MTI becomes Dialog Awards’ independent judging partner again

Dialog Axiata PLC successfully concluded Dialog Awards 2016, its annual employee recognition programme, whilst retaining international management consultancy, MTI Consulting, as an independent judging partner for the sixth consecutive year. 

Unilever and Arpico Encourage Shopper’s to Go Green

Unilever Sri Lanka and Richard Pieris Distributors Ltd. together carried out the ‘Don’t Be Silly Silly’ awareness drive to encourage shoppers to go greenby switching to the reusable Arpico - Unilever 

Paramount Event Spaces; creating events with a difference

Paramount Event Spaces are elegant venues with helpful and knowledgeable staff, ready to assist you in making the memories of a lifetime. Their contemporary design and customization options make 

ICC’s Mount Clifford Range - 688 apartments sold out in two months

Sri Lanka’s pioneering infrastructure and multi sector general contractor International Construction Consortium (ICC) has announced that it has successfully sold out the total 688 modern, walk-up 

Hayleys eyes largest shipping company status

In its quest to become Sri Lanka’s largest shipping and maritime company, the Hayleys group subsidiary, Hayleys Advantis Limited, yesterday announced the 95 percent equity acquisition of Sri Lanka Shipping Company Limited for a mammoth Rs.4.9 billion. 

Slasscom-ICT Norway in joint effort to boost Lankan IT sector

Aimed at helping Sri Lanka’s IT/BPM industry reach the US$5billion mark by 2022, the country’s primary IT/BPO chamber, the Sri Lanka Association of Software and Service Companies (Slasscom) together with ICT Norway (IKT-Norge) kicked off a fresh initiative to empower startups in the country.  Slasscom and ICT Norway have come together to offer Sri Lankan startups the unique opportunity to take part in the ‘Oslo Innovation W

Architect 2018 and SLIA 60th anniversary ceremoniously launched

Architect 2018 was ceremoniously launched recently at Hotel Galadari Colombo, with the participation of previous year patron companies and members of Sri Lanka Institute of Architects (SLIA), which was coincided with the 60th anniversary celebrations of SLIA.

Link Engineering continues to soar focusing on diversification and growth

A leading player in the construction industry, Link Engineering has recorded a significant growth across all construction and engineering operations, particularly contributing to the government infrastructure development. 

Pan Asia Bank opens new centre for private banking and wealth management

Pan Asia Bank recently opened a dedicated centre for private banking and wealth management at the World Trade Centre to offer specialized financial and investment advisory services to its high net worth customers. 

People’s Leasing relocates Rathnapura branch

People’s Leasing & Finance PLC relocated its Rathnapura branch (Moragahayata, Colombo Road, Rathanapura) recently. 

How telecom tax reduction can positively impact e-commerce

Sri Lanka is a small market for any business, as it is a tiny island with comparatively small number of population. 

Is India’s IT sector malfunctioning?

For years, IT companies were the darling of Indian stock investors and fund managers. A constantly depreciating rupee since the 1990s until recently helped in the overall business scenario by allowing clients, largely in the United States, to reduce their IT budgets by offshoring work to India. But too much success can easily blind anyone — and the Indian IT sector is a glaring example of that.

National Chamber organises seminar on quarantine procedures

The National Plant Quarantine Service in Sri Lanka, which is authorized to conduct quarantine procedures for approval of shipment, will conduct a seminar on Thursday, September 14, 2017, from 3:00 p.m. to 5:00 p.m., at the chamber auditorium, No: 450, D R Wijewardene Mawatha, Colombo 10.

Net foreign inflows to Colombo bourse tops Rs.28bn

Net foreign inflows to the Colombo bourse topped Rs.28 billion yesterday—the only silver lining in the otherwise gloomy market hindered by higher interest rates, a debt-ridden economy, natural disasters and political volatilities stemming from a coalition government.

