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Seylan Bank trains Omani staff of Asia Express Exchange
27-August-2014

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.

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A weekend getaway to Singapore at an unbeatable price!
26-August-2014

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!

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Win washing machines in 'Sunquick Drink & Win' promotion
26-August-2014

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.

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Huawei Ascend P7 Awarded 'European Consumer Smartphone 2014 – 2015'
26-August-2014

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.

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eVolve Technologies, F-Secure security devices agent
26-August-2014

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.

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Sri Lanka stocks slip from 3-year high on profit-taking
25-August-2014 Reuters

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.

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Amãna Bank Savings Plan – a guide to disciplined savings
25-August-2014

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.

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Unilever Sri Lanka ranked the Fourth Most Respected Entity in Sri Lanka
22-August-2014

Unilever Sri Lanka Limited was ranked as Lanka Monthly Digest’s 4thmost respected business entity in Sri Lanka for 2014, emerging in the top ten for the 8thconsecutive year. Unilever was the highest ranked multinational company in this survey, affirming its strength as a global giant with deep local roots.

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Hayleys Agriculture cultivates seaweed in the Mannar Basin
22-August-2014

Hayleys Agriculture Holdings Limited – the agribusinessarm of the Hayleys Group - commenced operations of its dry seaweed project in the Mannar Sea Basin recently. This project, implemented in the North Western coastal area of Sri Lanka, assists local fishing families to naturally cultivate a specific type of seaweed that has a growing global demand, especially in the food industry.

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Sri Lanka stocks hit 3-year high; speculative trading raises concerns
22-August-2014 Reuters

Sri Lanka stocks edged up for the fifth straight session on Friday to hit a three-year high, led by large cap Ceylon Tobacco Co Plc, while block deals in market heavyweight John Keells Holdings Plc boosted the turnover. Analysts said investors' sentiment was boosted by the low interest rates, but increasing speculative trading in fundamentally weak shares could dent the healthy growth the index has seen this year.

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Amãna Takaful sustains profits, mid- year revenue up 4%
22-August-2014

Amãna Takaful PLC ended the first half of 2014 with a moderate GWP growth of 4%, on par with the overall industry. The company’s profit after tax (PAT) of Rs 26.13 million for the first six months was flat compared to the first half of 2013. These results are posted in the context of a very challenging business environment and relatively high claims during the latter part of the second quarter.

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11 year Aaron to ride for EZY Racing in Asia Cup
22-August-2014

Just a week after creating history by becoming Sri Lanka's first ever motor racing team to carry the National Flag in the Asia Pacific's leading motor racing event, EZY Racing achieved yet another milestone when their up and coming young rider Aaron Gunawardena was selected to represent Sri Lanka in the FIM Asia Cup Road Race in Japan.

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Colombo Stock Exchange Main Index (ASPI) crosses 7000 mark
21-August-2014

The Colombo Stock Exchange’s (CSE) All Share Price Index (ASPI) crossed the 7000 mark today (21) closing at 7,004.75 points. This is the first instance after 3 years the ASPI crossed 7000 points since closing on 7,030.85 points on August 18th, 2011. The CSE has crossed a number of performance milestones during 2014, with the ASPI and the S&P SL20 Index achieving 3 year highs. The Market also closed on a high turnover value on 19th of August, 2014 of Rs. 8.2 Billion, the highest since a turnover value of Rs. 15.7 Billion recorded on the 16th of March 2012.

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SriLankan Airlines’ FlySmiLes partners Abans
21-August-2014

FlySmiLes, the frequent flyer programme of SriLankan Airlines has entered into a partnership with Abans to offer its members exciting offers and benefits. With this partnership, FlySmiLes members will now have the opportunity to earn miles when shopping at any of the 400 Abans Showrooms island wide. Accordingly, FlySmiLes members will earn one FlySmiLes mile for every Rs. 100 on purchases made.

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External Sector Performance – June 2014
21-August-2014

The external sector strengthened further in June 2014, with a notable reduction in the trade deficit. Earnings from exports continued to improve, while expenditure on imports declined further mainly due to the reduction in oil imports. Inflows on account of workers’ remittances and earnings from tourism also increased during the month, contributing to a further reduction in the current account deficit. These developments together with continued inflows to the financial account resulted in a healthy surplus in the balance of payments (BOP) by end June 2014.

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Sri Lanka bourse edges up on banks; low interest rates
20-August-2014 Reuters

Sri Lankan stocks rose on Wednesday, hovering near three-year highs, led by bank and finance companies as low interest rates and earning hopes helped boost appetite for risky assets despite an overbought market. The main stock index ended up 0.27 percent, or 18.51 points, at 6,999.97, its highest close since Sept. 9, 2011. The index has gained 18.4 percent so far this year.

