The European Union has chosen SLIIT, Sri Lanka’s premier institute for higher education, as a partner of the prestigious Erasmus Mundus Action II project titled South-East-West Mobility for Advanced Research, Learning, Innovation Network and Knowledge (SMARTLINK), for the 2014/2015 academic year. Erasmus Mundus is a highly sought after cooperation and mobility programme funded by the EU offering students a choice of study linking with 19 other European Union and Asian Universities.
Pearson Lanka –a subsidiary of Pearson PLC, the world’s leading learning company– announces, the hosting of inaugural “Quality Quest 2014” event, with the intention of sharing their expertise on improving Software quality through DevOps.
The CSR Trust of Commercial Bank achieved a significant milestone under its nationally-scaled IT education programme, when it donated its 150th fully-equipped IT laboratory to a school in Galewela in the Matale district. The 150th IT lab donated by the Bank was ceremonially inaugurated by Commercial Bank Chairman Mr. Dharma Dheerasinghe at Beligamuwa Kanishta Vidyalaya, Galewela, which has a student population of 200.
With the vision to be at the forefront of infrastructure development in Sri Lanka, MTD Walkers PLC, a leading company for construction, manufacturing and engineering in Sri Lanka, recorded an impressive growth for the 2nd quarter of FY 2014/2015. Compared with its performance in the previous financial year, the turnover for the 2nd quarter ended 30th September 2014 recorded a remarkable increase of 76.5% to Rs. 7.2 billion from Rs. 4.1 billion in the corresponding period last year.
Sri Lankan stocks rose for a sixth straight session on Tuesday to their highest closing level in more than three-and-a-half years, led by telecom and banking stocks as the central bank held its key policy rates steady at multi-year lows. The Central Bank of Sri Lanka kept key policy rates steady at record lows for a 10th straight month, and said stable inflation and steady credit expansion should help the economy grow by around 8 percent over this year and next.
Building on the successful launch of The Emirates App for iPad earlier this year, Emirates airline has now increased its mobile presence with the launch of The Emirates App for iPhone on the App Store.
Maga Engineering, the industry leader for construction in Sri Lanka, ends this year in style as it reaches a great milestone to complete 30 years in business. This was announced at a press conference held at the Hilton-Colombo on the 12th November, 2014. Maga, also, unveiled its new logo designed for the 30th anniversary celebrations at the press conference.
In a year that has proved to be record breaking, the Colombo Stock Exchange has reached yet another milestone in 2014 by recording its highest-ever inflow of foreign investment into the equity secondary market. Foreign purchases in 2014 as at 14th November is Rs.
95,083.8 Million surpassing the previous highest foreign purchases of Rs.92,425.5
Million recorded in 2010.
It is a pleasure to present the results of your company for the first half of the financial year 2014/15. The group has recorded consolidated revenues of Rs. 15.7Bn, a growth of 22.0%, and group earnings of Rs. 887Mn, a drop of 9.9% over the same period last year. However last year’s corresponding period included a one off capital gain of Rs. 364Mn on the transfer of Peace Haven to PH Resorts, a joint venture company. Underlying earnings, adjusted for one-off items, recorded a growth of 29.5% over last year.
The Richard Pieris Group ended its first half year with a strong performance. The Group reported a Profit before Tax of Rs.1.2bn on a Revenue of Rs.18bn for the six months ended 30th September 2014. The period under review evidenced a steady performance in all its major sectors where the reported profits represent business profits, and do not include any gains of a capital nature.
‘Life as Art’, an exhibition and sale of photographs by Chatrini Weeratunge in aid of Emerge Lanka Foundation to support girl children who have survived sexual abuse, will be held at the Barefoot Gallery from November 28-30.
The national airline of the Sultanate of Oman, Oman Air is offering a discount of 18 percent in Business Class and Economy Class, for flights to select destinations. The offer is applicable for bookings made from 17 – 19 November 2014 ( 03 days ) and is valid for travel from 17 November 2014 to 20 March 2015.
Outperforming competition from industry giants, amanté bagged a Silver award in the ‘Best New Entrant Brand of the Year’ category at SLIM Brand Excellence 2014, a validation of what the brand has offered the Sri Lankan lingerie market through its innovative and fashion-forward range.
