Toshiba selects Bain group as buyer of prized chip business

REUTERS: Japan’s embattled Toshiba Corp has chosen a group led by U.S. private equity firm Bain Capital to buy its prized memory chip unit, three people with knowledge of the talks said this week, a last-minute dramatic twist to a highly contentious auction.

MBSL Matara branch reopens with new look

Merchant Bank of Sri Lanka & Finance PLC (MBSL) recently extended its new design and look to its Matara branch to provide customers a redefined financing experience. 

LMD recognizes Triad the ‘Most Respected Advertising Company’ in Sri Lanka

The most respected business entities are recognized and listed by Lanka Monthly Digest annually, in a bid to set a standard of excellence for the corporate sector. 

Saudi Arabia set to lift ban on internet calls

REUTERS: Saudi Arabia will remove its ban on internet phone calls, a government spokesman said, in a bid to stimulate online business as the kingdom looks to boost  non-oil revenue.

MillenniumIT implements Oracle Sales Cloud for Capital Alliance

MillenniumIT, a Platinum level partner in the Oracle Partner Network (OPN) recently implemented Oracle Sales Cloud; a Customer Relationship Management solution with Master Data Management Capabilities for Capital Alliance Holdings  Limited (CAL). 

SL mulls introducing new monetary law to streamline CB’s functions

The government has resumed its efforts to restructure the Central Bank after months of silence on the matter, with Prime Minister Ranil Wickremesinghe announcing that discussions are ongoing to introduce a new monetary law.

SriLankan partners with Booking.com to provide passengers one-stop travel solution

SriLankan Airlines has entered into a partnership with Booking.com, the world’s largest accommodation website, providing airline passengers the convenience of booking accommodations online along with their flight tickets on the SriLankan Airlines website www.srilankan.com, from September 18, 2017.

Office 2017 to kick off on September 29

Office 2017, the first-ever exclusive exhibition for all corporate solutions, will be held on September 29 and 30 and October 1, at the BMICH.

Capitol TwinPeaks Model Apartment now open

Capitol Developers, the company developing the iconic Capitol TwinPeaks has unveiled its model apartment to the public for viewing. Staying true to its impeccable track record of delivering projects 

Hameedia’s “What’s Your Fit” campaign continues around the country

Hameedia, Sri Lanka’s premier men’s wear specialist renowned for quality and style recently introduced ‘What’s Your Fit?’ campaign at the beginning of August to extend their fashion expertise 

DSL Enterprises (Pvt) Ltd Pledges to Support “Little Hearts”

DSL Enterprises (Pvt) Ltd, announce their participation in the Little Hearts project, which aims to build a Cardiac and Critical Care Complex at the Lady Ridgeway Hospital. 

Omega Line emerges best value added exporter in apparel sector

Omega Line Pvt Ltd, a leading apparel manufacturer with a highly focused export-oriented strategy and part of globally renowned Italy-based CalzedoniaS.p.A, was yet again awarded the highest

Hemas Hospitals Wattala revamp Radiology Dept. with state-of-the-art facilities and services

Hemas Hospital Wattala, award-winning healthcare facility in the Gampaha District, recently upgraded its Radiology Department thereby elevating itself to be the most up-to-date radiology facility in the country.

GlaxoSmithKline breathes easier as U.S. approves triple lung drug

REUTERS: U.S. regulators have approved GlaxoSmithKline’s three-in-one inhaler for chronic lung disease, a key new product for the group as it strives to keep its lead in respiratory medicine despite falling sales of the older drug Advair.

Lanka Hospitals continues to win awards for excellence

The internationally accredited, multi award-winning Lanka Hospitals Corporation PLC, continues to excel as an organization by winning yet another series of awards, this time for Annual Reporting. The hospital won an award for

Pan Asia Bank offers 13.1% AER on 4-month FDs

Pan Asia Bank has come out with a short-term fixed deposit promotion, which offers a higher rate of interest on four-month fixed deposits, where the customers get the opportunity of receiving a 13.1 percent annual effective rate (AER) on their fixed deposits (nominal rate 12.57 percent p.a.).

SANASA Federation hosts ACCU Forum 2017

SANASA Federation of Sri Lanka (Federation of Thrift and Credit Co-operative Societies Ltd in Sri Lanka), has the honour of hosting Association of Asia Confederation Credit Unions (ACCU) Forum 2017, from September 16 to 22, 2017, at Galadari Hotel Colombo.

Fitch rates LB Finance’s senior and subordinated debt

Fitch Ratings has assigned LB Finance PLC’s (LB; A-(lka)/Stable) proposed senior, unsecured and subordinated debentures expected national long-term ratings of ‘A-(lka)(EXP)’ and ‘BBB+(lka)(EXP)’, respectively.

World Federation of Exchanges CEO visits CSE

Making her first visit to the Colombo Stock Exchange (CSE), World Federation of Exchanges (WFE) Chief Executive Officer Nandini Sukumar commended the special relationship between the two organisations and stressed on the important contribution made by the CSE to regional capital market development. 

Asia must act to prevent demographic dividend from becoming tax

Asia is undergoing a demographic transition as its population is gradually aging. The economic growth in Asia and the Pacific has benefited in recent decades from a demographic dividend triggered by declining fertility rates in countries with relatively youthful populations, leading to a subsequent drop in the dependency ratio and a burgeoning workforce.

Unpaid care work: Overlooked barrier in women’s economic empowerment

There is broad consensus that women’s empowerment underpins the success of the new 2030 Agenda for Development (also known as the Sustainable Development Goals (SDGs)). While gender equality itself constitutes 

End of oil age: Not whether but when

A transportation revolution is underway that could completely transform the oil market in the coming decades.

ABAF 2017 holds ‘Building a Great Start-up’ preview event

Organisers of Sri Lanka’s first Asian Business Angel Forum (ABAF) recently held a unique and valuable preview event, ahead of the main conference on October 11-12, 2017.

Stream music anytime with Etisalat Music App

Etisalat’s affordable music streaming service, containing over 2,500 music videos, 15,000 Sri Lankan songs and 9,000 International songs, was launched for its customers addressing all their musical needs.

Microsoft announces new Country Manager for Sri Lanka and Maldives

Microsoft has appointed Hasitha Abeywardena as Country Manager for Sri Lanka and Maldives. Abeywardena, who joined Microsoft Sri Lanka in 2015 as the Director for Enterprise Business, will take over the role from Brian Kealey.

How to become data-driven - The winning trifecta

We are living in the era of the data gold rush, with enterprises eager to collect as much information as possible to inform their decision-making.

Huawei partners TÜV Rheinland for certification of SuperCharge technology

Huawei Consumer Business Group today announced its cooperation with TÜV Rheinland to certify Huawei’s SuperCharge technology.

SimpleCRM launches solutions to support education institutes in Sri Lanka

During the last decade, digital transformation has been the main challenge for numerous industries and service providers and it has also touched the education sector in all geographies.

Mitra Innovation CTO to speak at European WSO2 conference

Mitra Innovation, a technology innovation and cloud integration company with its research and development teams based in Sri Lanka, is exhibiting at WSO2Con Europe, in London, in November, with esteemed Chief Technology Officer (CTO) and Chief Architect Sudaraka Jayashanka speaking at a panel discussion on day two of the conference.

Oppo launches speedy A71 in Sri Lanka

Oppo, the leading global technology brand, marked a significant shift towards speedy operation with a spectacular design, the A71 in Sri Lanka.