Sri Lankan stocks gained on Friday for the second straight session as investors bought banking shares, but the turnover was moderate as the market awaited cues from 2015 budget announcement. Sri Lanka in 2015 will trim its value added tax and reduce its budget deficit to the lowest level since 1977, President Mahinda Rajapaksa told parliament on Friday while presenting the 2015 budget.
Sri Lanka’s largest online shopping mall, WOW.lk partnered
with Knorr to host the ‘WOW Food Festival’ in commemoration of World Food Day. Taking place at the WOW.lk head office, this exciting festival comprises a series of promotions and activities which brings people together to celebrate a selection of unique cuisines.
The Chalmway International Hair & Beauty Institute (CIHBI) a name by in itself, a leading & fully fledged Hair & Beauty Academy; initiated in 1997 has come a long way indeed ever since, achieving ISO 9001 : 2008 quality standards, thereby proving its excellence against all odds on a path towards success.
Big Data and the Internet of Things (IoT) is revolutionizing the world around us – from the medical care we receive to the way retailers market to us – but how is the manufacturing industry benefitting from it? Large manufacturers have been analyzing data to optimize production and processes for many years to drive performance. However, the sheer volume, variety and velocity of data being generated today – along with the new business intelligence tools available – has the potential to deliver even bigger financial and productivity gains in Asia Pacific and across the globe.
Cloud computing adoption is accelerating throughout the Asia Pacific region, with the trend being all the more prevalent in Singapore. As the local government continually strives to position the country as a regional cloud hub, Singapore businesses are also increasingly realising the advantages of having a cloud strategy in place. According to a global study released by Oracle in 2013, Singapore companies have the highest cloud adoption rates worldwide at 94%, surpassing even the global average (71%).
Sri Lankan stocks fell for the fourth straight session on Tuesday to hit a 6-week closing low, a day after the government announced it would hold a presidential election in January, nearly two years ahead of schedule. Most local investors offloaded positions to cut losses, dealers said. President Mahinda Rajapaksa is expected to run for a third six-year term. The poll schedule announcement came amid signs Rajapaksa's popularity is fading after accusations that his party is abusing power.
The Royal College Group of ’91 is holding their annual Touch Rugby tournament, ‘Royal Rugby Fiesta 2014’ for the 13th consecutive year on Saturday 01st November 2014 at CR & FCgrounds, kicking-off at 1.00 pm.
The Board members of KBSL Information Technologies is pleased to announce that Silmy Ahamed has been appointed as Chief Executive Officer (CEO) of KBSL Information Technologies with effect from 1st October 2014. Silmy was Chief Operating Officer (COO) leading up to this appointment. In this role, he established KBSL on a fast growth trajectory with innovative client solutions and a high standard of customer service.
Two teams from the premier degree awarding institute SLIIT, clinched the Gold and Bronze awards under the Tertiary Student Category - Technology at the recently concluded National Best Quality ICT Awards (NBQSA). Both Gold and Bronze winners have been nominated to participate at the Asia Pacific ICT Awards (APICTA) 2014. In addition, for the first time a team from SLIIT earned a Merit award under the Tertiary Student 'Business' Category.
When SriLankan Airlines welcomes the first of its six all new A330-300 aircraft on October 31, 2014, the proud Sri Lankan citizens will have the chance of becoming part of that memorable journey. All you have to do is to listen to the radio promotions, aired in all three languages and text the city you wish the aircraft to fly over.
The Bath Store, a first-of-its-kind in Sri Lanka, is set to meet every conceivable bathroom need under one roof while offering absolute convenience. Committed to uncompromising quality and elegance, The Bath Store will enable the creation and outfitting of bathrooms that suit every individual need, offering chic products with a superior finish at a reasonable price.
HJS Condiments Limited, the agri food export arm of Hayleys Agriculture won the Gold Award in the Agriculture Value Added Large Category at the 22nd National Chamber of Exporters (NCE) Awards Ceremony held recently. HJS Condiments Ltd., is Sri Lanka’s largest fruit and vegetable exporter, accounting for 43% of the country’s processed fruits and vegetables exports.
Altair, the iconic twin-tower high-rise luxury condominium development that will dramatically transform Colombo’s skyline over the next three years, recently extended its marketing efforts to the large Sri Lankan community in Australia at two events in Melbourne.
The First Ferry is a Dubai based international boutique design office with offices in London, Singapore, Hong Kong and India and is known for their cutting-edge style and classy designs. The young and dynamic Interior Firm advocates a design by emotion and immersion philosophy, in contrast to the mainstream of ‘design by aesthetics’. A belief that holds true for them is that the viewer, observer and user of the space immediately becomes interactive with the space.
As Hindus around the world celebrate Deepavali – ‘the festival of lights’ – on Wednesday, 22nd October, a Public and Bank holiday, the Commercial Bank of Ceylon will keep 65 branches open for business on that day for the convenience of customers. This includes the 28 Supermarket Banking Centres operated by the Bank and 19 ‘365-day’ branches which will work their customary hours, and another 18 branches that will be open from 9 am to 1 pm on that day, the Bank said.
SME Factors, one of Malaysia’s leading receivables financing houses, announced the expansion of its services into Sri Lanka at a press conference held in Colombo on October 15th. Its entry into the country is by invitation from the Deputy Minister of Finance, Sri Lanka, Dr. Sarath Amunugama, who has expressed interest to see SME Factors collaborate with the Finance Ministry on potential business opportunities that can benefit the country’s economy.
