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Removal of the 5 per cent Special Standing Deposit Facility Rate
03-March-2015

In September 2014, the Central Bank rationalised the access to the Standing Deposit Facility (SDF) of the Central Bank with a view to encourage commercial banks to utilise the substantially high amount of excess liquidity prevailing in the market to enhance credit flows to the private sector at reasonable interest rates. Consequent to the rationalisation of the SDF, overnight interest rates fell below the policy rate corridor, and the special SDF rate of 5 per cent became the effective floor for overnight money market rates.

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Commercial Bank’s ‘Anagi’ commemorates Women’s Day 2015
03-March-2015

The Commercial Bank of Ceylon will host a special programme in tribute to women’s contribution to the national economy and society on Sunday 8th March, to mark International Women’s Day. The event under the aegis of the Bank’s ‘Anagi’ Savings Account for women, will be held at the National Youth Centre, Maharagama. It will comprise of a number of competitions at a special ‘Anagi’ branded stall setup with interesting features.

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Sri Lankan stocks end weaker on higher interest rates
02-March-2015 Reuters

Sri Lankan stocks closed lower amid thin trade on Monday on rising interest rates after the central bank scrapped a lower repo penalty and priced a 30-year treasury bond at a higher rate on Friday. The central bank on Friday removed a lower repo penalty rate of 5 percent starting Monday, five months after it adopted the measure to boost credit growth.

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Microsoft Partners Ewis to Launch Local Low Cost Hybrid Tablet
02-March-2015

How do you make a nine inch tablet affordable to a Sri Lankan buyer?  The answer to this question is simple enough. It has to be designed and assembled locally and that is what EWIS has done in partnership with Microsoft. Together the two companies have come up with a winning device “EWIS T900G" at a price that is very affordable.

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Job portal Everjobs makes its debut in Sri Lanka
02-March-2015

Everjobs (everjobs.lk), the new job portal for fast growing markets, has launched today in Sri Lanka. The company’s mission is to simplify the job search and hiring process by connecting job seekers with employers in a matter of clicks. The Everjobs site offers helpful tools and intuitive features, such as a CV creation tool, easy site navigation, search filter and career tips.

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‘SKY FIESTA 2015’ ends successfully!
02-March-2015

Aviation Voice is a voluntary group who are working so hard in aviation to prepare our next generation in Sri Lanka to lead the aviation industry. Our purpose is to form various types of aviation events and to motivate kids in aviation with assistance and co-operation of all the voluntary organizations.

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E-commerce will transform Sri Lanka’ business landscape – Epitom Trinergy (head)
02-March-2015

With strong long-term fundamentals, web and ecommerce segments in Asia forecast high growth potential in 2015 and beyond whilst growing consumer markets and the continued development of the e-commerce sector will underpin its growth prospects.

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Microimage Partners HRM Awards 2014/2015
02-March-2015

For the second consecutive year, Microimage (Pvt) Ltd will be partnering with the Association of Human Resource Professionals as the official Technology Partner for the prestigious HRM Awards and Learning Conference to be held on March 6th at the Cinnamon Grand Colombo. HRM Awards 2014/2015 is conducted in partnership with AON Hewitt India, the largest human resource consulting group in the world and would benchmark the Human Resource Management in Sri Lanka with internationally accepted guidelines creating value to participating institutions.

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Amãna Bank records first profitable quarter with LKR 88.5 Million PBT
01-March-2015

Amãna Bank, Sri Lanka’s one and only licensed commercial bank operating in full conformity to the non-interest based Islamic banking model, has recorded its first profitable quarter for Q4 2014. According to the financials released to the Colombo Stock Exchange, the Bank which commenced achieving monthly operating profits in August 2014, recorded LKR 88.5 Million as Profit Before Tax for the 4th Quarter of 2014. As a result, the Bank has minimised its Loss Before Tax for the year to LKR 80.3 Million from LKR 438 Million in 2013.

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Janashakthi Records Rs. 8.9 Billion GWP Despite Challenging Industry Conditions
01-March-2015

Janashakthi Insurance PLC recorded profit before tax in excess of LKR 1 Bn as of December 31, 2014, showing healthy growth amidst regulatory change in the insurance sector. As the company celebrated two decades of existence, Janashakthi posted a Gross Written Premium of LKR 8.9 Bn as of December 31, 2014, compared to LKR 8.7 Bn in the previous year.

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Holcim Lanka hosts Concrete Week on Innovation and Application for key stakeholders
27-February-2015

Holcim Lanka recently held its first Innovation and Application (I&A) week at its new I&A centre at R. A. De Mel Mawatha to create awareness among its key stakeholders of the several value added services offered by the centre. During the week, three key events for stakeholders were organised. The Engineer and Academic Evening saw nearly 40 key engineers participate while the Contractor Evening had an attendance of  over 30 key engineers  at the workshops titled ‘Heat Control in Large Concrete Pouring’ conducted by Thomas Machai of HTEC Switzerland.

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Sri Lankan shares close higher, Ceylon Tobacco leads
26-February-2015 Reuters

Sri Lankan stocks closed firmer on Thursday, ending two straight sessions of losses, led by large caps such as Ceylon Tobacco Company Plc despite selling by foreign investors. The main stock index ended 0.18 percent higher, or 12.83 points, at 7,317.44. Shares in Ceylon Tobacco Company Plc rose 3.81 percent with 14,993 shares changing hands while Commercial Credit and Finance Plc rose 7.11 percent.

