Hameedia’s Deputy Managing Director Hussain Sadique wins ‘Retail Leadership Recognition Award’ at As

Continuously setting the benchmark in the men’s fashion industry, Hameedia, Sri Lanka’s leading menswear specialist recently saw  its Deputy Managing Director, Hussain Sadique awarded the ‘Retail Leadership Recognition Award’ at the 11th edition of the Asia Retail Congress 2015. The event took place at the Taj Lands End in Mumbai and was attended by many members of the Indian and international business community. The

Cerebral Palsy Lanka Foundation completes two special wheelchair donation camps in Ambalantota and

Cerebral Palsy Lanka Foundation (CPLF) the first organization for children with cerebral palsy in Sri Lanka has successfully completed two wheelchair donation camps in Ambalantota and Anuradhapura. The free camps will be taking place every Sunday in key locations across Sri Lanka until 19 April 2015. At each camp, specially designed wheelchairs will be donated to children suffering from cerebral palsy, in order to provide them with greater mobili

Quintessentially Lifestyle: The Official Concierge Service of HSBC Colombo Fashion Week 2015

Quintessentially Lifestyle, the award-wining global concierge service strikes yet another first in Sri Lanka, by serving as the official concierge partner for Colombo Fashion Week 2015. Quintessentially Lifestyle’s services have an unrivalled global reach, extending over 70 major cities around the world, and the company also plays an essential role in enhancing and supporting fashion weeks around the world.

Etihad Colombo offers discounted Business, Economy Class fares to over 350 destinations

The Etihad Global Seat Sale is offering discounted fares up to 30 percent to guests travelling from Sri Lanka in Business and Economy Class t o over 350 popular destinations in the UK, Europe, South America, Middle East and Africa in corporation with Etihad Airways equity code share partner airlines across the world.

Emirates brings flavours of Dubai Food Festival to Dubai Airport lounges

In celebration of its strategic partnership of the on-going Dubai Food Festival, Emirates has collaborated with friend of the festival and celebrity chef Silvena Rowe to create a signature menu for its six airport lounges in Dubai. Emirates’ premium customers can experience a customized menu of Chef Silvena’s distinctive modern Emirati cuisine.

Janashakthi powers island wide three wheeler carnival

Janashakthi Insurance has affirmed its commitment towards uplifting the lifestyles of three wheeler drivers, sponsoring a series of three wheeler carnivals.The carnivals, which are organised by Sirasa FM, consist of a day of fun and frolic for three wheeler drivers and their families. The events, which kicked off last October, have already been held in Ratnapura, Kuliyapitiya, Pelawatte, Kandy and Galle, with a further carnival being held in Mona

Keells rewards top sausage marketers

Keells Sausages launched an island wide campaign which turned out to be a success in the trade recently.The campaign ‘Vikunanno Dinanno’ was focused on the successful sales and marketing targets coupled with visibility drive where winners were recognized with grand prizes and many other consolation rewards.

Seylan Twitter page rewards ‘Win for Love’ promo winner

Being in the forefront in the social and digital marketing sphere in the financial services sector in Sri Lanka, the Bank with a heart – continues to reward its Twitter followers and be the most socially engaging bank in Sri Lanka on social media.

Pan Asia Bank Retails Awards Night 2015

On a night filled with glitter and glamour, Pan Asia Bank recently held its Retail Banking Awards ceremony to recognize and reward the outstanding performers in its Retail and SME Banking unit.

Etisalat-SLIM Diploma holders graduate

Etisalat Lanka hosted the convocation for the third batch of Etisalat sales professionals who successfully completed the Diploma in Professional Selling conducted by the Sri Lanka Institute of Marketing (SLIM).

SC rules CIESOT to remain with Ceylinco Insurance

The Supreme Court yesterday ordered the status quo of CIESOT to be restored to the status prior to an interim order delivered on March 10 2014, resulting in the previous board of CIESOT being reappointed.

Top dignitaries to grace market opening

?Tomorrow’s market opening ceremony of the Colombo Stock Exchange (CSE) will see the participation of the Malaysian Prime Ministers’ Special Envoy (Ministerial rank) to India & South Asia on....

Access Engineering enters Djibouti for road and port construction business

Access Engineering PLC has further extended its international presence by opening a branch office in the Free Zone of the Republic of Djibouti to explore possibilities of road and port constructions in Djibouti.

Consumer confidence picks up in 4Q

?Consumer confidence in Sri Lanka has picked up in the 4th quarter of 2014 and January 2015, according the Consumer Confidence Index of The Nielson Company.

