Alumex wins Three Prestigious Awards for Its Business Excellence

Alumex PLC won two accolades at the National Business Excellence Awards 2014 held in Colombo last week hosted by the National Chamber of Commerce of Sri Lanka. They won the “Runner - Up” award in the Manufacturing – Engineering sector and “2nd Runner - Up” award in the large business category which is for overall achievement across all the sectors. 

Flora Sponsors ‘Run For Their Lives’ Health Run

As a healthy spread committed towards generating awareness about the importance of healthy living, Flora was recently associated with the ‘Run For Their Lives’ (RFTL) as the Gold sponsor.

Creative Solutions celebrates success and accolades of 2014

Creative Solutions had celebrations at Golden Rose recently to thank the entire team for their diligent contributions and tireless efforts for 2014.This contributed to the company reinforcing its place as a leading software solutions company in Sri Lanka. There was much to rejoice with new customers, team expansions as well as Sri Lanka winning the NOAA outsourcing destination award.“The thorough professionalism of the collective teams h

Google To Take Android One Phones To Bangladesh, Nepal And Sri Lanka

Tech in Asia: With an aim to make smartphones accessible to an estimated 200 million people, Google yesterday announced the sale of Android One phones in Bangladesh, Nepal and Sri Lanka in “the coming weeks”.

Metropolitan Gold sponsor of Unity Plaza IT Shopping Festival

The Metropolitan group, the nation’s technological pioneer with diversified business interests, announced its participation and Gold sponsorship of the eagerly anticipated Unity Plaza IT Shopping Festival 2014, scheduled to take place until December 24, at Unity Plaza MaIl.Held for the second consecutive year, this unique event showcases a range of state-of-the-art IT products including offering consumers a host of major discounts and sp

Laugfs Gas Triumphs At Best Corporate Citizen Sustainability Awards

Laugfs Gas PLC and its fully owned subsidiaries emerged the winner of the ‘Best Corporate Citizen Sustainability Award - Category B (less than Rs. 15 billion turnover), at the 11th Best Corporate Citizen Sustainability Awards 2014 recently.

Does Common Opposition Have What It Takes?

Aprominent economist in his recent weekly column in the Sunday Times newspaper, has observed the following. There has been an economic resurgence since the end of the war in 2009 (7.3 percent growth i n GDP this year). However the following critical issues surface to block development. Foreign indebtedness (see Table 3 below) which had increased substantially. Large public debt component Increased debt servicing costs Large trade deficits Inad

Economic Policies Of ‘Maithri Palanaya’: Hopes And Doubts (Part Ii)

In the first part of t his article, I have discussed the ten key proposals appearing in the section 2 (‘A Developed Economy’) of the recently released election manifesto of the Presidential Candidate of the common opposition, Maithripala Sirisena.

Amãna Takaful Transfers Life Insurance Business To Subsidiary

Amãna Takaful PLC recently announced that the company will be transferring its Life insurance business, Family Takaful to Amãna Takaful Life Limited with effect from 1 January 2015.The separation of Amãna Takaful’s Life and General insurance businesses will enable the company to run the t wo categories of insurance as separate business entities.

Seylan Bank finalises allotment of debentures

Amidst the year-end rush of debenture issues, where six debt issuances were lining up for subscription, aspiring to raise a total value of approximately Rs.12.5 billion, Seylan Bank’s initial tranche of Rs.3 billion, ‘A’-rated, senior, unsecured listed debentures were successfully oversubscribed, receiving Rs.5.134 billion worth of applications.

Janashakthi wins double Gold at NBE awards

Janashakthi Insurance PLC took on the mantle of Industry leadership in a year replete with accolades as it bagged two highly coveted Gold Awards at the National Business Excellence ( NBE) awards conducted by the National Chamber of Commerce of Sri Lanka (NCCSL).Janashakthi was presented the coveted Gold for ‘Business Excellence i n t he Insurance sector’ category recognizing the organisation’s demonstrable excellence in i mpl

Sri Lanka orders 125,000 motorcycles from India’s Bajaj

India’s Bajaj Auto Limited has secured an order of 125,000 Bajaj Discover-125M motorcycles from the Sri Lanka government, which are expected to be provided to government officials at subsidiary prices.

DFCC Vardhana Bank expands its operations in Ibbagamuwa, with the opening of its new branch

DFCC Vardhana Bank (DVB), Sri Lanka’s fastest growing commercial bank, recently expanded its network by opening a new DVB office in Ibbagamuwa, Kurunegala. The ceremonial opening of DVB’s new office took place on Monday 22 December and was attended by Kurunegala District Parliment MP, Minister of Indigenous Medicine Hon. Salinda Dissanayake, Mr. Lakshman Silva, Chief Executive Officer, DFCC Vardhana Bank, along with DVB’s sen

3Q Earnings Up 51% To Rs. 51bn; Banking Sector Leads The Pack

The Colombo Stock Exchange (CSE) listed entities upped their total earnings for the quarter ended September 30, 2014 by as much as 51.3 percent to Rs.51.1 billion from the same quarter in 2013, according to a 3Q earnings update released by an independent research firm.This is an acceleration from a 21.7 percent year-on-year (YoY) earnings increase in the second quarter of 2014, Capital Alliance Securities (Private) Limited’s research uni

Economic Policies Of ‘Maithri Palanaya’: Hopes And Doubts

It is a comprehensive document; in fact, the most extensive opposition elections manifesto for some time. Ranil Wickramasinghe’s 2005 manifesto was not more than 20 pages. Sarath Fonseka’s two-page 2010 manifesto was worse. It hardly had anything on economy. Compared to those, this is far detailed and longer (11 sections and 64 pages). It covers all important areas.

