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Sri Lankan stocks rise to 3-wk top on rising banks
31-October-2014 Reuters

Sri Lankan stocks rose for a seventh straight session Friday to hit a three-week high, led by banks and foreign investors as corporate earnings and lower rates helped lift sentiment. Sri Lanka's main stock index ended up 0.44 percent, or 32.40 points, at 7,326.81, its highest close since Oct. 9. "There was a lot of buying interest. Investors are expecting good earnings and heavy trading was seen mostly in blue-chips," said Dimantha Mathew, manager, research at First Capital Equities (pvt) Ltd.

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EGB Blends with Kaema Sutra’s Sri Lankan Delicacies
31-October-2014

Sri Lanka’s iconic beverage brand Elephant House Ginger Beer, lovingly referred to as EGB, entered into a partnership with Kaema Sutra - the unique contemporary Sri Lankan restaurant launched by celebrated chef and restaurateur Dharshan Munidasa and Bollywood star and former Miss Sri Lanka, Jacqueline Fernandez in partnership with entrepreneurs Raju Chandiram and Shalin Balasuriya.

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Fitch Downgrades Abans Plc to 'BBB+(lka)'; Outlook Negative
31-October-2014

Fitch Ratings has downgraded Sri Lanka-based retailer Abans Plc's National Long-Term Rating to 'BBB+(lka)' from 'A-(lka)'. Fitch has also downgraded the National Long-Term Rating on Abans' unsecured redeemable debentures to 'BBB+(lka)' from 'A-(lka)'. Fitch has affirmed Abans' outstanding commercial paper at National Short-term Rating of 'F2(lka)'.

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Doing Business Ranking of Sri Lanka Improves
31-October-2014

According to the latest Doing Business Ranking published by the World Bank Group, Sri Lanka is ranked in the 99th position out of 189 countries in 2015 when compared to the previous year’s rank of 105 .  The country’s Doing Business rank in absolute terms enjoys an increase from 60.01 to 61.36 in 2015, narrowing the country’s distance to frontier measure.  Therefore, Sri Lanka has been able to improve its ranking in both relative and absolute terms compared with 2014 rankings.  Also, for the third consecutive year, Sri Lanka has managed to secure its position as the highest ranking country in South Asia.

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Expolanka honoured at LACP USA once again with 3 awards and being among the top 25 in the world
31-October-2014

Adding yet more accolades to its prestigious award gallery, Expolanka Holdings PLC claimed three awards for its ‘Look | See’ Annual Report 2013/14 at the recently concluded Spotlight Awards Global Communications Competition by the League of American Communications Professional (LACP).  Expolanka claimed the 24th spot amongst the top 100 world rankings, winning a Gold Award for excellence within its competition class as well as a Silver Award for the ‘Best Narrative’. In 2013, Expolanka ranked at 36 amongst the top 100 world rankings.  

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Sri Lankan stocks end at 2-wk high; foreign buying boosts turnover
29-October-2014 Reuters

Sri Lankan stocks extended their winning streak to a fifth session on Wednesday and ended at a two-week closing high, helped by buying in banking and telecommunication shares, while foreign-investor interest boosted sentiment. Sri Lanka's main stock index ended up 0.54 percent, or 38.78 points, at 7,265.90, its highest close since Oct. 15.

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Fitch Affirms Nations Trust Bank at 'A(lka)'; Outlook Stable
29-October-2014

Fitch Ratings Lanka has affirmed Sri Lanka- based Nations Trust Bank PLC's (NTB) National Long-Term Rating at 'A(lka)'. The Outlook is Stable. Fitch has also affirmed NTB's subordinated debt at 'A-(lka)' and assigned an expected rating of 'A(lka)(EXP)' to its proposed senior unsecured debentures of up to LKR3bn. The final rating on the proposed debentures is contingent upon receipt of final documents conforming to information already received.

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'Dhoom Machale' singer Sunidhi Chauhan making her Sri Lankan debut on November 22
29-October-2014

Plans were recently finalised to bring down top Bollywood playback talent Sunidhi Chauhan to perform her maiden concert, scheduled for the evening of November 22 at theSri Lanka Exhibition and Convention Centre (SLECC). Tickets are currently available by calling the Tickets Hotline on 077 992 9992.

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Amãna Takaful expands to Anuradhapura
29-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 opened its 26th  branch in Anuradhapura. The new branch is located at No. 81, Bank Site, Anuradhapura and offers a full range of insurance products and services that protect various aspects of people’s lives.

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Planters’ Association says sustainability of tea industry in the hands of workers
29-October-2014

A marginal increase of at least 2kg in the daily plucking average of each tea plucker can significantly boost Sri Lanka’s entire plantation industry and benefit all stakeholders by bringing down the skyrocketing unit cost of production of tea by nearly seven per cent, the Planters’ Association of Ceylon reveals, reiterating that the sustainability of the sector and the livelihoods of the plantation communities are in the hands of the workers and the unions.

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Haycarb records turnover of Rs. 5.2 billion and PBT of Rs. 362 million for 1H 2014/15
29-October-2014

The Sri Lankan multinational Haycarb PLC reported a turnover of Rs. 5.2 billion and profit before tax of Rs. 362 million for six months ending 30th September 2014. The profit after tax stood at Rs. 304 million.