Commercial Credit and Finance PLC, one of Sri Lanka’s leading finance companies reported better than expected first six months in 2014-15 with a 191% increase in post-tax profits. Profits from the first six months increased from Rs. 345 Mn to Rs. 1 Bn. Profit After Tax (PAT) increased to a commendable Rs. 514 Mn in the three months ending September 2014, from Rs. 172 Mn a year ago. The results reflect the 87% increase in Net Interest Income in the quarter to Rs. 1.6 Bn. The quarter’s results also positively impacted the company’s six months results, with Net Interest Income growing to Rs. 3.2 Bn, up 87%, while PAT rose 191% to cross the Rs. 1 Bn mark.
The Galle Face Hotel today announced that it will play host to the first ever CFW Design Trunk Show 2014 organized by the Colombo Fashion Week. The event, which is set to see some of the leading locale designers showcase their talent, will unveil their Seasonal collection in an interesting and stylish setting at The Library of Galle Face Hotel in a 24 hour trunk show from 4pm on the 29th to 4pm on the 30th November.
Capturing the essence of the festive season, Cotton Collection today launched ‘Love Christmas’, a campaign that is inspired by the joy of spreading love. Shot in the iconic town of Galle, the campaign exudes youthful exuberance and charm, capturing carefree moments of love, fun and celebration. ‘Love Christmas’ will brighten up your holiday this year with ’12 Acts of Love’ and exciting activities that will make your Christmas truly memorable.
The FH Studio takes exclusive menswear to new heights with the second edition of its annual ‘Concept’ show. ‘Concept 2015’, a fashion show of international class is conceptualized by renowned men’s fashion consultant Fouzul Hameed and will enhance the Sri Lankan men’s fashion arena. ‘Concept 2015’ will be held on Saturday 22 November 2014 at Water’s Edge and will showcase an exclusive range of menswear that will transform the man of today into the man of tomorrow.
The National Mobile Service Provider Mobitel was honored for the eight consecutive year at the Annual Techno Sri Lanka 2014 Awards night where it bagged two prestigious Gold awards for ‘Product with Highest Social Impact’ and ‘Best Demonstration’ for the year. Techno Sri Lanka 2014 - The National Engineering and Technology Exhibition organized by the prestigious Institute of Engineers Sri Lanka (IESL) was held for the 29th consecutive year at BMICH recently.
A transformative contribution from its financial services unit has significantly bolstered the half-year profits of Dunamis Capital PLC, enabling the Group to post profit after tax of Rs 878 million for the six months ending 30th September 2014 against a net loss of Rs 0.22 million in the corresponding six months of the previous year.
The Chief Executive Officer of the Colombo Stock Exchange Mr. Rajeeva Bandaranaike was one of the Key Note speakers at the Berlin Economic Forum organized by the Institute of Cultural Diplomacy in Berlin held from 8 - 12 November 2014.
Sri Lankan stocks hit a 3-1/2-year high on Wednesday as investors picked up banking and construction shares on hopes of growth in the sectors, while continued foreign buying, low interest rates and better earnings expectations kept investor appetite for risky assets intact. Sri Lanka's main stock index ended up 0.76 percent at 7,469.41, its highest closing level since May 20, 2011.
Dunamis Capital PLC has announced the appointment of senior economist Nishan Chanaka de Mel as an independent, non-executive director of the company with immediate effect. Educated at the universities of Oxford and Harvard, Mr. de Mel is the Executive Director of Verité Research Private Limited, a think tank that provides analytical research and advisory services on economic, political and legal issues in Sri Lanka and Asia.
Brown and Company PLC walked away with four awards at the National Engineering and Technology Awards 2014 organized by the Institution of Engineers Sri Lanka (IESL) recently. Browns won high acclaim for its stall at the Techno exhibition this year, striking Gold for ‘Best Display of Engineering Services’ and ‘Best Display of Imported Products’. Browns also won Silver for ‘Product with Highest Social Impact’, while it also received a Bronze award for ‘Best Demonstration’.
Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that combines innovation, technology leadership and industry solutions to transform the customer experience, bagged the Gold award in the Export category at the SLIM Brand Excellence Awards 2014 becoming the Export ‘Brand of the Year’. Offering world class solutions, Virtusa’s operations in Sri Lanka received this award in appreciation of the success it has achieved in global markets.
