Sri Lankans urged to take sanitation seriously

In March, the Ministry of City Planning & Water Supply together with Harpic launched The ‘Harpic Suwa Jana Meheyuma; Mission Wellbeing’, in collaboration with the Ministry to support elevate the status of hygiene across these identified households in Sri Lanka. 

ABB to collaborate with Lankan universities to train engineers

ABB Sri Lanka formalized an engagement with the Universities of Moratuwa, Ruhuna and Peradeniya recently for software capacity building that will develop the next generation of electrical engineers for this country. 

ComBank’s ‘Paymaster’ pays out record Rs.11.6bn in three days

More than 2,500 institutions paid out Rs.11.6 billion in early salaries and bonuses over just three days in April 2017 via ‘Paymaster’ – the sophisticated bulk payments platform of Commercial Bank of Ceylon.

E-tel launches smartest smartphone

Smart has become a lot smarter in a new mobile phone launched by E-tel in Sri Lanka to cater to the ever-increasing expectations from smartphones. 

The KISS principle

Well, all of you might know what a KISS is? Most of you might know how to KISS. Nonetheless I am not talking about that particular KISS but the KISS principle. 

A woman and her two children walk past a line of Mercedes-Benz cars

A woman and her two children walk past a line of Mercedes-Benz cars during the annual Mercedes-Benz pageant in Colombo this Sunday 

GlaxoSmithKline top official meets Health Minister

South Asia Head of GlaxoSmithKline Consumer Healthcare, Manoj Kumar called on the Health, 

Economic benefits of waste management

With the rapidly increasing urbanization and higher purchasing power to consume more, every country in the world has to face the ever increasing problem of garbage disposal. 

SDB Bank opens 91st branch in Bandarawela

SDB Bank (Sanasa Development Bank PLC), celebrating its 20th anniversary as the pioneer bank to contribute the development of Sri Lankan rural economy, opens its 91st branch in Bandarawela yesterday, denoting yet another juncture of its successful journey.

JKH calls applications for second John Keells X Open Innovation Challenge

Sri Lankan entrepreneurship is geared to hit the fast-track at the second annual John Keells X Open Innovation Challenge 2017,as teams of aspiring innovators and inventors compete for a chance to win entry into a six-month accelerator programme at JKH that offers Rs. 2 million in seed investment, a curated growth oriented curriculum, office space in Colombo, access to legal, finance and secretarial expertise, access to mentors involving senior JK

LOSEC conducts capital market, mobile app awareness workshop for SLIIT students

LOLC Securities Limited (LOSEC), the stockbroking company of the diversified conglomerate, the LOLC group, recently conducted a workshop on capital market and mobile app awareness. 

SAP momentum continues with soaring 1Q growth

New cloud bookings surged 49 percent (44 percent at constant currencies) in the first quarter and reached €215 million. IFRS cloud subscriptions and support revenue grew 34 percent year-over-year to €905 million. 

Chena Huts by Uga Escapes recognized by Condé Nast Traveler’s 2017 Hot List

Condé Nast Traveler has announced the winners of its 2017 Hot List with Chena Huts by Uga Escapes recognized as one of the selected winners in Condé Nast Traveler’s 2017 Hot List. 

Mastercard partners with Singapore’s Changi Airport, Takashimaya Shopping Centre

Mastercard announced that it is now the preferred card partner for the number one airport in the world, Changi Airport (CAG), as well as leading shopping destination in Singapore, Takashimaya Shopping Centre. 

SriLankan Airlines bags gold at Golden City Gate Awards 2017

Sri Lanka’s national carrier and oneworld member airline, SriLankan Airlines won a Gold Award for its destination video ‘Epic Journey of Sri Lanka on SriLankan Airlines’ at the Golden City Gate Awards Ceremony at ITB Berlin recently.

