The Arpico retail chain in Sri Lanka achieved a milestone in August with the opening of its 50th and 51st retail outlets, in keeping with a fast-tracked expansion plan to widen the brand’s presence outside urban and suburban locations. The two Arpico ‘Daily’ supermarkets opened at Maggona and Bandaragama respectively are a microcosm of the Arpico shopping experience, representing the product diversity and multi-brand choice that are the hallmark of the larger Arpico Supercentres, the company said.
SriLankan Airlines, the national carrier of Sri Lanka and the newest member of the oneworld global airline alliance, celebrates thirty-five years of flying, at the Airline Centre in Katunayake, today (September 1st). Founded in 1979, SriLankan today has expanded its services to 89 destinations in 44 countries across the globe, operating around 260 weekly flights out of Bandaranaike International Airport, with its all Airbus fleet of 21 aircraft.
Emirates, a global connector of people and places, has opened its first branch office in Sri Lanka in Kandy, making it easier for residents and travel agents of the hill country capital and the central highlands of the country to interact with the airline.
Inflation, based on the change in the Colombo Consumers’ Price Index (CCPI) (2006/07=100), which is computed by the Department of Census and Statistics, continued its decelerating trend observed since June 2013 and reached 4.5 per cent in August 2014 compared to 4.7 per cent in July 2014, on an annual average basis. The year-on-year (YoY) inflation also decreased to 3.5 per cent in August 2014 from 3.6 per cent in the previous month, as a result of decrease in price of food items, especially of vegetables.
Over 50 small and medium enterprises will take part in FACETS Sri Lanka 2014, the international gem and jewellery exhibition, according to the organizing committee. Organized by the Sri Lanka Gem and Jewellery Association (SLGJA), this year’s event held for its 24th year, will be held from 4th - 7th September at the Sirimavo Bandaranaike Memorial Exhibition Centre.
Spikes Asia which takes place from 23rd to 26th September at Suntec, Singapore's International Convention & Exhibition Centre, is one of the most anticipated events in the regional advertising fraternity calendar, serving as a landmark opportunity for Asia Pacific’s creative community to come together for a spectacular four-day celebration of creativity in communications.
Sri Lankan stocks slipped on Wednesday, retreating from a three-year high hit on Tuesday, led by illiquid shares in low trade, with retail profit-taking in speculative shares, brokers said. The bourse hit a three-year high on Tuesday, helped by the low interest rates and analysts said an increase in speculative trading in fundamentally weak shares could dent the healthy growth the index has seen this year.
Commercial Bank of Ceylon PLC has announced the appointment of Mr. K. M. Mahinda Siriwardana as a non-executive Director of the Bank with immediate effect. Mr. Siriwardana is the Director General, Department of Fiscal Policy at the Ministry of Finance & Planning and is involved in activities related to tax policy, government revenue and overall macro-fiscal management, the Bank said.
CDB Wins Platinum Award at LACP 2013 Vision Awards 27-August-2014
Citizens Development Business Finance PLC (CDB) won a coveted Platinum Award at the recently held League of American Communications Professionals (LACP) 2013 Vision Awards held in Florida, USA, one of the world's largest annual report competitions.
CDB won the award in the Financials- Diversified Services Category, amongst more than 24 nations and over 1,000 organisations, ensuring consistent high calibre.
The Brandix Group has reaffirmed its dominance of mercantile volleyball, sending five teams to the 2014 finals of the Men’s and Women’s Tournament conducted annually by the Mercantile Volleyball Association.
Seylan Bank is currently conducting a one-week intensive training programme for the staff of the Oman-based Asia Express Exchange in Colombo. The 13 member team arrived in Sri Lanka on Tuesday 26 August and will undergo comprehensive training sessions by a team of banking professionals from Seylan Bank until Monday 01 September.
Access Engineering PLC will be joining Cinnamon Hotels & Resorts to present ‘WAVE’ – a unique pool side fashionevent which will be held on the 30th of August 2014 at Cinnamon Bey Beruwala. The swimwear fashion show will be the highlight of the Miss Universe China 2014 pre-pageant tour of Sri Lanka which is organized by Cinnamon Hotels & Resorts in partnership with the national carrier SriLankan airlines. What sets this show apart from the fashion shows seen locally, is who will be on the catwalk: the Miss. Universe China 2014 finalists themselves, along with Miss. Universe China 2013, Jin Ye.
