May 27 Sri Lankan shares fell for a second session on Wednesday led by Lanka IOC after its poor performance in the March quarter, and also on foreign outflows, stockbrokers said. However, most investors have been cautiously optimistic on the island nation's risky assets due to a lack of clarity on the political front and the timing of a parliamentary election as concerns over stability weighed on sentiment.
Leo Burnett Solutions Inc. (LBSI), the local office of the global advertising network Leo Burnett Worldwide recently won a Graphite Pencil at the D&AD (Design and Art Direction) Awards 2015. The Graphite Pencil was awarded to LBSI in the White Pencil - Creativity for Good category which recognizes creativity for service innovations.
HUTCH announced the launch of a unique Smartphone IDD App called ‘HUTCH CONNECT’ that enables customers to call any international mobile or landline around the world at savings of more than 40%. This “first of its kind” App will allow Hutch customers to stay in touch with family, friends and business associates abroad at a very affordable rate, with the utmost convenience.
Softlogic Finance PLC, one of the largest finance companies in Sri Lanka, opened its newest branch in Hatton on 27th May 2015, expanding the company’s branch network to 32 locations, including 21 branches and 11 standalone gold loan centres. This is the third branch opened by the company within the year, with branches being opened earlier at Senkadagala and Pamankada.
One of the biggest challenges faced in Sri Lanka’s economy has been reduced to a simple tagline: jobs without people and people without jobs. Variations of this tagline are seen scattered across government pamphlets, industry white papers and economic reports, all aiming to get to the bottom of a pervasive question: do we really have a skills shortage?
Lotteries innovator Mahapola Lotto, in its first sales conference, has honoured its top sales people from across Sri Lanka recently. Mainly representing the high-value Colombo and Galle urban markets, Mahapolo Lotto rewarded Mr. Mohammed Mohideen Cassim, Mrs. K. Senanayake, Mr. Asiripala and Mr. Nimalsiri Wickremesekara with valuable prizes for their hard work and consistent, month-on-month sales growth.
EMC today launched the new EMC Academic Associate recognition that would validate skills of EMC Academic Alliance (EAA) students in the high demand areas of Information Storage Management and Cloud Computing. EMC will evaluate the skills and industry readiness of the students and provide this information to potential employers.
The Central Depository System (Pvt) Ltd (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE) signed a Memorandum of Understanding (MoU) with the National Securities Depository (Pvt) Ltd of India (NSDL), for the purpose of knowledge sharing in the area of depository services. The NDSL was the first and is the largest depository in India, responsible for the establishment of a national infrastructure of international standards that handles most of the securities held and settled in dematerialised form in the Indian capital market.
Capital Alliance, Sri Lanka’s leading full service investment bank has received significant recognition as a leader in Sri Lanka’s finance and investment arena. Providing investors with an in-depth overview, Purasisi Jinadasa, Chief Strategy Officer, shares his insights on CAL’s outlook on global markets.
JAT Holdings was recently included on the Brands Finance Lanka top ten ‘Strongest Conglomerate Brands’ ranking. Coming in at number 9 and ranked alongside companies such as John Keels Holdings, Hayley’s and Aitken Spence, the recognition is JAT’s first on the ranking and comes on the heels of yet another highly successful corporate season.
More than 750 Sri Lankans resident in Bahrain were treated to a multifaceted entertainment show sponsored by Commercial Bank recently as part of its efforts to promote its remittance services in that country. The event included a 'Rataviru Star' programme and ‘Dream Star’ M. G. Dhanushka's musical programme.
Guardian Capital Partner’s recorded a profit of Rs. 184.2 Mn for the financial year 2014/2015, a substantial increase over the Rs. 15.5 Mn generated last financial year. The improvement was mainly driven by the profits realized on the divestments of holdings in two investments the company had. The NAV per share also increased to Rs. 25.41 from Rs. 22.56 during the financial year 2014/15.
Colombo’s fastest growing health food delivery, Eat Right recently added brand new healthy meal options for breakfast, lunch and dinner on their Lifestyle Menu, in order to cater to a discerning clientele. The already extensive lifestyle and weight loss menus have enabled many in the metropolis to lose 5-10% of their existing weight and live a healthier lifestyle.
Oracle, users and the development community worldwide are celebrating 20 years of Java. Today, Java serves as the critical backbone of software that touches both our work and personal lives. From innovations in enterprise big data, cloud, social, mobile and the Internet of Things, to connected cars, smartphones and video games, Java continues to help developers push the boundaries in technology innovation.
