Sunday, 14th September 2014

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Business

Sri Lanka will outperform the majority of IT markets in the Asia Pacific (APAC) region as strong income growth and low penetration of PCs, enterprise software and services will combine to boost IT spending growth in Sri Lanka over the medium term, a recent research report by a leading research firm opined. This is according to the Sri Lanka Information Technology

Full Article Sunday, 14 September 2014 00:00

The Secretary to the Treasury and Ministry of Finance and Planning Dr. P.B. Jayasundera says Sri Lanka’s target is to consolidate to lower single digit inflation and bring about an interest rate and exchange rate policy environment around which price stability would become the monetary policy goal. Delivering the 19th Annual Tax Oration of the Institute of Chartered Accountants of Sri Lanka

Full Article Sunday, 14 September 2014 00:00

The bar owners in Kerala state in India will be able to serve liquor till 30 September as the Supreme Court (SC) on Thursday ordered a status quo till then.
An apex court bench of Justice Anil R Dave and Justice UU Lalit asked the Kerala High Court to hear the plea by the bar owners who have challenged the Kerala government notification

Full Article Sunday, 14 September 2014 00:00

Emerging-market investment company LeapFrog Investments, which last week raised US$ 400m for a new fund, 12 months after its US$ 204m first fund closed is likely to benefit Sri Lanka amongst other countries. According to a report by South African based website Business Day, of the new fund, US $100m is allocated to South Africa, where investors in the new fund include some

Full Article Sunday, 14 September 2014 00:00

Sri Lanka’s Hatton National Bank PLC (HNB) on Friday announced it had financed Softlogic Group’s strategic investment in the leading fashion brand ODEL, enabling the conglomerate to further strengthen its presence in the apparel and fashion accessories market.“The funding was provided as part of HNB’s corporate strategy of supporting local corporates and

Full Article Sunday, 14 September 2014 00:00

The Securities and Exchange Commission (SEC) and Colombo Stock Exchange (CSE) hosted “Invest Sri Lanka – Investor Forum” in New York, received an unprecedented response from the Investor Community in New York with over 220 participants attending the Forum and meeting with companies listed on the Colombo Stock Exchange.

Full Article Sunday, 14 September 2014 00:00

According to a recent regional study by MTI Executive Search, Sri Lanka’s specialist head hunter for CEO/senior managerial positions, the country is facing a shortage of CEOs to meet the rapid economic growth it is experiencing.
According to Darshan Singh, MTI’s Regional HR Consultant, “It is not uncommon for fast emerging economies to encounter this syndrome,

Full Article Sunday, 14 September 2014 00:00

Dr. P. S. Srinivas, who heads the World Bank’s Trade and Competitiveness Global Practice in Asia will be a part of the keynote panel of the upcoming ‘National Forum on SME empowerment 2014’.
Dr. Srinivas will speak under the title of, “The role of SMEs in Economic Development: International Experience and Perspective,” at the upcoming forum, which is organized by the Ceylon Chamber of Commerce.

Full Article Sunday, 14 September 2014 00:00

Sri Lanka Foundation (SLF) recently signed a MOU with the National Institute of Exports (NIOE), a unit of the National Chamber of Exporters of Sri Lanka agreeing to hold programs of study in exports and imports management at the SLF. Via the MOU is it expected to contribute towards enhancement of management and operational competencies towards the development and implementation

Full Article Sunday, 14 September 2014 00:00

The newly appointed Chairman/Managing Director of Blue Diamonds Jewellery Worldwide PLC (BLUE), Xia Liqiang says the company has decided to manufacture colored gemstone jewelry for the first time without curtailing itself only to diamond jewelry.Addressing stakeholders at the release of the firm’s Annual Report – 2014, Liqiang,

