eVolve Technologies (Pvt.) Limited are gaining momentum and brings value to their tagline ‘Easy Solutions - Powerful Contributions’ by introducing the ‘Restaurant POS System’. This latest software developed by eVolve focused towards restaurants and other Food Service related establishments such as fine dining restaurants, take away outlets, clubs and bars offers a turnkey tailored business solution.
In response to strong demand, Emirates has confirmed it will start operating a second daily service to Lisbon, Portugal from 1st January 2016.
Timed to maximise a wave of new global connections to Lisbon, the second daily flight will offer travellers a convenient afternoon flight from Dubai to Lisbon helping to link customers in Australasia, East Asia, South Africa and West Asia with this vibrant city.
All arrangements have been made to launch the 2015 National Forum for Life Insurance Advisors (NAFLIA) conference on the 4th of August. Themed ‘A Day All Sri Lankans are Insured,’ the conference attracts the best life insurance advisors from all insurance companies via the Insurance Association of Sri Lanka (IASL) and its sub committee, the Marketing & Sales Forum (MSF).
Max Fairness announced the winner of the first of 7 specially customized Max 320i cruiser motorbikes under the brand’s biggest ever Max Pora Unbuyable Bike promotion. Ajantha Sampath Jayasinghe, who purchased a 25g MAX Fairness pack and took part in the draw, won the magnificent Street Fighter at the Hiru FM Mega Blast concert held in Ampara recently. The Unbuyable bikes which were on display at the event wowed over 150,000 revelers who actively participated in the draw.
An attractive new policy that will pay up to 50 per cent of the basic sum assured in lump sums every four years without any diminution of the policyholder’s maturity entitlements has been launched by Ceylinco Life, sparking fresh interest in life insurance. Branded ‘Ceylinco Life Supreme,’ the new policy offers comprehensive life cover, lump sum payments every four years, above average maturity value and optional rider covers for critical illness, hospitalization or major surgery.
The Swadeshi Industrial Works PLC the pioneer manufacturer of soap and herbal personal care products in Sri Lanka, introduces an exciting new Soap and a Lotion to their Kids Range “Little Princess”. “Little Princess” Soap, Lotion, Cologne,Shampoo and Shower-Gel are now available in selected Supermarkets, pharmacies and stores in three exciting variants.
The Spikes Asia Festival of Creativity has today announced the first names that will make up the juries at this year’s Festival. Details have been released for the Film, Print and Print & Poster Craft; Outdoor and Radio; Direct and Promo & Activation and Design juries.
The second Aitken Spence Staff Convention was held on 24 July at Aitken Spence Towers. Deputy Chairman & Managing Director, Mr JMS Brito, Main Board Directors, Managing Directors and over 350 members of staff were present at this event.
Sri Lankan shares rose for a third straight session on Friday and closed at their highest in two months, as expectations of strong corporate earnings and political stability after the parliamentary polls next month boosted investor sentiment. The main stock index ended higher 0.78 percent, or 56.43 points, at 7,269.05, its highest since May 25. Turnover was 1.61 billion rupees ($12.05 million), more than this year's daily average of 1.06 billion rupees.
Continuously setting the benchmark in the fashion industry, Hameedia Sri Lanka’s leading menswear specialist recently hosted an exclusive book signing event featuring international fashion photographer - Nigel Barker. The gathering took place at the Envoy Mansion in Colombo where Barker signed copies of his latest publication Models of Influence, a New York Times best seller that beautifully features 50 of the world’s most influential models and outlines their place in the pantheons of fashion and pop culture.
Amil Group of Company, to commemorate its 30 years service to the nation embarked on a noble CSR activity. Walter Abeysundara, Chairman of Amil Group unveiled Kotha of the Chetiya which he had made and donated to Samadhi Buddhist Centre at Rathmalana. The occasion was graced by the President Maithreepala Sirisena.
Sri Lankan shares closed at their highest level in about eight weeks on Thursday on strong foreign inflows for a second session as hopes of political stability after Aug. 17 parliamentary polls and better earnings lifted sentiment, brokers said. The main stock index ended 0.18 percent, or 12.99 points up at 7,212.62, its highest since May 29.
Setting yet again, their island-wide presence in the form of a new showroom, DSI opened their newest store, this being the 204th showroom, in Rathmalana on July 21st. The new showroom in Rathmalana will help elevate the company’s array of shoes, sandals and slippers to customers who no doubt consider the brand as a solid household name.
Holcim's three customer commitments are key to the Group achieving true customer-centric service, Customer Excellence Coach – Holcim Group Dana Crisan said during a recent visit to Sri Lanka. These commitments are 'We create value,' 'We keep our promises,' and 'We are easy to do business with.'
wOw.lk, Sri Lanka’s largest online shopping mall will be partnering with KTI to host its first-ever ‘LEGO Day’, a fun filled event for children of all ages. The highly anticipated ‘LEGO Day’ will be hosted at the wOw.lk showroom which is located at No. 176/1, Thimbirigasyaya Road, Colombo, on Saturday 25 July 2015 from 10.00 a.m. to 4.00 p.m.
Sri Lankan stocks were trading at more than seven-week highs on Wednesday as expectations of political stability after the Aug. 17 parliamentary polls lifted sentiment, brokers said. At 0853 GMT, the main stock index was up 0.76 percent at 7,199.69, the highest level since June 1. Turnover stood at 1.59 billion rupees ($12 million) on Wednesday.
Initiating a new episode in building more meaningful relationships with business partners, “Elite Eve” - the mega annual event- held by Johnson and Johnson, a world famous healthcare company, came to a successful ending recently. The event, which took place as a series covering all the regions - Kandy, Jaffna, Batticaloa, and Galle- apart from the main event at Water’s Edge, Colombo, was a real showcase of the commitment, regard and admiration towards its partners – the pillar of their success.
South Asia Textile Industries Lanka, a leading Weft Knit fabric manufacturer for global brands such as Victoria’s Secret, Marks and Spencer, NEXT, Adidas, Columbia Sportswear, PVH/Calvin Klein, Tesco F&F and many more, recently commemorated its 10th anniversary with a number of celebratory activities for its 950 employees, as well as a Corporate Social Responsibility (CSR) initiative by staff that saw the refurbishment of the nearby Government Dispensary in Pugoda.
