Sarvodaya – Fusion Graduates 700 New Diploma Holders
at the 2ndAnnual Awards Ceremony
28-February-2011
Sarvodaya-Fusion hosted the second Fusion Education Awards Ceremony - FEAC 2010, at Sarvodaya Vishva Samadhi Auditorium on 12 February 2010.
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Commercial Bank opens ‘Minicom’ at Katukurunda, Kalutara
28-February-2011
The Commercial Bank of Ceylon PLC has opened another Supermarket Banking Counter at Katukurunda in Kalutara, increasing its delivery points in Sri Lanka to 189.
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Laugfs introduces Sri Lanka’s first-ever 5 kg gas cylinder
27-February-2011
Laugfs has presented to Sri Lankan consumers, the first-ever 5kg gas cylinder, which has now been introduced to the market.
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Commercial Bank breaks Rs 5 billion PAT barrier in resurgent 2010
25-February-2011
Solid loan book growth and noteworthy improvements in most key indicators have contributed to Commercial Bank of Ceylon PLC attaining a major banking sector performance landmark in the year ending 31st December 2010.
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Dalada Maligawa products among SriLankan Airlines’ on-board duty free collection
24-February-2011
Imagine owning a painting that was painstakingly drawn by an elephant of the Dalada Maligawa! Well, that’s among the array of products in SriLankan Airlines’ latest ‘Serendib Treasures’ On-Board Duty Free Collection.
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Minlo Media House gears itself for the future
24-February-2011
Minlo Media House, one of Sri Lanka’s leading PR and advertising agencies has strengthened its advertising arm by recruiting some of the industry’s most talented and experienced personnel.
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SriLankan Catering’s profits soar 40% to
Rs. 640 million
23-February-2011
SriLankan Catering (Pvt) Ltd. has reported an impressive Net Profit of Rs. 640 million in the 9-month period up to 31st December 2010; a 40% increase over the same period in the previous year.
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Sri Lankan cricketers surprise customers at Reebok showroom
22-February-2011
Customers at the Reebok showroom at Maitland Crescent were pleasantly surprised to meet some of the National cricketers during the Team’s visit to the showroom recently.
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Seylan Cricket rises Phoenix-like
21-February-2011
The Seylan Bank cricket team marked a momentus new entry in the Mercantile Cricket Association’s record books as it beat the star-studded Unichela IX to clinch the prestigious Mercantile ‘A’ Division Knock-Out title for the first time in the Bank’s history.
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Government of Sri Lanka Taps Virtusa to Build Country-Wide Web Portal
21-February-2011
Virtusa Corporation (NASDAQ: VRTU), a global IT services company that offers a broad spectrum of business consulting and outsourcing services, today announced that it has developed an innovative Web portal and supporting middleware service integration platform for Sri Lanka's Information and Communication Technology Agency (ICTA).
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Bartleet TransCapital records remarkable hike in growth and profits
21-February-2011
Bartleet TransCapital Ltd. (BTCL), the Bartleet & Co’s Financial Services Group, has achieved profit after tax of Rs 1.2 billion for the nine months ending 31st December 2010, a near ten-fold growth over its net profit for the full year in 2009-10.
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Samsung signs All Rounder Angelo Mathews as Brand Ambassador for Samsung Mobile
17-February-2011
Samsung Mobile today signed up All Rounder Angelo Mathews as Brand Ambassador for its Mobile business. Angelo Mathews will spearhead the Company's print, electronic, outdoor, and online campaign for Samsung Mobiles during the Year.
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Bandit joins Niko to launch new Embark collection
15-February-2011
He is brash, boisterous and a bit of a barkaholic, but one year old ex street dog Bandit has inspired a new collection of funwear for the Embark label and taken a short cut to fame.
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MORATUWA UNIVERSITY PLATFORM FOR FASHION DESIGN, PRODUCT DEVELOPMENT
15-February-2011
The Moratuwa University’s eight week Continuing Professional Development (CPD) training course, to support the growth of entrepreneurship in Sri Lanka’s apparel and creative industries which commenced recently has had a good response, Dr.Nirmali de Silva, the Director of the Fashion Design Degree Course said.
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Emirates to reward customers with tickets to Cricket World Cup
14-February-2011
As ‘World Cup fever’ reaches its zenith with the ICC Cricket World Cup 2011 close at hand, Emirates, an official partner of the event, is preparing to reward passengers by giving away 50 tickets to matches played in Sri Lanka.
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Richard Pieris reports Rs. 2 Billion Profit before tax for nine months
12-February-2011
The Richard Pieris Group recorded a Turnover of Rs.7.3bn, and an Operating Profit before finance cost of Rs.1.1bn for the three months ended 31st December 2010.
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Diamond Dreams introduces unique jewellery for the season of loveFashion market in
Sri Lanka
11-February-2011
Diamond Dreams announces a special collection of pendants that say more than just ‘Happy Valentine’s Day'. A collection of 18kt diamond hearts that express the feelings of the giver in unique way.
