In just over a decade, Colombo Fashion Week (CFW) has established itself as the backbone of the local fashion design industry. As part of its effort to uplift fashion designers in Sri Lanka, CFW will present the first-ever Design Trunk Show to be held in Sri Lanka at the Galle Face Hotel from 29 to 30 November 2014. The CFW Design Trunk Show is an initiative that will continue throughout the year thus by creating an innovative retail opportunity for Sri Lankan designers.
The Lanka Business Coalition of HIV and AIDS (LBCH) called on the heads of top corporates to protect their employees in a memo sent out to mark World AIDS Day, which falls on December 1. Over 2000 cases of HIV& AIDS have been reported in Sri Lanka as of the end of the third quarter of 2014, the LBCH memo stated. Males were the worst affected, with 1061 cases reported at the end of the third quarter alone. 21 AIDS related deaths were reported during the same period.
Continuing its efforts to innovate the lotteries sector for the betterment of all Sri Lankans, Mahapola Lotto has launched a new mobile sales promotions motor vehicle fleet, which has already started crisscrossing key regional markets, with even more destinations to be added in coming months.
Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) SME Development Programme together with Sri Lanka Standards Institute (SLSI), Sri Lanka Food Processors’ Association (SLFPA) and Ceylon Chamber of Commerce (CCC) will be jointly hosting the SME Pavilion at BMICH Hall C from 3-7 December 2014. Background is the 50th Anniversary of SLSI.
Fifteen policyholders of Ceylinco Life and members of their families have already won an all-expenses-paid holiday in Singapore for the 8th edition of the life insurance leader’s ‘Family Savari’ programme, through a mid-promotion draw conducted recently. Another 250 policyholder families were chosen for a full-day’s outing at the Leisure World theme park at the same draw.
Malaysia based RedMoney Group in association with Sri Lanka’s Islamic banking pioneer Amãna Bank, hosted the third edition of the Islamic Finance News (IFN) Forum in Sri Lanka recently. The event was held under the patronage of the Governor of the Central Bank of Sri Lanka, Mr Ajith Nivaard Cabraal and was attended by many senior officials from both conventional & Islamic banking sectors, regulatory officials, scholars, practitioners and customers.
The Central Bank of Sri Lanka will hold its annual Bank Directors’
Symposium on the 26th of November 2014 on the theme “Vision 2020: Aligning the Banking Sector to the Real Economy.” With the aim of achieving a USD 150 billion economy and GDP per capita of USD 7000+, the Central Bank considers it important to discuss the role of the banking sector in aligning to the needs and the changes envisaged in the real economy. Thus, this years’ Symposium is expected to pave the way to strengthen the banks’ strategic leadership, in particular, leading the transformation to ensure that the banking sector is a true catalyst in Sri Lanka achieving the Vision 2020.
Sadaharitha Plantations, Sri Lanka’s leading commercial forestry company and reputed for its sustainable management of plantations has warned of dire consequences to the country’s natural habitats due to indiscriminate felling of trees and degradation of forests in search of highly valued Agarwood.
The Envoy ‘Concept 2015’ show by FH studio recently took the stage by storm for the second consecutive year at Waters Edge. Conceptualized by renowned men’s fashion consultant Fouzul Hameed, Envoy ‘Concept 2015’ took menswear to new heights and received phenomenal reviews from the distinguished guests and iconic figures from the fashion industry who attended the event.All proceeds from the event were directed towards the ‘My Friend’ project, a CSR initiative by Fouzul Hameed that helps educate underprivileged and marginalized children across Sri Lanka. To further support the initiative and raise funds for the project, an auction was also held at the event.
Sri Lankan President Mahinda Rajapaksa, who is facing a split in his ruling coalition ahead of a snap presidential poll on Jan. 8, won the final vote on the 2015 budget Monday with a strong majority. Rajapaksa is aiming for a budget deficit of 4.6 percent of the gross domestic product (GDP), its lowest since 1977, from this year's revised 5 percent. However, the opposition said the figure would be much higher after the budget was loosened.
It is now old news that the buying habits of your customers have fundamentally changed. We are operating in the era of the empowered customer where, to quote Forrester Research, ‘buyers are more demanding, informed, value sensitive, and have more choices available to them than at any other point in history’.
We all know the infamous ‘57%’ figure – that today’s B2B customers get 57 percent of the way along the buying process before they engage with a sales person and it’s common knowledge that customers are using the internet to research purchases – browsing vendor content, asking peers for advice, and paying close attention to ratings and reviews.
Asian International Academy, an innovative next generation institute which focuses on innovation, equality and contemporary study programmes, announced that the institute is buoyant about its unique offering in customized training with more and more students and corporates requesting tailor-made solutions, which are directly connected to their respective industries.
Continuing its growing, nation-wide programme of awareness building that not only educates potential customers about its "pick your own number" lotto concept but also entertains them at the same time, Mahapola Lotto again hosted its much-loved Mega Blast Carnival, on September 26, 2014, at the Wilfred Senanayake Grounds in Homagama. A gala musical showcase that not only entertained its key, fast growing Homagama audiences, but also created awareness of its innovative lotto product amongst the populace, even allowing them to try it out for themselves.
Sri Lanka’s largest online shopping mall, WOW.lk partners with the Family Fair 2014, as the official online sponsor of the event. The highly anticipated fair which is one of the biggest industry exhibitions in the country will take place at the BMICH from 21 to 23 November 2014. WOW.lk hosts its own WOW zone at the Family Fair 2014. At the WOW zone, partner merchants will run stalls showcasing their products and a variety of special discounts will be offered throughout the day.
SriLankan Airlines, the national carrier of Sri Lanka and a member of the oneworld alliance, in a move to meet the increasing demands for air services between China and Sri Lanka will be initiating operations to Kunming on December 1, 2014.
GlaxoSmithKline (GSK) has for the fourth consecutive time been ranked No 1 among global pharmaceutical companies assessed for their efforts to improve access to medicine in developing countries. Released on 17th November by the Access to Medicine Foundation, the 2014 Access to Medicine (ATM) Index gives GSK a composite score of 3.3 out of a possible 5, following an in-depth evaluation of company activities in seven areas that are germane to enhancing access to medicine in developing countries.
Composite Insurer - Amãna Takaful PLC, recorded a profit of Rs. 24.8 million for the period of nine months for the financial year ending 30 September 2014. The company recorded a 36% increase in profit after tax and 15% growth of total revenue over the same period of the previous year. At group level, the consolidated profits grew by 13% while the profits of Rs. 56.9 million were attributable to the equity holders of the parent company, growing by 27% in comparison to the previous year.
The European Union has chosen SLIIT, Sri Lanka’s premier institute for higher education, as a partner of the prestigious Erasmus Mundus Action II project titled South-East-West Mobility for Advanced Research, Learning, Innovation Network and Knowledge (SMARTLINK), for the 2014/2015 academic year. Erasmus Mundus is a highly sought after cooperation and mobility programme funded by the EU offering students a choice of study linking with 19 other European Union and Asian Universities.
