EQT to launch mandatory bid for Swedish software firm IFS

?REUTERS: Private equity firm EQT has bought 63 percent of the shares in Swedish enterprise software maker IFS, and will make a mandatory bid for the remaining shares in the coming weeks, it said yesterday.

‘Know well your Heart and Bypass Heart Surgery’

The National Chamber of Commerce of Sri Lanka is to join hands with the Heart to Heart Trust Fund, inaugurated to do free heart surgery for the poor and underprivileged.

Indo–German Chamber delegation here to boost commercial ties

Mumbai based Indo – German Chamber of Commerce says Sri Lanka’s capital Colombo and Germany’s Hamburg City, should work closely and enhance commercial ties, as both cities are ‘Port Cities.’

PM to deliver 12th Sujata Jayawardena Oration

Prime Minister Ranil Wickremesinghe is scheduled to deliver the 12th Annual Sujata Jayawardena Memorial Oration on 11th December at the BMICH.

Looking after this generation in Asia, and the next

The issue of the sustainability of econmic growth is a hot issue in the debate about economic policy. 

COP21: Coping with Climate Change

 “Our civilization is fuelled 85% by fossil fuels, releasing 110 million tons of pollution into the thin atmospheric layer every 24 hours. As carbon dioxide levels increase temperatures, ...

Sri Lanka’s clothing industry looks to improve competitiveness

With an eye on the target of reaching US$8.5 billion worth of clothing exports per annum by 2020, Sri Lanka’s apparel manufacturers are backing a national bid to regain preferential trade concessions from the EU.

Emirates wins accolades from Middle East travellers at industry awards

November is a month of accolades as Emirates clinched ‘Airline of the Year’ at the Arabian Business Achievement Awards, ‘Favourite Airline Premier Cabin Middle East’ at the Conde Nast Traveller Middle East Readers’ Choice Awards,...

A restaurant with a dance-floor to herald in the New Year at Waters Edge

Heralding in the New Year is something that everyone looks forward to and 31st night is a much awaited date on everyone’s social calendar. This year too as the season sets in most people are looking for a different experience to celebrate the dawn of 2016. This is where Waters Edge specializes. 

Cantaloupe Levels wins ‘Best Luxury New Hotel’

Cantaloupe Levels was recognized by the World Luxury Hotel Awards with the prestigious title of ‘Best Luxury New Hotel’ in the Indian subcontinent, at the awards ceremony held at the Harbour Grand Hotel in Hong Kong recently. 

Associates’ Appreciation Week held to mark Cinnamon Grand’s 10th year anniversary

Cinnamon Grand Colombo  celebrated a decade of hospitality excellence on November 26th; with a Grand tribute to the hotel’s associates’ by declaring a  ‘Associates’ Appreciation Week’ to  acknowledge the contribution made by the hotels staff  over the last 10 years. 

IATA air passenger forecast shows dip in long-term demand

The International Air Transport Association (IATA) released its updated passenger growth forecast, projecting that passenger numbers are expected to reach seven billion by 2034 with a 3.8 percent average annual growth in demand (2014 baseline year).

idac opens Kirulapone, Kalubowila Daikin Air Conditioning Solutions Plazas

Two Daikin Air Conditioning Solutions Plazas by idac were opened recently by Daikin Group Japan Deputy Regional Manager Junichi Ohmori, Deputy Managing Director Hitoshi Tanaka,...

Admo Solar delivers 100% power- saving benefits to Kurunegala PCO

Admo Solar, the renewable energy solution provider in Sri Lanka, which is part of Vinseth Engineering (Pvt.) Ltd, successfully carried out a solar energy project for the Kurunegala Provincial Council office complex (PCO) recently. 

Durra Building System wins National Green Award in ‘Waste Recycling’

Durra Building System (Pvt.) Limited, a subsidiary of International Construction Consortium (ICC), won the Bronze award in ‘Waste Recycling’ at the recently concluded National Green Awards Ceremony 2015 organised by the Central Environment Authority of Sri Lanka.  

