iflix Sri Lanka opens new office in Colombo

iflix, the world’s leading entertainment service for emerging markets, opened the doors to its new office in Colombo last week, giving further impetus to its rapid expansion into the hands and hearts of Sri Lankans island-wide.

SLT September net profit halves on higher depreciation, operating costs

Sri Lanka Telecom PLC (SLT) net profit halved for the third quarter of 2017, which ended this September (3Q17), compared to the corresponding period in 2016, as higher depreciation, operating costs and flat revenue ate into the group’s profitability.

Shares edge down; traders await fresh cues

REUTERS: Sri Lankan shares ended marginally lower yesterday, with traders staying on the sidelines for want of fresh triggers amid expectations of certain amendments in the budget.

Global Enterprise Network now open for Sri Lankans

To help startups and SMEs in Sri Lanka to accelerate growth and make an impact, Rainbow Institute launched training on entrepreneurship on November 13th, and marked the first event on the first day of Global Entrepreneurship Week in Sri Lanka - #GEW2017.

Once bitten, twice shy!

Despite the repeated assurances by the authorities that there was no fuel shortage, people flocked to fuel stations in Colombo and the suburbs yesterday, reminding the adage ‘once bitten, twice shy’. 

Nuzreth Jalaldeen appointed Executive Director of AmCham

The American Chamber of Commerce in Sri Lanka has appointed Nuzreth Jalaldeen as its new Executive Director with effect from November 2017.

MBSL wins International Europe Award for Quality 2017

Confirming the international quality standards of its offerings, Sri Lanka’s homegrown financial services provider, Merchant Bank of Sri Lanka and Finance PLC (MBSL) won the prestigious International Europe Award for Quality 2017, at the Global Trade Leaders´ Club, held recently at a glittering ceremony in Paris, France.

Amana Bank introduces instant SMS alerts

Amana Bank in line with its ongoing digital focus has launched instant SMS alerts on key banking transactions to keep customers updated as and when they occur.

Anantaya Resort and Spa Passikudah’s Prabod Gandhi wins Mixology Competition

Demonstrating the resort’s affinity towards finer things in life and the skilled staff that it employs, one of Anantaya Resort and Spa Passikudah’s star mixologists, Welu Kadiragamu Prabod Gandhi triumphed over 15 other mixologists to win the 25th National Mixology Championship organized by Free Lanka Trading.

Aitken Spence Travels partners TUI to bring 12 charter flights from UK

Aitken Spence Travels is attracting the only charter flight operation from the UK to Sri Lanka this season, with 12 flights scheduled to land from November 14th, 2017 to April 30th, 2018.

Pan Asia Bank accoladed at 17th SLIM NASCO awards

Pan Asia Bank Consumer Assets Sales Manager Sithira Gamwarige and Consumer Loan Sales Executive Amila Fernando won the Gold and Silver awards for Territory Manager and Executive Grade categories respectively  under the Banking Category at the recently held the 17th SLIM NASCO awards ceremony.

MHRIL and Ideal Resorts bring Club Mahindra to Sri Lanka

Mahindra Holidays and Resorts India Limited (MHRIL), the leisure and hospitality arm of the Mahindra Group, a US$ 19 billion multinational group based in Mumbai, India. Mahindra Holidays is the largest vacation ownership company, outside of the USA, and offers quality family holidays to its members. 

We are our own worst enemies

The job of the CISO and the security staff never stops. The security lifecycle requires constant attention through monitoring and analysis, responding to threats, and improving policies and 

Airtel partners Google for online purchasing in Sri Lanka

For the first time in Sri Lanka customers will be  able to purchase apps and other digital content through their Airtel recharges or reloads launching with Google Play.

Amãna Takaful celebrates World Fisheries Day

Amãna Takaful (ATL) recently celebrated World Fisheries Day, which fell on November 21st, by highlighting the benefits of its ‘Samudra Shakthi’ insurance 

Amãna Bank introduces Instant SMS Alerts.

Amana Bank in line with its ongoing digital focus has launched instant SMS Alerts on key banking transactions to keep customers updated as and when they occur.

Allianz Lanka Keeps Up Impressive Growth Momentum through 3Q, 2017

Allianz Lanka continued to maintain its impressive performance across its general and life businesses through the 9 months ended 30thSeptember, 2017.

Prepare to invest in stock market

It’s important to know what you want to accomplish with your investments before you actually invest in the stock market. For example, you might want to invest in the market with the aim of purchasing a home, fund a child’s college education or build an adequate retirement nest egg. If you set the 

If you want to survive in cold and hostile business ocean, look out for icebergs

Most senior managers want changes in structures, systems, processes, procedures and so on to happen quickly, so that the benefits of the change to the organisation can be obtained as soon as possible.

Miththapala to speak at Zagreb Tourism Congress

Past Hotels’ Association of Sri Lanka President Srilal Miththapala has been invited to be the guest speaker at the jubilee celebrations of the Association of Employers in Croatian Hospitality, on November 23 and 24, in Zagreb, to be held at Sheraton Zagreb Hotel.

SLCB conducts MICE promos in China, S’pore, India

The Sri Lanka Convention Bureau (SLCB) is aggressively promoting meetings, incentives, conferencing, exhibitions (MICE) tourism to Sri Lanka with its back-to-back MICE promotions and trade fair participation in China, Singapore and India.

SLITHM ties up with Toastmasters International

In a move that would further raise its profile, the SLITHM has teamed up with Toastmasters International to enable its students to develop speech craft and presentation skills. 

SLITHM looks to raise hospitality training to world-class standards

The tourism authorities are working towards uplifting Sri Lanka’s hospitality training to world-class standards through collaborations with foreign institutions.

Booming informal accommodation sector: Bane or boon of Sri Lanka’s tourism?

The end of the civil conflict in 2009 resulted in significant developments in Sri Lanka’s tourism industry. The immediate aftermath saw a short-term, unprecedented twofold growth of tourist arrivals from 438,475 in 2008 to 1,005,605 in 2012, surpassing the milestone of a ‘one million tourist destination’.

ComBank engages in knowledge sharing with Kilinochchi farmers

The on-going initiative of Commercial Bank of Ceylon to develop entrepreneurship in the Micro and SME sectors has benefitted the farmers of Kilinochchi by empowering them with information on best practices that make paddy cultivation profitable. 

INAP 19th symposium concludes on high note

The 19th symposium on International Network of Affiliated Ports (INAP) under the theme, ‘Maritime Co-operation and Economic Prosperity through INAP’ was successfully completed at the Kingsbury Hotel Colombo.

Why liberalise an already liberalised industry?

Numerous pro liberalization articles were of the view that liberalization of the shipping sector would help Sri Lanka become a maritime hub.

Advantis Projects provides solution for power plant relocation to Sudan

Advantis Projects, the project logistics arm of Hayleys Advantis Group, recently relocated the 24MW Lakdhanavai power plant from Sapugaskanda to Nyala, Sudan, a region that has been without electricity for four months.

Walkers hands over ‘Fat Lady’ to Sanken Overseas Maldives

Walkers Colombo Shipyard (Pvt.) Ltd, a subsidiary of MTD Walkers PLC, has successfully completed the construction of ‘Fat Lady’, a landing craft designed and constructed for Sanken Overseas Maldives (Pvt.) Ltd.

NTB holds Sri Lanka’s first Fintech Hackathon

The Kaffeine Lab, Nations Trust Bank’s (NTB) innovation centre on Gregory’s Road, came alive recently as the bank hosted the first Fintech Hackathon in the country.