Latest News

Dropdown Menu

Latest News

Latest News

Latest News

Political

Sports

Travel

Beauty

Latest News

Thursday, June 22, 2017

Gestetner wins the RICOH Asia Pacific Award for Outstanding Achievement in Units & Sales Revenue FY 2016 in multi-functional products (MFP) for the second time
Gestetner wins the RICOH Asia Pacific Award for Outstanding
Achievement in Units & Sales Revenue FY 2016
in multi-functional products (MFP) for the second time
Building on its winning legacy, Gestetner of Ceylon PLC once again won resounding recognition for its tremendous sales performance over the past year, rising above its peers in the Asia Pacific region to win the RICOH Asia Pacific Award for Outstanding Achievement in Units & Sales Revenue FY 2016 in multi-functional products (MFP).
Notably, Gestetner of Ceylon is currently the only distributor to have won this award, adding to its impressive two time win over the last three years, when Gestetner was awarded for achieving the highest units and highest value performances in the region.
This year’s award was presented by RICOH Managing Director, Kazuhisa (Kaz) Goto to Gestetner of Ceylon PLC Managing Director, Chandima Perera in the presence of RICOH General Manager, Business Operation Division, Tomo (Tomokazu) Ota at a prestigious distributor awards night that took place in Danang, Vietnam.
Commenting on the significance of this year’s award, Perera said: “It has been yet another remarkable year for Gestetner during which we have been able to achieve some of our best sales performances to date. The Sri Lankan market too continues to show great potential however it is important to keep in mind that our strong results were based on the collective efforts of all our departments - from Sales and Marketing to HR, Admin, Finance, MIS, P2P, Technical, Consumables and Tender - working towards a single goal, therefore in a very real sense, our entire team is a part of this award. Similarly, our valued customers have played an equally important role and we look forward to building on these vital partnerships moving forward. 
“We take great pride and encouragement from the recognition that we have been able to win. Backed by the unmatched value and quality of our product portfolio, we are confident that we will continue to build on the strong momentum gathered in recent years, to meet growing demand with the very best solutions in the industry.”    
In addition to the company award, five employees of the sales team at Gestetner of Ceylon were recognized for their remarkable contribution throughout the year. S. A. D. C. P Sumithraarachchi became the Gold winner for Excellent Sales Performance FY 2016. P Dileepa Achalanka De Silva, Mohamed Fawaz Fuji, M. Nadeeka, Shamali De Fonseka and Yogathas Ignesraj were also recipients of Excellent Sales Performance awards FY 2016.
Gestetner of Ceylon PLC’s rapidly growing portfolio includes the world’s leading office automation brands such as RICOH, BenQ, Fujitsu and Asus, in addition to its ground-breaking Papercut Document Management Solution and a range of services provided by Nashua Lanka (Pvt) Ltd. (Gestetner Offset) and Gestetner Printing Services (Pvt) Ltd. (Gestetner Outsource), under parent company Gestetner of Ceylon PLC. 

RICOH Asia Pacific is a global technology company specialising in office imaging equipment, production print solutions, document management systems and IT services. Headquartered in Tokyo, the RICOH Group operates in over 200 countries and regions. In the financial year ending March 2015, the RICOH Group recorded worldwide sales approximating 18.5 billion USD.
Keto-friendly meals available at The Sandwich Factory
Keto-friendly meals available at The Sandwich Factory
Two seemingly unlikely allies have joined forces for a 40-day body transformation challenge. The Sandwich Factory is partnering with personal trainers Fit.lk for the Go Keto Bootcamp - a one and a half month challenge to commit to the Ketosis diet, a pathway to rapid weight loss and boundless energy. Only 10 places are available on the programme for those willing to truly make the commitment - apply now on fit.lk

Fit.lk is a personalized physical training provider run by Isuru Fonseka and Natasha Amarasekara. It offers unique, targeted workout choices for clients, with flexible and convenient options including home visits for those on tight schedules.

Fit.lk will commandeer Go Keto’s fitness component while The Sandwich Factory [TSF] will take over the diet. TSF’s Hisham Cader was inspired to partner with Fit.lk after his own successful attempt with the programme under the guidance of Isuru and Natasha, the founders of Fit.lk. “It was really interesting because I was discovering a new way of eating and treating my body well,” he says. “But it was also pretty challenging to find the time to work out five days a week and ensure I was on the right diet as well-especially after a long day. That’s where The Sandwich Factory comes in; we’ll be providing a Keto dinner of choice from our menu on the forty day plan so that meals are something that you don’t have to worry about. The focus will be on committing to the workout.” In addition a full keto-friendly menu will be available at TSF throughout the day.

