Sri Lanka Business News Today

Business News Today

Amana Bank Children’s Savings Gift Fiesta is back

February 20, 2020

Owing to the resounding success and overwhelming customer response it has had in the previous years, Amãna Bank has once again introduced its highly rewarding Children’s Savings Grow Your Balance Gift Fiesta for the year 2020.

Sumith Cumaranatunga appointed Chairman, Siyapatha Finance

February 20, 2020

Siyapatha Finance PLC, a leading financial organization in Sri Lanka has appointment Palavinnege Sumith Cumaranatunga as Chairman ewith effect from February 12. The appointment follows the retirement of Channa Palansuriya.

Sri Lanka shows its colors at FESPO Travel Fair, Zurich, Switzerland

February 20, 2020

Sri Lanka showed its commitment to highlight the destination an iconic tourist hotspot by attracting the Swiss citizens, as it participated at the FESPO Travel Fair, Zurich, Switzerland, which was held from 31st January to 03rd February 2020.

Pan Asia Bank Records Best Ever Financial Results

February 20, 2020

Pan Asia Banking Corporation PLC, “the Truly Sri Lankan Bank” ended 2019 Q4 with its best financial results ever, to report a Post Tax Profit of Rs.726.84 million during the final quarter, recording an impressive growth of 58% demonstrating its resilience amidst challenging conditions.

Introducing Nations Tax Planner Accounts

February 20, 2020

In January 2020, the longstanding PAYE tax for salaried individuals was removed, and instead replaced with a quarterly income tax payment platform. The income tax payments need to be calculated and settled as a cumulative on a quarterly basis.

Leasing made easy with ‘Nations On-Site Leasing’ from Nations Trust Bank

February 20, 2020

Nations Leasing from Nations Trust Bank introduces yet another pioneering first for Sri Lanka in the digital front, with the revolutionary “Nations On-site Leasing’ proposition”. The new offering is a dream come true for vehicle buyers and sellers alike, enabling the completion of the full lease process at the vehicle sales point, potentially enabling new owners to drive away on the same day.

Instant account openings with your Stock broker under a Decentralization project of CDS

February 20, 2020

Sri Lankans can now open a securities account instantly with their Stock broker under a new decentralization program by the Central Depository Systems (CDS) eliminating the need to forward application forms and connected documents to CDS and wait for the CDS to open the account and confirm to the stock Broker and for the stock broker to notify the account holder.

Dialog Axiata dials fresh $ 250 m investment agreement with BoI

February 20, 2020

Dialog Axiata Group, the largest Foreign Direct Investor (FDI) operating under the aegis of the Board of Investment of Sri Lanka (BOI), yesterday announced the entering into of two supplementary agreements with the BOI for the investment of an additional $ 254.1 million (Rs. 46.1 billion) in Sri Lanka’s ICT infrastructure.

John Keells Properties partners with Union Assurance to provide life cover for TRI-ZEN customers

February 20, 2020

John Keells Properties signed a partnership agreement with Union Assurance -one of the country’s leading life insurance providers for corporates and individuals- to provide a comprehensive life insurance solution for TRI-ZEN customers.

Ceylinco Life closes 2019 with PBT Rs 8.2 billion, revenue of Rs 32.1 billion

February 20, 2020

Ceylinco Life has ended 2019 on a characteristically strong note, with consolidated income of Rs 32.1 billion for the 12 months ending 31st December 2019, reflecting top line growth of 9.9 per cent.

Aster Residencies opens doors in Nugegoda

February 20, 2020

Aster Residencies (Pvt) Ltd completed construction of its flagship residential project, handing over brand new apartments to residents, many of whom are first-time homeowners. The complex has been designed to offer true affordability and trusted quality for people seeking upscale apartment living, consisting of modern amenities and high-quality finishes, coupled with quick access to Colombo city. The condominium project is a joint venture between Aster Residencies (Pvt) Ltd and Maga Engineering, Sri Lanka’s largest construction company.

Expo Visa Services to provide free visa application services to persons with disabilities

February 20, 2020

In a bid to extend a practical helping hand to persons with disabilities, Expo Visa Services, a subsidiary of Expolanka Holdings reached out to the Specialised Training and Disability Resource Centre of Employers’ Federation of Ceylon (EFC) to provide visa application services to persons with disabilities seeking foreign training opportunities.

