Oleema Industries wins Flame award

Oleema Industries (Pvt) Ltd, which is the forerunner in the production of safety shoes has won the Excellence Award at Flame - 2016, organized by the Western Provincial Council to recognize the entrepreneurs. The company was awarded under the section safety shoes and leather productions.  President Maithripala Sirisena conferred the award on S.K.Ajith Priyadarshana, the Chairman of Oleema Industries at the Colombo Galleface Hotel recently.&n

HJS Condiments recognized at National Occupational Safety Awards

HJS Condiments of Hayleys Agriculture Holdings clinched the Special Achievement Award on OSH (Occupational Safety and Health) for team effort at the National Occupational Safety and Health Excellence Awards 2016, organized by the Ministry of Labour and Trade Union Relations. Pictured shows Sunil Rajapakshe, Manager, Human Resource and Productivity Improvement, HJS Condiments receiving the award at the prestigious awards ceremony.   

ACL Cables assigned [SL] A+ by ICRA ratings

ACL Cables PLC, the country’s no.1 cable manufacturer recently announced it had been assigned a rating of [SL] A+ stable outlook by ICRA Lanka Limited, subsidiary of ICRA Limited, a group company of Moody’s Investors Service, showcasing its financial strength.

JLanka focuses on urgency of investment in renewable energy

JLanka Technologies, a pioneer in the local renewable energy sector and the leading solar solutions provider in Sri Lanka powered the Green Energy Leaders Forum on global trends in renewable energy investment, held on November 12th, at Waters Edge, Battaramulla. 

Peradeniya University to hold MBA Night 2016

The MBA programme was founded in 1998 by the Postgraduate Institute of Agriculture of University of Peradeniya in collaboration with the University of Stirling, UK, supported by the Higher Education Link Programme of the British Council. 

Sri Lanka–Turkey trade talks resume in Ankara after 26 years

Trade talks between Turkey and Sri Lanka re-opened recently in Ankara-after 26 years, in a bid to enhance bilateral trade. 

National Chamber session to feature Malaysian High Commissioner

The High Commissioner of Malaysia, Wan Zeidi Wan  Adullah will be the special guest  speaker at  a  session on “Bilateral trade between Sri Lanka and  Malaysia ”,  organized by the National Chamber of Commerce of Sri Lanka , on November 24th from 3.00 p.m to 4.30 p.m  at the chamber  Auditorium.

Central Bank Governor to address CIM SL CEO Breakfast Forum

The Chartered Institute of Marketing (CIM) Sri Lanka will be hosting its third CIM CEO’s Breakfast Forum for this year on 16th November at Ramada Colombo, from 7.30 am onwards. 

CT CLSA National budget 2017 highlights

Finance Minister Ravi Karunanayake presented Sri Lanka’s national budget for 2017 in parliament on November 10, 2016.

JAT adds colour to NASCO as sponsor and bags two awards

JAT Holdings stepped in as a sponsor of the National Sales Congress (NASCO) 2016 awards which was held recently at the Water’s Edge.  

MBSL & Finance among Best Employer Brands

Adding yet another unprecedented accolade to its name, the Merchant Bank of Sri Lanka & Finance PLC was recognized as one of the ‘Best Employer Brands in Sri Lanka,’ at the World Human Resource Development Congress, which was organized by the South Asian Partnership Summit  & Business Awards.

Leo Burnett shines at Spikes Asia 2016

Leo Burnett Sri Lanka (LBSL), the local office of the global advertising network Leo Burnett Worldwide, was the only agency from Sri Lanka to earn an accolade at Spikes Asia 2016. 

Abans says first to launch Apple iPhone 7 and iPhone 7 Plus in Sri Lanka

Abans launched the best, most advanced iPhones ever, the Apple iPhone 7 and iPhone 7 Plus, in grand style n 11th November at their Abans Apple iStore Race Course Colombo 07 amongst a large gathering of dignitaries and customers . 

MI Synergy emerges winners at NBQSA again

MI Synergy Pvt Ltd clinched two Bronze Awards for the second consecutive year at the 18th NBQSA ICT Excellence Awards 2016, organized by the Sri Lankan wing of British Computer Society (BCS) with ICTA sponsorship, in E-Government and Services, and General Software categories. 

