Category: Other
SriLankan Airlines to resume services to Karachi
SriLankan Airlines is to resume services to Pakistan’s commercial capital Karachi on 1st June 2019. Sri Lanka’s National Carrier will operate five weekly flights on Tuesday, Thursday, Friday, Saturday and Sunday, with flights arriving in Karachi at 15:10 hours and departing Karachi at 16:10 hours. Some of the international flights into Pakistan were suspended following […]
Sunshine Holdings PAT down 36.5-pct; top-line growth 6.9-pct in FY18/19
Divestiture of Tea plantation business in May 2019 Consolidated revenue of Rs. 22.6 billion, an increase of 6.9% YoY PAT amounted to Rs. 1.1 billion, down 36.5% YoY Healthcare revenue up 14.1% YoY to Rs. 9.3 billion Consumer revenue continues its growth, up 8.9% YoY to Rs. 5.9 billion Diversified Sri Lankan conglomerate Sunshine Holdings […]
Samsung redefines SMART TV with the launch of Unbox Magic Series
Samsung Sri Lanka today announced its latest Smart TVs with industry first unique benefits such as Personal Computer, Music System , Live Cast and Two Way Sharing. The new TV line up along with these never-seen-before benefits will redefine the term ‘Smart’ in Smart TVs and take your home entertainment experience to a whole new level. […]
Australia returns illegal immigrants from failed people smuggling vessel
Twenty Sri Lankan national illegal immigrants were returned to Sri Lanka yesterday from a people smuggling vessel targeting Australia. Australia remains committed to protecting its borders, stamping out people smuggling, and preventing people from risking their lives at sea. Australian High Commissioner, David Holly, warned anyone considering illegal migration not to be fooled by the […]
Ravi Fernando highlights need to embed corporate sustainability subject into curriculums
Well known strategic corporate sustainability guru Dr. Ravi Fernando has emphasized the crucial need for professional and academic programmes to integrate the corporate sustainability subject into the curriculum to ensure future business leaders understand the increasing importance of working towards safeguarding the planet. Speaking at a seminar organized by the Institute of Chartered Accountants of […]
Sri Lanka introduces an electronic Government Procurement System
Remarks made by Mangala Samaraweera, Minister of Finance at the launching event of the Electronic Government Procurement (e-GP) System on 29th May 2019 Let me first of all thank my Ministry officials, particularly Director-General Algama and his team of the Public Finance Department, for yet again achieving an important benchmark in realizing more transparency and […]
DFCC iConnect to facilitate employee EPF payments
The greatest testimonial to DFCC Bank’s credentials as the industry leader in pioneering FinTech solutions in the banking and financial solutions industry is in the fact that Central Bank of Sri Lanka recently signed an agreement with DFCC Bank to facilitate EPF payments online through DFCC’s iConnect Payments and Cash Management Portal. DFCC iConnect delivers […]
Sri Lanka to host 2021 Annual meeting of ADB: Finance Ministry
The 54th Annual Meeting of the Board of Governors of the Asian Development Bank is to be held in Colombo, in May 2021. The Annual Meeting of the ADB Board of Governors is an opportunity for member governments to interact with ADB staff, nongovernment organizations (NGOs), and representatives of observer countries, international organizations, and the […]
ComBank slashes rates for ‘Biz Loans’ to encourage SME Sector
Commercial Bank of Ceylon has announced a reduction of interest rates relating to its ‘Biz Loans’ with a view to further supporting the small and medium businesses of the country. The Bank said loans of up to Rs 250 million are on offer from 13% per annum to members of the Bank’s ‘Biz Club’ as […]
“Warak Wati Dewarak Nagi Siti Sinhayan Api” Sri Lanka Cricket launches World Cup theme song
Sri Lanka Cricket, under the auspices of the Ministry of Sports and Hon. Minister Harin Fernando – Minister of Telecommunication, Foreign Employment and Sports, launched “Warak Wati Dewarak Nagi Siti Sinhayan Api”, a song to rally the country behind the team with the essence of ‘ONE TEAM ONE NATION’ as they prepare to participate in […]
Modi wins second term
May 24, 2019 (LBO) – Indian Prime Minister Narendra Modi won a landslide victory with his party Bharatiya Janata Party (BJP) securing a larger number of seats than the 2014 election. With final results yet to be declared BJP has secured 302 out of 543 elected lower house seats so far.This would push the BJP […]
Gany Subramaniam appointed Chief Executive Officer of Allianz Lanka
Allianz today announces the appointment of Gany Subramaniam as the Chief Executive Officer of Allianz Insurance Lanka Ltd & Allianz Life Insurance Lanka Ltd (Allianz Lanka), overseeing the growth strategy of the business and with overall management responsibility of all Allianz operations in Sri Lanka. Effective 1 June, Gany succeeds Surekha Alles, who leaves Allianz […]