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Softlogic Finance rights issue oversubscribed

Mar. 28, 2015 (LBT) -  The recent Softlogic Finance PLC Rights Issue was over-subscribed by over 150% with the new equity infusion of Rs 401 million, boosting the total equity position of the company to Rs 1.9 billion. The Rights Issue, in which 10 Ordinary Shares were issued at Rs ... Read more

Business | Hits: 60 | Comments

Nolimit feted at Jasteca Taiki Akimoto 5S Awards

Mar. 28, 2015 (LBT) -  It was a clean sweep for Nolimit, the largest fashion retail chain in Sri Lanka, at the recently concluded JASTECA TAIKI AKIMOTO 5S AWARDS CEREMONY-2014 as it could walk away with the most number of awards totalling up to 12 with 3 main awards, 5 ... Read more

Business | Hits: 53 | Comments

Abans mobiOs MMM frees customers of confusion

Mar. 28, 2015 (LBT) -  While traditional marketing is outside the store targeting consumers to build brand awareness, digital marketing allows marketers to deliver personalized content to shoppers at home, on-the-go and in-store to directly influence their decision making process or deliver a call to action with measurable results.mobiOs has ... Read more

Business | Hits: 51 | Comments

Citi Sri Lanka takes a pioneering turn

Mar. 28, 2015 (LBT) -  Citi Sri Lanka took a pioneering turn in celebrating International Women's Day by inviting Mind Adventures' to perform an original theatre production, 'Wonder Woman', scripted and directed by celebrated theatre personality Tracy Holsinger.  Citi Sri Lanka joined Citibankers from around the world to honour women ... Read more

Business | Hits: 57 | Comments

Two new appointments to Colombo Stock Exchange

Mar. 28, 2015 (LBT) -  Lal Nanayakkara and Anton Godfrey have been appointed to the Board of Directors of the Colombo Stock Exchange (CSE) with effect from March 20, 2015. Mr Nanayakkara served as a Board Member of the Securities and Exchange Commission of Sri Lanka (SEC) from 1998 to ... Read more

Business | Hits: 63 | Comments

Micro opens service center in Anuradhapura

Mar. 27, 2015 (LBT) - Micro Cars Limited, expanding its operations, has opened its latest After Sales Service Centre in Anuradhapura.The simple yet elegant opening ceremony was graced by the Mayor of Anuradhapura, H. P. Sumanadasa; General Manager of Transmec Engineering, Laksiri de Silva; Service Manager, Chaththa Rathnathilaka and Service ... Read more

Business | Hits: 91 | Comments

Singer, Home Science Dept hosts culinary workshop

Mar. 27, 2015 (LBT) - Singer Sri Lanka has partnered with the Home Science Department of the Ministry of Education to host home science teachers from various parts of the island at a customised workshop named ‘Soopa Shasthra Vadamuluwa’. The workshop, designed to educate the teachers and keep them apprised ... Read more

Business | Hits: 93 | Comments

LOLC honoured with Silver at prestigious HRP Awards

Mar. 27, 2015 (LBT) - LOLC won a prestigious ‘Silver Award’ at the recently held HRP awards organized by the Human Resources Professionals Sri Lanka. After three of LOLC Finance Companies were ranked among the best 5 Corporates to work in Sri Lanka in 2013, LOLC continued to be rewarded ... Read more

Business | Hits: 124 | Comments

Providence brings OneSumX Solution to SL

Mar. 27, 2015 (LBT) - Providence, a leading provider of IT and technology related services, along with Wolters Kluwer Financial Services, a worldwide provider of compliance, risk management and audit solutions, has brought the latest and most up-to-date solution for IFRS – OneSumX – to Sri Lanka. OneSumX is being ... Read more

Business | Hits: 87 | Comments

Seminar on Expanding Exports Through FTAs, GSP

Mar. 26, 2015 (LBT) - The Ceylon Chamber of Commerce will conduct a seminar to educate the local exporters on how to expand their exports using the existing GSP Schemes and FTAs to a wide arena of markets covering the EU market, Norway, India and Pakistan.The seminar, to be held ... Read more

Business | Hits: 109 | Comments

SL Tourism to focus on Scandinavian countries

Mar. 26, 2015 (LBT) - The leadership of the Sri Lanka Tourism Promotion Bureau has reviewed its overall portfolio of markets and has strategically selected one of the key focus areas globally - Scandinavian countries - to market Sri Lanka as a destination for travel in the future. A high-powered ... Read more

Business | Hits: 118 | Comments

H A Ariyaratne in Vardhana Bank Director Board

Mar. 26, 2015 (LBT) - H.A Ariyaratne was recently appointed to the Board of Directors of DFCC Vardhana Bank (DVB). Ariyaratne has over 33 years of experience in the banking industry and his new appointment at DVB was made effective from March 04, 2015Ariyaratne is a First Class Honours Science ... Read more