The Commercial Bank of Ceylon has announced a reduction in the interest rate applicable on all credit cards issued by the Bank, effective from 5th November 2014. The interest rate on outstanding balances on Platinum, Gold, Silver and Classic cards has been reduced from 24% to 22% per annum or 1.83% per month, the Bank said.
As luxury tourism becomes an increasingly competitive business in Asia and around the world, Uga Escapes has gone the extra mile to ensure that its guests take home a richer, more satisfying experience of the country many call an island paradise. Eschewing the usual plethora of reception-counter pamphlets and flyers advertising local attractions, this luxury hotelier has produced a combination spotter’s guide and notebook for ornithologically inclined guests at its chain of up market, close-to-nature resorts in Sri Lanka.
KVC Promotional campaign “Wasa Visa Nathi Ahara” was launched on 19th of November 2014 (Wednesday) at Hotel Taj Samudra - Crystal Lower Floor, Colombo 03. Mr. W. T. Ellawala , Chairman/CEO –CW Mackie PLC addressing the launch ceremony said that the company was able to turn Kelani Valley Canneries a profit-making entity within a period of 6 months although KVC range was one of the recent acquisitions of the company.
Liz Moscrop, the editor of Inflight magazine, has been named as the overall winner of the Oman Air Media Awards UK 2014. The announcement was made at a ceremony held on Oman Air’s stand at World Travel Market, in London. In addition, Ms Moscrop won the ‘Best article about Oman Air’ category of the awards. The ‘Best article about Oman Air’s sports sponsorship’ award went to Kate Laven, of the Sunday Telegraph, the ‘Best blog article about Oman’ award was won by Iain Mallory, of Mallory on Travel, and the ‘Best print article about Oman’ award went to Lyn Hughes, editor of travel magazine Wanderlust.
The ground breaking ceremony for the iconic luxury hotel and residences, ITC Colombo One, took place today and was graced by Mr. Basil Rajapaksa, Minister for Economic Development, H.E. Mr. Y K Sinha, High Commissioner of India to Sri Lanka and Mr. Y C Deveshwar, Chairman, ITC Limited, one of India’s largest multi-business enterprises. Several dignitaries lent their presence to this auspicious occasion including Hon. Mr. Lakshman Yapa Abeywardena, Minister for Investment Promotion, Mr. Gotabaya Rajapaksa, Secretary, Ministry of Defense and Urban Development, Mr. Lalith Weeratunga, Secretary to H.E. the President, Mr. M. M. C. Ferdinando, Secretary to the Ministries of Investment Promotion and Power & Energy, Mr. Ajith Nivard Cabraal, Governer, Central Bank of Sri Lanka, and Lieutenant General R M Daya Ratnayake, Army Commander.
Stalwart of the local advertising industry, Laila Gunesekere-Martenstyn was bestowed with the honour of Woman Super Achiever in Advertising and Media at the recently concluded World Marketing Congress in Mumbai. Participants from over 50 countries vie for recognition at the annual World Marketing Congress.
Asia's First Ever Travel Bloggers Conference - TBCasia 2014 organized by Cinnamon Hotels & Resorts in partnership with SriLankan airlines was held on the 18th November 2014 at Cinnamon Lakeside Colombo.
The world is changing faster than ever, and as new technologies emerge, customer needs grow along with it. In order to take advantage of this ever-evolving business landscape, it is not enough for organisations to just be ready for change. They also need to be able to foresee change in order to adapt and remain ahead of competition.
Sheikh Salman Bin Ebrahim Al Khalifa, the President of the Asian Football Confederation, will accompany FIFA Head, Sepp Blatter when he visits Sri Lanka from 1 to 2 December, a visit which coincides the Football Federation of Sri Lanka’s [FFSL] 75th anniversary celebrations, as well as the inauguration of the long awaited Jaffna Stadium.
Sri Lanka’s largest online travel company, findmyfare.com recently launched an unbeatable deal for Seylan Bank credit cardholders who want to visit Kunming in China. Findmyfare.com, in partnership with Seylan Bank, is now offering 100 seats on SriLankan Airlines for just one rupee (plus airline taxes of Rs. 15,869/-) each from 13 November 2014.