Keto-friendly meals available at The Sandwich Factory
Keto-friendly meals available at The Sandwich Factory
The diner has transformed its popular menu to create a ‘Keto Menu’ reflecting the principles of a Ketosis diet; a high-fat, adequate-protein, low-carbohydrate diet that forces the body to burn fats rather than carbohydrates. The diet is designed specifically to result in ketosis - a metabolic state that is almost completely fuelled by fat.

A Ketosis diet is successful because it helps to suppress appetite by cutting out the unnecessary carbs from the diet, using ketones to control hunger and satiety hormones. “It’s about encouraging weight loss, and changing your diet to complement your workout,” says Isuru Fonseka, of Fit.lk. “You’ll have five days of one and a half hour workouts followed by a break during the weekend.”
Fit.lk will guide participants step by step through the challenge. Participants will take part in a one-on-one full body assessment before they begin the programme, and receive a personalized plan to complement their group workout sessions. An orientation pack will include a basic exercise plan, recipes, a dos and don’ts food list, and tips on adjusting lifestyles around Keto. On the workout days they will also receive a Bulletproof coffee before the session and Keto dinner catered by The Sandwich Factory afterwards.

Hisham Cader, Owner of The Sandwich Factory with Isuru Fonseka and Natasha Amarasekara, Founders of Fit.lk
Hisham Cader, Owner of The Sandwich Factory with Isuru 
Fonseka and Natasha Amarasekara, Founders of Fit.lk
The idea is to equip participants to continue this lifestyle after the 40 day programme, say the trio. That’s why they want to be choosy about who they train with the programme, says Natasha Amarasekara of Fit.lk. “This programme requires you to commit with both body and mind. If you think about it, it’s just 40 days and if you follow it well the results will be very rewarding.”

Partnering with TSF and Fit.lk to launch this ‘first of its kind’ program in Sri Lanka is Papare.com who are on-board as the online media partner.


The total cost for the program is LKR 89,000 all inclusive, 40 days of training and meal from TSF. To register please contact FIT.LK online, via Facebook or on 077 0070262
Founder of Mackly, Sharmila Srikumar with Mackly models at their very first runway sleepwear show
Founder of Mackly, Sharmila Srikumar with Mackly
 models at their very first runway sleepwear show
A slumber party took over Park Street Mews on 18 June when sleepwear label Mackly hosted its first runway sleepwear show. The Mackly models enjoyed every minute of their turn on the runway, marking a first for Sri Lanka as ladies and kids modelled the label’s Kids Sleepwear range and premiered the Ladies Pyjama line.

Mackly Founder Sharmila Srikumar launched the label in 2014, with exclusive focus on children’s sleepwear. She was inspired by her own long quests in search of comfortable, safe, adaptable and cute sleepwear for her children. The Mackly label initially designed children’s sleepwear, and with this show Sharmila debuted her first Ladies Pyjama Line for older customers.

At the show-Sri Lanka’s first exclusive sleepwear showcase- 35 young children bounded down the runway in their Mackly pyjamas. The company places emphasis on the safety factor-each piece goes through a needle and metal detector and is phthalate and allergy-free. Comfort is an additional factor-the sleepwear is made with 100% breathable cotton material and all t-shirts have heat seals in place of labels to avoid discomfort at the back of the neck. Moreover, each piece is tested for colour fastness and shrinkage.

Mackly’s ladieswear collection was launched at the show with an opening performance by 12 year old Senruni Abeywickrema, who sang Rihanna’s hit song ‘Diamonds’. The show, complete with a dance performance by the models and dancers, was well received. The ladieswear collection brings functional style to the table, and Sharmila says she was responding to overwhelming demand from her young customers’ mothers, older siblings and other friends. “In this day and age there’s no such thing as ratty old pyjamas,” she shared at the event. “In this highly visible, selfie-policed culture even your pyjamas need to be on-trend. And who doesn’t want to be in their comfiest clothes after a busy day?”

The walk sequences were choreographed by well-known modern, jazz and ballet trainer Surekha Buell. Sharmila thanked her friends, the parents of her young models, and others who contributed to the show’s success including Head Masters who managed Hair and Makeup for the models. She thanked her young brand representatives in particular, saying “We are so proud of all the kids who have amazed us on stage today.” She also added, “Think about how often you wear these clothes. It’s worth having something nice to go to bed in at the end of a day. Cozy clothes are more relevant now, and we’ve made them stylish and added extra comfort and safety features for a great night of sleep.”


Mackly sleepwear is available at Odel and Cotton Collection with a new collection out every three months. The latest collections are expected to hit the shelves from July onwards.

