New students joining CA Sri Lanka surpass 11, 000

Hemas 3Q net down amid capital losses

Hemas Holdings saw its December quarter (3Q15) net profit falling 45 percent year-on-year (yoy) to Rs.268.5 million, amid the absence of one-off gains and losses through divested operations.

NDB to raise Rs.7.5bn via debentures

National Development Bank PLC (NDB) said a resolution was passed by its board of directors to raise Rs.7.5 billion by way of a debenture issue, subject to regulatory approvals.

Huawei Mate7 awarded “Smartphone Best New Arrival”

Huawei’s large screen flagship smartphone, Mate7, was presented with t he “Smartphone Best New Arrival” award at the Eleventh Hurun Best of the Best Awards ceremony in Shanghai.

Intel to acquire Lantiq to advance ‘Connected Home’ concept

Intel Corporation has signed a definitive agreement to acquire Lantiq, a leading supplier of broadband access and home networking technologies.The transaction is subject to customary closing conditions and regulatory approvals.Smart gateways and intelligent access networks are important elements in Intel’s efforts t o make everything smart and connected, best with Intel. This acquisition would expand Intel’s success in the cable resid

Creative Solutions strengthens NetClean partnership

Sri Lankan software company Creative Solutions recently announced it is extending its collaboration with software company NetClean, to fight and put a stop to child sexual abuse material spreading on the Internet.

High-powered Chinese biz delegation to visit Sri Lanka next month

A28-member business delegation from China organised by the Beijing Lansing Century Exhibition Company in association with State-owned Assets Supervision and Administration Commission of Tianjin Municipal People’s Government (TJ-SASAC), Tianjin Commission of Commerce (TCC) and Foreign Affairs Office of Tianjin Municipal People’s Government will be visiting Sri Lanka in March.

Odel Valentine’s shopper wins return air tickets to Paris

A lucky Odel shopper will soon be jetting off to Paris, France with a companion to consummate his good fortune, winning the grand prize in the ‘Odel Objects of Affection’ promotion with which the iconic department store celebrated Valentine’s Day this year.

Multilac goes Green at Architect 2015

Multilac, the innovator and Sri Lanka’s largest paint exporter, will introduce its product innovations to the customers at Members Work and Trade Exhibition of Architect 2015, organised by the Sri Lanka Institute of Architects (SLIA), which will take place from February 19 to 22, at the Bandaranaike International Memorial Conference Hall (BMICH).

Winning The Market Through Employee Training

Human beings can be turned into human capital, which is considered the most valuable capital among other types of capitals such as physical capital and financial capital which business entities possess.

Triumph rewards top performers at 2015 sales conference

The leading lingerie trend setter in Sri Lanka, Triumph International, appreciated the perseverance and dedication of its top performers by recognising and rewarding t heir efforts at the annual sales conference held at Galadari Hotel recently.

Amaya Resorts & Spas win International Hotel Awards

The prestigious International Hotel Awards organization honoured Amaya Resorts & Spas with two 5 star category awards at the awards ceremony held at The London Marriott Hotel, Grosvenor Square, London recently.

Unawatuna beach: A call for action

A year ago, the two kilometer swim to the island reef, directly south from the base of the horse-shoe shaped bay, was through deep water.I swim every day, weather permitting. The azure blue water of the Indian Ocean, sometimes cloudy from the churn of the current, reveals the true extent of the effect of the man-made breakwater. Running long, wide and deep down to the ocean floor, across the western side of the mouth of the bay, its existence has

Hemaka appointed as Sri Lanka Insurance Chairman

Top professional and corporate leader Hemaka Amarasuriya has been appointed as the Chairman of statecontrolled Sri Lanka Insurance Corporation with effect from February 13.

Ceylinco depositors allege Kotelawala trying to hoodwink new government

The Independent Association of Depositors of F&G Real Estate Company Ltd (F&G RECL) and Property Developers (Pvt.) Ltd (PD), both subsidiaries of the Ceylinco group, accused t he group’s past Chairman Lalith Kotelawala of attempting to fool the government and the people in view of the present political climate to take control of the companies once again.

LB Finance Hatton Branch Shifted to a More Convenience Location

Finance Stalwart LB Finance PLC shifted its Hatton Branch to No. 52, Danbar Street, Hatton on 27th of January 2015 for the convenience of customers in the area.