Known for throwing lavish movie premieres for hundreds of loyal listeners at a time, Sri Lanka’s Lifestyle radio station E FM wowed fans once more with its most recent movie premiere for Marvel’s Ant-Man, an action/adventure/comedy that tells the story of a superhero and a heist, in equal parts, which was hosted at the iconic Savoy cinema in Wellawatte.
Union Assurance General (UAG) now under the corporate umbrella of Canadian based Fairfax Financial Holdings successfully concluded its Annual Awards Ceremony for the year 2014 on the 16th of July at the Grand Ballroom, Waters Edge.
Sri Lanka Institute of Marketing (SLIM) recently concluded the judging process for NASCO 2015 – the premier national event dedicated to recognise, honour and reward sales people in Sri Lankaamidst record numbers in participation.
This year has seen the highest number of entries as well as the highest number of companies participating in the history of the event, and has attracted several multinational giants and diversified local conglomerates.
Kadulla, the evocative teledrama that explored the societal changes that took place in mid twentieth century Ceylon, is back on the small screen for a new generation of television audiences every Sunday at 8.30 pm on Rupavahini sponsored by Commercial Bank, and will run till November 2015. Tilak Jayaratne’s monumental screen play was first broadcast as a radio play and was filmed for television under the masterly direction of Dharmasena Pathiraja, one of the most prolific and recognised film directors and screenwriters of Sri Lanka who directed many award winning films, documentaries and teledramas.
ikman.lk Sri Lanka’s largest market place, recently unveiled their latest service ‘ikman delivers’, further enhancing the convenience for its customers when buying and selling a product. ikman.lk now provides sellers with an opportunity to reach a wider audience and sellitems with no hassle,while buyers can receive a product directly to his/her doorstep without having to leave the comfort of their homes.
The topmost performers of the Union Assurance General sales force recently participated in two successful tours to North India and China. Spanning over several days, the tours were a part of a structured and comprehensive rewards and recognition scheme intended to motivate sales staff to stretch themselves to provide the highest level of service to customers and achieve the company’s objectives.
Providing the digital home for the International Festival of Creativity, the Cannes Lions Archive has re-launched with improved functionality and a brand new design, bringing the spirit of creativity to people across the globe.
Until 31 August 2015, all delegates who attended Cannes Lions will have complimentary access to the Archive, allowing them to view the shortlists and winners from across all nine days of the Festival.
“Are you prone to Cancer or Heart Disease? Go to a Union Chemist Pharmacy and find out now”, says Dr Vaz Gnanam, Director Credence Genomics, subsequent to their tie up with Union Chemists. Credence Genomics is now working with Union Chemists (Pte) limited to assist you in finding out your risk of getting cancer and heart disease.
Sri Lankan stocks closed at a near seven-week high on Friday led by select shares in heavy trade as hopes of political stability after the Aug.17 parliamentary polls lifted sentiment. Foreign investors however cut holdings in blue chips, with net outflow of 906.9 million rupees ($6.78 million) on Friday reversing year-to-date net inflow for the first time since Feb.2.
The Planters’ Association of Ceylon refutes incorrect and misleading statements being circulated by certain parties with regard to the payment of daily wages to estate workers who pluck 18kg to 20kg of tea leaves being entitled to receive two full days’ wage for a single day’s work. While information has come to light of such a rumour, the Association wishes to categorically state that the Regional Plantation Companies (RPCs) did not agree to any such demand in the final round of negotiations on estate sector wages, held with the participation of the Minister of Labour, Hon. S. B. Nawinne, on 15th July, at which the concerned parties did not arrive at consensus.
Boeing [NYSE: BA] announced today that Oman Air has contracted for a suite of services to support the upcoming entry into service of its 787 Dreamliners and to ensure ongoing efficiency and cost savings for its fleet.
OLU Tropical Water, from the rarest Sri Lankan cloud forests, is the newest brand of drinking water that will be introduced to the local market, shortly. It is a proud Sri Lankan brand that aims to push the boundaries of water from a source that is so unique. Symbolising the purity of our national flower found in the beautiful water bodies across Sri Lanka, the OLU flower plays a distinct role in our landscape, symbolising the tropical waters of Sri Lanka.
Over the years, the convergence of emerging technologies has culminated in a few notable tipping points that have propelled financial analysis into the next era of insight and efficiency. The transition from punch cards to disk and magnetic tape in the 1970s took data storage processing out of human hands and into the digital realm. In the 1990s, widespread adoption of the Internet brought unprecedented insight and collaborative potential to financial analysts everywhere.
Spikes Asia, the Festival of Creativity returning to Singapore from 9-11 September, this year builds on its mission to provide a space for the next generation to grow and hone essential skills through tailored programmes.
Throughout the Festival a series of carefully structured academies will run, offering bespoke training for different career disciplines.
Sri Lankan shares hit a one-month high on Wednesday, led by large-caps and banks, as hopes of political stability after the Aug. 17 parliamentary elections improved sentiment. On Tuesday, President Maithripala Sirisena criticised a comeback bid by Mahinda Rajapaksa, whom he beat in elections last January, and his own allies for backing him to become prime minister.
Continuously setting the benchmark in the fashion industry, Hameedia, Sri Lanka’s leading menswear specialist recently opened its 8th Signature store in Kalmunai, making the Kalmunai showroom the largest Signature store in the country. The ceremonial opening was attended by the Municipality Mayor of Kalmunai and Senior Attorney Nizam Kariyapper, Fouzul Hameed - Managing Director, Hameedia and senior management and staff of as well as members of the local community.
Softlogic Finance PLC has extended its ‘Clean Zone’ community initiative which is intended to enhance the cleanliness of the environment – by supporting proper disposal of garbage, for the benefit of the residents of the fast-growing Jaffna peninsula.
