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Hameedia exclusive principal sponsor of the ‘Designer Wedding Show 2014’

04 Nov 2014

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Continuously setting the benchmark in the fashion industry, Hameedia will once again be partnering with the ‘Designer Wedding Show 2014’ as the exclusive principal sponsor of the event. The highly anticipated fashion show will take place on 28 October at the Hilton Colombo and will showcase the most renowned designers and brands associated with weddings, bridal fashion and grooms wear in Sri Lanka.   

Urgent Statement By The Planters' Association On Landslides

04 Nov 2014

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The Planters’ Association of Ceylon expresses its deep regret over the loss of lives caused by landslides in the Koslanda area last Wednesday (29th October)  and reaffirms its steadfast commitment to assist other estate residents living in areas facing the danger of landslides, with the co-operation of the relevant government authorities. 

Holcim Lanka to provide technical expertise for Room to Read’s local projects

04 Nov 2014

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Holcim Lanka, t he leading cement manufacturer in the country, has entered into a strategic agreement with the global non-profit organization, Room to Read, to provide technical expertise on construction along with cement at a discounted rate for its library and school construction projects around the country.

Ford Presents Conservation And Environmental Grant To Fogsl

04 Nov 2014

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American automobile pioneer Ford Motor Company, along with its local partner Future Automobiles (Pvt) Limited presented the US$20,000 Ford Conservation and Environmental Grant 2014 to the Field Ornithology Group of Sri Lanka (FOGSL) for the third consecutive year to promote peace and reconciliation through nature conservation and environmental awareness.

Emirates Welcomes 100th Boeing 777-300er

04 Nov 2014

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The Boeing 777-300ER forms the backbone of the Emirates fleet with the aircraft type currently operating to 77 destinations on the airline’s global network.Delivery of Emirates’ first Boeing 777-300ER took place in March 2005 and with a further 52 aircraft on order, the airline is the world’s largest operator of this aircraft type - in fact one in every five 777-300ERs flying today is in Emirates’ livery.It takes

Drifting away from market-oriented economic policies towards state interventions and populist handou

04 Nov 2014

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The Budget 2015 presented to the Parliament a few days ago reflects the government’s effort to please as many as possible, perhaps in view of the upcoming elections.As Dr. Nimal Sanderatne rightly stated in his regular column in the Sunday Times newspaper, “Political compulsions rather than economic imperatives determine an election year budget”.

NDB’s 83rd branch opened in Katunayake

04 Nov 2014

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National Development Bank PLC (NDB) extended its reach within the Western Province with the opening of its 83rd branch in Katunayake, offering a wide range of financial services to residents and businessmen of the rapidly growing economic hub.

Janashakthi Launches Premier Medical Insurance Plan

04 Nov 2014

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Janashakthi Insurance recently launched its new Premier Medical Insurance Plan to coincide with the company’s 20th anniversary celebrations.The new product allows for medical coverage across multiple countries, with limits up to Rs. 32 million per annum.At a time of uncertainty, be it across borders or right here in Sri Lanka, medical emergencies or illnesses can strike you at any time. Understanding this, Janashakthi aims to offer an af

Sampath Bank announces Rs.7bn debenture issue

04 Nov 2014

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Sampath Bank PLC yesterday said it has decided to go for Rs.7 billion debenture issue with the bank hoping to have it quoted on the Main Board of the Colombo Stock Exchange.To this end, the bank plans to issue 60 million debentures with an option to issue up to a further 10 million in the event of an over subscription at a par value of Rs.100.“The funds will be used for general lending purposes,” Sampath Bank PLC Group CFO Ranjith

Seylan Bank September net profit surges 97%

04 Nov 2014

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Seylan Bank PLC saw its net profit for the quarter ended September 30, 2014 (3Q14) surging 97 percent year-on-year (yoy) to Rs.1 billion with net interest income improving 21 percent yoy to Rs.3 billion.The earnings per share improved to Rs.3.04 from Rs.1.55.Despite a 6 percent drop in interest income, the bank was able to cut its interest expenses by a significant 24.4 percent yoy to Rs.2.86 billion.The net fee and commission income for the q

