Sri Lanka
  May 17, 2012  12:57:PM

Biz News

»  Intel inspired Ultrabook™ coming soon to Sri Lanka

Intel inspired Ultrabook™ coming soon to Sri Lanka

Intel Sri Lanka ushered in a new category of portable computers, with the announcement of the Ultrabook in the local market. Based on the second generation Intel® Core™ processors, Ultrabooks are set to bridge the gap between processing power and portability, promising to be a game changer in the ever-evolving technology market......

»  Commercial Credit PLC - Platinum Sponsor of ‘Lester James Peries & Sumitra Peries Foundation’

Commercial Credit PLC - Platinum Sponsor of ‘Lester James Peries & Sumitra Peries Foundation’

Commercial Credit PLC recently joined hands with the “Lester James Peries & Sumitra Peries Foundation” as Platinum Sponsor for its activities during 2012/13......

»  Hameedia now dresses third generation grooms

Hameedia now dresses third generation grooms

Sri Lanka’s leading menswear specialist, Hameedia, prides itself in dressing third generation grooms. From the simple tailoring establishment which opened its doors in 1949, Hameedia has evolved over the years to occupy top slot as the country’s most sought after grooming specialist......

»  Expolanka Holdings PLC acquires controlling stake in Akquasun Holidays India for USD 915,000

Expolanka Holdings PLC acquires controlling stake in Akquasun Holidays India for USD 915,000

Expolanka Holdings PLC today acquired the controlling stake in Akquasun Holidays India (Pvt) Ltd - at a cost of USD 915,000, thus further consolidating both its presence and strength in the leisure and travel sectors......

»  ‘LANKAPACK 2012’ packaging expo to complement industry growth with huge international participation

‘LANKAPACK 2012’ packaging expo to complement industry growth with huge international participation

The Sri Lanka Institute of Packaging (SLIP), the key organisation representing the Sri Lankan packaging industry today announced the forthcoming ‘LANKAPACK 2012’ expo which will uncover vast potential of Sri Lanka’s packaging industry and parallely unveil the latest international products......

»  Nestlé increases its milk collection in Sri Lanka and continues to uphold its commitment to develop the local dairy industry

Nestlé increases its milk collection in Sri Lanka and continues to uphold its commitment to develop the local dairy industry

Nestlé Lanka, Sri Lanka’s largest private sector collector of fresh milk announced that it has increased its local fresh milk collection by over 45% (YoY) during the period January to April 2012.......

»  Sri Lankan students to attend Intel International Science and Engineering Fair (Intel ISEF) 2012 in USA

Sri Lankan students to attend Intel International Science and Engineering Fair (Intel ISEF) 2012 in USA

The three winners of the Sri Lanka Science and Engineering Fair (SLSEF) 2011 - Chathura Saman Kumara from Pinnawala Central College, Rambukkana, Maleen Wijeratna from Maliyadeva College, Kurunegala, and a team comprising Pipunika Vimanthi Silva and Nipun Kavishka Silva from, De Mazenod College, Kandana will travel to Pittsburg, PA in the USA.....

»  Fitch Assigns an “A (lka)” Rating – with a Positive Outlook for Sampath Leasing and Factoring Ltd

Fitch Assigns an “A (lka)” Rating – with a Positive Outlook for Sampath Leasing and Factoring Ltd

Fitch Ratings Lanka Limited has assigned an “A (lka)” National Long – term rating with a positive outlook for Sampath Leasing and Factoring Ltd (SLFL), a fully owned subsidiary of Sampath Bank PLC. SLFL is a specialized leasing company, which was established in 2005 to service the SME and retail segments. MORE...

»  Executive Briefing Series on Finance Transformation

Executive Briefing Series on Finance Transformation

The key note address and the panel discussion will focus on the challenges, issues and opportunities in finance transformation through shared services and outsourcing. MORE...

