Category: Industry
People trust robots more than themselves with money
Research shows growing confidence among consumers and business leaders that robots handle finance tasks better than people 2020 has changed our relationship with money and people now trust robots more than themselves to manage their finances, according to a new study by Oracle and personal finance expert Farnoosh Torabi. The study of more than 9,000 […]
BMICH and SriLankan Airlines in agreement to help sustain MICE tourism
SriLankan Airlines together with the country’s premier meeting, events, and function hosting venue BMICH, have come together to promote MICE tourism in Sri Lanka. This agreement between two pioneers in their respective fields will serve to reinforce the positioning of Sri Lanka as a key MICE destination in the future. Sri Lanka’s premium venue for […]
Emirates boosts services to Colombo, offering customers 6 weekly flights
Emirates has announced it will increase its services to Colombo from four to six weekly flights – with a fifth weekly flight commencing 18 February (every Thursday) and a sixth weekly flight commencing 27 February (every Saturday). The two additional services will serve market demand and offer customers enhanced connectivity to/from Colombo, via Dubai. The […]
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Fitch Ratings has assigned Hatton National Bank PLC’s (HNB, AA-(lka)/Stable) proposed Sri Lanka rupee-denominated Basel III-compliant subordinated debentures an expected National Long-Term Rating of ‘A(EXP)(lka)’. The notes will total LKR7 billion, mature in 10 years and include a non-viability clause. The bank plans to use the proceeds to refinance the debentures maturing in 2021, to […]
Sampath Bank partners with John Keells Properties’ TRI-ZEN on Home Financing Solutions
Sampath Bank entered into a strategic alliance with TRI-ZEN, a premium smart living project being developed in Union Place, Colombo by John Keells Properties in partnership with Indra Traders that shares the Bank’s penchant for innovation. Building on its longstanding relationship with the John Keells Group and Indra Traders, Sampath Bank seeks to partner with […]
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Fitch Ratings Lanka has assigned Sampath Bank PLC’s (AA-(lka)/Stable) proposed LKR6 billion Basel III-compliant subordinated unsecured debentures an expected National Long-Term Rating of ‘A(lka)(EXP)’. The proposed debentures will mature in seven years and will be listed on the Colombo Stock Exchange. The bank expects the proposed subordinated debentures to qualify as Basel III-compliant regulatory Tier […]
Driving growth-bridging deficits – outlook 2021 report of Ceylon Chamber
The Ceylon Chamber of Commerce launched its annual Outlook Report for 2021, at the Economy and Sector Review and Outlook 2021 webinar recently. The Outlook 2021 report published by the Economic Intelligence Unit (EIU) of the Ceylon Chamber of Commerce (CCC) explores the macroeconomic and sector outlook for the year ahead. The theme for the report […]
CMTA warns, beware of surging frauds in used-vehicle market
The Ceylon Motor Traders Association (CMTA), Sri Lanka’s automotive association has raised concerns over the heavily persistent fraudulent acts associated with Sri Lanka’s used-vehicle market. The association states that the vehicle customers fall prey to a number of frauds including odometer frauds, vehicles restored with counterfeit spare parts and vehicles with forged documents. Due to […]
PUCSL new Chairman assumes duties; launches its work plan for 2021
The Annual Activity Plan 2021 of the Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator was unveiled today. A total of 111 projects based on service quality and consumer rights protection in the power industry, water service industry and petroleum industry are to be implemented this year. Projects related to the electricity […]
JKH and HEMAS consumer collaborate to battle plastic pollution
Plasticcycle, the Social Entrepreneurship Project of the John Keells Group is pleased to onboard Hemas Consumer, in its bin placement initiative targeted towards encouraging responsible disposal of recyclable plastic waste, adding to the existing network of over 190 Plasticcycle bins in Sri Lanka. The agreement between the two parties was signed on the on 5th […]
South Asia’s first-ever all-female gantry crane operator team at SLPA receives Excellence Award
Ten courageous female employees at Sri Lanka Ports Authority have been felicitated with an award to recognize their heroic performances in becoming South Asia’s first-ever all-female gantry crane operator team. The awards honour women in the region who have overcome exceptional challenges to excel in their sector.The women received the 2020 Change Makers for Women […]
Aitken Spence Travels to welcome first charter flight from Kazakhstan tomorrow
Aitken Spence Travels, the leading Destination Management Company in Sri Lanka working in partnership with TUI Kazakhstan, will welcome the country’s first charter from Kazakhstan tomorrow (6) after the airports reopened for tourist arrivals. According to the company, there will be two charters operating from Kazakhstan and it will be a first since the Sri […]