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Oman Air offers 25% discount to 25 destinations
29-October-2014

The national airline of the Sultanate of Oman, Oman Air is offering an unbeatable discount of 25 percent to 25 destinations for flights in Economy and Business Class. The offer is valid for flights booked between 27 October and 2 November 2014 and is applicable for outbound travel until 20 March 2015.

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Ceylinco Life launches enhanced ‘Saubhagya’ plan to protect women
28-October-2014

Life insurance leader Ceylinco Life has launched an enhanced version of its popular ‘Saubhagya’ policy for women, taking into account the evolving needs of and the increased pressures faced by this important customer segment. The unique Saubhagya (Prosperity) policy is an investment-oriented life insurance plan exclusively for females, offering comprehensive life cover, lump sum payments every four years, attractive maturity value and optional rider covers for critical illness, hospitalisation and major surgery.

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CA Sri Lanka to educate financial professionals on the A to Z in hacking
27-October-2014

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will conduct a seminar targeting financial professionals educating them on the A to Z on hacking. The seminar which will be held on 05th November 2014 will educate financial professionals on how to secure their key financial data, while also helping them understand if their company data has been a victim of hacking.

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Dine In at the ‘Times Square’ at The Manhattan FISH MARKET
27-October-2014

Award winning restaurant chain The Manhattan FISH MARKET Sri Lanka opens its doors at the Rajagiriya branch giving customers the option of dining in the ‘Times Square Room’. Allowing diners to enjoy one of the single most frequented sites in New York among tourists; the ‘Times Square Room’ is available for groups of six (06) to ten (10) for a ‘sea-perb’ seafood feast.

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CIC Agri Businesses wins Gold at NCE Awards
27-October-2014

CIC Agri Produce Export (Pvt) Ltd, a part of CIC Agri Businesses recently won a highly acclaimed gold award in the Agriculture Value Added Small Category at the 22nd National Chamber of Exporters (NCE) Awards Ceremony. CIC has previously been awarded a gold award and silver award in 2012 and 2011 respectively in the same category.

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Commercial Bank Sweeps the Board at Brand Excellence 2014
26-October-2014

The Commercial Bank of Ceylon won the coveted ‘Service Brand of the Year’ and three other accolades at the 2014 SLIM Brand Excellence Awards to become the bank that won the most awards at this prestigious event conducted by the Sri Lanka Institute of Marketing.

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Hameedia dresses actors of Pusswedilla for 8th consecutive year
26-October-2014

Continuously setting the benchmark in the fashion industry, Hameedia has once again partnered with Pusswedilla as the official clothing sponsor of the show. Hameedia has been a partner of Pusswedilla since 2007 and has sponsored four seasons which include 37 shows. Throughout the eight year partnership, Hameedia has aimed to make the actors look their best, adding a touch of glamour to the show.

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Sri Lankan stocks gain for second day on banking shares
24-October-2014 Reuters

Sri Lankan stocks gained on Friday for the second straight session as investors bought banking shares, but the turnover was moderate as the market awaited cues from 2015 budget announcement. Sri Lanka in 2015 will trim its value added tax and reduce its budget deficit to the lowest level since 1977, President Mahinda Rajapaksa told parliament on Friday while presenting the 2015 budget.

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WOW.lk Hosts ‘WOW Food Festival’ to Commemorate World Food Day in Association with Knorr
24-October-2014

Sri Lanka’s largest online shopping mall, WOW.lk partnered with Knorr to host the ‘WOW Food Festival’ in commemoration of World Food Day. Taking place at the WOW.lk head office, this exciting festival comprises a series of promotions and activities which brings people together to celebrate a selection of unique cuisines.

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Chalmway International achieving ISO 9001 : 2008 quality Certification
24-October-2014

The Chalmway International Hair & Beauty Institute (CIHBI) a name by in itself, a leading & fully fledged Hair & Beauty Academy; initiated in 1997 has come a long way indeed ever since, achieving ISO 9001 : 2008 quality standards, thereby proving its excellence against all odds on a path towards success.

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SATL’s ‘CIO Weekend Forum’, a great success
23-October-2014

South Asian Technologies Pvt Ltd (SATL), Sri Lanka’s leading IT solutions provider, recently held its much looked forward to, annual CIO Weekend Forum at Centara Ceysands, Aluthgama.

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How big data and IoT changing manufacturing
23-October-2014
By Indika De Zoysa

Big Data and the Internet of Things (IoT) is revolutionizing the world around us – from the medical care we receive to the way retailers market to us – but how is the manufacturing industry benefitting from it? Large manufacturers have been analyzing data to optimize production and processes for many years to drive performance. However, the sheer volume, variety and velocity of data being generated today – along with the new business intelligence tools available – has the potential to deliver even bigger financial and productivity gains in Asia Pacific and across the globe.

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Expanding Business Reach Through Cloud Innovation
23-October-2014

Cloud computing adoption is accelerating throughout the Asia Pacific region, with the trend being all the more prevalent in Singapore. As the local government continually strives to position the country as a regional cloud hub, Singapore businesses are also increasingly realising the advantages of having a cloud strategy in place. According to a global study released by Oracle in 2013, Singapore companies have the highest cloud adoption rates worldwide at 94%, surpassing even the global average (71%).