»  DFCC Vardhana Bank records profit increases of 92.5%

DFCC Vardhana Bank records profit increases of 92.5%

DFCC Vardhana Bank’s profit before tax (PBT) amounted to Rs 708.5 million during 2011 recording an increase of 31.5% compared with the PBT of Rs 538.8 million in 2010. The provision for taxation amounted to Rs 177 million. MORE..

»  AeU MBA Graduates excel at the Convocation in Malaysia

AeU MBA Graduates excel at the Convocation in Malaysia

Valedictorian Markandu Sivakumaran was amongst the first batch of Sri Lankan students who graduated with MBAs from the Asia e University (AeU), a dual-mode multinational university established under the Asia Corporation Dialogue.....

»  CDB spreads its wings to Eheliyagoda, Kandana, Marawila and Ragama

CDB spreads its wings to Eheliyagoda, Kandana, Marawila and Ragama

Citizens Development Business Finance PLC. (CDB) recently spread its wings to Eheliyagoda, Kandana, Marawila and Ragama thus taking its product offering to a greater public and parallely consolidating its island wide presence......

»  Subodh Dakwale, new MD at Lanka IOC

Subodh Dakwale, new MD at Lanka IOC

Subodh Dakwale assumes duties on Friday 04 May 2012 as the new Managing Director of Lanka IOC. Dakwale who succeeds Mr. K.R. Suresh Kumar.......

»  Diethelm Travels joins Germany’s FTI Group to launch cruises to Sri Lanka

Diethelm Travels joins Germany’s FTI Group to launch cruises to Sri Lanka

Diethelm Travel Sri Lanka and the FTI Group, one of Germany’s leading tour operators today announced the operation of cruises between Dubai and Colombo calling at Muscat, Mumbai, Goa and Kochi next winter. The FTI BERLIN will thus becomes the first-ever cruise liner of its kind to sail to the Port of Colombo.....

»  Nuwara Eliya’s ‘April Blooms 2012’ dazzles with Lassana Flora patronage

Nuwara Eliya’s ‘April Blooms 2012’ dazzles with Lassana Flora patronage

‘April Blooms 2012’, the annual summer flower show organized by the Nuwara-Eliya Municipal Council this year enjoyed the patronage of Sri Lanka’s leading florists Lassana Flora.......

»  SLAITO commissions ‘Risk Assessment’ of most frequented tourist sites

SLAITO commissions ‘Risk Assessment’ of most frequented tourist sites

The Sri Lanka Association of Inbound Tour Operators (SLAITO) on Monday announced the successful completion of a ‘Safety Assessment’ of the most frequented tourist sites in Sri Lanka.......

»  Seri Naturals (Pvt) Ltd. unveils the Seri Secret

Seri Naturals (Pvt) Ltd. unveils the Seri Secret

Seri Naturals’ new organic bath and beauty products are set to change the face of natural skincare in Sri Lanka. The all new range of face washes, shower gels and moisturizing lotions are natural, plant-based and contain no alcohol, mineral oils or triclosan that can irritate sensitive skin......

»  ‘Extra Crispy, Extra Creamy’ Nestlé KIT KAT Back in Sri Lanka

‘Extra Crispy, Extra Creamy’ Nestlé KIT KAT Back in Sri Lanka

Nestlé’s much loved and internationally acclaimed KIT KAT brand has made its way back to the local market amidst great anticipation from chocolate fans in Sri Lanka, announcing that the world’s favourite Nestlé chocolate now comes to local consumers ‘Extra Crispy, Extra Creamy’......

»  Seylan Bank Q1 profits up by 59%

Seylan Bank Q1 profits up by 59%

Seylan Bank registered yet another impressive quarterly performance reporting a Net Profit-after-Tax of Rs. 406.8 Mn (Group Rs. 412.5 Mn) in Q1 of 2012, as compared with Rs. 256.3 Mn (Group Rs 249.0 Mn) last year. The performance is a 59% and 66% increase in Net Profits for the Bank & Group respectively over the corresponding period last year.....

