Granting good credit is directly connected with economic growth targets Sri Lanka is expecting: SLIC

The Sri Lanka Institute of Credit Management (SLICM), the leading institute that offers credit management education in Sri Lanka, hosted its 18th annual convocation recently at the Centre for Banking Studies with Central Bank Governor Ajith Nivard Cabraal gracing the occasion as the chief guest.With that in context below are excerpts of an interview held with SLICM Vice President Lyle Peiris:

Union Bank Receives Cfi Best Sme Bank In Sri Lanka Award

Union Bank of Colombo PLC (UBC) was adjudged the ‘Best SME Bank in Sri Lanka 2014’ by Capital Finance International (CFI). UBC won the prestigious award in recognition of its leadership position in delivering development and growth of small and medium enterprises (SME) in Sri Lanka.

Higher raw material prices continue to trouble Haycarb

Higher raw material prices have continued to trouble Haycarb PLC, the coconut shellbased activated carbon maker of the Hayleys group, as the company reported a net profit of Rs.161 million for the quarter ended September 30, 2014 (2Q15), down from Rs.261 million reported for the same period of the previous year.The basic earnings per share for the quarter also deteriorated to Rs.4.39 from Rs.7.67.The revenue for the quarter under review stood

Renowned teacher Jayasundara Arachchige Gunasiri launches Maths website

Renowned mathematics teacher Jayasundara Arachchige Gunasiri today launched www.mathssir.lk, a mathematics website which supports the education of students across the country. This website is the first of its kind in Sri Lanka and provides free online videos in English, Sinhala and Tamil to help students who have missed lessons and are struggling to complete their syllabi. The website is designed to assist students from grade 9 to 11, especial

Hybrid Homes to construct multi –storey Hybrid building for SLAAS

Hybrid Homes, Sri Lanka’s pioneer and market leader in Hybrid Construction Technology (HCT) signed an agreement with Sri Lanka Association for the Advancement of Science (SLAAS) recently to build a multi-storey building in Vidya Mawatha, Colombo 7.

JAT Holdings lays foundation for high-tech Training and Simulation Centre

In an attempt to further reduce maternal deaths in Sri Lanka, the foundation laying ceremony for the estimated Rs. 30 million state-of-theart JAT Training and Simulation Centre was held on October 27th.The JAT training and Simulation Centre will be set up under t he auspices of the Sri Lanka College of Obstetricians & Gynaecologists (SLCOG.) at Model Farm Rd, Colombo 8.

Panasonic CFL Bulbs receive SLS certification

Panasonic, a global leader and i nnovator i n consumer electronics along with Softlogic Retail (Pvt) Ltd the authorized distributor for Panasonic i n Sri Lanka, have added a new dimension in quality assurance by acquiring the coveted SLS certification for their Compact Fluorescent Light Bulb (CFL) making it the only international light bulb in the market to receive the prestigious certification.

Lanka Hospitals awarded JCI accreditation

Lanka Hospitals announced that it has received the highly prestigious JCI accreditation and its gold seal of approval after a rigorous onsite evaluation by an international surveyor team of most experienced and skilled healthcare experts, elevating the hospital to an exclusive group of healthcare organisations worldwide that has met every stringent clinical quality standard set by Joint Commission International (JCI), the recognized leader in

Emirates Wins In-flight Dining Award From Saveur Magazine

Emirates, a global connector of people, places and economies, announced that it has won Saveur Magazine’s Culinary Travel Award for Best In-Flight Dining: First Class & Business Class for the second consecutive year.

LankaClear marks ‘Intl Customer Service Week’

National payment infrastructure provider, LankaClear, celebrated International Customer Service Week from 4th to 11th October, appreciating its frontline staff for the service rendered.

Qatar Holdings plans Lankan entry

The second largest sovereign investment giant in the Gulf region has announced that it is scouting Sri Lanka for implementation-ready projects and more importantly, the world’s richest country is vying for Sri Lanka’s surging stock market. The second largest sovereign investment giant in the Gulf region has announced that it is scouting Sri Lanka for implementation-ready projects and more importantly, the world’s

Three times weekly flights from Djibouti to offer Connections via Doha to the rest of the World Awar

DJIBOUTI – Qatar Airways has continued its expansion in Africa with the launch of services to its latest destination, Djibouti, which began this week. The five-star airline commenced the three-times-weekly flights from Doha’s Hamad International Airport to Djibouti–Ambouli International Airport, marking the airline’s 145th global destination.

Jaffna IT Week 2014

The ‘Jaffna IT Week’, scheduled to be held from 3 to 6 December 2014, is an industryinitiative for inclusive growth and reconciliation, driven by SLASSCOM, and supported by the Export Development Board (EDB), Information and Communication Technology Agency of Sri Lanka (ICTA), Ministry of Education (MOE), University of Jaffna and the Yarl IT Hub.

Holcim (Lanka) excels at SLIM Brand Excellence 2014

Outperforming several high profile brands hailing from several different sectors and further cementing its place as one of the leading brands in Sri Lanka, Holcim (Lanka) secured the Silver Award as the Turnaround Brand of Year at the recently held SLIM Brand Excellence Awards 2014 at BMICH.The premier award program of marketing, SLIM Brand Excellence is the flagship event in the country’s corporate calendar, conducted by t he Sri

Huawei wins Bronze at SLIM Brand Excellence

Huawei won the bronze award in the International Brand of the Year category, at the recently concluded SLIM Brand Excellence gala awards ceremony held at BMICH Colombo. Themed “Contender or Champ?” the awards ceremony recognised best brands in Sri Lanka and rewarded brand custodians with distinct appreciation to those organisations which deploy their resources for these brands.

