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Kerry visits Sri Lanka, pledges support for new government
03-May-2015 Reuters

U.S. Secretary of State John Kerry said on Saturday the United States wants to renew ties with Sri Lanka and urged its new government to work with the United Nations to ensure an investigation into war crimes met international standards.Kerry arrived in the South Asian island nation earlier on Saturday, the first time in a decade that a U.S. secretary of state has visited Sri Lanka.He announced the start of an annual bilateral dialogue and said the United States would immediately send experts to advise the new government on economic growth, trade and investment.

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adidas sponsors Colombo Athletics City Marathon
02-May-2015

The world renowned sports brand adidas, recently sponsored the Colombo Athletics City Marathon which was held on 26 April 2015 at the Colombo Racecourse. The marathon covered a distance of 42.195 km and started from the Colombo Racecourse, covering High Level Road, Battaramulla, Borella, Colpetty, the Khan Clock Tower, Colombo Fort and ending at the Racecourse grounds.

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Janashakthi's Top Performers On Tour Of Thailand
02-May-2015

Janashakthi's top performing life sales force were recently treated to an incentive tour of Thailand, in recognition of their hard work. 54 sales force personnel and their families participated in the tour, which encompassed both Pattaya and Bangkok. The high flyers received the opportunity to visit the popular Tiger Zoo, as well as a natural coral island and a relaxing dinner cruise on the river . There was time for shopping, games and other team-building activities which helped foster a spirit of camaraderie.

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Central Bank of Sri Lanka announces Currency Swap with the Reserve Bank of India
01-May-2015

Consequent to the recent visit of His Excellency Shri Narendra Modi, Prime Minister of India to Sri Lanka on 14th March, 2015 Shri Modi announced that the Reserve Bank of India would extend a currency swap facility amounting to USD 1.5 bn to the Central Bank of Sri Lanka.  Accordingly, a currency swap agreement between the two Central Banks was signed on 25th March, 2015 whereby USD 400 mn was made available to the Central Bank of Sri Lanka from the Reserve Bank of India’s financing facility for South Asian Association for Regional Cooperation (SAARC) member country Central Banks.  This amount of USD 400 mn becomes available to the Central Bank of Sri Lanka on Thursday, 30th April, 2015.

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The new Mobile Wallet App for both Apple and Android Smartphone users from Mobitel!
01-May-2015

The National Mobile Service Provider Mobitel’s mCash launched an innovative Mobile Wallet App for both Apple iOS and Android Smartphone users, who now can utilize the App as an all-in-one solution to suit their daily needs in a technologically sophisticated and convenient manner.

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Sri Lankan shares hit over 8-wk closing high on earnings hope
01-May-2015 Reuters

Sri Lankan shares edged up to their highest closing level in more than eight weeks on Thursday, as retail investors picked up risky assets in moderate volumes on hopes companies would report better earnings and as low rates perked up sentiment.The passage of constitutional reforms that would help establish independent bodies for good governance also buoyed the market, analysts said, adding however concerns over political stability remained.

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The Annasi and Kadalagotu Lit Festival: a tasty treat
01-May-2015

Walking in through the gates of the Aesthetic Resort on Stanley Wijesundera Mawatha on 25th April 2015, the literature lover of Colombo was met with carts of annasi, kadala, veralu, and a whole host of street food. Walking up the staircase, one was greeted by booksellers Vijitha Yapa, M. D. Gunasena, Sarasavi and Deen the bookman, along with the AK Lit Festival Bookshop with books autographed by the panelists featured in the day’s programme.

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Sri Lankan shares at over 8-wk closing high after reforms approved
29-April-2015 Reuters

Sri Lankan shares edged up to their highest close in more than eight weeks on Wednesday, a day after the country's parliament overwhelmingly approved some diluted reforms, but concerns over political stability remained. The parliament passed the reforms on Tuesday reducing some of the president's powers, in a move that did not go as far as President Maithripala Sirisena had promised but is nevertheless seen as a victory for the leader.

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Sri Lanka misses 2014 deficit target on revenue fall, higher spending-c.bank
29-April-2015 Reuters

Sri Lanka missed its fiscal deficit target and reversed its falling trend last year due to a shortfall in revenue and higher government expenditure, the central bank said on Wednesday.