The Calamander Group is proud to launch Sri Lanka’s first and Asia Pacific’s longest glass fronted lap pool. Spanning 25 metres, this custom designed pool has been fabricated with a bespoke 48mm glass wall that has been tempered and laminated. This creates an aquarium-like effect, allowing swimmers to view the azure blue Indian Ocean and spectators to view swimmers doing their laps or splashing around with friends.
Love and light were in abundant evidence when Sri Lanka’s best loved department store Odel literally switched on for Christmas 2014 in scintillating style at its flagship edifice at Alexandra Place, on Saturday 15th November. A twelve-foot Christmas tree decked in myriad twinkling lights now welcomes visitors at the store’s ‘Boulevard’ entrance in an early reminder that the festive season will soon be upon us, and giving shoppers an inkling of the fairyland transformation that awaits them inside.
Aravinda Premadasa and the CEAT Racing Team took top honours at the CEAT SLADA Championship awards on Saturday, 15th November, winning the coveted Best Driver and the Team Championship for Cars respectively at a glitzy gala which brought the curtain down on the 2014 racing season. Shehan Adikari was adjudged the Best Rider of 2014, while the Team Championship for Motorbikes was won by Exide at this event, at which 12 other category awards were presented to the top performing drivers and riders at the six race meets that make up the CEAT SLADA Championship.
SriLankan Airlines’ frequent flyer programme, FlySmiLes entered into a partnership with Loon Tao and Tsing Tao to offer its members a host of attractive benefits. Accordingly, for every LKR 100 spent, FlySmiLes members can earn one FlySmiLes mile and the opportunity to redeem their miles when dining at any of the two restaurants.
CIC Holdings and Glucerna, CIC’s nutritional supplement for people with diabetes and pre-diabetes, today announced the launch of an awareness campaign to commemorate World Diabetes Day 2014. As part of this initiative, CIC’s Glucerna launched ‘Diabeats’, a free music track titled ‘Let’s Get Moving’ which helps raise funds to purchase prosthetic limbs for people who have lost a leg or foot due to diabetes. The entire campaign promotes healthy living as a means of preventing and controlling diabetes and to share this message with others, CIC’s Glucerna will conduct an activation at the Independence Square on 14 November, from 4.00 pm onwards.
The Central Bank today issues a new series of 25 coins of Rs 10 denomination in order to recognize and portray unique characteristics and/or iconic landmarks and/or special features of each administrative district of Sri Lanka. The first set of coins is to be presented by the Governor of the Central Bank of Sri Lanka, Mr Ajith Nivard Cabraal to His Excellency the President Mahinda Rajapaksa on 17th November 2014.
Softlogic Automobiles (Pvt) Ltd, a subsidiary of Softlogic Holdings, launched the all-new King Long range of passenger transport vehicles at a gala ceremony held at Waters Edge Battaramulla. The ceremony was graced by Hon. C.B. Ratnayake - Minister of Private Transport Services, His Excellency Wu Jianghao - Chinese Ambassador for Sri Lanka, Mr. Andrew Chen - Regional Manager Asia Pacific Section - Overseas Sales and Marketing Company King Long, Mr. Andy Chen - Sales Specialist Asia Section - Overseas Sales and Marketing Department King Long, Mr. Ashok Pathirage - Chairman of Softlogic Holdings, Mr. Suminda De Silva - CEO Automotive Sector of Softlogic Holdings and the senior management of Softlogic Holdings.
The leading global information and communications technology (ICT) solutions provider Huawei, and Singer Sri Lanka PLC. the country’s number one brand and Smartphone marketer who is the exclusive national distributor for Huawei, unveiled the all new Huawei Ascend Mate7, a 6 inch ultra fast smartphone. The launch ceremony was held at the Singer Lifestyle Exhibition and Fun Fair at Colombo following its successful launch in Paris, Berlin and Bangkok recently.
SriLankan Airlines and the Airline’s Aircraft Technicians’ Association (SAATA) signed a collective agreement recently for a period of three years, which recognizes the importance of enhancing productivity when the national carrier is stepping into a new era of world travel with its extensive wide-body fleet renewal programme, initiated last month.
