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Cargills Bank opens in Wattala

Cargills Bank opened its new branch in Wattala recently which is located at No 315, Negombo Road, Wattala giving an opportunity to customers of Wattala to experience superior banking service and convenience. The new Cargills Bank branch was declared open by Chief Guest Mrs. P D T C Rajika – Divisional Secretary Wattala, in the presence…

(0) Comments | September 22, 2017 2:59 pm

Featured

Breakfast all day at the Waffle Café

Someone once said that the most important meal of the day is your breakfast, but no one really specified and said breakfast needs to be a “morning thing”. Keeping this in mind, Colombo’s pioneering café to serve anything and everything with a good ol’ warm waffle “The Waffle Café”, recently introduced an “All-Day Breakfast” to…

(0) Comments | September 22, 2017 3:29 pm

Cathy Rich marks 25 years of food processing technology leadership in Sri Lanka

Sri Lanka’s pioneer in food processing technology Cathy Rich marked the completion of 25 years in Sri Lanka. To mark the special occasion, a number of special events were held in Cathy Rich Food Processing Training Center at Yodhagama, Embilipitiya. One of the main events was the technical workshop on food processing which was conducted…

(0) Comments | September 22, 2017 3:17 pm

The President of IASL and Chairman of MSF – The Role of the Insurance Industry

Following the declaration of the 1st of September as National Insurance Day and with Insurance Awareness Month well under way, the President of the Insurance Association of Sri Lanka, Mr. Deepthi Lokuarachchi and the Chairman of the Marketing and Sales Forum, Mr. Hashra Weerawardena were keen to express their ideas and opinions on certain aspects…

(0) Comments | September 22, 2017 3:10 pm

HNB takes 274 Singithi depositors on guided tour of Ratmalana airport and Colombo port

Seeking to cultivate the savings habit in young Sri Lankans, Hatton National Bank rewarded 274 selected winners of the HNB Singithi Depositors competition together with their parents for a special educational tour around a series of landmark locations across Colombo. Having conducted the competition for the last 4 years, the October 2016 edition of HNB…

(0) Comments | September 21, 2017 10:15 pm

Zone24x7 named best value added exporter in hi-tech and innovative products sector

Zone24x7 Pvt Ltd, part of a global end-to-end technology innovations company established in 2003 with its headquarter based in Silicon Valley, California, was again for the third consecutive year awarded the highest value added exporter in the hi-tech and innovative products category at the recently held Presidential Export Awards. Hon President Maithripala Sirisena was the…

(0) Comments | September 21, 2017 3:05 pm

Living its Purpose: Nestlé ranked Sri Lanka’s No. 1 Most Respected F&B Company once again

Nestlé has been ranked Sri Lanka’s Most Respected Food and Beverage Company in LMD’s Most Respected Entities Publication for 2017. This is the second consecutive year the company was declared “Sector Winner” in the Food and Beverages category. It has also maintained its overall rank of 11th place from over 100 companies across all industries,…

(0) Comments | September 21, 2017 12:32 pm

Munchee Sponsors National Volleyball Championship for the 10th consecutive year

Munchee, the flagship brand of Ceylon Biscuits Limited (CBL), announced that it will sponsor the National Volleyball Championship 2017 organized by the Sri Lanka Volleyball Federation (SLVF) for the 10th consecutive year. The tournament is scheduled to commence on 30th September, and the grand finale will take place on the 18th November 2017. As the…

(0) Comments | September 21, 2017 11:58 am

Airtel Sports Day 2017

Airtel Sri Lanka recently held its sports day at the NCC Ground, Colombo, boosting employee engagement and encouraging team spirit. Airtel employees and their families were alive, inclusive and respectful; they took part in a variety of games such as cricket, carom, treasure hunts, and a Virtual Reality (VR) inspired ‘Kana Mutti Bideema’. The close…

(0) Comments | September 21, 2017 10:40 am

Durdans to offer Free OPD Consultation on September 25th-27th

In a bid to contribute towards the betterment of community health and to encourage a culture of preventive healthcare, Durdans hospital will be launching a campaign to offer free OPD consultations to the public. The free OPD consultation will be on offer for three days, from Monday 25th September till Wednesday 27th September between 10a.m…

(0) Comments | September 21, 2017 8:52 am

Softlogic Life is Claims Service Leader, over 80% of claims settled in one day

Softlogic Life Insurance PLC, Sri Lanka’s dynamic and innovative life insurer, has leveraged its strong synergy with healthcare and healthcare solutions where the Group’s Asiri Hospitals have backed them in gaining a leadership position in the competitive life insurance space. As the leader in Health, the company has focused significantly on the claim settlement process…