The all exciting Inter Agency Cricket Tournament, ‘CricAds’ concluded in high spirits this year with the Triad Team emerging victorious in an exciting finals against Media Factory at the Bloomfield grounds in Colombo. Pictured here are scenes from the event.
Commercial Credit and Finance PLC’s issue of 10 Million rated, subordinated, guaranteed, redeemable five-year Debentures at a par value of LKR 100/- each has been oversubscribed on opening day. Interest on the Debentures will be paid at a fixed rate of 10.50% per annum (AER 10.92%) on the Principal Sum quarterly each year. The Issue opened on Thursday 21 May 2015.
The Board of Directors of Kalpitiya Beach Resorts PLC wishes to clarify its position with regard to the allegations levelled by certain media.
Kalpitiya Beach Resorts PLC (KBR PLC) is a subsidiary of Citrus Leisure PLC, and is one of three ambitious resort ventures undertaken by the Group. Two of those projects, in Hikkaduwa and Waskaduwa were completed as scheduled and are now operational, resulting in the addition of 200 rooms to Sri Lanka’s tourism inventory. The proposed venture in Kalpitiya was held back due to the government’s proposed Kalpitiya Integrated Tourism Resort project replete with tourism infrastructure and attractions not being implemented to date.
Being awarded two Gold Awards at the National Business Excellence Awards 2014, Janashakthi Insurance looks forward to continue its journey of lighting the lamp of insurance in every home and work place. Responding positively to regulatory reforms, Janashakthi Insurance recorded a 13.4% growth in the first quarter, after setting up a new entity known as Janashakthi General Insurance Ltd. The new entity, which commenced operations on the 1st of January, 2015, handles the Non-Life Insurance business. The parent company Janashakthi Insurance PLC, will act as the holding company engaging in the Life Insurance business.
Lux today unveiled their fabulous Lux® Star Collection, a limited edition collection co-created with Deepika Padukone and with a new fragrance by Master Perfumer Alessandra Vinksnaitis. “Every woman has an ‘inner star’ in her. The Lux® Star Collection fragrance is all about that feeling of wearing a fabulous outfit that you know will make you feel like a star and give you the confidence to behave like one”, said Lux Master Perfumer, Alessandra Vinksnaitis, the co creator of the new Lux Star collection soaps, Sweet Temptation and Delicate Embrace.
Asian Alliance Insurance PLC has embarked on a comprehensive talent management strategy that includes retaining and attracting the best professional talent in its quest towards being the most preferred Insurance Employer Brand in the country. The Talent Drive is being launched at all levels in the organization with the initial focus being on the Senior Management structure that is being set up to achieve the ambitious business plans and strategic objectives of the company.
Sri Lanka’s foremost provider of Islamic financial services, Amãna Bank strengthened its industry leadership status by being awarded the most number of accolades at the recently concluded Sri Lankan Islamic Banking and Finance Industry (SLIBFI) Awards Night. The Bank was successful in winning the Gold Award for Islamic Finance Product of the Year (Gold Certificate Financing) as well as Silver Awards for Islamic Finance Entity of the Year, Islamic Finance Product of the Year (Savings Plan) and Islamic Finance Deal of the Year.
Integrated infrastructure and engineering solutions provider MTD Walkers PLC announced today its sixth consecutive year of 39.1% compound annual revenue growth, ending the year posting a 91.0% growth in profit after tax. MTD Walkers PLC for the year ended March 31, 2015 posted Rs. 1.148 Billion profit after tax on a Revenue of Rs.14.014 Billion, up from Rs. 10.092 Billion last year.
Citrus Waskaduwa, the luxurious beach resort along the unspoilt beaches of the South Western Coast has been recognized by TripAdvisor with a Certificate of Excellence, the first time a 5star property in Sri Lanka has received the recognition in its very first year of operation. The Certificate of Excellence is awarded to accommodations, attractions and restaurants that have consistently earned great reviews from travelers around the world; the feedback is measured against key performance indicators common to the sector.
For a second successive year, 300 children representing every district of Sri Lanka came together in Colombo recently at an educational tour of the city and some of its principal landmarks, courtesy of Ceylinco Life. All of them winners of the Ceylinco Life ‘Ran Daru Charika’ promotion launched island-wide by the life insurance leader at the beginning of the year, the children accompanied by one parent each, gathered at the ‘Diyatha Uayana’ water park at Battaramulla to begin their excursion.