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Top Marketing Professionals To Attend 15th CIM Annual Conference
29-April-2015

A long awaited event in every marketers calendar, the 15th CIM Annual Conference will be held at the BMICH on the 11th and 12th  of May. The CIM Annual Conference is the flagship event of the CIM Sri Lanka region.

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Mount Lavinia gets the best coffee from Barista Lavazza
28-April-2015

Industry leader in the café culture in Sri Lanka Barista Lavazza recently opened doors to their latest outlet in the budding tourist hotspot of Mount Lavinia. Situated at No. 283, Galle Road, Mount Lavinia the latest outlet comes with the quintessential Barista Lavazza ambience and serves all items on the extensive menu available at all other outlets.

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CSE takes over SAFE Chairmanship
28-April-2015

The Chairman of the Colombo Stock Exchange (CSE) was unanimously elected as the Chairman of the South Asian Federation of Exchanges (SAFE) at the Annual General Meeting of SAFE concluded on April 26th, 2015. Accordingly, the CSE Chairman Mr. Vajira Kulatilaka succeeds Dr. Muhammad Abdul Mazid as the Chairman of SAFE for a two year term of office.

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Cannes Lions Announces Glass Lion Jury
28-April-2015

The nine members of the first Glass Lion: The Lion for Change jury have today been announced by Cannes Lions. The award, launched with the support of Leanin.Org, recognises work that breaks through unconscious gender bias and shatters stereotypical portrayals of men and women. It will be judged by an accomplished, diverse group who will bring a broad cross-section of cultural perspectives, insights and experience to the table.

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Cooking with SILVERMILL Real Coconut Milk
28-April-2015

Carefully extracted using state-of-the-art technology, SILVERMILL Real Coconut Milk is rich in nutrients and is full of wholesome goodness. Coconut milk has many health benefits and contains a variety of essential vitamins and minerals. Aside from calming nerve cells, strengthening bones, helping the body fight off infections and regulating blood sugar levels, coconut milk also has several other benefits and helps you maintain a healthy glow. With SILVERMILL Real Coconut Milk which is packaged in Tetra Pak® cartons, you can now enjoy the great taste and benefits of coconut milk, without any hassle.

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Unbeatable ‘Anniversary Package’ from Ceylinco Diabetes Centre this May
28-April-2015

A comprehensive, literally head-to-toe medical check for diabetes and associated health complications is to be offered at an unbeatable concessionary rate throughout May by the Ceylinco Diabetes Centre to celebrate its 11th anniversary. Comprising of a series of blood, urine and other diagnostic tests, physical examinations and an assessment by a doctor, the anniversary package also entitles the purchaser to several free checks and discounts, the Centre said.

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Oman Air Launches Codeshare With KLM
27-April-2015

Oman Air is has launched a new codeshare agreement with KLM Royal Dutch Airlines. The agreement came into effect on Wednesday 15th April 2015 and will enable Oman Air’s customers to book onto flights operated by KLM between Muscat and Amsterdam v.v. KLM will operate five flights per week between the two cities and will utilise Airbus A330 wide-body aircraft on the route.

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Sri Lankan shares close steady, political woes weigh
27-April-2015 Reuters

Sri Lankan shares ended steady on Monday, hovering near their more than six-week closing high hit in the previous session, while investors waited for cues on the political front as the country's parliament started a two-day debate on proposed constitutional reforms. Investors have been cautious due to political uncertainty as Prime Minister Ranil Wickremesinghe's party does not have a majority in the parliament and President Maithripala Sirisena promised to dissolve the parliament after the end of his 100-day programme on April 23.

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WATERS EDGE PARTNERS WITH SIMPLIFLY
27-April-2015

Civilian helicopters have been cleared to land at the Waters Edge complex in Battaramulla, domestic helicopter operator Simplifly said yesterday in details released by the company to the media. According to airline officials, a dedicated helipad will soon be constructed in the near future, and until such time helicopters will be landing on a designated space adjacent to the existing seaplane dock used by airlines including a seaplane operated by Simplifly.

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International thought leaders to share best practices in finance transformation
27-April-2015

The Association of Chartered Certified Accountants (ACCA – Sri Lanka) and the Sri Lanka Association of Software and Service Companies (SLASSCOM) will conduct a unique thought leadership forum addressing the opportunities and best practices relevant to finance business partners in light of global development in technology, data analytics and global business development strategies on 14th May 2015 at The Stables, Park Street Mews from 7:30am to 12noon.

