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Holcim Lanka Triumphs at SLIM Brand Excellence 2014

Wins prestigious silver accolade as the ‘Turnaround Brand of the Year’ Oct. 23, 2014 (LBT) - Outperforming several high profile brands hailing from several different sectors and further cementing its place as one of the leading brands in Sri Lanka, Holcim (Lanka) secured the prestigious Silver Award as the Turnaround Brand ... Read more

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4Ever Skin Naturals Prove Brand Excellence

Oct. 23, 2014 (LBT) - The 13th SLIM Brand Excellence awards held at the BMICH crowned a truly home grown, community conscious brand, with the bronze award for Brand of the Year for the SME sector. 4Ever Skin Naturals glowed radiantly at the awards show, when the distinguished panel of ... Read more

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Singer gives top 10 Gr. 5 Scholars X Series laptops

Oct. 23, 2014 (LBT) - Singer (Sri Lanka), the country’s number one consumer durables retailer, recently gave away Singer X Series notebooks to each of the top 10 Grade 5 scholarship winners. The prize-giving was organized by the Sri Lanka Rupavahini Corporation (SLRC) in order to celebrate the achievements of ... Read more

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TBWA\Sri Lanka shines @ Spikes Asia 2014

Oct. 22, 2014 (LBT) - At the recently concluded Spikes Asia Festival of Creativity, TBWA\Sri Lanka walked away with 3 metals and a finalist accolade.  The recognition came with a Silver Spike in the Design category for the Vesak Print Ad – “Space to Pray” for AIA Insurance and 2 ... Read more

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Sampath Bank ranked 'Best Retail', 'Best Commercial'

Oct. 22, 2014 (LBT) - Sampath Bank was recently feted as the ‘Best Commercial Bank’ and the ‘Best Retail Bank’ in Sri Lanka by the critically acclaimed UK based World Finance Magazine. The awards recognize excellence achieved by banks against several criteria, including; overall performance, financial ratios, variety and clarity ... Read more

Business | Hits: 334 | Comments

Two new office automation solutions by Gestetner

Oct. 22, 2014 (LBT) - Global technological advancement continues to drive the world to new heights. Gestetner of Ceylon Plc., adopted these global trend changes time to time and transformed it to fit the SL market innovatively. This is one of the very reasons how they sustained their business well ... Read more

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Alliance Finance with 12 schools in its Green Pledge

Oct. 22, 2014 (LBT) - Alliance Finance has led the way on corporate initiatives to care for the environment with its Green Pledge. With its focus on the three Ps - People, Planet, Profit - it became the first triple bottom line focused company in the financial services sector in ... Read more

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Demak expands to North with Jaffna Mega Center

Oct. 22, 2014 (LBT) - Demak Sales & Services Lanka (Pvt) Ltd’s Jaffna Mega Center was declared open by Ratnalingam Jeyasekaran, President, Chamber of Commerce, Jaffna recently. Demak customers in the region can now purchase all 7 models of the Demak range – DZM 200, DTM 150, D-tour, Rino S ... Read more

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SATL holds CIO Weekend Forum at Centara Ceysands

Oct. 22, 2014 (LBT) - South Asian Technologies Pvt Ltd (SATL), Sri Lanka’s leading IT solutions provider, recently held its much looked forward to annual CIO Weekend Forum at Centara Ceysands, Aluthgama. Nearly 60 Chief Information Officers and Heads of IT from leading corporates including the Telco, BFSI and the IT ... Read more

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Micromax brings Android phones for SL market

Oct. 22, 2014 (LBT) - Micromax, India’s largest mobile handset company and among the highest monthly mobile selling brand in Sri Lanka recently introduced a wide range of new, innovative and affordable Android smartphones to the local market. Upping the ante in the smartphone sector, the new range of smartphones are ... Read more

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Purpose-built Campus launched by Nawaloka

Oct. 21, 2014 (LBT) - One of Sri Lanka's most highly diversified conglomerates, Nawaloka Holdings further cemented its presence within Sri Lanka's higher education sphere, launching the Nawaloka College of Higher Studies (NCHS) campus in Colombo 3. The exclusive collaboration between NCHS and Swinburne University of Technology has paved the way ... Read more