SLT launches 100G ultra speed national backbone network

04 Nov 2014

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Sri Lanka Telecom (SLT), the national ICT solutions provider yesterday announced that it has launched the country’s first ultra-speed national wide DWDM (Dense Wavelength Division Multiplexing) fiber optic backbone transmission Network (NBN) in Sri Lanka.Huawei, the strategic partner of SLT worked together with SLT to implement the NBN with new generation OTN-based 100G DWDM solution. The solution supports 8 Terabits (1 Terabits = 1000 G

Tea Board In Latin American Push

04 Nov 2014

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Sri Lanka’s apex state body for the promotion and regulation of Ceylon Tea, The Sri Lanka Tea Board (SLTB) has embarked on a campaign to promote the product in the vastly untapped Latin American continent that has a population over 600 million, where tea is the third preferred beverage, according to a top Tea Board official.For this purpose, a Latin American delegation containing 31 tea sector officials is in town to study about Ceylon T

Amãna Takaful partners with IFN Roadshow in Sri Lanka

03 Nov 2014

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November 2014, Colombo: 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 partnered with the world renowned REDmoney group to sponsor the Islamic Finance News (IFN) Roadshow. The event was held in Colombo and Ajith Nivard Cabraal, the Governor of the Central Bank of Sri Lanka graced the event as the Chief Guest and Dr.

Qatar Airways Introduces “Global Promotion Week”

03 Nov 2014

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Qatar Airways today launched a global week-long sales promotion, offeringcustomers in Sri Lanka great savings of up to 25% on airfares to destinations across Europe, Africa, Asia Pacific, the Middle East and the Americas.    

United Motors receives Productivity Award

03 Nov 2014

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United Motors Lanka PLC (UML) was recently awarded the top position in the service sector – large scale category by the National Productivity Secretariat, at the recently concluded National Productivity Awards ceremony.The award recognized the company for its outstanding productivity in service quality and efficiency. This is the first time the company has taken part in this programme.

Gree affirms commitment to maintain strong presence in Sri Lanka

03 Nov 2014

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Gree Lanka Private Limited, a fully-owned subsidiary of George Steuart Solutions, has become a formidable contender in the air-conditioning segment. A well-known Chinese brand, Gree is the preferred choice in air-conditioning solutions amongst construction professionals globally. In Sri Lanka, Gree Lanka (Pvt.) Limited caters to the needs of all residential, commercial and industrial properties.

Macbertan clinches Industrial Excellence only Platinum award

03 Nov 2014

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Macbertan (Pvt.) Ltd, the island’s pioneer in the manufacture of expanded polyethylene foam products, clinched the only Platinum accolade out of 500 applicants at Industrial Excellence Awards 2014 for its valuable contribution to the national economy.

Panasonic Launches Smartphone Business With Singhagiri

03 Nov 2014

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The global electronics major, Panasonic launched its mobile phone series in Sri Lanka by extending its innovative product portfolio and services to the users in the country. Panasonic introduced its Android-based smartphone series including its internationally acclaimed ‘Eluga’ series in the Sri Lankan market.The company launched its world renowned smartphone series Eluga, which is known for its design, superior build quality and u

Ten reasons to shop online in Sri Lanka

03 Nov 2014

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Shopping online makes life that bit easier and Kaymu (www.kaymu.lk), one of Sri Lanka’s leading online marketplaces, have come up with 10 reasons why shopping from your computer or mobile device is the best option.

Asus Announces Plans To Launch Flip Book In Sri Lanka

03 Nov 2014

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ASUS Computers, renowned for their affordable and userfriendly notebooks announced plans to launch the ASUS Flip Book – the brand’s most recent innovation to the local market later this year. The Flip Book, which can work as a powerful laptop, a responsive tablet or anything in between was unveiled earlier this year at Computex,Taiwan.

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