Firstsource Dialog Solutions, the joint venture between Firstsource Solutions and Sri Lanka based Dialog Telecom Axiata PLC yesterday announced that it has significantly grown it’s Sri Lankan business since inception in May 2011. Firstsource Dialog Solutions (FDS), a joint venture between Firstsource and Sri Lanka’s Dialog Axiata (FDS) contributed significantly to Firstsource’s A...

 Rs. 1.4 b forex drags bottom line down by 72% to Rs. 365 m Sri Lanka Telecom (SLT), the leading national integrated telecommunications service provider, said yesterday it continued its financial trajectory, complemented with pragmatic operational initiatives, to deliver Q1 2012 results with a growth of 9% in revenue and 14% in operating profit. The ...

Posts Rs. 2.1 b non-cash forex loss from rupee devaluation Dialog Axiata PLC yesterday announced its consolidated financial results for the three months ending in March. Financial results included those of Dialog Axiata PLC and of the Dialog Axiata Group post-consolidation with subsidiaries Dialog Broadband Networks (Pvt) Ltd. (DBN) and Dialog Television (Pvt) Ltd. (DTV). ...

Vista Advertising and Business Consultants (Pvt) Ltd was given a special recognition award for its outstanding contribution, to build technology giant Hewlett-Packard’s Personal Systems Group brand in the Sri Lankan market. Over 20 years of growing brands gives Vista Advertising a unique edge in providing a whole array of services to clients. Vista’s innovative style ...

By Patricia A. Butenis The 20th century American politician Thomas “Tip” O’Neill once famously said that “all politics is local”. That was often true of the news in the last century as well. With the advent of so many technological changes, however, the truism for information in the 21st century has become “all news is ...

The need for an integrated program on a war footingIn 2008, eight prizewinning economists were asked to list the type of projects which would do the most good for the most number of poor people, if they had an imaginary $ 75 million to spend. Half of their proposed projects involved nutrition. There has been ...

Minister of Economic Development Basil Rajpaksa declared open the newly built Green Paradise Agro Eco Hotel in Dambulla on 29 April. Total investment for Green Paradise Agro Eco Hotel is Rs. 1,200 million.       The Green Paradise Resort is located in Dambulla, in the central province of Sri Lanka. Nestled in the jungles of the cultural triangle, the re...

By EMMA STONEY New York Times: WELLINGTON — When you think of Sri Lanka, rugby is not generally something that springs readily to mind. The island nation is certainly better known for cricket, tea exports and its recently ended civil war. But Sri Lanka’s British colonial forefathers left behind more than cricket as a sporting ...

By Marianne David HSBC and the British Council launched ‘HSBC Youth Enterprise Awards 2012’ yesterday, a business plan contest aimed at recognising young entrepreneurs in Sri Lanka. Open to Sri Lankan undergraduates, postgraduates and students aged 16 to 26 representing universities, private higher education institutions, technical and vocational institutions and professional training ...

Wins four coveted metalsLeo Burnett Solutions Inc., the Sri Lankan office of the globally recognised network dominated the Goa Fest advertising award festival by winning four coveted metals in a cross section of categories, for its clients Cargills Ceylon, Akzo Nobel – Dulux and the Sri Lanka Eye Donation Society (SLEDS) last weekend in Goa. ...

HSBC Signature cardholders, an exclusive circle of customers, have been offered a 10 per cent discount on Emirates First and Business Class travel from Colombo to ten popular destinations. The exciting promotion valid from 1 April to 30 June is applicable for both return and one-way tickets purchased on-line via www.emirates.com/lk from 1 April to ...

Emmanuel Ray, winner of Fashions Finest’s Fashion Icon of the Year award (2011), has been asked to officially open Gibraltar Fashion Week commencing 19 April 2012. Emmanuel will meet with fashion designers, press and a selection of important members of the Gibraltarian government. Reene Weston, designer and organiser had the following to say about why she chose ...

Last Sunday when the unknown Ajinkya Rahane scored 103 runs off just 60 balls at the M. Chinnaswamy Stadium in Bangalore, which helped the Rajasthan Royals to score a massive 195 runs at IPL season five, my mind went to just one ethos the IPL is all about – highlighting performance. It is how IPL ...

