Thimal Perera appointed as new Deputy CEO of DFCC Bank

DFCC Bank PLC announced the appointment of Thimal Perera as the Bank’s new Deputy CEO, with effect from 16 August 2017. 

Lakshman Silva appointed as Chief Executive Officer of DFCC Bank PLC

DFCC Bank PLC announced the appointment of Lakshman Silva as the Bank’s new CEO, with effect from 16th August 2017.

Allianz Shaping the Football Stars of Tomorrow

The annual Allianz Junior Football Camp concluded recently in Bali, Indonesia with great fanfare. The four day programme is a much looked forward to event with exciting training sessions led by FC 

Super Bento Rush at Hilton Colombo’s IkoiTei!

On your mark set ready go…..that’s right the race is on!  15 Bento boxes for grabs each day from the 21st August till 2nd September, 12noon to 3pm.  A 

Dr. Saman Kelegama: Scholar, policy influencer and caring human being

The sad news of Dr. Saman Kelegama’s untimely death had shocked friends and academic collaborators across the world. At Manchester, as elsewhere, we feel the loss. Our condolences go out to all of his family and colleagues – we understand how deeply you will grieve.

Mobitel unveils the next tech revolution with ‘X Station’

Mobitel, the National Mobile Service Provider, proves yet again its credentials as the unrivaled leader of the country’s digital revolution by unveiling ‘X Station’, the first hi-tech Internet of Things (IoT) 

ACCA Global President visits CMA Sri Lanka

Global President of the Association of Chartered Certified Accountants (ACCA) Brian McEnery paid a courtesy call to the Institute of Certified Management Accountants (CMA) office in Sri Lanka recently. He was welcomed by the President of CMA Prof.  Lakshman  R. Watawala and the management team of CMA  Sri Lanka. McEnery, was accompanied by Nilusha Ranasinghe, Head of ACCA Sri Lanka, and several other officials from ACCA.

People’s Insurance head office moves to new premises

People’s Insurance Limited ; the insurance arm of People’s Bank and People’s Leasing & Finance Group re-located the headquarters at its modern office complex at Havelock Road, Colombo – 05.   People’s Bank Chairman Hemasiri Fernando was the Chief Guest at this occasion with the 

Union Bank introduces new mobile banking experience

Union Bank announced the launch of its mobile application with the aim to offer an easy, quick and convenient banking experience to its clients. 

Lakshman Silva appointed Chief Executive Officer of DFCC Bank

 DFCC Bank PLC announced the appointment of Lakshman Silva as the bank’s new CEO, with effect from August 16th.

Engage, Not Sell: Embracing the Millennial Consumer

Millennials,the generation born from the early 1980s to the early 2000s, are driving a major paradigm shift in the business-consumer relationship.Currently numbering 2.4 billion people according to the 

Amãna Bank rights issue infuses US$ 22 mn FDI to economy

Amãna Bank’s recently concluded 1 for 1 rights issue and brought in foreign direct investments valued at over US$ 22 million to the country. 

People’s Bank marks Int’l Youth Day with YES Savings account benefits

Commemorating International Youth Day, People’s Bank offers an attractive bundle of benefits to the Sri Lankan Youth through the YES Savings account. 

HSBC appoints new retail banking and wealth management country head

HSBC Sri Lanka has appointed Nadeesha Senaratne as Country Head of Retail Banking and Wealth Management with effect from July 01, 2017.

Prestige Automobile introduces the futuristic BMW G30 5 series plug-in hybrid to the Lankan market

The all new BMW 5 series plug-in hybrid was unveiled to the Lankan marketby Prestige Automobile Pvt. Ltd., the sole authorised importer and distributor of BMW,MINI and Hyundai vehiclesin Sri Lanka,

Creative Software’s expansion testifies to growth of local IT sector

Only months after moving into their modern eight-storey R&D centre in the heart of Colombo, leading software company Creative Software is at risk of outgrowing their premises yet again.

iflix secures US$133mn funding to provide world’s best entertainment

iflix, the world’s leading subscription video on demand (SVoD) service for emerging markets, announced it has completed a US$133million funding round as it continues to deliver on its vision of bringing the world’s best entertainment to its audiences.