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Cutting Station celebrates expansion overseas and unveils 2014 campaign
20-August-2014

Colombo’s celebrated and premier hair and beauty destination ­ The Cutting Station ­ proudly unveiled its campaign at a soft launch parallely celebrating a strategic tie-up as Johann Peries joined Jeewantha Wijeratne to take the venture overseas.

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National Importance of CSR in the 21st Century
20-August-2014

In the recent decade the private sector has greatly increased the amount of resources allocated to activities classified as Corporate Social Responsibility (CSR). CSR, which is interchangeable for Corporate Citizenship, is linked to a company’s Triple Bottom Line Reporting and is used as a framework for measuring an organization’s performance against economic, social and environmental  parameters. As such, private sector companies are being called upon to take responsibility for the ways their operations impact societies and the natural environment.

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New landing gear for SriLankan A330 aircraft
20-August-2014

SriLankan Engineering, a pioneer MRO (Maintenance, Repair and Overhaul) service provider for regional carriers, has just completed the replacement of all three Landing gear assemblies of a yet another A330 Aircraft of the national carrier.  This marks the eighth occasion the complete gear assemblies were changed on wide body aircraft which commenced with the first change in 2010.

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Sri Lanka bourse edges up; heavy foreign outflows in Keells
19-August-2014 Reuters

Sri Lankan stocks edged up on Tuesday to near three-year highs, but the exit of a U.S. fund which sold shares of John Keells Holdings resulted in heavy outflows, though the sentiment was still positive due to lower interest rates. U.S.-based fund Janus' selling in Keells resulted in net foreign outflows of 4.52 billion rupees ($34.7 million) on Tuesday, the worst since March 25, 2010.

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Book Early and get great deals from Emirates starting from Rs 30,917
19-August-2014

Emirates, a global connector of people, places and cultures has unveiled a series of special fares to destinations in the Far East, the Middle East, Europe and the Americas for bookings made before 31st August 2014. Return fares to the Emirates Far East network start at Rs 30,917 inclusive of taxes and surcharges on Economy Class, and from Rs 101,631 on Business Class, the airline said.

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Sri Lanka's FDI jumps 51 pct y/y in first-half 2014
19-August-2014 Reuters

Foreign direct investment (FDI) inflows into Sri Lanka totaled $817 million in the first half of this year, 51 percent more than the inflow during the same period a year ago, a minister said on Tuesday. Sri Lanka has set a $2 billion FDI goal this year, though it failed to meet that target for two years in a row.

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BRIAN AND KAMIL DESIGN FOR BEAUTYQUEENS
19-August-2014

"From the time I showcased at the Runway 2014, people who had all thought of me as being a choreographer, saw me in a different light. The Franchise Director Sri Lanka for Miss Universe being one of them", said Brian Kerkoven. Brian who designed the stunning gown worn by Marianne Page, who will represent Sri Lanka at the Miss Universe pageant was inundated with compliments over his stunning gown, as was Kamil Hewawitarana, who designed the gown worn by Tamara Makalande who will represent Sri Lanka at the Miss International pageant.

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Go Green with Multi Finance’s hybrid car promotion
19-August-2014

“Hybrid” has become a commonly used word in today's content, when related to auto industry. Specially for countries like Sri Lanka with the growing congestion and rising fuel cost due to insufficient public transport systems, Auto Mobile Industry’s research and development in is in continues search for faster, lighter, economical and lower emission vehicles. Hybrid technology has given the solution for a cost effective transportation.

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Lankan Angel Network signsMoU with Yarl IT Hub
19-August-2014

Furthering the cause of innovation in Sri Lanka, local angel community Lankan Angel Network has signed a Memorandum of Understanding (MOU) with the Yarl IT Hub, a community dedicated to elevating Jaffna into a Silicon Valley type centre. In collaboration with Yarl IT, the Lankan Angel Network will also establish a presence in Jaffna to enable easier access to funding and mentoring for Jaffna based start-ups.

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zMessenger expands further
19-August-2014

zMessenger (Pvt) Ltd., The undisputed market leader in mobile marketing and digital services, announced the inauguration of its new state-of-the-art three-story innovation center in Colombo. The advanced facility is home to a team of highly talented experienced professionals committed to developing and enhancing products and services that deliver more value to brands, telecom service providers and enterprises.

