Sampath Bank celebrates Green Day

Published : 1:29 am  July 19, 2014  |  Category: Business  |  1 Comment  |  217 views  |  

‘Burn Calories – Not Electricity’ was the message for Sampath Bank’s employees on the Bank’s Green Day 2014. Pennants with the messages were displayed in advance and on the Green Day – 20 May, the staff at head office led by the Managing Director walked up to eight floors sending a strong message to everyone on the need to save energy. On the theme ‘Love Life – Love Nature’ the Sampath Bank Nature Protection Club (SNaPC) distributed valuable plants on Green Day to those who really can look after a plant until it grows. They were given the option to select plants of their choice. Since Green Day 2013 when the event was held for the first time, the bank started the calculation... 

Janashakthi provides over Rs. 26 m insurance protection to Sirasa Superstar finalists

Published : 1:29 am  July 19, 2014  |  Category: Business  |  Leave a Comment  |  240 views  |  

Janashakthi Insurance recently provided Rs. 10 million personal accidental death cover to the winner of popular TV reality show Sirasa Superstar, Gayan Arosha, in their capacity as the official insurance partner for Season 6.  First runner up Chamara Prasad also received coverage worth Rs. 5 million, while second runner up Tehani Imara received coverage worth Rs. 1 million, as did 10 other finalists. Janashakthi Insurance has consistently stepped forward to provide a sound financial protection to the dependents of leading young emerging artists in Sri Lanka as part of their commitment to youth development. “We believe in supporting young up and coming musicians, giving them the confidence... 

Scan Jumbo peanuts offer mountain bikes

Published : 1:25 am  July 19, 2014  |  Category: Business  |  Leave a Comment  |  199 views  |  

Scan Jumbo Peanuts, the category leader and pioneer brand of the packeted peanut industry, offers 50 mountain bikes within a period of 45 days to its loyal consumers. Starting on 7 July, the promotion will go on till 20 August 2014. This is a very special consumer promotion we have planned to respect our brand customers,” says Brand Manager Gayan Wijethilake. One can qualify to enter the promotion by sending an empty pack or packs to Scan Products Division, P.O. Box 161, Colombo. Scan Jumbo Peanut, made to suit the palette of the local customers is available in several pack sizes to suit the purse of the consumer. They are carefully packed ensuring freshness and cleanliness. Grade 1 cadjunuts... 

Netherlands Foreign Trade Vice Minister and delegation conclude SL visit

Published : 1:25 am  July 19, 2014  |  Category: Business  |  Leave a Comment  |  203 views  |  

Simon Smits, the Vice Minister for Foreign Trade from the Kingdom of the Netherlands and a Dutch trade delegation of five high level business representatives concluded a successful Sri Lanka visit. Right from the outset of the trade mission, the Vice-Minister emphasised that after a 40 year focus on development cooperation – this mission is the start in a long term heightened trade relationship between the two countries, giving credibility to the Dutch Embassy’s motto: Sri Lanka – The Netherlands, Old Friends – New Trends. The minister at first hand experienced the vast strides Sri Lanka has been making in the economic sphere in the post conflict phase. He was particularly pleased with... 

Abans adorns picturesque Arcade with world’s best brands

Published : 12:00 am  July 18, 2014  |  Category: Business  |  Leave a Comment  |  428 views  |  

On 13 July the majestic Arcade Independence Square was formally declared open by President Mahinda Rajapaksa amongst a galaxy of dignitaries, which included Defence Secretary Gotabaya Rajapaksa, Ministers and Parliamentarians. The Arcade Independence Square is the most recent of a series of restorations of colonial architecture and heritage sites undertaken by the UDA in a massive development drive to beautify the city of Colombo. Expatriates visiting Sri Lanka and tourists are amazed at the rapid development taking place in infrastructure as well as a total transformation in beautification of the city and amenities. Abans in a statement said it was proud and privileged to have been allocated... 

BOI promotes Sri Lanka at Tel Aviv Business Forum

Published : 12:00 am  July 18, 2014  |  Category: Business  |  Leave a Comment  |  276 views  |  

The Board of Investment of Sri Lanka recently engaged in promotion of investment at an important event held in Tel Aviv, Israel. BOI Chairman Dr. Lakshman Jayaweera briefed the business community of Israel on the potential Sri Lanka has to offer to Israeli investors.  His presentation covered Sri Lanka’s strategic position, business friendly climate and attractive regime of incentives offered to investors.  He was assisted by Duminda Premaratne, Deputy Director (Investment Promotion). The Israeli private sector representatives present at the Forum included entrepreneurs engaged in a wide range of sectors such as tourism, high-tech industries, water, energy, medical equipment manufacturing,... 

SL B&B platform enters second phase with renewed vigour and stewardship

Published : 12:00 am  July 18, 2014  |  Category: Business  |  Leave a Comment  |  139 views  |  

The Sri Lanka Business and Biodiversity (SL B&B) platform of the Ceylon Chamber of Commerce recently appointed its second Advisory Committee for its new term of operation. The overall mandate of the platform is to encourage dialogue amongst stakeholders, and to help raise awareness on biodiversity and sustainability issues amongst the Sri Lankan business community. Working to assist companies in understanding and mainstreaming biodiversity, the platform has the ultimate aim of ensuring that a majority of companies will eventually be on a sustainable ecological footing with a vastly reduced negative impact upon biodiversity. The Advisory Committee’s newly appointed Chairman Dilhan C. Fernando... 

EDB enters WTO’s global benchmark

Published : 1:45 am  July 17, 2014  |  Category: Business  |  Leave a Comment  |  381 views  |  

Confidential int’l ranking places EDB close to OECDs EDB has done quite well: WTO/ITC’s Labbe KPIs needed for export sustainability: EDB’s Egodage Should move to High TPO range next: WTO/ITC’s Labbe For the first time, Sri Lanka’s apex exports body EDB has entered WTO/UNCTAD/ITCs benchmark of global export agencies – that too, among the top 10 in its very first effort. “EDB has done quite well in International Trade Centre’s 2012 Lanka EDB benchmarking test. EDB has come to sixth spot among 30 national trade promotion organisations across the world, benchmarked by us-the International Trade Centre under WTO and UNCTAD,” announced the Geneva-based Martin Labbe (Senior Officer,... 

Dutch assistance to boost SL economy

Published : 1:44 am  July 17, 2014  |  Category: Business  |  Leave a Comment  |  322 views  |  

The Netherlands plans to provide Sri Lanka with technical and specialist knowledge, said Netherlands Vice Minister of Foreign Trade Simon Smits, when he met Economic Development Minister Basil Rajapaksa at the Ministry office on 15 July. At the meeting a Memorandum of Understanding was signed on assisting Sri Lanka in the construction of 467 rural bridges under the program to build 1,210 rural bridges islandwide to strengthen the rural economy by reducing the gap between the village and town. Vice Minister Smits is currently on a four-day visit here.  He is accompanied by a business delegation comprising representatives of leading Dutch companies. Minister Basil Rajapaksa also discussed with... 

SLINTEC unveils new chapter in advanced textiles with MAS Innovation

Published : 1:43 am  July 17, 2014  |  Category: Business  |  Leave a Comment  |  332 views  |  

Sri Lanka Institute of Nanotechnology (SLINTEC) and MAS Innovation Ltd have entered into a research agreement to enhance odour management properties in polyester garments. SLINTEC, which specialises in nanotechnology research and development, is focused on making discoveries with worldwide impact. Its mandate is to add value to the Sri Lankan industries by helping them contribute to the GDP through innovations in nanotechnology and other advanced technologies.  Read More →

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