Sri Lankan stocks fell for the second straight session on Friday, led by profit-taking in select shares such as Sri Lanka Telecom Plc and John Keells Holdings Plc, although foreign investors bought into risky assets. Sri Lanka's main stock index fell 0.31 percent, or 22.60 points, to 7,234.47. Foreign investors bought a net 15.9 million rupees ($121,792) worth of shares on Friday, extending the year-to-date net foreign inflow to 10.13 billion rupees, exchange data showed.
Sri Lankan stocks slipped on Thursday, led by profit-taking in banks, though foreign investors bought into risky assets a day after yields on 364-day treasury bills reversed their falling trend. Stockbrokers said shares would continue to gain though there could be some volatility due to political concerns as the government is planning early presidential polls, and the reversal in the falling trend of interest rates.
The Department of Electrical and Computer Engineering, Faculty of Engineering at SLIIT, conducted the exciting robotic competition 'RoboFest 2014' recently. With many entries from all over Sri Lanka, this year's competition too was open to both school and undergraduate students island-wide.
Amana Asset Management Limited announced the launch of its Corporate Real Estate Services Unit, the latest addition to its portfolio of Real Estate Services, recently. The unit had been providing for real estate needs of busy Corporates, institutions and expats in securing, managing and liquidating real estate assets in the medium to long term.
Ford Motor Company, together with its partner in Sri Lanka, Future Automobiles, is delivering on its promise of building an unmatched customer and ownership experience in the market. By making sure every part of the service experience in Sri Lanka is consistent with Ford’s Global Standards – from state-of-the-art equipment, to Ford’s Extended Service Plans, genuine Ford spare parts, and world-class staff training – Ford is raising the bar for service standards in Sri Lanka.
Melsta Regal Finance Ltd, celebrates its second year anniversary on the 18th of October, 2014. Two years ago the Company which is backed by one of the largest conglomerates – the DCSL group forayed into the financial services sector with the objective of creating and adding value to the financial landscape of the country.
The finals of Mercantile Volleyball Tournament 2014 will be held on October 26, 2014 at Sri Lanka Youth Indoor stadium in Maharagama. The President of Mercantile Volleyball Association and the Executive Director of C.W. Mackie PLC, Mangala Perera said that arrangements had been made to conduct the tournament and a sum of over 1.5 million rupees would be spent on prizes, trophies and certificates for the winners.
The world renowned Islamic Finance News (IFN) Forum will be held in Sri Lanka for the third consecutive year in the backdrop of the tremendous potential and growth the local Islamic finance industry has showcased in the last few years. Amãna Bank has once again collaborated with Malaysia based RedMoney Group to host the IFN Forum in Sri Lanka, bringing together the country’s Islamic Finance industry and its key regulatory stakeholders to one forum to discuss the challenges and opportunities of the industry.
Mahapola Lotto, the new lottery offering never before seen weekly grand prizes of up to Rs. 150 million, recently held another in its ongoing series of island-wide lotto awareness and education programmes, this time visiting the picturesque and burgeoning towns of Sri Lanka’s North and East.
Jiffy Products Sri Lanka (JPSL), the Sri Lankan subsidiary of Jiffy International AS Kristiansand, Norway today announced that the company has won the Gold Award in the Agriculture Value Added – Large Sector under Coconut and Coconut based products category at the recently concluded National Chamber of Exporters Export Awards 2013, for the second consecutive year.
Asiri Group of Hospitals recently celebrated 30 years of operations of its medical laboratories and is pursuing avenues to further expand and enhance operational excellence of its laboratories and maintain its market leadership in the country.
Oman Air’s mouth-watering First Class and Business Class inflight dining has been praised to the skies by readers of US-based luxury food magazine Saveur. The national carrier of the Sultanate of Oman has scooped the Readers’ Choice Award in the magazine’s annual Culinary Travel Awards, beating many of the biggest names in global air travel.
Recognized as the No. 1 employer in the nation, Unilever Sri Lanka is reaffirming its commitment to empowering the country’s future business leaders, by launching ‘Sparks’, a student ambassador programme, designed for university students.
Sri Lankan stocks fell more than 2 percent on Monday to their lowest in nearly four weeks on profit-taking, with banking stocks leading the decline. The main stock index fell to 2.03 percent before closing down 1.87 percent, or 136.78 points, at 7,184.22, its lowest since Sept. 17. It hit a near 3-1/2 year closing high on Oct. 3. "It's a free fall. Today the fall is led by banking and large-cap shares," said Dimantha Mathew, manager, research at First Capital Equities (Pvt) Ltd.
Another fantastic and successful second year of collaboration between Ferrari and Hublot came to an end. After the two first Big Bang Titanium and Big Bang Magic Gold launched in 2012 (the first ever scratch-resistant 18-carat gold invented by Hublot), the famous MP-05 LaFerrari which is a world-record with 50 days of power reserve, and the three models 2013 (Big Bang Red Magic Carbon, Big Bang All Ceramic and Big Bang King Gold Carbon), they are at it again!
OMEGA celebrated its De Ville Butterfly wristwatches with its brand ambassador Nicole Kidman at a high-profile event on Thursday, 2 October. The Dongdaemun Design Plaza (DDP) in Seoul was elaborately decorated for the launch where the Oscar-winning actress was joined by Swiss singer/songwriter Bastian Baker and OMEGA president Stephen Urquhart.
