Neochem International (Pvt) Limited, one of Sri Lanka’s innovative solution providers for chemical products, celebrated its 5th anniversary earlier this month. Neochem, which commenced operations in 2009 as a solution provider for the cosmetics and detergent industry, currently consists of 4 business units providing different productsto local manufacturing clients - cosmetics raw material, detergent raw material, food flavours and fragrances.
For the fifth consecutive year, Exide, the No.1 battery in Sri Lanka, will power the Gunner Supercross 2014, as its Official Battery Partner.
Scheduled to be held on the 3rd of August this year in the Thamankaduwa Region – Artillery track in Minneriya, the Gunner Supercross will feature over 120 leading racing drivers and riders.
This prime motorsport event, now on its 9th year, is organized by the Regiment of Artillery in association with the Sri Lanka Autosports Drivers’ Association (SLADA), and will be held at a uniquely constructed gravel track.
The National Mobile Service Provider Mobitel received international recognition recently when it was awarded the prestigious ISO 27001:2005 certification for the company’s solid and reliable Information Security Management System (ISMS) for securing information within the organisation and ensuring safety and reliability to its customers.
The Sri Lanka College of Paediatricians (SLCP) will hold their 17th Annual Scientific Congress this year from 26th to 29th of July at the Waters Edge, Battaramulla. This year’s theme is “Healthy start for a healthy future”, which emphasises the need for provision of good quality care from the time of conception through childhood. The SLCP President, Prof. Dulanie Gunasekera together with 2013/2014 council of the SLCP have organised a comprehensive programme which includes the participation of foreign and local lecturers who have excelled in their respective fields of interest.
Sri Lankan stocks ended little changed on Friday amid expectation of strong corporate earnings after market heavyweight John Keells Holdings' upbeat results. The main stock index ended 0.03 percent, or 2.24 points, higher at 6,783.64, gaining 6.35 percent so far this month. On Tuesday, the index marked its highest close since Sept. 20, 2011.
Cartoon Network Enterprises (CNE) announced today the appointment of Rainco, a leading brand for rainwear in South Asia with a presence in India, Maldives and Sri Lanka, to sell licensee options for the Ben 10, The Powerpuff Girls and Music, Art & Dance (M.A.D.) franchises.
Four young professionals from a cross section of the disciplines and brands within Leo Burnett Solutions Inc. (LBSI) were chosen to participate in the Fast Track Professional Excellence Programme. Fast Track is a programme designed to coach young leaders to take up their leadership roles with ease. This programme which was conducted over a three-day period in Kuala Lumpur, Malaysia is an annual programme conducted by AFAA and is moderated by 95% - The Advertising Academy.
The Calamander Unawatuna Beach Resort hosted a German Night as a special gesture to the in house German guests, who celebrated the Football World Cup 2014 win. The guests were able to enjoy their favourite flavours from home, while revisiting the glorious world cup final repeat telecast, aired on a giant screen at the hotel's unique 680 Cocktail Bar and Beach Club.
This year, Amãna Takaful PLC (ATPLC) the only fully-fledged Takaful operator in the country, commemorated 15 years of spearheading the Takaful concept in Sri Lanka. The composite insurer celebrated the occasion with a gala dinner for long standing Life and General customers, key strategic partners, the company’s Board of Directors and staff.
Ceylinco Life is inviting its policyholders to join in the company’s efforts to ‘Go Green’ by signing on to receive ‘E Documents’ relating to their policies. To increase awareness and enthusiasm, the life insurance market leader has put up prizes of an iPad, Samsung smartphones anddongles which can be won by policyholders who register for E Documents before 31st August 2014.
Managing Director of Lanka Bell Ltd Prasad Samarasinghe was last week conferred with a Doctorate in Telecommunications by the Australian National University, Canberra, Australia. Dr. Samarasinghe holds a B.Sc. (Eng) Degree in Electronics and Telecommunications with First Class Honors and a M.Sc. in Engineering, both from the University of Moratuwa, Sri Lanka.
Triumph Sri Lanka recently sponsored one of the main mini pageants of the upcoming Runway Super Model 2014 in an event held at Colombo Court Yard. Miss Body Beautiful Pageant brought out the true beauty of the female body as the contestants exhibited the latest Triumph lingerie collections. The contest was mainly to evaluate the perfect balance of the female body to appreciate the true beauty of the contestants with an appreciation of fine lingerie.
For the convenience of customers, the Commercial Bank of Ceylon has announced it will keep 65 branches open for business on Ramazan Festival Day(Tuesday 29th July),a Public and Bank Holiday. This includes the Bank’s 28 Supermarket Banking Centres and 20 ‘365-day’ branches which will work their customary hours, and another 17 branches that will be open from 9 am to 1 pm on that day, the Bank said.