(0) Comments | September 21, 2017 8:47 am

Top News

SBI Holdings to acquire 20 pct stake in Sri Lanka-based co Wealth Trust Securities

Sept 22 (Reuters) – SBI Holdings Inc * Says it has concluded an agreement to acquire 20 percent stake in Sri Lanka-based co Wealth Trust Securities Limited, and provide investment products, primarily Sri Lankan bonds, through its subsidiary SBI SECURITIES Co., Ltd * Acquisition price not disclosed * Wealth Trust Securities Limited is a licensed…

(0) Comments | September 22, 2017 10:53 am

Inflation in August 2017

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), increased to 7.9 per cent in August 2017 from 6.3 per cent in July 2017, on year-on-year basis. Both Food and Non-food categories contributed towards the year-on-year inflation in August…

(0) Comments | September 22, 2017 10:48 am

Sri Lankan shares end steady near 5-week closing high

Reuters – Sri Lankan shares ended flat on Thursday, near a more than five-week closing high hit in the previous session, as gains in beverage and construction shares were offset by losses in bank stocks. The Colombo stock index ended 0.02 percent lower at 6,451.55, edging down from its highest close since Aug. 14 hit…

(0) Comments | September 22, 2017 8:54 am

Dialog waives off charges for a day

Sri Lanka’s Dialog network today announced that all Voice Call and SMS charges incurred by its costumers on Wednesday (20) will be waived in full, due to the disturbance to Mobile Services experienced on that date. “We regret the inconvenience caused due to the disturbance to Mobile Services on 20/09/17,” the service provide a said…

(0) Comments | September 21, 2017 5:25 pm

Demographic and Health Survey Report – 2016 launched

The report of the Demographic and Health Survey – 2016 conducted jointly by the Department of Census and Statistics (DCS) and the Ministry of Health, Nutrition and Indigenous Medicine (MoHNIM) launched on 18th September 2017. The First copy of the report on SLDHS – 2016 was presented to Mr. Faizal Cassim, the Hon. Deputy Minister…

(0) Comments | September 21, 2017 4:52 pm

Allianz ranked No.1 insurer in Dow Jones Sustainability Index

With 87 out of 100 points, place 1 in the insurance sector Dow Jones Sustainability Index most important sustainability market worldwide Allianz ranked among the best for seventeen consecutive years Allianz Group has taken the leading position among all rated insurance companies in the latest Dow Jones Sustainability Index (DJSI). Allianz has been one of…

(0) Comments | September 21, 2017 12:25 pm

Ogilvy PR Sri Lanka wins top Asia Pacific award for Right to Information Campaign

Bags SABRE Asia Pacific ‘Best in Show’ Platinum Award, a Gold Award and lines up for a Global SABRE Award  Ogilvy Public Relations Sri Lanka succeeded in finishing ahead of 1,200 of the best award entries from across the Asia Pacific region at the SABRE APAC Awards held in Hong Kong recently. The agency’s ‘Uncover…

(0) Comments | September 21, 2017 12:06 pm

Sri Lanka considers listing of major state firms-sources

Reuters – Sri Lanka is considering listing two state-owned banks and an insurance company next year, by selling stakes of at least 10 percent in each, government, regulatory and exchange officials told Reuters on Wednesday. Bank of Ceylon, the largest lender in the island nation, People’s Bank, and Sri Lanka Insurance are all earmarked for…

(0) Comments | September 21, 2017 10:24 am
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Analysis

Paving the way for BIGDATA Analytics in Sri Lanka

By Zahir Fuard: Sri Lanka is a land which is well acquainted with the concept of precognition, and a persistent desire to predict the future. Even the most rational among us cannot help but be tempted by the idea. If you knew what was coming tomorrow, would you act differently? What would you do? How…

(0) Comments | September 13, 2017 11:56 am

In India, diesel cars killing air: Study

NEW DELHI: An international study, testing on-road emissions of passenger cars in India, says a diesel SUV may be emitting 25 to 65 times more oxides of nitrogen (NOx) than a small petrol car. On-road emissions of diesel cars may also be far higher than their emissions under lab certification conditions, it adds. The study,…

(0) Comments | August 13, 2017 9:35 pm

Rise Of Job Expectation And Ability To Save Despite The Decrease Of Expectation Of Reduction Of Corruption

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

(0) Comments | August 9, 2017 1:49 pm
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