US investor community hears a strong case for Sri Lanka in New York

The Invest Sri Lanka Investor Forum organised by the Colombo Stock Exchange (CSE) and Securities and Exchange Commission of Sri Lanka (SEC) in association with the CSE member firms, listed companies and supported by Asia Securities (event sponsor) and the Oxford Business Group 

Edotco brings ‘smart city’ telecom infrastructure solutions to Sri Lanka

Edotco Group Sdn Bhd, a global leader in integrated telecommunications infrastructure services, announced that they have begun work on the installation of the first neutral host poles and power solutions in Sri Lanka.

Insights and Analytics app wins at Mitra Innovation’s inaugural hackathon

Mitra Innovation, a Sri Lankan and UK based software engineering company held its first ever internal hackathon, called Hack’ed, and Team ‘Alfred’ powered its way through to first place recently. 

Top Lankan talent owns stage at Fonterra Infinity Awards Night 2017

More than 600 Fonterra Brands Sri Lanka employees came together this month to celebrate the dairy co-operative’s diversity and depth of talent at the inaugural Fonterra Infinity Awards Night 2017, which recognised the company’s inspiring leaders and top performers.

PLC Group Head of HR Uresh Jayasekara conferred with Asia’s HR Leadership award

Sri Lanka’s non-bank finance sector market leader People’s Leasing & Finance PLC’s Human Resources Group Head Uresh Jayasekara was conferred with ‘HR Leadership Award’ at the eighth edition of ‘The Asia’s Best Employer Brand 2017 Awards’ ceremony held at Le Meridian Sentosa hotel in Singapore.

Rising oil prices deter SL’s efforts to contain trade gap

The fast rising oil bill hindered an otherwise modest trade performance by Sri Lanka this August as the country’s exports showed signs of gaining momentum after the restoration of the Generalized System of Preferences (GSP) Plus concessionary tariff scheme this June. But the trade deficit reached a new high.  

Sri Lanka has clear plan to deal with debt crisis: CB Governor

REUTERS: Sri Lanka has a “clear plan” to manage its debt, with proceeds of any divestment and privatization to be used to repay loans the island nation has borrowed, Central Bank chief Indrajit Coomaraswamy told Reuters this week.

Thailand’s Group Lease hit by major scandal

Group Lease Public Co. Ltd (GL), the Thai-based motorcycle leasing company, which owns a significant share in Sri Lanka’s Commercial Credit and Finance PLC, was rocked by a scandal this week, with the Thai Securities and Exchange Commission removing GL Chairman and CEO Mitsuji Konoshita from his post over allegations of corporate fraud.

Private hospital run by retired schoolteacher wins best entrepreneur award

A private hospital not aiming to be a commercial operation but to be a committed caregiver for the sick and run by a retired Lankan schoolteacher clinched the ‘Best Western Provincial Entrepreneur of Sri Lanka’, at the Western Provincial Entrepreneur Awards held this week.

Mobitel showcases SA’s first NB-IoT network at Techno 2017

Mobitel, the mobile arm of Sri Lanka Telecom, showcased the nascent narrowband Internet of things (NB-IoT) technology for the first time in South Asia (SA) at the recently concluded Techno 2017 exhibition in Sri Lanka, which took place from October 13-15, 2017. 

Sagala says FDIs will cross US $ 1bn mark this year

  Law and Order and Southern Development Minister Sagala Ratnayaka this week said the government had strengthened the brand – Sri Lanka by establishing freedom, democracy and good governance and is seeing an upswing in the foreign direct investment (FDI) flows into the country.

BOC compliments all-island second place winner of Grade Five Scholarship Exam

The Grade Five Scholarships all-island second place winner, Sanjana Nayanajith was complimented by the staff of Bank of Ceylon Warakapola recently for his significant achievement.

NKar creates buzz among three-wheelers for World Tourism Day celebrations

An awareness campaign was held to educate three-wheel owners/drivers to reap long term benefits from tourists by adopting best practices, rather than looking at immediate short term gains.

IBSL discusses way forward for Sri Lanka’s insurance industry

Following the declaration of 1st September as National Insurance Day and Insurance Awareness Month well underway, it was a most opportune moment to consult two top professionals in the industry. 

