| Top Business
Golden Pearl Tangalle Beach wins Silver at BestWeb.lk 2019
Colombo Dockyard celebrates 45th Anniversary
TAC has been acknowledged as an annual social media agency
SEC, CSE and FITIS involve technology businesses in raising capital possibilities
EDB Turns 40: Contribution to the nation’s economy
Expack named Best Workplace in Asia for 2019
Lanka Hospitals are certified as Great Place to Work
Set along the magnificent stretch of golden sandy beaches in the southern coastline of Sri Lanka, Golden Pearl Tangalle Beach is a paradisiac escape for anyone looking to indulge in an unforgettable beach holiday. The hotel very recently won a silver award under the travel and tourism category at BestWeb.lk 2019 in recognition of its efforts in the digital sphere.
Colombo Dockyard PLC, Sri Lanka’s premier ship repair and shipbuilding facility celebrates its 45th-anniversary last week. Colombo Dockyard operates in collaboration with Onomichi Dockyard Company Ltd of Japan and the collaboration has enabled the Shipyard to combine the skills and competence of a fully Sri Lankan workforce in Japanese technological know-how. Colombo Dockyard is regarded as Japan's flagship investment in Sri Lanka.
At the latest Sri Lankan Leadership Awards 2019 held at Hotel Taj Samudra, the creative boutique agency TAC (Tharindu Ameresekere Consulting) has been acknowledged as the Social Media Area of the Year.
In partnership with the Securities and Exchange Commission, the Colombo Stock Exchange (CSE) has continued to increase awareness among prospective issuers of access to financing through public markets by organizing an exclusive forum recently for membership of the Federation of Information Technology Industry Sri Lanka (FITIS).
The 40-year-old Sri Lankan Export Development Board[ EDB] on 1 August is the leading state organization for export development and promotion. As a Policy Advisor, Monitor, Promoter, Facilitator and Knowledge Provider, the Board performs countless roles in the export industry of the economy in fulfilling its duties of implementing policies to achieve domestic export objectives.
Expack Corrugated Cartons (Pvt) Ltd, the country’s premier leading corrugated packaging solutions provider, was recognized among Best Workplaces in Asia for 2019 for the first time under the small and medium-size category in addition to also making it to the list of Sri Lanka's 25 Best Workplaces by Great Place to Work for the second successive year.
Recently, numerous award-winning internationally accredited healthcare provider Lanka Hospitals has become the first hospital in Sri Lanka to be certified by autonomous analysts at Great Place to Work in Sri Lanka as a excellent workplace. In anonymous studies undertaken by the Great Place to Work Institute, Lanka Hospitals gained the credential based on comprehensive scores given by its staff.
PickMe, the homegrown mobility solutions network powered by Sri Lanka's homegrown technology, has purchased Yamu, the website/app for informative wine and dining information across Sri Lanka. Commenting on the acquisition, YAMU founder Indrajit Samarajiva said, "YAMU has been close to PickMe since they began and I can't believe of a better location to finish. In my view, PickMe is Sri Lanka's only real start-up-one that has attained explosive development and continues to grow.
DFCC Bank, a fully fledged, dynamic commercial and development bank in Sri Lanka, recently entered into an MOU with Senok Commercial Vehicles (Pvt) Ltd on July 2, for a period of six months. attended by members of the senior management of both institutions, the MOU solidified DFCC’s collaboration and partnership with Senok Commercial Vehicles, resulting in offering many vehicle leasing benefits to its customers.
Power World Gyms, the leading fitness chain in Sri Lanka and India with a total network of 90 gyms serving over 100,000 members, recently announced an innovative franchising opportunity for its already-established gyms as part of the company’s long-term sustainable growth strategy.
In July 2018, EDB, in cooperation with the Sri Lankan Association of Rubber Product Manufacturers and Exporters (SLAMERP) and the Sri Lankan Plastic and Rubber Institute (PRISL), arranged a two-day workshop on Product Innovation, Technology and R&D to upgrade the understanding of tire manufacturers / exporters by acquiring technical expert services from India.
Dnata Travel Group Managing Board Chief, Iain Andrew, toured Sri Lanka lately to meet with tourism authorities and evaluate the scenario on the ground in an on-the-ground manner.
In the second year in a row, the Export Development Board of Sri Lanka (EDB) organized a Sri Lankan pavilion for the 2019 edition.
CEO Piramal Glass Ceylon (PGC) Sanjay Tiwari is going to assume the position of Piramal Glass USA Inc.'s Chief Executive Officer next month. He will completely handle Piramal Glass ' US activities but will also remain in charge of Sri Lanka's second home.
A major publicity company, Holmes Pollard & Stott (HP&S), has partnered with IKON, the fastest increasing digital media agency, to provide customers with complete marketing alternatives.
