Sri Lanka stocks close up 0.6-pct

Sri Lanka stocks close up 0.6-pct
Sri Lanka stocks close up 0.6-pct
Sri Lanka's stocks close 0.61 percent higher on Friday with beverage stocks gaining despite low foreign participation, brokers said.
Ceylon Tobacco Company closed 16.20 rupees higher at 1,197.20 rupees and Nestle Lanka closed 48.00 rupees higher at 2,148.00 rupees, contributing most to the index gain.The Colombo benchmark All Share Price Index closed 42.33 points higher at 7,034.09, up 0.61 percent. The S&P SL20 closed 26.64 points higher at 3,872.51, up 0.69 percent.

Turnover was 1.14 billion rupees, up from 888.75 million rupees a day earlier with 118 stocks closed positive against 79 negative.

Five reasons to start a business in Colombo

Lamudi_Logo_LK
 Lamudi_Logo_LK

Leading property portal Lamudi backs Sri Lanka’s capital city for commercial property

Five years after the end of the Sri Lankan civil war, Colombo has been transformed into one of South Asia’s hotspots for property investors.
With nearly a million inhabitants and a per capita income of more than $5358 USD, the city now has an impressive GDP of $5 billion USD, making it one of the richest cities in the region.
Global property portal Lamudi.lk has this week named Colombo as the country’s top location for those looking to buy commercial property. In light of the city’s incredible economic performance in recent years, Lamudi’s team of real estate experts have compiled five reasons why those looking to start a business should focus their attention on Colombo.

Amana Global, Asset and Capital gear for growth, refreshes brand identity

Amana Global new facade
Amana Global new facade
Amana Global recently unveiled a sleek, new brand identity along with its partner companies, Amana Capital and Amana Asset Management, all under the Amana Holdings Limited umbrella. Having undergone a thorough brand and purpose transformation, the group reinvents itself under the same familiar name with a contemporary new outlook. 
“Our interests stemmed from banking and have now grown to serve almost every financial requirement of the market.  We were misperceived through time to be catering only to a specific segment of consumers which we have reasonably overcome with due time and are now known to be relevant to all sections of the market. Our new brand identity seeks to portray our growing reputation for professionalism and expertise in the financial solutions and advisory landscape,” said Aashiq Aminuddin, Head of Marketing and Business Development, Amana Global Limited, on the reasons for the change. The companies are involved in investment banking, risk management, wealth and asset management.

Pope’s visit officially announced

Pope’s visit officially announced
Pope’s visit officially announced
His Holiness Pope Francis’ visit to Sri Lanka has been officially announced. This announcement was made at the Madhu Shrine by His Eminence Cardinal Dr. Ranjith Malcolm where he was the chief celebrant of festive High Mass. The Pope’s scheduled visit has also been announced by the official newspaper of the Sri Lanka Catholic Church. His Holiness Pope will arrive at the Bandaranaike International Airport on January 13, 2015 at 9.00 a.m. and will be escorted to the Bishop’s House, where he will hold a special discussion with the Bishops. A luncheon will follow. 

Hameedia Helps Drought-Stricken Families in North-East Sri Lanka

The first glass of water
The first glass of water
Hameedia recently embarked on a humanitarian mission to provide water for families most affected by the ongoing drought in North-East Sri Lanka. The Hameedia team comprising ten members visited Polonnaruwa, Sinhapura, Galloya and Higurackgoda and delivered water tanks and bottles to families most severely affected by the drought.  Due to immense poverty, thousands of people in these villages did not have access to clean water and this was creating health and sanitation problems. Hameedia partnered with the local provincial council to provide much needed relief by donating 30, 500 litre tanks and 75, 5 litre water bottles to families in need. 