The National Mobile Service Provider Mobitel, proudly launched a brand new facility for Pension Disbursements via its already popular mCash service in partnership with the Pensions Department of Sri Lanka. The launch event which was held recently under the auspices of His Excellency, President Mahinda Rajapaksa, unveiled the Pension Disbursement facility via the mCash service as an added benefit for retired government employees. Through this service pensioners can now receive their pension directly into their mCash Account for greater convenience.
The Central Bank has requested all Banks who are participating in the Credit Guarantee Scheme supported by the Government and the Central Bank to reduce the applicable interest rate for such pawning advances to 12 per cent from the current rate of 15 per cent, with immediate effect.
Sri Lanka's foreign direct investments rose 49 percent in the first nine months of the year from the same period a year earlier to $1.3 billion, the state-run Board of Investment said on Friday. Investment Promotion Minister Lakshman Yapa Abeywardena said the country was making all efforts to reach this year's investment goal of $2 billion.
The Sri Lankan rupee edged down on Friday due to importer dollar demand, while dealers said the central bank's moral suasion capped the local currency at 130.40 and forwards picked up as a result. The spot currency was quoted at 130.40/50 per dollar at 0859 GMT. Dealers said spot trading stopped when it fell to 130.40 as banks were reluctant to trade beyond this level due to moral suasion by the central bank.
Sri Lanka has lifted a temporary ban on the sale of some Anchor milk powder made by New Zealand-based Fonterra after local tests showed it did not cause illness in children, a government official said on Friday. The government last week halted the sale and distribution of Anchor powder from three batches after some children who consumed the product fell ill.
Sri Lankan President Mahinda Rajapaksa, who is set to seek an unprecedented third six-year term, announced a 2015 budget on Friday that trims VAT and cuts the deficit while providing a range of handouts, mainly to rural communities. The 68-year-old leader, who is also finance minister, will seek early re-election in January, his party said on Monday, seeking to pre-empt any decline in support after nearly nine years in power.
DFCC Vardhana Bank (DVB), Sri Lanka’s fastest growing commercial bank announces the introduction of the ground-breaking Lanka Money Transfer (LMT) service which will be available within the month of November 2014. This new offering is a remittance service which allows customers, both the sender and receiver to transfer money with ease, using the banks that they trust.
Huawei won the bronze award in the International Brand of the Year category, at the recently concluded SLIM Brand Excellence gala awards ceremony held at BMICH Colombo. Themed "Contender or Champ?" the awards ceremony recognised best brands in Sri Lanka and rewarded brand custodians with distinct appreciation to those organisations which deploy their resources for these brands.
The annual budget seminar of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will see a host of experts including business leaders who will share their insights on the government’s national budget for 2015. The seminar which will be held on Tuesday, 28th October 2014 at the Kingsbury Colombo, will see a panel session comprising of Mr. Arjuna Herath, President of CA Sri Lanka, Mr. Sajith Attygalle, Deputy Secretary to the Treasury, Mrs. Wasanthi Manchanayake, Commissioner General of the Inland Revenue, Mrs. Dhammika Gunathilaka, Senior Commissioner of the Inland Revenue, Mr. Suresh Shah, Chairman of the Ceylon Chamber of Commerce, Mr. Ronnie Peiris, Group Finance Director of John Keells Holdings, Mr. N.R. Gajendran, Partner of Gajma & Co, Mr. Duminda Hulangamuwa, Chairman of the Faculty of Taxation of CA Sri Lanka and Mrs. Sharmila Jayasekara, Partner of KPMG.
The Commercial Bank of Ceylon rewarded four students who achieved the 1st, 2nd and 3rd places in the island at the 2014 Year 5 scholarship examination, at a ceremony held recently with the objective of supporting their educational endeavours.
Outperforming several high profile brands hailing from several different sectors and further cementing its place as one of the leading brands in Sri Lanka, Holcim (Lanka) secured the prestigious Silver Award as the Turnaround Brand of Year at the recently held SLIM Brand Excellence Awards 2014 at BMICH. The premier award program of marketing, SLIM Brand Excellence is the flagship event in the country’s corporate calendar, conducted by the Sri Lanka Institute of Marketing (SLIM). Brands are evaluated based both on a professional and academic viewpoint, comprehensive brand planning and management process; brand intent, content, process and performance.
The 35th National Conference of Chartered Accountants will be inaugurated under the patronage of His Excellency Geoff Q. M. Doidge, South African High Commissioner to Sri Lanka on Thursday, 23rd October 2014 at Waters Edge, Battaramulla. Organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), the conference which draws over 1200 chartered accountants and business leaders annually, will also feature Mr. Priyan Fernando, Chairman of Brandix Lanka Ltd, who will deliver the keynote speech at the inauguration.
“The private security companies of this country are important stakeholders and an integral element in the ongoing nation building exercise and as such the CEO’s of these organizations bear a vital role of accountability and responsibility in reaching the country’s development goals” said President SLASSPA (Sri Lanka Security Service Providers Association) Major Tissa Aluwihare. To this end, the first ever CEO forum under the auspices of the Ministry of Defence and Urban Development (Civil Security) , was held on 21st October at the Hilton Residencies.
