Yamaha Motorcycles: Leading the pack

Published : 12:00 am  August 2, 2014  |  Category: Business  |  Leave a Comment  |  235 views  |  

Yamaha is a name that has been trusted and respected for countless generations. Both in Sri Lanka, and abroad the mere mention of the name in motorcycle communities embodies power, prestige and reliability – all strong hallmarks of the Yamaha brand. However, Yamaha didn’t achieve this success overnight. The Yamaha Motorcycle story has been a long time in the making, and started some 60 years ago, with Genichi Kawakami. Formed out of Genichi’s passion to start something new, and heralding from his family’s successful musical instruments business, Yamaha Motors was born. Having experimented with sewing machines, automobile parts, three-wheelers and scooters, it was finally settled that... 

Kunming ’14 rakes in $ 4.6 m in orders for Lankan businesses

Published : 12:00 am  August 2, 2014  |  Category: Business  |  Leave a Comment  |  269 views  |  

Good run: Rishad 181 Lankan firms in delegation: Egodage Pulls strong crowds at 22nd Kunming fair in Yunnan Loads of visitors for Lankan gems and Ayurveda Some Lankan firms in talks with Chinese retail chains      Minister of Industry and Commerce Rishad Bathiudeen (centre) readies to inaugurate Sri Lanka Pavilion at the Kunming 2014 Expo on 6 June in Kunming, Yunnan Province Sri Lanka has garnered more than $ 4.6 m in orders at the recently-concluded Kunming Int’l Fair in China – and this too is only from the initial overview of Kunming outcomes rather than any in-depth totals. “I am pleased about the performance of the delegation of 119 companies and businesses.... 

Virtusa wins accolade for employee engagement practices at National HR Conference 2014

Published : 12:00 am  August 2, 2014  |  Category: Business  |  Leave a Comment  |  301 views  |  

Virtusa Corporation, a global business consulting and IT outsourcing company that combines innovation, technology leadership and industry solutions to transform the customer experience, was awarded the ‘Employee Engagement Special Category Award’ at the recently-held National HR Conference 2014 Sri Lanka. Virtusa received this award, one of the only three special category awards handed out at the event, for exceptional contribution towards driving organisational performance though positive engagement.    Virtusa Director – HR Chandi Dharmaratne (right) accepting the ‘Employee Engagement Special Category Award’ at the National HR Conference 2014 Sri Lanka held recently Accepting... 

Odel reports revenue growth of 13.5% in first quarter

Published : 12:00 am  August 2, 2014  |  Category: Business  |  Leave a Comment  |  179 views  |  

Odel PLC has reported sales of Rs. 1,096 million for the first quarter of 2014-15, an increase of 13.5% over the corresponding quarter of the previous year. Gross profit for the three months ending 30 June 2014 amounted to Rs. 449.5 million, a growth of 12%, the Group said in a filing with the Colombo Stock Exchange. However, higher administrative costs mainly due to increased rent and employee costs together with increased finance costs impacted profitability. The bottom line was further impacted with a drop in other investment income in a low interest rate environment resulting in a marginal profit for the quarter. In the quarter under review the company made an investment of Rs. 800 million... 

Causeway Paints celebrates 20 years of colouring the nation

Published : 12:38 am  August 1, 2014  |  Category: Business  |  Leave a Comment  |  295 views  |  

When discussing paints and colours, Causeway Paints, a brand that is in the forefront of the paints sphere of the country, is unforgettable. Causeway Paints Ltd., launched in the year 1994 as a BOI Project, has constructed a firm base here in making Sri Lanka more colourful, emerging victorious in overcoming the situation that prevailed in the country at that time and the challenges from the market, with the dedication of the 35 years field experience of the staff of the mother company in Singapore. The objectives of Causeway Paints, ably steered by Chairman Tay Wee Meng, Managing Director M.K. Mowjood, Production Director Chua Tiong Joo, General Manager V. Kiritharan and Asst. Sales Manager... 

