Sri Lanka Telecom wins Golden Globe Tigers Award

?Sri Lanka Telecom PLC has been honoured with the “Best Use of Social Media in Marketing” award under the category “Excellence in Social Media & Digital Marketing” at the Golden Globe Tigers Summit Awards, held in Malaysia on 25th March 2015, for its unique, resonant and strategic use of social media.

Capping city hotel rates: Does it work?

?Accusations of undercutting of room rates among star hotels in Colombo, with claims that it adversely affected smaller hotels, compelled the government to enforce a compulsory minimum room-rate structure for city hotels from November 1, 2009.

Huawei to surprise mid-range smartphone market with two new devices

?According to a reliable source within the company, Huawei is set to launch two new-mid range smartphone in Sri Lanka.  The devices are believed to be targeted at the highly competitive mid-range smartphone market in the country.

ICTA introduces mobile app to mark museum opening

?The ICT Agency of Sri Lanka (ICTA) said it was introducing a mobile application called ‘Sri Lanka Museum’ in line with the opening of Magampura Ruhunu Heritage Museum by President Maithripala Sirisena today.

Construction of 75 houses for Meeriyabadde landslide victims commences

?Construction of 75 houses for landslide-affected families in Meeriyabadde has commenced with the initiative taken by the Plantation Infrastructure Development Ministry. 

Tea, rubber prices fall linked to global trend: Planters’ Association

The drastic fall in local tea and rubber prices – which has led to major losses for Regional Plantation Companies (RPCs) – is part of a broader global trend of decline in commodity prices, which is not expected to reverse in the near future, the Planters’ Association of Ceylon points out.

‘Tea crisis’: Where have we gone wrong?

?The tea industry in Sri Lanka is in a serious conundrum. The management companies believe that the cost of wages is too high and that they cannot be further increased without losing financial sustainability.

IIT Campus sets new record and extends winning streak at Microsoft Imagine Cup

?For the third consecutive year, students from the Informatics Institute of Technology (IIT Campus) emerged victors at the Imagine Cup Sri Lanka 2015 finals sponsored by Microsoft.

WHITE By Spa Ceylon recognized as ‘Best Luxury Ayurveda Spa’ in the world

?Spa Ceylon, Sri Lanka’s premier spa and lifestyle brand, recently won an international award in the ‘Best Luxury Ayurveda Spa’ category at the prestigious World Luxury Spa Awards. The highly acclaimed international award was won for ‘WHITE By Spa Ceylon’,

Sakura International opens latest showroom in Piliyandala

?Sakura, a strong chain of companies that provides an array of services to the construction sector of Sri Lanka, opened their newest venture, Sakura International at Moratuwa Road, Piliyandala on April 30. 

Waters Edge partners Simplifly for domestic helicopter operations

?Civilian helicopters have been cleared to land at the Waters Edge complex in Battaramulla, domestic helicopter operator Simplifly said. 

ATOM re-launches Dharmapala Mawatha inaugural store

?ATOM Technologies, high quality retail, corporate and consumer media solutions providers, re-launched its portfolio at its inaugural store recently. 

Mos-Lanka secures Gold at annual biz initiative awards

?Mos-Lanka Holdings Private Limited has clinched the International Arch of Europe in the Gold category awarded by the globally recognized Business Initiative Directions.

HNB MOMO wins international award for Marketing Campaign of the Year

?Hatton National Bank (HNB) received an award for ‘Excellence and Leadership in Branding and Marketing’ at Golden Globe Tigers Summit Awards 2015, held recently in Malaysia.

BoC dedicates ‘Siri Medura’ home loans to the nation

?Bank of Ceylon (BoC) launched ‘Siri Medura’ - a best-in-class home loan offering to help its valued customers purchase and build their dream home - in five provinces. 

CDS to host regional training seminar for depositories

?Central Depository Systems (Pvt.) Ltd (CDS), a fully-owned subsidiary of the Colombo Stock Exchange (CSE), will host the 17th Annual Cross Training Seminar of the Asia-Pacific Central Securities Depository Group (ACG) in Colombo on May 12 and 13. 

