Category: Other
Virtusa hosts panel discussion on how women can overcome career challenges
As more women enter the workforce the pressures and challenges they face only begin to increase each year. Despite these growing obstacles many women persevered and surmounted even the most difficult barrier and reached the upper echelons of industry. Virtusa recently sat down with some of these trailblazers at a panel discussion on ‘How to […]
Sampath Bank Marches towards Vision 2020 with Sampath Stars
Sampath Bank recommitted itself to offering technology driven, world class financial services to Sri Lankan consumers and businesses at an awe-inspiring event titled “Towards Vision 2020 with Sampath Stars” held at the Hilton Colombo, recently. Apprising over 1,000 Sampath Bank team members present of the Bank’s significant recent milestones, Mr. Nanda Fernando, Managing Director, Sampath […]
‘s Counsel Sir Desmond De Silva Passed Away (78)
June 05, 2018 (LBO) – Perhaps Sri Lanka’s most fierce global legal advocate passed away on June 2, 2018. Sir Desmond de Silva’s achievements were global, the most visible being his term as United Nations Chief Prosecutor. In this role Sir Desmond was elevated to the rank of Under Secretary General reporting directly to Secretary […]
IFC, a member of World Bank Group invests USD 2.5 mn in PickMe
IFC, a member of the World Bank Group, today announced its foray into venture capital in Sri Lanka with a $2.5 million equity investment in PickMe, the local technology company that introduced ride-hailing services to the country. The investment will help the company expand across the island and increase access to affordable, safe, and efficient […]
Sri Lankan dairy industry players urge strong collaboration among stakeholders
Key highlights of the Seminar on “Challenges in Meeting Emerging Trends in the Dairy Industry” organized by the All Island Dairy Association • The local dairy sector adds about 1.2% to GDP and has increased supply from 196mn litres in 2010 to 327mn litres in 2017, yet still meets only 40% of Sri Lanka’s growing […]
Dehan Seneviratne appointed Chairman of Sri Lanka Tourism Promotion Bureau
The Ministry of Tourism Development and Christian Religious Affairs announced the appointment of Mr. Dehan Seneviratne as Chairman, Sri Lanka Tourism Promotion Bureau with effect from 4th June 2018. A veteran in the marketing field, Mr.Seneviratne takes over as Chairman of SLTPB at a crucial juncture with the long-awaited global promotion campaign about to get […]
HNB concludes Syndicated Term Loan for Sri Lanka’s first waste to energy plant
Hatton National Bank as the Lead Arranger of the Syndicated Loan together with People’s Bank, DFCC and Bank of Ceylon signed off Loan Agreements to finance the setting up of Western Power Company’s waste to energy plant, the first of its kind in Sri Lanka. A subsidiary of Aitken Spence PLC, Western Power Company has […]
Elephant House commissions one of Asia’s most modern ice cream factories
Elephant House recently commissioned one of the most modern ice cream manufacturing facilities in Asia.Situated at the Seethawaka BOI zone, at Avissawella, this factory with the added capacity it brings will lead to a doubling of Elephant House’s existing ice cream production volume. Also, it facilitates Elephant House enhancing its portfolio of products.Backed by 150 […]
First Capital records highest ever PAT of Rs. 1.96 billion in 17/18
First Capital Holdings PLC (The Group) the only listed investment bank in Sri Lanka, recorded its highest ever Consolidated Profit after Tax of Rs 1,960Mn for the year 2017/18, marking a milestone in the investment bank’s history.The results show a significant growth compared to Rs. 232Mn in 2016/17. First Capital, with its impressive 35 year […]
Deshamanya A S Jayawardena: The banker’s banker
Deshamanya A S Jayawardena was the tenth Central Bank Governor, functioning in the position from November 1995 to June 2004. He joined the Central Bank in 1958 and served in the Secretariat, Establishments and Economic Research Departments before being appointed as Director of Economic Research (1977 – 1980). He served as Assistant to the Governor […]
Panasian records stellar growth; to explore opportunities in Africa & SEA
Panasian Power PLC (PAP.N), one of Sri Lanka’s leading green energy solutions providers, posted a profit before tax of Rs. 207.5 million for the year ending 31st March 2018. The company generated Rs. 489 million in revenue for the year against Rs. 205 million the previous year. This was compounded by a healthy gearing for […]
Vesak celebrated in the European Parliament for the first time
For the first time in the European Parliament in Brussels, Vesak as a day of international observance was marked with a special ceremony on Thursday, 24 May 2018.The special Vesak ceremony was hosted by Geoffrey Van Orden, MEP, Chair of the Friends of the Sri Lanka Group in the European Parliament with the participation of […]