Textured Jersey and Peradeniya University to develop textiles of the future

Textured Jersey Lanka PLC (TJ), the region’s largest textile manufacturer, signed a Memorandum of Understanding (MoU) with the University of Peradeniya (UoP), with the aim of expanding the smart textile segment of the industry, in collaboration with the university.  

Walker Sons completes work on Kolonna, Balangoda water purification projects

Walker Sons & Company Engineers, a subsidiary of MTD Walkers PLC, recently completed the electro-mechanical work for the water purification projects in Kolonna  and Balangoda. 

David Pieris Motor Company and Assetline Leasing now in Mannar

David Pieris Motor Company Limited (DPMC) and its sister company Assetline Leasing Company Limited opened their latest office in Mannar.

DSI opens 3rd Reebok FitHub Concept Store in Colombo 4

DSI  recently opened yet another FitHub Concept Store on the 5th of March 2016 at Bauddhaloka Mawatha, Colombo 4. This latest retail concept provides shoppers with a truly immersive experience whereby; they can merge their fitness lifestyle with a shopping experience that is of an international standard. 

Raffles Residence launched in Nugegoda

A brand-new two-banquet venue was launched in the heart of Nugegoda on March 27 and is truly a destination for glamorous weddings and events. Featuring two banquet halls with a seating capacity of 300 and 100, Raffles Residence works together with top industry players to provide a service on par with  international standards.

Elephant House Cream Soda celebrates a decade as the people’s choice

Extending an already impressive winning streak, Elephant House Cream Soda has been awarded the unprecedented, 10th consecutive “Beverage Brand of the Year” honour at the recent 2016 People’s Awards, jointly organised by the Sri Lanka Institute of Marketing (SLIM) and The Nielsen Company. Elephant House Cream Soda has essentially dominated this top award since the launch of the People’s Awards in 2006. 

Access Industrial Systems partners with Stratasys India to promote 3D printing in Sri Lanka

Access Industrial Systems, a subsidiary of the Access Group, announced its partnership with Stratasys, India, the 3D printing and additive manufacturing solutions company, to set up a new dimension of 3D printing in Sri Lanka. 

NTB Amex cardmembers to get great offers on Google-powered ‘Avurudu MegaPola’

With the rapid growth of online shopping both globally and in Sri Lanka, Nations Trust Bank (NTB) American Express (Amex) announced its partnership with Google’s ‘Avurudu MegaPola’, as the preferred card.

CSE seeks foreign listings on new dollar-denominated board

The Colombo Stock Exchange (CSE) and the Maldives Stock Exchange (MSE), in association with the Capital Market Development Authority of Maldives (CMDA), acting under the Memorandum of Understanding (MoU) signed between the two exchanges, conducted a roadshow for potential Maldivian issuers and investors.

Escaping the middle-income trap

After a turbulent 2015, China’s major stock exchanges took another hit in January. Chinese authorities have in the past clumsily tried to stop the free fall in markets with various degrees of success. But for China to avoid a middle-income trap and become a high-income country, it will need to develop and trust the markets instead of distorting them with unsustainable growth, just like its Northeast Asian neighbours did.

Kenanga Investment Corporation signs MoU with Maldives Securities Depository Company

A Memorandum of Understanding (MoU) was signed recently between Kenanga Investment Corporation Limited (KICL) and Maldives Securities Depository Company (Pvt.) Ltd (MSD). The MoU was signed by MD/CEO Rohan Senanayake and Director Surath Peiris on behalf of KICL, while MD/CEO Hassan Manik signed on behalf of MSD.

President wishes JayanthiKuru-Utumpala and Johann Peries, the first Sri Lankans to attempt to reach

His Excellency President MaithripalaSirisena, recently met JayanthiKuru-Utumpala and Johann Peries to wish them on their attempt to reach the summit of Mt. Everest. Hon. Ranil Wickremesinghe - Prime Minister and Minister of Sports, DayasiriJayasekara,

Earth Hour 2016 - The Factory Outlet Commits on Change For the Good

On the 19th of March, Earth Hour 2016 was honoured by millions around the world as well as our country. From 8.30pm to 9.30pm, collaborating with the rest of the world, The Factory Outlet

JKOA introduces RISO ComColor printer series to local market

John Keels Office Automation (Pvt) Ltd (JKOA), a fully owned subsidiary within the Information Technology sector of John Keells Holdings PLC and the authorized dealer of RISO printers and copiersin Sri Lanka, has introduced the world renowned RISO ComColorPrinter Series to the market. RISO, the leading global manufacturer of high quality printers, offers high-speed, high-volume smart print solutions. Using distinctive technology, RISO emphasizes

