Explain yourself: Foundations of building global brands

For most of its 29 years, Huawei was a B-to-B company that sold network switching equipment to 

Emirates lands flagship A380 aircraft in Moscow and Guangzhou

Emirates launched two new daily A380 services on October 1 – Dubai to Guangzhou, China and Dubai to Moscow, Russia. 

DFCC Bank celebrates Children’s Day

DFCC Bank is conducting exciting activities across its branch network to celebrate the Children’s Day. The bank will host art competitions at each of its regional offices located in Wellawatte, Nawala, 

Kotmale and Sirasa FM hold ‘Samanala Samuluwa’ to mark Children’s Day

Kotmale together with Sirasa FM, a member of the Capital Maharaja Organization, , organized the 

Passion and a clear focus on strategy will ensure success in marketing field: Nasser

What kind of standard do you expect to see in this year’s applicants? 

SML Frontier invites Jaguar customers for an Open Day at the JLR showroom

SML Frontier Automotive, the sole authorised distributor of Jaguar and Land Rover (JLR) in Sri Lanka invites all Jaguar customer’s to an Open Day, atthe JLR Showroom

PM’s 1,500-day economic plan within two weeks

The much-anticipated five-year economic plan of the coalition government is expected to be announced within the next two weeks by Prime Minister Ranil Wickremesinghe, according to the Governor of the Central Bank. 

Karu envisages regional fortunes for Ceylon Shipping Corporation

State-owned Ceylon Shipping Corporation Ltd (CSC) should be developed into a main regional line, Sri Lanka Parliament Speaker Karu Jayasuriya recently told a maritime forum in Colombo. 

Lower food prices ease September inflation

A man sits on a domestic gas tank while having his breakfast at a food stall on a road near a main market in Colombo. Sri Lanka’s inflation stood at 3.9 percent during the 12 months to September, edging down from 4 percent in August, helped by lower food prices (Reuters photo)

Sarada appointed to HVA Foods board

HVA Foods PLC, a leading tea exporter in the country, has appointed Sarada De Silva as an Independent Non-Executive Director with effect from October 1, 2016. De Silva counts over 40 years of experience in the spice industry, specially in the cinnamon industry, and is Founder Chairman of the Spice Council of Sri Lanka. 

Singapore’s Group Lease to acquire 29.9% of Commercial Credit for Rs.10.6bn

Singapore-based Group Lease Holdings (GLH) is to acquire a 29.99 percent stake in Sri Lanka’s Commercial Credit and Finance PLC (CCF) for a total consideration of Rs.10.6 billion. 

Vidullanka’s associate company power plant connected to national grid

Vidullanka PLC, a mini hydro developer, yesterday said its associate Nilwala Vidulibala Company (Pvt.) Ltd has successfully completed the construction of the two megawatt Ethamala Mini Hydro Power Plant in Pitabeddara, Matara and the plant was grid connected on September 30.

Fitch assigns ComBank’s Rs.7bn debt issue final ‘AA-(lka)’

Fitch Ratings Lanka has assigned Commercial Bank of Ceylon PLC’s (AA(lka)/Stable) proposed Basel II-compliant subordinated debentures of up to Rs.7 billion a final national long-term rating of ‘AA-(lka)’.

Ceylon Electricity Board proposes to hike energy tariffs by 5% to cut losses

The Ceylon Electricity Board (CEB) has submitted a proposal to the energy regulator, the Public Utilities Commission of Sri Lanka (PUCSL), to increase electricity tariffs on all consumer categories by 5 percent for the next six months, due to the rise in global coal prices.

Cyaniq partners IoT-driven automation start-up Kasper; concludes seed funding round

Cyaniq, the content-specialized communication consultancy partnered Kasper Holdings, the IoT-driven automation start-up to conclude a successful seed funding round for the latter. 

PPP projects become key drivers in infrastructure development: WB

Public-Private Partnership (PPP) projects are gaining momentum globally as a means for delivering infrastructure. 

Sri Lanka’s latest online store Clickonx.com launched officially

Enabling customers to view products in a 360-degree view, Clickonx.com, Sri Lanka’s latest online store, a brainchild of Tech Pacific Lanka (Pvt.) Ltd. was launched recently.

SDB Bank honours senior citizens on Int’l Older Persons’ Day

SDB Bank has unveiled a special loan scheme to honour the senior citizens on the UN’s International Day of Older Persons. 

Noritake opens newest showroom in Pepiliyana

Japanese porcelain maker Noritake recently opened its latest showroom with new designs in Pepiliyana. 

All-island BIT batch top from ESOFT awarded full MSc scholarship

This year’s Bachelor of Information Technology (BIT) annual graduation ceremony that was held recently at the BMICH was dominated by ESOFT students who obtained the best overall results yet again. 

Positioning Sri Lanka as Asia’s elderly-friendly nation

The International Day of Older Persons is observed on the first of October to raise greater awareness on the issues affecting the elderly and to appreciate their contributions to the world.

People’s Bank felicitates ‘Foreign Remittance Gold Fortune 2016’ August winners

People’s Bank recently held an awards ceremony to felicitate the winners of the second month of People’s Bank Foreign Remittance Gold Fortune 2016. 

Baraka opens first franchise outlet in Europe

Bio Extracts (Pvt.) Ltd announced the opening of its first international franchise outlet for Baraka, the company’s flagship brand, in Bosnia recently. 

Japanese firm PAG Investment Management assists HelpAge Sri Lanka

PAG Investment Management Ltd in Minato –Ku, Tokyo, Japan recently assisted HelpAge  Sri Lanka (HASL) to provide school books and educational  equipment to 112  flood affected underprivileged school children of Bollatawa  Junior School in Kosgama. This rural school is located in the Homagama Educational Zone.

MAS Holdings and Royal College Union support ‘Trail 2016’

MAS Holdings and Royal College Union (RCU) extended their financial support towards Trail 2016, contributing US $ 100,000 and Rs.50 million respectively.

SL’s transformation in ICT knowledge sharing, education remarkable: SLASSCOM Chief

The global economy is currently going through a rapid digital transformation where the knowledge-based workforce is required to continuously automate and digitize enterprises at an accelerated pace. 

Milo Cycle Parade paints Colombo green with 1000 cycles on Children’s Day

Over 1,000 children and their families celebrated the World Children’s Day with Milo at the grand finalé of the popular ‘Mom, Me and My Milo’ campaign, painting the streets of Colombo green in a mega Milo Cycle Parade. 

Ceylinco Insurance rings opening bell for October

Ceylinco Insurance PLC rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) for the month of October and outlined the company’s commitment to contribute towards the sustainable growth of the economy and country. 

Arpico revamps water pump with advanced Italian technology

Arpico water pump, Sri Lanka’s leading water pump brand, was recently relaunched with a host of specialized features that amplify the brand’s continued commitment to customer service excellence and trust built through the years. 

Acer refreshes line-up with latest 7th Generation Intel processors

The 7th Generation Intel Core is Intel’s newest family of processors for laptops. The 7th Gen Intel Core processor promises to extend the benefits of the 14nm process technology to deliver even more performance. Notably, it includes a new media engine that better supports premium 4K UHD content for viewing, streaming, creating and sharing.