The Commercial Bank of Ceylon PLC has reported profit before VAT and NBT of Rs 13.119 billion for the nine months ended 30th September 2014 in a performance befitting its status as Sri Lanka’s largest private bank. In spite of a healthy 10.38% growth in Operating Income, Profit before tax grew by 7.77 % due to the imposition of Nation Building Tax (NBT) effective January this year, the Bank said in a filing with the Colombo Stock Exchange.
The Human Resources team of Unilever Sri Lanka launched the second phase of its “Jeewithayata Aruthak” youth skill building programme, targeting undergraduate students from several leading universities in the nation. The programme which aims to “Give purpose to life”, helps young students in Sri Lanka become more employable by providing them soft skill development interventions. The first phase of the programme was conducted at Dehiowita National School in 2013.
ikman.lk has been conferred as Sri Lanka’s most popular market place for second-hand items according to a quantitative research done by TNS, a world leader in customized market research. The research revealed, ikman.lk has established its brand name as the leading online trading site in Sri Lanka. The primary objective of the research was to understand ikman.lk’s awareness and usage for buying and selling among Internet users in Sri Lanka and to assess its position against other trading competitors, both traditional and online. It looked at brand awareness, usage and future consideration of ikman.lk against other choices people would use for buying or selling second-hand goods and services. The objectives were assessed on six main categories on ikman.lk; namely, used cars & vehicles, electronics, house & property, jobs & services, home & personal items and leisure sports & hobby.
Driving growth is one of the most challenging tasks for organisations, with Sales Teams consistently having to deliver more – be it market share, profit, retail outlets, distribution, sales, agents, cash availability, orders and turnover while achieving high targets.
Empowering sales personnel to realise their goals through innovative strategies, the Colombo Leadership Academy’s ‘Strategic Sales and Distribution Management’ programme comprises content that will give sales personnel the strategic insights and enhanced competencies required to succeed in this highly-competitive and ambiguous business environment.
Lanka Hospitals, the foremost healthcare provider with a proven record of underlying achievements, recently announced the successful completion of 100 cochlear implant surgeries. Lanka Hospitals being the pioneer of cochlear implant surgeries, announced that the 100th patient, a Maldivian national is now recovering from the operation which was a complete success. Being accredited by the Joint Commission International and marking its territory as one of the world’s best hospitals, Lanka Hospitals assures its commitment to surpass its promise of delivering excellent healthcare facilities and patient care.
MARKSS HLC (Pvt) Ltd, one of the leading healthcare companies in Sri Lanka along with their business partners Ms. Panacea Biotec India successfully launched “VAGACYTE” brand of Valganciclovir 340mg USP during a Continuous Medical Education program conducted by Sri Lanka college of Nephrologists on the topic of “Place of therapy in Solid Organ Transplant”: held at Cinnamon Grand Hotel recently.
Leading Nutrition, Health and Wellness Company, Nestlé Lanka PLC, recorded a growth of 7.9% for the nine months ending 30 September 2014, posting a revenue of LKR 24.9 billion and a profit of LKR 3.1 billion in the midst of a challenging market environment. An interim dividend of LKR 12 per share was also declared by the Board of Directors to be paid to the shareholders on 2 December 2014.
Ajith Nivard Cabraal, Governor of the Central Bank of Sri Lanka was a Panelist at the World Economic Forum – India Economic Summit on the Session on Inclusive Finance: From Paper to Action. The other Panelists were Kwesi Amissah-Arthur, Vice President of Ghana, Chetna Vijay Sinha, Founder, Mann Deshi Foundation, India; Social Entrepreneur and Stuart Milne, Chief Executive Officer, HSBC India. The Moderator was John Chalmers, Bureau Chief, South Asia, Thomson Reuters, India,
Swedish Trading Audio Visual (Pvt) Ltd., a member of the Chandra Senanayake Holdings partnered with the international, bestselling brand ‘KV2 Audio’ and US based premium brand Shure. Representing KV2 Audio Dave Croxton Director of Sales & Marketing KV2 Audio International graced the occasion.
The launch held at Bloomfield Grounds Colombo 07, with over 300 invitees saw a new dimension of the latest KV2 and Shure products targeting a cross segment of the market including corporate, public and government, music and entertainment.
M. D. Gunasena the leading publisher, printer and bookseller, officially announced the launch of a distributor programme for Colleen Pencil Thailand Ltd. The appointment of the distributor network comes as a solution to cater to the demand generated for Colleen products throughout the country. The products will also be available through major supermarkets, bookshops and retail outlets across the country.
