Asian Paints to colour brighter with Sangakkara as Brand Ambassador

Published : 12:41 am  August 14, 2014  |  Category: Business  |  Leave a Comment  |  487 views  |  

By Iman Saleem Asian Paints, one of the world’s top decorative coatings companies, yesterday announced a brand partnership with Sri Lankan cricketing icon Kumar Sangakkara. As Asian Paints Brand Ambassador, Kumar Sangakkara will endorse products from an extensive portfolio of popular brands, including several that are unique in the local market. Announcing the three-year partnership, Jacob Kuruvilla, Director/General Manager of Asian Paints (Lanka) Limited, said that the company was looking forward to its partnership with Kumar Sangakkara. “Anyone who follows cricket knows that Kumar Sangakkara’s name is synonymous with performance and consistency at the highest level both on and off the... 

CCC to hold first-ever National Forum for SME empowerment

Published : 12:10 am  August 13, 2014  |  Category: Business  |  Leave a Comment  |  406 views  |  

By Waruni Paranagamage The Ceylon Chamber of Commerce (CCC) intends to organise and conduct the first-ever National Forum on Small and Medium Enterprise Empowerment (NFSMEE) on 13 and 14 October, at the Hilton, Colombo. The aim of the forum, which the CCC intends to make an annual event, is to create a great platform in order to establish a SME development unit at the CCC, in order to facilitate the SME sector in Sri Lanka. The role that the SME sector plays in any emerging economy is significant for economic growth, employment generation and wealth distribution. With the 2013 Budget allocation, the Government allocated money to develop programs in the SME sector such as providing training and... 

Lanka in first mutual recognition agreement trade call with biggest global supplier

Published : 12:06 am  August 13, 2014  |  Category: Business  |  Leave a Comment  |  193 views  |  

‘Important development!: Exporters ‘MRA can help boost FTA biz’: Rishad ‘Agreed!’: Deputy Indian HC Bagchi Trade under ISFTA jumps by 40%! Indo-Lanka overall bilateral trade at $ 3.63 b As bilateral free trade leaped by a huge 40%, Sri Lanka’s biggest supplier in the world nodded in agreement on 7 August that a wider and consistent trade harmonisation push could remove existing barriers in one go -and amplify bilateral business. “Sri Lankan businesses that invested in India have done very well. I agree with you that a wider Mutual Recognition Agreement will be useful to increase bilateral trade. I also agree that the lack of unified market standards across various states in India... 

DP Jayasinghe gets main piling deal for Mihindupura Housing Project at Edmonton Road

Published : 12:00 am  August 13, 2014  |  Category: Business  |  Leave a Comment  |  671 views  |  

DP Jayasinghe Piling Company Ltd., a trendsetter in the construction industry, was selected as the main piling contractor for the Mihindupura Housing Project, initiated under the Janasevana National Housing Development Program. The construction of the $ 5 million project is currently underway at the site in Edmonton Road, Kirulapone. The project work was executed by CDC Infrastructure Ltd., an Indian expert in infrastructure development, under the auspices of the National Housing Development Authority. Constructions are conducted under two categories – development of the sub structure and construction of the super structure. Accordingly, DP Jayasinghe Piling Company Ltd. was named as the main... 

Exhibitions will put Sri Lanka on the map swiftly: Swaminathan

Published : 12:00 am  August 13, 2014  |  Category: Business  |  Leave a Comment  |  257 views  |  

Plastics and Rubber Institute of Sri Lanka (PRISL), together with Enterprising Fair India will conduct the 2nd edition of SRILANKA PLAST – a Plastics Expo and the 1st Edition of RUBEXPO – a Rubber Expo on 14, 15 and 16 August 2014 at BMICH, Colombo. Below are the excerpts of an interview conducted with Enterprising Fairs India Ltd Managing Director B. Swaminathan in light of the exhibition. Q: Why exhibitions? A: Exhibitions are one of the most effective mediums for establishing and maintaining customer relations. In an increasingly digital age, they are the only media where buyer, seller and product physically come together – a potent force for business. Enterprising Fairs India Ltd,... 

