Sri Lankan shares fell for a fourth straight session on Thursday and closed at their lowest in more than seven months as investors sold stakes to settle margin trading ahead of quarter-end, while political uncertainty also weighed on sentiment. The main stock index ended 0.72 percent, or 50.20 points, weaker at 6,922.83, its lowest close since Aug. 8 and further moving away from the key psychological support level of 7,000. It has lost 5.39 percent in the past 19 sessions.
Emirates, a global connector of people, places and economies has announced it is commencing a daily service to Orlando, Florida from 1st September 2015. The route will be served by a US-built Boeing 777-200LR with eight First Class suites, 42 Business Class lie-flat beds and 216 Economy Class seats.
Cannes Lions has today announced members of the 16 juries of the 2015 Festival of Creativity.
309 senior industry professionals from 44 countries have been named. This is the most diverse line-up in the history of the Festival and includes the first judges from The Czech Republic, Ecuador and Indonesia - testament to an ever-increasing diversity of countries now winning Lions.
Oracle has announced significant recruitment plans that will add 1,000 new employees to its sales force across Asia Pacific (APAC). The expansion will help equip Oracle to drive growth and support demand for Oracle Cloud solutions across the region. As the only vendor who delivers complete SaaS, PaaS, and IaaS capabilities, Oracle is The Cloud Company. Each year, Oracle invests $5 billion in research and development to help ensure the company’s products are the most innovative in the industry.
Sri Lankan shares fell for a third straight session on Wednesday to a more than seven-month low as investors offloaded their holdings to settle margin trading while political uncertainty also weighed on sentiment. The main stock index ended 0.36 percent, or 24.90 points, weaker at 6,973.03, its lowest close since Aug. 15 and further moving away from the key psychological support level of 7,000. It had lost 4.71 percent in the past 18 sessions.
As bilateral trade between EU and Sri Lanka edged to $5Bn mark, Sri Lanka has commenced its talks on the recovery of the GSP Plus from EU on 24 March in Colombo, strengthened by previous positive vibes from EU-and 24 March talks were so comprehensive, it involved even technical trade capacity support to Sri Lanka from the EU.
Continuously setting the benchmark in the fashion industry, Hameedia, Sri Lanka’s leading menswear specialist recently launched a special Avurudu promotion to celebrate the Sinhala and Tamil New Year (Avurudu). The offer will enable customers to dress their best for the upcoming New Year, and will be valid until 19 April 2015, at all Hameedia outlets island-wide.
Ceyoka Health, a subsidiary of Ceyoka (Pvt) Ltd, an arm of diversified conglomerate Nawaloka Holdings has for the first time introduced advanced needle-free technology in Sri Lanka, revolutionising the future of vaccinations.
Needles have been the accepted standard for injections. However, for patients especially children the fear of needles is very real, associated with pain and discomfort resulting in declining routine vaccinations.
In a resounding endorsement of Softlogic Finance PLC and its business strategy, the recent Rights Issue of the Company was over-subscribed by over 150% with the new equity infusion of Rs 401 million, boosting the Total Equity position of the Company to Rs 1.9 billion.
Tiesh, one of Sri Lanka’s leading contemporary jewellers, recently launched its exquisite new showroom in Colombo. The showroom was launched under the theme of ‘Inspired Elegance’ with a glamorous and exclusive cocktail event. Located at No. 253, R. A. De Mel Mawatha Colombo 03, Tiesh’s new showroom is one of the best in the country and features an array of glittering gems and beautifully crafted jewellery collections.
Huawei, a global leader in information and communication technology (ICT) solutions, today announced the appointment of David Sun as president and chief executive officer of the Southeast Asia Region. David will oversee the company’s operations and be responsible for business development of the carrier, enterprise and consumer business groups across the region including Sri Lanka.
Emirates, a global connector of people and places, today celebrated the opening of its 37th dedicated lounge for First Class and Business Class customers as well as Platinum and Gold members of Emirates Skywards, the airline’s frequent flyer program, at Los Angeles International Airport.