Friday, June 16, 2017

The Body Shop’s Drop of Light collection, formulated with a combination of Red Algae extract from the North Atlantic and the finest ethically sourced raw ingredients from around the world for glowing and even-toned skin
The Body Shop’s Drop of Light collection, formulated with a
combination of Red Algae extract from the North Atlantic and the finest
ethically sourced raw ingredients from around the world
 for glowing and even-toned skin
The Body Shop in Colombo has revealed its newest offering for bright and luminous skin with the debut of the Drops of Light skincare range in Sri Lanka. The formula combines the robust goodness of North Atlantic Red Algae extract with the finest ethically sourced raw ingredients from around the world for the glowing and even-toned skin.

Each product in the Drops of Light range targets the five key dimensions of healthy looking skin. The 5-in-1 formula will stimulate healthy brightness, translucency, and even tone while minimizing the appearance of pores to leave skin feeling smooth and supple. The range performed well in clinical studies on Asian women, reducing dark spots by 14% in eight weeks.
The Body Shop’s Drop of Light collection, formulated with a combination of Red Algae extract from the North Atlantic and the finest ethically sourced raw ingredients from around the world for glowing and even-toned skin
The Drops of the Light range was formulated on research conducted by The Body Shop about the science behind dark spots and pigmentation. Both are caused by the production of melanin, which rises to the surface of the skin when exposed to the sun. In-vitro studies have shown that red algae extract can inhibit key stages of the pigmentation process, and even after the production of melanin, to combat dark spots. The red algae driving the Drops of Light formula is rich with minerals, nutrients, and Vitamin C and has thrived for millions of years in the bracingly cold waters of the North Atlantic Sea. The Body Shop treats this plant gently to yield an extract that is then enriched with a potent Vitamin C derivative for the Pure Healthy Brightening Drops of Light skincare range.

Pure Resurfacing Liquid Peel from The Body Shop’s Drops of Light skin care collection
Pure Resurfacing Liquid Peel from The Body Shop’s Drops of Light skin
 care collection
It is available in three forms. The rich, creamy clarifying foam wash can be used in the morning and evening for a luxurious lather that purifies without stripping the skin. The Pure Healthy Brightening Day Cream has a silky texture for 24-hour hydration and delivers smoother and plumper skin. The Pure Healthy Brightening Serum is a lightweight, fast absorbing and non-sticky serum that can be massaged in with just a couple of drops in the morning and evening. The Drops of Light range also includes a quick fix brightening essential Pure Resurfacing Liquid Peel, with transforming gel-to-peel technology that traps and gently peels off impurities and dead skin cells.


The clarifying foam and liquid peel use Community Trade Marula Oil cold pressed by an artisan community of women in Ondangwa, Northern Namibia. The lotion and serum use Community Trade Aloe Vera from Mexico, keeping true to The Body Shop vision of enriching communities and doing business sustainably.

Wednesday, June 14, 2017

Queen’s Young Leaders Award
Queen’s Young Leaders Award
Her Majesty The Queen will present a Queen’s Young Leaders Award to two exceptional young people from Sri Lanka at a ceremony at Buckingham Palace, London on Thursday 29th June. The Award celebrates inspiring young people from all over the Commonwealth who are dedicated to driving change in their communities and beyond.
                             
This year’s Award winners, Rakitha Malewana, aged 21, and Senel Wanniarachchi, aged 25, are being recognised by The Queen for their work to in the fields of HIV/AIDS and social engagement.

Rakitha and Senel will be representing Sri Lanka as they join winners from across the Commonwealth in the UK for a programme of inspiring meetings, networking opportunities and bespoke training and mentoring, all designed to help them to develop as leaders and work with ever greater impact to transform people’s lives.

Selected from a competitive process where thousands of young people from all over the Commonwealth applied to be a Queen’s Young Leader, Senel Wanniarachchi said, “I am delighted to have won this Award and hope to expand and continue my project 'We Govern Sri Lanka', enabling young men and women across the country to use technology to be active in the civic and political spheres.”

The 2017 Queen’s Young Leaders Award winners are working to support others, raise awareness and inspire change on a variety of issues from tackling bullying in schools, to preserving the environment, to promoting gender equality.

Before receiving their Queen’s Young Leaders Award at Buckingham Palace, the winners will visit 10 Downing Street, as well as take part in masterclasses at the BBC World Service and the UK headquarters of global social media company Facebook. 
They will also meet the Commonwealth Secretary-General, take part in workshops at the University of Cambridge, meet senior executives from some of the UK’s leading organisations and visit projects that are changing the lives of vulnerable people in the UK.

The programme will finish with the launch of the final ever search for the Queen’s Young Leaders. The application process to become a Queen’s Young Leader of 2018 opens at 09:00 p.m. BST on Thursday 29th June 2017, and this year is the last chance for young people to apply to become a Queen’s Young Leader. 
The programme is looking for people aged between 18 and 29 who are dedicated to creating positive changes to the lives of people in Sri Lanka to join this important community of change-makers from across the Commonwealth.

