Multilac takes 187 dealers to Malaysia

?Multilac gifted 187 of its best dealers with an all-expense-paid tour to Kuala Lumpur, Malaysia recently. This was done with the objective of developing people and recognizing their efforts and hard work towards sustaining Multilac’s position as the market leader in paints.

Dynasty Residence sets standards for American investment

?Acting U.S. Ambassador to Sri Lanka Andrew C. Mann extended his enthusiastic support to Kandy’s first mixed development project Dynasty Residence, led by prominent Sri Lankan-American entrepreneur Mahasen Samaravijaya during a recent visit to the construction site.

Arpico unveils ‘Avurudu Siritha’ for 2015

?As the country prepares for the Sinhala and Tamil New Year, the Arpico retail chain has made arrangements to provide its customers with a different experience this festive season.

Masters Advertising marks 52nd year with resilience and unique calling

?A testimony to perseverance, Masters Advertising has withstood the test of time; rendering unequivocal creative ideas for over half a century.  Having entered advertising in a time of many...

Chevron Lanka chief renews call for lubricants industry regulator

Chevron Lubricants Lanka PLC (CLLP) Managing Director/CEO Kishu Gomes renewed his call for an effective regulator for Sri Lanka’s lubricants industry in his address to shareholders in the company’s latest annual report. 

New appointments to private banks to end cronyism: Harsha

?The new government will be appointing its own directors to commercial banks to end the cronyism practiced by the previous regime, according to the Policy Planning and Economic Affairs Deputy Minister.

Tissa Nanayakkara appointed as Depty. Chairman Lanka Hospitals board

?Tissa Nanayakkara has been appointed as an Independent Non-Executive Director/Deputy Chairman of Lanka Hospitals Corporation PLC with effect from March 2015.

Open Trade Gate of Sweden wants Lankan exporters to tap Swedish market

?Open Trade Gate of Sweden (OTGS), which acts as a facilitator to potential exporters to Sweden, urges Sri Lankan exporters to tap the huge potential existing in the Scandinavian market, including Sweden.

Small and medium-sized industries to get credit line for off-grid renewable energy projects

?Small and medium-sized industries will get state loans to pursue the development of non-conventional renewable energy sources, according to the new plan of the Power and Energy Ministry.

Shares fall for 6th session on margin calls, political woes

REUTERS: Sri Lankan shares fell for a sixth straight session yesterday and closed at their lowest in more than eight months as mostly retail investors sold their stocks to settle margin trading, while political worries also weighed on sentiment.

German ICT developer eyes expansion with regime change

?German information communication technology(ICT) developer eves_IT AG, which has been operating its support centre in Sri Lanka, is looking to expand and diversify its presence in the country with the change of regime.

Singhe Hospitals IPO oversubscribed

?Despite concerns of a possible case of undersubscription, the Initial Public Offer (IPO) of Singhe Hospital Limited, a regional hospital located in Ratnapura, was oversubscribed amid some high-net-worth investor interest.  

Holcim Sanstha wins big at SLIM Nielsen People’s Awards

?For the 04th consecutive year, Holcim Lanka won the “Housing and Construction Brand of the Year” category at the 9th SLIM Nielsen People’s Awards 2015. For SLIM Nielsen Awards, research was...

Vardana’s Best Life offers special rates for overseas pilgrimages

?For every Buddhist, visiting a world famous Buddhist monastery in India or Thailand where the pure Theravada Buddhism still prevailing, is a lifetime opportunity. 

Sinopec ‘Rata Savari’ gives customers chance to travel overseas

?Sinopec has offered their loyal customers a lifetime opportunity to travel overseas. The offer will benefit the users of their world-class products, Sinopec Justar 10W-40 and 20W- 50 lubricants. 

Jewel Laurel continues dazzling legacy at TURRET

?TURRET, the luxury brand store continues to deliver a unique experience to its expanding clientele with their array of top luxury brands of watches, writing instruments and clothing. 

Janashakthi Insurance hosts motor clinic in Jaffna

?Janashakthi Insurance recently held the latest of a series of motor clinics in Jaffna on March 21st and 22nd.  Those who participated in the clinic, held at the Jaffna Ground opposite public library, benefited from free vehicle scanning which would ordinarily cost over Rs. 7000. 

Oasis Marketing signs historic agreement with IFS

?Oasis Marketing (Pvt) Ltd was formed 18 years ago, and is a leading national fertilizer company that is specialized in nature conservation. 

Leo Burnett bags 3 Silver awards for Mosquito Repellent Newspaper

?Leo Burnett Solutions Inc. (LBSI), the local office of the global advertising network Leo Burnett Worldwide, recently won three Silver awards at the prestigious ADFEST 2015 annual advertising festival, which took place in Pattaya, Thailand. 

Solex Technologies launches latest aerial platforms

?Solex Technologies (Pvt.) Ltd introduced its latest aerial platforms to the industry exhibiting its co-competence in unique technology.  The company started its business in 1983 giving birth to a well-known product - Solex water pumps.

Alpha Industries holds annual dealer convention

?Alpha Industries, one of the leading security solution (physical storage) providers and furniture manufacturers in Sri Lanka, held its annual dealer convention recently. 

Elephant House Cream Soda, people’s beverage of choice for nine years in a row

?Achieving an unprecedented feat, Elephant House Cream Soda was recently recognised as the ‘People’s Beverage Brand of the Year’ at the 2015 Sri Lanka Institute of Marketing (SLIM) Nielsen People’s Awards, for the ninth year in a row. 

Activists in court over bond deal

?Three good governance activists have filed a petition in the Supreme Court for an independent inquiry on the alleged bond sale fraud and requested the court to direct relevant authorities to set up proper regulatory framework to avert incidents of this nature in future.

S.D.N. Perera takes reins as NSB GM/CEO

S.D.N. Perera has been appointed the 16th General Manager/CEO of National Savings Bank with effect from March 12, 2015. Perera is scheduled to assume duties today.

Sunil and Ranee to step down from NDB, HNB

?The Chairpersons of two leading private banks in the country have indicated that they will be stepping down from their duties and will not pursue re-election to their posts during the respective banks’ Annual General Meetings scheduled for today.

BOC 4Q net down; FY14 net up 18% to Rs.14.4 bn

The state banking giant with over Rs. 1.3 trillion asset base saw its net profits for the quarter ended December 31, 2014 down 43 percent year-on-year (yoy) to Rs. 3.1 billion,  but the group ended the financial year with a net profit of Rs. 14.4 billion, up 18 percent. 

Land Alienation, Strategic Development Acts under review

The Land Alienation Act which restricts the foreigners owning lands is currently being reviewed by the new rainbow government and the Prime Minister, Ranil Wickremesinghe will soon address this issue, according to a top government official.  

Burger King opens doors at Bandaranaike International Airport

?International fast food giant Burger King has opened its latest restaurant at the Departure Hall of Bandaranaike International Airport (BIA), providing a much-needed boost to the airport’s dining options. 

Time to say ‘Cheese!’ with Pizza Hut!

Pizza Hut just launched an unbelievable treat for pizza lovers who are cheese fanatics. The all-new Cheesy Blaster pizza promises to offer the most discerning cheese aficionados an unbelievable cheese fix unlike any...

HNB Assurance partners SLIM Peoples Awards 2015

?SLIM, Sri Lanka’s national body of marketing, hosted the ninth SLIM-Nielsen Peoples Awards recently at Water’s Edge, Battaramulla. The awards ceremony is an annual flagship event organised by SLIM that is distinguished for being the only award show to reiterate the ....