Cargills divests CTF to focus on core banking

Cargills Bank Limited announced the divesture of 80.34 percent stake controlling interest in Colombo Trust Finance PLC (CTF) to Dialog Axiata PLC. 

Samsung Smart TVs present cutting-edge technology and innovative features

Samsung Electronics revolutionized the Smart TV industry in the world with their liquid crystal display (LCD) TVs,eleven years before iPhone was introduced.

IAA set to present ‘Good vs. Gold’ featuring Anthony Chelvanathan

Sri Lanka Chapter is set to present ‘Good vs. Gold’, an inspiring session featuring the globally acclaimed Group Creative Director of Leo Burnett Toronto, Anthony Chelvanathan.

Access awarded piling and diaphragm wall construction contract for Havelock City

Access Engineering PLC, one of Sri Lanka’s leading engineering companies was recently awarded with the contract for the installation of bored cast in-situ reinforced concrete piles and a diaphragm wall for Havelock City; the premier integrated mixed-use development coming up in Colombo.

GE Power selected for another major gas power plant contract in South Asia

GE announced that it has been selected by the Shapoorji Pallonji Group (SP Group) to supply the power generation equipment for the upcoming 220 megawatt (MW) combined cycle power plant in the Bhola district  of Bangladesh.

7 Star Rotti Challenge by Serendib Flour Mills at Eat Street Colombo 2017

'Eat Street CMB', was definitely an eventto be at this year with over 50 stalls serving a variety of amazing food with live music.Serendib Flour Mills partnered with this year’s open-air street food 

Qatar Airways offers chance to fly free for a year

Qatar Airways announced the launch of its ‘Global Travel Boutique’ promotion, offering passengers from around the world amazing fares on flights in both Economy and Business Class, as well as the opportunity to win once-in-a-lifetime Mega prizes, including the chance to fly free to any Qatar Airways destination for one year.

JCT marks berth of Pendulum Express Lines’ Amalthea

Hong Kong registered Pendulum Express Lines (PEL) berthed her maiden voyage MV Amalthea at Jaya Container Terminal in Colombo, Sri Lanka recently. 

Insolvent Air Berlin scraps flights over ‘ill’ pilots

AFP: Bankrupt Air Berlin said it was forced to cancel dozens of flights on Tuesday, after “an exceptionally high number” of pilots called in sick.

Hemas Wattala offers top level care against dengue for high risk pregnancies

Among the 2,000 plus dengue patients treated at Hemas Hospital Wattala in the past three months, several critical cases were high risk pregnancies that got even more complex as the patients advanced in their pregnancies having contracted the dengue virus.

SLCMDI hosts workshop on national procurement guidelines and impact on medical devices industry

Members and stakeholders involved with the Sri Lanka Chamber of Medical Devices Industry gathered today for a workshop on National Procurement Guidelines and the Impact on Pharmaceuticals and the Medical Devices Industry at the Grand Oriental Hotel.

Kalubowila Acupuncture Clinic wins Massco Excellency Award 2017

In recognition of the dedicated service done for the betterment of the Acupuncture In Sri Lanka, Kalubowila Acupuncture Clinic Director Dr. Prasad Deshapriya was awarded at the 11th annual Massco Business Excellency Awards 2017 held at Hotel Ramada Recently.

Serendib Leisure ventures into boutique hotels and villas

Serendib Hotels PLC, a unit of Hemas group, yesterday said it entered into a sales and purchase agreement with First Edge Investment Limited to acquire the controlling stake of three boutique villas in Sri Lanka’s Southern coast.

Harin hails Mangala for eliminating telecom levy on data services

Telecommunication and Digital Infrastructure Minister Harin Fernando yesterday paid tribute to Finance and Mass Media Minister Mangala Samaraweera for removing the Telecommunications Levy on pre-paid data services.

Dialog sets eyes on becoming major force in finance sector

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, yesterday showed clear intentions of becoming a major player in the country’s finance space with the acquisition of a listed finance company, as the dividing line between technology and finance gets blurred by the day.

