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Lead Story

Sri Lankan shares slip; diversified stocks top drag

Reuters – Sri Lankan shares closed slightly weaker on Friday as investors sold diversified stocks such as John Keells Holdings Plc, while block deals boosted turnover. Local Investors continued to stay on the sidelines as they waited for some cues about the real impact of floods, while worries over a weaker rupee, political uncertainty and…

(0) Comments | May 26, 2018 2:02 pm

Featured

Mastercard aims to transform Sri Lanka’s digital payments landscape with Mastercard QR

Mastercard unveiled Mastercard’s Merchant Presented QR payment solution in Sri Lanka, a safe and secure Quick Response (QR) based mobile payments solution. The solution enables shoppers to safely pay using a mobile application with a standardized QR code support to scan the merchant-presented QR code, which works on smartphones. Ushering in a new era for…

(0) Comments | May 24, 2018 6:02 pm

Cargills Bank excels at the Interbank Quiz Competition

Cargills Bank gave a splendid performance at the 26th Annual Interbank Quiz Competition organized by the Clearing Association of Bankers (CAB), held at the Kingsbury Hotel recently. The Cargills Bank teamstormed to second place in the Trade Finance and International Round, well ahead of over 40 banks and financial institutions. The team comprised Malithi Maheeka,…

(0) Comments | May 23, 2018 5:35 pm

Tuk Tuk Hostels launch

The launch of Tuk Tuk Hostels (TTH) marks a new addition to the budget accommodation offering for tourists in Colombo and embraces the youth hostel concept to its fullest. TTH caters to the expectations of young travelers and all those who value sharing, spontaneity and experience. Located down Thimbirigasyaya Road, Colombo 5, TTH offers a…

(0) Comments | May 22, 2018 10:30 pm

Fashion Bug conducts teacher training programme in Matara

Leading fashion retailer Fashion Bug conducted a successful teacher training programme in Matara recently to enhance their knowledge in building a brighter future for school children. This program was hosted by Professor Sarath Wijesuriya where the teachers were assisted with the knowhow on training methods for children, building a healthy student-teacher relationship, counseling, work life…

(0) Comments | May 22, 2018 10:26 pm

Personalized insurance for the digital age – Fairfirst Insurance unveils its Online Insurance Shop

Working to make the insurance buying process more seamless for its customers, and potential customers, the Fairfirst Online Shop has radically reduced the many stages customers have to go through to buy a policy. The most exciting feature of the shop however is that unlike the traditional comprehensive policy designed by insurers, the Fairfirst Online…

(0) Comments | May 22, 2018 10:18 pm

Amãna Bank partners with mCash

Marking yet another significant milestone in its journey, Amãna Bank has partnered with mCash, one of Sri Lanka’s leading payment platforms offered by Mobitel, thereby facilitating the Bank’s customers with a convenient solution to pay a host of utility and service bills at the comfort of the Bank’s branch. Through this partnership, both customers of…

(0) Comments | May 22, 2018 10:12 pm

Hemas Hospitals’ lights up Vesak celebrations with a host of activities

Sri Lanka’s leading private hospitals multi-chain Hemas Hospitals organized a number of activities for this year’s Vesak celebrations on a grand scale, including the lighting of colourful lanterns, dhamma sermons, a pirith ceremony and dansals. These activities attracted flocks of crowds from all over the country. Kicking things off, Wattala and Thalawathugoda Hemas hospitals as…

(0) Comments | May 22, 2018 10:07 pm

Advantis Engineering makes their mark on Green Tourism with The Box House

Green travel, which seeks to reduce the environmental impact of the travel industry, continues to grow in popularity across the globe as people become more concerned with the health of the planet. As tourism’s role in the Sri Lankan economy grows each year this budding new trend will soon impact the local industry. Staying ahead…

(0) Comments | May 22, 2018 9:57 pm

Inaugural Great Manager Awards recognizes Sri Lanka’s high performance leaders

Sri Lanka’s most inspiring leadership and management professionals were accoladed at the inaugural Great Manager Awards (2017), held at the Kingsbury Hotel. The Great Manager Awards recognize business leaders committed to a legacy of mentoring and coaching other great managers in their organization, in addition to driving business performance. Hon. Eran Wickramaratne, State Minister of…

(0) Comments | May 22, 2018 9:52 pm

Sampath Bank continues to engage SMEs on international trade

~ Hosts ‘Obe Diyunuwata Ape Maga Penweema’ seminar in Negombo Sampath Bank hosted over 150 representatives of the Small and Medium Enterprise (SME) sector at the latest edition of its “Obe Diyunuwata Ape Maga Penweema” interactive seminars on international trade at the Ranowell Hotel in Kochchikade, Negombo recently. The Bank’s Trade Services unit has been…