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“FACETS Sri Lanka 2014” bullish about international focus
18-August-2014

FACETS Sri Lanka 2014, the International Gem and Jewellery Show, that showcases hundreds of local and foreign exhibitors is optimistic about a better international audience this year, according to a representative from the organizing committee. Organized by the Sri Lanka Gem and Jewellery Association (SLGJA), this year’s event held for its 24th year, will open from 4th to 7th September at the Sirimavo Bandaranaike Memorial Exhibition Centre.

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Commercial Credit profits up 184% in Q1 2013/14
17-August-2014

Commercial Credit and Finance PLC recorded a profit after tax of Rs. 490 million for the quarter ended 30th June, up from Rs. 172 million posted during the same period in 2013, a growth of 184%. Net interest income rose 86% in the quarter from Rs. 886 million in 2013 to Rs. 1,652 million this year. The significant improvement in the results builds upon the Company achieving a record Rs. 1 billion in profits for the first time in its history during the financial year ended 31 March 2014.

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Sri Lanka stocks slip from near 3-year high on profit-taking
15-August-2014 Reuters

Sri Lankan stocks fell on Friday to end an eight-session winning streak as investors took profits in shares of large-caps, while foreigners also sold in an overbought market. The main stock index finished lower 0.42 percent, or 29.24 points, at 6,943.85, edging down from its highest close in nearly three years hit on Thursday. The index has gained 17.4 percent so far this year.

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Sri Lanka stocks gain for eighth straight session; turnover doubles
14-August-2014 Reuters

Sri Lankan  stocks  broke through the key psychological barrier of 7,000 points on Thursday to end near a three-year closing high as declining interest rates drove investors into risky assets and foreign inflows helped boost sentiment. The main stock index, which hit 7,018.72 during intra-day trade, ended up 0.27 percent, or 18.95 points firmer at 6,973.09, its highest close since Sept. 9, 2011.

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CPA Australia approves CA Sri Lanka’s BSc. Applied Accounting Degree
27-August-2014

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.

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Hameedia Hosts Opening Event for the International Film Festival of Colombo
26-August-2014

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.

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Mobitel Cash Bonanza winners receive cash prizes worth a staggering Rs. 75 million in the past six months
26-August-2014

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.

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INSPIRO UNEVILED ITS WEBSITE, LOGO AND INTRODUCE ITS LECTURE PANEL
26-August-2014

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.

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MAS Institute of Management and Technology to sponsor 35th National Conference of Chartered Accountants with gold sponsorship
26-August-2014

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.

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Central Bank enters into an Investment Agreement with People’s Bank of China
25-August-2014

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.

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Hayleys Agriculture continues to dominate National Agribusiness Awards
25-August-2014

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.

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Softlogic Finance AAA Debenture draws Rs 4 Billion
22-August-2014

Softlogic Finance PLC is pleased to announce that its AAA rated Debenture received subscriptions of over Rs 4Billion on the opening day of its Issue of Rs 1.4Billion, and the issue was closed on the same day. The instrument that has been rated AAA by Ram Ratings (Lanka) Ltd, offered 14,000,000- redeemable, guaranteed debentures to the public at a face value of Rs 100- each and had received approval from the Colombo Stock Exchange. The issue opened for subscription on 21st of August 2014, and saw substantial innterest from an entire spectrum of Investors that included Banks, Insurance Companies, Institutional Investors and Retail Investors.

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Fun musical fundraiser for Embark special needs dogs at Odel on August 30
22-August-2014

The Ward Place car park of Odel will come alive with the sounds of alternate rock performances by five Sri Lankan acoustic acts on Saturday 30th August, at a unique fundraiser to help special needs dogs being cared for by Embark. Organised by a group of ‘pashionable’ young volunteers of Embark, ‘A Hand to Help a Paw’ is the first fundraiser of its kind, and will feature Magic Box Mixup, Sam, Rav David, CC and Minoli, at a fun-filled evening of cool music from 3pm to 6pm. Tickets, available Odel Alexandra Place, are priced at Rs. 500 per head.

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"Biofilm" Biofertilizer empowers First ever - International Agriculture Research Symposium in SL
22-August-2014

The inaugural International Research Symposium covering areas related to local and international agricultural industries was held recently in Colombo with the participation of delegates from many Asian countries. The symposium was strengthened by its principal sponsor ‘Biofilm Biofertilizer’, an environmentally friendly 100% natural product which is being introduced to the world as a first, from Sri Lanka. Biofilm is manufactured with locally sourced natural ingredients within Sri Lanka and is free from any chemicals including heavy metals.

