SriLankan Airlines, the national carrier of Sri Lanka announced the signing of a long term Maintenance, Repair and Overhaul (MRO) agreement withInterGlobe Aviation Limited (“IndiGo”) , India’s fastest growing low-cost airlines with the largest market share, consisting of a fleet of 78 Airbus A320 aircraft flying 482daily flights to 36 destinations. The agreement, comes into effect from 1 April 2014, and will see SriLankan Airlines’ Engineering Division carry out ‘C’ checks on IndiGo’s entire Airbus fleet.
Aditya, the exclusive all suite luxury boutique hotel located close to Galle, has put together two inviting packages for couples looking for a romantic getaway. Both packages are valid from May to July 2014 and are catered towards local tourists. The first package is the “Double Date” Package which gives 2 couples exclusive discounts on their accommodation and a special rate on a sumptuous five course sit down dinner on the beach, complete with a cocktail concocted by their award winning Barmen. In addition to this, the two ladies can enjoy discounts on manicures and pedicures.
DFCC Vardhana Bank (DVB), the fastest growing commercial bank in Sri Lanka recognized its employees at the Personal Financial Services (PFS) Awards conducted at the DVB Head Office in Colombo. PFS awards were for DVB employees who had contributed to the bank’s growth by championing its Personal Financial Services products which was promoted through an integrated mass media campaign titled ‘Personal Plus’.
The Employees’ Provident Fund (EPF) wishes to state that some media reports which highlight that the EPF has made billions of losses in investing in the stock market is misleading and erroneous. Such losses reported by some media and politicians are not realized losses, but are marked-to market unrealized losses, arising from variations in marker prices of stocks. Therefore these unrealized losses/gains do not increase or decrease the benefits distributed to the members. Such unrealized losses fluctuate widely as is evident from the peak of Rs.20.7 billion unrealized gains on 14th February 2011, when the All Share Price Index was at its all time high, to Rs.9.0 billion unrealized losses at end 2013.
SriLankan Airlines’ FlySmiLes partners Aitken Spence Hotels and Resorts to offer a wide array of exciting benefits to the airline’s frequent flyers. With the new partnership, FlySmiLes members will now have the opportunity to earn and redeem miles for their stays at any Aitken Spence hotel in Sri Lanka.
The Sri Lankan share index hit its highest closing level in more than 10 weeks on Monday, led by blue chips ahead of the central bank's policy rates announcement while retailinvestor interest also helped boost sentiment. The main stock index gained for a fourth straight day and closed higher 0.1 percent, or 6.27 points, at 6,187.03, its highest since Feb. 3.
Samsung Electronics, Sri Lanka’s leading smartphone manufacturer, today announced the commercial launch of the new GALAXY S5 and the Samsung Gear devices – Samsung Gear 2, Samsung Gear 2 Neo, and Samsung Gear Fit. The newly launched devices are ready to be on the shelf in 125 countries including the US, Europe, the Middle East, Latin America, and most Asian markets.
Amãna Takaful recently declared open its new office premise in Ratnapura, the capital city of Sabaragamuwa Province, Sri Lanka and the Ratnapura district. The office was ceremoniously declared open by Mr Fazal Ghaffoor Chief Executive Officer, Amãna Takaful PLC and Mr Reyaz Jeffrey, GM/ Chief Executive Officer, Amãna Takaful Life. Many dignitaries and well wishes from the local business community and customers also graced the ceremonial opening of the branch.
The Sri Lanka rupee was steady on Monday in light trade, a day before the central bank's policy rate announcement, while dealers expect the currency to hold at the current level. The spot rupee was at 130.60/65 per dollar at 0607 GMT, unchanged from Thursday's close. Markets were closed on Friday for a public holiday. Dealers expect the rupee to trade in a range of 130.60-70 in the near future. It has been hovering between 130.55 and 130.70 per dollar since March 3, Thomson Reuters data showed.
Sri Lanka’s non-interest based banking stalwart Amãna Bank has come forward to partnerwith local mountaineer Elmo Francis as he attempts to set a new Sri Lankan altitude record by climbing the South side of Mt Everest. Having climbed an altitude of 6,654 meters onhis previous expedition to Mera Peak (Himalaya region), Elmo will be bidding to reach an altitude of 7,900 meters in this record breaking expedition during April and May 2014.