(0) Comments | May 22, 2018 9:44 pm

Top News

Harry J ventures into Cement via Melstacorp in a deal with Pyramid Wilmar

Billionaire Harry Jayawardena controlled Melstacorp PLC in disclosure to Colombo Stock Exchange (CSE), said that company has entered into a joint venture agreement with effect from 18th May 2018 with Pyramid Gama (Pvt) Ltd for importation, processing, packaging and distribution of cement to be undertaken through a joint venture company in the name of Melsta…

(0) Comments | May 25, 2018 3:03 pm

HNB regrets unauthorized incident at branch and says action taken– Official FB post

In a surprising move without referring to any specific described incidents, one of Sri Lanka’s leading listed Bank – privately owned for the name sake, but also government controlled via state controlled bodies’ share ownership – Hatton National Bank (HNB) in company’s official Facebook page said in three consecutive posts that the “HNB does not…

(0) Comments | May 25, 2018 2:55 pm

Sri Lanka’s Dialog Axiata and Mobitel among leading 13 Global operators that deployed Mobile IOT

Whilst a total of 48 commercial Narrowband IoT (NB-IoT) and LTE-Mobile (LTE-M) had been launched worldwide as of the end of April, according to the GSMA, Sri Lanka’s Dialog Axiata and Mobitel among leading 13 Global operators that deployed Mobile IOT solutions, including all of China’s big three operators – China Mobile, China Telecom and…

(0) Comments | May 25, 2018 11:25 am

Sri Lankan shares edge up from 1-week closing low

Reuters – Sri Lankan shares rose slightly on Thursday after posting their lowest close in more than one week in the previous session, as investors picked up beverage stocks while block deals lifted turnover. Investors continued to stay on the sidelines as they waited for some cues about the real impact of floods, while worries…

(0) Comments | May 25, 2018 10:55 am

Marine biologist from Sri Lanka wins at British Council’s first-ever Global Alumni Awards

Following prestigious national awarding ceremonies hosted by the British Ambassador/High Commissioner in more than ten countries, and high-profile digital campaigns to celebrate 63 regional finalists, and 21 regional winners, the British Council has announced the names of three outstanding global award winners of the Study UK Alumni Awards. All are alumni of UK universities, representing…

(0) Comments | May 25, 2018 8:14 am

Ranel T. Wijesinha appointed as SEC Chairman

A statement from the Ministry of Finance and Mass Media said that the Minister of Finance and Mass Media has appointed Mr. Ranel Tissa Wijesinha as Chairman of the Securities and Exchange Commission (SEC) of Sri Lanka with effect from today (24th May 2018). The statement further added that the Securities and Exchange Commission of…

(0) Comments | May 24, 2018 6:48 pm

Softlogic Life unveils Sri Lanka’s first video Annual Report

Pushing the boundaries of innovation much further, Sri Lanka’s most innovative life insurer, Softlogic Life, recently unveiled their 2017 integrated annual report in video format, making it Sri Lanka’s first video annual report. Available now on YouTube and Softlogic Life’s official website, the video showcases a number of key details of this year’s annual report…

(0) Comments | May 24, 2018 5:55 pm

Lanka Sathosa breaks new ground securing US assistance

Lanka Sathosa, the country’s largest state owned retail chain, has clinched committed support from the people of the United States thereby recording the institution’s first ever inward global assistance flow on 24 May. “The Ministry of Industry and Commerce has been working with USAID since 2005 on various initiatives to enhance the Ministry’s mandate” said…

(0) Comments | May 24, 2018 5:13 pm
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Analysis

Sri Lanka: LMD-NIELSEN’s Business Confidence Index at a Near 6 year low

The latest edition of renown business magazine LMD reports a decline of 19 basis points in the LMD-Nielsen Business Confidence Index (BCI). Whilst it had fell to 98 in April, a 70-month low or the lowest in 6 years, LMD notes that this is the second time the index has fallen below the 100 mark…

(0) Comments | May 20, 2018 6:16 pm

‘Optimism continues to trend down’ – LMD Opinion Poll on Economy

“The downward trend in sentiment continues on the back of below par economic growth”, Sri Lanka’s leading Business Magazine LMD said in a recent Opinion Poll on country’s economy in a comprehensive report. “Optimism regarding the economy continues to dwindle as a mere five percent of respondents (vs 11% in March) expect an improvement over…

(0) Comments | May 19, 2018 8:04 pm

Mitigating the impact of a busy lifestyle on your nutritional health

Interview on Food Safety and Nutrition with Dr. Krishanthi Premarathne The great majority of people will experience a food borne disease at some point in their lives. This highlights the importance of making sure the food we eat is not contaminated with potentially harmful bacteria, parasites, viruses, toxins and chemicals. Food can be contaminated at…

(0) Comments | May 9, 2018 12:44 pm
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