The Central Bank of Sri Lanka has appointed Mr. C J P Siriwardana, Assistant Governor, as the Secretary to the Monetary Board with effect from 14th July 2014. Mr. Siriwardana joined the Central Bank as a Staff Officer in 1986 after graduating from the University of Ruhuna with a B.Sc. Degree (Hons) in Agriculture. In 1994, he received his Master’s Degree in Quantitative Development Economics from the University of Warwick, UK.
Mr. Aravinda Perera was appointed to the Board of Directors of the Colombo Stock Exchange (CSE) with effect from 9th July, 2014, in place of Mr. Krishan Balendra, who completed his term as Chairman of the Board and resigned from the Board with effect from 5th June, 2014.
The foundation stone laying ceremony for Brown & Company PLC’s new Lucas Battery Premium Service Center was held recently under the patronage of Ishara Nanayakkara, Chairman, Brown & Company PLC. The new service center will be located at #97, Kynsey Road, Colombo 08.
The Senior Management of KlevenbergPvt Ltd was also present at the ceremony.
Emirates has announced the resumption of its daily flights from Colombo to Singapore, following the completion of a comprehensive runway upgrade project at Dubai International Airport which resulted in a temporary suspension of these flights. Effective Tuesday 22nd July, the resumption of the Colombo – Singapore service will see a return to the previous schedule of 34 Emirates flights a week from Colombo -- 27 flights from Colombo to Dubai and seven onwards to Singapore.
Two manufacturing facilities of Brandix Apparel Solutions Limited - Lingerie Cluster in Nittambuwa have been awarded Eco Factory Attributes by the global retail giant Marks & Spencer (M&S) in recognition of achievements in reducing their environmental footprint. The two factories have reduced energy and water consumption by 30 per cent and 15 per cent respectively and are recycling or reusing 100 per cent of their solid waste, enabling them to score 91 points out of 100 at the M&S Eco Factory Audit.
As Sri Lanka-Japan bilateral trade jumped $890 Mn and edged to $ 900 Mn mark, a keen Japan signalled towards a Lanka-Japan FTA for the first time-albeit with a qualifier. “In terms of country risk and future potential, I believe Sri Lanka is quite promising. We consider that FTA and EPAs as very useful means to promote trade. Mere conclusion of FTAs alone is not sufficient for better trade however. What is important is to develop a very robust foundation here” said a confident Kazuyoshi Akaba, the visiting Japanese Senior Vice Minister of Economy, Trade & Industry (METI) on 28 July in Colombo.
The Commercial Bank of Ceylon PLC has announced the appointment of Messrs Dharma Dheerasinghe and Preethi Jayawardena as Chairman and Deputy Chairman of the Bank, effective 29th July 2014. Mr Dheerasinghe, formerly Deputy Chairman of the Bank, succeeds Mr Dinesh Weerakkody on the latter’s retirement after two and a half years as Chairman.
CodeGen International (Pvt.) Limited an innovative IT company catering to the global travel tourism industry software solution market, ceremoniously opened its 30,000sqft modern office premises at the Trace Expert City Colombo. The launch was held under the patronage of Secretary to the Ministry of Defence Mr. Gotabaya Rajapaksa, Chairman Urban Development Authority (UDA) Mr. Nimal Perera, dignitaries from the Sri Lankan Army and the Management of CodeGen.
The fate of 157 Sri Lankan asylum seekers held at sea for almost a month before being brought to a detention center in Australia was stuck in limbo on Monday, as lawyers for the detainees said they might sue the government for illegal imprisonment. The interception and detention of the Tamil asylum seekers, including 50 children, has highlighted Australia's controversial policy of turning back boats carrying potential refugees, which has drawn criticism from rights group and the United Nations. The government made the decision to bring the group to Australia on Sunday after lawyers began legal action in the High Court to stop them being sent to Sri Lanka, and disputing the government's stated right to assess asylum claims at sea.
The Central Bank of Sri Lanka (CBSL) and the Reserve Bank of India (RBI) entered into a Bilateral Agreement on the 24th July 2014 which enables CBSL to further diversify its reserves management activities into Indian rupee denominated assets, while reciprocally, RBI is able to access the Sri Lankan government securities market, up to a maximum value equivalent of US dollars 500 million, each way. As a result, the CBSL could now access one of the growing securities markets in the world, realising a considerably higher return for the funds invested. At the same time, the RBI investments in the Sri Lankan government securities market would lead to greater stability in the Sri Lankan government bond market.
