Celebrating friendship on Eid!

Two Muslim men take a selfie after Eid al-Fitr prayers to mark the end of the holy fasting month of Ramadan in Colombo, yesterday (Reuters)

Fintech poised for mainstream adoption on a global scale: EY

Levels of financial technology (fintech) adoption among consumers has surged globally over the past 18 months and is poised to be embraced by the mainstream, according to the latest EY FinTech Adoption Index. An average of 33 percent digitally active consumers across the 20 markets in the EY study, now use fintech.

Fairway Holdings acquires Multi Finance

Fairway Holdings, a rapidly diversifying conglomerate, recently acquired Multi Finance PLC under its umbrella with a view to giving this erstwhile financial institution that is known for its trust for 42 years and excellent array of financial services a veritable boost to serve its clients even better.

Commercial Bank launches needs-responsive disaster relief programme

A comprehensive multi-level assistance programme designed to help families affected by the recent floods to recover from their ordeal has been launched by the Commercial Bank of Ceylon.

NDBIB becomes first Lankan investment bank to manage an offshore IPO

NDB Investment Bank (NDBIB) successfully raised US $ 28 million (Rs.4.2 billion) via the initial public offering (IPO) of Ooredoo Maldives PLC, a subsidiary of Qatar-based international telecommunications giant Ooredoo Group, which is present in over 10 countries with a total subscriber base of over 138 million.

findmyfare.com wins big at SLT Zero One awards

Sri Lanka’s largest online travel company ‘findmyfare.com’ recently won awards for ‘Best Website’ and ‘Best Digital Enabled Product’, in the ‘Travel and Leisure’ category, at the prestigious SLT Zero One awards.

Financial literacy: Only if they know how to manage risk, they can win

Even if Sri Lanka is well ahead of other regional counterparts, in terms of literacy rate, people in the country don’t have much financial literacy, 

Sampath Bank named ‘Most Innovative Bank’ at LankaPay Technnovation Awards

Continuing to win accolades for its spirit of innovation, Sampath Bank was recognized as Sri Lanka’s ‘Most Innovative Bank’ at recently held LankaPay Technnovation Awards 2017.

Kantala launches crowdfunding campaign

Sri Lankan fashion accessory brand – Kantala – has launched its latest range of vegan fashion accessories, via the crowdfunding platform, IndieGoGo, catering to the fashionable yet conscious consumer.

Amãna Bank to hold EGM on July 4

Amãna Bank will be holding an extraordinary general meeting (EGM) on July 4, 2017 in order to get the shareholder endorsement for the bank’s forthcoming rights issue. 

Arpico felicitates top hardware dealers

Renowned among Sri Lanka’s largest business conglomerates, Arpico recently hosted its top dealers for a gala event that celebrated yet another outstanding year of sales and collections. 

AIA Tower now open for business

AIA Insurance’s brand-new head office building, the AIA Tower, is located at No: 92, Dharmapala Mawatha, Colombo 7.

Vision Care successfully conducts Nethralokana Sathkara

Having successfully concluded the application process during early May, the eye testing programme of Vision Care’s ‘Nethralokana Sathkara’ took place in Galle, Kandy, Anuradhapura, Jaffna and Kurunegala recently. 

Amaranthé Bay gains popularity with MICE programmes

Amaranthé Bay Resort & Spa, the new small luxury resort located in the idyllic fishing village of Uppuveli, north of Trincomalee, is fast becoming a hot spot for residential ‘Meetings, Incentives, Conferences, and Events/Exhibitions’ (MICE). 

Vallibel Finance shines with two global awards

Vallibel Finance PLC has been awarded as the fastest growing finance company in Sri Lanka as well as for the most innovative finance product in Sri Lanka by Global Banking & Finance Review, which is a global awarding body based in the UK.

Kelani Cables holds Kelani Knowledge Forum 2017

Kelani Cables PLC, Sri Lanka’s number one brand in secure electrical and communication cables, held its annual scholarly converse forum ‘Kelani Knowledge Forum - 2017’ recently at Water’s Edge, Battaramulla. 

