Commercial Bank relocates Nawalapitiya branch
30-June-2011
The Commercial Bank of Ceylon, the Bank rated internationally as Sri Lanka’s best, has shifted its Nawalapitiya branch to a more spacious location with enhanced parking facilities, for the benefit of customers.
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Airtel 3G shrinks the world with launch of international video calling services
June 29, 2011, New Delhi
Bharti Airtel, leading global telecommunications company with operations in 19 countries across Asia and Africa, today announced the launch of its International Video Calling capabilities on 3G for its customers in India.
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JESSICA COX SHOPS AT GLITZ
29-June-2011
Jessica Cox, one of the Motivational Speakers at the CIMA Business Leaders Summit held in Colombo this month, took time off her busy schedule to shop at the Glitz showroom at Hyde Park Corner.
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Oracle Announces New Oracle Exastack Program for ISV Partners
June 29, 2011
Enabling Independent Software Vendors (ISVs) and other members of Oracle Partner Network (OPN) to rapidly build and deliver faster, more reliable applications to end customers, Oracle today introduced Oracle Exastack Ready, available now, and Oracle Exastack Optimized, available in fall 2011 through OPN.
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Designer Roller Doors wins “Best Product Award” for the second consecutive year
28-June-2011
Designer Roller Doors walked away with the “Best Product Award” for the second consecutive year at the recently concluded “Kedella 2011” Construction Exhibition held at the Bandaranaike memorial international conference hall premises.
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Mission accomplished, Rohan Senanayake to step down as Deputy Chairman of SMB
27-June-2011
After 14 years at the helm of the Seylan Merchant Bank, its current-day successor SMB Leasing and the SMB Group, Rohan Senanayake has announced he will relinquish his position as Deputy Chairman of the entity he helped restructure twice, confident that his mission has been accomplished.
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Richard Pieris felicitates Best Performers & Distributors
24-June-2011
Richard Peiris and Company (Arpico) recently staged its annual sales conference and awards ceremony for the sales team and Distributors in its local manufacturing and Distribution Sector at a gala event held at the Galle Face Hotel Colombo.
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Commercial Bank relocates Batticaloa branch
23-June-2011
The Commercial Bank of Ceylon, the Bank rated internationally as Sri Lanka’s best, has relocated its branch in Batticaloa to a more spacious location with ample parking facilities for customers.
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University of Kelaniya Faculty of Medicine deploys Arpico “Green Gas” Unit successfully
23-June-2011
The Medical Faculty of the University of Kelaniya based in Ragama recently set up an Arpico Green Gas Unit at the faculty premises. Arpico Plastishells Ltd, paving the way in organic and liquid Waste Management, introduced the island’s first Green Gas Unit providing households, hotels, restaurants, manufacturing plants, Large Scale businesses and SMEs to produce Bio Gas through organic waste.
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Airtel presents hSenid HRM Enterprise Self Services over blackberry
22-June-2011
Bharti Airtel Lanka, a subsidiary of Bharti Airtel, a leading global telecommunications company with operations in 19 countries across Asia and Africa recently announced its strategic partnership with hSenid Biz by converging Airtel blackberry services with hSenid HRM Enterprise Self Service Version 6.0.
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Commercial Bank introduces tri-lingual mobile application
21-June-2011
Commercial Bank of Ceylon PLC has introduced a new mobile banking application to its portfolio of innovative customer-access products.
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Expolanka Celebrates World Environment Day
20-June-2011
The Expolanka Green Team celebrated World Environment Day (WED) at the environmentally friendly Mihi Laka Medura auditorium, BMICH keeping with the WED theme for this year “Forests: Nature At Your Service”.
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DFCC VARDHANA BANK WINS AWARD
17-June-2011
DFCC Vardhana Bank (DVB), the commercial banking arm of DFCC Bank won the award for ‘T+1 Best Facilitator’ from Lanka Clear (Pvt) Ltd, in the Medium scale category.
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SriLankan Airlines signs long term agreement with Aircraft Engineers
16-June-2011
SriLankan Airlines has signed a long-term Collective Agreement with its Aircraft Engineers’ union, strengthening its efforts to position Bandaranaike International Airport (BIA) as a regional hub for aircraft maintenance.
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Innovative Monthly Marketing Magazine rolling out in
Sri Lanka
16-June-2011
Sri Lanka is moving towards the new emerging grounds in marketing and business with brands and organizations considerably embracing them onto their strategies and operations today more than ever before, so it’s vital to create sources and seek knowledge.
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Commercial Bank commences Sharia Compliant Banking
15-June-2011
The Commercial Bank of Ceylon is launching ‘Sharia Compliant Banking’ to better serve an important segment of its customer base that requires Sharia-compliant financial products based on Islamic principles.