Lankem Robbialac’s Acquashield water-based wood care range proudly protects and enhances the priceless woodwork and all wooden surfaces of the newly restored Arcade - Independence Square which opened amid much glory and fanfare recently. An architectural relic from Colombo’s colonial past, this iconic building literally rose, Phoenix-like, from the ashes, and today stands like a majestic sentinel in a newly rejuvenated capital city.
Panther, Sri Lanka’s leading educational toy and stationery manufacturer celebrates its 15th anniversary this year. One of the first and only manufacturers of educational products in the country, the company is renowned not only for the high quality of its range but also its cost effective principles and wide distribution network; that make Panther products accessible to all Sri Lankans, everywhere.
The Central Bank of Sri Lanka hosted the 28th SAARCFINANCE Group Meeting and SAARCFINANCE Governors’ Symposium at the Central Bank of Sri Lanka on 24 July 2014. The 28th SAARCFINANCE Group Meeting was attended by Governors and Finance Secretaries and other delegates from the Central Banks and Ministries of Finance in the SAARC region.
Ceylon Guardian Investment Trust PLC, the investment group of Carson Cumberbatch, recorded a profit after tax of Rs. 2.12bn for the FY 2013/14, an encouraging performance amidst somewhat subdued market conditions the previous year. Ceylon Guardian’s above average performance was attributed by the Investment Managers in their report to shareholders “to booking of profits on selected overvalued stocks, capturing market anomaly and booking substantial capital gains despite subdued market conditions.”Ceylon Guardian’s portfolio as at end March is reported to be Rs.24.2 bn. The portfolio is managed by an in house professional team attached to Guardian Fund Management Limited, a fund management company licensed by the Securities and Exchange Commission of Sri Lanka.
Asian Alliance Insurance, together with the Department of Pensions along with the intermediation and involvement of Colombo RE Insurance Brokers, recently announced a specially tailor-made insurance cover for Sri Lanka’s retired senior citizens, who have contributed a life time of service towards Sri Lanka’s economy, society, and future generations. The insurance cover was introduced with the objective of safeguarding the life styles of retired senior citizens. The event was graced by the Hon. Minister of Public Administration & Home Affairs Mr. W. D. J. Seneviratne.
It’s a sweet season at The Manhattan FISH MARKET as the award winning restaurant launches its ‘Apple and Banana Crepe’ along an extravagant ‘Oreo Madness’ promotion.
Indulge in the perfect ending to you sea-perb meal at The Manhattan FISH MARKET with the launch of decadent ‘Apple and Banana ‘Crepe. Crepes which originated in Brittany in the northwest region of France, refers both to the individual pancake and the filled creation which can be both savoury and delightfully sweet. The delicious pancake available only at The Manhattan FISH MARKET is infused with banana and apple and is the ideal dessert priced at only Rs. 390/.
Among the diverse crafts nurtured by the reflective tradition of Sri Lanka, Talipot is an age old precious bound with Sri Lankan heritage since ancient times. Originally being used for Ola leaf manuscripts, this adorned craft industry dates even beyond the written history of the country. It possess fine and delicate craftsmanship, with skills and techniques achieved spending a life time. Unfortunately this priceless inheritance is losing its grace among handicrafts in Sri Lanka. Gamata Marketing, the project of Sri Lanka Institute of Marekting (SLIM) in association with the Department of Integrated Design, are on a mission to implement a design intervention to uphold the local craftsmanship.
Cinnamon Hotels & Resorts are preparing to host the 23pageant finalists of the Miss. Universe China pageanton a tour of Sri Lanka, flown courtesy of SriLankanairlines. The tourwill be a part of the pageant’s official agenda, following regional selections that will culminate in the Grand Finale of the Miss Universe China crowning pageant, scheduled to be held on the 13th of September in Shanghai. The contingent will be visiting Sri Lanka from the 26th of August to the 1st of September 2014.
The importance of adopting quality financial reporting and governance for the benefit of an organization and how that benefit creates value to the owners of the organisation was highlighted at a programme organized recently by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). Theprogramme which focused on the relevance of reporting, both externally and internally also identified commonly encountered "sins" in reporting, and the limitations existent in corporate reporting.
Sri Lankan stocks hit a 34-month closing high on Tuesday, led by banking shares as local investors shifted funds from fixed income to riskier assets in view of the low interest rates, brokers said. The main stock index ended up 0.59 percent, or 39.85 points, at 6,796.37, its highest close since Sept. 20, 2011.