Pearson Lanka –a subsidiary of Pearson PLC, the world’s leading learning company– announces, the hosting of inaugural “Quality Quest 2014” event, with the intention of sharing their expertise on improving Software quality through DevOps.
The CSR Trust of Commercial Bank achieved a significant milestone under its nationally-scaled IT education programme, when it donated its 150th fully-equipped IT laboratory to a school in Galewela in the Matale district. The 150th IT lab donated by the Bank was ceremonially inaugurated by Commercial Bank Chairman Mr. Dharma Dheerasinghe at Beligamuwa Kanishta Vidyalaya, Galewela, which has a student population of 200.
With the vision to be at the forefront of infrastructure development in Sri Lanka, MTD Walkers PLC, a leading company for construction, manufacturing and engineering in Sri Lanka, recorded an impressive growth for the 2nd quarter of FY 2014/2015. Compared with its performance in the previous financial year, the turnover for the 2nd quarter ended 30th September 2014 recorded a remarkable increase of 76.5% to Rs. 7.2 billion from Rs. 4.1 billion in the corresponding period last year.
Sri Lankan stocks rose for a sixth straight session on Tuesday to their highest closing level in more than three-and-a-half years, led by telecom and banking stocks as the central bank held its key policy rates steady at multi-year lows. The Central Bank of Sri Lanka kept key policy rates steady at record lows for a 10th straight month, and said stable inflation and steady credit expansion should help the economy grow by around 8 percent over this year and next.
Building on the successful launch of The Emirates App for iPad earlier this year, Emirates airline has now increased its mobile presence with the launch of The Emirates App for iPhone on the App Store.
Maga Engineering, the industry leader for construction in Sri Lanka, ends this year in style as it reaches a great milestone to complete 30 years in business. This was announced at a press conference held at the Hilton-Colombo on the 12th November, 2014. Maga, also, unveiled its new logo designed for the 30th anniversary celebrations at the press conference.
In a year that has proved to be record breaking, the Colombo Stock Exchange has reached yet another milestone in 2014 by recording its highest-ever inflow of foreign investment into the equity secondary market. Foreign purchases in 2014 as at 14th November is Rs.
95,083.8 Million surpassing the previous highest foreign purchases of Rs.92,425.5
Million recorded in 2010.
It is a pleasure to present the results of your company for the first half of the financial year 2014/15. The group has recorded consolidated revenues of Rs. 15.7Bn, a growth of 22.0%, and group earnings of Rs. 887Mn, a drop of 9.9% over the same period last year. However last year’s corresponding period included a one off capital gain of Rs. 364Mn on the transfer of Peace Haven to PH Resorts, a joint venture company. Underlying earnings, adjusted for one-off items, recorded a growth of 29.5% over last year.
The Richard Pieris Group ended its first half year with a strong performance. The Group reported a Profit before Tax of Rs.1.2bn on a Revenue of Rs.18bn for the six months ended 30th September 2014. The period under review evidenced a steady performance in all its major sectors where the reported profits represent business profits, and do not include any gains of a capital nature.
‘Life as Art’, an exhibition and sale of photographs by Chatrini Weeratunge in aid of Emerge Lanka Foundation to support girl children who have survived sexual abuse, will be held at the Barefoot Gallery from November 28-30.
The national airline of the Sultanate of Oman, Oman Air is offering a discount of 18 percent in Business Class and Economy Class, for flights to select destinations. The offer is applicable for bookings made from 17 – 19 November 2014 ( 03 days ) and is valid for travel from 17 November 2014 to 20 March 2015.
Outperforming competition from industry giants, amanté bagged a Silver award in the ‘Best New Entrant Brand of the Year’ category at SLIM Brand Excellence 2014, a validation of what the brand has offered the Sri Lankan lingerie market through its innovative and fashion-forward range.
Commercial Credit and Finance PLC, one of Sri Lanka’s leading finance companies reported better than expected first six months in 2014-15 with a 191% increase in post-tax profits. Profits from the first six months increased from Rs. 345 Mn to Rs. 1 Bn. Profit After Tax (PAT) increased to a commendable Rs. 514 Mn in the three months ending September 2014, from Rs. 172 Mn a year ago. The results reflect the 87% increase in Net Interest Income in the quarter to Rs. 1.6 Bn. The quarter’s results also positively impacted the company’s six months results, with Net Interest Income growing to Rs. 3.2 Bn, up 87%, while PAT rose 191% to cross the Rs. 1 Bn mark.
The Galle Face Hotel today announced that it will play host to the first ever CFW Design Trunk Show 2014 organized by the Colombo Fashion Week. The event, which is set to see some of the leading locale designers showcase their talent, will unveil their Seasonal collection in an interesting and stylish setting at The Library of Galle Face Hotel in a 24 hour trunk show from 4pm on the 29th to 4pm on the 30th November.
Capturing the essence of the festive season, Cotton Collection today launched ‘Love Christmas’, a campaign that is inspired by the joy of spreading love. Shot in the iconic town of Galle, the campaign exudes youthful exuberance and charm, capturing carefree moments of love, fun and celebration. ‘Love Christmas’ will brighten up your holiday this year with ’12 Acts of Love’ and exciting activities that will make your Christmas truly memorable.
The FH Studio takes exclusive menswear to new heights with the second edition of its annual ‘Concept’ show. ‘Concept 2015’, a fashion show of international class is conceptualized by renowned men’s fashion consultant Fouzul Hameed and will enhance the Sri Lankan men’s fashion arena. ‘Concept 2015’ will be held on Saturday 22 November 2014 at Water’s Edge and will showcase an exclusive range of menswear that will transform the man of today into the man of tomorrow.
The National Mobile Service Provider Mobitel was honored for the eight consecutive year at the Annual Techno Sri Lanka 2014 Awards night where it bagged two prestigious Gold awards for ‘Product with Highest Social Impact’ and ‘Best Demonstration’ for the year. Techno Sri Lanka 2014 - The National Engineering and Technology Exhibition organized by the prestigious Institute of Engineers Sri Lanka (IESL) was held for the 29th consecutive year at BMICH recently.
A transformative contribution from its financial services unit has significantly bolstered the half-year profits of Dunamis Capital PLC, enabling the Group to post profit after tax of Rs 878 million for the six months ending 30th September 2014 against a net loss of Rs 0.22 million in the corresponding six months of the previous year.
The Chief Executive Officer of the Colombo Stock Exchange Mr. Rajeeva Bandaranaike was one of the Key Note speakers at the Berlin Economic Forum organized by the Institute of Cultural Diplomacy in Berlin held from 8 - 12 November 2014.
Sri Lankan stocks hit a 3-1/2-year high on Wednesday as investors picked up banking and construction shares on hopes of growth in the sectors, while continued foreign buying, low interest rates and better earnings expectations kept investor appetite for risky assets intact. Sri Lanka's main stock index ended up 0.76 percent at 7,469.41, its highest closing level since May 20, 2011.
Dunamis Capital PLC has announced the appointment of senior economist Nishan Chanaka de Mel as an independent, non-executive director of the company with immediate effect. Educated at the universities of Oxford and Harvard, Mr. de Mel is the Executive Director of Verité Research Private Limited, a think tank that provides analytical research and advisory services on economic, political and legal issues in Sri Lanka and Asia.
