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World / ADAderana

SEC overhauls Regulations Governing Market Institutions, Market Intermediaries and introduces a Code for Collective Investment Schemes

The Securities and Exchange Commission of Sri Lanka (SEC), the securities market regulator has prepared Rules pertaining to Market Institutions, Market Intermediaries and a Code for Collective Investment Schemes following the enactment of the new Securities and Exchange Commission Act No. 19 of 2021. These Rules which were made in terms of the powers vested in the Commission under Section 183 of the Act. The Rules in respect of Market Institutions and Market Intermediaries were published in the

5 Jul 2022 8:40 am
Promotion of Sri Lanka tourism in Indonesia

The Embassy of Sri Lanka in Indonesia in collaboration with the Sri Lanka TourismPromotion Bureau organized a Sri Lanka tourism promotion event on 24-25 June 2022 at theBundaran HI MRT Station in Jakarta, the main hub in the Jakarta MRT ( Mass Rapid Transit)System, 9,842 people travel through this station every week day and 10,470 on a Saturday. The Embassy organized this event to create awareness of Sri Lanka as a potential touristdestination among the Indonesian public. Fifty photos depicting

4 Jul 2022 4:23 pm
ComBanks pioneering ePassbook goes multilingual

The Commercial Bank of Ceylon has announced that ComBank ePassbook Sri Lankas first digital passbook is now operable in Sinhala and Tamil in addition to English, to further encourage digital banking habits and improve the customer experience. An upgrade to the app enables Commercial Bank customers to select the language of their preference to view their banking transactions and access all services offered by the ComBank ePassbook. The move to make the ComBank ePassbook trilingual was embarked

4 Jul 2022 4:19 pm
Fairfirst upholds to ensure safety of future generations by continuing to invest in Road Safety Awareness programmes at school level

Focusing on safety and uplifting the wellbeing of future generations has always been a lead community engagement initiative of Fairfirst. As an organisation that strongly believes in the value of social responsibility, Fairfirst continued with its Road Safety Awareness initiative with the recently held programme for five schools, which took place at Mahanama College in Colombo 03. Engaging with the community in a sensible manner, especially in terms of instilling community-level safety, is carri

4 Jul 2022 3:42 pm
Nations Trust Bank Conducts 6th Successful Lean Six Sigma Graduation

Nations Trust Bank PLC reaffirmed its commitment to continuous improvement as its Lean Transformation team conducted its successful 6 th Lean Six Sigma Graduation in June 2022. The event saw 29 Change Makers graduate successfully, having completed Yellow Belt and Kaizen requirements and demonstrating structured problem-solving techniques and tools that created quantitative and qualitative benefit to the bank, to qualify for graduation. The Bank first introduced the Lean way of thinking to create

4 Jul 2022 3:29 pm
vivo announces its partnership as the Official Sponsor of the FIFA World Cup Qatar 2022

vivo is committed to use technology by connecting people around the world and creating an extraordinary experience for football lovers Aims to increase brand awareness worldwide by stepping up its globalization strategy vivo, the innovative global smartphone brand announced its partnership with the most prominent international football tournament, the FIFA World Cup Qatar 2022, as the Official Sponsor. vivo has been the Official Smartphone of the FIFA World Cup since 2017 for two editions. This

4 Jul 2022 1:56 pm
Worlds No. 1 TV manufacturer Samsung introduces Samsung Sahana

Offering discounts of up to Rs.900, 000 as relief to grief-stricken locals Samsung, Sri Lankas leading electronics brand, unveiled Samsung Sahana in order to provide relief to its consumers during these turbulent times where the whole country is facing its worst economic crisis yet. Samsung has taken measures to provide relief by offering massive discounts up to Rs.900, 000 on its TV range for consumers who wish to bring home some happiness with the purchase of an entertainment system (TV). Und

4 Jul 2022 1:46 pm by CreativeHub enables exporters to increase sales and boost forex earnings for Sri Lanka

CreativeHubs B2B sales platform is paving the way for Sri Lankan export manufacturers to drive conversions by as much as 300% even in the midst of todays challenging economic landscape. With Sri Lanka facing an unprecedented economic crisis, the need to boost the countrys export earnings is greater than ever. Although the grave economic situation poses new challenges to local companies trying to make an impact in the regional and global markets, allows them to easily ex

