Nine Sri Lankan designers showcase swimwear collections at CFW Swim 2016

Wednesday 05th August 2015: Colombo Fashion Week (CFW) Swim 2016, presented by OLU Tropical Water, will showcase the latest collections of emerging and established Sri Lankan swimwear labels. In the inaugural season of CFW Swim, renowned Sri Lankan swimwear designers will present their new collections alongside designers who are new to the category. Linea Aqua, the main partner of CFW, has manufactured all swimwear, showcasing its state-of-the-

Macbertan sponsors specialized shoes for National Netball Team

?Macbertan (Private) Limited, manufacturer of McFoil roof insulation, recently gifted Asics gel – Super 5 Women’s specialized netball shoes and McFoil-branded sports bags to the National Netball Team.

GroupM makes donation to Cancer Hospital

?Sri Lanka’s leading media advertising agency, GroupM Sri Lanka made a contribution from the sales proceeds of ‘Kinduru Kodeuwa’ musical extravaganza to Maharagama Cancer Hospital recently. 

Glitz renews agreement with SOS Children’s Village

Glitz - the fashion destination – which drives ‘fashion inspired by emotion’, is set to inspire hope amongst children – the ones who have lost inspiration and hope for life at some point...

Exim Bank for Sri Lanka in the offing: Eran

?Sri Lanka must seriously look at setting up an Export-Import Bank (Exim Bank) in a bid to rev up the exports which have now come down to just 14.9 percent of Gross Domestic Product (GDP) from 33 percent in year 2000. 

Economist ridicules previous regime’s trade policy and calls it ‘Stupidnomics’

?Sri Lanka’s international trade policies hawked by the former Treasury Secretary Dr. P. B. Jayasundera were termed ‘Stupidnomics’ by a leading economist who has carried out extensive research on global trade policy.

Full access to PayPal soon: ICTA Chief

?The world’s most popular payment gateway service PayPal which facilitates e-commerce across borders will be opened up for Sri Lankans very soon, Sri Lanka’s state-run ICT agency Chief said. 

July records 2nd highest monthly tourist arrivals ever

Tourist volumes to Sri Lanka in July grew 31.2 percent year-on-year (yoy) to the highest ever arrivals of 175,804, with China overtaking India as the largest tourism source market for the first time.

PM tells private sector to get rid of protectionist mindset

Prime Minister Ranil Wickremesinghe asserted that the private sector and pseudo nationalists must move away from crony capitalism and the resultant protectionist mindset in order to take the country down the road of development.

Sri Lanka Economic Summit 2015

Sri Lanka Economic Summit 2015, organised by the Ceylon Chamber of Commerce kicked off yesterday at the Cinnamon Grand Hotel, Colombo. Pictures show highlights of the yesterday’s proceedings. 

‘Govi Suwaya’ – ‘Samaposha’ extends local farmer CSR to healthcare

Plenty Foods (Pvt.) Ltd (PFL), a fully-owned subsidiary of Ceylon Biscuits Ltd (CBL), the manufacturer of ‘Samaposha’ cereal brand for children and adults, recently launched its latest corporate social responsibility (CSR) initiative ‘Govi Suwaya’...

Rediscovering the lost art of hospitality

When someone makes you feel comfortable and at home, that person, providing a warm, friendly environment is being hospitable.

Singapore Airlines A380 to fly in National Day Parade

A Singapore Airlines (SIA) Airbus A380 will take part in the National Day Parade (NDP) aerial flypast on August 9 to celebrate Singapore’s 50th birthday, 

Explore more of the Americas with Emirates’ Pass

Emirates passengers looking to explore beyond the airline’s network of American destinations now have dozens of options with the Americas Pass.

Etihad appoints Cheil as global digital, social media agency

Etihad Airways, the national airline of the United Arab Emirates (UAE), has appointed Cheil Network to handle its global digital and social ...

Insurance Institute of India officials visit Sri Lanka

A team from Insurance Institute of India, Mumbai, under the leadership of  Sri. P Venugopal, Secretary General Insurance Institute of India, Mumbai  is visiting Sri Lanka from August 5 to 7. 

Bank of Ceylon celebrates 76 years of dedicated service

Bank of Ceylon celebrated 76 years on the 1st August 2015. Envisioned to lead the Sri Lankan banking sector for another hundred...

Lanka ORIX Finance enters Kaduwela

Lanka ORIX Finance PLC (LOFC) opened its latest branch in Kaduwela recently. 

Banking sector NIMs will be further pressurized: NTB CEO

Going forward, the banking sector margins will further come under pressure due to the twin challenges of lower interest rates and the uptick...

Fixing the NTBs between India and Sri Lanka

The previous Verité Insight titled ‘Exports to India: putting the “free” back into the free trade agreement’ highlighted that when negotiating trade agreements, ...

Should the government be the ‘employer of first resort’?

In the early years after independence, it was generally accepted that the government’s role was limited to providing defence,

Overseas Realty records Rs. 1.5 bn profit for 1H15

Overseas Realty (Ceylon) PLC in its performance, reported a group net profit of Rs 1.5 billion for the first 6 months ended 30th June 2015, 

Norfolk Foods adds flavour to Culinary Arts 2015

Norfolk Foods Pvt Ltd, the innovation-centric contender in the Sri Lankan frozen food manufacturing arena is a trusted brand name both locally and internationally. 

DSI ups the ‘Beat’ with Bhathiya and Santhush

The place of the colourful and ubiquitous flip-flop in local fashion has been reaffirmed, with one of Sri Lanka’s most popular singing...

Blue Mountain tops Rs. 1 bn revenue mark in 1Q16

?Real estate company, Blue Mountain Properties has recorded a revenue of Rs. 1 billion in Q1 of the financial year 2015/2016. 

Johnson’s Baby promo winners visit Universal Studios

To appreciate the joy of motherhood and to reward the loyalty, Johnson’s Baby successfully conducted a mega promotion under the theme...

CIC Holdings PLC continues momentum of growth in Q1 of 2015/16

Tuesday 4th  August 2015, Colombo: CIC Holdings PLC recorded an impressive group profit after tax (PAT) of Rs. 395.9 million for the first quarter of the financial year ending 2015/16. In Q1, profits increased by 94% from Rs. 204.4 million recorded in the corresponding period of the previous financial year. The group also recorded revenue of Rs. 6.51 billion, an increase of 15.6 % over the first quarter of the previous financial year. In Q

Celebrated international swimwear designers to showcase at CFW Swim 2016

Tuesday 4th August 2015, Colombo: The inaugural edition of Colombo Fashion Week (CFW) Swim, presented by OLU Tropical Water and the foremost swimwear designers and manufacturers in the region, will showcase a line-up that includes nine Sri Lankan designers and the collections of three highly-acclaimed and respected international swimwear labels – Charlie by Matthew Zink, Shivan & Narresh and sanchita. A technical collaboration with Li

Lanka Hospitals’ Parent Crafting Programme marks 50th session

Becoming a parent especially for the first time is a daunting experience.  

ACL Cables wins Export Award for entering new markets

ACL Cables, the leading cable company in the country with 70 percent market share as a group and over ....