REUTERS: Sri Lankan shares snapped a winning streak to end lower yesterday, slipping from their highest close in more than 10 weeks hit in the previous session, with investors booking profits in financials, brokers said

Sri Lanka’s BASEL III debt instruments get initial ratings from Fitch

Fitch Ratings yesterday rated three of the BASEL III compliant corporate bonds, convertible into equity as the Sri Lankan banks begin to raise funds to ramp up their capital through BASEL III sub debt for the first time. 

Growing informal sector to subdue hotel industry profit margins: Fitch

The profit margins of Sri Lankan hotels will continue to fall over the next two to three years due to the competition arising from low-priced accommodation in local and regional markets, according to Fitch Ratings.