Brown and Company PLC walked away with four awards at the National Engineering and Technology Awards 2014 organized by the Institution of Engineers Sri Lanka (IESL) recently. Browns won high acclaim for its stall at the Techno exhibition this year, striking Gold for ‘Best Display of Engineering Services’ and ‘Best Display of Imported Products’. Browns also won Silver for ‘Product with Highest Social Impact’, while it also received a Bronze award for ‘Best Demonstration’.
Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that combines innovation, technology leadership and industry solutions to transform the customer experience, bagged the Gold award in the Export category at the SLIM Brand Excellence Awards 2014 becoming the Export ‘Brand of the Year’. Offering world class solutions, Virtusa’s operations in Sri Lanka received this award in appreciation of the success it has achieved in global markets.
The Commercial Bank of Ceylon has announced a reduction in the interest rate applicable on all credit cards issued by the Bank, effective from 5th November 2014. The interest rate on outstanding balances on Platinum, Gold, Silver and Classic cards has been reduced from 24% to 22% per annum or 1.83% per month, the Bank said.
As luxury tourism becomes an increasingly competitive business in Asia and around the world, Uga Escapes has gone the extra mile to ensure that its guests take home a richer, more satisfying experience of the country many call an island paradise. Eschewing the usual plethora of reception-counter pamphlets and flyers advertising local attractions, this luxury hotelier has produced a combination spotter’s guide and notebook for ornithologically inclined guests at its chain of up market, close-to-nature resorts in Sri Lanka.
Lankem Paints Ltd, manufacturers, marketers and owners of the international flagship brand ‘Robbialac’ recently treated its loyal dealers to all-expenses paid trips abroad. Over two hundred top performing Lankem Robbialac dealers enjoyed the different sights and sounds and experiences of Austria, Hungary, China and Indonesia over three to four nights in Lankem’s annual dealer appreciation programme.
Anilana Hotels and Properties PLC's Rights Issue, which closed today, was fully subscribed attracting applications over and above the number offered under the rights.
The Rights issue offered Ordinary Shares in the ratio of two shares for every seven shares held by the registered holders of Ordinary Voting Shares in the Company at an issue price of LKR7/- per ordinary voting share. The Company offered 109,624,114 Ordinary Voting Shares, making it a total 494 million shares. The Offer closed yesterday, raising LKR767 million partly to finance the balance construction of Phase-I of the Dambulla hotel and to retire approximately LKR 167 million of existing debt.
National Carrier, SriLankan Airlines was awarded the prestigious Gold Award for “People Development” at SLITAD Awards Ceremony 2014 organized by the Sri Lanka Institute of Training and Development, held at Hotel Galadari, Colombo, recently.
The ceremony brought the leaders of people development to a single platform where their outstanding achievements in the sphere of Human Resource Development were recognized and rewarded. The award holds a testimony to the results-oriented people development initiatives the Airline has adopted and practices to harness and hone the professional skills of the employees.
People’s Leasing & Finance PLC (PLC), the flagship subsidiary of People’s Bank, retained the ranking amongst "Top 25" listed companies for the 2nd consecutive year with the improvement of 4 notches from 18th last year to 14th this year at the "Business Today Top 25- 2013/14 Awards" held at the Hilton Hotel, Colombo recently. The award was received by Mr. N. Vasantha Kumar, Director and Mr. K.S. bandaranayake, DGM- Finance & Administration of PLC.
The depth of design talent and the degree of vertical integration that are unique to Brandix, Sri Lanka’s single largest apparel exporter, are to be demonstrated at a unique fashion show in Colombo on Saturday, 6th December, as one of the segments of the Sri Lanka Design Festival (SLDF). Themed ‘Urban Collective,’ the show is an amalgamated representation of the expertise and products of several business units of the Brandix Group such as Casualwear, Intimate Apparel, Lingerie, Essentials and Finishing, as well as its backward integration partners Brandix Textiles, Textured Jersey Lanka and Quenby Lanka Prints, the company said.
DFCC Vardhana Bank (DVB), Sri Lanka’s fastest growing commercial bank recently launched the Lanka Money Transfer (LMT) service in November 2014. This new remittance service allows customers to transfer and receive money with ease, using only the banks that they trust. The LMT service was introduced at an event attended by P. Samarasiri, Deputy Governor, Central Bank of Sri Lanka,Lakshman Silva, CEO, DFCC Vardhana Bank, Arjun Fernando, CEO, DFCC Bank and senior management of the LMT partner banks.
One of the most elegant holiday resorts located besides one of the most elegant beaches in Sri Lanka, The Pigeon Island Beach Resort in Nalaveli, had its newest addition when their new sea food restaurant, “The Beacon Signature ” was declared open by President Mahinda Rajapaksa, during his recent visit to Trincomalee.
CIC Holdings and Glucerna, CIC’s nutritional supplement for people with diabetes and pre-diabetes, recently hosted a series of events to support the ‘Diabeats’ campaign which was launched in commemoration of World Diabetes Day 2014. As part of the initiative, the CIC team gathered at the CIC Holdings Head Office and other key factories and locations across the country to learn how healthy living can help prevent and control diabetes. At each of the awareness sessions conducted, team members were able to make healthy living pledges to walk daily, lead a healthy life and eat healthy. To raise awareness about diabetes and the importance of healthy living, CIC also launched the ‘Diabeats’ track to help raise funds to buy prosthetic limbs for amputees who have lost a leg or foot due to diabetes.
The flagship hospital of the first internationally accredited hospital chain in Sri Lanka, Hemas Hospitals-Wattla, held “Smash Diabetes” Consumer Education Exhibition at the hospital premises on the 15th Nov’14 to commemorate the World Diabetes Day 2014. The event was held with the intention of educating the community around the hospital about preventing diabetes and to create awareness about various products and services available for those who have already become diabetic. A number of world’s leading brands used for treating diabetes the world over were available at the fair, giving customers a great opportunity to gain knowledge, experience and to purchase them at special rates.
According to the quarterly financial statements released recently to the Colombo Stock Exchange, the Bank’s top line performance has also showcased an impressive growth for the first 9 months of 2014. The Bank has achieved a Financing Income of Rs 1,798 million showcasing a growth of 43% from the corresponding period of last year, whilst Net Financing Income has recorded a growth of 85% to reach Rs 900 million. The Bank achieved a total operating income of Rs. 1,215 million indicating a growth of 58% for the same period.
SriLankan Airlines’ International Aviation Academy (IAA) has been an IATA authorized training Centre for more than a decade and its recent performance as IATA’s prestigious World’s best ( premier circle ) and Asia’s best training institute for 3 consecutive years resulted in its appointment as IATA’s Regional Training Partner (RTP) from year 2014. This recognition endorses IAA’s already established image as the best professional aviation training institute of the country that is on par with the internationally recognized training institutes. IAA had successfully and completed its first RTP programme “IATA/ Advanced Airline Marketing” recently, at its state-of-the-art training facility in Bandaranaike International Airport, Katunayake with the participation of 25 aviation industry professionals.
Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that combines innovation, technology leadership and industry solutions to transform the customer experience, bagged the Silver award in the General Application category at the National Best Quality ICT Awards (NBQSA) 2014 held recently. Virtusa received this award for ERA Insight, its comprehensive code quality and reuse governance solution that consolidates best-of-breed open source and in-house tools. The application has been nominated to represent Sri Lanka at the Asia Pacific ICT Alliance Awards (APICTA Awards) 2014.
ABC Trade & Investments (Pvt) Limited, a key player in the IT industry that has today diversified into new business areas, is celebrating its tenth anniversary. Having commenced operations in 2004 with a focus on a range of IT solutions, during the past few years ABC Trade & Investments has made strategic expansions into the areas of healthcare, green technology and personalized and corporate gifting solutions. The company has also set up their own Head Office Complex in Rajagiriya with a large, fully-equipped technical, warehouse and production center.
Hutchison Telecommunications Lanka (Pvt) Ltd, “Hutch” recently launched Unlimited India Data Roaming, another groundbreaking package offering numerous advantages to Sri Lankan visitors to India. A first of its kind in Sri Lanka, this innovative package is primarily aimed at overcoming the fear travellers have of incurring exorbitant data roaming charges when they travel overseas.
Commercial Bank’s Deputy General Manager – Marketing Mr Hasrath Munasinghe has been named one of the ‘100 Most Talented Global Marketing Leaders’ by the Chief Marketing Officer (CMO) Council. This prestigious accolade was presented at the 2014 Global Marketing Excellence Awards of the World Marketing Congress at Taj Land’s End, Mumbai recently.
The BSc. Degree in Applied Accounting offered by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) continued to break new ground as it received endorsements from leading universities and professional organisations abroad. One of Australia’s top universities, La Trobe University recently entered into a partnership with CA Sri Lanka which allows students following CA Sri Lanka’s BSc. Degree in Applied Accounting the opportunity to transfer into La Trobe University’s Accounting Degree programme.
Everyone is in full Christmas spirit and looking to celebrate, finding the best decorations, thinking of Christmas food preparations and getting ready to welcome family and friends for this special season. OZO Colombo believes in living the true spirit of Christmas, which means that it is also a time for sharing and thus has introduced a special CSR project to help the less fortunate.
People’s Leasing & Finance PLC presents two tipper vehicles to the Mahinda Rajapaksa International Sports Complex to be used for school and sports activity development projects. The official handing over by Mr. Gamini S. Senerath, the Chairman of People’s Bank and People’s Leasing Group to Mr. Mohamad Musthaq Mohamad Saleeh, Chairman of the Mahinda Rajapaksa International Sports Complex took place recently at the People’s Leasing Head Office premises. Mr. D. P. Kumarage, Chief Executive Officer /General Manager of People’s Leasing and the members of corporate management of PLC also participated at the event.
Mihin Lanka, Sri Lanka’s national low-cost carrier recently expanded its operations, with an inaugural flight from Colombo, Sri Lanka to Lahore, Pakistan. Mihin Lanka’s senior management and team members from Colombo were on-board the aircraft, and were welcomed with a traditional water cannon salute, followed by a celebratory reception which took place at the CIP lounge in Allama Iqbal International Airport in Lahore.
KVC Promotional campaign “Wasa Visa Nathi Ahara” was launched on 19th of November 2014 (Wednesday) at Hotel Taj Samudra - Crystal Lower Floor, Colombo 03. Mr. W. T. Ellawala , Chairman/CEO –CW Mackie PLC addressing the launch ceremony said that the company was able to turn Kelani Valley Canneries a profit-making entity within a period of 6 months although KVC range was one of the recent acquisitions of the company.
Liz Moscrop, the editor of Inflight magazine, has been named as the overall winner of the Oman Air Media Awards UK 2014. The announcement was made at a ceremony held on Oman Air’s stand at World Travel Market, in London. In addition, Ms Moscrop won the ‘Best article about Oman Air’ category of the awards. The ‘Best article about Oman Air’s sports sponsorship’ award went to Kate Laven, of the Sunday Telegraph, the ‘Best blog article about Oman’ award was won by Iain Mallory, of Mallory on Travel, and the ‘Best print article about Oman’ award went to Lyn Hughes, editor of travel magazine Wanderlust.
The ground breaking ceremony for the iconic luxury hotel and residences, ITC Colombo One, took place today and was graced by Mr. Basil Rajapaksa, Minister for Economic Development, H.E. Mr. Y K Sinha, High Commissioner of India to Sri Lanka and Mr. Y C Deveshwar, Chairman, ITC Limited, one of India’s largest multi-business enterprises. Several dignitaries lent their presence to this auspicious occasion including Hon. Mr. Lakshman Yapa Abeywardena, Minister for Investment Promotion, Mr. Gotabaya Rajapaksa, Secretary, Ministry of Defense and Urban Development, Mr. Lalith Weeratunga, Secretary to H.E. the President, Mr. M. M. C. Ferdinando, Secretary to the Ministries of Investment Promotion and Power & Energy, Mr. Ajith Nivard Cabraal, Governer, Central Bank of Sri Lanka, and Lieutenant General R M Daya Ratnayake, Army Commander.
Stalwart of the local advertising industry, Laila Gunesekere-Martenstyn was bestowed with the honour of Woman Super Achiever in Advertising and Media at the recently concluded World Marketing Congress in Mumbai. Participants from over 50 countries vie for recognition at the annual World Marketing Congress.
Asia's First Ever Travel Bloggers Conference - TBCasia 2014 organized by Cinnamon Hotels & Resorts in partnership with SriLankan airlines was held on the 18th November 2014 at Cinnamon Lakeside Colombo.
The world is changing faster than ever, and as new technologies emerge, customer needs grow along with it. In order to take advantage of this ever-evolving business landscape, it is not enough for organisations to just be ready for change. They also need to be able to foresee change in order to adapt and remain ahead of competition.
Sheikh Salman Bin Ebrahim Al Khalifa, the President of the Asian Football Confederation, will accompany FIFA Head, Sepp Blatter when he visits Sri Lanka from 1 to 2 December, a visit which coincides the Football Federation of Sri Lanka’s [FFSL] 75th anniversary celebrations, as well as the inauguration of the long awaited Jaffna Stadium.
Sri Lanka’s largest online travel company, findmyfare.com recently launched an unbeatable deal for Seylan Bank credit cardholders who want to visit Kunming in China. Findmyfare.com, in partnership with Seylan Bank, is now offering 100 seats on SriLankan Airlines for just one rupee (plus airline taxes of Rs. 15,869/-) each from 13 November 2014.
The Calamander Group is proud to launch Sri Lanka’s first and Asia Pacific’s longest glass fronted lap pool. Spanning 25 metres, this custom designed pool has been fabricated with a bespoke 48mm glass wall that has been tempered and laminated. This creates an aquarium-like effect, allowing swimmers to view the azure blue Indian Ocean and spectators to view swimmers doing their laps or splashing around with friends.