Reuters: U.S. employers hired far fewer workers in March than in previous months, keeping the door open for the Federal Reserve to provide more monetary support for a still sluggish economy. The report was seized upon by Republicans hoping to make the weak economy the centerpiece of their campaign for November’s presidential and congressional elections. ...

News Butterfly, the unique TV programme from the US’ FOX news network, is now filming in Colombo for an exclusive segment on Sri Lanka’s new upswing. News Butterfly Market Place (NBMP) is described as a ‘unique women’s movement on TV’. According to NBMP, ‘the programme is a TV Channel venture for beautiful and talented women ...

nAward-winning carrier spends Rs. 200 m on plush dedicated facility for First and Business Class passengers and Skywards Gold members Emirates has opened its own dedicated passenger lounge at the Bandaranaike International Airport, Katunayake (BIA), becoming the first international airline to invest in such a facility at the BIA. Completed at a cost of Rs. ...

The challenges Sri Lanka has to face in its march towards development are manifold. Although the war has ended the wrong political ideologies, the proposals and timetables it created are still in operation. By Government Information Department Additional Director General Chandrapala Liyanage Similarly, various social activity groups and individuals and organisations operating under the advice ...

Mohamed Reyaz Mihular took the helm of KPMG Sri Lanka with effect from 1 April 2012 with his appointment as the Managing Partner and Country Head of the Firm. Reyaz has been with KPMG Sri Lanka for over 30 years and during this time his contribution, both to the firm and the field of accountancy, ...

We do not inherit the earth from our ancestors; we borrow it from our children, as the Native American proverb goes. It is with this philosophy in mind that Jetwing Hotels will be participating in the Earth Hour campaign on 31 March. Jetwing will be the first Sri Lankan hotel chain to do so and ...

HSBC has partnered the Export Development Board (EDB) to be the Principal Sponsor – Banking Sector of the Sri Lanka Expo 2012, which began yesterday at the BMICH. It is on until Saturday from 10.a.m. to 8.p.m. The premier international trade fair aptly themed ‘Partnering with the Hub of Asia’ is expected to attract over ...

With the recent relaxing of the rupee exchange rate and subsequent increase in fuel prices, trade unions and the opposition parties are conducting protest campaigns against the Government, demanding a reduction in oil prices and the cost of living. This article investigates the living conditions of citizens in the recent past and present, quality and ...

Sri Lanka Expo 2012 will kick off from 28 to 31 March at Sirimavo Bandaranayke Memorial Exhibition Centre of BMICH, under the theme ‘Partnering with the Hub of Asia.’ This event will be organised by the Export Development Board. Having foreseen the importance of Expo 2012 to promote Sri Lanka as a destination, Sri Lanka ...

Titan Fleet Management, France a specialist yacht management company places confidence in Colombo for their repair requirements on super luxury yacht Lauren L. This seven star category 90 meter long yacht called in for repairs on 1 February. The luxury yacht called in for her 10 year class survey repairs coupled with hull surface preparation ...

To encourage the habit of saving among the women of Sri Lanka and further strengthen their financial capacity, People’s Bank has named the period between 8 March and 8 April as ‘Vanitha Vasana Month in commemorating International Women’s Day. People’s Bank CEO/GM N. Vasantha Kumar accepting a ‘Vanitha Vasana’ deposit as Head Office Branch Manager ...

 Leo Burnett Solutions Inc. commercial titled, ‘Pass it on when you’re done with it’ created for the Sri Lanka Eye Donation Society (SLEDS) continues its winning streak with a metal win in the Film Lotus category under the sub category Single Best of Social Engagement at Adfest 2012. The film made its mark in the ...

When one saw recent pictures of a fit and energetic Chief Executive of Sri Lanka Inc. dashing downfield with a football, for a moment many would have wondered if football in Sri Lanka had indeed found a new sponsor, the State itself! But with the Minister of Sports watching intently, we were soon to realise ...

Sri Lanka Telecom (SLT), the nation’s telecommunications powerhouse, launched a new Technology Experience Centre, a platform where enterprise and SME customers can experience first-hand the company’s enhanced services provided through state-of-the-art technology. The one-of-a-kind SLT Technology Experience Centre is located at the Company’s head office premises at Fort, Colombo. ...