DVB Expands Lanka Money Transfer Network to over 275 Locations in Five Countries

DFCC Vardhana Bank (DVB) recently expanded its Lanka Money Transfer network to more than 275 locations in five countries.  To facilitate the expansion, DVB partnered with Lulu Exchange and Al Ansari Exchange, two of the biggest exchange houses in the Middle East. The company has also partnered with City Exchange, Islamic Exchange, Al Mirqab Exchange and Al Zaman Exchange. An additional six overseas partners are expected to join the LMT ne

CCC recognizes Coca-Cola Sri Lanka’s sustainability efforts

The Ceylon Chamber of Commerce recently awarded Coca-Cola Sri Lanka two ‘Best Sustainability Project Awards 2014’ at the 11th consecutive Best Corporate Citizen Sustainability Awards event in Colombo.Coca-Cola Sri Lanka won two Certificates of Merit - one for Women Empowerment and one for Water Replenishment.

Blue Water reinstates popular New Year’s Eve dance

Due to requests from regular local and foreign visitors, Blue Water will host their popular 31st night celebrations under the stars after a four year break.Until 2009, the New Year Eve’s dance at the Blue Water was regarded as a fantastic celebration due to the fact that the hotel hosted the party in their spacious garden. After the construction of the state-of-the-art banquet hall in 2010, and due to the existing weather conditions at t

Leo Burnett Sri Lanka Turns Most Awarded Agency

Leo Burnett Solutions Inc. (LBSI) marked yet another milestone in the annals of the Sri Lankan communications industry by winning the most number of awards by a single agency at the Campaign Asia’s prestigious South Asia Agency of the Year Awards 2014.

Hingurana Sugar Factory Gets New Lease Of Life Under New MGT

The revitalized Hingurana Sugar Factory managed under Gal Oya Plantations (Pvt) Ltd, a subsidiary of the LOLC Group has recorded the highest ever sugar production of 19,960 metric ton for the year 2014/15 through successful sugar cane cultivation spanning 3,440 ha of land.

Microsoft Supports ‘Nenasala’ It Education Initiative

César Cernuda, President of Microsoft Asia Pacific, who was on a 2-day official visit to Colombo, met with a number of government officials and the Information and Communication Technology Agency (ICTA) to discuss how the software company can further align with the government’s plan to make the country the IT hub in the region.

Etisalat Lanka targets 200 base stations in 100 days

Etisalat Lanka (Private) Limited sets to complete 200 base stations across the island in just 100 days as a part of its ongoing phase in coverage and capacity expansion. This move is a part of Etisalat’s continuous service excellence commitments to its customers.

Arpico Insurance launches Rs.79.5mn IPO

Arpico Insurance Limited, the Life insurance subsidiary of Richard Pieris & Company PLC, said it was seeking to raise Rs.79.5 million through an Initial Public Offering (IPO), mainly to comply with the regulatory requirements and beef up its capital position.Accordingly, the company plans to offer 6,630,400 ordinary voting shares, representing little more than a 10 percent stake, at an issue price of Rs.12 per share. The net asset value pe

Malaysian Expertise To Upgrade Colombo’s Transportation Infrastructure

Malaysia’s Maju group signed an agreement to transfer technology, experience and expertise related t o public transport infrastructure probono to the Sri Lankan Transport Ministry to create an integrated transportation hub in Colombo.

Fairway Holdings Launches its latest Development - Fairway Galle

Colombo, Sri Lanka - On Saturday the 6th December Fairway Holdings launched ‘Fairway Galle’, its fifth vertical living development project in the heritage city of Galle with a classical music concert by the Chamber Music Society of Colombo at the historic Dutch Reformed Church in Galle Fort followed by the unveiling of the model building at Hotel Tamarind Hill in Dadalle.

Ceylon Chamber Of Commerce Applauds Coca-cola Sri Lanka’s Efforts Towards Sustainability

The Ceylon Chamber of Commerce recently awarded Coca-Cola Sri Lanka two ‘Best Sustainability Project Awards 2014’ at the 11th consecutive Best Corporate Citizen Sustainability Awards event in Colombo. Coca-Cola Sri Lanka won two Certificates of Merit - one for Women Empowerment and one for Water Replenishment. 

Burger King introduces breakfast menu

Sri Lanka’s fast food restaurant Burger King is introducing a breakfast worth waking up for with their new BK Breakfast Menu which promises to break the boring breakfast routine and to make breakfast fun again with tasty and inspired menu choices and the convenience of getting breakfast on the go.

NOLIMIT honoured at SLITAD People Development Awards

NOLIMIT won the Silver Award in first category at the recently concluded SL I TA D People Development Awards 2014 organised by the Sri Lanka Institute of Training & Development for their efforts in prospering its human capital.  

Mihin Lanka holds awards night to mark first year of Seychelles operations

Mihin Lanka, Sri Lanka’s national low-cost carrier, recently celebrated its first year of operations in the Seychelles by hosting an awards night and cocktail event for all key agents. At the event, agents were recognized for their performance and support which contributed to Mihin Lanka’s success in the Seychelles.

CDB awards 58 new scholarships through Sisu Diri

Citizens Development Business Finance (CDB) awarded scholarships to 58 deserving children at the 7th consecutive Sisu Diri scholarship programme held recently at the Tower Hall Theatre.