CFW cultivates young design talent through CFW Day and BrightSpark Shows

HSBC Colombo Fashion Week (CFW) hosted by Hilton Colombo nurtures aspiring designers by offering them a unique platform through BrightSpark Shows to showcase their talent during the most coveted fashion event of the year. This year, ten BrightSpark designers have successfully completed an intensive training and mentoring process, the culmination of which will be previewing their collection at CFW Spring/Summer 2015 Show (11th to 14th March).

Amãna Takaful Life Inspires Team to Reach ‘Beyond a Billion’ in 2015

Amãna Takaful (ATL) Life, the flag bearer of the Takaful way of insurance in Sri Lanka recently presented its annual plan to its team members, under the 2015 theme ‘Beyond a Billion – Think. Act. Achieve.’  At the event, team members were presented with the details of the company’s exemplary performance in 2014 and the 2015 strategy for the way forward was unveiled.  The event brought together members from

99X Technology ranked among Asia’s Best Workplaces for 2015

Time and time again, 99X Technology has been recognised and rewarded for its unwavering commitment towards creating a great place to work for its foremost asset – its people, and the company shone once again at the Great Place To Work Asia awards ceremony in Mumbai when it was named a Best Workplace in Asia, becoming the first and only Sri Lankan company to be ranked on this prestigious list.

‘Ride with Style’ kick starts 4th season with mega promo

Brand ‘deedat’ was all out to ‘Ride with Style’ as NOLIMIT’s leading men’s casual wear brand kick started its annual mega promotion in style at NOLIMITImage, Wellawatta recently to reward and recognise their loyal customers.

Grant Advertising duo to represent Sri Lanka at Adfest

At the recently concluded Young Lotus contest organized by the 4A’s of Sri Lanka, Grant McCann Erickson’s Tara Weerasinghe & Sahil Gunesekere came out on top earning the honours of representing Sri Lanka at Adfest, Pattaya Thailand.

Asian Paints to offer preview of new ‘Smart Care’ products

A preview of an exciting new product range soon to be introduced to the local market, will be part of the offering to visitors to the Asian Paints stall at Architect 2015, the annual exhibition of the Sri Lanka Institute of Architects.

Virtusa announces 3Q consolidated financial results

Consulting and IT outsourcing company, Virtusa Corporation reported consolidated financial results for the third quarter fiscal year 2015, ended December 31, 2014.

Aitken Spence IT division secures ISO 27001: 2005 certification

Aitken Spence Information Technology division attained the International Organization for Standardization certification (ISO 27001: 2005), earning the prestigious accreditation after nearly a year of independent, external assessments.

DIMO wins Daimler top accolade – ‘Service Excellence Award 2014’

At the recently concluded Daimler South East Asia - Service Excellence Awards 2014, DIMO accomplished the No. 1 position in the entire South East Asia region for ‘Service Excellence’ in after sales.

Hybrid importers seek further relief with deadline nearing

The collective of individual hybrid importers are still campaigning for further relief for 350 of their peers, as Finance Minister Ravi Karunanayake has placed February 28 as the deadline for clearing cars from port for those who had opened letters of credit prior to the interim budget’s announcement on January 29.“We are requesting to remove to 2/28 clause from the offer, because it’s impractical,” the group’s spoke

NDB 4Q net up over 90% amid lower loan impairments

While increase in core-banking, non-fund based incomes and the better management of operating costs contributed to the better performance, the biggest boost for the profits came from the significantly lower impairments charged against the individual borrowers.

findmyfare.com’s First-Ever ‘Valentine’s Boot Camp’ a Big Hit

Sri Lanka’s largest online travel company, findmyfare.com recently hosted the first-ever ‘Valentine’s Boot Camp’ for couples at the AVANI Kalutara Resort. The exciting and engaging event brought together 10 couples who battled their way through a series of challenging games and activities in order to secure the highly coveted first prize, an all-expense paid luxury trip to the Maldives over the Valentine’s Day weeken

Red Bull Levels: The ultimate test of body and mind

On the southern coast of Sri Lanka, local villagers often fish on stilts by the shore, or to move from one treetop to another while balancing on tight ropes to extract sap that’s made into palm wine, more locally known as toddy. Both traditions have been practiced for decades and require extreme skills. 

Cerebral Palsy Lanka Foundation Hosts Special Wheelchair Donation Camps for Children with Cerebral P

Cerebral Palsy Lanka Foundation (CPLF) the first organization for children with cerebral palsy in Sri Lanka will be hosting a series of special wheelchair donation camps for children affected by the disorder.  The free camps will take place every Sunday starting from 15 February to 19 April 2015 and specially designed wheelchairs will be donated to children suffering from cerebral palsy. The camps are designed to enhance the mobility of affe