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Security firms integral part of economic development

Oct. 21, 2014 (LBT) - “The private security companies of this country are important stakeholders and an integral element in the ongoing nation building exercise and as such the CEOs of these organizations bear a vital role of accountability and responsibility in reaching the country’s development goals,” said Major Tissa ... Read more

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Piramal Glass first half year PAT Rs. 170 million

Oct. 21, 2014 (LBT) - Piramal Glass Ceylon PLC (PGC) has announced its 1st half year results for the Financial Year 2014-15 with a marginal 3% growth in turnover from Rs. 2,476 million in FY14 to Rs. 2,558 in FY15 with a PAT of Rs. 170 million as compared to ... Read more

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Ceylon Chamber to conduct seminar on Budget 2015

Oct. 21, 2014 (LBT) - The Ceylon Chamber of Commerce will hold a post budget seminar on October 30 to discuss the ‘National Budget of 2015’, which will be presented in Parliament on October 24. As customary every year, The Chamber will line up top government officials, senior tax consultants and ... Read more

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Hublot-Ferrari unveil Big Bang Ferrari 2014 watches

Oct. 20, 2014 (LBT) - Another fantastic and successful second year of collaboration between Ferrari and Hublot came to an end. After the two first Big Bang Titanium and Big Bang Magic Gold launched in 2012 (the first ever scratch-resistant 18-carat gold invented by Hublot), the famous MP-05 LaFerrari which ... Read more

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Mobil Powers Colombo Motor Show 2014

Oct. 20, 2014 (LBT) - McLarens Lubricants Limited, sole distributor for ExxonMobil in Sri Lanka, partnered the Colombo Motor Show 2014 as the official lubricants partner. Organized for the seventh consecutive year the annual Colombo Motor show is regarded as the country's most popular motor and motor accessory exhibition. The exhibition ... Read more

Business | Hits: 354 | Comments

Palpatha Eco Safari Lodge BiodiversityConscious

Oct. 20, 2014 (LBT) - A ground breaking milestone in the eco tourism industry took place recently when the Palpatha Eco Safari Lodge, became the first of its kind in the industry to be certified as a BiodiversityConscious® Lodge. The certification issued by The Carbon Consulting Company, was based on the ... Read more

Business | Hits: 332 | Comments

Truecaller supports Canfi 2014 - walk against cancer

Oct. 20, 2014 (LBT) - Truecaller, world's largest verified mobile phone community, came forth as a sponsor for the Canfi 2014-walk against cancer awareness program held recently in Colombo. Hundreds of youth paraded the streets of Colombo spreading awareness about the disease. The Truecaller Brand Ambassadors in the picture had the ... Read more

Business | Hits: 340 | Comments

SLICM optimistic on Micro Credit Mgnt. Program

Oct. 20, 2014 (LBT) - The Sri Lanka Institute of Credit Management (SLICM) the only institute which offers credit management education in Sri Lanka, opened its registrations for the October intake for the Micro Credit Management Programme, which was recently launched by the institute. SLICM was initiated as a pioneering ... Read more

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The SLICM to host 18th Annual Convocation

Oct. 20, 2014 (LBT) - The Sri Lanka Institute of Credit Management (SLICM), the leading institute which offers credit management education in Sri Lanka, will host its 18th Annual convocation on the October 23 at the Centre for Banking Studies with Ajith Nivard Cabraal, Governor of Central Bank gracing the ... Read more

Business | Hits: 248 | Comments

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Grave situation faced by Plantation Industry highlighted