Seylan opens 50th school library under ‘Seylan Pahasara’ initiative

St. Sebastian’s Navodhya College in Egodawella, Chilaw received a fully-fledged library including multimedia facilities from Seylan Bank, as part of the bank’s ‘Seylan Pahasara’ Corporate Social Responsibility initiative aimed at establishing 100 fully-fledged school libraries by 2016.

Will Privatization Of Plantation Research Management Benefit?

Substantial empirical evidence shows that technology from private research, such as new plant varieties, fertilizers, pesticides, machinery etc has contributed to agricultural development, economic growth, and poverty reduction in developing countries.

AB Securitas wins Merit at National Quality Awards

AB Securitas (Pvt) Ltd, the private security and secure transport service provider in Sri Lanka received the Merit Award for Service Sector (Large Scale) in Sri Lanka, at National Quality Awards 2014 held at BMICH recently.

Abans Posts Rs. 18.8 Bn Revenue In First Half

The leading consumer durables company in the country, Abans has had a strong 2nd quarter, pushed by its electrical and retail businesses during the year, recording a growth of 16 percent over the previous year.

Insurance industry sustains growth momentum in first half

Sri Lanka’s insurance industry continued its growth momentum in the first half of 2014 with industry Gross Written Premium (GWP) growing 3.07 percent year-onyear (yoy) to Rs.49.21 billion, the country’s insurance regulator, Insurance Board of Sri Lanka (IBSL) said.The life insurance GWP during the first half grew 4.57 percent yoy to Rs.20.45 billion while the general insurance GWP rose 2.03 percent yoy to Rs.28.76 billion.

January-October exports top US $ 9.1bn

Sri Lanka’s January – October YoY exports have improved 9 percent while an export product that recently faced volatile EU markets showed a promising turnaround, a statement by Industry and Commerce Ministry said.“For the month of October 2014 alone our provisional exports were at US $ 900 million and this is only merchandise exports without taking into account service exports such as ICT,” Export Development Board CEO/

H’tota Gets Us $ 36mn Residential Project

The ‘New City Apartments’ residential project by Quest Ventures was launched in Hambantota yesterday, by former Malaysian Prime Minister Dr. Mahathir Mohamad.

Fashion Bug brings the coolest deals this festive season

Fashion Bug, one of Sri Lanka’s leading retail fashion stores with over 17 outlets island-wide, brings some of the coolest deals for the entire family to indulge themselves in this festive season. Rolling out its theme for this year ‘You better watch out’, shoppers can enjoy offers, deals and discounts of up to 20% on their favorite selections of both vintage and contemporary styles. 

Prima Sunrise Bread to sponsor Sri Lanka Junior Open Golf Championship 2014

This year’s Sri Lanka Junior Open Golf Championship, sponsored by Prima Sunrise Bread for the seventh consecutive year, will be held from 15 to 17 December at the Royal Colombo Golf Club, morning play. The inaugural Sri Lanka Junior Open was held in 1968 which was won by Miss. Druki Fernando  It is the most prestigious tournament for young golfers in Sri Lanka and over 70 players are expected to battle it out for top honours indicat

CEAT launches ‘Bus Special’ tyres for private buses on Sri Lanka’s roads

CEAT Kelani Holdings, the company that manufactures and caters to more than half of Sri Lanka’s tyre needs, has launched a new bus tyre designed and manufactured for the purpose of supporting initiatives to reduce public transport costs.

AMW launches ‘Api Ekata’ tabloid for tyre industry

Associated Motorways (Private) Limited (AMW), a leading company in Sri Lanka’s corporate sector, is known for innovation. Recently, AMW launched the first-ever tabloid in Sri Lanka which has information with regard to tyre dealers and the industry. The tabloid named ‘Api Ekata’ was launched at Kandy Earl’s Regency Hotel, headed by AMW Director Manufacturing Pushpika Janadheera.

Digital Marketing Boot Camp to kick off this week

Digital Marketing is the way forward for businesses to thrive in the global market, be it small business enterprises or large corporates.Customers of today expect instant information and prefer social media sites and forums to get information regarding products and services. Digital Marketing taps into this modern trend by promoting businesses and services via digital means such as the internet, mobile phones and social media sites. To

Browns marks entry into healthcare biz with soft opening of 70-bed hospital in Ragama

Browns Healthcare, a fullyowned subsidiary of Brown & Company PLC, yesterday announced the soft opening of Browns Hospital Ragama, marking the diversified firm’s entry into the country’s healthcare sector.

First Vietnam Trade Delegation In Town To Bolster Trade Relations

The first Vietnamese trade delegation to the country is currently holding talks with its Sri Lankan counterparts at the Ceylon Chamber of Commerce to further strengthen bilateral trade and investment between the two countries.“The bilateral trade volume has been growing at a remarkable 30 percent annually. This is the highest growth of bilateral trade in South Asia,” Vietnam Ambassador for Sri Lanka Phan Kieu Thu said.

Findmyfare.com Launches a Promotion with Visa to Take E-Commerce to Greater Heights

Sri Lanka’s largest online travel company, findmyfare.com announced a promotion with Visa, the leading global payments technology company which connects consumers, businesses, financial institutions, and governments in more than 200 countries around the world. The tie-up is part of findmyfare.com and Visa’s effort to provide customers with a convenient, fast, secure and simple payment option that encourages customers to embrace the