The Rs 1 billion debenture issue of Dunamis Capital PLC opens for subscription on Monday 28th July and will be kept open till 15th August 2014 unless oversubscribed before the closing date, the company has announced. Rated ‘BBB’ by RAM Ratings Lanka Limited, the issue of 10 million rated, senior, unsecured redeemable debentures of Rs 100 each, is to raise capital to increase the long term funding base of Dunamis Capital PLC, the holding company of First Capital, Kelsey Homes and Premier Synthetic Leather.
Holcim Lanka, Sri Lanka’s leading cement manufacturing company, treated its loyal distributors recently for a fun-filled trip overseas as a token of appreciation for the effort they invest in driving the sales of the company. A selected group of distributors were sent on an all-expenses paid trip to Switzerland from 08th to 13th June 2014 for a 4 night/5 day stay. This is one more way for Holcim Lanka to demonstrate its appreciation to its distributors for their valuable support and for achieving yearly sales targets.
The Old Joes’ Choir, upon their return to Sri Lanka as World Champions, were felicitated at St. Josephs College by automotive partner Land Rover. The Old Joes’ Choir (OJC), which comprises of past Students of St. Joseph’s College, Colombo 10, recently took part in the 8th World Choir Games held in Riga, Latvia. The Games featured 27,000 Participants from 74 countries and over 465 choirs from around the world.
Associated Motorways (Pvt) Ltd. (AMW) one of the leading companies in the Sri Lankan corporate sector recently added value to its retreading tyres product-line by introducing ‘Marathon Radial’ procure tyre. AMW Group Managing Director Mr. Samantha Rajapakse graced the occasion of launching the new product.
Marathon Radial was introduced to be in line with AMW’s core competency of enhancing production capacity. The product opts to cater to a need in the ever increasing precured radial tyre market in Sri Lanka with a tyre with enhanced standard.
Two leading professional bodies came together recently to take a closer look at Sri Lanka’s booming capital market. At an evening seminar organized recently by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) together with the Chartered Institute for Securities and Investment (CISI) the topic of mutual funds, identified as the new frontier of investments for Sri Lanka was given much needed attention by a pool of well-versed experts who boosted the interactive session by sharing their insights to a houseful audience from the accounting, banking and financial sectors.
At the forefront of Sri Lanka’s insurance industry, Asian Alliance Insurance PLC, has won awards and accolades at the 2013 Vision Awards organized by the League of American Communication Professionals in its much-anticipated Annual Report competition. The fiercely-contested annual report competition featured entries from 25 countries and 1,000 companies globally this year. Asian Alliance Finance PLC’s 2013 Annual Report won big in various categories.
Gayan de Silva, a Financial Advisor attached to the Borella branch of Ceylinco Life has been adjudged the Best Front Liner overall at the 2014 National Sales Congress (NASCO) Awards of the Sri Lanka Institute of Marketing (SLIM) and received the Gold Award for the Best Front Liner in the Insurance Sector. The rare double was one of the highlights of this year’s edition of the premier event that recognizes sales excellence and rewards and motivates sales professionals to achieve greater heights.
The Department of Electrical and Computer Engineering, Faculty of Engineering at SLIIT, returns for the fifth consecutive year with the exciting robotic competition 'RoboFest 2014'. Scheduled to be held on the 24th and 25th of September at the SLIIT campus in Malabe, this event will give students from around the country an opportunity to showcase their robot design talents during a two day event designed to lay the groundwork for building team-work and communication skills among participants.
A new benchmark in speed has been reached in Sri Lanka’s smartphone market with the arrival of the E-tel Curiosity O9, the first Octa Core smartphone to go on sale in the country. The brand’s promoter Brantel said the O9 will be the fastest phone in Sri Lanka, and will further strengthen E-tel’s position as the third highest selling smartphone brand in the local market.
Kelani Cables PLC as of today has consolidated its position in the market place as Sri Lanka’s number one brand in secure electrical and communication cables.
Kelani Cables electrical bulb product range too is gaining momentum at present. The company added to the product range the newest product; ‘Kelani Tube Bulb’ recently. The product could now be acquired in two and four feet sizes.
Kia Motors (Lanka), the sole distributor in Sri Lanka for the Korean automobile brand, has been presented with an award for the ‘Most Improved’ in the region at the 2014 Asia – Pacific Parts Conference of MOBIS – the spare parts division of the Kia-Hyundai Group. The award, which recognises ‘Outstanding Performance & Achievement,’ was presented by MOBIS CEO Myung-Chul Chung to SamanPeiris, Parts Manager of Kia Motors (Lanka) at the conference in Thailand.