Microsoft invests in NGOs becoming tech-ready

Microsoft, in collaboration with Sarvodaya Fusion, recently conducted a seminar for local NGOs on the importance of adopting digital technology to improve efficiency and better serve their beneficiaries. 

Exilesoft launches ‘Kids Can Code’ at DevDay SL 2016

As Exilesoft prepares to take on the honour of sponsoring DevDay SL for the fourth consecutive year, the company is pleased to announce that this time will hold a special surprise for all young  computer enthusiasts.  

Huawei market share surpasses 30% in Sri Lanka: GfK Report

Huawei, Sri Lanka’s fastest growing smartphone brand, had increased its market share to over 30 percent in 3Q, according to the market research and user experience research experts GfK report.  Huawei is currently ranked at number two in the smartphone market segment in Sri Lanka.  

Creative Solutions excels at e-Swabhimani 2016

At the e-Swabhimani 2016 held on October 31, Creative Solutions’ nominated products snatched the top prizes in their respective categories.

People’s Bank’s ‘YES’ account recognized with Gold Award

People’s Bank announced that its ‘YES’ Savings Account has been bestowed with the Gold award for ‘Service Brand of the Year’at the SLIM Brand Excellence Awards, held on 8th November at BMICH.  People’s Bank Director Anton Hemantha, Head of Marketing & Research, Deepal Abeysekara, - Deputy General Manager (Process Management and Quality Assurance) Renuka Jayasinghe, Head of Treasury and Investment Banki

NDB group 3Q net slightly up over core banking but 9-month profit falls

The National Development Bank PLC (NDB) group saw its net profits for the quarter ended September 30, 2016 (3Q16) increasing by 4.5 percent to Rs.881.9 million or Rs.5.34 a share from a year ago as net interest income (NII) rose amid margins coming under pressure and slowing growth in loans, the interim results showed. 

Amana Bank September net profit falls over tax provisioning

Amana Bank PLC, Sri Lanka’s first non-interest based Islamic bank, saw its net profit for the quarter ended September 30, 2016 (3Q16) falling by 10.5 percent on year to Rs.45.3 million or 4 cents a share, as the bank shifted from its earlier practice of providing for income taxes at the end of the year to quarterly tax provision, the interim results showed. 

NTB September profit up12% as bank contains margin fall

Nations Trust Bank PLC (NTB), the banking arm of John Keells group, increased its net profit by 12 percent to Rs. 759.8 million or Rs.3.29 a share from a year ago, as the bank was able to contain the squeezing margins while growing its loan book, the interim results filed with the stock exchange showed. 

ACCA Sri Lanka and Lanka BPO Academy team up to foster shared services industry

The Association of Chartered Certified Accountants (ACCA) has launched its Global Business Services (GBS) qualifications, a suite of three qualifications dedicated to finance and accounting in the shared services and GBS sector.

Budget 2017 bound to have mixed effects on inclusive growth

In the background of revenue mobilization constraints and emerging public debt sustainability risks, curtailment of the budget deficit is inevitable.

The Donald who turned America upside down

Many people like me watched the political circus in the US elections on CNN almost daily, purely for entertainment. Even when I got a one second introduction to Trump in July in New York by a former US Treasury Secretary, I did not try hard to even get a selfie with Trump. So, when 70-year-old Donald Trump, the real estate developer and reality TV star, a Republican, who has never held public office, defeated Democrat Hillary Clinton after a puni

Intex South Asia 2016 to showcase over 11 countries’ best of textiles

The aim of the new edition of Intex South Asia, which will take place from November 16 to 18, 2016, at the Sri Lanka Exhibition and Convention Centre, Colombo, is to present and showcase the entire value chain by bringing together the best manufacturers of yarns, apparel fabrics, denims, clothing accessories and allied services.

Central Bank’s autonomy challenged in budget 2017

Ce r t a i n c o n t r o v e r s i a l proposals in the budget 2017 are likely to have massive implications 

Embarkation Levy increased to US $ 50

The 2017 budget has increased the Embarkation Levy to generate greater government revenue at the 

CTC 3Q net profit up 38% to Rs.4.6bn

Ceylon Tobacco Company PLC (CTC), the local unit of British American Tobacco, increased its 

Budget moves hotels out of subsidized corporate tax rate

?By Chandeepa Wettasinghe The Sri Lankan tourism industry was treated to a shock with the recent