4 Jul 2022 1:30 pm
CIPM Sri Lanka Successfully Holds 2021 Graduation Ceremony

CIPM Sri Lanka the Nations leader in human resource management- recently held its 2021 Graduation Ceremony at the BMICH, Colombo, where 818 successful students received their graduation certificates. Jayantha Amarasinghe President, CIPM Sri Lanka, Ken Vijayakumar Vice President, Priyankara Seneviratne Secretary, Chris Obeysekera CEO, Committee Members, members, academic staff, and officials of CIPM Sri Lanka together with parents and well-wishers participated at the graduation ceremony. Hon

4 Jul 2022 1:16 pm
Sampath Bank Scores 9th Consecutive Win at World Finance Banking Awards

~ Retains Status as Sri Lankas Best Retail Bank and Best Commercial Bank ~ Sampath Bank PLC has been rated as Sri Lankas Best Retail Bank and Best Commercial Bank for the 9 th consecutive year at the renowned World Finance Banking Awards ceremony hosted by the UK-based World Finance magazine. Displaying the Sri Lankan flag prominently at this prestigious global forum where the Bank has been receiving both these tributes every year since 2014, Sampath Bank is the only bank from the country to be

4 Jul 2022 12:40 pm
5th PropertyGuru Asia Property Awards (Sri Lanka) programme opens call to honour outstanding developers

Search Begins for The Finest Real Estate Companies And Projects In South Asias Dynamic Island Markets Fifth edition of the Awards now open to entries from eligible companies from Sri Lanka until 2 September 2022 Exclusive gala celebration set for October alongside the third edition of the PropertyGuru Asia Property Awards (India) The PropertyGuru Asia Property Awards (Sri Lanka) programme returns in 2022 with a diverse roster of titles for outstanding property developers and real estate developm

4 Jul 2022 12:11 pm
NATO may be annoyed seeing Chinas BRI. Should Sri Lankans be Spanish bulls?

By Prof. Samitha Hettige Leaders of the North Atlantic Treaty Organization (NATO) were in Madrid, Spain discussing challenges it faces in the new world order. Spain is famous for Bull fighting where a brave man uses a red cloth to confuse/annoy a bull. NATO seems to be like a confused bull running amok seeing the expansion of the Belt and Road (BRI). Developing strategies to safe guard nearly one billion humans in NATO countries mainly from Russia, China and other threats have topped the agenda

4 Jul 2022 11:46 am
Learning for Sri Lanka on SOE Reforms Singapores Temasek Holdings

Introduction A super-holding company for managing State-Owned Enterprises (SOEs) has been identified as a globally successful model for SOE management. This model allows the government to adopt a more arms-length approach to SOEs operational decision-making, relieving it of the direct responsibility of overseeing all the SOEs dispersed across various industries, and redirect its budget and energy elsewhere. The merits of this model have enabled countries such as Malaysia and Singapore, which hav

4 Jul 2022 11:32 am
Orient FD Plus, a special Fixed Deposit scheme with a Life insurance and a Critical Illness Cover

Orient Finance PLC, a member of the Janashakthi Group and a leading financial service provider, recently launched a special fixed deposit scheme which is an investment product that offers a fixed deposit with a life insurance and a critical illness cover. Furthermore, to educate the community and raise awareness on the financial benefits offered by this product, the sales team conducted several awareness sessions across the country. This innovative financial solution provides financial stability

4 Jul 2022 11:10 am
Gamer.LK is Sri Lankas first Esports company to be certified a Great Place to Work

Gamer.LK has been named one of 2022s Great Places to Work, by the global authority on workplace culture, Great Place to Work (GPTW) making it Sri Lankas first Esports company to receive such certification. Gamer.LK has risen rapidly to become one of South Asias best Esports organisations, owing much of its success to a flourishing workplace. Earning the Great Place to Work title involves deep analysis by the GPTW team on a companys workplace culture, management and employees mindsets after whic

