NDB payments and settlements process recognised by Deutsche Bank New York

NDB Bank’s payments and settlements process which is one of the best in the market has won international recognition for quality, timeliness and straight through processing of international payments effected.

Commercial Credit among Business Today’s Top 30

Commercial Credit and Finance PLC, one of Sri Lanka’s premier financial services organisations was presented the prestigious Business Today Top 30 award for the year 2016/2017.

ComBank shares knowledge with Achchuveli’s micro entrepreneurs

Commercial Bank’s Achchuveli branch and the bank’s Development Credit Department (DCD), recently conducted a seminar in collaboration with the Central Bank of Sri Lanka, for 162 micro entrepreneurs in the Achchuveli area, one of the major centres of agriculture in the Jaffna peninsula.

Strong foreign inflows to govt. securities, stocks continue

Despite the slower than expected improvement in the current account, the financial account of the balance of payment (BOP) was strengthened during the month of September with continuous foreign inflows, the Central Bank said.

The Factory Outlets re-opens Mount Lavinia branch

The brand new view visible while going past Mount Lavinia in Galle road right now is so inviting, The Factory Outlet (TFO) unveiled a brand new shopping experience with the re-opening of its Mount Lavinia Branch.

Nolimit founder awarded ‘Passionate 2017’ for reshaping local fashion industry

N.L.M. Mubarack, the founder of the leading fashion retail chain in Sri Lanka ‘Nolimit’, was among the 13 individuals selected by Business Today magazine and recognized as ‘Passionate’.

JASTECA-JK Agencies to launch programme for garment industry

JASTECA Institute of Management in collaboration with JK Agencies (Pvt.) Ltd announces its annual programme titled ‘Juki Production Management Programme for the Garment Industry’.

Performances of regional plantation companies: Facts or fiction?

Sri Lanka’s plantations industry contributes almost 2 percent of gross domestic product (GDP). 

Helavation to launch first augmented reality enabled clothing for children

Helavation, the innovation arm of leading Sri Lanka-based global apparel manufacturer, Hela Clothing, recently announced the launch of its first augmented reality enabled clothing for children.

Roads or schools: A critical trade-off

Roads or schools? It’s a question akin to the ‘guns or butter’ choice that governments around the world confronted in the 20th century: How to spend a nation’s finite resources to produce the maximum benefit for its people.

Aitken Spence wins ‘Best Corporate Citizen Sustainability Award 2017’

Diversified conglomerate Aitken Spence PLC won the coveted ‘Best Corporate Citizen Sustainability Award 2017’ at the annual event organized by the Ceylon Chamber of Commerce, to recognize sustainable champions of the local corporate world, while Hatton National Bank PLC and Cargills (Ceylon) PLC became the first and second runner up of the competition, respectively.

Govt. urged not to sell prime property in Colombo to highest bidder

The Sri Lankan government should stop selling land in Colombo to the highest bidder, and instead learn from the Berlin experience on holistic urban development, a German real estate and urban development expert told a forum in Colombo, this week.

Poor teacher recruitment policies hamper academic performance of govt. schools: IPS

Sri Lanka’s free education system that is expected to be the foundation in bridging the expanding talent dearth is far from reaching its goal due to poor teacher recruitment policies set and executed by the government, an in-depth research by a leading economic think-tank revealed.

LVL Energy Fund IPO price shows discount to valuations

The multiple valuations of LVL Energy Fund Limited shows its shares are going to be issued at a discount at the upcoming Initial Public Offer (IPO) demonstrating the company has more intrinsic value than what the issue price denotes.  

LB Finance to raise Rs.3bn via listed debentures

Non-bank lender LB Finance PLC yesterday revealed plans to raise up to Rs.3 billion through a debenture issue.

President against shipping industry liberalisation: minister

Ports and Shipping Minister Mahinda Samarasinghe yesterday told Parliament that President Maithripala Sirisena and the Sri Lanka Freedom Party (SLFP) strongly oppose the move to liberalise the shipping and freight forwarding industries, which was proposed in the Budget 2018.

Sri Lankan Economic and Investment Conclave 2017 kicks off

Minister of Megapolis and Western Development Patali Champika Ranawaka said that the government is encouraging genuine and serious investors to come and invest in the country’s infrastructure projects whilst strengthening Public Private Partnerships. 

Sri Lanka receives EUR 19mn soft loan from Austria

The Austrian government will step up its assistance to Sri Lanka, by providing EUR 19.35 million (Rs 3, 546 million) interest free soft loan to upgrade the Katunayaka Engineering Technology Institute and to obtain 100 ambulances for government hospitals in the country.

IFC, partners promote corporate governance in Lankan family-owned businesses

 IFC, a member of the World Bank Group, along with the Sri Lanka Institute of Directors (SLID) and the Colombo Stock Exchange (CSE), are collaborating on workshops that promote good corporate governance and family business practices to improve the long-term sustainability of family-owned businesses in Sri Lanka.

Lankan consumers keen to adopt digital payment solutions: Survey

Visa, the world’s leader in digital payments technology, announced an independent study, conducted in collaboration with YouGov, which measure the consumer sentiment around digital payments in Sri Lanka. 

Rainco Mosquito Proof Nets Bags Silver Award

Spearheaded to be a brand of choice within Sri Lankan consumers, enabling them for a natural, healthy and a peaceful sleep, Rainco 

Hela Clothing Launches Pioneering Augmented Reality T-shirt and Game for Tesco

Helavation, the innovation arm of leading Sri Lankan-based global apparel manufacturer, Hela Clothing, today announced the launch

Fashion Bug ‘Serenades’ fashionistas for the Season

Fashion Bug, Sri Lanka’s leading fashion destination, dazzled the audience as they unveiled this year’s seasonal collection at Serenade,

Big Data Enthusiasts Meet at Virtusa

The latest Colombo Big Data Meetup took place recently at Virtusa. Gathered at this quarterly event were big data enthusiasts from academia

OPPO launches new TVC for F5 to ‘capture the real you’

OPPO the global smartphone brand recently launched the OPPO F5 ‘capture the real you’  selfie camera phone. 

Yasas Abeywickrama elected SEARCC President

President of the Computer Society of Sri Lanka Yasas V. Abeywickrama has been elected as the President of the South East Asia Regional Computer Confederation (SEARCC).

CAMMS wins Gold for project management solution

Global Enterprise Performance Management (EPM) software vendor  CAMMS won a Gold award for its project management solution, CAMMS project, at the 19thannual NBQSA ceremony held in Colombo. 

SLTDA moves to online licensing/registration system

In an effort to pull in the rapidly expanding informal hospitality sector under the regulatory purview, the Sri Lanka Tourism Development Authority (SLTDA) has moved towards fully automating the licensing and registration process.

Vivo set to make waves in Sri Lanka

Vivo, the international mobile phone maker ranked among the world’s top five mobile brands is entering Sri Lanka with its portfolio of next generation devices designed to serve the youth demographic. 

Dialog introduces all new iPhone 8 and 8 Plus to Sri Lanka

The wait is finally over. Dialog, the authorised reseller and partner network for Apple has introduced the all new iPhone 8 and 8 Plus, available at all customer care centres island wide.