EMUI 9 is coming to Huawei P20 and Nova Series 3

(PRESS RELEASE)  As an exciting year for HUAWEI  the promise of an update for the HUAWEI Nova and P20 series is already on its way. The EMUI 9, which was first introduced to HUAWEI customers through the Mate 20 series, will be accessible to the users of HUAWEI Nova series and the HUAWEI P20 series […]

Commercial Bank obtains Payment Card Industry Data Security Standard certification

The Commercial Bank of Ceylon has obtained the prestigious Payment Card Industry Data Security Standard (PCI-DSS) certification from SISA Payment Security Specialists, the company that globally offers compliance and assurance on various payment standards.The Bank has been certified as complaint with PCI-DSS v3.2.1 which is applicable to any company that accepts, stores, processes or transmits […]

Deepthie Wickramasuriya joins the Board of Vidullanka PLC

Vidullanka PLC announced the appointment of Ms.Deepthie Wickramasuriya to the Board of Vidullanka PLC as a Non-Executive Independent Director with effect from 01st January 2019. This announcement follows the resignation of Mr. Zulficar Ghouse from the board a day before. In addition to joining the Board of Vidullanka PLC, Ms. Deepthie serves the Board of […]

Chinese payment solution ‘WeChat Pay’ acceptance launched by Commercial Bank

Chinese tourists visiting Sri Lanka now have the added benefit of purchasing goods and services and paying for them through ‘WeChat Pay’ – one of the leading mobile payment solutions in China, consequent to a partnership between the Commercial Bank of Ceylon PLC and Tenpay Payment Technology Ltd. This mobile app solution is brought to […]

Mastercard evolves its brand mark by dropping its name

Mastercard announced that it is dropping its name from its iconic brand mark in select contexts. The interlocking red and yellow circles, referred to as the Mastercard Symbol, will now stand on its own across cards using the red and yellow brand mark, acceptance marks at retail locations both in the physical and digital worlds, […]

BOI signs agreement for USD1.8mn warehousing & logistic project in Malwana

Jan 08, 2019 (LBO) – Sri Lanka’s Board of Investment has signed an agreement with Skylift Container Depot and Logistics to set up a facility that would be engaged in warehousing and logistics services with a container depot. This project with a total value of 1.83 million US dollars will be located at Walgama, Malwana […]

Sampath Bank and Micro Cars launch 3 month leasing promotion

Sampath Bank PLC joined hands with Micro Cars Ltd. to offer special leasing packages on brand new Micro, Geely, BAIC, SsangYong and MG passenger vehicles from 13th December 2018 to 13th March 2019. Customers can avail a host of benefits including special discounted leasing rates on selected models. Furthermore, they will also be eligible to […]

MBSL announces changes in MIDCAP with year-end index rebalance

In a pioneering move, Merchant Bank of Sri Lanka & Finance PLC (MBSL) constructed a Stock market Index: the “MBSL MIDCAP Index”, which measures the aggregate price level and price movements of medium-sized companies listed on the Colombo Stock Exchange (CSE). The index which came into operation in the Year 1999 is revised annually and […]

Online property portal LankaPropertyWeb acquires Lamudi.lk

Sri Lanka’s leading property portal LankaPropertyWeb has announced the acquisition of the country’s no.2 property portal lamudi.lk, firmly establishing the company as the dominant portal in the country. The acquisition includes the lamudi.lk domain and all its listings, plus the local operations of Lamudi Sri Lanka. With this acquisition, LankaPropertyWeb aims to expand its reach […]

Hemas Pharmaceuticals launches pharmacists skill development program

Leading local pharmaceutical importer and distributor Hemas Pharmaceuticals (Private) Limited in conjunction with the Pharmaceutical Society of Sri Lanka recently launched its inaugural Pharmacists Skill Development Programme with the objective of gearing pharmacists with the necessary skills, qualifications and training to serve patients better. “Currently, there are more than 3,700 pharmacists serving patients across the […]

Tribute: Senior UN Economist Lakdasa Hulugalle (1932-2018)

January 2, 2018 (LBO) – Christmas Day 2018 saw the passing of Lakdasa Hulugalle at the age of 86. Hulugalle served as a Senior Economist at United Nations agency UNCTAD, and was my father’s elder brother. We spent a fair amount of time together and had many a discussion on our shared interests of politics, […]

Jaffna to New York’s Wall Street and back to Jaffna

By Jekhan Aruliah Back in the day Raj Janan’s father was a successful industrialist in Jaffna, owning at various times an aluminium factory, a knitwear factory, a private hospital and a newspaper. Janan’s childhood was disrupted by the JVP insurrection in 1971 when he was 11 years old.One consequence of which was the family was […]

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