thinkCube passes down benefits of cloud computing to SMBs

?The non-IT person has long wondered what cloud computing is and how they could benefit from the advantages it offers. Here’s a brief on how thinkCube passes on the benefits of cloud computing to its growing client base of business owners.

hSenid Mobile-Orange Electric throw light on future of IoT

?hSenid Mobile Solutions together with Orange Electric showcased the innovative Cellular M2M box to be released later this year. 

Dialog BFSI Forum 2015 empowers enterprises

?Dialog Enterprise, the corporate solutions arm of premier connectivity provider, Dialog Axiata PLC, hosted senior executives from the insurance, banking and financial service sectors to a corporate gathering and business presentation at the OZO, Colombo recently.

Asian Alliance increases protection to Trincomalee

?Asian Alliance Insurance has opened its second Life insurance branch at Trincomalee, expanding its Life network in the country to 53 branches.  

Watawala Plantations appoints Binesh Pananwala as Deputy CEO

?Sunshine Holdings PLC’s plantation sector subsidiary and the country’s largest tea and palm oil producer, Watawala Plantations PLC, has appointed Binesh Pananwala, ...

Union Bank opens five new ATMs to further enhance customer convenience

Union Bank of Colombo PLC recently opened five new ATMs, as part of its effort to expand its network and support the growth of its alternative channels. The new ATMs are located in Armour Street – Colombo 14

Union Bank introduces new look to Wattala branch

Union Bank of Colombo PLC recently introduced a new look to its Wattala branch. The redesigned Wattala branch was ceremoniously opened by Malinda Samaratunga, Chief Financial Officer of Union Bank, in the presence of distinguished guests and members of the local community. 

Renuka Foods 2014/15 revenue up 17%

?In its interim financial statement released for the fourth quarter of the financial year 2014/15, Renuka Foods PLC recorded revenue of Rs. 1,703 million, a 17 percent increase compared to the revenue during the same period last year.

Sri Lanka takes lead in multi-lingual internet initiatives

?Permanent Representative of Sri Lanka to the UN in Geneva, Ambassador Ravinatha Aryasinha said Sri Lanka had taken a lead in multi-lingual internet initiatives...

Airbus sees ‘several hundred’ orders at Paris Airshow

?REUTERS: Airbus could announce “several hundred” aeroplane orders at the June 15-21 Paris Airshow, Fabrice Bregier, chief executive of the planemaking unit of Airbus Group, said on Saturday.

Hemas 4Q net down 18% to Rs.771mn, FY 2015 follows suit

?Diversified conglomerate, Hemas Holdings PLC (Hemas) posted a net profit of Rs. 771.6 million for the quarter ended March 31, 2014 (4Q’15), down 17.6 percent from a year ago due to a heavy increase in selling expenditure and the fall in other operating incomes....

China rejects US criticism of sea reclamations

?AFP - China yesterday rejected US demands to stop all reclamation works in the South China Sea, saying it was exercising its sovereignty and using the outposts to fulfil international responsibilities.

Expolanka 4Q net up 167% to Rs. 216mn, but full year down 38%

?The diversified freight and logistics group, Expolanka Holdings PLC posted a net profit of Rs.216. 4 million for the quarter ended March 31, 2014 (4Q’15), up 167 percent from a year ago, the interim results released to the Colombo Stock Exchange showed. 

Asian Chief Audit Executives Leadership Forum kick starts today

?The Asian Chief Audit Executives Leadership Forum will be held for the first time in Colombo at the Cinnamon Grand Hotel today under the theme “Inspire to Lead”. 

Best Western Elyon Colombo appoints Renuke Coswatte as GM

?Best Western Elyon Colombo is pleased to announce the appointment of seasoned Sri Lankan hotelier, Renuke Coswatte as the General Manager of its 59-room Hotel in Colombo.

