Category: Other
Huawei initiates ‘Red Revolution’ with launch of GR5 2017
(PRESS RELEASE) – Huawei, the fastest growing smartphone brand in Sri Lanka, recently unveiled their latest device into their smartphone portfolio through an interesting and attention-grabbing launch segment which took place during the Singer Lifestyle Festival 2016 which was held at the BMICH. With Huawei’s goal on painting the town red with the brand’s launching […]
Fitch affirms Sunshine Holdings at A(lka); outlook stable
Fitch Ratings has affirmed Sri Lanka-based diversified conglomerate Sunshine Holdings PLC’s National Long-Term Rating at ‘A(lka)’. The Outlook is Stable. The rating on the company reflects its exposure to defensive end-markets, strong positions in the markets for its key products and strong free cash flow generation despite short-term pressures faced by some its key operating […]
SriLankan airlines to fly to Gan Island
(PRESS RELEASE) – SriLankan Airlines will consolidate its traditional positioning as the largest airline operation in the Maldives, by commencingservices to Gan Island on 1st December 2016, in the Indian Ocean island nation.Thus SriLankanAirlines will become the only airline to operate international flights toGan International Airport, with four flights per week. Accordingly, Gan Island operations will […]
Emirates offers up to 50-pct off on travel from Colombo
(PRESS RELEASE) –As festive cheer and the attendant frenzy of shopping begin to manifest, Emirates has unveiled an incredible pre-season sale in Sri Lanka, offering whopping fare discounts of up to 50 per cent to destinations around the world. Travellers who book and pay for their tickets before Saturday, 10th December 2016 will be benefitted […]
Brandix, IUCN collaborate to monitor Kelani River water
Dec 01, 2016 (LBO) – Sri Lankan apparel exporter Brandix will fund a project by the International Union for Conservation of Nature (IUCN) to monitor the water quality in the Kelani River Basin as a prelude to a larger initiative for the Basin’s management and conservation. “The first year of the project will encompass an assessment […]
Comm Bank, Dunamis Capital and Aitken Spence win at CSE Masterminds 2016
(PRESS RELEASE) – Commercial Bank of Ceylon PLC won the inaugural capital market quiz organized by the Colombo Stock Exchange (CSE) recently. Dunamis Capital PLC and Aitken Spence PLC emerged as the First and Second Runners-Up of the competition, which was held at the CSE Trading Floor. The competition, for which entrance was exclusive and […]
‘s Eswaran Brothers wins Gold for environmental best practices
Dec 01, 2016 (LBO) – Sri Lanka’s tea company Eswaran Brothers Exports has won the Gold Award for environmental best practices at London’s Green Apple Environment Awards, ranking alongside companies like IKEA and Toshiba for its commitment to the environment. “It’s an honour to be recognised for the work that we are doing with the […]
LOLC Group inks deal with Club Mediterranee for Sri Lanka’s first Club Med Resort
The LOLC Group and Club Mediterranee – France, signed a historic agreement on 25th November 2016 which will witness the Riverina Resort in Beruwela being branded as the First Club Med Resort in Sri Lanka. The landmark agreement was signed between LOLC Group Managing Director/CEO, Mr. Kapila Jayawardena and Mr. Henri Giscard d’Estaing, President and […]
Licencing , regulation and supervision of companies carrying on Micro finance Business
(PRESS RELEASE) – The Microfinance Act, No. 6 of 2016 was enacted with the objective of providing a regulatory framework to cover microfinance institutions that are not regulated at present. The purpose of the Act is to improve the delivery of financial services to low income persons and micro enterprises, increase financial inclusion, strengthen the […]
Vote on Facebook for your favourite feature on Emirates Economy Class
(PRESS RELEASE) – Even among seasoned travellers, air travel invariably generates a conversation and now Emirates is engaging in one with its customers and fans in Sri Lanka via social media. The global connector of people, places and experiences has invited its Facebook fans in Sri Lanka to vote for one of three features that distinguish […]
Sanjay Tiwari new President of the The Sri Lanka Ceramics and Glass Council
(PRESS RELEASE) – Mr. Sanjay Tiwari, Managing Director & CEO,of Piramal Glass Ceylon PLC was elected as the new President of the Sri Lanka Ceramics and Glass Council at its 3th AGM held recently at the Cinnamon Grand Hotel, Colombo. Tiwari who took over Mr. Mahendra Jayasekera, CEO, Lanka Walltiles PLC is the 4th […]
Taiwanese contractor for Apple may shift production to U.S.
Nov 28, 2016 (LBO) – Hon Hai Precision Industry, the Taiwanese contract manufacturer of Apple products, may shift its production from China to the U.S, media reports said, with “Made in China” likely to lose ground under a Trump presidency. The speculation is not new, but the President-elects threats to slap heavy tariffs on Chinese […]