Driving Lean Innovation in the Digital Era

According to the Sri Lanka Association of Software Service Companies (SLASSCOM) the vision for Sri Lanka’s IT services sector is to facilitate 1000 startups by 2022, a reasonable goal in an industry that, according to the Sri Lankan IT/BPM Review 2014, has seen exponential growth in workforce (123%) and revenue (238%) since 2007.  However, if…

(0)Comments | October 21, 2015 12:26 pm

Asian Innovation the Key to Success

* By Indika De Zoysa  When it comes to business, we’re often reminded that there is no one-size fits all strategy to success. That is to say, just because a certain approach worked well in Europe or the Americas it doesn’t guarantee success here in Asia. For instance, if you’re running a social media engagement…

(0)Comments | October 15, 2015 11:51 pm

Asian Alliance boosts customer value with ‘Click4Life’

* Life COO, Chula Hettiarachchi elaborates on digital strategy for life insurance    Boosted by a high standard of customer service and retention, operational efficiency and technological innovation, Asian Alliance Life Insurance has been experiencing strong growth, far above the industry norm. Rising up to the challenge of ensuring that high customer service standards are…

(0)Comments | October 1, 2015 8:31 pm

Pathfinder View Point -The Flagship Project Megapolis: Concept and Scope in Sri Lankan Context

By Sarah Hettiaratchi, Project Executive – Pathfinder Foundation The new government, elected to govern the country for the next five years, has vowed to implement its flagship Megapolis project which was included in its election manifesto. It was reported that the conceptual plan was initially mooted in 1991 by the then young Sri Lankan Minister…

(0)Comments | September 29, 2015 11:11 am

New business plans from SriLankan and Mihin Lanka: SriLankan losses rise

SriLankan Airlines and Mihin Lanka are reported to be preparing to put forward their latest business plans. The Mid-Year Fiscal Position Report 2015 released by the Finance Ministry reveals that the government has decided to prepare comprehensive business plans for SriLankan Airlines and Mihin Lanka and that these two airlines would be amalgamated in the…

(0)Comments | September 25, 2015 7:50 pm

All Sri Lanka’s state banks, Insurance Corporation out of Finance Ministry hands

The administration of all state banks, the Sri Lanka Insurance Corporation, SrLankan Airlines and several other institutions have been brought under the purview of the State Enterprises Development Ministry by the incumbent government. The Minister in charge of this Ministry is Kabeer Hashim while his Deputy is Eran Wickremaratne. Earlier, the Bank of Ceylon, People’s…

(0)Comments | September 22, 2015 1:44 pm

CB circular to reduce vehicles on Lankan roads -(Circular attached)

The Central Bank of Sri Lanka (CBSL) has introduced a circular last night (14 September) preventing the purchase of vehicles on a 100 per cent or ‘Full Lease’ or ‘Hire Purchase’ basis without any initial down payments, in a bid to reduce the number of vehicles on Sri Lanka’s roads. A senior official from the…

(0)Comments | September 15, 2015 11:14 am

All goods imported by Sri Lanka up in price with Rupee depreciating

With the record depreciation of the Sri Lankan Rupee against the US Dollar last Friday (04 September) the prices of all imported good will increase while foreign earnings too would increase, point out economic analysts. This is likely to affect the prices of all imported goods to Sri Lanka, from food items to other products….

(0)Comments | September 7, 2015 2:50 pm

Finance Minister Ravi K on depreciation of Rupee

Following the record depreciation of the Sri Lankan Rupee against the Dollar due to the Central Bank deciding to allow the Rupee against the Dollar to be decided in the money market without its intervention, the newly appointed Finance Minister Ravi Karunanayake expressed his views. While speaking to the media this afternoon (04 September) in…

(0)Comments | September 4, 2015 8:08 pm

Sri Lanka rupee falls 3 pct to record low after floats – dealers

Sri Lanka’s rupee currency fell over 3 percent to trade at a record low of 139.00 per dollar on Friday after the central bank effectively floated the currency by ceasing to quote its own reference rate. The slide comes amid weakness in emerging markets triggered by a devaluation of the Chinese yuan. It came with…

(0)Comments | September 4, 2015 6:12 pm