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Microsoft Sri Lanka Celebrates Seven Significant Years
10-February-2011
In 2004 Microsoft came to Sri Lanka with the ambition of bringing the magic of software to all Sri Lankans, and positively transforming the local IT landscape. This year, the company marks 7 years of empowering businesses and enriching lives of over 1.5million people across every corner of the country.
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25% discount at restaurants on Commercial Bank cards
10-February-2011
Cardholders of Commercial Bank of Ceylon PLC can now indulge their taste buds at favourite restaurants thanks to a promotion which offers them significant discounts at selected outlets.
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Tilan Wijeyesekera, new DGM Marketing at Seylan Bank
09-February-2011
Seylan Bank PLC announced the appointment of renowned marketer Tilan Wijeyesekera as Deputy General Manager – Marketing, responsible for the marketing, sales and business development functions of the bank.
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Hayleys 9-month turnover Rs 38.5 billion,
PBT Rs 1.5 billion
09-February-2011
Healthy performances by the Agri Inputs, Plantations, Purification and Transportation sectors have helped the Hayleys Group to post turnover of Rs 38.5 billion and pre-tax profit of Rs 1.5 billion in the nine months ended 31st December 2010.
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SriLankan Airlines signs Collective Agreement with Aircraft Technicians
08-February-2011
SriLankan Airlines has signed a new 3-year Collective Agreement with the union representing Aircraft Technicians, as the National Carrier strengthens its aircraft engineering facilities and positions itself as a Maintenance-Repair-Overhaul organisation of choice in the region.
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Mortein assists flood victims in the affected provinces
07-February-2011
Mortein, Sri Lanka’s No 1 Household Insecticides brand handed over a stock of Mortein coils to Hon. Mahinda Amaraweera, Minister of Disaster Management as part relief assistance to flood affected families of the Eastern and Southern Provinces and other affected arrears on the 2nd of February 2011 at the Ministry of Disaster Management.
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Discover multi-faceted Guangzhou, SriLankan Airline’s latest destination
07-February-2011
Take wing to Guangzhou (Canton), SriLankan Airline’s latest destination and pamper yourself to an irresistible mix of history, culture, cuisine and shopping. Steeped in ancient Chinese history , Guangzhou is undoubtedly a pulsating cosmopolitan metropolis possessing the ultimate dynamism of the modern world.
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SMBL and LAL in venture to support tourism
03-February-2011
SMB Leasing PLC (SMBL) and Lanka Ashok Leyland PLC (LAL) have commenced the importation of luxury tourist coaches to the country to promote tourism, in response to a request by the government.
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Emirates Enhances its Northern European Network
03-February-2011
Emirates is strengthening its operations in Northern Europe by adding more flights to Austria and Germany on the back of new route announcements into Switzerland and Denmark.
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Build your dream home at CT Gardens, Piliyandala
03-February-2011
CT Properties Limited, the property development arm of CT Holdings PLC, announced this week a ‘Family Open House’ from February 04 to 06 2011 to introduce its township development project, CT Gardens, Piliyandala.
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‘ejewels’ launches ‘Tari Collection’ with ‘Paparé Range’
02-February-2011
Public Relations personality Tharindra de Silva diversifies her range of creativity with a foray into jewellery designing as ‘ejewels’ launches the Tari Collection’s “Paparé Range” ahead of the forthcoming cricket and rugby seasons.
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Lumen Summit - Colombo 2011
Emcure Pharmaceuticals Ltd., together with the organizers of the LUMEN, based in Florida, USA and The Sri Lanka Heart Association hosted the “Lumen Summit - Colombo 2011,” at the Ceylon Continental Hotel, Colombo.
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Haycarb reports pre-tax profit of Rs. 548 million at 9 months
01-February-2011
Haycarb PLC, the Hayleys Group’s value-added activated carbon manufacturer, has reported a pre-tax profit of Rs 548.4 million for the nine months ending 31st December 2010, on a consolidated turnover of Rs 4.7 billion.
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Riston Tea – an unsung hero!
28-February-2011
 Sri Lanka's tea industry, the third largest foreign exchange earner for the island, has always been known to aggressively export and market Ceylon tea brands in the Russian Federation – why? Because Russia and the CIS are the single largest and most important market for Ceylon Tea. As such, the year 2010 alone saw over 77.2 thousand metric tons been exported to these countries, which alone amounts to 25% of the entire country’s total tea exports each year.
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Etisalat takes Blackberry services to everyone
28-February-2011
 Keeping in line with the promise of 'Blackberry for everyone”, Etisalat has opened Sri Lanka's 1st ever Etisalat Blackberry Care Centre. Conveniently located on 196, Highlevel Road, Colombo 6, this inaugural 'Blackberry Care Centre.', offers a host of Blackberry and other Etisalat services.
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Fly SriLankan Air Taxi and catch the matches in Kandy!
28-February-2011
SriLankan Air Taxi is offering cricket fans a fabulous deal to zoom up to Kandy for the three World Cup matches there in its Twin Otter floatplane.
