Launch of ‘Lester James Peries and Sumitra Peries Foundation’
31-May-2011
Celebrated Indian film maker, Padma Vibushan Dr. Adoor Gopalakrishnan will be Chief Guest at the launch of the "Lester James Peries and Sumitra Peries Foundation” at the BMICH on Thursday 09 June 2011.
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Neidra and Jehan take centre stage on "Celeb Chat"
31-May-2011
Thespian couple Neidra Williams and Jehan Bastians take centre stage on CSN's "Celeb Chat" at 09.30 pm on Monday 06 June 2011 with host Kumar de Silva.
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Veet in the limelight with “ Miss Sri Lanka for Miss World 2011”
30-May-2011
Veet in collaboration with Derana TV, conducted the “Miss Derana Veet Sri Lanka” beauty pageant with great fanfare and publicity befitting the gala event at the Galadari Hotel, Grand Ballroom.
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Oracle E-Business Suite Release 12.1.3 Helps Commercial Bank of Ceylon PLC Automate Financial Reporting and Assets Management
30-May-2011
Commercial Bank of Ceylon PLC, a premier bank in Sri Lanka has successfully implemented Oracle E-Business Suite Release 12.1.3 and Oracle Database 11g running on Oracle Linux to streamline its reporting processes, managing of assets while enhancing productivity and operational efficiency.
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10th ANNIVERSARY CELEBRATIONS OF PROFOOD / PROPACK INTERNATIONAL EXHIBITION 2011
27-May-2011
The main International Exhibition of food Processing, Packaging and Agribusiness fraternities will once again combine on the 26th, 27th and 28th of August 2011 to showcase Sri Lanka’s complete food supply chain in this much awaited 10th Anniversary show. Culminating from the past 9 successful exhibitions, the 10th Anniversary exhibition will have over 300 stalls covering the totality of the food supply chain, giving opportunities for investors, traders and consumers to see first hand the availability and opportunities in this industry.
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SriLankan Air Taxi launches daily flights to Kandy
26-May-2011
Travel time between Colombo and Kandy has been reduced to just 30 minutes with the launch of SriLankan Air Taxi’s daily scheduled service to the hill capital.
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Renuka Holdings posts record profits of
Rs. 966 Mn for the year 2010/2011
26-May-2011
Encouraged by the buoyancy of the economy, Renuka Holdings PLC has recorded an impressive turnover and profit after taxation for the year ended 31 march 2011 as per the provisional financial statement released.
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Sri Lanka seeks more investments from Saudi Arabia
26-May-2011
It is important to expedite the implementation of the MoU between Saudi Arabia and Sri Lanka by establishing the proposed joint commission.
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ODEL’s pre-tax profit up 68% in 2010-11
25-May-2011
ODEL PLC, Sri Lanka’s only public quoted fashion retailer, has proposed a final dividend of Rs 0.25 per share for 2010-11, taking total dividend payout for the eight months since it was listed, to Rs 72,475,000.
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SriLankan Airlines flights to Europe on schedule
24-May-2011
All SriLankan Airlines flights to Europe will depart as scheduled with a contingency plan to fly to alternate airports, in case Iceland ’s volcanic ash clouds spread further into Europe.
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Ceylinco Healthcare Centre organises ‘walk for prevention’
24-May-2011
Believers in the importance of prevention of disease through routine health check-ups are to be provided an opportunity to promote the cause by joining a walk to raise public awareness on the subject.
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Hameedia’s brands enjoy rating in Brands Annual 2011
24-May-2011
Sri Lanka’s leading menswear specialist, Hameedia recently became the country’s only clothing manufacturer and retailer to have three of its brands among the Top 100 Unlisted Brands in the current Brands Annual 2011.
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Royal College English DramSoc presents
“Jack and the SOY Beanstalk”
23-May-2011
Continuing in its grand tradition of excellence in theatre and the dramatic art, the Royal College English Drama Society presents, “Jack and the SOY Beanstalk”, a modern take on the age-old classic which replaces the old demons with current culprits who exploit people and resources for short term gain - leaving nothing for future generations
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Strong revenue growth at Hayleys in 2010-11
20-May-2011
Hayleys PLC has reported turnover of Rs 54.4 billion and profit before tax of Rs 2.1 billion for the 12 months ending 31st March 2011, a year in which strong performances in most business sectors were recorded.
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Hayleys celebrates Vesak in traditional style
19-May-2011
Creativity and innovation blended seamlessly with religious fervor when employees of the Hayleys Group celebrated Vesak in customary tradition at the Group’s head office at Deans Road, Colombo earlier this week.
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Lufthansa Cargo holds regional meeting in Sri Lanka
17-May-2011
Lufthansa Cargo held its Regional Meeting in Sri Lanka recently, at Paradise Beach Hotel Negombo.
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DSL felicitates dealers in fabulous style in Bangkok
16-May-2011
Showing their appreciation for yet another year, Douglas and Sons (Pvt) Limited (DSL) hosted their dealers to a glittering Awards Night at Centara Grand at Central World, in the fascinating city of Bangkok last week.
