George Steuart Teas honoured as ‘Highest Value Added Exporter’

George Steuart Teas, one of the country’s foremost exporters of Ceylon Tea who are widely recognized as the ‘Original Tea People’, were honoured as the ‘Highest Value Added Exporter in the Tea Sector’ in the year 2014 at the recently concluded 20th Presidential Export Awards (PEA) ceremony which was held under the auspices of President Maithripala Sirisena.

PIM Alumni installs new director board

The PIM Alumni (PIMA), the professionals association of the prestigious Postgraduate Institute of Management (PIM) affiliated to the University of Sri Jayewardenepura, recently concluded the official installation of the new PIMA board of directors for the year 2016/2017, during a grand ceremony held at Grand Oriental Hotel recently.

Acnes Creamy Wash and Sealing Gel for acne-free flawless skin

The easiest solution for an acne-free flawless skin, Rohto Pharmaceutical Japan’s exclusive acne-care products, ‘Acnes Creamy Wash’ and ‘Acnes Sealing Gel’ were launched in Sri Lanka by Rohto Mentholatum Lanka (Pvt) Ltd recently.

Vallibel Finance lights up Borella and Mt. Lavinia with new branches

Financial innovator Vallibel Finance added two brand new branches, including a motor division 1st of its kind, to its expanding network, creating a frenzy of interest in the popular townships of Borella and Mt. Lavinia.

Oracle HCM Cloud paving way for HR digital strategy

Yazad Dalal is the Senior Director of HCM Strategy and Transformation at Oracle Corporation where he is responsible for developing thought leadership and identifying trends in all areas of Human Capital Management. He works with HR leaders to deliver technology solutions that enable them to transform their organizations and modernise their workforce tools. 

WEDF to tackle key topics of regional and global trade

The 16thedition of the World Export Development Forum (WEDF) will see global business leaders, policy makers and heads of trade discuss issues ranging from transitioning trade environments, transparency and traceability to business strategies and trade policies across the world. 

Huawei P9 wins European Consumer Smartphone 2016-17 at EISA Awards

Huawei Consumer Business Group (BG) announced that the Huawei P9 has been named ‘European Consumer Smartphone 2016-17’ by the European Image and Sound Association (EISA). Furthering its commitment to pursuing the best quality and design without compromise, this is the fourth consecutive year that Huawei has been recognized in  this category.

Fortifying wireless security key to robust network

Most organizations think they have their security taken care of but ironically, CIOs today are not accounting for how their network is actually accessed. A single user may be logged on through multiple devices: a phone, a tablet, and a laptop.There could also be myriads of devices on the network that IT doesn’t even know about.

NDB Securities wins gold at CFA awards

NDB Securities was recognized with top honours at the CFA Sri Lanka Capital Market Awards 2016, taking home the Gold award for Best Stockbroker Research Team. 

AIA is World’s #1 MDRT Company for second consecutive year

AIA Group Limited announced that it is the only company in the world to have achieved the largest number of Million Dollar Round Table (MDRT) members for two consecutive years. 

Masters Hardware Supermarket introduces hardware retailing to Sri Lanka

Going in search of hardware and tools is known to be both time-consuming and taxing for the regular customer. Masters Hardware Supermarket which recently opened its doors has revolutionized the way we shop for hardware and tools making the process easy and hassle free.

SLIC delivers strong performance for 2015

The country’s largest insurance provider, the state-owned Sri Lanka Insurance Corporation (SLIC), will be looking to consolidate on its core strengths over the coming two years, after delivering a strong performance for 2015, the SLIC Chairman said.

CIMA Business Leaders Summit to highlight investing in talent, digital biz models

At the upcoming CIMA Business Leaders Summit on August 23 and 24, discussions on how organisations can breakdown silos for value creation and how companies can adapt in the face of disruption will take centre place.

