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 

Sampath Bank Named “Most Innovative Bank” in Sri Lanka 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 the LankaPay Technnovation Awards 2017 held on 20th June 2017.

CB keeps key rates unchanged as private credit, inflation ease

The Central Bank left its key policy rates steady for the 3rd consecutive month in June due to the signs of moderating monetary conditions and expectations of easing price levels during the medium term, but raised concerns over the heavy borrowings made by State-owned- Enterprises (SoEs) due to their deteriorating finances. 

Lanka Sathosa network gears to cross 400 branch milestone

Lanka Sathosa is preparing to cross the 400 branch mark, despite recent floods hitting nine of its outlets.

Asia markets end week on quiet note, US healthcare bill returns

AFP: Asian markets limped into the weekend, with energy firms still struggling after a bruising few days, while investors eye Donald Trump’s revised healthcare bill hoping its success will open the way for his economic agenda.

Oxford Business Group upbeat on SL future prospects

The Oxford Business Group (OBG) in its latest analysis on Sri Lanka sounded upbeat on the nation’s future prospects, but implied the need for stronger and sustainable measures to improve and maintain its competitive stance in the region.

Qatar Airways seeks up to 10% stake in American Airlines

AFP:  Qatar Airways, its Middle Eastern business pressured by a diplomatic row with neighbors, is seeking as much as a 10 percent stake in American Airlines, the US carrier said this week. The surprise investment push by Qatar Airways was disclosed by American Airlines in a securities filing Thursday saying the Qatari company planned to buy at least US$808 million in  American shares.

Rupee edges down on importer dollar demand

REUTERS: The Sri Lankan rupee traded slightly weaker yesterday as dollar demand from importers surpassed sales of the U.S. currency, after the Central Bank held the key policy rates steady as expected, dealers said.

Stocks end steady; cbank rate move, foreign buying boost sentiment

REUTERS: Sri Lankan shares closed little changed yesterday, but sentiment was positive as the Central Bank kept key policy rates steady and as foreign investors bought diversified shares such as Hemas Holdings Plc and John  Keells Holdings.

PickMe Waasi Grand Draw 2017 winners receive cash and prizes up to Rs.1mn

Regular PickMe patron, Joanne De La Zilwa, took home a cash prize of Rs.1 million after she was adjudged as the lucky winner of ‘PickMe Waasi’ Grand Draw 2017, the three-month loyalty programme introduced for patrons of the tech-based taxi hailing company. 

National selection for Bocuse d’Or Sri Lanka on June 30

Paul Bocuse is an Icon in the Culinary World. He is highly respected and his cuisine has set new standards. In January 1987, Paul Bocuse created the Bocuse d’Or, a revolutionary gastronomy contest, giving young chefs a unique opportunity to demonstrate their skills, offering them a tremendous springboard for their careers.

‘Discover Mannar’ photography exhibition inaugurated in Colombo

The Photographic Society of Sri Lanka (PSSL) in partnership with IFC, a member of the World Bank Group, and The Palmyrah House, inaugurated the ‘Discover Mannar’ photography exhibition to highlight and promote Mannar as a tourism destination in Sri Lanka. 

INCO 2017 Exhibition

INCO, the largest engineering related industrial exhibition and trade fair that offers a platform for small and medium (SME) sector industrialists, manufactures, engineering companies, exporters, importers, 

Dreamron Five Minute Black Henna conquers local, international market

There is an ever-growing demand for hair colour products among youth and elderly people and Sri Lanka’s premier cosmetics brand and the largest exporter of hair and skin cosmetics, Dreamron has been the saviour of many who are looking for quality products to get rid of their ‘gray-hair problems’. 

The Factory Outlet opens outlet in Galle

The Factory Outlet (TFO), known to be one of Sri-Lanka’s exclusive fashion retail providers, opened its wings to penetrate a fashion-concerned, design-oriented audience living along the coast of Sri-Lanka. 

Scan Jumbo Peanuts rewards Cycle Wassa promo winners

The ‘Scan Jumbo Peanuts Cycle Wassa’ initially began as a consumer promotion campaign in the year 2014. After the first event’s success, this prompted the Scan Jumbo Peanuts Cycle Wassa 2 to take place the following year, in 2015. 

Iconic Galaxy showcases parliament complex, Rajagiriya in new light for Int’l Vesak

Beginning at sunset on the Vesak day, the lights on the iconic parliament complex, the majestic drive to it plus the areas in Rajagiriya dazzled the skyline on a celebratory note.