Leapset Engineering rebrands as CAKE LABS

After having changed its name in the US from Leapset to CAKE, the Silicon Valley firm’s engineering arm, Leapset Engineering, has been renamed and branded as CAKE LABS. CAKE LABS is one of the fastest growing technology...

Capital Trust Residencies launches luxury apartments

Entering into the financial services industry as a stock broking firm in 1991, today, Capital Trust Group of Companies has expanded into many areas of businesses including margin trading, 

PM proposes to set up Political Council for consensus hours after fistfight in parliament

?An innovative Political Council should be established to promote policy consensus and Parliamentary harmony, Prime Minister Ranil Wickremesinghe said, delivering the Annual Sujata Jayawardena Memorial Oration 2015 last Friday.

Astoria construction on target to complete by 2017

Sri Lanka’s newest super-luxury condominium project, the Astoria, is well on target to reach completion by 2017 with construction already having crossed the third floor according to developers, AVIC International. 

Cambio celebrates 10 years in Sri Lanka

?On  November 24, Cambio organized a grand celebration at Ramada Hotel, Colombo, in honor of the company’s 10th anniversary in Sri Lanka.  The guest list included some of the most notable figures in Sri Lanka’s IT industry. 

Informatics’ solution at DRP wins international award

?The Department of Person Registration (DRP) took home the Radiant Launch Award at the first Radiant eID Awards ceremony, held on 1st  December at Pan Pacific Sonargaon in Dhaka.

Elephant House hot dogs now at your door step

?The legendary story of the well renowned celebrity Elephant House Hot Dog is built upon an extraordinary sausage and irresistible sauce that makes their patrons hyper and indulging when they even think of it. 

Large enterprises struggle to execute biz transformation: Oracle study

Today, continual business transformation is crucial for companies to stay ahead of emerging players and maintain a competitive edge. 

Samson Rubber Products bags Silver award

?Samson Rubber Products (Pvt) Ltd., a subsidiary of DSI Samson Group clinched the Silver Award (Runner – Up) for the Manufacturing Non Traditional  Sector at the National Business Excellence Awards 2015 (NBEA 2015 ) at Hilton Colombo organized by the NCCSL recently. 

EAGLE LOGISTICS OPENS SRI LANKA’S FIRST HBL CENTER IN FORT

Supply chain logistics company Eagle Logistics Colombo opens 01st HBL centre in Fort last Friday. Eagle Logistics will be the first logistics company to open an office only for Delivery Orders in Colombo. 

Ananda Sirisena & Company successfully incorporates over 250 companies

Ananda Sirisena & Company, a registered corporate secretaries and incorporator recently concluded successfully incorporating its 250th company in to the local business fraternity.

Singer launches Sony Xperia Z5 series in Sri Lanka

?Singer Sri Lanka PLC together with Sony Representative Office Sri Lanka introduced the flagship Sony Xperia Z5, Xperia Z5 Compact smartphones and the 4K smartphone XperiaZ5 Premiumto the local market.

Pelwatte Dairy brings fresh Sri Lankan goodness this holiday season

Pelwatte Dairy Industries Ltd, a leding manufacturer of locally produced dairy products is all set to offer discerning consumers fresh Sri Lankan goodness this holiday season.

ComBank honours long-serving employees

The Commercial Bank of Ceylon recently felicitated 88 employees who have completed 25 years of service at the 2015 edition of the Bank’s annual Long Service Awards gala at the Cinnamon Grand, Colombo.

EU envoy opens public employment services centre in Batticaloa

?The third of four Public Employment Services (PES) Centres being launched under the EU Support for District Development Programme (EU-SDDP) was declared open at Arasady, Batticaloa by David Daly, Ambassador of European Union to Sri Lanka and the Maldives recently. 

TAL Group excels at Campaign Asia’s Agency of the Year Awards

A clear winner at this year’s Campaign Asia AOTY Awards 2015 in Mumbai was the TAL Group, going home as the most awarded Sri Lankan Agency Group of the night. 

Atlas MD says people, the strength behind his company’s success

?When Karunaarachchilage Nanda Hemalatha started work at the Ceylon Pencil Co. back in 1960, it was a different world. 

Sri Lanka’s HR challenge; not enough of the right skills, and skilled people

Education and skills attainment in Sri Lanka, which in the early 60s was better than that of countries like Singapore, Malaysia and South Korea, has in the last 20 years fallen behind, undermining the country’s growth prospects.

Aitken Spence Travels hosts top Egyptian travel agents

?Top travel agents from Egypt were hosted in Sri Lanka by Aitken Spence Travels for a five-day educational tour in collaboration with the Sri Lankan Embassy in Cairo and airline partner Emirates Airlines recently. 

SAPPTA urges govt. to do away with export cess

The apex industry body for spices yesterday commended the government for its move to eliminate export cess, but expressed fresh concerns on tax likely being re-imposed given that the proposed national budget has undergone a number of changes since its announcement.

New appointments for Rubber Development Officers

For the first time in the history of Rubber Development Department, 83 Rubber Development Officers received new appointments recently. The ceremony was held at the National Institute of Plantation Management, Athurugiriya (NIPM). Minister of Plantation Industries 

Cuba economy boosted by eased US sanctions: Moody’s

AFP - Moody’s raised its forecast for Cuban economic growth Thursday, saying the Caribbean island is benefitting from the loosened US embargo and a surge 

Pathfinder Foundation launches Centre for Indo-Lanka Initiatives with ‘Colombo Dialogue’

The High Commissioner of India to Sri Lanka, Y. K. Sinha declared open the Pathfinder Foundation’s Centre for Indo-Lanka Initiatives (CILI) recently at the Head Office of the 

Rupee down on stock-related dollar demand; shares rise

REUTERS - The Sri Lankan rupee was slightly weaker in morning trade yesterday as dollar demand due to stocks-related foreign fund outflow and from importers outpaced selling of the greenback by exporters, dealers said.

The Bath Store launches safety revolution with Grip Antislip

Leading bathroom supplies provider, The Bath Store, is set to revolutionize home and hotel safety with the launch of Grip Antislip, an internationally acclaimed coating product guaranteed to improve traction on wet or slippery surfaces. 

Billionaire head of China’s Fosun group ‘vanishes’

AFP - The billionaire chairman of one of China’s biggest private-sector conglomerates, Club Med owner Fosun, has disappeared from public and is being questioned over a corruption inquiry, reports said, as shares in the group’s companies were suspended yesterday.

Cars driving the rebalancing of Chinese economy: IEA

AFP - Chinese consumers are getting behind the wheel more, spurring a heady increase in petrol demand, a sign that consumer spending is helping the slowing Chinese powerhouse achieve a soft landing, the IEA said yesterday.

Oil extends losses in Asia on strong OPEC output

AFP - Oil tumbled to fresh multi-year lows in Asia yesterday after OPEC said output had surged, exacerbating concerns over a supply glut that is expected to persist beyond next year.

CIMA-LMD hold 100 Awards Ceremony

CIMA Sri Lanka, known for its contributions to the business field, collaborated with the country’s most prestigious magazine Lanka Monthly Digest (LMD) to recognise the contributions of Sri Lanka’s Most Influential Companies at a gala awards ceremony recently.

National Chamber of Exporters thanks media

The National Chamber of Exporters (NCE) felicitated the representatives of media organisations at an event held recently to express the appreciation of the chamber for the support extended to the chamber during the