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Ada Derana Apple App launched
16-May-2011
Sri Lanka’s most reliable news property Ada Derana has delivered accessibility on yet another platform with the launch of an app for Apple iphones and ipads.
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Iranian Assistance helpful to boost historic relations-Minister Bathiudeen
16-May-2011
Sri Lanka is most thankful for development assistance from Iran.
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What is next in Modern Marketing?
13-May-2011
World renowned marketing guru, Professor Philip Kotler will make his presence felt in Sri Lanka for the first time by delivering a certified seminar in June 2011, facilitated by Sri Lanka Institute of Marketing, the national body of marketing in Sri Lanka.
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First Capital Holdings posts healthy profits during 2010/2011
12-May-2011
First Capital Holdings PLC has posted a healthy profit after tax for the financial year 2010/2011 of Rs. 990,260,000 compared to Rs. 682,244,000 for the previous financial year.
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Dipped Products sustains sales & profits in difficult Year
12-May-2011
Higher contributions from plantations coupled with internal measures to counter rising raw material costs helped Dipped Products PLC post healthy revenue growth in 2010-11 and maintain profitability in a year of contracting margins in its hand protection businesses.
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ICICI Bank ties up with Sampath Bank for Money2SriLanka
Online remittance tracking facility
11-May-2011
ICICI Bank Limited (“ICICI Bank”), India's largest private sector bank today, announced the launch of Money2SriLanka (M2SL), an online remittance tracking facility in collaboration with Sampath Bank PLC.
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Seylan Bank aims at greater expansion with Rs. 4.6 Bn Rights Issue
11-May-2011
At an Extraordinary General Meeting held on Monday 09 May 2011, Seylan Bank announced its launch of a Rights Issue through which it proposes to raise Rs. 4,691,533,285.
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Kandy embraces ODEL
11-May-2011
Kandy will be the first location outside the Greater Colombo area to have its own ODEL experience, when Sri Lanka’s premier fashion and lifestyle brand opens its latest store at the Kandy City Centre, on Friday, 20th May.
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Emirates Group Achieves Record Profit in 2010-11
11-May-2011
The Emirates Group has marked its 23rd consecutive year of profit with a record performance of AED 5.9 billion (US$ 1.6 billion) net profit, despite a challenging business climate.
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Special loans from Commercial Bank for ‘Victoria Range’ bungalows
10-May-2011
People aspiring to own a luxury residence or holiday bungalow nestled amidst the lush and tranquil hills of Kandy can now obtain financial assistance for the purpose from the Commercial Bank of Ceylon.
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Commercial Bank goes to Velanai
09-May-2011
The Commercial Bank of Ceylon has opened a branch in Velanai to enhance access for the Bank’s growing customer base in the Jaffna Peninsula.
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Microsoft GamataIT to reach 1000 rural schools Joins hands with
Tharunayata Hetak movement
06-May-2011
Continuing in their quest of taking ICT across the island and changing the lives of rural communities, Microsoft Sri Lanka’s Gamata IT Programme will begin empowering 1000 schools with MultiPoint Labs.
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BURHANI EXPO SITE 2011
05-May-2011
The Borah Community together with other trade and consumer companies will combine its efforts on the 13th, 14th and 15th of May 2011 to showcase a complete range of consumer and industrial products and services under one roof.
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Statement from SriLankan Airlines
05-May-2011
Mr Kapila Chandrasena, current CEO Mihin Lanka has been appointed as Chief Executive Officer Designate of SriLankan Airlines with immediate effect.
Mr Chandrasena will assume the role of CEO from 01 August 2011 from the current CEO/Mr Manoj Gunawardena whose term in office comes to an end on 31 July 2011. |
Intel Felicitates Teachers in Uva Province
05-May-2011
Pushing its agenda of imparting 21st century skills to teachers and students, Intel announced that it has trained over 2500 teachers in the Uva Province.
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Emirates' A380 Sets Course For Rome
04-May-2011
Emirates is sending its popular A380 aircraft to Rome to mark Fiumicino airport's 50th anniversary, along with 150 years of Italian unification.
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PCH closes FY 2010/2011 on an impressive note
31-May-2011
 PC House, Sri Lanka’s leading provider of ICT solutions, has ended the current financial year with a final dividend of 25 cents per share for 2010/2011 with a total dividend of Rs. 57,233,334 being paid within 7 months after the IPO. These significant results are indicative of the company’s strategic plans with its new vision headed by a forward thinking Chairman and his capable management team.
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Free Dubai stays for Emirates’ First & Business Class passengers
31-May-2011
 Free luxury accommodation in Dubai is on offer to Emirates’ First and Business Class passengers who make a stopover while travelling to or returning from 10 popular destinations in the airline’s network. This latest promotion by the award-winning Dubai-based international airline entitles First Class passengers with return bookings on the designated routes to two free nights accommodation at the Armani Hotel Dubai on bed and breakfast basis (single or double occupancy) with priority access tickets to ‘At the Top,’ Burj Khalifa or at Jumeirah Zabeel Saray on bed and breakfast basis (single or double occupancy) with complimentary access to Wild Wadi Water Park.