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UTE - CAT signs up promising golfer Lalith Kumara as a Brand Ambassador
26-February-2015

Lalith Kumara is a quality golfer showing tremendous promise, displayed through excellent performances throughout the years. During a special ceremony held recently, UTE signed up the promising golfer as a Brand Ambassador. “As a sport, golfers do not need to be bigger to be better,” quipped Priath Fernando, Chairman of UTE, the sole distributor for Caterpillar Construction Machines, Power Generators and Lift Trucks.

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Shift Solutions use Oculus Rift technology to create an immersive brand experience
26-February-2015

Shift Solutions, Sri Lanka’s leading creative digital agency recently used yet another innovative solution - Oculus Rift technology, to create an immersive brand experience for a leading bank in Sri Lanka. The Oculus Rift is a state-of-the-art headset that is designed by technology company Oculus VR to provide a virtual reality experience that is in a league of its own.

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The De Lanerolle Brothers join the Unity Mission Trust as Brand Ambassadors
26-February-2015

A familiar name to music lovers in Sri Lanka and across the world – Rohan and Ishan De Lanerolle have without doubt carved out a firm niche for themselves in the hearts of fans who enjoy  contemporary Sri Lankan music. The duo fondly known as the De Lanerolle Brothers, recently joined the Ekamuthu Oray Makkal Unity Mission Trust (UMT) as Brand Ambassadors, in order to help promote unity, healing and integration throughout Sri Lanka.

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What To Look For When Purchasing A Life Insurance Policy, Courtesy Janashakthi
26-February-2015

Whether fresh out of school or ready to settle down and start a family, it's important to plan for the future. At this stage in life, insurance is rarely at the top of anyone's priority list. Life insurance is an important safety net which can keep both you and your loved ones safe, and yet not many people know what to look out for when choosing a life insurance policy.

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Cannes Lions bolsters Creative Effectiveness with hands-on help
26-February-2015

As part of its commitment to assisting clients and their agencies demonstrate the value of creativity, Cannes Lions, in association with The Effectiveness Partnership, has introduced the Creative Effectiveness Advisory Scheme. The Scheme offers entrants into this year’s Creative Effectiveness Lions a consultation with senior, multi award-winning industry thought-leaders, strategists and analysts to help them craft a submission.

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Top Trends to Impact IT Landscape in 2015
26-February-2015

With new technologies emerging and dominating the way organizations and the workforce function, businesses can no longer afford to remain behind the curve. As we receive feedback from customers in Sri Lanka and the Asia-Pacific and Japan (APJ) region, we continue to be impressed by how they are using technology to drive their businesses forward. The past year has seen greater adoption of trends like big data, cloud computing and BYOD.

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Old Girl Power Grips Colombo
25-February-2015

The wait is almost over, after months of anticipation the first leg of the Girl Power Inter School Old Girls Sports meet flags off on Sunday March 1, 2015, at Independence Square, when ‘Old Girls’ from Holy Family Convent, Ladies', Methodist, Musaeus Colleges, St Paul's Milagiriya and Visakha Vidyalaya compete in the first-ever Girl Power Inter School Cycle Race.

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Success of Endane Tea Estate inspires adoption of contract plucking
25-February-2015

Nearly 15 years after becoming Sri Lanka’s first tea estate to commence ‘contract plucking’ of tea, the success enjoyed by Endane Estate managed by Kahawatte Plantations PLC offers a compelling case study, which urges other plantation industry stakeholders to follow suit in adopting the system.

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Mobitel offers Twitter without data charges for a unique cricket experience
25-February-2015

The National Mobile Service Provider, Sri Lanka Telecom Mobitel has partnered with Twitter, one of the largest social networking sites in the world, to give its valued customers the opportunity to use Twitter for free for the duration of the ongoing high octane cricketing action. The partnership will provide customers the most comprehensive platform to follow the excitement and the pulse of the world tournament, one Tweet at a time.

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External Sector Performance – December 2014
25-February-2015

Sri Lanka’s external sector remained stable during 2014 with continuous inflows being recorded in the Balance of Payments (BOP). Foreign exchange inflows to the country in terms of exports, tourist earnings, workers’ remittances, foreign direct investments (FDI) and other inflows to the financial account recorded a noteworthy growth during the year.

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Expolanka honoured at the ACCA Sustainability Awards 2014
25-February-2015

Expolanka Holdings PLC won the runners up award in the Diversified Conglomerate category for the second year running at the ACCA Sri Lanka Sustainability Awards presented by the Association of Chartered Certified Accountants (ACCA) Sri Lanka Liaison Office. The ACCA Awards honoured 14 business entities in 7 categories at this ceremony for their commitment to transparent reporting and disclosure of their environmental, social or full sustainability information within the country.

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Sri Lankan shares slip from over 1-wk high on political woes
24-February-2015 Reuters

Sri Lankan stocks ended slightly lower on Tuesday after hitting a more than one-week high in the previous session as political uncertainty weighed on sentiment despite foreign inflows. The main stock index edged down 0.21 percent, or 15.02 points, to 7,311.29, snapping a three-session winning streak. Ceylon Tobacco Co Plc fell 1.56 percent with only 55 shares changing hands.

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‘Kala Pola’ 2015 concludes with highest visitor turnout and sales!
24-February-2015

Organised by the George Keyt Foundation in association with the John Keells Group, the 22nd Kala Pola, Sri Lanka’s annual open-air art fair which was held on Sunday 25th January 2015, brought together 292 artists and over 22,000 estimated visitors in a vibrant explosion of colour along Nelum Pokuna Mawatha.