Policy rates steady; credit growth spikes

The Central Bank yesterday decided to keep the policy interest rates steady amid surging credit growth and depreciation of the rupee due to higher import demand.

Oman’s S&T Interiors debuts in Sri Lanka with Mövenpick City Hotel

?Services & Trade (S&T), a leading Oman-based interior fit-out and contracting company with operations across 10 countries, debuts in Sri Lanka with the complete interior fit-out works contract for the five-star luxury Mövenpick City Hotel. 

Wasatch ups Peoples Leasing stake?

?US-based Wasatch Funds was believed to have bought 10 million shares of Peoples Leasing & Finance PLC yesterday. The shares were traded in two crossings - 9.2 million shares and 800, 000 shares-each at Rs.25.50.

IPS publishes ‘Repositioning in Global Apparel Value Chain in Post-MFA Era’ case study

?A recent study published by the Institute of Policy Studies of Sri Lanka (IPS), the country’s apex economic policy research think tank, suggests that apparel is a bundle of differentiated products and not a homogenous commodity as commonly assumed by the trade flow modellers. 

Senok Trade Combine partners with Turkish Hidromek

Diversified imports dealer Senok Trade Combine (Pvt.) Ltd recently announced its partnership with Turkish heavy machinery manufacturer Hidromek to sell its motor graders in Sri Lanka.

Loyal ‘Arapaima’ winners rewarded with luxury holiday

?Fulfilling the dreams of spending a fun-filled holiday in a luxury hotel, ‘WIN with Arapaima’ lucky winners officially received their gift vouchers at a well-attended ceremony graced by the winners themselves, the members of their families and the team-Arapaima at Global Towers recently.

Maliban relaunches refined Gold Marie biscuits

?Maliban Biscuit Manufactories (Pvt.) Ltd has announced the refinement of one of its flagship biscuit series, Maliban Gold Marie biscuits. Maliban Gold Marie has now been made milkier than ever to give its connoisseurs a tastier and sweet biscuit. 

Regus Country Manager honoured for Business Leadership

?Regus Sri Lanka Country Manager Dr. Nirmal De Silva received a Merit award for Business Leadership at Australian Alumni Excellence Awards 2015.  The awards ceremony, held for the seventh year, took place at Taj Samudra recently.

Elephant House to continue delighting ‘Battle of the Blues’ fans

?With Sri Lanka’s most famous ‘big match’ only a few short weeks away, fan-favourite Elephant House has once again come on board to partner what is expected to be yet another thrilling ‘Battle of the Blues’ encounter. 

T.C.I. Enterprises relaunches Dow Corning silicone product line-up

T.C.I. Enterprises (Pvt.) Ltd held a relaunch of its line-up of Dow Corning silicone products in Sri Lanka this week, following one and a half years of partnership. “They are the world number one. So far, we have got around US $ 300,000 in revenue from Dow Corning products. 

Hilfiger Collection Fall 2015 an American Love Story

Tommy Hilfiger’s Fall 2015 collection is an American Love Story – fusing iconic styles of the late Sixties and early Seventies with a vibrant game day spirit.

ComBank profits up; records impressive 21% credit growth

?Commercial Bank PLC, Sri Lanka’s largest private bank with an asset base of Rs.797.2 billion, saw its December net profit (4Q14) edging up 2 percent year-on-year (YoY) to Rs.3.39 billion, the interim financial accounts released to the Colombo Stock Exchange showed.

HSBC confirms boss holds Swiss bank account; 2014 profits sink

?AFP: Global bank HSBC, embroiled in a tax-dodging scandal at its Swiss division, said yesterday that Chief Executive Stuart Gulliver held a Swiss bank account as it reported a 15 percent drop in net annual profits.

New tax likely to drive small-scale brewers out of business

The government is attempting to create an oligopolistic market dominated by a handful of companies in alcohol production by implementing the ad-hoc Rs.200 million monthly tax, which will drive small-scale producers out of business, rendering over 4,000 unemployed.

Social market economic model will benefit agriculture sector: Harsha

?The newly adopted social market economic model would be highly beneficial to the agriculture sector, according to Policy Planning and Economic Affairs Deputy Minister Dr. Harsha de Silva.

Small-time vehicle importers write to President seeking relief

Small-time vehicle importers who had opened their Letters of Credit (LCs) prior to the January 29 interim budget have written to President Maithripala Sirisena calling for relief, due to their inability to pay the additional charges ranging between Rs.0.7-1 million brought on by the hybrid tax.