Singer 4Q growth helps annual revenue to surpass Rs. 29 bn

04 Mar 2015

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Consumer durables retailer Singer Sri Lanka ended the 2014 financial year on a high note, recording a 27 percent growth in fourth quarter revenue that helped the Group achieve Rs. 29.7 billion in annual revenue. Annual revenue grew by 16.5 percent in 2014, an increase driven by rising demand in key product categories.

Singhe Hospitals in Rs.250mn IPO to retire debt, invest in machinery, labs

04 Mar 2015

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Singhe Hospitals Limited of Ratnapura will be opening its Initial Public Offering of Rs. 250 million on March 12 at the Colombo Stock Exchange, following just 2 years of operations, as announced at a press conference recently.

Unilever Sri Lanka crowned ‘Marketer of the Year’ at Effies

04 Mar 2015

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Unilever Sri Lanka bagged the coveted ‘Marketer of the Year’ award at the Sri Lanka Institute of Marketing (SLIM) Effie Awards 2014 held recently.The award recognizes the overall effectiveness of Unilever Sri Lanka’s marketing efforts across its portfolio of 29 brands. The company topped the charts to win this coveted prize.

Holcim Lanka hosts ‘concrete week’ to educate stakeholders

04 Mar 2015

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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.

Iodex holds relief camp for Sri Pada pilgrims

04 Mar 2015

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Iodex, the Ayurvedic balm brand from SmithKline Beecham (GlaxoSmithKline), recently held a relief camp to provide support to thousands of pilgrims visiting Sri Pada, a sacred place for Sri Lankans at a height of 2,243 metres.

UltraTech conducts building clinics with Engineers Institute

04 Mar 2015

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UltraTech Cement Lanka (Pvt.) Ltd is conducting building clinics in partnership with the Institute of Engineers to help individual home builders get professional advice to cut down on costs and own a long-lasting house.

HNB-Ideal Motors partnership to promote Mahindra vehicles

04 Mar 2015

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Hatton National Bank (HNB), the premier private sector commercial bank in Sri Lanka, recently joined hands with Ideal Motors (Pvt.) Ltd to promote Mahindra vehicles.

Further savings on fuel for HSBC cardholders

04 Mar 2015

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HSBC’s popular ‘free fuel for one year’ at islandwide Lanka IOC fuel stations continues to reward credit cardholders with further savings on fuel on top of the fuel price reduction.

CDB launches Salary Plus account

04 Mar 2015

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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.

Sri Lanka must leverage its diaspora for development but it’s more than just money

04 Mar 2015

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Sri Lanka has struggled with engaging its diaspora. The protracted conflict polarized diaspora communities abroad and created negative perceptions at home. Yet, a conference held last week attempted to reverse this. Titled ‘Our Sri Lanka: Engaging Persons of Sri Lankan Origin Overseas’, the Consortium of Humanitarian Agencies (CHA) and International Alert brought together inspiring and committed individuals from the UK who are demonst

Political situation in Sri Lanka and region

04 Mar 2015

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Following is the speech delivered by Lakshman Kadirgamar Institute (LKIIRSS) former Executive Director Asanga Abeyagoonasekera recently, at the Consortium of South Asian Think Tanks (COSATT) Regional Conference on ‘Deeper Integration for Peace and Prosperity in the South Asian Region’ organised by the Centre for South Asian Studies (CSAS) in cooperation with Konrad Adenauer Stiftung (KAS) in Katmandu, Nepal.

Economics of broken window is applicable to corruption

04 Mar 2015

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The Sirisena presidency and the UNP that championed it have been endorsed by t he ballot with the hope t hat they will take action against the rampant corruption that was felt to be hurting the public welfare under the SLFP-led Rajapaksa presidency.

Sri Lanka waiting for right time to raise up to US $1.5bn bond

04 Mar 2015

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REUTERS: Sri Lanka is waiting for the right time to launch a sovereign bond of up to US $1.5 billion, possibly with a longer tenure to roll over its debts in 2015, Central Bank Governor Arjuna Mahendran said.

Rathana Thera disappointed

03 Mar 2015

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Port protest

03 Mar 2015

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Mattala to be closed at night

03 Mar 2015

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Ethanol continues to flow

03 Mar 2015

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Land Rover partners with HSBC Colombo Fashion Week

03 Mar 2015

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Land Rover is extremely proud to partner with HSBC Colombo Fashion Week for a fourth consecutive year for the upcoming Spring/Summer 2015 Show. The annual HSBC Colombo Fashion Week showcase has become one of the most highly anticipated events of the year not just in Sri Lanka, but also in the region. Land Rover’s well-considered partnerships and events resonate with consumers who have come to regard the brand as a beacon of a boundary-pushi

Maliban milk products awarded ‘OHSAS 18001: 2007’ certification

03 Mar 2015

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Maliban Milk became the first milk food company in Sri Lanka to be awarded the International Standards of ISO Certifications Trinity; ISO 9001, ISO 22000 and ISO 14001 from the Sri Lanka Standards Institution.

Brandix felicitates donation of 3,321 units of blood

03 Mar 2015

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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.