April 1, 2020
Velona Cuddles, the leading baby diaper brand in Sri Lanka, recently introduced their all new diaper subscription app. This app was released to the valuable clientele as a solution for a problem that many parents with infants and toddlers face.
Diesel & Motor Engineering PLC (DIMO), the only Authorized General Distributor for Mercedes-Benz in Sri Lanka, officially unveiled the all-new Mercedes-Benz Sprinter Single Cab recently.
Royal Fernwood Porcelain Limited, a large-scale manufacturer of high quality white and decorated porcelain tableware and figuring ornaments that enjoys a global reputation in the porcelain tableware industry as a reliable supplier to many premium brands recently announced that the company was the recipient the SLS 122:2001 quality certification. Royal Fernwood is the first and only manufacturer of porcelain tableware to receive this accreditation.
Rating action ICRA Lanka Limited, Subsidiary of ICRA Limited, Group Company of Moody’s Investors Service has assigned the Issuer rating of [SL]A- (pronounced SL A minus1) with Stable outlook for Prime Lands Residencies (Pvt) Limited (“PRIMER”/ “the Company”).
Mobitel, a connectivity provider demonstrated the latest 5G connectivity at One Galle Face Mall recently. This event, a milestone in the history of broadband in the region, was graced by Oshada Senanayake, Director General of the Telecommunications Regulatory Commission of Sri Lanka (TRCSL), Rohan Fernando, Chairman of SLT and Mobitel and Board of Directors from both Sri Lanka Telecom (SLT) and Mobitel.
This season, CFW sees the highest participation of high potential Emerging Designers, a testimony to the development of the next generation of designers will be showcased on 19th March. The showcase will be held at the spectacular 35th floor of One Galle Face Tower, overlooking the magnificent cityscape of Colombo.
Fitch Ratings will review the National Ratings assigned to the issues of Tier 2 debt of Sri Lankan banks and non-bank financial institutions (NBFIs) following the publication of its updated Bank Rating Criteria on 28 February 2020.
In view of the International Women’s Day, People’s Bank organized a special commemorative ceremony at the People’s Bank headquarters branch with the participation of Mr. Sujeewa Rajapakse – Chairman, People’s Bank, Mr.M.A.Bonniface Silva- Acting CEO/GM, Members of the Corporate and Executive Management.
National Savings Bank Katuwana Branch was open recently at the “Citro” Building, Urubokka Road, Katuwana. Minister of Mahaweli, Agriculture, Irrigation and Rural Development, Minister of Internal Trade, Food Security, Consumer Welfare and State Minister of Defence, Chamal Rajapaksa graced the occasion as Chief Guest.
Bank of Ceylon won the “People’s Banking Service Provider of the Year” at the SLIM Nielsen Peoples Awards 2020. This prestigious event is all about what the “the True voice of Sri Lanka” has to say about a brand.
In line with the country’s Payment Systems Road Map, DFCC Bank took yet another step in its journey to become a digitally enabled bank with the launch of its DFCC Pay App and processing of Merchant transactions through android based Point of Sales (POS) machines.
HNB Assurance PLC (HNBA) and its fully owned subsidiary HNB General Insurance Limited (HNBGI) recorded robust financial results for the year ended 2019, posting a Profit After Tax (PAT) of Rs. 1 billion, recording a Gross Written Premium (GWP) of LKR 9.9 BN.
NDB Bank launched the first in the market SME Co–Branded Credit Card with Sri Lanka Telecom PLC. SLT is a leading Digital Service Provider in Sri Lanka. The Company is also the major provider of ICT networks and services for top enterprises representing all economic sectors and facilitates them with seamless and sophisticated connectivity to carry out local and global business operations.
For the fifth consecutive year, IFC, a member of the World Bank Group, partnered with the Colombo Stock Exchange (CSE) to ring the opening bell for trading in celebration of International Women’s Day 2020.
Consulate General of Sri Lanka in Dubai hosts “Sri Lanka Tourism Promotional Evening and Cultural night” »
Commemorating the 40th anniversary of the establishment of Diplomatic relations between Sri Lanka and the UAE, the Consulate General of Sri Lanka in Dubai & Northern Emirates, hosted “Sri Lanka Tourism Promotional Evening and Cultural night” at the most sought-after location in Dubai- Armani Hotel housed in Burj Khalifa, in association with Sri Lanka Tourism Promotion Bureau being the main sponsor of the event.