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Nestlé Lanka PLC Announces Management Change
21-October-2014

Mr. Ganesan Ampalavanar, currently Managing Director of Nestlé Lanka PLC, will assume the position of Managing Director of Nestlé - Vietnam with effect from February 1, 2015.

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Sri Lankan stocks at 6-wk closing low on profit taking; earnings awaited
21-October-2014 Reuters

Sri Lankan stocks fell for the fourth straight session on Tuesday to hit a 6-week closing low, a day after the government announced it would hold a presidential election in January, nearly two years ahead of schedule. Most local investors offloaded positions to cut losses, dealers said. President Mahinda Rajapaksa is expected to run for a third six-year term. The poll schedule announcement came amid signs Rajapaksa's popularity is fading after accusations that his party is abusing power.

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ROYAL RUGBY FIESTA 2014
21-October-2014

The Royal College Group of ’91 is holding their annual Touch Rugby tournament, ‘Royal Rugby Fiesta 2014’ for the 13th consecutive year on Saturday 01st November 2014 at CR & FC grounds, kicking-off at 1.00 pm.

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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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SriLankan Airlines takes Delivery of New A330-300
31-October-2014

In a major milestone signifying the beginning of a new era, national carrier SriLankan Airlines’ new Airbus A330-300 touched down at the Bandaranaike International Airport in Katunayake, to a ceremonial welcome at an event attended by the Minister of Civil Aviation, Deputy Minister of Civil Aviation, Secretary to the Ministry of Civil Aviation, Chairman of SriLankan Airlines, Aviation officials, Corporates, Diplomats, members of the clergy and eager employees.

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HOLCIM LANKA TO SHARE TECHNICAL EXPERTISE FOR ROOM TO READ’S SCHOOL AND LIBRARY CONSTRUCTION PROJECTS IN SRI LANKA
31-October-2014

Holcim Lanka, the leading cement manufacturer in the country, has entered into a strategic agreement with the global non-profit organization, Room to Read, to provide technical expertise on construction along with cement at a discounted rate for its library and school construction projects around the country.  Holcim Lanka is mindful of its social responsibility to its stakeholders and is especially cognizant of how valuable education can be in transforming lives, stimulating economic growth, and creating a diverse and skilled workforce for nations and companies.

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Ford Announces 2014 Conservation and Environmental Grants Recipient in Sri Lanka
31-October-2014

Ford Motor Company, together with its local partner Future Automobiles, today awarded a US$20,000 (approximately 2,607,000LKR) grant to the Field Ornithology Group of Sri Lanka (FOGSL), the 2014 Ford Conservation and Environmental Grants Programme recipient in Sri Lanka. The environmental grant will allow FOGSL to facilitate the promotion of the study of birds, or ornithology, and environmental conservation and social interactions in Sri Lanka.

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Hutch Reaches Out: Eight Regional Hospitals to Benefit from Patient Management System
31-October-2014

In a landmark initiative that began in early October this year with a pilot project at the Teaching Hospital in Batticaloa; Hutchison Telecommunications Lanka “Hutch” is supporting one of the most significant aids to the regional Healthcare Service in Sri Lanka. Hutch announced that it is putting its support behind the roll out of an advanced Patient Management System that is set to revolutionise patient data collection and management especially within the areas of Neonatal and Child care.

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GREE the number one air-conditioning systems brand affirms commitment to maintain strong presence in Sri Lanka
31-October-2014

GREE Lanka Private Limited, a fully-owned subsidiary of George Steuart Solutions, has become a formidable contender in the air-conditioning segment. A well-known Chinese brand, GREE is the preferred choice in air-conditioning solutions amongst construction professionals globally. In Sri Lanka, GREE Lanka (Pvt) Limited caters to the needs of all residential, commercial and industrial properties.

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Barracuda Networks Inc. launches IT solutions in Sri Lanka
30-October-2014

Barracuda Networks, Inc., the world’s leading IT solutions provider kicked off its presence in Sri Lanka with the launch of a range of industry-leading solutions designed to solve mainstream IT problems – efficiently and cost effectively – while maintaining a level of customer support and satisfaction second to none. Barracuda Networks, Inc., a leading provider of cloud-connected security and storage solutions, also announced its new Data Protection Plus strategic initiative, aimed at helping customers access, retain and share critical data from anywhere and any device. As part of this initiative, Barracuda is announcing several major enhancements and new releases across its portfolio of cloud-connected backup, archiving and productivity solutions, as well as the acquisition of C2C Systems, a leading provider of information management, email archiving and PST management solutions.

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Unilever Sri Lanka emerges as top Award winners at NIOSH Excellence Awards 2014
29-October-2014

Unilever Sri Lanka proved their strength as a company which is dedicated to Occupational Health and Safety by emerging as the Excellence Award winners at the recently held National Safety and Occupational Health Excellence Awards 2014 at the BMICH on 20th October 2014.  These awards were presented to Unilever Sri Lanka LTD at the above event, hosted under the patronage of National Institute of Occupational Safety & Health (NIOSH) by Hon. Prime Minister Mr. DM Jayaratne and Labor & Labor relations minister Hon. Mr. Gamini Lokuge.