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A SMALL COMMUNITY OF 1600 VILLAGERS AT KALLARU, KILINOCHCHI LEAD THE CHARGE ON WATER CONSERVATION
22-August-2014

The symbolic inauguration of 125 rainwater harvesting structures in the drought stricken Kallaru village in Kilinochchi, could probably end up being a landmark project in these northern parts of Sri Lanka. Fluctuating rainfalls, over dependence on rains for water availability, rise of water borne diseases which result from the lack of access to safe drinking water, could be a thing of the past.

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CA Sri Lanka Staff Welfare Society makes financial donation to the Maharagama Cancer Hospital
22-August-2014

The Staff Welfare Society of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently made a financial donation to the Maharagama Cancer Hospital which was generated from the proceeds of the Rhythm of the 70s Musical Show organised by the Staff Welfare Society. The cheque was handed over to Dr. Samadhi Rajapaksa, Head of the Counselling Unit of the Maharagama Cancer Hospital and President of the Cancer Care Association by Mr. Aruna Alwis, the Chief Executive Officer of CA Sri Lanka.

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Amãna Bank once again extends support to SEF Scholarship Program
22-August-2014

Amãna Bank made a generous contribution for the second consecutive year to the Serendib Educational Foundation (SEF) in providing financial assistance and scholarships to deserving students who are capable of pursuing their studies but are unable to do so due to financial constraints.SEF provided scholarships for more than 300 needy and talented students at a ceremony held recently. The eligible students were selected from all over the island following a thorough evaluation process.

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Historic Lanka-Vietnam trade link established in Hanoi
22-August-2014

The first ever Sri Lanka Vietnam official trade mechanism went live in Hanoi on 21 August. And the new mechanism, according to the Vietnamese side, is the practical way for bigger trade cooperation in the form of an Agreement. “Today’s new beginning will open many new opportunities for both countries. I am   fully convinced that setting up of a Joint Working Group (JWG) or Joint Trade Sub Committee, would lay a concrete foundation to enhance the existing bilateral trade and economic relations  new heights. My Ministry would closely monitor the progress” said a keen Rishad Bathiudeen (Minister of Industry and Commerce of Sri Lanka) at the Head Quarters of Ministry of Industry and Trade of Vietnam, Hanoi on 21 August.

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International boost for CA Sri Lanka’s Degree in Applied Accounting as it attracts foreign students
22-August-2014

The BSc. Degree in Applied Accounting offered by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has received a fresh boost after it attracted an impressive number of students from Oman this month. The degree programme recognized by the University of Grants Commission was chosen as the ‘most relevant’ degree programme by a leading multinational Omani Oil and Gas company which enrolled several of its employees attached to its company with the BSc. Degree in Applied Accounting. The Head of Training & Operational Compliance of the multinational company who recently undertook a visit to CA Sri Lanka attributed her company’s decision to register the Omani students due to the degree possessing some vital elements including a ‘very relevant’ syllabus as well as the exceptional infrastructure facilities available at CA Sri Lanka for the benefit of the students following the degree programme.

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From wingtip to cockpit - 800 workers in 80 days
21-August-2014

It takes 800 workers just 65 to 80 days to assemble, install, test, paint, furnish and deliver an Emirates Airbus A380, the iconic double-decker aircraft that has been creating headlines and delighting travellers since it first entered into service in 2008. Click here to watch a time lapse video on the making of Emirates’ 50th A380 aircraft which was delivered last month.

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Wild Elephant Powers ‘Harley Davidson Street Thunder Sri Lanka’ Yet Again
21-August-2014

Riders from the Harley Owners Group (H. O. G.) Dubai chapter, Harley-Davidson’s official riding club in Dubai,roared along some of the country’s most iconic roads as part of their second tour of our paradise isle recently.

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Lanka Ratings Agency powers CA Sri Lanka’s golden jubilee Annual Report Awards
21-August-2014

The golden jubilee anniversary of the Annual Report Awards competition organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) received renewed support for a third year straight from Lanka Ratings Agency Limited (LRA). LRA, formerly known as RAM Ratings (Lanka) Limited will be the event sponsor once again at this year’s Annual Report Awards which rewards excellence in annual reporting.

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Holcim (Lanka) adjudged first runner up for the ‘Product Award’ at the ‘Kedella’ Exhibition 2014
21-August-2014

Holcim (Lanka), diamond sponsor of the Kedella 2014 exhibition was adjudged as the first runner up for the ‘Product Award’. Showcasing the most innovative and attractive stall at the recently held Exhibition at BMICH, Ms. Gayani Perera, Manager Marketing of Holcim (Lanka) was presented the award by organizers to the event Manager - Marketing, Dhanushka Sharmal of CEC Events (Pvt) Ltd.