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All Share price Index and Milanka Price Index diverge further at Colombo Bourse
By Jithendra Antonio
27-February-2011
Carsons (CARS) and Bukit Darah (BUKI) attracted investors upon announcements on subsidiaries, Selinsing (SELI), Shalimar (Malay) (SHAL), Good Hope (GOOD) and Indo Malay (INDO), which helped to boost All Share Price Index (ASPI) on Friday the 25 February 2011. The market exhibited mixed sentiments for the week with ASPI gaining 0.51% and MPI shedding 1.01%.
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Cricket fans in Colombo win Emirates Upgrade
26-February-2011
 As Colombo’s Premadasa Stadium exploded into pulsating World Cup action when co-hosts Sri Lanka met Pakistan in the first ‘big match’ of Group A, two lucky spectators won an upgrade to prime Grandstand seating courtesy of Emirates, an Official Partner of the ICC Cricket World Cup 2011. Kamal Abeysinghe, Project Chairman of EDEX, the National Higher Education and Careers Expo, and his daughter were chosen at random from the thousands of spectators who packed the stands, and moved from their seats in the upper level of Block A to the Grandstand.
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Colombo All Share Price Index gains despite heavy IPO subscription
By Jithendra Antonio
25-February-2011
Investor sentiment was bullish during early trading at Colombo Bourse on Thursday the 24 February 2011, but turned stagnant to close on a mixed note. All Share Price Index (ASPI) gained with continued interest on counters such as GLAS, LGL, LWL etc. However, stagnation of Milanka Price Index (MPI) remained with bluechips yet to attract investors according to brokers.
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Small Hydro Power industry connects 175 MW to
national grid
24-February-2011
World Bank recognizes Sri Lanka as role model
The Small Hydro Power Developers' Association (SHPDA) today announced the connection of 175 MW to Sri Lanka's national grid. 4.5% of the country's electricity requirements can now be supplied from this indigenous industry with a saving of a substantial Rs. 10 billion each year from the country's foreign exchange bill.
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Sampath Leasing and Factoring Limited (SLFL) plans aggressive growth and expansion
24-February-2011
Sampath Leasing and Factoring Limited, a fully owned subsidiary of Sampath Bank PLC, established in 2005 announced its financial results for the year 2010, which signaled a turnaround in its activities laying the platform for future growth and expansion of its activities. The Company made a Pre tax profit of LKR 165.21 Million and a Post tax profit of LKR 137.65 Million for the 12 months ended 31st December 2010.
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Slight Recovery at Colombo Bourse
By Jithendra Antonio
24-February-2011
Colombo Stock Indices recovered marginally on Wednesday the 24 February 2011 amidst renewed retail interest witnessed in counters such as GRAN, GLAS, RICH, TAFL etc. Thin volume trading continued while institutional and high networth investors were more on the selling side according to brokers.
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Grand felicitation for Carsons Chairman and Directors on recent international recognition
24-February-2011
 Carsons Management Services (Pvt) Limited recently felicitated the Chairman and two Directors of Carson Cumberbatch Group on the recent international recognition and accolades bestowed on them, at a corporate function held at Grand Ballroom, Hilton Colombo. Chief Guest at the glittering felicitation was Dr. Koshi Mathai – IMF Resident Representative in Sri Lanka. Also present were top business leaders of the country, members of the diplomatic community and well wishers.
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Indices remain red at Colombo
By Jithendra Antonio
23-February-2011
Indices continued to dip with thin volumes after the rapid gains made over the last few weeks at Colombo Stock Exchange on Tuesday the 22 February 2011. However, retail investor interest was shown in counters such as LWL and RHTL despite the profit taking across the board.
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Now get your personalised horoscope read though
an Etisalat connection
22-February-2011
 For the first time in Sri Lanka, you can now get your Horoscope read through your Etisalat mobile phone connection. Connecting a potent mix of tradition and innovation, Etisalat has launched this pioneering and unique Value Added Service together with respected astrologer Mr. Chandrasiri Bandara. Exclusively facilitated by Etisalat, Mr. Bandara will provide personalized Horoscopes at your finger tips.
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Lanka IOC completes ‘Go Green’ initiative at Hambantota
22-February-2011
 Lanka IOC has announced the successful completion of its innovative, eco-friendly ‘Go Green’ community initiative which enlisted the support of underprivileged school students from diverse ethnic and religious backgrounds in many areas of the country, to plant 1500 saplings within a year.
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New Board of Directors to turn around the profitability of The Finance creating shareholder value
By Jithendra Antonio
22-February-2011
After a fresh capital infusion by public and a couple of institutional and high net worth investors the oldest finance company of the country The Finance PLC has recently appointed a new Board of Directors under Central Bank’s guidance. Accordingly appointed by the Central Bank of Sri Lanka, the Board consists of the new Chairman, Preethi Jayawardena; Director/CEO Kamal Yatawara; Directors Ajith Devasurendra, Nirmala Anura Fernando, R. Nadarajah, Violet Dissanayake, T.B. Ekanayaka, N.C. Rupasinghe and Dr. T. Senthiverl.