Love and light were in abundant evidence when Sri Lanka’s best loved department store Odel literally switched on for Christmas 2014 in scintillating style at its flagship edifice at Alexandra Place, on Saturday 15th November. A twelve-foot Christmas tree decked in myriad twinkling lights now welcomes visitors at the store’s ‘Boulevard’ entrance in an early reminder that the festive season will soon be upon us, and giving shoppers an inkling of the fairyland transformation that awaits them inside.
Aravinda Premadasa and the CEAT Racing Team took top honours at the CEAT SLADA Championship awards on Saturday, 15th November, winning the coveted Best Driver and the Team Championship for Cars respectively at a glitzy gala which brought the curtain down on the 2014 racing season. Shehan Adikari was adjudged the Best Rider of 2014, while the Team Championship for Motorbikes was won by Exide at this event, at which 12 other category awards were presented to the top performing drivers and riders at the six race meets that make up the CEAT SLADA Championship.
SriLankan Airlines’ frequent flyer programme, FlySmiLes entered into a partnership with Loon Tao and Tsing Tao to offer its members a host of attractive benefits. Accordingly, for every LKR 100 spent, FlySmiLes members can earn one FlySmiLes mile and the opportunity to redeem their miles when dining at any of the two restaurants.
CIC Holdings and Glucerna, CIC’s nutritional supplement for people with diabetes and pre-diabetes, today announced the launch of an awareness campaign to commemorate World Diabetes Day 2014. As part of this initiative, CIC’s Glucerna launched ‘Diabeats’, a free music track titled ‘Let’s Get Moving’ which helps raise funds to purchase prosthetic limbs for people who have lost a leg or foot due to diabetes. The entire campaign promotes healthy living as a means of preventing and controlling diabetes and to share this message with others, CIC’s Glucerna will conduct an activation at the Independence Square on 14 November, from 4.00 pm onwards.
The Central Bank today issues a new series of 25 coins of Rs 10 denomination in order to recognize and portray unique characteristics and/or iconic landmarks and/or special features of each administrative district of Sri Lanka. The first set of coins is to be presented by the Governor of the Central Bank of Sri Lanka, Mr Ajith Nivard Cabraal to His Excellency the President Mahinda Rajapaksa on 17th November 2014.
Softlogic Automobiles (Pvt) Ltd, a subsidiary of Softlogic Holdings, launched the all-new King Long range of passenger transport vehicles at a gala ceremony held at Waters Edge Battaramulla. The ceremony was graced by Hon. C.B. Ratnayake - Minister of Private Transport Services, His Excellency Wu Jianghao - Chinese Ambassador for Sri Lanka, Mr. Andrew Chen - Regional Manager Asia Pacific Section - Overseas Sales and Marketing Company King Long, Mr. Andy Chen - Sales Specialist Asia Section - Overseas Sales and Marketing Department King Long, Mr. Ashok Pathirage - Chairman of Softlogic Holdings, Mr. Suminda De Silva - CEO Automotive Sector of Softlogic Holdings and the senior management of Softlogic Holdings.
The leading global information and communications technology (ICT) solutions provider Huawei, and Singer Sri Lanka PLC. the country’s number one brand and Smartphone marketer who is the exclusive national distributor for Huawei, unveiled the all new Huawei Ascend Mate7, a 6 inch ultra fast smartphone. The launch ceremony was held at the Singer Lifestyle Exhibition and Fun Fair at Colombo following its successful launch in Paris, Berlin and Bangkok recently.
SriLankan Airlines and the Airline’s Aircraft Technicians’ Association (SAATA) signed a collective agreement recently for a period of three years, which recognizes the importance of enhancing productivity when the national carrier is stepping into a new era of world travel with its extensive wide-body fleet renewal programme, initiated last month.
The Commercial Bank of Ceylon PLC has reported profit before VAT and NBT of Rs 13.119 billion for the nine months ended 30th September 2014 in a performance befitting its status as Sri Lanka’s largest private bank. In spite of a healthy 10.38% growth in Operating Income, Profit before tax grew by 7.77 % due to the imposition of Nation Building Tax (NBT) effective January this year, the Bank said in a filing with the Colombo Stock Exchange.
The Human Resources team of Unilever Sri Lanka launched the second phase of its “Jeewithayata Aruthak” youth skill building programme, targeting undergraduate students from several leading universities in the nation. The programme which aims to “Give purpose to life”, helps young students in Sri Lanka become more employable by providing them soft skill development interventions. The first phase of the programme was conducted at Dehiowita National School in 2013.
ikman.lk has been conferred as Sri Lanka’s most popular market place for second-hand items according to a quantitative research done by TNS, a world leader in customized market research. The research revealed, ikman.lk has established its brand name as the leading online trading site in Sri Lanka. The primary objective of the research was to understand ikman.lk’s awareness and usage for buying and selling among Internet users in Sri Lanka and to assess its position against other trading competitors, both traditional and online. It looked at brand awareness, usage and future consideration of ikman.lk against other choices people would use for buying or selling second-hand goods and services. The objectives were assessed on six main categories on ikman.lk; namely, used cars & vehicles, electronics, house & property, jobs & services, home & personal items and leisure sports & hobby.
Driving growth is one of the most challenging tasks for organisations, with Sales Teams consistently having to deliver more – be it market share, profit, retail outlets, distribution, sales, agents, cash availability, orders and turnover while achieving high targets.
Empowering sales personnel to realise their goals through innovative strategies, the Colombo Leadership Academy’s ‘Strategic Sales and Distribution Management’ programme comprises content that will give sales personnel the strategic insights and enhanced competencies required to succeed in this highly-competitive and ambiguous business environment.
Lanka Hospitals, the foremost healthcare provider with a proven record of underlying achievements, recently announced the successful completion of 100 cochlear implant surgeries. Lanka Hospitals being the pioneer of cochlear implant surgeries, announced that the 100th patient, a Maldivian national is now recovering from the operation which was a complete success. Being accredited by the Joint Commission International and marking its territory as one of the world’s best hospitals, Lanka Hospitals assures its commitment to surpass its promise of delivering excellent healthcare facilities and patient care.
MARKSS HLC (Pvt) Ltd, one of the leading healthcare companies in Sri Lanka along with their business partners Ms. Panacea Biotec India successfully launched “VAGACYTE” brand of Valganciclovir 340mg USP during a Continuous Medical Education program conducted by Sri Lanka college of Nephrologists on the topic of “Place of therapy in Solid Organ Transplant”: held at Cinnamon Grand Hotel recently.
Leading Nutrition, Health and Wellness Company, Nestlé Lanka PLC, recorded a growth of 7.9% for the nine months ending 30 September 2014, posting a revenue of LKR 24.9 billion and a profit of LKR 3.1 billion in the midst of a challenging market environment. An interim dividend of LKR 12 per share was also declared by the Board of Directors to be paid to the shareholders on 2 December 2014.