Softlogic Information Technologies, one of the premier ICT companies in Sri Lanka and a pioneering subsidiary of Softlogic Holdings, deployed the latest Dell 13G R730 server solutions at International Construction Consortium (Pvt) Ltd (ICC), a building and civil engineering contracting organization with the finest reputation for construction excellence. The new server solution will be used for ICC's Enterprise Resource Planning (ERP), increasing business performance and data demands in mission critical enterprise environments.
Sri Lanka’s largest online travel company, findmyfare.com recently hosted a day of fellowship combined with impactful training sessions for all staff members. The casual day out was held at The Palms Hotel in Beruwala and gave the findmyfare.com team a chance to relax, bond and learn.
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), which has built up a reputation for offering cutting edge professional advancement programmes for the benefit of the country’s high-end professionals, will bring down a Wall Street Mastermind to conduct a Mergers & Acquisitions workshop in November 2014.
National carrier, SriLankan Airlines began commercial operations on its newly acquired Airbus 330-300 with a direct non-stop service to London on Sunday November 09th.
SriLankan Airlines flight UL505 departed from Katunayake at 0225 am local time on Sunday en-route to London Heathrow airport, returning to Colombo at 0440 am on Monday 10th November.
Tiesh will be unveiling its latest collection at the upcoming CFW Design Trunk Show 2014. Over the span of 11 years CFW has played a pivotal role in uplifting Sri Lanka’s design talent and Tiesh is extremely proud to feature an exquisite collection of jewellery at one of CFW’s prestigious fashion events. . The CFW Design Trunk Show is part of an initiative to promote retail opportunities for designers that participate in Colombo Fashion Week. This event will showcase a diverse range of collections and hopes to bring a strong commercial aspect to the business of fashion designing.
Emirates, a global connector of people, places and economies, has reiterated its commitment to the Maldives with the announcement of a third daily service to the capital of the South Asian archipelago. Commencing Monday, 1st December, Emirates flight EK656 will depart Dubai International Airport at 0210hrs, and arrive in Malé at 0715hrs, adding seven more inbound flights a week to the Maldives, increasing passenger and cargo capacity on the route by a third.
The National Mobile Service Provider Mobitel won three esteemed awards at the recent ‘e-Swabhimani 2014 Awards’, the prestigious national awards that gives recognition for the best e-content and innovative ICT applications in the country.
Director / Chief Executive Officer of Browns Hospitals / Healthcare Dr. Sajeeva Narangoda was recently awarded the Fellowship of CIMA (UK) and thus goes on record as becoming the first-ever practicing doctor in the history of CIMA (UK) to become a Fellow of the Institute. Having become an Associate Member of CIMA in 2008, Dr. Narangoda served on the CIMA Sri Lanka Board Sub-Committee on student development in 2012/13 and currently serves on the Board Sub-Committee on Employer Relations.
Sri Lankan company, Hemas is conscious about the needs and aspirations of the Sri Lankan consumer. In the past, washing powder was considered a luxury. Hemas revolutionalised the Sri Lankan market in 2003, by introducing an economical detergent powder to the consumers. Diva has made laundry simple, easy and less time consuming by removing dirt faster with minimal effort.
The market for the internet of things is set to triple by 2020 to US$7.1 trillion, and it’s not just wearable devices and connected city traffic networks. We are seeing this trickle down to our favourite stores and shopping malls, and the potential is huge. The retail landscape is expected to change more in the next 10 years than it has in the past fifty, due largely to the explosion of the Internet of Things (IoT) and big data1. So how can retailers take advantage of this to provide better experiences to consumers who want to shop from anywhere at anytime?
SriLankan Holidays, the leisure arm of SriLankan Airlines joins hands with Lanka Sportsreisen to flag off the SriLankan segment of the internationally famed mountain bike challenge, Yak Attack- Rumble in the Jungle, Mountain Biking, 2014 on November 19th from Kuda Oya, Balaharuwa.
“Rumble in The Jungle – Mountain Biking, 2014” is an event initiated by Phil Evans of Yak Attack, UK, jointly organized in Sri Lanka in collaboration with SriLankan Airlines as the main sponsor and Lanka Sportreizen as the official ground handling partner together with Mobitel, CSN and Torq.