SriLankan Holidays, the leisure arm of SriLankan Airlines introduces an exciting package to Singapore, one you shouldn’t miss this holiday season! A country that has so much to offer for any type of holiday lover, be it for those looking for nightlife, shopping, adventure and excitement, there is always something for everyone in this multi-faceted country!
Fifty lucky Sunquick customers will win Sisil washing machines which are now on offer in the 'Sunquick Drink & Win' consumer promotion commenced on the 20th August, 2014. The Competition will run till 14th October 2014.
The entry method is simple. The lid of the Sunquick bottle will have a plastic seal in it. All what the customer has to do is to post it with the name, address and telephone number to PO box 161, Colombo.
Huawei, a leading global information and communications technology (ICT) solutions provider, was today awarded ‘European Consumer Smartphone 2014 – 2015’ by the European Imaging and Sound Association (EISA) for its latest flagship smartphone, Huawei Ascend P7. This is the second consecutive year that Huawei has been recognized by EISA after receiving the award for ‘European Consumer Smartphone 2013 – 2014’ for the ultra slim 6.18mm Ascend P6 launched in June 2013.
e-Volve Technologies (Pvt) Ltd. has been appointed as sole agent to distribute F-Secure Internet and Mobile security products in the Sri Lanka. Abans Plc. are the authorized reseller, making the products are available at Abans showrooms and retail outlets island wide.
Sri Lankan stocks fell on Monday, ending a five-day gaining streak, to slip from a three-year high hit in the previous session as investors booked profits in conglomerate John Keells Holdings Plc, brokers said. The main stock index ended down 0.34 percent, or 23.99 points, at 6,984.03, easing from its highest close since Aug. 18, 2011 hit on Friday.
Amãna Bank recently launched its flagship savings product “Savings Plan”; a unique savings scheme which allows customersto reach a target savings amount by a desired time period, helping them to develop the discipline of savings for the future. The Savings Plan is coupled with a Life Takafulinsurance cover to match their target savings while also offering a higher profit share to the customer.
Cinnamon Red, Sri Lanka's first lean luxury hotel was unveiled today under the aegis of Minister of Economic Development, Hon. Basil Rajapaksa who hoisted the Cinnamon Red flag to mark the ceremonial launch of this Rs. 3.5 Bn investment coming under the banner of the Cinnamon Hotels & Resorts chain. Prior to the hoisting, the Cinnamon Red flag was ceremonially handed over to Cinnamon Red General Manager, Terrence Fernando by Deputy Chairman of John Keells Holdings PLC, Ajit Gunewardene.
Siedles (Private) Limited, authorized distributor for Sony electronic equipment in Sri Lanka, redefined the television experience, when they introduced the Sony 4K in Sri Lanka during an exclusive launch held recently.
Elephant House Ginger Beer (EGB) offered its support to the Pro Food Pro Pack & Ag Biz 2014 exhibition held at the Sirimavo Bandaranaike Memorial Exhibition Hall recently. This marks the fourth consecutive year that EGB has been the platinum sponsor of the exhibition. Being the only carbonated beverage in the local market which uses natural Ginger, this partnership is part of EGB’s efforts to encourage local agriculture and the use of home grown agro products in the manufacturing of food items. Visiting the EGB stall, the chief guest of the event, Hon. Basil Rajapaksa, Minister of Economic Development, relished an EGB that was served to him.
The National Mobile Service Provider Mobitel was honored with the ‘Engineering - Services’ Award at the prestigious Excellence in Engineering Awards organized by the Institute of Engineers Sri Lanka (IESL) recently for following the best practices in project management designed to operate Mobitel’s sophisticated engineering systems and processes.
Diversified conglomerate, Hemas Holding PLC came forward to support the families in the Polonnaruwa district who were affected by the drought recently.
Hemas joined hands with the Disaster Management Centre of the Polonnaruwa district to provide relief to the villagers of Thamankaduwa, Dimbulagala, Hingurakgoda, Lankapura, Rathmalthenna and Elahera divisions.
M. D. Gunasena the leading publisher, printer and bookseller, declared open its 17th bookstore in Galle under the patronage of Mr. Methsiri De Silva, Mayor of Galle Municipal Council, Mr. Percy Gunasena Chairman, Mr. Ananda Gunasena Managing Director and Mr. Rajiv Gunasena Deputy Managing Director of M. D. Gunasena. The two level, state-of-the-art book store spreads across 2500 square feet embracing a chic ambience through an architectural design.
