JAT Holdings was recently included on the Brands Finance Lanka top ten ‘Strongest Conglomerate Brands’ ranking. Coming in at number 9 and ranked alongside companies such as John Keels Holdings, Hayley’s and Aitken Spence, the recognition is JAT’s first on the ranking and comes on the heels of yet another highly successful corporate season.
More than 750 Sri Lankans resident in Bahrain were treated to a multifaceted entertainment show sponsored by Commercial Bank recently as part of its efforts to promote its remittance services in that country. The event included a 'Rataviru Star' programme and ‘Dream Star’ M. G. Dhanushka's musical programme.
Guardian Capital Partner’s recorded a profit of Rs. 184.2 Mn for the financial year 2014/2015, a substantial increase over the Rs. 15.5 Mn generated last financial year. The improvement was mainly driven by the profits realized on the divestments of holdings in two investments the company had. The NAV per share also increased to Rs. 25.41 from Rs. 22.56 during the financial year 2014/15.
Colombo’s fastest growing health food delivery, Eat Right recently added brand new healthy meal options for breakfast, lunch and dinner on their Lifestyle Menu, in order to cater to a discerning clientele. The already extensive lifestyle and weight loss menus have enabled many in the metropolis to lose 5-10% of their existing weight and live a healthier lifestyle.
Oracle, users and the development community worldwide are celebrating 20 years of Java. Today, Java serves as the critical backbone of software that touches both our work and personal lives. From innovations in enterprise big data, cloud, social, mobile and the Internet of Things, to connected cars, smartphones and video games, Java continues to help developers push the boundaries in technology innovation.
The all exciting Inter Agency Cricket Tournament, ‘CricAds’ concluded in high spirits this year with the Triad Team emerging victorious in an exciting finals against Media Factory at the Bloomfield grounds in Colombo. Pictured here are scenes from the event.
Commercial Credit and Finance PLC’s issue of 10 Million rated, subordinated, guaranteed, redeemable five-year Debentures at a par value of LKR 100/- each has been oversubscribed on opening day. Interest on the Debentures will be paid at a fixed rate of 10.50% per annum (AER 10.92%) on the Principal Sum quarterly each year. The Issue opened on Thursday 21 May 2015.
The Board of Directors of Kalpitiya Beach Resorts PLC wishes to clarify its position with regard to the allegations levelled by certain media.
Kalpitiya Beach Resorts PLC (KBR PLC) is a subsidiary of Citrus Leisure PLC, and is one of three ambitious resort ventures undertaken by the Group. Two of those projects, in Hikkaduwa and Waskaduwa were completed as scheduled and are now operational, resulting in the addition of 200 rooms to Sri Lanka’s tourism inventory. The proposed venture in Kalpitiya was held back due to the government’s proposed Kalpitiya Integrated Tourism Resort project replete with tourism infrastructure and attractions not being implemented to date.
Being awarded two Gold Awards at the National Business Excellence Awards 2014, Janashakthi Insurance looks forward to continue its journey of lighting the lamp of insurance in every home and work place. Responding positively to regulatory reforms, Janashakthi Insurance recorded a 13.4% growth in the first quarter, after setting up a new entity known as Janashakthi General Insurance Ltd. The new entity, which commenced operations on the 1st of January, 2015, handles the Non-Life Insurance business. The parent company Janashakthi Insurance PLC, will act as the holding company engaging in the Life Insurance business.
In the true ‘spirit of giving’ this Vesak season, mobile operator HUTCH offered a 100MB of free data on its 3G network to all its data loving Hutch subscribers, the first ‘data’ dansala of its kind in Sri Lanka!
The Hirdaramani Group’s IT arm, H One (Pvt) Limited, has plans to clear office desks of paper and make filing cabinets redundant, with their latest partnership with an innovative cloud-based software from leading US-based Software company, One Paper Lane.
The National Mobile Service Provider Mobitel has partnered with Abans PLC to provide customers the all new opportunity to deposit money, pay utility bills, insurance premiums and leasing payments via mCash, at all Abans showrooms islandwide. mCash will be available at all Abans showrooms for both Mobitel and non-Mobitel customers to provide everyone the opportunity to experience the best benefits offered through mCash.