The Commercial Bank of Ceylon has entered in to an agreement with the European Investment Bank (EIB) to finance Small and Medium Enterprises (SMEs), Energy Efficiency (EE) and Renewable Energy (RE) projects under the EIB SME Green Energy Credit Line extended to the Government of Sri Lanka. The minimum project size eligible for SME financing will be Rs 18 million and Rs 90 million for projects in the Energy Efficiency and Renewable Energy categories, the Bank said. Up to 50% of the project could be considered for financing under this credit line, and beneficiaries can obtain facilities for a longer repayment period and enjoy an attractive lending rate of 8% p.a.
BBDO emerged fantastically victorious at the inaugural APAC Effies, picking up the gong for Agency Network of the Year, with seven of its offices taking home prestigious/significant gongs including Colenso BBDO/Proximity New Zealand being named Agency of the Year. This comes in the wake of BBDO most recently being named the Most Awarded Creative Agency of the Year by The Gunn Report for an unprecedented eight year in a row.
SLIIT recently recognised their top student athletes at their annual Colours Awards ceremony , organised by the Institute's student council. The awards were held at SLIIT's expansive Malabe campus in a colourful ceremony. Mr. Rohan Seneviratne, Additional Secretary Ministry of Defence & Urban Development graced the occasion as Chief Guest. The Guest of Honour was Prof. Ranjith de Silva – Council Member-Badminton World Federation.
The Avurudu celebrations of ‘Ranaviru Sevana,’ the rehabilitation centre in Ragama for disabled war heroes, were supported for the fifth consecutive year by the Commercial Bank of Ceylon. The Bank was the sole sponsor of this event at which disabled soldiers enjoyed a day of fun activities engaging in traditional games. A series of special sporting events were organised for the competitors at this celebration, which was themed ‘Gamata Avurudu.’ The level of participation and competition at these events was high, the Bank said. The Chief Guest at the celebration was the Director General of Rehabilitation Major General Mano Perera.
Upon successful completion of the ISO audit for quality management systems in December 2013, Amãna Takaful PLC was recertified as a service organization in compliance with ISO 9001:2008 Quality Management Systems Standards. Under the recertification, all business facets that are critical to the organization’s functions including Underwriting, Claims, Customer Relationship Management, Human Resources, IT, Marketing & Sales and Finance along with regional offices were audited for compliance for two consecutive days as specified by the ISO norms.
The Commercial Bank of Ceylon has been ranked the third most valuable brand in Sri Lanka in the 2014 rankings compiled by Brand Finance Lanka and published in the LMD Brands Annual for the year. Moving up two places from last year to become the highest ranked private sector brand on this prestigious list amongst all corporate brands in the country, Sri Lanka’s largest private bank has been assigned a brand value of Rs 22.32 billion through an independent analysis by Brand Finance. The Bank has been rated AAA- by Brand Finance Lanka and recorded the highest growth of 47% over 2013 among the top companies listed in the rankings.
Emirates, the global connector of people and places, celebrated the opening of its 35th dedicated lounge at Leonardo da Vinci Airport in Rome. The Emirates Lounge at Leonardo Da Vinci Airport represents a Euro 2.53 million investment on the part of the airline, with the aim to provide a seamless, luxurious travel experience to its premium customers. These include First Class and Business Class customers, as well as Platinum and Gold members of Emirates Skywards - the airline’s frequent flyer programme. This follows the opening of the Emirates lounge in Milan Malpensa Airport in 2013.
The lights went out across Oman Air’s network of 43 international destinations, as Oman Air, the national carrier of the Sultanate of Oman, joined millions of people around the world in marking Earth Hour. Earth Hour is a campaign which was launched by WWF in 2007. It has since grown into a global movement which crowdsources actions from individuals, businesses, organisations and governments to generate environmental outcomes, encouraging innovation and creativity for the planet.
Hameedia, Sri Lanka’s leading menswear brand has dressed the national Sri Lankan Cricket team for decades. The relationship between Hameedia and the Sri Lankan Cricket team started in the 1980s and increasingly strengthened over time. In 1996, Hameedia was named the official clothing partner of the World Cup team and has been dressing Sri Lankan cricketers since. Hameedia is proud to be the official formal clothing sponsor of the winning ICC Twenty20 cricket team and looks forward to dressing Sri Lanka’s cricketing champions for years to come.
