Pan Asia Ezy Banking Spaces Elevate Digital CX
In a transformative stride towards banking excellence, Pan Asia Bank has unveiled its first Ezy Banking Centre at the Pettah branch, revolutionizing the digital banking experience for its clientele in Sri Lanka. This innovative hub, blossoming under the stewardship of Chairman Aravinda Perera and Director/CEO Naleen Edirisinghe, aims to significantlyContinue Reading
President Names Jayamin to BOC in Key Appointment
In a decision marking a significant shift in economic leadership, President Ranil Wickremesinghe has demonstrated his authority and strategic foresight as Finance Minister by naming Jayamin Pelpola as a Non-Executive Director to the Board of Bank of Ceylon (BOC), effective immediately. This key appointment is amongst the notable BOC appointmentContinue Reading
Global Transformation: Beyond Borders in Sri Lanka
Sri Lanka stands at the forefront of a profound global transformation. As the National Savings Bank (NSB) marks its 52nd anniversary, it boldly demonstrates that the nation is ripe for international impact, echoing the call for worldwide transformation. The island, known for its rich cultural tapestry and resilience, is aContinue Reading
Dr. Hans Bags GSMA Chairman’s Award 2023
Marking a landmark moment in the realm of mobile technology, the industry lauds Dr. Hans as the recipient of the esteemed GSMA Chairman’s Award for 2023. This coveted title, synonymous with recognition and achievement, is bestowed upon mobile industry leaders who have made groundbreaking contributions to the sector. Reflecting aContinue Reading
Enchanteur’s New Floral Soaps: Luxury Bathing in Sri Lanka
Transform your daily routine into an exquisite journey of fragrance with Enchanteur’s New Floral Soaps. Debuted in the heart of Sri Lanka, these luxury bath products offer three enchanting floral variants that bloom into a charming bathing experience. The Romantic, Charming, and Alluring soap bars breathe life into the conceptContinue Reading
Phoenix Hospital Opens in Kadawatha: Modern Care
The healthcare landscape of Kadawatha, Sri Lanka, has been significantly bolstered with the establishment of Phoenix Homeopathic Private Hospital. As the very first of its kind in the region, this new hospital in Kadawatha sparks a transformation in the availability of holistic medical services, operating at the intersection of traditionContinue Reading
Sri Lanka’s Court Halts Pharma Zone Development Plans
In a landmark legal ruling, the Court of Appeal of Sri Lanka has taken definitive action by blocking plans for the further development of the pharmaceutical zone in Oyamaduwa, Anuradhapura. This decision comes as a response to a series of legal disputes that have cast uncertainty over the future ofContinue Reading
Bondholder Talks Set for Next Week in Sri Lanka
In an unprecedented move to address its financial challenges, Sri Lanka is gearing up for critical bondholder talks set for next week. These discussions are pivotal as they relate to the restructuring of a substantial $12 billion in defaulted global bonds. The key players, a bondholder meeting schedule has beenContinue Reading
NDB’s Final Dividend for 2023 Announced in Sri Lanka
Investors on the Colombo Stock Exchange are witnessing a notable event as the National Development Bank (NDB), a leading financial institution in Sri Lanka, has declared its final dividend for the fiscal year concluded on December 31, 2023. Amidst a financial landscape playing host to numerous variables, NDB stands outContinue Reading
People’s Bank Supports MSMEs in Sri Lanka Growth
At the core of Sri Lanka’s vibrant economy lies the People’s Bank, a beacon of financial stability and champion of growth. With a remarkable 14 percent projected increase in bank credit for 2014, the Colombo-headquartered bank stands tall, fuelling the expansion of Micro, Small, and Medium Enterprises (MSMEs). This growthContinue Reading
ComBank’s New Kegalle Branch Opens Its Doors
The Commercial Bank of Ceylon has marked a new milestone in Kegalle, Sri Lanka, with the opening of its innovatively designed two-storey branch. Situated at No 186, Main Street, the ComBank branch opening Kegalle welcomes customers into a contemporary facility poised to deliver a superior banking experience. This strategic initiativeContinue Reading
Sri Lanka’s Tea Exports Surge Amid Global Demand
Amid the verdant highlands and rolling estates, Sri Lanka’s tea exports have witnessed a remarkable surge, casting the spotlight once again on the prized Ceylon tea savored by connoisseurs across the globe. In a narrative laced with resilience and tradition, the small island nation has steered through economic tribulations toContinue Reading
Dialog Joins CIO Confluence Event in Sri Lanka
The nexus of finance and technology in Sri Lanka is set to strengthen as Dialog Enterprise steps up as the Exclusive Enterprise Connectivity Partner for the upcoming CIO Confluence Event. Scheduled for 27 February 2024, at the prestigious Shangri-La Colombo, the event, organized by The Banks’ Chief Information Officers ForumContinue Reading
Arjun Aloysius and Kasun Palisena further remanded
The owner of Perpetual Treasuries Limited Arjun Aloysius and CEO Kasun Palisena were re-remanded till March 02. Colombo Fort Magistrate Lanka Jayaratne issued this order when they were produced before the courts yesterday (15). They were arrested by the Criminal Investigations Department (CID) on February 04 following a complaint lodgedContinue Reading
Singapore and Sri Lanka sign free trade agreement
COLOMBO: Singapore and Sri Lanka signed a free trade agreement on Tuesday (Jan 23) which will deepen economic ties and facilitates greater trade flows between the two countries. The Sri Lanka-Singapore Free Trade Agreement (SLSFTA) was signed by Singapore’s Minister for Trade and Industry (Industry) S Iswaran and Sri Lanka’sContinue Reading
NDB’s Avurudu Card Deals: Save Big in Sri Lanka
The vibrant spirit of Avurudu gleams brighter with NDB’s Avurudu Card Deals, offering an array of Avurudu promotions that promise an auspicious and thrifty start to the New Year. Thrifty shoppers and celebrants alike are poised to benefit from an extensive lineup of NDB credit card offers, encompassing everything fromContinue Reading
Dubai police recover rare $20 million blue diamond stolen by a Sri Lankan security guard and smuggled to Sri Lanka
uly 26, Colombo: The Dubai Police said they have recovered a rare blue diamond estimated to be worth $20 million which was stolen from a city company’s vault by a Sri Lankan security guard and smuggled to Sri Lanka in a shoebox. The diamond was stolen by a Sri LankanContinue Reading
Sri Lanka’s Egg Industry Confronts Rising Imports
The egg industry in Sri Lanka finds itself at a crossroads, as the nation grapples with economic shifts and soaring import pressures. Despite Sri Lanka’s economic growth of 4.8% in 2015, marked by a boost in household disposable income and investment expenditure, the country’s egg industry now faces a mountingContinue Reading
Rising Auction Yields Impact in Sri Lanka Finance
In the intricate world of finance, Sri Lanka’s financial markets have demonstrated a palpable sensitivity to the trends of monetary policy impacts, particularly evidenced in changes to bond investments and government bonds. A critical examination of market trends over a turbulent decade from 2000 to 2009 unveils a nuanced portraitContinue Reading
AMW Distributes Yamalube Lubricants in Sri Lanka
Emphasizing the fusion of innovation and quality, Associated Motorways (Private) Limited (AMW) stands at the forefront of Sri Lanka’s automotive sector as the sole authorized distributor of genuine Yamaha lubricants. AMW Distributes Yamalube Lubricants, an extensive product range specifically engineered for Yamaha motorbikes, epitomizing the essence of high performance andContinue Reading