Preparing for the festive season, WOW.lk has announces a new promotion that cannot be missed with Swarnamahal, offering a half price discount on select items from the stunning AURA White Gold Collection. With this incredible offer, you can make a glamorous fashion statement by purchasing your very own piece of white gold jewellery on WOW.lk up until the 22nd November 2014.
Sri Lankan stocks rose for a fifth straight session on Monday to 43-month highs, led by beverage and telecom shares a day ahead of the central bank's monetary policy announcement, when it is expected to hold rates. Continued foreign buying, low interest rates and hopes for better earnings from companies helped boost investor sentiment. Sri Lanka's main stock index rose 0.31 percent, or 22.91 points, to 7,524.00, its highest closing level since April 18, 2011.
Ansell, a global leader in protection solutions, today announced the acquisition of Hands International, a privately held company, located just outside of Colombo. This acquisition is another step to integrate backwards and build the Company’s knitting and cut and sew manufacturing capabilities.
Hands International is a manufacturer and supplier of personal protective equipment (PPE), with approximately 1500 employees. The Company specializes in producing knitted glove liners, but also manufactures certain coated, cut and sew styles and liner cotton fabrics materials. Hands International was founded in 1992.
Ceylinco Life has begun construction of a new four-storey building on company owned land in Trincomalee, further strengthening its presence in the eastern part of the island. The new office building on 22.65 perches land at No 20, Kandy Road, Trincomalee, will accommodate seven branches and one customer service section and offer ample parking for customers, the company said.
The world renowned ‘Global Finance Magazine’ recently recognized and awarded Amãna Bank as the Best Up-and-Comer Islamic Bank of the World. Amãna Bank’s Chief Executive Officer Mohamed Azmeer received the award from Global Finance at the 18th Annual, World’s Best Banks Award Ceremony 2014 held in Washington DC, USA, which coincided with the annual IMF and World Bank Conference in the same location.
Joseph "Sepp" Blatter, theSwiss footballadministrator who serves as the eighth and current President of FIFA (Fédération Internationale de Football Association), arrives in Sri Lanka on 1 December by private jet. Blatter who was elected on 8 June 1998, succeeding João Havelange, has been re-elected as President in 2002, 2007 and 2011.
SINGER Sri Lanka PLC. the country’s number one brand and number one Smartphone marketer, together with Sony Representative Office Sri Lanka introduced the flagship Sony Xperia™ Z3 and Xperia™ Z3 Compact smartphones to the local market. The launch was held under the patronage of Mr. Alex Yee - Chief Representative - Sony South East Asia - Sri Lanka Representative Office and Mr. Asoka Pieris - CEO SINGER Sri Lanka PLC, at the Singer Lifestyle Exhibition and Fun Fair at the BMICH.
Jet Airways, India’s premier international airline, will add a second frequency from Colombo to Mumbai. Following popular demand effective November 5, 2014, the introduction of this new flight will offer seamless access to airline’s primary hub at Mumbai and beyond to Far East, Europe, US, Canada and to the Gulf. Operating a state of the art Boeing 737 aircraft, Jet Airways’ guests can now avail of same day return on this route, especially for those traveling on business.
Digital technology leader, Samsung Electronics recently expanded its network in Sri Lanka, by launching its latest Samsung Digital Plaza in Panadura. The new plaza is located at 141, Galle Road, Panadura and will provide consumers in the town of Panadura with greater access to a variety of Samsung’s consumer products. The plaza was opened in collaboration with Softlogic Retail and the opening ceremony was attended by distinguished guests from Samsung Electronics India - Sri Lanka Branch Office and Softlogic Holdings PLC.
More than 100 entrepreneurs of the Ratnapura District benefitted from a seminar organised recently by the Commercial Bank of Ceylon under its ‘Diribala Viyapara Pubuduwa’ programme designed to develop the entrepreneurial skills of Small and Medium Enterprises (SMEs).