Dr Astrid Bonfield CBE, Chief Executive of The Queen Elizabeth Diamond Jubilee Trust said: “The Queen’s Young Leaders of 2017 are doing truly remarkable work within their communities. Their actions are having a positive impact not only on those around them but also by setting in motion a positive change that will last for generations to come. The residential programme is an opportunity for the 2017 Queen’s Young Leaders to come together for the first time, to foster partnerships and share ideas about how they can work together as a group to improve people’s lives all over the Commonwealth. 

We are delighted that these young people are being recognised for their life-changing work by Her Majesty The Queen and we hope that their time in the UK will inspire and enable them to pursue their work for others on an ever greater scale.”

Details about how to apply to become a Queen’s Young Leader, together with information about the 2017 Award Winners and Highly Commended runners up, is available at www.queensyoungleaders.com.
x
Steven Mayes, MD – Sri Lanka Operations and Sunil Subramanian, Head – Transactions at the launch of JLL’s annual Real Estate Report
Steven Mayes, MD – Sri Lanka Operations and
Sunil Subramanian, Head – Transactions at
the launch of JLL’s annual Real Estate Report

Comprehensive insights indicate increasing role of Realty in the Sri Lankan growth story

§  Sri Lanka debut ranking of 69 on JLL’s Global Real Estate Transparency Index
§  Colombo office market comprises nearly 1 million square feet of Grade A stock at 95% occupancy
§  Increased demand for residential property from wealthy and middle classes.
§  Growing demand for Class A commercial office space as economy increases in sophistication
§  Real estate set to play major role in SL’s growth
§  Projects double-digit growth in domestic real estate sector over medium term 
Global real estate consulting firm JLL has announced the publication of a comprehensive new report titled ‘Sri Lanka – Land of Real Estate Opportunities’. The publication addresses a strong demand for accessible, in-depth analysis into the domestic property market.
Through the new report, JLL aims to create a dialogue on the varied challenges which local and international investors face when engaging in real estate transactions in Sri Lanka, in addition to enumerating on the unprecedented scope of opportunity for valuable investments in the country’s rapidly developing property sector.
“The launch of our report coincides with Sri Lanka’s first wave of high-end real estate development projects in both the residential and commercial segments,” said Steven Mayes, Managing Director, JLL Lanka (Pvt) Ltd. “This marks a significant milestone for the domestic market, which we believe holds the potential to become one of the South Asian region’s most promising success stories.”
He added, “There are challenges that need to be addressed, of course; Sri Lanka is prone to limited but notable downside risks, largely arising out of the currently subdued levels of Foreign Direct Investment and a high fiscal deficit. Nevertheless, we see strong demand for Grade A commercial office spaces. Coupled with the major growth potential over the medium-long term catalyzed by major infrastructure development projects like the Colombo International Financial City and the Western Region Megapolis, we believe that the overall outlook for the Sri Lankan real estate sector is strong.”
Based on comprehensive in-house market analysis, surveys and related data and trend analyses complied over the past five years, JLL anticipates strong, broad-based, double-digit growth spanning all sectors of the domestic real estate sector. The Firm expects this growth to be driven by the surging demand for residential and retail spaces over the coming years.
The report further notes that Sri Lanka continues to outperform neighboring markets in terms of the ease of approvals required to obtain building permits and register real estate projects. This is indicative of an ongoing concerted effort towards improving the country’s platform to begin truly competing on the international stage. 

Notably, the report features Sri Lanka’s debut onto the JLL Global Real Estate Transparency Index at a rank of 69 out of 109 international markets. The ranking quantifies transparency based on 139 variables relating to transaction processes, regulatory and legal frameworks, corporate governance, performance measurement and data availability, with higher real estate transparency being associated with stronger investor and corporate real estate activity.  

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. At the end of the first quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 78,000. As of March 31, 2017, LaSalle Investment Management had $58.0 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.

JLL has over 50 years of experience in Asia Pacific, with 36,800 employees operating in 95 offices in 16 countries across the region. The firm won the ‘World’s Best’ and ‘Best in Asia Pacific’ International Property Consultancy at the International Property Awards in 2016 and was named number one real estate investment advisory firm in Asia Pacific for the sixth consecutive year by Real Capital Analytics.  For further information, visit www.ap.jll.com.

About JLL Sri Lanka

JLL Sri Lanka is the leading professional services firm specializing in real estate in Sri Lanka. Based out of Colombo, the firm provides investors, developers, local corporates and multinational companies with a comprehensive range of services including research, analytics, project and development services, property and asset management, integrated facilities management, real estate capital markets and transactions encompassing commercial office spaces, hotels, land, industrial, retail and residential units.