Mergers and acquisitions will be one of the main stimulants of growth in the insurance segment with the impending splitting of different insurance segments as per new capital regulations, says General Manager of General Insurance Shani Ranasinghe. The insurance segment is facing shrinkage due to a higher cost of living, however mergers and acquisitions are a fresh opportunities that Janashakthi is excited about, she said.
The annual Oman Air Golf Classic 2014 is set to tee off for the fifth consecutive year at the world-class Victoria Golf and Country Resort in Kandy, on 4 -5 October 2014. This year’s tournament will see the participation of over 100 golfers from Sri Lanka, Australia and the Middle East. The announcement was made at a recent Oman Air press conference which was attended by Gihan Karunaratne, Country Manager – Sri Lanka & Maldives, Oman Air, NeroyMarso – General Manager, Victoria Golf & Country Club and DhanushikaMedagoda – Manager Golf Marketing & Events, Victoria Golf & Country Club.
The Commercial Bank’s role as a key corporate supporter of children’s education in Sri Lanka has taken a giant leap forward with the launch of an innovative online education programme by the country’s largest private bank.
Interpharm (Pvt) Limited, manufacturer of pharmaceutical products formulated in Sri Lanka, was rewarded the third successive year with a Special Award for The Local Manufacturer, at the 17th Suppliers’ Convention organized by the State Pharmaceuticals Corporation, held on 19th July 2014, at Jetwing Yala.
In just over a decade, Colombo Fashion Week (CFW) has established itself as the backbone of the local fashion design industry. In the run up to the Resort Wearshow to be held in October, CFW announced the launch of CFW ‘Fashion Design Fund’ in an effort to develop and support up-and-coming fashion designers.
Melsta Regal Finance Ltd, recently launched a vehicle trading hub to buy and sell vehicles under one roof together with flexible financing packagesand specialist advice to repairs on the vehicles. This new concept, which was initially launched in the Central Province, will spread its services to the other main cities as well. This novel concept was launched successfully at the Kandy where over 75 vehicles users handed over vehicles for sale on the launch day.
SINGER Sri Lanka PLC. the country’s number one brand and number one Smartphone marketer was appointed as the exclusive distributor for with Sony Mobile Communications (“Sony Mobile”), a subsidiary of Sony Corporation, at a gala launch ceremony held at The Kingsbury Colombo. The significant partnership, took place under the patronage of Mr. M. Razali Ya'acub - Chief Representative - Sony South East Asia Sri Lanka Representative Office and Mr. Asoka Pieris - CEO SINGER Sri Lanka PLC.
Dilini Rasangi Shyamini, a 29 year old mother from Hettimulla, Kegalle gave birth to Sri Lanka’s second set of quintuplets at the Peradeniya Teaching Hospital in the early hours of Thursday 02 July. The father of the two boys and three girls, Shilantha Wijepala, is an executive officer in the mercantile sector.
Sri Lanka’s biggest fashion retail chain NOLIMIT was recently ranked among the Top 100 unlisted brands in Sri Lanka by Brand Finance in their annual analysis of the top brands in Sri Lanka. The brand was also ranked 2nd in customer service among retail stores by Living Magazine in a survey conducted this year. The Unlisted Brands rating was compiled on the basis of an independent market research study and presents a complete view of the brand’s landscape in Sri Lanka. The survey seeks to clearly establish the brand’s quality, reliability, distinctiveness, reputation and trustworthiness.
A major three-part global transaction between GlaxoSmithKline (GSK) and Novartis AG will generate benefits for consumers in Sri Lanka, particularly in the sphere of vaccines, GSK Pharmaceuticals Sri Lanka said this week. GSK’s position as the leading provider of vaccines to the domestic private market, to which it supplies vaccines that prevent 14 infectious diseases, will be consolidated further with the strengthening of its vaccine portfolio in new areas such as the prevention of Rabies and Meningitis, the company said.
The Indian CEO Forum (ICF) which completed one year of its formation on July 12, 2014, announced the roll out of its plan to bring free medical aid to all sectors of society through a health check camp specifically focusing on two major silent killers – Diabetes and High Blood Pressure. The first such camp will be held on July 27th at the ‘Lama Horuwa Pre School’, Aramangolla, Horana, from 9 am to 2 pm
Ceylon Theaters combines history with modernity with its new boutique cinema, Empire Cineplex at Arcade Independence Square. Ceremoniously opened by His Excellency President Mahinda Rajapakse, the new Empire Cineplex offers a unique cinematic experience that is more intimate and luxurious than ever before. The Empire Cineplex is now the ‘go-to’ cinema destination in Colombo and offers cinema enthusiasts an experience that draws on the latest movie exhibition trends. The new cinema is specifically designed to offer a high-end, private and exclusive cinema experience.
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