SLI supports Buddha Rashmi celebrations

Sri Lanka Insurance has come forward to support the Buddha Rashmi Jathika Vesak Mangalya 2017, organized by the Gangarama Temple in Hunupitiya, Colombo 2 and the Prime Minister’s Office. 

Dr. Damian Fernando takes over reins as NKAR Travels COO

Tourism economist Dr. Damian Fernando has been appointed as the new Chief Operating Officer of NKAR Travels & Tours (Pvt) Ltd to lead its Inbound Department, replacing the former COO- Ravi Subramaniam.

BOC 18 Plus scholarship awards empower 198 A/L highflyers

BOC 18 Plus, the premier youth savings account in the country, for the 12th consecutive year, awarded ‘18 plus scholarships for eligible account holders currently studying in state universities, in recognition of their achievements in the 2014/2015 Advanced Level examination. 

Guru.lk contributes to prepare schools for digital learning

Guru.lk, Sri Lanka’s leading eLearning portal, has announced the completion of a multi-stakeholder initiative to convert 65 schools in the Western Province into ‘Smart Schools’ capable of deploying digital learning protocols.

Emerging trends in foreign direct investment

Lack of foreign direct investment (FDI) is highlighted as a major cause of the slow pace of development in the capital-starved Sri Lankan economy. 

Emirates wins big at Business Traveller Awards

Emirates’ focus on meeting and exceeding customer expectations both in the air and on the ground were recognized recently with four accolades at the ‎Business Traveller Middle East 2017 Awards. At a ceremony attended by key travel industry executives, Emirates was crowned ‘Best Airline Worldwide’. It was also named ‘Airline with the Best First Class’, ‘Airline with the Best First Class Lounge’ and &ls

CAN Foundation calls for attitudinal change for conscious waste management at home

Being the pivotal hub of political, economical and commercial activities in the country, Colombo draws hundreds and thousands of individuals every day. 

Gulf Air on track for first Boeing 787-9 Dreamliner delivery

Gulf Air, the Kingdom of Bahrain’s national carrier, is gearing up for the arrival of the airline’s first Boeing 787-9 Dreamliner aircraft which will be delivered to Gulf Air in April 2018 and will operate the airline’s long haul routes, gradually replacing its Airbus A330s. 

KPMG to host trade and customs seminar

KPMG will host a seminar on “Customs Valuation, 2017 Amendments to H.S Codes and Foreign Exchange Impact on International Trade” on May 19th at the Movenpick Hotel, Colombo 3, from 9.00 a.m. to 12.15 p.m. 

Oman Air reveals Annual Financial Report for year 2016

Oman Air has recently published its annual report for 2016 that reflects the accomplishments achieved by the company, in addition to the outstanding efforts and the successful approach towards the development of all aspects of its operations in order to continue the company’s growth and successes. 

Tightening margins weigh down on LB Finance’s March profit; but full-year net up 5%

LB Finance PLC, a licensed finance company that mainly engages in three-wheeler and two-wheeler leasing, saw its margins negatively affected during its March quarter as the rates on such leases climbed substantially.

Flood-hit borrowers get 3-month moratorium on loans; penal interest waived

The Central Bank has instructed all banks to grant a moratorium on loans obtained by the borrowers hit by the floods and adverse weather conditions in a bid to provide some relief until they get back on their feet, Mirror Business learns. 

Central Bank, IFC partner to promote sustainable and inclusive finance

IFC, a member of the World Bank Group, has signed a Memorandum of Understanding (MoU) with the Central Bank of Sri Lanka (CBSL) to enhance and develop environmental and social risk 

Sri Lanka appoints lead managers for up to US$1.5bn sovereign bond

Sri Lanka has appointed seven lead managers for a sovereign bond worth up to US$1.5 billion and could tap the capital market as soon as next month, a source close to the deal said this week.

Asia markets retreat after strong week, eye on US data

AFP: Asian investors yesterday wound down after a strong week, with profit-taking weighing on markets and attention turning to the release of US growth data later in the day.