Hameedia Hosts Opening Event for the International Film Festival of Colombo

Standing from left to right - Vimukthi Jayasundara, Film Director; Asoka Handhagama, Director, IFFC; Fouzul Hameedia, Managing Director, Hameedia; Yasotharan Paramanantham, Head of Retail Sales and Marketing, Hameedia; and Ramasamy Balakumar; Manager Advertising and Promotions, Hameedia
Standing from left to right - Vimukthi Jayasundara, Film Director;
 Asoka Handhagama, Director, IFFC; Fouzul Hameedia,
Managing Director, Hameedia; Yasotharan Paramanantham,
Head of Retail Sales and Marketing, Hameedia;
and Ramasamy Balakumar;
Manager Advertising and Promotions, Hameedia
Hameedia will be hosting the opening dinner for the International Film Festival of Colombo on 2 September 2014. The film festival which will take place from 2 to 7 September and is a first of its kind to be held in Sri Lanka. The opening event will bring together the Film Directors’ Guild, festival participants and audience members in an effort to celebrate a new era of Sri Lankan and international cinema. 
The International Film Festival of Colombo, was launched in association with the Okinawa International Movie Festival of Japan, to further promote the development of the film and cinema industry in Sri Lanka.  Although Sri Lankan cinema has gained recognition at various independent festivals, the country had not been able to establish an effective film festival of its own. In order to fill this void, the International Film Festival of Colombo was launched to help take Sri Lankan cinema to new heights. 

Imported levy on Potatoes and Big Onions increased

Imported levy on Potatoes and Big Onions increased
Imported levy on Potatoes and Big Onions increased
The special commodity levy on imported Potatoes and big onions have been increased to Rs 40 per kg and Rs 35 per kg form 23rd August, the Finance ministry said.
This is the second occasion, where the ministry increased the levy on imported big onions and potatoes within this month.

It said the import levy was increased to safeguard the local farmers.



Chandani Bandara takes Gold at Women’s Chamber of Industry & Commerce (WCIC) Awards

Chandhani Bandara receives the Large Scale Gold Award at the WCIC 2013 Awards.
Chandhani Bandara receives the Large Scale Gold Award
at the WCIC 2013 Awards.
Locally and internationally revered hair and beauty expert, Chandhani Bandara was presented the Large Scale Gold Award at the Women’s Chamber of Industry & Commerce (WCIC) Awards 2013 ceremony at the Kingsbury Hotel recently.  She is popularly known as the Founder and Chairperson of Chandhani Bandara Salons and the creator of the ‘4Ever Skin Naturals’ herbal beauty care range. Organized by WCIC, the event recognized and celebrated the achievements of Sri Lanka’s foremost remarkable women and was attended by Minister for Economic Development, Hon. Basil Rajapaksa as chief guest as well as Minister of External Affairs, Prof. G.L. Pieris as guest of honour.

Jaeger-LeCoultre unveils exclusive haute horlogerie collection at Chatham Luxury Boutique

Rendez-Vous Night & Day
Rendez-Vous Night & Day

Exquisite craftsmanship and grandes complications dazzle audiences

Swiss watchmaker Jaeger-LeCoultre, the inventors of the Vallée de Joux and reference in fine watching since the 19th century, along with Sri Lankan partner Chatham Luxury, hosted an exclusive viewing of its 2014 Collection at the Chatham Luxury Boutique at Galle Face Court recently.  The collection, including its exceptional Hybris Mechanica and Haute Joaillerie creations, is available for public viewing from the 20th to the 22nd of August 2014.  The impressive showcase marked the first time a collection of this nature has been on display in the country and offered audiences a rare insight into the exquisite and elaborate craftsmanship involved in haute horlogerie and grandes complications.
“Since 1833 Jaeger-LeCoultre has always pushed the boundaries of innovation whilst staying true to its rich heritage and tradition. We are thrilled to be in Sri Lanka to showcase our latest collections and reveal a snapshot into more than 181 years of history and the extensive array of our craftsmanship that takes place at ‘La Grande Maison’ under one single roof,” said Dinesh Aswani, Country Manager for Jaeger-LeCoultre. “As our partnership with Chatham Luxury continues to grow, we look forward to an even stronger presence in the market,” he added.

Heavy rainfall in several areas

Heavy rainfall in several areas
Heavy rainfall in several areas
The Department of Meteorology states that several provinces are likely to receive a rainfall of 100mm during the next six hours. 
The Met. Dept. said the drought prevailing in Anuradhapura, Trincomalee, Puttalam, Polonnaruwa, Badulla and Hambantota districts had received a rainfall of 0.3mm, 3.8mm, 6.4mm, 0.6mm, 7mm and 16.4mm. 

Negombo had received the highest rainfall of 137mm during the past 24 hours.

The rainy weather would continue over the South-Western parts of the country and showers or thundershowers could be expected in the Central, Sabaragamuwa, Western, North-Western and Southern provinces due to the atmospheric disturbance in the vicinity of Sri Lanka.