New research from Oracle has revealed that younger business workers are far more likely to find a way to access work data and applications on their mobile device – with or without their employers’ consent – yet they are also the most likely to lose their mobile device or, worse, have it stolen. Censuswide carried out the research on behalf of Oracle, surveyed 1,500 professionals working for global organizations: 500 in North America, 500 in EMEA and 500 in APAC.
With the move of its freighters to DWC, Emirates SkyCargo, the freight division of Emirates, has strengthened the link between Dubai International and DWC, through its trucking operations, reinforcing the city’s multi-model logistics capability as a growing and popular global cargo hub.
The Coffee Bean and Tea Leaf reopened the top floor lounge at their flagship Maitland Crescent store in Cinnamon Gardens on Sunday after a six month refurbishment. The flagship store will lead 8 new and refurbished existing stores to be opened by March next year, as the first phase of 15 planned in three years. The board of the franchisee International Brands Ceylon Pvt Ltd, in town for their quarterly board meeting and the lounge opening, reaffirmed their USD 5 million commitment to invest heavily in the brand in Sri Lanka, both in stores, service, and maintaining the premium quality of the product.
Ceylinco Life has joined corporate entities around the world that seek to harness the power of effective public speaking for the personal and professional advancement of their staff, with the formation of the company’s own Toastmasters Club. The new club, consisting of its first batch of 24 members, was recently ceremonially chartered as a member club of Toastmasters International (TI) District 82, Division E, Area E02, making it part of the world’s leading communication and leadership-skill building organisation.
Truecaller, the mobile app that helps you take the right call announced its foray in Sri Lanka, recently as a strategic entrance to one of its key emerging markets. In a recent media release the company announced that is had identified Sri Lanka as an opportunity for the application to further extend this service to millions of users across Sri Lanka. With that in the limelight, below are excerpts of an interview conducted with Kari Krishnamurthy, Vice President of Growth and Partnerships of Truecaller Asia, Middle East and Africa.
The Sri Lanka Institute of Credit Management (SLICM) the leading institute which offers credit management education in Sri Lanka will host its 18th Annual convocation on the 23rd of October at the Centre for Banking Studies with Mr. Ajith Nivard Cabraal Governor of Central Bank gracing the occasion as the Chief Guest. More than 300 CEO’s of the financial services sector and senior staff of Central Bank will also be attend to the only convocation dedicated for credit management academics.
Bharti Airtel Lanka, a leading telecommunication organization in Sri Lanka, today announced its continued support as Principal Sponsor for the 44th Annual Boat Race or the 41st Royal – Thomian Regatta. Airtel Lanka further announced that it is successfully sponsoring the traditional and most prestigious RC-STC regatta for the third consecutive year.
Brandix i3 further expanded operations in the US by opening its new ‘Innovation Center’ at the Minnesota Bio Business Center in Rochester, Minnesota, USA. The opening drew the participation of key representatives from the Rochester Area Chamber of Commerce, local community leaders, members, clinicians from several local healthcare facilities as well as key executives of the Brandix Group. The office opening concluded with a VIP event in the evening that was graced by existing clients and key clinicians from local healthcare facilities. A family event was also held for new employees and their families to celebrate the opening of the new office space.
The Management of SriLankan Airlines sealed a new productivity based collective agreement with the Sri Lanka Nidahas Sevaka Sangamaya (SLNSS), for a period of three years (2014-2017) with the aim of providing enhanced incentives and benefits for the SriLankan employees.
Across the world, businesses agree that collaborative workspaces are good value, breed efficiency and inspire innovation and entrepreneurial activity. So more and more businesses globally are choosing collaborative work environments to provide their staff with top-class locations in a more cost effective and flexible way. A recent Regus survey analysing the views of over 22,000 respondents in more than 100 countries confirms that 89% of firms think that collaborative workplaces are value for money and 88% say that they help reduce cleaning and maintenance costs.
The Arpico retail chain’s suburban and semi-urban expansion programme has gained momentum with the recent opening of three more ‘Arpico Daily’ outlets in Sri Lanka. The three latest outlets opened at Kaduwela, Ja-Ela and Mathugama are a microcosm of the Arpico shopping experience, representing the product diversity and multi-brand choice that are the hallmark of the larger Arpico Supercentres, the company said.
Executive Chairman of the Franklin Templeton Investment Group Dr Mark Mobius paid a courtesy call on Governor, Central Bank of Sri Lanka Mr Ajith Nivard Cabraal on 16th October 2014 at the Office of the Governor in Colombo Fort.
The projects to be awarded by the Cannes Chimera Initiative for this year’s Cannes Chimera global communications challenge have been decided upon. Four entries from Australia, China, Singapore and the UK have been chosen to each receive a prize of up to $100,000 to further develop their ideas and will receive an exclusive invitation to attend a workshop at the Bill & Melinda Gates Foundation in Seattle this November. Launched during the Cannes Lions International Festival of Creativity in June 2014, the brief challenged entrants to develop an innovative communication concept which would inspire Millennials to get involved with and feel connected to global health and development problems.
Following positive discussions with local authorities, EXIM Bank Malaysia President Adissadikin Bin Ali and Head of Banking Nor Shahmir Bin Nor Shahid ended an official visit to Sri Lanka with a press conference on October 15th. Joined by H.E. Mr. Azmi Zainuddin, High Commissioner of Malaysia in Sri Lanka, the EXIM Bank representatives announced the Bank’s expansion plans in Sri Lanka observing several conducive market factors.