Sri Lanka’s leading private sector bank, HNB PLC announced a renewed partnership with domestic automotive giants, Indra Traders, to offer exciting leasing packages for all unregistered vehicles and Foton trucks.
Your heartbeat Vs the Nation’s heartbeat?”-the theme of the SLIM Nielsen People’s Awards could not have expressed it better. Bank of Ceylon is the “People’s Banking Service Provider of the Year” at the SLIM Nielsen Peoples Awards 2020.
Seylan Bank honoured their best performing employees at the Bank’s Annual Sales Awards 2019 which was held recently at Cinnamon Grand. The annual Sales Awards recognises and appreciates employees for their outstanding business performance and dedication towards achieving advanced levels of professional performance during the year 2019.
The ongoing novel coronavirus (COVID-19) outbreak will have a significant impact on developing Asian economies through numerous channels, including sharp declines in domestic demand, lower tourism and business travel, trade and production linkages, supply disruptions, and health effects, according to a new analysis by the Asian Development Bank (ADB).
Abu Dhabi Developmental Holding Company is partnering Wizz Air Holdings, the European airline, to establish Wizz Air Abu Dhabi. The low-cost airline is set to launch its operations at Abu Dhabi International Airport in the second-half of this year.
The Spectrum Institute of Science & Technology (SIST) is the pioneering life sciences institute in Sri Lanka providing young aspiring students an opportunity to study globally recognized degree programmes in Sri Lanka.
Fairway Elements was awarded the National Construction Excellence Award, while Fairway Galle was awarded the National Construction Merit Award at the recently concluded National Construction Awards 2019/2020, Sri Lanka’s premier construction event.
To celebrate another transformative year for the team, Sysco LABS hosted its annual year end party at Water’s Edge Colombo.
Emirates is providing customers more flexibility, choice and value through its newly introduced waiver policy for all booked tickets issued on or from 7 March until 31 March 2020, allowing customers across its network the choice of changing their travel dates without change and reissuance fees.
The Advanced Certificate in Entrepreneurship and Small Business Management was initiated with a view to developing a methodical, theoretical knowledge in managing business successfully, thereby enabling them to make a vital contribution for the development of the country.
Sri Lanka Telecom (SLT), the premier ICT solutions provider in the country successfully concluded the 3rd edition of the trailblazing awards programme to recognize digital initiatives - the SLT Zero One Awards for Digital Excellence - at a grand awards ceremony held at the Hotel Shangri-La Colombo.
Industrial Engineering Team of DIMO facilitated the Ettampitiya safe Water supply project by executing the entire Mechanical and Electrical (M&E) scope of work for providing safe drinking water to the people living in Badulla district. This is one of the largest water supply projects facilitated by DIMO.
We believe health and well-being is more than just exercise, it’s the viewpoint and the mental attitude one has of themselves.
The school that has a proud history with the oval ball is set to tackle its centenary year of playing the game of rugby in 2020. Royal College takes pride in being one of the leading schools that has produced winning teams over its 100 years in the game.
Bairaha Farms has already been exporting more than Rs. 15.0 Mn worth of quality frozen broiler chicken per month for the past few months and it is planning to generate a minimum of US$ 1.0Mn earnings in exports in the current year.
CIPM Sri Lanka – the Nation’s leader in human resource management came into an understanding with the Sabaragamuwa Chamber of Commerce & Industry (SCCI) for academic cooperation to conduct CIPM’s accredited recognized human resource management education courses and corporate training programmes at SCCI’s premises in Ratnapura.
Coca-Cola uplifts cricketing talent in 16 schools by sponsoring 8 popular cricketing encounters during the Big Match season »
Launching the highly anticipated Big Match season with its characteristic high energy and sparkling presence, Coca-Cola has generously stepped forward to sponsor as many as eight of the biggest cricket matches during the Big Match season. As a result, Coca-Cola is the Official Beverage Partner for eight matches including the high profile 57th battle of Thurstan and Isipathana schools and the 91st battle of Ananda and Nalanda
Twenty lucky winners from different corners of Sri Lanka took home prize money worth Rs.100,00 each at the culmination of the first batch of Honda’s famed consumer promotion ‘Honda Dawase Lakshapathi’.
