Under a new agreement with BOI, SANDS ACTIVE (PRIVATE) LIMITED to manufacture a wide range of pharmaceutical products »
The Board of Investment of Sri Lanka signed an Agreement with Sands Active (Private) Limited to set up a project for the manufacture of pharmaceutical products for the local market to meet the current National requirement of imports substitution of medicinal drugs.
DFCC Bank opens refurbished Contact Centre in Malabe to strengthen an enhanced customer service experience »
DFCC Bank PLC, Sri Lanka’s fully-fledged, dynamic commercial bank recently opened its doors to a state-of-the-art call center in the bustling suburb of Malabe. This contact centre can have over 100 dedicated agents capable of engaging with Customers.
The Commercial Bank of Ceylon has committed more than Rs 2 Million to encourage the Bank’s Credit Card holders to do their bit for the planet by opting for electronic statements instead of printed statements.
mãna Bank and MegaPay (Pvt) Limited recently concluded an agreement to facilitate public donations to Amãna Bank OrphanCare Trust.
SLTPB made its first successful participation for the year 2020 at South Asia’s Travel & Tourism Exchange (SATTE) 2020 in New Delhi, India from 8th to 10th January 2020.
Fitch Ratings has affirmed SriLankan Airlines Limited's (SLA) USD175 million government guaranteed 7% unsecured bonds due 25 June 2024 at 'B'.
According to Foreign Minister Dinesh Gunawardena, Sri Lanka aims to increase bilateral trade with Russia to US$ 700 million and to continue policies set by the previous administration.
Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, announced the launch of ‘SAVIYA’, a mobile based advisory service for dairy farmers to improve dairy production capacity, quality of milk produced, and health of livestock.
MillenniumIT ESP walked away with three out of three winning awards under the ‘Best Innovation in Internal Process’ category at SLASSCOM’s Innovation Awards and Gala 2019.
UnionPay International (UPI) has partnered with CH17 Loyalty (CH17) to manage and promote hybrid loyalty payment schemes in Sri Lanka, focusing on some of the most dynamic sectors that contribute towards economic growth of the country.
Cinnamon Dhonveli Maldives has been recognised as the leading surf resort in Maldives by the prestigious Maldives Travel Awards at Crossroads Maldives last month.
Coloma, a contemporary brand of stylishly crafted sanitary ware with cutting edge technology, was launched recently at a gala evening at the Lanka Tiles showroom in Nawala.
Ceyline on behalf of Ceylon Shipping Corporation (CSC), successfully delivered six (6) locomotives and twenty four (24) train carriages to Sri Lanka Railways.
Sri Lanka’s participation for the first time at the “Indusfood – Tech 2020 India” Trade Fair witnessed positive responses for SMEs »
The Ceylon Chamber of Commerce in association with the Trade Promotion Council of India (TPCI) and the Sri Lanka High Commission in India organised Sri Lanka’s participation for the first time, at the “Indusfood - Tech 2020” Trade Fair, held from 8th to 10th January, 2020 in India to showcase Sri Lanka’s processed food and beverage industry.
The Colombo Stock Exchange (CSE) has decided to discontinue the current industry classification used to categorize its listed companies and adopt the Global Industry Classification Standard (GICS) along with S&P/CSE co-branded sector indices with effect January 20 2020.
Crystal Property Group Ltd. (CPG), the developers of Sri Lanka’s first boutique condo hotel Crystal Sands – Villas in the Sky (www.crystalsands.lk), successfully raised a Rs. 180 million equity investment from a Singapore-based investment firm focused on coastal real estate development.
Amãna Bank recently joined hands with EDEX Nenapahana, the CSR arm of EDEX Expo, as the main sponsor to support the EDEX underprivileged schools outreach program.
A special ceremony was organized to commemorate the festival of Thai Pongal at the of People’s Bank Kotahena branch under the patronage of Chief Executive Officer/ General Manager of People's Bank Mr.Rasitha Gunawardena.
Encouraging Sri Lankan expatriates to remit their hard earned money, securely back to their families whilst assisting to improve the country’s foreign remittance inflow, BOC’s “Pita Pita Rata Thegi” raffle draw was held at the Bank’s Head Office recently, to give away valuable prizes at its provincial draw.
Cargills Bank selected the top five customers who have made the best use of the Cargills Bank 15% Cashback offer with Cargills Food City (CFC) and enjoyed the highest savings during the promo period from August 2018 to December 2019
The Port City Colombo has successfully achieved 12 million safe work hours with zero accidents, according to the ‘2018-2019 Social Responsibility Report’ of Port City Colombo, launched at a ceremony on Monday, 13 January.
