‘Strepsils’ bags Silver for ‘Best New Entrant’ at SLIM Brand Excellence 2010

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Viva energizes largest Cup of Tea

The hottest topic discussed over the weekend was the Guinness World Record broken for the largest cup of tea anywhere in the world.

Mobile phones get recycled

With the mobile population now at about 11 million currently, there are almost one million phone units in existence that are obsolete and could be recycled.

Sri Lanka-Australia-New Zealand Business Council holds 15th AGM

The 15th Annual General Meeting of the Sri Lanka-Australia-New Zealand Business Council of the Ceylon Chamber of Commerce was held on 9 September 2010 at Waters Edge, Battaramulla, with High Commissioner for Australia in Sri Lanka Kathy Klugman gracing the occasion as the Chief Guest.

World famous spin wizard Murali bowls for QNet as brand ambassador

Sri Lanka's world famous cricket spin wizard, Muttiah Muralidaran, was last week ceremoniously unveiled in Singapore as brand ambassador for QNet, the global direct selling company of wellness and lifestyle products.

CDB trading opens

The 39,685,048 shares listed by Citizens Development Business Finance (CDB) Ltd. in the "Diri Savi" Board of the Colombo Stock Exchange (CSE) began trading yesterday. Here the CDB's GM / CEO / Director Mahesh Nanayakkara and other officials of the CDB are seen at the Colombo Stock Exchange as trading opened.

BOI targets larger investments

With the investment portfolio increasing in Sri Lanka, the Board of Investment (BOI) is looking at changing its current incentive resume, a senior official said.

LAUGFS' IPO open for subscription from Oct 14.

LAUGFS Gas Limited (LGL), which began its business in a humble way in 2001 by entering into the LPG gas industry, announced yesterday that the Colombo Stock Exchange (CSE) had approved its application for listing on the Diri Savi Board.

HSBC awarded 'International Brand of the Year' 2010

HSBC Sri Lanka was awarded the prestigious Gold award for 'International Brand of the Year' at the SLIM Brand Excellence awards 2010, held at the Water's Edge on 1 October 2010.

Gulf Air resumes flights to Sri Lanka

Gulf Air, the national carrier of the Kingdom of Bahrain and the carrier with the largest Middle East international network, yesterday touched down once again at Sri Lanka's Bandaranaike International Airport after a lapse of five years, marking a historic re-entry into Sri Lankan skies with five frequencies weekly. 

Janashakthi, only insurance company to clinch most awards in Service Category at SLIM

Janashakthi Insurance Plc last weekend clinched triple honours at the glittering SLIM Awards 2010, thus becoming the only insurance company in Sri Lanka to win the highest number of awards in the Service Category at this event.

Lanka Tiles' profit shatters records

In its recently released Annual Report, Lanka Tiles PLC unveiled results that showed that the Company was in remarkably good financial health.

ICT contributes hugely to Sri Lanka's transformation

ICT Agency of Sri Lanka (ICTA) Chief Operating Officer Reshan Dewapura says that the information and communication technology sector has been and will be a huge contributor in transforming Sri Lanka into a knowledge hub.

Insurance industry progresses in 1H

The Insurance Board of Sri Lanka (IBSL) said yesterday that the industry has progressed well in the first half of this year.

Imperial Tea Exports recognised as the 'Most Outstanding Exporter of the Year'

Emirates Enjoys Royal Moment at Ryder Cup

His Royal Highness, the Prince of Wales, was given a warm Emirates' welcome when he was drawn to some of the airline's activities taking place at the Ryder Cup.

Munchee sweeps top awards at SLIM Brand Excellence Awards 2010

The SLIM Brand Excellence Awards 2010 provided no great surprises this time around, once again crowning Munchee Biscuits as the Brand of the Year with the chief brand of Ceylon Biscuit Ltd (CBL) sweeping up a total of five awards, three of which were the Gold awards in the respective categories.

IFC to step up support for Sri Lanka

Newly appointed IFC Director South Asia Thomas Davenport. Pic by Upul Abayasekera

Stock market turnover tops Rs. 12 b

Though indices declined turnover at the Colombo stock market topped Rs. 12 billion on account of strategic deals involving HNB and Dockyard yesterday.

HELADIV TEAS celebrate 20 years

The HVA Group which was formed in 1990, celebrates 20 years of success this year. It was formed as an offshore arm of the Dutch trading company Hans Veering Amsterdam or the Trading Company of Amsterdam and was established primarily to export tea from Sri Lanka.

ASPI creates history

The Colombo Stock Markets all share price index (ASPI) crossed the 6000 point mark this morning for the first time in it’s history, Stock brokers said. 

Nominations open for e-Swabhimani 2010

Google offers free calls to (US) Gmail users

Samsung launches new Smartphones

Recently Samsung Electronics, a leading mobile phone provider launched two iconic next generation Smartphones, Samsung Wave and Samsung Galaxy S. Speaking at the launch Mr. Shankar Narayan, country manager, Samsung said “consumers today relate to their mobiles as communication hubs, as personal gateways to communicate with friends, family and the world at large.

AAI plans to build airport in Sri Lanka

The Airports Authority of India (AAI) plans to build an airport in Sri Lanka, which could be its first foray into the international market in about 30 years.

PC House IPO oversubscribed

PC House today informed the Colombo Stock Exchange that its Initial Public Offering (IPO) for 57,233,334 shares had been oversubscribed at an issue price of Rs.11

S.L to miss income poverty target

A UN background briefing prepared for the world summit on the Millennium targets at the United Nations in New York scheduled for next month said 11 Asian countries with poverty rates above five percent were "likely to miss the income-poverty target,” these included Bangladesh, Georgia, India, the Philippines, Sri Lanka and Uzbekistan.

Belgium boosts tourism in Lanka

Jetair, one of the leading tour operators in Belgium, has introduced  Sri Lanka as a new winter destination, and will operate weekly charter flights from Brussels to Colombo commencing October 2010. The formal announcement was made at this year's 'Jetair Fly summer road show 2010' held last week at the Event Lounge in Brussels attended by more than 600 travel agents.

Sri Lanka Etisalat to spend US$163mn to expand

Sri Lanka's Etisalat unit said it was spending 163 million US dollars to expand its network into war ravaged north of the country and improve its broadband services in urban areas. The expansion will see 480 new base stations taking the total to 1580, which the firm says will be the largest in the island

Sri Lanka domestic air services chased by 13 firms: official

Thirteen firms that applied to start domestic air services in Sri Lanka after the end of a 30-year war are awaiting the final nod from the island's aviation ministry and the president's office, an official said.