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Silmy Ahamed Appointed CEO of KBSL
21-October-2014

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.

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SLIIT Bags Gold and Bronze Awards at NBQSA 2014
21-October-2014

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.

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Sri Lankan stocks end lower; budget, earnings awaited
20-October-2014 Reuters

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.

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All-new Bath Store to meet every conceivable bath requirement
20-October-2014

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.

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HAYLEYS AGRICULTUTRE WINS ANOTHER GOLD AT NCE AWARDS 2014
20-October-2014

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.

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Altair targets Australian market
20-October-2014

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.

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The First Ferry eyes Sri Lanka
19-October-2014

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.

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65 Commercial Bank branches to operate on Deepavali Day
18-October-2014

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.

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SME Factors to expand operations to Sri Lanka
18-October-2014

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.

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Sri Lankan stocks close lower on profit-taking
18-October-2014 Reuters

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.

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Sri Lankan stocks slip, led by banks
16-October-2014 Reuters

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.

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SLIIT 'RoboFest 2014' Concludes in Style
16-October-2014

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.

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Amana Asset sets up Corporate Real Estate Services Unit
16-October-2014

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.

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Ford Builds on Promise of Global Service Standards in Sri Lanka
16-October-2014

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.

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Melsta Regal Finance Ltd  celebrates two years of vibrant success
16-October-2014

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.

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Mercantile Volleyball Tournament 2014 Finals on 26th Oct at SL Youth Indoor Stadium
15-October-2014

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.

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IFN Forum collaborates with Amãna Bank for the third consecutive year
15-October-2014

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.

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Sri Lanka’s North and East bids ‘Vanakkam’ to Mahapola Lotto
15-October-2014

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.

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Jiffy Products wins Gold at NCE Export Awards 2013 for 2nd consecutive year
15-October-2014

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.

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Asiri Laboratories celebrate 3 decades of leadership, excellence
14-October-2014

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.

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Oman Air is Readers’ Choice at Saveur’s Culinary Travel Awards
13-October-2014

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.

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Unilever Sri Lanka launches 'SPARKS' Student Ambassador Programme
13-October-2014

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.

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Sri Lankan stocks fall to near 4-wk low on profit-taking
13-October-2014 Reuters

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.

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Hublot and Ferrari unveil the all new Big Bang Ferrari 2014 watches
13-October-2014

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!

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OMEGA  CELEBRATES THE DE VILLE BUTTERFLY IN SEOUL WITH NICOLE KIDMAN
13-October-2014

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.

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Pensioners can now receive their Pension Disbursements through Mobitel mCash
11-October-2014

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.

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Central Bank requests Banks to reduce Pawning Advances Interest Rate to 12 Percent
10-October-2014

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.

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Sri Lanka's Jan-Sept FDI up 49 pct y/y; eyes $2 bln goal for 2014
10-October-2014 Reuters

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.

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Sri Lankan rupee weaker on imports; suspected cbank move caps fall
10-October-2014 Reuters

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.

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Sri Lanka lifts temporary ban on some Fonterra product sales after tests
10-October-2014 Reuters

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.

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Elephant House continues to shine at NCE Awards
09-October-2014

Elephant House, one of the country’s most cherished brands, received the Silver award in the Medium category for the Confectionery and Beverage sub sector within the Industry Sector at the 22nd annual National Chamber of Exporters Awards (NCE Awards) recently. This marks the 6th occasion that Elephant House has been recognized at this prestigious forum for its continued contributions to the Sri Lanka’s export earnings.

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Sri Lankan stocks end weaker amid profit taking
09-October-2014 Reuters

Sri Lankan  stocks  fell marginally on Thursday, moving further away from their near three-and-a-half-year high hit last week, amid profit-taking in blue-chips such as Ceylon Tobacco Company Plc and John Keells Holdings Plc. The main stock index ended 0.13 percent, or 9.93 points, weaker at 7,386.08. It had hit its highest close since May 31, 2011 on Friday.

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Wishing Light Project Sees Public Come Together To Give Sight To The Visually Impaired
09-October-2014

In order to commemorate World Sight Day which falls on October 9th, Janashakthi Insurance is stepping forward in partnership with the Eye Care Foundation to assist in sight restoration. Janashakthi employees together with friends and business partners will proceed to the Vihara Maha Devi park on October 9 to light oil lamps for the “Wishing Light” project. Supporters can purchase the oil lamps by making a donation from Rs. 20 upwards. The proceeds from the sales of the lamps will go towards the Eye Care Foundation, which carries out vital work in restoring sight with Janashakthi's support.