Wayamba Printpack (Pvt) Ltd, has been awarded the Gold Award in Printing and related services sector, a special category Gold Award for Excellence in Business performance and the 1st runner up amongst the medium scale companies in the country, at the National Business Excellence Awards 2019 held at Colombo Hilton recently, organized by the National Chambers of Commerce Sri Lanka.
The revolutionary eyewear brand, Spexbay continued its expansion drive with the opening of its latest store in Nugegoda recently. Having established its credentials as an accessible, fashionable and youthful brand, Spexbay’s inclusive approach empowers customers to afford fashionable eyewear at attractive price points.
Bairaha Farms PLC, recently launched the 2nd phase of their “Help to Learn” welfare project benefiting more than 575 students - who are the school going children of 450 Bairaha employees working in their Breeder Farms, Broiler Farms, Hatchery and the Chicken Processing Factory, located at different parts of the country.
Huawei, innovative smartphone manufacturer, freshly unveiled their extensive and impressive collection of wearables for the year 2020, including the Huawei Watch GT 2, Huawei FreeBuds 3, Huawei Band 4 and Huawei Band 4E. The first sales event of the wearables was conducted at the Huawei Experience Centerin One Galle Face Mall, recently.
Quire Sri Lanka – Sri Lanka’s only consulting-agency (cagency) founded in 2017 and News Publisher – the corporate communications agency credited with Sri Lanka’s first and only press release distribution system recently partnered with CeyEndurance, the international triathlon series for 2020, at the event launch press conference held on January 6 2020, at Shangri-La, Colombo.
Daraz Sri Lanka partnered with the Department of Samurdhi Development to enhance the economic engagement and success of entrepreneurs in rural Sri Lanka. Apart from just leading the tech industry with mobile phone brands and other tech related products, Daraz also works to empower the small scale businesses and help grow their potential
NEW YORK -If you're still using Microsoft's Windows 7, your computer might soon be at risk. Microsoft will stop providing free security updates for the system on Tuesday, meaning computers using it will be more vulnerable to malware and hacking.
Nations Trust Bank American Express launches its wellness campaign, heralding the new year. The brand campaign underscores personal and financial wellbeing, encouraging and empowering its Card Members to live a well-rounded life to the best of their capabilities.
DFCC Bank, the bank for everyone opened 20 new branches in key locations, Islandwide within a span of 30 days last month which is a remarkable milestone.
The website of premier financial institution HNB Finance garnered major international recognition when it claimed silver in the Financial Services category at the prestigious W3 Awards ceremony, held in the United States.
Sri Lanka is expected to grow by 3.3% in 2020 compared to a projected 2.7% in 2019, while maintaining a tight budget, the World Bank said. "In 2020, growth in Sri Lanka is projected to rise to 3.3 per cent," said the Global Economic Prospects report.
Located in a picturesque location of the French Rivera, the 18th edition of the ILTM France kicked off from 2nd to 5th December 2019, at Cannes, France with an attendance of over 5000 visitors from all across the world.
Truly Sri Lankan venture that can be introduced as going one step beyond E commerce, harivaasi.lk was launched recently and registration open for shops to upload products thus enabling everyone to have his / her own e shop.
The key to shaping a better future lies with the youth and how they progress. In this increasingly connected world, one way of bringing about greater development of youth is by building cross-cultural understanding between Nations.
Marking yet another organizational milestone, Seylan Bank has been ranked number 1 in the banking category by LMD for customer service excellence.
CeyEndurance, the triathlon series of Divinsan Pvt Ltd announced the launch of Sri Lanka’s first international and national series of triathlons commencing in early 2020. The press conference was held at Shangri-La, Colombo on January 6 2020, under the leadership of Divinsan Pvt Ltd, Managing Director - Dinesh Fernando.
eMarketingEye (www.emarketingeye.com), the award-winning Digital Marketing Agency and a pioneer in the Asian region specializing in the hospitality industry, has officially launched giftsEye, an eGift Certificate System designed and developed in-house for the Travel and Hospitality industry.
The Commercial Bank of Ceylon recently conducted ‘WomEntrepreneur,’ the first programme by the Bank in collaboration with the Women’s Chamber of Industry & Commerce (WCIC) exclusively for women entrepreneurs engaged in small and medium enterprises (SMEs), with emphasis on steering a ‘vision towards sustainable business.’
Iconic Sri Lankan diversified conglomerate Hayleys PLC’s leading tea export brand, Mabroc Teas, announced the recent completion of a the refurbishment of the Men’s Ward at the Kiribathgoda Base Hospital.
