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Union Bank Receives Cfi Best Sme Bank In Sri Lanka Award

30 Oct 2014

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Union Bank of Colombo PLC (UBC) was adjudged the ‘Best SME Bank in Sri Lanka 2014’ by Capital Finance International (CFI). UBC won the prestigious award in recognition of its leadership position in delivering development and growth of small and medium enterprises (SME) in Sri Lanka.

Higher raw material prices continue to trouble Haycarb

30 Oct 2014

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Higher raw material prices have continued to trouble Haycarb PLC, the coconut shellbased activated carbon maker of the Hayleys group, as the company reported a net profit of Rs.161 million for the quarter ended September 30, 2014 (2Q15), down from Rs.261 million reported for the same period of the previous year.The basic earnings per share for the quarter also deteriorated to Rs.4.39 from Rs.7.67.The revenue for the quarter under review stood

Economists Highlight Data's Inconsistencies.....

30 Oct 2014

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The recently concluded Sri Lanka Economic Association (SLEA) annual sessions saw many users of the published national data highlighting inconsistencies and questioning the methodological soundness of the official data.“I see inconsistencies, a lot of inconsistencies, as a user of national income data. The growth rate is rising so fast, in fact, faster than the levels before. The per capita income has been rising.But, at the same time, I

Budget 2015 will usher new era of economic development: CB Governor

30 Oct 2014

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The 2015 budget is ushering a new era for the country’s development, according to Central Bank (CB) Governor Ajith Nivard Cabraal, who was speaking at the KPMG Budget Highlights event, recently.“Now you see a new beginning, where the focus is no longer what was there in the past, but a new focus has been created in our country,” he said.He said that plans for recent budgets were all followed and achieved systematically

zMessenger to host Sri Lanka’s first Mobile Marketing Roundtable

29 Oct 2014

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zMessenger, Sri Lanka’s largest mobile marketing solutions provider will bring together top brand leaders from FMCG, hospitality, banking and financial services to the Island’s first roundtable on mobile marketing scheduled for Thursday, 30th October, 2014

Renowned teacher Jayasundara Arachchige Gunasiri launches Maths website

28 Oct 2014

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Renowned mathematics teacher Jayasundara Arachchige Gunasiri today launched www.mathssir.lk, a mathematics website which supports the education of students across the country. This website is the first of its kind in Sri Lanka and provides free online videos in English, Sinhala and Tamil to help students who have missed lessons and are struggling to complete their syllabi. The website is designed to assist students from grade 9 to 11, especial

Hybrid Homes to construct multi –storey Hybrid building for SLAAS

28 Oct 2014

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Hybrid Homes, Sri Lanka’s pioneer and market leader in Hybrid Construction Technology (HCT) signed an agreement with Sri Lanka Association for the Advancement of Science (SLAAS) recently to build a multi-storey building in Vidya Mawatha, Colombo 7.

JAT Holdings lays foundation for high-tech Training and Simulation Centre

28 Oct 2014

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In an attempt to further reduce maternal deaths in Sri Lanka, the foundation laying ceremony for the estimated Rs. 30 million state-of-theart JAT Training and Simulation Centre was held on October 27th.The JAT training and Simulation Centre will be set up under t he auspices of the Sri Lanka College of Obstetricians & Gynaecologists (SLCOG.) at Model Farm Rd, Colombo 8.

Panasonic CFL Bulbs receive SLS certification

28 Oct 2014

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Panasonic, a global leader and i nnovator i n consumer electronics along with Softlogic Retail (Pvt) Ltd the authorized distributor for Panasonic i n Sri Lanka, have added a new dimension in quality assurance by acquiring the coveted SLS certification for their Compact Fluorescent Light Bulb (CFL) making it the only international light bulb in the market to receive the prestigious certification.

