ITCONNECT receives BOI status

TCONNECT, an Information Technology service provider in Asia Pacific with staff in offices across Sri Lanka and Australia, United States, China, India and Vietnam was recently awarded BOI status (Board of Investment Certification). ITCONNECT is a leading IT solutions and service provider in Australia coming under the BPOCONNECT group.The objective of ITCONNECT is to create a best-in-class delivery infrastructure to tap into the Sri Lankan tale

Cinnamon Hotels Unfold ‘Christmas In The City’ Initiative

Special Hospitality Desks are now open in all three properties as part of this firstever ‘Cinnamon Christmas in the City’ initiative with a seasonal brochure highlighting all events lined up for the holiday season, catering to both adults and kids alike.In keeping with the Cinnamon promise of lifestyle experiences, special areas have been allocated traditional yuletide specialities such as mince pies, rich cakes, macaroons, honey f

Arpico Insurance in Rs.79.5mn IPO

The Colombo Stock Exchange (CSE) has approved in principle an application by Arpico Insurance Limited to list the company’s shares issued by way of an Initial Public Offer (IPO) on CSE’s secondary Diri Savi board.  

HNB felicitates long-serving employees

Hatton National bank PLC recently felicitated the 18th batch of staff members who have completed 25 years of service.This year too a ceremony was held at the Bank’s Auditorium on a grand scale graced by the Managing Director/CEO, Jonathan Alles, Members of the Corporate Management, the proud recipients of the awards and their family members.

CMA conducts ‘Derivatives and Hedge Accounting’ workshop

A half day workshop on Derivatives and Hedge Accounting was organized by the Institute of Certified Management Accountants of Sri Lanka (CMA) recently at the Distance Learning Centre at SLIDA.

Etisalat Lanka Customer wins brand new Chery Tiggo SUV worth Rs. 4 million

Etisalat Lanka proudly rewarded M. Ishad from Kalapura, Nuwara Eliya, who was selected as the grand prize winner of the ‘Game of Tunes’ promotion with a brand new Chery Tiggo SUV worth Rs. 4 million at a grand ceremony held at their flagship store in Colombo 3 in the presence of popular artist of the Sinhala music scene Bhathiya & Santhush, Nalin Perera and Sangeeth Wijesuriya

Janashakthi wins Silver at SLITAD People’s Development Awards

Janashakthi Insurance PLC won the coveted Silver Award for the second year in a row at the recently held SLITAD People’s Development Awards.This affirmation of its commitment to the training and development of its employees is particularly significant this year as the organization prepares for the splitting of its Life and General Insurance into separate entities, as per industry regulation.

Dilshan Perera wins top award

Dilshan Perera, Head of Marketing at HNB Assurance PLC was awarded the Most Talented Marketing Leaders certificate during the 3rd World Marketing Congress in India in association with the CMO Council USA.

Elders to enjoy lesser prices for supplementary foods

Sri Lanka’s elderly population that is getting squeezed from all fronts is likely to have some ray of hope as the elders can now purchase their supplementary foods or nutritional supplements required to meet their daily nutritional needs at a lesser price than what they were paying before.To this end, Sri Lanka Customs has taken steps to halve the import duty of supplementary foods to 15 percent by creation of the new H.S. Code No. 2106.

NVC Lighting ‘China’s No 1’ Launched in Sri Lanka

NVC lighting, China’s largest lighting manufacturer launched its innovative product line in Sri Lanka last week. NVC is exclusively distributed by Realty Management Services (Pvt) Ltd, (RMS) a wholly owned subsidiary of Overseas Realty (Ceylon) PLC, the largest listed Property Company and the owner, developer and manager of the World Trade Center, Colombo. NVC Lighting comprise of a broad product portfolio ranging from indoor, outdoor an

Fairway SkyGardens welcomes home owners

The newly constructed Fairways SkyGardens was ceremonially handed over to its valued clients yesterday.The 31-storey Fairways SkyGardens is located in scenic Rajagiriya, the fast growing urban residential area in Colombo. It is adjacent to the wetlands and in close proximity to all the conveniences the city offers and is an ideal haven to be away from the hustle and bustle of city life for tranquil living in a peaceful, natural environment.

Viva launches first ginger flavoured malted food drink

Malted food drink brand Viva has reinvented and reignited the category as a thought leader, launching their all new Viva ginger flavour for local consumers.The new Viva ginger flavour combines the goodness of milk and malt together with the comforting taste of ginger, which has been specially tailor made for Sri Lankan palates.Historically, the malted food drink market stuck to traditional malt for decades, leading to consumers experiencing bo

Sony Partners Singer To Sell Full Range Of Consumer And Electronic Products

Japanese electronics giant Sony recently partnered with Singer (Sri Lanka) PLC to distribute its entire range of consumer and electronic products in Sri Lanka at a ceremony held at the BMICH.

Unilever Global CEO lauds Lankan business for long-term growth potential

Unilever CEO Paul Polman who is on a two-day business visit to Sri Lanka has commended the business here for its outstanding performance and potential for long-term profitable and sustainable growth.

HIDA Japan recognizes Premium International for biz excellence

The First Lady of Japan Akia Abe graced this occasion and the event was held under the patronage of the Japanese Ministry of Economy Trade & Industry in Tokyo Japan from the 28th - 30th of October 2014.