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CDB Contributes Towards IT Literacy, Donates IT Lab To Kadayamotte Sinhala Vidyalaya
27-April-2015

Citizens Development Business Finance PLC (CDB) recently presented Kadayamotte Sinhala Vidyalaya- Madurankuliya with a much-needed new IT lab as part of their flagship Corporate Social Responsibility (CSR) project, “Pariganaka Piyasa”.

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3rd phase of Embark’s Sigiriya project receives wide community support
27-April-2015

Sigiriya, the most visited historic site in Sri Lanka and its environs have become the latest example of responsible management of community canines, following the completion of the third phase of the Sigiriya Animal Protection Project by Embark.

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Hutch joins the Mobitel mCash platform
27-April-2015

Hutchison Telecommunications (Hutch) joins the mCash mobile money platform, empowering customers to make their bill payments to Hutch and reload through their own mCash Wallets or through any mCash retailer Island wide.

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Nature's Secrets - You & Me / Tour of Romance, conducts successfully
26-April-2015

Sri Lanka's no.01 herbal cosmetic brand Nature's Secrets' You & Me / Tour of Romance  progran has been conducted successfully recently. This vessel tour was organised in line with Valentine day and Women's day of this year to facilitate Nature's Secrets valuable customers. Thousand of Nature's Secrets fans have been applied for the program and winning sixty (60) couples were selected by the raffle drew, to experience the remarkable tour of Romance.

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findmyfare.com’s ‘FLY FOR 1 RUPEE’ promotion a great success
03-May-2015

Sri Lanka’s largest online travel company, findmyfare.com recently launched a special offer for Seylan Bank credit cardholders, giving them the chance to visit Singapore or Kunming for just one rupee (plus airline taxes of. Rs. 17,271 and Rs. 15,898/- respectively). The offer was an incredible success and all 100 seats that were available were sold out in 48 hours.  The offer was conducted in partnership with SriLankan Airlines and was launched on 22 - 23 April 2015 with a validity period extending from 1 - 31 May 2015. The promotion was also extended, due to popular demand.

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Commercial Bank helps improve productivity of Wayamba coconut estates
03-May-2015

The Commercial Bank hosted a workshop on productivity improvement in medium and large scale coconut estates in the Kurunegala District with the participation of more than 75 people in Kurunegala. Organised by the Bank’s Kurunegala Branch and Development Credit Department with technical assistance of the Coconut Cultivation Board and Department of Animal Production & Health – Wayamba, the programme was intended to enhance the knowledge of estate owners on coconut estate rehabilitation, the introduction of inter crops and promoting livestock (dairy farming) in coconut estates to increase productivity by maximum use of the space available between trees.

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Commercial Credit Women’s Basketball Team emerges champions
03-May-2015

The Commercial Credit Women’s Basketball Team emerged overall champions of the 10th Ram Ratnavale MSBA Knockout Basketball Tournament 2015 beating the Nations Trust Bank Team 42-39 in a nail-biting and keenly played match at the Henry Pedris Courts recently. The champion team comprises (L to R) Sandunika Wijesekera, Dewni Himansani, Taniya Fernando, Mishika Gunawijeya, Erandi Rajapakshe, Kaushika Warnasooriya, Thushani Rajapakshe, Captain Prasadi Fonseka and Vindya Jayasinghe.

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Gestetner gears up for the future
02-May-2015

 

Total documents solutions provider Gestetner, which last year celebrated 50 years as a public quoted company since 1964, is gearing up for the future by repositioning itself. With a rapidly-growing dealer network, which has risen from three to 21 to date, the company has also increased its market share and is now among the top three solutions providers in the industry. Gestetner of Ceylon PLC unveiled its new image at an event held at Cinnamon Grand on April 29th.  The new corporate logo sports a cutting-edge look in vibrant shades of red and blue.  The clean circular ‘G’ signifies the flow of end-to-end solutions offered by the company, culminating in a smart arrow indicating the growth envisioned.

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Asian Alliance Insurance fetes their ‘Extraordinary 500’ sales force at Annual Sales Convention
02-May-2015

Driven by extraordinary creativity, innovative technology and talent, team Life Sales of Asian Alliance Insurance recently hosted their 14th annual sales convention. Centered on the theme of “Extraordinary 500”, the evening graced by Chairman Ashok Pathirage, Managing Director, Iftikar Ahamed and Director Ramal Jasinghe, included rewarding the top performers at the Quality Awards 2015 of Asian Alliance Life.