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Sri Lanka’s first TIA-942 certified Data Center Design Consultant and Internal Auditor
09-October-2014

The Telecommunications Industry Association's (TIA) TIA-942 Telecommunications Infrastructure Standard for Data Centers is the first standard to specifically address data center infrastructure. It covers the Telecommunications, Electrical, Architectural, and Mechanical (TEAM) Infrastructure of a Data Center.

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Multi Finance goes green with ‘Go Green’ hybrid car promotion
09-October-2014

In a time where trends are changing and more people are resorting to hybrid vehicles which are environmental friendly and most importantly economical compared to fossil fuel driven automobiles, Multi Finance is also encouraging its clients to shift from conversional vehicles to hybrid vehicles under the theme of “Go-Green”. Multi Finance being one of the key players in Sri Lanka’s financial sector is introducing “Go-Green” campaign to encourage green technology among Sri Lankan society.

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Children flock to Odel for ‘The Whale Song’ on World Animal Day
08-October-2014

Eager children turned up in large numbers at Odel on World Animal Day (4th October) to show their enthusiasm for whales by participating in a series of fun events organised by the fashion retailer to promote responsible whale watching.

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Give Life a Hand to Save Children’s Lives!
08-October-2014

Dettol is calling on members of the public from across the world to upload a #handfie of their clean hands to social media and show their support for its new global campaign, Give Life a Hand, which aims to combat needless deaths from diarrhoea and save children’s lives.

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Noritake wins Gold at NCE Awards
08-October-2014

Noritake Lanka Porcelain Pvt Ltd (NLPL) recently won a Gold Award in the Extra Large Category at the prestigious National Chamber of Exporters Awards. This comes hot on the heels of the Silver Award it won in the ‘Large Manufacturing’ category at the National Productivity Awards last month.

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Even single number picks now win with Mahapola Lotto
06-October-2014

Mahapola Lotto, the new lottery offering never before seen weekly grand prizes of up to Rs. 150 million, has shaken up the Sri Lankan lottery market yet again by issuing a ticket free to customers getting even a single winning number from current M Lotto ticket picks.

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Lanka Hospitals Kidney Care Centre surpasses 600 kidney transplants
06-October-2014

The Lanka Hospitals Kidney Care Centre today announced that it has successfully completed over 600 kidney transplants. The Kidney Care Centre, which has an exclusively dedicated team, has been marking significant milestones year on year since the centre’s inception in 2002. Due to the high quality of service offered by the centre, demand has been increasing exponentially and last year saw the centre perform 99 kidney transplants.

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Hayleys Free Zone to take Sri Lanka’s Logistics Industry to the next level
05-October-2014

Hayleys Free Zone opened its doors for business recently, with a ceremonious opening held at its new facility located within Zone 1 of the Katunayake Export Processing Zone. The first phase, once fully developed, will offer a sprawling 170,000 sq. ft.  warehouse for foreign and local companies to carry out entrepot trade, where merchandise can be imported and re-exported tax free.

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GSK empowers effort to create a safe community for children in Sri Lanka
05-October-2014

Statistics indicating that only 38.5 per cent of Sri Lankan victims of child abuse lived in a protective environment have prompted GlaxoSmithKline Pharmaceuticals (GSK), the leading supplier of pharmaceuticals and vaccines to the country, to extend its support for a second year to an initiative to safeguard children in Sri Lanka from abuse.

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Kelani Cables PLC conducts ‘Kelani Visura’ for electricians in the North where profound construction work is done
05-October-2014

Kelani Cables PLC, Sri Lanka’s number one brand of electrical and communication cables. The company conducts its workshop ‘Kelani Visura’ (electrical technicians’ golden welfare service) in regard to laying wires in electrical systems for apprentices and technicians throughout the island as a CSR program.

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Pears supports family with new born triplets affected by the drought
03-October-2014

Unilever’s most trusted baby care brand, Pears assisted a family of eight with three newborns in the drought affected village of Halmilaara, Ranchamadama, Embilipitiya recently. Assisted by Deepal Wickramasinghe, Regional Sales Manager of Unilever and his team from the Sabaragamuwa Province, Pears provided much needed food items and baby products for the triplets. The Unilever team also opened back accounts for the new born and will be depositing Rs 500 monthly.

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Commercial Bank to keep 65 branches open on Hadji Festival Day
02-October-2014

The Commercial Bank of Ceylon has announced it will keep 65 branches open for business on Monday, 6th October, declared a Public and Bank holiday on account of Id-Ul-Alha (Hadji Festival Day).

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Trade your old dongle for a brand new Airtel dongle for FREE!
02-October-2014

Bharti Airtel Lanka, a subsidiary of Bharti Airtel, a leading global telecommunications services provider with operations in 20 countries across Asia and Africa recently announced their latest offer; the Dongle Trade. The promotion enables one to trade any dongle for a brand new Airtel dongle, along with an Airtel Postpaid data plan.