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Lanka Hospitals PLC partners People’s Bank for the launch of ‘People's Nirogi’
20-August-2014

Lanka Hospitals PLC partnered with People’s Bank for the launching of ‘People's Nirogi’, a unique healthcare plan that offers exclusive benefits for a variety of services ranging upto discounts of 25% to provide an all-in-one healthcare solution for the over 13 million People’s Bank customer base.

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Mihin Lanka - Official Airline for Harley Davidson Street Thunder Bikers from Dubai
20-August-2014

Mihin Lanka, Sri Lanka's national low-cost carrier was the official airline partner for the ‘Harley Davidson Street Thunder 2014’ tour which took place recently in Sri Lanka.– The tour comprised an eight-day journey conducted by Harley Davidson bikers from the U.A.E. The bikers rode across the entire island and travelled a distance spanning over 1600 km, taking in the diverse sights and sounds of the island’s coast, ancient sites and hill capital. 

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Mohan Pandithage, Chairman, Hayleys Group recognised by CASA
20-August-2014

Hon. Prof G.L. Peiris,  Minister of External Affairs presents a token of appreciation to Mr. Mohan Pandithage, Chairman, Hayleys Group in appreciation of over 40 years of service at the 48th Annual General Meeting of the Ceylon Association of Ships’ Agents held recently. Capt. Ajith Peiris, Chairman CASA and Mr. Dhammika Walgampaya, Secretary General, CASA look on.

SriLankan and PIM join hands to empower the national carrier’s future leaders
19-August-2014

SriLankan Airlines, together with Postgraduate Institute of Management held a special two-day management, leadership knowledge and skills development programme for the managers of the national carrier who are identified for their potential to shoulder expanded job responsibilities and higher managerial positions in the organization.

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Commercial Bank partners with DIMO to offer special leasing packages
19-August-2014

The Commercial Bank of Ceylon has once again partnered with Diesel and Motor Engineering PLC (DIMO) to offer attractive leasing options for TATA commercial vehicles in a sixth month promotion commencing August 2014. Under the agreement, DIMO will provide substantial discounts to Commercial Bank customers to lease TATA vehicles. The Bank will provide low interest rates and monthly rentals for leasing facilities. The vehicles covered under the special scheme include TATA trucks and buses.

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Glitz Cric Quiz 2014 - A Resounding Success!
19-August-2014

The Glitz Cric Quiz 2014, Sri Lanka’s Biggest and Most Exciting Cricket related quiz competition was successfully worked off recently amidst a large gathering of die-hard Sri Lankan Cricket fans. Organised by Dashing Events in collaboration with CricHQ and Glitz, Cric Quiz is a one-of-a-kind annual quiz competition focusing exclusively on Cricket. This year’s competition saw 30 teams representing corporate and individual teams battling it out over 5 rounds of questions covering the different areas of Cricket including Test Cricket, One Day Internationals, Twenty 20 Cricket, History, Players, Umpires, Venues and more.

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Dinesh finishes 6th in Rally Malaysia for EZY Racing
19-August-2014

The Malaysian Leg of the Asia Pacific Rally Championship (APRC), considered to be the toughest rally in the 7 round championship, came to a colourful end amidst a vast crowd who had attended to watch the closing ceremony in the city of Johor Bahru, bordering Singapore.

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Pristine Solutions to host First SAP Business One & HANA Forum on New Technology for Businesses
19-August-2014

Pristine Solutions, the first and only SAP Business One channel partner in Sri Lanka, will host the upcoming SAP Business One & HANA forum for over 100 of its clients in Colombo on 21 August 2014, at the Hilton Colombo. The forum will offer a product roadmap of SAP Business One with HANA, which is an affordable and comprehensive ERP solution designed for medium to large sized enterprises.

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Yamaha’s benchmark CL5 digital mixing console arrives in Sri Lanka
19-August-2014

A Sri Lankan event management company has received the country’s first Yamaha CL5 digital mixing console, widely considered the ultimate in digital live sound integration. Imagine Entertainment, the company responsible for sound at some of the biggest live concerts, beauty pageants, fashion shows and product launches the country has witnessed to date, recently took delivery of this global benchmark in sonic purity from the Yamaha Music Centre, which has represented the Yamaha brand in Sri Lanka for 92 years.