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Gold Corporate Accountability rating for Brandix
21-February-2011
 Top apparel exporter Brandix Lanka Limited has been awarded a Gold rating for the second consecutive year in the 2011 edition of the coveted ‘Sting Corporate Accountability Index’ released by the Lanka Monthly Digest (LMD) magazine in association with Sting Consultants.
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Furthering ICT knowledge and accessibility in rural areas
21-February-2011
 In keeping with the government’s drive to promote ICT across the country, the Chief Minister of the Uva Province, Shashindra Kumara Rajapaksa has shown keen interest in working with Intel to further enhance ICT activities.
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Nestlé opens nominations for 2012 Prize in
Creating Shared Value
21-February-2011
Nestlé set the ball rolling last week for the 2012 Global award for Creating Shared Value. Announcing the call for entries at the International Food Policy Research Institute (IFPRI) global conference on ‘Leveraging Agriculture for Improving Nutrition and Health’ in Delhi, India, Mr. Antonio Helio Waszyk, Chairman of Nestlé Lanka PLC and Head of Nestlé South Asia Region stated “Nestlé’s basic approach to business is to Create Shared Value for its shareholders and the communities where it operates.
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Commercial Bank helps families displaced by conflict
21-February-2011
Four families from the Chavakachecheri area in Jaffna have an opportunity to begin life anew, thanks to another community initiative of the Commercial Bank. Two of these families have received houses built on their own lands and the other two will receive their new houses later this year. Each house comprises of a living room, a large bedroom, a kitchen and a bathroom and has water supply and electricity.
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Emirates Airline Begins ICC 2011
Cricket
World Cup Celebrations
21-February-2011
 The 2011 ICC Cricket World Cup kicked off with co-hosts India and Bangladesh facing off at the Sher-e-Bangla National Stadium in Mirpur, Dhaka.
Emirates, in its capacity as an ICC Official Partner, is sponsoring the 10th Cricket World Cup as excitement builds across South Asia ahead of what promises to be a spectacular tournament.
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GSK acquires rights to BMS products in Sri Lanka
21-February-2011
Pharmaceuticals giant GlaxoSmithKline (GSK) has announced that it has acquired the rights in Sri Lanka for the products of Bristol-Myers Squibb (BMS), a reputed global pharmaceuticals company, following a similar acquisition in Pakistan, the regional headquarters of BMS.
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Immediate Correction at Colombo Bourse
By Jithendra Antonio
17-February-2011
Indices dipped sharply during early trading on Tuesday the February 15th with corrections made on counters of Carsons owned subsidiaries which experienced a sudden appreciation on earlier day. However, buying pressure was witnessed in counters such as LCEY, HVA and some Motor sector stocks.
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TVS Lanka launches clutch free Motorcycle to Sri Lanka
17-February-2011
 TVS Lanka (Pvt) Ltd,. Renown for many in new technology and innovation, is once again set to take the motorbike market by storm with the TVS JIVE 100cc motorbike notable for the absence of the clutch lever, making riding on this motorcycle a hands free gear shift experience.
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Carsons’ Oil palm boom at Colombo Bourse
By Jithendra Antonio
15-February-2011
Business Magnate Tilak De Zoysa led Carsons (CARS) and Carsons owned Bukit Darah (BUKIT), Ceylon Investment (CINV) coupled with some oil palm sector stocks boosted the All Share Price Index (ASPI) by over 200 points on Monday the 14 February 2011. However Milanka Price Index (MPI) remained stagnant amidst bearish sentiment upon most other counters.
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Talawakelle Tea Estates makes turnaround in 2010
14-February-2011
Talawakelle Tea Estates PLC, the Hayleys Group’s plantation subsidiary, has made a noteworthy return to profitability in 2010.
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World Cup action on giant screens at SriLankan Airlines’ Serendib Lounge
14-February-2011
SriLankan Airlines Business Class passengers travelling during the Cricket World Cup needn’t despair about missing out on their favourite matches, as they can watch the action on giant screens at the airline’s plush Serendib Lounge at Bandaranaike International Airport. SriLankan’s Manager Airport Service Delivery Ajith Fernando said: “Many of our passengers are from countries around the Commonwealth where cricket is almost a religion, including India and the UK. We have installed two 55-inch LED backlit screens at the Serendib Lounge on which every match will be shown live. The giant screens are now permanent fixtures in the Lounge for passengers to also watch the latest blockbuster movies of their choice from Hollywood and Bollywood.”
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Arpico Supercentre awards the Grand Prize of a Hyundai Santa Fe worth Rs.6.5 Million in the “Merry Wheels” promotion
14-February-2011
The award ceremony to give-away the grand prize of a Hyundai Santa Fe SUV worth Rs.6.5Mn, to the winner of the Arpico Supercentre “Merry Wheels” promotion was held at the newly opened Arpico Supercentre in Wattala which is the most eco-friendly Supercentre in Sri Lanka. The grand prize offered by Arpico Supercentre was the highest prize on offer during the season.
