Aitken Spence December quarter net down 19.5%

Blue chip Aitken Spence PLC saw its net profit for the December quarter (3Q15) declining 19.5 percent year-on-year (YoY) to Rs.870 million, amid a fall at the top line level. The earnings per share deteriorated to Rs.2.14 from Rs.2.16. The firm's revenue during the quarter fell to Rs.9 billion from Rs.10.5 billion in the same quarter of the previous year. A drastic cut in expenses on raw material and other consumables used for operations,

Qatar Airways Announces “A World of Fabulous Fares” Global Sale

Qatar Airways has announced its latest global sale– A World of Fabulous Fares offering customers in Sri Lankaup to 35% savingson airfares to a variety of destinations across Europe, the Middle East, Africa, and the Americas

Celebrate Valentine’s Day with wow.lk’s Selfie Competition and Special Offers

wow.lk, the premier e-commerce site in Sri Lanka invites you to join its one-of-a-kind celebration of Valentine’s Day. wow.lk will be conducting a fun selfie competition in the run-up to Valentine’s Day, giving customers the chance to win a one night full board stay including a romantic candlelight dinner at The Eden Resort and Spa operated by Browns Hotels & Resorts.  Additionally a variety of special offers and promotions w

Etihad Airways Organises Charity Visit To Sri Lanka To Support Global Education And Health Intiative

Etihad Airways, the national airline of the United Arab Emirates, has donated more than UAE dirhams 100,000 to underprivileged communities in Sri Lanka. A delegation from Etihad Airways visited Sri Lanka this week to present the donation, raised through a series of charitable initiatives in Abu Dhabi. 

New X-Trail from Nissan exceeds expectations

The latest offering from Nissan Sri Lanka was t he all-new X-Trail, launched at t he Colombo Motor Show 2014. The 2015 X-Trail has already garnered high demand, with several cars being delivered to lucky owners and many more orders for the new SUV already being placed.

British Car Day returns with Classic Car Club and Land Rover

The Classic Car Club of Ceylon and Land Rover will once again present ‘British Car Day’, an event, which showcases British cars and motorbikes from the 1930s all the way up through the years.

S&T joins Hayleys to redefine interior fit-out market in Sri Lanka

Services & Trade Co. LLC (S&T) is a leading interior fitout and contracting company headquartered in Oman with operations across 14 countries.S&T has entered in to an exclusive joint venture agreement with t he Hayleys group to offer a complete range of interior fit-out contracting services in the Sri Lankan market.

Higher vehicle sales brightens Lanka Ashok Leyland’s 3Q

Lanka Ashok Leyland, unit of India’s Ashok Leyland saw its net profit surging to Rs.275.3 million during the quarter ended December 31, 2014 (3Q15) against a net loss of Rs.3.65 million, amid increased revenue from higher vehicle sales.The earnings per share for the quarter improved to Rs.76.04 from a loss per share of Rs.1.01.

CIC Launches Optigard Gel Range – A Novel Solution to Combat Ants and Cockroaches

CIC Crop Solutions’ Lawn and Garden Division, a part of CIC Holdings PLC recently launched Optigard Gels, a consumer friendly pest control solution designed to exterminate ants and cockroaches. Optigard Ant Gel Bait and Optigard Cockroach Gel Bait from Syngenta are available in affordably priced 30g syringes at selected pest controllers. A resource line is available at the CIC head office for more information on both products. The gels act

Raja Bojun offers special Valentine buffet

‘Raja Bojun’ are the pioneers in making truly Sri Lankan authentic dishes that suit the palate of food lovers in the country and around the globe.Raja Bojun restaurant is at Liberty Arcade is a much convenient dining facility that caters the guest who would love to dine in serene environs with the feeling of ‘ stress free out-door dining within’.

’Beauty Central’ opens doors at Asiri Hospital

With a combination of leading consultants in cosmetology and dermatology providing first class aesthetics for discerning patients, ‘The Central Hospital’; the newest addition to the Asiri Group of hospitals, recently opened its doors to their new designated unit dedicated to cosmetic procedures.

Prima Stella brings ‘Champions’ Choice’ with Sanga

Continuing the partnership with Kumar Sangakkara, Prima Stella i nstant noodle offers youngsters a rare chance to be trained under t he expert guidance of the top cricket star.

Closeup brings smiles to lucky couples at bridal fair

All young couples look forward to their wedding day which is seen as the most important day in their lives.Couples visiting the Closeup boothAs a brand close to the young generation, Closeup believes that every wedding day is an occasion when smiles are plenty and every close encounter matters. These moments are to be cherished when captured into a memorable wedding photography album.

Aitken Spence plans right product to boost port capacity

Aitken Spence PLC plans to provide Fiji with the right products to boost capacity.For the last 15 months since it sealed a public-private partnership to manage Fiji’s international ports, the Sri Lankan firm has invested up to US $ 4.7 million.

CLA workshop on ‘new product development’ next week

Colombo Leadership Academy’s (CLA) latest programme ‘Discover winning strategies for new product development’ will be held on 17th February.The programme will empower participants to discover winning strategies for new product development and help ensure your products have a real winning advantage.