4 Jul 2022 10:52 am
SLT-MOBITEL Wants Dreamers to Step Forward for Sri Lanka

In a quest to improve the lives of 22 million Sri Lankans, SLT-MOBITEL, the National ICT Solutions Provider is calling on Dreamers visionaries, inventors, geniuses and outside-the-box thinkers to step forward with prototypes or working solutions that can meaningfully alleviate the larger problems or concerns the country is facing. SLT-MOBITEL launched its #NoDreamTooBig campaign recently seeking Dreamers working on making their biggest dreams a reality through the innovative utilisation of the

4 Jul 2022 10:24 am
Dialog Partners OnMobile to Launch Mobile Cloud Gaming Platform ONMO

Dialog Axiata PLC, Sri Lankas premier connectivity provider, partnered OnMobile, the global leader in mobile entertainment, to launch ONMO ( to provide Dialog mobile customers a unique, immersive and interactive gaming experience. ONMO, a mobile gaming platform that blends cloud streaming, social Esports and Artificial Intelligence (AI), offers Dialog mobile users access to more than 60 exciting mobile games spanning genres such as action, arcade, racing, adventure, puzzles, and

4 Jul 2022 7:04 am
Interview withGFlockfounder Ranil Willadarage

Tell us a little bit about yourself Im Ranil Willadarage, an entrepreneur & a fashion designer by profession, the CEO & founder of the clothing brand called GFlock. I was born in Akuressa and moved to Colombo to study at Royal College after passing grade 5 scholarship exams. What is the purpose of this press release? Today I would like to reach out to the media, Sri Lankans, and all Sri Lankans living abroad with a single sustainable foreign exchange earning solution that I believe will help sa

4 Jul 2022 6:48 am
U.S.-Sri Lanka Economic Cooperation: Opportunities and Challenges

Ambassador Chungs Remarks to the 183rd Annual General Meeting of the Ceylon Chamber of Commerce June 30, 2022 Chairman Govindasamy, CEO de Silva, honorable members of the board, and friends at the Ceylon Chamber of Commerce thank you for the invitation to speak with you this evening. I understand this is the first time in three years youve been able to hold this General Meeting in person and how wonderful it is to see you all in person and not on a screen! As the Chairman just spoke about all

2 Jul 2022 1:28 pm
BOI launches long term residence visa program for investors

The Board of Investment (BOI) today (01) launched the five-year residence visa program dedicated to investors, stakeholders and BOI enterprises. Issuing long-term visas for investors has been the practice as per the international standards. On par with matching the international benchmark in respect of ease of doing business, the BOI has decided to launch this program to attract more investors to the country. The long-term visa program, a long-felt need, primarily aims to facilitate the investor

1 Jul 2022 3:34 pm
US Ambassador Highlights Vital Steps for Sri Lankas Economic Recovery at Ceylon Chambers 183rd AGM

The Ceylon Chamber of Commerce re-elected its leadership for the forthcoming year at its 183 rd Annual General Meeting on 30 June, 2022. The United States Ambassador to Sri Lanka Her Excellency Julie Chung attended as the Chief Guest. Highlighting the Chambers concerted efforts toward national economic policy reform, Mr. Vish, Govindasamy, re-elected as Chairman of the Chamber for the year 2022/23, expressed appreciation for USAs multifaceted support for Sri Lankas economic recovery and socio-ec

1 Jul 2022 3:17 pm
HNB and Brown & Company collude to offer exciting leasing facilities for Agri machinery

Sri Lankas premier private bank HNB PLC joined hands with Brown & Company PLC, the most trusted and preferred partner of customers to offer exclusive leasing packages for state- of the art agricultural machinery. The partnership between the industry leaders will offer customers purchasing Browns Yanmar and Sumo harvesters and Massey Ferguson and TAFE tractors with exclusive discounts and exciting benefits. The MoU was signed at a special ceremony at Browns Agriculture premises at Dewanampiyatiss

1 Jul 2022 2:45 pm
Axiata Digital Labs partners with SLASSCOM as the Platinum Sponsor for the SLASSCOM Ingenuity Awards 2022

Axiata Digital Labs (ADL) strengthens their partnership today with the Sri Lanka Association for Software Services Companies (SLASSCOM), the national chamber for the IT/BPM industry in Sri Lanka. ADL will act as a Platinum Sponsor for the 2022 National Ingenuity Awards. ADL is a leading innovative software service provider, offering telco-focused digital and IT services and solutions, advancing the digital lives of millions around the world. ADL provides a variety of IT software, solutions and s