Ceylinco Life has donated a portable ventilator to Wards 49 and 47B of the National Hospital of Sri Lanka (NHSL) in response to a request from the Consultant Physician in charge. The portable ventilator is to be used to provide artificial breathing to critically ill patients at these wards and while they are in transit from the wards to the hospital’s Intensive Care Unit (ICU).
Kelani Cables PLC, Sri Lanka’s number one brand in secure electrical and communication cables has honored the company’s outstanding sales person for the previous commercial year with the ‘CEO Award’. This major annual award was initiated for the second time at the Water’s Edge graced by Kelani Cables CEO Mr. Mahinda Saranapala.
Oman Air has triumphed at this year’s TravelPlus Airline Amenity Bag Awards – the fourth year in a row that the national carrier of the Sultanate of Oman has been recognised at this prestigious aviation industry event. The TravelPlus Gold Award for Best First Class Male Amenity Bag was presented to Oman Air at a glittering ceremony in Hamburg, after 120 submissions were considered for 20 categories of the awards.
Asia Capital PLC today announced the infusion of Rs. 400 million into the group by two Japanese investors, brothers Yoshimichi Watanabe and Eiji Watanabe through a private placement. As such, the group has issued 21.33 million fresh shares to both individuals giving them a 16.3% stake in the company. This makes the Watanabe brothers the 2nd and 3rd largest shareholders of Asia Capital PLC. This fresh capital infusion strengthens the Group’s balance sheet as it is now able to clear out a significant portion of its debt. The move also changes the shareholding of the group to be in line with Colombo Stock Exchange (CSE) regulations.
Amãna Bank, Sri Lanka’s first and onlylicensed commercial bank fully disengaged from interest based transactions offers financial solutions for customers to help them switch to solar energyon an effective and affordable monthly instalment scheme.
With Amãna Bank Solar Financing, customers can finance solar systems up to 75% of the value and pay back in monthly installments up to 8 years.
Global Hospitals Group, one of the fast growing, multi super specialty, tertiary care hospital chains in India, with advanced Paediatric Liver Transplantation programs and Paediatric Super Speciality services for Liver/HPB, Cardiacsciences, Gastroentrology, as well as Neurosciences, have once again proven themselves to be trail blazers by successfully performing brain surgery using the method 'Awake Craniotomy'.
Catering to diverse logistical requirements in Sri Lanka for the past ten years, the market leader in 3rd Party Logistics (3PL) solutions, Logiwiz Limited, celebrated this historic milestone recently at a glittering event at The Kingsbury Hotel. The event was graced by a host of distinguished partners, business leaders and decision makers in academia in the presence of the Chairman and management of the Hayleys Group.
Secretary to the ministry of cooperatives and internal trade Mr. G K D Amarawardena has emphasized on the need to regulate pharmaceutical prices through vibrant competition whilst bringing a halt to unhealthy product monopolies.
This important message was included in the secretary’s speech at the 8th annual sales conference of markss HLC(Pvt) Ltd, where he was the guest of honor. He further stressed the need to distribute products in a systematic manner to ensure they reach needy patients throughout the country.
Digital technology leader, Samsung Electronicsis now offering photography enthusiasts a high quality, compact and cost effective camera solution, the new Samsung NX30. The Samsung NX30 is a brand new premium, high performance Compact System Camera that captures high-quality images similar to that of a DSLR. Additionally, the Samsung NX30 is equipped with NFC and Wi-Fi capabilities that use the best ofSMART CAMERA technology to provide the ultimate photography experience.
Another year of high achievement was celebrated when Brandixrecently honoured 50 of the Group’s best-performing employees and supervisors as well as those who had excelled in sports and in the arts at the 2014 edition of its annual celebration of excellence – the ‘RasadiyaMangalya’ or Mercury Festival. The day-long festival of accomplishment in Brandix’s chosen sport – volleyball; in key performance indicators such as efficiency, quality and attendance; in mechanical proficiency and in the arts – singing and dancing, brought together Brandix employees in Sri Lanka, India and Bangladesh in a unique multi-dimensional company event.