Electro Metal Pressings (EMP), a leading company in the engineering construction industry, has stepped up as the principal sponsor for the upcoming most sought after exhibition ‘Construct 2015’ in its 15th consecutive year under the theme ‘Build Your Dreams’.
Continuously setting the benchmark in the fashion industry, Hameedia, Sri Lanka’s leading menswear specialist recently launched its Signature Wedding Promotion. Now customers purchasing a Signature Italiano suit, will also be entitled to a free scratch card, and will stand the chance to win a variety of exciting prizes.
H.E. Maithripala Sirisena visited the Central Bank of Sri Lanka (CBSL) on 9th July 2015. He was accompanied by Hon. Prime Minister Ranil Wickramasinghe. They were jointly received by Governor Arjuna Mahendran, members of the Monetary Board and the senior management of CBSL.
Serendib Flour Mills, an innovator and trend setter, with your health at heart recently provided ten employees with the opportunity to participate in the ‘Serendib Flour Mills Technical Exchange Programme’ in Canada. The seven day programme was held in partnership with Cigi (Canadian International Grains Institute). The Serendib team comprised members from the milling, quality assurance, sales and marketing teams as well as members from the supply chain and finance departments.
With a mission to facilitate inclusion for each and every Sri Lankan, lotteries innovator Mahapola Lotto recently introduced a new price for its M Lotto ticket. Now at Rs. 20 only, M Lotto tickets at this lower price point will be even more accessible to many more hardworking Sri Lankan citizens, who have often requested lower price tickets from sellers.
Ceyoka (Pvt) Ltd, the nation’s leading diversified entity, recently announced it has signed a milestone exclusive distributor agreement with Eurofarma, one of the largest pharmaceutical companies in Brazil.
Asia Capital PLC recently held a blood donation drive at the World Trade Centre as part of its commitment towards being a responsible corporate citizen. The event, which was open to anyone, saw the participation of over 100 people representing 15 companies.
Sri Lankan shares hit a more than one-week high on Monday, surpassing the 7,000-point psychological barrier as hopes of political stability after the Aug. 17 election helped boost sentiment, stockbrokers said. The ruling United National Party (UNP) has formed a coalition with some other parties to contest the election. Political analysts see the new coalition could increase the ruling party's chances of winning the election.
Sri Lanka’s leading Sinhala radio channel Shree FM has revolutionised the local radio industry, by launching free movie screenings for Shree FM fans. Termed “Cinema Wasanthaya”, this initiative by Shree FM to popularise the newest Sri Lankan films has also given loyal Shree FM listeners the chance to interact with locally popular movie stars during these screenings.
Entrepreneur, fashion icon and animal lover Otara Gunewardene who exited the Odel business empire she founded and built to focus on matters closer to her heart, has set up a non-profit foundation dedicated to improving the lives of all animals, communities and the environment.
MasterCard engaged with over 100 senior electronic payments professionals at its inaugural Payments Strategy Workshop in Colombo recently. The event was unique and one of the biggest in the electronic payments industry in Sri Lanka.
Annual dealer convention of the Richard Peiris Tire Company was held at the “Cinnamon Grand” Hotel in Colombo on recently. Out of the company’s 1500 strong dealers, persons who have delivered best results had the honor of receiving their awards from Richard Peiris and Company PLC Group Director Mr. Sunil Liyanage and General Manager Mr. Pradeep Samaratunga.
Euromoney, widely considered one of the world’s leading financial magazines, has adjudged Commercial Bank of Ceylon PLC the Best Bank in Sri Lanka in 2015 at the magazine’s Asia Awards for Excellence presented recently in Hong Kong. This is the second major international award presented to Commercial Bank in the past two months, during which the Bank also had the distinction of becoming the only Sri Lankan bank to be ranked among the Top 1000 banks of the world for five consecutive years.
Sri Lanka's iconic beverage brand Elephant House Ginger Beer, lovingly referred to as EGB, has achieved another milestone in its growing international popularity, with it now being carried at the Walmart-owned Asda in the UK, the country's second-largest supermarket chain by market share.
Available in its 330ml can variant, EGB was especially selected by Asda, due to it being increasingly preferred by UK customers, who frequently choose this natural ginger flavoured Sri Lankan export over dozens of UK- and EU-based beverages at their disposal.
zMessenger, the award winning integrated mobile media company, made history once again as they became the first and only Sri Lankan digital agency to receive the ISO 27001:2013 certification for information security by the Bureau Veritas Certification Holding SAS-UK branch. Through this latest achievement, the company continues its tradition of being in the forefront of mobile marketing and digital services in Sri Lanka.
In its capacity as the sole authority to promulgate accounting and auditing standards in the country, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), unveiled the ‘Preparer’s Guide to Integrated Corporate Reporting,’ an illustrative implementation guide to facilitate corporates in the country to produce a more comprehensive integrated report.
Natuzzi, the Italian luxury furniture manufacturer, joined hands with Softlogic Retail (Pvt) Ltd, a fully owned subsidiary of Softlogic Holdings PLC and appointed Exclusive Authorised Distributor for Natuzzi in Sri Lanka, to launch its first flagship showroom in Sri Lanka. Conveniently located at No. 100, Galle Road, Colombo 4, the four storey store showcases a stylish selection of exclusive home furniture by Natuzzi. The showroom has been designed to offer a unique brand experience.
For finance and human resource professionals, the job doesn't get much better than this. A recent Everjobs career report showed accounting and auditing, human resource and administrative job roles to be in high demand, especially in the rapidly expanding healthcare sector of Sri Lanka. It also revealed an emerging demand for project management specialists.
As the title partner of Colombo Fashion Week (CFW) Swim, OLU Tropical Water leads the way in promoting healthy living. Sourced from one of the rarest cloud forests found in the upper reaches of the island’s hill country, OLU is one of the first natural mineral water brands from Sri Lanka.
Not all bottled water you buy is sourced from a natural supply of mineral water. Even with the proliferation of bottled water brands in the market-place, you will be hard pressed to find a water brand that conforms to international standards that are on par with brands like Volvic and Evian.