EDEX Expo, Sri Lanka’s Premier and Largest Education Exhibition and Job Fair, will once again take center stage from 17th to 19th January 2020 at BMICH Colombo and on 24th and 25th January 2020 at KCC Kandy.
Amãna Bank recently opened its 17th Self Banking Centre at Wattala to further its reach and facilitate its customers with around the clock real-time cash deposits. The new Self Banking Centre, located at No. 697 Negombo Road, Wattala was opened by the Bank’s Head of Retail Advances Ramakrishnan Kirubakaran along with the customers and staff of the Bank.
Lankatiles collaborates with Chinese company and American counterpart to export mosaic tiles to USA »
Lankatiles, the pioneering wall and floor tile manufacturer in Sri Lanka, announced that it would be entering the globally-competitive mosaic tiles segment.
Compact SUV, Hyundai Venue was recently presented with two extremely impressive titles – the Indian Car of the Year (ICOTY) 2020 award and Viewer’s Choice Car of the Year award.
Following over a decade of successful operation of helping people find, sell and rent property in Sri Lanka, LankaPropertyWeb.com which has become the most popular place for properties along with House.lk started a new chapter in its journey by establishing a ‘Property Centre (PC)’ in Colombo.
Evolving its products and services to amplify and enhance customer experiences and convenience, Seylan Bank introduced ‘Seylan Merchant Portal’, the first fully-fledged multipurpose Digital Payment Platform in Sri Lanka. The payment platform is fully customizable to suit individual needs and can be enabled within a day- taking digital transaction platforms in Sri Lanka to new heights.
Premier luxury fashion retailer, Aviraté, has announced that it is partnering with global supply chain service provider, EFL to avail its wide portfolio of 3PL services in order to ensure a seamless brand experience for its consumers.
Nations Trust Bank MasterCard and Classic Travel have partnered to introduce the new Nations Trust Bank MasterCard Classic Travel USD Travel Card, which is a prepaid travel card that provides efficient and secure foreign currency management services to corporate and individual travellers. This card is a new addition to the Prepaid Travel Card range offered by Nations Trust Bank.
The Bank of Ceylon expanded its branch network to Andigama and Weerapokuna with added convenience of 24 hour enabled digital banking facilities to the residents of those areas.
People’s Bank ceremoniously welcomed its newly-appointed Chairman Sujeewa Rajapakse, to his new role from 8th January 2020. The Senior Chartered Accountant and a Past President of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will steer People’s Bank into a new era to fulfill the aspirations of citizens as the bank that is ‘The Bank of the People’ while aligning its goals to meet the vision of the new Government of Sri Lanka.
Sri Lanka’s most digitally innovative bank, HNB, announced another major milestone in its technological evolution with the bolstering of its Information Systems to reach ISO 27001:2013 certification – the highest applicable standard for information security globally.
The South Asian island nation of Sri Lanka is as ancient as it is beautiful; as complex a civilization now as at any time in its 2,000-year history. Despite recent tumult (the horrific terror attacks last Easter), Sri Lanka remains an essential destination, an epicenter of history, with relics and ruins, temples and palaces, wildlife running free.
SriLankan Airlines, the largest carrier into the Maldives, won the coveted title of ‘Leading International Airline of 2019’ at the MATATO Travel Awards in the Maldives, polling the most number of votes from the travelling public ahead of many of the world’s best reputed airlines.
The Commercial Bank of Ceylon has announced the launch of its latest card product, a Prepaid Travel Card to improve customer experience and convenience when travelling overseas.
INSEE Ecocycle inaugurates Resource Recovery Center in massive initiative to transform industrial waste into valuable resources »
INSEE Ecocycle, the pioneer in professional waste management in the country, inaugurated the first-ever novel Resource Recovery Center with the aim of transforming industrial waste into valuable resources. INSEE Ecocycle has embarked on this great initiative in collaboration with local FMCG giant, Unilever Sri Lanka.
The newly established preschool Footsteps which gained reputation within a very short time span has now stepped foot with the opening of their first corporate staff kids’ crèche at WSO2.
Beginning the year 2020 with a fresh start, Huawei, innovative smartphone manufacturer, held an exclusive preview for its new additions of smartphones to the Y series,
Heading into a new decade, CNN Travel editors have nominated some of their favorite places for the annual list and selected Sri Lanka as one of the best places to visit in 2020.
Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, introduced ‘4G Video Blaster’ - Sri Lanka’s first-ever prepaid and postpaid mobile data plan offering Unlimited Data to Access the YouTube Platform.
