Category: Industry
Emirates to resume Colombo – Male flights from 1st September
Emirates has announced the resumption of its Colombo – Male service starting 1 September. The daily service between the two cities will be an extension of its Dubai-Male flight EK652 to Colombo, with the return flight EK653 operating from Colombo to Dubai via Male. Emirates flight EK652 will depart Dubai at 09:45hrs daily, arrive in […]
“GLX Digital Evolver” powers transformation of tourism through digital evolution
Good Life X (GLX) in collaboration with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) Sri Lanka – via ‘GLX Digital Evolver’ pursue the growth and evolution of Sri Lanka Tourism in partnership with leading industry experts. The recently launched programme which is aimed at empowering businesses in Sri Lanka’s Travel & Tourism Sector to evolve digitally, […]
Full speech: President Gotabaya Rajapaksa’s special address to nation
The Most Venerable Maha Sangha, Religious Leaders of other faiths, Friends, The accepted opinion of the World Health Organization (WHO), the majority of medical experts and according to the global standardized methodology is that the vaccination is the only solution for the COVID-19 pandemic. That is why, I made a special commitment to bring in […]
STEMUP Educational Foundation unveils fully-automated Volunteer Management System
STEMUP Educational Foundation, the non-profit organization with a focus on furthering Scientific, Technological, Engineering, and Mathematical (STEM) knowledge among Sri Lankan students, has launched a fully-automated Volunteer Management System (VMS). The foundation has over 1,600 volunteers from professional organisations and universities who help to spread the message of STEM education among the target audience of […]
Sampath Bank Introduces Sri Lanka’s First Touchless Cash Withdrawals Across Its ATM Network
Sampath Bank announced the introduction of Touchless Cash Withdrawals at Automated Teller Machines (ATMs) for the first time in Sri Lanka, and possibly the first time in the region. State Minister of Money & Capital Markets and State Enterprise Reforms, Ajith Nivard Cabraal was the Chief Guest at the commissioning of this service at the […]
IFC & Hemas Pioneer New Digital Health Program to Boost Access to Affordable Health-Care Services
Sri Lanka will become the first country to benefit from an IFC global initiative designed to boost access to affordable and quality health-care through digital technology across the region—amid increased demand for services in the wake of COVID-19. IFC’s new upstream initiative, the Global Digital Health Platform (DigiHealth), will begin in Sri Lanka with the […]
ICRA reaffirms issuer rating of Union Bank at [SL] BBB with stable outlook
Rating action ICRA Lanka Limited has reaffirmed the Issuer Rating of Union Bank of Colombo PLC (“UBC”/ “the Bank”) at [SL]BBB (pronounced as S L Triple B) with Stable outlook. Rationale The rating reaffirmation takes into account the strategic and financial support received from Texas Pacific Group (TPG) through its affiliate, Cultural Financial Holdings Ltd […]
Co-Operative Insurance announces upcoming IPO to cap off commanding annual performance
Leading Sri Lankan insurer Co-Operative Insurance, recently announced their plans to go for its first Initial Public Offering (IPO) in 2021 following a commanding financial performance for the past year. The IPO will be managed by the Merchant Bank of Sri Lanka. Affirming its financial strength, the company was able to grow by an impressive […]
HNB yet again delivers sustainable business performance
Hatton National Bank (HNB PLC) continued to demonstrate resilience amidst volatile conditions, posting a Profit Before Tax (PBT) of Rs 10.9 Bn and a Profit After Tax (PAT) of Rs 9.1 Bn. The Group profits also improved in line, with PBT and PAT at Rs 12 Bn and Rs 9.8 Bn respectively. The loan book […]
Dragonboats come to Jaffna
By Jekhan Aruliah Northwind Projects, a team promoting sporting and other activities in the Northern Province, successfully brought together the Sri Lankan Navy, the Northern Provincial Council’s Ministry of Education, Cultural Affairs, Sport and Youth Affairs and the Jaffna District Fishermen’s Co-operative Society Union’s Federation. They came together to kick-off dragonboat racing, canoeing, and the […]
VIDEO INTERVIEW: Decision Makers in Sri Lanka – Dr. Kishu Gomes
“It does not make any economic sense for the country to send out 200 housemaids to bring back the value taken away by one single CEO and that is exactly what is happening in the country.” Dr. Kishu Gomes, Group Managing Director/CEO – Dreamron Group of Companies This video interview series will feature leaders who […]
Sampath Bank records PAT of Rs.7Bn for first half of 2021
Financial results of Sampath Bank for the 1st Half of 2021 Sampath Bank posted a profit after tax (PAT) of Rs 7 Bn for the first half of 2021, against Rs 3.9 Bn for the same period in 2020. This significant increase of 78.1% in profit after tax was the result of a 16.7% increase […]