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CDB Wins Bronze at SLIM Brand Excellence Awards 2014
29-October-2014

Citizens Development Business Finance PLC (CDB) outperformed several high profile service brands, winning a coveted Bronze Award at the recently held SLIM Brand Excellence Awards 2014 at the BMICH. CDB excelled in the fiercely contested “Service Brand of the Year” category, which recognizes the most effective service brands from amongst numerous competitors in the fields of banking, insurance and telecommunication and among other service sectors.

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99X Technology wins Gold and Silver at NBQSA 2014
29-October-2014

It was a victorious night for 99X Technology at the National Best Quality ICT Awards (NBQSA) 2014 as it was honoured with top accolades at the prestigious event, in recognition of its drive for excellence and innovation in software products. In its second year of participation in Sri Lanka’s only national event dedicated to recognising talented individuals and innovation in software products in the local ICT industry, 99X Technology first received the Gold Award in the ‘Media and Entertainment’ category for the mobile app ‘Televisionary’. ‘Televisionary’ was then adjudged second to only one product in all the categories among 47 commercial products built by Sri Lanka’s top IT entities, when it received the Overall Silver Award of the night.

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Sri Lanka and West Indies cricket teams pick Dickwella Resort & Spa
29-October-2014

Dickwella Resort & Spa, Browns Hotels & Resorts’ unique property positioned on a peninsula along the southern coast of Sri Lanka, played host to the Sri Lanka and West Indies A cricket teams recently. Cricketing legend, Sir Viv Richards was also present. Participating in the West Indies A tour of Sri Lanka 2014/15, both teams, accompanied by their coaches, managers and officials stayed at Dickwella Resort & Spa during the 1st and 2nd unofficial Tests played at Hambantota and Matara respectively.

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Velvet Crowned ‘Brand of the Year’ Accolade at SLIM Excellence Awards 2014
29-October-2014

Velvet, Sri Lanka’s No.1 beauty soap brand clinched three Gold awards including the highest accolade of the night; Brand of the Year 2014, at the recently concluded Sri Lanka Institute of Marketing (SLIM) Brand Excellence Awards 2014. Velvet triumphed winning Gold awards for both the Local Brand of the Year and Product Brand of the Year categories.

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Sunquick’s Sri Lankan Success Story Wins Prestigious SLIM Brand Excellence Award
29-October-2014

Sri Lanka’s fruit juice category market leader, Sunquick's success story in Sri Lanka has been recognized and awarded the prestigious SLIM  Brand Excellence  Award  2014 in the category of   International Brand of the Year. Expressing his satisfaction of the brand's performance, C. W. Mackie PLC - Executive Director, Mangala Perera said that despite a turbulent macro environment and market conditions, Sunquick was able to increase the market share as the category leader while securing both top line and bottom line growth., “Our local adaptations really indicate the market acceptance of the brand and the loyalty of the masses towards Sunquick brand."

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Commercial Bank launches ‘PAYCOM’ Sri Lanka’s first multilingual Mobile POS application
29-October-2014

The Commercial Bank Ceylon and Paycorp International (PYCI), a leading provider of enterprise payment processing solutions to banks, corporates and industry specific vertical markets, have formed a strategic alliance to launch ‘PAYCOM,’ Sri Lanka's first Multilingual Mobile POS solution. The PAYCOM solution will allow any business to accept credit card and debit card payments anywhere, any time.  Businesses can simply download the PAYCOM app to an Android or IOS smart phone or tablet and choose their preferred language, Sinhala, Tamil or English to perform transactions.

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Jaffna IT Week 2014
28-October-2014

The ‘Jaffna IT Week’, scheduled to be held from 3 to 6 December 2014, is an industry initiative for inclusive growth and reconciliation, driven by SLASSCOM, and supported by the Export Development Board (EDB), Information and Communication Technology Agency of Sri Lanka (ICTA), Ministry of Education (MOE), University of Jaffna and the Yarl IT Hub.

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COLLABORATION IS THE CORNERSTONE OF EXCELLENCE IN HEALTHCARE DELIVERY
27-October-2014

Eminent clinicians and members of the Sri Lankan Orthopedic Association came together for their Annual Conference to discuss critical issues relating to Orthopedics and trauma and to raise the benchmark on the quality of healthcare services in Sri Lanka. Dr K Sridhar, Senior Neurosurgeon, Director: Institute of Neurosciences and Spinal Disorders at the Global Health City Chennai India was  invited as a Guest of the conference to speak to the distinguished audience on complex spine surgeries like Scoliosis and Cervical Spine problems.

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JAT Holdings CSR Venture gets under way - FOUNDATION LAYING OF RS 30 MILLION ‘CSR’ VENTURE
27-October-2014

In an attempt to further reduce maternal deaths in Sri Lanka, the foundation laying ceremony for the estimated Rs. 30 million state of the art JAT Training and Simulation Centre was held on the 27th of October.   The JAT training and Simulation Centre will be set up under the auspices of the Sri Lanka College of Obstetricians & Gynaecologists (SLCOG.) at Model Farm Rd, Colombo 8.

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Looking for Business Prosperity with Referral Marketing?

