HDFC Bank of Sri Lanka, the premier housing finance bank in the country signed a Memorandum of Understanding with the Central Bank of Sri Lanka recently which enables HDFC to further diversify its loan portfolio towards dairy development industry. This newest ‘Commercial Scale Dairy Development Loan Scheme (CSDDLS)’ will focus medium and large scale entrepreneurs…
Following a series of successful and innovative product developments, Prima Stella Instant Noodles re launched its favourite chicken flavor along with a vegetable sachet, targeting the entire family and guaranteed to thrill the taste buds of all noodle lovers. The new product was recently revealed for the first time at a grand unveiling that took place…
How far is advertising, as an agency relevant today in a world of modern technology where communication modes are at one’s fingertips and also ‘word of mouth’ carries a lot of credibility? Are the advertising agencies losing their relevance? The answer will be a ‘yes’ or even a ‘maybe’. However, Chris Thomas who is the…
Work In Sri Lanka, a volunteer-led brain gain initiative that aims to position Sri Lanka as an attractive work destination, for highly skilled individuals and high caliber businesses, held its quarterly meet up in Colombo recently. The event was attended by nearly hundred expatriate Sri Lankans who have recently returned to Sri Lanka from countries…
Company honored by American Business Awards for its technology-driven HR initiatives WESTBOROUGH, Mass: Virtusa Corporation (NASDAQ: VRTU), a global business consulting and IT outsourcing company that combines innovation, technology leadership and industry solutions to transform the customer experience, today announced that it has won a Silver Stevie® Award for ‘Human Resources (HR) Department of the Year’…
The insurance solutions provider wins the ultimate recognition for sales professionalism Asian Alliance Insurance PLC earned national recognition for its premier standards at the NASCO Annual Awards recently when its valued corporate sales team bagged the prestigious Gold Award 2014 in the category of Territory Manager (Insurance Industry) for outstanding sales professionalism. Clement Senaratne,…
The National Mobile Service Provider Mobitel recently unveiled the newly refurbished prenatal and postnatal units of the Nawagaththegama Regional Hospital, along with the special labour ward which received a new facelift courtesy of Mobitel. The refurbishment was carried out as a Corporate Social Responsibility (CSR) initiative for the betterment of the people in the Nawagaththegama…
Asia-based OMESTI Group, part of IT conglomerate Formis Resources Berhad, has formed a strategic partnership with Microimage of Sri Lanka to bring leading-edge Human Capital Management (HCM) solutions to Asian markets. Known as MIHCM (Microimage HCM) Asia, the new venture will use Kuala Lumpur as a launchpad to deliver proprietary HCM solutions to South East…
The 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, Mr. Rajitha Kariyawasan commenting on the results of Q1 stated that “Sri Lanka operations faced significant challenges during…
The National Mobile Service Provider Mobitel received international recognition recently when it was awarded the prestigious ISO 27001:2005 certification for the company’s solid and reliable Information Security Management System (ISMS) for securing information within the organisation and ensuring safety and reliability to its customers. The globally recognized ISO 27001:2005 certification safeguards the confidentiality, integrity and…
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