Exporters’ Association welcomes government efforts to regain GSP+

The EASL welcomes the efforts of the government to secure the vote from the EU parliament to regain GSP+. Once the concession is fully in place, Sri Lankan Exporters can look forward to being in a position to be more competitive, thus revive markets and capture new export opportunities. Exporters of Apparel, Fish & Seafood, […]

LiCC launches water-proof denim jeans in Sri Lanka

Firebrand jeans retailer Long Island Clothing Company (LiCC) today launched a trail blazing brand of water-proof jeans and thus takes the much favoured denim jeans to yet another level. The launch of the water-proof jeans titled LiCC Liberté invites you to be part of a grander scheme. Wearing wet clothes is always a drag, but […]

Seylan Bank posts profit after tax of Rs866mn in 1Q 2017, 20% YoY growth

Seylan Bank made a steady start in 2017 by posting impressive results for Q1 with a Profit after Tax of Rs. 866 Million in the backdrop of uncertain market conditions. The Bank increased its Net Interest Income and recorded a robust growth of 20.97% in spite of the mounting pressure on the margins due to […]

DFCC Bank takes banking to customers’ doorstep with Mobile Teller

Sustaining its momentum to offer technology-backed convenience to customers, DFCC Bank re-launches “Mobile Teller” a digital banking service owned and operated by DFCC Bank and developed by SYNAPSYS. This doorstep banking service is offered by a staff representative, who accepts real time cash deposits via a mobile device. This offers customers the option of completing […]

Mobitel launches first ever Digital Recharge System in Sri Lanka

Sri Lanka’s National Mobile Service Provider, Mobitel sustains its lead at the forefront of the mobile commerce revolution in the country by pioneering the Digital Recharge System for the first time ever in the country. Delivering on its commitment to simplify service offerings to its customers and retail partners, Mobitel is proud to introduce this […]

Time period of Presidential Commission on CB bond issue extended

Apr 25, 2017 (LBO) – Sri Lanka’s President Maithripala Sirisena has extended the time period of the Presidential Commission of inquiry to investigate and inquire into the issuance of treasury bonds. A spokesman at the Commission told LBO that the President has extended the time period by three months. So far statements were recorded from […]

”’ Loan program

People’s Bank has proactively joined the Swashakthi Loan scheme initiated by the Ministry of National Policies and Economic Affairs and the Central Bank of Sri Lanka, disbursing loans via its extensive branch network of more than 730 branches island-wide. The inaugural program for awarding Swashakthi loans was recently held at People’s Bank Nuwara Eliya branch […]

Mastercard hosts knowledge sharing session on risk management

Mastercard recently hosted 50 senior electronic payments industry representatives at its Risk Management workshop in Colombo. The event is part of an ongoing series of knowledge-sharing sessions organized by Mastercard to share global learnings and gain local insights from market partners. The day-long workshop saw Rajeev Kumar, Customer Fraud Management, South Asia, Mastercard and Christopher […]

CICT attracts first new service to Colombo from Ocean Alliance

(PRESS RELEASE) – Colombo International Container Terminals (CICT) recently welcomed the maiden call of CMA CGM Nabucco, the first vessel under the Ocean Alliance to call on the Port of Colombo. The vessel operated by CMA CGM was the first in a new weekly service attracted to Colombo by CICT this year, and will operate […]

SriLankan Airlines conducts specialized training for staff at BIA

SriLankan Airlines further enhanced its customer service capabilities with more specialized training for its airport service staff at Bandaranaike International Airport (BIA) to serve passengers of all airlines even better. SriLankan Airlines is the sole airport ground handler for all airlines that operate to BIA in Colombo, where it annually handles nearly 9 million passenger […]

Muhunthan Canagey appointed CEO/MD of ICTA for second term

The Information and Communication Technology Agency (ICTA) of Sri Lanka has appointed Muhunthan Canagey as CEO & Managing Director for a second term . Canagey was first appointed to the board of ICTA with the change of government in February 2015 as the Managing Director and Chief Executive Officer to head the Agency. He was […]

Chinese delegation inspects Hambantota port, airport during fact finding mission

The Board of Investment of Sri Lanka recently hosted a delegation consisting of senior officials from Chinese People’s Political consultative Conference of Shanghai (CPPCC). The delegation consisted of 6 senior officials of the communist party of China (Shanghai chapter) and was led by Mr. Xu Yibo, Vice Chairman of the CPPCC Shanghai Committee. The delegation […]

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