Seylan Bank Emerges Runners Up At The ACCA Sri Lanka Sustainability Reporting Awards 2020

February 20, 2020

Seylan Bank emerged runners up in the banking sector at the ACCA Sri Lanka Sustainability Reporting Awards 2020, which concluded recently.

Sampath Bank Declares a Full Cash Dividend of Rs 11.75 per share

February 20, 2020

Sampath Bank’s Board of Directors has recommended a final cash dividend of Rs 11.75 per share to be paid for the financial year ended 31st December 2019 subject to the approval of the shareholders at the Annual General Meeting to be held on 30th March 2020. The dividend payout ratio for the year ended 31st December 2019 is over 40%.

Woman-centric professional platform WERK launches as corporate partners get on board

February 20, 2020

WERK, Sri Lanka’s first online woman-centric professional network, was launched amidst much anticipation on Saturday, 15 February at Hatch in Colombo. The well-attended event brought together invitees from various stages in their respective professional lives, paving the way for a promising line-up of projects from the new online platform.

Team Seylan rewarded with trip to Singapore by MasterCard

February 20, 2020

Seven members of team Seylan Bank has been rewarded by MasterCard for its excellent performance in promoting the Seylan Freedom Credit Card during a two-month promotional period.

Dialog FY 2019 NPAT Rs10.8Bn, Contribution to GoSL Tax Revenue Tops Rs33.3Bn

February 20, 2020

Dialog Axiata PLC announced its consolidated financial results for the year ended 31st December 2019. Financial results included those of Dialog Axiata PLC (the “Company”) and of the Dialog Axiata Group

Mobitel powers Sri Lanka’s largest PUBG Mobile league tournament

February 20, 2020

With a pledge to build the eSports category, Mobitel, the premier connectivity provider in partnership with Gamer.LK has come forward to power Sri Lanka’s largest Mobile league tournament.

Unilever Sri Lanka introduces Plastic Free Packaging for Pears Baby Soap Cartons

February 20, 2020

Unilever Sri Lanka has developed a plastic-free, environment-friendly packaging for its trusted baby care soap brand – Pears Baby, taking an important step forward to help curb the amount of plastic that enters the environment.

Sri Lanka Institute of Marketing to conduct SLIM DIGIS 2020

February 20, 2020

Sri Lanka Institute of Marketing (SLIM), the national body for Marketing in Sri Lanka, announced the instigation of their annual award ceremony, SLIM DIGIS 2.0, for the year 2019.

Ensuring education and a brighter future for communities hit by CKDu

February 19, 2020

IconicSri Lankan multinational conglomerate, Hayleys PLC completed its sixth annual school supply distribution initiative for the 2020 academic year, as part of a long-standing commitment by the group to support rural communities in the North and North Central Provinces under the banner of its flagship ‘Puritas Sathdiyawara: Going Beyond’.

Sunshine Holdings records Rs.15.8 bn revenue, a dip of 4.9% YoY

February 19, 2020

Sunshine Holdings PLC reported notable growth in bottom-line performances during the first nine months of the current financial year (9MFY20). During this period, the Group posted consolidated revenue of Rs. 15.8 billion, delivering a 32.3% Year-on-Year (YoY) increase in Profits After Tax (PAT).

Atlas Axillia rewards loyal Chooty fans with gifts

February 19, 2020

Atlas Axillia recently conducted the Atlas Chooty Rahasak Thagi Godak a promotion inviting Atlas Chooty enthusiasts to send in three empty refills, where each entrant was subsequently entered into the draw.

CIPM Panel Discussion Concludes with Consensus on Embracing Change in Public Sector

February 19, 2020

CIPM Sri Lanka – the Nation’s leader in human resource management organized a ½ day seminar and panel discussion on the topic “Promising Prospects for HR in the Public Sector” on Tuesday 11th February at “HR House” in Colombo 5.

UNIDO opens food laboratory at Industrial Development Board

February 19, 2020

Within the framework of the EU-Sri Lanka Trade Related Assistance project, funded by the European Union (EU) and co-implemented by the United Nations Industrial Development Organization (UNIDO) and the International Trade Centre (ITC), UNIDO is facilitating the achievement of international recognition for select conformity assessment bodies (CAB) to increase the supply and array of quality infrastructure services offered to enterprises in the food and spices sectors in Sri Lanka.