Thomas Daetwyler appointed to Lanka-Baur Holding S.A. Board

Published : 12:38 am  August 1, 2014  |  Category: Business  |  Leave a Comment  |  265 views  |  

The Chairman of A. Baur & Co. Ltd. Thomas Daetwyler has been elected to the Board of Directors of Lanka-Baur Holding S.A. which is the owning company of both A. Baur & Co. Ltd., Sri Lanka and Baur Asia Ltd., Singapore. After 16 years with Baurs Thomas Daetwyler handed over the leadership of A. Baur & Co. Ltd. at the beginning of 2014 to Lakshman Niyangoda as new Chief Executive Officer/Managing Director. With this appointment Lanka-Baur Holding S.A., Switzerland shows once more its commitment to Sri Lanka in the spirit of its founder Alfred Baur who established Baurs in 1897.  Read More →

Colombo Dockyard celebrates 40 years of excellence

Published : 12:25 am  August 1, 2014  |  Category: Business  |  Leave a Comment  |  258 views  |  

Providing ship repairers, ship builders and heavy engineers The Colombo Dockyard Plc will today mark the successful completion of 40 years of operations. 1974-2014: Forty years of excellence   Colombo Dockyard was established in 1 August 1974, with the prime objective of providing ship repair facilities to the local industry requirements. The shipyard had evolved over the last four decades from a small time repair work shop to a full service ship repair facility acclaimed as an international shipyard competing with the best in the world. In addition to attending to ship repair work, the shipyard was also entrusted with the responsibility of building small patrol boats to the Sri Lanka Navy... 

Haycarb records turnover of Rs. 2.4 b, PBT of Rs. 170 m for Q1 2014/15

Published : 12:22 am  August 1, 2014  |  Category: Business  |  Leave a Comment  |  178 views  |  

Sri Lankan multinational Haycarb PLC reported a turnover of Rs. 2.4 billion and profit before tax of Rs. 170 million for Q1 2014/15. The profit after tax stood at Rs. 143 million. Haycarb PLC Managing Director Rajitha Kariyawasan commenting on the results of Q1 stated: “Sri Lanka operations faced significant challenges during the first quarter of the year, as raw material prices increased approximately 20% compared to the previous year. The situation was compounded by the scarcity of charcoal in India where Haycarb Sri Lanka procures a large portion of its requirements. Similarly the charcoal prices in Indonesia rose significantly close to 20% followed by a lesser impact in Thailand where the... 

Business psychology: Understand before seeking to be understood

Published : 12:22 am  August 1, 2014  |  Category: Business  |  Leave a Comment  |  200 views  |  

Business psychology is the scientific study of how psychological theories and skills can be applied to different areas of a business organisation to improve the productivity and efficiency of the organisation, while enhancing the satisfaction and quality of work life of the individuals involved. Business psychology is one of the latest trends in the corporate sector and the organisations are moving away from traditional HR and management theories in to more strategic, research based and advanced tools and methods. Psychology for HRM All businesses revolve around its people. Job dissatisfaction, absenteeism and problems in retention are main issues faced by HR professionals. Recruitment and selection... 

Sri Lanka’s ‘greenest’ apparel factory Mihila reinforces its commitment to sustainability

Published : 1:12 am  July 31, 2014  |  Category: Business  |  Leave a Comment  |  437 views  |  

     From left: Mihila General Manager Chamara De Silva, Mihila Director Operations Indrajith Kumarasiri, The Carbon Consulting Company CEO Sanith de S. Wijeyeratne and The Carbon Consulting Company Assistant Manager – Sustainability Solutions Lakmini Senadheera The county’s iconic green factory – the Hirdaramani Group’s Mihila Factory – recently re-certified itself as having completely offset it entire operational carbon footprint. Asia’s first CarbonNeutral apparel manufacturer and the first in Sri Lanka to continually maintain its CarbonNeutral status over three years, the Mihila Factory continues to drive environmental sustainability as a vital aspect of its... 

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