One of Sri Lanka’s leading lifestyle apparel retailers, Fashion Bug always strives to epitomise customer-oriented thinking and stays ahead with trends that revolve around, innovate and reward the customer.
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) on Tuesday announced that it was proud to host the historic 20th conference of the Confederation of Asian and Pacific Accountants (CAPA) in Colombo in October this year.
With the roll out completion of a nationwide 4G network and 2G/3G network merger with Etisalat, Hutch is now enabling a truly digital experience with the launch of its self-care app for both 078 and 072 mobile number users.
Huawei Sri Lanka and University of Moratuwa (UOM) entered into a Memorandum of Understanding (MoU) to enable the educated and talented youth in Sri Lanka to further enhance their skills in the ICT domain and to be competitive in the ever growing ICT industry, as part of Huawei’s long-term digital inclusion initiative – TECH4ALL, to support Sri Lanka to fulfil the “Smart Nation” vision of the country.
AXIATA Digital Labs (ADL), a subsidiary of the AXIATA Group, Berhad, Malaysia has emerged as a ground breaking digital start-up providing optimal digital solutions, primarily to AXIATA Group.
Back in 2013, mediaWIZE Integrated announced its arrival, as the newest entrant into the creative media sphere with a selective portfolio of clientele and a unique offering of solutions.
With over a decade of excellence in providing innovative technology and solutions to both local and international clients, Asia Pacific Technology Systems (APTS) emerged victorious at the 4th Edition of Asia’s Greatest Brands and Leaders 2019-20 held on 07th February at the Marriott Marquis Hotel, Bangkok, Thailand.
Seylan Bank continues to redefine the norms of customer convenience; introducing smoother, faster and easier than ever before bill settlements for Seylan Bank credit cards at Cargills Food City outlets.
The Commercial Bank of Ceylon and Toyota Lanka (Pvt) Ltd., have joined forces to offer special prices, reduced interest rates and attractive other benefits to customers leasing Toyota cars and pickup trucks.
Orient Insurance Limited, one of the fastest growing general insurance companies in Sri Lanka, opened yet another fully-fledged branch in Panadura, situated on Galle Road, Pinwatte, Panadura.
Expert financial planner NDB Wealth will continue its long-standing tradition of celebrating International Women’s Day on March 8, 2020, focusing on financial independence for women which is becoming a crucial and widely accepted factor in the empowerment of women.
The Colombo Stock Exchange (CSE) with the support of the Inland Revenue Department and PWC Sri Lanka recently gathered members of the corporate community to discuss the tax reforms that have been proposed by the Sri Lankan Government.
Amãna Bank ended 2019 financial year on a strong footing to record a resilient performance, whilst rewarding shareholders with an above-market dividend yield, despite the headwinds the country and its economy had to go through.
President Gotabaya Rajapaksa emphasized the need for formulating a national education policy on a priority basis to suit the rapidly changing situations.
Being the pioneer in bringing the latest mobile technology to the local market, Mobitel, Sri Lanka’s premier connectivity provider unveiled the first 5G site at its store in One Galle Face, offering customers the opportunity to experience the true power of 5G with Mobitel.
Nawaloka Hospital Negombo celebrated its 5th year of offering world class healthcare to the people of the Gampaha district, recently.
Sri Lanka School Football Association ‘CBL Samaposha U14 Inter-School Football Championship 2019’ Finals scheduled for first week March »
The ‘CBL Samaposha U14 Inter-School Football Championship 2019’ finals scheduled for 31 January to 03 February 2020 and delayed due to unavoidable circumstances by the SriLanka School Football Association(SLSFA) is scheduled to be held during the first week in March.
ZILLIONe, the internationally networked enterprise solutions provider, recently completed the successful implementation of the latest reconciliation software by SmartStream, the Transaction Lifecycle Management (TLM®) solution provider – for People’s Bank.
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) on Tuesday announced that it was proud to host the historic 20th conference of the Confederation of Asian and Pacific Accountants (CAPA) in Colombo in October this year.
Prasanna Ranatunga, Minister of Industrial Exports and Investment Promotion, Tourism and Aviation, said the Government intends to undertake thirty tourism-related investments this year.
The Commercial Bank of Ceylon recently donated an Activated Clotting Time (ACT) machine and 20 syringe pumps to the Children’s Heart Centre of the Lady Ridgeway Hospital in Colombo to be used in three Cardiac Theatres and two Intensive Care Units.
