NCC organises seminar on insurance companies’ role, policyholder rights

The National Chamber of Commerce (NCC) in association with the Insurance Board of Sri Lanka will hold a seminar on ‘Rights of Insurance Policyholders and Role of Insurance Companies’ on Thursday, March 31, 2016 from 2:00 p.m. to 5:00 p.m., at the chamber auditorium, No: 450, D.R. Wijewardene Mawatha, Colombo 10.

A 3-week-long festival of online shopping for Sri Lanka

Google is working closely with many organizations in Sri Lanka to run an online shopping festival hosted at www.megapola.lk running from Monday, 21 March to Sunday, 10 April 2016.

Leo Burnett only Lankan agency to secure coveted spot on Warc 100 list

Leo Burnett Solutions Inc. (LBSI), the local office of the global advertising network Leo Burnett Worldwide, recently secured its place on the Warc 100 long-term ranking list. The rankings are based on the winners of effectiveness and strategy awards from around the world and this year Leo Burnett Sri Lanka’s ‘Mosquito-Repellent Newspaper’ campaign secured a coveted spot on the list, alongside the world’s top performing cr

CSE wins Global HR Excellence Award for innovation in training and development

The Colombo Stock Exchange (CSE) won the award for ‘The Most Innovative Use of Training and Development’ at the recently concluded World HRD Congress in Mumbai, India. 

Microsoft Sri Lanka launches TwT initiative

Microsoft Sri Lanka recently launched its Teaching with Technology (TwT) initiative in Sri Lanka.  The initiative targets both educators and students and helps both parties identify how information technology can enhance the teaching and learning experience and enable students to acquire 21st century skills. 

National Chamber to conduct seminar on ‘EPF & ETF’

The National Chamber of Commerce of Sri Lanka will hold a half-day seminar on ‘EPF & ETF’ (Sinhala medium) on Tuesday, March 29, 2016 from 9:30 a.m. to 12:30 p.m. at the National Chamber auditorium, No: 450, D.R. Wijewardene Mawatha, Colombo 10.

Inspirational soft skill development towards an empowered workforce

When it comes to career development, many people focus primarily on acquiring technical proficiency or hard skills. Increasingly however, and especially for those who aspire to move into management, it takes demonstrable soft skills to stand out in a crowd. 

PIMA Olympics-National Management Awards 2016 today

Being the undisputed leader in the field of business management education, the Postgraduate Institution of Management has played a vital role in the growth of the management industry for more than 30 years. The great service rendered by this prestigious institution is magnanimously complimented through its alumni, which is one the most esteemed group of professionals in the country. 

Orient Finance records impressive performance for 9 months ended Dec 2015

Orient Finance recorded a commendable profit before tax of Rs. 113 million for the three months ended 31st December, 2015 when compared with the profit before tax of Rs. 6.4 million in the corresponding period of last year.

Brantel Lanka introduces computer with laptop and tab features

Brantel Lanka (Pvt) Ltd, the premier mobile company which introduced  E-tel mobiles to Sri Lanka has now introduced a computer that can feature as a tablet and laptop computer to the Sri Lankan market.

A T Cooray takes lead in creating modern office spaces

Traditional corporate offices were more often than not made up of cluttered cubicles, fluorescent lighting, bare walls and hardly any life. 

Amana Takaful launches first ever Shari’ah compliant retirement plan

Amana Takaful Life (ATL Life) recently launched another innovative life insurance product by introducing the first ever Shari’ah compliant retirement plan – “DeergaYou” . 

Pelwatte Dairy offers unsalted butter packs for hotels, catering industry

Pelwatte Dairy Industries Ltd, a leading manufacturer of locally produced dairy products is introducing a range of specially packed bulk unsalted butter specifically for the hotel and catering industries. Targeting the upcoming festive season, the bulk packs will come in three sizes and will be available directly on-order from Pelwatte Dairy.

Netherlands Ambassador to meet Lankan business community at luncheon meeting

The newly appointed Netherlands Ambassador to Sri Lanka and the Maldives Joanne Doornewaard will meet the Sri Lankan business community at a luncheon meeting to be held tomorrow at the Colombo Club.

MOL Lanka receives Customer Service Award from Shipbrokers

MOL Liner Ltd. today announced that its shipping agent, Mitsui O.S.K. Lines Lanka (Private) Ltd. (“MOL Lanka”) has been honored with the “Best Customer Service Award” by the Institute of Chartered Shipbrokers (UK) Sri Lanka Branch (“ICS”) at its 22nd Annual Awards Ceremony. 