1 Jul 2022 12:47 pm
Government approval rating drops from 10% to 3%

The second round of the Gallup Style Mood of the Nation poll was conducted in June by Verit Research. It assessed the approval, satisfaction, and confidence of the nation in relation to the government, the country, and the economy. The poll was conducted as a part of the syndicated survey instrument by Verit Research. This instrument also provides other organisations the opportunity to survey the sentiments of Sri Lanka. Government approval rating | 3% | To the question, Do you approve or disapp

1 Jul 2022 12:39 pm
eChannelling introduces One-touch Tele-Channelling to offer personalised Doctor consultation Services

Reiterating its commitment to pioneering digital lifestyle & health solutions, eChannelling, Sri Lankas largest channelling network and arm of SLT-MOBITEL, launched its all new One-touch Tele-Channelling Service, offering personalised online video Doctor consultation solution. The new service enables patients based locally or worldwide to consult Doctors online, providing personalized service and greater convenience. With a strong pledge to offer high quality digital healthcare solutions and lea

1 Jul 2022 12:15 pm
Seylan Tikiri Kids watch Exclusive Jurassic World screening

Seylan Banks Tikiri account holders were given an exclusive screening of Jurassic World Dominion at Savoy 3D cinema recently. The cinema was fully occupied with Tikiri Kids who got the opportunity to watch the latest movie with their parents or guardians, and enjoyed the evening immensely. At present, children only have access to limited entertainment options, whilst family time too has reduced due to strained living conditions. Seylan Tikiris objective was to give children an enjoyable time wi

1 Jul 2022 11:45 am
Paduma Subasinghe appointed Director Human Resources at HEINEKEN Lanka Limited

Paduma Subasinghe has assumed duties as Director Human Resources of HEINEKEN Lanka Limited. He joins a distinguished panel of Management Team members at HEINEKEN Lanka headed by Managing Director Maud Meijboom-van Wel. Prior to joining HEINEKEN Lanka, Paduma served as the Director Human Resources in one of the fastest growing export companies in Sri Lanka. His exposure in HR spans across large-scale conglomerates, telecommunication MNCs and consultancy with HR agility being at the core of his fo

1 Jul 2022 11:35 am
Ceylon Chamber Re-Elects Leadership at 183rd AGM

The Ceylon Chamber of Commerce held its 183 rd Annual General Meeting at the Cinnamon Grand Hotel on 30 June, 2022. The Chief Guest at the AGM was Her Excellency Julie Chung, the U.S. Ambassador to Sri Lanka and the Maldives. Mr. Vish Govindasamy was re-elected as Chairman of the Chamber for the year 2022/23. In his capacity as the Group Managing Director of Sunshine Holdings PLC Mr. Govindasamy heads a diversified conglomerate that operates in the healthcare, agribusiness, consumer goods, inves

1 Jul 2022 11:21 am
DENTSU CREATIVE Bengaluru wins Cannes Lions Agency of the Year and awarded Titanium Lion for The Unfiltered History Tour

DENTSU CREATIVE Bengaluru won Titanium, three Grand Prix, one Gold, three Silver and three Bronze Lions for The Unfiltered History Tour for VICE media Follows the launch of Dentsu Internationals Global Creative Network, DENTSU CREATIVE, on Monday 20th June at Cannes Lions Dentsu Asia Pacific was also shortlisted for Regional Network of the Year in tonights awards Dentsu Creative Bengaluru also won Experience Track Agency of the Year Cannes DENTSU CREATIVE Bengaluru has been named Cannes Lio

1 Jul 2022 11:12 am
Business Sentiment Index Free Falls to a 21 Year Low

Sri Lanka is suddenly fighting a new war with the index rolling back to wartime When 99 percent of business leaders fear for the investment climate and the national coffers are as empty as a starving persons belly, and when the very bare necessities of life are not available and people are looking deprivation in the eye, we are reduced to the very least of ourselves. How much longer can businesses and the people draw upon their resilience and generosity of spirit to employ and feed their compatr

1 Jul 2022 11:06 am