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Week finishes in green at Colombo Bourse
By Jithendra Antonio
12-February-2011
Investors responded well to the positive interim results on Friday the 11 February, 2011 to lift All Share Price Index (ASPI) over 100 points during early trading. However, momentum was subdued and market became stagnant as profit taking took place on counters such as TYRE. ASPI and MPI gained 3.26% and 1.10% for the week respectively according to brokers.
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Etisalat opens exclusive Post-pay Dealer outlet, in Borella
12-February-2011
In a move towards serving their Customers better, Etisalat announced the opening of an exclusive Post-pay Dealer outlet, in the busy and bustling heart of Borella. The outlet offers a host of services including Bill payments, Reloads, Scratch cards, Postpay & Prepaid connections, Customer care and BlackBerry services. |
Dialog First to Top USD 1 Billion FDI –
Commits USD 150 Million More
11-February-2011
Sri Lanka’s flagship telecommunications provider, Dialog Axiata PLC, entered in to an agreement with the Board of Investment of Sri Lanka (BOI) to invest a further USD 150 Million towards the advancement and expansion of ICT infrastructure in Sri Lanka.
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Emerald delivers what Sri Lanka Deserves!
11-February-2011
Emerald, Sri Lanka’s leading brand in shirts, today unveiled its latest range of ultra-premium shirts crafted by the celebrated Italian shirt “engineer” - Roberto Inglesi. The first Collection under this premium range is the “RI” Collection -which takes its name from Signor Roberto Inglesi himself, who is also the Head of Design & Technical of Emerald, and as such, represents a fusion between cutting-edge Italian men’s fashion and five decades of shirt manufacturing experience.
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Retailers lift indices at Colombo Bourse
By Jithendra Antonio
11-February-2011
Institutional and high networth investor participation was witnessed during early trading on Thursday the February 10, 2011 while a fresh round of retail buying further boosted All Share Price Index (ASPI) during the latter part of trading according to brokers. “Milanka Price Index was choppy during the day but ended on a positive note” brokers said.
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Union Bank heralds in a new era in Banking
with the much awaited IPO
10-February-2011
Union Bank, one of Sri Lanka's last commercial banks to be listed in the Colombo Stock Exchange, is on he threshold of entering a new phase of growth and stability with the announcement of its much awaited IPO on 10th February 2011.
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KIK Cola sponsors Mighty Mini KIK Cola
Pannala Challenge 2011
10-February-2011
The Mighty Mini Club of Sri Lanka held the Mighty Mini KIK Cola Pannala Challenge 2011 at the Pannala Racing Circuit recently, a very successful race event despite the inclement weather.
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Volatility mull over at Colombo Stock Exchange
By Jithendra Antonio
09-February-2011
Negotiated deals (foreign sales) pertaining to Commercial Bank coupled with retail profit taking weighed on All Share Price IndexI during early trading on Wednesday the 9, February 2011, diluting gains in other counters. However, gains in some large & mid-cap counters edged the MPI up according to brokers.
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Sri Lanka All Share Price Index gains against
profit taking
By Jithendra Antonio
09-February-2011
Colombo Stock Market was volatile in early trading on Tuesday the 8 February, 2011 as investors showed mixed sentiments. Buying pressure witnessed towards the latter part, helped All Share Price Index gain slightly. However, profit taking was witnessed in Poultry, Plantation and Manufacturing sectors and interest was witnessed in the Hotel sector according to brokers.
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Prestige Limousines launches the first ever
limousines in Sri Lanka
09-February-2011
Prestige Limousines launched its new limousines, the Toyota Land Cruiser Prado limousine - the world's first Toyota limousine on that brand, the Chrysler 300C limousine and the Hummer H3 limousine today at the BMICH Hall B. The Chief Guest at this glamorous event was Hon. Namal Rajapaksa MP along with a host of honorable minister’s, cricketers, celebrities and distinguished guests. The proud owner of the first limousine Mr. Zakir Ahamed, Managing Director, Casons Rent-A-Car was handed over the keys to the Chrysler at the event. |
Emirates treats for World Cup spectators
in Colombo
09-February-2011
 As battle-ready teams limber up for the 2011 ICC Cricket World Cup, Emirates, an Official Partner of the event, is readying special treats for spectators at venues across the subcontinent, including Sri Lanka. Cricket lovers who flock to matches at Colombo’s R. Premadasa International Stadium will be offered an opportunity to win attractive gifts and upgrades to better seating by participating in fun activities that have become synonymous with Emirates-sponsored sporting events around the world.
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Retail momentum continues at Colombo Stock Exchange
By Jithendra Antonio
08-February-2011
The week started with Colombo stock indices gaining, extending the momentum from last week. Retail activity was witnessed in counters such as RICH, PCH, CLND while profit takers may have to move towards the blue chip counters to adjust the discrepancy between ASPI and MPI according to brokers.