Commercial Bank recently concluded a successful week-long campaign in the Northern region to educate the public about the superior products and services offered by the Bank for remittances, and to raise awareness about the dangers of using illegal methods to receive money from overseas.
The Hayleys Group’s Chairman’s Awards were held for the 2nd consecutive year, recently at a glittering event at The Kingsbury Hotel. The awards were organised to recognise exceptional teams and individuals who have supported the Group’s vision and goals. The Awards aim to encourage a high standard of work performance in support of achieving the Hayleys Corporate Goals as well as the development and successful implementation of the Group’s projects, policy and systems.
Noritake Lanka Porcelain Ltd (NLPL) recently launched its Bridal Registry and thus goes on record as being the first-ever porcelain company in Sri Lanka to do so.
Deputy Chairman and Managing Director of Noritake Lanka Porcelain Pvt Ltd (NLPL) Yoshinari Shimaya said, “The launch of this Bridal Registry is the result of continuous requests we have had from numerous customers over a long period of time.
In a historic ICT policy achievement, Sri Lanka has now become the first country in South Asia to be invited to join the Budapest Cybercrime Convention. This was communicated in a letter sent to the Secretary Foreign Affairs recently by the Secretary General of the Council of Europe. It was consequent upon a decision of the Committee of Ministers of the Council of Europe.
1971 saw the birth of Thompson Associates (Ceylon) Limited which today has grown to become the TAL Group of Companies. Through its subsidiaries – TBWA\Sri Lanka and Total Media Direction (TMD) - the TAL Group continues to provide total communication solutions as it has been doing for over 4 decades. In February this year, the TAL Group commenced their 45th year in operations.
Amãna Bank recently launched their very own Education Finance scheme to help students achieve their academic and professional dreams. This facility is available for both aspiring students and young working individuals to complete their higher studies in an easy and affordable manner.
As part of its promise to make insurance open to all, ATL (Amãna Takaful) ATL recently partnered with Falck Sri Lanka to provide its individual medical insurance policyholders with access to world-class Emergency Medical Services (EMS). As part of the strategic partnership, all of Amãna Takaful’s ‘Hale & Hearty’ and ‘KruthaGuna’ policyholders will be entitled to free pre-hospital emergency care, provided by Falck Sri Lanka.
H.A Ariyaratne was recently appointed to the Board of Directors of DFCC Vardhana Bank (DVB). Ariyaratne has over 33 years of experience in the banking industry and his new appointment at DVB was made effective from 04th March 2015
For every Buddhist, visiting a world famous Buddhist monastery in India or Thailand where the pure Theravada Buddhism still prevailing, is a lifetime opportunity. The same applies for devoted Christians who wish to visit a place like Wellakkanni in India, which is loved and respected by people around the globe. Best Life Vandana Private Ltd., which runs under the Best Life International Private Ltd., is already satisfying devoted Buddhists and Christian by making these dreams a reality.
Berendina Micro Investments Ltd opened its first branch in Horowapathana in Anuradhapura District recently. Berendina Micro Investments Ltd is established to extend the microfinance services of Berendina Group which was so far done under the Berendina Microfinance Institute (BMI) (GTE) Limited, which has been operation in Sri Lanka since 2007 and has been assisting the rural poor and plantation communities with micro credit and enterprise development services through a 18 branch network covering 6 districts.
China said on Thursday that Sri Lanka's visiting president had promised work would resume on a controversial Chinese-backed port development in Colombo that his administration had earlier suspended. Citing a lack of government approvals, Sri Lanka halted the $1.4 billion port city project, straining ties with its biggest investor. China defends the project, saying it is in line with local laws and any cancellation would deter foreign investors. Sri Lankan President Maithripala Sirisena told Chinese President Xi Jinping that work would resume after problems are "sorted out", a Chinese Foreign Ministry official told reporters on the sidelines of visit.
Samsung Electronics Co. Ltd. unveiled its most-awaited smartphones – GALAXY S6 and GALAXY S6 edge – in Sri Lanka. Beautifully crafted from metal and glass and with first-of-its-kind technology, the Samsung GALAXY S6 and GALAXY S6 edge define the future of mobility. The launch of new phones offers Sri Lankan consumers the ultimate smartphone experience with a new standard to drive the global mobile agenda, with cutting-edge design, a robust partner network and novel services.