Samsung Sri Lanka shows the new Galaxy A80, the world's first rotating3-pixel camera–a smartphone for people's live era.
Following a Rs 350 million investment in order that the quality of a product category that has already taken a major market share of 33 percent should be enhanced further, a major tire brand CEAT has revealed a fresh series of radial bulls in Sri Lanka.
Sri Lanka as a developing country has long moved away from traditional exports including commodities, in view of the need for the Country to diversify the Export basket of Products and Services, to keep abreast of the competition from peer countries in the Asian Region. In this context although Value Addition to raw materials and intermediate products, Innovation and Differentiation of Products and Services to distinguish them from those of competitors, and the development and promotion of Sri Lankan Brands of Products and Services to establish an Image and unique Identity to ensure customer loyalty, the work carried out and results achieved by Sri Lankan Export Oriented Enterprises are inadequate for the future sustainability in export market.
The Department of Transport and Civil Aviation said India had supplied S-13 trains via a Class M11 motor to Sri Lanka. The trains are provided to the government of Sri Lanka with a loan from the Indian government. It is expected that in three weeks M11 engine and S13 multiple-unit diesel train will reach Colombo in India.
Sri Lanka's Securities and Exchange Commission (SEC) stressed the need to separate the Chairman and CEO of listed companies, as well as invite the public and all stakeholders to make written submissions on this step.
The administration should continue to tackle questions raised in the Easy to Do Business Index across the board. Many of them were outlined and policy aspirations presented in the 2025 Vision Strategy initiated in October 2017 by the President and the Prime Minister.
The second annual bilateral dialog between the Pathfinder Foundation (PF) and the National Maritime Foundation, NMF, was held in New Delhi lately, following their continuing professional and mental commitment.
For its outstanding skills in terms of job diversity across the group, Arinma Holdings has been given the Diversity Impact Award. On 17 July at Taj Samudra, the 14th Employer Brand Awards were held.
The National Information and Communication Technology Solutions Provider in the nation, Sri Lanka Telecom, recently hosted eighteen regional activities parallel to the launch of the National Digital Roadmap under the theme of "SMART Sri Lanka."
Sri Lanka will resume exporting tea to Iran shortly, according to the Minister of Plantation Industries, Navin Dissanayaka, through a joint contract signed between the Sri Lanka Tea Board (SLTB), the Ceylon Petroleum Corporation (CPC), and Iran.
This year's award was given to the NGage Strategic Alliance with the Brand Leadership Award at the Mumbai World Marketing Conference, which organizes annual CMO Asia's programs to acknowledge Asian organizations, brands and people who have proved their excellence.
By upgrading its high-tech hub in Walpola to a completely modernized plant, the HUTCH, one of Sri Lanka's fastest increasing mobile communications providers has strengthened its place on the market.
The firm said in its Stock Exchange filing that LOLC Holdings PLC (LO LC) has sold 2 618,567,000 (62.35%) shares held at average prices in the business LOLC Finance PLC of Rs 3.40% per share.
The Minister of Planting Industries Navin Dissanayake yesterday advised the Ministry of Plantation to take action on the growth of cashew plantations in the northern province of Sri Lanka. The Minister advised the Sri Lankan Cashew Corporation to take steps to establish cashew plantations The Minister of Planting Industry Navin Dissanayake.
Jetstar Airways, an Australian low-cost airline headquartered in Melbourne, will be operating flights to Sri Lanka in the near future, said David Holly. Jetstar, High Commissioner for Australia in Sri Lanka & Maldives, is a wholly-owned subsidiary of Qantas, established in reaction to the low-cost Virgin Blue contest.
PickMe Food, PickMe's latest venture, Sri Lanka's native technology-driven mobility solutions supplier, introduced its services in Kandy City. With its Ride Sharing services, PickMe has already established a strong presence in Kandy. PickMe Food has effectively served restaurants and clients in Colombo and its suburbs covering Nugegoda, Moratuwa, Ratmalana, Mount Lavinia and recently Rajagiriya and Kotte.
To coincide with the company’s 23rd anniversary PLC has introduced ‘People’s Leasing Petrol Peraliya’ scheme to pay gratitude to its leasing customers. This is an innovative and unreachable scheme that has not yet been tried out by any other bank or finance company in the country introduced by the company for all its customers who transact with PLC.
ISM APAC, a leading global software development company marking its fifth year of operations in Sri Lanka, was recently bestowed with a Great Place to Work Certification for its continuous effort and engagement towards its people and culture.
Tharaka Amarasena, the Manager of the Colombo Stock Exchange (CSE) Anuradhapura Branch was recently recognized by Toastmasters International as its District 82 Toastmaster of the year for 2017/18. The award was presented at the District Conference held in Chennai, India. The Ceremony is the leading event of the Toastmasters District 82Calendar.