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Arpico Supercentres crowns “Avuruddama Avurudhu” New Year promotion winners
30-May-2011
 Arpico Supercentres, Sri Lanka’s largest and superior large format retailer, living to its brand promise fresh ideas everyday, selected the winners of the novel and attractive promotion titled “Avuruddama Avurudhu”, offering a whole host of prizes and surprises to its customers throughout the island.
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Retailers Drive Turnover at Colombo Bourse
By Jithendra Antonio
28-May-2011
Colombo Both Indices declined compared to last week, with All Share Price Index (ASPI) and Milanka Price Index (MPI) falling 0.27% and 0.06% respectively. However, the market witnessed a higher average turnover compared to last week. Market closed on a green note on Friday the 27 May 2011, mainly driven by retail and speculative investors.
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His Highness Sheik Hamdan Bin Rasheed Al Maktoum of UAE receives Minister Bathiudeen
27-May-2011
Minister of Industry and Commerce Rishad Bathiudeen (left) pays a courtesy call on His Highness Sheik Hamdan Bin Rasheed Al Maktoum (right), the Finance Minister of UAE and the Deputy Ruler of Dubai, on May 23. Minister Bathiudeen briefed His Highness Sheik Hamdan Bin Rasheed Al Maktoum of the current economic and social development situation of Sri Lanka and informed him that Sri Lanka invites UAE investors to seize investment and trading opportunities in the emergent growth climate. |
Aspirations Education to launch International Education Exhibition 2011
“The Forward March”
26-May-2011
 Aspirations Education (AE) an international career guidance and student placement service center in Sri Lanka announced the launch of its global education exhibition for the 5th consecutive year. The education exhibition will open vistas for Sri Lankan students to gain international education through prominent universities and institutes in Australia, UK, New Zealand, USA, Canada, Malaysia, India and Singapore. Themed “The Forward March”, this year’s exhibition will be hosted from the 9th and 10th July at Ceylon Continental Hotel, Colombo and the 12th July at Queen's Hotel, Kandy.
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Nestlé Reaffirms its Strong Commitment to
Sri Lanka
at 30th AGM
26-May-2011
 Nestlé Lanka PLC, leading Nutrition, Health and Wellness Company in Sri Lanka, held its 30th Annual General meeting yesterday in Colombo, chaired by its Chairman and Market Head of Nestlé South Asia, Mr. Antonio Helio Waszyk.
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SRI LANKA’S HOLCIM HOLDS ASIA’S FIRST CARBON NEUTRAL AWARD CEREMONY
25-May-2011
 The Carbon Consulting Company helped Geocycle, a subsidiary of Holcim Lanka (Ltd) to hold their recent Geo Responsible Awards, the first ever certified Carbon Neutral awards ceremony to be held in the Asian region. The Sri Lankan Carbon Consulting Company (CCC), considered factors such as energy consumption, delegation travel, waste disposal, and supplier travel in determining the carbon footprint of the ceremony. This came to an average value of 24 kg CO2 equivalent per delegate.
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Sri Lanka to implement the long overdue Lanka-Bangladesh Joint Committee
25-May-2011
 Sri Lanka will implement the long overdue Lanka-Bangladesh Joint Committee for Economic and Technical Cooperation. Sri Lanka will also speed up implementation of last month’s MoU between HE President Mahinda Rajapakse and Prime Minister of Bangladesh Madam Sheikh Hasina.
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Serendib Flour Mills celebrates three years of
“nourishing the nation”
25-May-2011
 Serendib Flour Mills (Pvt) Ltd celebrated its third anniversary of operations in Sri Lanka on Thursday 26 May 2011, and thus, three successful years of “nourishing the nation” with an “uninterrupted supply of quality flours to Sri Lankan consumers and the industry”.
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UTE turns to used equipment to support construction boom
25-May-2011
 The growing demand for construction equipment fuelled by the resurgence of the sector, has prompted United Tractor & Equipment (UTE), the sole authorised dealer for Caterpillar in Sri Lanka, to commence imports of pre-owned (used) earthmoving machines and power generators.
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Etisalat goes Vintage!
25-May-2011
Etisalat CEO Dumindra Ratnayaka and President of the Auto mobile association of Ceylon Mr Dhammika Attygalle shake hands in recognition of the union that saw Etisalat support the recently held vintage car rally.
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Scan recognizes outstanding sales performance in 2011
25-May-2011
 In recognition of excellence and standards, Scan Products, the import, manufacturing and distribution arm of the C.W.Mackie Group conducted their annual sales conference for the year 2011/2012 recently. The event was primarily to recognize, reward and re-emphasize to their sales teams and staff the kind of standards and excellence that has made Scan a household name in the local market.
