Senkadagala Finance gets CSE nod to list up to Rs.3bn debentures

Senkadagala Finance PLC is gearing to raise Rs.3 billion through a listed debenture issue. The finance company has received the preliminary approval to list the debt instruments on the Colombo Stock Exchange (CSE). 

Print Point launches web2print portal

An exciting new online design and print ordering resource has been unveiled in Sri Lanka by Print Point (Pvt.) Ltd, a leading on-demand, quick-print digital printing specialist. 

Duo Software awarded Gold, Merit at NBQSA 2016

One of Sri Lanka’s leading providers of enterprise solutions for the Asia Pacific region, Duo Software (Pvt.) Ltd, has been awarded the Gold award under the Communications Applications category at National Best Quality Software Awards 2016 (NBQSA) held recently, whilst receiving two Merit awards under the categories of Research and Development and Tools and Infrastructure Applications. 

Colombo to open Intex South Asia int’l sourcing fair on Nov. 16

Intex South Asia 2016, the only international sourcing fair in South Asia that showcases the best in yarns, fabrics (apparel and denim) and clothing accessories, will welcome more than 150 exhibitors from Italy, Japan, South Africa, Korea, China, Singapore, Malaysia, Indonesia, Taiwan, Pakistan, Bangladesh and India to the Sri Lanka Exhibition & Convention Centre (SLECC), Colombo from November 16 to 18, 2016.

Galle Face Hotel supports Trail 2016

Deni A. Dukic, General Manager of Galle Face Hotel Colombo handing over a donation cheque to the Trail team. From left: Rajendra Theagarajah Director/ Chief Executive Officer at National Development Bank PLC (NDB), Deni A. Dukic, Sarinda Unamboowe Co – Founder Trail, Nathan Sivagananathan Co – Founder Trail, and Mahela Jayawardena Brand Ambassador for Trail 2016

RV Fashions wins Flame award in readymade garment category

RV Fashion was recognized at the FLAME 2016 Western Province Entrepreneur Awards recently for their contribution to the readymade  garment industry.

South Asia Textiles embarks on another mega expansion

As one of Sri Lanka’s leading textile manufacturer, having completed the initial Rs. 1 billion expansion programme, South Asia Textiles has decided to embark on another very ambitious expansion programme to infuse the very latest state-of-art textile technology and machinery into its existing factory. This investment is likely to exceed US$ 3 million at the initial stage.

Insurance industry GWP grows 17% in first half

The Sri Lankan insurance industry performed well during the first half of the year 2016 with a commendable growth of 17.01 percent, in terms of gross written premium (GWP), when compared to the same period in the year 2015. This growth is relatively higher than the growth experienced in the first half of 2015, i.e., 11.73 percent and attributable to increased premium incomes in both long-term and general insurance business sectors.

CAMMS wins 2016 national ICT awards

CAMMS has won two awards at National Best Quality ICT Awards (NBQSA) 2016 in Sri Lanka for its software solutions for the healthcare sector.

Ceyoka Flavours and Frey + Lau bring inspiring taste sensations to local tea exporters

While consumer preferences for food and beverages are continually changing, the need for enhanced tastes and sensorial experiences persist.

Making most of remittances: vision and strategies

Remittances are the bedrock of Nepal’s economy. They’ve quadrupled since 2010 thanks to 2 million Nepalis who work abroad, generating nearly one-third of the gross domestic product.

Microsoft hosts supplier communication, compliance awareness session

Microsoft recently hosted a supplier communication and compliance awareness session to educate and update suppliers the company frequently engages with, on the company code of conduct expectations. 

French travel agents’ association commits to boost tourism into SL

Les Entreprises du Voyage (LEV), the French travel agents’ and tour operators’ association, yesterday committed to helping boost tourism into Sri Lanka while kicking off LEV’s annual congress, which the island nation is hosting this year.

Ceylon Oxygen excels at National Occupational Safety Awards

Ceylon Oxygen Limited (COL), a subsidiary of leading gases and engineering company, The Linde Group, was adjudged the sectoral award winner for ‘Transport Sector Safety’ at the recent National Occupational Safety & Health Excellence Awards – 2016 held at the Nelum Pokuna Theatre. 

SLIC ‘Call to Donate’ campaign back in aid of National Cancer Institute

For every missed call given to 1357, Sri Lanka Insurance (SLIC)  will donate Rs. 10 towards Paediatric Ward of National Cancer Institute, Maharagama.