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‘Puritas Sath Diyawara’ opens a Reverse Osmosis plant for CKD affected villages in the North Central Province
19-August-2014

Puritas (Pvt.) Ltd, a fully owned subsidiary of Haycarb PLC – a member of the Hayleys Group –  commissioned its Reverse Osmosis (RO) plant in D10 Maithreepura, Padaviya under their CSR project, ‘Puritas Sath Diyawara’ on August 15th. The RO plant will provide purified potable water to mitigate the spread of Chronic Kidney Disease (CKD) in the North Central Province, and uplift the socio-economic conditions of the people of the region.

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Mega boost to CA Sri Lanka’s 50th Annual Report Awards as Colombo Stock Exchange comes onboard as strategic partner
19-August-2014

The prestigious Annual Report Awards organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) received a tremendous boost recently with the Colombo Stock Exchange (CSE) coming onboard to power the event with a strategic partnership. This is the first time CSE is coming onboard as a strategic partner for the awards competition which will celebrate its 50th anniversary milestone this year. The competition is an important platform which promotes and recognizes organization’s for transparency and good governance in financial reporting.

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SriLankan Airlines bags ‘Best HR Strategy in line with Business Strategy Award’ at ‘Asia’s Best Employer Brand Award 2014’
18-August-2014

SriLankan Airlines, the national carrier of Sri Lanka, was awarded the prestigious ‘Best HR Strategy in line with Business Strategy’ award at the fifth edition of Asia’s Best Employer Brand Awards, recently.  Held at Pan Pacific Hotel, Marina Square in Singapore last week, the award ceremony was organized by the Employer Branding Institute together with the World HRD Congress and Stars of the Industry Group and was endorsed by the Asian Confederation of Businesses.

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ON14 Launches “High on Heels” Girls' Night Out every Tuesday, featuring DJ Missy Flame
16-August-2014

Colombo’s most exciting rooftop bar and lounge, ON14, is bringing together a fun-filled experience for ladies with some fabulous deals. Allowing guests to indulge in the finest midweek getaway between 8pm and 11pm with a special buy one get one free deal. So ladies, go high on heels on Tuesdays to enjoy a chic night out where sophisticated women can catch up with friends or network with like-minded ladies over cocktails.

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Mobil Lubricants partners Carmart
27-August-2014

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”.

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Kumar de Silva launches Corporate Etiquette Consultancy
26-August-2014

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.

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A “Fridge within a Fridge” – Samsung’s Innovative Food Showcase Refrigerator
26-August-2014

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.

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Emirates ‘bags’ its advertising
26-August-2014

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.

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Achievers rewarded at SriLankan Airlines’ Sports Council AGM
25-August-2014

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.

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High level ‘Nam push for Lanka investments
25-August-2014

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.

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Reunion of Sri Lankan liver transplant patients in Colombo
22-August-2014

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.

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Dell Supports Student Entrepreneurs through New University Programme
22-August-2014

Dell, Sri Lanka’s leading IT solutions provider, recently launched a unique programme to inspire and support young Sri Lankan entrepreneurs. The Dell Power Pitch programme caters to university students and aims to develop a new breed of student entrepreneurs that will help drive economic development.

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Intel ISEF finalist Yasith Lokuge wins mBillionth award in India
22-August-2014

Yasith Kanchana Lokuge who represented Sri Lanka at the Intel International Science and Engineering Fair (Intel ISEF) has won the ‘Best m-Education & Learning’ award at the mBillionth Awards South Asia 2014 at the Indian Habitat Center in New Delhi, India.

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UB Finance launch EASY Draft
22-August-2014

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Asia Leisure announces plans for 100 room luxury hotel in Galle with an investment of Rs. 1.8 billion
22-August-2014

Asia Leisure, a fully owned subsidiary of Asia Capital PLC (ACAP) announced the construction of a 100 room luxury resort in Galle, which is expected to be the largest hotel property in the southern coastal town. Asia Leisure currently owns and manages four globally acclaimed luxury boutique hotels in the south – Shinagawa Beach, Tamarind Hill, The River House and Taprobana (opening in 3 weeks). Asia Leisure at present has a 70 room inventory and the new property will more than double its inventory to 170 keys.

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Commercial Bank upgrades Corporate Online Banking
22-August-2014

Corporate customers of Commercial Bank’s Online Banking service, now enjoy several new benefits with the latest release offered via www.combank.lk. Thisincludesthe latest security enhancements for the benefit of the Bank’scorporate customers such as two layer login;secure image upload where a user canupload a favorite image in to the Online Banking portal so that it would be displayed when signing on,facilitating verification of the site prior to enteringapassword; and a virtual key board that gives the user the option to use an on screen key board to avoid stealing of passwords.