Rupee ends firmer on exporter dlr sales

REUTERS: The Sri Lankan rupee closed slightly firmer yesterday as exporter dollar sales surpassed importer demand for the US currency, dealers said.

ICCSL calls on small businesses to participate in ‘ICC-WTO Small Business Champions’

The International Chamber of Commerce Sri Lanka (ICCSL) is calling on small businesses across the country to submit proposals for the ICC-WTO Small Business Champions, a global event organised by the International Chamber of Commerce (ICC).

Norwegian pension fund continues to play active role in Lankan stock market

The central bank of Norway, Norges Bank, which manages the world’s largest sovereign wealth fund, has been active in the Colombo Stock Exchange over the quarter ended June 30, 2017.

Property market funding puzzle gets murkier

In what could be an interesting revelation, some businesses are said to have been using their cash reserves to purchase real estate and apartments but have then resorted to bank borrowings under small and medium enterprise (SME) sector loan category to make up for such purchases.  

Spark: Transforming the actuarial services landscape in Sri Lanka

One of the main challenges faced by the financial sector is quantitative assessment of future risk.  Financial risk can arise due to unpredictable nature of factors such as interest rate and default rate. 

‘Dine and Smile’ discounts at 64 partner restaurants

Commercial Bank’s ‘Dine and Smile’ promotion is back for the second time this year, with  64 of the country’s most popular restaurants offering discounts exclusive to the bank’s credit and debit card holders.

Alliance Finance signs Karlsruhe Resolution on sustainable finance

Delegates to the seventh Global Sustainable Finance Conference, supporting the UN-backed sustainable development goals (SDGs) and the Paris Climate Agreement (COP21), collectively referred to as ‘Agenda 2030’, have signed the ‘Karlsruhe Resolution’ at theCity Hall, Karlsruhe, Germany on the 13 July 2017.

Sophos named visionary for enterprise network firewalls by Gartner

A global leader in network and end point security Sophos has been named as a visionary by Gartner’s ‘Magic Quadrant for Enterprise Network Firewalls’. This is the first year that Sophos has been placed in the ‘visionaries’ quadrant of this report. 

AIA Insurance tops MDRT in Sri Lanka, crosses 100 member mark

AIA Sri Lanka has crossed 100 MDRT (Million Dollar Round Table) members for 2016, making it the first and only insurer in Sri Lanka to do so.

Combank and DIMO in joint leasing promo for TATA commercial vehicles

The Commercial Bank of Ceylon and Diesel and Motor Engineering PLC (DIMO) have joined forces to offer attractive discounts and otherbenefits to customers leasing TATA commercial vehicles.

CERT|CC conducts ‘Hacking Challenge’ and ‘Information Security Quiz’

For the 10th consecutive year a ‘Hacking Challenge’ and an ‘Information Security Quiz’ was conducted by Sri Lanka CERT|CC as part of the Cyber Security Week 2017 activities. 

Finco recognized as best emerging partner at E-Guardian partner conference

Finco Technologies were awarded as the best emerging partner 2016 as the E-Guardian partner conference which was held at the Hotel Turyaa Kalutara, recently.

zMessenger partners Bangladesh SSD-Tech to expand regional footprint

Multi award winning digital marketing agency in Sri Lanka, zMessenger, recently expanded its services in the region by entering into a partnership with Bangladesh-based multinational technology company, SSD-Tech. 

Annual Construct Exhibition concludes on high note

Prime Minister Ranil Wickremasinghe declared open the Annual Construct Exhibition at BMICH on 25th August. 

Lankans’ love for Pandas, Kwids and Nanos lifts July vehicle registration

More Pandas, Nanos and Kwids are seeing slowly taking more space in already congested Sri Lankan roads as the policymakers have dashed the hopes of many who were aspiring to drive a quality Japanese or European car in style. 

Economist blames outdated labour laws for high youth unemployment

Archaic labour laws and lower educational spending are responsible for the top-heavy and ageing private sector and high unemployment among Sri Lanka’s youth, an economist said recently.