Inflation drops to record low of 0.6% in February

02 Mar 2015

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The headline inflation measured by the Colombo Consumer Price Index (CCPI) for the month of February 2015 dropped to a 11-year low of 0.6 percent from a year ago, declining from 3.2 percent recorded in January.

SF's parliamentary seat: Respondents noticed

27 Feb 2015

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Amãna Bank records first profitable quarter with LKR 88.5 Million PBT Total Assets grow by 49% duri

27 Feb 2015

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

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

27 Feb 2015

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

Shift Solutions use Oculus Rift technology to create an immersive brand experience

27 Feb 2015

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

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

27 Feb 2015

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

Growth to slow; but still ‘healthy’: Fitch

27 Feb 2015

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After years of recording a high economic growth in excess of 7 percent, a global rating agency yesterday said that the pace at which the Sri Lankan economy will grow could slow down but will still remain an outlier among the emerging Asian region.

findmyfare.com becomes accelerated travel partner for Sampath Bank’s Amex Credit Card

27 Feb 2015

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Sri Lanka’s largest online travel company, findmyfare.com recently joined hands with Sampath Bank as an accelerated travel partner for the American Express Platinum Ultramiles Credit Card.

Opportunity to experience the best of Seychelles with Mihin

27 Feb 2015

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

Emirates increases capacity on Nairobi service

27 Feb 2015

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Emirates, a global connector of people and places, will connect even more people with Kenya’s capital, Nairobi, when it switches from the current Airbus A330-200 aircraft used on one of the two daily services to a larger Boeing 777-300 ER from 1 May.

Kelani Cables recognizes employee with CEO’s Award

27 Feb 2015

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Kelani Cables PLC, Sri Lanka’s number one brand in secure electrical and communication cables, honoured its outstanding sales person for sales excellence with the CEO’s Award recently.

Prima to spice up “136th Battle of the Blues

27 Feb 2015

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

McDelivery brings new wave of delight to town

27 Feb 2015

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Now you can enjoy the scrumptious taste of Mcdonalds right at your doorstep. The concept of McDelivery has proved popular among consumers in other regions and now is in Sri Lanka for our very own to enjoy the service.

Top trends to impact IT landscape in 2015

27 Feb 2015

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

Mobitel offers Twitter without data charges for a unique cricket experience

27 Feb 2015

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Equal pay at work - A key gender issue highlighted on Oscar stage

27 Feb 2015

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Patricia Arquette, who carried away the Oscar for the Best Supporting Actress at Oscars this year, took the awards show to a political level when in her acceptance speech, she stressed on the fact that there still was a gap between what men and women earn. The actress wasn’t just referring to the entertainment industry; her remarks have brought on a new lease of life to the discussion on a key gender issue – that of equal pay.

Political ‘achcharu’ anyone?

27 Feb 2015

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Finally we have an opposition within the government. Did they cunningly vote for the budget, guessing it was the best way to defeat the government? Clever!So can the UNP save RW or does MR save the SLFP? Who is the UPFA now hiding behind a betel leaf and are the swan and the lotus in the same pond?Are we looking at the emergence of a third front with another arranged marriage between the likes of the JHU, TNA and JVP, who may well form an opposit

Maritime security awareness in Indian Ocean – An analysis

27 Feb 2015

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The floating armouries in the Indian Ocean are a lively topic of discussion at present in Sri Lanka. Two companies namely Avant Grade (AG) and the parent Rakna Arakashka Lanka Ltd (RALL) are known to have stockpiled a cache of sophisticated arms for security of commercial shipping in the western Indian Ocean and the government agencies, banks and other private sector institutions, respectively and the storage of these weapons were in containers i

Seylan profit after tax exceeds Rs.3bn

27 Feb 2015

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Seylan Bank reported a record profit after tax (PAT) figure of Rs.3,079 million for the year ended December 31, 2014. This is an impressive 33 percent growth in PAT compared to the Rs.2,316 million reported in 2013, an impressive 33 percent growth in PAT.

Nations Trust records resilient performance amidst challenges

27 Feb 2015

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Nations Trust Bank (NTB) closed t he year with a post-tax profit of Rs.2,536 million recording a growth of 19 percent over the corresponding year. The core revenue recorded a faster rate of growth of 22 percent over operating expenses growth of 11 percent, thereby significantly improving operating margins.