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Commercial Bank helps two community – based organisations in Elahera
24-February-2015

The Commercial Bank of Ceylon has assisted two rural community–based organisations managing water supply schemes to automate their billing with a donation of computers and other equipment. The Aththanakadawala Rural Water Supply and Environmental Society and the Ikiriwewa Pinipokuna Community based Organisation that received these donations manage two water projects in Elahera, in the Ratnapura district.

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S&T Interiors debut in Sri Lanka with Mövenpick City Hotel
24-February-2015

Services & Trade (S&T), a leading Oman based interior fit-out and contracting company with operations across 10 countries, debuts in Sri Lanka with the complete interior fit-out works contract for the 5* luxury Mövenpick City Hotel. The Swiss hospitality chain Mövenpick Hotels and Resorts, Softlogic’s first ever city hotel in Sri Lanka, is a 24-storey, 200+ guestroom contemporary five-star property in the Kollupitiya area of Colombo.

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Monetary Policy Review – February 2015
24-February-2015

Year-on-year (y-o-y) headline inflation increased to 3.2 per cent in January 2015 from 2.1 per cent in December 2014 while annual average inflation declined marginally to 3.2 per cent from 3.3 per cent recorded in the previous month. The increase in inflation in January is attributed to higher food prices, which have now broadly stabilised. The impact of the recent downward price revisions of domestic petroleum prices as well as of essential consumer items would be reflected in official price indices from February, which would result in a considerable downward shift in inflation in the period ahead. Accordingly, it is expected that inflation, which has registered single digit rates in the post-conflict period, will continue to remain comfortably low in 2015.

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MINO helps saves lives from the dreaded dengue menace
23-February-2015

Ever since its first outbreak in 1965, Dengue has had our island home of Sri Lanka in its vice-like grip. During the past two months of 2015, 6996 suspected Dengue cases have been reported to the Epidemiology Unit from all over the island, with 46.34% of reported cases concentrated in the Western Province alone.

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Regus Country Manager Dr. Nirmal De Silva honoured for Business Leadership
23-February-2015

Dr. Nirmal De Silva, the Country Manager for Regus Sri Lanka, received a Merit Award for Business Leadership at the “Australian Alumni Excellence Awards 2015”. The awards ceremony, which was held for the 7th year, took place at the TajSamudra Hotel recently.

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Cutting edge genomic diagnostics and prediction now in Sri Lanka
23-February-2015

Medical history was created in Sri Lanka when Credence Genomics, the Country’s first and only commercial Biotechnology venture, equipped with Next Generation Sequencing technology was launched on Friday 20th. The farsighted team behind this pioneering venture – Dr. Vaz Santosh Gnanam, Raj K. Omprasadham, Ananda Atukorale and Malaka Talwatta - have succeeded where few have dared to venture and are the first such entity in Sri Lanka, and in fact are amongst a handful in the world at the forefront of this field.

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CSE increases stakeholder engagement through Social Media
03-March-2015

The Colombo Stock Exchange (CSE) today announced the launch of Facebook and LinkedIn Pages to ensure greater engagement with stakeholders through social media channels, in its endeavour to broad-base investment amongst the masses. The Facebook Page intends on reaching retail investors and students who are eager to receive information on upcoming awareness programmes and informational snippets on investing in the Stock Market.

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Calcey highlighted by Gartner
03-March-2015

Calcey Technologies, an innovative software product engineering firm with offices in San Francisco, California and Sri Lanka, was mentioned by Gartner as one of the delivery capable offshore software development providers from Asia Pacific. According to the company 5000 plus Fortune® 500 employees are using Calcey applications daily and 6 active Fortune® 500 enterprise mobile applications have been developed by the Calcey team in Sri Lanka.

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Huawei unveils its big ideal, “Dreams Inspire Creativity” at Mobile World Congress (MWC)
02-March-2015

Huawei Consumer Business Group (BG)  unveiled its new brand concept (ideaL), “Dreams InspireCreativity”, alongside a series of innovative wearable devices, bringing consumers a smart and limitless experience at Mobile World Congress (MWC) 2015. The new brand 2.0 concept communicates internal spiritual motivations, defining “it” as the power of dream and innovation and building intensive emotional connection with consumers.

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Aitken Spence Logistics Enhances Operations with Successful deployment of Oracle Warehouse Management
02-March-2015

Aitken Spence Logistics, a premier local logistics and freight forwarder, part of the Aitken Spence Group has successfully deployed Oracle Warehouse Management including third-party billing for Logistics Service Providers (LSP). This deployment, which integrated with their Oracle E-Business Suite, has enabled them to adapt readily to their changing billing requirements, and enhance their customer satisfaction by providing custom solutions. In addition, they provide their management with accurate financial status of the organization

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CDB Launches Salary Plus Account
02-March-2015

Recognising the importance of proper income management and inculcating the habit of saving amongst the people, Citizens Development Business Finance PLC (CDB) launched its innovative Salary Plus Savings Account recently, expanding its portfolio of financial solutions. Alongside this, CDB has also created a special “CDB Salary Manager” App to help people easily keep track of their expenses on the go.

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COOPFED in association with Prime Colour Tex Company launches COOP LIGHT CFL bulb
02-March-2015

Prime Colour Tex Company joined hands with COOPFED (Sri Lanka Consumer Co-operative Societies’ Federation LTD) to introduce the COOPLIGHT CFL bulb. According to the producers The COOPLIGHT CFL bulb manufactured with Korean technology saves power consumption by 80 percent. Launch of the new CFL bulb in line with COOPFED’s energy conservation program coincided with the 25th anniversary of COOPFED.