Whether it be East or West, Developed or Developing world, the umbrella is an indispensable item. Be it rain or sun, you would rarely come across people walking on the road without an umbrella. In today’s context people are extremely fashion conscious. The pioneer in the umbrella industry having understood this evolving market, caters to this need of customers. Rainco is the first in the industry to translate global fashion to local umbrella designs. Gone are the days where an umbrella is just used for functional purposes. Today, umbrellas are treated as a fashion accessory. Rainco as the market leader has the latest designs combined with cutting edge technology used to further fine tune products to suit the constantly changing needs of the customer.
Lotus World, the path towards inner happiness, is a noble plan in serving humanity and trying to make the world a better place to live in. The international launch of the Movement was held in Colombo recently. Founded by Navin Gooneratne, Chairman, Light of Asia Foundation and the producer of the timeless epic, ‘Sri Siddhartha Gautama’ and Gagan Malik, the Indian star actor, who gave up his glamorous life to tread the path to serve humanity, the Movement calls all living beings who yearn for inner happiness to remove themselves from the present path of strife and ultimate destruction, instead encompassing a life replete with compassion, harmony and wholesome co-existence.
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently paid tribute to well-known Chartered Accountant Mr. Lal Nanayakkara by inducting him into the CA Sri Lanka Hall of Fame in recognition of his significant contribution made towards the development of the accounting profession, the institute and to society.
Asian Alliance Insurance PLC (AAI) that is part of the Softlogic Group is pleased to announce profit after tax for Period to date September 2014 of Rs 532Million. The impressive result comes about on the back of Life premiums growth of 21% for the period at Rs 2.2Billion, with the absolute increase of Rs 378Million being amongst the highest in the industry, and is coupled with an exceptional result achieved on the investment portfolio of the company.
Aftermath of the massive landslide occurred early Wednesday morning (29th October 2014) burring a row of line houses in Haldumulla, Badulla in the island's upcountry, both PLC branches of Badulla and Bandarawela volunteered in providing relief for the affected.
Huawei announced today that it has been named to Thomson Reuters’ “Top 100 Global Innovators of 2014” list. Huawei is notably the only mainland Chinese company to make the ranking, started in 2011,which focuses on global leadership in innovation across industries assessing factors including a company’s overall patent volume, patent grant success rate, global reach of patent portfolio, and patent influence as evidenced by citations by other companies.
Focusing on collection, disposal and recycling of PET and plastic waste, Coca-Cola set up the ‘Give Back Life’ project in 2008. Each year, the Company evolved its commitment to environmental protection by involving more partners, including schools and encouraging the community to collect and recycle plastic and PET waste. This year, Coca-Cola partnered with the Ministry of Environment & Renewable Energy and Central Environment Authority to place 80 special PET/plastic waste collection bins across Sri Lanka.
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 opened the state-of-the-art Training Academy of Skills and Knowledge (TASK) centre in Colombo. The centre was ceremoniously inaugurated by Tyeab Akbarally, Chairman, Amãna Takaful and Fazal Ghaffoor, CEO, Amãna Takaful, in the presence of the company’s senior management and staff.
Fashion Bug, one of Sri Lanka’s leading retail clothing stores with over 17 outlets island wide, continued its role as a responsible Corporate citizen by coming forward to sponsor the National Institute of Mental Health (NIMH) , by presenting them with T Shirts for World Mental Health Day. The United Nations has designated the 10th of every October as World Mental Health Day and this year Fashion Bug came forward to sponsor this event by helping the NIMH to celebrate this day.
The Emirates Group today announced its half-yearly results which show steady performance and growth, despite a challenging business environment marked by ongoing health pandemic concerns, regional conflicts, and weakening global markets.
The Emirates Group revenues reached AED 47.5 billion (US$ 12.9 billion) for the first six months of its 2014-15 fiscal year, up 12% from AED 42.3 billion (US$ 11.5 billion) from the same period last year.
Sri Lankan conglomerate Renuka Holdings PLC received shareholder approval at the EGM held on 11th November 2014 to proceed with the group’s ambitious project to date – The Renuka Tower - at Galle Face Terrace.
The International Federation of Airline Pilots' Associations (IFALPA), in collaboration with the Airline Pilots’ Guild of Sri Lanka (ALPGSL), will host its Asia/Pacific Regional conference for 2014 at the Kingsbury Hotel from 13 - 15 November 2014. This is the first time that Sri Lanka is hosting this prestigious annual event which brings together pilots and aviation officials from across the entire region.