Thurunu Diriya grants Rs21mn worth loans for 47 young entrepreneurs to date

“Thurunu diriya” loan scheme, implemented by the Bank of Ceylon (BOC) with the assistance of the Policy Development Office (PDO) of the Prime Minister’s Office, has granted loans worth around 21 million for 47 potential young entrepreneurs up to date. This was revealed by the progress report of this loan scheme issued by the Bank […]

Sampath Group pre-tax profit exceeds Rs10Bn for first half of 2018

(PRESS RELEASE) – Sampath Bank’s Group pretax profit for the first half of the year exceeded Rs 10.3 Bn (28.2% growth) while Sampath Bank recorded a pre-tax profit of Rs 9.9 Bn for the same period. This registered a YoY growth of 28.1% in comparison to the first half of 2017. Profit after tax of […]

LOLC Finance, Mobitel to offer Digital Loans to customers via mCash

Reinforcing its market leadership and strengthening its partner base, Mobitel has joined hands with LOLC Finance PLC to offer Digital Loans for the first time ever in Sri Lanka via its mCash platform. This initiative is a break-through method of providing a loan via one’s mobile device. Digital Finance Loans is a ground-breaking product for […]

Asia Securities appoints Avancka Herat as Head of Wealth Management

Asia Securities (Pvt) Ltd. announced the appointment of Avancka Herat as Head of Wealth Management, effective August 1, 2018. He will also assume the role of Chief Executive Officer of the firm’s Wealth Management affiliate.An industry veteran of 24 years, Mr. Herat joins the firm from National Asset Management Ltd. (NAMAL) where he served as […]

PwC Sri Lanka wins Oracle’s SaaS Partner Appreciation award

PwC Sri Lanka was recently awarded the ‘SaaS Partner Appreciation award’ – South Asian Growing Economies at the Oracle FY19 SaaS Partner Forum, which was held at the Cinnamon Lakeside Colombo. Speaking on the achievement, Channa Manoharan, Advisory Leader/Chief Operating Officer of PwC Sri Lanka said “We are extremely delighted by this important accolade and […]

‘s Democratic Republic extends on arrival visa facility to Sri Lankans

The Ministry of Foreign Affairs of the Lao People’s Democratic Republic has confirmed that, with effect from 01 August 2018, Sri Lankan citizens holding valid travel documents could apply for the visa on arrival at the international border checkpoints of the Lao People’s Democratic Republic.Ministry of Foreign Affairs Colombo

Mastercard launches Simplify Commerce to accept e-payments regardless of payment brand

Mastercard announced the launch of Simplify Commerce, a simple and secure platform that makes it easier for businesses to accept electronic payments, regardless of a payment brand, in Sri Lanka.This feature rich element of Mastercard Payment Gateway Services is now available to acquiring banks and non-banking financial institutions as well as their small-to-midsize merchant customers […]

Bathiya and Santhush appointed brand ambassadors for Sony audio products in Sri Lanka

Singer (Sri Lanka) PLC, the country’s premier consumer durables retailer, together with Sony International, has appointed Sri Lanka’s leading musical duo Bathiya and Santhush (BNS) as brand ambassadors for Sony audio products in the country. The official MoU was signed between Kumar Samarasinghe – Marketing Director, Mahesh Wijewardene – COO, Piyum Jayatilaka – Senior Marketing […]

Sri Lanka Economic Summit 2018 – registrations now open

The country’s foremost economic event – Sri Lanka Economic Summit 2018 will be held for the 18th time on the theme, ‘On the Fast Track to a Turnaround”. This event organized by the Ceylon Chamber of Commerce, is to take place on 13th – 14th September at Cinnamon Grand Colombo. Sri Lanka’s economy is once […]

NDBIB Wins Euromoney crown for seventh consecutive year

NDB Investment Bank (NDBIB)cemented its position as the market leader and premier Investment Bank in the country by being awarded as ‘Sri Lanka’s Best Investment Bank 2018’ by Euromoney Magazine. NDBIB secured this prestigiousaward for the 7th consecutive year whilst demonstrating its market leadership and unrivalled credentials both in Sri Lanka and the region. This […]

EGUARDIAN brings Fortinet’s third generation of network security toSri Lanka

(PRESS RELEASE) – EGUARDIAN Lanka, Sri Lanka’s leading value added IT distributor, recently held a knowledge sharing forum for their customers on Fortinet’s Security Fabric at the Cinnamon Grand. IT Heads from finance, telecom and software industry were in attendance to learn about the latest innovationsto the Security Fabric that can help protect their networks […]

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