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Oracle Announces Third Annual Kickoff Event for Oracle Partner Network Members Around the Globe
14-June-2011
Further enabling its valued global partner community to learn, grow and profit, Oracle today announced it will host its third annual Oracle PartnerNetwork (OPN) global kickoff event on June 28, 2011.
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CEAT honoured at National Quality Awards 2011
14-June-2011
Continued emphasis on maintaining high quality standards has enabled top tyre manufacturer CEAT Kelani Holdings Sri Lanka to secure another prestigious national award at the National Quality Awards 2011.
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Emirates to Serve
St Petersburg
13-June-2011
Emirates is to launch flights deeper into Russia by starting services to St Petersburg, which will become the most northerly point on the airline's network.
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SriLankan Airlines to recommence services to Zurich in December
10-June-2011
SriLankan Airlines will restart services to the Swiss city of Zurich on 23rd December 2011, the latest destination in the continuous expansion of its global route network.
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Seylan Bank’s
Rs. 4.69 Bn Rights Issue fully subscribed
10-June-2011
Seylan Bank’s Rights Issue which closed last Thursday 02 June 2011 was fully subscribed with both classes of shares (voting and non-voting) attracting applications over and above the number offered under the rights.
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Kotler lauds Hameedia’s service delivery
09-June-2011
In honour of his recent visit to Sri Lanka, Managing Director Fouzul Hameed gifted Prof. Philip Kotler with a pair of 925 sterling silver cufflinks monogrammed with his initials ‘PK’, a dress shirt made from the finest Italian fabrics Cotonificio Albini and apparel accessories.
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Commercial Bank opens 197th branch in Akkaraipattu
09-June-2011
The Commercial Bank of Ceylon has opened a branch in Akkaraipattu, expanding the local branch network of the bank rated internationally as Sri Lanka’s best, to 197.
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Confifi Hotels to announce the managing partner soon, mulls revaluation of properties
09-June-2011
A year after its acquisition of Confifi Hotel Holdings, LOLC Group will soon announce its international hotel chain managing partner within next two weeks, Group Managing Director/CEO Kapila Jayawardena revealed recently.
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Commercial Bank to take Gold Loans country-wide
07-June-2011
The Commercial Bank of Ceylon has announced plans to extend its ‘Gold Loans’ facility to its widespread branch network island-wide, to offer the masses an opportunity to use their gold to mobilise funds with one of the country’s most stable financial institutions.
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Emirates Celebrates Arrival in Geneva
06-June-2011
Emirates celebrated its first flight to Geneva with a gala dinner for hundreds of guests.
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Signal launches 21 days campaign to instill habit of Night Time Brushing
04-June-2011
Over the years, Signal has been talking to millions of mums about teeth, toothpaste, toothbrushes and more recently the challenges of getting their kids to brush their teeth twice daily.
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No fresh vegetables and greens on European flights
03-June-2011
As a precautionary measure against the E.coli outbreak currently spreading in Europe, SriLankan Airlines has taken off all fresh vegetables like tomatoes, cucumber and leafy greens from their menus on all flights out of Europe.
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CDB surpasses half billion mark in net profits for 2010/2011
02-June-2011
Citizens Development Business Finance PLC (CDB) posted remarkable results for the financial year 2010/11 recording a consolidated net profit after tax of Rs. 529.8 Mn as per the interim results released to the Colombo Stock Exchange (CSE).
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Airtel empowers customers with Complimentary Safety Alerts
01-June-2011
Bharti Airtel Lanka, a subsidiary of Bharti Airtel, India’s largest telecommunications company, today launched its Complimentary Safety Alert Service.
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Hayleys HR Head presented Lifetime Gold Award for contribution to profession
29-June-2011
 Sunil Dissanayake, Head of Group Human Resources of the Hayleys Group has been honoured with a Lifetime Gold award for his contribution to the Human Resources profession. The award was presented by the Institute of Personnel Management (IPM) at the National HR Excellence Awards 2011 on Tuesday 28th June 2011 at the Cinnamon Grand Colombo. Over two decades of Mr. Dissanayake’s illustrious professional life have been in the field of human resources development and management, and have encompassed training, advisory, consultancy and senior management roles in leading companies in Sri Lanka and overseas.
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Anchor Institute Symposium Highlights the Importance of mother’s Nutrition during Pregnancy
29-June-2011
 The Anchor Institute, the research arm of Fonterra Brands Lanka, recently hosted a symposium in Colombo to share new insights with health care professionals into the role of nutrition at key stages of a woman’s life, focusing on pre and post pregnancy. These were delivered by guest speaker, Prof. Timothy Green, an associate professor of Food, Nutrition and Health at the University of British Columbia, Canada and a consultant to the World Health Association and Fonterra, amongst many other nutrition and dietetic association’s in Asia and internationally.