Full Article Sunday, 14 September 2014 00:00

Wilkins Spence Sri Lanka, a subsidiary of the Wilkins Group UK recently laid the foundation stone for its USD 3 million plus state-of-the-art factory to produce retail packaging solutions. Present at the foundation stone laying ceremony were Group Chairman and MD of The Wilkins Group UK André Wilkins, Group Finance Director Ann Wilkins, Director/Head of Overseas Marketing Wilkins Spence Sri Lanka

Full Article Sunday, 14 September 2014 00:00

The Hotels Association of Sri Lanka (THASL) is calling applications from Sri Lankan hotels to compete in the annual ‘Green Hotels’ competition, organized by the Association to recognize the sustainability practices adopted by those hotel firms. This will be a continuation of a very successful greening hotel award scheme initiated by the EU sponsored Greening Sri Lanka Hotels program, say

Full Article Sunday, 14 September 2014 00:00

ICTA and SLASSCOM will be organizing a Thought Leadership Forum on “The Future Outlook of International Electronic Transactions Law” on Wednesday, September 17, 2014 from 6.00 to 7.30 pm at Dialog Future World Auditorium, Excel World.  This event is free of charge and open to the public (Registration -www.slasscom.lk/events).

Full Article Sunday, 14 September 2014 00:00

“Sri Lanka in Brief 2014” is the latest publication launched by the Ceylon Chamber of Commerce, in a bid to assist the local business community and the ones interested in doing business in Sri Lanka to obtain important information.
Published for the 28th time, the booklet is a handy reference guide and a useful give away to foreign business contacts, who wish to have basic information about Sri Lanka.

Full Article Sunday, 14 September 2014 00:00

The National Mobile Service Provider Mobitel announced that the mobile giant would partner with the National Chamber of Exporters of Sri Lanka (NCE) as the main sponsor of the 22nd Annual National Chamber of Exporters (NCE) Awards, the most prestigious awards event that gives recognition to export oriented companies for their socio-economic contributions to the country. Mobitel has partnered with the

Full Article Sunday, 14 September 2014 00:00

Abans, the sole agent in Sri Lanka for LG Smartphones plans to launch the feature-packed LG G3 Smartphone, the successor to its record selling G2 today at a glittering ceremony. Developed under the “Simple is the New Smart” concept, LG G3 prides itself of being the World’s first QHD 5.5 Display Smartphone and comes with a mart Warranty against damage caused by falling, breaking, cracking or getting wet.

Full Article Sunday, 14 September 2014 00:00

Hotel Sigiriya is proud to be the hub of activity that ensues this time of the year, when hordes of tourists descend on the property to witness an unforgettable spectacle. Named by Lonely Planet as the ‘Sixth Greatest Wildlife Spectacle’ in the world, the Minneriya Elephant Gathering is one of the must-dos while in Sri Lanka. Taking place between the months of August and September, the Gathering is one of the highlights of staying at Hotel Sigiriya.

Full Article Sunday, 14 September 2014 00:00

The Country Music Foundation (CMF), together with Mount Lavinia Hotel, presents the 2014 Country Roads concert for children, to be held at the hotel’s historic Main Ballroom on Sunday, October 5, 2014, from 6.30 p.m. onwards. This concert marks the 21st time Country Roads will be held over its now, 26-year journey, which also further extends its streak as the longest running

Full Article Sunday, 14 September 2014 00:00

Avis, last week announced a new partnership agreement with SriLankan Airlines, the national carrier of Sri Lanka and the newest member of the oneworld alliance. Through the new partnership, the Airline’s frequent flyers, FlySmiLes members will have the opportunity to earn and redeem miles from Avis car rentals. In addition, Avis’ products and services will be marketed to FlySmiles members on

Full Article Sunday, 14 September 2014 00:00

There is nothing like relishing through a meal paired with the finest fizz or bubbly on a mid-Sunday morning to cap off a well spent weekend, just before the start of another hectic week. At Cinnamon Grand Colombo, the choice of celebration is yours to pick. Whether it is the exotic flavors of the Far East you crave for, the sizzling aroma of local seafood curries,

Full Article Sunday, 14 September 2014 00:00

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