Join the Synergy Chapter (Sri Lanka) of Business Network International
27-October-2014

The Synergy chapter of Business Network International will be launched on Wednesday the 29th of October 2014, from 5 pm to 7 pm at the 4th level of Access Towers, 278, Union Place, Colombo 02. This is the second successful Sri Lankan chapter representing BNI worldwide with a representation from a diverse field of industries.

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Emirates and Australian Open serve up multi-year deal
27-October-2014

Emirates and the Australian Open have announced a new Grand Slam partnership, launching a multi-year deal that will see the two global brands unite for the first time. Sir Tim Clark, President of Emirates Airline, said the new deal reflected the airline’s commitment to tennis and its strategic ambition to promote Australia as a travel destination. “The Australian Open is a first class sporting event drawing a truly global audience to Melbourne Park each summer, while millions more watch the action on screen,” Sir Tim said. “Our commitment to the Australian Open and the Emirates Australian Open Series is a natural extension of our existing tennis sponsorship portfolio around the globe, which now includes three of the four Grand Slams.

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Huawei smartphone shipments up 26% in Q3 to 16.8 mln
27-October-2014

Huawei announced its Consumer Business Group (BG) financial results for Q3 2014. In this quarter, the Consumer BG shipped a total of 32.03 million devices, including 16.8 million smartphones, reflecting a year-on-year increase of 26%. The percentage of mid- to high-end devices grew an impressive 162% year-on-year, comprising 26% of all total shipments. These results further demonstrate the success of the launch of recent flagship products such as Ascend P7 and Ascend Mate7, in addition to the inclusion of Huawei in Interbrand’s 2014 Annual Best Global Brands Report, the first Mainland Chinese brand to appear on the list.

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Lanka Hospitals awarded the prestigious JCI Accreditation
26-October-2014

Lanka Hospitals today announced that it has received the highly prestigious JCI accreditation and its gold seal of approval after a rigorous onsite evaluation by an international surveyor team of most experienced and skilled healthcare experts, elevating the hospital to an exclusive group of healthcare organizations worldwide that have met every stringent clinical quality standard set by Joint Commission International (JCI) , the recognized leader in international health care accreditation.

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Sri Lanka leader spells out populist policies in 2015 budget; targets tax evaders
24-October-2014 Reuters

Sri Lankan President Mahinda Rajapaksa, who is set to seek an unprecedented third six-year term, announced a 2015 budget on Friday that trims VAT and cuts the deficit while providing a range of handouts, mainly to rural communities. The 68-year-old leader, who is also finance minister, will seek early re-election in January, his party said on Monday, seeking to pre-empt any decline in support after nearly nine years in power.

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DFCC Vardhana Bank PLC Breaks the Remittance Barrier
24-October-2014

DFCC Vardhana Bank (DVB), Sri Lanka’s fastest growing commercial bank announces the introduction of the ground-breaking Lanka Money Transfer (LMT) service which will be available within the month of November 2014. This new offering is a remittance service which allows customers, both the sender and receiver to transfer money with ease, using the banks that they trust.

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Huawei excels at SLIM Brand Excellence
24-October-2014

Huawei won the bronze award in the International Brand of the Year category, at the recently concluded SLIM Brand Excellence gala awards ceremony held at BMICH Colombo. Themed "Contender or Champ?" the awards ceremony recognised best brands in Sri Lanka and rewarded brand custodians with distinct appreciation to those organisations which deploy their resources for these brands.

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High-level panel of experts to share insights on government’s 2015 budget at CA Sri Lanka’s annual budget seminar
23-October-2014

The annual budget seminar of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will see a host of experts including business leaders who will share their insights on the government’s national budget for 2015. The seminar which will be held on Tuesday, 28th October 2014 at the Kingsbury Colombo, will see a panel session comprising of Mr. Arjuna Herath, President of CA Sri Lanka, Mr. Sajith Attygalle, Deputy Secretary to the Treasury, Mrs. Wasanthi Manchanayake, Commissioner General of the Inland Revenue, Mrs. Dhammika Gunathilaka, Senior Commissioner of the Inland Revenue, Mr. Suresh Shah, Chairman of the Ceylon Chamber of Commerce, Mr. Ronnie Peiris, Group Finance Director of John Keells Holdings, Mr. N.R. Gajendran, Partner of Gajma & Co, Mr. Duminda Hulangamuwa, Chairman of the Faculty of Taxation of CA Sri Lanka and Mrs. Sharmila Jayasekara, Partner of KPMG.

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Commercial Bank’s ‘Arunalu’ rewards brightest Year 5 Scholarship winners in Sri Lanka
23-October-2014

The Commercial Bank of Ceylon rewarded four students who achieved the 1st, 2nd and 3rd places in the island at the 2014 Year 5 scholarship examination, at a ceremony held recently with the objective of supporting their educational endeavours.

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Holcim (Lanka) Triumphs at SLIM Brand Excellence 2014
23-October-2014

Outperforming several high profile brands hailing from several different sectors and further cementing its place as one of the leading brands in Sri Lanka, Holcim (Lanka) secured the prestigious Silver Award as the Turnaround Brand of Year at the recently held SLIM Brand Excellence Awards 2014 at BMICH. The premier award program of marketing, SLIM Brand Excellence is the flagship event in the country’s corporate calendar, conducted by the Sri Lanka Institute of Marketing (SLIM). Brands are evaluated based both on a professional and academic viewpoint, comprehensive brand planning and management process; brand intent, content, process and performance.