Emirates airline will continue to serve all of its worldwide destinations during the 80 day period of runway upgrading works at Dubai International starting 1 May. However, it has had to reduce flights to over 40 destinations, and change timings on some of its flights.
These changes will not impact customers booked to fly between May and July, as the flight schedules have been planned and implemented months ahead of time. Customers or travel agents searching for flight options on Emirates will only see those flights that are available.
Celltick, a global leader in mobile initiated commerce announced today that Mobitel, Sri Lanka’s National Mobile Service Provider, has chosen to deliver a unique personalized customer interface for its Android users based on Start. Start, a next-generation Android interface layer, will enable Mobitel to provide a superior experience to its customer base and offer a range of services that deliver high value to them on the start screen of their smartphone.
Visitors to The Dubai Mall can now connect with aviation like never before, thanks to Emirates airline.
His Highness Sheikh Ahmed bin Saeed Al-Maktoum, Chairman and Chief Executive, Emirates Airline & Group, recently launched the newest Emirates Official Store and the Emirates A380 Experience - the Middle East's first public A380 flight simulator - at the shopping destination.
UTE achieved a significant milestone recentlyby securing an order for four 390D L Cat Hydraulic Excavators, which will be used to strengthen the ongoing Hambantota and Colombo South Harbour projects. The machines were handed over on April 10th at a ceremony attended by officials of UTE, Caterpillar and China Harbour Engineering - the main contractor for these projects.
UTE has already supplied a large fleet of equipment to these projects last year, which included 6 units of 50 ton excavators, but this is the largest Cat machine which has been brought into the country to date. It is also the largest machine of this class manufactured by Caterpillar.
SLT Human Capital Solutions (SLT HCS), a fully owned subsidiary of Sri Lanka Telecom (SLT) together with the University Grants Commission (UGC), and the University of Colombo (UOC), signed a tri-party Memorandum of Understanding (MoU) yesterday (10th April), to offer modern Degree programmes in the field of Technology and Engineering.The initiative helps expand the much needed University-Industry collaboration, in order to contribute to Sri Lanka’s rapid national development.
As a truly Sri Lankan company thatembodies the ‘Dare to Dream Spirit’, Expo Freight (EFL), a subsidiary of Expolanka Holdings PLC stepped forward to sponsor the first Sri Lankan Expedition to reach 7500 meters on the South side of Mount Everest.Elmo Francis, professional explorer/climber and the first Sri Lankan to reach the summit Mera Peak in the Himalayas plans to reach the South Col which stands at 7500 meters high onMount Everest to become the first Sri Lankan to complete this altitude mark. He will thereafter push to reach the 8000 meter mark depending on his physical and the weather conditions at that time.
SriLankan Airlines, the national carrier of Sri Lanka now facilitates Umrah pilgrims to Jeddah, with its latest route via Mattala. For the first time in history, SriLankan passengers will now have the opportunity to start their journey from the country’s second international airport, MattalaRajapaksa International Airport (MRIA). Accordingly, the first batch consisting 30 Umrah pilgrims, departed from MattalaRajapaksa International Airport, on Thursday.
CEAT’s achievement of overall leadership of Sri Lanka’s tyre market in the Bias as well as Radial categories was celebrated in characteristic style when the top tyre brand hosted 125 of its best dealers in Sri Lanka and their families at a spectacular awards gala on Saturday 5th April. Significant sales contributions by dealers in all product segments that contributed to CEAT Kelani Holdings growing into a Rs 11 billion company in 2013-14 were rewarded with trophies and overseas holidays at an overnight event themed ‘Together, towards tomorrow’ at the Blue Water Hotel.
Nestlé Lanka and the Ministry of Education of Maldives signed a Memorandum of Understanding (MoU) to empower young talent development in the Maldives via Nestlé’s popular energy brand Milo. The MoU entails Nestlé working in partnership with the Ministry of Education to host and conduct the ‘Milo School Awards Night’, an event held annually to recognise and award students who have performed exceptionally in their academics and sports in the Maldives.
Papyrus Papers’ first three Samsung Experience Stores (SES) opened their doors on Monday, 31st March and Friday 4thApril 2014, offering consumers a new outlet for engagement with the brand. Set up and operated by Papyrus Papers (Pvt) Ltd. under a franchise awarded by John Keells Office Automation (JKOA), these trailblazing new stores are located at Battaramulla, Wattala and Ja-Ela.The franchisee Papyrus Papers intends to rapidly extend this concept to an island-widechain of similar stores within the next 18 months.