Ajith Nivard Cabraal, Governor of the Central Bank of Sri Lanka was a Panelist at the World Economic Forum – India Economic Summit on the Session on Inclusive Finance: From Paper to Action. The other Panelists were Kwesi Amissah-Arthur, Vice President of Ghana, Chetna Vijay Sinha, Founder, Mann Deshi Foundation, India; Social Entrepreneur and Stuart Milne, Chief Executive Officer, HSBC India. The Moderator was John Chalmers, Bureau Chief, South Asia, Thomson Reuters, India,
Swedish Trading Audio Visual (Pvt) Ltd., a member of the Chandra Senanayake Holdings partnered with the international, bestselling brand ‘KV2 Audio’ and US based premium brand Shure. Representing KV2 Audio Dave Croxton Director of Sales & Marketing KV2 Audio International graced the occasion.
The launch held at Bloomfield Grounds Colombo 07, with over 300 invitees saw a new dimension of the latest KV2 and Shure products targeting a cross segment of the market including corporate, public and government, music and entertainment.
M. D. Gunasena the leading publisher, printer and bookseller, officially announced the launch of a distributor programme for Colleen Pencil Thailand Ltd. The appointment of the distributor network comes as a solution to cater to the demand generated for Colleen products throughout the country. The products will also be available through major supermarkets, bookshops and retail outlets across the country.
Softlogic Information Technologies, one of the premier ICT companies in Sri Lanka and a pioneering subsidiary of Softlogic Holdings, deployed the latest Dell 13G R730 server solutions at International Construction Consortium (Pvt) Ltd (ICC), a building and civil engineering contracting organization with the finest reputation for construction excellence. The new server solution will be used for ICC's Enterprise Resource Planning (ERP), increasing business performance and data demands in mission critical enterprise environments.
Sri Lanka’s largest online travel company, findmyfare.com recently hosted a day of fellowship combined with impactful training sessions for all staff members. The casual day out was held at The Palms Hotel in Beruwala and gave the findmyfare.com team a chance to relax, bond and learn.
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), which has built up a reputation for offering cutting edge professional advancement programmes for the benefit of the country’s high-end professionals, will bring down a Wall Street Mastermind to conduct a Mergers & Acquisitions workshop in November 2014.
National carrier, SriLankan Airlines began commercial operations on its newly acquired Airbus 330-300 with a direct non-stop service to London on Sunday November 09th.
SriLankan Airlines flight UL505 departed from Katunayake at 0225 am local time on Sunday en-route to London Heathrow airport, returning to Colombo at 0440 am on Monday 10th November.
Fitch Ratings-Colombo/Hong Kong-26 November 2014: Fitch Ratings Lanka has assigned Sampath Bank PLC's (Sampath; AA-(lka)/Stable) proposed subordinated debentures of up to LKR7bn a final National Long-Term Rating of 'A+(lka)'.
The assignment of the final rating follows the receipt of final documents that conform to information previously received. The final rating is at the same level as the expected rating assigned on 11 November 2014.
Fitch Ratings Lanka has assigned Siyapatha Finance Ltd's (SLFL; A(lka)/Stable) proposed subordinated redeemable debentures of up to LKR1bn a final National Long-Term Rating of 'A-(lka)'. The assignment of the final rating follows the receipt of final documents that conform to information previously received. The final rating is at the same level as the expected rating assigned on 2 October 2014.
Cannes Lions has today announced Jury Presidents for the two categories at the centre of the new Lions Innovation festival. Y&R’s Global Chief Executive Officer David Sable will take the reins of the first ever Creative Data Lions while R/GA Global Chief Creative Officer Nick Law will be at the helm of the expanded Innovation Lions.
Speaking about the appointments, Cannes Lions Chairman Terry Savage said that both categories would be in the spotlight next year, and selecting the right Presidents plays a key role in their success.
Huawei the leading global smartphone maker, together with the support of Singer Sri Lanka PLC the country’s number one brand and Smartphone marketer, who is the exclusive national distributor for Huawei, came forth as an official sponsor for the England Cricket Tour in Sri Lanka which will commence on the 26th of November 2014. Representing Huawei Mr. Henry Liu – Head of Terminal was present at the official pre-match press briefing held at R. Premadasa Stadium.
MillenniumIT, a leading technology solutions provider and a part of London Stock Exchange Group (LSEG), recently joined up with the Sri Lanka Institute of Marketing (SLIM), Oracle and Ezy Infotech Private Ltd to roll out the first program in a series of sessions which aim to introduce new approaches to Customer Experience Management in Sri Lanka. This introductory session focused on the current challenges faced by the marketing community with regard to customer experience management, and how proper alignment with IT solutions can help overcome these challenges.
Emirates, a global connector of people and places today announced a series of special fares that make travel from Sri Lanka to 46 destinations in Europe and USA significantly more affordable. Covering the 37 European and nine US cities served by the award-winning airline, the fares for Economy Class as well as Business Class travel, will be available for sale until Thursday 4th December only, but can be utilised for travel between 5th December 2014 and end March 2015.
As the world prepares to celebrate the joys of Christmas, the Arpico retail chain is paving the way for 25 lucky families to ‘Win the World’ by winning holidays to 15 destinations in North and South America, Europe, Africa and Asia/Australia. Shoppers who make their December purchases at Arpico Supercentres or Arpico ‘Daily’ outlets will be eligible to win these holidays, inclusive of visa, food, accommodation, pocket money and air tickets as a reward, the company said.
A private Sri Lankan television network said on Monday it had received complaints that two local pay TV operators had blocked its live telecast of an appearance by new opposition presidential candidate Mithripala Sirisena. Sirisena resigned as health minister on Friday and said he would challenge President Mahinda Rajapaksa in a snap election in January. Rajapaksa is seeking an unprecedented third term and remains a popular leader despite foreign criticism over his sweeping powers and human rights record.
Samaposha, the leading cereal brand of Plenty Foods (Pvt) Ltd., a subsidiary of Ceylon Biscuits Ltd. (CBL), received the prestigious Gold Award for Large Scale Food Processors at the ‘National Agribusiness Awards 2014’ organized by the National Agri Business Council held at the BMICH recently.
CIC Holdings PLC, in partnership with the Sri Lanka Business and Biodiversity (SL B&B) Platform and Biodiversity Education And Research (BEAR), recently shared the findings of their year-long study conducted on the Sri Lankan sloth bear in Wilpattu National Park. The project was funded by CIC and implemented under the supervision of the Department of Wildlife Conservation (DWC) with the guidance of Prof. Devaka Weerakoon from the Department of Zoology at the University of Colombo.
Head of Partner Markets- Pearson Asia Steven McGill said Sri Lanka has a lot to teach other countries as they truly understand and seek out quality education. McGill has significant experience in a number of markets across Europe, North America and Asia. Excerpts from the interview:
With sustainable business practices in mind a significant initiative towards adopting eco-friendly business mechanisms was recently spearheaded by Mountain Hawk Express (MHE) – Licensee of Federal Express Corporation in Sri Lanka. After months of due diligence and research, MHE has made a move what is today alien to many but will certainly pave the way in harnessing renewable energy in the future.
The Cannes Lions International Festival of Creativity has announced that the 2015 Creative Marketer of the Year will be awarded to HEINEKEN. The accolade recognises companies who have distinguished themselves by inspiring innovative, global marketing of their products and who embrace and encourage creativity in their brand communications.