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Hemas Piyawara clinches JASTECA CSR Gold Award 2014
02-March-2015

Piyawara, the flagship CSR initiative of the Hemas Group clinched the overall Gold Award at the JASTECA CSR Awards 2014. Executive Director of the Hemas Outreach Foundation Shiromi Masakorala received the award from Chief Guest H. E. Nobuhito Hobo, Ambassador of Japan to Sri Lanka at the awards gala at the Galadari Hotel in Colombo.

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Royal College Union launches FLOREAT Privilege Card
01-March-2015

 

The Royal College Union formally introduced its most ambitious project to-date, the FLOREAT privilege card at a press conference held at the Royal Skills Centre. The event was attended by distinguished members of the Royal College Union, representatives of the vendors who have partnered with the privilege card, representatives from Sri Lanka Telecom Mobitel - technological partner for the project and members of the media.

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Revitalizing a growing construction industry in Sri Lanka and promoting consumer education
01-March-2015

Sri Lanka’s construction landscape has seen an upward trend over the past few years due to urbanisation, economic development and increased consumer spending across the construction industry. Building construction, highways, bridges, water supply and drainage, irrigation, dredging and reclamation are some of the predominant aspects of the industry which have contributed to this boom and are slowly changing the face of Sri Lanka’s landscape.

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New Green Initiatives of Hayleys Agriculture captures the Attention of Global Food Giants
01-March-2015

HJS Condiments Limited, the agri food export arm of Hayleys Agriculture was certified as a CarbonConscious® and WaterConscious® manufacturer recently. These certifications were obtained by signing up for a three-year programme of regular monitoring, reassessments on the mitigation of carbon emissions and water consumption of the operations, with the Carbon Consulting Company (CCC). Thereafter consultants of CCC assessed and quantified the total amount of greenhouse gasses (GHGs) emitted from various aspects of HJS Condiments’ operations for a period of 12 months and conducted a comprehensive audit of their Biyagama factory’s water system.

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Dynasty Residence - Kandy, optimistic for completion of construction within a record breaking 20 months
27-February-2015

The Dynasty Residence apartment project being built on the banks of the majestic Mahaweli River in the ancient city of Kandy, promises to be the first and last of its kind. Construction of the much anticipated project is now underway towards a speedy completion with the date of completion set for April 2016 or sooner.This is a major achievement in the Design and Build construction industry in Sri Lanka.

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Malaysian Minister of Infrastructure at CSE Market Opening Ceremony
26-February-2015

 

The Special Envoy (Ministerial Rank) to India and South Asia on Infrastructure, Prime Minister’s Department, Government of Malaysia Dato’ Seri Utama S. Samy Vellu rang the ceremonial opening bell at the start of trading today (26th). Deputy Minister of Policy Planning and Economic Affairs Hon. (Dr.) Harsha De Silva and Chairman of the Securities and Exchange Commission Mr. Thilak Karunaratne, made their first visits to the CSE following their appointments.

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Ramani Fernando Salons partners with CFW to create the latest hair trends for the SS15 Show
26-February-2015

Always at the forefront of the fashion industry, the Ramani Fernando Salons Catwalk Team will embark on its twelfth consecutive season at one of Asia's leading fashion events – the HSBC Colombo Fashion Week’s (CFW) Spring/Summer 2015 Show. The team at Ramani Fernando Salons prides itself on creativity, and is partnering with the CFW team to set the hair trends for the season.

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Prima Kottu Mee and Prima Treats to spice up “136th Battle of the Blues”
26-February-2015

Popular youth brand Prima Kottu Mee and Prima Treats have planned to make the Big Match season more exciting and lively, this year. Prima Kottu Mee and Prima Treats have partnered with the much anticipated “136th Battle of the Blues” for the 9th consecutive year as “specialty food partner”. The Royal-Thomian Big Match will be played on 12th, 13th and 14th of March, 2015 at SSC Ground, Colombo.

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Leo Burnett continues to revolutionize the marketing communications industry in Sri Lanka
26-February-2015

Leo Burnett Solutions Inc., (LBSI) recently held a review of 2014 to reflect the success of the last year and to gear itself for the challenges of 2015. Leo Burnett marked the end of yet another successful year in Sri Lanka, celebrating its 15th anniversary in Sri Lanka this year and its 79th global anniversary.

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Hameedia’s Deputy Managing Director Hussain Sadique wins ‘Retail Leadership Recognition Award’ at Asia Retail Congress 2015
26-February-2015

Continuously setting the benchmark in the men’s fashion industry, Hameedia, Sri Lanka’s leading menswear specialist recently saw  its Deputy Managing Director, Hussain Sadique awarded the ‘Retail Leadership Recognition Award’ at the 11th edition of the Asia Retail Congress 2015. The event took place at the Taj Lands End in Mumbai and was attended by many members of the Indian and international business community. The award was presented by the global council and jury of the Asia Retail Congress in recognition of his ongoing professional efforts and his contribution to the development of the modern retail sector.

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LBCH Meets with THASL to Spread  HIV and AIDS Awareness
26-February-2015

The Lanka Business Coalition of HIV and AIDS (LBCH) recently met 22 members of the Hotels Association of Sri Lanka (THASL). The meeting was held with the aim of promoting HIV and AIDS awareness among THASL members. Dr Janaki  Vidanapathirana, Consultant Community Physician , National STD/AIDS Control Program emphasised the critical need for awareness across the country, while presenting current statistics on HIV and AIDS in Sri Lanka.