The 13th Annual Life Sales Convention of Asian Alliance Insurance – “Quality Awards 2014” was held recently under the theme “Tradition of Excellence” at Eagle’s Lakeside, Ratmalana on a high note. This glamorous forum recognizes the determined, unwavering efforts and remarkable skills of the Asian Alliance sales team who bear the baton of continuing the tradition of excellence within the company and in the industry.
The seminar series on IT Governance Risk and Compliance (IT GRC) organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) concluded successfully recently with a large number of participants being present during the two seminars which were conducted by local and foreign experts.
Team Exide has performed well throughout this year’s racing calendar, starting off the year with nine  trophies at the SigiriyaRallycross in April this year – and continuing to win many accolades at every racing event throughout the year. At the GunnersSupercrossthis year, Team Exide also performed exceptionally well, walking away with nine  awards as well as the Overall Driver and Rider Championships.
Janashakthi Insurance has raised the bar in claim payments convenience to new heights as they offer Full Option Motor claims customers a revolutionary simple mobile cash option powered by Sampath Bank Corporate Payment Solutions, whereby customers can walk in to any Sampath Bank ATM, with a network of over 300 ATMs island-wide and receive a claim payment immediately.
Australian gambling tycoon James Packer's Crown Ltd is facing months of new delays in building a planned $400 million Sri Lanka hotel and casino resort due to unspecified legal issues, a government minister said on Wednesday. Packer, one of Australia's richest men, first obtained Sri Lanka cabinet approval for the project nearly a year ago. But terms of the approval were altered in the face of strong opposition from some Buddhist leaders and political parties, and construction on the project has yet to start.
No less than 130 reps from 125 Lankan firms thronged the first bilateral B2B call between Sri Lanka and Seychelles biz ever to be held in Colombo on 27 August. “Today’s event can be a stepping stone for more bilateral trade between both countries, which is an urgent need at this moment. The total bilateral trade has been low at only $3.7 Mn. Today’s initiative therefore is a major step in this direction” said Rishad Bathiudeen (Minister of Industry and Commerce of Sri Lanka) on 27 August in Colombo.
AXE, the premium brandof men’s deodorant sprays,threw the biggest blast of the year on 23rd August at The Kingsbury to celebrate the launch of a refreshing new fragrance - AXE Blast. Hundreds of AXE fansgrooved to the beats of some of Sri Lanka’s top DJs, Dhanushka, Jay Vibes,KC Grey, Wendell and Yazzall through the night. With dedicated VIP lounges, backstage access and complimentary refreshments, the 100 highest scorers of the AXE Blast Selfie promo partied like royalty.
One of the world’s largest global accounting bodies, CPA Australia has approved the BSc. Applied Accounting degree offered by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka).
The BSc. in Applied Accounting which is currently on its third intake has been accredited by CPA Australia as meeting the academic entry requirements of the CPA Programme. The accreditation allows students who have completed the CA Sri Lanka degree programme to gain into the CPA Programme as an Associate member of CPA Australia.
Hameedia will be hosting the opening dinner for the International Film Festival of Colombo on 2 September 2014. The film festival which will take place from 2 to 7 September and is a first of its kind to be held in Sri Lanka. The opening event will bring together the Film Directors’ Guild, festival participants and audience members in an effort to celebrate a new era of Sri Lankan and international cinema. The International Film Festival of Colombo, was launched in association with the Okinawa International Movie Festival of Japan, to further promote the development of the film and cinema industry in Sri Lanka.
The National Mobile Service Provider Mobitel, announced that the telco giant has distributed cash prizes worth an overwhelming Rs. 75 million within the past six months to the winners of the Cash Bonanza grand draw as part of an exclusive Rs. 150 million Cash prize giveaway this year, which is the largest cash prize to be rewarded by a company in the telecom industry.
In a landmark event held at Saegis Capus in Nugegoda , Inspiro Business school launches its logo, website and introduced its experienced lecture panel to the distinguished gathering present there recently. Mr.Arjuna Herath – President of CA Sri Lanka unveiled the logo of the Inspiro Business School in the presence of Mr.Bandara Dissanayake – Chairman of the Company and other distinguished gathering. All guests who were present there were taken for an inspection of the class rooms and other facilities available at the Business School.
