Viva launches first ginger flavoured malted food drink

Malted food drink brand Viva has reinvented and reignited the category as a thought leader, launching their all new Viva ginger flavour for local consumers.The new Viva ginger flavour combines the goodness of milk and malt together with the comforting taste of ginger, which has been specially tailor made for Sri Lankan palates.Historically, the malted food drink market stuck to traditional malt for decades, leading to consumers experiencing bo

Sony Partners Singer To Sell Full Range Of Consumer And Electronic Products

Japanese electronics giant Sony recently partnered with Singer (Sri Lanka) PLC to distribute its entire range of consumer and electronic products in Sri Lanka at a ceremony held at the BMICH.

Unilever Global CEO lauds Lankan business for long-term growth potential

Unilever CEO Paul Polman who is on a two-day business visit to Sri Lanka has commended the business here for its outstanding performance and potential for long-term profitable and sustainable growth.

HIDA Japan recognizes Premium International for biz excellence

The First Lady of Japan Akia Abe graced this occasion and the event was held under the patronage of the Japanese Ministry of Economy Trade & Industry in Tokyo Japan from the 28th - 30th of October 2014.

Airtel Lanka grabs Gold at People Development Awards 2014

The SLITAD People Development Awards recognizes public and private sector organisations in Sri Lanka, which excel in the field of training and development and best practices in human resource development in the corporate world.Out of all the leading corporate giants in the country that applied for this award, Bharti Airtel Lanka was the youngest organisation and the only telecommunications company to win this prestigious accolade.

LG partners with Google in 10-year patent deal

LG Electronics of Korea has tightened its ties with Google in a patent cross-licensing agreement that is set to last for at least a decade.In a sign that LG and Google are tightening their Android alliance, the two companies have announced a deal to enter into a ‘long-term patent cross-licensing agreement’ covering both existing and future products.

Central Bank’s ‘no retrenchment’ policy complicating consolidation process

The ‘no retrenchment’ policy slapped by Central Bank (CB) on all financial sector institutions in the consolidation programme, has now started to haunt almost all companies in the process of absorbing troubled finance entities.

Arpico Finance gets CSE nod to list shares on Diri Savi

The Colombo Stock Exchange (CSE) has approved in principle an application by Arpico Finance Limited to list the company’s shares issued by way of an Initial Public Offer on the CSE’s secondary Diri Savi board.Arpico Finance Limited is a subsidiary of diversified Richard Pieris group. The life insurance company started its business operations in January 2012.Accordingly, the number of ordinary voting shares to be offered is 6, 630,

November inflation at 1.5%; deflationary pressure looming?

Sri Lanka’s inflation in November fell for the fourth consecutive month Year-on-Year (YoY) to 1.5 percent from 1.6 percent a month ago, recording the lowest headline inflation seen in five years, according to data released by the Department of Census and Statistics (DCS).With headline inflation reaching near zero levels, Sri Lanka may now have to worry about a looming deflationary economy, similar to now struggling Euro region and Japan

Jkh Set To Draw Record Syndicated Loan

John Keells Holdings PLC (JKH) will be going for a 7-year syndicated loan to the tune US$445 million, the largest ever in the country, to partly finance its US$ 820 million Waterfront Project, according to foreign media reports.“Standard Chartered will be handling the process, and it will be at a LIBOR plus rate. We will get a fine rate,” JKH Deputy Chairman Ajit Gunawardene responding to an inquiry by Mirror Business said.

Value addition for Amãna Bank Savings Plan from Amãna Takaful

Amãna Bank recently launched a new product titled “Savings Plan” which is unique savings scheme that allows customers to reach a target savings amount by a desired time period. A key feature of the product is the inclusion of a Life and Disability cover provided by Amãna Takaful to match the target savings amount. The benefit is offered to Savings Plan customers free of charge, whereas Amãna Bank absorbs the co

EGB celebrates two years of flying with SriLankan

Sri Lanka’s iconic beverage brand Elephant House Ginger Beer, lovingly referred to as EGB, completed two years as the only local soft drink to be served onboard SriLankan Airlines, the national carrier of Sri Lanka, recently.

Mobitel hosts Jaffna IT Week as exclusive mobile comm. partner

The National Mobile Service Provider Mobitel announced that the company would be the Official Mobile Communications Partner of ‘Jaffna IT Week 2014’, a youth-friendly initiative to boost the IT/BPM sector in the rapidly developing Northern region of Sri Lanka and to encourage further progress in the region.

ASUS launches Fonepad 7 in Sri Lankan market

ASUS, a leader in the new digital era, announced the availability of the Fonepad 7 in Sri Lanka through their partnership with John Keells Office Automation (JKOA) later this month.

What Company Culture Is And Why It Matters

Before the Internet age, work was what we did for a living – when a placement occurred, someone was interviewed and hired. There was an employment contract and there were job descriptions and performance reviews so everyone knew where everyone stood. There was no worry about a culture – no one really bothered about one.

Sampath Bank opens newest ATM in Hikkaduwa

The newest ATM of Sampath Bank was ceremonially opened at No: 149, Galle Road, Hikkaduwa by Sampath Bank Chief Manager Operations Maheel Kuragama, recently.