Waters Edge offers ‘family fun’ on New Year ’s Eve

This New Year’s Eve, value for your money is at “Waters Edge” Grand Ball Room. The “Restaurant with a Dance Floor” provides an ideal concept for the whole family to enjoy.

4Ever Skin Naturals launch herbal shampoos

A local beauty brand with global traction 4Ever, glows once again with their latest addition to the already established range of beauty care products. The Hibiscus Conditioning Shampoo and Lunuwila Anti Dandruff Shampoo are specially formulated with solutions to daily hair care issue that the modern consumer experiences.

Lanka Aluminium Receives SLS Certification

Lanka Aluminium Industries PLC, the manufacturer of high quality aluminium extrusions in Sri Lanka was awarded the prestigious SLS certification recently. Lanka Aluminium is the very first aluminium extrusion manufacturer in the country to have received the SLS certification for some of its products. The company is also ISO 9001:2008 certified.

Effective leadership skills will dramatically impact business results

So far in this series of articles, we have reviewed a business model for high-performance, zero-mistakes execution, the HRO. We saw that great leaders make a profound difference in moments of crisis, in periods of intense change, in the early stages of an effort, in reinvigorating an initiative that has stalled. These are moments that call for extraordinary leadership, under what we would call extraordinary circumstances. There is a lot of att

Be a Vigilant Investor

Agentleman was given an application form to apply for a loyalty card at a supermarket. It was a three-page booklet written in small text. He simply didn’t have the time to read all of it and was directed by the salesman to sign it as it entailed general information. He even offered to fill the form on behalf of the gentleman. Having taken the salesman’s words for granted, the gentleman signed on the dotted line.

Airtel Lanka launches ‘Internet Scratch and Win’ promo

Bharti Airtel, a leading global telecommunications services provider with operations in 20 countries across Asia and Africa, recently announced the launch of the ‘Internet Scratch and Win’ promotion in line with the upcoming season.

SLT reaffirms support to CA Sri Lanka with lead sponsorship

The national ICT solutions provider, Sri Lanka Telecom (SLT), has once again reaffirmed its support as a lead sponsor to the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) for 2014/2015. Group CEO of Sri Lanka Telecom PLC, Lalith De Silva stated, “Sri Lanka Telecom has partnered with CA Sri Lanka for several years now since we truly appreciate their commitment and outstanding contribution towards developing the accountanc

NDB Capital Holdings continues growth momentum

NDB Capital Holdings PLC (“NCAP” or “the Company”), continued its growth momentum in the first nine months of 2014 helped by efficient investment management strategies amidst a buoyant stock market and declining interest rates.

Sanasa Bank Broadens Scope To Embrace The Future

Mirror Business met with the senior management of SANASA Development Bank PLC, Nimal C Hapuarachchi, General Manager/Chief Executive Officer, Kumar Mayadunne, Chief Operating Officer who outlined t he Bank’s impressive performance in the recent past, as well as their strategic plans to embrace the future.

Maithri and Ranil to address biz community tomorrow

Common Opposition candidate Maithripala Sirisena will share his vision for a united and prosperous future for Sri Lanka with the business community, at a key forum tomorrow from 10.30 a.m. to 12.30 p.m. at the Cinnamon Lakeside hotel.

Real-Estate Financing Market To be Democratized

Sri Lanka’s small investors will soon be able to invest in large scale real-estate such as office space, shopping malls and apartment complexes through the stock exchange, as the capital market regulator, is currently working with the Colombo Stock Exchange (CSE) to introduce a realestate-based securities product next year.

Srilankan Airlines Takes Delivery Of Second A330-300

Sri Lanka’s national carrier and oneworld member, SriLankan Airlines, continuing its extensive wide-body re-fleeting programme, took delivery of its second Airbus 330-300, yesterday (December 19th).

Prima Kottumee Celebrates Calendar Launch 84 Fashion Show 2015

The official launch of Prima Kottumee calendar for the year 2015 and the gala f.hion show was held on 18. December 2014 at the Stable, Park Street Mews before an exclusive audience of media, f.hion and entertainment industry personalities. Prima Kottumec, a popular brimd which has captured the youth with its characteristic vitality, has, for the 6. con.cutive year, produced an exclusive .ilendar with a special focus on youth and stre.ing

CA Sri Lanka holds inaugural convocation for Chartered Tax Advisors

The inaugural convocation of the Chartered Tax Advisor programme of the Faculty of Taxation of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) was held recently where students who had completed the course were awarded the distinguished Chartered Tax Advisor status.CA Sri Lanka President Arjuna Herath stated that over the years, the CA Sri Lanka Faculty of Taxation has made vast contributions by way of educating professionals

Orange Electric Launches ‘Office Automation 2014’

Orange Electric, a member of the Orel corporation and a company specialising in the manufacture of world class electrical and lighting products, launched “Office automation 2014” last week, where they showcased some of the next generation high quality products manufactured to international standards as well as top end products of partners which would be distributed locally under the Orange banner.