Pim Signs Mou With Australia’s New South Wales University

The Postgraduate Institute of Management (PIM) recently signed a Memorandum of Understanding (MoU) with the New South Wales University (UNSW) of Canberra, Australia, opening many gateways for students of the institute.The MoU was signed between PIM Acting Director Dr. Ajantha Dharmasiri and UNSW Business School Head, Professor Michael O’Donnell.

SriLankan’s FlySmiLes partners with Cinnamon Air

FlySmiLes, the national carrier’s frequent flyer programme, and Sri Lanka’s acclaimed domestic air services provider, Cinnamon Air, entered into a partnership that allows the FlySmiLes members to earn and redeem miles when flying with CinnamonAir.Cinnamon Air Director Romesh David said, “A successful and thriving association with the national carrier, SriLankan Airlines will be a cornerstone of the success of the sched

Motha Investments sells 35% stake in TVSAP

Motha Investments Corporation (Pte.) Limited (MICL) exits from TVS Auto Parts (Pvt.) Limited selling its 35 percent stake in the company to Douglas & Sons Ltd.MICL is a group company of the diversified Queens Group of Companies, headed by the third generation Group Managing Director Dinesh Motha.The Queens group was founded in 1956 by the late C.B. Motha, who was awarded the title MBE, gazetted by the Order of her Majestic the Queen of Eng

Kanrich Finance Raises Rs.750mn From Capital Market To Expand Microfinance Operations

Kanrich Finance raised Rs.750 million to fund its microfinance operations through an issue of asset receivable backed trust certificates.Kanrich’s microfinance portfolio of over Rs.5 billion generates substantial amount of cash receivables on weekly basis enabling the company to issue asset receivable backed trust certificates.

The Colombo Scouts Centenary Dinner

The Colombo District Branch of the Sri Lanka Scout Association celebrates 100 years of Scouting in Colombo this year. Scouting has a rich history commencing in 1914 and producing great leaders to the society. Colombo has been celebrating the centenary year with several events including the Colombo Centenary International Scout Jamboree in Madampe. Lord Robert Stevenson Smyth Baden Powell known as Baden Powell of Gilw

TBWA Sri Lanka shines at Spikes Asia 2014

At the recently concluded Spikes Asia Festival of Creativity, TBWA\Sri Lanka walked away with 3 metals  and a finalist accolade. The recognition came with a Silver Spike in the Design category for the Vesak Print Ad – “Space to Pray” for AIA Insurance and 2 Bronze Spikes in the Radio category for “Sparks” Electric vehicles. The Finalist was for the Outdoor category for the AIA 

Fox on the Green – Trivia Challenge at In on the Green

Colombo’s favourite watering hole and the neighbourhood fun bar in the heart of the city, In on the Green (IOG) is partnering with the latest radio station to hit local airways Fox914 to bring another unique experience to its patrons.

Etisalat Lanka proudly join hands with the Department of Pensions to empower the Nation's ‘Smart Pen

Etisalat Lanka, one of the leading mobile telecommunications service providers, in partnership with the Department of Pensions, launched a special bundled offer of products and services exclusively for pensioners at the National Pensioners’ Day event.

CIC’s Life-Saving Kidney Dialysis Product

The Pharmaceutical department of CIC’s Healthcare division is creating a significant impact in Sri Lanka’s healthcare sector by providing people with a simple and convenient kidney dialysis product.

TBWA Sri Lanka and PHD Sri Lanka in ‘BIG’ initiative for Elder’s Day

In most Asian countries, elders played a pivotal role in shaping our local communities. Sri Lanka was no exception, be it conducting rituals on special auspicious days or simply guiding and moulding the younger generation, elders were both revered and respected.

HNB Assurance tops 100,000 Facebook fans

HNB Assurance recently topped 100,000 fans on its interactive & popular Facebook page, thus becoming the only Insurance company in Sri Lanka to reach t his milestone and becoming the most active and successful Sri Lankan Insurance company in the sphere of Social Media.

Empowering girls in Sri Lanka through Connect to Learn: Ericsson partners with Mobitel and Open Univ

Ericsson and the National Mobile Service provider, Sri Lanka Telecom Mobitel today announced the signing of a memorandum of understanding (MoU) between Ericsson, Open University of Sri Lanka (OUSL) and Mobitel –to deliver Information and Communication Technology (ICT) training to teenage girls from farming communities in Sri Lanka

Fly Now, Pay Monthly - Installment payment plans for all travel bookings

Findmyfare.com, Sri Lanka’s most convenient online travel solution provider has partnered with the best bank chains in Sri Lanka, enabling customers to reserve online using their credit cards and pay in installments.

Amãna Bank Expands Extended Banking Hour network

Having introduced the convenience of Extended Banking hours last year for its customers at selected high traffic branches, Amãna Bank has expanded this service to an additional 5 branches.

99X Technology wins gold at 22nd NCE Awards

99X Technology was lauded for its notable contribution to the Sri Lankan economy through the export of high quality software product engineering services, when it cinched a Gold Award in the Export of Business and Professional Services Sector (large category) at the 22ndNational Chamber of Exporters of Sri Lanka's Export Awards for 2013.