Mindshare team wins Sri Lankan media Young Spikes

Out of the 14 teams that vied for the right to represent Sri Lanka at the Young Spikes competitions to be held in Singapore this year Tharanga Rathnasekara and Champika Anuradha from Mindshare will represent Sri Lanka as the winners of the local media competition

Amana Bank - Lead Strategic Partner for IFN Roadshow Sri Lanka

The world renowned Islamic Finance News (IFN) Roadshow will hit the shores of Sri Lanka this September, bringing together the country’s Islamic Finance industry and its key regulatory stakeholders to one forum to discuss the issues, challenges and potential of the industry.

Local footwear producers lobby for import duty increase

Local footwear manufacturers are calling for an import duty increase through the next budget, to safeguard the domestic industry.

AVIVA NDB records LKR 5.8 billion revenue at half year

The financial results of AVIVA NDB Insurance presented for the six months ending 30th June 2012 recorded consolidated revenue amounting to LKR 5,812 million.  This was a decline compared to the corresponding period in the previous year.

Shaw Wallace land sale falls prey to India - China politics

Recent reports about a prime block of land in Colpetty belonging to a listed company in the island being sold off to a Chinese state-owned aviation company, has sparked off controversy, though it’s purely a private deal between the two companies.

Femina Magazine features Avirate on Cover

Avirate a brand that pioneers the fashion industry in Sri Lanka has had the pleasure of their dresses being featured in the Femina Magazine India cover page twice.

Dialog Launches MMS Newspaper Service with Daily Mirror for the First Time in Sri Lanka

Now read local and international news headlines from your mobile device from the comfort of your home or on the go as Sri Lanka’s premier connectivity provider Dialog Axiata PLC is offering its subscribers to catch the daily headlines on the go via MMS Newspaper from The Daily Mirror.

TESS opens canned fish factory in Sri Lanka

Senior Adviser to the President and Minister of Economic Development Basil Rajapaksa, declared open the largest canned fish factory in Sri Lanka, TESS Mackerel Canned Fish of TESS Agro PLC, in Peliyagoda recently.

Largest-ever pharma delegation arriving today

Pharmexcil, India’s powerful promoter of $10 billion pharmaceutical exports, will lead the special Indian pharma delegation arriving in Colombo this morning.

SLIM ties up with Indian School of Business

The Indian School of Business (ISB) and Sri Lanka Institute of Marketing (SLIM) recently signed a Memorandum of Understanding (MoU) in Colombo, to facilitate professional training in Sri Lanka.

Sri Lanka should explore alternative financing models - Howells

The Sri Lankan government needs to explore alternative models of financing in order to sustain its infrastructure development drive according to visiting Director, Global Infrastructure and Project Finance of Fitch Ratings New York, Cynthia Howells.

Unilever Sri Lanka wins Gold at HRM Awards 2012

Unilever Sri Lanka demonstrated its commitment to its employees, emerging one of ten Gold Award winners at the recently concluded HRM Awards organized by the Association of Human Resource Professionals, in collaboration with AonHewitt.

Amex offers 20% savings at Abans showrooms

American Express is offering Cardmembers super savings at all Abans showrooms from 3rd August to 31st October 2012. Simply use your American Express card and receive a 20% savings on a variety of products.

Aviva NDB Only Insurer Among ‘Super 10’ Gold Winners at HRM Awards

AVIVA NDB Insurance was among the “Super 10” Gold Winners at the prestigious HRM Awards held recently.  AVIVA NDB was the only insurer to win the coveted award.

People’s Leasing delays US$ 150mn dollar bond issue

People’s Leasing Company PLC ( PLC), Sri Lanka’s largest lease financier and a unit of state-run People’s Bank (PB), has temporarily put on hold plans to raise USD 150 million from a Euro dollar bond issue.

Ad firm submits bid for US $ 9mn Ceylon Tea brand promotion

Leading global public relations firm Burson-Marsteller has submitted its bid for the marketing of Ceylon Tea to the Sri Lanka Tea Board, according to Senior Advisor to the Global Strategy Team of BursonMarsteller, Martin Roll.

