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Lead Story

Sri Lanka Continues to Fare Poorly in Global Corruption Rankings

Sri Lanka has failed to show significant improvement in the Corruption Perceptions Index (CPI) 2017, released by Transparency International, the global movement against corruption. The index ranks 180 countries and territories by their perceived levels of public sector corruption. Sri Lanka has moved up 4 places from 95th to 91st, far more importantly its CPI…

(0) Comments | February 22, 2018 3:48 pm

Featured

George Steuart Health Appointed as Official Healthcare Partner of the 139th Royal Thomian Cricket Encounter

The premier sports medicine provider in Sri Lanka, George Steuart Health, steps on board as the Official Healthcare Partner at the 139th Battle of the Blues – the world renowned three day cricket encounter between S. Thomas’ College, Mt. Lavinia and Royal College, Colombo. The battle for the prestigious D S Senanayake Memorial Shield will…

(0) Comments | February 22, 2018 4:26 pm

Senarath Bandara appointed Bank of Ceylon’s GM/CEO

The Board of Directors of Bank of Ceylon (BOC) appointed Mr. Senarath Bandara as the Bank’s General Manager and Chief Executive Officer on Thursday, 22 February, upon receiving approval from the Central Bank of Sri Lanka and other relevant authorities. The appointment comes in the wake of the retirement of Mr. D.M. Gunasekera, a career…

(0) Comments | February 22, 2018 3:34 pm

Renewed boost for CA Sri Lanka’s Training Partner portfolio as 16 top companies come onboard

The training partner portfolio of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) received a fresh boost recently with 16 top companies coming on board to provide practical training for Business & Corporate level students of the institute. Accordingly, Ansell Lanka (Pvt) Ltd, Business Promoters & Partners Engineering (Pvt) Ltd, Co-operative Insurance…

(0) Comments | February 22, 2018 3:30 pm

Iconic Galaxy sponsors ‘Colombo Swimming Club Sports Gala’

Sri Lankan’s premium real estate developer, Iconic Developments Pvt Ltd will be sponsoring the ‘Colombo Swimming Club Sports Gala’ which is an annual event organized by the Colombo Swimming Club (CSC) for its members and families. One of the most popular events of the Club’s calendar, the event will take place from February 22 to…

(0) Comments | February 21, 2018 7:37 pm

SLTC’s ENTECH scholarship awarding ceremony to be held this week

The merit-based scholarship awarding ceremony by the Sri Lanka Technological Campus (SLTC) for Engineering and Technology students will be held on February 25 at the BMICH in Colombo. The ENTECH scholarships are awarded to motivate and encourage Youth Excellence by offering students the opportunity of getting a world-class education at Sri Lanka’s only research-based residential…

(0) Comments | February 21, 2018 7:29 pm

HNB spreads the savings habit with the launch of Gateway Student Savings Unit

Continuing in its pioneering efforts to inculcate the savings habit in children, Sri Lanka’s premiere private sector commercial bank, HNB PLC announced the opening of a new Student Savings Unit at Gateway College, Colombo. The new unit was declared open by Gateway Group Chairman, Dr. Harsha Alles and Managing Director, Rohini Alles together with senior…

(0) Comments | February 21, 2018 7:26 pm

Nawaloka Hospitals introduces special breast and prostate screening packages, exclusive 20% discount during February

Breast cancer and prostate cancer are among the top causes of death worldwide among women and men respectively. 2010 National Cancer Control Programme revealed that one in eight women in Sri Lanka had a probability of being susceptible to cancer. Prostate cancer on the other hand is also one of the commonest cancers in aging…

(0) Comments | February 21, 2018 6:44 pm

SLIM represents Sri Lanka at the prestigious conference in the Asia

Keynote speakers address vital topics at a prestigious event in the Philippines The Sri Lanka Institute of Marketing (SLIM) is constantly exploring new options and breaking boundaries to continue its quest to take the Sri Lankan Marketing sphere to the next level, not just locally, but internationally as well. With nearly 50 years of experience…

(0) Comments | February 21, 2018 6:39 pm

ARIYANA Resort Apartments launched by Home Lands Skyline

Resort Living at Your Doorstep   Going somewhere else to relax your mind & body will soon to be outdated, with the initiation of Home Lands Skyline’s – ARIYANA Resort Apartments – one of its kind of project, which has already changed the concept of apartment living. For the first time in Sri Lanka, with…

(0) Comments | February 21, 2018 3:45 pm

JLanka Technologies – Creating a space for Engineers and Architects to come together

Sri Lanka’s pioneer and leader in Solar PV (Photovoltaic) Systems and Next Generation Energy Technologies – JLanka Technologies is committed to lighting up the country’s trail towards a greener future with its technological expertise and industry strength. The Company has to date completed over 3000 projects and surpassed the 25MW of electrical capacity. Serving a…

