Uber launches Snapchat custom filters in Sri Lanka

Uber, the ridesharing app that is redefining urban mobility across the world, began a phased roll-out of a unique integration with Snapchat in Sri Lanka, starting from last week. 

Laugfs Group and Microsoft talk maximizing IoT efficiency

Laugfs Holdings Limited, a diversified conglomerate known for downstream LPG-related activities, held discussions with Microsoft to promote digital architecture and internal IoT solutions recently in preparation for the group’s transition to app development, automation and analytics.

Virtusa announces 4Q and full Year 2017 consolidated financial results

Virtusa Corporation, a global business consulting and IT outsourcing company that accelerates business outcomes for its clients, reported consolidated financial results for thefourthquarter and fiscalyear ended March 31, 2017.

Sri Lanka: A country trapped in debt

China is investing billions of dollars in infrastructure and developments in Sri Lanka, but many local citizens feel the country is being sold to the Chinese.

The Sri Lankan economy needs a better bureaucracy, not just a better Cabinet of Ministers

If we thought of a government ministry as a self-driving car, a cabinet minister is akin to the one that gets into the front seat and punches in the intended destination. All the technology, the sensors, the navigation system that decides the best route and then makes a myriad of adjustments on the way to reach the destination safely and quickly– this is akin to the work of the bureaucracy. 

Lessons learnt from experiences are a powerful mode of learning

To be an effective leader in the 21st century you have to do a lot more than just deliver results (that much is expected). Effective leadership requires certain critical experiences to deliver clarity of thought, along with the ability to embrace differences and broaden observations to see beyond the obvious. 

Kelaniya University DMM and Nestlé Lanka enter MoU

The Department of Marketing Management (DMM) of the University of Kelaniya signed a memorandum of understanding (MoU) with Nestlé Lanka PLC and the official ceremony to exchange the MoU between the two parties was recently held at University of Kelaniya.  

Interbrand announces Breakthrough Brands of 2017

The world’s leading brand consultancy’s annual list looks at start-ups and early players in emerging markets like mobility tech, fintech, artificial intelligence (AI), future of work and more.

People’s Leasing Company reaches bicentennial branch opening phase

The leading non-bank finance company in Sri Lanka, People’s Leasing & Finance PLC, upgraded and relocated two of its branches in Mathugama and Aluthgama.

BOC relocates Kochchikade branch

The Bank of Ceylon (BOC) Kochchikade branch was relocated at No: 18, Chilaw Road, Kochchikade recently. 

Sampath Bank commemorates 30th anniversary with religious observances

Sampath Bank conducted a series of religious observances relating to all major faiths in the country to invoke divine blessings on the occasion of its 30th anniversary, which was celebrated in March.

What are biggest mistakes first-time investors make?

These days, getting involved in the stock market is just a few clicks away. But that doesn’t mean investing is made less risky for newcomers. New investors are expected to be vigilant when investing in the market when compared to seasoned investors. With this issue in mind, let’s discuss the common mistakes made by new investors.

Amâna Takaful’ stop achievers set to participate in the annual Million Dollar Round Table (MDRT)

11 top achievers from Amãna Takaful Life (ATL Life) were recently selected to attend the annual Million Dollar Round Table (MDRT) conference which is set to take place in Orlando, Florida from

SriLankan to operate direct daily flights to Melbourne from October

SriLankan Airlines, Sri Lanka’s national carrier and a member of the oneworld alliance, will be establishing its presence in Australia with daily non-stop services to Melbourne commencing October 29th this year. 

Aitken Spence doubles profit in March

Sri Lanka’s diversified conglomerate, Aitken Spence PLC, more than doubled its net profit for the quarter ended March 31, 207, (4Q17), amply helped by the re-commissioning of its thermal power plant and maritime operations, the interim financial accounts filed with the Colombo Stock Exchange showed.

Over 700 B2B meetings expected during top business and investment forum

Over 700 B2B meetings will take place between Sri Lankan and foreign businesses, who will take part in the ‘Sri Lanka Investment & Business Conclave 2017’, which will commence tomorrow, in Colombo. 

New port boosts Djibouti’s dream to be maritime hub

AFP: East Africa’s smallest country Djibouti took a step towards realising its dream of becoming a continental maritime cargo hub with the inauguration of its newest and largest port, recently.

Lankem group buys injection moulding firm

Lankem Ceylon PLC, which has interests in chemicals, paints, agri-inputs, consumer, packaging and leisure sectors said, it bought a company engaged in the business injection moulding, a manufacturing technology used to make a wide range of plastic products.

Microfinance practitioners seek policy support for sustainable industry

The industry association of the microfinance practitioners, Lanka Microfinance Practitioner’s Association (LMFPA), last week sought the assistance of policy makers and regulator to create a sustainable microfinance industry in the country. 

Dialog invites customers to contribute towards flood relief

Dialog Axiata extending its successful flood relief programme in 2016, where Dialog customers donated Rs. 15 million and Dialog added a further Rs. 50 million towards helping those affected by floods and landslides, invites yet again it’s valued subscribers to contribute towards helping our fellow Sri Lankans affected by the ongoing natural disaster. 

Abans launches Hugo Boss –first luxury brand to enter Sri Lanka

Abans Plc, a subsidiary of the prestigious Abans Group of Companies, has been announced as the authorized distributor for Hugo Boss, the first luxury brand to have retail presence in Sri Lanka.This milestone epitomizes Abans’ commitment towards introducing high-caliber, globally acclaimed brands that add quality, sophistication, and value to the lives of Sri Lankan consumers.

New Ashford International helps upgrade Sugathadasa Stadium

Earlier last month, the Sugathadasa National Sports Complex Authority made great strides in the development process of the Sugathadasa Stadium located in Colombo by partnering with New Ashford International (Pvt) Ltd, an enterprise specializing in the sales and service of material handling equipment, compressed air equipment and racking systems. 

Vista Advertising named creative partner for Bradby Fiesta

The Colombo leg of the Bradby Shield is extra special as a ‘carnival like’ atmosphere prevails at Reid Avenue as another edition of the Bradby Fiesta takes place on June 3rd.

Fonterra’s Rs. 2 bn investment creates sustainable impact across dairy value chain

Fonterra Brands Sri Lanka is seeing sustainable returns from its ten-year plan to build a thriving dairy industry and improve access to locally-made dairy products.

The dangers of pirated software

 Never has there been a greater time to be a pirate. Not since the days of ‘Black Sam’ bellamy has it been so lucrative either. The need to pillage and plunder, though, has shifted from the Caribbean Sea to the Internet. Gold coins and fine rum have given way to software discs and downloads, as software piracy has grown into a highly profitable venture. 

Virtusa Announces Fourth Quarter and Full Year 2017 Consolidated Financial Results

Virtusa Corporation( NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that accelerates business outcomes for its clients, reported consolidated financial results for 

Trump-Germany salvo raises EU-US trade fears

AFP: US President Donald Trump has launched a salvo against German car exports to the United States, officials confirmed yesterday, in the latest sign of simmering transatlantic trade tensions.

Rupee ends firmer on dollar selling by banks

REUTERS: The Sri Lankan rupee ended slightly higher yesterday as dollar selling by banks surpassed importer demand for the U.S. currency, traders said.

IMF sets tough new Ukraine loan demands

AFP: The International Monetary Fund said yesterday it will only release a new tranche payment to Ukraine once parliament approves a long-stalled pension system overhaul and land privatisation legislation.

Asian energy firms sink as OPEC output deal disappoints

AFP: Energy firms took a hit yesterday after crude prices plunged almost five percent the previous day as traders were left disappointed by OPEC’s latest output cuts.