With over 100 staff based in the country, the firm aims to combine local market knowledge with its access to global multinational relationships and capital sources, to provide Sri Lankan corporates, government agencies and clients with superior execution, towards transforming their real estate portfolios into efficient inventories, as well as in raising capital for real estate assets. For further information, please visit www.jll.com.lk

Monday, June 12, 2017

Steve Dearnley
Steve Dearnley

Industry veterans join board as Independent Directors

Leading logistics provider EFL announced the appointment of three new Independent Directors to its international board as part of its ongoing efforts to add international expertise to its management team. Ram Menen, Stephen Dearnley and Mike Sherman joined as Independent Directors to the Board led by Founder and President Hanif Yusoof.
All three Directors carry with them a wealth of experience having led and grown international brands for over three decades. In their new roles, they will guide EFL’s global expansion strategy as the company establishes itself as Sri Lanka’s first international logistics brand. 
“I am extremely pleased to welcome Ram, Steve and Mike to the EFL team. They each come from a different area of supply chain and their collective insights and knowledge will drive EFL towards the next stage of our ambitious plans. Their appointments are in line with our efforts to keep raising the bar towards developing innovative solutions and becoming more technology enabled,” said Hanif Yusoof.
Ram Menen
Ram Menen
Among the most respected and leading personalities in the Asian region, Steve Dearnley carries with him more than 35 years’ experience in freight and logistics. Prior to retiring in 2011, he was the CEO for DB Schenker Asia Pacific.
Ram Menen is among a few icons in the modern air cargo industry. Widely recognized and admired, he was the cornerstone of building Emirates as the world largest cargo carrier during three decades at the airline. He retired in 2013 with his last role as Divisional Senior Vice President - Cargo.
With over 40 years of experience, Mike Sherman has worked with some of the largest retail brands such as Limited Brands, Abercrombie & Fitch and Sony. He has held leadership positions in both financial management and supply chain operations and last served as VP Transportation and Trade Compliance at Abercrombie & Fitch before retiring in 2017.
EFL first ventured overseas in 1993 going into Bangladesh and since then has established over 55 offices in strategic locations across the globe. This announcement follows the appointment of Peter Larsen last year as Chief Operating Officer to head all overseas expansions.
Mike Sherman
Mike Sherman
S. Senthilnathan CEO added “Over the years, we have worked with Ram, Steve and Mike in their various roles and seen them transform companies and make them global brands. We are excited to have them on board and engage with them at this significant time in our journey.”

EFL is a prominent logistics company and one of the largest freight forwarders in Asia, with operations in 18 countries and business in four continents. It is a member of Expolanka Holdings PLC and now a part of the larger SG Holdings Group, a leading logistics group in Japan.

Friday, June 9, 2017

StartupX Foundry Founding Partner Dag Honningvåg and StartupX Foundry Program Manager Aloka Gunasekara unveiling the StartupX Foundry sign
StartupX Foundry Founding Partner Dag Honningvåg and
StartupX Foundry Program Manager Aloka Gunasekara
 unveiling the StartupX Foundry sign
The idea behind StartupX Foundry germinated from what in fact was a problem faced by a Sri Lankan IT company. But first, what really is StartupX Foundry?
It is essentially a tech startup catalyst, an initiative to hone technological ventures with potential and take them from inspiration to exit, powered by a dynamic ecosystem of both local and international talent, investors and startup personalities to provide the tools necessary to take an idea, forge it into a viable product or service and take it to market.

How it all began

Which brings us back to – how did this all come about? It stemmed from an issue faced by a local IT firm. The issue? While the company has been immensely successful in building products and spearheading pioneering research in many segments, one main area it finally lagged in was the inability to commercialise this research and products – it lacked the software marketing component.
The StartupX Foundry Headquarters
The StartupX Foundry Headquarters
It was here that the StartupX Foundry was born. Understanding that this inability to commercialise was a problem faced by many, a group of like-minded individuals arrived at the idea of setting up an incubator to take ideas and research, bring on board the expertise to nurture the idea and really accelerate it to market. Sri Lanka is now at a stage where it is ripe for idea incubation and acceleration and this seemed like a big step in the right direction.

Why might Lankan startups fail?

In order to build up an ecosystem that could offer suitable and practical services to local ventures, the leadership of StartupX Foundry had to look at why startups may fail in the Sri Lankan context. One reason is their lack of knowledge in building market winning products. While many of our young talented individuals have fantastic ideas, they sometimes lack the competency to build with the bigger picture in mind.
Secondly, is the limited access to global markets, which in turn stifles their ‘global outlook’ when it comes to building products. Their views can be very short-term when developing their ideas, lacking the scalability required to take products globally.
Another reason is sometimes the lack of depth in terms of product management and business development, which finally sees them unable to commercialise good ideas.