Union Bank symbolically rang the market opening bell at the Colombo Stock Exchange (CSE) to mark its 25th anniversary, as part of a series of events organized by the Bank to celebrate this significant milestone.
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 04 March 2020, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 6.50 percent and 7.50 percent, respectively, and thereby continue its accommodative monetary policy stance.
At its meeting yesterday, the Monetary Board of the Central Bank of Sri Lanka decided to maintain the Central Bank's Standing Deposit Facility Rate (SDFR) and Standing Lending Facility Rate (SLFR) at their current levels of 6.50 percent and 7.50 percent respectively, thereby maintaining its accommodative monetary policy stance.
Sri Lanka Army-managed hospitality provider, ‘Laya Safari’ Hotel in Palatupana, Yala has been awarded ‘Loved by Guests Award Winner 2020’ recognition by Hotels.com with a rating of 8.6 out of 10 points on the recommendations of Online Travel Agents (OTAs) which offer an easy-to-search data base for travellers.
Sri Lanka’s most innovative bank, HNB PLC, celebrated International Women’s Day (IWD) 2020 with a special announcement for all women looking to establish or expand their business.
Nations Trust Bank continues its tradition of helping people achieve today's goals and tomorrow's aspirations with Nations Max Bonus Savings Account.
Wealth can only be truly enjoyed by sharing it with others. This is one of the fundamental inspirations behind the pioneering efforts of Nations Trust Bank Private Banking to create and offer Sri Lanka’s first ever “Philanthropic Management Account”.
HSBC Colombo Fashion Week introduces impact-based Responsible program for Sri Lankan Fashion Industry »
The “Responsibility in Fashion” program by HSBC Colombo Fashion Week introduces three responsibility and circularity-based initiatives, which are actionable impacts and with this HSBC Colombo Fashion Week opens the door for the stakeholders of the Sri Lankan fashion design industry to embrace & start on a journey towards circularity.
Aficionados of fine paper and environment-conscious users will have an opportunity to examine an exciting new range of Forest Stewardship Council (FSC) certified, 100 percent recycled special papers and boards at the Papyrus Papers stall at the upcoming Sri Lanka Print 2020 Exhibition.
The Export Development Board (EDB) yesterday called on the private sector to plan and prepare for the novel corona virus COVID-19 challenge, which has caused market and supply chain disruptions globally since February, and is threatening to impact trade.
The Sri Lanka Association of Inbound Tour Operators (SLAITO) announced today that the 10th edition of the Sancharaka Udawa – Sri Lanka’s only travel and tourism exhibition – will be held this year at the BMICH on 15th and 16th May.
The SLIM open day for the Professional Certificate in Marketing (PCM) 2020 - 1st intake was held on a grand scale recently at the Sri Lanka Institute of Tourism & Hotel Management Auditorium.
Wurth Sri Lanka will be hosting the Royal Colombo Golf Club (RCGC) monthly medal round and awards presentation on 7 March at the RCGC in Colombo in celebration of Wurth Lanka’s 20 years of successful operations in Sri Lanka.
vivo, global leading smartphone brand, launched its 2nd exclusive service centre, today in Galle. Kevin Jiang, CEO, vivo Mobile Lanka, accompanied by officials of Abans PLC and vivo attended the ceremonial ribbon-cutting ceremony.
More than 1,600 people from the Wayamba Province came together recently in a first-of-its-kind congregation that had one dominant objective, unbridled family fun literally at the expense of Ceylinco Life, one of the country’s biggest life insurer.
Ambeon Holdings PLC, a medium sized diversified conglomerate was recently adjudged as the Most Innovative Company in Sri Lanka for the year 2019 by Global Banking and Finance Review – the leading financial and banking magazine in the UK.
The Cruise ship Nautica Oceania of the USA visited Sri Lanka recently with 450 passengers on board.
Business News: Spa Ceylon, the world’s largest luxury Ayurveda chain, announced the launch of its innovative new mobile application which will
Seylan Bank is known to be driven with a strong desire towards progressive knowledge sharing and transformation. As a bank with a heart working towards a goal to uplift and encourage visionary entrepreneurs in the country, they recently concluded “Development of Visionary Entrepreneur” an interactive SME workshop in Kandy.
