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Webinar on “Accelerating Growth of Food Sector” Buyer –Seller Meet between Sri Lanka and Singapore

As an initiative of FYIstival South Asia Edition of Global Connect at the Singapore Business Federation (SBF), a webinar on “Accelerating Growth of Food Sector and a Buyer Seller Meet” was organised together with Enterprise Singapore and the Sri Lanka High Commission on 27 April 2021. The webinar provided an opportunity for Sri Lanka Export Development Board to showcase Sri Lanka’s supply capability and uniqueness of main exportable agri produce in order to create awareness and to attract Singapore buyers and distributors. A presentation was made by Additional Director General of…

(0) Comments | May 7, 2021 12:02 pm

Featured

Uber Eats, a catalyst for customer convenience and wider reach for restaurants

  The evolution of digital technology in the consumer world plays an instrumental role in transforming many businesses and living conditions across the globe. New digital trends pave the path for a rise in society’s expectations, resulting in the need for constant adaptability and innovation for businesses to strive in this day and age.  …

(0) Comments | May 6, 2021 6:32 pm

Singer partners with gaming giant MSI to support passionate Gamers and Creators reach new heights

The gaming industry in Sri Lanka has witnessed exponential growth with casual gaming enthusiasts, professionals, game developers and graphic designers, all seeking cutting edge technology to fuel their passion and make the most of the growing opportunities. As the pandemic resulted in most people working and learning from home, gaming has gained a stronger foothold…

(0) Comments | May 6, 2021 6:26 pm

Seylan Bank Rises Up the Ranks in LMD 100

Seylan Bank PLC, the bank with a heart, reaffirmed its position as one of the strongest business entities in the country by securing the 20th place in the latest edition of the LMD 100 ranking of Sri Lanka’s leading listed companies. Seylan Bank moved up three places from last year’s ranking of 23rd place, after…

(0) Comments | May 6, 2021 6:23 pm

Avant Media expands its wings in the fast evolving digital sphere

Avant Media, a leading full service digital marketing agency in Sri Lanka has expanded is service offerings by innovatively integrating creativity, strategies, industry’s best practices, experience, high quality content and unwavering passion in the constantly evolving digital sphere. Established in 2018, Avant Media soon propelled as the fastest growing Digital agency of Sri Lanka and…

(0) Comments | May 6, 2021 6:21 pm

DHL Express uncovers next wave of E-commerce growth

Whitepaper predicts online B2B sales to increase by more than 70% to US$ 20.9 trillion by 2027 Covid-19 pandemic significantly drives digital transformation DHL Express, the world’s leading international express service provider, released a new Whitepaper titled ‘The Ultimate B2B E-commerce Guide: Tradition is out. Digital is in’ recently. The study predicts strong growth for…

(0) Comments | May 6, 2021 6:19 pm

NDB Wealth wishes Financial Stability and a Wealth of Joy this Mother’s day

Ensuring the safety and happiness of your family’s future is the ultimate aspiration of every mother. The ‘new normal’ has brought mothers to the forefront of life as never before. Always the multi- tasker at home, the resourcefulness of a mother to now ably support the household income and as well provide for all the…

(0) Comments | May 6, 2021 6:15 pm

Swadeshi becomes the first personal care and soap manufacturing company in Sri Lanka to earn Covid-19 Safety Management System Certification

The Swadeshi Industrial Works PLC is the first soap and personal care products manufacturing company in Sri Lanka to receive the Covid-19 Safety Management System Certification awarded by the Sri Lanka Standards Institution (SLSI). Covid-19 safety management system certification is a testament to Swadeshi’s proactive initiatives in effectively managing the risk of Covid-19 from the…

(0) Comments | May 6, 2021 6:09 pm

SLT-MOBITEL Partners STEMUP for ‘Hack:bit 2020’

SLT-MOBITEL, the National ICT and Mobile Services Provider partnered with STEMUP Educational Foundation to conduct Hack:bit 2020, a virtual inter-school and inter-university nationwide hackathon with the aim of inspiring creativity amongst Sri Lankan youth. The grand finals of the Hack:bit 2020 took place recently with prizes worth Rs. 1.5 million presented to winners who represented…

(0) Comments | May 6, 2021 6:07 pm

Oensys Capital (Pvt) Ltd. consolidates software business under Dxdy Digital (Pvt) Ltd and appoints Noel Arokiam as new CEO, to drive expansion plans

 In a strategic move, the Board of Directors of Oensys Capital recently announced their decision to consolidate the company’s Software Development, IT services and related businesses under Dxdy Digital (Pvt) Ltd., formerly known as Dxdy. At the same time, the Board revealed the appointment of Noel Arokiam as Chief Executive Officer (CEO) of Dxdy Digital (Pvt) Ltd.,…

(0) Comments | May 6, 2021 6:05 pm

Iconic Developers reinforces stringent health and safety precautions on-site

    In commemoration of World Day for Safety and Health at Work 2021, leading infrastructure developer Iconic Developments reiterated its commitment to taking maximum precautions to ensure the health and well-being of its workforce amid fears of a third wave of COVID-19 in Sri Lanka.   Iconic Developments, in collaboration with construction partner MAGA…