Sri Lanka Sotheby’s International Realty has proved its resilience since it opened its doors for business in Sri Lanka in 2018, to coincide with the launch of Sapphire Residences, for which it holds an exclusive Marketing and Sales mandate.
Today, the Sri Lankan economy is at a crossroads. Decades of policymaking as a sovereign nation have produced improvements in many aspects of the economy. There was significant social upliftment.
Sri Lanka’s leading private sector bank HNB PLC will kick off for the third consecutive year as the ‘preferred banker’ to the Colombo Rugby & Football Club (CR&FC). The new agreement will lock in all of the club’s transactions through the bank. HNB cardholders will have an advantage of a range of benefits, including discounts on bills.
The Commercial Bank of Ceylon recently donated 21 laptop computers to visually-handicapped university students, in response to a request by the ‘Centre for Sight’ of the Kandy Teaching Hospital’s Department of Ophthalmology,the institution that handles ophthalmic disorders and helps visually handicapped students to gain admissions to universities in Sri Lanka.
President and PM attends the Vibhajjavada Dhamma Sangayana and donation of Tripitaka Dhamma scripts »
Vibhajjavada Dhamma Sangayana organized for the continued sustenance of the Buddhism and the donation of Tripitaka Dhamma scripts to 5000 monks commenced at the Sugathadasa Indoor Stadium
NDB recently appointed the Citizens Development Business Finance PLC (CDB) to their distribution network as an agent of the Bank for Western Union money transfer Service.
Marina Square Uptown Colombo, Sri Lanka’s first and largest harbor front development project, attracted the attention of outstanding entrepreneurs, representatives of the real estate industry and people of all circles in China at the recently held Sri Lanka Investment Opportunity and Real Estate Investment Forum.
Alumex celebrates big wins at CA Sri Lanka Annual Report Awards and SAFA Best Presented Annual Report Awards »
Sri Lanka’s largest aluminium extrusion manufacturer, Alumex PLC, is celebrating big wins this year after being conferred top honours by two of the most notable corporate awarding bodies in the region.
Approximately 54,000 companies have been relived by the Department of Inland Revenue from paying value-added tax. This was told by yesterday's department's Inactive VAT List.
SriLankan Airlines, the National Carrier of Sri Lanka and a member of the oneworld alliance, welcomed aboard the global media icon Richard Quest of CNN during his journey from London to Colombo recently.
Bairaha awards foreign trips to their Best Performers in the breeding farms for the year 2018/2019 »
Bairaha Farms PLC, the pioneer poultry Integrator in Sri Lanka has recently selected two of their employees as the best performers in the Company’s in the year 2018/2019 since they achieved best performance and productivity compared to other farms in the Group.
The Logistics & Transport Foundation Program offered by CINEC caters to those who want to follow the B. Sc in International Transportation Management and Logistics. It is an eight months program.
Spiralation, a tech-startup supportive program organized by the Information and Technology Agency of Sri Lanka (ICTA) facilitated 16 tech startups through seed funding, comprehensive training, workshops and guidance.
At the recently concluded HP Awards Night 2019 held at Weligama Bay Marriott Resort & Spa on the Theme ‘Gentlemen Beyond The Boundary,’ Trident Corporation was crowned with glory as they swept the board with five awards including the Best Distributor 2019 – Consumer Personal Systems, Best Distributor 2019 – Print Supplies and Best Service Partner 2019.
Huawei, a leading global provider of Information and Communications Technology (ICT) infrastructure and smart devices, recently sponsored the fourth batch of top ICT undergraduates studying at local universities of Sri Lanka, providing them with an opportunity to study and gain work experience at Huawei’s headquarters in China, under their global CSR flagship program Seeds for the Future.
Cargills was awarded with an Excellence Silver award in the Service Sector for the Polonnaruwa District recently, at the Lak Rakiya Harasara National Award Ceremony, instituted to award employers who generate employment to visibly uplift the standard of living.
Travel News Update: Sri Lanka was ranked first for the category of Asia’s Best Nation for Wildlife Tourism by Top 10
Maliban recently has won the reputed World Class Award for the third year at the Global Performance Excellence Awards (GPEA) – being the only organization to do so. The awards ceremony was organized by the Asia Pacific Quality Organization (APQO) and held at the Jumeirah Etihad Towers Hotel in Abu Dhabi.
Comfortable, Luxurious and Stylish eye wear from Victoria’s Secret hits the streets of Colombo. Exclusively available at Wickramarachchi Opticians, One Galle Face the latest collection was launched at a star-studded event held recently.
JAT Holdings, recently bagged four astounding awards at the National Business Excellence Awards 2019. Presented by the National Chamber of Commerce, the awards ceremony was held in Colombo recently, in order to recognize and reward organizations that have excelled in their business processes.