Galadari deep in red with Rs.331mn exchange loss

Galadari Hotels (Lanka) PLC’s net loss widened during the June 2012 quarter as the hotel firm reported a net loss of Rs.323 million against Rs.18 million net loss it incurred in the corresponding period of the previous year.

Global Finance names HSBC Best Consumer Internet Bank

HSBC Sri Lanka has won the Best Consumer Internet Bank by Global Finance for the seventh consecutive year, in its 13th competition of the World’s Best Internet Banks 2012.

20 Winners Enjoy an Unforgettable Tour to Universal Studios - Singapore With KFC & Pepsi

KFC in partnership with Pepsi recently sent 20 Sri Lankans on an all-expenses paid tour to Singapore which included an all access day pass to Universal Studios-Singapore, one of the foremost theme parks in the world.

Amana Bank launches Saturday Banking

Amana Bank has now opened its doors for banking on Saturdays facilitating greater convenience to its valued customers. Speaking on this initiative Amana Bank’s Head of Consumer Banking and Strategic Marketing Mr. Siddeeque Akbar said “We are committed to ensure convenience and peace of mind to our valued customers.

Chevron Lanka June net up 26% to Rs.533 mn

Marketer of Caltex branded lubricants Havoline, Delo and Lanka, Chevron Lubricants Lanka PLC’s net profit for the quarter ended June 30, 2012 rose 26 percent year-on-year (YoY) to Rs.533.2 million, the interim financials submitted to the Colombo Stock Exchange showed.

Aitken Spence unveils country’s first green printing facility

Aitken Spence Printing recently opened Sri Lanka’s first ever eco-friendly green printing facility in Mawaramandiya with an investment of USD 7 million.

Four brokers hail SEC efforts to regulate market

In the backdrop of stockbrokers and several high net worth investors/traders expecting Presidential intervention to unshackle the Colombo bourse from overregulation, a set of stockbrokers have welcomed the Securities and Exchange Commission’s (SEC) efforts in regulating the capital market in the country.

Int’l hotel brand Hyatt Regency enters Sri Lanka

The Hyatt Regency Colombo hotel project was initiated yesterday with an investment of Rs.20 billion after the signing of the BoI agreement granting the new developer, Sinolanka Hotels and Spa (Pvt) Ltd., the necessary approval.

BBDO Lanka employees support ‘Bikes for Life’ initiative

The brainchild of Kumar Sangakkara and The Foundation of Goodness, ‘Bikes for Life’ aims to raise funds to be gifted to children in the North; enabling them to pursue their education and providing them with an opportunity to enhance their quality of life.

HSBC has not yet informed any layoff plan – Labour Commissioner

HSBC has not yet informed the Department of Labour of any plans to downsize its workforce, according to Commissioner General of Labour V.B.P.K. Weerasinghe.

NDBIB creates history at Euromoney Awards

NDB Investment Bank Limited ( NDBIB) was adjudged the ‘ Best Investment Bank in Sri Lanka’ recently at the Awards for Excellence 2012 by Euro money, the world’s premier financial markets magazine.

Havelock City unveils penthouse duplex

Havelock City, the largest condominium development in Sri Lanka has newly fitted out a luxury penthouse duplex. Located on the 21st level and extending two floors up to level 23, these penthouses are unmatchable in terms of the intriguing play of volume.

LOLC secures control of Brown for Rs.1.3 bn

Ishara Nananayakkara led LOLC group plans to consolidate control in Brown & Company PLC (BRWN) through the acquisition of the balance 50 percent in the holding company of BRWN in a 1.3 billion deal, a stock exchange disclosure said.

Milco property to be leased with BOI incentives

The Ministry of Economic Development together with the Board of Investment of Sri Lanka (BOI) is planning to lease a land belonging to Milco Private Limited in Colombo, to be developed as a mixed development project.