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Etisalat introduces 'Job Hunt; vacancy alerts,
for the 1st time in Sri Lanka
08-February-2011
 For the 1st time in Sri Lanka, you can now receive job vacancy alerts on your mobile phone. Exclusively from Etisalat, the 'Job Hunt' Service is unique and the first of its kind. In line with their promise of providing innovative, unique and customer focused Value Added Services, 'Job Hunt', is an application enabling you to receive SMS alerts regarding job vacancies that suit you.
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PCH Commercial Strength Drives Third Quarter
Financial Results
07-February-2011
Customer demand for PCH hardware and software significantly increased in the last quarter driving a 33% improvement in the Company’s total revenue to Rs. 2.56 billion in the nine month period compared to the same period last year. With this impressive run of the market, PCH continues to maintain its leading position in the IT industry.
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GSK donates medicines worth Rs. 2 million to flood victims
07-February-2011
 GlaxoSmithKline (GSK), the leading pharmaceuticals, vaccines and healthcare company in Sri Lanka, has donated a consignment of essential medicines worth Rs. 2 million to the government for the use of those affected by the recent floods. The consignment was presented to the Minister of Health, Maithripala Sirisena by GSK Pharmaceuticals Sri Lanka Managing Director, Stuart Chapman recently. The consignment comprised broad spectrum antibiotics, respiratory products (including inhalers) and vitamins.
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Richard Pieris’ launches Stock Broking Operations
07-February-2011
 Richard Pieris Securities (Pvt) Ltd a wholly owned subsidiary Company of Richard Pieris & Co PLC had its public launch of its stock broking operation at the Oak Room, Cinnamon Grand Hotel on the 3rd of February 2011. The Chairman of Richard Pieris & Company PLC Dr. Sena Yaddehige presented the research document to Mr. Ajith Nivard Cabraal, Governor, Central Bank, Mr. Nihal Fonseka, Chairman Colombo Stock Exchange and Mr. Malik Cader Director General Securities & Exchange Commission, Mr. Guido Brassler Managing director Credit Suisse. The launch which commenced at 6.30 pm was followed by a cocktail party.
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Investors react to IMF’s confidence at Colombo
By Jithendra Antonio
04-February-2011
More stocks listed in Colombo Stock market joined the positive streak to post substantial gains on Thursday the 3 February, 2011 while International Monetary Fund (IMF) disbursed its sixth tranche amounting to US $ 216 million to Sri Lanka under the US $ 2.6 billion loan. Retail sentiment is bullish irrespective of the stagnation in some of the fundamentally strong blue chip counters according to brokers. Plantation and Manufacturing sectors were on the uptrend during trading hours.
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Prestige Limousines to launch the first ever limousines in
Sri Lanka
03-February-2011
In what will be Sri Lanka’s first ever sight of the luxury vehicle within the country,Prestige Limousines is now setting the stage to launch new limousines, the Toyota LandcruiserPrado limousine - the world's first Toyota limousine on that brand, the Chrysler 300C limousineand the Hummer H3 limousine on the 7th of February 2011 at the BMICH Hall B. Chief guest of this event is Hon. Namal Rajapaksa MP.
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All Share Price Index records all time high again in
Colombo Stock Exchange
By Jithendra Antonio
03-February-2011
Sri Lanka stock indices gained amidst aggressive retail buying on Wednesday the 2 February, 2011. Stocks which created short term rallies in Poultry and Manufacturing sectors recently, witnessed further interest. Large cap counters continued to underperform small and mid caps which is a cause for concern according to brokers.
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airtel Lakshapathiya winners announced
03-February-2011
Emerging victorious from over 150,000 participants, 8 lucky contestants walked away with Rs 100,000/- each, winning the airtel Lakshapathiya competition. Winning contestants were chosen from among airtel customers who had downloaded the most number of Welcome Tunes by dialing into 7551 on their airtel mobile within a 2 month promotion period that ended in December last year.
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Second Emirates Colombo Classic golf tournament on 12th Feb.
02-February-2011
 More than 220 amateur golfers will tee off at the Royal Colombo Golf Club (RCGC) on Saturday 12th February at the second edition of the Emirates Colombo Classic tournament sponsored by the award-winning Dubai-based international airline.
The tournament will be open to golfers drawn from the members of the 132-year old club, and corporate clients of the airline. The inaugural Emirates Colombo Classic took place at the RCGC in February 2009.
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Commercial Bank helps flood victims in Eastern Province
02-February-2011
 The Commercial Bank of Ceylon recently assisted people living in flood affected areas in the Eastern Province, in a continuation of the Bank’s efforts to support the community.
The Bank donated stocks of the most urgently needed dry rations, water, milk powder and other essential items to these people with the help of the Sri Lanka Army. In addition to the Bank, employees of all Commercial Bank branches contributed funds for this project. The staff of the Bank’s branches at Hingurakgoda, Batticaloa and Valaichchenai helped to distribute these items.