Lanka Hospitals awarded JCI accreditation

28 Oct 2014

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Lanka Hospitals announced that it has received the highly prestigious JCI accreditation and its gold seal of approval after a rigorous onsite evaluation by an international surveyor team of most experienced and skilled healthcare experts, elevating the hospital to an exclusive group of healthcare organisations worldwide that has met every stringent clinical quality standard set by Joint Commission International (JCI), the recognized leader in

Emirates Wins In-flight Dining Award From Saveur Magazine

28 Oct 2014

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Emirates, a global connector of people, places and economies, announced that it has won Saveur Magazine’s Culinary Travel Award for Best In-Flight Dining: First Class & Business Class for the second consecutive year.

LankaClear marks ‘Intl Customer Service Week’

28 Oct 2014

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National payment infrastructure provider, LankaClear, celebrated International Customer Service Week from 4th to 11th October, appreciating its frontline staff for the service rendered.

Qatar Holdings plans Lankan entry

28 Oct 2014

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The second largest sovereign investment giant in the Gulf region has announced that it is scouting Sri Lanka for implementation-ready projects and more importantly, the world’s richest country is vying for Sri Lanka’s surging stock market. The second largest sovereign investment giant in the Gulf region has announced that it is scouting Sri Lanka for implementation-ready projects and more importantly, the world’s

Ceylon Chamber Proposes Stimulus To Prop Up Demand

28 Oct 2014

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While commending the government for presenting a budget focusing further fiscal consolidation—specially for proposing to cut the fiscal deficit to 4.6 percent of the gross domestic product (GDP)— Sri Lanka’s premier trade chamber, the Ceylon Chamber of Commerce (CCC) proposed a “degree of fiscal stimulus” to prop up slowing demand seen in the market recently.“Whilst there is a proposed 15 percent increase in

Three times weekly flights from Djibouti to offer Connections via Doha to the rest of the World Awar

28 Oct 2014

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DJIBOUTI – Qatar Airways has continued its expansion in Africa with the launch of services to its latest destination, Djibouti, which began this week. The five-star airline commenced the three-times-weekly flights from Doha’s Hamad International Airport to Djibouti–Ambouli International Airport, marking the airline’s 145th global destination.

Jaffna IT Week 2014

27 Oct 2014

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The ‘Jaffna IT Week’, scheduled to be held from 3 to 6 December 2014, is an industryinitiative for inclusive growth and reconciliation, driven by SLASSCOM, and supported by the Export Development Board (EDB), Information and Communication Technology Agency of Sri Lanka (ICTA), Ministry of Education (MOE), University of Jaffna and the Yarl IT Hub.

Overseas Realty Profits Rs 2.4 Billion, up 28% for 9 months 2014.

27 Oct 2014

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Overseas Realty (Ceylon) PLC Group profit after tax, including fair value gains, increased by 28% to Rs 2.4Bn over the previous period. The group maintained a worthy growth momentum to achieve a revenue of Rs 4.7Bn, increased by 41 % through Property Leasing, Trading and Service Segments.

What followers want from leaders: looking through other side of the telescope

27 Oct 2014

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In the past weeks, we have reviewed t he behavioural traits of leaders that would motivate followers. We spoke of four attributes - engage, enrol, energise and empower. But there is one more E! This E is empathy. In order to appreciate the role empathy plays in leadership, you first need to have a clear understanding of what empathy means. Empathy is the experience of understanding the other persons’ thinking from their perspectiv

Holcim (Lanka) excels at SLIM Brand Excellence 2014

27 Oct 2014

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Outperforming several high profile brands hailing from several different sectors and further cementing its place as one of the leading brands in Sri Lanka, Holcim (Lanka) secured the Silver Award as the Turnaround Brand of Year at the recently held SLIM Brand Excellence Awards 2014 at BMICH.The premier award program of marketing, SLIM Brand Excellence is the flagship event in the country’s corporate calendar, conducted by t he Sri

Huawei wins Bronze at SLIM Brand Excellence

27 Oct 2014

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Huawei won the bronze award in the International Brand of the Year category, at the recently concluded SLIM Brand Excellence gala awards ceremony held at BMICH Colombo. Themed “Contender or Champ?” the awards ceremony recognised best brands in Sri Lanka and rewarded brand custodians with distinct appreciation to those organisations which deploy their resources for these brands.

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