Twenty five aspiring Sri Lankan entrepreneurs, chosen from 100 candidates with ideas for potentially game-changing technology startups, have embarked on the 2015 MIT Global Startup Lab (GSL) programme in Sri Lanka conducted by the Massachusetts Institute of Technology (MIT) in partnership with leading apparel manufacturer Brandix and WSO2, a leader in enterprise middleware.
MAS breaks new ground with the world’s first Chemical Leasing project for waste water treatment. UNIDO applauds it as a great start for Sri Lanka and a giant leap in rethinking chemical management by responsible business brands. As part of a long term commitment to environmental sustainability, MAS unveiled its latest sustainability innovation with the signing of the world’s first Chemical Leasing agreement on waste water treatment.
Sri Lanka Telecom (SLT), the leading ICT solutions provider in the country was proud to announce of its role as the Principle Sponsor of the 94th National Athletic Championships, conducted by the Athletic Association of Sri Lanka. As a relatively small island with modest means, it can sometimes seem like our talented Sri Lankan youth aren’t always fortunate enough to be set up with the necessary facilities to allow them to compete with the major powers from other sides of the planet.
A large number of high profile local and international business leaders have registered for the biggest ever Strategy Summit organized by the Business School of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). The registered participants include Chairmen, Managing Directors, Directors, CEOs, COOs, CFOs as well as Business Unit Heads representing local and foreign companies.
Women’s high-end fashion label Radisi celebrated its formal launch in Colombo on the 20th July. The store opening was celebrated with a launch party and presentation of the collection. Situated at 34, 27th Lane, Colombo 03 – the Radisi outlet will feature pieces that are suitable for all occasions. The collection encompasses sophistication through strong, stylish and statement pieces that are figure flattering and one of a kind.
Mihin Lanka recently launched its all-new Business Class cabin and service to provide passengers with added comfort and luxury on the airline’s short to medium haul flights. The new cabin offers a variety of comfortable features, which ensure that passengers enjoy a relaxed and enhanced experience on board their flight. Introducing the new Business Class service is also part of Mihin Lanka’s strategic long-term plan to capture a greater market of corporate travellers, who travel frequently for both business and leisure.
At the first Asia Pacific Ultra-Broadband Summit hosted in Bangkok, Huawei and national regulatory agencies in Asia Pacific, International Telecommunication Union (ITU), major carriers and telecommunications industry partners including Light Reading, Heavy Reading, and Ovum, have agreed on the future direction of Ultra-Broadband development in Asia Pacific and its agenda to build a better connected Asia. The Summit serves as an important milestone for quick innovation and accelerated growth of the ultra-broadband market in the Asia Pacific region.
OLU Tropical Water presents Colombo Fashion Week (CFW) Swim, which aims to launch Sri Lanka as a swimwear hub in Asia and serve as a leading platform for swimwear designers and manufacturers in the region, and beyond. CFW Swim is technically supported by state-of-the-art swimwear manufacturer, Linea Aqua, and will showcase the latest collections of nine Sri Lankan and three international swimwear labels. Hosted by Hilton Colombo, CFW Swim will take place on 7 and 8 of August 2015 at the Hilton Colombo Poolside.
PR Wire, one of Sri Lanka's leading PR firms has partnered with Social Enterprise Lanka, the leading organisation for developing the social enterprise sector in Sri Lanka. Social Enterprise Lanka aims to build a thriving social enterprise sector in Sri Lanka by 2025 with thousands of social enterprises, employing hundreds of thousands of people, returning measured social, environmental and economic impact to Sri Lanka. Please visit http://socialenterprise.lk/ to learn more about their mission and services.
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently rewarded 130 outstanding students including the top achievers at the 2014 Advanced Level examinations with scholarships to embark on a globally sought after career in chartered accounting.
Sri Lankan stocks edged down on Tuesday, marking their second straight loss as investors stayed on the sidelines awaiting cues from June-quarter corporate earnings. The main stock index ended down 0.03 percent, or 2.27 points, at 7,145.59. It closed at its highest since June 1 on Friday as hopes of political stability after the Aug. 17 parliamentary polls lifted sentiment. Turnover stood at 334.8 million rupees ($2.50 million) on Tuesday, the lowest since July 14 and well below this year's daily average of 1.06 billion rupees.
DHL, the world’s leading logistics company, scooped its seventh consecutive Trusted Brand Award in the ‘Airfreight/Courier Service’ category in Asia at the highly regarded Reader’s Digest Trusted Brands Awards 2015. Beating the competition in five major markets, DHL extended its market-leading positions in Hong Kong, Singapore and Taiwan by winning the Platinum awards – a first for Taiwan which achieved Gold in 2014. DHL Express Malaysia retained its position as market leader with another Gold award; it was joined at the top by DHL Express Philippines, voted Gold by readers for the first time.
One year after it received its charter from Toastmasters International, the Toastmasters Club of Ceylinco Life has been accorded ‘Distinguished’ status by Area E02, Division E, District 82, in recognition of the progress of the club’s members. Two members of the club emerged the winner and runner-up at the Area E02 speaking competition and qualified to compete at the Division E competition at which one of them was adjudged the runner-up, the club said. The Ceylinco Life Toastmasters Club has been acclaimed as one of the most active in Area E02.
A spate of activities in geographically and culturally diverse areas of Sri Lanka has seen Embark, Sri Lanka’s unique fashion brand supported community animal welfare programme, record one of the busiest quarters in its eight year history.
Sri Lankan stocks fell on Monday from their near seven-week closing high in the previous session as investors stayed on the sidelines ahead of financial results of blue chips like Commercial Bank of Ceylon Plc. The main stock index ended lower 0.2 percent, or 14.10 points, at 7,147.86, snapping a seven-session rally. It had closed at its highest since June 1 on Friday as hopes of political stability after the Aug.17 parliamentary polls lifted sentiment.
Vocational Training Authority (VTA) announced the inauguration of two vocational training institutes in Trincomalee on 8 July 2015. The ‘Vocational Training in the North and East of Sri Lanka’ (VTN) project is a bilateral cooperation between the Democratic Socialist Republic of Sri Lanka and the Federal Republic of Germany. The project is implemented by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and the Kreditanstalt für Wiederaufbau (German Development Bank - KfW) on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ).