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EGB proud sponsors of Pro Foods / Pro Pack International Exhibition 2011
29-June-2011
Elephant House’s flagship soft drink EGB has announced that it will be a proud sponsor of this year’s Pro Foods / Pro Pack International Exhibition 2011, the main International Exhibition of food Processing, Packaging and Agribusiness fraternities.
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Commercial Bank is Trade Finance’s Best Sri Lankan Trade Bank once again
28-June-2011
 The Commercial Bank of Ceylon has been adjudged the ‘Best Sri Lankan Trade Bank’ by the prestigious UK based ‘Trade Finance’ magazine in yet another international acknowledgement of the Bank’s status as the country’s best bank. This is the second occasion that the Commercial Bank has been declared the Best Sri Lankan Trade Bank by Trade Finance. The Bank previously received this accolade in 2009, the year that the category was introduced at the magazine’s annual awards for banking excellence.
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Textured Jersey Lanka launches Rs. 1.2 billion IPO to support its future growth aspirations
27-June-2011
Textured Jersey Lanka (Private) Limited (Textured Jersey or the Company), whose majority shareholders are Pacific Textured Jersey Holdings Limited, a fully owned subsidiary of Pacific Textiles Holdings Limited of Hong Kong (Pacific Textiles), and Sri Lanka’s Brandix Lanka Limited (Brandix Lanka), today launched its Initial Public Offering (IPO) to the value of Rs 1.2 billion.
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OMAN AIR WINS BEST BUSINESS CLASS SEAT AT WORLD AIRLINE AWARDS
27-June-2011
 Oman Air was named winner of the World's Best Business Class Airline Seat award at the 2011 World Airline Awards, in a ceremony held in the French Air and Space Museum at the Paris Air Show.
The runners-up in this Best Business Class Airline Seat category were Singapore Airlines, ahead of Qatar Airways. The national carrier of the Sultanate of Oman was presented with the Best Business Class Seat award at a ceremony attended by more than 50 airlines.
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Country's Leading Knit Fabric Manufacturer to go Public
27-June-2011
Textured Jersey Lanka Limited (Company), a joint venture between Pacific Textured Jersey Holdings Limited, a fully owned subsidiary of the Hong Kong listed Pacific Textiles Holdings Limited (Pacific Textiles), and Sri Lanka's Brandix Lanka Limited (Brandix Lanka), has been granted approval by the Colombo Stock Exchange (CSE) for a listing on its Main Board. The subscription list for the IPO will open on the 7th of July 2011 and applications will be accepted from the 27th of June 2011.
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Sri Lanka, world’s fifth best in development of ICT sector: ICTA CEO
24-June-2011
 Sri Lanka ranks fifth in the world in development in the ICT sector, says ICT Agency of Sri Lanka (ICTA) Chief Executive Officer, Reshan Dewapura.
Dewapura said so during his address at the launch of the National ICT Workforce Survey 2010 Report cum media conference held in Colombo last Thursday (23).
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adidas opens Kandy’s first “pure performance” sports store
24-June-2011
 The central hill capital Kandy got its first ever “pure performance sports store” recently as the ‘adidas’ name came to the Kandy City Centre amid great fan fare and excitement.
Enjoying a strategic location on Level 03 of the well patronised Kandy City Centre, the store displays the latest ‘adidas’ collection of sport apparel, footwear and accessories and caters to a new and discerning clientele in Kandy and surrounding areas.
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TRIAD TEAM CHAMPIONS LATEST DIGITAL MEDIA COMMUNICATION SOLUTIONS FROM AD TECH SINGAPORE
24-June-2011
 What is the buzz about social media? Who is doing what? What are clients expecting? And is it truly a trend or just a fad for marketers? That is what the Triad team set out to find out by participating in Ad Tech in Singapore – an interactive advertising and technology conference and exhibition held in Singapore from the 15th to the 18th of June 2011. Today the team speaks of understanding the possibilities of new age media, and how it has enhanced Triad’s digital offering to its customers.
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World class standard for SriLankan Airlines’ IT systems
23-June-2011
 SriLankan Airlines has been awarded the ISO/IEC 27001:2005 accreditation for its Information Security Management System (ISMS), certifying that its business operations conform to global standards in information security. The National Carrier is one of less than half a dozen companies in Sri Lanka to obtain this certification and stands tall as one of the few airlines in the world to obtain this certification.
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DR.AMUNUGAMA REPRESENTS GOVT OF SRI LANKA AT 16th JOINT COMMITTEE MEETING OF THE SRI LANKA – JAPAN & JAPAN – SRI LANKA BUSINESS CO-OPERATION COMMITTEES
22-June-2011
Invited to represent the Government of Sri Lanka, Dr.Sarath Amunugama delivered the Congratulatory Address at the opening ceremony of the above committee meeting and addressed the gathering on “Review of Economic Situation of Sri Lanka & Japan – “Sri Lanka bilateral relationship”.