Leo Burnett Asia Pacific has been named the winner of the “Network of the Year” award at ADFEST 2015, Asia Pacific’s leading advertising festival. The annual event, which concluded in Pattaya on Saturday evening, saw the attendance of 1,110 delegates from 53 cities and drew the participation of 3,295 entries across 18 awards categories. In total, work from 11 offices from Leo Burnett –including Sydney, Hong Kong, Melbourne, Jakarta, Colombo, Bangkok, Dubai, Beirut, Kuala Lumpur, Tokyo and Taipei- were recognised at the awards show and contributed to Leo Burnett’s overall score for the Network of the Year accolade.
Celebrating the hotel’s history of warmly receiving memorable people, The Galle Face Hotel recently welcomed Commander Anthony Pearse as he sailed his way back to Sri Lanka after 72 years. His last visit to the Galle Face Hotel was in 1943.
Citizens Development Business Finance (CDB) was recognized as an Overall Silver award winner at the recent 2014 HRM Awards, held by the Association of Human Resource Professionals in conjunction with SHRM.
CDB boasts a legacy of 20 years and continues to be a dynamic leader, powered by an energized team. With a reputation for its innovative product portfolio and financial services, CDB has been consistently recognized and rewarded with numerous awards by professional bodies, as a multifaceted employer with a reputation for its Human Resources practices.
Blue Ocean Ventures and the Indian Angel Network announced the launch of Venture Engine 2015 at an event held at the OZO Colombo. Since its inception in 2012, Venture Engine has been helping entrepreneurs to take their businesses to the next level and has proven to be both an invaluable resource for mentoring as well as a platform for the growth and expansion of start up and early stage businesses.
BBDO Lanka launched its ‘Force for Good’ initiative in February 2012 by becoming the first advertising agency in South Asia to be certified ‘carbon neutral’. This was followed by the launch of Asia’s first mechanical air purifying billboard in May of the same year.
Mobitel Business Solutions, a division of Mobitel Pvt Ltd together with John Keells PLC (the produce broking arm of the John Keells Group) launched ‘mAuction’, a superior suite of solutions for the Colombo Tea Auction connecting tea brokers and buyers on a single platform through a live feed for the first time in the history of the 130 year old Colombo Tea Auction.
Sri Lanka's foremost Motor Racer of international fame, Dilantha Malagamuwa, celebrated the silver jubilee of his illustrious racing career at a glitzy ceremony recently. Dilantha is ready to take the Sri Lankan pride into the international sports arena once again, with a number of international racing events coming his way within the next 12 months.
After three years of work in progress, the Fashion Design Council of Sri Lanka (FDCSL) was officially launched on 24 March 2015. Prior to the launch of the FDCSL, council members studied the strategies and structures of other fashion councils around the world, in order to formulate an effective model. Over the last ten years, the fashion industry in Sri Lanka has found a direction and a voice and it is evolving and thriving. This new focus has helped local designers to build many fashion labels which have grown in popularity in both Sri Lanka and the international fashion arena.
The Imperial Institute of Higher Education (IIHE) today announced its partnership with the University of Salford Manchester (UK) to offer its Honours degree programmes in Sri Lanka. The Imperial Institute of Higher Education will now be able to offer degrees such as BSc (Hons) in Business Management, BSc (Hons) in Business and Information Technology, BSc (Hons) in Accounting and Finance, BSc (Hons) in Business and Tourism Management. These programmes will be offered as internal university degrees with recognition worldwide.
Ma’s Tropical Food Processing (Pvt) Ltd, a business rooted in shared values - familyfood and community - recently launched their ‘Muluthange Cooking Studio’ focused on creating an extraordinary cooking experience for its customers. The launch event also showcased Ma’sdelicious and extensive ingredient and meal solutionsrange available attheMa’s Gourmet Shop.