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South African High Commissioner Chief Guest at 35th National Conference of Chartered Accountants
21-October-2014

The 35th National Conference of Chartered Accountants will be inaugurated under the patronage of His Excellency Geoff Q. M. Doidge, South African High Commissioner to Sri Lanka on Thursday, 23rd October 2014 at Waters Edge, Battaramulla. Organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), the conference which draws over 1200 chartered accountants and business leaders annually, will also feature Mr. Priyan Fernando, Chairman of Brandix Lanka Ltd, who will deliver the keynote speech at the inauguration.

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Security Companies an integral part of Country’s economic development
21-October-2014

“The private security companies of this country are important stakeholders and an integral element in the ongoing nation building exercise and as such the CEO’s of these organizations bear a vital role of accountability and responsibility in reaching the  country’s development goals” said President SLASSPA (Sri Lanka Security Service Providers Association) Major Tissa Aluwihare. To this end, the first ever CEO forum under the auspices of the Ministry of Defence and Urban Development (Civil Security) , was held on 21st October at the Hilton Residencies.

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Oracle Research – Lost and Stolen Mobiles: ‘A data disaster waiting to happen’?
21-October-2014

New research from Oracle has revealed that younger business workers are far more likely to find a way to access work data and applications on their mobile device – with or without their employers’ consent – yet they are also the most likely to lose their mobile device or, worse, have it stolen. Censuswide carried out the research on behalf of Oracle, surveyed 1,500 professionals working for global organizations: 500 in North America, 500 in EMEA and 500 in APAC.

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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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SriLankan takes delivery of first A330-300 with Thales AVANT In-Flight Entertainment
31-October-2014

Thales announces that SriLankan Airlines’ new A330-300 will be equipped with the Thales AVANTsystem. With this milestone, SriLankan Airlines becomes the first to take delivery of Thales’s latest generation system for the Airbus A330. The first delivery inaugural commercial flight is expected early November.

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DIPPED PRODUCTS GROUP MAINTAINS GROWTH MOMENTUM WITH ESTABLISHMENT OF NEW FACILITY
31-October-2014

Dipped Products PLC (DPL), a leader in the global non-medical rubber glove market, reported positive bottom line growth over the six months ended September 2014. The Hayleys subsidiary’s six month results were positively influenced by the improved performance in Q2 supported by an increase in production volume from its new facility in Biyagama.

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Brandix to inspire Sri J’pura University’s entrepreneurial pool
31-October-2014

The Brandix Group has pledged to support efforts by the University of Sri Jayewardenepura to stimulate invention and innovation as one of the initiatives of the latter’s World Class University Project. As a first step in this partnership, the Brandix-led start-up seed accelerator Disrupt Unlimited accepted an invitation to be one of the presenters at a recent workshop organised by the University at which selected inventors who have commercialised their products presented their success stories under the topics of Solutions, Ideas, Inventions, Innovations and Products/Patents.

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Lalith Hapangama wins coveted global rubber industry accolade
31-October-2014

Top local rubber industry personality and Lalan Rubbers (Pvt) Ltd. Chairman, Lalith Hapangama has become the first Sri Lankan to clinch the highly prestigious GRC Wickham Award in the technology commercialization segment.

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CANNES LIONS ANNOUNCES LIONS INNOVATION FESTIVAL
31-October-2014

Cannes Lions has today announced the launch of the Creative Data Lions and expanded Innovation Lions which will form part of a new, two day Lions Innovation Festival within next year’s International Festival of Creativity.

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CHC’s Polonnaruwa Resort Collection partners ‘Treasure Hunt Mega Fam Trip 2014’
31-October-2014

A delegation of 57 French Travel Agents, visited Sri Lanka recently on the ‘Treasure Hunt Mega Fam Trip 2014,’ a familiarisation tour held with the objective of generating significant inbound tourism from the French market. The Ceylon Hotels Corporation’s (CHC) Lake Hotel Polonnaruwa was among the hotels that played host to the delegation.

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Sri Lanka Celebrates Two Years Without Malaria: Sustained financing and vigilance needed to safeguard success
29-October-2014

Sri Lanka has not reported a local case of malaria since October 2012. If it can remain malaria-free for one more year, the country will be eligible to apply to the World Health Organization for malaria-free certification. This remarkable success was achieved rapidly and largely during a protracted civil war. As recently as the year 2000, Sri Lanka had over 100,000 cases of malaria.

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Mobitel’s ‘ONE’ Fuel Card Solution at LAUGFS sheds islandwide
29-October-2014

Mobitel tied up with LAUGFS Holdings recently in an initiative to introduce an efficient Near Field Communication (NFC)-based ‘ONE’ fuel card solution that could be utilised at all LAUGFS filling stations islandwide. The ‘ONE’ fuel card is a direct replacement for the manual fuel books and receipts, and comes with a unique transaction administration platform which allows corporate customers to view all the fuel transactions and settlement information in real-time.  The inherent features of NFC technology permits transactions to take place in a secure, fast and efficient manner to bring greater control and convenience for card users and administrators.