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Kelani Cables recognizes employee with CEO’s award for Sales Excellence
26-February-2015

Kelani Cables PLC, Sri Lanka’s number one brand in secure electrical and communication cables honoured its outstanding sales person for sales excellence with the CEO’s Award. The major annual award ceremony of the company was held for the fourth consecutive year at the Water’s Edge with the participation of Kelani Cables CEO Mr. Mahinda Saranapala. The CEO conferred the award to Mr. Suranga Pathirana; assistant sales manager of the kelani Cables PLC projects section.

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Trade Policy & Export Development-100 Days & Beyond
26-February-2015

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Issue of Operating Instructions on the Special Interest Scheme for Senior Citizens
25-February-2015

The Government of Sri Lanka has now finalised the procedure for implementation of the Special Interest Scheme for Senior Citizens announced in the Interim Budget 2015 with effect from 01.02.2015. Accordingly, the Central Bank of Sri Lanka issued the necessary Operating Instructions on behalf of the Government to all banks today.

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ETIHAD AIRWAYS COLOMBO OFFERS DISCOUNTED BUSINESS & ECONOMY CLASS FARES TO OVER 350 DESTINATIONS
25-February-2015

The Etihad Global Seat Sale is offering discounted fares up to 30% to guests travelling from Sri Lanka in Business and Economy Class to over 350 popular destinations in UK, Europe, South America, Middle East and Africa in corporation with Etihad Airways equity code share partner airlines across the world.

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findmyfare.com now the Accelerated Travel Partner for Sampath Bank’s American Express® Platinum Ultramiles Credit Card
25-February-2015

Sri Lanka’s largest online travel company, findmyfare.com recently joined hands with Sampath Bank as an accelerated travel partner for the American Express® Platinum Ultramiles Credit Card. The partnership enables Ultramiles cardmembers to earn five Ultramiles for every Rs. 100/- spent when making a purchase on findmyfare.com. By using findmyfare.com to book hotels and flights, Ultramiles cardmembers can accumulate a large amount of points, at an accelerated rate.

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Mercantile Volleyball Association launches Website & theme song
25-February-2015

Mercantile Volleyball Association of Sri Lanka (MVA-SL) launched its official website and the theme song at a ceremony held at Olympic House, Colombo-07 recently. The event calendar for the year 2105, details of the annual Mercantile Volleyball Tournament 2015, and the sponsors to the events were also revealed at the ceremony. Now MVA-SL's member companies, players and enthusiasts can log on to the website www.mercantilevolleyballsl.com and get information and updates about the Association's activities.

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mobiOs to Launch MMM Platform in Sri Lanka
25-February-2015

“Traditional media is fast losing its value and becoming less effective with the fast changing lifestyles and consumer patterns which are evolving on a daily basis. With less and less time being devoted to traditional media across the globe, the transfer to mobile media which is delivered on multiple screens at real time is the need of the hour”, said CEO mobiOs, Jude Tissera. Interactive Mobile Media Marketing platform [MMM] on SMS, IVR, Missed Call and Smart Phone Apps, results in instant customer engagement with measurable results.

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Fully Loaded Exide – the complete automotive battery solution
24-February-2015

Five brand new Exide Batteries were launched into the market by Exide Industries’ Sri Lankan arm, Associated Battery Manufacturers (Ceylon) Limited along with the island’s sole distributor, Brown & Company PLC. Fully Loaded Exide, an exclusive package, was also launched today, aimed at providing customers with a unique 360° experience.

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COCA-COLA’S 5BY20 PROGRAMME CONTINUES TO EMPOWER WOMEN ACROSS SRI LANKA
24-February-2015

The Coca-Cola Company’s 5by20 programme is part of a global initiative that strives to empower five million women around the world by 2020. In Sri Lanka, Coca-Cola has partnered with Women In Management (WIM) and the Ministry of Child Development and Women’s Affairs to conduct a series of entrepreneurship training programmes across the country under the 5by20 banner.

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Northwood College Celebrates Founders’ Day
24-February-2015

Northwood College recently celebrated its second anniversary and Founders’ Day. The celebration was attended by Dr. Frank Jayasinghe, an experienced educationist, Founder Principal of Wycherley International School and the present Principal of the College of World Education as the Chief Guest. The event was also attended by Hussain Sadique, the Founder Director of Northwood College and his wife Fazliya Sadique as well as the teachers and parents of the students.

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Elephant House to continue delighting ‘Battle of the Blues’ fans
24-February-2015

With Sri Lanka’s most famous ‘big match’ only a few short weeks away, fan-favourite Elephant House has once again come on board to partner what is expected to be yet another thrilling “Battle of the Blues” encounter. Announcing its partnership for 2015’s 136th Royal Thomian Cricket Match, a tournament with which it has had long-standing ties, Elephant House also committed to continuing to delight fans of this legendary school cricket showcase, slated to be held on March 12, 13 and 14 this year at the Sinhalese Sports Club (SSC), by offering its full range of products, encompassing all Elephant House Soft Drink and Ice Cream refreshments, in addition to delicious meats from the Keells Food products range.

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Commercial Bank posts strong all-round growth in challenging 2014
23-February-2015

The Commercial Bank of Ceylon PLC has ended 2014 on a characteristically strong note, withstanding challenging conditions in Sri Lanka and Bangladesh to post profit before tax of Rs 15.736 billion for the year, an improvement of 8.45%. Retaining its position as the country’s largest private bank, Commercial Bank reported profit after tax of Rs 11.180 billion, which reflected a growth of 7.03%, despite marginally lower interest income due to a drop in the rate of returns on interest earning assets.