StartupX Foundry assets

StartupX Foundry product pitches taking place during the launch
StartupX Foundry product pitches taking place during the launch
The assets of StartupX Foundry were put together based on the shortcomings identified above, to be able to combat the lacking elements in the Sri Lankan startup sphere. Its main asset is its leadership, comprising of Pete Deemer, Dumindra Ratnayaka, Dag Honningsvåg and Mano Sekaram.
As CEO of GoodAgile and Former VP – Product Development of Yahoo!, Pete boasts a massive network of global connections, truly understands the ins and outs of product development and comes with a wealth of experience in this ecosystem.
Over 25 years of experience in telecommunications and a long standing Lankan angel investor, Former CEO of Etisalat Dumindra Ratnayaka has his finger on the pulse of the Lankan community and has a deep understanding of what investors look for in products.
With his experience in building up multi-billion dollar companies and through his position on the boards of many European tech companies, Chairman of Driw AS Dag Honningsvåg perceives European markets and investor sentiment a vital tool for our local ventures to break into global markets.
Then there is a pioneering figure in the Lankan IT industry, CEO of 99X Technology Mano Sekaram, who in his line of work knows the ins and outs of cutting-edge software development and understands what a European clientele look for in their tech products and services.
This leadership is backed by European partners, including the premier Norwegian startup incubator StartupLab, with its vast understanding of accelerating tech startups, as well as leading Denmark-based creative agency – cre8o.
These connections to the global startup ecosystem, supported by a futuristic office in the heart of Colombo that’s fully equipped to host six startups (or up to 40 people) creates quite the prospect for fledgling ventures in the Lankan startup ecosystem.

How does it work?

StartupX Foundry is open to our thriving startup ecosystem. Innovators and entrepreneurs can approach the Foundry with their ideas after which it will be put through a stringent validation process to really evaluate the market potential of the idea – not just locally but globally. Resources will be made available as required to then develop the product or service and take it to market.
However, you don’t need to just be someone with an idea to come onboard! StartupX Foundry aspires to be a gathering point for all those involved in the local startup ecosystem – mentors, supporters, investors and all others. The premises boast a large, open space that can be utilised for brainstorming, improving business models, creative engagement and even to meet like-minded people.
StartupX Foundry has already commenced its efforts in bringing together the Lankan startup community, and uplifting the business and technical acumen of local startups, by hosting the Colombo Tech Startup Seminar, which saw the participation of over 150 attendees and featured several startup heavyweights in the European and Sri Lankan startup scene on its speaker line-up. This was followed by an official launch at the office premises, attended by personalities from the Lankan startup ecosystem.

For more information on Sri Lanka’s first dedicated venture building initiative, check out www.startupxfoundry.com or swing by the office located at 7, Charles Place, Colombo 3.

Thursday, June 8, 2017

The Body Shop’s best-selling 48 hour Vitamin E Moisture Cream, with 100% natural origin hyaluronic acid and wheatgerm oil to ward off dryness and evoke a fresh glow
The Body Shop’s best-selling 48 hour Vitamin E Moisture Cream,
with 100% natural origin hyaluronic acid and wheatgerm oil
 to ward off dryness and evoke a fresh glow

The Body Shop reveals limited time offer

The Body Shop’s best-selling Vitamin E Moisture Cream is now available in a limited edition jar designed by legendary fashion print designers Eley Kishimoto. 40 years since it was first introduced, the 48-hour Vitamin E Moisture Cream remains a best-seller in The Body Shop product arsenal, with figures suggesting that one sells every 18 seconds. The product uses Vitamin E boosted by 100% natural origin hyaluronic acid and can be used on any skin type.

Eley Kishimoto has dressed up Vitamin E for 2017 with an exclusive new graphic look inspired by the vibrant pops of pink springing up in the new season’s catwalks. The London-based designer duo has a passion for pairing bold patterns with slow fashion and sustainable living making them an ideal fit for The Body Shop’s ethical fashion philosophy. Their work has graced the catwalks of designers such as Louis Vuitton, Marc Jacobs, and Alexander McQueen. They said of their partnership, “We admire the company’s ethical approach to product development and respect that it’s not just for the hype they've been doing this for many, many years!”

The Body Shop’s Vitamin E Moisture Cream available in limited edition jars, designed by renowned fashion print designers Eley Kishimoto
The Body Shop’s Vitamin E Moisture Cream available in
limited edition jars, designed by renowned fashion
print designers Eley Kishimoto
The SS17 Limited Edition Vitamin E Moisture Cream comes in a bespoke on-trend print inspired by the season’s catwalks. Eley Kishimoto plays with the letter ‘E’ as a visual motif; they also drew inspiration from the 3D chemical structure of Vitamin E molecules, using circles to represent the atoms and the lines to represent bonds. These simple geometric elements have been used to restyle the iconic Vitamin E packaging for a fresh, fun and graphic look.