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Sri Lanka Telecom expects $30.6 mln profit in 2014 -govt
29-October-2014 Reuters

Sri Lanka's leading fixed line telephone operator Sri Lanka Telecom will post a net profit of 4 billion rupees ($30.58 million) in 2014 and 4.2 billion rupees next year, a document tabled in the country's parliament showed on Tuesday. Sri Lanka Telecom, in which the government is the major stakeholder, is also expecting a net profit of 4.43 billion rupees in 2016, a document presented to parliament by the Ministry of Telecommunication and Information Technology showed.

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UTE Supports Equipment Longevity with CAT® Care Seminars
29-October-2014

Recognising the importance of focusing on preventive maintenance of capital equipment, United Tractors and Equipment (UTE) organized a series of regional seminars, the latest of which was held in Pelmadulla, Ratnapura. The competitive nature of commercial business makes it vital for any organisation to stay customer focused and provide swift, responsive service. It was with this in mind that UTE hosted these particular seminars, with the idea of extending the longevity of Construction equipment - while creating long term value for loyal customers.

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SriLankan Airlines and Qantas codeshare mulls boost in tourism
29-October-2014

A new codeshare agreement between Sri Lanka’s national carrier SriLankan Airlines and Australia’s flagship carrier Qantas Airways announced in September 2014, came into effect from the 26th of October paving the way for increased tourism potential between Sri Lanka and Australia. Passengers travelling to/from Australia on Qantas will have the opportunity of connecting to/from SriLankan Airlines’ thrice daily service from Singapore to Colombo.

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CA Sri Lanka honours Deshamanya Charitha de Silva with 2014 Lifetime Achievement Award
29-October-2014

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently paid tribute to an eminent Chartered Accountant, Deshamanya Charitha Prasanna de Silva in appreciation of his outstanding contribution to uplift the accounting profession, the institute and the nation.

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Pearson - Edexcel holds successful leadership programme for student leaders
29-October-2014

Due to popular demand, Pearson-Edexcel successfully hosted a leadership workshop for student prefects on October 23rd at the BMICH. Themed “Inspiring Tomorrow's leaders today” the event followed the success of a previous programme held in 2012. Pearson-Edexcel firmly believes in the importance of cultivating leadership qualities, beyond achieving academic excellence. Therefore, in addition to the regular qualification awareness programs and principals' forums they organise, Pearson-Edexcel periodically holds leadership programmes in order to encourage students to be well-rounded.

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Apparels dominate Mercantile Volleyball championships
29-October-2014

The apparel factories dominated this year's Mercantile Volleyball Tournament conducted by the Mercantile Volleyball Association of Sri Lanka recently at the National Youth Centre courts at Maharagama. Hasantha Perera (Textured Jersey Lanka PLC) emerged the Most Outstanding Player at the tournament which was full of excitement was held in three categories - Super League, Championship and Division A.

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Brandix Group excels at 2014 Mercantile Volleyball finals
29-October-2014

The Brandix Group asserted its supremacy in Volleyball when Group companies won two of the four championships, were runners-up in three and emerged second runner-up in three of the finals at the 2014 Mercantile Volleyball Men’s and Women’s Tournament. Textured Jersey Avissawella won the Super League Men’s Final defeating Brandix Apparel Solutions Limited (BASL) – Intimate Apparel, Welisara, while BASL – Intimate Apparel, Mirigama took the Women’s championship at the finals worked out on Sunday, 26th October.

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Emirates says
‘Hello Budapest’

28-October-2014

Emirates, a global catalyst of trade and business, has launched a daily non-stop service to Budapest, marking its first entry into Hungary. Emirates’ daily flight to Budapest is operated with a wide-body Airbus A330-200 aircraft in a two-class configuration. The inaugural flight today was welcomed by Jost Lammers, Chief Executive Officer, Budapest Airport, along with partners from the travel trade and local media, at a special reception held at the airport. A contingent comprising His Excellency Zoltan Jancsi  - Ambassador of Hungary to the United Arab Emirates and other business leaders, accompanied by senior Emirates representatives, was present on the inaugural flight.

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Fashionable Ladies’ work-wear collection from CLOSET exclusively at ODEL
27-October-2014

CLOSET is the new and elegant Ladies’ work-wear collection now available at all ODEL outlets. The range is one of the most fashion-forward, sophisticated and chic lines of clothing for progressive working ladies, the company said. Featuring detailed tailoring and contemporary silhouettes in refined tones of nude, monochrome and vibrant bursts of colour, CLOSET showcases diverse Ladies’ work-wear ranging from dresses, tops, high waist skirts, cropped pants and blazers tailored to perfection with meticulous attention to detail.

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Commercial Bank opens branch No 239 at Urubokka in Deep South
27-October-2014

The Commercial Bank of Ceylon has strengthened its presence in the deep south of Sri Lanka with the opening of a branch at Nugasevana, Urubokka, in the Matara District. The Bank’s 239th branch in Sri Lanka, the new branch was formally declared open by Commercial Bank Chairman Mr Dharma Dheerasinghe in the presence of the Managing Director/CEO Mr Jegan Durairatnam, Chief Operating Officer/Director Mr S. Renganathan and other senior officials of the bank.