Deutsche Bank launches digital FX platform for corporate clients in Sri Lanka

February 19, 2020

Deutsche Bank  announced it is investing in Sri Lanka and launching a major push into the corporate client market, with the rollout of a new digitally-enhanced foreign exchange (FX) platform.

Ceylon Chamber identifies Afghanistan as a potential market to further expand business with Sri Lanka

February 19, 2020

“I am very grateful to H.E. the President Gotabaya Rajapaksa and the Hon. Prime Minister Mahinda Rajapaksa for their deep interest in elevating Afghanistan - Sri Lankan bilateral ties and further enhancing our two countries’ cooperation within the South Asian Association for Regional Cooperation (SAARC),

EDB continues to promote Sri Lanka ICT and BPM products in Japan 2020

February 19, 2020

The Sri Lanka Export Development Board (EDB) is on a call for applications from companies with cutting-edge technologies to join its delegation to Japan IT Week 2020 from 8-10 April.

EDB Establishes a Help Desk For Customers

February 19, 2020

The Export Development Board has taken an initiative to enhance the efficiency and effectiveness of EDB Services delivering satisfaction to all customers. The Exporters, Entrepreneurs and public alike will be assisted through the Help Desk on support services and necessary guidance on other related Institutions.

Sri Lanka Participates At Tourist Travel Fair In Estonia

February 19, 2020

The Sri Lanka Tourism Promotion Bureau (SLTPB) in partnership with the Embassy of Sri Lanka in Sweden arranged the participation of Sri Lankan Destination Management Companies (DMCs) at Tourest 2020 in Tallin, Estonia on 7-9 February.

Sri Lanka at Biofach 2020 In Nuremberg, Germany

February 19, 2020

The Consulate General of Sri Lanka in Frankfurt assisted the Export Development Board in organizing the Sri Lanka Pavilion at the World´s Leading Trade Fair for ‘Organic Food and Natural Beauty’ – BIOFACH 2020 in Nuremberg, Germany from 12 to 15 February 2020.

Fitch affirms Siyapatha Finance at ‘A(lka)’; Outlook Stable

February 18, 2020

Fitch Ratings has affirmed Siyapatha Finance PLC’s National Long-Term Rating of ‘A-(lka)’. The Outlook is Stable. The agency has also affirmed the National Long-Term Rating on Siyapatha’s senior unsecured debentures at ‘A-(lka)’ and subordinated debentures at ‘BBB+(lka)’.

Fitch affirms Singer Finance at ‘BBB(lka)’; Outlook Stable

February 18, 2020

Fitch Ratings has affirmed Singer Finance (Lanka) PLC’s (SFL) National LongTerm Rating at ‘BBB(lka)’. The Outlook is Stable. A full list of rating actions is at the end of this commentary.

Fitch rates DFCC’s Basel III sub-debt ‘A+(EXP)(lka)’

February 18, 2020

Fitch Ratings has assigned DFCC Bank Plc’s (DFCC, AA-(lka)/Negative) proposed Sri Lanka rupee-denominated Basel III-compliant subordinated debentures an expected National Long-Term Rating of ‘A+(EXP)(lka)’.

99X Technology Invests in Building Product Management Capability for Next Wave of Growth

February 18, 2020

With a renewed focus on empowering their employees to become product consultants to a growing global clientele, software product engineering specialist 99X Technology engaged Tarigo Consulting, UK to conduct Product Management workshops to drive their next wave of growth.

Standard Chartered is Proud to #StandRed with Liverpool FC for 10 Years

February 18, 2020

Standard Chartered has been the Official Main Partner of Liverpool FC (LFC) since 2010 and this year marks the 10th anniversary of the longstanding partnership.

NDB Becomes the Official Team Sponsor of Trinity Rugby 2020 as well as the Official Sponsor for the 76th Bradby Shield

February 18, 2020

NDB Bank recently joined hands with Trinity College, Kandy for the first time as the official sponsor of Trinity Rugby 2020 as well as the official sponsor for the 76th Bradby Shield. Trinity College, Kandy has a rich and proud history in Rugby. Trinity took up Rugby in 1906 and is the only School to continue playing rugby to date.