Business News: Sri Lanka Telecom PLC (SLT) the leading Digital Lifestyle Service Provider in Sri Lanka, concluded the financial year 2019
The 32nd Joint Meeting of UN World Tourism Organization’s Commission for East Asia and the Pacific and the UNWTO Commission for South Asia will be hosted by Sri Lanka from 29th June to 01st July 2020 in Colombo and Sri Lanka Tourism Development Authority is currently in the process of organizing the conference.
Ideal First Choice, the multi brand total after care arm of the Ideal Group expanded its branch network by opening its 8th service center at Dambulla and 9th at Wanawasala.
120 lucky winners won overseas holiday packages for two in 2019 from AIA’s Real Rewards programme. Initiated in 2014, the programme offers more benefits to the customer, while placing AIA even higher on the scale of superlative customer experience.
Emirates' stellar wine programme was recognised at the Business Traveller Cellars in the Sky 2019 Awards held in London on Tuesday.
Sri Lanka's leading private sector bank HNB PLC, will power the 86th Battle of the Saints annual cricket encounter between St. Joseph's College and St. Peter's College, as the platinum sponsor for the second consecutive year.
Reaffirming DFCC Bank’s role as a leading player in the banking industry, DFCC was ranked 18 amongst Business Today’s Top 30 Corprates in Sri Lanka for year 2018/2019.
‘Anagi’ Women’s Savings Account holders of the Commercial Bank of Ceylon can enjoy discounts ranging from 10% to 50% when making purchases via their Debit Cards this March, consequent to the Bank tying up with 30 merchants island-wide to mark International Women’s Day, celebrated on 8th March.
SriLankan Airlines’, the National Carrier of Sri Lanka and a member of the prestigious oneworld alliance, revolutionizing its brand building endeavors launched its latest brand video ‘Ode to Paradise’ at PVR Cinemas, One Galle Face recently.
Mr. Sanjaya Mohottala assumed duties today as Director General of the Board of Investment of Sri Lanka, the Investment Promotion Agency of the Government of Sri Lanka.
Sampath Bank has been reaffirmed as one of Sri Lanka’s best performing companies by being ranked among the Business Today Top 30.
Fitch Ratings-Colombo-28 February 2020: Melstacorp PLC's (AAA(lka)/Stable) foray into the Sri Lankan healthcare industry will help diversify its cash flows away from its focus on spirits over the longer term, Fitch Ratings says.
Prabhash Subasinghe, Chairman - EDB, predicted a bright future for Sri Lanka’s fruit and vegetable exporters, as the new government under the guidance of HE President Gotabaya Rajapaksa has placed a great emphasis to develop agriculture via advanced technologies.
Headline inflation as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100) increased to 6.2 percent in February 2020 from 5.7 percent in January 2020.
Mobitel and Gamer.LK successfully concludes Sri Lanka’s largest Mobile Esports Premier League championship »
Business News: Keeping true to its promise of uplifting the Esports industry in Sri Lanka, Mobitel, the premier connectivity provider, in
Sri Lanka’s fastest-growing life insurer, Softlogic Life, recognized its top-performing employees from the organization’s Alternate Distribution Channel recently at the inaugural Alternate Channel Sales Awards 2020, held at the Cinnamon Grand Colombo.
CIPM Sri Lanka the Nation’s leader in human resource management entered into a Memorandum of Understanding (MOU) with the Benedict XVI Catholic Institute of Higher Education (BCI) based in Negombo for facilitating academic cooperation, knowledge exchange and capacity building for developing competent human resource management professionals to serve the economy of Sri Lanka.
MillenniumIT ESP – one of Sri Lanka’s leading Systems Integrator and Information Systems provider recently formed a strategic partnership with MintHRM, a cloud based Human Resource Information System provider, to serve its key markets with a diverse portfolio of solutions focusing on human capital transformation and management.
EFL 3PL’s Global Goodness Initiative sets benchmark for a sustainable logistics business in Sri Lanka »
EFL 3PL, the logistics and 3PL arm of Expolanka PLC, successfully expanded the capacity of its solar powered facility at Orugodawatta, in line with the company’s Global Goodness initiative.
Business News: Nations Trust Bank closed the financial year 31st December 2016 with a post-tax profit of Rs.2,869Mn, up by 10%
Star Garment Group (‘Star’), a leading global manufacturing company, announced that the company’s Innovation Center has received the 2020 Merit Award Winner in the category of Sustainability from the AIA New York (AIANY).