Michel Nugawela introduced Leadership Archetyping at a VIP CEO Breakfast Forum on May 25. The Forum introduced business owners, CEOs, and political leaders to the 12 archetypal dimensions of leadership transformation, each with its own motivational needs and archetypal storyline or perspective. The 12 archetypes – Innocent, Orphan, Warrior, Caregiver, Explorer, Lover, Destroyer, Creator, Ruler, Magician, Sage and Jester – reflect the various roles that leaders can play in organizations by putting a human face to the attitudes, interactions, and behavioural patterns that are correlated with success and thereby influence their effectiveness.
The National Mobile Service Provider, Mobitel recently partnered with Rotary and the Sri Lanka Tourism Promotion Bureau in the ‘One Million Tree Stories’ project, which aims to plant one million trees in the country. Mobitel is supporting this worthy cause of protecting the country’s flora by offering the opportunity for people to sponsor one or more trees at a cost of Rs. 100 per tree either via their mCash Customer Account or via authorised mCash Retailers or Mobitel branches.
The leading smartphone brand Huawei, and Singer Sri Lanka PLC. the country’s number one brand and smartphone marketer and the exclusive national distributor for Huawei, recognized its top retail partners in the country at a gala function held at Waters Edge recently. Themed "You are the One", the inaugural retail partner awards was graced by Mr. Asoka Pieris - CEO Singer Sri Lanka PLC and Mr. Daniel Sun - CEO Huawei Sri Lanka. More than 250 Huawei dealers were recognized for their commitment and dedication bestowed towards the brand throughout its two and half years of operations in the country. From a retail partner network of over 1500. The 10 best performers were short listed on their sales performance, brand loyalty and partnership for brand expansion during the FY14.
Renowned property developer and hotel group; Shangri-La Hotels and Resorts is redefining the capital’s skyline and its living spaces with the most luxurious and exclusive residences in Colombo. The multinational luxury hotel group is bringing its expertise and flawless execution to One Galle Face, an upscale contemporary collaboration of Shangri-La Hotel, Residences, Office and Retail. One Galle Face is the perfect address for local and international communities to come together in an idyllic setting to celebrate the city’s unique spirit and style.
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.
MasterCard Country Manager for Sri Lanka and Maldives, Mr. R. B. Santosh Kumar recently met up with the Secretary General of the Joint Apparel Association Forum (JAAF), Mr. Tuli Cooray and discussed the Ransalu Pranama worker welfare program. Mr. Jumar Preena, Chief Executive Officer of CH17, the initiative’s owner and implementer agency was also present at the meeting.
Hayleys PLC closed its financial year ending March 2014/15 on a high, consolidating the growth momentum generated over past years. In its filing to the Colombo Stock Exchange, the group reported a 32 percent increase in Profit After Tax (PAT), to close the year with Rs. 4.9 billion. Sector wise contribution was led by the Hand Protection Sector, showing strong recovery from a challenging period, supported by investments in new production facilities and expansions. The Hand Protection sector will add additional capacity to its recently commissioned household glove factory in the Biyagama Zone and will also see a new industrial glove manufacturing facility commencing operations in the new financial year in keeping with the continued growth.
Leading real estate giant, the Blue Mountain Group, recently received global recognition and made history for Sri Lanka at the prestigious Asia Pacific Property Awards Summit (APPAS) which took place in Kuala Lumpur, Malaysia. Blue Mountain was awarded the highly coveted 5-Star Award in the ‘Property Consultancy Marketing’ category for its innovative take on the concept of gated community living. At the event, Blue Mountain was also the first Sri Lankan real estate company to achieve a nomination for the International Property Awards which will be held in December 2015.
The visiting Rt. Hon. the Lord Mayor of the City of London, Alderman Alan Yarrow recently declared that Sri Lankan companies have played a crucial but unseen role in the development of the financial services in United Kingdom. Citing reasons for his disclosure, Alan Yarrow said, “Sri Lankan companies play a pivotal and unseen role to the development of the UK Financial Services. Take for example MillenniumIT, which provides the software on which the London Stock Exchange operates on.”
The importance of fine paper as a definition of luxury even in the age of digital communication was the theme of a recent seminar in Colombo by Arjowiggins Creative Papers, the owner of the global heritage paper brand Conqueror. Hosted by Papyrus Papers, the local distributor for Conqueror, the ‘Papyrus Design-in-form’ seminar was attended by more than 75 representatives of the design and advertising community, the corporate sector and students of design.