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Golf Hut at the Nuwara  Eliya Golf Club gets a new face
02-October-2014

The ‘Golf Hut’ at the Nuwara Eliya Golf Course recently underwent a metamorphosis at a cost of over two million rupees enabling the club to strengthen its feature-rich package. The Nuwara Eliya Golf Club celebrated its quasquicentennial - its 125th anniversary in other words - with great fanfare in August this year.

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Jetwing Hosts 3rd edition of the HSBC CFW Resort Show in Negombo
02-October-2014

Jetwing Blue and Jetwing Beach will be the official host hotels for the third edition of the HSBC Colombo Fashion Week (CFW) Resort Show 2014. The highly anticipated fashion event will take place from the 1 to 4 October 2014 and will feature a variety of talented designers.

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Launch of “Be the Change” campaign
01-October-2014

The “Centre for Sustainability” (CFS) an ancillary body of the Department of Forestry and Environmental Science of the University of Sri Jayewardenepura together with their private sector partners and sponsors, launched the “Be the Change” campaign with a focus of making Sri Lanka a “Greener and Cleaner” place for the future.

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Emirates SkyCargo Strengthens Dubai’s Multi-Modal Logistics Hub
21-October-2014

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.

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The Coffee Bean and Tea Leaf reaffirms USD 5 million commitment in Sri Lanka
21-October-2014

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. 

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Ceylinco Life receives Charter for its own Toastmasters Club
21-October-2014

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.

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"Truecaller blocks and identifies over 7 million unwanted calls per day, globally"
- Kari Krishnamurthy

20-October-2014

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.

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The Sri Lanka Institute of Credit Management to host 18th Annual Convocation
20-October-2014

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.

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Airtel propels the 41st Royal – Thomian Regatta
20-October-2014

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.

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Brandix i3opens new ‘Innovation Center’ in Rochester, Minnesota, USA
20-October-2014

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.

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“SriLankan and SLNSS seal a ground breaking Collective Agreement – Employees to play a dynamic role in productivity, value addition”
19-October-2014

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.

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Regus introduces benefits for collaborative workspaces for Sri Lanka companies
19-October-2014

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.

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Arpico opens ‘Daily’ outlets at Kaduwela, Ja-Ela & Mathugama
18-October-2014

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.

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Executive Chairman of the Franklin Templeton Investment Group paid a courtesy call on Governor CBSL
18-October-2014

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.

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FOUR IDEAS SELECTED AS WINNERS OF THE FOURTH CANNES CHIMERA CHALLENGE
18-October-2014

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.

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EXIM Bank Malaysia impressed by Sri Lanka’s economic performance and Vision 2020
16-October-2014

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.

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CA Sri Lanka’s 35th National Conference of Chartered Accountants – A stepping stone to develop business leaders to be the Catalyst of Change
16-October-2014

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.

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The ‘My Friend’ project continues to touch the lives of Sri Lankan children
16-October-2014

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.

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SAYERLACK CELEBRATES 60 YEARS OF INNOVATION
16-October-2014

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

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Carsons Management Services and International Distilleries on board as CA Sri Lanka training partners
16-October-2014

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.

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Janashakthi forges ahead with new products as it celebrates two decades of excellence in Protection in Life Insurance
16-October-2014

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.

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CEAT Racing takes top honours at Rotherham Circuit Meet
15-October-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.

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DMS Electronics partners with Ingenico Group in Sri Lanka & Maldives
15-October-2014

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.

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Melinchimunai revived by Commercial Bank’s gift of drinking water supply facility
15-October-2014

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.

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SriLankan carries the 100,000th tourist from China to the island
14-October-2014

Achieving yet another milestone in Sri Lanka’s history of commercial aviation, the national carrier, SriLankan Airlines recently  brought the 100,000th tourist from China into the island.

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TBWA Sri Lanka and PHD Sri Lanka in ‘BIG’ initiative for Elder’s Day
14-October-2014

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.

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EUROBEST FESTIVAL PROGRAMME TO CREATE DEBATE
13-October-2014

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.

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Footballing Giants Real Madrid and AC Milan to Kick Off in Dubai this December
13-October-2014

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.

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Mindshare’s Seninda and Supun win media award at Young Spikes Asia
13-October-2014

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.

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Huawei becomes the first Chinese company to rank in Interbrand's Top-100 Best Global Brands of 2014
13-October-2014

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.

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Glitz glitters the children’s ward of The Cancer Hospital
13-October-2014

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. 

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Commercial Bank slashes interest rates on Home Loans
13-October-2014

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.

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Fashion Bug Honours little artists of Sri Lanka at Roo Siththam 2014
13-October-2014

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.

