Category: Other
Prime Minister receives honorary doctorate from Deakin University Australia
Prime Minister Ranil Wickremesinghe was awarded an honorary doctorate in law at the graduation ceremony of Deakin University in Australia for significant contributions in reforms in economy, education and human rights in Sri Lanka, PM’s office said. The award recognises his efforts to help Sri Lanka transition from a country traumatised by protracted, violent conflict toward […]
BOC, Mastercard team up to enable faster payment innovation
Bank of Ceylon (BoC) announced that it will be strengthening its longstanding partnership with Mastercard, enabling it to tap into Mastercard’s global technology and expertise to bring payment innovation to Sri Lanka faster. The Bank aims to roll out safer, smarter, and more innovative payment options by connecting to Mastercard Integrated – a back-end technology […]
Rice millers call for release of govt stock to maintain price control
Feb 14, 2017 (LBO) – Sri Lanka’s Small and Medium Scale Rice Mill Owners’ Association says if they are to sell rice to consumers at a controlled price the government needs to release 67,000 metric tons of paddy in store at the Paddy Marketing board. This request was made at a meeting held with Finance Minister Ravi […]
DFCC launch ‘Vardhana Sahaya’ with govt initiated ‘Swashakthi’ for small enterprise sector
(PRESS RELEASE) – After six decades of nurturing small and medium businesses to become leading enterprises in their respective sectors, DFCC Bank is pleased to launch Vardhana Sahaya, effectively extending its expertise to the small enterprise category. Vardhana Sahaya is a new product for the small enterprise sector which offers a range of financial services including […]
Sri Lanka’s Aitken Spence net up 36-pct in 3Q
Aitken Spence PLC recorded a strong financial performance closing the immediate 9-month period with a 9.9% year-on-year growth in profits before tax amounting to Rs. 2.9 billion, and a 17% growth in profit attributable to shareholders. The growth is attributed to strong financial performances posted by a number of key operational sectors in the reporting […]
Case study of elephant attacks on foreign tourists in Sri Lanka
A Case Study of Wild Asian Elephant Attacks on Foreign Tourists in Sri Lanka. [pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2017/02/45-33-Prakash.pdf”]
Leadership transition at Dialog’s wOw.lk
Digital Commerce Lanka (Pvt) Limited, a wholly owned subsidiary of Dialog Axiata PLC and the operator of wOw.lk, Sri Lanka’s largest ecommerce site recently announced a transition of leadership. As part of the Axiata Group’s accelerated leadership development program, the outgoing Chief Executive Officer, Sheyantha Abeykoon will take on a new assignment in Kuala Lumpur, […]
IMF worried about elections in Europe, populist candidates
Feb 13, 2017 (LBO) – International Monetary Fund’s chief Christine Lagarde says elections in several countries in Europe, in the context of support for populist parties, is a cause for concern. Germany, France and the Netherlands will hold elections in coming months which may raise questions about the future of the European Union. “I am […]
JLL Sri Lanka get new Managing Director, Steven Mayes
(PRESS RELEASE) – Jones Lang LaSalle (JLL), Sri Lanka’s leading real estate consulting firm, announced the appointment of Steven Mayes asfull-time Managing Directorof its Sri Lanka operations. Mr. Mayes bring 35+ years of experience in real estate to JLL’s Sri Lanka business and will be based in Colombo. He is expected to advance the […]
Virtusa third quarter revenue up 3.4-pct
(PRESS RELEASE) – Revenue for the third quarter of fiscal 2017 was $217.2 million, an increase of 3.4% sequentially and 44.2% year-over-year. On a constant currency basis, (1)third quarter revenue increased 4.2% sequentially and 48.6% year-over-year. Virtusa reported GAAP income from operations of $6.5million for the third quarter of fiscal 2017, compared to $3.5 million […]
Mahindra expands business foot print with Ideal Motors Sri Lanka
Mahindra & Mahindra Ltd., a part of the USD 17.8 billion Mahindra Group based in India, today announced that it is set to expand its business footprint in Sri Lanka. The company will set up three new businesses in the country together with its proud partners for over 7 years Ideal Motors. Mahindra along with […]