Given the important role financial professionals play in today’s constantly evolving business world, the 35th National Conference of Chartered Accountants will be an important platform to give the required boost and leadership to Chartered Accountants who can play an important catalyst role in helping with the progression of the country, President of CA Sri Lanka, Mr. Arjuna Herath said.
The ‘My Friend’ project is an ongoing initiative that supports the educational needs of underprivileged children in Sri Lanka. The project is the brainchild of Fouzul Hameed, the Managing Director of the Hameedia Group and Sri Lanka’s premier menswear consultant who, years ago embarked on a mission to improve the lives of children in need across the country.
Sayerlack celebrated its sixtieth birthday with an event dedicated to all those who have contributed to the achievement of this important milestone. “It is thanks to our many customers, employees and suppliers, who over the years, have chosen to work and grow with Sayerlack, that the brand and the company have continued their growth”, said Dennis Karnstein - President Sherwin Williams product finishes
The Training Partner portfolio of the Institute of Chartered accountants of Sri Lanka (CA Sri Lanka) continued to expand with two new companies, Carsons Management Services (Pvt) Ltd and International Distilleries Ltd coming on board as training partners of CA Sri Lanka.
Forging ahead with their vision to be the premier Sri Lankan Life insurer, Janashakthi Insurance has announced a comprehensive range of new solutions, offering a unique set of benefits that distinguishes itself from the gamut of Life insurance products currently available. This year marks a significant milestone for Janashakthi Insurance. A pioneer in motor, non-motor and life insurance's product innovation, Janashakthi Insurance celebrates 20 years of excellence in insurance protection on September 2014.
The CEAT Racing team has ended the 2014 season in hi-octane style, winning the Car Team Championship, the Best Driver award and achieving eight podium finishes at the Rotherham Katukurunda Circuit Meet. Pasindu Peiris, who won both SLGT 3500cc races, was adjudged Best Driver, and with his team mate Ushan Perera who was placed fifth in the first of these two events, took the Car Team championship at this event.
DMS Electronics (DMSE), a pioneer in the Information Technology Industry in Sri Lanka for more than 32 years, announces this partnership with Ingenico Group, the global leader in seamless payment, to provide smart and secure electronic payment solutions for end customers in Sri Lanka and Maldives.
The gift of a regular supply of life sustaining water has eased one of the many hardships faced by the residents of a small village located on a geological formation of limestone on an island off Jaffna. For the 225 families of Melinchimunai, on the island of Kayts, the donation by the Commercial Bank CSR Trust of a Massey Ferguson 4-wheel tractor, a 4,000-litre water bowser and 100 25-litre water cans represents a tangible improvement in their quality of life.
In most Asian countries, elders played a pivotal role in shaping our local communities. Sri Lanka was no exception, be it conducting rituals on special auspicious days or simply guiding and moulding the younger generation, elders were both revered and respected.
Sadly, with today’s fast-paced lifestyle, many elders feel neglected and alone, with the younger generation hardly seeming to have any time for them.
Eurobest today announced a heavy-hitting line-up for the forthcoming European Festival of Creativity, with content designed to challenge thinking and inspire new ways of approaching the creative process.
This year, an imperative to create debate drives the programme and sessions will feature European thought-leaders and industry innovators who hold diverse (and sometimes opposing) viewpoints. The Festival format has also been given a shake-up and made more collaborative, allowing delegates to engage more closely with the content via interactive courses, intimate huddle sessions and lively panel discussions.
Dubai’s Department of Tourism and Commerce Marketing (DTCM) and Emirates Airline have announced that the 2014 UEFA Champions League 2013/14 winner Real Madrid will face 18-time international titles winner AC Milan in the ‘Dubai Football Challenge’; a friendly match set to take place at The Sevens stadium in the emirate on Tuesday, 30th December.
Representing Sri Lanka at the Spikes Asia Festival, Mindshare team members Seninda Bandara and Supun Hettiarachchi did the country proud when they clinched the Bronze medal for ‘Young Spikes in Media’ recently.
The win at the regional Young Spikes competition was a significant victory for their company, with the GroupM agency Mindshare emerging as the only winner from Sri Lanka, outshining more complex markets such as Japan, India, Korea and Singapore.
Huawei became the first Chinese company to rank in Interbrand's Top-100 Best Global Brands of 2014, at No. 94. On the ranking, Interbrand said: “With smartphone sales volume up since Q1 2014, a current global market share of 20 percent, and a place among 2014's Best Global Brands, Huawei is moving at full speed and making its mark on the world.
Contacting a life threatening sickness at a tender age is not welcoming. The Cancer hospital is one such place that you find children who have lost the most precious time in their life to enjoy, play and do mischievous and naughty things like healthy kids of their own age.
The Commercial Bank of Ceylon has announced further reductions in interest rates applicable to the Bank’s Home Loans along with fast-tracked approvals and discounts from selected suppliers of materials and fittings. The Floating Rate has been reduced to 9.5%, while the Fixed Rates have been reduced to 10.5% and 12% for loans up to 10 years and above 10 years respectively, the Bank said.
The awards ceremony and prize distribution of “Roo Siththam”, an all-island, annual, Childrens art competition organized by Fashion Bug was held at the Bishops College Auditorium recently in commemoration of world children's day.