A new state-of-the-art facility for the manufacture of motorcycle tyres for the local and international markets has been commissioned in Sri Lanka by CEAT Kelani Holdings, the company that manufactures half of the country’s tyre requirements. Set up within the CEAT Kelani complex at Kelaniya with an initial investment of Rs 95 million, the new plant will operate as Asian Tyres (Pvt) Ltd., a member of CEAT Kelani Holdings.
Headed by renowned personalities in media and marketing, SAPRO has grown into a full service advertising agency with expertise in all marketing disciplines. Driven by their vast experience, SAPRO goes beyond traditional advertising to effectively strategise media placement strategies that convert impactful creatives into winning campaigns.
On the heels of the successful launch of its Apple Watch app, Emirates has announced the debut of the Emirates App for Android, the world’s largest mobile platform. With more than one hundred thousand monthly users of its iPhone, iPad and Apple Watch apps, Emirates is ramping up its efforts to enhance its passengers’ travel experience through mobile technologies.
Kelsey Homes recently unveiled the model homes of its two billion rupee housing development, Templer’s Square. Potential buyers were able to view a variety of model homes as well as the common facilities within the complex, including the club house, gymnasium, swimming pool, restaurant, steam room, sauna room, kiddies play area and jogging track. The complex also offers 24 hour security with CCTV monitoring, to ensure the safety of all residents.
Work In Sri Lanka (WISL), a volunteer-led brain gain initiative that aims to position Sri Lanka as an attractive work destination, for highly skilled individuals and high caliber businesses, will hold its quarterly meet up in Colombo on Tuesday, 19th May at 6.30pm at Clique. This networking event is for people who have recently settled down in Sri Lanka or those who are thinking of settling down in the near future, after working abroad. It will be the perfect place for people to discuss the opportunities and challenges in Sri Lanka.
May 18 Sri Lankan rupee forwards were slightly weaker on Monday due to importer dollar demand, while the country's central bank prevented a sharp fall via moral suasion, dealers said. Actively-traded three-month forwards were at 136.05/10 per dollar at 0545 GMT compared to Friday's close of 135.95/136.00 after the central bank prevented two-month forwards trading below 135.20.
Renowned culinary expert Mallika Joseph has been running her home-science school since 1969 and is one of the country’s foremost experts in the culinary arts. A well-loved personality, who runs many tri-lingual programmes and works with over fifty companies and the Housewives Association, Mallika Joseph has earned her place amongst Sri Lanka’s greatest chefs and cookery professionals.
H.C. Hong, President and CEO of Samsung India Electronics Ltd. recently visited Sri Lanka to familiarize himself with Samsung’s operations across the island. H.C. Hong’s responsibilities include overseeing Samsung’s business in South West Asia, which includes India, Sri Lanka, Bangladesh and Nepal.
To facilitate open discussion on the critical issue of cost of production (CoP) of tea and affordability of estate sector wages, the Planters’ Association of Ceylon has shared the relevant calculations in a media statement.
Virtusa Corporatio (NASDAQGS: VRTU), a global business consulting and IT outsourcing company that combines innovation, technology leadership and industry solutions to transform the customer experience, announced it has been rated the most valuable IT export brand in the country by Brand Finance Lanka in its 12th edition of Brands Annual.
The leading smartphone brand Huawei, and Singer Sri Lanka PLC. the country’s number one brand and smartphone marketer and the exclusive national distributor for Huawei, recognized its top retail partners in the country at a gala function held at Waters Edge recently. Themed "You are the One", the inaugural retail partner awards was graced by Mr. Asoka Pieris - CEO Singer Sri Lanka PLC and Mr. Daniel Sun - CEO Huawei Sri Lanka. More than 250 Huawei dealers were recognized for their commitment and dedication bestowed towards the brand throughout its two and half years of operations in the country. From a retail partner network of over 1500. The 10 best performers were short listed on their sales performance, brand loyalty and partnership for brand expansion during the FY14.
Renowned property developer and hotel group; Shangri-La Hotels and Resorts is redefining the capital’s skyline and its living spaces with the most luxurious and exclusive residences in Colombo. The multinational luxury hotel group is bringing its expertise and flawless execution to One Galle Face, an upscale contemporary collaboration of Shangri-La Hotel, Residences, Office and Retail. One Galle Face is the perfect address for local and international communities to come together in an idyllic setting to celebrate the city’s unique spirit and style.