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Emirates Opens Door for Further Tourism and Trade with Germany
24-May-2011
Emirates is responding to strong passenger demand in Germany by launching extra frequencies to Frankfurt and upgrading one of its Munich flights to an A380 superjumbo. The moves will further bond two powerful trading partners - the UAE and Germany - whose relationship is worth billions of dollars annually. The UAE is the largest buyer of German products in the Arab world.
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Week starts in a weak note at Colombo Bourse
By Jithendra Antonio
24-May-2011
The Colombo Stock indices dropped, continuing the downward momentum from last week end. All sector indices declined except the Land & Property sector. Exceptional price gains of Colombo
Land (CLND) amidst heavy retail investor participation drove the Land & Property sector, following the large transaction recorded last Friday.
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AASL and SriLankan sign MOU for long term ground handling at BIA
24-May-2011
 Airport & Aviation Services (Sri Lanka) Limited has awarded SriLankan Airlines Ltd. the long term exclusive franchise for ground handling and catering services for all airlines operating to Bandaranaike International Airport for a period of ten years, further strengthening its image as South Asia’s finest airport.
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Arpico introduces first ever portable “Green Gas Unit” in Sri Lanka
24-May-2011
Arpico Plastishells Ltd, forging ahead in organic and liquid Waste Management, has introduced a Green Gas Unit in Sri Lanka providing households, hotels, restaurants, manufacturing plants, Large Scale businesses and SMEs to produce Bio Gas through organic waste, - an islands first a company spokesperson said.
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INET Colombo - 2011
23-May-2011
INET Colombo was inaugurated by Mr. Lalith Weerathunga Secretary of His Excellency the President of Sri Lanka on today. INET Colombo was organized by newly formed ISOC Sri Lanka Chapter and Global ISOC. |
Sophisticated technology for SriLankan’s BIA Cargo Centre
20-May-2011
 SriLankan Cargo is transforming its Cargo Centre at Bandaranaike International Airport (BIA) with state-of-the-art technology to further enhance its operational efficiency, and strengthening Colombo’s position as the air cargo hub in the region. Among the recent enhancements have been Hand Held Bar Code Scanners to instantly upload information on any cargo item, and the empowering of freight forwarders to complete bookings on the Internet.
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Advancing the Sri Lankan tradition of free education - www.SL2College.org
20-May-2011
Sri Lanka is one of few countries in the world to provide free education to its people. It is therefore no surprise that Sri Lanka is able to proudly declare such a high literacy rate and have so many students pursue higher education. The number of higher education options available to students has increased greatly over the past few years. However, a student who wants to pursue his or her higher education still has to consider various factors and face many challenges.
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SriLankan Airlines begins new chapter with first brand new aircraft since year 2000
19-May-2011
SriLankan Airlines began a new chapter in its long history with the arrival of its first brand new aircraft in more than a decade – a state of the art Airbus A320-200. The aircraft touched down at Bandaranaike International Airport on 19th May, straight from Airbus Industrie in Toulouse, France. The Hon. Piyankara Jayaratne, Minister of Civil Aviation, Members of Parliament Hon. P.H. Piyasena, Hon. Hunais Farook and Hon. Indika Jamindra, and Nishantha Wickremasinghe, Chairman of SriLankan Airlines, were among the VIP delegation which arrived with the aircraft.
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Illustrious Prof. Epasinghe to grace Young Inventors’ Day – Aurora 2011
19-May-2011
 Ananda College, Colombo will celebrate Aurora - 2011 - Young Inventors’ Day – for the second consecutive year at the Kularatne Hall premises from 12.30 onwards on 31st instant.
The Chief Guest of this celebration of Aurora will be ex-Ananda luminary President’s Advisor, Chairman ICT Agency of Sri Lanka (ICTA) Professor P. W. Epasinghe. One of the best personalities Ananda has produced in its 125-year history Professor Epasinghe has many laurels to his credit. These plumes on his cap include that of having been a great innovator in the education of Mathematics and Statistics in Sri Lanka for the economic development of the country.
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“Poor oral health can have a profound effect on general health and the quality of life.”
19-May-2011
Oral diseases such as dental caries (tooth decay), periodontitis (gum disease) and oral and pharyngeal cancers are a global health problem in both industrialized and increasingly in developing countries, especially amongst poorer communities, the World Health Organization (WHO) has stated. Speaking on the findings of the Sri Lankan Oral Health Report, which was last conducted in the year 2003, Dr. J.M.W. Jayasundara Bandara, Deputy Director General of Dental Health Service said that an estimated 27 million cavities among all age cohorts are threatening the oral health of the people nationwide.
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Colombo Stock Market turns green
By Jithendra Antonio
17-May-2011
Colombo Stock Indices improved supported by the price appreciations of HNB bank and John Keells Holdings (JKH) and the continuation of gains of some selected stocks. Positive interim results also seem to have spurred the momentum.