The MAS Institute of Management and Technology (MIMT) recently joined hands with the Institute of Chartered Accountants of Sri Lanka to power the 35th National Conference of Chartered Accountants with a gold sponsorship. The National Conference scheduled to be held from 23rd to 25th October 2014 at the Water’s Edge will revolve around the thought provoking theme “Rethink to Revive” which will educate participants on the importance of moving ahead with time by re-thinking the existing business models and conventional wisdom in order to tackle a paradigm shift.
The Central Bank of Sri Lanka and the People’s Bank of China entered into a Bilateral Investment Agreement on Bond Investment on the 25th August 2014, which enables the Central Bank of Sri Lanka to further diversify its reserves management activities into Chinese Renminbi denominated assets. As a result, the Central Bank of Sri Lanka could now access one of the largest and growing securities markets in the world, while also enhancing the cooperation between the two central banks, and the two countries.
Hayleys Agriculture - the agribusiness arm of Hayleys PLC - maintained its top position at the annual National Agribusiness Awards which was held at the BMICH recently by winning 10 awards. Sponsored by the Ministry of Agriculture, the National Agribusiness Awards 2014 was organised by the National Agribusiness Council and was held for the 9th consecutive year, concurrently with the Pro Foods & Pro Pack AgriBiz Exhibition at the BMICH from the 22nd to the 24th of August 2014. Hayleys Agriculture won six awards in the Large Category, three awards in the Small Category and 1 award under the Medium Category. Overall, the company won 6 Gold Awards, 2 Silver Awards, 1 Bronze and was the 2nd Runner up among the National Award winners.
CommVault (NASDAQ: CVLT) today announced new Simpana® cloud management capabilities and Simpana Solution Sets designed to transform how companies of all sizes protect, manage and maximize the value of business information amidst a rising tide of data and compliance requirements. As enterprises deploy private and hybrid clouds to increase business agility, the new Simpana Solution Sets are designed to speed cloud adoption and data center modernization by delivering next-generation software innovations. Supporting mobile productivity and improved self-service access, the Simpana Solution Sets help customers lower cost and reduce risk with enhanced data and information management for all leading cloud, hypervisor and storage platforms.
The Training Partner portfolio of the Institute of Chartered accountants of Sri Lanka (CA Sri Lanka) continued to expand as new companies came onboard to provide practical training for students under the Strategic Level. Alpha Apparels Ltd, Benji Ltd and Capital Alliance Finance PLC were recently appointed as training partners to CA Sri Lanka.
During the visit of the Seychelles delegation to Sri Lanka, Minister of Finance of Seychelles Hon Pierre Laporte who was a former Governor of the Central Bank of Seychelles, paid a courtesy call on Governor, Central Bank of Sri Lanka Mr Ajith Nivard Cabraal on August 29, 2014 at the Governor's Office of the Central Bank of Sri Lanka in Colombo.
Janashakthi Insurance and Lanka Jalani- The Sri Lanka Water Partnership (SLWP) stepped forward to call for cooperation to safeguard Sri Lanka’s fresh water sources, at a special forum held at the Jaic Hilton on August 27.
Janashakthi has facilitated several community development activities aimed towards improving the water quality in the Maha Oya area.
The newly constructed premises of the Lyceum International School, Panadura at No.38, Bekkegama Rd, Walana , Panadura were declared opened officially by the Coordinating Principal of Group of Lyceum Schools, Mrs. Kumari Grero.
The much anticipated 16th edition of the Colombo International Book Fair (CIBF) will take place from the 10th to the 17th of September at the BMICH. With the participation of 165 local and 36 international entities; A stalwart of the event, Panther, Sri Lanka’s leading stationery manufacturer, and one of the first and only manufacturers of educational products in the country; will, for the 16th successive year, be present at the Book Fair and they will be launching eight new educational products, which will help children with identification, numbers and words.
The 15 finalists of the Miss. Universe China pre-pageant tour who are presently touring around Sri Lanka, visited Sigiriya today followed by Pollonnaruwa.
The tour is part of their official agenda and is facilitated by Cinnamon Hotels & Resorts and SriLankan airlines.