»  WELOVEIT Studio develops ‘Kana Mutti’ online game promo for Keells Super

WELOVEIT Studio develops ‘Kana Mutti’ online game promo for Keells Super

WELOVEIT Studio, a specialist social media solutions and an innovative design service provider, developed a social media engagement game catering to Keells Super, through Facebook celebrating the Sinhala and Hindu New Year....

»  Empowering the Kings – Certificate in e-Marketing

Empowering the Kings – Certificate in e-Marketing

The Internet is an increasingly important channel for businesses to reach customers and prospects. There has been a tremendous growth in the field of Internet marketing during the recent years with many offline companies taking their business online and thousands of others starting businesses that are completely online....

»  IFC, SANASA Insurance pilot weather index insurance for farmers

IFC, SANASA Insurance pilot weather index insurance for farmers

IFC, a member of the World Bank Group, is working with micro-insurance company SANASA Insurance to develop flexible, affordable, weather-based agricultural insurance products in Sri Lanka to minimize the impact of crop losses due to floods or droughts. MORE..

»  3rd Generation Intel® Core™ Processors bring exciting new experiences and fun to the PC

3rd Generation Intel® Core™ Processors bring exciting new experiences and fun to the PC

Intel Corporation introduced the quad-core 3rd generation Intel® Core™ processor family, delivering dramatic visual and performance computing gains for gamers, media enthusiasts and mainstream users alike......

»  Mongoose Adventures brings SNUBA to Chaaya Blu, Trincomalee

Mongoose Adventures brings SNUBA to Chaaya Blu, Trincomalee

Mongoose Adventures launched an exciting new experience for tourists in the East, with the introduction of SNUBA to Trincomalee. A cross between snorkeling and scuba diving, the sport is an easy and safe way to explore the diverse marine life around the seas off the Eastern coast. MORE..

»  Mohan Pieris PC is new Seylan Bank Chairman

Mohan Pieris PC is new Seylan Bank Chairman

Seylan Bank is pleased to announce the appointment of Mr. Mohan Pieris, President’s Counsel as Director and Chairman of Seylan Bank PLC with effect from 20 April 2012......

»  Geekay (Pvt) Ltd celebrates 60 years delivering revolutionary medical technology solutions to Sri Lanka

Geekay (Pvt) Ltd celebrates 60 years delivering revolutionary medical technology solutions to Sri Lanka

As one of the fastest growing industries around the world, the medical industry is in a state of constant advancement with technological enhancements leading the way. This advancement is not however, limited to medication alone......

»  Heritance Tea Factory only hotel to win a PATA Grand Award in 2012

Heritance Tea Factory only hotel to win a PATA Grand Award in 2012

Heritance Tea Factory will be in the limelight once again at the Pacific Asia Travel Association (PATA) Awards 2012 ceremony, taking place on 21st of April in Kuala Lumpur, Malaysia accepting the Grand Award in the Heritage and Culture category....

»  Glitz celebrates non-stop expansion in business for over a decade

Glitz celebrates non-stop expansion in business for over a decade

Glitz – the fashion destination which offers styles that exudes glamour and sophistication with world-renowned brands celebrates 10 years in business this week and it has been a story of non-stop expansion.......

»  Nestlé ‘Creates Shared Value’ for Kelaniya Maha Vidyalaya

Nestlé ‘Creates Shared Value’ for Kelaniya Maha Vidyalaya

Nestlé Lanka completed its 24th Healthy Kids programme at the Kelaniya Maha Vidyalaya, empowering close to 4,000 children with key nutritional information. The Nestlé Healthy Kids Programme is a global initiative by Nestlé to address significant nutrition issues faced around the world......