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The Central Bank issues Guidelines on Tax Incentives to Promote Financial Sector Consolidation
11-October-2014

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.

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In partnership with Sampath Bank Department of Pension launches a Digital Identity Card for senior citizens
10-October-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.

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Empowering girls in Sri Lanka through Connect to Learn: Ericsson partners with Mobitel and Open University of Sri Lanka
10-October-2014

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.

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BLACKBERRY LAUNCHES ITS BLACKBERRY 10 SMARTPHONE RANGE IN SRI LANKA
10-October-2014

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.

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Lanka IOC onboard to power 35th National Conference of Chartered Accountants
10-October-2014

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’.

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THE CANNES REPORT 2014 - OFFICIAL CANNES LIONS RANKINGS NOW AVAILABLE
10-October-2014

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.  

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Pioneering Eco Safari Lodge first to be BiodiversityConscious®
09-October-2014

A ground breaking milestone in the eco tourism industry took place recently when the Palpatha Eco Safari Lodge, became the first of its kind in the industry to be certified as a BiodiversityConscious® Lodge. The certification issued by The Carbon Consulting Company, was based on the camp meeting the requirements of the BiodiversityConscious® guidelines developed by the company, to recognize entities that go out of their way to ensure the protection and enhancement of their surrounding biodiversity, which is very often compromised by the entity’s operations.  To meet these rigourous requirements demanded that Palpatha submit to an independent biodiversity assessment by CCC, with independent validation carried out by its external consultant.  The assessment quantified the species and faunal biodiversity that encompassed the Lodge. 

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Brandix supports ‘National Safety and Health Conference’ for 5th consecutive year
09-October-2014

The Brandix Group has extended its support to the 2014 National Occupational Safety & Health Conference organised by the National Institute for Occupational Safety and Health (NIOSH) as part of this year’s National Safety Week programme. This is the fifth successive year that Brandix is playing the role of Main Sponsor of the programme, and the seventh time overall that the Group is supporting events conducted for the National Safety Week initiative.

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Janashakthi Introduces Revolutionary Education Policy With Mercury Institute
09-October-2014

Janashakthi Insurance has tied up with Mercury Institute in order to offer a revolutionary product in the field of education. Under the terms of this unique policy, a one-off payment for tuition and exam fees will be paid from Janashakthi to Mercury Institute.  Mercury Institute of Management, established in 2001, is synonymous with quality tertiary tuition and unparalleled excellence. Mercury is a recognised tuition provider for ACCA, CIMA, CFA and the University of London Degrees.

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Multi Audio Visual launches new range of  US Mackie® Products in Sri Lanka
09-October-2014

Multi Audio Visual,  a leading sound systems a PA systems provider, announced the launch of the latest Mackie® products in Sri Lanka, a leading developer and marketer of high-quality, affordable professional audio systems based in the USAs. The launch ceremony was held at Taj Samudra Hotel Colombo, under the patronage of Rohan Smith Sales Director Asia Pacific LOUD Technologies Inc. and Raymond Tee -  Mackie Product Specialist, Tilak Arunasiri - Managing Director, Multi Audio Visual, Priyantha Lokuhapuarachchi - Imports Manager, Multi Audio Visual, Harsha Thepulangoda - Marketing Manager of Multi Audio Visual, Gayan Subasinghe - Installation Manager, Ajith Weerasekara - Operations Manager of Audio Vision Trading and over 200 invitees from the Sri Lankan entertainment industry.

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Truecaller supports Canfi 2014 - walk against cancer
09-October-2014

Truecaller, world's largest verified mobile phone community came forth as a sponsor for the Canfi 2014-walk against cancer awareness program held recently in Colombo. Hundreds of youth paraded the streets of Colombo spreading awareness about the disease. The Truecaller Brand Ambassadors  in the picture had the opportunity to take the message of Truecaller and its value to the participants through promotions and community engagement activities.

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Tea Exporter’s Association holds AGM
08-October-2014

The Tea Exporters Association held its 15th Annual General Meeting at the Cinnamon Grand on 3rd October 2014. The event was graced by the Minister of Plantation Industries Hon. Mahinda Samarasinghe while the Guest of Honour was Mr. Muru Murugappan - Vice Chairman, Murugappa Group of India.

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99X Technology wins gold at 22nd NCE Awards
08-October-2014

99X Technology was lauded for its notable contribution to the Sri Lankan economy through the export of high quality software product engineering services, when it cinched a Gold Award in the Export of Business and Professional Services Sector (large category) at the 22ndNational Chamber of Exporters of Sri Lanka's Export Awards for 2013.