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Inflation in April 2015
01-May-2015

Inflation, as measured by the change in the Colombo Consumers’ Price Index (CCPI) (2006/07=100), which is computed by the Department of Census and Statistics, remained unchanged at 0.1 per cent as recorded in the previous month, on an year-on-year basis, in April 2015. Annual average inflation declined from 2.5 per cent in March 2015 to 2.1 per cent in April 2015.

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Audi Sri Lanka Introduces all new Audi A6
01-May-2015

 

The winner in the business class has just gotten better – Audi has thoroughly updated the A6 family. New engines, transmissions and headlights, plus a new infotainment system make the Sedan more efficient, more powerful, more attractive and more sophisticated than ever. Sharp lines, emphasized horizontals, athletically taut surfaces – the design of the A6 models epitomizes precision and sporty elegance. It was carefully honed as part of the model refresh, with changes made to the Single frame grille, the headlights, air inlets, bumpers, side sills, rear lights and tailpipes. Audi optionally offers headlights with LED technology or Matrix LED technology, combined with dynamic turn signals.

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ETIHAD AIRWAYS TO INTRODUCE SECOND A380 ON THE ABU DHABI TO LONDON HEATHROW ROUTE
01-May-2015

Etihad Airways has taken delivery of its second Airbus A380 in its striking new ‘Facets of Abu Dhabi’ livery, and will introduce the aircraft on the popular Abu Dhabi to London Heathrow route on Friday, 1 May. Etihad Airways’ newest aircraft, registered A6-APB, was delivered to the airline’s Abu Dhabi hub on 25 April and will operate the EY19 / EY20 rotation. Two of the airline’s three daily flights to London will now be operated by the A380. Etihad Airways has a further eight A380s on order.

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SriLankan Airlines marks first anniversary of oneworld entry with landmark code-share agreement with American Airlines
01-May-2015

SriLankan Airlines has marked the first anniversary of its entry into oneworld® by entering into a landmark code-sharing agreement with American Airlines, a founder member of the global airline alliance. The flag carrier of Sri Lanka became part of oneworld on 1 May 2014 as the first airline from the Indian sub-continent to join any of the global airline alliances, and has since then been offering the full range of the world’s most highly rated aviation groupings’ services and benefits.

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The Annual Report of the Central Bank of Sri Lanka for the Year 2014
30-April-2015

In terms of Section 35 of the Monetary Law Act No. 58 of 1949, the sixty fifth Annual Report of the Monetary Board of the Central Bank of Sri Lanka was submitted on 29 April 2015 to Hon. Ravi Karunanayake, the Minister of Finance by Mr. Arjuna Mahendran, the Governor of the Central Bank of Sri Lanka.

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Lanka IOC donates ambulance to Lihiniyagama Divisional Hospital
29-April-2015

Lanka IOC, under its CSR arm ‘WE CARE” recently donated an ambulance to the Lihiniyagama Hospital, in the Dehiathakandiya Division of the Ampara District. It was formally handed over by His Excellency President Maithripala Sirisena to the Regional Director of Health Services, Ampara, Dr. Senaka Talagala in the presence of the Prime Minister Hon. Ranil Wickremasinghe and the High Commissioner of India to Sri Lanka His Excellency Y. K. Sinha at the Presidential Secretariat in Colombo.

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‘How much is enough?’ Ceylinco Life asks in Retirement Planning Month campaign
29-April-2015

The impact of inflation on long term savings, the principal bugbear in pensions computing, provides the theme for a month-long, country-wide campaign by Ceylinco Life this May to promote retirement planning. “How much is enough?” is the question the life insurance leader will pose in its communications as well as its engagement with thousands of Sri Lankans, as a 4,000 plus sales team takes to the streets for the company’s eighth annual Retirement Planning Month exercise.

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Sri Lankan shares at 7-week closing high; political woes weigh
28-April-2015 Reuters

Sri Lankan shares edged up to their highest close in seven weeks on Tuesday led by diversified shares, but volume was light as investors awaited cues from the political front ahead of a parliamentary vote on proposed constitutional reforms.The main stock index ended up 0.13 percent at 7,134.43, its highest close since March 9. It has gained 3.38 percent since the central bank cut key rates on April 15, while yields on t-bills have fallen 41-51 basis points since then.