Healthy eating is becoming a growing trend in Sri Lanka and this commitment is a great start towards a healthier life, including more vegetables, whole grains and good fats in our diet. Once found rarely available around the country, organic food is now a regular feature at novel concepts such as The Good Market with some supermarkets also stocking these produce.
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has consistently demonstrated exceptional standing as a leading tertiary education provider in the country, offering the best of world class qualifications for the benefit of the country’s student and professional populations. In its continuing efforts to offer the best of local and foreign qualifications, CA Sri Lanka launched a specialized BSc. Degree in Applied Accounting, which has been approved by the University Grants Commission. The degree programme comes with a series of exemption schemes for the benefit of members of professional bodies, including exemptions for members of the Association of Accounting Technicians of Sri Lanka (AAT).
Power Solution South Asia Pvt. Ltd and Grupel of Portugal recently signed a Memorandum of Understanding (MOU), where Grupel appointed Power Solutions South Asia Pvt. Ltd as the authorized dealer for their generator brand GRUPEL. This was signed in Portugal by Mr. Janaka Nandakumara, Managing Director, Power Solution South Asia Pvt. Ltd and Mr. Marco Santos of Grupel, Portugal. Under this agreement, Power Solution South Asia Pvt. Ltd becomes the local Sole Authorized Distributor for GRUPEL’s GENSETS, Engine - Perkins and Alternator - Stamford (a product from Portugal). The press briefing of the above was held at The Grand Monarch, Thalawathugoda, recently.
Huawei, the number two smartphone brand in Sri Lanka, together with Singer Sri Lanka, the country’s number one brand and smartphone marketer and the exclusive national distributor for Huawei, unveiled three new latest Huawei Honor range smartphones at a launch ceremony held at Waters Edge.
Huawei, a leading Chinese telecommunications company, has unveiled its ambitious goals for 2015, following a fruitful year in 2014 with impressive successes such as Huawei Mate7, which achieved over 2 million sales in 100 countries within three months of its launch in May 2014.
This year, the company kicks off its game with a bang, introducing Huawei P8, the latest smartphone with record-breaking news coverage worldwide after the global launch in London in April 2015.
Based loosely on Disney's fantastical theme park of the same name, and headlined by versatile actor George Clooney, the just released “Tomorrowland” has already proved to be an early, unexpected contender for best reviewed movie of Summer 2015.
Reducing the carbon footprint in organizations and companies will have long-lasting environmental and economic benefits not only to individual organizations but to the nation at large, one of country’s pioneering carbon reduction consultancy firms – Somaratna Consultants announced on Tuesday (May 26, 2015).
The Palmyrah restaurant, reputed for its impeccable traditional Sri Lankan cuisine was recently re-launched after a full renovation and upgrade of facilities. Located at the Renuka City Hotel, the Palmyrah is best known for its wide selection of Sri Lankan dishes and authentic Jaffna specialties. As a part of its re-launch, the Palmyrah announced the introduction of a Lunchtime Special, offering 25% off on food for bills over Rs. 2,500 when you dine in.
ATL (Amãna Takaful) continued to be featured on the podium at the recently concluded Sri Lanka Islamic Banking and Finance Industry (SLIBFI) awards ceremony. ATL was awarded the bronze award for the ‘Islamic Finance Entity of the Year’ at the ceremonious gala event which was held at the Galadari Colombo. ATL the only fully-fledged Takaful operator in the country also bagged the bronze award in the ‘Product of the Year’ category, for its innovative health insurance cover, ‘Suwa Siri’.
The Kay Jay Group with over 40 years of experience in the Security Industry, with special focus on Security Guards, Cash Transit Services and Electronic Security Equipments, has tied up with Skywatch corporation from Taiwan to launch the SkyWatch series of cameras to the Sri Lankan and Maldives markets. “Unlike the commonly used analog CCTV systems that utilizes hard disks and DVR machines, as its name implies, SkyWatch is an IP CCTV solution that utilizes the ‘Cloud’ for data storage and retrieving.
Healthguard Pharmacy Ltd, the country’s premier urban pharmaceutical, wellness and beauty retail chain opened its re-designed flagship store located at Dharmapala Mawatha recently.