The Central Bank with the concurrence of the Ministry of Finance and Planning issued Guidelines on the ascertainment of cost of acquisition/merger as a qualifying payment and on the claimability of any unabsorbed input credit in terms of the Inland Revenue Act and the Value Added Tax, respectively. These Guidelines are applicable for licensed banks, licensed finance companies and specialised leasing companies and are effective from 01 April 2014.
In keeping with the Government’s ICT policy, the Department of Pensions has launched a Digital Identity Card for Pensioners in partnership with Sampath Bank, a pioneer in technological innovations and one of the key stakeholders in the banking industry that uses state of the art digital technology in providing banking services to its customers.
Ericsson and the National Mobile Service provider, Sri Lanka Telecom Mobitel announced the signing of a memorandum of understanding (MoU) between Ericsson, Open University of Sri Lanka (OUSL) and Mobitel –to deliver Information and Communication Technology (ICT) training to teenage girls from farming communities in Sri Lanka - through Connect To Learn, the global education initiative founded by the Earth Institute, Ericsson and Millennium Promise, which leverages ICT for a 21st century education in developing countries. The Honorable Mrs. Shiranthi Rajapaksa, First Lady of Sri Lanka graced the event in support of the initiative.
BlackBerry Limited (NASDAQ: BBRY; TSX: BB), a global leader in mobile communications, announced today that customers in Sri Lanka are all set to witness the unique smartphone experience from BlackBerry with the launch of theBlackBerry® Z30, BlackBerry® Z3, and BlackBerry® Q5 smartphones, thereby increasing its product portfolio in the region.
Lanka IOC PLC recently came onboard to power the 35th National Conference of Chartered Accountants organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) with a gold sponsorship. This is the first time Lanka IOC has extended its support to the national conference, which is one of the country’s largest corporate events, with an annual participation of over 1200 chartered accountants and business leaders. This year’s conference will revolve around the theme ‘Rethink to Revive’.
The official Cannes Report, the unique resource for the global creative community, is now available online through the Cannes Lions Archive. Asia Pacific’s performance at Cannes Lions has resulted in Australia ranking fifth in the country rankings and Japan taking seventh place. India came just outside the top 10, ranking in twelfth place. Dentsu and Hakuhodo hold the top spots in APAC’s agency rankings, with Y&R Beijing taking third, Leo Burnett Sydney fourth and Colenso BBDO in Auckland fifth. Number one in the Regional Network of the Year was taken by BBDO for the Asia Pacific region.
The Healthcare and Consumer Division of CIC Holdings PLC, has been at the forefront of the healthcare industry in Sri Lanka for decades. Dedicated to saving and improving lives using world-class pharmaceuticals and medical devices, CIC plays a crucial role supporting the health and well-being of Sri Lankans across the island.
Digital technology leader, Samsung Electronics is helping consumers save both energy and money with its range of digital invertor refrigerators. Samsung’s energy saving technology is tried and tested globally and most Samsung’s refrigerators now use state-of-the-art digital invertor technology to reduce their energy consumption by up to 36 percent. As a result, consumers are able to save energy and reduce their electricity bills at the same time.
Eden Resort & Spa kicked off the upcoming festive season with the all-important, traditional Christmas cake mixing ceremony.
This annual ritual was held in the presence of distinguished repeat in-house guests of Eden along with the hotel’s staff members.
The National Mobile Service Provider Sri Lanka Telecom Mobitel in partnership with Sport 1st recently announced the launch of Platinum Awards 2014, an award ceremony benchmarked as the pinnacle of sporting achievements. The Platinum Awards will Reward and Recognize Sri Lankan sports stars for their efforts in keeping the passion of sports alive in the hearts of millions of Sri Lankans.
The 13th SLIM Brand Excellence awards held at the BMICH crowned a truly home grown, community conscious brand, with the bronze award for Brand of the Year for the SME sector. 4Ever Skin Naturals glowed radiantly at the awards show, when the distinguished panel of judges chose them as a champion amongst more than a hundred contenders for the category.
At the recently concluded Spikes Asia Festival of Creativity, TBWA\Sri Lanka walked away with 3 metals and a finalist accolade. The recognition came with a Silver Spike in the Design category for the Vesak Print Ad – “Space to Pray” for AIA Insurance and 2 Bronze Spikes in the Radio category for “Sparks” Electric vehicles. The Finalist was for the Outdoor category for the AIA Insurance Vesak ad.
Micromax, India’s largest mobile handset company and among the highest monthly mobile selling brand in Sri Lanka recently introduced a wide range of new, innovative and affordable Android smartphones to the local market. Upping the ante in the smartphone sector, the new range of smartphones are economically priced and ideal for mobile users to experience the best that Android has to offer.
FlySmiLes, the national carrier’s frequent flyer programme, and Sri Lanka’s acclaimed domestic air services provider, Cinnamon Air, entered into a partnership that allows the FlySmiLes members to earn and redeem miles when flying with Cinnamon Air.
19th International Forestry and Environment Symposium will be held on 24 and 25 of October this year at Araliya Resort and Spa, Sigiriya with the participation of eminent senior scientists of Sri Lanka and around the world, policy makers and industry. This event is the oldest symposium in forestry and environment sectors in the South Asian region and it is annually organised by the Department of Forestry and Environment Science of the University of Sri Jayewardenepura.