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Sri Lanka invites high level Iranian business delegation to Expo 2012
17-May-2011
"I invite a high level business delegation from Iran to Sri Lanka’s mega export show “Sri Lanka Expo 2012” to be held in early 2012. Iran and Sri Lanka has been enjoying excellent bilateral relations on the pillars of friendship and mutual cooperation. Our relations have always been cordial, and congenial" says Rishad Bathiudeen, Minister of Industry and Commerce.
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Seylan Bank celebrates 2600th Sambuddhatva Jayanti
17-May-2011
Under the guidance of the Chairman Seylan Bank Mr. Eastman Narangoda, the staff of the Bank has organized a number of activities to commemorate the 2600 Sambuddhatva Jayanti which falls this Vesak Poya.
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Commercial Bank rewards ‘e-Exchange’ recipients
16-May-2011
 A large number of recipients of remittances via Commercial Bank’s ‘e-Exchange’ instant money transfer service were generously rewarded by the Bank during an ‘Avurudu’ promotion for the facility. Valuable e-Exchange branded gifts were presented by Bank officials at special events conducted at the Bank’s Kurunegala Remittance Centre and its Ambalangoda, Anuradhapura and Batticaloa branches.
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ODEL rewards outstanding sales staff
16-May-2011
 Top fashion retailer ODEL has recognised the outstanding contributions of 10 members of its sales team at the company’s Retail Sales Personality and Retail Supervisor of the Year awards for 2010.Five employees were rewarded in each of the two categories at the 10th edition of this annual event, one of the several initiatives of ODEL to reward its sales staff.
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Emirates to Launch Airbus A380 to Johannesburg
16-May-2011
 Emirates (www.emirates.com), one of the fastest growing airlines in the world has announced that Johannesburg, the industrial and economic capital of South Africa, will be the next destination slated for its flagship A380 aircraft. The daily A380 service will start on 1 October 2011.
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Colombo Stock Market turns green
By Jithendra Antonio
13-May-2011
Both Colombo Stock indices continued to stay green throughout the day while the Milanka Price Index (MPI) gained higher than the All Share Price Index (ASPI), helped by John Keells (JKH). Retail interest was witnessed with the price increase in a number of low value counters.
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Sri Lanka – Ghana explore tech exchange & more trade
12-May-2011
Sri Lanka and Ghana should develop their bilateral trade further. While Sri Lanka can make use of Ghana’s agro-food processing expertise, Ghana can make use of Sri Lanka’s garment industry technologies to upgrade their apparel manufacturing, says Rishad Bathiudeen, Minister of Industry and Commerce.
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Janashakthi support for Sri Lanka Freight Forwarders' Association Cricket Carnival
12-May-2011
 Janashakthi Insurance PLC has come forward once again, for the second consecutive occasion, as Main Sponsor of the Six-A-Side Cricket Carnival organised by the Sri Lanka Freight Forwarders' Association (SLFFA)
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KINGSLAKE Increases Productivity of Tea Exporters
12-May-2011
Kingslake together with Infor presented their proven integrated software solution for the Tea Industry to a disinguished gathering of Tea Exporters at the Cinnamon Lakeside on 11th May 2011. The Tea Industry in Sri Lanka with its colourful history as Ceylon Tea and the current aim to be a $2.5Billion export revenue business needs to ensure that they are world class and competitive. To be competitive the Tea Exporter should automate operations to be productive and on time, every time while maintaining profitability.
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Hedge fund billionaire Raj Rajaratnam guilty of insider dealing
12-May-2011 guardian.co.uk
 Hedge fund boss found guilty of 14 charges of fraud and conspiracy, and now faces up to 20 years in prison
Hedge fund billionaire Raj Rajaratnam has been found guilty of insider dealing, becoming the highest-profile scalp in the history of such investigations in the US. He now faces up to 20 years in prison. The 53-year-old co-founder of the Galleon group was found guilty of 14 charges of securities fraud and conspiracy after a trial in New York.
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 proves to be a thoroughbred ticketing solution for the 9 storey Meydan Grand Stand & Race Course
11-May-2011
 With a strong pedigree of delivering solutions specific to the niche Event, Venue and Global Sponsorship industries around the world and with a proven track record of excellence in delivery and results, OPTIMO software is making waves across the world. Delivering a solution that guarantees efficiencies that ensure events, venues and global sponsors maximise returns on investment and optimise efficiency and revenue, the OPTIMO solution makes it possible for businesses to deliver incredible customer experiences.
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KINGSLAKE HELPS BANKS & TELCOS BECOME OPERATIONALLY RESPONSIVE
11-May-2011
 Kingslake, together with Progress Software [NASDAQ : PRGS] addressing a large gathering of leading local Banks and Telecommunication Service providers, stressed the importance of being operationally responsive to capitalize on opportunities, drive efficiencies and reduce risks in this rapidly changing business environment. At the seminars held at the Cinnamon Lakeside on 11th of May, Kingslake and Progress presented a slew of solutions that are currently being used the world over to help the Financial and Telecommunication sectors to be operationally responsive.
