Standard Chartered-sri Lanka Cricket Fundraiser Tomorrow

Standard Chartered and Sri Lanka Cricket will host an exclusive corporate event – a VIP Power Lunch at the R Premadasa Stadium from 11.00 am tomorrow, for cricket enthusiasts among leading business executives. Not only will the event afford an opportunity for mingling with the cricketers but also a special “on the stool” interview will allow som e insights into the strategies a n d personalities of some very talented sportsme

Sri Lankan wins Young Digital Media Professional Award

At the recently concluded World Marketing Congress, held at Taj Land End in Mumbai. Shehan Selvanayagam, the CEO of Loops Solutions received recognition for his efforts in promoting and driving growth in the digital space in Sri Lanka.

BCAS marks 15 years with walk

Private education provider, BCAS which marks 15 years this month, will be hosting a walk organized by the Student Council of BCAS campus on the 29th.The walk is expected to commence from the BCAS Corporate Office (Dharmarama Road) at 9:30am and is expected to end at the parking lot of the BCAS Mount Lavinia Campus by 1pm. The walk will be preceded by a mini carnival with a Dj, games, and refreshments.

Anilana Hotels Rs.767mn rights issue oversubscribed

The Rs.767 million rights issue of Anilana Hotels and Properties PLC was fully subscribed yesterday attracting applications over and above the number offered under the rights, the company said.

Climate change to hit Sri Lanka hard: ADB

Sri Lanka is among the countries expected to be worst affected by climate change, with adverse effects on all sectors of the economy, increasing the country’s vulnerability, threatening its overall growth and development.“Climate change is the biggest threat at global level. It will impact everybody. Although Sri Lanka is a small country, Sri Lankans have to be prepared to face it,” Asian Development Bank (ADB) Vice President

Mega India Trade Fair to foster India-SL bilateral trade

The Mega India Trade Fair, organised by India’s apex 96-year-old Chamber of Chambers, ASSOCHAM was inaugurated by Central Province Governor Tikiri Kobberaduwa and Assistant High Commissioner of India A. Natarajan, at the Kandy City Centre, yesterday.

Cabraal Spells Out 8-point Agenda For Banks

Central Bank Governor Ajith Nivard Cabraal yesterday spelled out an eight-point agenda for the Lankan banking sector to get themselves aligned with the government’s ‘Vision 2020’.The government hopes to achieve the US $ 150 billion economy and gross domestic product (GDP) per capita of US $ 7000+ by 2020. According to Cabraal, the banking sector, which represents 60 percent of the financial system, has a pivotal role to play

Arpico unveils ‘Win the World’ Christmas shopping bonanza

As the world prepares to celebrate the joys of Christmas, the Arpico retail chain is paving way for 25 lucky families to ‘Win the World’ by winning holidays to 15 destinations in North and South America, Europe, Africa and Asia/Australia.Shoppers who make their December purchases at Arpico Supercentres or Arpico ‘Daily’ outlets will be eligible to win these holidays, inclusive of visa, food, accommodation, pocket money

Newest Mcdonald’s Restaurant Opens In Kiribathgoda

Fast food chain McDonald’s opened their newest restaurant in Kiribathgoda recently. It was formally declared open by Economic Development Minister Basil Rajapaksa on November 20th November 2014. Amongst those present at the opening ceremony were members of the parliament, members of the media and directors and staff of Abans Group and McDonald’s.

Lifebuoy receives RSPH accreditation for campaigns

Unilever’s health soap Lifebuoy has become t he first brand t o receive t he Royal Society for Public Health’s (RSPH) newest accreditation status for campaigns.

Hemas Hospitals-Wattala holds ‘Smash Diabetes’ consumer education exhibition

The flagship hospital of the first internationally accredited hospital chain in Sri Lanka, Hemas Hospitals-Wattala, held ‘Smash Diabetes’ consumer education exhibition at the hospital premises, recently to commemorate World Diabetes Day 2014.

SLT empowers Sri Lanka Police

Sri Lanka Telecom (SLT), the nation’s number one ICT solutions provider, together with its mobile arm, Mobitel (Pvt.) Ltd, the national mobile service provider in the country, proudly announced that the group has been entered into a tri-party agreement to provide an exclusive total communication solution to the Sri Lanka Police Department, which heads and monitors social security of the country.

First Capital Holdings honours stakeholders

First Capital Holdings PLC recently hosted an evening of cocktails to celebrate the ongoing success of its partnerships and fete its stakeholders.Speaking at the reception, Executive Chairperson Manjula Mathews reflected on the company’s sustained growth and thanked those present for their continued support.

Hp And Trident Corporation Launch New Officejet Pro Printers

HP Printing and Personal Systems Group and its distributor Trident Corporation announced a series of new HP Officejet Pro inkjet printers designed to simplify printing for small and medium-sized businesses (SMBs) and large-scale enterprises in Sri Lanka.

Mercedes-Benz Rally held to commemorate Berlin Wall anniversary

The Mercedes-Benz Club organised a fun rally, recently to commemorate the 25th anniversary of the fall of the Berlin Wall.The rally started off from the new ‘DIMO 800’ premises and ended up at the Viharamahadevi Park, where the festivities took place at the open air theatre.Mercedes Club Sri Lanka President Upali Kapilasena said, “It was indeed our pleasure to participate at the event organised by the German Embassy to mark t

Sri Lanka, Africa Emerging As Largest Export Markets For Hero Motocorp

EconomicTimes: Sri Lanka and Africa are fast emerging as the largest export markets for Hero MotoCorp, according to the company’s Vice-Chairman and Managing Director, Pawan Munjal.

