CB sets record straight on NPP

The Central Bank on Tuesday said that the proposed National Payment Platform (NPP) or any other such payment platform should be regulated as done in other parts of the world.

Cargills June profit narrows over higher borrowing costs but top line resilient

Net profit of Cargills Ceylon PLC group fell 2.0 percent year-on-year (YoY) to Rs.751 million or Rs.3.35 a share during the April – June quarter (1Q18) due to higher finance costs stemming from fresh borrowings made and the rising interest rates, the interim financial accounts of the company showed.   

Expolanka Freight and Classic Travel named among GPTW 2017

Expolanka Freight [EFL] and Classic Travel have been listed as Great Places to Work in Sri Lanka this year. 

Oman Air CEO visits key destinations throughout airline’s network

The Chief Executive Officer of Oman Air, the national carrier of the Sultanate of Oman, has undertaken a series of high profile visits to Delhi, Zurich and Kuala Lumpur. 

Thimal Perera appointed new Deputy CEO of DFCC Bank

DFCC Bank PLC announced the appointment of Thimal Perera as the bank’s new Deputy CEO, with effect from 16 August 2017. 

Colombo ranked among top 5 most improved cities in the world

Sri Lanka’s latest development efforts have resulted in Colombo standing tall as one the top five most improved cities in the world according to a survey carried out by The Economist Group.

China’s CATIC-ENG hails A380 landing at BIA

Bandaranaike International Airport (BIA) runway witnessed its brand new outlook since its establishment thirty years ago. 

Softlogic 1Q net down but records strong top line growth

Diversified conglomerate Softlogic Holdings PLC saw its net profit falling 57.19 percent year-on-year (YoY) to Rs.43.58 million in the June quarter (1Q18), despite a resilient top line performance, due to  higher finance and administrative costs. 

Manufacturing and services sector activities expand in July

Sri Lanka’s manufacturing and services sector activities measured by Sri Lanka Purchasing Managers’ Index (PMI) expanded in the month of July, albeit at a slower rate, according to the Central Bank of Sri Lanka.

Competency framework for new public service culture

A competency framework was developed to be used for the public sector to define the skills, behaviors, and attitudes that officers need to perform in their roles effectively.

Union Assurance receives continuous recognitions for best HR practices

Union Assurance was continuously acknowledged for its best in class HR practices which contributed towards creating a people centric organization and a strategic alignment in support of organization’s overarching objectives. 

HSBC and IBM develop cognitive intelligence solution to digitise global trade

HSBC, the world’s leading trade finance bank, is working with IBM to develop a cognitive intelligence solutioncombining optical character recognition withadvanced roboticsto make global trade safer and more efficient for thousands of businesses.

Engage, not sell: Embracing the Millennial consumer

‘Millennials’, the generation born from the early 1980s to the early 2000s, are driving a major paradigm shift in the business-consumer relationship.

Central Bank views on National Payment Platform

In response to the news articles circulating on Total Pay and ICTA, the Central Bank of Sri Lanka (CBSL) wishes to clarify matters to the public and provide an accurate account of events which transpired regarding the National Payment Platform (NPP), in order to deliver a holistic understanding of the prevailing situation. 

Twenty years after the Asian Financial Crisis: What have we learned?

July marked 20 years since the Asian Financial Crisis. It’s appropriate to consider at this juncture why the crisis happened, and what we have learned about how countries can safeguard their economies from future shocks and deliver sustainable and inclusive growth.

Sri Lanka has talent, we need to capitalize on it: IronOne CEO

Daring to reach greater heights, for IronOne Technologies Co-Founder and CEO Lakmini Wijesundera, the sky is the limit for success. In a nutshell, her mantra for triumph is high risk, high return. 

Germany’s Most Innovative Kitchen Brand Is Now In Sri Lanka

The recent years have witnessed an increasing growth in the popularity of kitchen finishes. 2016 saw the partnership of two pillars in the global Kitchen Industry in order to meet the increasing demands

Thimal Perera appointed as new Deputy CEO of DFCC Bank

DFCC Bank PLC announced the appointment of Thimal Perera as the Bank’s new Deputy CEO, with effect from 16 August 2017. 

Lakshman Silva appointed as Chief Executive Officer of DFCC Bank PLC

DFCC Bank PLC announced the appointment of Lakshman Silva as the Bank’s new CEO, with effect from 16th August 2017.

Allianz Shaping the Football Stars of Tomorrow

The annual Allianz Junior Football Camp concluded recently in Bali, Indonesia with great fanfare. The four day programme is a much looked forward to event with exciting training sessions led by FC 

Super Bento Rush at Hilton Colombo’s IkoiTei!

On your mark set ready go…..that’s right the race is on!  15 Bento boxes for grabs each day from the 21st August till 2nd September, 12noon to 3pm.  A 

Dr. Saman Kelegama: Scholar, policy influencer and caring human being

The sad news of Dr. Saman Kelegama’s untimely death had shocked friends and academic collaborators across the world. At Manchester, as elsewhere, we feel the loss. Our condolences go out to all of his family and colleagues – we understand how deeply you will grieve.

Mobitel unveils the next tech revolution with ‘X Station’

Mobitel, the National Mobile Service Provider, proves yet again its credentials as the unrivaled leader of the country’s digital revolution by unveiling ‘X Station’, the first hi-tech Internet of Things (IoT) 

ACCA Global President visits CMA Sri Lanka

Global President of the Association of Chartered Certified Accountants (ACCA) Brian McEnery paid a courtesy call to the Institute of Certified Management Accountants (CMA) office in Sri Lanka recently. He was welcomed by the President of CMA Prof.  Lakshman  R. Watawala and the management team of CMA  Sri Lanka. McEnery, was accompanied by Nilusha Ranasinghe, Head of ACCA Sri Lanka, and several other officials from ACCA.

People’s Insurance head office moves to new premises

People’s Insurance Limited ; the insurance arm of People’s Bank and People’s Leasing & Finance Group re-located the headquarters at its modern office complex at Havelock Road, Colombo – 05.   People’s Bank Chairman Hemasiri Fernando was the Chief Guest at this occasion with the 

Union Bank introduces new mobile banking experience

Union Bank announced the launch of its mobile application with the aim to offer an easy, quick and convenient banking experience to its clients. 

Lakshman Silva appointed Chief Executive Officer of DFCC Bank

 DFCC Bank PLC announced the appointment of Lakshman Silva as the bank’s new CEO, with effect from August 16th.

Engage, Not Sell: Embracing the Millennial Consumer

Millennials,the generation born from the early 1980s to the early 2000s, are driving a major paradigm shift in the business-consumer relationship.Currently numbering 2.4 billion people according to the 

Amãna Bank rights issue infuses US$ 22 mn FDI to economy

Amãna Bank’s recently concluded 1 for 1 rights issue and brought in foreign direct investments valued at over US$ 22 million to the country. 

People’s Bank marks Int’l Youth Day with YES Savings account benefits

Commemorating International Youth Day, People’s Bank offers an attractive bundle of benefits to the Sri Lankan Youth through the YES Savings account.