Coca-Cola rehabilitates two water reservoirs to open floodgates for economic and social empowerment

February 18, 2020

Restoring the marvel of ancient engineering in Sri Lanka, Coca-Cola Beverages Sri Lanka Ltd. (CCBSL) with the funding support of The Coca-Cola Foundation, and under its commitment to water stewardship, took the lead to rejuvenate two key water reservoirs in the marginalized village of Thammanawa in Anuradhapura.

Sarvodaya-Fusion partners with Open University of Sri Lanka and NIBM to offer advanced ICT education to rural children

February 18, 2020

In line with its mission to offer valuable Information and Communication Technology (ICT) education opportunities to rural youth, Sarvodaya-Fusion recently partnered with the Open University of Sri Lanka (OUSL) and National Institute of Business Management (NIBM) to facilitate advanced ICT learning opportunities to students across the island.

Seylan Bank Successfully Concludes “Diyunuwata Saviyak” SME Workshop

February 18, 2020

As the bank with a heart, driven with a strong desire towards progressive knowledge sharing and transformation, Seylan Bank recently concluded “Divunuwata Saviyak”, a knowledge-sharing workshop for potential entrepreneurs interested in the export sector. The event was held at the Full Moon Garden Hotel in Katunayake recently.

Singer Partners with Cake Specialist Dushanthi Madanayake to enhance User Experience

February 18, 2020

Singer, country’s premier consumer durables retailer recently partnered with cake specialist, Dushanthi Madanayake in an attempt to provide an all-new user experience for food enthusiasts who are passionate about baking products and equipment.

HNB Assurance produces 75 MDRT qualifiers for 2020

February 18, 2020

HNB Assurance PLC (HNBA) announced its qualifiers for the upcoming prestigious Million Dollar Round Table Conference (MDRT) in the United States of America. The Company has produced its highest number of MDRT qualifiers of 75, including 3 Court of the Table (COT) qualifiers and 1 Top of the Table qualifier (TOT). This is the highest number of MDRT and COT achievers the Company has produced.

CIPM Sri Lanka to Provide Training for Officers of Maldives Civil Service Commission

February 18, 2020

CIPM Sri Lanka – the Nation’s leader in human resource management hosted the President of the Civil Service Commission of Maldives (CSC) – Dr. Aly Shameem (PhD) and Ms. Maryam Saaniga Rasheedh – Second Secretary of the Maldivian High Commission in Colombo for a discussion on the capabilities of CIPM Sri Lanka in assisting the CSC in building capacity to fulfill its future endeavors and objectives.

‘Level up-to a quality smartphone experience with the new Nokia C1’

February 18, 2020

HMD Global, the home of Nokia phones, announces the Nokia C1 availability in Sri Lanka, a smartphone designed to entertain – anytime, anywhere. Nokia C1 featurs an impressive 5.45" display and with lighter apps and less bloatware,

Pan Asia Bank celebrates Valentine’s Day

February 18, 2020

Pan Asia Bank, recently introduced yet another novel concept internally to enhance employee engagement coinciding with the Valentine’s Day.

“So Sri Lanka: The Resplendent Island” Tourism Promotion And High-Level Networking Session

February 18, 2020

The Embassy of Sri Lanka in Manila, in cooperation with the Sri Lanka Tourism Promotion Bureau (SLTPB), organized a tourism promotion and high-level networking session themed “So Sri Lanka: The Resplendent Island” on 5 February 2020 at Shangri-La Makati. The event was held in line with the SLTPB’s participation at the PTAA Travel Tour Expo 2020.

Sri Lanka Food Festival Intrigues Turkey

February 18, 2020

Sri Lanka Food Festival 2020, Turkey concluded in a high note in Ankara and historic city of Istanbul. The Embassy of Sri Lanka, Ankara coinciding with the 72nd Anniversary of Independence of Sri Lanka in collaboration with the Hilton hotel Colombo, Qatar Airways, Swiss Hotel in Ankara, Hotel Anemon Galata, Istanbul and Beta Tea House, Istanbul organized Sri Lanka Food Festival 2020 Ankara segment from 04-05 February and Istanbul segment from 08 -10 February.

Exports declined while expenditure on imports increased during December 2019

February 18, 2020

Earnings from exports declined while expenditure on imports increased during December 2019, widening the trade deficit. During the year 2019, the trade deficit contracted significantly, driven by a sharp contraction in import expenditure.