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Altair steals the limelight at International Property Show in Dubai
28-April-2015

Altair, Colombo’s distinctive twin-tower residential high-rise development was among the most attention-grabbing exhibits at the 2015 International Property Show in Dubai, at which 94 of the world’s leading property developers from 30 countries showcased their projects. Visitors to the stall of Downtown International Real Estate, the agent for Altair in Dubai, were fascinated by the architecturally unique vertical and leaning towers of the development, designed by the globally renowned architect Moshe Safdie, Altair promoter Indocean Developers said.

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Lankem launches Robbialac Painters Academy
28-April-2015


Lankem Paints Ltd, manufacturers and marketers of Robbialac Paints recently launched the Robbialac Painters Academy which will henceforth train Sri Lankan paint applicators and empower them with a scientific skill for life. The first-ever of its kind in Sri Lanka, the Robbialac Academy is the latest CSR initiative of Lankem Paints and offers a professional course in painting completely free of charge for those who wish to learn how to do it right.

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Kerry to travel to Sri Lanka, Kenya and Djibouti
28-April-2015 Reuters

U.S. Secretary of State John Kerry will travel to Sri Lanka on Saturday to meet with its new president, Maithripala Sirisena, the State Department said, following years of strained relations between Washington and the country's previous government.Sirisena took power in January after defeating President Mahinda Rajapaksa, Asia's longest-serving leader, at the polls. The new president pledged to launch a 100-day plan to roll back a decade of increasingly authoritarian rule.

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Brandix crowns its Singing & Dancing Stars at sparkling finals of Group-wide talent contest
28-April-2015

Transcendent talent was on abundant display when non-executive employees of Brandix took to the stage to showcase their proficiency in singing and dancing at the finals of two spectacular talent competitions conducted recently by Sri Lanka’s single largest apparel exporter.

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Dr. Harsha De Silva Addressed The South Asian Investment Conference
27-April-2015

 

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OTARADEL.COM GOES LIVE
27-April-2015

The newly revamped website of entrepreneur and philanthropist Otara Gunewardene was launched on the 20th of April 2015. Unveiling a sleek re - design combined with a responsive layout, it features an innovative, user-friendly interface that seamlessly moves the user through sequenced pages and material. Detailing her journey from selling garments out of the boot of her car twenty five years ago, to building retail giant Odel which comprised of twenty stores across the island when she moved on to focus on her fashion retail brand Embark, pursuing her lifelong passion of doing her best to create a better world for animals and humans – the site features never seen before images and insight into the life of the visionary synonymous with Sri Lankan Fashion Retail.

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COCA-COLA AND CARGILLS FOOD CITY HOST ISLAND-WIDE CRICKET MANIA PROMOTION
27-April-2015

Coca-Cola Beverages Sri Lanka (CCBSL) recently partnered with Cargills Food City to host an exciting island-wide ‘Celebrate the Season of Cricket’ scratch card competition. The promotion culminated in nine lucky winners walking away with television sets and nearly 25,000 consumers winning concessionary prizes. The company recently held a prize-giving at the Coca-Cola office in Tekkawatta, Biyagama to present the television sets to the winners.

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The ‘Around the Pearl’ journey comes to a successful end in Colombo
27-April-2015

The 22 cyclists who participated in the ‘Around the Pearl’ (ATP) initiative were recently received by family, friends and supporters at the MJF Centre in Katubedda, Moratuwa, where they celebrated the successful completion of their journey around Sri Lanka. After cycling for ten days to raise funds for the Cerebral Palsy Lanka Foundation, the ‘Around the Pearl’ team members completed the final phase of their journey from Chilaw to Colombo.

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South Asian Exchanges formulate roadmap for the future, at regional conference in Colombo
27-April-2015

The South Asian Investment Conference (SAIC) organised by the Colombo Stock Exchange (CSE) in association with the South Asian Federation of Exchanges (SAFE), took place today (27th April) at the Galadari Hotel, Colombo. The Minister of Finance Hon. Ravi Karunanayake, the Deputy Minister of Policy Planning, Economic Affairs, Child, Youth and Cultural Affairs Dr. Harsha De Silva, the Chairman of the Securities and Exchange Commission of Sri Lanka Mr.Tilak Karunaratne, Chairman of SAFE and Chairman of CSE Mr. Vajira Kulatilaka and  outgoing Chairman of SAFE Dr. Muhammad Abdul Mazid addressed the audience at the inaugural ceremony.