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DART GLOBAL LOGISTICS – OFFICIAL FREIGHT FORWARDER FOR
JAFFNA INTERNATIONAL TRADE FAIR 2011
02-February-2011
 Dart Global Logistics were the official freight forwarder for the Jaffna International trade Fair 2011 where the total logistics for the event was managed by Dart Global where the total project has been challenging as ever due to the road conditions & extreme weather conditions. Further Dart Global had the most unique stall at the event where it was made out of a 20ft APL container which was based right at the entrance. Seen above are the officials of Dart Global with well wishers from Sri Lankan Airlines cargo & Emirates Cargo.
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Colombo Stock market ends with active rally in
mid cap and small stocks
By Jithendra Antonio
02-February-2011
Colomb Bourse closed the trading on Tuesday the 1 February, 2011 with active retail trading in the small and mid-cap stocks whilst the All Share Price Index (ASPI) closed at 7,190.77, shot up 0.22% by 15.90 points and the Milanka Price Index (MPI) closed at 7,121.28, dipped 0.18% through 12.99 points.
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eMarketingEye celebrates a vibrant four years of success
02-February-2011
In keeping with its credence “Optimizing ē future’, eMarketingEye (www.emarketingeye.com) has grown from strength to strength delivering unparalleled services matched with internationally renowned quality and commitment.
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Testing times with Colombo Stocks
By Jithendra Antonio
01-February-2011
Week started on Monday 31 January, 2011 witnessed Colombo stock indices dipping slightly, continuing the selling pressure from last week. “Investor sentiment is mixed amidst the current congestion period of the market. The direction will depend on the extent to which investors would evaluate the interim results.” brokers said.
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DFCC Bank's award-wining MindStar Launches Season 2
28-February-2011
DFCC MindsStar, the award-wining reality TV quiz show produced by DFCC bank announced the launch of the show's 2nd season today.
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Brandix associate in remarkable literary journey
28-February-2011
In the space of just ten years, Brandix Associate Renuka Bandaragoda has progressed from being a Machine Operator at Brandix to Communications Coordinator, Editor of the highest privately-circulated newspaper in the country and author of three books, exemplifying the tenet that given the conducive environment, human potential is limitless.
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read in Sinhala >> |
Panasonic Launches New "ECO NAVI" Room Air-Conditioners in Sri Lanka together with Softlogic
24-February-2011
 One touch for Smart-Saving. Live Smart, Live Stylish!! Panasonic together with Softlogic announced today at Sri Lanka Architect Exhibition 2011, the introduction of 8 new room air conditioner models under the "ECO NAVI" series.
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Sri Lanka CERT, the national CERT (Computer Emergency Response Team) of Sri Lanka, has joined IMPACT an international organisation against cyber-terrorism. IMPACT is the world’s first global partnership dedicated to combating criminal and terrorist activities using information and communication technologies.
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read in Sinhala >>
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Commercial Bank opens branch at Dankotuwa
24-February-2011
The Commercial Bank of Ceylon PLC has opened its 188th branch in Sri Lanka at Dankotuwa.
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MARKSS HLC sponsors unique medical camp organized by doctor past pupils of Devi Balika Vidyalaya
23-February-2011
One of Sri Lanka’s most dynamic and fast growing healthcare companies – MARKSS HLC recently sponsored the Annual Special Medical Camp organized by the Old Girls Association of Devi Balika Vidyalaya. A special feature of this Medical Camp was that it was conducted by Consultants and Doctors who were old girls of the school for the present and retired teachers of the school.
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WOW Bonanza Rewards Customers at PC House
9 to 9 Showroom
22-February-2011
Bringing an element of excitement to shopping, the PC House PLC’s flagship showroom 9to9 is rewarding its customers handsomely through an exciting promotion.
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Triumph International introduces the ‘T-shirt Bra’ to the Sri Lankan Fashion world
21-February-2011
Triumph Sri Lanka launched it’s exciting ‘T-shirt Bra’ collection in a novel and exciting fashion to the Sri Lankan market at the Crescat Boulevard recently.
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Sri Lanka’s first Welding Excellence Centre opens in Colombo
21-February-2011
United Tractor and Equipment (UTE), a leading supplier of industrial welding products in Sri Lanka, has opened the first exclusive outlet in the country dedicated to welding products and the latest welding technology.
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Size matters, says Asian Paints’ stall at Architect 2011
21-February-2011
The pages of a giant book, standing as tall as a well-built man, will greet visitors to the Asian Paints stall at the Architect 2011 exhibition, which takes place at the Sirimavo Bandaranaike Exhibition Centre of the BMICH complex from 23rd to 27th February.
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Lanka BPO Academy enters a partnership with JobsNet
18-February-2011
The Lanka BPO Academy (LBA), the island’s first and only Business Process Outsourcing (BPO) capacity building training organization with exclusive international BPO Certification programs today announced that it has entered a partnership with the government supported body Sri Lanka JobsNet (Rakiya Piyasa). The Academy signed its partnership with JobsNet at an event organized at Sri Lanka JobsNet.
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Visakha holds Inter-House Swimming Meet
17-February-2011
Visakha Vidyalaya's annual Inter-House Swimming Meet will be held at 1.00 pm on Tuesday 22 February 2011 at the School's Swimming Complex.