Siyapatha Finance introduces Siyapatha Debit Card

February 18, 2020

Siyapatha Finance PLC, being the first finance company to join the National Card Scheme of Lanka Clear, launched the JCB/LankaPay/Siyapatha Dual Interface Debit Card (Siyapatha Card) on Wednesday 12th February 2020.

Hambantota Port observes employees returned from China before epidemic broke

February 18, 2020

With the coronavirus epidemic becoming a serious cause for concern, the Hambantota International Port (HIP) has put in place several measures to ensure the safety of their staff, environment, and the general public.

Sri Lanka’s Paragon Holdings launch augmented reality app

February 18, 2020

Paragon Holdings, specialising in outdoor advertising, TV & Radio advertising production, event management, and digital marketing announced the launch of their augmented reality application through Sri Lanka Augmented Reality (SLAR), recently in Colombo.

Aitken Spence Travels, first DMC to be Travelife Certified

February 17, 2020

Aitken Spence Travels the leading destination management company in Sri Lanka has been awarded the Travelife Certified sustainability award. The Travelife Certified award is recognition for the company’s long-term efforts and leading position regarding sustainability and corporate social responsibility.

Dialog Launched the Innovative Apple Watch Series 5 in Sri Lanka

February 17, 2020

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider and the only 4G VoLTE and VoWiFi mobile network, authorised reseller and partner network for Apple devices, launched the highly anticipated Apple Watch Series 5 in Sri Lanka on 7th February 2020.

Arimac Digital and Harpo’s Pizza partner to launch ‘Harpo’s Pizza Rush’

February 17, 2020

IMI Games, Sri Lanka’s premier online gaming platform by Arimac Digital has partnered with Sri Lanka’s first-ever home grown Pizza brand, Harpo’s Pizza & Pasta to launch their brand-oriented gamification project, ‘Harpo’s Pizza Rush’on IMI games platform.

Dwaraka in Mount Lavinia offers ‘authentic’ North & South Indian flavors

February 17, 2020

Dwaraka, a pure vegetarian spot for authentic North and South Indian flavors opened their second restaurant at Old Quarry Road, Mount Lavinia recently. The fully air conditioned restaurant has a spacious dining area that comfortably accommodates 100 persons with all modern facilities.

Airtel launches ‘Data Double, Awasi Double’

February 17, 2020

Cementing its presence as the most preferred mobile service provider among youth, Airtel Lanka recently announced ‘Data Double, Awasi Double’ the telco’s latest package which provides double data benefits. The new offer aims to provide users with maximum value by delivering 100% extra data on Rs. 99 recharges via the ‘My Airtel’ App.

70 ComBank branches to stay open on February 21 – Mahasivarathri Day

February 17, 2020

The Commercial Bank of Ceylon has announced it will keep 70 branches open for business on Friday, 21st February, a Public and Bank holiday to mark the celebration of Mahasivarathri.

Classic Travel and FlySmiLes encouraging all to fly more – • FlySmiLes members can earn a free mile on the membership program for every LKR 100 spent at Classic Travel

February 17, 2020

Classic Travel, a subsidiary of Expolanka Holdings PLC, will be the first travel agency to partner with SriLankan Airlines. The company will join a large network of international and local partners that offer the airlines’ passengers benefits and rewards on their FlySmiLes membership.

ComBank Chairman graces Sri Lankan Chartered Accountants’ event in Kuwait

February 17, 2020

Commercial Bank of Ceylon Chairman Mr Dharma Dheerasinghe was the Chief Guest and keynote speaker at ‘New Horizons’ – a special programme organised by the Kuwait Chapter of Sri Lankan Chartered Accountants to promote Sri Lanka as a land of opportunities.

Bank of Ceylon Awards 2000 Ran Kekulu Scholarships to Grade 5 Scholarship highflyers

February 17, 2020

The Bank of Ceylon felicitated two thousand Grade 5 scholarship highflyers of 2019 recently with a scholarship worth Rs.15,000/- each, encouraging students to pursue their education diligently.

Amana Bank Ladies Shopping Bonanza Is Back

February 17, 2020

In appreciation of the significant contribution of women towards enriching the many lives around them, Amãna Bank has once again launched its “Ladies Shopping Bonanza” promotion for its Ladies Savings Debit Card holders.