The Galle Face Hotel, having witnessed many wedding ceremonies in its hallowed halls over centuries, is now introducing a new wedding experience, giving emphasis to its deep-rooted vintage Ceylonese history. With years of experience in creating luxury wedding experiences from across the world, the hotel’s management team, namely Mr. Antony Paton – General Manager, has now included to the Galle Face Hotel wedding experience a Wedding Salon, an exceptional luxury wedding planning platform.
MasterCard Country Manager for Sri Lanka and Maldives, Mr. R. B. Santosh Kumar recently met up with the Secretary General of the Joint Apparel Association Forum (JAAF), Mr. Tuli Cooray and discussed the Ransalu Pranama worker welfare program. Mr. Jumar Preena, Chief Executive Officer of CH17, the initiative’s owner and implementer agency was also present at the meeting.
Hayleys PLC closed its financial year ending March 2014/15 on a high, consolidating the growth momentum generated over past years. In its filing to the Colombo Stock Exchange, the group reported a 32 percent increase in Profit After Tax (PAT), to close the year with Rs. 4.9 billion. Sector wise contribution was led by the Hand Protection Sector, showing strong recovery from a challenging period, supported by investments in new production facilities and expansions. The Hand Protection sector will add additional capacity to its recently commissioned household glove factory in the Biyagama Zone and will also see a new industrial glove manufacturing facility commencing operations in the new financial year in keeping with the continued growth.
Leading real estate giant, the Blue Mountain Group, recently received global recognition and made history for Sri Lanka at the prestigious Asia Pacific Property Awards Summit (APPAS) which took place in Kuala Lumpur, Malaysia. Blue Mountain was awarded the highly coveted 5-Star Award in the ‘Property Consultancy Marketing’ category for its innovative take on the concept of gated community living. At the event, Blue Mountain was also the first Sri Lankan real estate company to achieve a nomination for the International Property Awards which will be held in December 2015.
The visiting Rt. Hon. the Lord Mayor of the City of London, Alderman Alan Yarrow recently declared that Sri Lankan companies have played a crucial but unseen role in the development of the financial services in United Kingdom. Citing reasons for his disclosure, Alan Yarrow said, “Sri Lankan companies play a pivotal and unseen role to the development of the UK Financial Services. Take for example MillenniumIT, which provides the software on which the London Stock Exchange operates on.”
The importance of fine paper as a definition of luxury even in the age of digital communication was the theme of a recent seminar in Colombo by Arjowiggins Creative Papers, the owner of the global heritage paper brand Conqueror. Hosted by Papyrus Papers, the local distributor for Conqueror, the ‘Papyrus Design-in-form’ seminar was attended by more than 75 representatives of the design and advertising community, the corporate sector and students of design.
Healthy eating is becoming a growing trend in Sri Lanka and this commitment is a great start towards a healthier life, including more vegetables, whole grains and good fats in our diet. Once found rarely available around the country, organic food is now a regular feature at novel concepts such as The Good Market with some supermarkets also stocking these produce.
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has consistently demonstrated exceptional standing as a leading tertiary education provider in the country, offering the best of world class qualifications for the benefit of the country’s student and professional populations. In its continuing efforts to offer the best of local and foreign qualifications, CA Sri Lanka launched a specialized BSc. Degree in Applied Accounting, which has been approved by the University Grants Commission. The degree programme comes with a series of exemption schemes for the benefit of members of professional bodies, including exemptions for members of the Association of Accounting Technicians of Sri Lanka (AAT).
Power Solution South Asia Pvt. Ltd and Grupel of Portugal recently signed a Memorandum of Understanding (MOU), where Grupel appointed Power Solutions South Asia Pvt. Ltd as the authorized dealer for their generator brand GRUPEL. This was signed in Portugal by Mr. Janaka Nandakumara, Managing Director, Power Solution South Asia Pvt. Ltd and Mr. Marco Santos of Grupel, Portugal. Under this agreement, Power Solution South Asia Pvt. Ltd becomes the local Sole Authorized Distributor for GRUPEL’s GENSETS, Engine - Perkins and Alternator - Stamford (a product from Portugal). The press briefing of the above was held at The Grand Monarch, Thalawathugoda, recently.