Richard Anthony Collins – COO, F&F Clothing UK and Alison Tania Rose – Director International Sourcing, Tesco HK, recently joined Azmina Kareem - General Manager of Tesco Sri Lanka and the Directors of the Hirdaramani Group on a site visit of the Hirdaramani factory in Mullaitivu.
Fems sanitary napkins announced the appointment of Pooja.G.Umarshankar the inspiring popular female film artist and a women’s activist as the Fems brand ambassador on 14th July 20015 at a gala event held at the Kingsbury Hotel Colombo.
Fems is a leading brand of Sanitary napkins dedicated to empowering women by offering them the comfort, protection and confidence to perform their tasks at all times without any worries. The brand has consistently been upgrading their product portfolio to provide superior performance with the highest quality standards to cater to the evolving needs of Sri Lankan women and their active lifestyles.
The ICT Agency (ICTA) led efforts to get Sri Lanka ratify the UN Electronic Communications Convention bore fruit, when Sri Lanka’s Permanent Representative to the UN in New York Dr Rohan Perera deposited the Instrument of Ratification in New York recently. This is sequel to approval from the Cabinet of Ministers obtained in June. The cabinet approval authorized the Ministry of Foreign Affairs to deposit the Instrument of Ratification at the UN Treaty Office so as to ensure Sri Lanka’s entry into this only UN Convention on the subject of international e-Commerce and on the use of cross border e-Contracts.
The Central Bank of Sri Lanka and the Reserve Bank of India signed the currency swap agreement in New Delhi on the 17th of July 2015 enabling Sri Lanka to draw USD 1.1 Billion. This is in addition to the USD 400 mn made available to the Central Bank of Sri Lanka in April 2015 under the financing facility for South Asian Association for Regional Cooperation (SAARC) member country Central Banks.
Janashakthi Insurance has stepped forward to empower students through the “Future of Our Children” programme, targeted at those sitting for the highly competitive grade 5 scholarship examination. Every year, approximately 300,000 students apply for this examination, according to the Ministry of Education.
The AAA (Triple A) long-term credit rating accorded to the Bangladesh operations of Commercial Bank PLC has been reaffirmed by Credit Rating Information and Services Ltd (CRISL) for the fifth consecutive year. Triple A is the highest credit rating given to any financial institution in Bangladesh by CRISL.
Kelani Cables PLC conducts its much talked about CSR program 'Kelani Visura' on wire laying in electrical systems for electrical technicians and apprentices throughout the country.
Two latest workshops of 'Kelani Visura' were held at Kebithigollewa in Anuradhapura district and Dambulla in Matale district. Here the participants were taught of the latest methods of electrical wire-laying.
The Accredited Association of Advertising Agencies (oft referred to as the Four A’s) conducted a full day training workshop entitled ‘7 Secrets of Creative Radio’ on the 8th July 2015 at the Taj Samudra in Colombo. Aimed at uplifting the standards of excellence in relation to the radio medium, the workshop was directed by internationally acclaimed and award winning radio director, Tony Hertz.
SAP SE (NYSE: SAP), today announced that Sri Lanka’s award-winning biscuit manufacturer Maliban Biscuit Manufactories elected Business Suite 4 SAP HANA (SAP S/4HANA), the next generation business suite from SAP, to improve productivity and streamline business operations in real time. With this deployment, Maliban will become Sri Lanka’s first company to implement SAP S/4HANA.
Swarna Solutions Ltd., a subsidiary of the EAP Group recently announced that the company has obtained its internationally recognized CarbonNeutral® certification. The certificate was presented by Vivian Frost the Regional Representative of The CarbonNeutral Company, to the senior management of Swarna Solutions, on the occasion of World Environment Day.
Emerald gave away one million rupees to Mr. Sarath Weerasuriya of Ethul Kotte under its innovative ‘Focuss Million Rupee T-shirt’ campaign. Mr. Weerasuriya who purchased the winning Focuss T-shirt at Beverly Street, Rajagiriya received a cheque for one million rupees at an event held at the store recently. He was humbled and grateful to the innovative and stylish brand and noted that he could have never imagined being so lucky.
Emirates has announced the promotion of Ahmed Shaffaq of Malé as the airline’s Aircraft Engineer in the Maldives. Mr Shaffaq, 30, who joined the Dubai-based international airline as Senior Aircraft Mechanic in 2007, is the first Maldivian to be employed by Emirates in the Maldives as Aircraft Engineer.
Sri Lanka’s biggest ever Strategy Summit organized by the Business School of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), will focus on some very insightful and thought inspiring topics, which will help business leaders in Sri Lanka and the region strategize and help their businesses become resilient for 2020 and beyond.
The National Mobile Service Provider Mobitel recently partnered Microsoft, the world’s leading software and services company as an authorized Cloud Solution Provider (CSP) to introduce Microsoft Cloud Based Solutions for local businesses.The partnership will enable Mobitel to offer a host of world-class technologically efficient and productive services such as ‘Office 365’, ‘Azure’, ‘Dynamics CRM’, ‘SharePoint’, ‘Skype’ for Business and ‘Yammer’ together with a wide variety of Mobitel’s own unique benefits and service offerings to enterprises and SME’s.
Disrupt Unlimited, the Brandix-led start-up seed accelerator, has entered into a strategic tie-up with Regus, the world’s largest provider of flexible workspace solutions, to offer collaborative workspace to business start-ups incubated by the former.
China’s richest province Guangdong, together with Sri Lanka Tourism yesterday announced a two-way partnership in a move to boost tourist arrivals. With an estimated GDP of US$1 trillion, which makes it the richest province in China and the 13th biggest economy in the world, Guangdong, formerly known as Canton launched an attractive campaign with a high-powered delegation from Guangdong including members from its Provincial Tourism Association, as well as Senior Advisor to Guangdong Province Government and Sri Lanka Tourism officials.
To have your cake and eat it too is tricky business when it comes to running a restaurant. Valley based Restaurant Technology Company Leapset recently launched in Sri Lanka, offering the latest innovations in restaurant technology to allow restaurant owners to focus on what matters - the food, the service and enjoying that proverbial piece of well-deserved cake.