Dhammika Perera signs MoU with luxury brands, Ritz Carlton and JW Marriott

February 13, 2020

Corporate trailblazer, Chairman of Greener Water Limited Dhammika Perera (Fully owned subsidiary of Vallibel One PLC) and Chairman of Summer Season Limited Mohan Pandithage signed two groundbreaking MOUs to establish global luxury brands JW Marriott & Ritz Carlton in Sri Lanka.

Teejay posts 9-month PBT of Rs 2.36 billion on sales of Rs 26.3 billion

February 13, 2020

Teejay Lanka PLC has reported profit before tax of Rs 2.364 billion at Group level for the nine months ending December 31, 2019, an improvement of 56% over the corresponding period of the previous year.

Hajar Alafifi assumes duties as Chairperson of Unilever Sri Lanka

February 13, 2020

With effect from 1st February 2020, Hajar Alafifi assumed duties as Chairperson of Unilever Sri Lanka and joins the Unilever South Asia Leadership Team. Taking the helm from her predecessor, Carl Cruz who has been appointed as Managing Director, Unilever West Africa Multi Country Operation (MCO) – Ghana and Nigeria.

Sri Lanka Insurance relocates Gampaha Branch

February 13, 2020

Sri Lanka Insurance relocates the Gampaha branch providing total insurance solutions with a hassle free customer experience for the customers in the area.

AIA Suwa Diriya; A life insurance plan that helps you fight the fear of critical illness

February 13, 2020

Everyone aspires to live a long healthy life and as we go on this journey, we do everything we can to ensure our families are happy. But things don’t always go as planned and unwelcomed things can happen. That is why having a life insurance plan is important, so that even in unfortunate times, your family can remain financially secure.

AkzoNobel Sri Lanka kicks off Let’s Colour initiative with a successful event at SOS Children’s Village in Monaragala

February 13, 2020

AkzoNobel Paints recently kicked-off its activity in Sri Lanka as part of its partnership with SOS Children’s Villages, where employees volunteered to visit the SOS Village in Monaragala for a fun-filled day which involved the painting of an entire family home, the donation of paint for the rest of the Village, as well as enjoyable activities for the children.

EDB Continues The Marketing Support For The Boat Building Sector

February 13, 2020

Boat Building is a focused sector identified in the National Export Strategy (NES) 2018-2020 as it has the potential to contribute markedly to the foreign exchange earnings of the country.

Aitken Spence PLC: Revenue grows 3.3% to Rs. 43.8 Billion

February 13, 2020

Aitken Spence PLC remained resilient during a difficult period through its diversity of investments in eight countries, thereby recording favourable results for the nine months ended December 2019.

The first IPO since January 2018

February 13, 2020

HNB Finance Limited, a licensed finance company has obtained approval from the Colombo Stock Exchange to list its voting and non-voting ordinary shares.

Union Bank’s new and improved BizDirect+ provides expert tools for liquidity management

February 13, 2020

Union Bank announced the re-launch of latest Union Bank BizDirect+ proposition which is enhanced with new features for better performance and convenience of clients.

Prayers at Dewatagaha Mosque in celebration of ComBank’s centenary

February 13, 2020

Special prayers were offered at the Dewatagaha Mosque at C. W. W. Kannangara Mawatha, Colombo 7 recently to mark the 100th anniversary of the Commercial Bank of Ceylon.

ComBank plants trees in Kandy City as part of centenary celebrations

February 13, 2020

The focus of the centenary celebrations of the Commercial Bank of Ceylon moved to Kandy recently when the Bank engaged in a tree planting project in the hill country capital to mark the milestone.

BOC Partners with Mobitel to introduce digital payments through Smartpay

February 13, 2020

Sri Lanka’s No. 1 bank, BOC recently joined hands with Sri Lanka’s National Mobile Service Provider, Mobitel, to deliver convenience to Mobitel customers in making digital payments through QR (quick response) code based payment solution, SmartPay.

Emirates flies Team Sri Lanka to 2020 Culinary Olympics

February 13, 2020

Dreams of culinary glory on the world stage took wing on Emirates to Germany this week, when the stars of Sri Lankan chefdom departed for the 2020 Culinary Olympics with the support and blessings of the world’s leading international airline.

Automobile Component Manufacturing Industry To Link To The Global Value Chain

February 13, 2020

The global trading environment is evolving rapidly with numerous developments in global production networks and global value chains. These developments are a result of product fragmentation; cross boarder dispersion of components and production/assembly.