Demak Sales & Services Lanka (Pvt) Ltd.’s Jaffna Mega Center was declared open by Ratnalingam Jeyasekaran, President Chamber of Commerce, Jaffna recently. Demak customers in the region can now purchase all 7 models of the Demak range – DZM 200, DTM 150, D- tour, Rino S scooter, Spark and EX and their spare parts at this showroom. Conveniently located at 148, Stanley Road, Jaffna, this outlet is the latest addition to Demak’s rapidly expanding Mega Center network spread across Colombo, Gampaha, Galle, Negombo, Trincomalee, and Batticaloa.
Piramal Glass Ceylon PLC (PGC) has announced its 1st half year results for the Financial Year 2014-15 with a marginal 3% growth in turnover from Rs. 2,476 Million in FY14 to Rs. 2,558 in FY15 with a PAT of Rs. 170 Million as compared to Rs.377 Million in F2014 (which includes a profit of Rs.267Mn from Land sale.).
The positive trend in the domestic market continued during the 2nd Quarter with an increase of 18% being achieved. The quarterly domestic sale was Rs. 1,036 Million as compared to Rs. 875 Million of the similar period of previous year. The export stood at Rs.275 Million for the quarter under review.
When SriLankan Airlines welcomes the first of its six all new A330-300 aircraft on October 31, 2014, the proud Sri Lankan citizens will have the chance of becoming part of that memorable journey. All you have to do is to listen to the radio promotions, aired in all three languages and text the city you wish the aircraft to fly over.
Some of Sri Lanka’s top corporate leaders and well-known foreign experts will steer the technical sessions of the 35th National Conference of Chartered Accountants, where they will share important insights on this year’s theme ‘Rethink to Revive.’
Asian Alliance Insurance partnered with the Pensioners Department recently to host retired government employees for their contribution towards the government sector in view of the Pensioner’s Day which fell on October 9, 2014. At the event His Excellency President Mahinda Rajapaksa presented the Asian Alliance Buhuman Health Insurance Policy to retired Air Force Officer, Sunil Ranasinghe as a token of appreciation for his invaluable contribution towards the country.
The Sri Lanka Badminton Association’s annual flagship event, the National Badminton Championships which is looked forward to by all shuttlers where they vie for national honors, was staged for the second consecutive year out of its traditional location Colombo, at the Jayathilaka sports complex in Nawalapitiya . The organizers of this event had taken the initiative to enliven the contest by conducting the tournament on a grand scale.
First Capital Holdings PLC has announced the appointment of Dilshan Wirasekara as its Chief Executive Officer. An experienced financial services professional, Wirasekara previously held the role of Deputy CEO at First Capital Holdings PLC and brings 18 years of experience in financial services, spanning both debt and equity related businesses.
The National Mobile Service Provider Mobitel has partnered the Chartered Accountants of Sri Lanka (CA Sri Lanka) as the Gold Sponsor of the 35th National Conference of Chartered Accountants for the fourth consecutive year.
DFCC Vardhana Bank (DVB), Sri Lanka’s fastest growing commercial bank expands its network with its most recent branch opening in Welimada, a town in the Badulla district. The ceremonial opening of the new DVB branch took place on Thursday the 16th of October 2014 and was attended by Lakshman Silva, Chief Executive Officer, DFCC Vardhana Bank along with DVB’s senior management and staff.
Citizens Development Business Finance PLC (CDB) recently launched their “Swipe and Win” promotion, which offers weekly cash rewards to its loyal customers. Customers simply had to swipe their CDB branded Visa debit cards in order to stand a chance to win the cash rewards on offer.
Continuously setting the benchmark in the fashion industry, Hameedia, showcased an exclusive fusion power look by the FH collection at the third edition of the HSBC Colombo Fashion Week (CFW) Resort Show 2014 which took place recently at the Jetwing Blue, Negombo. Partnering with HSBC CFW for the last ten years and supporting the HSBC CFW Resort Show since its inception three years ago, Hameedia unveiled its sophisticated and chic men’s collection on the final day of the 2014 show.
NJ Exports was adjudged as the Silver Award winner in the Precious Stones and Jewellery Medium category at the 22nd Annual NCE Awards 2014 organized by the National Chamber of Exporters of Sri Lanka. The award was received by Mr.J.Sasikumaran, Factory Manager at the gala awards ceremony held recently at Hilton Colombo.
Amãna Takaful, the only fully-fledged Takaful operation in the country and the flag bearer of the Takaful way of insurance in Sri Lanka recently introduced ‘Suwasiri’, a health insurance policy designed to give all Sri Lankans peace of mind throughout periods of poor health. This health insurance policy protects individuals and their loved ones in the event of unexpected illnesses and medical emergencies. ‘Suwasiri’ is also designed to ease the financial burden that policyholders experience during times of crisis.
A landmark occasion was celebrated at the Teaching Hospital in Batticaloa earlier this month, when, with the support of Hutchison Telecommunications Lanka (Pvt) Ltd, the hospital launched a Patient Management System designed to provide backup patient records within the hospital. In addition, the system also ensures that patients receive reminders regarding important follow up and vaccination appointments.
The need for landlords, landowners and property investors to generate maximum returns from their assets is becoming increasingly important, and property investment advice is invaluable to attain this. Dwellings Group property investment services cover all areas in Australia and asset types from large scale residential buildings and units to houses in booming outer suburbs.