Leapset’s holistic, fully integrated restaurant operating system runs the gamut restaurant management from Social Discovery of your restaurant, making a reservation, Online, mobile ordering, restaurant operations via their advanced POS, payments, customer retention and loyalty.
Pointing out that the demand of plantation sector trade unions for an unconditional increase of the daily wage of estate workers to Rs. 1,000 – a massive 62% increase from the Rs. 620 at present – is inconceivable in any industry, Regional Plantation Companies (RPCs) note however that their productivity-based wage proposal enables workers to meet their aspirations of earning Rs. 1,000 per day. While the RPCs are finding even the present daily wage to be significantly above production costs and are experiencing negative cash flows, nevertheless, being conscious of the needs of workers, they have made the following proposal.
With the Pre-Fall fashion season in full swing, Odel is gravitating towards the simple but chic colourful solid block patterns and geometric designs that are the current rage on global runways, offering fashionistas in Sri Lanka an opportunity to update their wardrobes. Combining the latest trends with the store’s own aspirations for the future, Odel has chosen for its Pre-Fall theme the catchphrase ‘Think Big,’ reflecting the impetus it has gained from new owner Softlogic Holdings, under whose stewardship the brand has big plans for expansion.
Emirates, a global connector of people and passions, and official partner of Arsenal Football Club has unveiled its first plane to feature Arsenal branding as the team fly out for the start of the club’s summer tour to Singapore this week.
The Gunners arrived in style on an Emirates B777-200LR chartered aircraft that has been specially designed for their Arsenal Singapore 2015 visit.
Effective communication, the secret of many successful people, is the latest self-improvement course launched by www.guru.lk -- the most popular online learning website in Sri Lanka; targeting professionals aspiring to turbo charge their careers.
Offering children more reasons to brush their teeth twice a day, Sri Lanka’s No. 1 toothpaste, Signal, launched its “Dewarak Madinna Dewarak Dinanna” promotion recently. With two daily draws and a weekly draw, the campaign will see Signal rewarding consumers with laptops, tabs and cash prizes amounting to Rs.1 million.
Credence Sri Lanka’s foremost and pioneering venture in genomic medicine has been identified as a leader in clinical genomics and the only commercial provider of next generation sequencing. Credence now offers its cutting edge services through partner hospitals, labs, and Pharmacies Island wide. The organization now offers corporate testing to the all the staff and managers of LAHRC management services.
Firzan Mulafer - Director Client Services at Publicis Solutions Sri Lanka, has been selected to serve on the highly respected jury of the Spikes Asia Festival of Creativity 2015. The festival is set to take place in Singapore this September and is acknowledged as the region’s oldest and most respected awards show for celebrating creativity in the marketing communications industry.
Customers travelling on Emirates’ First Class can now look forward to the introduction of the recently released Dom Pérignon Vintage 2005, and the Dom Pérignon Vintage Rosé 2003, across different routes.
The largest global partner of Dom Pérignon, Emirates has also introduced a pairing menu developed by its team of culinary experts in collaboration with Pascal Tingaud, Chef de Cuisine at Dom Pérignon and two-Michelin star chef.
Axis Communications, the market leader in network video, and TYAX (Private) Ltd., Colombo’s leading distributor of IT Peripherals, Networking products and Components, today announced their partnership for the distribution of full range of Axis network video products. Customers from Sri Lanka and Maldives will have direct access to Axis network video products from May 2015 onwards, by TYAX (Private) Ltd.
Ms. Olivia Kirtley, President of the International Federation of Accountants (IFAC) met with students of CA Sri Lanka, CIMA, CMA, ACCA, AAT and universities, as well as lecturers on the morning of 27th July 2015 at the Institute of Chartered Accountants of Sri Lanka, for an interactive session on 'Corporate Governance, Ethics and Accountancy Education.'
The Swadeshi Industrial Works PLC, the market leader in Sri Lanka for herbal personal care products, has sponsored the “Aloka Poojawa” of the historic Yapauwa Raja Maha Viharaya for the Poson full moon poya day. The illumination is done under the theme; “Swadeshi Khomba Aloka Puja Sathkaraya”.
The Sri Lankan rupee ended steady in dull trade on Friday as a state-owned bank maintained its dollar-selling rate at 133.70, dealers said. The spot rupee closed steady for the second straight session at 133.70/80 per dollar.
The Safari Hotel, Tissamaharama, a luxury abode designed to provide a pleasurable experience for wildlife enthusiasts recently had the honour of serving Nigel Barker, the renowned English reality TV personality, fashion photographer, author, filmmaker and former model during his stay in Sri Lanka.
The Sri Lanka Golf Union together with Prima Sunrise Bread continue its drive to broad base the game in the country and scheduled the two regional opens to be played during the school holiday season in August to facilitate more participation. We are likely to see entries for the first time from Nuwara Eliya with junior schools program taking birth after the initiation of the schools program conducted by the Nuwara Eliya Golf Club and the Sri Lanka Golf Union development program.
Renowned Sri Lankan business leader Mr. Husein Esufally joined the Board of Janashakthi Insurance PLC., and its subsidiary Janashakthi General Insurance Limited as Deputy Chairman with effect from 22nd July 2015. He takes over from Mr. C. T. A. Schaffter, who retired from the position on 31st March 2015.
IronOne Technologies has announced the launch of ‘ATrad Mobile’ for busy investors to access the Colombo Stock Exchange for real-time market information, and to trade securely via their smartphones.
‘ATrad Mobile’ has easy to use stock trading features and capabilities that allow clients to securely trade stocks, track and manage portfolios and market movements, as well as analyse industry research and trends.
The Sri Lankan rupee ended steady in dull trade on Thursday ahead of the central bank's policy review on Friday and as a state-owned bank maintained its dollar-selling rate at 133.70, dealers said. There was, however, downward pressure on the rupee due to demand for the greenback from importers, dealers said.
