Aviraté unveils its 2017 spring collection

Aviraté, an international lifestyle fashion brand owned by Timex Garments Pvt Ltd, recently launched its new spring range of relaxed and merged styling for casual and occasion looks.

Dialog’s wOw.lk announces transition of leadership

Digital Commerce Lanka (Pvt.) Limited, a wholly-owned subsidiary of Dialog Axiata PLC and the operator of wOw.lk, Sri Lanka’s largest ecommerce site, recently announced a transition of leadership. 

Virtusa reports 3Q17 consolidated financial results

Virtusa Corporation, a global business consulting and IT outsourcing company that combines innovation, technology leadership and industry solutions to enhance business performance, 

India’s Idea Cellular reports first-ever loss as telco price war rages

REUTERS: Idea Cellular Ltd, India’s third-biggest telecommunications operator, reported its first quarterly loss after a new rival forced carriers to cut prices in the highly competitive market.

Next iPhone may have wireless charging

Variety.com: Apple’s next iPhone models, which the company is expected to introduce in late summer, could come with wireless charging built-in. This is according to a report from KGI Securities analyst Ming-Chi Kuo, which was relayed by MacRumors this week.

JLL Sri Lanka gets new Managing Director

Sri Lanka’s real estate consulting firm, Jones Lang LaSalle (JLL) announced the appointment of Steven Mayes as full-time Managing Directorof its Sri Lanka operations. 

CB says VAT-slapped education pushed core inflation up in January

A one-off effect of the Value Added Tax (VAT) increase on education spending was the main contributor to core inflation in Colombo this January, which should alleviate concerns on sustained high inflation, Central Bank Governor Dr. Indrajit Coomaraswamy said last week.

Sri Lankan rice farmers vow to fight Chinese investors

Thomson Reuters Foundation: Vimalabudhi Thero, head monk at the Beragama village Buddhist temple, is consumed more by worldly concerns than matters of the soul these days.

Release of spare parts under AG’s advice, says Ravi K

Sri Lanka’s Finance Minister has distanced himself from a company that assembles motor vehicles in Sri Lanka saying he has no personal interest in assisting an individual company despite some media reports suggesting otherwise. 

SLPA engineers charge govt. trying to sell state assets for pittance

Sri Lanka’s coalition government is attempting to sell the state resources for a pittance by trying to cover up the true financial viability of such assets under state ownership by repeatedly portraying such assets have led the country into a debt trap, charged a coalition of trade unions consisting of professionals. 

Panama detains Mossack Fonseca founders on corruption charges

REUTERS: The two founders of Panamanian law firm Mossack Fonseca were arrested on Saturday, the attorney general’s office said, after both were indicted on charges of money-laundering in a case allegedly tied to a wide-ranging corruption scandal in Brazil.

ITC weighs hospital foray

The Calcutta-based cigarette-to-hotels conglomerate, which is currently building a luxury hotel in Colombo, will seek the approval of its shareholders to set up multi-specialty hospitals and promote medical tourism, Indian news reports said. 

Odel December profit hurt due to higher admin and finance costs

Sri Lanka’s up market fashion and lifestyle retailer, Odel PLC, saw its bottom line getting dented the most during its December quarter and during the nine months due to higher administrative and finance costs albeit the top-line showing a modest growth, the interim results showed. 

Kalpitiya tourist attraction

A dolphin jumps in front of a tourist boat in the sea in Kalpitiya,  Sri  Lanka on  February 12.  

Nepali billionaire launches journal in Sri Lanka

Nepal’s only Forbes-list billionaire, long-standing investor in Sri Lanka and CG Group Chairman Binod Chaudhary (second from left) last week launched his memoir titled ‘Making it Big’ in Sri Lanka with Prime Minister Ranil Wickremesinghe as the Chief Guest. Here Wickremasinghe poses with the copy of the inspiring life story of Binod. CG Corp Sri Lanka Chairman Tilak De Zoysa and Charge d’ Affairs of Nepal Dhan Kumari Joshi

National Chamber to feature Japanese envoy in ‘Meet the Ambassador’ programme

The Japanese Ambassador to Sri Lanka , Kenichi Suganuma  will be the Special Guest speaker in  ‘Meet the Ambassador’ programme on ‘Bilateral trade between Sri Lanka and Japan’  on February  21st at the National Chamber of Commerce, from 3.00 p.m. to 4.30 p.m. D R Wijewardene Mawatha Colombo  10. 