Cool Planet brings sunshine to kids at deaf school on World Children’s Day

Cool Planet, Sri Lanka’s premier retail giant recently celebrated Children’s Day at the School for the Deaf in Ratmalana.

Ceylinco Life wins 3 ARC awards in Tokyo for 2016 annual report

The 2016 Annual Report of Ceylinco Life has won three awards at the ARC Awards in Tokyo, one of the largest and most prestigious competitions in the world honouring excellence in annual reports. Sri Lanka’s life insurance market leader received the Silver award for ‘Financial Data’ and two 

Fitch affirms Amana Bank’s National Long-Term Rating

In its latest rating review, Fitch Ratings Lanka has affirmed the National Long-Term Rating of Amãna Bank at BB(lka) with a ‘Stable’ outlook.  

Sampath Bank celebrates ‘Thrift Month’ with eco-friendly gifts

Sampath Bank, in its continuing commitment to emphasize the importance of saving, has introduced an exciting gift promotion that will both incentivize and help depositors save money. 

Amana Bank’s main branch offers extended banking until 7pm on weekdays

With the objective of enriching the convenience of banking to its customers, Amana Bank’s main branch located in Colombo 3 has expanded its banking services to 365 days, with business hours on weekdays scheduled from 9.00am to 7.00pm and on weekends and holidays from 9.00am to 1.00pm.  Further, rest of the bank’s branches will be open for business till 4.00pm on weekdays with the bank’s Pettah branch being open until 6.00pm

Allianz Lanka launches high-tech underwriting platform AUSYS

Allianz Life Insurance Lanka, in a bid to provide their customers with greater convenience recently launched their automated underwriting platform ‘AUSYS’. 

Abans observes World Children’s Day at Ampe Junior School

It was a red letter day at Ampe Junior School in Balapitiya when Abans conducted a very meaningful CSR initiative to mark World Children’s Day on 29th September.

AIA higher education scholarships inspire academic excellence for 23 years

AIA’s higher education scholarships programme, now in its 23rd consecutive year, rewards the top performer from each district at the Grade five scholarship examination, by giving them a monthly bursary from Advanced Level (A/L) class right up to the completion of their University degree.

Insee marks World Standards Day motivating employees to be smarter

The manufacturers of Insee branded cement, Siam City Cement (Lanka) Limited, a company that strongly advocates maintaining high standards, commemorated World Standards Day with activities that encouraged and motivated employees to understand, appreciate and maintain high standards in their work.

Harpic completes phase one in ‘National Sanitation Drive’

The first set of 100 toilets commissioned by the City Planning and Water Supply Ministry together with Harpic was completed recently, providing clean sanitation facilities to over 30 households and one school in Katana.

Brandix launches ‘Blood Drive’ marking 10th year as major corporate donor

The Brandix Group has announced the launch of a four-month ‘Blood Drive’ at factories across Sri Lanka to mark the milestone 10th anniversary of the Group’s annual contribution as a corporate blood donor to the National Blood Transfusion Service (NBTS).

Sri Lanka in a disastrous position in relation to trade: expert

Fraser Institute Canada Economic Freedom Research Michael Walker Chair Fred McMahon, one of the contributors to the institute’s Economic Freedom of the World 2017 Annual Report, was recently in Colombo to attend the Advocata Economic Freedom Summit. Mirror Business sat down with McMahon for a chat.

Dialog bags two regional Gold awards at Asian Customer Engagement Forum

Dialog Axiata’s flagship service initiative, ‘Service from My Heart’ won two Gold awards for ‘Employee Engagement Programme of the Year’ and ‘Best Change Management Programme of the Year’ at the Asian Customer Engagement Forum - HR and CSR Awards held in Mumbai, India

Sanken Construction conducts wind tunnel test for Capitol TwinPeaks

Luxury living at its best, the combined synergies of Capitol Developers and Sanken Construction renders Capitol TwinPeaks a lucrative investment.

Importance of investing and staying invested in Sri Lankan real estate

The construction sector has been a highly dynamic and vibrant contributor to national economic growth in post-war Sri Lanka, most recently recording a staggering growth rate of 9.3 percent in the second quarter of 2017.

PayMedia launches country’s first smart parking solution

Finding parking and paying for it just got easier. Now you never need to waste time and gas looking for parking again.