Sunanda Weerasinghe receives Bronze Award

The chairperson, Sunanda Weerasinghe of Sujan International Pvt Ltd, the vegetarian company dedicated to vegetarianism received the Bronze Award - Large Category at Women Entrepreneur 2015 from Women’s Chamber of Industry and Commerce recently. 

OVIKLO International expands storage capacity

OVIKLO International recently expanded their warehousing chain by another 120,000 Sqft facility.  With this expansion increased entire OVIKLO’s storage capacity over 500,000 square feet in both covered and open yards. This increase in warehouse capacity will enable OVIKLO to further enhance its ability to add value to customers’ stored products. The additional space provides more storage for all industry verticals as well as incr

Cargills Bank strengthens retail portfolio with revamped savings product

Cargills Bank, the newest entrant in the banking domain, provides value propositions across all consumer segments that it serves. Delivering on its premise to offer utmost convenience to customers, the Bank offers a strong portfolio of products and services for personal and business banking that is supported by sound technology. 

Experts call to standardize Sri Lanka’s labour force skills

It was stressed at a recently concluded forum in Colombo that Sri Lanka should standardize and upgrade the skills of its labour force, as the country at present mostly relies on quantity rather than 

S. Korea considers issuing 50-yr treasury bonds

REUTERS: South Korea is considering issuing 50-year treasury bonds, the finance ministry said yesterday, a move that would be unprecedented as the country’s bond maturities now run up to 30 

Shares edge down on profit-taking

REUTERS: Sri Lankan shares closed slightly lower yesterday after posting a more than 11-week 

China launches world first quantum satellite

AFP: China launched the world’s first quantum satellite yesterday, state media reported, in an effort 

Sri Lanka’s manufacturing falls in June; services up

Sri Lanka’s manufacturing activities, measured by the Manufacturing Purchasing Managers’ Index (PMI)  fell to neutral levels in July after a pickup in June, the data released by the Central Bank 

Rupee steady as importer dollar demand offsets exporter sales

REUTERS: The Sri Lankan rupee ended steady yesterday as dollar sales by exporters were offset by importer demand for the U.S. currency, dealers said.

800 million reasons for South Asia to get its act right

South Asia is set to become the fastest growing region in Asia. Led by a booming India, which is expected to grow by nearly 8 percent in 2017, the region is expected to expand at a blistering rate of 

Serendib Educational Foundation holds Annual Interviews and Awards Day

Serendib Educational Foundation, one of the few scholarship funds that has an endowment fund 

People’s Bank presents new home to award-winning high jumper

People’s Bank YES brand ambassador and award-winning high jumper was presented the deed to a new home by People’s Bank Chairman Hemasiri Fernando, Chief Executive Officer/General Manager 

Egypt eyes tough reforms in last-ditch bid to save economy

AFP - Egypt hopes a $12-billion financing deal with the IMF will usher in an economic turnaround but real progress hinges on a tough reform package avoided for decades to stave off unrest.

CMEC and BPPE win Jaffna-Kilinochchi Water Supply and Sanitation Project

The joint venture between China Machinery Engineering Corporation (CMEC), an internationally renowned construction company, and Business Promoters & Partners Limited (BPPE), a premier 

Ceylon Chamber’s Chamber Cricket Championship 2016 on September 3

The annual six-a-side ‘Chamber Cricket Championship 2016’ organised by the Ceylon Chamber of Commerce (CCC) will be held on September 3, 2016 at the CCC grounds in Colombo.

Sri Ramco Lanka donates Chrysotile roofing sheets to army quarters

Sri Ramco Lanka (Pvt.) Ltd, one of the leading manufacturers of Chrysotile roofing sheets, recently made a donation of Chrysotile roofing sheets to the army camp in Periyakadu in Vavuniya.

Economist urges pvt. sector to give more emphasis on product design innovation

Ceylon Chamber of Commerce Chief Economist Anushka Wijesinha urged Sri Lanka’s private sector