Savings interest taxed higher under new tax law, so are foreign currency deposits

The interest on savings made by Sri Lankans have been made liable for a higher withholding tax by the new Inland Revenue Act, which was passed in parliament last week, a business forum in Colombo was told yesterday.

CB, ICTA to develop new payment platform under existing laws

The Central Bank is now involved in the development of a new National Payment Platform (NPP) for digital financial transactions under existing legislation, after recent efforts to set up the platform outside the purview of the Central Bank hit a brick wall. 

JAT Technologies offer mind-blowing audio visual and ELV experience centre

JAT Technologies offers a mind blowing audio visual and ELV (Extra Low Voltage Solutions – CCTV, IPTV/MATV, Access Control, PA, Fire Alarm, Home Automation) experience at the newly opened centre at 160, 1/1, Nawala Road Nugegoda.

Paving the way for Big Data analytics in Sri Lanka

Sri Lanka is a land which is well acquainted with the concept of precognition, and a persistent desire to predict the future. Even the most rational among us cannot help but be tempted by the idea. 

Cyber attacks to spread infection at record pace among APAC organizations

Fortinet, the global leader in high-performance cybersecurity solutions, announced the findings of its latest Global Threat Landscape Report recently.

Apple set to unveil anniversary iPhone in major product launch

AFP: A decade after then-CEO Steve Jobs unveiled the first iPhone, Apple Inc yesterday is set to introduce a completely redesigned top-of-the-line iPhone along with two other new phones, as well as a big upgrade to the Apple Watch and a higher-definition Apple TV.

Dialog introduces Infinity Pro, the most affordable VoLTE-enabled 4G smartphone

The Dialog Infinity Pro, Sri Lanka’s most affordable 4G smartphone with VoLTE enabled is now here as part of Dialog’s continued efforts to provide Sri Lankan users with the best in affordable technology. 

AIA Group CEO meets President and pledges support to Sri Lanka

Ng Keng Hooi met with President Maithripala Sirisena during his first visit to Sri Lanka since his recent appointment as Group Chief Executive and President of AIA Group.

Save Your Monkey partners Uber offering value added services

Save Your Monkey, Sri Lanka’s pioneering Insuretech company, recently partnered with Uber Sri Lanka to offer their customers a variety of exciting value added services.

NDB Wealth ‘Regular Income Plan’ helping meet life’s milestones

No matter the financial goals one aspires to, whether it is buying a home or car, or paying to educate one’s children, a Regular Income Plan from expert financial planner NDB Wealth is one of the best options for true success.

Mobitel partners Fairfirst Insurance offering innovative micro-insurance cover

The National Mobile Service Provider Mobitel, has partnered with Fairfirst Insurance to offer customers an innovative micro-insurance cover that provides customers financial assistance when the insured is confined to bed due to physical disablement or an accident.

Seylan Bank introduces ‘Seylan Income Saver’

Reiterating its commitment in adding value to the citizens of Sri Lanka, Seylan Bank introduced the ‘Seylan Income Saver’, a novel proposition devised for corporates and employees to offer a wide array of benefits for savings account holders and their fixed incomes.

Don’t just build health infrastructure – make it SMART

More digital health interventions are needed to improve the quality of care in SMART facilities. I grew up playing in a government health centre in my home city in the central Philippines. It was where I would usually go after school with my siblings to wait for my mother, who worked there as a nurse.

Natural disaster risk reduction needs to strengthen coordination with UN

The widespread rainfall during the past few days and the risk of landslides in the hill country are attributed to climate change. Sri Lanka has suffered worst floods and landslides a few months back and whiles still recovering from these unprecedented natural disasters, another spell of heavy rains is being experienced especially in the south, west, central as well as the eastern and northern parts of the country.

Sirocco Air Technologies celebrates partnership with Casals of Spain

International fans innovator Casals of Spain recently hosted cocktails for potential Sri Lankan customers at Waters Edge. The event was organised by Casals’ sole representative in Sri Lanka,