Category: Industry
Union Assurance hosts virtual gala for annual awards
Union Assurance takes digital disruption to the next level as it felicitated top achievers of the Agency and Bancassurance sales force at a glittering Virtual Gala on 18th December 2020. The event was viewed by over 5000 participants and attended by a distinguished leadership including the John Keells Chairman, Krishan Balendra and President, John Keells Group, […]
Korean based Heung A Line expands services to Sri Lanka
Heung A Line head quartered in South Korea launched its maiden service (SIS/CI6) in Sri Lanka with its first vessel call at the CICT of the Port of Colombo with mv. BALTIC SOUTH v. 2001W on the 22nd of December 2020. The service is jointly operated by Heung A Line in partnership with Sinokor Line, […]
‘ Guild to put the country first
SriLankan Airlines has been supporting the national economy and country since the closure of the Bandaranaike International Airport in March 2020 with the outbreak of COVID-19 by flying stranded Sri Lankans home and facilitating international trade by maintaining the vital link between Sri Lanka and the rest of the world. Nearly the entire fleet of […]
SL fiscal deficit to reach 11.3-pct of GDP in 2021: All clear for stronger growth in 2021
Asia Securities, a stockbroking firm says that all signs point to a strong GDP growth trajectory in 2021. The latest Economic Outlook report titled Balancing the Priorities – The New Normal forecasts a GDP growth of 5.4% for 2021, driven by improved investor sentiment and consumer demand, an accommodative monetary policy environment, and a pickup […]
CA Sri Lanka’s annual report awards to comeback this year
The prestigious Annual Report Awards Competition organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), is set to make a grand comeback this year with a series of relaxations which will immensely benefit the participating companies amidst the COVID-19 global pandemic. The Annual Report Awards Competition which stakes claim to an […]
Asia Securities forecasts strong growth trajectory for equities in 2021
Following a year of volatility, leading stockbroking firm Asia Securities (Pvt) Ltd, notes that the road ahead for Sri Lanka’s capital markets is optimistic, with the ASPI expected to reach 7,400-7,600 in 2021. The Sri Lankan stock market marked a V-shaped recovery in 2020, seeing one of its strongest rallies to recover all losses suffered […]
Utilizing recyclable PET plastic waste: Towards a circular economy
By Dr. Anush Amarasinghe “Reduce, reuse, and recycle”- a household phrase you’ve probably heard over and over again either through school, from awareness campaigns or even on TV. This commonly used phrase is one expected to enthusiastically and optimistically drive the mind-sets of those listening, to essentially do the right thing and help efforts to […]
Central Bank expects payment receipt facility for SL from payment providers like PayPal
Jan 04, 2021 (LBO) – Sri Lanka’s Central Bank has already commenced discussions with international payment service providers, such as PayPal, to enable payment receipt facilities for Sri Lankan residents, Governor W D Lakshman said. Introducing the monetary and financial sector policies for 2021, Governor said that he expects positive outcomes in this regard in […]
Sri Lanka Telecom & Mobitel join forces making history in national connectivity
Sri Lanka Telecom (SLT) and SLT Mobitel unveiled their unified brand identity on January 1, 2021 at SLT Headquarters forming a formidable force creating a lasting legacy as the national Information and Communications Technology (ICT) solutions leader. The historic unification of products and services were symbolically launched at the event that took place with the […]
England Cricket team arrived in Sri Lanka to play two Test series in Galle
Jan 03, 2021 (LBO) – The England cricket team arrived in Sri Lanka on Sunday to play two Test series against Sri Lanka in Galle. This will be preceded by a period of quarantine and training, the British High Commission said. The first test match begins on 14 January, followed by the second on 22 […]
ComBank launches Sri Lanka’s first ‘WhatsApp Banking’ facility
A simple “Hi” is all it now takes to access services at the Commercial Bank of Ceylon. Demonstrating its innovative use of new-age communications, the country’s largest private bank has pioneered a ground-breaking product on the world’s most widely-used messaging platform WhatsApp to become the first Sri Lankan bank to offer Banking Services on the […]
Sarvodaya Development Finance records a profit growth of 147-pct in 2019-20
Jun 30, 2020 (LBO) – Sarvodaya Development Finance (SDF), the financial services arm of the Sarvodaya Movement, sailed through the turbulent 2019-20 financial year to report a record profit growth. The finance company, which funds the charitable and social development activities of the Sarvodaya Movement across rural Sri Lanka, recorded one of its best years […]