Sampath Bank surpassed Rs 5 Bn mark in post-tax profit

Sampath Bankfurther extended its growth momentum in the 2nd quarter of the year and recorded apost-tax profit of Rs 5.7 Bn for the six months ended 30th June 2017.This registered an impressive 

Streamlining the tender process with eTenders.lk

Sri Lanka’s most comprehensive and accurate tender alert service, eTenders.lk, is ripping through red tape and greatly improving transparency in the tender issuing and procurement processes

CFA Sri Lanka Capital Market Awards recognize best in investment profession

The fifth annual CFA Sri Lanka Capital Market Awards 2017 was held at The Hilton Colombo recently, under the theme ‘Sharpen your investment edge’ with the objective of encouraging those in the investment profession locally to uphold the standards of best practice, excellence and financial market integrity.

NDB holds Investor Forum for 1H17

National Development Bank PLC (NDB) held an Investor Forum recently to present the financial performance for 1H 2017, at Galadari Colombo.

AIA Sri Lanka attends MDRT Annual Meeting

Thirty five MDRT members from AIA Sri Lanka participated in the recently held MDRT Annual Meeting held in Orlando, Florida, USA.

Amãna Bank launches programme for children’s saving account holders

Amãna Bank, pioneers of the non-interest-based banking model in Sri Lanka, has once again launched an attractive programme to all its children’s savings account holders and potential account holders, where everyone has an opportunity to receive exciting gifts as they grow their account balances.

Mastercard and PayPal expand partnership in Asia Pacific

Mastercard and PayPal announced an extension of their partnership into Asia Pacific to enhance the consumer experience and make Mastercard a clearpayment option within PayPal.

Cargills Bank introduces first-ever chip, PIN and contactless smart debit card in Sri Lanka

Cargills Bank proved its ability to deliver value in double quick time to its customers by making available the first-ever smart Mastercard debit card in the country with the chip, PIN, contactless and EMV-compliant technology. 

Twenty years after Asian financial crisis: What have we learned?

This month marks 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.

Why is India worried about China consolidating in Sri Lanka?

On Saturday, Sri Lanka finally signed a US $ 1.1 billion deal selling China a 70 percent stake in its strategic Hambantota port. The fact that the Chinese signatory, the state-run China Merchant Port Holdings, is a Hong Kong-based firm reminds not just of a similar 99-year lease that Chinese had signed in 1841 following their Opium War with Great Britain. A much closer example would be China’s recent 43-year lease for managing Pakistan Gwad

Singer Computer Academy holds inaugural graduation

The Singer Computer Academy, among the main academies of Singer Business School, backed by Sri Lanka’s most diversified company - the Singer Group, held its inaugural graduation recently. Students who completed their ‘Skills Proficiency Awards in Basic IT for Office Applications’ received the Skills Proficiency Certificate. 

ACL Cables once again wins Master Brand Status

Sri Lanka’s number-one cable manufacturer, ACL Cables PLC achieved the prestigious Master Brand status for 2017, conferred by Chief Marketing Officers (CMO) Asia in partnership with the World Marketing Congress.

Huawei marks Sri Lanka Cricket partnership with Cricket Promo Draw

Huawei, the leading smartphone brand in Sri Lanka has launched a Cricket Promo Raffle Draw to mark their successful partnership with Sri Lanka Cricket. 

Sujan International introduces range of soya products to SL market

Sujan International has introduced new soya products to the Sri Lankan market, ranging from strawberry soy protein milk, vanilla soy protein milk, soy protein coffee, soy protein faluda shakes and even one-minute soy oat sesame breakfasts, a healthy convenient option for all ages.

Dimo Academy for Technical Skills holds graduation 2017

The 26th graduation ceremony of the Dimo Academy for Technical Skills (DATS) was held recently at the auditorium of the company’s state of the art Mercedes-Benz Centre;  Dimo 800.

Isura Sirisena launches SL’s first free corporate secretarial advice portal

Internationally acclaimed Chartered Corporate Secretary Isura Sirisena recently launched Sri Lanka’s first-ever online portal for free corporate secretarial advice. 