It’s no myth: Kia surprises again with confident and hip Seltos

February 11, 2020

The inspiration for its name may be rooted in mythology, but Kia’s Seltos SUV wowed the audience with its very real looks and muscle at a grand Colombo preview befitting the debut of a new automotive deity from the pantheon of the Korean car maker.

SriLankan Airlines flies in West Indies cricket squad to Sri Lanka

February 11, 2020

SriLankan Airlines flew the West Indies cricket team into Colombo yesterday for its tour of Sri Lanka. The 25-member squad flew in from London on two flights, enjoying the comforts of the national carrier’s Business Class cabin.

NDTV’s Coverage of Colombo Fashion Week as part of Celebrate Colombo wins Indian Television Academy Award

February 11, 2020

NDTV’s coverage of Colombo Fashion Week as part of showcasing fashion during the creative festival, Celebrate Colombo by So Sri Lanka has won at the prestigious Indian Television Academy Awards, making it a milestone win for NDTV.

DSI announces launch of the 20th DSI Supersport Schools Volleyball Championship

February 11, 2020

On the 06th of February 2020 DSI announced the launch of the 20th DSI Supersport Schools Volleyball Championship at a press conference held at Hotel Nippon, Colombo.

Hindu religious observances to mark ComBank’s 100th anniversary

February 11, 2020

Hindu religious observances including Abhisheka poojas were conducted at Sri Kailasanathar Devasthanam, Maradana in February, to invoke blessings on the country as well as on the customers and staff of the Commercial Bank of Ceylon and their families as part of the Bank’s celebration of its 100th anniversary.

Land as an investment tool creates greater appeal for the affluent

February 11, 2020

Land has been a commodity that has been looked upon as an investment for generations. The general understanding is to obtain land for housing or commercial purposes. However, land purely as a tool of investment has increasingly become an area of interest.

MillenniumIT ESP carries out the fastest Oracle ERP Implementation for HNBA

February 11, 2020

MillenniumIT ESP – one of Sri Lanka’s leading Systems Integrator and Information Systems Provider – recently announced that it has successfully implemented the Oracle ERP Cloud platform for HNB Assurance (HNBA), a leading insurance service provider in Sri Lanka.

What’s Shaping the Outlook for 2020? The Ceylon Chamber’s Outlook 2020 Report Explores the Year Ahead

February 11, 2020

The Ceylon Chamber of Commerce launched its annual Outlook Report for 2020, at the Economy + Sector Review and Outlook 2020 event on Monday (10th).

BMICH Nominated for Global Best Employer Brand Award in India

February 11, 2020

BMICH – Sri Lanka’s iconic landmark and South Asia’s Leading Convention & Exhibition Centre has been selected to be conferred with the title of a “Global Best Employer Brand” award in the MICE (Meetings, Incentives, Conferences & Exhibitions) category in the Asian Sector.

Employees living AIA’s brand promise at the Healthy Cook-Off

February 11, 2020

AIA Sri Lanka recently wrapped up the AIA Healthy Cook-Off for employees, a first of its kind at AIA Sri Lanka. This was a ‘healthy cooking competition’ that was part of the larger ‘Little Changes Challenge’ (LCC) launched by AIA to encourage people to make little changes that can make a big difference.

Fitch Revises Outlook on DSI Samson Group to Positive; Affirms at ‘BBB(lka)’

February 11, 2020

Fitch Ratings has revised the Outlook on Sri Lanka-based footwear and tyre manufacturer and retailer DSI Samson Group (Private) Limited (DSG) to Positive from Stable and has simultaneously affirmed the National Long-Term Rating at 'BBB(lka)'.

Cargills Bank Revolutionises Minor Savings: Introduces New Fixed-Deposit Scheme

February 11, 2020

Cargills Bank recently announced the launch of its newly crafted fixed-deposit scheme tailored towards minors, with an aim to encourage and inculcate the habit of long-term savings among children, as well as adults.

Fitch Affirms Sri Lanka’s Continental Insurance at ‘A(lka)’/Stable

February 11, 2020

Fitch Ratings has affirmed Continental Insurance Lanka Limited's (CILL) National Insurer Financial Strength (IFS) Rating at 'A(lka)'. The Outlook is Stable. The affirmation reflects CILL's moderate business profile, satisfactory financial performance and capital position, as well as its prudent investment mix.

