Sri Lanka will be able to multiply trade volumes with the rest of the world following its recent entry into the AllWorld Network, which gives visibility to all the growth entrepreneurs of the emerging world, a high-profile event attended by President Mahinda Rajapaksa was told. The AllWorld Network, co-founded by Professor Michael Porter of Harvard Business School,
The Classic Car Club of Ceylon and Land Rover will hold a ‘British Car Day’ next Sunday (March 16) to showcase British cars and motorbikes from the 1930’s all the way up through the years. A 65 car parade will begin from F.R. Senanayake Mawatha at 8am and make it’s way to the Kingsbury Hotel where the public will be able
The Chairperson of Hatton National Bank Dr. Ranee Jayamaha says that despite the economy rebounding in Q3 of 2013 with a lower interest rate structure already in place, and private sector lending showing signs of takeoff, the year 2014 will be viewed as another challenging year.
Lanka Bio Fertilizers (Pvt) Ltd has introduced BioFilm, an environmentally friendly bio fertilizer for tea to the Sri Lankan Market. The fertilizer is said to be 100 percent natural thereby giving hope to Sri Lanka’s chemically destroyed soil.
According to the company, the usage of BioFilm-T in the tea plantation sector will save the country billions in foreign exchange as the
The newly appointed Managing Director of Finlays Colombo Sam Swire says the unprecedented high tea prices will continue to have an effect on its tea business in the coming months whilst they also expect reduced volumes to be shipped to Syria as a result of the ongoing crisis there. Tea is one of Finlays’ core businesses worldwide, the Finlays
SriLankan Airlines will become a full member of oneworld®, offering the alliance’s complete range of services and benefits with effect from Thursday May 1, 2014 as the first carrier from the Indian subcontinent to become part of any global airline groups.The national airline of Sri Lanka received clearance to board oneworld, the world’s leading quality airline alliance,
Wail Salman, with his extensive experience and exposure at Etisalat Lanka and the Etisalat Group Asia cluster, was appointed as Acting Chief Executive Officer of Etisalat Lanka following the retirement of Dumindra Ratnayaka from the post recently.
Salman is a UK graduate having completed all his education in the United Kingdom. Following which, he worked in the UK for a well renowned organization for a period of six years before moving
The bourse started trading for the new week on Monday with negative returns on both indices. Benchmark All Share Price Index dipped 26.30 points (-0.44%) to close at 5,914.01 and the S&P SL20 Index dropped 9.77 points (-0.30%) to close at 3,213.89. Weak investor participation combined with low earnings levels from listed companies drove Monday’s trading to record the lowest year-to-date market turnover of LKR 260mn.
The Chief Executive Officer of Colombo Stock Exchange (CSE) Rajeeva Bandaranaike last week highlighted several misconceptions on the disadvantages of listing on the CSE adding that the move will bring with it a number of benefits, in addition to the raising of capital.
Union Bank of Colombo PLC (UBC) has received a Non-Binding Indicative Term Sheet governing further negotiations on the proposed acquisition of its shares by TPG Asia VI. L.P. The Board of the UBC reiterates that there is no definitive agreement as yet on any final aspects of this proposed transaction. A disclosure filed with the CSE on March 05, 2014.
Franklin Covey South Asia organized a Knowledge Event recently, at the Hilton Residencies, Colombo. This was a half a day session on knowledge sharing of the world renowned Franklin Covey Solutions, its impact on their global clientele, and also the numerous Sri Lankan companies who have directly or indirectly benefited by these solutions.
In its capacity as the country’s sole authority in promulgating accounting and auditing standards, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has embarked on a fresh mission which aims at enhancing the financial structure of over 30,000 Small and Medium Enterprises (SMEs) across the country, which plays a significant role as the backbone of Sri Lanka’s fast
Singer (Sri Lanka) PLC sounded an optimistic note as the 2013 financial year drew to a close, looking ahead to strong medium term growth prospects in spite of a drop in profits in the current year. The Group’s net profit for the year amounted to Rs.519 million, a decline of 58% from the previous year. Company only profits decreased to Rs.299 million.
The Chairman of the Board of Investment, Dr. Lakshman Jayaweera last week said the hub type operations Sri Lanka is currently developing, will benefit considerably from the Free Trade Agreement (FTA) that Sri Lanka will enter into with China in 2014. He says that the industry that is likely to take off thanks to the hub type operation is the manufacture of a
Overseas Realty (Ceylon) PLC recorded steady growth and registered its highest Group Net Profit after tax (excluding fair value gains) of Rs.1,711 million an increase of 89% over the previous year. The Group Revenue grew by 149% to Rs.4,857 million and the Group Net Profit after tax including fair value gains grew by 7% to Rs.2,641 million, this was achieved in
The National Chamber last week announced that the first National Business Excellence Summit 2014 will take place on March 21 and 22, 2014 at BMICH. The Chamber has been actively promoting business excellence among Sri Lanka corporates with a view to guide them towards overall excellence. The role of Excellence Frameworks and Awards are well known particularly in Japan,
The National Mobile Service Provider, Mobitel launched a special hotline and call center solution in collaboration with the National Cancer Control Program (NCCP) of the Ministry of Health to provide free consultation on providing knowledge and awareness on the prevention and control of cancers.
As the premier connectivity service provider, Dialog Axiata PLC, and keeping with its tradition of first in-to the market, will launch a 4G-LTE enabled Dialog Smartphone to its own-brand device range.
The Q143L, the latest addition to the portfolio which is becoming increasingly popular amongst Dialog customers, combines a rich user-experience and offers the best value for customers.
Mihin Lanka, Sri Lanka’s low-cost carrier says it has made rapid progress by its 3rd batch cadets inducted in July 2013. The Airline fulfilled its commitment to clear four Trainee First Officers to fly on line as fully-fledged pilots within a mere six and half months, well ahead of the scheduled eight months. Two more pilots are scheduled to follow suit before end of March 2014.
The Artbox Advertising company started with humble beginnings 20 years back in 1993 and was then known as ‘Impressions Advertising‘ at that time, was located in Dehiwala. It started to grow since, and then was renamed ‘Artbox’ in the year 1997 after four years of operation. Managing Director Ameer Ahamed who instilled a culture that innovated and created visions in advertising,