Oct. 18, 2014 (LBT) - The grave situation the Plantation Industry is facing was brought to the notice of Basil Rajapaksa, Minister of Economics Developments at the 78th Annual General Meeting of the Ceylon Planters’ Society held at Waters Edge on September 27, 2014. The Chief Guest was Gamini Lokuge, Minister of Labour and labour relations and also gracing the occation as the guest of honour was Neil Bogahalanda, the newly appointed Chairman of Sri Lanka State Plantations Corporation and Elkaduwa Plantations Ltd. Suresh Nawaratnam, President of the Ceylon Planters’ Society presented the review or the Annual Report on the activities of the Society’s work citing its accomplishments, the new problems, the solutions and plans for the future. The President placed before Minister Basil Rajapaksa the grave situation the Plantation Industry is facing and said that some of the grievances are significant and serious. He said the Plantation Industry as reported last year did have to face numerous problems and even at present faces many problems. Some of the major issues he mentioned are: • The felling and selling of state owned trees in the Sate Governed plantation sector. • Issues related to Chilaw Plantations Ltd. • The depleted condition in some of the company ... Read more

Opinions | Hits: 573 | Comments

‘Growing Food Organically leads to financial independence’

Oct. 13, 2014 (LBT) - Growing food organically is the path towards financial independence and improving nutritional standards, says Mahinda Yapa Abeywardena, Minister of Agriculture. He made these observations while visiting families enrolled under the Sustainable Agriculture Development Programme (SADP) in Weligama to inspect the progress made since his previous visit. “The Sustainable Agriculture Development Programme promotes the use of organic agriculture practices by raising awareness on the effects of using chemical fertilisers and pesticides. I strongly support its endeavour in encouraging families to organically grow their own food wherever possible, leading them towards financial independence while improving their nutritional standards” said Minister Abeywardena. The Minister also distributed large water storage vessels to all 400 families in Borala and Denipitya areas during his visit. During his visit, the Minister also attended two meetings in Borala and Denipitiya, where he addressed beneficiaries of SADP and appreciated the programme’s contribution to uplift the lives of the people in the area. While urging the beneficiaries to make the most of SADP’s offering, he further reiterated the importance of organic agriculture and its role in the national agriculture development drive under programmes such as ‘Api Wawamu – Rata Nagamu’ and ‘Divi Neguma’. In the Matara District alone, SADP has ... Read more

Opinions | Hits: 624 | Comments

Disruption, ‘Intrapreneurialism’ and meeting customer’s needs

Sep. 07, 2014 (LBT) - In my conversations with businesses it has become clear that when it comes to customer experience, they really do understand just how fully things have changed. They realise that the old methods of reaching the customer are no longer good enough; that the customer demands more than ever before and wants the brand experience to be delivered on their terms and not the brand’s. They know they need to build real relationships with customers, connecting with them on an emotional level, and that loyalty has never been harder to win or keep. Despite this awareness, which comes from businesses of all shapes and sizes, it is the start-up community that have found it easiest to adapt to the needs of the modern consumer. Often, established companies have struggled with the scale of change required and have instead opted for a half-way house; setting up the odd Facebook page for example, or encouraging sales reps to use LinkedIn and Twitter. While there are of course notable exceptions, the fact is that many businesses are failing to make the wholesale transformation required to prosper in today’s consumer-driven market. The reason is simple: legacy. The more established the company, ... Read more

Opinions | Hits: 1154 | Comments

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Foreign buying boosts the turnover

Oct. 21, 2014 (LBT) - The indices closed in red due to the negative contribution from the Banking Finance and Insurance Sector. Retail interest was seen in Laxapana Batteries and Madulsima Plantations while mixed interest was observed in Access Engineering, Dipped Products and Housing Development Finance Corporation Bank. Foreigners remained active with foreign buying accounting for 49% of the turnover closing as net buyers. Diversified sector was the top contributor to the market turnover (due to John Keells Holdings) whilst the sector index moved down by 0.58%. The share price of John Keells Holdings decreased Rs 0.20 (0.08%) to close at Rs 247.00 while the foreign holdings increased by 513,676 shares. Banks, Finance and Insurance sector was the second highest contributor to the ... Read more