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Viva Ginger drove Taste Revolution across Sri Lanka
23-February-2015

Malted food drink brand Viva, on its journey to reinvent and reignite the category as a thought leader recently completed a three month, island-wide consumer activation “Viva Ginger – Rasa Gamma”. 260,000 plus consumers joined with this tasty revolution by enjoying a cup of refreshing Viva Ginger beverage for free.

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Fashion Bug wins Gold for Triumph
23-February-2015

Fashion Bug, one of Sri Lanka’s leading retail clothing stores with over 16 outlets island-wide, clinched a Gold award for ‘Best Key Account Partner’ at the recent Annual Sales Conference of Triumph International held on 13th February at Hotel Galadari. Held every year and attended by its vast network of distributors and top performing retailers from all across the country, the aim of the conference was to highlight and reward their performance for the year 2014.

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Cinnamon Hotels & Resorts and Red Bull presents unique adventure Experience
23-February-2015

‘Red Bull Levels’, a unique event organized in partnership with Cinnamon Hotels & Resorts, saw over 250 participants who competed in an obstacle course conceptualized around the native traditions of stilt fishing and toddy tapping. The event was held on the 21st of February at Cinnamon Hotels & Resorts, Bentota Beach.

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Emirates thanks top agents in Sri Lanka at gala appreciation dinner
03-March-2015

Emirates, a global connector of people, places and economies, has honoured travel agents in Sri Lanka in characteristic elegance and style, at a gala appreciation dinner at Waters Edge to celebrate the airline’s partnership with the trade. The award-winning airline hosted nearly 200 representatives of the leading travel agencies in Sri Lanka to an evening of fine dining and scintillating entertainment in acknowledgement of their contribution to the airline’s success in 2014.

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ikman.lk sees strong growth in job advertisements posted
03-March-2015

Sri Lanka’s largest marketplace ikman.lk has seen a significant increase in the average job vacancy advertisements posted per day on the site within the last quarter of 2014. According the Web Analytics team of ikman.lk, on average 235 ads were posted per day in October 2014, with the number increasing to 445 per day in November and 555 per day in December 2014.

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SriLankan Airlines wins ‘Best Value Leisure Product’ at OTM Mumbai
02-March-2015

Sri Lanka’s national carrier, SriLankan Airlines, was recently awarded, ‘Best Value Leisure Product’ at the OTM, Mumbai. The 2015 chapter of OTM Mumbai – the biggest ever travel trade show in India was held the Bombay Convention and Exhibition Centre with participation of over 850 exhibitors from 50 countries.

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Oman Air To Launch Services To Goa, Singapore And Dhaka
02-March-2015

Oman Air will launch services to three exciting destinations this spring. The national carrier of the Sultanate of Oman will fly from Muscat to Singapore and Goa from the 29th of March and to Dhaka as from August 2015.

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Brandix i3 hosts event on the ‘Role of Systems engineering in Healthcare’
02-March-2015

Chief Medical Officer (CMO), Brandix i3, Dr. Jeanne Huddleston, addressed a cross section of distinguished guests on ‘The Role of Systems Engineering in Healthcare’ at an event hosted by Brandix i3 recently in Colombo. Apart from being the CMO at Brandix i3, Dr. Huddleston is the Medical Director of Mayo Clinic’s Healthcare Systems Engineering Program. She is a Harvard Macy Scholar (Physician Educator and Leadership Programs) and most recently obtained a Masters Degree in Industrial Engineering and a Lean Six Sigma Black Belt.

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Cannes Lions Creates New Award for Work That Shatters Gender Stereotypes
02-March-2015

annes Lions today announced the launch of the Glass Lion: The Lion for Change; an award with the support of LeanIn.Org which specifically recognises work that challenges gender bias and shatters stereotypical images of men and women which remain rooted in marketing messages. It is the Festival’s long-held belief that marketing actively shapes culture, and the launch of the award is part of an on-going commitment to positively impact the course of communications.

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Swadeshi Khomba illuminates “Keragala Raja Maha Viharaya”
02-March-2015

The Swadeshi Industrial Works PLC, the market leader in Sri Lanka for herbal personal care products, has sponsored the “Aloka Poojawa” of the historic Keragala Raja Maha Viharaya for the Nawam full moon poya day. The illumination is done under the theme; “Swadeshi Khomba Aloka Puja Sathkaraya”.

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Ceylinco Life begins construction of own building in Wennappuwa
02-March-2015

Ceylinco Life has begun construction of a new two-storey building on company owned land in Wennappuwa, investing further in enhancing the services it provides customers in the area. The new office building on 37.4 perches land at No 15, Rex Dias Piyanama Mawatha, Wennappuwa will accommodate five branches and offer ample parking for customers. It is pre-designed for future expansion, the company said.

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KBSL Wins 'Rookie of The Year' Award at Fortinet's Global Partner Conference
01-March-2015

Fortinet® (NASDAQ: FTNT) − a global leader in high-performance cyber security solutions − has announced the channel award winners at its annual Global Partner Conference 2015. At the event, Sri Lanka's KBSL won the "Rookie of the Year" award in the Asia Pacific region. At this annual event, Fortinet recognizes and awards outstanding achievements delivered by its global distributors and partners.