Continuously setting the benchmark in the fashion industry, Hameedia, Sri Lanka’s leading menswear specialist recently took centre stage at the HSBC Colombo Fashion Week (CFW) Spring/Summer 2015 edition with its Envoy by FH Studio collection.
Hayleys MGT Knitting Mills, the fabric arm of the diversified blue-chip conglomerate Hayleys Group became the first company in Sri Lanka’s textile industry to launch its own brand, INNO. The brand was launched through its own Innovation Centre, in order to supply new fashion value added and functional fabric requirements to the current market. This will allow Hayleys MGT to differentiate itself and attract key brands to source innovative fabric from Sri Lanka.
Innovative ideas come from great minds and now, it will not take a genius or an app developer to take that idea to market and turn it into cash.
Perfect for stay-at-home mothers with time on her hands, a student who wants to earn some extra pocket money, an enterprising individual who wants to be his/her own boss, an intrepid entrepreneur or even a retiree who wants to stay occupied, the hSenid Mobile’s Telco Application Platform (TAP), via your local mobile operator, has just the right formula which is specifically developed for non-techie people.
Intel Sri Lanka signed a Memorandum of Understanding (MoU) with the Ministry of Education today, to further support the efforts of the Government to prepare Sri Lankan teachers to effectively engage students to develop their thinking and enhance learning. Under this MoU, Intel and Ministry of Education will be strongly focusing on further implementation of Intel® Teach, the professional development programme which helps teachers to integrate Information and Communication Technology (ICT) into classrooms and engage students in learning and preparing them with critical skills, at designated educational institutions in Sri Lanka.
The Colombo Stock Exchange (CSE) signed an agreement with BTA Consulting (BTA) of the United Kingdom to provide Consultancy and Project Management services to set up a Clearing House which will act as a Central Counterparty (CCP) for settlement of securities, including shares, corporate debt, Government Securities and any other financial market instruments transacted in Sri Lanka.
The announcement that regional groundwater in and around Chunnakam, Jaffna, does not consist dangerous pollutants was a great relief to the public and is a major step in the positive direction, opined MTD Walkers PLC – the parent company of Northern Power Plant of Chunnakam, which had been subject to baseless accusations and misinformation campaigns.
Kelani Insulation Tape is a superior product in the Kelani Cables PLC product range. The Sri Lanka’s number one brand in secure electrical and communication cables, Kelani Cables recently conferred exceptional sales personnel of its Kelani Insulation Tapes sector with accolades and foreign tours to Thailand. Sales excellence awards ceremony held at the Taj Samudra hotel was graced by Mr. Mahinda Saranapala, CEO, Kelani Cables PLC.
In a bid to help address the current Chronic Kidney Disease (CKD) crisis in a meaningful manner, Expolanka Holdings stepped up to provide RO water purification solutions to four schools in Anuradhapura district. Over 3,000 school children in Vidyadarsha Maha Vidyalaya, Nochchiyagama, Rahula Maha Vidyalaya, Yaya, Rajanganaya, Karapittakada Vidyalaya, Karapittakada, Medawachchiya, Koongollawa Vidyalaya, Etawiragollawa, Medawachchiya will benefit from this endeavour.
Sunquick, Sri Lanka’s number one brand in the Fruit Squash and Cordial market has reached yet another milestone through the introduction of a new flavour to its product portfolio. Sunquick launched its new flavour "Sunquick Gold- Orange, at a glamorous launch ceremony held at Cinnamon Lakeside, Colombo, recently. The new packaging and communication material of the new product were also unveiled at this ceremony.
The Organising Committee of ‘Info-V’ in collaboration with Visakha Vidyalaya, and with the support of the Ministry of Education, presents the second annual ‘Info-V 2015’ ICT exhibition on 03, 04 and 05 July at the Sri Lanka Exhibition and Convention Centre (SLECC) in Colombo. Themed ‘Smart Destinations - a Knowledge Hub that brings to you the latest in technological advancements and innovations”, the expo has Sri Lanka Telecom coming on board as Platinum Sponsor for the second consecutive year.