Waters Edge has recently announced its profit for June 2019, which reveals that despite the problems encountered in the local tourism and hotel sectors by the significant decrease of arrivals and businesses as a result of the tragic Easter Sunday terrorist attacks it has registered Rs 18.5 million in revenues.
Mitra Innovation, the first UK firm to have been appointed a WSO2 Premier Certified Partner, opened a regional office in Singapore, a quick increasing supplier of UK Technology services with a global footprint that is specialized in digital transformation, cloud enablement, and software development.
Environment and Mahaweli Development Minister Ajith Manapperuma said companies set up to recycle plastics in Sri Lanka now face scarcity in order to operate their factories to capability.
A recent investment agreement with Wakana JPN (Pvt) Ltd was signed by the Sri Lankan Investment Board. Mangala Yapa, President BOI and Hiroyuki Ota, Director and T, signed the Agreement on behalf of the BOI. Director, G. Sunil Wickrama.
Sri Lanka has disclosed the latest 48 megapixel Galaxy A80. Smartphone at the Colombo Hilton is the world's first rotary three-pixel camera. "We move from the' selfie era' to the' live era,' where people foster more genuine and meaningful links. Built to drive this evolution, Samsung's first revolutionary camera and smart battery are all fascinating innovations: a thrilling, full-screen display, "Sri Lankan CEO Kevin YOU said.
Sri Lanka's Promotion Tourism Office has lately initiated a significant charm offensive in China to attract Chinese visitors to several of the city's most famous travel agencies and tourists. Tourism Minister John Amaratunga even pointed to the option of raising the visa fee for visitors from China because the nation is prepared to welcome Chinese tourists once more. Chinese tourist visitors are welcome to visit.
The 19th Annual General Meeting (AGM) of the Council for Business with Britain (CBB), was conducted at Westminster House recently. The office bearers include Vice President - Roshanie Jayasundera Moraes, Executive Vice President, John Keells Holdings Plc; Vice President - Carl Cruz, Chairman, Unilever Sri Lanka; Treasurer: Tania Polonnowita Wettimuny, Group Managing Director, Inter Air, and Sea Logistics (Pvt) Ltd.
The discussions centered around the recommencement of negotiations on the Sri Lanka China Free Trade Agreement, strengthening bilateral trade ties and opportunities to boost Sri Lankan exports to China, resolving key trade facilitation issues, and attracting export-oriented manufacturing investments from China to Sri Lanka.
Sri Lankan business travelers can now sample the premium Emirates Business Class product with significant savings thanks to the launch of unique Business Class tickets to locations in the USA, UK, Europe and Dubai. These unique tariffs will be accessible for reservations taken between 2-8 July, but will be applicable for travel between 7 July and 15 March 2020, the airline said.
The Colombo Stock Exchange(CSE) in association with the Securities and Exchange Commission of Sri Lanka(SEC)recently organized the 17thevent as part of the Regional Investor Forum Series organized around the country. The forum drew an encouraging response and attracted over 180participants, including a number of presents and active investors in the market.
Sri Lanka–Germany Fast-Track Dialog was held lately with the aim of addressing the key problems facing German companies operating in Sri Lanka under the BOI and of facilitating fresh investment at BOI Ministry of Development and International Trade. Minister Malik Samarawickrama stated that Germany is a very significant trading partner for Sri Lanka, with trading volumes totaling EUR 1.2 billion. Minister Malik Samarawickrama added that in 2018 a significant delegation of trade and investments had gathered in Germany, but that latest events have had a negative effect on financial relations.
Mövenpick Hotel Colombo welcomed the first group of Kuwait Airways crew on arrival at the Bandaranaike International Airport. They were welcomed by George Koumendakos, (General Manager) Padmi Fernando, (Director Sales and Marketing) and Jude Dayaratne (Safety & Security Manager). The Management of Movenpick Hotel held a welcome reception at the lobby lounge.
With the motive of supporting organizations and individuals in their ambition to continuously improve processes, The Lean Six Sigma Company, one of the world’s leading providers of Lean Six Sigma training recently commenced its operations in Sri Lanka in partnership with DAVISON Business Solution Pvt Ltd, making it the first country to establish their presence in the Asian region.
hSenid Business Solutions, Sri Lanka's leading provider of human resources solutions, partnered with Kelaniya University, a renowned state-owned greater education institution, adding a fresh field of research to their company curriculum.
Dialog Axiata PLC, has recently been announced by Tenaga Car Parks Pvt Ltd in a Public-Private Partnership with the Colombo Municipal Council as the exclusive technology partner for the launch of the Touch Parking Card.
Research Team, the securities arm of Sri Lanka's investment banking company and preferred partner on the financial market, produced a smooth sweep of prizes in all categories competed at the CFA Society Sri Lanka's recent 7th Annual Capital Market Awards.