Sri Lanka's central bank is likely to keep key monetary policy rates steady until Aug. 17 parliamentary polls, but there could be a significant cut later if a stable government is elected, Governor Arjuna Mahendran told Reuters.
The Sri Lankan rupee was steady on Friday as a state-run bank sold dollars at 133.60 to keep the currency flat, while importer dollar demand was offset by exporter greenback sales, dealers said. On Thursday, the state bank, through which the central bank usually directs the market, lowered the dollar selling rate by 10 cents from the previous session's close of 133.70.
Graphic designers are the creative and strategic professionals who cater to some of the most critical needs of today’s industries from brand identities, corporate promotions to packaging design. Creating such young professionals for Sri Lanka is AOD International Design Campus that trains its students with hands-on industry required skills and the world renowned academic curriculum of Northumbria University UK. As part of this practical, industry relevant exercises that go hand-in-hand with world-class design theoretical training, AOD’s graphic students recently succeeded in designing the new range of packaging for Sri Lanka’s leading luxury Ayurvedic brand Spa Ceylon.
Continuously setting the benchmark in the fashion industry, Hameedia, Sri Lanka’s leading menswear specialist recently introduced its latest range of fashionable knitted jackets. The knitted jacket, is one step up from an unstructured casual blazer and is more flexible and extremely comfortable to wear. The knitted jacket is made from a textured composition of poly rayon which is known for being durable, shrinkage resistant and wrinkle-free.
Staying true to the spirit of Takaful, ATL (Amana Takaful PLC) announced a payment of SURPLUS to its General Insurance Policy-holders for the third consecutive year. Following Surplus Payments of 12.5% and 15% in 2012 and 2013 respectively, the board decided to award a SURPLUS of 10% for 2014, to be distributed amongst the company’s non-claimant policy-holders. Such Policy-holders will receive their payments commencing 03July 2015.
Sri Lanka’s premier non-interest based bank, Amãna Bank, in collaboration with MMBL Money Transfer (Pvt) Limited, principal representatives for Western Union® in Sri Lanka has commenced offering a special branded gift to all its Western Union® fund recipients as a value addition this season.
National Carrier, SriLankan Airlines implemented the fifth edition of Nena Pahan Youth Development programme, which focuses on developing the talents of children of the Airline’s employees. Through the initiative, the Airline intends to nurture young talent and create a platform where they could grow in stature to become skilled professionals.
A new initiative using web seminars or ‘webinars’ to disseminate information to medical professionals on the latest developments in the treatment, management or prevention of diseases has been launched in Sri Lanka by GlaxoSmithKline (GSK) Pharmaceuticals. Intended to enable doctors to participate, from the comfort of their own homes or offices, in live webcasts of medical seminars conducted by global specialists, these webinars would enable a larger cross section of the medical fraternity to access the vast and ever expanding storehouse of knowledge on key diseases and the latest vaccines, the company said.
Ceylon Biscuits Limited (CBL), the innovator of many new taste experiences for Sri Lankan consumers recently announced the launch of Munchee BeeCee, the latest addition to their innovative portfolio of biscuit products.
Sri Lankan biz, facilitated by EDB strongly raged at the recent Kunming international fair in China notching initial an income surpassing $2 Mn-and some eager Lankan firms are still continuing in the mainland having been asked by keen Chinese firms to stay back and conclude initial agreements for future biz, as revealed on 30 June. “Minister of Industry and Commerce Rishad Bathiudeen and I led the Lankan delegation to Kunming Fair and this was a national level business delegation to China.
The Huawei P8 takes beauty to the next level, striking a flawless balance of artistry and creativity. Based on a deep understanding of human-machine design, the Huawei P8 delivers a new level of usability for applications impacting everyday life – at work and at play. With craftsmanship that pushes the bounds of possibility and new revolutionary light painting modes, the Huawei P8 provides consumers with an inspiration for creativity.
Mihin Lanka has been ranked by Skytrax as the third best low-cost airline in Central Asia and India in 2015. The airline was launched in 2007 and strives to deliver quality service by adapting to passenger needs and maintaining the highest of standards. The airline has successfully evolved into a trusted brand for travelers within the region.