Sri Lankan shares fell on Wednesday after five days of gains as investors booked profits in large caps despite moderate foreign inflows into the island nation's risky assets. The main stock index fell 0.31 percent, or 19.06 points, to 6,172.77, slipping from its highest close since Feb. 3 hit in the previous session. The day's loss erased around 8 billion rupees worth market capitalisation of the bourse. The bourse gained 1.61 percent in the five sessions through Tuesday as lower interest rates helped to attract some retail investors, stockbrokers said.
Munchee, the flagship brand of Ceylon Biscuits Limited (CBL), the country’s fastest growing and largest biscuit and confectionary manufacturer won Gold at the maiden National Business Excellence Summit 2014 (NBES) organized by the National Chamber of Commerce.
One of the most anticipated fashion designer competition in the country, Zainab Ammarah’s “Up and Coming Fashion Designer of the Year 2014” will take to stage for the 6th consecutive occasion this year. AnationZ, a clothing brand with a distinct proposition, has come forward as the title sponsor for this year's event, demonstrating the brand’s commitment to the development of the local fashion and clothing industry.
Mihin Lanka, Sri Lanka's national low cost carrier proudly hosted itsfirst group of leisure travellers who flew to Sri Lanka from Medan, Indonesia. The group of 18tourists visited key attractions across Sri Lanka; including many sites of religious significance.The coordination of the tour was handled by Lanka Sportreizen.
JAT Holdings, now a household name with their range of superior products which are widely in use both in Corporate premises as well as households, have decided to further enhance their product range by establishing a series of Tech centres, the latest one having opened in Moratuwa recently, taking the number of JAT Tech Centres up to six. “That’s not all, we hope to shortly open five more Tech Centres in Galle, Kurunegala, two in Colombo and Jaffna as well”, said JAT’s dynamic Managing Director, Aelian Gunawardene.
EZY Racing's Sajaad Zuhair achieved a rare feat for any motor racing driver in Sri Lanka, when he went on to win all 3 events he took part in and provide EZY Racing with the team winner trophy at the Foxhill Super Cross, in the Diyathalawa Army Camp, entertaining close to 50,000 spectators who had gathered there. The team were given a very strong weekend by their drivers Sajaad Zuhair, Dilan Seneviratne and Rizvi Farouk as they went to bag 5 podiums.
Melsta Regal Finance Ltd (Melsta Regal) has embarked on a rapid expansion drive by penetrating into the regions. The Company expanded its geographical foot print to the key provinces of Kurunegala, Matara and Kandy. Melsta Regal’s entry to the Central Province was marked with the opening of the Kandy branch which is located at the Melsta Logistics Ltd - Collision Repair Centre, located at the Katugastota. The Kandy branch is located in Katugastota availing clients to conduct their business transactions with the convenience away from the hustle and bustle of the Kandy city.
A new record was set for cash dispensed in a single day when users of the Commercial Bank’s ATM network withdrew a mammoth Rs 2.05 billion on Friday, 11th April 2014, beating the Bank’s own record set a year previously, by Rs 263 million. The new one-day record was the peak of a record breaking 12-day period for Sri Lanka’s largest private bank, whose 585-terminal ATM network dispensed Rs 15.438 billion between the 1st and 12th of April 2014, as the country prepared to celebrate the Sinhala and Hindu New Year.
In its recent CSR activities, Fashion Bug, one of Sri Lanka’s leading retail clothing stores with over 17 outlets island-wide, refurbished the maternity ward at the Ragama-based Colombo North Teaching Hospital for the beneficial of its needy patients.
The company is no stranger to similar initiatives of such nature, having refurbished many other wards at the Kalubowila Hospital, Lady Ridgeway Hospital for Children and the Colombo Eye Hospital. In addition to its notable contribution towards students, this goes on to exhibit that public health is equally important for the benefit and wellbeing of general community.
Huawei India, a leading ICT solutions provider, announced a strategic partnership with the Royal Challengers Bangalore (RCB) team of the 7th season of the Indian Premier League. Huawei India will be designated as the Principal sponsor of the Bangalore-based team which is captained by super star Virat Kohli. The partners unveiled the new RCB team jersey, which features the Huawei logo on the front of the jersey as a principal sponsor of the team.
