Trade agreement with Vietnam on the cards

Published : 12:12 am  August 16, 2014  |  Category: Business  |  Leave a Comment  |  345 views  |  

Historic trade talks start 21 August in Vietnam: Rishad Been expecting this for a long time: Ambassador Thanh SL-Vietnam trade surge by massive 88% YoY YoY exports up by 107% As YoY bilateral trade jumped by a huge 88%, the possibility of a first-ever official trade agreement with one of the most discerning Asian suppliers to Sri Lanka has edged closer to reality last week.    Outgoing Ambassador Plenipotentiary and Extraordinary of Vietnam to Sri Lanka Ton Sinh Thanh in discussions with Industry and Commerce Minister Rishad Bathiudeen “Our record exports today at $ 130 b were strongly supported by the seven FTAs that we entered into. An FTA with Sri Lanka can boost bilateral... 


Richard Pieris records PAT growth of 106% in Q1 2014/2015

Published : 12:11 am  August 16, 2014  |  Category: Business  |  Leave a Comment  |  366 views  |  

The Richard Pieris Group ended its 1st quarter on a strong note, reporting a growth of 106% in its net profit when compared to the corresponding period of the previous year.    Chairman Dr. Sena Yaddehige The three months ended 30 June 2014 evidenced a steady performance in all its major sectors with a reported quarterly turnover of Rs.8.8bn, which is a 7% growth over and above last year. The reported profits represent business profits, and do not include any gains of a capital nature. The Retail Sector of the Group comprises of Arpico Super Centres and the network of Arpico outlets scattered island wide. The sector had a dynamic first quarter as usual and the main focal point was... 


Everyone’s a winner with Micromax’s ‘Scratch & Win’ lucky draw competition

Published : 12:09 am  August 16, 2014  |  Category: Business  |  Leave a Comment  |  248 views  |  

Micromax Sri Lanka along with Metropolitan Telecom Services Ltd, National Distributor for India’s leading handset manufacturer recently concluded its novel ‘Scratch & Win’ promotion with the conducting of its ‘grand draw’. The promotion which was held during the months of April and May rewarded every Micromax mobile phone purchaser. Over 20,000 instant prizes were offered and among the range of valuable gifts were t-shirts, umbrellas, travelling bags and caps. The Grand Draw included attractive prizes of five 100CC TVS Metro Motorbikes and twenty 32” Sony LED TVs. Here some of the grand prize winners of the Micromax ‘Scratch & Win’ promotion with Micromax officials.  Read More →


ExcelSoft launches ‘Foresight’ for apparel industry

Published : 12:41 am  August 15, 2014  |  Category: Business  |  Leave a Comment  |  428 views  |  

Sri Lanka’s leading software solution company launches cutting edge planning and scheduling tool ExcelSoft, Sri Lanka’s premier high performance enterprise solutions software company recently announced the launch of Foresight – performance optimised graphical production planning and scheduling tool, designed specifically to maximise the usage of available, finite capacity and to improve on time delivery in high volume production environments. Launched recently at Trend Setters, a long standing ExcelSoft partner, the system has already successfully enhanced production capabilities across the company’s production line. Explaining the core benefits and value addition provided by Foresight,... 


Cricketing legend Gary Kirsten inspires Unilever Sri Lanka leadership

Published : 12:37 am  August 15, 2014  |  Category: Business  |  Leave a Comment  |  219 views  |  

The senior managers at Unilever Sri Lanka recently had the opportunity to attend an exclusive session with former South African cricketer, and the coach of the World Cup Champion Indian cricket team, Gary Kirsten. Kirsten is no stranger to cricket lovers in Sri Lanka, and is well known amongst cricketing fans for being the driving force behind the turnaround of Indian cricket, which ultimately led to their World Cup victory in 2011. Unilever Sri Lanka is at a crucial point at its business, where the team is on the journey of accelerating growth to meet many stretching ambitions and goals. With a group of talented and motivated individuals ready to pull the business to greater heights, it was... 