(0) Comments | February 21, 2018 3:36 pm

Top News

Inflation in January 2018

Inflation, as measured by the change in the National Consumer Price Index (NCPI) (2013=100), which is compiled by the Department of Census and Statistics (DCS), decreased to 5.4 per cent in January 2018 from 7.3 per cent in December 2017, on year-on-year basis. This decline is due to the high base prevailed in January 2017…

(0) Comments | February 22, 2018 11:12 am

Ceylinco Life’s net profit surges 95% to Rs 6 billion

Retains top spot in life insurance for 14th successive year with premium income of Rs 15.7 bn. Assets cross Rs 100 billion to Rs 106 billion   Ceylinco Life has posted net profit of Rs 6 billion for the year ending 31st December 2017 while reaffirming its market leadership in Sri Lanka’s life insurance industry…

(0) Comments | February 22, 2018 10:39 am

Sri Lankan stocks hit over 3-month high; bluechips lead

Reuters – Sri Lankan shares ended higher for a fifth straight session on Wednesday led by bluechips on hopes of political stability after two key parties decided to remain in the ruling coalition, allaying fears of a government collapse. The Colombo stock index ended 0.32 percent firmer at 6,598.73, its highest close since Nov. 6,…

(0) Comments | February 22, 2018 9:23 am

Digital and Customer Service Excellence propel HNB Group PAT to Rs 16.7 Bn in 2017

Bank PAT Rs 16.5 Bn Lowest recorded cost to income ratio of 4% Group Assets cross Rs 1 Trillion Deposits surpass Rs 700 Bn Strong capital position with a CAR of 17% HNB successfully weathered the challenges that arose in 2017 while leveraging upon new growth opportunities to post a profit after tax (PAT) of…

(0) Comments | February 21, 2018 7:49 pm

Are Sri Lanka and the SAARC region capable of tackling any cyber threat?

~ In conversation with Sunil Sharma, Managing Director – Sales (India & SAARC) of Sophos Technologies Pvt. Ltd. Q: Sophos is one of the key leaders in the cyber security space. Can you briefly describe what the company is about? A: Sophos Technologies was established in 1985 in the UK. For the last 32 years,…

(0) Comments | February 21, 2018 6:51 pm

DFCC Bank Records An Impressive Performance In 2017

DFCC Bank continued to demonstrate positive momentum across businesses in 2017 as a rapidly growing commercial bank completing its second year after the amalgamation.   Despite a backdrop of higher taxes, volatile interest rates, tight margins and intensifying competition, the Bank closed the financial year ended 31st December 2017 with a profit before tax of…

(0) Comments | February 21, 2018 3:33 pm

Elevating the Artist : How the John Keells Foundation re-imagines CSR

By Natalie Soysa Large enterprises engaging in CSR activities may be commonplace, but its ability to empower lives is incomparable. Some of the biggest brands in the world have opted to re-visit what CSR means, changing the corporate responsibility game altogether. In America, Google CEO Sundar Pichai opted to stand up for “what’s right” through…

(0) Comments | February 21, 2018 3:19 pm

CBSL says Financial stability is essential for prosperity and sustainability

Financial stability is a necessary condition for achieving prosperity and sustainable growth in the country the Governor of the Central bank of Sri Lanka Dr. Indrajit Coomaraswamy said yesterday. He also pointed out that constructive and effective relationships between the prudent supervisors and audit regulators can enhance financial sector supervisions Speaking at the 12th International…

(0) Comments | February 21, 2018 2:24 pm
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Analysis

Business Sentiment – Biz Confidence Inches Up At End 2017

The business confidence gauge remains intact for the time being ahead of more elections In early December, Sri Lanka formally handed over the Hambantota Port to China on a 99 year lease despite criticism that the move could lead to an erosion of the country’s standing as a sovereign state. The southern port has incurred…

(0) Comments | January 29, 2018 1:09 pm

Government’s Take On GSP+ Facility Reflects In Export Increase

Perceived Economic Opportunity PEO: October, 2017   This brief report of the Perceived Economic Opportunity (PEO) presents the analysis of a random survey carried out using a random sample of 400 men and women covering all districts in Sri Lanka on their expectations of economic prospects in the ensuing twelve months. STATUS OF JOB PROSPECTS…

(0) Comments | January 15, 2018 12:54 pm

The Ability To Save Grows Higher

Perceived Economic Opportunity PEO: September, 2017 This brief report of the Perceived Economic Opportunity (PEO) presents the analysis of a random survey carried out using a random sample of 400 men and women covering all districts in Sri Lanka on their expectations of economic prospects in the ensuing twelve months.   STATUS OF JOB PROSPECTS…

(0) Comments | January 4, 2018 11:11 am
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