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Revolutionary state-of-the-art Mobitel Innovation Centre launched at TRACE Expert City
27-April-2015

The National Mobile Service Provider Mobitel held the inaugural opening of the revolutionary state-of-the-art Mobitel Innovation Centre which was ceremoniously launched by Hon. President Maithripala Sirisena at the TRACE Expert City Colombo, the City of Innovation, Research & Development. TRACE Expert City comprises of a group of successful businesses and experts who aspire to transform Sri Lanka into an economically sound, knowledge rich, techno-centric, sustainable business hub by promoting innovation, entrepreneurship and professionalism through technology.

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‘Indian Trade Fair 2015’ unveils on 07 May in Colombo
26-April-2015

Bringing into focus the diverse trade opportunities that exist between India and Sri Lanka, the ninth Indian Trade Fair will open on Thursday 07 May 2015 at the Sri Lanka Exhibition and Convention Centre, Colombo. Organised by MP Events Lanka and partnered by PHD Chamber of Commerce and Industry, India, it will continue until Saturday 09 May with nearly 80 Indian exhibitors showcasing their products and looking to establishing partnerships with Sri Lankan entrepreneurs. The Indian Trade Fair 2015 has been described as the biggest meeting place for buyers and sellers of Indian products and services and is the ideal B2B platform for Indians to explore the Sri Lankan market.

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Cinnamon Hotels & Resorts powers its way into the 25 most valuable brands listing
23-April-2015

In a historic achievement, Cinnamon Hotels & Resorts was anointed the No. 1 Emerging Brand in Sri Lanka and also ranked 23rd with a brand value of Rs. 4.9 billion in the Most Valuable Brands list released by Brand Finance recently. This accomplishment marks the first time Cinnamon Hotels & Resorts has made it to the Most Valuable Brands listing and that too by surpassing many other established brands and all other leisure brands. This unique feat has been achieved by adopting a structured approach to brand positioning and brand building that has been strongly sustained over the last decade.

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DFCC Bank and DFCC Vardhana Bank relocate their branch in Negombo
03-May-2015

DFCC Bank, the country’s leading development bank and its commercial arm DFCC Vardhana Bank (DVB), recently relocated their Negombo branch to a new and improved location. The ceremonial opening of DVB’s new branch office was attended by C. Royle Jansz – Chairman, DFCC Group, Arjun Fernando - CEO, DFCC Bank, Lakshman Silva - Chief Executive Officer, DFCC Vardhana Bank, DVB’s senior management and staff as well as members of the local community.

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Serendib Flour Mills appoints former CEO Sathak Abdul Kadar as its new Chairman
03-May-2015

After successfully leading Serendib Flour Mills for 15 years, the company’s former CEO Sathak Abdul Kadar has been appointed as Serendib Flour Mills’ new Chairman with effect from 1st of May 2015.  With decades of experience behind him, Sathak will now play an advisory role at the company, handling legal affairs and building government and consumer trust in the Serendib and ‘7 Star’ brands. Humble, warm and polite, Sathak Abdul Kadar overcame significant challenges to set up the company and has since then helped establish a strong market and brand presence for Serendib Flour Mills in Sri Lanka.

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Dy. Minister Dr. Harsha joins Softlogic Finance to launch ‘Clean Zone’
02-May-2015

Celebrated by Buddhists the world over, Vesak is the holiest day in the Buddhist calendar, representing the birth, the nirvana (enlightenment) and the Parinirvana (death) of the Buddha. Throughout the two days of Vesak, Buddhists across the country follow religious observances, and the island is alight with traditional thoran, Vesak lanterns, flags and flowers. It is believed that performing good deeds during Vesak will multiply merit, and the streets across the country are lined with dansal.

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Sunlight invites the entire nation to be a part of the Dalada Maligawa Aloka Pooja this Vesak
02-May-2015

Celebrated by Buddhists the world over, Vesak is the holiest day in the Buddhist calendar, representing the birth, the nirvana (enlightenment) and the Parinirvana (death) of the Buddha. Throughout the two days of Vesak, Buddhists across the country follow religious observances, and the island is alight with traditional thoran, Vesak lanterns, flags and flowers. It is believed that performing good deeds during Vesak will multiply merit, and the streets across the country are lined with dansal.

