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ComBank further slashes lending rates

Agri Business Loan rates reduced by 3.5% in 2020 to date SME Loan rates cut by 4% this year Gold Loan rates reduced by 5% since January 2020 The Commercial Bank of Ceylon has announced a further lending rate cut, slashing rates by up to 2% on all categories of loans in a...
Posted On 25 Jun 2020
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SINGER launches new website offering an unmatched shopping experience

3 days of special discounts from 26th to 28th June SINGER, the country’s premier consumer durables retailer recently launched its new website in order to provide an optimal user experience to its customers through www.singer.lk. This yet again replicates SINGER’s commitment in...
Posted On 25 Jun 2020
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Huawei ranks #6 among world’s most innovative companies 2020

Global leading ICT infrastructure provider Huawei has ranked No. 6 in BCG’s recent released list of the 50 Most Innovative Companies in 2020, moved up by 42 places. This is the highest ranking for the tech giant since it first made the list in 2012. According to the report by...
Posted On 25 Jun 2020
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Emirates to fly A380 to London Heathrow and Paris, adds Dhaka and Munich to network

The highly popular Emirates A380 aircraft will begin serving travellers on flights to London Heathrow and Paris starting from 15 July. This marks the return of Emirates’ flagship aircraft on scheduled services since the pandemic forced the temporary grounding of the airline’s...
Posted On 25 Jun 2020
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Sarvodaya Development Finance relocates Kamburupitiya branch to better serve cinnamon farmers in the area

Sarvodaya Development Finance, a licensed Finance Company approved by the Central Bank of Sri Lanka, has relocated its Kamburupitiya branch to provide an enhanced service to its valued customers in the area. The new branch is located at #7, Banduwatta, Akuressa Road,...
Posted On 25 Jun 2020
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Nations Trust Bank PLC launches Rs. 7 Billion “Nations Diriya” fund to support economic revival

Led by their vision of “helping people and businesses by providing financial services and information to achieve their goals and aspirations in a sustainable way”, Nations Trust Bank has identified the importance of assisting adversely affected businesses with a view to...
Posted On 25 Jun 2020
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HNB Assurance to Introduce New Products Faster with Oracle Cloud

HNB Assurance PLC (HNBA), one of Sri Lanka’s leading life insurers has gone live on Oracle Cloud Enterprise Resource Planning (ERP) to simplify and streamline its business processes as well as to increase visibility into its financial operations and support its mission to deliver...
Posted On 25 Jun 2020
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St. Mary’s College Chilaw in Partnership with Seylan Bank PLC Launches Sri Lanka’s 1st Virtual OBA payment platform

Seylan Bank introduced a payment gateway facility, VOBA (Virtual Old Boys Association) at St. Mary’s College Chilaw, one of the oldest educational institutes in Sri Lanka. The school is the first in the island to be facilitated with the VOBA platform as a part of its process...
Posted On 24 Jun 2020

Liquor manufacturers gravely concerned over poor quality produce using local ethanol

Local liquor manufacturers continue to express concerns over the quality and safety of products manufactured using locally-made ethanol, following the government-imposed ban on the import of ethanol. The disbursed liquor products manufactured in this way have garnered strong...
Posted On 24 Jun 2020
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Amana Takaful’s ISO 9001:2015 recertification affirms commitment to service quality

Amana Takaful PLC (ATL) was reaffirmed ISO 9001:2015 recertification for both its General and Family (Life) Takaful businesses recently. The renewal underscores the company’s continuous efforts to provide the highest service standards to its valued customers.   The ISO...
Posted On 24 Jun 2020
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HNB FINANCE gets Fitch rating upgraded to ‘AA-(lka)’

Leading Sri Lankan Financial Services provider HNB FINANCE, recently had its National Long-term rating upgraded to ‘AA-(lka)’ with a negative outlook following the recalibration of Fitch’s rating scale for Sri Lanka. The recalibration was conducted to reflect...
Posted On 24 Jun 2020
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Fortude first from Sri Lanka to join Microsoft AI for Accessibility program

The grant enables development and expansion of accessible technology for people with disabilities Colombo, Sri Lanka: – Microsoft announced it selected Fortude as the first Sri Lankan grant recipient of its AI for Accessibility program, which funds organizations that use...
Posted On 24 Jun 2020