Mercedes-Benz Club takes part in ‘Amazing Race’

?The ‘Amazing Race’, a fun-family rally exclusively organised for the members of the Mercedes-Benz Club of Sri Lanka took place recently.

Sri Lanka Insurance-AMW conduct auto clinic programme

?Keeping to its promise as the nation’s motor insurance provider, Sri Lanka Insurance (SLIC) Motor Plus recently steered the first motor clinic programme in collaboration with AMW Road Side Assistance.

Mobil powers Mana Jayawardana Memorial Rally 2015

The  ‘Mana  Jayawardana  Memorial  Rally’  organised  by  the  Classic  Car  Club  of  Ceylon  was  held  for  the  second  consecutive  year  recently, commencing  from  Independence  Avenue...

Ravi meets Marks & Spencer CEO

?Finance Minister Ravi Karunanayake, during his recent visit to London, held talks with the British multinational retailer Marks & Spencer Company Chief Executive Officer Marc Bolland, a statement from Finance Ministry said. 

Human roadblock for Japanese firms developing autonomous cars

?AFP: Japanese car manufacturers will have to convince the public that letting go of the wheel in a self-driving car is safe, while also dealing with the biggest threat to the cars’ security: the humans using them.

Favourable market conditions push Softlogic 2Q profits up 13%

?The diversified conglomerate, Softlogic Holdings PLC group (SHL) posted a net profit of Rs.116 million for the quarter ended September 30, 2015 (2Q15), up 13 percent from a year ago. 

Hemas records Rs.635.3mn net profit for 2Q

?Hemas Holdings PLC, which has interests in FMCG, healthcare, transportation and leisure saw its September (2Q16) group net profit falling a marginal 0.7 percent year-on-year (yoy) to Rs.635.3 million.

Commercial banks pump out Rs.49bn in leases in 9 months

In an startling revelation, the top eight private sector licensed commercial banks (LCBs) have given out a staggering Rs.48.6 billion worth of leases during the first nine months of 2015...

MAS top employees join rival company

A number of employees of the country’s largest apparel exporter MAS Holdings are said to be moving out this month to join rival Hela Clothing (Pvt) Limited, industry sources said.

HDFC Bank requests govt. support to upgrade low-end housing

The only state-owned listed bank, the Housing Development Finance Corporation Bank (HDFC Bank) has submitted a proposal to the Prime Minister requesting a Rs.50-70 billion annual loan facility for the next 5 years for the urgent upgrading of low-end housing in the country.

Senasinghe briefs high-powered Pakistani business delegation on country’s investment potential

A high- powered business delegation from Pakistan led by Khurram Dastigir Khan, Minister of Commerce of Pakistan visiting Sri Lanka and met with the State Minister of International Trade. Sujeewa Senasinghe at the BOI.  

PickMe launches business portal for enterprise

PickMe’s ‘PickMe Business’ business portal is set to revolutionise the transport administration of businesses. Taking a step forward from supplying efficient transportation to individual users via the PickMe app now even businesses can enjoy the same ‘smart’ service PickMe provides via PickMe Business. 

Union Assurance pioneers Life insurance service in Bakamuna

Union Assurance added another branch to its already impressive coverage of the island, by opening a branch in Bakamuna, offering customers in the potential business hub a wide array of Life insurance solutions.

Sri Lanka receives US$ 450mn deposits from Swiss Bank account holders: FinMin

Finance Minister Ravi Karunanayake said that since the government invited the Swiss Bank account holders to deposit their money here, Sri Lankan  banks have received US$ 450 million.

It is the spirit of the men and women who follow their leader that gains the victory

For anything significant to happen in an organisation, it is the mind and quality of each individual, as well as the unity of a team effort that produces any meaningful effect.

Cross-cultural leadership development

Most chief executive officers (CEOs) consider foreign markets to be a key factor in their company’s future success. When expanding operations globally, these multinational companies face many challenges. 

Thushan Gunawardena appointed Country Manager of Ayonix Corporation

Thushan Gunawardena was recently appointed as the Country Manager of the Ayonix Corporation of Japan in Sri Lanka, which specializes in  developing advanced 3D face recognition software that can be used in  multiple industries. 

INFOTEL 2015 partners with Metropolitan as main sponsor for inaugural CIO Forum

The ICT industry’s landmark event INFOTEL has partnered with the technology giant Metropolitan as its main sponsor, for the inaugural Chief Information Officer (CIO) Forum to be held on 

Waters Edge transforms into a Winter Wonderland this Christmas

Everything about Christmas is nostalgic. And nothing brings back the fond memories of the season like the first tunes of a familiar Christmas carol that have just begun to be played on the radio.

Mobitel mCash partners with Union Assurance

The National Mobile Service Provider Mobitel’s Mobile Money platform mCash has partnered with Union Assurance PLC to offer the mCash platform to its Life Insurance Advisors for the Life Insurance policy payment collection process. 

Kingslake and Progress present ‘How to develop business apps the agile way’

 A seminar focused on building powerful business applications ‘Developing Agile Business Applications - Are You Ready?’ will be held on November 24th at the Water’s 

Der Touristik hotel partners attend summer 2016 brochure launch in Hamburg

The hotel partners of the Der Touristik group Germany representing Jahn Reisen, Meiers Weltreisen ITS Reisen, ADAC Reisen and Dertour brands attended the summer 2016 brochure launch held in Hamburg recently.

eCommerce company  Wasi.lk moves to Flower Road showroom

Wasi.lk, a leading eCommerce website has relocated to a new and improved showroom at Flower Road, Colombo 7.  The new outlet features a large showroom area which enables products to be displayed much better, providing customers with added convenience. 

Citrus Leisure posts steady performance for 1H 2015/16

The Citrus Leisure group announced a revenue of Rs.392 million for the six months ended September 2015, a 133 percent growth compared to the corresponding period last year.

findmyfare-retailgenius e-cash back promotion a success

findmyfare.com, Sri Lanka’s largest online travel agency, recently joined hands with retailgenius.com to launch the ‘findmyfare.com Shopping Festival’.

Alpha opens doors to latest Concept Store

Alpha Industries, one of the leading furniture manufacturers in Sri Lanka, opened their latest Concept Store on 13th November.  The new store - located at Dharmapala Mawatha, Colombo 7 – has been specifically created to fill the gap between affordability and luxury.

JLanka Technologies introduces solar panel technology to local market

Total green energy solutions provider JLanka Technologies in another pioneering venture introduced the latest solar panel technology being used by their global partners Trina Solar which allows solar panels to be more efficient in their assigned tasks.

IIT Campus continues winning streak at NBQSA

The Informatics Institute of Technology (IIT) once again bagged multiple accolades at the recently concluded National Best Quality Software Awards 2015.  This was sixth year IIT Campus has been adjudicated as a winner at NBQSA since the competitions inception in 1998. 

Bren Security ‘Hard Talk’ focuses on uplifting security guards’ service quality

Moves to uplift the service quality of security guards was focused at the annual “Hard Talk” event of Bren Security (Pvt) Ltd, the Sri Lankan partner of the worldwide Securitas AB group held at 8 Degrees on the Lake, Cinnamon Lakeside recently.

Rupee at record low on importer dlr demand

?REUTERS - The Sri Lankan rupee struggled at its record low yesterday due to importer dollar demand while moral suasion by the central bank capped any further fall, currency dealers said.