Category: Business and Economy

Banks are facing increased challenges in meeting heightened regulatory expectations AML compliance is a board level issue with continuing operational challenges and investments not bearing fruit Banks are following a risk-based approach for AML compliance, but more needs to be done to extend it to the enterprise level Transactions monitoring, and sanctions screening processes need…

Huawei P40 Pro is the latest flagship smartphone rolled out in Sri Lanka by Huawei, the innovative smartphone manufacturer. The all-new Huawei P40 Pro is expected to revolutionize the smartphone photography with its Ultra Vision Leica Quad Camera setup. Camera has become a key aspect which receives much attention over other specifications and the evolution…

Axiata Digital Labs announced that they have entered into a partnership with LK Domain Registry to sponsor the BestWeb.lk Awards 2020.  The partnership results in Axiata Digital Labs being crowned as the Exclusive Technological Partner of the 2020 Awards. The Awards, originally commenced in 2009, is considered as Sri Lanka’s only web design competition. As…

Use of drugs by school children in both urban and rural areas of Sri Lanka has been a significant concern for well over a decade particularly because it is a sensitive age where such use can lead to long-term addictions and resulting health and social issues. Many children who have engaged in drug use were…

INIVOS Consulting, the fully-fledged Enterprise Resource Planning (ERP) solutions provider has launched its assortment of solutions to Sri Lanka’s enterprise sector in a bid to provide end-to-end solutions, earmarked to make progress in the business sphere. INIVOS, an authorized partner of global ERP solutions provider IFS, has to-date served a multitude of local and international…

Singer, Sri Lanka’s premier consumer durables retailer, has partnered with Signature Group, Malaysia’s largest Kitchen Cabinet and Wardrobe manufacturer. With this new partnership, Singer aims to begin manufacturing Signature Kitchen systems and products in Sri Lanka. This collaboration is expected to reinforce Signature brand’s presence in Sri Lanka which treats the local consumers to a…

Huawei, the innovative smartphone manufacturer has introduced an all-new Postal Repair Service in a bid to support the Huawei device holders. With this latest initiative, which is available 24/7 and 365 days, customers avail a free pickup and delivery service that facilitates convenient smartphone repairs. This convenient courier service intends to facilitate the customers by…

Aims to provide a world-class customer experience Singer (Sri Lanka), the premier consumer durables retailer has collaborated with Sri Lanka Institute of Marketing (SLIM), the apex body for marketers, to launch an Advanced Certificate in Retail Services Marketing in a bid to equip Singer sales force with the best practices and industry knowledge in marketing.…

Dubbed the “Oscars” of the design industry, the Red Dot Award: Brands & Communication Design was recently awarded to HUAWEI Assistant · TODAY. Based on Red Dot’s motto of “In search of good design and creativity”, this award is a testament to Huawei’s efforts in continuous innovation to provide a smart consumer experience. The brand…

Since its inception, Ocean Lanka has established itself as Sri Lanka’s largest weft knitted fabric manufacturer, overseeing all four phases of fabric production from knitting to dyeing, printing and finishing. As Ocean Lanka, Sri Lanka’s largest weft knitted fabric manufacturer, steps into its 25th glorious year, it is an ideal occasion to look back at…