The Informatics Institute of Technology (IIT) which is the pioneer in providing internal British higher education since 1990 has introduced the Higher National Diploma (HND) in Business which is validated by the Scottish Qualifications Authority (SQA), UK.
The 18 month HND in Business programme will provide practical skills and theoretical business knowledge that is in demand by employers. It caters to the disciplines of business, information technology, management, finance, accounting, hospitality and many more. The course will cover the essential elements of business operations through group projects, practical and theoretical assignments which will reflect a real business environment. Additionally, this programme offers a 6 month industrial placement.
Mahindra Two Wheelers Limited, a part of the US $16.5 billion Mahindra Group, today launched its eagerly awaited global scooter, the ‘GUSTO’ that has beendeveloped entirely indigenously at its state-of-the-art R&D facility in Pune, India. The name - GUSTO, is derived from the word ‘Gust’, which is a sudden strong current of wind, symbolizing the spirit of freedom. The host of consumer inspired technology innovations on the Gusto are thus expected to usher in winds of change in the way consumers experience scooters. The Mahindra GUSTO is India’s first scooter with a unique patented Height Adjustable Seat, making it easy for anyone to effortlessly adjust the seat height as per their individual needs. For Sri Lanka also it would be first in its category to have such features.
Mobitel, The National Mobile Service Provider, is reaching new heights with its superior roaming facilities that offers a higher level of connectivity onboard across 15 leading airlines with voice, SMS and data accessibility to suit the roaming requirements of Mobitel customers travelling to almost any part of the world. The special inflight roaming services would be available among airlines including Sri Lankan Airlines, Emirates, British Airways, Qatar Airways, Etihad Airways, Singapore Airlines, Philippine Airlines, Saudi Airlines, Oman Air, Royal Jordanian and many more.
Sheikh Hamad bin Khalifa Al Thani, President of the Qatar Football Association, will join the VIP football delegation headed by FIFA President Sepp Blatter to Sri Lanka on 1 December.
One of Sheikh Hamad’s chief achievements is winning the right to stage the 2022 FIFA World Cup in Doha, the first event of its kind to occur in the Middle East.
Fashion Bug, one of Sri Lanka’s leading retail clothing stores with over 17 outlets island wide, continued its role as a responsible Corporate citizen by coming forward to sponsor the National Institute of Mental Health (NIMH) , by presenting them with T Shirts for World Mental Health Day. The United Nations has designated the 10th of every October as World Mental Health Day and this year Fashion Bug came forward to sponsor this event by helping the NIMH to celebrate this day.
Leading insurer Janashakthi Insurance is offering protection to three wheeler drivers given the increasing number of road accidents in the country, as the company celebrates 20 years of operation. Dependents of three wheeler drivers which display the Full Option sticker are entitled to special protection of up to Rs. 500,000 in the event of a fatal accident, as a gesture of goodwill given Janashakthi's market leadership in the segment.
Tiesh will be unveiling its latest collection at the upcoming CFW Design Trunk Show 2014. Over the span of 11 years CFW has played a pivotal role in uplifting Sri Lanka’s design talent and Tiesh is extremely proud to feature an exquisite collection of jewellery at one of CFW’s prestigious fashion events. . The CFW Design Trunk Show is part of an initiative to promote retail opportunities for designers that participate in Colombo Fashion Week. This event will showcase a diverse range of collections and hopes to bring a strong commercial aspect to the business of fashion designing.
Emirates, a global connector of people, places and economies, has reiterated its commitment to the Maldives with the announcement of a third daily service to the capital of the South Asian archipelago. Commencing Monday, 1st December, Emirates flight EK656 will depart Dubai International Airport at 0210hrs, and arrive in Malé at 0715hrs, adding seven more inbound flights a week to the Maldives, increasing passenger and cargo capacity on the route by a third.
The National Mobile Service Provider Mobitel won three esteemed awards at the recent ‘e-Swabhimani 2014 Awards’, the prestigious national awards that gives recognition for the best e-content and innovative ICT applications in the country.
Director / Chief Executive Officer of Browns Hospitals / Healthcare Dr. Sajeeva Narangoda was recently awarded the Fellowship of CIMA (UK) and thus goes on record as becoming the first-ever practicing doctor in the history of CIMA (UK) to become a Fellow of the Institute. Having become an Associate Member of CIMA in 2008, Dr. Narangoda served on the CIMA Sri Lanka Board Sub-Committee on student development in 2012/13 and currently serves on the Board Sub-Committee on Employer Relations.
Sri Lankan company, Hemas is conscious about the needs and aspirations of the Sri Lankan consumer. In the past, washing powder was considered a luxury. Hemas revolutionalised the Sri Lankan market in 2003, by introducing an economical detergent powder to the consumers. Diva has made laundry simple, easy and less time consuming by removing dirt faster with minimal effort.
The market for the internet of things is set to triple by 2020 to US$7.1 trillion, and it’s not just wearable devices and connected city traffic networks. We are seeing this trickle down to our favourite stores and shopping malls, and the potential is huge. The retail landscape is expected to change more in the next 10 years than it has in the past fifty, due largely to the explosion of the Internet of Things (IoT) and big data1. So how can retailers take advantage of this to provide better experiences to consumers who want to shop from anywhere at anytime?
SriLankan Holidays, the leisure arm of SriLankan Airlines joins hands with Lanka Sportsreisen to flag off the SriLankan segment of the internationally famed mountain bike challenge, Yak Attack- Rumble in the Jungle, Mountain Biking, 2014 on November 19th from Kuda Oya, Balaharuwa.
“Rumble in The Jungle – Mountain Biking, 2014” is an event initiated by Phil Evans of Yak Attack, UK, jointly organized in Sri Lanka in collaboration with SriLankan Airlines as the main sponsor and Lanka Sportreizen as the official ground handling partner together with Mobitel, CSN and Torq.
Preparing for the festive season, WOW.lk has announces a new promotion that cannot be missed with Swarnamahal, offering a half price discount on select items from the stunning AURA White Gold Collection. With this incredible offer, you can make a glamorous fashion statement by purchasing your very own piece of white gold jewellery on WOW.lk up until the 22nd November 2014.
Sri Lankan stocks rose for a fifth straight session on Monday to 43-month highs, led by beverage and telecom shares a day ahead of the central bank's monetary policy announcement, when it is expected to hold rates. Continued foreign buying, low interest rates and hopes for better earnings from companies helped boost investor sentiment. Sri Lanka's main stock index rose 0.31 percent, or 22.91 points, to 7,524.00, its highest closing level since April 18, 2011.
Ansell, a global leader in protection solutions, today announced the acquisition of Hands International, a privately held company, located just outside of Colombo. This acquisition is another step to integrate backwards and build the Company’s knitting and cut and sew manufacturing capabilities.
Hands International is a manufacturer and supplier of personal protective equipment (PPE), with approximately 1500 employees. The Company specializes in producing knitted glove liners, but also manufactures certain coated, cut and sew styles and liner cotton fabrics materials. Hands International was founded in 1992.