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Hameedia to showcase FH Studio collection at HSBC Colombo Fashion Week 2015
01-March-2015

Continuously setting the benchmark in the fashion industry, Hameedia, Sri Lanka’s leading menswear specialist, will be partnering with HSBC Colombo Fashion Week (CFW) for the Spring/Summer 2015 edition of the show. HSBC CFW will be taking place from 11 to 14 March this year and Hameedia will be showcasing three collections from the FH Studio at the show. The FH Studio collections will feature sophisticated and chic men’s evening wear that epitomizes casual elegance.

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Seylan Profit after Tax exceeds Rs. 3 Billion
27-February-2015

Seylan Bank reported a record Profit after Tax figure of Rs. 3,079 Million for the year ended 31st December 2014.  This is an impressive 33% growth in PAT compared to the Rs. 2,316 Million reported in 2013, an impressive 33% growth in PAT. Net Interest income increased from Rs. 9,719 Million to Rs. 11,165 Million, a 14.9% increase for the 12 months ended 31st December 2014. Fee and Commission income increased 6.1% from Rs. 2,127 Million to Rs. 2,257 Million showing a consolidation of the solid growth achieved by Seylan Bank over the past few years.

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Emirates Increases Capacity on its Double Daily Nairobi Service
26-February-2015

Emirates, a global connector of people and places, will connect even more people with Kenya’s capital, Nairobi, when it switches from the current Airbus A330-200 aircraft used on one of the two daily services to a larger Boeing 777-300 ER from 1 May. The introduction of a Boeing 777-300ER will boost capacity on the route by 1638 seats a week, and make Nairobi an all-Boeing 777 operation for Emirates.

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High-powered panel to speak on ‘adding value through diversity’ at CA Sri Lanka breakfast meeting
26-February-2015

A high powered panel featuring prominent chartered accountants and corporate leaders will share their thoughts on the greater role women can play in business at a breakfast meeting organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) on 3rd March 2015.

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Connect Lanka launches #unitedbyname as part of the ‘Love-Not Hate’ campaign
26-February-2015

Following the recent Presidential election, with its record turnout and peaceful transition, Sri Lanka showed the world that it truly is a democracy that has never been stronger or more inclusive. Although Sri Lanka has made immense progress, certain divisions remain in its society and are primarily fuelled by ignorance and fear. Often the first way people identify ‘us’ from ‘them’ is through a person’s name. Although people may look and talk alike, and have the same values, their names can differentiate and even divide them.

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Asia’s most experienced on CFW’s designer selection panel
26-February-2015

The task of selecting designers who showcase the HSBC Colombo Fashion Week (CFW) main show which is hosted by Hilton Colombo, rests on the shoulders of some of Asia’s most experienced fashion designers and professionals. The designers on the HSBC CFW selection panel account for more than 25 years of experience in the fashion industry and have made an international impact on the fashion industry.

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Cerebral Palsy Lanka Foundation completes two special wheelchair donation camps in Ambalantota and Anuradhapura
26-February-2015

Cerebral Palsy Lanka Foundation (CPLF) the first organization for children with cerebral palsy in Sri Lanka has successfully completed two wheelchair donation camps in Ambalantota and Anuradhapura. The free camps will be taking place every Sunday in key locations across Sri Lanka until 19 April 2015. At each camp, specially designed wheelchairs will be donated to children suffering from cerebral palsy, in order to provide them with greater mobility and a better quality of life.

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Maggi introduces latest entrant to its Devilled range - Maggi Devilled X-Tra Green Chilli!
26-February-2015

Sri Lanka’s leading instant noodle brand, Maggi,unveiled its latest innovation, Maggi Devilled X-Tra Green Chilli - the first ever green chilli noodle to enter the local market. The newest addition to the Maggi Devilled portfolio, Maggi Devilled X-Tra Green Chilli contains real green chilli, a popular local ingredient used in Sri Lankan cuisine greatly loved by local youth.

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“Dine and Smile” at 52 restaurants for Commercial Bank cardholders
26-February-2015

Commercial Bank’s popular dining out promotion ‘Dine and Smile’ has returned with attractive discounts for credit and debit cardholders at 52 leading restaurants over eight weeks. This latest promotion, in which the participating restaurants are offering discounts of 30% and 20% respectively to the Bank’s Credit and Debit Cardholders, commenced on the 16th of February, runs through March and ends on 10th April.

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OZO Colombo receives the Golden Pillow Award for Best Newly Opened Hotel in South Asia
25-February-2015

OZO Colombo was recently recognised as the Best Newly Opened Hotel in South Asia by one of China’s leading hospitality industry awards, the Golden- Pillow Award of China Hotels 2014. The award is organised by China’s top financial publication, 21st Century Business Herald. The prestigious award began in 2004 and is currently amongst the top five awards for the hotel industry in China with recipients of the awards chosen through a committee of industry experts, editors, journalists and consumers.

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Experience the ultimate romantic getaway in the Seychelles with Mihin Lanka
25-February-2015

The Seychelles is an archipelago in the Indian Ocean that is a dynamic blend of people from diverse ethnicities, cultures and religions. Throughout history different people of African, European and Asian descent have come to the Seychelles, bringing with them their own traditions and cultures which have over time contributed to the unique way of life on the islands.

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Top Corporate Trainer 361 Degrees : All round excellence
25-February-2015

361 Degrees, the trainer of choice for Corporate Sri Lanka, proves yet again why its brand is synonymous with high-performance, completing an impressive 180 programs for over 60 clients during 2014. “High-performing teams are adaptive, responsive and resourceful,” says Rukmal de Silva, Chief Visionary Officer at 361 Degrees.