Sri Lanka seeks to boost capital markets

Government commitments to step up privatisation, repair its balance sheet and encourage more listings should help broaden the base of Sri Lanka’s capital markets and draw stronger flows of Foreign Direct Investment (FDI) into the economy. 

Omak Technologies gears up for aggressive ASEAN push

A regional leader in restaurant management solutions, Omak Technologies, is gearing up for an aggressive push into ASEAN markets, having secured Rs. 85 million in investments. 

Lanka IOC donates towards Trail Walk crowd funding initiative

Lanka IOC PLC has embarked on the organization’s next Corporate Social Responsibility (CSR) stance by giving a generous donation towards the Trail Walk initiative which took place in October this year. 

HNB Assurance and HNB General Insurance grab five NASCO awards

Champs of HNB Assurance PLC (HNBA) and its fully owned subsidiary HNB General Insurance Limited (HNBGI) were awarded with fiveesteemed awards at the 16th National Sales Congress (NASCO) organized by SLIM which was held recently. 

John Keells provides reverse osmosis plants to address risks of CKD in Trincomalee

John Keells Foundation recently commissioned two reverse osmosis filtration systems in the Trincomalee district under a pilot collaboration with the National Water Supply and Drainage Board (NWSDB). 

Atlas emerges sector winner at Occupational Safety and Health Excellence Awards

Ceylon Pencil Company (Pvt) Limited, better known as Altas won the award for the Best Occupational Safety and Health provider in the ‘Large Scale Manufacturing Sector’ category at the National Occupational Safety and Health Excellence Awards 2016, organized by the National Institute of Occupational Health and Safety  in collaboration with the Ministry of Labour and Trade Union  Relations recently.

People’s Leasing & Finance strikes 2 Silver at SLIM NASCO

People’s Leasing & Finance PLC, the foremost finance company in Sri Lanka’s non-bank finance sector bagged two Silver awards under financial products and services category at the 16th SLIM-NASCO awards ceremony held at the Eagle Lakeside Hotel, Atthidiya recently.

ComBank launches Max Loyalty Rewards scheme

Commercial Bank of Ceylon has unveiled Combank Max Loyalty Rewards, offering loyalty benefits for both debit and credit card holders for the first time in Sri Lanka, enabling the cardholders of the bank to accumulate points whenever they use their cards to pay for purchases.

Amãna Bank receives ‘Global Finance’ award for innovation

The world-renowned Global Finance magazine recently recognized and listed Amãna Bank in the magazine’s ‘Innovator 2016’ index for its novel Gold Certificate Financing product, which was introduced as an alternative for conventional pawning.

Cargills Food City and Unilever kick-start seasonal shopping promo

Cargills Food City together with Unilever Sri Lanka raised the curtains for yet another season of shopping filled with joy and excitement with the announcement of ‘Shopping Star – Season 4’, a one-of-a-kind shopping promotion. 

Oracle Bare Metal Cloud Services now available

I’m very excited to announce the general availability of the Oracle Bare Metal Cloud Services. At Oracle Open World, we announced our investments in an industry-first, modern infrastructure-as-a-service platform. The Bare Metal Cloud Services is our first offering built on that modern platform and there has been tremendous interest and engagement from customers worldwide.

ATL conducts road safety workshop for Eravur student traffic controllers

Amãna Takaful PLC (ATL) organized a training programme on road safety in partnership with the Eravur Traffic Police recently at the Vantharumul Madhya Maha Vidyalaya in Sittandy. 

No room should be left to distort Sri Lanka’s freight market

The impact of shipping surcharges including terminal handling charges have been battering the import and export industry from 1991 to 2004. 

Orange IT partners Infotel 2016 as Gold sponsor

Orange Information Technology, the biggest company in the knowledge process outsourcing (KPO) business process outsourcing (BPO) and IT services industry in Sri Lanka, has come forward to partner with Infotel 2016 as the Gold sponsor. 

Ceylon Chamber to conduct seminar on annual report preparation

The Ceylon Chamber of Commerce (CCC) will conduct its third consecutive annual seminar held to create awareness among the corporates on how to prepare good annual reports. Titled ‘Best practices to be adopted in preparation of annual reports’, the seminar will be addressed by CA Sri Lanka Annual Reports Awards Committee Chairman and B. R. De Silva & Company Partner Sanjaya Bandara.