LankaClear-EY partner for LankaPay Technnovations 2017 Awards

LankaPay Technnovation Awards 2017, the pioneering payment technology innovation awards, is the only event in the country geared to recognize the true innovations in the financial sector in relation to payment systems. In order to obtain the required assurance on the processes followed to select the winners for this inaugural awards, LankaClear (Private) Ltd partnered Ernst & Young (EY).

Six lives saved thanks to AIA’s Poson safety programme

Six lives were saved this year, thanks to AIA’s Poson safety programme. Now in its 24th consecutive year, the programme aims at protecting the lives of the throngs of pilgrims travelling to Anuradhapura, Polonnaruwa and Dambulla for Poson. 

CILT to hold Logistics Leaders’ Evening with Ports Minister, SLPA Chairman

The Chartered Institute of Logistics & Transport (CILT) Sri Lanka continues its Logistics Leaders’ Evening this month on the theme of ‘Changing Tides’.

Does failed IMF prescription for Greece work for Sri Lanka?

We preach that Sri Lanka is a Democratic Socialist Republic and practice social-market economy. One of the measures to see the role of government in the social sector is to look at the total tax collection from the rich and the subsidies afforded to the less privileged people in society. 

Dr. Saman Kelegama: Top policy researcher with a mission

In memory of Dr. Saman Kelegama, this is a republication of the article initially published in Mirror Business in December 2011, under the ‘Sri Lanka’s Prominent Economists’ series.

Economic Summit 2017 to discuss Sri Lanka’s need for a ‘smarter trade strategy’

The upcoming Sri Lanka Economic Summit 2017 will dig deeper into Sri Lanka’s latest trade reform agenda anchored towards new preferential trade pacts, tariff liberalization and export promotion, with the participation of an expert lineup of speakers, representing both local and international trade bodies.

Insee cement creates employable youth and sustainable livelihood in Puttalam

Sri Lankan cement manufacturer Insee cement spearheaded the renewal of the Memorandum of Understanding (MOU) between the Enterprise based Vocational Education (EVE) training centre and the National Apprentice and Industrial Training Authority (NAITA) recently. 

Sri Lanka Insurance assures pilgrim assistance this Poson season

Sri Lanka Insurance (SLIC) provided special services for the benefit of pilgrims visiting Anuradhapura during the Poson season.  This unique service that had been offered by SLIC for the past 26 years included tracking down lost individuals and their belongings in and around the sacred areas of Anuradhapura. 

EU to slap Google with record fine this week: sources

AFP: The European Union’s (EU) powerful anti-trust regulator will slap Google with a record fine as early as today in another European blow against a US tech giant, sources said.

THASL’s competition to adjudge most outstanding personalities in hospitality industry

In a recent press conference held in Colombo, The Hotels Association of Sri Lanka (THASL) announced their first ever island-wide competition to adjudge the most outstanding personalities 

Union Bank of Colombo bags four LankaPay Technnovation Awards 2017

Union Bank of Colombo PLC gained significant recognition at the inaugural LankaPay Technnovation Awards event held on June 20, at The Kingsbury Hotel.  

Pathfinder delivers keynote at New Delhi Policy Boot Camp

Pathfinder Foundation Centre for Indo-Lanka Initiatives Director Admiral Dr. Jayanath Colombage delivered the keynote address titled ‘Indo-Lanka Strategic Ties’, at the Vision India Foundation (VIF) Policy Boot Camp in New Delhi. 

LIC Lanka GM goes back to India on high note

LIC Lanka Ltd General Manager Marketing and Operations Harvinder Singh has been repatriated to his parent company, Life Insurance Corporation of India, in its corporate office in Mumbai.

Kanrich Finance Receives Carbon Conscious Certificate for Making Strides in Sustainability

Kanrich Finance has been certified as a Carbon Conscious financial services company. The certification is awarded to business entities that have calculated the footprint and have implemented