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EdCIL – Indian Education Fair 2011, would poise the presence of quality Indian education for Sri Lankan student community
11-May-2011
The Indian education system has conquered a strong position in international circuit and India is today recognized as a world centre for higher education amongst foreign students as the country has an unparalleled variety of academic courses. EdCIL (India) Limited is the only consultancy in the world which offers consultancy and technical services in all aspects of Education and Human Resource Development on global basis.
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2011 Kia Optima receives rave welcome in Colombo
11-May-2011
 A new benchmark for luxury driving, superlative design and motoring safety has fired the imagination of motor enthusiasts in Sri Lanka with the unveiling of the 2011 KIA Optima, just eight months after the all-new KIA Sportage took the fraternity by storm.
The 2011 Kia Optima, a winner of multiple top international awards for its revolutionary design and advanced, class-leading safety features, was the star at an eagerly anticipated gala preview at the Cinnamon Grand Hotel on Tuesday, 10th May, 2011.
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Positive results help gain at Colombo Bourse
By Jithendra Antonio
10-May-2011
Colombo Stock Indices remained in green amidst investors reacting well to positive interim results. The bullish momentum witnessed towards the end of the last week may continue this week as well. Renewed interest was witnessed in some blue chip stocks also. However, low turnover levels remain a concern.
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SriLankan Airlines to commence services to Moscow
09-May-2011
 SriLankan Airlines will commence a new service to Moscow on 15th September, making the Russian capital, the 52nd destination of the airline. The new service will operate via Dubai, and will commence initially with two flights per week on Thursdays and Saturdays. SriLankan Airlines Chairman Nishantha Wickremasinghe said: “We are delighted to announce the launch of services to Moscow. This will be the first time in history that our national carrier has served Russia, and will no doubt serve to greatly strengthen the close relationship between our two nations.”
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Etisalat launches a LTE ready 3.75G network
06-May-2011
Sri Lanka sees the dawn of a new era as Etisalat launches the only 3.75 G network. As the telecommunications giant strides forth towards becoming Sri Lanka's undisputed industry leader, with this launch Etisalat plans to expand Sri Lanka's largest 3.75 G network with the latest and most cutting edge technology. Sri Lanka will experience fast, smart and meaningful Broad Band Services, as the company expands towards providing the first and only 3.75G technology to be introduced to Sri Lanka, capable of very fast Internet access, mobile TV applications, video streaming and video calls. The expansion further supports the latest in Value Added Services (VAS), Billing and all IT/communication services.
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Brandix lauded at Britain’s House of Lords
05-May-2011
 Sri Lanka’s top apparel exporter Brandix has been commended as a role model for environment and employee friendly ethical manufacture at the House of Lords, the ‘Upper House’ of the British Parliament. During a debate on ‘Ethical and Sustainable Fashion’, Lord Sheikh, Conservative, a prominent personality in the House of Lords, said: “I was recently a member of the parliamentary delegation to Sri Lanka, where we were taken to a factory belonging to Brandix, which makes garments for Marks & Spencer. The factory was eco-friendly, the working conditions were excellent and the staff were well paid. Such a factory is a role model for others to emulate.”
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SMS updates for Commercial Bank’s e-Exchange recipients
05-May-2011
Recipients of remittances via Commercial Bank’s e-Exchange will now receive SMS alerts as and when their accounts are credited, in a new value added service offered by the Bank free of charge.
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“Going Green’ is the future, enhanced Ceylon Tea will help realize US $20 B overall export target”–Minister Bathiudeen
05-May-2011
 The achievement of Sri Lanka Tea Board on the Ozone Friendly Tea status under the Montreal Protocol is highly commendable. It will help the US $ 20 billion overall export target by 2020 to become a reality. This achievement could certainly lead to a new international market niche while also addressing today’s global consumer behaviour trend of ‘going green’. In fact, ‘Going Green’ is the future for Sri Lanka, says Rishad Bathiudeen, Minister of Industry and Commerce on May 4.
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Dettol invites people to join the mission for health – towards a germ free & healthy Sri Lanka
04-May-2011
Dettol, a globally leading brand of Reckitt Benckiser in the health and hygiene category, recently celebrated 50 years of trusted protection in Sri Lanka. Over the years, it has won the confidence of all Sri Lankan households through its island-wide presence and has continuously endeavored to elevate the health & hygiene practices through numerous projects rolled out in partnership with the Ministry of Health.
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Colombo Stock Indices close negative
By Jithendra Antonio
04-May-2011
Colombo Stock Indices closed red amid low trade volumes while the turnover received a boost from oil palm sector transactions. The new direction issued on the limits of margin trading would also have contributed to the lackluster performance.