Sri Lanka-Singapore Business Council holds AGM

Published : 12:00 am  August 13, 2014  |  Category: Business  |  Leave a Comment  |  300 views  |  

The 17th Annual General Meeting of the Sri Lanka-Singapore Business Council (SLSBC) was held on 25 July at the Ceylon Chamber of Commerce. The SLSBC was inaugurated in 1997 under the aegis of the Ceylon Chamber of Commerce with the objective of promoting trade, tourism and services between Sri Lanka and Singapore. Shamil Mendis, Chairman and Managing Director, Spear International Ltd., was re-elected as the President of the Council for the year 2014-2015. In his address, Mendis mentioned that 2013-14 had been an eventful year and outlined some of the significant activities the Council had undertaken during the period which included the recently-concluded Business Mission comprising a 15-member... 

Senior Minister Dr. Amunugama meets ADB Vice President

Published : 12:00 am  August 13, 2014  |  Category: Business  |  Leave a Comment  |  164 views  |  

Senior Minister for International Monetary Co-operation and Deputy Minister of Finance and Planning Dr. Sarath Amunugama yesterday (12) met ADB Vice President Administration and Corporate Management Bruce Lawrence Davis at the Finance Ministry. Dr. Amunugama had exchanged views in detail in regard to the rapid development of Sri Lanka’s tourism sector, financed by the ADB. The Minister explained further the development of economic and social progress of the Northern and Eastern Provinces of Sri Lanka  Read More →

British High Commissioner visits George Sri Lanka HQ and Global Intimates factory

Published : 12:00 am  August 13, 2014  |  Category: Business  |  Leave a Comment  |  403 views  |  

On Wednesday, 6 August, British High Commissioner John Rankin, accompanied by Gary Leslie, Head of UK Trade and Investment, visited the headquarters of George Sri Lanka who source and export over $ 210 million worth of apparel annually from Sri Lanka. ‘George’ is the trademark name of clothes sold in the UK supermarket chain Asda. At the headquarters, the High Commissioner was shown a selection of the variety of high quality clothing produced in over 60 factories across Sri Lanka which have helped make George the fastest-growing retail brand of school uniforms in the United Kingdom. The High Commissioner also saw the state-of-the-art Global Intimates factory, where underwear for George is... 

Laksala ranked amongst Sri Lanka’s 100 most respected entities – 2014

Published : 12:00 am  August 13, 2014  |  Category: Business  |  Leave a Comment  |  214 views  |  

Laksala – the most renowned shopping destination in Sri Lanka has added yet another feather to its cap by gaining recognition among the 100 Most Respected Entities – 2014, compiled by LMD – The Voice of Business and Nielsen – International Research & Analytical Organisation. The analysis was based on criteria such as financial performance, quality consciousness, management profile, honesty, innovation, dynamism, corporate culture, vision and nation-mindedness. In keeping with the vision to uplift traditional skills in rural areas, Laksala is playing a pivotal role in fostering SMEs taking inspiration from the ‘Divi Neguma’ program, while making a valuable contribution towards... 

Logiventures scores regional first with 24 MW power plant relocation

Published : 12:17 am  August 12, 2014  |  Category: Business  |  Leave a Comment  |  595 views  |  

Transports over 1600 tons over two months from Colombo to Pakistan Scoring a regional first, Logiventures Ltd, Sri Lanka’s leader in project logistics successfully relocated an entire 24 Mega Watt power plant from Colombo to Karachi, Pakistan. The project consisted of an overland transportation component and a shipping component, both of which required specialised skills and equipment. The land segment of the mega move required Logiventures to lift and handle four 108 tonne diesel engine generators located in Horana with the use of synchronised hydraulic jacks and stools and beams to carry the special weight prior to moving it 65 km overland to the Colombo Port. This required highly specialised... 

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