Sri Lankan shares fell on Tuesday, hovering near 2-1/2 month lows, led by large caps such as Nestle Lanka Plc as political uncertainty before parliamentary elections weighed on sentiment. President Maithripala Sirisena dissolved parliament on Friday and scheduled elections for Aug. 17, in an effort to consolidate power and push through political reforms. The main stock index ended 0.16 percent, or 11.35 points, weaker at 7,020.80, hovering near its lowest close since April 15 hit on Friday.
The Bath Store, the one stop location for designer bath ware and bathroom accessories recently announced the launch of its Bathroom in a Box promotion. Combining two leading brands including Grohe fittings from The Bath Store portfolio – the offer provides luxury bathrooms for a fraction of the cost.
Bharti Airtel (“Airtel”), a leading telecommunications service provider with operations in 20 countries across South Asia and Africa, today said that it has become the third largest mobile operator in the world in terms of subscribers. As per the latest data published by WCIS, Airtel with over 303 million mobile subscribers across its operations, has moved up one position in the global rankings.
Browns Hospital Ragama recently conducted a very successful live surgery workshop on Laparoscopic procedures with the participation of over 25 participating invitee surgeons in attendance. The Laparoscopic Workshop was conducted with four surgeries (TEP,TAPP and Fundoplication) in the state-of-the-art operating theatres at the Browns Hospital Ragama and transmitted live to the invitee surgeons in the hospital’s auditorium. They not only took part in the workshop but were also a part of the theatre procedures too from time to time.
Fun, fitness, and friendship, this is the ethos of the Pedal Pushers cycling group that was formed on the 10th of March 2010 by two enthusiasts Lalanthi Rajapakse and Dharshini Ariyaratne. With a history spanning over half a decade, the ‘Pedal Pushers’ have been pedaling their way to promote a change in the mind set of cycling, perceiving it not only as a sport but a healthy lifestyle. What began as a male dominated hobby/sporting activity in Sri Lanka, has evolved into a dynamic and well participated family outdoor activity today.
To further their market presence locally as well as globally through virtual avenues of the booming e-commerce network in Sri Lanka as of current, D. Samson and Sons (Pvt) Ltd have initiated the online shoe shopping site www.footcandy.lk for the Sri Lankan public.
A much-loved and household name, that is DSI, has stepped up their mark with their latest venture where shoe shoppers can now conveniently buy shoes from not only local but also internationally recognized brands online and get it delivered free of charge, anywhere around the country.
The workshop on ‘Insights into Enterprise Resource Planning Implementation’ organized recently by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), saw an impressive gathering of professionals representing both private and public sectors in the country.
Just as Sri Lanka vies for China’s booming export market, the country also yearns for imports from China-and Sri Lanka is an ‘important location’ in China’s strategic Silk Road Economic Belt project and China’s new “World Bank”, as revealed on 02 July.”Sri Lanka is an important link in China’s $40 Bn Silk Road Economic Belt, which is a mutually beneficial project for both Sri Lanka and China. We also are pleased of Sri Lanka joining the Asian Infrastructure Investment Bank (AIIB) this June” said Xiong Yan (Director-Yunnan Daily Press Group International Communication Center) on 02 July in Colombo.
DHL Express, the world’s leading international express services provider, has been named one of the 2015 Top 20 ‘Best Companies to Work For’ in Sri Lanka, announced recently by the Great Place To Work® Institute. This indicates that DHL has scored highly on dimensions of pride, credibility and camaraderie. In the overall rankings, DHL Express Sri Lanka is the only multinational corporation in the transportation/logistics industry to be named among the Top 20 this year.
Themed ‘Will you race ahead of the rest?” the 14th SLIM Brand Excellence invites brands to take up the challenge of racing ahead of the rest and fight head-on in the business world to be the “Champion”!
The much awaited SLIM Brand Excellence kicked off with a briefing for media, judges and participants held at Hilton Residencies (JAIC) on 30th June, 2015. This is the flagship event organized by the national body of marketing; Sri Lanka Institute of Marketing (SLIM) with its mandate to initiate, enrich and uplift best practices in marketing.