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Asian Alliance Insurance PLC ties up with Senaratne Insurance Brokers (Pvt) Ltd
08-October-2014

Asian Alliance Insurance PLC recently entered into an agreement with Senaratne Insurance Brokers (Pvt) Ltd to introduce a product called Total Life Plan to its valued customers in Sri Lanka. The Memorandum of Understanding in this regard was signed  by Ramal Jasinghe , the Director/CEO of Asian Alliance Insurance PLC and Mr Nihal Senaratne, the Chairman  of Senaratne Insurance Brokers (Pvt) Ltd.

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Commercial Bank ranked ‘The Strongest Bank in Sri Lanka’
06-October-2014

The Commercial Bank of Ceylon has added another prestigious international accolade to its collection, being adjudged ‘The Strongest Bank in Sri Lanka in 2014’ by The Asian Banker, a leading provider of strategic intelligence on the financial services industry.

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Fashion Bug makes a lasting Fashion Statement at Serenade
06-October-2014

Lanka's premier fashion retail store Fashion Bug showcased a dazzling collection of sarees along with a western wear line at Kaleidoscope on Sunday, 7th July 2013 at The Stables- Park Street Mews. The event was graced by many of Colombo’s fashionistas, among a 375 audience that turned up. Fashion Bug was one of the main sponsors of the event showcasing 3 exclusive lines: the dazzling glam saree collection featuring worked, cut worked and embellished sarees, a trendy printed saree collection featuring classy everyday wear and a western wear collection that included corporate wear, comfy casuals, evening wear and resort wear.

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ICC Umpires have a successful ‘innings’ at Emirates Cabin Crew Training
05-October-2014

 

Ahead of the ICC Cricket World Cup 2015, the members of the Emirates Elite Panel of ICC Umpires and Match Referees had a successful ‘innings’ at the Emirates Aviation College – Crew Training facility, during their training in Dubai last week. Drawing parallels between the qualities required by Cricket’s elite match officials and Emirates cabin crew such as leadership, teamwork, attention to detail and a passion for excellence, the training college provided a unique back-drop to bring these elements to life.

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CA Sri Lanka states Chartered Accountants play an important role in building bridges between the Inland Revenue Department and tax payers
05-October-2014

In response to a recent newspaper article the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has written a letter to the Acting Commissioner General of the Inland Revenue Department refuting the allegations against Tax Consultants. In a letter addressed to Ms. R.M.R.W. Manchanayake, Acting Commissioner General of Inland Revenue, President of CA Sri Lanka Arjuna Herath stated that CA Sri Lanka is disturbed by the contents of the article under reference which appears to be based on a communication between a newspaper and the Inland Revenue Department (IRD). The letter further stated that “CA Sri Lanka is understandably disturbed by this news article as majority of Tax Consultants who act as authorized representative are members of the Institute. As such we believe by referring to tax consultants in general in the article, it has brought immense harm to the image of our members practicing as authorized representatives.”

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H Connect becomes the first Sri Lankan BPO company to achieve ISO 27001:2013 certification
03-October-2014

H Connect’s unparalleled standards were recently validated by ISO 27001:2013 certification, making it the first BPO company in Sri Lanka to be certified under the revised standard. The certification was provided following an audit by Det Norske Veritas (DNV). This achievement highlights H Connect’s commitment towards delivering not only the highest quality services but also the assurance of information security that their clients require.

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Hemas Hospital - Wattala conducts an Endoscopic Ultrasound workshop with University of Kelaniya Surgery Department
03-October-2014

Hemas Hospital-Wattala, the flagship hospital of the first internationally accredited hospital chain in Sri Lanka, conducted a workshop on endoscopic ultrasound procedure for the specialist surgeons and gastroenterologists together with the Kelaniya University Surgery Department recently.  Dr. Malay Sharma, Consultant Gastroenterologist / Hepatologist and Head of Endoscopic Services Jaswant Rai Speciality Hospital, Meerut, India, conducted the workshop.

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Entrepreneurs of Anuradhapura enthusiastic about possibility of listing on CSE
02-October-2014

Members of the business community in Anuradhapura showed an avid interest regarding the possibility of raising capital through a listing on the Colombo Stock Exchange (CSE), at a forum held recently to create awareness on the benefits of going public amongst entrepreneurs. The issuer relations forum, held on the 29th of September 2014 at the Heritage Hotel Anuradhapura, which was jointly organised by the Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) in association with the Chamber of Commerce Anuradhapura, saw the participation of over 20 members of the business community from the region.

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Emirates and the Republic of Angola announce strategic airline partnership in respect of TAAG Linhas Aéreas De Angola
02-October-2014

Emirates and the Republic of Angola, in its capacity as the majority shareholder of TAAG Linhas Aéreas De Angola, have announced the signing of a Management Concession Agreement* which will see Emirates take a role in the management of TAAG.  The agreement lays the foundation for both airlines to jointly leverage commercial opportunities in Africa and beyond.