NTB Amex introduces offers for season

American Express (Amex) from Nations Trust Bank (NTB) invites you to enjoy the festive season with an impressive range of privileges and savings. From partnering over 50 l eading retail outlets to enabling you to shop anywhere in the world and convert what you spend into an attractive three-month instalment plan, at no extra charge and with zero interest, American Express truly lives up to its brand promise of being ‘The Card for all Sea

Combank Announces Discounts For Cardholders

Commercial Bank of Ceylon (ComBank) has once again announced a series of attractive discounts for credit and debit cardholders at 44 popular retailers of clothing, lingerie, footwear, jewellery, home appliances and perfumes during the festive season.Discounts of 10 percent to 25 percent will apply on purchases paid for with Commercial Bank credit cards while discounts from 10 percent to 20 percent will be available on debit cards under this pr

Dialog Axiata incorporates investment holding company

Dialog Axiata PLC, the largest mobile services provider in Sri Lanka yesterday announced the incorporation of a wholly owned subsidiary, Digital Holdings Lanka (Pvt) Ltd (DHL).

APRACA Executive Committee Meeting to begin in Colombo next week

The 65th Asia Pacific Rural and Agricultural Credit Association (APRACA) Executive Committee meeting will be held at the Cinnamon Grand Hotel Colombo, from 1st to 3rd December.

Unilever’s Global CEO Paul Polman in town

Unilever Chief Executive Officer, Paul Polman, is in Sri Lanka for a two-day business visit to Unilever Sri Lanka.Accompanying Polman is Executive Vice President - South Asia, and Managing Director and CEO of Hindustan Unilever, Sanjiv Mehta.Unilever Sri Lanka (USL) has been a high performing business and has a rich heritage of over 75 years in the country. USL has registered an exceptionally strong performance so far in 2014. Polman is expect

Experts Urge Lankan Businesses To Restructure For Trade Benefits

The country will not get any trade benefits from the China-Sri Lanka Free Trade Agreement (FTA) if the local industries continue their current modus operandi, was the consensus reached at a recently held forum titled “Doing Business with China: FTA and Beyond Forum,” organized by the Sri Lanka ExportersAssociation and Verité Research.

SAY IT WITH COKE

Sharing moments of happiness and optimism has always been at the heart of The Coca-Cola Company, and now the global Campaign - ‘Say it with Coke’ campaign is bringing a new dimension of fun and expression to Sri Lanka. Through this initiative, Coca-Cola in Sri Lanka is encouraging people across the island to unbottle their sentiments and express themselves. Inspiring youngsters to ‘Open Happiness’, Coca-Cola Sri Lanka w

Land Rover Sponsors First-Ever Design Trunk Show in Sri Lanka

Land Rover, the iconic British motoring brand, has once again partnered with Colombo Fashion Week (CFW) to introduce a unique concept to the shores of Sri Lanka, the first-ever Design Trunk Show.

Nations Trust Bank to conduct digital corporate rally

Nations Trust Bank once again will host its annual corporate event, which this year is a rally, jointly organised with the Colombo Motor Sports Club (CMSC).Nations Corporate Rally 2014 is exclusively for the bank’s corporate clientele and the event promises a fun-filled exciting day. Nations Trust’s annual corporate event is much looked forward t o by t he country’s corporate elite and the rally format is a first for the bank

Fitch rates Siyapatha Finance’s subordinated debt final A-

Fitch Ratings Lanka has assigned Siyapatha Finance Ltd’s (SLFL; A (lka)/ Stable) proposed subordinated redeemable debentures of up to Rs.1 billion a final national long-term rating of ‘A-(lka)’.The assignment of t he final rating follows the receipt of final documents that conform to information previously received. The final rating is at the same level as the expected rating assigned on October 2, 2014.

Emirates special fares from Colombo to 46 cities in Europe, USA

Emirates, a global connector of people and places announced a series of special fares that make travel from Sri Lanka to 46 destinations in Europe and USA significantly more affordable.Covering the 37 European and nine US cities served by the award-winning airline, the fares for Economy Class as well as Business Class travel, will be available for sale until 4th December only, but can be utilised for travel between 5th December 2014 and end Ma

SriLankan wins Gold at “SLITAD People Development” Awards

National carrier, SriLankan Airlines was awarded the prestigious Gold Award for “People Development” at SLITAD Awards Ceremony 2014 organized by Sri Lanka Institute of Training and Development, held at Hotel Galadari recently.

Sri Lanka Insurance Recognizes Top Sales Performers

Sri Lanka Insurance (SLI) awards night - Star Awards 2014 - felicitated the company’s best of the best performing sales personnel, recently.The event was held at the BMICH with the participation of the director board and t he t op management of the company. Finance and Planning Deputy Minister Dr. Sarath Amunugama graced the occasion as the chief guest of the evening.

PLC recognized by Business Today as listed top finance company

People’s Leasing & Finance PLC (PLC), the flagship subsidiary of People’s Bank, retained the ranking amongst ‘Top 25’ listed companies for the second consecutive year with the improvement of four notches from 18th last year to 14th this year at the Business Today Top 25- 2013/14 Awards held at Hilton Colombo, recently.