The Commercial Bank of Ceylon has commissioned the first of a new generation of automated cash deposit terminals that completely eliminate the use of paper, in another example of the Bank’s continuing investment in Green technology and sustainable development. Dispensing with deposit slips and envelopes, the new machine installed at the Bank’s Rajagiriya branch has a stacker that can accept and count up to 200 notes at a go, enabling customers to make deposits of up to Rs 200,000 at a time into savings or current accounts, 24 hours of the day.
The Colombo Stock Exchange (CSE) has embarked on paperless meetings using iPad enabled BoardPAC technology supplied by IronOne Technologies (Private) Limited. BoardPAC is a leading iPad enabled Board meeting automation solution and is the principal platform for paperless governance in more than 15 countries regionally including Malaysia, South Africa, Singapore, Bangladesh and Indonesia.
Two decades ago, with the rapid growth of Information Technology in Sri Lanka, IT community felt the need of an extraordinary meeting place for the entire industry. In 1992 Sri Lanka celebrated the advent of the flagship ICT Exhibition Infotel. It progressed with more dynamism each time it was held.
Inflation, as measured by the change in the Colombo Consumers’ Price Index (CCPI) (2006/07=100), which is compiled by the Department of Census and Statistics, declined marginally to 0.1 per cent, on an year-on-year basis in June 2015, from 0.2 per cent recorded in May 2015. Annual average inflation declined from 1.9 per cent in May 2015 to 1.7 per cent in June 2015. However, CCPI increased by 1.0 per cent from May to June 2015.
The conclusion of the workshop “Linking HR Strategy with Business Strategy” conducted by the Colombo Leadership Academy brings to an end a two-day master class on the inner workings of Human Resources best practices to create people centric businesses.
The program conducted at the Kingsbury Hotel in collaboration with People Business India focused on aligning human resources with strategic business growth, articulating and implementing compelling Employee Value Propositions (EVP), identifying and developing employee potential, building a high performance organisation and business transformation through leadership transformation.
Former Sri Lankan president Mahinda Rajapaksa said he would run for prime minister during next month's parliamentary elections, a move that is likely to infuriate rights groups as he is accused of war crimes in a civil war. "I accept the request to contest the election," Rajapaksa said on Wednesday, referring to the Aug. 17 parliamentary polls when the island nation is set to choose its prime minister.
Unilever Sri Lanka affirmed its commitment to diversity and inclusion, bagging three awards at the Professional and Career Women Awards 2015, hosted by Women in Management, at a recently held ceremony. Chairperson Shazia Syed won the award for ‘Best International Woman Leadership’, whilst the company was recognized as the ‘Best Private Sector Company for Gender Equality Promotion’. Head of Beauty Categories, Sharmila Bandara, was also recognized, winning the Silver Award for ‘Leadership Excellence in Marketing’.
Aviation is today one of the most rapidly proliferating fields characterized by high - tech advancements and savvy innovations. Fuelled by the global explosion of travel for business and tourism purposes, and transportation of goods among many other reasons, this blossoming industry offers lucrative job opportunities for those aspiring to become professional pilots.
Sri Lankan shares recovered on Friday from a 11-week low hit in the previous session led by market heavyweight John Keells Holdings while turnover hit a more-than-seven-week high due to a block deal in Textured Jersey Lanka. Local investors were mostly on the sidelines due to political uncertainty ahead of parliamentary elections. The main stock index ended up 0.35 percent at 7,007.05, recovering from its lowest close since April 15 hit on Thursday.
At a ceremonious gala event which took place at the Club Palm Bay Hotel in Marawila recently, C. W. Mackie PLC – Scan Product Division’s top sales performers were recognized for the year 2014/2015.
During the event, Executive Director , C W Mackie PLC .Mr Mangala Perera, who is in-charge of Internal trading business in the C W Mackie group of companies, emphasized on the fact that not only the winners but also every other employee in the company will no doubt receive recognition for their loyalty and achievements in the years come.
In an effort to enhance the local competitive gaming standard to the international, HUTCH, has come forth as the title sponsor of "GetnAiled" Gaming Challenge 2015. In its second year, “Get nAiled” will be held on the 11th and 12th of July 2015 at Liberty Plaza lobby area Colombo 03. The tournament is hosted by the gaming clan “n00b Alliance”, the first Call of Duty 4 clan in Sri Lanka with strategic partner Gamer.LK.