Samsung unveils the Samsung Z1 the first Tizen powered Smartphone for Sri Lankan consumers

Samsung Electronics Co., Ltd. announced the launch of the first Tizen powered smartphone in Sri Lanka, the Samsung Z1. Appealing to millions of potential users in Sri Lanka, the Samsung Z1 offers exclusive benefits for localized apps and a simple user interface that makes mobility easier and more enjoyable, even for first-time smartphone users.

The creators of findmyfare.com launch retailgenius.com

The creators of findmyfare.com today launched their latest e-commerce website, retailgenius.com.

Tea crisis: Who deceives whom?

?On reading and hearing of the views expressed by the Planters’ Association, the writer was tempted to pen a couple of lines himself. Most of the issues have been discussed over and over and heard frequently and repeatedly but no remedy has been elucidated.

Leo Burnett wins Sri Lanka’s first D&AD Pencil

?Leo Burnett Solutions Inc. (LBSI), the local office of the global advertising network Leo Burnett Worldwide recently won a Graphite Pencil at the D&AD (Design and Art Direction) Awards 2015. 

BoC starts year on strong footing with Rs.4.4 bn 1Q 2015 PBT

?After completing its 75th anniversary year with a commendable achievement of Rs.20.3 billion PBT, BoC has reported Rs. 4.4 billion PBT for the 1Q 2015 by achieving a 15 percent growth over 1Q of the previous year. 

National Chamber offers secretarial services

?The National Chamber is offering secretarial services to business councils, trade associations, professional bodies and other organizations in the areas of financial and accounting management, event management, co-ordination, marketing /media...

MTD Walkers 4Q net down; full-year profits surge over 80%

?Integrated infrastructure and engineering solutions provider MTD Walkers PLC posted a net profit of Rs.44.5 million for the quarter ended March 31, 2015 (4Q15), down 52 percent from a year ago, the financial accounts released to the Colombo Stock Exchange showed. 

Central Finance debentures snapped up

Central Finance Company PLC (CF) said it successful raised Rs.3 billion through a debenture issue. The issue opened for subscription yesterday.

Retail operations drive Ceylon Cold Stores performance

?Ceylon Cold Stores PLC, a unit of the John Keells group, which has interests in consumer goods manufacturing and retailing, saw its net profit for the March quarter (4Q15) edging down 7 percent year-on-year (YoY) to Rs.601.2 million.

Think tank renews call for major economic reforms

Colombo-based think tank, the Pathfinder Foundation, yesterday renewed its call for sweeping economic reforms and cautioned that otherwise Sri Lanka would inevitably have to face successive crises in the near future. 

Maldivian resort group plans second project in Kalpitiya

Leading Maldivian resort group Sun Siyam said it was setting up a 100 percent Maldivian-owned villa resort in Kalpitiya, Sri Lanka.

Dialog & Odel pioneer Smart Retail with D-Beacon

?Sri Lanka’s premier telecommunications service provider, Dialog Axiata PLC, announced this week, that it had partnered the country’s leading fashion retailer, Odel, to deploy and launch a Smart Phone Beacon-based store engagement platform for the first time in Sri Lanka.

‘Hutch Connect’ enables you to call around the world for 40% less

?Hutch announced the launch of a unique Smartphone IDD App called ‘HUTCH CONNECT’ that enables customers to call any international mobile or landline around the world at savings of more than 40 percent. 

Leo Burnett wins Sri Lanka’s first D&AD Pencil

Leo Burnett Solutions Inc. (LBSI), the local office of the global advertising network Leo Burnett Worldwide recently won a Graphite Pencil at the D&AD (Design and Art Direction) Awards 2015. The Graphite Pencil was awarded to LBSI in the White Pencil - Creativity for Good category which recognizes creativity for service innovations. The award was won for the ‘Mosquito Repellent Newspaper’ – an innovative campaign which the a

Mahapola Lotto offers big rewards for big performers

Lotteries innovator Mahapola Lotto, in its first sales conference, has honoured its top sales people from across Sri Lanka recently.