Spark: Transforming the actuarial services landscape in Sri Lanka

One of the main challenges faced by the financial sector is quantitative assessment of future risk.  Financial risk can arise due to unpredictable nature of factors such as interest rate and default rate. 

‘Dine and Smile’ discounts at 64 partner restaurants

Commercial Bank’s ‘Dine and Smile’ promotion is back for the second time this year, with  64 of the country’s most popular restaurants offering discounts exclusive to the bank’s credit and debit card holders.

Alliance Finance signs Karlsruhe Resolution on sustainable finance

Delegates to the seventh Global Sustainable Finance Conference, supporting the UN-backed sustainable development goals (SDGs) and the Paris Climate Agreement (COP21), collectively referred to as ‘Agenda 2030’, have signed the ‘Karlsruhe Resolution’ at theCity Hall, Karlsruhe, Germany on the 13 July 2017.

Sophos named visionary for enterprise network firewalls by Gartner

A global leader in network and end point security Sophos has been named as a visionary by Gartner’s ‘Magic Quadrant for Enterprise Network Firewalls’. This is the first year that Sophos has been placed in the ‘visionaries’ quadrant of this report. 

AIA Insurance tops MDRT in Sri Lanka, crosses 100 member mark

AIA Sri Lanka has crossed 100 MDRT (Million Dollar Round Table) members for 2016, making it the first and only insurer in Sri Lanka to do so.

Combank and DIMO in joint leasing promo for TATA commercial vehicles

The Commercial Bank of Ceylon and Diesel and Motor Engineering PLC (DIMO) have joined forces to offer attractive discounts and otherbenefits to customers leasing TATA commercial vehicles.

CERT|CC conducts ‘Hacking Challenge’ and ‘Information Security Quiz’

For the 10th consecutive year a ‘Hacking Challenge’ and an ‘Information Security Quiz’ was conducted by Sri Lanka CERT|CC as part of the Cyber Security Week 2017 activities. 

Finco recognized as best emerging partner at E-Guardian partner conference

Finco Technologies were awarded as the best emerging partner 2016 as the E-Guardian partner conference which was held at the Hotel Turyaa Kalutara, recently.

zMessenger partners Bangladesh SSD-Tech to expand regional footprint

Multi award winning digital marketing agency in Sri Lanka, zMessenger, recently expanded its services in the region by entering into a partnership with Bangladesh-based multinational technology company, SSD-Tech. 

Annual Construct Exhibition concludes on high note

Prime Minister Ranil Wickremasinghe declared open the Annual Construct Exhibition at BMICH on 25th August. 

Lankans’ love for Pandas, Kwids and Nanos lifts July vehicle registration

More Pandas, Nanos and Kwids are seeing slowly taking more space in already congested Sri Lankan roads as the policymakers have dashed the hopes of many who were aspiring to drive a quality Japanese or European car in style. 

Economist blames outdated labour laws for high youth unemployment

Archaic labour laws and lower educational spending are responsible for the top-heavy and ageing private sector and high unemployment among Sri Lanka’s youth, an economist said recently.

Huawei appoints new president for Southern-East Asia

Huawei, a leading global information and communications technology (ICT) solutions provider, has appointed James Wu as the new Presidentof the Southern-East Asia Region.

Inner Temple’s Honourable Society to address BASL

A delegation of the Honourable Society of the Inner Temple will make an inaugural visit to Sri Lanka from September 1 to 8, 2017. 

The future of work in developing Asia

The nature of work in Asia and the Pacific has changed dramatically in recent decades. Labor market shifts have transformed societies, as rapid economic growth provides workers with better paying and more productive jobs.