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Nestlé Nutrition Institute holds Scientific Symposium with World Renowned Expert
03-May-2011
 Upholding its strong commitment to continuous nutrition education, Nestlé Nutrition Institute (NNI) recently concluded an international scientific lecture symposium in Colombo. On invitation by NNI, Professor Hania Szajewska, Chair of the Department of Paediatrics from the Medical University of Warsaw, Poland delivered a scientific deliberation on “Immunity & Child Health: Current Evidence” at the event. A world renowned academician on paediatric nutrition, she is also the General Secretary of the European Society for Paediatric Gastroenterology, Hepatology and Nutrition (ESPGHAN). ESPGHAN is a global entity which sets the standards and guidelines for infant nutrition.
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Seylan Bank profits up 37.8 % to
Rs. 256.3 Mn profit in Q1 2011
03-May-2011
Seylan Bank has posted an impressive Rs. 256.3 Mn profit in the first quarter of 2011 recording a sharp 38% increase compared with the Rs. 185.9 Mn in the corresponding period of the previous year. The Bank’s pre-tax profit was Rs. 395 Mn, up by nearly 36% from the Rs. 291.7 Mn in the corresponding period of the previous year.
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Commercial Bank’s ‘Paymaster’ pays out record Rs. 5.2 bn in a day
03-May-2011
A colossal Rs. 5.2 billion was disbursed on the 8th of April by the Commercial Bank’s ‘Paymaster’ total payment solution on behalf of corporate clients using the facility.
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Signal’s NTB Brigade hits
the streets to build a habit in
21 days
31-May-2011
It takes approximately 21 days to build a habit they say – and the Signal NTB (Night Time Brushing) Brigade is on a mission to promote the habit of brushing at night within 21 days in June.
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Rainco Umbrellas depict Vesak Full Moon in Modern and Innovative Concept
31-May-2011
In ancient times, people used their clay oil lamps and candles for illumination. Buddhists use to light simple oil lamps in the temple to show their gratitude to their supreme teacher, the Buddha.
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Brandix & Sri J’pura University to promote academic excellence
30-May-2011
Sri Lanka’s top apparel exporter Brandix is to collaborate with the University of Sri Jayewardenepura to stimulate and reward academic excellence at the University’s Faculty of Management Studies and Commerce (FMSC).
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MARKSS Healthcarepartners Galle Medical Association sponsoring
a workshop on lung diseases
30-May-2011
MARKSS Healthcare (MARKSS HLC) one of the fastest growing pharmaceutical companies in Sri Lanka, in its fifth year of operation, supported a workshop of the Galle Medical Association (GMA) on Chronic Obstructive Pulmonary Disease (COPD)a prevalent condition and a relevant topic to present day and age which held recently at the GMA Auditorium a company spokesperson said.
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LECS STRIKES VICTORY FOR THE 3RD CONSECTIVE YEAR
27-May-2011
The Pioneers in the exhibition industry, Lanka Exhibition and Conference Services Pvt Ltd (LECS) was awarded the Tourism Award in MICE Tourism – Professional Exhibition Organizer category for the 3rd successive year at the Sri Lanka Tourism Awards 2010 held at Waters Edge.
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‘President caused best benefits of ICT reach all’
26-May-2011
His Excellency President Mahinda Rajapaksa’s practical and down-to-earth leadership made the best benefits of ICT reach all the people, President’s Secretary Lalith Weeratunga said. Mr. Weeratunga said so while participating as Chief Guest at the inauguration of the INET Colombo 2011 in Colombo last Monday (23).
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Ceylinco Life CSR activities touch 16,000 lives in 2010
26-May-2011
The lives of more than 16,000 Sri Lankans have been enriched by a series of multifaceted healthcare and education related social responsibility initiatives implemented by life insurance leader Ceylinco Life in 2010.
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Kegalle District - ICEE Vision Centre Celebrates A Two Year Milestone With A Practical Eye Care Emphasis
25-May-2011
May 2011 marks a tremendous milestone for the ICEE Vision Centres located in the Kegalle District in Sri Lanka.
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Dunamis Capital PLC records strong growth in 2010/2011
25-May-2011
Dunamis Capital PLC, the diversified business group with interests in financial services and property development reported a record Rs. 810.9 million as profits attributable to equity holders for the year ended 31 March 2011.
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Softlogic introduces Enterprise Solutions in Sri Lanka
24-May-2011
Softlogic Information Technologies one of the premiers IT companies in Sri Lanka and a pioneering subsidiary of Softlogic Holdings announced that the company has entered in to a partnership with many renowned IT companies in the World to introduce latest IT solutions for large corporations.
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ODEL stimulates Kandy with glamour opening
24-May-2011
Glamour, excitement and anticipation took centre stage when the Kandy City Centre throbbed with life at the opening of ODEL’s first store in the hill country capital on Friday, 20th May 2011.
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VEET takes centre stage for the “Derana Veet Miss Sri Lanka for Miss World 2011”
23-May-2011
Young women from all parts of the country will compete for the crown with an opportunity to grow personally and professionally; by cultivating career goals, serving as a spokeswoman representing the cream of young Sri Lankan women and to be an ambassador of our country while working with various organizations devoted to worthy causes.