One young avid Sri Lankan rugby player will be the envy of many, as he/she is entrusted the distinct honor of presenting the official Match Ball to a referee at the Rugby World Cup 2015 match (RWC) in England. Deutsche Post DHL Group, the world’s leading mail and logistics services group, and the global logistics partner of the RWC 2015 will select one lucky child between the age of 8 and 15, to attend the Tournament.
Etihad Airways, the national airline of the United Arab Emirates, and Universal Pictures today unveiled the luxury Fast & Furious 777 airliner at Los Angeles International Airport (LAX). Actor/producer Vin Diesel was on hand as Etihad Airways Flight 171 arrived from Abu Dhabi to kick off the global junket and world premiere of Furious 7. The film arrives in theaters on April 3.
Giving cardholders yet another reason to revel in the Sinhala and Tamil New Year festivities with friends and family, MasterCard brings back its ‘Diners' Delight’ program to Sri Lanka. Offering World, Platinum, and Titanium MasterCard cardholders 15% savings at some of the country’s finest dining establishments till 31st December 2015, MasterCard seeks to keep the spirit of Avurudu alive throughout the year.
Janashakthi Insurance recently held the latest of a series of motor clinics in Jaffna on March 21st and 22nd. Those who participated in the clinic, held at the Jaffna Ground opposite public library, benefited from free vehicle scanning which would ordinarily cost over Rs. 7000.
SriLankan Cargo, the cargo arm of SriLankan Airlines has been instrumental in facilitating a consignment of 168 packages of Chinese aid, to the Ministry of Public Order, Disaster Management & Christian Affairs. The consignment was delivered to disaster management team by officials of SriLankan Cargo recently, by waiving off all terminal handling charges.
Mihin Lanka, Sri Lanka’s national low-cost carrier will expand its operations to Kolkata, India with effect from 15 June 2015. The strategic expansion of Mihin Lanka’s network is in line with its five-year business plan to expand its route network. The airline introduced an Airbus A319 to its fleet in March 2015, and the new aircraft will service Kolkata and will also support increasing frequencies to some of the airline key routes - Dhaka, Madurai, Lahore, Gaya and Varanasi. Kolkata is the capital of the Indian state of West Bengal and is the commercial, cultural and educational centre of East India.
Lenovo, the world’s largest PC maker and an emerging PC Plus leader,has appointed Sri Lanka’sace cricketer and the current captain of the Sri Lankan cricket team, Angelo Mathews as its official brand ambassador in the country. Angelo is one of the world’s top cricketers.With this development, he will team-up with Lenovo - the world’s no.1 PC player.
While traditional marketing is outside the store targeting consumers to build brand awareness, digital marketing allows marketers to deliver personalized content to shoppers at home, on-the-go and in-store to directly influence their decision making process or deliver a call to action with measurable results.
Otara Gunewardene, a renowned Sri Lankan entrepreneur and the Founder of Odel and Embark, pledged her support for Earth Hour Sri Lanka, for the second consecutive year. Otara was nominated as a brand ambassador for Earth Hour in 2014 and since then, she has inspired thousands of Sri Lankans to join the Earth Hour initiative. Each year, Earth Hour engages hundreds of millions of people from all corners of the globe and inspires them to celebrate their commitment to protecting the planet, by switching off their lights for one designated hour. This year, Earth Hour is focusing on inspiring people to use their power, to change climate change.
Sri Lankan lotteries innovator Mahapola Lotto has already awarded two Rs. 4 million jackpots in less than a year, with the first awarded in July 2014 and the most recent in February 2015. The Rs. 4 million jackpot was won by Mr. Ruwan Sirimanne from Maharagama, a storekeeper at a private sector company, who played his lucky numbers of 12, 14, 57 and 65. Interestingly, Mr. Sirimanne had played virtually the same numbers the day before since he had a strong feeling that these were destined to win.
Planters’ Association of Ceylon Chairman, Roshan Rajadurai in a media statement, explains the current position on Sri Lankan plantation worker wages, noting that while labour costs in the country are the highest in the sector, especially in tea, productivity is the lowest in the world.