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Brandix felicitated for donation of 3,321 units of blood in 2014
25-February-2015

The National Blood Transfusion Service (NTBS) has felicitated the Brandix Group for the donation by its employees of 3,321 units of blood in 2014, the largest donation by a single corporate entity in the country in the year. This is the fifth year in succession that Brandix, Sri Lanka’s single largest apparel exporter, has been acknowledged as the largest donor of blood among private sector organisations that donate annually to the NTBS.

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Emirates bring the flavours of the Dubai Food Festival to its Dubai Airport Lounges
24-February-2015

In celebration of its strategic partnership of the ongoing Dubai Food Festival, Emirates has collaborated with friend of the Festival and celebrity chef, Silvena Rowe, to create a signature menu for its six airport lounges in Dubai. Emirates’ premium customers can experience a customized menu of Chef Silvena’s distinctive modern Emirati cuisine.

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Hameedia treats 30 lucky customers to a memorable Valentine’s Day
24-February-2015

Continuously setting the benchmark in the fashion industry, Hameedia, Sri Lanka’s leading menswear specialist recently hosted 30 lucky couples for a memorable and romantic Valentine’s Day dinner dance at the Jaic Hilton. As part of Hameedia’s exciting Valentine’s Day promotion, customers who made purchases over Rs. 7500 were entered into a special draw and 30 couples were thereafter selected to attend the dinner dance event.

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Quintessentially Lifestyle: The Official Concierge Service of HSBC Colombo Fashion Week 2015
24-February-2015

Quintessentially Lifestyle, the award-wining global concierge service strikes yet another first in Sri Lanka, by serving as the official concierge partner for Colombo Fashion Week 2015. Quintessentially Lifestyle’s services have an unrivalled global reach, extending over 70 major cities around the world, and the company also plays an essential role in enhancing and supporting fashion weeks around the world.

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Citrus Waskaduwa Celebrates Chinese New Year 2015 in partnership with Viluxur Holidays
24-February-2015

The management of Citrus Leisure together with Vilxur Holidays ushered in the traditional Chinese New Year by hosting Vlixur guests visiting Sri Lanka to a gala dinner dance recently. The event was themed on traditional decorations as per Chinese customs with the Mandarin Shore Ballroom decorated in bright red and complimented by a scrumptious dinner buffet comprising of traditional Chinese favorites.

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Asian International Academy launches All Asia Institute
24-February-2015

Asian International Academy (AIA), a new generation institute which focuses on innovation, equality and contemporary study programmes, announced the launch of a state- of -the- art online learning platform, All Asia Institute (www.allasiainstitute.com). Through the platform, currently AIA offers the Advance Professional Diploma in Credit Management programme by the Sri Lanka Institute of Credit Management (SLICM), and is set to add more education programmes for those who wish to follow any course online.

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Sri Lankan stocks edge up but political woes cap gains
23-February-2015 Reuters

Sri Lankan stocks ended slightly firmer on Monday at a more than one-week high, led by large-caps such as Ceylon Tobacco Co Plc due to foreign inflows, but political uncertainty capped the gains, dealers said.The main stock index rose 0.16 percent, or 11.40 points, to 7,326.31, its highest close since Feb. 13.Shares in Ceylon Tobacco Co Plc rose 2.32 percent.Turnover was 1.01 billion rupees ($7.6 million), well below this year's daily average of 1.43 billion rupees.

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Japanese investors infuse a further US$1.5 million in Asia Leisure Galle project
23-February-2015

Asia Leisure, a fully owned subsidiary of Asia Capital PLC (ACAP), today announced that Japan Capital will infuse a further US$1.5 million into ACAP’s latest hotel project in Galle. The hotel project was announced late last year with a totalinvestment of US$14 million being made by Asia Capital and its Japanese partners. The property which is expected to be the largest hotel property in the Southern town of Galle will be built on 2-acres of fine beachfront real estate and is expected to be completed at the end of 2016.

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Samsung Electronics Announces the Appointment of Youngmin Shin as the Managing Director of Samsung Sri Lanka
23-February-2015

Samsung Electronics Co., Ltd., a global leader in digital media and digital technologies, today announced the appointment of Youngmin Shin as the Managing Director of the Samsung operation in Sri Lanka, effective immediately. In his new role, Youngmin Shin will be based in Colombo, Sri Lanka, and will lead all of Samsung Electronics’ business operations as the company strives to further strengthen its leadership and market presence in the country and the region.

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Durdans Introduces Advanced Stroke Treatment in Sri Lanka
23-February-2015

Renowned for spearheading new technology in the healthcare sector, and pioneering new treatments in Sri Lanka, Durdans Hospital introduces Tissue Plasminogen Activator treatment (rtPA) at its Advanced Heart & Stroke Treatment Centre. This clot-busting medication is given to patients shortly after stroke symptoms have started.  The treatment is more effective when given early in the course but can be given up to three hours after symptoms start. rtPA can prevent major disability after stroke and speed up recovery.

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DSI Dominates Design Awards, bagging Best Design Award at Footwear and Leather Fair 2015
20-February-2015

The Sri Lankan footwear market leader, DSI dominated the Design Award Ceremony held on 8th February 2015 at BMICH. Held parallel to the Footwear and Leather Fair 2015, which was held from 6th to 8th February at the BMICH, the Awards Ceremony celebrated the best and brightest of the industry. The exhibition was organised jointly by the Sri Lanka Export Development Board (EDB) and Industrial Development Board (IDB) in collaboration with the Footwear and Leather Goods Manufacturers Association in Sri Lanka as an endeavour to assist and upgrade the local manufacturers and designers.

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