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Gateway joins CA Sri Lanka to train Executive Level students
02-October-2014

Gateway Language Centre, a pioneer in the delivery of English Language programmes in the country, recently came on board to train Executive Level students of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). An agreement signed recently by Mr. Arjuna Herath, President of CA Sri Lanka, and Dr. Harsha Alles, Chairman of the Gateway Group of Organisations makes way for Gateway to be the principal teaching provider for students of the Executive Level who are following the ‘Communication and People Skills’ course, which is part of CA Sri Lanka’s new curriculum which will come into effect from next year.

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Top corporates in Lanka’s first industrial energy push
02-October-2014

Several top Lankan manufacturing firms have been enlisted in the first ever industrial energy initiative as announced on 25 September. As a result of the success, a second manufacturing energy initiative is now being mulled. And, Ceylon Electricity Board is slowly ‘getting off’ from expensive oil powered generation! “As our industries were affected during last year’s power price hikes, to support them my Ministry has launched Sri Lanka’s first ever Industrial Estate Energy Efficiency Programme recently.

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Mobitel Powers LBR LBO CEO Forum as Title Sponsor
02-October-2014

The National Mobile Service Provider Mobitel partnered Vanguard Business Mediaas the title sponsorof the 58th LBR LBO CEO Forumunder the theme, Be a digital disruptor or be disrupted!’ a few days ago where a host of top corporate senior representatives and entrepreneurs from various industries took part in a discussion on the impact of digitalization in businesses.

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SriLankan Airlines’ athletes at the Asian Masters Athletics Championship
02-October-2014

A group 13 SriLankan Airlines’ award-winning athletes were among the team of 100 that represented Sri Lanka in the 18th Asian Masters Athletics Championship held at Kithakami, Japan with the participation of over 18 countries. Out of 13 athletes, veterans Lanil Kulathunga, Deepthi Fernando, Susantha Mawela and Gerald Gunasekara made it to the Top Eight of their respective events; Javelin throw, High Jump and 5000m- Race Walk, which won them Diploma Certificates for their participation.

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Mobitel hosts eventful day for orphanage in view of World Children’s Day
01-October-2014

Mobitel in a special CSR initiative would host an eventful day complete with entertainment, food and gifts for 350 children in an orphanage in Killinochchi in view of World Children’s Day. The Mobitel team would lend a helping hand on October 04th, to support the children of the Mahadeva Achchirama Children’s Home who would receive an opportunity to watch the 3D cinema screening of the animated movie ‘Frozen’, at the Cargills complex in Jaffna followed by lunch and refreshments.

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Demak Scales up Operations in North with Launch of Jaffna Mega Center
21-October-2014

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.

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Piramal Glass Ceylon closes its Half Year with a Turnover of Rs. 2,558 million & PAT of Rs. 170 million
20-October-2014

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.

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Text the flight path of SriLankan’s new A330 and win exciting prizes
20-October-2014

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.

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Renowned local and foreign experts to share insights at 35th National Conference of Chartered Accountants
20-October-2014

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.’

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Asian Alliance Buhuman partners National Pensions Day Celebration with the Department of Pensions
20-October-2014

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.

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Fashion Bug proud sponsor of Yonex Sunrise 62nd National Badminton Championship 2014
19-October-2014

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.

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First Capital Holdings PLC Announces Appointment of Chief Executive Officer
19-October-2014

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.

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Mobitel, Gold Sponsor of 35th National Conference of Chartered Accountants
18-October-2014

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.

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DFCC Vardhana Bank opens fully fledged branch in Welimada
18-October-2014

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.

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CDB Offers Cash Rewards With “Swipe and Win” Campaign
16-October-2014

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. 

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Hameedia showcases its collection at HSBC CFW Resort Show 2014
16-October-2014

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.

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NJ Exports wins NCE Award
16-October-2014

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.

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Amãna Takaful introduces ‘Suwasiri’ - the most affordable health Insurance policy available in Sri Lanka
16-October-2014

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.

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Hutch enables Patient Management System at Teaching Hospital in Batticaloa
16-October-2014

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.

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Dwellings Group – Australian Property Investment for Sri Lankan investors
15-October-2014

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.

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ANSELL ANNOUNCES COMPLETION OF SECOND BIOMASS BOILER IN SRI LANKA
15-October-2014

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.

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Central Bank wins CRIB Challenge Trophy 2014
14-October-2014

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.

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CIC’s Life - Saving Kidney Dialysis Product
14-October-2014

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.