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Colors Mobile enhances online experience with 3G Smart Phones - Zoom Series
01-May-2015

The time when mobile phones were simply used to make and receive calls has long been over. Today mobile devices have become the statements of a user's personality while broadening the boundaries of communication. Furthermore, it is very important to stay updated in our social lives which have become online today. Understanding this need, Colors Mobile has launched a new series of cutting-edge 3G smart phones named the Zoom Series.

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Fly Mihin Lanka to Kolkata, the City of Joy
01-May-2015

Exotic India is one of the top emerging countries in the world and is set to become the fastest growing major economy in 2015. It is also forecasted to be the second highest in the world in 2023 in terms of GDP. Kolkata (Calcutta), the capital of the Indian state of West Bengal is the commercial, cultural and educational hub of East India. Located on the east bank of the River Hooghly, or ‘Ganga’ this colonial city was developed by the British East India Company and thereafter served as the capital of the British Empire until 1911.

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CIMA members and students can accelerate their way to the UGC approved BSc. Degree in Applied Accounting by CA Sri Lanka
01-May-2015

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has consistently demonstrated exceptional standing as a leading tertiary education provider in the country, offering the best of world class qualifications for the benefit of the country’s student and professional populations. In its continuing efforts to offer the best of local and foreign qualifications, CA Sri Lanka launched a specialized BSc. Degree in Applied Accounting, which has been approved by the University Grants Commission. The degree programme comes with a series of exemption schemes for the benefit of members of professional bodies, including exemptions for CIMA members and students, giving them the opportunity to fast-track their way to obtain a recognized academic qualification in accounting, which will further complement their professional standing in today’s complex world.

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IT CONNECT ANNOUNCES ISO CERTIFICATION
29-April-2015

IT CONNECT, a cutting-edge global IT solutions and services provider with technology delivery centres in Colombo and Kandy, as a part of it ‘s continuing  commitment to quality service, is proud to announce being awarded the ISO 9001:2008 certification. This milestone reaffirms ITCONNECT’s commitment to delivering consistent high standard services through external verification and international recognition of ITCONNECT’s quality management processes.

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NEW CANNES CHIMERA COMPETITION LAUNCHES TODAY
29-April-2015

The Cannes Lions International Festival of Creativity has today launched the fifth Cannes Chimera Competition, an initiative to engage the global creative industry in building public awareness and support for solutions to critical global development problems. This year, the brief for the Cannes Chimera Competition calls for the development of a one-time brand activation that will attract massive public attention to the growing Global Citizen platform, and result in a surge of sign ups to the campaign, through email capture and Facebook.

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Causeway Paints Fuels Ashan Silva to regasin FoxHill Crown
29-April-2015

Sri Lanka’s top motorcar racer Ashan Silva cemented his position as arguably the best driver in the country by driving his way through the recently concluded Fox Hill Supercross 2015. Ashan was adjudged “Best Driver” for his outstanding performance on a track that has won him many crowns.

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Smiths Detection airport screening technology committed to safeguard society and protect life
28-April-2015

Countries around the world are witnessing exponential economic growth and infrastructure development. Simultaneously passenger traffic at airports is growing at a rapid pace. While in some instances this has led to airports getting congested, Airport operators across the world understand the necessity in offering a smooth, hassle free and fast experience at security checkpoint areas mindful of the need to be safeguarded against modern day threats and security challenges.

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Sri Lanka raises $81.25 mln through development bonds
28-April-2015 Reuters

Sri Lanka raised $81.25 million through two- and three-year dollar-denominated development bonds on Tuesday, the central bank said.The government sold $30 million two-year bonds at 6-month LIBOR plus 360 basis points (bps) after receiving bids worth $45 million, while it raised $51.25 million in three-year bonds at 6-month LIBOR plus 377.20 basis points.

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Commercial Bank completes repairs to Sri Pada steps
28-April-2015

The Commercial Bank has completed the repairs to two sections of the steps to the summit of Sri Pada under a project undertaken by the Bank’s CSR Trust for the benefit of pilgrims. The work began in 2014 and involved renovation of the steps between ‘Rathu Ambalama’ to ‘Golutenna’ on the stretch leading up to Seetha Gangula.