Book on Sri Lanka’s trade regulations released

Published : 12:36 am  August 15, 2014  |  Category: Business  |  Leave a Comment  |  192 views  |  

Local importers and exporters can now have access to a book, which consists of all the regulations governing the country’s imports and exports. The new book, published under the title of ‘Sri Lanka Trade Regulations – Index of Regulations relating to Imports and Exports’ was compiled by Verite Research, Sri Lanka and promoted by the Ceylon Chamber of Commerce. At present, there is no single location/publication where traders can access all the regulations governing international trade. The joint exercise by the Chamber and the Verite Research is aimed at assisting traders by collecting information about all regulations governing trade and presenting it in a single location, in a user-friendly... 


Industrial Excellence Awards 2014 set for October

Published : 1:21 am  August 14, 2014  |  Category: Business  |  Leave a Comment  |  321 views  |  

The Industrial Excellence Awards (IEA) 2014, sponsored by Union Bank of Colombo PLC, is planned for October 2014.  The event is an initiative of the Sri Lanka Chamber of Small and Medium Industries (SLCSMI) recognising business excellence of entrepreneurs. “The awards exemplify how businesses can contribute to the sustainable development of the Country. We are proud to be conducting the Industrial Excellence awards for the eighth consecutive year. The closing date for applications is 31 August and we encourage all small and medium entrepreneurs to make use of this opportunity afforded to them to participate in this programme,” stated Mohideen Cader, President of SLCSMI. The SLCSMI anticipates... 


LAUGFS Gas bags 6 international awards for Annual Report 2014

Published : 1:20 am  August 14, 2014  |  Category: Business  |  Leave a Comment  |  462 views  |  

Ranked 25th among top 100 reports worldwide The Annual Report 2014 of LAUGFS Gas PLC was recognised internationally, by multiple awards at the prestigious 2013 Vision Awards of the League of American Communication Professionals (LACP) and the 28th Annual International ARC Awards. The report, themed ‘Unstoppable – story of the lion hearted company continues’ was the first Integrated Report of LAUGFS Gas PLC and was also the first step towards integrating the Environmental, People, Economic and Financial performance reporting. LAUGFS gained international recognition at the 2013 Vision Awards, winning the Platinum Award for excellence within the industry on the development of the Annual Report,... 


Sri Lanka-Vietnam Business Centre launched to strengthen Sri Lanka-Vietnam ties

Published : 12:44 am  August 14, 2014  |  Category: Business  |  Leave a Comment  |  267 views  |  

The APL Group of Companies in collaboration with the Embassy of Vietnam, Sri Lanka launched the Sri Lanka-Vietnam Business Centre with the aim of strengthening relations between the two countries. The launch took place on 6 August, under the auspices of Central Bank Governor Ajith Nivard Cabraal and Ambassador of Vietnam to Sri Lanka Ton Sinh Thanh, along with the participation of APL Group of Companies Chairman Aruna Lekamge. The opening of APL Green Towers – Sri Lanka’s first 100% solar-powered building was also held concurrent to the launch and was the highlight of the event. The Business Centre will carry out their operations from this premises, which will give them the edge in maintaining... 


SLANZBC holds 19th AGM

Published : 12:42 am  August 14, 2014  |  Category: Business  |  Leave a Comment  |  161 views  |  

The 19th Annual General Meeting of the Sri Lanka – Australia – New Zealand Business Council (SLANZBC) of the Ceylon Chamber of Commerce was held recently at the Taj Samudra Hotel. Addressing the members, President of the council Lionel D.C. Silva, the Chairman, Lidechsi Group of Companies, who was re-elected for the term 2014-2015 stressed that the Council will work on promoting Sri Lanka’s trade activities with Australia and New Zealand, by proactively engaging with the Board of Investments of Sri Lanka, Department of Commerce, Export Development Board and AUSTRADE. According to Silva during the concluded year, the council conducted several important activities such as, holding an interactive... 


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