Emirates, a global connector of people, places and aspirations, is supporting students travelling for higher education from Sri Lanka to the USA, Europe or Australia, with an extra baggage allowance on outbound travel till end November. Available for travel booked online on www.emirates.com/lk this exclusive extra baggage allowance allows students travelling to USA one additional bag of up to 23kg, while students travelling to Europe or Australia receive 10kgs in addition to their 30kg allowance on Economy Class travel, the airline said.
Pradeep de Almeida emerged the lucky winner of the SriLankan Airlines passenger survey draw held recently at the SriLankan Airlines office in Colombo.
Since 2011 the Airline has been conducting regular surveys for passengers across the network. Started with a paper based survey form, which was later translated into 7 languages, these surveys have evolved into electronic platforms as well, enabling the Airline to capture feedback on ipads, mobile, web and feedback kiosks.
Nawaloka Hospitals had the ground breaking ceremony for the 14 floor multi-storey car park and specialist center adjacent to the existing hospital complex recently. With an investment of Rs. 2.5 billion, this fifth phase of expansion of capacity since the hospital’s inception, will add 450,000 square feet of floor area withstate-of-the-art medical facilities for each specialization, as well as 500 additional parking spaces. Prefabrication work has already commenced and expects to complete construction by May 2016.
The Galle Face Hotel, having witnessed many wedding ceremonies in its hallowed halls over centuries, is now introducing a new wedding experience, giving emphasis to its deep-rooted vintage Ceylonese history. With years of experience in creating luxury wedding experiences from across the world, the hotel’s management team, namely Mr. Antony Paton – General Manager, has now included to the Galle Face Hotel wedding experience a Wedding Salon, an exceptional luxury wedding planning platform.
The Brandix Group won the Cup Championship at the 2015 Inter-Firm Doubles Team Badminton tournament conducted by the Mercantile Badminton Association (MBA) beating Seylan Bank three games to one at the MBA Stadium.
Sri Lanka’s largest online travel company, findmyfare.com is providing a 10% discount on products purchased at Sri Lanka’s premier duty free store, World Duty Free, to all customers who make their air ticket purchases online. This special offer is part of findmyfare.com’s effort to ensure that customers enjoy more benefits and added value, when travelling with findmyfare.com. The offer is valid on all non-promotional items.
Capital Alliance, Sri Lanka’s leading full service investment bank, recently appointed Mr. Jeevan William to its Board. Since its establishment in the year 2000, Capital Alliance has become a key player in the financial markets of Sri Lanka, with a strong reputation and the ability to persistently meet client expectations by ensuring quality research, ethical dealing, confidentiality and innovation. William joins with notable experience and is dedicated to applying his diverse insights to lead the company forward to further growth and success.
Demonstrating its commitment to Jaffna and positioning itself to tap greater into the potential of the business boom in the area, Softlogic Finance PLC has considerably strengthened its presence in the Jaffna peninsula. Softlogic Finance’s Jaffna branch has been moved to a more convenient and spacious location at No. 62 & 64, Stanley Road, Jaffna while the new Chunnakam branch is located at No. 101 & 105, K. K. S Road, Chunnakam. The two fully-fledged branches will offer the full range of services including Business Loans, Fixed Deposits, Gold Loans, Group Personal Loans, Leasing and Hire Purchase and Savings.
Success Media is a brand name that associates itself with personality development and positive thinking programs of international caliber. The leading personality development company in Sri Lanka has also pioneered printing books on positive thinking in Sinhala language.
Huawei announced that its newest flagship smartphone, Huawei P8 will be only available in limited stocks in Sri Lanka and therefore has requested its consumers to pre-book it to avoid disappointment. Furthermore the device will also be available with selected authorized Huawei retail partners in the country.
Just weeks after being crowned overall victor and ‘International Textile Firm of the Year’ at the World Textile Awards in London, Textured Jersey Lanka PLC is on another mission to excel. The Company just announced their intent to acquire Ocean India (Pvt) Ltd, further to the disclosure made last February with regard to the initiation of independent valuations and due diligence studies with a view to acquiring a controlling stake in that company. Ocean India (Private) Limited, is a knit fabric manufacturing operation in Visakhapatnam, India (“Ocean India”).