LAUGFS Corporation (Rubber) Ltd. (LAUGFS Rubber) recently unveiled the latest addition to its product portfolio with its Super Solid Loader Grip Tyre, the largest tyre to be manufactured in Sri Lanka.
Amãna Bank recently opened its sixteenth Self Banking Centre at Siyambalagaskotuwa under the patronage of its Vice President Operations – Imtiaz Iqbal alongside customers and staff of the Bank.
The Commercial Bank of Ceylon was recently presented the ‘Excellent Green Commitment Award’ for the Banking Sector for 2019 by the Green Building Council of Sri Lanka (GBCSL), the country’s leading authority on implementing green concepts and green building practices.
CIPM Sri Lanka – the nation’s leader in human resources management teamed up with the Enable the Disabled (ETD) Foundation to upgrade the children’s park at the BRC Grounds – Park Road in Colombo 5 on Wednesday, December 10, 2019 to cater to the special requirements of differently-able children.
Pan Asia Bank recently signed an agreement with LOLC Life Assurance Limited to offer its customers across Sri Lanka, a wide range of insurance products. As part of this strategic tie-up, insurance Officers from LOLC Life Assurance Company will work closely with selected set of Pan Asia Bank Branches and offer insurance products to Pan Asia Bank customers.
The Chairman, the senior management and the staff of Pan Asia Bank ceremonially welcomed the New Year at its Head Office in Colpetty on the 1st January 2020, the first working day for the year 2020.
Ethiopian Airlines (EAL) will operate flights to Colombo from April. The airline wholly owned by the Ethiopian government is looking at operating four flights per week.
The Bank of Ceylon Wishes all Sri Lankans a Very Happy New Year as it Commences its Operations for 2020 »
The Bank of Ceylon wishes all its customers, stakeholders and Sri Lankans a Very Happy New Year as it commences its operations for “2020-New Year”. The main event was held at BOC Tower - its Head office in Colombo with a multi-religious ceremony to invoke blessings on the Staff of the Bank, all its customers and all Sri Lankans in general.
Cargills Bank and Mastercard recently concluded the jointly organized ‘Excellence Awards – Cards 2019’ together with a knowledge sharing forum at Hilton – Colombo. The event was held under the patronage of Rajendra Theagarajah, CEO/MD of Cargills Bank Limited and Santosh Kumar, Country Manager for Mastercard Sri Lanka to recognize and reward individuals and teams for outstanding performances in Card Sales for 2019.
Colombo International Container Terminals (CICT) has announced it handled a total of 2.9 million TEUs in 2019, achieving an 8.6 percent increase in its throughput and accounting for 40 percent of the volume of the Port of Colombo in the 12 months ending 31st December 2019.
The Plastics and Rubber Institute of Sri Lanka has signed an MOU with the Plastics and Rubber Institute of Singapore. This was announced by the President of the PRISL, Kaushal Rajapaksa at the Institute’s Annual Awards Night held recently at the Taj Samudra Hotel.
An updated version of the official mobile application launched by the Colombo Stock Exchange (CSE) is now available for download for Android and IOS users. The updated app features a modern interface and aims to offer users greater access to information on the stock market and scope for personalization.
ISM APAC, the regional arm of Netherlands based e-commerce company ISM e-Group, marked the dawn of a new era as it announced the appointment of its first Sri Lankan Managing Director, Priyantha Bethmage as the two Dutch General Managers of the company bid farewell.
Wayamba Printpack (Pvt) Ltd, has been awarded the Gold Award in Printing and related services sector, a special category Gold Award for Excellence in Business performance and the first runner up among the medium scale companies in the country,
Sri Lanka Telecom, the leading ICT and digital solutions provider in the country successfully concluded the company’s SME Solutions Partnership Day 2019, at Taj Saumudra, Colombo.
With a heritage as a premier development bank in Sri Lanka, DFCC Bank; the Bank for Everyone is now a full-service commercial bank that offers a gamut of products and services catering to the Sri Lankan population island-wide.
Business News Update: The Central Bank has permitted Axis Bank Ltd. and ICICI Bank Ltd. to close down their business operations in Sri
The Central Bank has called on all commercial banks to adhere strictly to the newly reduced interest rates on credit. A press release from the Bank said that by December 27, 2019, each Licensed Commercial Bank (LCB)
Boosting the revival of the tourism industry in Sri Lanka, Aitken Spence Maritime-facilitated Marella Cruises sailed its largest super-luxury cruise ship, Marella Discovery of the Marella fleet, to the Port of Colombo.