Construction Expo 2015, Sri Lanka’s most comprehensive exhibition featuring each and every factor related to the construction and building industry is scheduled to be held on 12th, 13th, 14th June 2015 at BMICH. The Ceylon Institute of Builders (CIOB) together with presidential award winner Lanka Exhibitions & Conference Services will be organizing this mega event for the 4th consecutive year. The CIOB fully endorses this event as one of the premier construction and building materials exhibitions to be staged in Sri Lanka.
Lions Health has announced that UNICEF Goodwill Ambassador and 007 Actor, Sir Roger Moore, will be joining the dedicated jury of respected industry leaders judging the Young Lions Health Award, an exciting new competition for young creatives and marketers that aims to improve challenges facing health systems in low-income countries.
Launched together with UNICEF and Unilever, the Young Lions Health Award calls on the young creative industry to develop a compelling campaign that helps address this challenge. UNICEF will utilise the winning campaign as the basis for engaging the general public to advocate and mobilise support for better, child-focused health systems.
Sri Lanka’s oldest baby care brand, Pears, declared open its 5th Lactation Management Centre (LMC) at the Dambulla Base Hospital recently. The lactation centres will help raise awareness on the importance of breastfeeding and promote exclusive breastfeeding among new mothers, in line with the brand’s commitment to helping Lankan mothers raise healthy and happy babies.
Hayleys Consumer relocated its model photo imaging studio and photo lab "Café Pixel Wonder Photo Shop" to No 125 Dharmapala Mawatha Colombo 7 which is situated next to the Ministry of Buddha Sasana. Equipped with the latest cutting edge technology in image capturing, colour processing, image printing and album binding, Café Pixel Wonder photo shop offers end to end solution in imaging that will satisfy the most discerning customer.
Nestlé Professional, the ‘out-of-home’ food and beverage solutions provider of Nestlé, hosted ‘Nestlé Professional Signature Night’ for culinary professionals in Sri Lanka, in honour of their contribution towards the growth of its business over the years.
Faizal Deva was recently elected President of the Mercantile Services Basketball Association (MSBA). The youngest ever President of the MSBA, Deva has many years of basketball in him. He captained the Commercial Credit Basketball team in 2013 which went on to become the Mercantile Services Basketball Association (MSBA) league tournament Champions.
Liver diseases can result from a wide range of causes including increased alcohol consumption, diabetes, hepatitis, dengue and viral flu. Doctors need to closely monitor liver damage in these patients as reversible conditions like fatty liver and early stages of alcohol damage can progress to Cirrhosis.
Outstanding career success achieved through Olympian - like commitment and effort was honoured in gala style at the annual awards of Ceylinco Life recently, when the life insurance leader rewarded its top achievers of 2014 for their contribution to the company’s growth. A total of 173 awards in the form of certificates, medals, trophies and overseas holidays was presented at this glamorous event. More than 1,300 members of the company’s sales team were in the audience at the BMICH to cheer on their highflying colleagues.
Sri Lanka’s largest online travel company, findmyfare.com recently launched the ‘Fly Out For Free’ offer for Standard Chartered credit cardholders and gave them the chance to fly to any destination for free. The offer was launched at midnight on 16 March 2015 and all 100 air tickets were booked in just 24 hours. Standard Chartered and findmyfare.com will now extend the offer on 26 March 2015, and an additional 50 free air tickets will be provided via the new offer.
CEAT Kelani Holdings, the company that manufactures and supplies half of Sri Lanka’s tyre requirements, has launched a series of speciality tyres manufactured locally in six sizes for heavy duty service and industrial applications. The release of these new tyres in the sizes of 6.00-9, 6.50-10, 7.00-12, 8.25-15, 10-16.5 and 12.5/80-18 represent an important milestone for the company and contribute to further import substitution, the company said.
Fortinet® (NASDAQ: FTNT) – a global leader in high-performance cyber security, today announced it has enhanced its FortiPartner Program for the EMEA and APAC regions. The new program, including new certification and re-aligned partner levels, is designed to help partners build expertise on the full range of Fortinet’s network security products, extend service offerings and expand into new areas of the security market.