KTI Continues To Bring Families Together With LEGO Dayat Cool Kidz

LEGO® Day has once again thrilled children and parents alike with enthralling activities that brought families together and entertained them for hours on end. This completely immersive experience was 

SLASSCOM and ICT Norway in Joint Effort to Boost Sri Lanka’s IT Sector

In an effort aimed at helping Sri Lanka’s IT/BPM industry reach the USD 5 billion mark by 2022, the country’s primary IT/BPO chamber, the Sri Lanka Association of Software and Service Companies 

Karadiyana ‘Waste to Energy’ project inaugurated with Fairway Waste Management

The ground breaking ceremony to launch the ‘Waste to Energy’ project at Karadiyana was held recently with the attendance of President Maithripala Sirisena. 

Swadeshi Khomba illuminates Devundara Uthpalawarna Sri Vishnu Maha Devalaya

The Swadeshi Industrial Works PLC the pioneer herbal - personal care products manufacturer once again illuminated the Devundara Uthpalawarna Sri Vishnu Maha Devalaya. 

Hayleys says CCC Sustainability Competition transformed CSR agenda of businesses

Hayleys PLC, the Grand Slam Winner of the ‘Best Corporate Citizen Sustainability Award 2016’ says that the sustainable way is the only way to operate a successful business.

People’s Bank Employees Cooperative Society felicitates employees’ children

People’s Bank Employees Cooperative Society recently held an Award Ceremony to Felicitate children of members at the auditorium of People’s Bank Staff Training College, Colombo. 

Insee Cement powers ‘Strategic Planning for Sustainability’ to uplift construction industry

Insee Cement, the brand behind leading retail cement products Insee Sanstha and Insee Mahaweli Marine, recently partnered with the Construction Industry Skills Council (CISC) to hold a working forum on ‘Strategic Planning for Sustainability as a Corporate Responsibility’, promising to build a better future for the nation. 

Oman Air and Industrial Optimizers sign agreement

Oman Air and Industrial Optimizers have signed an agreement concerning the MP2 Aero Fleet Assigner optimizer, including the functionality for scheduling and network analysis.   “We are very happy with this agreement and excited to work with Oman Air, an airline that is renowned for their high quality of service”, says Tore Jenner, CEO at Industrial Optimizers. 

Siddhalepa Group opens second hotel project Anarva with Rs.1.8 bn investment

The second hotel project of Siddhalepa Group, the Siddhalepa Anarva in Mount Lavinia built with an investment of Rs. 1.8 billion was opened to guests last week.

Experience old world charm and glamour at Tamarind Hill by Asia Leisure

Tamarind Hill by Asia Leisure is a divinely restored manor house built close to three centuries ago in the outskirts of the heritage city of Galle that oozes style and sophistication. 

Emirates Airbus A380 Business Class offers ultimate luxury and style in sky

From its majestic exterior to its elegant interior, I found Emirates A380 a fascination indeed and cruising on board its Business Class a testament to what’s travelling in style and luxury in the sky. The inspirational travel experience was Emirates’ offer as part of a FAM tour of Dubai, in line with the airliner’s maiden and one-off Colombo voyage recently. 

Leaders don’t always lead; they also let others take the reins

There is a political saying: “Before you are a leader, success is all about growing yourself. When you become a leader, success is all about growing others.” The saying applies well to leadership management also.

What’s trade facilitation? How can it benefit Sri Lanka?

The World Trade Organization (WTO), made their ultimate achievement at the 9th WTO Conference conducted in Bali, by finalizing the Trade Facilitation Agreement (TFA) in the year 2013 which came into effect 22 February 2017 with 2/3 of the members ratifying the agreement.It is paying more 

Uphill battle for Sri Lanka: Addressing loss and damage of climate-induced disasters

Sri Lanka experienced a notable increase in the frequency and the severity of floods, droughts and landslides in the recent past. 

Chevron props Sri Lanka’s economic growth through exports to Pakistan

Chevron Lubricants Lanka PLC celebrates another key achievement of exporting the first consignment of Havoline PRO DS ECO 5 OW-20 Synthetic Dexos-1 licensed premium engine oil, designed especially for hybrid vehicles, to Pakistan.