Cinnamon TBC asia: mega destination promotion initiative with national carrier Sri Lankan Airlines

Cinnamon Hotels & Resorts, together with the national carrier Sri Lankan Airlines,is proud to present Cinnamon TBC asia 2016 from 2-7 June 2016;

Leo Burnett only Sri Lankan agency toshine at ADFEST 2016

Leo Burnett Solutions Inc. (LBSI), the local office of the global advertising network Leo Burnett Worldwide recently won two prestigious awards at ADFEST 2016 and emerged as the only agency from Sri Lanka to be recognized at the festival.

Dankotuwa Porcelain celebrates 33rd anniversary

Leading Sri Lankan porcelain manufacturer and exporter Dankotuwa Porcelain yesterday celebrated 33 years of operations.

Dankotuwa Porcelain celebrates 33rd anniversary

Leading Sri Lankan porcelain manufacturer and exporter Dankotuwa Porcelain yesterday celebrated 33 years of operations.

Dialog TV GO- Dialog Television now on every smart phone

Sri Lanka’s premier Digital Pay Television Network Dialog Television, announced a quantum leap in its service offering with the launch of Dialog TV GO- a mobile app which empowers Dialog Television 

Anantaya Chilaw – A luxurious wedding destination

Anantaya Resort and Spa, the luxurious island getaway located along Chilaw’s pristine coast, is now making strides as a popular destination for weddings, attracting guests from around the world

Your entire family can enjoy perks with Pan Asia Salary Saver: DGM Retail Banking & SME

With the New Year bringing in new opportunities, expectations and determinations; Pan Asia Bank recently relaunched ”Pan Asia Salary Saver”, with a host of novel value additions designed to help account holders to maximize the returns on their monthly salary. 

Ceylinco Life declares Rs 2.9 bn as bonuses to policyholders

Policyholders of Ceylinco Life will celebrate more than the Sinhala and Tamil New Year this April, as they are due to receive a mammoth Rs 2.9 billion as bonuses from the life insurance leader. Benefitting more than 300,000 policyholders, this bonus pay-out comprises of annual bonuses and ‘Avurudu Cash’ bonuses, the company announced this week.

Kasun Rajapaksa appointed COYLE Chairman

The Chamber of Young Sri Lankan Entrepreneurs (COYLE) has appointed Kasun Rajapaksa as their new Chairman at the 17th AGM held this month.  

SLT celebrates successful completion of i-Sri Lanka program

Sri Lanka Telecom (SLT), the leading ICT solutions provider in the country celebrated the successful completion of yet another milestone and the official closing ceremony of the company’s i-Sri Lanka program at Waters’ Edge recently. 

A reality check for renewable energy

The clean- and safe-energy revolution is not imminent. In fact, according to the information compiled by ‘Looking Ahead: The 50 Global Trends That Matter’, an annual compendium of data and graphics on subjects ranging from economics to demography to energy, the majority of the planet’s electricity needs will still be fueled by coal and natural gas in 2040, despite strong growth in non-hydro renewables such as wind, solar, and ge

Emirates begins daily A380 service to Birmingham

Emirates’ iconic A380 aircraft touched down in the Midlands on March 27 as the airline commenced its brand-new scheduled A380 service into Birmingham Airport. The 11:35 a.m. touchdown was watched by a crowd of over 1,000 people who gathered at Sheldon County Park to witness the arrival of the world’s largest passenger airliner.

Etihad expands Istanbul services with new Sabiha Gokcen operation for 2016

Etihad Airways, the national airline of the United Arab Emirates, will expand its services to Istanbul during 2016 with a new four times weekly service to Sabiha Gokcen Airport.

Fortinet recognizes top 2015 partners at SAARC Partner Conference

Fortinet, the global leader in high-performance cyber security solutions, conducted its annual SAARC partner conference at Abu Dhabi and recognized top partners for their outstanding achievements in 2015. This year’s SAARC conference was attended by more than 150 partners from the region.

The 7- 10 year overnight success in the 21st century

In the age of digital media, everyone is talking about overnight success as the next big idea. But the reality is such that in the world of start-ups where companies go from being worth next to nothing to billions, there is NO such thing as overnight success. 

NSB reports highest ever PBT of Rs. 13 bn with 24% growth

The National Savings Bank also recorded a 26.2 percent rise in Profit after Tax to reach Rs. 8.7 billion for the year ended 31st December, 2015.