Northwood College ends year with ‘ARUNALU’ Concert, Inaugural Prize giving and Christmas carols

The Northwood College ended the year 2014 successfully with the annual ‘ARUNALU’ 2014 concert and an inaugural prize giving.  Amidst  the distinguished gathering which took place recently, S. Dandeniya, the Principal of Musaeus College graced the occasion as the Chief Guest while Guest of Honour, Sumathi Dharmawardene and Rohini Alles were also present together with special invitees, parents, corporate partners and other wel

Switzerland’s Cotecna opens Lankan office

Cotecna Inspection S.A., Geneva, Switzerland, the world leader in quality control launched its new Cotecna Lanka office recently with the patronage of an esteemed gathering of the leading business community in Colombo.

Asian Alliance Insurance launches ‘Digital Academy’

Asian Alliance Insurance, as a part of its corporate responsibility contribution towards the insurance industry and all those who have an interest in the field, recently launched an i nformation platform for i ndustry professionals, a portal linked to the company website titled ‘Asian Alliance Digital Academy’.

Seylan rewards Twitter promo winner

Being in the forefront in the social and digital marketing sphere in the financial sector in Sri Lanka, the Bank with a heart – Seylan Bank not only engages with its customers but rewards them by giving their fans on the social media channels valuable and attractive gifts.

Ceylinco Life opens new Batticaloa branch in own building

Life insurance leader Ceylinco Life has opened its new branch in Batticaloa in a custom-built building on company-owned land, further consolidating its presence in the east of Sri Lanka.

HNB opens ATM at CA Sri Lanka

Hatton National Bank (HNB) recently opened an ATM at the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka).The ATM was opened to enhance the services offered for the benefit of all CA Sri Lanka members, students and staff.

Expolanka 3Q net down 47% amid sell offs

Diversified freight and logistics group Expolanka Holdings PLC saw its December quarter (3Q15) net profit declining by as much as 47 percent year-on-year (YoY) to Rs.362.2 million, amid selling off its non-core business units.

CB Governor expects inflation to drop

Central Bank Governor Arjuna Mahendran expects inflation to come down from this month onwards, despite some speculating the possibility of demand-driven inflation amid state-sector salary increases and other welfare giveaways proposed in t he revised budget.“My expectation is t hat inflation will start to come down from February onwards. The impact of reduction in petroleum products in January and the impact of food prices reduction will ha

WOW.lk Signs up with JKOA as Official Online Partner

Continuously revolutionizing e-commerce innovation in the country, Sri Lanka’s largest  online shopping mall, WOW.lk recently signed up with John Keells Office Automation (Pvt). Ltd. (JKOA) as the company’s online partner. JKOA is a wholly owned subsidiary of John Keells Holdings, Sri Lanka’s largest and most respected conglomerate and this partnership will further add to the advancement of the online retail space in the co

Treat Your Loved One to a Memorable Valentine’s Day with Hameedia

Continuously setting the benchmark in the fashion industry, Hameedia, Sri Lanka’s leading menswear specialist is celebrating Valentine’s Day by providing 30 lucky couples with the chance to attend a special Valentine’s Day dinner dance.  Customers making purchases over Rs. 7500 at any Hameedia, Planet Fashion and Raymond outlets from 1 – 13 February 2015 will be entered into a draw for the grand Valentine’s Day

Ajai V Singh appointed to the Commonwealth Fashion Council

Ajai V Singh, President, Colombo Fashion Week, has been appointed as a founding council member of the Commonwealth Fashion Council based in London. The Commonwealth Fashion Council brings together key leaders from the Commonwealth fashion industries, aiming to empower citizens through creativity, fashion and expression. Singh is among six Asian representatives who have been invited to sit on the council as the founding members. 

Top Lankan-born venture capitalist calls on President

Sri Lankan-born Silicon Valley technologist and ‘Social + Capital’ venture capital firm founder, Chamath Palihapitiya met President Maithripala Sirisena recently to discuss opportunities available here and to play a role in the growth of the country. Palihapitiya was in Sri Lanka on the invitation of State Minister of Defence Ruwan Wijewardena.

CFW Announces Pop Up Store Design Contest

Colombo Fashion Week (CFW) is seeking young, creative and innovative students of architecture to design a unique retail space, which will be displayed at the upcoming Design Trunk Show. This unique showcase provides an innovative retail opportunity for established and up-and-coming Sri Lankan designers and will take place during the CFW Spring/Summer 2015 show at the Hilton Colombo from 11 to 14 March 2015. 

Online category introduced for the first time in Sri Lanka

The SLIM-Nielsen Peoples’ Awards 2015 has taken leaps forward in ensuring that the true voice of the Sri Lankan people is reflected in the recognition of the most appreciated brands and personalities island-wide.

Arpico opens 17th Superstore at Kottawa

The Arpico retail chain in Sri Lanka opened its latest Superstore in Kottawa recently, making it the 17th hypermarket in its portfolio.The new store located at No: 296, High Level Road, Makumbura, Kottawa offers 10,000 square feet of retail space.It was ceremonially declared open by Professor Lakshman R. Watawala, Group Director of Richard Pieris & Company PLC.