The Commercial Bank of Ceylon recently interacted with 260 entrepreneurs in the Central and North Western provinces at programmes hosted in Kandy and Kuliyapitiya as part of the Bank’s on-going initiative to promote entrepreneurship development across the country by empowering micro, small and medium enterprises with the knowledge they need to grow.
Lankem Ceylon PLC recently moved into its own building at No 46/56 Navam Mawatha in Colombo 02. The 30,000 sq ft new office complex will enable the company to integrate several of its operating profit centres in one location for the first time. The move to re-locate the Company’s operations to Colombo’s commercial nerve centre will help to further strengthen its image as one of Sri Lanka's largest and fastest growing industrial conglomerates.
The National Long-Term Rating of Commercial Bank of Ceylon PLC has been affirmed at 'AA(lka); Stable Outlook' by Fitch Ratings Lanka (FRL). Commercial Bank’s Basel II compliant outstanding subordinated debentures have been affirmed by Fitch at 'AA-(lka)'.
Deshodaya Development Finance Company Ltd (DDFC), a subsidiary of the Sarvodaya Economic Enterprise Development Service (SEEDS) is due to re-launch as Sarvodaya Development Finance Limited. Approved by the Monetary Board of the Central Bank of Sri Lanka (CBSL), the company will continue to focus on micro financing and will function on the principles of the Sarvodaya Movement.
American & Efird (A&E) Lanka, a fully owned subsidiary of one of the world’s premier industrial sewing thread manufacturer American & Efird LLC, USA, recently stepped up as a key partner for the upcoming ‘Swim’ by Colombo Fashion Week (CFW) to be held on the 7th and 8th August at Hilton Colombo.
Launching for the first ever time in Sri Lanka by CFW, Swim, a season of its own, will continue to be an annual event or rather platform for local and international swimwear designers and manufacturers.
Sri Lanka’s fastest growing and much loved coffee house chain Barista Lavazza in an attempt to add further attractions to its growing portfolio of outlets, will now offer convenient meeting spaces for companies and individuals who would like to take their business meetings out of the office. Following a global phenomenon of out of the boardroom meetings that allow a more relaxed atmosphere for planning, idea generation and brainstorming sessions, the Barista meeting spaces will offer the convenience of a central location, quiet surroundings, free Wi-Fi facilities, great food and beverages, and the opportunity to relax and unwind with great coffee post-meeting.
Competitive gaming (commonly referred to as ‘electronic sports’ or ‘eSports’) has turned into a multi-million dollar sport in the world within the past few years. The scale of some tournaments’ prize pools easily make international organizations such as ICC look diminished. The group stages of the highest prize pooled tournament with 17 million dollars, The International 5 organized by the American Video Game Development giant Valve, is scheduled to start on the 26th of July.
Luv SL by ODEL opened its newest and most extraordinary store at Crescat Boulevard recently. Located at Shop No. 19 A, Lobby Level, the Luv SL store is representative of ODEL’s most innovative stores featuring Sri Lankan inspired fashion, accessories, souvenir, home-grown products and items that are retailed in a new format of stores.
Wellawatte Nithyakalyani Jewellery together with Rotary Club of Colombo East organized a mega blood donation campaign recently. Over 100 donors participated in this worthy initiative organized for the second consecutive year. Blood is an essential need for the country and the organizers consider it is their duty to join the efforts of the Rotary Club of Colombo East on continuous basis.
This summer, Emirates’ award-winning ice entertainment system debuts two famous YouTube channels ‘Cute Girls Hairstyles’ and ‘Brooklyn & Bailey’. Known for their hairstyle tutorials, fashion and beauty vlogs, the two channels have over 5 million subscribers and over half a billion views combined on YouTube.
A project by the Corporate Social Responsibility Trust of Commercial Bank to landscape one and a half acres of the gardens of the National Hospital of Sri Lanka (NHSL) Colombo has been completed. Officials of the two institutions jointly inspected the completed work recently, and the NHSL presented a token of appreciation to the Bank for its contribution.
Sri Lanka’s leading commercial tyre supplier CEAT Kelani Holdings recently hosted dealers and customers for its truck and bus tyres at two special forums to share technical knowledge and brief them on new products. A continuation of an initiative begun in 2014, the first two programmes for the current financial year were held in Matara and Piliyandala and were attended by more than 150 invitees, the company said.
Fashion Bug, one of Sri Lanka’s leading Fashion retailers with over 17 outlets island wide, were recognised for the work carried out by them via their ground breaking Sisu Dirimaga Foundation, including their Career Guidance programme for G C E A/L Students and school leavers, the drinking water project that was completed and presented to the Ovitigamuwa Maha Vidyalaya, the donation of the computer unit to the Thumbe Kanishta Vidyalaya, and the sponsorship of the Dhammikka Kithulgoda scholarship foundation.
The Central Bank of Sri Lanka (CBSL) issued a commemorative coin with a face value of Rs.5 to mark the 75th Anniversary of Bank of Ceylon in recognition of its national service. The issuance of the coin took place at the Central Bank of Sri Lanka on 09 July 2015 by presenting the coin to H.E. the President and the Hon. Prime Minister of Sri Lanka.
Revolutionizing the fashion industry in Sri Lanka,NOLIMIT &Glitz, the two leading fashion retail chains, pioneered introducing yet another exciting fashion line to Sri Lanka – Fragrance Denim of MSD, the flagship men’s wear brand from the House of Siyaram – India. This first ever introduction to Sri Lanka - Fragrance Denims - was launched recently at a glamorous event held at NOLIMIT-Image, Wellawatta; amidst a distinguished gathering from NOLIMIT, Glitz, and House of Siyaram.
Barista Lavazza, Sri Lanka’s premier coffee house chain is opening up opportunities for investors to its successful franchising model. With seven outlets in the city of Colombo, and 4 more at the Bandaranayake International Airport, Galle Fort, Mirissa and the latest in Mount Lavinia, Barista Lavazza has steadily grown its business to a chain of highly successful coffee houses situated in strategic places around the island.