Business | Hits: 148 | Comments

Abans mobiOs MMM frees customers of confusion

Mar. 25, 2015 (LBT) - While traditional marketing is outside the store targeting consumers to build brand awareness, digital marketing allows marketers to deliver personalized content to shoppers at home, on-the-go and in-store to directly influence their decision making process or deliver a call to action with measurable results.mobiOs has ... Read more

Business | Hits: 124 | Comments

Fashion Design Council to represent SL designers

Mar. 25, 2015 (LBT) - After three years of work in progress, the Fashion Design Council of Sri Lanka (FDCSL) was officially launched yesterday March 24, 2015. Prior to the launch of the FDCSL, council members studied the strategies and structures of other fashion councils around the world, in order ... Read more

Business | Hits: 117 | Comments

Hameedia takes CFW 2015 by storm with ‘Envoy’

Mar. 25, 2015 (LBT) - Continuously setting the benchmark in the fashion industry, Hameedia, Sri Lanka’s leading menswear specialist, recently took centre stage at the HSBC Colombo Fashion Week (CFW) Spring/Summer 2015 edition with its Envoy by FH Studio collection. The three Envoy by FH Studio collections for HSBC CFW ... Read more

Business | Hits: 124 | Comments

Sadaharitha celebrates Rs 1B group revenue

Mar. 25, 2015 (LBT) - Sadaharitha Plantations Group, one of the most respected green investments group of companies, celebrated its annual sales conference with the theme of ‘Seize your glory’ at the Eagles Banquets and Convention hall in Attidiya.With over a decade of experience in the Plantations sector Sadaharitha Plantations ... Read more

Business | Hits: 132 | Comments

Nolimit wins Jasteca Taiki Akimoto 5S Awards

Mar. 25, 2015 (LBT) - It was a clean sweep for NOLIMIT, the largest fashion retail chain in Sri Lanka, at the recently concluded JASTECA TAIKI AKIMOTO 5S AWARDS CEREMONY-2014 as it could walk away with the most number of awards totalling up to 12 with 3 main awards, 5 ... Read more

Business | Hits: 125 | Comments

Venture Engine Rs 500M program for entrepreneurs

Mar. 25, 2015 (LBT) - Blue Ocean Ventures and the Indian Angel Network in partnership with the Lankan Angel Network announced the launch of Venture Engine 2015 at an event held at the OZO Colombo. Since its inception in 2012, Venture Engine has been helping entrepreneurs to take their businesses ... Read more

Business | Hits: 61 | Comments

Investment Policies Seminar at CCC on Friday

Mar. 24, 2015 (LBT) - The Ceylon Chamber of Commerce has seen an upward interest from the local business community to take part in the upcoming seminar to be held under the title of ‘Policies in Place: Bring in the Investments’, in order to clarify a series of impending issues ... Read more

Business | Hits: 125 | Comments

Emergency medical services for ATL customers

Mar. 24, 2015 (LBT) - As part of its promise to make insurance open to all, ATL (Amãna Takaful) ATL recently partnered with Falck Sri Lanka to provide its individual medical insurance policyholders with access to world-class Emergency Medical Services (EMS). As part of the strategic partnership, all of Amãna ... Read more

Business | Hits: 115 | Comments

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WALKING WITH THE DINOSAURS PART II - By Dr. Nalaka Godahewa

Mar. 27, 2015 (LBT) - Lanka Business Today (www.lbt.lk) Editorial Board recently came with an article series where former Securities and Exchange Commission Chairman Dr. Nalaka Godahewa who turned around Sri Lanka's Capital Market with a 'Clear Vision' shared his experience working in both the private and state sector of Sri Lanka's US $ 78 billion economy.We decided to share the same article series for the interest of over 20 million populace in Sri Lanka and over 10 million readers across the globe who reach Lanka Business Today on a daily basis. WALKING WITH THE DINOSAURS PART II - By Dr. Nalaka Godahewa This is the continuation of the story …….. I was at Apollo Hospital’s with my Mother waiting for her Doctor, when I received a call from an unfamiliar number. If I remember correct it was 9th June 2009 and time was around 10 am. The caller identified him self as Sumith Abeysinghe, the Secretary to the Treasury and Ministry of Finance. Mr Abeysinghe inquired whether I was the former CEO of Sri Lanka Insurance Corporation. Once I confirmed, he said His Excellency the president would like to see me immediately. Mr Abeysinghe was so polite and upfront. “ Dr Godahewa ... Read more

