Noritake clinches Silver at National Productivity Awards

Published : 1:35 am  September 23, 2014  |  Category: Business  |  Leave a Comment  |  10,217 views  |  

Noritake Lanka Porcelain Ltd (NLPL) recently clinched the Silver Award in the ‘Large Manufacturing’ category at the National Productivity Awards. There was no Gold award in this category and NLPL thus becomes the overall winner and highest scorer in this sector. “We are delighted with this award which makes us the top winner in this particular category. It not only inspires us but also spurs us on to greater heights and do even better in our journey,” said an elated Deputy Chairman and Managing Director of NLPL Yoshinari Shimaya. Organised by the National Productivity Secretariat under the Ministry of Productivity Promotion, the National Productivity Awards were based on a very comprehensive... 


Logiventures wins award at Construct 2014

Published : 1:34 am  September 23, 2014  |  Category: Business  |  Leave a Comment  |  1,282 views  |  

Logiventures Ltd., the market leader and the trendsetter in the container conversion industry in Sri Lanka, received the award for the ‘Most Innovative Stall’ at the Construct 2014 award ceremony for their newest lifestyle concept ‘Social!’ by Convertainers. Here, Logiventures Assistant Manager, Sales and Marketing Dhanushka Jayasuriya is seen receiving the award from Bank of Ceylon General Manager/Chief Executive Officer D.M. Gunasekara.  Read More →


Ceylon Chamber’s sustainability contest sees record entries

Published : 1:33 am  September 23, 2014  |  Category: Business  |  Leave a Comment  |  1,462 views  |  

The Ceylon Chamber of Commerce has received applications from more than 75 local firms to compete in the upcoming Best Corporate Citizens Award 2014 and project awards, a record in the competitions history, which runs up to over a decade. Among the companies who have applied for the competition are multinational firms, diversified conglomerates, SMEs and public quoted firms. “The interest shown by the competitors’ shows that the BCCS has become a place where companies want to showcase their sustainability programs to the world,” said Ceylon Chamber of Commerce Acting Secretary General Alikie Perera. “This interest also shows that an increasing number of local firms are focusing on adopting... 


4000 product lines unutilised under Indo Lanka FTA

Published : 12:00 am  September 22, 2014  |  Category: Business  |  Leave a Comment  |  454 views  |  

A staggering 4,000 product lines remain unutilised under the Indo-Lanka Free Trade Agreement despite its existence for over a decade. “Almost 4,000 product lines that have concessions under Indo Lanka FTA is not being utilised by Sri Lanka exporters and this needs to be addressed by the business chambers without just being critical on new partnerships pursed by the country at policy level,” Country Head for Turner Investment (USA) – Asia Pacific Rohantha Athukorala had told the Southern Chambers of Commerce, business heads and entrepreneurs recently. “The fact of the matter is that we as a nation are not competitive enough to drive strong business globally. The recent drop in the ranking... 


Handicraft trade fair at Kuliyapitiya Town Hall

Published : 12:00 am  September 22, 2014  |  Category: Business  |  Leave a Comment  |  209 views  |  

The Handicrafts Trade Fair, organised by the National Crafts Council in collaboration with the Ministry of Traditional Industries and Small Enterprise Development, will be held at Kuliyapitiya Town hall from 25-27 September, from 9 a.m. to 9 p.m. Consisting of more than 50 stalls, it would create opportunity for the customer to purchase artistic and quality handicraft products from the producer for a fair price. The event will be declared open in the presence of Deputy Minister of Traditional Industries and Small Enterprise Development Weerakumara Dissnayaka and Chief Minister of North Western Province Dayasiri Jayasekara with the participation of Minister of North Western Province Rural Development... 


LAUGFS Gas and Eco Sri triumph at Achiever Awards 2014

Published : 12:00 am  September 22, 2014  |  Category: Business  |  Leave a Comment  |  301 views  |  

LAUGFS Holdings shone bright at the prestigious Achiever Awards 2014 for Industrial and Service Excellence when two of its subsidiaries, LAUGFS Gas and LAUGFS Eco Sri were recognised with top honours, enhancing its reputation as one of the leading conglomerates in Sri Lanka. LAUGFS Gas PLC won the Silver Award and a Top Ten Award at the annual awards night for outstanding performance over the past year. The company was successful in increasing both its market share and its revenue over this period through constant value additions and prioritisation of customer needs. LAUGFS Gas was the recipient of the bronze award in the service sector at the 2013 edition of the CNCI awards and the silver award... 


US Trade Show 2014 to showcase new products and services

Published : 12:00 am  September 22, 2014  |  Category: Business  |  Leave a Comment  |  535 views  |  

The US Embassy and the American Chamber of Commerce Sri Lanka (AmCham) are jointly organising a US Trade Show to be held on 29 September at the Hilton Residence, Colombo. The Trade Show will introduce Sri Lankan consumers and businesses to a comprehensive selection of American products, equipment, technology, and services, further strengthening the longstanding commercial relations between Sri Lanka and the United States. “Sri Lanka’s outstanding private sector holds great potential for US companies to engage in win/win partnerships in tourism, business services, transportation, manufacturing, logistics, energy, and food and beverage, just to name a few,” said Allison Areias-Vogel, Economic... 


Seylan ‘Tikiri Pola’ to instil savings habit among children

Published : 12:00 am  September 20, 2014  |  Category: Business  |  Leave a Comment  |  1,499 views  |  

The Seylan Tikiri Pola has, since its launch on International Children’s Day last October, changed the lives, and more importantly the attitude and thinking, of more than 5,000 little pre-school and primary school children across Sri Lanka.  Not only has it taught them the joy of entrepreneurship but also instilled in them the importance of the savings habit. It has also gone a step further and transformed these two concepts into a lifestyle among these little children and their peers at school and in the local community. The Seylan Tikiri Pola is a novel concept based on the model of the traditional village ‘pola’. The ‘merchants’ (mudalalis) are children from nurseries and Grades... 


Japanese Education Seminar 2014 today

Published : 12:00 am  September 20, 2014  |  Category: Business  |  Leave a Comment  |  437 views  |  

The Japanese Education Seminar 2014 will be held at the Anthurium Hall, Galadari Hotel, Colombo 1 on Saturday 20 September, from 10 a.m. to 4 p.m. This is the fourth successive seminar organised by the Embassy of Japan together with the Japanese Graduates Alumni Association of Sri Lanka (JAGAAS) and the Japan International Cooperation Centre (JICE) in order to assist students interested in obtaining an excellent university education in Japan that will become a launching pad for a bright future career. Admission to this seminar is free of charge. Representatives of a total of eight educational institutes in Japan, comprising of national and private universities as well as Japanese language schools... 


Rupee ends tad firmer on remittance, exporter dollar sales

Published : 12:00 am  September 20, 2014  |  Category: Business  |  Leave a Comment  |  271 views  |  

Reuters: The rupee edged up on Friday as continued inward remittances and exporter dollar conversions outpaced demand for the greenback from importers, dealers said. The spot currency ended little changed at 130.28/30 per dollar compared to Thursday’s close of 130.28/32. The three-day forwards, or spot next, which was active in the three straight sessions through Friday, ended a tad firmer at 130.20/34 per dollar compared to Thursday’s close of 130.34/36. Dealers said the pressure from importers in early trade forced the Central Bank to intervene for the third straight day to prevent a fall in the local currency. The Central Bank forced banks to trade in the three-day forward rupee contract... 


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