Lafarge Mahaweli Cement concluded their Health & Safety month 2015, with a number of activities held at their factory premises located within the Colombo port. The theme of this year’s safety month, which was in line with Lafarge’s global best practices on secure operations was KEEP LEARNING - COMMITTED, OPEN , UNCOMPROMISING’ with special emphasis on zero accidents and a firm commitment towards engaging and caring for one another.
Kolkata, or Calcutta as it was formerly known is the capital of the Indian state of West Bengal and is located against the backdrop of the Hooghly River, which is better known as the 'Ganga'. As the commercial, cultural and educational hub of East India, this exotic, colonial city, bustling with traffic, shopping areas, restaurants, delectable street food, eye-catching architecture and historical monuments, is the third-most populous metropolis in the country.
The Mercantile Volleyball Association of Sri Lanka (MVA) is once again organizing the annual mercantile volleyball tournament in a bid to popularize the national sport and to widen the interest in the game in the mercantile sector. Over 100 teams participated at last year's tournament and the Association hopes for an ever better response this year. A member of the Sri Lanka Volleyball Federation, this is the fourth successive year that MVA is holding the tournament since its revival in 2012 after a lapse of five years.
Sri Lanka is seeking cheaper funding sources to replace billions of dollars in debt from Chinese banks, government officials said, as the six-month-old government distances itself from Beijing weeks before a general election. The government is seeking to consolidate its power in the Aug. 17 vote after reformer Maithripala Sirisena was elected president in January. The pro-China leader he ousted - Mahinda Rajapaksa - is staging a comeback bid.
Sri Lanka’s number one branded Tea Company and member of diversified conglomerate Sunshine Holdings PLC, Watawala Tea Ceylon (WTC), has extended an opportunity for the students of the Academy of Design (AOD) to enhance their creative skills by engaging them to develop a new packaging design solution for the company’s Zesta brand. Under this unique partnership, WTC intends to challenge and incentivise the young third year students of AOD to come up with innovative results and develop breakthrough pack design solutions for Zesta.
After the successful launch of the real estate magazine in other Lamudi countries such as Pakistan, the Philippines and Myanmar, global property portal Lamudi, has launched the first issue of its real estate magazine; Property Now in Sri Lanka.
The quarterly magazine consists of the latest real estate market report, trends in the real estate industry, home tips, current developments, changes in the digital market and other pertinent topics.
Saturday, July 11, 2015, proved to be all about family fun as Sri Lanka's Lifestyle radio station E FM treated 15 lucky families to a full day of fun activities at “The Sands” in Kalutara, a popular Aitken Spence hotel.
Laknath Peiris, a London-based Sri Lankan artist recently showcased his latest collection of work at Leo Burnett Solutions Inc. Sri Lanka. The exhibition held under the theme ‘Cityscapes – Bustling Colombo’ featured a mix of abstract paintings that depict the diversity and vibrancy of city life. Having exhibited his work in leading galleries around the world, this exhibition was his first in Colombo and is a celebration of where his love for art first stemmed from.
Huawei, the world's fastest growing smartphone announced the launch of two new affordable-range smartphones this month in Sri Lanka. Furthermore the announcement goes on to say that through this introduction Huawei expects to cater to all smartphone market segments including the entry-range, mid-range and high-range in Sri Lanka. The Huawei Y3 is priced at LKR 9,499 and the Huawei Y5 is priced at LKR 11,999 respectively.
Hitachi Data Systems Corporation (HDS), a wholly owned subsidiary of Hitachi, Ltd. (TSE: 6501), unveiled the next phase of its Social Innovation business strategy in conjunction with new solutions and services, which include Hitachi Live Insight for IT Operations, Hitachi Clinical Repository for connected health, and Hitachi Live Insight Center of Excellence.
Ceylinco General Insurance announced that it has partnered with the Sri Lanka Postal Service to offer third party insurance policies to customers through the country’s postal network. In a bid to create ease of access for customers, the third party insurance policies will be available from over 4,610 post offices and sub post offices around the island, as well as through over 8,000 postmen.
BBDO Worldwide affiliate BBDO India, Mumbai won the Grand Prix in the inaugural Glass Lion category at the Cannes Lions International Festival of Creativity 2015 held in Cannes, France recently for its ‘Touch the Pickle’ campaign for sanitary protection brand Whisper. BBDO agencies also took home 2 of the 7 other Glass Lions awarded: Impact BBDO, Dubai, UAE for ‘Give Mom Back Her Name’ for UN Women and BBDO India, Mumbai for ‘Share the Load’ for Ariel Matic laundry detergent.
The 10th Gunner Supercross, which was held at the Minneriya Artillery Complex, concluded on the 5th of July with a resounding success. Over 20,000 viewers from across the country arrived to witness this much sought after motor racing event. This was the 6th consecutive year that Fully Loaded Exide partnered the Gunner Supercross. It sponsors renowned racing car drivers and riders in the calibre of Aravinda Premadasa and the likes, who have put up exceptional performances right throughout, adding value to the brand. This year too they bagged an impressive list of awards.
ABC Trade & Investments (Pvt.) Ltd., one of Sri Lanka’s leading ICT companies, has been appointed as the Authorized Distributor in Sri Lanka for Maxell Consumer Batteries, one of the world’s leading battery brands. With this appointment, ABC Trade & Investments will commence marketing a range of Maxell products which are all easily identified due to the unique ABC Trade & Investments hologram.
Metropolitan Telecom Services (Pvt) Ltd, the authorized importer and distributor for Acer recently launched the all new Acer Liquid Z410 Smartphone in Sri Lanka. The new Acer Liquid Z410 Smartphone is a small yet versatile phone with LTE connectivity, quad core processor, dual cameras, and prolonged battery life. With the Liquid Z410, Acer makes speed and power available to all. Featuring an ultra-performing 64-bit quad-core processor, and supporting LTE connectivity for fast browsing, streaming and downloading almost anywhere in the world, this smartphone enables fast task management and clear calls at all times.
Singer (Sri Lanka) PLC recently announced changes to its key managers following the retirement of Premalal de Silva with effect from 30th June 2015 and, the appointment of Chandana Samarasinghe as Director - Operations with effect from 1st July 2015.