Mitra Innovation now an AWS Standard Consulting Partner

Sri Lankan/UK based company Mitra Innovation - specialising in Cloud integration, digital transformation, and product incubation – has become a Standard Consulting Partner for Amazon Web Services (AWS). 

Black money and war on cash: The challenge for the government

Last year, India in an effort to combat corruption, tax evasion and counterfeiting, all 500 and 1,000 rupee bank notes were withdrawn from circulation. Many international bankers argue with me that India failed miserably in their demonetization effort. 

Energy in 2050: Clean, free, and for all

In 2050, solar power will end the divide between energy-rich and energy-poor countries. What will the energy industry look like in 2050? It seems far away, in fact it’s 33 years away. But 2017 was an equally distant future 33 years ago. 

Central Bank views on National Payment Platform

In response to the news articles circulating on Total Pay and ICTA, the Central Bank of Sri Lanka (CBSL) wishes to clarify matters to the public and provide an accurate account of events which transpired regarding the National Payment Platform (NPP), in order to deliver a holistic understanding of the prevailing situation. 

NTB June profit growth slows over higher loan loss provisions, taxes

Nations Trust Bank PLC (NTB) reported earnings of Rs.3.05 a share or Rs.702.5 million net profit for the quarter ended June 30, 2017 (2Q17), an increase of just 2.0 percent year-on-year (YoY) amid higher loan loss provisions and taxes. 

Monetary Board suspends Pan Asia Bank’s primary dealer status

The Monetary Board of the Central Bank yesterday announced the suspension of primary dealer status of Pan Asia Banking Corporation PLC (PABC) for six months with effect from August 15, 2017.

Nawaloka Hospitals June profits soar amid higher healthcare spending

Leading private healthcare services provider Nawaloka Hospitals PLC posted Rs.83.78 million net profit for the first quarter of 2018 ended this June, up 84.82 percent year-on-year (YoY), as increased consumption of healthcare services was witnessed during the quarter due to the dengue epidemic that spread across the island.  

Shares record steepest drop in 5 months despite foreign buying

REUTERS: Sri Lankan shares posted their worst decline in nearly five months yesterday, as local investor sentiment remained muted, after a string of disappointing June-quarter corporate results. However, foreign investors bought the island nation’s risky assets, with offshore buying accounting for more than 80 percent of the session’s turnover.

Cargills June profit narrows over higher borrowing costs but top-line resilient

Net profit of Cargills Ceylon PLC group fell 2.0 percent year-on-year (YoY) to Rs.751 million or Rs.3.35 a share during the April – June quarter (1Q18) due to higher finance costs stemming from fresh borrowings made and the rising interest rates, the interim financial accounts of the company showed.  The retail giant, which also has commercial banking operations under an associate company, reported a revenue of Rs.22.9 billion compared

Manufacturing and services sector activities expand in July

Sri Lanka’s manufacturing and services sector activities measured by Sri Lanka Purchasing Managers’ Index (PMI) expanded in the month of July, albeit at a slower rate, according to the Central Bank of Sri Lanka.

CB sets record straight on NPP

The Central Bank said yesterday that the proposed National Payment Plan or any other payment platform, such should be regulated as done in other parts of the world.

Ceylon Chamber praises govt. over H’tota port deal

While lauding the government for the steps taken to develop the Hambantota port as a public private partnership (PPP), Ceylon Chamber of Commerce (CCC) yesterday in a statement urged the government to ensure that the principle of collective responsibility is respected to inspire confidence in its decision making process.

All FACETS stalls sold out

The organizing committee of the FACETS International Gem and Jewelry Exhibition announced that all stalls have been sold out at the upcoming exhibition, which is set to begin on 31st August to 3rd September at the BMICH.