Huawei, the number two smartphone brand in Sri Lanka, together with Singer Sri Lanka, the country’s number one brand and smartphone marketer and the exclusive national distributor for Huawei, unveiled three new latest Huawei Honor range smartphones at a launch ceremony held at Waters Edge.
Promo Lanka Marketing (PLM) and EuroKitchens Trading & Contracting (EKTC), the purveyors of a range of cutting edge solutions including the very best in products, services and resources for the hospitality industry, has once again taken on the role of Gold Sponsor for the Hotel Show 2015. Debuing a new concept in client interactions at a forum such as the Hotel Show, the Promo Lanka stall will focus on a solutions provider concept rather than simply showcasing products.
Nawaloka Hospitals recently launched Sri Lanka’s first dedicated Palliative care unit in the private sector to offer exceptional patient and family-centered care. The World Health Organization defines Palliative care as improving the quality of life of patients and their families through the prevention and relief of suffering. This is done through early identification, impeccable assessment and treatment of pain – be it physical, psychosocial or spiritual.
DFCC Vardhana Bank PLC (DVB) recorded an impressive profit after tax of Rs.336.30 million for the first quarter of the financial year of 2015,a 506.46% increase over the same period of the previous year. The bank’s net interest income was recorded at Rs. 977 million, a 38.27% growth over the first quarter of the previous year. The bank’s total operating income was Rs. 1.38 billion, a 43.54% increase over the first quarter of 2014.
DHL Express, the world’s leading international express services and logistics company, announced that Sri Lankan school boy Under 14 rugby player Harsha Samarasinghe received an opportunity of a lifetime to deliver a match ball at a Rugby World Cup 2015 (RWC 2015) game. He will be the official Match Ball delivery boy for the scheduled RWC game on 6 October to be held at Leicester. He won this honor through the DHL Match Ball Delivery Program contest, after an online and SMS voting campaign.
The European Union (EU) together with the United Nations Development Programme (UNDP) recently inaugurated a Youth Leadership Development Programme (YLDP) in the Vavuniya, Batticaloa and Mannar districts, where over 250 youth will commence a three-month long course conducted by the University of Jaffna (UoJ). The Vavuniya Campus and the Eastern University have joined hands with the UoJ to implement the course in their respective districts. The course will be later be replicated in four other districts.
Pearson recently conducted a workshop for 50 Maldivian students who visited Sri Lanka as a part of their annual study tour programme. These students who follow Business Studies at CHSE Maldives received tips on effective exam techniques. In addition, the students received information on Pearson Edexcel's suite of qualifications, including examination methodologies and progression opportunities. Veteran Corporate Trainer from HRMI Gihan Talgodapitiya was also present at the workshop to conduct a brief training session on leadership skills for these students.
The Sri Lankan multinational Haycarb PLC reported revenue of Rs. 11.9 billion, profit before tax of Rs. 1,070 million and profit after tax of Rs. 873 million for 2014/15. The earnings per share of equity holders of the company were Rs. 23.39 for the year.
Haycarb is the pioneer manufacturer of coconut shell activated carbon in any coconut producing country with manufacturing facilities in Sri Lanka, Thailand and Indonesia supported by marketing offices in the USA, UK and Australia. The company contributes net foreign exchange revenues with its value adding processes whilst remaining a leading and technologically superior manufacturer in its chosen segment.
President of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), Mr. Arjuna Herath recently underscored the importance of a more proactive role between CA Sri Lanka and the Department of Inland Revenue, which will result in the further strengthening of the country’s tax framework and an improved relationship between the tax payer and the department.
Continuing its rapid expansion drive, lotteries innovator Mahapolo Lotto has taken another giant leap forward in its growth, partnering with fellow innovator LAUGFS Supermarket outlets to deploy the tamperproof Mahapola Lotto ticket machines across all 35 LAUGFS of its store locations. As such, all LAUGFS Supermarkets will soon start carrying the entire range of Mahapolo Lotto products.