MOBIL Brand Ambassadors - Dinesh Jayawardana, Ashan Silva, Dilan Seneviratne and female driver Shehara Jayawardana, continued to impress motor racing enthusiasts with podium finishes at the Mahagastota Hill Climb Motor Races which concluded recently. In the Formula Modified category Ashan Silva claimed victory with Dilan Seneviratne being placed in 3rd position, whilst Dinesh Jayawardana was placed 2nd with a close fight to the Course Record in the SL-GT up to 3500cc category, with Shehara Jayawardana coming in 2nd in the SLN 1000 category.
The Cannes Lions Young Marketers Academy is set to return to the International Festival of Creativity for a fifth year with new sponsor, leading brand and communications agency Dentsu Aegis Network, supporting the dedicated training programme.
A week-long course, taking place throughout the Festival week, the Young Marketers Academy addresses the importance of creativity in communications and provides a bigger picture of a marketer’s role.
Fashion Bug, one of Sri Lanka’s leading retail clothing stores with over 17 outlets island-wide, stepped up as the principal sponsor and exclusive apparel partner in extending its support to the most popular and thrilling motor sports event Fox Hill Supercross 2014.
Organized annually by the Sri Lanka Military Academy (SLMA) and Sri Lanka Association of Racing Drivers and Riders (SLARDAR), the misty hills in Diyatalawa will reverberate with the roar of engines as it welcomes over 200 racing and riding experts including competitors from overseas, with tens and thousands of motor sport enthusiasts and holiday makers awaiting to witness its thrills and excitement in store.
Dilantha Malagamuwa, the Sri Lankan racing superstar who won four races at the recently-concluded Malaysian FIA GT Series Round 1, was felicitated at a recent press conference held at Cinnamon Lakeside Colombo. Racing in his Lamborghini for the team Dilango Racing, Dilantha won the “GT Open” and “GT3” category events at the Sepang International Circuit in Kuala Lumpur.
DFCC Vardhana Bank (DVB) the fastest growing commercial bank in Sri Lanka, announced that all DFCC Vardhana Bank Branches will be open for“Avurudu Ganu Denu’” transactions from 9:00 am to 11:00 am on the 15th of April 2014. DVB as a leading bank believes in adding new meaning to the age-old traditions of the National New Year of the country. DVB invites all customers for “Avurudu Ganu Denu” transactions to renew trusted relationships or start afresh and build them brand new.
Mobitel, The National Mobile Service Provider recently signed a Memorandum of Understanding with the Department of Excise to automate a number of its operational processes. Designed by Mobitel’s Business Solutions team, this robust, consolidated web application melds together a variety of field work. This work-flow driven automated application intelligently streamlines the process of data collection and synchronization thus rendering the processes at the Department far more accurate, efficient and easily accessible to related staff members.
In Sri Lanka for talks with their local partners JAT Holdings (Pvt) Ltd., was the Managing Director of Tai Ping, Richard Morris. Tai Ping is globally recognized as the custom carpet designer and manufacturer of choice for a discerning international clientele. Headquartered in Hong Kong, Tai Ping, which means “Great Peace” in Chinese, was founded in 1956. With a presence in over 100 countries, today, Tai Ping carpets grace the floors of fine residences and palaces, private jets, yachts, hotels, casinos, airports and convention centres around the world.
The Commercial Bank of Ceylon has announced it will keep 62 branches open for business on Good Friday, 18th April 2014, a Public and Bank Holiday, for the convenience of the Bank’s customers. This includes the Bank’s 26 Supermarket Banking Centres and 20 365-day branches which will work their customary hours, and another 16 branches that will be open from 9 am to 1 pm on that day, the Bank said.
Seylan Bank celebrates this month’s Sinhala and Tamil New Year with an exciting promotion and interesting gifts on offer to its thousands of customers and non-customers all over Sri Lanka.
In keeping with the traditional and age-old spirit of ganu-denu, Sri Lankans young and old, are invited to deposit in the ‘Seylan Avurudu Thanpathu’ deposits and ‘Seylan Tikiri’ accounts from 01st of April and walk away with gifts upfront. This promotion is operative until stocks last.