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CLOSEUP FASHIONISTA – A NEVER BEFORE OPPORTUNITY TO WIN RS 400,000 WORTH OF CLOTHES BETWEEN 16 WINNERS
22-August-2014

Closeup, the toothpaste you choose when you want to get up close and personal, has introduced a one of a kind consumer promotion, the first to give away  an unbelievable shopping spree in partnership with Sri Lanka’s Largest Fashion Retailer – NOLIMIT. Closeup Fashionista will give 16 lucky young girls or boys the opportunity of a lifetime, to win clothes to the value of Rs 25,000 in the ultimate shopping run.

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Sri Lanka bourse ends at 3-yr high on financials amid speculative trading
21-August-2014 Reuters

Sri Lanka stocks hovered around three-year highs on Thursday, led by financials due to lower interest rates, but analysts said increasing speculative trading in fundamentally weak shares could impede the healthy growth the index has had this year. The main stock index ended up 0.07 percent, or 4.78 points, at 7,004.75, its highest close since Aug. 18, 2011. The index has gained 18.4 percent so far this year.

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UTE Leaps into the Future - launches “Cat Connect” Worksite Control Solution at Construct 2014
21-August-2014

United Tractor and Equipment (UTE) unveiled two new products and a series of innovative solutions aimed at improving efficiency in the Construction Sector at Construct 2014, recently held at the BMICH. UTE was the Main Sponsor of the event for the 6th consecutive year.

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Emirates SkyCargo to launch freighter service to Basel
21-August-2014

Emirates SkyCargo, the freight division of Emirates, is set to further strengthen trade lanes between Switzerland and its worldwide network with the introduction of a weekly freighter service from Basel to Dubai starting 21st September 2014.

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People’s Leasing  Ampara Branch spearheads relief for the drought hit at Damana Area in Ampara District
21-August-2014

In response to a request made by the Ampara District Secretariat, Ampara branch of People’s Leasing & Finance PLC spearheaded a drinking water distribution initiative.  In partnership with the National Water Supply & Drainage Board, water is being distributed in a bowser with a carrying capacity of 14,000 liters, among drought affected families in Damana area where over 4,800 families are severely affected by water crisis. The initiative was started on 8th August 2014 and continued on daily basis benefitting the families who reside in the interiors of above villages.

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Vehicle Leasing at its Lowest Interest Rate from Sampath Bank
20-August-2014

Sampath Bank one of the nation’s premier private commercial bank has now introduced the country’s lowest ever Vehicle leasing interest rate of 12% per annum under “Sampath Leasing Wasi Thun Mase” promotional period, during months of June, July & August.

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Central Bank continues Communication Programme in the USA
20-August-2014

The Central Bank launched a robust Communication Programme in the USA with the engagement of the Thompson Advisory Group LLC (TAG), from March 2013 to  June  2014, and  the  subsequent engagement of  the  Liberty International Group LLC from August 2014 onwards. The Communication Programme has been fashioned to create and maintain a conducive political and economic environment in the USA to enhance Sri Lanka’s long-term political and economic aspirations, and to develop a comprehensive  information  platform  where  decision  makers  in  the  USA would receive clear and accurate information about conditions in Sri Lanka so that it would serve to attract a higher volume of private sector investments. The Communication Programme of the Central Bank has been devised in accordance with the Monetary Law Act’s mandatory objectives of realizing economic  and  price  stability  and  financial  system  stability,  as  well  as encouraging and promoting the development of productive resources of Sri Lanka.

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Amãna Takaful Matara Branch Relocated to a New Strategic Location
20-August-2014

Amãna Takaful PLC (ATPLC), the only fully-fledged Takaful operator and the flag bearer of the Takaful way of insurance in Sri Lanka recently relocated its Matara branch to a new strategic location. The new branch, located at No. 36/1 St. Thomas Mawatha, Matara was ceremoniously inaugurated by Mr. Ranjith Yasarathna, Deputy Mayor, Matara along with Mr. Fazal Ghaffoor, Chief Executive Officer, Amãna Takaful, in the presence of the company’s customers, staff, members of the local business community and well wishes.

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Amãna Bank offers the lowest five years Leasing rental this month
20-August-2014

Sri Lanka’s premier bank operating on Islamic banking principles, Amãna Bank now offers the market’s lowest five years Leasing (Ijara) rental of Rs 2,131/=(inclusive of VAT) per month for Rs. 100,000/- lease.

