NDB together with British Council awards 200 English Teachers

NDB together with British Council awarded the successful candidates who completed the ‘English for Teaching’ training programme.

People’s Bank Sisu Udana awards grade-five scholarship achievers

People’s Bank offers Grade-five scholarship students an opportunity to win valuable scholarships through its Sisu Udana  savings account. 

Lakdaru Scholarship Seminar at Rathnapura

SDB Bank organized an island wide Lakdaru Scholarship Seminar Series for Grade-five students.  This is carried out as a CSR project and few of the seminars are also in Tamil medium. The 31st 

Commercial Bank introduces Sri Lanka’s first ‘Chip and PIN’ debit card

Commercial Bank of Ceylon has introduced Mastercard debit cards with Chip and PIN technology for the first time in Sri Lanka.

Nestlé Professional continues to support Sri Lankan Chefs and uplift culinary industry

Nestlé Professional, Nestlé’s out-of-home food and beverage solutions provider, has joined hands with the Chefs Guild of Lanka to become Diamond Sponsor for Culinary Art Food Expo 2017.

CLC launches branches in Kegalle and Piliyandala

Reaching out to its customer base, CLC made a few iconic additions to their existing branch network during the month of June. 

People’s Bank opens Digital Centre at York Street

People’s Bank achieved a unique milestone in its digitalisation drive with the opening of its fully-fledged Digital Centre by Prime Minister Ranil Wickremesinghe, at York Street, Colombo 1.

Millennium IT founder launches Ustocktrade in SL

Ustocktrade, the world’s first retail alternative trading system (ATS), the mission of which is to bring Wall Street to Main Street, announced yesterday its launch in Sri Lanka, the first international expansion for Ustocktrade.

BOC conferred Best Bank in Public Sector and Best Employer Brand

The number one bank in the country, Bank of Ceylon (BOC) has won the Best Employer Brand Award and Best Bank in Public Sector – Excellence and Leadership Award for the Banking and Financial Services Industry, presented at the event hosted by the World HRD Congress in its 12th Employer Branding Awards held recently at Taj Samudra, Colombo.

Downside of entrepreneurship happens when entrepreneurs become tyrants

The tactics are all too familiar – when you are the one who has built something from scratch, you think you cannot let go. When you know the pain of having to create something from nothing, you do not want to give up easily. You fear no one will understand what you have worked so hard, given your life’s worth, to create. You think others may undermine your authority as the founder. You may even think that until and unless you rule wit

Stepping up fight against money laundering and terrorist financing

Corrupt officials, tax cheats and the financial backers of terrorism have one thing in common: they often exploit vulnerabilities in financial systems to facilitate their crimes.

Colombo’s minimum room rates and MICE tourism

The minimum room rates in Colombo hotels have been a hot topic in the tourism industry for some time. There are many proponents of it, and too few opponents.

MV Toledo Triumph makes maiden port call at CICT

Evergreen Line vessel MV (Motor Vessel) Toledo Triumph with the capacity of 14,000 TEUS made it’s maiden call at Colombo International Container Terminal (CICT) recently.

Qatar to boost Colombo service to four daily non-stop flights

Qatar Airways has announced it will introduce a fourth daily non-stop service from Doha to Colombo from 1 August 2017. 

WISTA arranged panel discussion on National Maritime Policy and way forward

 Women’s International Shipping and Trading Association (WISTA) - Sri Lanka arranged a panel discussion on “National Maritime Policy and way forward” following their Annual General Meeting held at the Ceylon Chamber of Commerce on 13 July 2017. The aim of the discussion was to discuss the views of the members to make submission to the Ports and Shipping Ministry in formulation of a Maritime Policy to support the current bus

Shangri-La’s Hambantota Resort and Spa celebrates first year anniversary

Shangri-La’s Hambantota Resort and Spa, celebrated its first year anniversary with the launch of its golf membership earlier this month, and more recently a most memorable cocktail and dinner event held at the Sunset Beach and Artisan Village. 

Tourist arrivals to Maldives grow 7.8% in June

The Maldives attracted 85,222 visitors in June 2017 recording a 7.8 percent growth compared to 12 months ago, with the momentum of arrivals growth from Europe cushioning a decline in visitor levels experienced  from China.