Singer introduces new range of Sharp products

Singer Sri Lanka, the exclusive agent for Japan’s Sharp electronics and appliances in the country, continues to make significant strides in the local consumer durable industry to enhance consumer lifestyles.

CIMA LMD 100 Awards Ceremony today

CIMA Sri Lanka along with the pioneering business magazine LMD will be recognising companies that were named in the LMD 100’s Hall of Fame, at a sit-down gala dinner.

National prosperity through ethnic harmony

The Aluthgama Development Foundation felicitates the work of its volunteers Members of the ADF (Aluthgama Development Foundation) recently came together to acknowledge the work of the organization’s many volunteers

Zone24x7 wins Gold for Sri Lanka at APICTA 2015 in R&D

Zone24x7 emerged as the overall winner in the Research & Development (R&D) category at the recently concluded Asia Pacific ICT Alliance (APICTA) 2015 awards held in Colombo from 18-22 November. 

(Video)Tiesh celebrates the mystique of Black Silver with ‘Black Temptations’

?With the forthcoming festive season literally around the corner, Tiesh, one of Sri Lanka’s leading contemporary jewellers proudly presents ‘Black Temptations’, a collection of exquisite black silver jewellery lavishly studded with precious and semi-precious Sri Lankan gem stones.

‘Naturplus’ biodegradable lunch sheets in Sri Lanka

Plastic Pakaging Pte Ltd which manufactures and exports very thin film polythene bags and sheets from 3 microns upwards to the UK and Maldives for the last 28 years recently manufactured...

Singer adds new products to Prestige Kitchenware portfolio

Singer Sri Lanka PLC further extended its ‘Prestige’ Kitchenware brand portfolio in Sri Lanka by introducing a gas cooker with glass top, mixture grinder, wet grinder, stainless pressure cooker and non-stick cookware range.

Tax regime changes causing problems to formal and informal accommodation providers

The informal sector accommodation providers in the country could face problems in transitioning to the formal sector, while formal sector small and medium scale enterprises (SMEs) will have trouble expanding due to the changes to the tax regime in the Budget 2016.

High net worth individuals to benefit more from new personal tax reforms of Budget 2016

?High net worth individuals have been provided a host of benefits in the Budget 2016, possibly in an interpretation of the social market economic theory of providing a strong safety net for citizens.

HSBC Advance customers catch the action at Abu Dhabi F1 - Grand Prix

?Three lucky HSBC Advance customers got the chance to soak in the sporting action at the biggest sporting event in the middle east and final race of the 2015 season– the ABU DHABI F1 - GRAND PRIX at the awe inspiring Yas Marina Circuit in Abu Dhabi. 

Mobitel mulls strategic acquisition

?Mobitel (Private) Ltd, the mobile arm of state-controlled Sri Lanka Telecom PLC said it was considering a “strategic acquisition” of a “local operator” to enhance its market position and asset base.

Fifth ‘Ease of Doing Business’ forum tomorrow

?The Finance Ministry will be holding the fifth forum of the ‘Ease of Doing Business’ on December 01, at 2 p.m. at the 4th floor auditorium of Miloda, Academy of Financial Studies, (Old Times Building), Sir Razik Fareed Mawatha, Colombo 01.

next Sourcing recognizes top-performing suppliers

Next Sourcing, a fully-owned subsidiary of the retail clothing and accessory giant next Plc - UK, recognized and rewarded its supplier base at the Suppliers’ Seminar held at the Park Street Mews Colombo recently. 

Attracting millennials is easy - keeping them is harder

Many businesses are offering sleek smartphones, tablets, and laptops in their eager to attract young talent. Even though this is a positive trend and a smart strategy, many companies forget the software that will ultimately run on these devices. 

Zaizi recognized amongst top enterprise content management providers

CIO Review announce their top 20 Enterprise Content Management Suppliers for 2015 In November, CIO Review released their Enterprise Content Management Special.