Toyota Lanka to globally roll-out MTI’s Competency Model

Toyota Lanka, having successfully launched MTI’s Competency Model in Sri Lanka, plans to globally roll-out this model to its international network. 

L&T looks at Rs.3,000 cr orders from Sri Lanka

PTI: Engineering major Larsen & Toubro (L&T) is expecting Rs.3,000 crore worth infrastructure projects in Sri Lanka as it seeks to expand its global presence, its chief A.M. Naik said.

Developing superior planting materials is the way forward

Following are excerpts of the speech delivered by Planters Association (PA) Chairman Roshan Rajadurai at the 161st Annual General Meeting  held recently.

A team with supercharged morale will always end up the winner

Employee morale is the relationship that a particular employee or a group of employees have with their work and the organisation they work for.

Indo-Lanka relations: Building confidence and boosting bilateral cooperation

A series of high-level visits during the course of this year have formed the basis of attempts to reset Indo-Lanka bilateral relations.

Fitch affirms Citibank N.A.-Colombo branch at ‘AAA(lka)’

Fitch Ratings Lanka has affirmed Citibank N.A.- Colombo Branch’s (CitiSL) National Long-Term Rating at ‘AAA(lka)’.The Outlook is Stable.

The Finance Company improves performance in FY 2014/2015

Good times have returned for The Finance Company (TFC), Sri Lanka’s first Non-Banking Financial Institution (NBFI),...

HNB launches futuristic elearning solution for staff

Hatton National Bank PLC (HNB) has invested in a high-end digital solution for the development of its staff by completely revolutionizing and overhauling its current elearning system. 

Seylan Tikiri creative till competition entry period extended

In keeping with Seylan Bank’s intention of promoting savings among children, a “Creative till Competition” is launched aiming children below 10 years of age. 

Gestetner records 67% profit growth for 2014/15 financial year

Gestetner of Ceylon PLC continued on the upward trajectory for the financial year 2014/2015. 

NTB relocates Kohuwala branch offering greater convenience

?Nations Trust Bank PLC recently relocated its branch in Kohuwala to a more spacious and convenient location. 

Virtusa and PMICSL develop unique program for project managers

Virtusa Corporation announced that it has designed and developed a Virtusa specific Project Management Professional Program in partnership with the Project Management Institute Colombo, Sri Lanka (PMICSL) Chapter.

Fortinet launches most secure cloud-managed enterprise Wi-Fi solution

Fortinet − a global leader in high-performance cybersecurity solutions − announced enhancements to its cloud-based FortiCloud management...

Macbertan wins Gold for manufacturing at CNCI Awards

At the 2015 CNCI Awards, Macbertan (Private) Limited won the National Gold Award for Manufacturing and Industrial Excellence in the Medium Category recently.  

Leema Creations clinches Bronze at CNCI Achiever Awards

Leema Creations (Pvt) Ltd, the leading interior solution provider in Sri Lanka collected a National Bronze Award for Large Category at CNCI Achiever of the Year 2015. 

Intel Sri Lanka to showcase NUC at Colombo Book Fair

Intel Sri Lanka will feature one of Intel’s ground-breaking products, the Intel Next Unit of Computing (NUC) at the upcoming Colombo International Book Fair which will be held from 18th to 27th September 2015. 

Logiventures scores regional first relocating tunnel boring machine

Scoring another first in the South Asian region, Logiventures (Pvt.) Ltd, Sri Lanka’s leader in project logistics successfully relocated a 300 ton tunnel boring machine within the country. 

BOI outlines country’s investment prospects

At a panel discussion held during the Sri Lanka Pakistan Trade and Investment Forum organized by the Federation of Chamber of Commerce of Sri Lanka (FCCSL), BOI Chairman Upul Jayasuriya briefed Pakistani entrepreneurs on the new attractive investment climate of Sri Lanka.

Sri Lanka’s spending on dairy imports increase 8% in 2014, exports fall 8%

Sri Lanka’s expenditure on dairy and dairy products imports rose by 18 percent from a year earlier to Rs. 44 billion during 2014, according to a new report by the Ceylon Chamber of Commerce. 

Indo-Lanka trade tops $2.6 bn in 2015 1H

Indo-Lanka YoY annual trade has reported a remarkable turnaround, and  Indian linked cargo now accounts for over three fourths of Colombo port’s total container transhipment volume,” said A. Sakthivel, Southern Regional 

Upbeat outlook boosts riskier currencies in Asia

AFP - A broadly positive mood across Asian markets helped boost higher-risk currencies yesterday, although analysts said traders were on edge ahead of a possible US interest rate hike next week.

Uber’s Chinese rival invests in US opponent Lyft: report

AFP - China’s top taxi hailing app Didi Kuaidi has taken a stake in US archrival Uber’s own domestic competitor Lyft, the Wall Street Journal reported, as the firms spend fortunes competing for market share.

Saudi oil market shake up set to squeeze US shale: IEA

AFP - Cheap oil prices ushered in by Saudi Arabia’s policy of protecting its market share will end up squeezing high-cost producers like US shale drillers, leading next year to the biggest drop in output in nearly a quarter century, the IEA said yesterday.

Haze shroud commercial city

Pedestrians wear face masks as haze shroud commercial buildings in Kuala Lumpur. The thick haze yesterday came from blazes on western Sumatra island and the Indonesian part of Borneo island, which are home to huge palm oil and pulp and paper plantations. AFP

Perfetti launches Mentos Maxxa range

Mentos Maxxa, the latest addition to the popular confectionary range, was launched by Perfetti Van Melle Sri Lanka at a recent event held at Excel World, Colombo.

Macksons Care launches OXYjet face and body machine

Another venture by Macksons Holdings, Macksons Care (Pvt) Ltd was launched as a provider of state-of-the-art facial and body care equipment.  Macksons Care is also the sole agent in the country for Nora Bode Kosmetik, Germany. At a ceremony held at the Cinnamon

Janashakthi Insurance continues to support Sri Lankan exporters

Janashakthi Insurance has continued to extend its   support towards the 23rd National Chamber of Exporters (NCE) awards, to be held on September 18, at the Hilton Colombo. 

Richard Pieris records Rs.10bn revenue for 2015/2016 1st quarter

The Richard Pieris Group has ended its 1st quarter on a strong note reporting a Group Revenue of Rs.10.3 billion and a PBT of Rs.771 million.  The reported revenue and PBT signifies a growth of 17 percent and 22 percent respectively over and above the previous year.

New Lloyds brings Instant Lasagne Kotthu for Lankan food lovers

New Lloyds, a brand which has won the hearts of many for more than 35 years, introduced their newest product, the Instant Lasagne Kotthu Hot and Spicy 80 gramme pack at the Pro Foods Pro Pack and Agbiz 2015 Exhibition held at the BMICH recently.

Ussapitiya Rivisanda Vidyalaya emerge winners at S-lon Diyasara

S-lon Lanka (Pvt) Ltd., with its single vision of identifying and delivering sustainable water management solutions to the nation for 58 years inaugurated the 2nd phase of the Diyasara Student Circle Programme at D.S. Senanayake College, Meerigama, Ussapitiya