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Hemas Holdings Chooses SAP HANA® Enterprise Cloud to Drive Business Transformation
27-October-2014

SAP AG (NYSE: SAP) today announced that Hemas Holdings PLC has partnered with SAP to deploy SAP HANA Enterprise Cloud, a world-class cloud hosting service for applications, platform, and maintenance across its entire group to improve large scale business transformation. With SAP HANA® Enterprise Cloud, Hemas brings together the ease of the cloud with the industry-leading innovation and performance of SAP HANA.

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Logiwiz - The best B2B Brand at SLIM Brand Excellence 2014
26-October-2014

Participating in the SLIM Brand Excellence Awards for the first time, Logiwiz was recognized as the B2B Brand of the Year at the SLIM Brand Excellence Awards Ceremony held recently at the BMICH. A fully-owned subsidiary of the Hayleys Advantis Group, Logiwiz is the Third Party Logistics brand within the Transportation and Logistics arm of Hayleys PLC, one of Sri Lanka’s pre-eminent multinational conglomerates.

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Asian University for Women to host Women's Empowerment and Education Event in Colombo
26-October-2014

On Tuesday 28th October, Dr. Fahima Aziz, the Vice Chancellor of the Asian University for Women (AUW) located in Chittagong, Bangladesh will host 'Educate. Inspire. Empower: An Evening for Women's Education and Empowerment' in Colombo. The event will bring together women's empowerment leaders and educators from across sectors, in support of strengthening regional networks in these fields.

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CIC Healthcare, Nurturing Life through Excellence and Innovation
24-October-2014

The Healthcare and Consumer Division of CIC Holdings PLC, has been at the forefront of the healthcare industry in Sri Lanka for decades. Dedicated to saving and improving lives using world-class pharmaceuticals and medical devices, CIC plays a crucial role supporting the health and well-being of Sri Lankans across the island.

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Samsung refrigerators save energy and money with digital invertor technology
24-October-2014

Digital technology leader, Samsung Electronics is helping consumers save both energy and money with its range of digital invertor refrigerators. Samsung’s energy saving technology is tried and tested globally and most Samsung’s refrigerators now use state-of-the-art digital invertor technology to reduce their energy consumption by up to 36 percent. As a result, consumers are able to save energy and reduce their electricity bills at the same time.

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Eden Resort & Spa kicks off upcoming festive season
24-October-2014

Eden Resort & Spa kicked off the upcoming festive season with the all-important, traditional Christmas cake mixing ceremony. This annual ritual was held in the presence of distinguished repeat in-house guests of Eden along with the hotel’s staff members.

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Sport 1st together with Mobitel launches ‘The Platinum Awards 2014’
23-October-2014

The National Mobile Service Provider Sri Lanka Telecom Mobitel in partnership with Sport  1st recently announced the launch of Platinum Awards 2014, an award ceremony benchmarked as the pinnacle of sporting achievements. The Platinum Awards will Reward and Recognize Sri Lankan sports stars for their efforts in keeping the passion of sports alive in the hearts of millions of Sri Lankans.

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4Ever Skin Naturals prove brand excellence with a philosophy beyond the balance sheet
23-October-2014

The 13th SLIM Brand Excellence awards held at the BMICH crowned a truly home grown, community conscious brand, with the bronze award for Brand of the Year for the SME sector. 4Ever Skin Naturals glowed radiantly at the awards show, when the distinguished panel of judges chose them as a champion amongst more than a hundred contenders for the category.

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TBWA\Sri Lanka shines @ Spikes Asia 2014
23-October-2014

At the recently concluded Spikes Asia Festival of Creativity, TBWA\Sri Lanka walked away with 3 metals and a finalist accolade.  The recognition came with a Silver Spike in the Design category for the Vesak Print Ad – “Space to Pray” for AIA Insurance and 2 Bronze Spikes in the Radio category for “Sparks” Electric vehicles.  The Finalist was for the Outdoor category for the AIA Insurance Vesak ad.

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Micromax launches new range of Android smartphones for Lankan market
21-October-2014

Micromax, India’s largest mobile handset company and among the highest monthly mobile selling brand in Sri Lanka recently introduced a wide range of new, innovative and affordable Android smartphones to the local market. Upping the ante in the smartphone sector, the new range of smartphones are economically priced and ideal for mobile users to experience the best that Android has to offer.

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SriLankan’s FlySmiLes partners Cinnamon Air
21-October-2014

FlySmiLes, the national carrier’s frequent flyer programme, and Sri Lanka’s acclaimed domestic air services provider, Cinnamon Air, entered into a partnership that allows the FlySmiLes members to earn and redeem miles when flying with Cinnamon Air.

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Sadaharitha The Proud Strategic Partner of International Forestry and Environment Symposium - 2014
21-October-2014

19th International Forestry and Environment Symposium will be held on 24 and 25 of October this year at Araliya Resort and Spa, Sigiriya with the participation of eminent senior scientists of Sri Lanka and around the world, policy makers and industry. This event is the oldest symposium in forestry and environment sectors in the South Asian region and it is annually organised by the Department of Forestry and Environment Science of the University of Sri Jayewardenepura.

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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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