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365 days of ‘Ganu Denu’ with MasterCard
19-August-2014

Marking 25 years of enabling world-class, secure paymentsin Sri Lanka,MasterCard today launched ‘MasterCardGanu Denu’ for all MasterCard and Maestro cardholders in the country. The ‘Ganu Denu’ initiative looks to thank cardholders, and reward them, for transactions made through MasterCard.

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MTD Walkers PLC 1Q bottom line grows by an impressive 96%
19-August-2014

MTD Walkers PLC posted a net profit of Rs.370 million recording an impressive growth of 96% for the 1st quarter FY 2014/2015 when compared to the 1st quarter of the previous financial year. The Group Revenue for the period grew by 76% to Rs. 3.3 billion. Due to the drop in the market lending rates and the introduction of an effective financial management policy, the group was able to reduce its finance cost by 4.7% for 1Q when compared with the previous year, whilst the earnings per share for the 3 months ended June 2014 was Rs. 2.46.

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Samsung Electronics has extended its presence to the Maldives by partnering with HIKE and the only LTE Network Provider Ooredoo
19-August-2014

Samsung Electronics Co. Ltd recently announced its partnership with HIKE which will now operate as a national distributor of Samsung products in the Maldives. Samsung and HIKE will also partner with telecommunications specialist,Ooredoo which will now act as the official network operator for all Samsung products distributed throughout the country. The partnership was announced at an official ceremony in the Maldives, attended by senior management and staff from Samsung, HIKE and Ooredoo. Ooredoo is the only network provider in the Maldives with 4G LTE coverage and will provide Samsung consumers with the fastest and best internet experience available.

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Janashakthi Wins Three Top Regional Awards For Marketing Excellence, Branding and Sustainability
19-August-2014

Janashakthi Insurance garnered yet another clutch of awards for marketing excellence, picking up three trophies at the prestigious Global Awards for Brand Excellence and the   5th CMO Asia Awards held back to back at the Pan Pacific Hotel Singapore recently. The Global Awards for Brand Excellence, facilitated by the World Brand Congress, is touted as the single largest rendezvous of the best brains behind some of the world's most sought after brands.

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Commercial Bank CSR Trust helps drought victims
19-August-2014

The CSR Trust of the Commercial Bank of Ceylon has donated a large number of 1,000 litre water storage tanks to the people of Kaduruwela, Ampara and Nikaweratiya and deployed 10,000 litre water bowsers for 15 days in the Mullaitivu District, in a project to help families survive the severe drought affecting these areas.

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National Craft Council and Colombo Fashion Week present ‘CRAFTALIVE’
19-August-2014

In a continuous effort to develop fashion designers who bringdesign innovations to crafts, NCC in partnership with CFW recently announced the unique ‘CRAFTALIVE’ initiative. NCC and CFW will host their first ‘CRAFTALIVE’ show on 28 August against the backdrop of Independence Square. In just over a decade, Colombo Fashion Week (CFW) has established itself as the backbone of the local fashion design industry and is collaborating with NCC to further promote crafts and fashion in Sri Lanka.

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10th Asian Boys’ Volleyball Championship 2014 –Sri Lanka
19-August-2014

The 10th Asian Boys’ Volleyball Championship 2014 which was awarded to Sri Lanka under the auspices of the Asian Continental Volleyball Federation, will commence on the 5th September and continue till 14th September at the Sugathadasa Indoor Stadium. Sri Lanka Volleyball Federation has made the relevant arrangements to ensure the successful roll out of the tournament.A line up of 15 countries including Sri Lanka will participate in this Championship.

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Hameedia wins Silver at NASCO Awards
18-August-2014

Sri Lanka’s leading menswear specialist Hameedia produced a national winner in the Fashion and Clothing category at the recent NASCO Awards. The Silver award in the Fashion and Clothing category was won by M. H. M. Asker, a Territory Manager at Hameedia Stores,Negombo.Fouzul Hameed,Managing Director, Hameedia said, “It was encouraging to see a member of the Hameedia team being recognized for excellent service.

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NIWADUWATA TRAVELL EKAK passes 100 episodes
16-August-2014

Vacation is the time to let loose, kick off your shoes and unleash your inhibitions. It’s true that traveling is expensive. The hotel accommodation, the transportation, the food, the sightseeing-it can add up pretty quickly, bleeding your bank account of months of dedicated savings. But in Sri Lanka it used to be difficult to find a vacation destination that would please the entire family. These days, family friendly resorts provide multitude of options in order travelers to entertain their tots, relax with their spouses and enjoy.

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