Orange Electric sweeps the board at National Business Excellence Awards

Published : 3:12 am  January 3, 2015  |  Category: Business  |  Leave a Comment  |  1,198 views  |  

Selected overall winner across Sri Lanka commercial sector The flagship brand of the Orel Corporation, Orange Electric won the highest number of golds at the National Excellence Awards, held at Hilton Colombo last week. Australian High Commissioner Robyn Mudie was chief guest at the event. Competing against some of the country’s blue chips and premier organisations across the industry in all sectors, Orange Electric secured five golds including the topmost award for overall winner in business excellence. The judging criteria of the National Business Excellence Awards are based mainly on the formula used by the European Federation of Quality Management (EFQM), the standard for Europe, as well... 


Pan Asia Bank welcomes 2015

Published : 3:10 am  January 3, 2015  |  Category: Business  |  Leave a Comment  |  468 views  |  

The senior management and the staff of Pan Asia Bank ceremonially welcomed the year 2015 at its head office in Colpetty on 1 January 2015. The bank’s Director/CEO Dimantha Seneviratne addressing the staff at this special occasion acknowledged the continued support and untiring efforts rendered by all staff members during year 2014. “I have immense confidence in the spirit of team Pan Asia and look forward to reaching greater heights in the year ahead,” he further added. Seneviratne also mentioned some of the noteworthy achievements of the bank in 2014 such as the exceptional growth in the Sammana (Special Senior Citizens Account) portfolio, SME driven growth in retail sector, credit cards... 


‘Mahinda Chinthana Punarjeevana’ brings in Rs. 400 m monthly to STC

Published : 3:09 am  January 3, 2015  |  Category: Business  |  Leave a Comment  |  330 views  |  

By Inshira Shainaz Sri Lanka State Trading (General) Corporation (STC) which had run at a loss has derived an income of Rs. 400 million by implementing the ‘Mahinda Chinthana Punarjeevana’ program. The main objective of STC is to provide quality goods based on the requirements of the customers at a low cost. Accordingly steps have been taken to provide electrical items and furniture including televisions at a reasonable price on an easy payment scheme, stated STC Chairman Pradeep Gunawardena at a recent press conference.   Gunawardena commented that in year 2000, it was decided to close down the State Trading Corporation due to an institutional loss of income. Although after President... 


Rupee forwards ease on importer dollar demand

Published : 3:08 am  January 3, 2015  |  Category: Business  |  Leave a Comment  |  296 views  |  

Reuters: Rupee forwards ended weaker on Friday as importer dollar demand surpassed inward remittances, while exporters stayed away hoping for further weakening of the currency, dealers said. Four-day forwards, which were actively traded, ended at 132.25/30 per dollar compared with Thursday’s close of 132.20/30, dealers said. “There were inward remittances, but importer demand was also seen. There is pressure to depreciate,” a dealer said. Rupee forwards were maintained around 132.00 in December as the Central Bank defended the currency through moral suasion. The spot currency was not traded on Friday. Dealers said unusually high imports towards the end of 2014, amid lower interest rates... 


Arpico adds 6 more ‘Daily’ outlets to its retail chain

Published : 12:00 am  January 2, 2015  |  Category: Business  |  Leave a Comment  |  568 views  |  

The Arpico retail chain in Sri Lanka has opened six more ‘Daily’ supermarkets between October and December 2014, taking the total number of Arpico retail outlets in Sri Lanka to 60. The latest Arpico ‘Daily’ outlets opened at Meegoda, Arewwala, Kuliyapitiya, Pokunuwita, Athurugiriya and Weliweriya are a microcosm of the Arpico shopping experience, representing the product diversity and multi-brand choice that are the hallmark of the larger Arpico Supercentres, the company said. Arpico Daily outlets offer fast moving consumer goods, daily essentials, dairy products, fresh fruits, vegetables, meats and seafood, household items such as kitchenware, glassware and plastic items, toys, stationery,... 


Bankers group backs President Rajapaksa

Published : 12:16 am  January 1, 2015  |  Category: Business  |  3 Comments  |  913 views  |  

By Marisa Wikramanayake Re-electing Mahinda Rajapaksa will prevent privatisation and allow the Sri Lanka to move forward in development, according to the Professional Bankers’ Joint Organisation. I.M. Premarathna, S. Annasiwatte, P.A. Saman, Sanjaya Rathmanagolla and N. H.N.L. Navaratna from the Professional Bankers’ Joint Organisation speaking to members of the media and the banking sector yesterday – Pic by Lasantha Kumara   “UNP Leader Ranil Wickremesinghe wanted to privatise the banks in 1994,” Senior Bankers National Joint Organisation’s Secretary S. Annasiwatta said, addressing the media and members of the banking community at an event held yesterday at the Lakshman... 


SLIM triumphs at National Business Excellence Awards for 4th consecutive year

Published : 12:15 am  January 1, 2015  |  Category: Business  |  Leave a Comment  |  304 views  |  

For the fourth year in a row, Sri Lanka Institute of Marketing (SLIM) has been recognised for outstanding performance and all round excellence at the prestigious National Business Excellence Awards (NBEA), the most acclaimed and benchmarked event of evaluating and acknowledging business excellence in the country. SLIM officials receiving the accolade at the NBEA Awards     SLIM was presented with an award at NBEA 2014 held recently at Hilton Hotel Colombo for excellence in a number of diverse areas such as leadership, corporate governance, capacity building, performance management, local and global market reach, corporate social responsibility and environmental sustainability and business... 


New MD at Eastern Merchants

Published : 12:15 am  January 1, 2015  |  Category: Business  |  Leave a Comment  |  360 views  |  

Eastern Merchants Plc has announced the appointment of Channa S.L. De Silva as the new Managing Director of the company and its subsidiaries, Eamel Exports Ltd. and Spice Lane Ltd., with effect from today. The appointment follows the retirement of longstanding Managing Director Anil Karunaratne. De Silva was previously a director and holds 12.4% stake along with Chairman J.B.L. De Silva who holds 27.57% and H.J. De Silva who has 13.73% stake. Another Director C.I. Tilakaratne also holds 13% stake. After completing his Bachelors’ degree in the fields of Econometrics and Marketing from the University of Sydney, De Silva completed a Master’sdDegree specialising in Finance at the same institution.... 


Colombo Port invites public to visit

Published : 12:14 am  January 1, 2015  |  Category: Business  |  Leave a Comment  |  407 views  |  

The Sri Lanka Ports Authority (SLPA) said yesterday the general public will be able to visit the Port City Project and Colombo Port Expansion Project on 3 and 4 January. At the dawn of a new year and also considering the request made by the general public from time to time, the ongoing Port City Project and Colombo Port Expansion Project will be opened to the general public on 3 and 4 January from 8 a.m. to 6 p.m. on both days. This will enable the public to visit and witness two major development projects at Colombo Port, SLPA added.  Read More →


Ceylon Chamber sets new goals for 2015

Published : 12:13 am  January 1, 2015  |  Category: Business  |  Leave a Comment  |  392 views  |  

Noting that dawn of the new year is an ideal moment to set goals and make plans to achieve desired objectives, the Ceylon Chamber of Commerce said it will continue to work hard during 2015 as well to promote trade, investment and tourism opportunities for Sri Lanka by working with overseas partners while also tirelessly continuing to provide other services to the local business community. The Ceylon Chamber, in a statement, also extended its wishes for a very happy new year to the Sri Lankan public.  Read More →


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