Blue Ocean Group opens newest luxury condominium at Gregory’s Road

?Sri Lanka’s leading apartment developer, Blue Ocean Group of Companies unveiled its fourteenth and newest flagship project – Blue Ocean @ Gregory’s Road recently, heralding in a new era to Sri Lanka’s vibrant construction industry.  

Hameedia defends Textile & Apparel title at Great HR Quiz 2015

?Sri Lanka’s leading menswear specialist Hameedia, recently emerged as the winner of the Textile & Apparel category at the Great HR Quiz 2015 Awards for the second consecutive year,. 

IELTS recognised by over 3,000 institutions in the USA

?The International English Language testing system is recognised by over 135 countries including the USA. Its recognition in the US has increased over the years and at present has over 3,000 institutions including Ivy League universities...

Pidilite acquires leading white adhesive brand Chemifix

?Pidilite Lanka (Private) Limited recently acquired the PVAC adhesive business, associated with trademarks such as Chemifix.

FITIS Software Chapter to initiate Crowdfunding Program

 Federation of IT Industry Sri Lanka (FITIS) Software Chapter is planning to initiate a new program on Crowd funding as a part of its four pillar strategy for the development of the ICT industry and its members, namely business development...

SriLankan named Best Full Service Airline in Central & South Asia

?SriLankan Airlines was recognized as one of Asia’s finest carriers when it was named Best Full Service Airline in the Central and South Asian region at the Future Travel Experience Asia Awards 2015 in Singapore recently.

TDL abolition to delay major promotional drive by a year

 Sri Lanka’s long-overdue major promotional campaign may be delayed until 2017 due to the budget proposal to abolish the Tourism Development Levy (TDL) and seize the Rs.2 billion collected through it for promotional purposes. 

REITs – A welcome new addition to investment landscape

 The Budget announcement on the potential introduction of real estate investment trusts (REITs) as an alternative investment class has evoked a heightened sense of activity across many quarters. 

Rupee firmer on exporter sales, inward remittances

?REUTERS: The Sri Lankan rupee traded firmer yesterday due to dollar sales by exporters and on inward remittances ahead of the festival season, dealers said.

IASL recognizes top achievers of ‘Life Insurance Awareness Month’ campaign

In celebration and commemoration of the success of the ‘Life Insurance Awareness Month’ campaign that was held during the month of September, the Insurance Association of Sri Lanka (IASL) hosted the Life Insurance Industry Awards Ceremony recently,...

HSBCnet mobile app gains momentum with local corporates

?MAS Legato, the Shared Service Centre of the MAS group, has become the newest user of HSBC’s newly launched global mobile application for HSBCnet.

LB Finance promises most ‘Giftful’ fixed deposit this season

LB Finance PLC, the trailblazer in Sri Lanka’s non-banking financial services industry, offers its fixed deposit customer a bagful of fantastic gifts this Christmas and New Year season. 

CA Sri Lanka launches mobile app

In its continuing efforts to remain current and progressive, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently launched its corporate mobile app. 

Fed rate hike expectations slowing inflows to capital account: CB

?The Central Bank (CB) yesterday said the inflows to the capital account slowing amid the expectation of the US Federal Reserve increasing interest rates. 

Ceylon cinnamon to receive due recognition

In presenting the Budget proposals of 2016, the Finance Minister announced that Sri Lanka has the monopoly for the supply of “True Cinnamon” with over 85 percent supply share in the world market. 

Why dynastic female leaders win elections in Asia

The landslide victory by Aung San Suu Kyi’s National League for Democracy (NLD) party in November 8, 2015 Myanmar election, after decades of Suu Kyi being held under house arrest, marks one of the world’s most extraordinary political turnabouts.

More of the same: Budget 2016 increases protection and dependence on trade taxes

?Sri Lanka was amongst the early movers in trade and economic liberalization in South Asia.

Sharmila among 50 Most Influential Marketing Leaders

?Sharmila Arasaratnam, Director Marketing of Gamma Pizzakraft Lanka, sole franchisee for Pizza Hut and Delifrance in Sri Lanka, has been named one of the 50 Most Influential Global Marketing Leaders by the World Marketing Congress. 

5th Elephant turns 11 years

5th Elephant turned 11 years recently. The ad agency’s humble beginnings are much part of its triumph today. The agency has never measured success by profit margins or a list of clients. 

BBDO wins ‘South Asia Creative Agency of the Year’ at Campaign Asia-Pacific awards

?BBDO demonstrated its top class creative capabilities by winning the ‘South Asia Creative Agency of the Year 2015’ award at the Campaign Asia-Pacific Agency of the Year awards held at a gala dinner in Mumbai on December 7.

361 Degrees celebrates completing 1000 Wild Drift programmes

?Undoubtedly one of the best workplaces around in Sri Lanka that shares a unique and stimulating approach towards work and outbound training, 361 Degrees held a felicitation event to recognize and show gratitude to all those who had been part of the company. 

Leo Burnett Sri Lanka awarded ‘Agency of the Year 2015’

Leo Burnett Solutions Inc. (LBSI) was recently awarded Gold as the ‘Rest of South Asia Creative Agency of the Year 2015’ at Campaign Asia’s prestigious South Asia Agency of the Year Awards 2015 at an award ceremony in Mumbai, India. 

SLASSCOM series of Tech Talks held during National ICT Week

The Sri Lanka Association Software and Services Company (SLASSCOM) has successfully concluded a series of technology forums and workshops to support the inaugural ICT Week

Leo Burnett Sri Lanka Awarded ‘Agency of the Year 2015’

Leo Burnett Solutions Inc. (LBSI) was recently awarded gold as the ‘Rest of South Asia Creative Agency of the Year 2015’ at Campaign Asia’s prestigious South Asia Agency of the Year Awards 2015 at an award ceremony in Mumbai, India

‘Change today, for tomorrow’ creates awareness on World Diabetes Day

?Diabetasol held an awareness program on November 14, marking World Diabetes Day, at the Racecourse Promenade, Colombo 7. The program focussed on Diabetes, the non-communicable disease with the highest rate of spread in Sri Lanka.

Amãna Bank donates state of the art Bus Stand to Kalmunai City

?Amãna Bank recently contributed towards the Kalmunai City beautification project initiated by Hon. Mayor of Kalmunai Mr Nizam Kariapper through the construction of a state of the art Bus Stand in the city’s proposed Unity Square premises. 

IASL recognizes Top Achievers of “Life Insurance Awareness Month” Campaign

Life Insurance Awareness Month’ campaign that was held during the month of September, the Insurance Association of Sri Lanka (IASL) hosted the Life Insurance Industry Awards Ceremony on the 4th of December 2015, at Kingsbury Hotel,

Moody’s gives thumbs up for banks despite Budget snags

?International ratings agency Moody’s reaffirmed Sri Lanka’s banking sector with a stable outlook, due to continuous economic growth, healthy asset quality and profitability.

Overseas Realty adjudged ‘Leader’ of the sector

?Overseas Realty (Ceylon) PLC was adjudged “Leader” of the Land and Property Sector - 2014/2015 in the CIMA- LMD 100. The awards ceremony was held at the Cinnamon Grand on 1st December. LMD, in collaboration with CIMA, presented the CIMA-LMD 100 Awards for the financial year 2014/15.

Matchbox industry in trouble over gunpowder import restrictions

The matchbox factories in Sri Lanka are not operating due to national security concerns over importing gunpowder, as was revealed during the fifth Ease of Doing Business Forum held last week.