The Rt. Hon. the Lord Mayor of the City of London Alan Yarrow visited the Colombo Stock Exchange (CSE) and took part in the Market Opening Ceremony. Furthermore he also held discussions on the investment prospects of the Sri Lankan Capital Market and the potential for the growth of foreign direct investment under the new government.
The glamour and glitz of Dubai and the thrills and spills of the Leisure World theme park in Sri Lanka combined in separate but linked events to provide policyholders of Ceylinco Life with memorable experiences recently. While 40 people -- ten policyholders and the members of their families -- visited the emirate on an all-expenses-paid holiday, another 2,000 people from the families of 500 policyholders spent a fun-filled day at Leisure World as part of the 2015 edition of the life insurance leader’s ‘Family Savari’ promotion.
In line with the Group’s CSR programme ‘Outreach’, Expolanka Holdings’ CSR arm took charge of funding and executing, a spring water channel project to provide fresh pipe borne water to the indigenous community in Rathugala consisting of around 450 members. In consultation with Environment Authority, Water Board and the Madulla Divisional Secretariat, Expolanka used the fresh water spring ‘Peele Kandura’ situated 2 kilometers away from the Rathugala village to build the water supply system using the force of gravity to gain water pressure. Rathugala is home to one of the oldest clans of Sri Lanka’s indigenous heritage.
www.guru.lk -- the most popular online learning website in Sri Lanka, has expanded its ‘100 day self-improvement’ programme series with the addition of a new module ‘Think like your boss’ by Kishu Gomes, Managing Director/CEO of Chevron Lubricants Lanka PLC.
Targeted at aspiring career-minded professionals who want to excel in their work to climb the corporate ladder, the programme intends to share valuable tips which can be developed within the participants over a period of 100 days. It is currently available in Sinhala.
Berendina Development Services (BDS) donated two computers to the Salvation Army Children’s Homes in Rajagiriya and Dehiwala recently. Over 70 children ranging from ages 5-17 residing at these homes are expected to benefit through this donation. The official handing over ceremony was held at the Salvation Army Children’s Home in Rajagiriya recently.
Colombo Fashion Week (CFW) provides an innovative retail platform for Sri Lankan designers with CFW Designer Nights, an opportunity for designers to engage with buyers, and showcase and sell their latest collections at the CFW Designer Pod on 22 May 2015 at ODEL Alexandra Place, Colombo 7.
Reinforcing its status as one of the country’s fastest growing insurers, Asian Alliance Insurance PLC achieved a Gross Written Premium (GWP) of Rs. 867 million for Life, a 21% increase compared with the previous year, whilst consolidated Group premiums that included General Insurance were recorded at Rs. 1,317 million for the first quarter of the 2015 financial year. Profit after tax for the period was Rs. 251 million for the Company and Group profit was Rs. 200 million.
Singapore’s digital payment landscape is on the verge of a revolution with the launch of Kashmi (pronounced Cash-Me) – a mobile peer-to-peer payment platform developed by a team of Sri Lankans. The application enables users to transfer money on the spot and free of charge via smart phones and has already sparked interest from regional investors with DP World, a multi-billion dollar Middle Eastern organization already onboard as a shareholder.
Diva a brand of Hemas Manufacturing, which has transformed the lifestyles of its consumers, kicked off its exciting mega consumer promotion, Idame Vasanawa for the 5th consecutive year in Homagama, with a large group of people staging a mock protest demonstration demanding ‘a land.’
In another Sri Lankan first, Shree FM recently offered up a unique treat, creating the first-ever Siv Maha Dansala, four mini alms giving stalls rolled into one large one, for visitors at the festive Colombo Port Shree FM Vesak Kalapaya (Vesak Zone), located at the never-before-witnessed venue of the Colombo Port.
K. A. S. Subodha Sewwandi, 17, of Bomiriya Central College Kaduwela has won a prestigious award at this year’s Intel International Science and Engineering Fair(Intel ISEF), a program of Society for Science and the Public. Subodha received a Fourth Place Award of $500 in the Engineering Mechanics: Mechanical Engineering category for the project ‘Supporting Rod to Climb Stair Case for Disabled Personnel’. She was adjudged as one of the individual winners after showcasing her project in this year’s local competition ‘Sri Lanka Science and Engineering Fair.’