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Now Pay Your Dialog Bills at Amana Bank Island-wide
28-April-2015

Amãna Bank, Sri Lanka’s premier non-interest based banking solution provider, has tied up with leading telecommunications service provider, Dialog Axiata PLC, for the bank’s customers to pay their bills at any of the Bank’s 24 branches located island-wide. Amãna Bank will accept Dialog post-paid connection payments from customers to pay their Dialog Mobile, Dialog CDMA, Dialog Broadband and Dialog Television bills at the Bank’s counters, to provide a one-stop and convenient banking solution.

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Emirates upgrades Economy Class and children’s headsets
28-April-2015

Emirates is further enhancing the entertainment experience for Economy Class travellers with the launch of new, redesigned headsets for its award-winning ice entertainment system in Economy Class.

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Lankan Angel Network (LAN) funds US$ 5 million for 20 startups
28-April-2015

With the Lankan Angel Network having already raised US$ 5 million in funding for 20 startups across a number of industries vital to Sri Lanka’s future, there was no better time for the recent launch of the new Lankan Angel Network Incubation Centre for startups. Providing much-needed support services for fledgling ventures, while also being likely to be their first offices, this newly unveiled incubation centre, located at 33 Lauries Road, Colombo 3, offers an array of support services and facilities for start ups.

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Senok continues to rev up the automobile industry in Sri Lanka
27-April-2015

With a history that extends over 40 years, Senok Trade Combine (Pvt). Ltd has become one of the country’s leading providers of quality automobiles and commercial vehicles. The company offers a range of diversified solutions in the areas of travel, aviation, energy, mining and tea, however the company’s automobile division, Senok Automobile Pvt. Ltd has created a name for itself amongst motor enthusiasts as the sole agent of world famous vehicle brands such as Audi, Volkswagen, Subaru and Skoda in Sri Lanka.

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Ladies’ College to Launch BTEC Extended Diploma in Hospitality
27-April-2015

Opening a new dimension in further education, Ladies’ College will launch the Edexcel BTEC Extended Diploma in Hospitality as a parallel option to the Advanced Level qualifications. This launch event is to take place on May 6 at 5 pm at the Ladies’ College Hall.

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CA Sri Lanka facilitates the setting up of a professional accountancy body in Bhutan
27-April-2015

In an effort aimed at developing the accounting profession further in the South Asian region, President of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), Mr. Arjuna Herath, in his capacity as the President of the South Asian Federation of Accountants (SAFA), the apex accounting body of SAARC, along with a team of experts from CA Sri Lanka visited Bhutan recently to facilitate the setting up of a professional accountancy body and to also introduce International Financial Reporting Standards (IFRS) to public and corporate sectors in Bhutan.

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Singer Sri Lanka appoints Ranil De Silva to Board of Directors
27-April-2015

Singer (Sri Lanka) PLC, recently announced the appointment of D.T. Ranil De Silva to the Company’s Board of Directors as an Independent Non-Executive Director with effect from 1st April 2015. De Silva already serves on the Boards of the associate companies of Singer (Sri Lanka) PLC, namely Singer Industries (Ceylon) PLC, and Regnis (Lanka) PLC. He is also the Managing Director of Serendib Hotels PLC and holds directorships in Dolphin Hotels PLC and Hotel Sigiriya PLC.

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SAIC to feature international technology partners
27-April-2015

The South Asian Investment Conference (SAIC) organised by the Colombo Stock Exchange (CSE) in association with the South Asian Federation of Exchanges (SAFE), will take place today (27th April) at the Galadari Hotel, Colombo. The Minister of Finance Hon. Ravi Karunanayake, the  Deputy Minister of Policy Planning, Economic Affairs, Child, Youth and Cultural Affairs Dr. Harsha De Silva, the Chairman of the Securities and Exchange Commission of Sri Lanka Mr.Tilak Karunaratne and Chairman of the Colombo Stock Exchange Mr. Vajira Kulatilaka, will address the audience at the inaugural ceremony.

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TURKISH FRIGATE ARRIVES ON GOODWILL VISIT
26-April-2015

Turkish Navy frigate TCG Gediz will arrive at Colombo Port on Sunday, 26th April 2015. The goodwill visit of the ship (from April 26 to 28) to Sri Lanka is part of the commemoration activities of the 125th anniversary of the voyage of Frigate Ertuğrul to Japan. During its 122-day mission which started on April 1 from the Port of Aksaz, TCG Gediz will visit 18 ports in 14 countries and cover 20.300 nautical miles.

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