Sri Lanka pops up in foreign news reports on Airbus corruption scandal

References have also been made to Sri Lanka in foreign media reports on the massive corruption scandal rocking the world’s second largest aircraft manufacturer, Airbus. Spiegel Online, one of the most widely read English language news websites in Germany, says suspicious cases have begun popping up around the world, including in Sri Lanka, Indonesia, China, Tunisia, Kazakhstan and Mali.

World economic growth improving, even as U.S., UK potential slows: IMF

REUTERS: The current broad-based global economic upswing will likely be sustained this year and next, the International Monetary Fund said yesterday, with gains in most of the world offsetting sluggish outcomes in the United States, Britain and India.

Shares end firmer on foreign buying

REUTERS: Sri Lankan shares ended marginally higher yesterday in heavy trade, near a nine-week closing high hit last week, as foreign buying boosted investor sentiment, brokers said.

This govt. best bet towards sustainable growth: WAW

One of the harshest critics of government economic policies, former Central Bank Deputy Governor W.A. Wijewardena,  

Lanka Leather Fashion Renews Commitment to Sustainability

Continuing strongly on the environmental responsibility journey that they embarked on two years ago, leading high-end leather garment manufacturer Lanka Leather Fashion (Pvt) Ltd [LLF] recently 

ACCA Sri Lanka elects Adrian Perera as President for 2017/ 2018

ACCA’s Annual General Meeting was held recently at the Cinnamon Grand Colombo, where Oasis Hospital (Pvt.) Ltd Corporate Affairs Director Adrian Perera was re-elected as the Chairman member network panel for ACCA Sri Lanka for the year 2017/2018.

Singer Sri Lanka launches GEO Smart refrigerators

Singer Sri Lanka PLC, the country’s premier consumer durables retailer, has launched Singer GEO Smart, one of the most intelligent and energy-efficient refrigerators in Asia.

Orange carries out islandwide promotion to raise awareness on energy saving

In a bid to spread awareness about the importance of saving energy and the use of LED bulbs, Orange recently carried out a special promotion by directly engaging with consumers across the country.

Wellawatta Nithyakalyani Jewellery bags a hat trick of NCE Export Awards

Wellawatta Nithyakalyani Jewellery, a pioneer in the gem and jewellery trade in Sri Lanka, was recently recognized with Gold awards at the 25th NCE Export Awards organised by the National Chamber of Exporters.

Washapp unveils laundry services

Colombo recently saw the launch of another innovative mobile and web-based start-up – Washapp – that will surely change the way you do your laundry.

EDB organizes seminar for women entrepreneurs in Monaragala

The EDB organized a seminar for women entrepreneurs recently in District Secretariat Monaragala with the objective of development of women entrepreneurs to enter to the international market.

Prime Group, Singer, Tokyo Cement to power 38th NCCA

The National Conference of Chartered Accountants (NCCA), will in its 38th year receive a renewed boost from three top companies; Prime Group, Singer (Sri Lanka) PLC and Tokyo Cement Company PLC, who have come on board to power the conference with gold sponsorships.

Rupee ends lower on importer dollar demand

REUTERS: The Sri Lankan Rupee ended weaker on Tuesday on importer dollar demand amid low supply of the greenback from exporters and banks, dealers said.

Litro Gas Lanka Ltd has no connection to the alleged transaction

Litro Gas Lanka Ltd., wishes to assure all our stakeholders and the general public that the company had no connection to or knowledge of the alleged transaction that the Chairman of Litro Gas Lanka 

Unilever Initiates Partnership with Tea Smallholders Federation and Dialog Axiata to Uplift Liveliho

Unilever Sri Lanka initiated a partnership with the Sri Lanka Federation of Tea Smallholders and Dialog Axiata PLC to support the over 400,000 smallholder tea farmers in Sri Lanka. This comes

Mobitel joins hands with University of Kelaniya and Arthur C. Clarke Institute

The National Mobile Service Provider Mobitel, in collaboration with the University of Kelaniya and Arthur C. Clarke Institute for Modern Technologies, is launching two interactive mobile apps for stoma 

Amãna Bank awards winners of ‘Double your Remittance’ promotion

Amãna Bank has commenced a remittance promotion thereby giving customers the chance of doubling their remittance sent by their loved ones living abroad.

Regulators probe Standard Chartered over US$ 1.4 bn transfer

REUTERS: Financial watchdogs in Europe and Asia are investigating Standard Chartered PLC over the transfer of US $ 1.4 billion of private bank client assets from Guernsey to Singapore ahead of new tax transparency rules, according to a source familiar with the matter.

Industrial Association of Sri Lanka holds 26th AGM

The Industrial Association of Sri Lanka (IASL) held its 26th Annual General Meeting recently.

NTFC, ITC and World Bank partner to initiate TFA

The National Trade Facilitation Committee (NTFC) in collaboration with the International Trade Centre (ITC) and the World Bank will convene a two-day workshop from 11 -12 October at the Galle Face Hotel.

EY named digital strategy and agency services leader by IDC MarketScape

EY has been recognized as a leader for digital strategy and agency services consulting in the Americas, EMEA and Asia-Pacific regions by the IDC MarketScape: Digital Strategy and Agency Services 2017 Vendor Assessment results.

Sri Lanka speeds up SME support work

No sooner the first-ever national small and medium enterprise (SME) policy of the country has been unveiled, Sri Lanka is moving to implement it without delay, the country’s Industry and Commerce Ministry said.

JICA, ADB and World Bank conducts joint study on water and sanitation services in Sri Lanka

JICA, ADB and World Bank have conducted a Joint case study for their programmes and projects assistance during last 10 year period.

Fortunaglobal unveils LISA virtual assistance chatbot

With its ‘brand affluence’ product range having already become the benchmark for omni-channel banking in Sri Lanka’s financial technology (Fintech) sector, Colombo-based Fortunaglobal has set its sights on innovating for the global marketplace, with its new LISA virtual assistance chatbot currently about to graduate its development phase, with an eye toward going-to-market in a matter of weeks.

NCE presents budget proposal for 2018 to Finance Ministry

NCE which is the only private sector Chamber which exclusively serves Sri Lankan exporters, and represents them with relevant state authorities has formulated and presented budget proposals related to export sector well in advanced to enable the Ministry of Finance to consider and include them in the national budget.

Coca-Cola collects over 35,000 bottles during National Coastal and Marine Resources Conservation Wee

The National Coastal and Marine Resources Conservation Week was recently commemorated and the opening ceremony was launched at Crow Island Beach Park, Mattakkuliya.

Fashion Bug Sisu Dirimaga shows way forward for schoolchildren

Fashion Bug, one of the country’s leading clothing retailers conducted its latest ‘Sisu Dirimaga’ CSR programme in Kandy recently, offering mentorship and career path guidance sessions to help the school children make positive life choices.

My Friend Foundation launches ‘English for All’ programme

My Friend Foundation, an organization focused on improving the lives of children in underprivileged schools, launched an innovative programme named ‘English for All’ on September 25th. 

Ceylinco Life helps Grade 5 Scholarship exams students

Nearly 2,300 students who sat the Year 5 scholarship examination this year received valuable prepping courtesy of Ceylinco Life which conducted a series of 10 seminars for them.

Seylan Bank conducts scholarship sminars in North and East

Seylan Bank hosted a series of Grade 5 scholarship seminars in the North and East, to enrich the quality of academic skills of studentswho are sitting for Grade 5 scholarship exam this year.