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Virtusa’s Kris Canekeratne selected as EY Entrepreneur of the year 2018
Jul 18, 2018 (LBO) – Virtusa Corporation (NASDAQ GS:VRTU), a global provider of digital strategy, digital engineering, and IT outsourcing services announced that its Chairman and CEO, Kris Canekeratne, is a winner of the EY Entrepreneur of The Year® 2018 Award in the New England region for the Business Process Outsourcing category. The awards program took place on June 28, […]
Blue Ocean Group wins multiple awards at Asia Property Awards 2018 in Sri Lanka
Blue Ocean Group, one of Sri Lanka’s leading real estate developer was yet again in the limelight at the inaugural PropertyGuru Asia Property Awards – Sri Lanka award ceremony recently held at the Shangri-La Hotel, Colombo. Blue Ocean Group was nominated for an impressive total of eight awards including multiple nominations for the Special Recognition […]
‘s growth
By Dr. Ganeshan Wignarajah Fixing Sri Lanka’s Labour Market: Comparative Lessons July 17, 2018 (LBO) – The recently published ‘Sri Lanka Development Update 2018’1 by the World Bank focuses on creating more and better jobs for an upper middle-income Sri Lanka. It usefully analyses the state of Sri Lanka’s labour market and identifies challenges to […]
Altair takes top honours at 2018 PropertyGuru awards in Colombo
Altair won four top awards at the 2018 PropertyGuru Asia Property Awards in Colombo, taking the major honours at this prestigious event held for the first time in Sri Lanka to recognise leading players in the country’s real estate sector.The iconic twin tower luxury residential development was presented with the Overall Award for ‘Best Condominium […]
IIT students showcase innovative IT and business solutions
Informatics Institute of Technology (IIT), the pioneer in British higher education in Sri Lanka, conducted the latest edition of “Cutting Edge”, the annual exhibition showcasing projects done by its students at the BMICH recently. Cutting Edge is an exhibition of innovative, state-of-the-art IT and business solutions researched and developed by the IIT students who are […]
Comm Bank introduces Flash – Sri Lanka’s first fully-fledged Digital Bank Account
The Commercial Bank of Ceylonhaslaunched Sri Lanka’s first fully-fledged DigitalBankAccountdesigned to be the next evolution in digital financial services and financial wellness. Branded ‘Flash,’ the product was developed in partnership with the Singapore-based company ‘Kashmi’ that introduced aninnovative social paymentsapp in Singapore in 2016. The Bank said the Flash Digital Bank Account hopes to bring […]
Mastercard Offers Greater Value for Premium Cardholders in Sri Lanka
Mastercard unveiled an enhanced suite of benefits and privileges exclusively for World and Platinum Mastercard consumer credit cardholders in Sri Lanka.Based on the company’s experiences from around the world as well as its understanding of the local market, the benefits program has been realigned with the evolving lifestyles and spending priorities of the growing number […]
Colombo stocks pop, led higher by John Keells Holdings (JKH)
July 17, 2018 (LBO) – The Colombo Stock Exchange finished markedly higher in one of the strongest days in weeks. The ASPI finished up .8% and the S&P SL 20 finished up 1.27% on the session. Turnover was still light at Rs454mn (US$2.8mn), while foreign selling more or less equaled foreign buying at just over […]
US Trade Court nullifies tax on Sri Lanka rubber tyre imports in historic judgement
July 17, 2018 (LBO) – Sri Lanka has won the first ever revocation of countervailing duty imposed in US for a Lankan export with the removal of duties on the import of off-the-road (OTR) rubber tyres from Sri Lanka to the United States, Ministry of Industry & Commerce said in a statement. The statement is […]
Fitch downgrades Melsta Regal Finance; affirms 9 Sri Lankan Finance Companies
July 17, 2018 (LBO) – Fitch Ratings Lanka has downgraded Melsta Regal Finance’s National Long-Term Rating to ‘B(lka)’ from ‘A+(lka)’ and removed the Rating Watch Evolving while assigning a Stable Outlook. The agency has also affirmed the ratings of the following nine finance companies: – Central Finance Company PLC (CF) – LB Finance PLC (LB) […]
Softlogic & Samsung launch Global Samsung Experience Store in Sri Lanka
Softlogic partnered with Samsung to officially open its first branded Experience Store in Sri Lanka this week with a ribbon-cutting ceremony by Mr Ashok Pathirage, Chairman/Managing Director, Softlogic Holdings PLC & Mr Hanbae Park, Managing Director, Samsung Sri Lanka. The new Samsung experience store at 14 De Fonseka Place, Colombo 5 operates collaboratively with retail […]
Dialog becomes Sri Lanka’s first cloud service provider to offer VMware
July 17, 2018 (LBO) – Sri Lanka’s leading telecommunications service provider, Dialog Axiata on Tuesday partnered with VMware to strengthen the country’s enterprise cloud market. With this partnership, Dialog Axiata becomes Sri Lanka’s first cloud service provider to offer VMware based cloud services to organizations using a fully automated and flexible platform.This platform will support […]