Ensuring better water, sustainable agriculture and better lives for SL

March 22 marks the World Water Day 2016 under the theme ‘Water and jobs’. The theme focuses on how enough quantity and quality of water can change workers’ lives and livelihoods - and even transform societies and economies. In this article to mark the day, IPS Researchers Chatura Rodrigo and Athula Senaratne explore the challenges faced by agricultural livelihoods, which employ a majority of Sri Lanka’s rural sector and id

Capital Alliance awarded ‘Best Fixed Income Trading House for 2016’

Capital Alliance, Sri Lanka’s leading full service investment bank was recently crowned as the ‘Best Fixed Income Trading House For 2016’ at The International Finance Magazine (IFM) Awards. 

Performance-based budgeting key for public entities: Eran

Calling for improved performance in public entities, State Enterprise Development Deputy Minister Eran Wickramaratne recently stressed the need for all planning activities of public enterprises to be tied to results.

ComBank to begin exchange house operations in Italy this year

Hot on the heels of obtaining the regulatory approval to start commercial banking operations in the Maldives in 2015, Sri Lanka’s Commercial Bank PLC has now received the licence from the European Union to start a fully-fledged exchange house in Rome, Italy.  

Canada expresses interest to set up LNG power plant

The Canadian government has proposed to initiate an electricity generation project in Sri Lanka using liquefied natural gas (LNG), a Finance Ministry statement said. 

Rupee forwards end weaker; seen falling on economic woes

REUTERS: Sri Lankan rupee forwards ended weaker yesterday due to importer dollar demand, while dealers expect growing uncertainty after the announcement of new tax hikes to weigh on the currency in the short term.

Hero Motocorp awarded ‘Manufacturing Innovator of the Year’ by TIME

Leading Indian motorcycle manufacturer Hero MotoCorp has received the coveted ‘Manufacturing Innovator of the Year’ award at the inaugural TIME India Awards, instituted by the New York – headquartered TIME magazine, one of the world’s oldest and most prestigious news magazines. Abans Auto is the sole agent for Hero motorcycles in Sri Lanka.  

Service charge: A boon or bane for local hospitality industry?

Levying a service charge on hotel and restaurant customers could be contributing to the downfall of the Sri Lankan hospitality industry, which is already suffering due to the businesses unwilling to invest in their employees with proper recognition, training and pay.

Countrywide consumer prices up 1.7% in February

Sri Lanka’s national inflation measured by the National Consumer Price Index (NCPI) rose to 1.7 percent on a year-on-year (YoY) basis, accelerating from 0.7 percent in January, as the effect of administered price cuts on essential goods was seen waning.   

Shares end at near 3-wk high; foreign investors continue exit

REUTERS: Sri Lankan shares closed at a near three-week high yesterday in dull trade as cautious investors selectively bought risk assets, while foreign investors exited amid a rise in yields of government securities.

Planters say harvesting efficiency of available workforce crucial for industry survival

With a view to ensure the sustainability of a rapidly failing industry, the Regional Plantation Companies (RPCs) say it is imperative that harvesting yields are increased and are introducing suitable ‘tea harvesters’ on certain estates. To support plantation workers too in improving productivity, RPCs are mulling greater use of manual shears, recent experiments of which have shown early encouraging signs.

Lanka IOC organizes free health screening camp for Akurana residents

Lanka IOC PLC, acknowledging its responsibility towards the society conducted several Corporate Social Responsibility (CSR) initiatives under its theme ‘WE CARE’ with several noble programs. In addition to a series of welfare programs including assistance for elders’ homes, renovation of healthcare centre, donation of ambulances, wheelchairs and English education for under privileged children, Lanka IOC also organized free healt

Qatar Airways showcases ultra-modern A350 at India Aviation 2016

Qatar Airways marked its return to the India Aviation International Exhibition and Conference with the display of its A350 new-generation aircraft for medium- to long-haul operations. Making its first public appearance in India, the ultra-modern aircraft grabbed attention from visitors and VIPs with its custom-designed interiors and innovative design.

Trade in a time of protectionism

Project Syndicate, COLOMBO: As China’s economy slows and growth in the developed world remains anemic, governments across Asia are working to keep their economies on an upward trajectory. In Sri Lanka, where I am Prime Minister, the challenge is to find a way to accelerate our already steady economic growth.

S-lon wins JASTECA Merit Award for CSR

S-lon Lanka (Pvt) Ltd., the premier water management solutions provider and the market leader in thermoplastic pipes in Sri Lanka, was honoured with a Merit Award for CSR at the annual JASTECA Awards 2015 held at Hotel Galadarirecently, organized by the Japan Sri Lanka Technical and Cultural Association.