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Serendib Engineering Group introduces Reichle De-Massari
13-October-2014

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.

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SLIIT Celebrates 15 Years of Academic Excellence
13-October-2014

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.

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Habitat for Humanity calls on corporates with a conscience
13-October-2014

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.

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4Ever at it again! Bagging an Achiever Award at the CNCI Awards
13-October-2014

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.

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MOBIL  powers Colombo Motor Show 2014 as official lubricants partner
13-October-2014

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.

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Sajaad completes hat-trick again for EZY Racing
13-October-2014

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. 

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IWS AVIATION LAUNCHES EXCLUSIVE DOMESTIC HELICOPTER CHARTER SERVICES
10-October-2014

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.

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Commercial Bank marks World Children’s Day 2014 with ‘Arunalu’
10-October-2014

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.

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Dell Introduces its Most Advanced Server Portfolio to Address Broadest Range of Business Computing Needs
10-October-2014

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.

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NEDA spotlight on south best entrepreneurs
10-October-2014

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.

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Central Industries PLC adapts PE technology to make water-pipes
09-October-2014

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.

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Registrations open for the Cambridge Schools’ Conference 2014
09-October-2014

Registrations are now open for the Cambridge Schools Conference, an annual conference attended by Cambridge teachers from across the globe. The conference will be held at Northshore College of Business and Technology, Colombo from 3-5 December 2014, under the theme Inspiring teaching, inspiring learning. It will explore the methodologies and best practices to promote inspiring classroom practice.

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Tony Udagedara wins 5th Oman Air Golf Classic 2014
09-October-2014

The fifth consecutive Oman Air Golf Classic 2014 was worked off on 4 and 5 October at the Victoria Golf and Country Resort in Digana, Kandy with Tony Udagedara emerging as the overall winner of the Oman Air Trophy and Vidush Rajendran emerging as the runner-up of the tournament.

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SLICM optimistic about Micro Credit Management Programme
09-October-2014

The Sri Lanka Institute of Credit Management (SLICM) the only institute which offers credit management education in Sri Lanka, opened its registrations for the October intake for the Micro Credit Management Programme, which was recently launched by the institute. SLICM was initiated as a pioneering education project which intended to fill a vacuum in the leasing and finance related companies in Sri Lanka.

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Check in with your Passport to a Seafood Feast at The Manhattan FISH MARKET
09-October-2014

Award winning popular restaurant chain The Manhattan FISH MARKET Sri Lanka, announced its ‘Passport to Seafood Feast’ promotion this month. Diners can indulge in the one of a kind sea-lection of eight great offers as part of the promotion. The its ‘Passport to Seafood Feast’ promotion will be available at The Manhattan FISH MARKET, Kollupitiya and Rajagiriya branch for dine in only where customers can indulge in a variety of their favourite dishes from its menu. Offering fin-tastic savings the promotion is valid until the 15th of December.

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Amãna Takaful rewards children to celebrate World Children’s Day
09-October-2014

Amãna Takaful PLC, the only fully-fledged Takaful operator in the country and the flag bearer of the Takaful way of insurance in Sri Lanka, recently held a draw for its Adhyapana and Edukate policy holders to celebrate World Children’s Day under the theme “Protect us with love”. The Chief Guest at the draw was Ms. Husni Hussain, Registrar of the South Asian Institute of Technology and Medicine (SAITM) and Chairperson of Ilma International School.

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USL shines on the international stage at SHRM India HR Awards
08-October-2014

Unilever Sri Lanka’s HR Team was celebrated as being amongst the best in HR across South Asia and Middle East by the Society for Human Resource Management in India. The team received Special Recognition at the recently held SHRM HR Awards 2014 held in Gurgaon, India, in the award category “Excellence in Human Resources – South Asia & Middle East (excluding India)”.

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Celebrating 15 Years of Excellence: SLIIT Rallies for a Worthy Cause
08-October-2014

Over thousand students, faculty and administrative staff from SLIIT, the largest degree awarding institute in Sri Lanka, rallied together on the 14th of September to raise funds to upgrade the computer labs of six schools in the Sabragamuwa province.  Themed 'Celebrating 15 years of Excellence', this 5km charity walk from Viharamahadevi Park was organized by the  Student Interactive Society (SIS) of SLIIT.

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Sri Lankan Students Exceed Global Average at Edexcel International Advanced Level Examinations
08-October-2014

David Crowther, the Director of International Products and Global Partnerships, Pearson Qualifications International, UK was here in Sri Lanka to conduct a series of presentations at the Pearson Edexcel Education Forum for Principals, teachers, parents and students on International Advanced Level and progression opportunities for further education. One of the key highlights made by David was the higher performance of Sri Lankan students exceeding the Global average.