Lions Health, the global creative festival for the healthcare communications industry, will welcome a diverse array of creative talent to the stage this June.
Industry heavy-weights including McCann Health, Publicis Healthcare Communications Group, Hearst, Ogilvy and J. Walter Thompson will lead sessions offering groundbreaking ideas that challenge the status quo. From film makers and poets, to statisticians and improv-based comedians, Lions Health will deliver new ways to tackle the communications challenges facing the healthcare industry.
ikman.lk, Sri Lanka’s largest online market place, announced the launch of the site’s all new mobile application (app). The app has been designed to offer a high quality user experience and to facilitate direct access to the site once it has been downloaded free of charge from the Google Playstore.
People’s Leasing & Finance PLC with a view to taking its financial services to the door-steps of prospective customers and enhancing its customer service channels, launched a program to commission innovative 1000 Customer Touch Points (CTPs). The inaugural ceremony was held at the PLC Bandarawela branch with the participation Mr. D. P. Kumarage, CEO/GM
The Commercial 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, was recently extended to Hingurakgoda, the largest division in the Polonnaruwa District.
As the scheduled May 20th product launch draws near, the all-new OPPO R7 series is increasingly close at hand. According to confirmed previous reports, the R7 will sport a new focus technology which not only substantially reduces the focus time but also produces clearer and more vivid pictures. This new camera enhancement feature by OPPO, named “Flash Shot” boasts speed, accuracy and stability, fantastic for all camera phone fans.
The Dreamron College of Art and Beauty, a member of the Dreamron Group of Companies, has embarked on a new journey to assist those wanting to pursue their higher education in Japan and worldwide. To this end, they have partnered with Japanese Language schools, technical colleges and prestigious Universities.
Presenting to the nation as a gesture of gratitude, S-lon this year marked Vesak by adding value to their App for Pirith and Gatha. To add to this year’s celebrations, S-lon Lanka Pvt Ltd., the flagship company of The Capital Maharaja Organisation Ltd., and the pioneers of potable water piping system for 57 years in Sri Lanka, enhanced its application for Buddhists, the S-lon Pirith and Gatha App, by upgrading it through the adding of a new feature.
Hayleys M G T- Knitting Mills PLC has recorded a profit after tax of Rs. 90 Million (USD 680,000) for the financial year ending 31st March 2015, delivering a profit growth of 149% and a top line growth of 6% year on year. FY 2014/15 marked the first year of the Company recording a surplus after consecutive losses during the recent past. The company was also able to generate a cash profit of Rs 412 Million (USD 3.1Mn) in the year under review.
Janashakthi Insurance General team emerged as the 1st runner up at the Sri Lanka Insurance Institute, inaugural quiz competition held on 14th May 2015. The Sri Lanka Insurance Institute the premier professional body handling all examinations and courses related to Insurance conducted its Inaugural quiz competition mainly to promote fellowship in order to build a strong insurance community. Twenty Five (25) teams participated in the competition representing all the renowned Insurance companies in the Island.
Jakarta is a thriving metropolis, filled with a variety of sights, sounds and attractions. The city is the capital of Indonesia and is home to over 300 ethnic groups who speak 200 different languages and represent different cultures and religious traditions. Located on the northern coast of West Java, Jakarta is the centre of Indonesia’s political, commercial and industrial activity, and the city also acts as the main gateway to the rest of Indonesia.
One of the world’s largest apparel companies has adjudged the Brandix Group its Global Supplier of the Year across all product categories represented by its global vendor base, presenting Sri Lanka’s single largest apparel exporter with the pinnacle award at the company’s Global Supply Chain Summit. PVH Corp., owner of the iconic Calvin Klein, Tommy Hilfiger, Van Heusen and Arrow brands among others, presented this coveted award to Brandix at the company’s biennial awards event, held this year in Phuket, Thailand.
As the spread of renewable energy generation continues and countries expand to allocate more resources to increasing the overall percentage of renewable energy generation capacity, more stability will be required to ensure that such technologies like wind and solar aren't as reliant upon specific weather conditions. While Asia leads in Solar Power global crystalline module capacity will expand significantly in 2015 and is forecast to reach to 76.6GW according to an international report done by research firm HIS Inc. The report highlights that capacity utilization will rise due to strong downstream demand.