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Russels launched their latest concept 'Russels Bakers'
20-May-2011
Russels (pvt) Ltd, known for the many service they offer launched their latest concept 'Russels Bakers' on the 03 May 2011.
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SRI LANKAN BOHRA COMMUNITY PLEDGE ITS MAXIMUM SUPPORT TOWARDS ECONOMIC GROWTH THROUGH BURHANI EXPO 2011
19-May-2011
An exhibition that displays various sections of trade & commerce was declared opened by Hon. Chamal Rajapaksa, The Speaker, Parliament of Sri Lanka at the Sri Lanka Exhibition & Convention Centre (SLECC) on last Saturday.
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LIC LANKA - REDIFINING THE INDUSTRY WITH
INNOVATIVE INSURANCE POLICIES
18-May-2011
Whenever the word life insurance rings in the mind of people, they imagine how delicate and fragile their lives are on this earth. The tough terrains and uncertain future is very tormenting especially when the going gets tough. Life Insurance Corporation (LIC) Lanka with their mission to assist people with the option to choose the best policy to serve him / or her , is one of Sri Lanka’s providers of life insurance solutions in the country.
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Airtel partners with Bank of Ceylon and BOC Paymate to launch
MCommerce solution in Sri Lanka
16-May-2011
Bharti Airtel Lanka together with Bank of Ceylon and Ceylon’s mobile payment facility, BOC Paymate, India’s leading mobile payments company, recently announced the launch of the MCommerce solution to all Airtel subscribers in Sri Lanka.
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CDB fosters IT literacy in remote Jaffna school
16-May-2011
Citizens Development Business Finance PLC (CDB) recently changed the lives of the students of the J/ Navatkuli Maha Vidyalayam in Thenmaratchi with the donation of a much-needed IT lab.
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MARKSS Healthcare strengthens inaugural session of College of Medical Administrators
13-May-2011
MARKSS Healthcare (MARKSS HLC) one of the fastest growing pharmaceutical companies in Sri Lanka, in its fifth year of operation, came forth as the sole sponsor for the inaugural Annual Sessions of the College of Medical Administrators of Sri Lanka a company spokesperson said.
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Emirates offers bonus miles on Colombo – Dubai route
12-May-2011
Travellers with Emirates from Colombo to Dubai can now earn up to 10,000 bonus Skywards Miles by making their bookings in May.
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Royal College English DramSoc presents “Jack and the SOY Beanstalk”
12-May-2011
Continuing in its grand tradition of excellence in theatre and the dramatic art, the Royal College English Drama Society presents, “Jack and the SOY Beanstalk”, a modern take on the age-old classic which replaces the old demons with current culprits who exploit people and resources for short term gain - leaving nothing for future generations
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Brandix Mercury Asia receives ISO 27001:2005
11-May-2011
Brandix Mercury Asia, the sophisticated Business Services subsidiary of the Brandix Group has obtained ISO 27001:2005, the global best practice specification in the sphere of Information Security Management Systems (ISMS), reaffirming its commitment to the continuous enhancement of systems and processes.
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Haycarb posts profit after tax of Rs 574 million for 2010-11
11-May-2011
Haycarb PLC, the Hayleys Group’s multi-national activated carbon manufacturing business, has reported turnover of Rs 6.4 billion and profit before tax of Rs 724 million for the year ending 31st March 2011, a period of challenge as a result of worsening raw material shortages.
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PCH makes it to Top 50 in Sri Lanka’s Most Valuable Brands
11-May-2011
Forging ahead as a leading player in the ICT arena, PC House made it to the Top 50 in Sri Lanka’s Most Valuable Brands for 2011.
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Indian Education Fiesta in Colombo and Jaffna
06-May-2011
Indian Universities, Colleges and International schools will gather under one roof in a educational fair in the coming days with the view of showcasing the wide array of opportunities India has to offer in the field of education.
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Awards for winners of Robbialac "Ada Dinana Pata" World Cup Campaign
05-May-2011
Lankem Robbialac recently joined hands with FM Derana on a very successful "Ada Dinana Pata" campaign, a radio competition whereby Sri Lankan cricket fans took part and cheered and supported the Sri Lankan lions right throughout the ICC Cricket World Cup 2011.
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Janashakthi powers SJC Rugby
05-May-2011
Janashakthi Insurance has signed up as the Principal Sponsor of the St. Joseph’s College Rugby Team for 2011. Janashakthi’s Managing Director Prakash Schaffter and Chairman St Joseph’s College Sports Council & Chairman Hornets Association Lalith De Mel inked the agreement.
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SriLankan Airlines’ fleet is now largest in nation’s history
04-May-2011
SriLankan Airlines took delivery of an Airbus A320 aircraft on 8th April, expanding the National Carrier’s fleet to its largest ever size in the country’s history.
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Emirates’ Airbus A380 Arrives in Shanghai
03-May-2011
Shanghai welcomed its first scheduled Airbus A380 service on 27thApril, when Emirates flight EK302 from Dubai arrived at Shanghai Pudong International Airport.
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