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Ceylinco Life’s ‘Pranama’ marks a decade of scholarships
15-February-2011
New scholarships worth Rs 7.6 million were awarded to 142 young Sri Lankans at the 10th edition of Ceylinco Life’s ‘Pranama’ scholarships programme recently.
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Dettol Reaches Out to the Flood Victims in the East
14-February-2011
Dettol, a leading brand of Reckitt Benckiser and a global leader in health and hygiene, provided relief assistance to affected families in the East in the aftermath of the recent floods.
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SriLankan Cares begins final phase of Rs. 24 million school project in South
12-February-2011
SriLankan Cares has commenced the final phase of its Rs. 24 million project to upgrade Janadhipathi Prathamika Vidyalaya in the Hambantota District, enabling children in this school of 4,000 students to study up to the Advanced Level standard.
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Hurry! Few more Plots available at CT Gardens in Piliyandala...
11-February-2011
CT Properties Limited, the property development arm of CT Holdings PLC, held a ‘Family Open House’ from February 04 to 06 2011 to introduce its township development project, CT Gardens, Piliyandala.
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KVPL records better performance in 2010
11-February-2011
A significantly higher tea crop and strong rubber prices have combined to enable Kelani Valley Plantations PLC (KVPL), the Dipped Products (DPL) plantation subsidiary, to end 2010 with a positive performance from a loss of Rs 28 million in 2009.
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Walk for Cancer, Walk for Life
09-February-2011
“Cancer is a diagnosis. Not a death sentence.” This is the hope that needs to be conveyed to the people. To bring this message to light, friends and family members of cancer victims and survivors will participate in a Walk for Cancer on the 06th of March 2011, at 4.00 pm from Town Hall to Green Path.
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Ceylinco Life launches ‘Life Insurance Week’ for 4th time
09-February-2011
More than 5000 sales personnel of Sri Lanka’s Life Insurance Leader Ceylinco Life will make a concerted effort to educate the public on the importance of Life Insurance during the fourth Life Insurance Week which is to be observed from February 11-17.
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Commercial Bank opens Ruwanwella branch
08-February-2011
The Commercial Bank of Ceylon PLC has opened a branch at Ruwanwella, expanding its branch network in Sri Lanka to 187 branches.
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FOOD NIGHT MARKET
07-February-2011
From 4.00 p.m. to 12.00 Midnight on Tuesday the 15th February 2011 at Vihara Maha Devi Park.
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Art of Investment -
Sri Lankan Stock Market Investment Seminar organised by The Lankian magazine
07-February-2011
“We are proud to promote the CSE, which is the best market in the world today’’ says Mrs. Himaddrini Abayanayake, editor of ‘The Lankian’ magazine.
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Central Bank to issue new currency notes to the President at 63rd Independence day
By Jithendra Antonio
04-February-2011
The first set of Sri Lanka’s currency notes under the new series will be ceremonially issued to the President Mahinda Rajapaksa at the Deyata Kirula Exhibition in Buttala on Today 4 February 2011 by the Governor of the Central Bank Mr. Ajith Nivard Cabraal, island nation’s Central Bank said in a statement.
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Etisalat Rewards Their Valuable Sub Dealers and Their Families
03-February-2011
As a reinforcement of how invaluable Etisalat considers their dealers, Etisalat invited their South Sub Dealers and their families to a day out to ‘Leisure World’ in Hanwella to the ‘Etisalat Family Savari'.
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London Fashion College academics launch CPD course at Moratuwa University
03-February-2011
Two leading academics from the London College of Fashion commenced an eight week course on Continuing Professional Development (CPD) at the Moratuwa University on Thursday.
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The automation of all birth certificates of the Monaragala District has been completed.
Accordingly residents of the Monaragala District are now able to obtain certified copies of birth, marriage and death certificates within a few minutes, says the ICT Agency of Sri Lanka (ICTA).
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Ceylinco Life selects 2011 ‘Family Savari’ winners
02-February-2011
The new year brought exciting news to more than 2800 people from all around Sri Lanka, when they were selected as the winners of the fourth Ceylinco Life ‘Family Savari’ promotion.
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New Emirates SkyCargo Trade Route To Boost Iraq Business
01-February-2011
Emirates SkyCargo - the freight division of Dubai-based airline Emirates â will be adding further momentum to the surge in trading through Iraq with the launch of its new service to Basra on 2nd February.
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Venora International Projects achieves ISO 9001:2008 certification from SGS
01-February-2011
Electrical and Telecommunication solutions providers, Venora International Projects Limited recently received the prestigious ISO 9001:2008 certification from SGS, the world’s leading inspection, verification, testing and certification company, and joins a very elite list of electrical engineering companies in Sri Lanka to be ISO certified.
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Markss participates at ‘Pharmexil’ business meet
in India
01-February-2011
One of Sri Lanka’s most dynamic and fast growing healthcare companies – Markss HLC participated recently in the “India – Saarc & Asian Pharmaceutical Meet” held at the Ramada Hotel in Alahabad, situated in the State of Gujarat in India.
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