Ceylinco Life has begun construction of a new four-storey building on company owned land in Trincomalee, further strengthening its presence in the eastern part of the island. The new office building on 22.65 perches land at No 20, Kandy Road, Trincomalee, will accommodate seven branches and one customer service section and offer ample parking for customers, the company said.
The world renowned ‘Global Finance Magazine’ recently recognized and awarded Amãna Bank as the Best Up-and-Comer Islamic Bank of the World. Amãna Bank’s Chief Executive Officer Mohamed Azmeer received the award from Global Finance at the 18th Annual, World’s Best Banks Award Ceremony 2014 held in Washington DC, USA, which coincided with the annual IMF and World Bank Conference in the same location.
Joseph "Sepp" Blatter, theSwiss footballadministrator who serves as the eighth and current President of FIFA (Fédération Internationale de Football Association), arrives in Sri Lanka on 1 December by private jet. Blatter who was elected on 8 June 1998, succeeding João Havelange, has been re-elected as President in 2002, 2007 and 2011.
SINGER Sri Lanka PLC. the country’s number one brand and number one Smartphone marketer, together with Sony Representative Office Sri Lanka introduced the flagship Sony Xperia™ Z3 and Xperia™ Z3 Compact smartphones to the local market. The launch was held under the patronage of Mr. Alex Yee - Chief Representative - Sony South East Asia - Sri Lanka Representative Office and Mr. Asoka Pieris - CEO SINGER Sri Lanka PLC, at the Singer Lifestyle Exhibition and Fun Fair at the BMICH.
Jet Airways, India’s premier international airline, will add a second frequency from Colombo to Mumbai. Following popular demand effective November 5, 2014, the introduction of this new flight will offer seamless access to airline’s primary hub at Mumbai and beyond to Far East, Europe, US, Canada and to the Gulf. Operating a state of the art Boeing 737 aircraft, Jet Airways’ guests can now avail of same day return on this route, especially for those traveling on business.
Digital technology leader, Samsung Electronics recently expanded its network in Sri Lanka, by launching its latest Samsung Digital Plaza in Panadura. The new plaza is located at 141, Galle Road, Panadura and will provide consumers in the town of Panadura with greater access to a variety of Samsung’s consumer products. The plaza was opened in collaboration with Softlogic Retail and the opening ceremony was attended by distinguished guests from Samsung Electronics India - Sri Lanka Branch Office and Softlogic Holdings PLC.
More than 100 entrepreneurs of the Ratnapura District benefitted from a seminar organised recently by the Commercial Bank of Ceylon under its ‘Diribala Viyapara Pubuduwa’ programme designed to develop the entrepreneurial skills of Small and Medium Enterprises (SMEs).
Whether it be East or West, Developed or Developing world, the umbrella is an indispensable item. Be it rain or sun, you would rarely come across people walking on the road without an umbrella. In today’s context people are extremely fashion conscious. The pioneer in the umbrella industry having understood this evolving market, caters to this need of customers. Rainco is the first in the industry to translate global fashion to local umbrella designs. Gone are the days where an umbrella is just used for functional purposes. Today, umbrellas are treated as a fashion accessory. Rainco as the market leader has the latest designs combined with cutting edge technology used to further fine tune products to suit the constantly changing needs of the customer.
Lotus World, the path towards inner happiness, is a noble plan in serving humanity and trying to make the world a better place to live in. The international launch of the Movement was held in Colombo recently. Founded by Navin Gooneratne, Chairman, Light of Asia Foundation and the producer of the timeless epic, ‘Sri Siddhartha Gautama’ and Gagan Malik, the Indian star actor, who gave up his glamorous life to tread the path to serve humanity, the Movement calls all living beings who yearn for inner happiness to remove themselves from the present path of strife and ultimate destruction, instead encompassing a life replete with compassion, harmony and wholesome co-existence.
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently paid tribute to well-known Chartered Accountant Mr. Lal Nanayakkara by inducting him into the CA Sri Lanka Hall of Fame in recognition of his significant contribution made towards the development of the accounting profession, the institute and to society.
Asian Alliance Insurance PLC (AAI) that is part of the Softlogic Group is pleased to announce profit after tax for Period to date September 2014 of Rs 532Million. The impressive result comes about on the back of Life premiums growth of 21% for the period at Rs 2.2Billion, with the absolute increase of Rs 378Million being amongst the highest in the industry, and is coupled with an exceptional result achieved on the investment portfolio of the company.
Aftermath of the massive landslide occurred early Wednesday morning (29th October 2014) burring a row of line houses in Haldumulla, Badulla in the island's upcountry, both PLC branches of Badulla and Bandarawela volunteered in providing relief for the affected.
Huawei announced today that it has been named to Thomson Reuters’ “Top 100 Global Innovators of 2014” list. Huawei is notably the only mainland Chinese company to make the ranking, started in 2011,which focuses on global leadership in innovation across industries assessing factors including a company’s overall patent volume, patent grant success rate, global reach of patent portfolio, and patent influence as evidenced by citations by other companies.
Focusing on collection, disposal and recycling of PET and plastic waste, Coca-Cola set up the ‘Give Back Life’ project in 2008. Each year, the Company evolved its commitment to environmental protection by involving more partners, including schools and encouraging the community to collect and recycle plastic and PET waste. This year, Coca-Cola partnered with the Ministry of Environment & Renewable Energy and Central Environment Authority to place 80 special PET/plastic waste collection bins across Sri Lanka.
Amãna Takaful PLC, the only fully-fledged Takaful operator in the country and the flag bearer of the Takaful way of insurance in Sri Lanka, recently opened the state-of-the-art Training Academy of Skills and Knowledge (TASK) centre in Colombo. The centre was ceremoniously inaugurated by Tyeab Akbarally, Chairman, Amãna Takaful and Fazal Ghaffoor, CEO, Amãna Takaful, in the presence of the company’s senior management and staff.
Fashion Bug, one of Sri Lanka’s leading retail clothing stores with over 17 outlets island wide, continued its role as a responsible Corporate citizen by coming forward to sponsor the National Institute of Mental Health (NIMH) , by presenting them with T Shirts for World Mental Health Day. The United Nations has designated the 10th of every October as World Mental Health Day and this year Fashion Bug came forward to sponsor this event by helping the NIMH to celebrate this day.
The Emirates Group today announced its half-yearly results which show steady performance and growth, despite a challenging business environment marked by ongoing health pandemic concerns, regional conflicts, and weakening global markets.
The Emirates Group revenues reached AED 47.5 billion (US$ 12.9 billion) for the first six months of its 2014-15 fiscal year, up 12% from AED 42.3 billion (US$ 11.5 billion) from the same period last year.
Sri Lankan conglomerate Renuka Holdings PLC received shareholder approval at the EGM held on 11th November 2014 to proceed with the group’s ambitious project to date – The Renuka Tower - at Galle Face Terrace.
The International Federation of Airline Pilots' Associations (IFALPA), in collaboration with the Airline Pilots’ Guild of Sri Lanka (ALPGSL), will host its Asia/Pacific Regional conference for 2014 at the Kingsbury Hotel from 13 - 15 November 2014. This is the first time that Sri Lanka is hosting this prestigious annual event which brings together pilots and aviation officials from across the entire region.