DFCC Bank relaunches ‘Vardhana Junior’ children’s savings account

DFCC Bank re-launched ‘Vardhana Junior’ recently to strengthen its position as one of the leading minor savings products in the country, adding special features such as an array of valuable gifts, to inspire children to save for their future.  The wide range of gifts offered by Vardhana Junior makes it an attractive children’s savings product in the market today.

Softlogic Finance opens newly relocated Senkadagala branch

Leading Sri Lankan financial services provider, Softlogic Finance announcer the opening of its newly relocated Senkadagala branch. 

Mastercard launches several new APIs for developers

To meet the growing business demand for consistent, seamless and secure commerce, Mastercard Developers has released several new APIs to supply financial institutions, merchants and digital solutions providers with the tools they need to enable payments on new platforms.

Pan Asia Bank wins big at LankaPay Technovation Awards

Pan Asia bank bagged two awards at the recently concluded Lankapay Technovation Awards 2017. 

NDB mobile banking app recognized at LankaPay Technnovation Awards

  NDB was crowned Runner Up for the ‘Best Mobile Payment Application of the Year’ at the LankaPay Technnovation Awards 2017.

SLIBFI Conference to mark twenty years of Islamic Finance in Sri Lanka

  The completion of 20 years of Islamic Finance is undoubtedly a significant milestone in the annals of the IBF industry in Sri Lanka. Launched, albeit on an informal basis, in 1997, the initial stakeholders were faced with obstacles that many would deem insurmountable.

Lanka Hospitals IVF Centre sets industry records

The internationally accredited, multi award-winning Lanka Hospitals Colombo awaits the imminent announcement of its millennial IVF (In Vitro Fertilization - commonly known as test-tube) baby delivery. 

Healthy Life Clinic conducts free seminar on osteoporosis

Leading primary healthcare facility, Healthy Life Clinic, together with the global natural healthcare specialists, Natures Only, hosted an osteoporosis awareness campaign recently at the premises of Healthy Life Clinic in Colombo 3. 

Big pharma turns to AI to speed drug discovery, GSK signs deal

REUTERS: The world’s leading drug companies are turning to artificial intelligence (AI) to improve the hit-and-miss business of finding new medicines, with GlaxoSmithKline (GSK) unveiling a new US $ 43 million deal in the field on Sunday.

April private sector credit dips as tightening measures take effect

Sri Lanka’s private credit slumped in the month of April to the great relief of the country’s Central Bank, as the rate hikes by the monetary authority in the past 16 months appeared to have yielded results. 

Lanka Hospitals IVF Centre sets industry records

The internationally accredited, multi award-winning Lanka Hospitals Colombo awaits the imminent announcement of its millennial IVF(In Vitro Fertilization - commonly known as test-tube) baby delivery. 

HSBC celebrates 125 years of banking in Sri Lanka

HSBC Sri Lanka celebrated a milestone 125 years of banking in the country on July 1, having commenced its operations in the country in 1892, just 27 years after its first offices were established in Hong Kong and Shanghai.

Japanese exporters request for early warning of tax changes

A group of Japanese industrialists requested Finance and Mass Media Minister Mangala Samaraweera to give them a fair warning before implementing the new tax system, in order to reduce exports risks.

Shares end near 18-mth high

REUTERS: Sri Lankan stocks posted marginal gains yesterday and ended near an 18-month high hit last week as telecom shares rose, while foreign investors continued to buy the island nation’s risky assets. Concerns over a proposed tax bill however weighed on overall investor sentiment, analysts said. 

Rupee ends down on importer dollar demand

REUTERS: The Sri Lankan rupee ended weaker yesterday as importer dollar demand outpaced greenback sales by exporters and banks, dealers said.

Amãna Bank receives shareholder endorsement for Rights Issue

The shareholders of Amãna Bank unanimously passed the resolution to increase the Bank’s stated capital by way of a Rights Issue at the Extraordinary General Meeting held yesterday 

Amãna Bank receives shareholder nod for rights issue

The shareholders of Amãna Bank unanimously passed the resolution to increase the bank’s stated capital by way of a rights Issue at the Extraordinary General Meeting held yesterday. 

Billionaire Saudi Prince Alwaleed Bin Talal in town

A special meeting was held between Prince Alwaleed Bin Talal Abdulaziz Al Saud of Saudi Arabia and Foreign Minister Ravi Karunanayake yesterday afternoon. 

Preethi Jayawardena takes over SLID’s helm

The Sri Lanka Institute of Directors (SLID) held its Annual Membership Meeting (AMM) recently with over 85 members present at this momentous evening when the leadership of the institute changed hands. 

Nestomalt presents third car to ‘Ran Ratha Wasana’ winner

Nestomalt, Sri Lanka’s leading beverage brand for over five decades, announced the third lucky winner of its ‘Ran Ratha Wasana’ raffle draw, B.W.C.K. Jayasekara from Madawella, Haguranketha.  The campaign has already attracted over 200,000 entries, from which five lucky winners win brand-new Kia Picanto cars. 

Laugfs Lubricants CEO wins People Leader Award

Demonstrating the inspirational leadership strength of Laugfs, Laugfs Lubricants CEO Niroshan J. Pieries clinched the prestigious IPM People Leader Award 2017 in the marketing category at the recently held IPM National  HR conference. 

Represent your corporate at national Mercantile eSports event

For the second consecutive year, Gamer.LK is bringing the thrill of competitive video gaming to your workplace with the Mercantile eSports Championship – powered by Dialog Gaming. 

Mastercard Launches Several New APIs for Developers

To meet the growing business demand for consistent, seamless and secure commerce, Mastercard Developers has releasedseveral new APIs to supplyfinancial institutions

DFCC Bank relaunches ‘Vardhana Junior’ children’s savings account

DFCC Bank re-launched “Vardhana Junior” recently to strengthen its position as one of the leading minor savings products in the country, adding special features such as an exciting array of valuable 

Blue Mountain Apartments breaks ground for ‘Avalon’ in Colombo 5

Blue Mountain Apartments recently held the ground-breaking ceremony to commence construction of ‘Avalon’, an affordable luxury apartment complex with 18 units, located in Somadevi Place, Colombo

‘Suncity@116’ – The pride of Moratuwa

A prominent presence in the construction industry for over two decades, Suncity Property Developers proudly launches ‘Suncity@116’, a luxury apartment project in Moratuwa at 116, Rawatawatta Road

Govt. to sneak in capital gains tax under new Inland Revenue Bill

The highly controversial capital gains tax, which was put on the back burner for little over a year, is now making a comeback as part of the new Inland Revenue Bill, as the cash-strapped coalition regime, burdened with massive debts, attempts to shore up its revenues.   

Rupee edges down on importer dollar demand

REUTERS: The Sri Lankan rupee ended weaker yesterday as late importer dollar demand surpassed sales of the greenback by exporters and banks earlier in the session, dealers said.

Shares slip from 18-month high; John Keells drags

REUTERS: Sri Lankan stocks ended slightly weaker yesterday, down from an 18-month high hit in the previous session, as investors sold blue chip shares such as John Keells Holdings PLC, brokers said. Analysts said concerns over a proposed tax bill weighed on overall investor sentiment. But foreign investors continued to snap up the island nation’s risky assets.

Another minister dumbfounded by SL’s peculiar booze laws

Hot on the heels of Finance and Media Minister Mangala Samaraweera calling for the restrictions on the sale of alcohol on certain days to be liberalized, Finance State Minister Eran Wickramaratne said he was stunned to find out that women cannot legally purchase liquor in Sri Lanka.