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Emirates to grow services to Milan with introduction of A380
06-October-2014

Emirates, a global connector of people and economies, will grow its services to and from Milan with the upgrade of one of its daily Boeing 777-300 services to an A380 from 1st December. This will be the first ever permanently scheduled A380 service to Milan Malpensa Airport.

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Softlogic to launch latest enterprise solutions at Dell Solutions Tour 2014
06-October-2014

Softlogic Information Technologies, one of the premier ICT companies in Sri Lanka and a pioneering subsidiary of Softlogic Holdings, is set to showcase its leadership and industry competence at the first ever Dell Solutions Tour organized by Dell Sri Lanka on the 7th of October 2014 at the BMICH.

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SML Frontier Automotive on the ramp at CFW with capsule collection ‘Conscience’
05-October-2014

SML Frontier Automotive (Pvt) Ltd, sole agents for Land Rover, showcased their capsule collection which was launched at CFW - Resort Wear 2015 under the label “Conscience”, to an appreciative audience at the Jetwing Blue Hotel.

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NOLIMIT joins “National Children’s Day” celebrations at Dehiwala Zoo
05-October-2014

NOLIMIT, the biggest fashion chain in Sri Lanka, joined hands with the National Zoological Gardens-Dehiwala for the second consecutive year to celebrate The National Children’s Day fell on the 01st October, 2014 in a grand scale.

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Agarwood investor awareness imperative to avoid exploitation warns Sadaharitha
05-October-2014

Aromatic Agarwood is prized among the world’s most valuable woods. Agarwood as a fragrance is used today in creating some of the world’s most expensive perfumes. It is also used for its medicinal properties and popular in Middle Eastern countries as incense and for oils.

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Samsung Launches New Digital Plaza in Wattala
03-October-2014

Digital technology leader, Samsung Electronics recently expanded its network in Sri Lanka, by launching the new Samsung Digital Plaza in Wattala. The plaza is the first of its kind in the growing city of Wattala and showcases Samsung’s high-end range of consumer products. The Samsung Digital Plaza in Wattala was launched in collaboration with one of Sri Lanka’s leading conglomerates, Softlogic Retail Ltd. The grand opening of the plaza was attended by senior management from Softlogic and Samsung including H.K. Chang, Managing Director, Samsung Electronics India - Sri Lanka Branch Office, Nasser Majeed, CEO, Softlogic Retail and P. Nirmalan, Commercial Director, Softlogic Retail.

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Sri Lanka to hold a Capital Market Conference
02-October-2014

The Colombo Stock Exchange (CSE) in collaboration with the Securities and Exchange Commission of Sri Lanka (SEC) will host a Capital Market Conference in Sri Lanka on Thursday the 9th of October 2014. The event is scheduled to be held at the Cinnamon Lakeside Hotel in Colombo. His Excellency the President Mahinda Rajapaksa will inaugurate this conference.

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Turning Miles into Smiles at the HSBC CFW Resort Show 2014
02-October-2014

A week of glitz and glamour showcasing the best of Sri Lankan fashion design is complemented this year with Malkey RentA-Car as the official transport provider for the HSBC CFW Resort Show 2014. With over 40 years of experience in the business, Malkey Rent-A-Car complements the highly anticipated CFW event with a luxury fleet of vehicles which will be used by CFW’s international invitees including the panel of judges, designers and other VIP guests. 

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Swadeshi Khomba illuminates Sabaragamuwa Maha Saman Devalaya for 13th consecutive year
02-October-2014

The Swadeshi Industrial Works PLC, the market leader in Sri Lanka for herbal personal care products, has sponsored the “Aloka Poojawa” of the historic Sabaragamuwa Maha Saman Devalaya for the 13th consecutive year. Saman Devalaya is the repository for the Sacred Tooth Relic for 11 years in Sri Lankan history (from 1581 AD to 1592 AD).

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Lanka’s biggest southern manufacturing zone gets immediate $460,000 upgrade
02-October-2014

As it prepares for its latest investment wave, Sri Lanka largest industrial zone in South is to receive an immediate infrastructure boost, as revealed on 26 September. And the strategic Zone, is within a mere 30 Km radius of key Southern logistics-the Magampura Harbour and the Mahinda Rajapksa International Airport (MRIA). ”We understand the importance of the strategic location of the BAIZ zone.

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Dhammika Kalapuge launches his new website
01-October-2014

Dhammika Kalapuge, one of the most well-known customer service and inspirational trainers in Sri Lanka and the region, launched his new website recently at The Kingsbury Colombo. This coincided with his most popular programme ‘Lead to Serve’ which was repeated also as a public programme for the third time on the same day. This event was well represented by over 150 participants from nearly 40 leading corporates.

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