 High-powered Lankan business delegation visits Thailand

The Sri Lanka–Thailand Business Council visited Thailand from the 1st – 4th of February for B2B meetings and bilateral talks with their Thai counterparts.

Leadership transition in the pipeline at Dialog’s wOw.lk

Digital Commerce Lanka (Pvt) Limited, a wholly owned subsidiary of Dialog Axiata PLC and the operator of wOw.lk, Sri Lanka’s largest ecommerce site recently announced a transition of leadership

Nestlé quality standards recognised by Sri Lanka Standards Institution

Nestlé’s Maggi Coconut Milk Powder, Nespray Nutri-Up and Nescafé Ice Coffee RTD (Ready-To-Drink) were recognised for their high quality standards at the recent SLSI 

Profood, Propack and Ag-biz expo to be held in August

Pro Food and Pro Pack and Agbiz Exhibition, Sri Lanka’s largest food, packaging and agriculture expo will be held from 4th - 6th August  for the 16th consecutive year at the Sirimavo Bandaranaike Memorial Exhibition Hall.

Sri Lanka Standards Institution recognizes Nestlé quality standards

Nestlé’s Maggi Coconut Milk Powder, Nespray Nutri-Up and Nescafé Ice CoffeeRTD (Ready-To-Drink) were recognized for their high quality standards at the recent SLSI (Sri Lanka Standards Institution) Certification Awards. 

Ceylinco Life draws Grand Prize winners at 10th ‘Family Savari’ promotion

‘Oh to be in England’ could be the refrain that some lucky policyholders of Ceylinco Life will soon be singing when they learn that they are the winners of the grand prize in the 10th edition of the life insurance leader’s ‘Family Savari’ mega promotion.

IPM-Salford University inaugurate M.Sc. in HRM and Development

IPM Sri Lanka, the nation’s leader in human resources management, in partnership with the University of Salford’s Salford Business School inaugurated its prestigious and world recognized M.Sc. in Human Resources Management and Development in Sri Lanka recently. 

Cinnamon Grand recognises Stars at 2Q-3Q Associate Meeting

Cinnamon Grand held its quarterly Associates’ Meeting and Awards to recognise the outstanding performers in the hotel’s team for quarter two and three.

Ravindhiran trains Sponge staff

The staff of Sponge Pastry Shop (Pvt.) Ltd was trained for a period of six months by the well-known trainer Maruthai Ravindhiran, who is Visiting Consultant Marketing, Training and Development of Sponge Pastry Shop (Pvt.) Ltd, Colombo 3.

ACL wins double awards at SLIM NASCO 2016

ACL Cables PLC, Sri Lanka’s number one cable manufacturer, clinched two awards at the National Sales Congress (NASCO) organised by Sri Lanka Institute of Marketing (SLIM).

JDS returnees present research findings to higher govt. officials

A special reporting session was held at The Hilton Colombo recently where a total of 15 Japanese Grant Aid for Human Resource Development Scholarship Programme (JDS) fellows presented their master’s thesis findings and action plans, following the completion of their two-year study courses in Japan.

Banks urged to get onboard Fintech platform to be part of ongoing disruption

The financial institutions received a strong push by the leading local software development company hSenid to get onboard the financial technology (Fintech) platform to reap the benefits of the ongoing disruption across all industries.

DFCC Bank continues islandwide expansion

DFCC Bank continued in its efforts to drive the growth of its network reaffirming its commitment towards advancing financial inclusivity, in the month of February. The newest branch was opened in Nawalapitiya recently, located at No: 13B, Urban Council Road.

Siyapatha Finance relocates Negombo branch

Sampath Bank’s largest fully-owned subsidiary, Siyapatha Finance, ceremonially relocated its Negombo branch located at No: 187, Thaladuwa Road, Negombo, to a more convenient fully-fledged branch at No: 287, Main Street, Negombo recently.