»  SLASSCOM and MOTOROLA sponsored Inter University Enterprise Mobility Competition 2012 launched

SLASSCOM and MOTOROLA sponsored Inter University Enterprise Mobility Competition 2012 launched

Motorola Solutions Lanka (Private) Limited - a wholly owned subsidiary of Motorola Solutions Inc of USA together with Sri Lanka Association of Software and Services Companies (SLASSCOM) recently launched their annual Inter-University Enterprise Mobility Development Competition... MORE

»  Elephant House Ice Cream continues to dominate beyond boarders

Elephant House Ice Cream continues to dominate beyond boarders

Serving the nation with pride and pleasure for over decades, Elephant House is the undisputed market leader in the ice cream category and commands unprecedented levels of brand recognition that cut across demographics. MORE...

»  Hutch, Sri Lanka plugs into Flytxt for Customer Experience Enhancement

Hutch, Sri Lanka plugs into Flytxt for Customer Experience Enhancement

Flytxt, the provider of global mobile marketing solutions, made their foray into the Sri Lankan Market with the addition of Hutch, the fastest growing mobile operator in Sri Lanka.......

»  Director Tata Sons R. Gopalakrishnan joins Hemas board

Director Tata Sons R. Gopalakrishnan joins Hemas board

Director, Tata Sons Ltd R. Gopalakrishnan has been appointed as a non-executive Director of the Board of Hemas Holdings PLC.......

»  Kandurata Flexible Nets - now entering the market

Kandurata Flexible Nets - now entering the market

The latest product under the label “Kandurata” which has achieved a high reputation for high standard products for more than 3 decades is their “Flexible Nets” The Kandurata Mosquito net company is introducing this net as a product that is easily collapsible and easy to carry in one’s travelling bag. MORE...

»  Swedish Trading Company launches Volvo S60 and luxury compact XC60 SUV in Sri Lanka

Swedish Trading Company launches Volvo S60 and luxury compact XC60 SUV in Sri Lanka

Swedish Trading Company (Pvt) Ltd. introduced the latest Volvo S60 and XC60 vehicle models in Sri Lanka at a gala event held at the Light House Galley Fort amidst a large corporate gathering. Volvo’s 2012 S60 and XC60 mark the return of power upgrades to the Volvo fold in the local market....

»  Lanka IOC invests USD 11 million in China Bay tank farm during past decade

Lanka IOC invests USD 11 million in China Bay tank farm during past decade

Since taking over operations of the China Bay tank farm ten years ago in 2002, Lanka IOC has made significant investments in developing the tank farm, while ambitious plans are also underway to make Trincomalee an important industrial site......

»  Anchor celebrates 125 years of trusted nutrition with school art competition

Anchor celebrates 125 years of trusted nutrition with school art competition

In celebration of its 125th anniversary, Fonterra’s flagship brand Anchor recently launched an art competition and are already seeing a fantastic response with more than 7,500 entries received from the 20 schools to which the contest has been rolled out as of today......

»  Speaker of Parliament honours Nestlé for strong contribution to economic and social development of the country

Speaker of Parliament honours Nestlé for strong contribution to economic and social development of the country

Hon. Chamal Rajapksa, Speaker of Sri Lankan parliament, awarded Nestlé a medal of appreciation for the company’s contribution to the economic and social development of Sri Lanka - in alignment with ‘Mahinda Chinthana’, the manifesto of His Excellency the President of Sri Lanka.......

»  Seylan Bank celebrates the ‘Aluth Avuruddha’ with winning chances for young and old

Seylan Bank celebrates the ‘Aluth Avuruddha’ with winning chances for young and old

Seylan Bank celebrates the forthcoming Sinhala and Tamil New Year with an exciting promotion and an abundance of gifts on offer to its thousands of customers and non-customers spread across the country......

»  Seylan Bank yields 7,890 winners so far in ‘Thagi Pita Thagi’ draw

Seylan Bank yields 7,890 winners so far in ‘Thagi Pita Thagi’ draw

Seylan Bank has already awarded a total of 7,890 winners in its blockbuster ‘Thagi Pita Thagi’ draw since its grand launch in October last year. Hailing from different parts of Sri Lanka, the lucky customers have won from an array of prizes......

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