New appointment to Singer Sri Lanka board

Ajith Paranavitane was appointed to the Board of Singer (Sri Lanka) PLC as an Alternate Director, with effect from November 13, 2014. Paranavitane is also currently responsible for IT operations at Singer Asia and is a Vice President of Singer Asia for Information Services.

Defence Ministry acquires Lanka Cement’s Kankesanthurai plant

Lanka Cement PLC yesterday said its factory premises in Kankesanthurai were acquired by Defence and Urban Development Ministry.A stock exchange filing by the company further said the acquisition included land to the extent of 104 acres and buildings.

Sri Lanka Takes Regional Lead In Financial Inclusion

Sri Lanka has the highest level of financial inclusion in South Asia with easy access to finance, according to a recently published Asian Development Bank Institute (ADBI) working paper.“In South Asia, only 33 percent of adults have an account at a formal financial institution—the second lowest share of the world’s regions, higher only t han Sub-Saharan Africa,” t he paper authored by Dr.Saman Kelegama and Ganga Tilakar

IFN Forum powered by Amãna Bank takes stage for third consecutive year

Malaysia based RedMoney Group in association with Sri Lanka’s Islamic banking pioneer Amãna Bank, hosted the third edition of the Islamic Finance News (IFN) Forum in Sri Lanka recently. The event was held under the patronage of the Governor of the Central Bank of Sri Lanka, Mr Ajith Nivaard Cabraal and was attended by many senior officials from both conventional & Islamic banking sectors, regulatory officials, scholars,

Envoy ‘Concept 2015’ by Fouzul Hameed Takes the Stage by Storm

The Envoy ‘Concept 2015’ show by FH studio recently took the stage by storm for the second consecutive year at Waters Edge. Conceptualized by renowned men’s fashion consultant Fouzul Hameed, Envoy ‘Concept 2015’ took menswear to new heights and received phenomenal reviews from the distinguished guests and iconic figures from the fashion industry who attended the event. All proceeds from the event were direc

DFCC Vardhana Bank PLC Introduces New Remittance service - Lanka Money Transfer

DFCC Vardhana Bank (DVB), Sri Lanka’s fastest growing commercial bank recently launched the Lanka Money Transfer (LMT) service in November 2014.  This new remittance service allows customers to transfer and receive money with ease, using only the banks that they trust.  The LMT service was introduced at an event attended by P. Samarasiri, Deputy Governor, Central Bank of Sri Lanka, Lakshman Silva, CEO, DFCC Vardhana Bank, Arjun

Tiesh at CFW Design Trunk Show

Tiesh will be unveiling its latest collection at the upcoming CFW Design Trunk Show 2014. Over the span of 11 years CFW has played a pivotal role in uplifting Sri Lanka’s design talent and Tiesh is extremely proud to feature an exquisite collection of jewellery at one of CFW’s prestigious fashion events.  . The CFW Design Trunk Show is part of an initiative to promote retail opportunities for designers that participate in Colo

Fonterra clinches top sector honours at Occupational Safety & Health Excellence Awards

Fonterra Brands Sri Lanka has been recognised as best-inclass for occupational health and safety, after being awarded the top honour for the food and beverage sector at the 2014 National Occupational Safety & Health Excellence (NOSHE) Awards.

Singer showcases array of brands at Lifestyle Fiesta 2014

Sri Lanka’s leading consumer durables retailer, Singer, recently capped the country’s largest lifestyle exhibition by announcing record attendance figures for the three-day event at the BMICH.

Virtusa’s “ERA Insight” recognized at NBQSA 2014

Virtusa Corporation (NASDAQ GS: VRTU), the business consulting and IT outsourcing company that combines innovation, technology leadership and industry solutions to transform the customer experience, bagged the Silver award in the General Application category at the National Best Quality ICT Awards ( NBQSA) 2014 held recently.

Computer Society receives huge response to National Schools Software Competition

The National Schools Software Competition (NSSC) –2014 conducted by the Computer Society of Sri Lanka (CSSL) for the 25th consecutive time,encompassing both national and international schools in the country’s nine provinces, has received a tremendous response islandwide.The ceremony to present awards and prizes to the winners of this key event will be held in January 2015, the Computer Society of Sri Lanka announced. This national

Natural Gas Emerges As ‘New Gold’

Natural gas is creating a new reality for economies around the world.Three major developments of the past few years have thrust natural gas into the spotlight: the shale gas revolution in the United States, the reduction in nuclear power supply following the Fukushima disaster in Japan, and geopolitical tensions between Russia and Ukraine.

Hasrath Munasinghe among top 100 marketing leaders

Commercial Bank’s Deputy General Manager Marketing Hasrath Munasinghe has been named one of the ‘100 Most Talented Global Marketing Leaders’ by the Chief Marketing Officer (CMO) Council.This prestigious accolade was presented at the 2014 Global Marketing Excellence Awards of the World Marketing Congress at Taj Land’s End, Mumbai recently.

Hemas’ Marketing Manager wins Brand Leadership Award

Marketing professional Fiona Juriansz Munasinghe of Hemas Manufacturing Pvt Ltd has been awarded the “Brand Leadership Award” by the Chief Marketing Officer (CMO) Council.This accolade was presented at the 2014 Global Marketing Excellence Awards of the World Marketing Congress at Taj Land’s End, Mumbai recently. Fiona Munasinghe was the only Sri Lankan to win an award in this category at this awards ceremony.