Much potential for boat-building industry
The boat building industry will grow exponentially over the next five
years, according to a new market research report, Global Recreational
Boating Industry Analysis and Forecast 2010-2015 from Lucintel,
Therefore, the Sri Lankan boat-building industry has great potential
for expansion and even penetrating new markets.
According to Board of Investment (BOI) sources the boating industry
will play an important role in the country’s development.
UB Finance launches new product
UB Finance Company Limited added another investment solution to its
product portfolio by launching the 'Save n Shop' fixed deposit.
Chief Executive Officer, UB Finance, Ransith Karunaratne said that
the investment proposition offers its customers upfront interest on the
fixed deposit, while holding their capital intact. Investors enjoy an
attractive rate of interest and customised terms to match their cash
US lifts ban on BP
The US has lifted a ban on oil giant BP that prevented it from
bidding for US government contracts.
The ban was imposed after the 2010 Gulf of Mexico oil spill, caused
by an explosion on BP's Deepwater Horizon rig, which killed 11 people.
The ban was lifted after the firm agreed to a set of safety,
operations and compliance requirements.
As part of the agreement, BP will also drop its lawsuit against the
US Environmental Protection Agency (EPA).
The firm had sued the EPA after it imposed the ban for 'improper
statutory disqualification and suspension'.
SLTS to provide ICT solution to Eastern University
Sri Lanka Telecom Services (SLTS), a fully owned subsidiary of Sri
Lanka Telecom PLC, signed an agreement with South Eastern University to
provide Cisco based Voice over IP Network Solution (VOIP) for the
With this solution South Eastern University will have
state-of-the-art Data plus IP Voice Network within the University.
Vice Chancellor, Eastern University, Dr. S.M. Mohamed Ismail and
Chief Executive Officer, Sri Lanka Telecom Services, Prasanna Perera
exchanged the agreement.
Keerthisena receives award
An innovator of batiks in Sri Lanka, who made batik a fashion, Buddhi
Keerthisena, received the HSBC CFW Life Time Achievement award for his
45-year contribution to the fashion industry through his creations. This
award was presented by fashion designer Yoland Aluvihare on the final
day of the HSBC Colombo Fashion Week at the Hilton. Buddhi started his
batik career in 1969 as a hobby and turned it into a profession.
Buddhi's batiks became popular in the country and abroad. His first
foreign exhibition was in Germany in 1974.
Fairway Holdings launches apartment project
The Elements’ in Rajagiriya is the fourth luxury apartment project of
the Fairway Holdings Group.
It provides easy access to Colombo city and the developed Diyawanna
Oya recreation areas.
The Elements will be 40 storeyed with three-bedroomed and four-bedroomed
apartments totalling 128 and two penthouses.
It has been designed by Archt. Mohan Silva of Avant-Garde Urban
Design Partnership and will be constructed by MAGA Engineering.
The Elements will have a range of amenities such as a swimming pool,
kiddies pool, banquet hall, gymnasium, lounge, meeting room, drivers’
lounge and recreational areas.
GroupM dominates at Effie Awards 2013
GroupM Sri Lanka did well at the Effie Awards Sri Lanka 2013. Four
out of five winning campaigns were supported by secondary agencies
credited GroupM companies.
Of just 10 metals awarded, one of two silvers and three of eight
bronze winning campaigns were powered by informed media analytics and
strategies of GroupM agencies, Mindshare and Maxus.
The Denta toothbrush campaign 'Beautiful Smile' won a silver award.
“We have a open line of communication with the Darley Butler team. It
has facilitated several effective campaigns and we are thrilled to be
recognised”, said General Manager, Maxus Sri Lanka, Alvin Gomesz.
Mindshare, GroupM's first agency to be set up in Sri Lanka, was
recognised with three bronze awards as supporting agency. Etisalat's
inspirational campaign 'This is your moment - Rise to it' was awarded in
the Corporate Reputation and Professional Service category.
“The telecom category is a challenging one for advertisers.
We have great synergy with the client team and the creative agency
Response Marketing, making successes like these a possibility,” said
Leader, Mindshare Sri Lanka, Jhumka Saha.
Unilever campaigns, Astra Fried Rice and Knorr Golden Touch won
Mindshare dedicates a two-member team to the media management of
The unit has been in operation since 1996.