Inside, the Vitamin E formula is as potently moisturizing as ever. This lightweight and easily absorbed facial moisturizer locks in moisture for 48-hour hydration. Formulated with Vitamin E, 100% natural origin hyaluronic acid, and wheatgerm oil, it wards off dryness and brings back a fresh glow to plumped skin. The hyaluronic acid is made from fermented and purified wheat stalks salvaged from the French wheat grain harvest; when used in the cream, this acid generates a film on top of the natural skin barrier to creating a reservoir on and within the skin surface and retains moisture for up to 48 hours.


The Limited Edition Vitamin E moisture cream can be purchased at the flagship Body Shop store on Bagatale Road and Odel, Alexandra Place.

About The Body Shop:

The Body Shop is an iconic British retailer of ethical cosmetics and toiletries. It was founded by Anita Roddick in 1976 with the belief that businesses should ‘enrich, not exploit’. A philosophy of creating the best quality cosmetics and toiletries without exploiting the planet’s resources or people has driven the brand, which pursued sustainability and ethical business long before it became fashionable. 

Sunday, June 4, 2017

Red Cross
Red Cross

Red Cross warns of water-borne diseases in post floods and launches a 2 million Swiss Francs appeal for post-flood recovery

The Red Cross is concerned about the spread of water-borne diseases in the aftermath of the catastrophic floods and landslides that have engulfed south-western Sri Lanka in recent days.

The floods – triggered by the beginnings of Tropical Cyclone Mora – were the worst to hit Sri Lanka in 14 years. According to the Government, more than 630,000 people have been affected, including 70,000 who remain in temporary shelters having been forced to abandon their homes. More than 203 people have been killed and close to 100 are missing.

The flooding has contaminated drinking water sources and damaged toilets and sanitation systems, raising the risk of water-borne diseases, including dengue.

“Tens of thousands of people are still unable to return home,” said Jagath Abeysinghe, President of Sri Lanka Red Cross Society (SLRCS). “Dengue is endemic in Sri Lanka and with so much standing water, conditions are ripe for mosquitoes to breed and spread the disease. Providing clean water and sanitation together with awareness on preventing communicable diseases is a critical part of in our humanitarian response.”

SLRCS disaster response teams and volunteers have been on the ground supporting the emergency aid effort. Many of the volunteers are from affected communities and have been responding to the crisis since the floodwaters started to rise.

Red Cross teams have helped to evacuate more than 7,500 people to safety in seven of the worst affected districts, performing life-saving first aid and delivering food and other emergency relief items to affected people. As the flood waters begin to subside one of the priorities has been decontaminating wells to ensure that people have a safe drinking source and to prevent outbreaks of diseases such as dengue.

In response to the urgent humanitarian needs, the International Federation of Red Cross and Red Crescent Societies (IFRC) and SLRCS have today launched an international emergency appeal for two million Swiss francs (approximately 2.1 million USD or 1.9 million EUR). Through this appeal, Red Cross volunteers and staff will assist 40,000 people with emergency relief items including shelter materials and household items; provision of medical and first aid services; support to schools and community health centres; clean water and sanitation; and cash grants to help people recover their livelihoods.


“This is the beginning of the monsoon, more rain is expected and our goal now is to help these people recover so that they can cope with any further challenges and begin to rebuild what they have lost,” said Gerhard Tauscher, IFRC Operations Manager in Sri Lanka.

Thursday, June 1, 2017

Director of Promolanka Amjad Moulana, ‎Eurokitchens
 Trading & Contracting (pvt) Ltd
Shamrin Mohamed, PromoLanka Group Chairman and Managing Director
Azad Mansoor, Mtandt MD Rakesh Modi, PromoLanka Group CEO
Adil Mansoor and Director of mtandt Harsh Modi
Indian manufacturing giant Mtandt and Sri Lanka’s PromoLanka Group have partnered to launch Mtandt Lanka [Pvt] Ltd. Mtandt is India’s largest manufacturing and rental company for mobile access platforms, aerial work platforms and material handling equipment; all of which will now be available in Sri Lanka.

Mtandt’s focus is on providing safe and economic solutions to the industrial and infrastructure segments. Sri Lanka is currently experiencing a domestic construction boom, growing at 6.5% per year and contributing almost 10% to GDP in recent years. Along with these developments the growth of a supporting industry in equipment and construction related services has been vital to sustaining the momentum, notes PromoLanka Group CEO, Adil Mansoor. “We are very pleased to bring Mtandt’s construction equipment to Sri Lanka, as these products are widely recognized as industry pacesetters, especially in terms of bringing about safety for workers and improving the efficiency on the job, two key elements that are currently void,” he said.