Expert Advice | Hits: 79 | Comments

WALKING WITH THE DINOSAURS PART I- By Dr. Nalaka Godahewa

Mar. 27, 2015 (LBT) - Lanka Business Today (www.lbt.lk) Editorial Board recently came with an article series where former Securities and Exchange Commission Chairman Dr. Nalaka Godahewa who turned around Sri Lanka's Capital Market with a 'Clear Vision' shared his experience working in both the private and state sector of Sri Lanka's US $ 78 billion economy.We decided to share the same article series for the interest of over 20 million populace in Sri Lanka and over 10 million readers across the globe who reach Lanka Business Today on a daily basis. WALKING WITH THE DINOSAURS PART I - By Dr. Nalaka Godahewa There are a few occasions when I felt genuinely proud of being a Sri Lankan. One such occasion was when Sri Lanka won the cricket world cup on 17th March 1996. But I guess the most important occasion was when Sri Lankan Government announced on 19th May 2009, that it has completely eliminated terrorism from the face of Sri Lanka. I was 44 years old then. I had spent almost 30 years under the cloud of terrorism. More than half of my life I had lived in a country where people feared for the lives of themselves and their dear ones ... Read more

Expert Advice | Hits: 78 | Comments

Sri Lanka: Prime Minister Ranil gives Landmark Speech at Parliament in parallel to controversial 'Bond Deal' that is in 'The Spotlight'

Mar 18, 2015 (LBT) - The following is the special statement delivered by Prime Minister Ranil Wickremesinghe in Parliament yesterday. I am a firm believer that Parliament, the supreme legislature, should be kept informed of matters of public importance. It is even more essential on matters of financial significance. Article 148 of the Constitution stipulates that the “Parliament shall have full control over public finance.” Yet, the Honourable Members of this House are aware they have been kept in the dark on such matters in the past. We have raised questions and received no answers. We have exposed irregularities on the floor of this House. The only response we received was ridicule and insults. My silence should not be misconstrued. It was by no means a cowardly attempt to be deaf, dumb or blind to issues. Nor was it in the belief that remaining quiet would allow such issues to be forgotten. To the contrary, it was only because I felt my first statement with regard to the so-called controversy over Treasury bonds should be made to this House. Let me begin with the background of events. The Ministry of Highways of the Mahinda Rajapaksa administration made commitments and signed contracts totalling over Rs. ... Read more

Expert Advice | Hits: 228 | Comments

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Week ends in Red

Mar. 27, 2015 (LBT) - The indices closed in red as a result of price losses in counters such as Trans Asia Hotels, John Keells Holdings and Aitken Spence whilst the turnover crossed Rs 447 Mn. High net worth and institutional investor interest was witnessed in John Keells Holdings whilst mixed interest was observed in Access Engineering and Seylan Bank nonvoting. Retail interest was noted in Vallibel Power Erathna, John Keells Holdings Warrant 22 and Sanasa Development Bank. Foreigners remained active closing as net sellers mainly due to foreign sales in John Keells Holdings and Hatton National Bank nonvoting. Total foreign sales accounted for 31.8% of turnover. During the week, both ASPI and S&P SL20 lost 2.57% and 2.88% respectively. Diversified sector was the ... Read more

Movement | Business Editor | Hits: 54 | Comments

Week ends in Red

Mar. 27, 2015 (LBT) - The indices closed in red as a result of price losses in counters such as Trans Asia Hotels, John Keells Holdings and Aitken Spence whilst the turnover crossed Rs 447 Mn. High net worth and institutional investor interest was witnessed in John Keells Holdings whilst mixed interest was observed in Access Engineering and Seylan Bank nonvoting. Retail interest was noted in Vallibel Power Erathna, John Keells Holdings Warrant 22 and Sanasa Development Bank. Foreigners remained active closing as net sellers mainly due to foreign sales in John Keells Holdings and Hatton National Bank nonvoting. Total foreign sales accounted for 31.8% of turnover. During the week, both ASPI and S&P SL20 lost 2.57% and 2.88% respectively. Diversified sector was the ... Read more

Movement | Business Editor | Hits: 50 | Comments

Crossings boost turnover

Mar 26, 2015 (LBT) - Both ASPI and S&P SL20 closed in red mainly due to price losses in counters such as Ceylon Beverage Holdings, Commercial Bank and John Keells Holdings. High net worth and institutional investor participation was witnessed in Nations Trust Bank, John Keells Holdings, Seylan Bank, Hatton National Bank and Citizens Development Business Finance as parcel trades accounting for 51.8% of turnover. Mixed interest was observed in Access Engineering, People's Leasing & Finance and Seylan Bank nonvoting. Furthermore, retail interest was noted in Regnis, John Keells Holdings Warrant 23 and Vallibel One. Foreigners remained active closing as net sellers mainly due to foreign selling in Access Engineering, Seylan Bank and Aitken Spence. Banks, Finance and Insurance sector was the ... Read more

Movement | Business Editor | Hits: 82 | Comments

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