ETA Melco poised to sustain market leadership in vertical transportation solution

?ETA Melco, the global giant in providing end-to-end solutions in vertical transportation requirements held its fourth global business strategy planning summit in Sri Lanka recently. 

HP holds SMB Forum

Hewlett Packard Lanka conducted an event targeting key Small and Medium scale Businesses (SMB) recently at Cinnamon Grand Colombo as another activity by HP to fortify  the Sri Lanka small and medium industries in the country. 

Cairn expresses desire to exit Lankan gas fields

Cairn Lanka (Pvt.) Ltd, a subsidiary of Cairn India, has expressed its desire to withdraw from all hydrocarbon exploration and development work in the Mannar basin and the government is now looking for new partners from the local private sector to fill the void, a top official said.

Proposal to raise T-bill threshold in Parliament today

The proposal to increase the Treasury bill (T-bill) threshold is to be presented to Parliament today, Finance Minister Ravi Karunanayake said yesterday. 

Sri Lanka’s borrowing soars ahead of parliamentary poll

?REUTERS: Sri Lanka’s government borrowing has risen sharply since January, Central Bank data showed yesterday, due to populist policies adopted by the new government as it seeks to consolidate its grip on power at a parliamentary election.

Chinese, Western European tourists boost March arrivals

Tourist arrivals to Sri Lanka in the month of March has shown a significant increase as the number reached 157,051, up 18 percent year-on-year (YoY), with higher arrivals from China and Western European counties. 

Shares snap 3-day rally; volumes thin due to holidays

REUTERS: Sri Lankan shares ended slightly weaker yesterday, snapping a three-day winning streak, in dull trade as many investors and brokers have still not returned from their holidays, dealers said.

Rupee forwards close higher on strong remittances

?REUTERS: Sri Lankan rupee forwards ended firmer yesterday as inflows from strong remittances and exporter dollar sales outpaced thin importer demand for the greenback, dealers said.

Munchee awarded Youth FMCG Brand of the Year at SLIM-Nielsen People’s Awards 2015

?Munchee, the flagship brand of Ceylon Biscuits Limited (CBL), was once again honoured as the Youth FCMG Brand of the Year at SLIM Nielsen People’s Awards 2015 held recently in Colombo.

Multilac best dealers tour Switzerland

?Multilac, the innovator and the largest paint exporter in the country yet again entertained its dealers who recorded the highest numbers of Multilac product sales.

Creative Solutions holds successful Hackathon

?Creative Solutions in collaboration with Cambio Software Engineering recently completed a successful 24-hour Hackathon titled ‘Innovate 2k15’. It was enthusiastically participated by eight teams from both Creative Solutions and Cambio Software Engineering.

Sadaharitha honours sales heroes

?The annual awards ceremony of Sadaharitha Plantations Ltd was held at Eagle’s Lake with its Chairman Sathis Nawaratne as the chief guest. The marketing staff along with the...

Mahela ‘at the crease’ with Standard Chartered

?Standard Chartered Chief Executive Officer Jim McCabe hosted Mahela Jayawardene, legend and Lankan national treasure, to a candid conversation at the bank’s premises last week. In the session entitled ‘Jim at the Crease’ in celebration of Mahela’s career and...

GSK wins 2015 PPA Quiz

?GlaxoSmithKline Pharmaceuticals (GSK) won the 23rd Pharma Promoters Association (PPA) Quiz this year, taking the ‘Champions Trophy’ at this keenly contested event.

Elephant House launches Black Forest Sausage

?Elephant House sausages once again has revolutionized the aspects of taste with the launch of its newest product, the Elephant House Black Forest Sausage. 

A new single network for Wi-Fi spots

Under the programme of providing the free Wi-Fi facility covering all 26 districts in the country, the Foreign Affairs, Telecommunications and IT Ministry will introduce a new single network to access the Wi-Fi service without barriers...

Sampath Bank begins foray into Myanmar

?Sri Lanka’s third largest private sector commercial bank last week said it had already applied for a representative office in the South East Asian democracy, Myanmar, becoming the second such Sri Lankan bank to do so. 

New Chairman assures action

The new board of directors of the national carrier is currently studying the Weliamuna Report which late last week leveled allegations against the previous board for gross mismanagement, and recommended that criminal charges be brought up against the then Chairman and CEO.

Murali to set up US$ 63 mn beverage can manufacturing plant

?Ex-cricketer Muttiah Muralitharan will be setting up the country’s first aluminium beverage can manufacturing facility in the near future, with an investment of US$ 63 million.

March tourist arrivals up 18%

?March tourist arrivals rose 18 percent year-on-year (yoy) to 157, 051 amid higher number of tourists from Western Europe, China and India, Sri Lanka Tourism Promotions Bureau Chairman Rohantha Athukorale said.

Maldives turns record monthly tourist arrivals in February

?Reversing the months long declining trend in the tourist arrivals, Maldives saw 120,468 arrivals in February 2015, its highest ever monthly tourism arrivals recording 8.8 percent year-on-year (yoy) growth led by the strong Chinese arrivals, the Ministry of Tourism data released showed. 

Dialog revolutionizes easy payment plans with ‘Lesi Pay’

?Sri Lanka’s premier connectivity provider, Dialog Axiata PLC, announced the launch of its revolutionary new consumer financing service, Dialog Lesi Pay recently. 

Sharp decline in over-the-counter transactions due to digitization: Banker

?In an interesting revelation, DFCC Vardhana Bank PLC CEO, Lakshman Silva observes the number of over-the-counter transactions is on the decline due to the increasing adoption of digital banking solutions in recent times.

Sri Lanka’s urban middle class inflation down 10.7% in March

?Sri Lanka’s Urban Price Index (UPI), a measurement of the inflation level of an urban middle income class household, as measured by an independent research house for March has come down by as much as 10.7 percent from a...

Singer on top for 10 years as People’s Brand of the Year

?Since the inception of the SLIM-Nielsen People’s Awards in 2006, Singer has taken home the award for People’s Brand of the Year every single year. This year was no different, with the consumer durables giant earning the most prestigious accolade once again. 

Pathfinder Foundation enters into dialogue with Nippon Foundation

?Pathfinder Foundation Founder Milinda Moragoda met with Nippon/Sasakawa Foundation Chairman Yohei Sasakawa at their Tokyo headquarters to discuss collaboration opportunities between the two organisations. The Nippon Foundation is the largest private foundation in Japan. 

USL steals the show at SLIM-Nielsen People’s Awards

?Unilever Sri Lanka stormed into the spotlight at SLIM-Nielsen People’s Awards 2015, with the company’s two biggest and best loved brands, Lifebuoy and Sunlight, collectively bagging four awards. 

Huawei to offer special discounts this Avurudu season

?Huawei, the leading global information and communications technology (ICT) solutions provider and the number two smartphone brand in Sri Lanka, will be offering special discounts this Sinhala and Tamil New Year season. 

Sri Lankans vote Anchor their favourite Hot Beverage Brand

Fonterra’s Anchor brand has been voted by Sri Lankans as Hot Beverage Brand of the Year at SLIM Nielsen People’s Awards 2015.

Coca-Cola wins SLIM Nielsen’s Youth Beverage Brand of the Year again

Coca-Cola Beverages Sri Lanka recently won the Youth Beverage Brand of Year Award for the eighth consecutive year...