“The commercial production of Agarwood which belongs to the Walla Patta genus can be guaranteed in Sri Lanka only through the CAKit (Cultivated Agarwood Kits). The patent for this technology in Sri Lanka is held exclusively by Sadaharitha Plantations,” Chief Executive Director, H.K. Rohana recently emphasized.
FACETS Sri Lanka 2014, the International Gem and Jewellery Show, that showcases hundreds of local and foreign exhibitors held the final stall holders meeting, at the Sri Lanka Gem and Jewellery Association Secretariat in Colombo recently. The meeting was preceded by The FACETS organizing committee and the board members of Sri Lanka Gem and Jewellery Association including, Past Chairman Deshabandu M. Macky Hashim, Current Chairman Mr. A.P Jayarajah, Chairman FACETS Mr. Juzar Adamally, Mr. Ziqufi Ismail, Mr. Mushtaq Jabir and Mr. Ismath Majeed.
One of the country’s largest tertiary education providers, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) continued to attract the best and brightest students with the top ten 2013 Advanced Level students also joining the institute to commence their professional journey to become chartered accountants. CA Sri Lanka attracted the island’s top ten in the commerce field including the island’s first Ms. Erandi Kanchana of Rathnawali Balika Vidyalaya (Gampaha), island’s second Ms. Ishani Hirunika Kodituwakku of Anula Vidyalaya, Nugegoda and the island’s third in rank Sachin Kamalanjana of Anuradhapura Central.
McLarens Lubricants Limited, the Sole Distributor for ExxonMobil in Sri Lanka signed up a yet another top Franchise Car Agency -Carmart Limited, Distributor for Peugeot and Mazda in Sri Lanka as official lubricant supplier.
Mr. Dilan Senevirathne, General Manager of McLarens Lubricants Ltd. stated that, "Carmart has been working with us in the past, hence this partnership will help to build our strengths and eventually be beneficial to all customers of Carmart”.
Veteran public relations and media consultant Kumar de Silva has launched his latest venture – Corporate Etiquette Consultancy. “The wealth of any organisation, however big or small is its staff. By virtue of their different positions within the organisation, they are the persons who finally represent the organisation and constitute its ‘human face’. They are thus without doubt, the de-facto ‘ambassadors’ of any and all organisations”, de Silva says.
Digital technology leader, Samsung Electronics recently introduced the world’s first Food Showcase refrigerator, the latest smart refrigerator in the Samsung range. This state-of-the-art refrigerator offers a “fridge within a fridge” design that provides the entire family with quick and easy access to their favourite food items. This innovative refrigerator also provides a 36 percent saving on energy consumption and is therefore more cost-effective and environmentally friendly.
Emirates’ advertising banners got a second life, when the airline recently transformed a 208 square meter poster into over 300 quirky and reusable shopping bags.
In a project which highlights Emirates’ fashion forward credentials and commitment to sustainable practices, the PVC material of a giant Emirates Cabin Crew poster originally displayed outside Zurich Airport, was repurposed into a limited edition line of “up-cycled” shopping bags with the help of Feinschliff, a socially integrative company in Switzerland which supports long-term unemployed people in returning to the labour market.
SriLankan Airlines, in view of encouraging and rewarding its employees who make the Airline proud at the island wide sports encounters, awarded colours to six athletes at SriLankan Airlines Sports Council Annual General Meeting held at the Colombo Hilton recently. The new office bearers for the coming year were also appointed at the AGM.
The Government of Vietnam, while unravelling Lankan investment volumes within its borders, signalled on 22 August of its own investment push towards Sri Lanka-and coming from its high levels. “Already 10 Sri Lankan investment projects are in Vietnam. Vietnam investors and businesses too are eager to go out of the country and invest. I hope the Government of Sri Lanka would create an enabling environment for Vietnamese business and investors” said a keen (HE) Pham Binh Minh (the Vietnamese Deputy Prime Minister who is also the Minister of Foreign Affairs of Vietnam) on 21 August in Hanoi.
Dr. Gomathy Narasimhan - Senior consultant, Transplant Surgeon (Hepato Pancreato Billiary & Liver Transplant), Global Health City, participated in the re union of Sri Lankan patients who underwent liver transplantations at Global Health City, Chennai over the last 4 years. “The reunion stands as a testimony to the fact, that organ transplantation is a safe solution to address liver failure.