EY webinar zeros in on importance of recovery plans for licensed commercial banks (LCBs) and licensed specialized banks (LSBs)
The CBSL Direction No. 09 of 2021[1] requires to identify the full range of recovery options available to a licensed bank to deal with shocks to capital, liquidity, and all other aspects that may arise from institution-specific stresses, market-wide-stresses, or…
Inivos and UKβs Muzuluβs milestone partnership provides end-to-end ERP solutions
Inivos the fully-fledged Sri Lankan Business Consultancy and Technology solutions provider continues and expands its partnership with Muzulu, the UK-based provider of industry-leading ERP business solutions. Established in 2019 with enduring values of integrity, innovation, and agility, Inivos is a…
Evoplay partners with HNB βno. 01 digital video advertising platform in Sri Lanka
Hatton National Bank (HNB), the premier private sector bank has partnered with Evoplay, Sri Lankaβs first, free-to-view, premium ad-supported digital entertainment platform for their digital advertising purposes. Evoplay is the only subscription-free Video on Demand (VOD) platform in Sri Lanka…
5G to accelerate the digital economy development in Sri Lanka
As Sri Lanka sets to include the spectrum for 5G in the upcoming frequency auction, the island will embrace 5G technology in the near future. Huawei advocates for accelerating 5G in line with Digital Economy development objectives during the First…
Sonduru Diriyawanthi Hair Care pack donations commence at healthcare institutions
Approximately 80% of diagnosed cancer patients require chemotherapy and this results in the devastating side effect of “loss of hair” leading to several issues -including social stigma. Realizing the severe psychological trauma women face, Kumarika, a leading hair care brand…
A Net Profit Reported in December 2021 from Sri Lankan Airlines.
December 2021 is the first profitable month since the beginning of the Pandemic. For December 2021 Sri Lankan Airlines reported a Company Profit of USD 9.25 million and a Group Profit of USD 10.66 million, which is the first profitable…
Axiata Digital Labs Expands Leadership Team with Two New Additions
Axiata Digital Labs (ADL) is pleased to announce the addition of Zeenath Sathar and Amith Wijayasooriya to their Senior Leadership Team. ADL, a leading provider of innovative software services, has announced two new executive appointments to their Senior Leadership Team…
Huawei joins ICTAβs National Digital Consortia to discuss how 5G, Cloud, and AI collaboration can fast-track digitalization
Huawei participates in National Digital Consortia on January 11th to share innovative technologies and global best practices and cases that enable the fastest route to the digitalization of economies. The National Digital Consortia is organized by Information and Communication Technology Agency…
HUTCH introduces revolutionary 1000 mins to ANY NETWORK calling Package for just Rs. 345 a month!
HUTCH, Sri Lankaβs rapidly growing choice for mobile communications services in another customer-first initiative has introduced the voice package βHari Kathaβ to fulfill all the needs of mobile subscribers in Sri Lanka. The just launched package offers a whopping 1,000…
Composition of the Official Reserve Position Clarified by CBSL
The international reserve management of a central bank is the dynamic and technical process that is normally designed to make sure that a countryβs foreign assets are readily available and controlled to attain a defined variety of objectives. Accordingly, the…