Dr. Ali Asgar gains control of Ceylon and Foreign Trade

Dr. Ali Asgar Shabbir Gulamhusein yesterday bought 61 percent of Ceylon and Foreign Trade PLC (CFT), represented by 85.6 million shares in a Rs.430 million deal.

Committee to probe Wijeyadasa’s allegations against BOI firms

Development Strategies and International Trade Minister Malik Samarawickrama has asked International Trade State Minister Sujeewa Senasinghe to appoint an independent committee to look into recent allegations made by Justice and Buddhasasana Minister Wijeyadasa Rajapakshe against some Board of Investment (BOI) companies. 

SLT incorporates cable depot company

Sri Lanka Telecom PLC (SLT) has incorporated a private limited company in the name of ‘Galle Cable Depot (Pvt) Ltd.’ for the purpose of carrying out the business of constructing, providing and managing a cable depot in Galle. The incorporation of the company was pursuant to the joint venture agreement entered into between SLT and Indian Ocean Cableship Pte. Ltd of Singapore on June 19th this year.

Samantha Rajapaksa appointed as Non-Executive Director to BOC board

Sri Lanka’s corporate sector figure Samantha Rajapaksa has been appointed as a Non-Executive Director of state banking giant Bank of Ceylon (BOC) by Public Enterprise Development Minister Kabir Hashim.

Millennium Challenge Corp. announces Rs.1.1bn initial grant to SL

A  Millennium Challenge Corporation (MCC) delegation led by Fatema Z. Sumar, Regional Deputy Vice President for Europe, Asia, the Pacific, and Latin America, is currently in Colombo to advance progress on the development of a five-year grant programme with Sri Lanka to reduce poverty and promote economic opportunity for Sri Lankans. 

Shares end steady, hover near 6-week closing low

REUTERS: Sri Lankan shares ended steady in thin trade yesterday as gains in financials were offset by losses in industrial shares, with foreign investors continuing to be net buyers.

Finance income boosts JKH 1Q as key business hit by poor consumer demand

The interim results released by John Keells Holdings PLC (JKH) for the June quarter proved that even the country’s largest conglomerate in terms of market value is not immune to the headwinds in the economy.

SLIM Brand Excellence to give prominence to SME and online brand sectors

More prominence will be given to the Small and Medium enterprises (SME) sector and online brands at the 16th Sri Lanka Institute of Marketing (SLIM) Brand Excellence awards, themed, ‘Exhibit your masterpiece’ to be held  in November. 

Perfect the art of healthy, creative cooking with Abans

Do you want to revitalize your cooking routine? Then, head over to Abans Elite Kollupitiya tomorrow (July 29), at 10:30 am and learn more about preparing ultra healthy recipes in a quicker and easier manner, as demonstrated by a celebrity Chef using our innovative appliances.

ThreadSol concludes first edition of Apparel Tech Up Sri Lanka on high note

After Apparel Tech Up in Bangladesh, India, Vietnam and Indonesia, ThreadSol hosted the first edition of Apparel Tech Up for the Sri Lankan apparel industry on 20th July at Cinnamon Grand, Colombo. 

‘Ekata/Onraa’ social media campaign to target Sri Lanka’s skilled labour shortage

The idea among the general public is that statistics relating to Sri Lanka’s educational achievements look outstanding. However the reality is that there is a vast gap between skilled and unskilled labour.  To address this issue from the grassroots level, the government together with the private sector and civil societies has embarked on a social media campaign called ‘Ekata/Onraa’ to support Sri Lanka’s economic grow

ECL’s design and supervision expertise contribute to BIA runway upgrade success story

The recent resurfacing of the runway of Sri Lanka’s Bandaranaike International Airport marked an important milestone in the country’s aviation history. 

Ceylon Chamber and Customs to conduct seminar series on export and import procedures

The Ceylon Chamber of Commerce, in association with the Department of Sri Lanka Customs, will organize a series of half day seminars on export and import procedures in order to help exporters maximize opportunities in the  global market.