Airtel Lanka grabs Gold at People Development Awards 2014

The SLITAD People Development Awards recognizes public and private sector organisations in Sri Lanka, which excel in the field of training and development and best practices in human resource development in the corporate world.Out of all the leading corporate giants in the country that applied for this award, Bharti Airtel Lanka was the youngest organisation and the only telecommunications company to win this prestigious accolade.

LG partners with Google in 10-year patent deal

LG Electronics of Korea has tightened its ties with Google in a patent cross-licensing agreement that is set to last for at least a decade.In a sign that LG and Google are tightening their Android alliance, the two companies have announced a deal to enter into a ‘long-term patent cross-licensing agreement’ covering both existing and future products.

Central Bank’s ‘no retrenchment’ policy complicating consolidation process

The ‘no retrenchment’ policy slapped by Central Bank (CB) on all financial sector institutions in the consolidation programme, has now started to haunt almost all companies in the process of absorbing troubled finance entities.

Arpico Finance gets CSE nod to list shares on Diri Savi

The Colombo Stock Exchange (CSE) has approved in principle an application by Arpico Finance Limited to list the company’s shares issued by way of an Initial Public Offer on the CSE’s secondary Diri Savi board.Arpico Finance Limited is a subsidiary of diversified Richard Pieris group. The life insurance company started its business operations in January 2012.Accordingly, the number of ordinary voting shares to be offered is 6, 630,

Value addition for Amãna Bank Savings Plan from Amãna Takaful

Amãna Bank recently launched a new product titled “Savings Plan” which is unique savings scheme that allows customers to reach a target savings amount by a desired time period. A key feature of the product is the inclusion of a Life and Disability cover provided by Amãna Takaful to match the target savings amount. The benefit is offered to Savings Plan customers free of charge, whereas Amãna Bank absorbs the co

EGB celebrates two years of flying with SriLankan

Sri Lanka’s iconic beverage brand Elephant House Ginger Beer, lovingly referred to as EGB, completed two years as the only local soft drink to be served onboard SriLankan Airlines, the national carrier of Sri Lanka, recently.

Mobitel hosts Jaffna IT Week as exclusive mobile comm. partner

The National Mobile Service Provider Mobitel announced that the company would be the Official Mobile Communications Partner of ‘Jaffna IT Week 2014’, a youth-friendly initiative to boost the IT/BPM sector in the rapidly developing Northern region of Sri Lanka and to encourage further progress in the region.

ASUS launches Fonepad 7 in Sri Lankan market

ASUS, a leader in the new digital era, announced the availability of the Fonepad 7 in Sri Lanka through their partnership with John Keells Office Automation (JKOA) later this month.

Sampath Bank opens newest ATM in Hikkaduwa

The newest ATM of Sampath Bank was ceremonially opened at No: 149, Galle Road, Hikkaduwa by Sampath Bank Chief Manager Operations Maheel Kuragama, recently.

NTB Amex introduces offers for season

American Express (Amex) from Nations Trust Bank (NTB) invites you to enjoy the festive season with an impressive range of privileges and savings. From partnering over 50 l eading retail outlets to enabling you to shop anywhere in the world and convert what you spend into an attractive three-month instalment plan, at no extra charge and with zero interest, American Express truly lives up to its brand promise of being ‘The Card for all Sea

Combank Announces Discounts For Cardholders

Commercial Bank of Ceylon (ComBank) has once again announced a series of attractive discounts for credit and debit cardholders at 44 popular retailers of clothing, lingerie, footwear, jewellery, home appliances and perfumes during the festive season.Discounts of 10 percent to 25 percent will apply on purchases paid for with Commercial Bank credit cards while discounts from 10 percent to 20 percent will be available on debit cards under this pr

Dialog Axiata incorporates investment holding company

Dialog Axiata PLC, the largest mobile services provider in Sri Lanka yesterday announced the incorporation of a wholly owned subsidiary, Digital Holdings Lanka (Pvt) Ltd (DHL).

APRACA Executive Committee Meeting to begin in Colombo next week

The 65th Asia Pacific Rural and Agricultural Credit Association (APRACA) Executive Committee meeting will be held at the Cinnamon Grand Hotel Colombo, from 1st to 3rd December.

Unilever’s Global CEO Paul Polman in town

Unilever Chief Executive Officer, Paul Polman, is in Sri Lanka for a two-day business visit to Unilever Sri Lanka.Accompanying Polman is Executive Vice President - South Asia, and Managing Director and CEO of Hindustan Unilever, Sanjiv Mehta.Unilever Sri Lanka (USL) has been a high performing business and has a rich heritage of over 75 years in the country. USL has registered an exceptionally strong performance so far in 2014. Polman is expect

SAY IT WITH COKE

Sharing moments of happiness and optimism has always been at the heart of The Coca-Cola Company, and now the global Campaign - ‘Say it with Coke’ campaign is bringing a new dimension of fun and expression to Sri Lanka. Through this initiative, Coca-Cola in Sri Lanka is encouraging people across the island to unbottle their sentiments and express themselves. Inspiring youngsters to ‘Open Happiness’, Coca-Cola Sri Lanka w