Pro Food / Pro Pack and Agbiz exhibition opens today

Pro Food / Pro Pack and Agbiz exhibition, Sri Lanka’s largest food, packaging and agriculture expo will be held from 4th - 6th August for the 16th consecutive year at the Sirimavo Bandaranaike Memorial Exhibition Hall.

EFC offers labour relation expertise via regional chambers

Under the EFC- Regional Expansion Project, which is part of the ILO Bureau for Employers’ Activities - ACT EMP work plan for the EFC for 2017,a series of training programmes was recently conducted at the Galle and Matara district chambers of commerce and industries, and the Industrial Services Bureau of Kurunegala.

Emerald International partners CIM Sri Lanka

The Chartered Institute of Marketing (CIM) Sri Lanka entered into its second year of  corporate partnership with Emerald International (Pvt.) Limited, one of the leading menswear brands in Sri Lanka, to further strengthen the knowledge and expertise of marketing in men’s fashion. 

Eran tells Singaporean SMEs to seize investment opportunities here

A powerful 35-member group of small and medium entrepreneurs from Singapore called on the   State Minister of Finance Eran Wickramaratne at the Finance Ministry recently to discuss the growing opportunities for direct investment in Sri Lanka.

Durdans set to reposition brand and restrategize vision

Sri Lanka’s first healthcare institution to be endorsed with a Gold Seal of Approval by leading accreditation entity Joint Commission International announced it is stepping into new horizons with the repositioning of its corporate brand, culture, mindset and approach to transform the landscape of healthcare in the country.

Lanka Bell customers can now channel Doctors through Doc990 service

From left: Lanka Bell Limited Systems Integration Manager Pujitha Jayaweera, Lanka Bell Limited Information Communication Technology General Manager Ajantha Peiris, Digital Health Pvt. Ltd Chief Executive Officer Apsara Wijayawardena, Digital Health Pvt. Ltd Strategy Head Chulani Rathnayake and Digital Health Pvt. Ltd Account Manager Malishini Punchihewa

Top honours for Dr. Ramya De Silva from Royal College of Paediatrics

Dr. Ramya De Silva, Senior Consultant Paediatrician has been elected to Honorary Fellowship of the Royal College of Paediatrics and Child Health in recognition of outstanding contribution to children at their 21st anniversary celebrations held at International Conference Centre, Birmingham, UK recently.

Golden Key Hospital celebrates 10 years of Eye and ENT care

The Golden Key Hospital celebrates its 10th anniversary in August 2017, marking a decade in which it performed more than 40,000 cataract and other eye surgeries and over 5000 ENT surgeries.

Pan Asia Bank appoints Aravinda Perera to director board

Senior banker Aravinda Perera has been appointed to the director board of Pan Asia Banking Corporation PLC with effect from August 3, 2017 in the capacity of Non Executive Director, the bank informed the Colombo bourse yesterday.

Exporters express concern over govt.’s move to remove cess on imports

The National Chamber of Exporters of Sri Lanka (NCE), which exclusively serves and represents Sri Lankan exporters, yesterday expressed dismay over the apparent move by the government to remove cess on imported products hitherto imposed as a protective measure for local enterprises.  

Shares hit more than 13-week closing low

REUTERS: Sri Lankan shares fell for a sixth straight session yesterday, their lowest close in more than 13 weeks, led by losses in hotels and diversified stocks.

Rupee closes higher on exporter dollar sales

REUTERS:  The Sri Lankan rupee ended firmer yesterday, erasing early losses as the exporter greenback sales surpassed importer demand for the U.S. currency, while investors largely shrugged off a Central Bank monetary policy decision, dealers said.

Odel June profit up 21% on strong sales

Odel PLC, up-market fashion and lifestyle retailer reported earnings of 16 cents a share or Rs.43.1 million for the April – June quarter, up 21 percent from a year ago supported by strong sales and other incomes, the interim financial accounts released to the Colombo bourse showed. 

Policy rates to remain steady this year despite IMF calls: Governor

Sri Lanka’s key policy interest rates are unlikely to change for the rest of this year despite calls from the International Monetary Fund to tighten the rates further, according to Central Bank Governor Dr.Indrajit Coomaraswamy said.