ESOFT offers complete 3-year British degrees with assured internships

February 11, 2020

ESOFT Metro Campus, Sri Lanka’s largest private-sector higher education network with over 40 branches across the island creating opportunities for over 35,000 students annually, announced that it now offers complete three-year degree programmes through its partnership with the prestigious Kingston University London.

2019 was a hit. Now 2020 is looking even better for Daraz

February 10, 2020

Daraz is the leading e-commerce platform in Sri Lanka. After successfully achieving their goals for 2019, the outlook for 2020 is even more encouraging. Celebrating their 3rd anniversary last year, the brand’s key campaign – November’s 11.11 Sale.sale broke records. The rest of the Daraz ecosystem complemented the 11.11 surge, with popular pushes like Avurudu Waasi, Mobile Week and the Grand Christmas Sale.

Hemas Travels to feature world’s best romantic getaways at Wedding Show 2020

February 10, 2020

Wedding Show 2020, an exclusive exhibition aimed at helping couples craft their picture-perfect wedding, will take place on the 14th, 15th and 16th of February 2020 at the BMICH, coinciding with the month of love.

Softlogic Life records the highest number of MDRT qualifiers in the life insurance industry

February 10, 2020

Kickstarting the year 2020 in a winning spirit, Sri Lanka’s fastest-growing life insurer Softlogic Life announced that 104 members of their sales team have been qualified for the MDRT (Million Dollar Round Table) membership, the premier most form of international recognition bestowed upon insurance advisors in the world. The milestone sets a new record for Softlogic Life’s dynamic sales team as it leads the industry with the highest number of MDRT qualifiers in 2019. It is also the highest number of MDRT qualifiers produced by Softlogic Life in a single year.

The CEA awards ‘Melting Point Certification’ to ODEL Sri Lanka

February 10, 2020

The Central Environment Authority (CEA) recently awarded ODEL PLC Sri Lanka the ‘Melting Point Certification’ as a certified partner of its aluminum upcycling project. The latest project aims to increase awareness about environmental pollution and the importance of recycling through the production of handmade upcycled aluminum products available for sale at all ODEL outlets.

EFL 3PL expands logistics footprint with new state-of-the-art Fulfillment Center and Warehousing Complex in Kandana

February 10, 2020

EFL 3PL, a member of the leading conglomerate Expolanka PLC, recently established a new, state-of-the-art Fulfillment Center in Kandana located at 370A, Nugape Junction, Uswetakeiyawa, Kandana, to complement its award-winning third-party logistics and digital supply chain management solutions.

Iconic Developments announces construction of 22nd floor

February 10, 2020

Leading infrastructure developer, Iconic Developments marked the completion of the 21st floor of its latest high-end modern self-contained luxury living space, the Iconic Galaxy situated in Rajagiriya’s upscale locality.

Dialog holds Prashansa Future Connect Forum

February 10, 2020

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, held the programme segment of Dialog Prashansa – Future Connect Forum, the first initiative of its kind in Sri Lanka, in an attempt to educate and empower senior citizens on digital technology and build confidence and competence among the community.

Ceylon Dollar Bond Fund delivers 10.3% return

February 10, 2020

The Ceylon Dollar Bond Fund that invests exclusively in Sri Lankan government issued International Sovereign Bonds (ISB), and SLDBs reported a strong US$ performance of 10.3% in 2019 to investors, while the fund size reached US$ 23 million as at December 31, 2019, according to Ceylon Asset Management Managing Director, Dulindra Fernando. The January 2020 performance was 1.03% (annualised 12.18%).

Bank of Ceylon stretches 24 Hour Banking to Kalutara Police Training School and to Open University of Sri Lanka, Nawala

February 10, 2020

Bank of Ceylon expanded its 24 hour banking services to Kalutara Police Training School and Open University of Sri Lanka- Nawala, recently. These strategic expansions took place with the aim of providing added convenience of banking to trainees/ students, staff members and to the general public in those areas.

Make The Most Of Your Holidays With Nations Trust Bank American Express

February 10, 2020

Already earmarked the long weekends for 2020 and planning your getaways for the rest of the year? Are you looking to head to the hills for cooler climates? Perhaps a family reunion by a lagoon or a long overdue visit to Sigiriya? Or would you like to island hop amidst turquoise seas in the Maldives in April or indulge in a street food feast in Thailand in May?