Founded in 1974 by Rajkumar Modi, Mtandt is recognized as a pioneer construction safety solutions provider in India. The company has now begun partnering with international market leaders across the world to take its portfolio beyond India. In Sri Lanka, PromoLanka is the partner of choice. “PromoLanka was a natural fit for us,” says Mtandt MD Rakesh Modi. “Coming to Sri Lanka at a time like this is an immense opportunity for us. It’s also a good time to strengthen the conversation about safety in construction, and the sort of opportunities our rental services can provide to start-ups and individual contractors.”

Mtandt Lanka will offer products such as Aerial Work Platforms, which significantly minimize risks when working at heights, and enhance productivity and convenience. Also on the portfolio are Material Handling Equipment, Mobile Access Platform Systems (aluminium scaffolding solutions made for high mobility and increased safety) and Fixed Access and Fall Protection Systems.
The equipment is available for sale and rent via Mtandt Lanka, which will prove to be an asset for entrepreneurs and those taking part-time work.


Unilever Sri Lanka was Mtandt Lanka’s first major client with a large consignment rental. The company’s commitment to worker safety and standard adherence is expected to influence others to follow suit. 
x

Wednesday, May 31, 2017

Ravi Abeysuriya, CFA, receiving the 2017 Lifetime Achievement Volunteer of the Year Award from Paul Smith, CFA, President and Chief Executive Officer CFA Institute and Frédéric Lebel, CFA, Chair, Board of Governors, CFA Institute.
Ravi Abeysuriya, CFA, receiving the 2017
Lifetime Achievement Volunteer of the Year Award from Paul Smith, CFA,
President and Chief Executive Officer CFA Institute
and Frédéric Lebel, CFA, Chair, Board of Governors, CFA Institute.

Ravi Abeysuriya, CFA, named inaugural Lifetime Achievement Award laureate for his outstanding work and dedication to the investment management profession


Ravi Abeysuriya, CFA, has been recognized by CFA Institute, the global association of investment professionals that sets the standard for professional excellence, by receiving the inaugural Lifetime Achievement Volunteer of the Year Award from Paul H. Smith, CFA, President and Chief Executive Officer, and Frédéric P. Lebel, CFA, Chair, Board of Governors, on 19 May 2017 at the Society Leadership Conference held in Philadelphia, Pennsylvania, USA.

Ravi was selected for this distinct award, in recognition of his exceptional performance and enduring results for CFA Sri Lanka and CFA Institute community, among 149 member societies around the world.

“The Society Excellence Awards program gives CFA Institute the opportunity to distinguish the hard work and commitment that our global network of societies demonstrates” noted Emily Dunbar, head, Global Society Relations. “With 149 societies in 73 countries and territories, CFA Institute is grateful for the thousands of CFA charterholders that generously volunteer their time and skills, and in turn, help to create a better member organization that benefits the investment profession at a local, regional and global level.”

William Boivin, project lead for the 2017 Society Awards also said “I am delighted that Ravi was selected as laureate for the award for his commitment to the mission and vision of CFA Institute over several decades by the panel of judges who had an overwhelming task with lengthy discussions to select from exceptional nominees. This is a significant achievement and we are all, members and CFA Institute alike, deeply grateful for his service”.

The CFA Institute Society Awards Program was established in 2006 to identify and reward efforts of societies in the delivery of the CFA Institute mission and provide value to the investment professionals they represent. This year, there were 132 nominations submitted globally in 14 award categories, representing 51 societies.

We are delighted of the laureate for our founder President and first Charterholder, Ravi Abeysuriya’s outstanding work and dedication, said Rachini Rajapaksa, CFA president of CFA Society Sri Lanka. “As a member society of CFA Institute, we are dedicated in our efforts help build the next generation of investment professionals, to serve our members and promote the highest standards of ethics, education, and professional excellenceWe are elated of the recognition shown by CFA Institute for the commitment of the volunteers in supporting the organisations mission”.

CFA Institute

CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion for ethical behavior in investment markets and a respected source of knowledge in the global financial community. The end goal: to create an environment where investors’ interests come first, markets function at their best, and economies grow. CFA Institute has over 145,000 members in 159 countries and territories, including 139,000 CFA charterholders, and 149 member societies. For more information, visit www.cfainstitute.org.

CFA Society Sri Lanka

CFA Society Sri Lanka is the local member society of CFA Institute. Founded in 2000, CFA Society Sri Lanka’s mission is to advance the investment profession in Sri Lanka by introducing global best practices in ethics, knowledge and professional excellence and create an environment where investorsinterests come first and Sri Lanka capital market function at their best and Sri Lanka economy grow. For more information, visit www.cfasociety.org/srilanka

Sports

Ads Place 970 X 90

Asia

Cricket