Ansell, a global leader in protection solutions, today announced the completion of its second bio mass boiler at the Ansell Lanka factory complex in Biyagama. This new boiler is expected to bring significant reductions in energy consumption at the site as well as reduce CO2 emissions. This project is in line with Ansell’s global strategy of increasing its use of renewable energy sources.
Central Bank of Sri Lanka led by Chandrika Rajapakse Winners of the CRIB challenge Trophy 2014 with Ajith Nivard Cabraal Governor Central Bank at the Annual CRIB Six A Side softball Cricket Tournament which was held at P Sara Stadium on 11th and 12th October 2014 with the participation of 39 woman teams from Banking and Non Banking Financial Institutions.
The Pharmaceutical department of CIC’s Healthcare division is creating a significant impact in Sri Lanka’s healthcare sector by providing people with a simple and convenient kidney dialysis product. The peritoneal dialysis product distributed by CIC Pharmaceuticals is the only dialysis treatment of its kind available in Sri Lanka. The product is developed by Baxter USA, a global healthcare company with expertise in medical devices, pharmaceuticals and biotechnology.
Serendib Engineering Group (SEG) announced its partnership with leading Swiss cabling solutions company, Reichle De Massari (R&M), at a glittering ceremony at The Kingsbury recently where the R&M product range was officially launched in Sri Lanka.
R&M, a company which celebrated its 50th anniversary this year, commemorated its inauguration which commenced with the introduction of a revolutionary telephone outlet in 1964. Since then the Swiss based company has remained true to its innovative roots constantly delivering new solutions to the communications industry.
Effectively moulding students to take on the corporate world for over a decade, SLIIT celebrates 15 years of academic excellence, recording an impressive growth in student population, academic programmes and prestigious foreign university partnerships. Affirming its status as the leading degree awarding institute in the fields of IT, Business and Engineering, SLIIT was ranked by LMD as the number one institute in Higher Education in 2013.
Habitat for Humanity Sri Lanka (HFHSL) calls on corporates to help improve life conditions in the country with a special focus on those who live in dilapidated housing, encapsulated in this year’s World Habitat Day theme “Voices from Slums”. HFHSL is a registered NGO whose mission is to provide simple, decent and affordable housing to people in need.
4Ever Skin Naturals (Pvt) Ltd, the leading herbal based cosmetics manufacturer bagged yet another promising ‘National Level Award’ at the recently concluded “The Achiever Awards’ being offered towards Industrial & Service excellence companies’ by the Ceylon National Chamber of Industries (CNCI), which was remarkably held at the Cinnamon Grand Hotel.
McLarens Lubricants Limited, Sole Distributor for ExxonMobil in Sri Lanka, partnered the Colombo Motor Show 2014 as the official lubricants partner. Organized for the seventh consecutive year the Colombo Motor show is regarded as the country's most popular motor and motor accessory exhibition. The exhibition will be held from the 16th-19th October at the Sirimavo Bandaranaike Memorial Exhibition Center, Colombo.
A fortnight after Sri Lanka's pride in the International racing arena, EZY Racing finished 5th in the Japanese Rally of the Asia Pacific Rally Championship, their local motor racing team stamped their class yet again in the local arena when they bagged 6 wins to stamp their dominance at Katukurunda, competing in the final race for the year. The Black and Red team who have become the cynosure in the motor racing circuit launched their 2015 Car design during the race weekend by introducing a touch of white back to the car, thereby providing the team a uniformed outlook both locally and Internationally.
IWS Aviation (Private) Limited commences domestic helicopter charter operations in Sri Lanka.With the immediate commencement of commercial helicopter operations, IWS Aviation will manage charter services with their Bell 206 B3 Jet Ranger helicopter from their operational base at Ratmalana Airport. The initial roll out of Heli chartered services has the capacity to seat 4 passengers with air conditioned comfort.
Commercial Bank’s signature Children’s Savings Account ‘Arunalu’ partnered with ITN by sponsoring a fun filled event for children at the Leisure World Theme Park at Kaluaggala, Hanwella to recognise and reward youngsters in commemoration of World Children’s Day on Wednesday, 1st October.
Dell today unveiled its most advanced and easy-to-manage portfolio of PowerEdge servers, designed to help customers worldwide address and optimize the evolving spectrum of application and workload requirements. The Dell PowerEdge 13th generation server portfolio features customer-inspired engineering built to optimize price performance for the widest range of web, enterprise and hyper scale applications, and features state-of-the-art advancements in storage, processing and memory technology coupled with industry leading systems management capabilities.
The National Enterprise Development Authority (NEDA) in collaboration with the Hambantota District Chamber of Commerce (HDCC) with the support of Chambers of Commerce in Galle and Matara organized the Southern Province Entrepreneur Awards Ceremony on the 30th September at Sanaya Mansion Hotel in Matara. The event was designed to encourage the business community in the Southern province to improve their standards of business practices and to achieve a high level of entrepreneurship. With the request of NEDA , HDCC managed the whole process to select winners and to organise the award ceremony.
Central industries PLC, the renowned manufacturer of pipes and fittings recently ventured into latest technology of portable water distribution utilizing PE (Polyethylene) technology to produce water pipes for the National Water Supply and Drainage Board. The first batch of more than 18 kilometers of PE water pipes was delivered to the National Water Supply and Drainage Board recently.