(0) Comments | May 6, 2021 6:04 pm

Top News

SEC to Showcase Sri Lanka as an attractive destination for foreign portfolio investment

The Colombo Stock Exchange (CSE) has performed exceptionally well in the past 12 months with the All Share Price Index (ASPI) appreciating more than 55% and the S&P SL 20 Index appreciating more than 44%. In 2021, the Average Daily Turnover of the CSE stands at Rs 4.8 Bn as against Rs. 1.8 Bn in…

(0) Comments | May 6, 2021 6:54 pm

DFCC Bank partners with Visa for Micro Merchant transactions

DFCC Bank, with the aim of being the most customer-centric and digitally-enabled bank in the years to come, recently partnered with Visa to facilitate digitally driven, cost-effective transactions at Micro Merchant Businesses and increase card acceptance among Micro Merchants in Sri Lanka. This partnership will further strengthen the transaction processing capability for merchants of DFCC…

(0) Comments | May 6, 2021 6:37 pm

Today’s CFO is the protector of tomorrow’s business resilience

By Sherman Gunatillake With market uncertainty and disruptions across different business verticals christened as the ‘New Normal’, the chief financial officer (CFO) of the modern-day has many elements to balance across the business. In such a context, strengthening business resilience is a crucial responsibility that a CFO has on his agenda. But has a CFO’s…

(0) Comments | May 6, 2021 6:25 pm

Prime Lands Residencies IPO introduces “SUBMIT ONLINE from HOME”

Prime Lands Residencies Limited, the condominium property arm of Prime Group, the ‘Maestro of Real Estate Artistry’ in Sri Lanka, recently debuted its Initial Public Offering (IPO) and will now be allowing potential investors the ability to submit applications for the IPO from the safety and comfort of their homes, through their website www.ipo.primeresidencies.lk. Investors…

(0) Comments | May 6, 2021 5:40 pm

HSBC becomes the first bank to offer LiveSign in Sri Lanka

  HSBC LiveSign powered by Adobe is a cloud-based service that replaces the paper and ink signature process with a fully automated electronic signature workflow made availbale for HSBC’s corporate clients. With HSBC LiveSign customers can easily sign documents anywhere, anytime, and on any device within minutes.   Stuart Rogers, Head of Wholesale Banking, HSBC…

(0) Comments | May 6, 2021 10:13 am

29% growth of Turnover Volumes in April

Total Market Turnover of the Colombo Stock Exchange (CSE) demonstrated a positive growth of 29.43% in the month of April compared to the previous month. Market turnover was recorded at Rs. 53 billion while Domestic Turnover has seen a growth of 64% indicating the sustained interest among Sri Lankan investors. Further highlights of the month…

(0) Comments | May 6, 2021 10:12 am

Construction Industry Stakeholders of Sri Lanka and Nepal discuss areas to strengthen collaboration

Sri Lanka Embassy in Nepal partnered with the Export Development Board of Sri Lanka (EDB) to connect construction industry stakeholders of the two countries in a webinar titled “Collaboration in the Construction Industry between Sri Lanka and Nepal ” on Tuesday 04 May. In his opening remarks, EDB Chairman Suresh de Mel described Nepal as…

(0) Comments | May 5, 2021 12:22 pm

CNN shines global spotlight on Sri Lanka Tourism

Sustaining the global spotlight on Sri Lanka as a ‘safe and secure’ holiday destination that has successfully opened up to the world, CNN’s Asia Travel journalist, Lilit Marcus visited the island early last month to experience first-hand how Sri Lanka Tourism has managed to open up the country by implementing the globally recognized ‘bio-bubble’ concept….

(0) Comments | May 5, 2021 9:55 am
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Analysis

Today’s CFO is the protector of tomorrow’s business resilience

By Sherman Gunatillake With market uncertainty and disruptions across different business verticals christened as the ‘New Normal’, the chief financial officer (CFO) of the modern-day has many elements to balance across the business. In such a context, strengthening business resilience is a crucial responsibility that a CFO has on his agenda. But has a CFO’s…

(0) Comments | May 6, 2021 6:25 pm

Assessing the critical habitats of sharks and rays around Jaffna

  By Daniel Fernando – Marine Biologist | Co-Founder of Blue Resources Trust     Sharks and rays (elasmobranchs) are a unique group of fishes with skeletons made of cartilage. They play an important role in the marine food web, with many found in the higher trophic levels helping to maintain natural balance. Most elasmobranchs…

(0) Comments | May 6, 2021 5:47 pm

A Citizen or Not: The Process and Concerns of Buying Property in Sri Lanka as an Expat

  With the recent changes in the law welcoming expat Sri Lankans to purchase property in the country, LankaPropertyWeb interviewed Attorney at Law Saminda Jayasekara regarding the feasibility of this option and the barriers to overcome in the process. As a local, there are no restrictions on purchasing property in the country. Whether it is…

(0) Comments | May 6, 2021 4:35 pm
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