The opening ceremony was graced by Unilever Sri Lanka Chairperson Shazia Syed, Munir Shaikh, Group Chairman Sunshine Holdings PLC, Sanjeew Samaranayake, Managing Director, Hemas Pharmaceuticals, G. Sathasivam, Founder Chairman, Sunshine Healthcare Lanka, Vish Govindasamy, Group Managing Director, Sunshine Holdings PLC, Shyam Sathasivam, Managing Director, Sunshine Healthcare Lanka and other distinguished guests.
A special Savings Account designed to support micro entrepreneurs and promote financial inclusivity to this segment has been launched by the Commercial Bank of Ceylon, Sri Lanka’s largest private bank. Linked to this new savings account branded ‘Divisaru’ (Prosperous Life), a micro loan will extend up to 25 times an agreed value of monthly savings, up to a maximum of Rs 125,000, the Bank said.
Emirates, a global connector of people, passions and places, has launched ‘Be There’, a global campaign that celebrates curiosity, wanderlust, and the adventure that comes with travel.
For this digital and social media campaign, Emirates has turned to its own “globalistas” – the airline’s dynamic and passionate employees hailing from over 130 nationalities – and given them a starring role.
SriLankan Airlines expands its presence in the North Central Province of Sri Lanka by opening its latest passenger sales office in Anuradhapura in a bid to capture a larger share of the local travel market. The office was declared open on May 20th, 2015 by Chief Minister North Central Province, Peshala Jayaratne.
The branch office will facilitate travel procedures to a large clientele in the Anuradhapura district, which includes handling of reservations, ticketing, Prepaid Ticket Advices (PTAs), requests for special services, , information on fares, and packages - essentially offering the same sales services carried out by any authorised SriLankan Airlines office.
A longtime sponsor of Sinhala and Tamil New Year celebrations (Avurudu Uthsawaya) across Sri Lanka, fan-favourite Elephant House took its involvement in these celebrations to a whole new level in 2015, supporting 35 national, regional and rural events, in conjunction with Shaa FM, Sirasa TV, ITN and Rythm FM.
www.guru.lk -- the most popular online learning website in Sri Lanka, has expanded its ‘100 day self-improvement’ programme series with the addition of a new module ‘Think like your boss’ by Kishu Gomes, Managing Director/CEO of Chevron Lubricants Lanka PLC.
Targeted at aspiring career-minded professionals who want to excel in their work to climb the corporate ladder, the programme intends to share valuable tips which can be developed within the participants over a period of 100 days. It is currently available in Sinhala.
Berendina Development Services (BDS) donated two computers to the Salvation Army Children’s Homes in Rajagiriya and Dehiwala recently. Over 70 children ranging from ages 5-17 residing at these homes are expected to benefit through this donation. The official handing over ceremony was held at the Salvation Army Children’s Home in Rajagiriya recently.
Colombo Fashion Week (CFW) provides an innovative retail platform for Sri Lankan designers with CFW Designer Nights, an opportunity for designers to engage with buyers, and showcase and sell their latest collections at the CFW Designer Pod on 22 May 2015 at ODEL Alexandra Place, Colombo 7.
Reinforcing its status as one of the country’s fastest growing insurers, Asian Alliance Insurance PLC achieved a Gross Written Premium (GWP) of Rs. 867 million for Life, a 21% increase compared with the previous year, whilst consolidated Group premiums that included General Insurance were recorded at Rs. 1,317 million for the first quarter of the 2015 financial year. Profit after tax for the period was Rs. 251 million for the Company and Group profit was Rs. 200 million.
Singapore’s digital payment landscape is on the verge of a revolution with the launch of Kashmi (pronounced Cash-Me) – a mobile peer-to-peer payment platform developed by a team of Sri Lankans. The application enables users to transfer money on the spot and free of charge via smart phones and has already sparked interest from regional investors with DP World, a multi-billion dollar Middle Eastern organization already onboard as a shareholder.
Diva a brand of Hemas Manufacturing, which has transformed the lifestyles of its consumers, kicked off its exciting mega consumer promotion, Idame Vasanawa for the 5th consecutive year in Homagama, with a large group of people staging a mock protest demonstration demanding ‘a land.’
In another Sri Lankan first, Shree FM recently offered up a unique treat, creating the first-ever Siv Maha Dansala, four mini alms giving stalls rolled into one large one, for visitors at the festive Colombo Port Shree FM Vesak Kalapaya (Vesak Zone), located at the never-before-witnessed venue of the Colombo Port.