‘Destination of the Year’
The Sunday Times UK, the best selling newspaper in the United
Kingdom, with a circulation of 1,032,000 and 3.5 million on a
multi-platform basis has picked Sri Lanka as the ‘Destination of the
Year’ which augurs well for the country given that it is a top source of
revenue for Sri Lanka, registering 111,131 visitors as at the end of
August 2015, a growth of 13% .
In an article captioned ‘Sri Lanka Our Destination of the Year’ its
author Tim Shipman creatively refers to Sri Lanka as the teardrop
dripping into Indian Ocean which brings out the DNA of the brand
Diversity, Authenticity and Compactness which signify the
differentiating points of Sri Lanka as a destination and which needs to
be told to the world.
Producer Price Index
Sri Lanka has begun releasing a Producer Price Index (PPI) which is
useful for firms and can also give early warning of impending inflation,
Head of the State statistics office, A. J. Satharasinghe said.
The index was 98.38 for April 2015, 99.95 for May and 98.82 for June
2015, indicating a fall in overall prices from the base.
The index measures factory and farmgate prices. The PPI has the 2013
fourth quarter as the base.
While energy prices had fallen, prices of some food items have risen
during the period, but the overall index was down. The PPI can be used
as a replacement for the current wholesale price index (WPI) compiled by
the Central Bank.
Expenditure on dairy imports up 18%
Sri Lanka’s expenditure on the import of dairy and dairy products
rose by 18% from a year earlier to Rs. 44 billion during 2014, according
to a report by the Ceylon Chamber of Commerce.
Imported volumes, however, had risen by only 3% to 71 million
kilograms and the increase in import values was due to the higher import
The pickup in volumes last year was on the back of a sharp decline in
2013, following issues regarding chemical contamination. Export volumes
of dairy and dairy products from Sri Lanka in 2014 fell to 595,000 kgs
from the six-year high of 661,000 kgs in 2013.
ComBank wins int’l award
The Commercial Bank of Ceylon’s efforts to make its operations more
eco-friendly were acknowledged internationally with the award for ‘Best
Sustainability – Green Initiative’ at the 2015 Asian Customer Engagement
Forum (ACEF) awards in Mumbai.
The only award presented by ACEF in the sustainability category, the
award recognises the effectiveness of Commercial Bank’s initiatives to
migrate customers from traditional banking channels to digital platforms
such as mobile and online banking, and its investments and efforts to
promote automation to minimise the use of paper.
Prizes for Marathon Dag competition winners
Associated Motorways (Pvt) Limited (AMW) presented prizes to the
winners of the 'Marathon Dag Supiri Chance 2' competition. The
promotional program was conducted by the tyre retreading factories of
AMW. Here the first prize winner, the owner of Palitha Tyre House,
Nittambuwa, Palitha Edirisinghe receives the award from Group Managing
Director, AMW, Samantha Rajapaksa. Director Manufacturing, AMW, Pushpika
Janadheera and Senior Manager Sales and Marketing, AMW, Nimal S.
Ratnayake look on.
Nelsons Retail teams up with Polytron
Nelsons Retail (Pvt) Ltd, which markets international brands of
electronics products entered into a partnership with Polytron from
Indonesia. Polytron electronic items including Kanrich, Usha, Hatari and
Sanmo brands were introduced by Nelsons Retail from 1975. Here the
officials of the two companies at the launch. Pic: Saliya Rupasinghe
NDB presents Dynasty Residences to Privilege customers
NDB with GVR Lanka (Pvt) Ltd recently presented one of the first
luxury apartment development projects in Kandy – Dynasty Residence, to
NDB Privilege customers at the Hilton Colombo Residences. Chief
Executive Officer, NDB, Rajendra Theagarajah said, “NDB as a leading
development oriented commercial bank is delighted to offer housing
finance solutions to customers who may be considering investments such
as the Dynasty.” Here Shera Hassen, CEO, NDB Bank, Rajendra Theagarajah
and Janak Hirdaramani.