NDB opens 88th branch in Pitakotte

?NDB extended its reach in the Western Province with the opening of its 88th branch in Pitakotte recently, offering a wide range of financial services to residents and businessmen of the area. 

Coca-cola celebrates 129 years of sharing happiness

To celebrate 129 years of sharing happiness since the Coca-Cola story began on May 8, 1886, The Coca-Cola Company is thanking everyone who has been part of Coca-Cola’s mission to refresh the world. The Coca-Cola Company is the world’s largest beverage company, with a portfolio of more than 3,500 product variants, 17 billion dollar brands and operations in more than 200 countries worldwide. As the company looks ahead to the future with

‘WHITE By Spa Ceylon’ recognized as ‘Best Luxury Ayurveda Spa’ in the world

Spa Ceylon, Sri Lanka’s premier spa and lifestyle brand recently won an international award in the ‘Best Luxury Ayurveda Spa’ category at the prestigious World Luxury Spa Awards. The highly acclaimed international award was won for ‘WHITE By Spa Ceylon’, which is one of the brand’s signature luxury Ayurveda spas that blends the elements, traditions and rituals of old Ceylon with the modern design and aesthetics

Reclaiming Indian Ocean identity vital for economy: Mangala

Sri Lanka should reclassify itself as an Indian Ocean country instead of a South Asian country to secure further foreign direct investments (FDIs), exports, tourism and foreign expertise in the future, according to Foreign Affairs Minister Mangala Samaraweera.

Ceylinco Insurance announces 200% dividend of original share price

?Ceylinco Insurance, the market leader in Sri Lanka’s insurance industry, announced an unparalleled dividend of Rs.20 per share to its shareholders for the year 2014, which is a 200 percent dividend of the original share price. 

IMF says ‘risks appear to be on the rise’

?While commending for robust growth, low inflation and narrowing of the current account deficit, the International Monetary Fund (IMF) yesterday cautioned Sri Lanka on its fiscal and external fronts. 

SL’s apex investment promotion agency backs protectionism

Sri Lanka’s apex government body for promoting investments appears to support limited trade despite the current government’s positive disposition towards the matter.

Rs.25mn fraud at Ceylon Leather Products

?Ceylon Leather Products PLC yesterday informed the Colombo Stock Exchange that the employees in its tannery in Mattakkuliya had defrauded the company of Rs.25 million during the financial period of 2012 to 2014.

Sri Lanka’s first crowdfunding platform launched

?Sri Lanka’s first-ever crowdfunding platform Help.lk is seeking to bring more foreign exchange to the country to support local innovative ventures and charities.

CB opens branch in Kilinochchi

The Central Bank (CB) of Sri Lanka yesterday opened a regional branch office in Ariviyal Nagar, Kilinochchi. The picture shows Resettlement, Reconstruction and Hindu Affairs Minister D.M. Swaminathan (right)...

Indian Trade Fair 2015 opens today

?The ninth Indian Trade Fair will open at 10:00 a.m. today (Thursday. May 7, 2015) at the Sri Lanka Exhibition and Convention Centre (SLECC), Colombo under the distinguished patronage of Acting High Commissioner...

ACFA commends government on 24/7 Customs operations

?The Association of Clearing and Forwarding Agents (ACFA) commended the recent actions initiated by the Government of Sri Lanka (GoSL) on the facilitation provided to importers and exporters, which certainly has a positive impact on trade. 

Baur join forces with Swiss Eyewear Group

?A. Baur & Co. (Pvt.) Ltd, established in 1897, and its sister company Baur Asia Pte. Ltd, Singapore have announced further expansion of their activities in the eyewear branch.

Skilled employee retention still biggest issue for companies

?The secret behind a profit-making business is its highly skilled and capable employees. In the same manner, the secret behind loss-making business is its low skilled and incapable employees.