Movement | Business Editor | Hits: 138 | Comments

Week commences in red

Oct. 20, 2014 (LBT) - The indices closed in the negative territory due to price losses in Commercial Bank, Nestle Lanka and CT Holdings. High net worth interest was witnessed in Seylan Developments as a block trade while retail interest was seen in Chilaw Finance, Renuka Agri Foods and Madulsima Plantations. Additionally, mixed interest was observed in Union Bank of Colombo, Millennium Housing Developments and Capital Alliance & Finance. Foreign activity remained low closing as net buyers. Banks, Finance and Insurance sector was the top contributor to the market turnover (due to Seylan Bank) whilst the sector index lost 0.23%. The share price of Seylan Bank gained Rs 2.00 (2.27%) to close at Rs 90.00. Diversified sector was the second highest contributor to ... Read more

Movement | Business Editor | Hits: 262 | Comments

Week ends on a negative tone

Oct. 17, 2014 (LBT) - Both ASPI and S&P SL20 closed in red due to negative price movements on counters such as John Keells Holdings, Commercial Leasing and Sri Lanka Telecom whilst turnover crossed the Rs 1.0 Bn mark. High net worth and institutional interest was witnessed in Commercial Bank as block trades. Retail interest was mainly seen in Panasian Power, SMB Leasing, Blue Diamond Jewellery Worldwide and FLC Hydro Power. Meanwhile, mixed interest was observed in Alufab, Brac Lanka Finance and First Capital Holdings. Foreign activity remained subdued and closed as net buyers. Over the week, ASPI and S&P SL20 both dropped by 1.18% and 1.96% respectively. Banks, Finance and Insurance sector was the top contributor to the market turnover (due to Commercial Bank, ... Read more

Movement | Business Editor | Hits: 250 | Comments

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Sports

Sport 1st together with Mobitel launches ‘The Platinum Awards 2014’

The Oscars of Sports Awards Ceremonies in Sri Lanka Oct. 22, 2014 (LBT) - The National Mobile Service Provider Sri Lanka Telecom Mobitel in partnership with Sport  1st recently ... Read more

Golf Hut at the Nuwara Eliya Golf Club gets a new face

Oct. 09, 2014 (LBT) - The ‘Golf Hut’ at the Nuwara Eliya Golf Course recently underwent a metamorphosis at a cost of over two million rupees enabling the club to ... Read more

Glitz Cric Quiz 2014 - A Resounding Success!

Aug 19, 2014 (LBT) - The Glitz Cric Quiz 2014, Sri Lanka’s Biggest and Most Exciting Cricket related quiz competition was successfully worked off recently amidst a large gathering of ... Read more

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Politics

UPFA wins only 19 seats in Uva as against 25 in 2009

Sep. 21, 2014 (LBT) - The governing United People’s Freedom Alliance (UPFA) won the Uva Provincial Council elections managing to secure 19 seats in the two districts of Badulla and ... Read more

India gifts Rs. 1.2 billion Cultural Centre to Jaffna

June 10, 2014 (LBT) -A state-of-the-art, fully equipped cultural centre is to be built in Jaffna at a cost of Rs. 1.2 billion. It will reflect ancient cultural features and ... Read more

ADB calls for closer economic cooperation

April 22, 2014 (LBT) - Shifting relations among Asian countries and the changing global economy mean that Asia needs to strengthen its economic cooperation, says the Asian Development Bank’s (ADB) ... Read more

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World News

UK economic growth to fall to 2.4% in 2015, says EY Item Club

Oct. 20, 2014 (LBT) - The UK economy will grow by 2.4% in 2015, well below the 3.1% growth expected this year, forecasting group EY Item Club has said. It says ... Read more

Huawei becomes the first Chinese company to rank in Interbrand's Top-100 Best Global Brands of 2014

Oct. 20, 2014 (LBT) - Huawei became the first Chinese company to rank in Interbrand's Top-100 Best Global Brands of 2014, at No. 94. On the ranking, Interbrand said: “With ... Read more

Etihad Airways Partners offers customers more choice

Oct. 16, 2014 (LBT) - Etihad Airways recently unveiled Etihad Airways Partners, a new brand which brings together like-minded airlines to offer customers more choice through improved networks and schedules ... Read more