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ComBank conducts 51st AGM on virtual platform

The 51st Annual General Meeting (AGM) of the Commercial Bank of Ceylon PLC, Sri Lanka’s benchmark private bank, was conducted on a virtual platform for the first time on Thursday, 25th June 2020. This was organised to maintain social distancing as necessitated by the COVID-19...
Posted On 29 Jun 2020
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Karthik Elangovan appointed Executive Director at Citizens Development Business Finance PLC

Citizens Development Business Finance PLC (CDB) announced the appointment of Mr. Karthik Elangovan Chief Officer Corporate Affairs, as an Executive Director with effect from July 1, 2020. He is a member of the corporate management team at CDB and served as the Director/ CEO of...
Posted On 27 Jun 2020
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Emirates announces addition of seven more cities to its list of passenger destinations

  Seven new destinations across Europe, Africa, Middle East and Asia commencing in July Emirates’ network now spans 48 cities Emirates will be offering scheduled flights for passengers from seven additional cities in the month of July. These include Khartoum (from 03 July),...
Posted On 27 Jun 2020
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Viber cuts business ties with Facebook

Facebook’s data violations and failure to combat violent rhetoric have crossed the line, and Viber is taking relevant measures to cease ad spending, as well as remove product touchpoints, to protect its 1 billion users   Rakuten Viber, one of the world’s leading messaging apps...
Posted On 27 Jun 2020
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Medical tourism to form a promising component of private healthcare in Sri Lanka: Hemas Hospitals

Leading private healthcare provider, Hemas Hospitals is expecting the medical industry and wellness tourism industry to be a promising component of Sri Lanka’s healthcare portfolio, going forward and in the post Covid-19 era. “The industry could grow exponentially when packaged...
Posted On 27 Jun 2020

Allianz Lanka helps businesses recover from challenging business environment

Allianz Insurance Lanka Limited (Allianz Lanka) announced that it has helped several of its customers recover from the challenging business environment experienced in the country since early this year. The local business environment has been severely impacted by the global...
Posted On 26 Jun 2020
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Unilever announces next step in the evolution of skin care portfolio, reiterating its commitment to a more inclusive vision of beauty

Unilever Sri Lanka announced today the next step in the evolution of its skin care portfolio, with the rebranding of its flagship brand Fair & Lovely. Taking forward the brand’s journey towards a more inclusive vision of beauty, the company will stop using the word ‘Fair’ in...
Posted On 26 Jun 2020
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Kasturi Wilson to succeed Steven Enderby as Chief Executive Officer of Hemas

Hemas Holdings PLC announced the appointment of Kasturi Chellaraja Wilson as Group Chief Executive Officer, effective 1st October 2020, succeeding Steven Enderby.  As part of a planned succession, Kasturi will take on the role of Deputy CEO and be appointed to the Board of Hemas...
Posted On 26 Jun 2020
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SL’s Heritage Partners wins global honours with Outstanding Family Business Advisory Award

Heritage Partners, Sri Lanka’s newest Multi Family Office (MFO) and independent advisor to families, has struck gold at the Global Private Banking Innovation Awards 2020 in Singapore.  The awards, organized by The Digital Banker and Global Private Banker, honoured Heritage...
Posted On 26 Jun 2020

People’s Bank set to boost small and medium businesses with Rs.15 billion allocation for loans at 6%

In line with the Government’s development programme and with the aim of uplifting the small and medium businesses adversely affected by the COVID-19 pandemic, People’s Bank has introduced a special loan scheme with an interest rate of just 6%. The Bank has allocated...
Posted On 25 Jun 2020
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Sampath Bank Revive Sri Lanka Continues to Power Revival of COVID Impacted Economy

Offers Special Low Interest Business Loans and Gold Loans to Businesses and Individuals Stepping up its assistance to businesses and individuals affected by the global health and economic crisis, Sampath Bank rolled out a host of special business loans and gold loans under its...
Posted On 25 Jun 2020
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KK Collection opens Bamboo Restaurant & Bar at KK Beach, Habaraduwa

KK Collection launches ‘Bamboo’ at KK Beach, Habaraduwa, Galle, on July 1, 2020. The Bamboo Restaurant & Bar, under Chef Sesha Fernando (Executive Chef, KK Beach) and Chef Prasad Hewahinipallage (Group Executive Chef, KK Collection), is expected to further enhance the KK...
Posted On 25 Jun 2020