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Dell Unveils New Solutions for the Evolving Workforce
22-June-2011
 To address the needs of an evolving workforce that demands anytime, anywhere access to business applications and data, Dell today announced 24 new business computing solutions and form factors, including laptops, tablets, desktops and workstation computers in one of the largest-ever introductions in the company’s history and part of 39 new solutions launching this year.
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Selling pressure prevails at Colombo
By Jithendra Antonio
22-June-2011
Colombo All Share Price Index (ASPI) closed below 7,000 points after early January amidst
selling pressure witnessed across the board, although buying was witnessed to a certain extent during early trading. Investor interest was mostly witnessed in speculative stocks.
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Commercial Credit joins ‘Future Minds 2011’ as ‘Official Financial Partner’
22-June-2011
Commercial Credit PLC has joined hands with ‘Future Minds 2011’ as its ‘Official Financial Partner’ this year. Organised for the sixth consecutive year by the Nalanda Junior OBA, ‘Future Minds’ occupies top billing as Sri Lanka’s National Educational and Career Gateway and attracts several hundred thousand visitors from all parts of the country.
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Aspirations Education to launch Postgraduate Opportunity Hub at the premier International Education Exhibition
21-June-2011
Aspirations Education (AE) an international career guidance and student placement service center in Sri Lanka announced that it has partnered with premier universities in Australia, UK, New Zealand and Malaysia with the objective of providing access and opportunity for Sri Lankan students who wish to pursue a Postgraduate research programme. 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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Land Rover powers Navy SC Rugby in 2011
21-June-2011
A unique ‘amphibious’ partnership has been forged between the masters of the land and the masters of the sea, with Land Rover confirming its status as principal sponsor of the rugby team of the Sri Lanka Navy for 2011.
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Ceylinco Life policyholder families spend carefree day at Leisure World
20-June-2011
 Unbridled fun and frolic were the bonding ingredients when hundreds of policyholders of Ceylinco Life accompanied by their families enjoyed a carefree day at the Leisure World theme park recently, courtesy of Sri Lanka’s life insurance leader. The fourth edition of the Ceylinco Life Family Savari, this mammoth annual interactive promotion united people from all districts of Sri Lanka who had one thing in common, their choice of a life insurance partner.
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Softlogic Information Technologies opens new State -Of –The Art Customer care Centre in Sri Lanka for DELL
17-June-2011
 Softlogic Information Technologies one of the premier IT companies in Sri Lanka and a pioneering subsidiary of Softlogic Holdings Group announced that the company has opened a new customer care center offering technical and support services to the, Government, Large Corporates, SMEs and the general consumer. The new customer care Centre located at Nawala Road, Narahenpita will offer engineering and consultancy services to its customers by the internationally trained & certified engineers.
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PCH Prepares its Human Resource for Higher Growth
16-June-2011
PC House PLC has announced the promotions of key members of their staff as part of their reorganizational plans to support the company’s strategic vision to double its revenue next year. Driven by their philosophy that employees are the bedrock of their success, PCH continues to recruit, reward and competitively remunerate its staff in order to maintain its position as the leader in ICT solutions.
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MARKSS Healthcare partners with Central Hospital and conducts a Session on “uncommon causes for a common heart condition- cardiomyopathy”
16-June-2011
MARKSS Healthcare (MARKSS HLC) one of the fastest growing pharmaceutical companies in Sri Lanka, organized a unique thematic discussion for OPD Doctors of the Central Hospital Colombo under the theme “Uncommon causes for common conditions of the heart” recently, a company spokesperson said.
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HELADIV TEAS STRENGTHENS ITS PRESENCE IN THE MIDDLE EAST
16-June-2011
 HVA Group today announced that it has been certified as an accredited production facility to supply Ceylon Tea to Iran under the GMP authorization issued by the Iranian Government. A stringent quality driven accreditation, this endorsement reaffirms the company’s focus on maintaining the best of standards in the manufacture of tea and commodities from Sri Lanka.
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Apollo Tyres partners Ideal Motors in Sri Lanka
15-June-2011
 India’s largest tyre manufacturer, the US$ 2 billion Apollo Tyres Ltd entered the Sri Lanka market today through a tie-up with Ideal Motors, the automobile distribution and marketing arm of the Ideal Group of Companies. The Ideal Group is one of Sri Lanka’s fastest growing Automobile Majors with a focus on assembly, distribution of automotive spares and accessories with multiple outlets throughout the Island. Ideal has also formed a new company, Ideal Wheels & Tyres, for the distribution and retailing of Apollo tyres.
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DESIGN GROUP FIVE WINS AGAIN AT THE ASIA PACIFIC PROPERTY AWARDS
14-June-2011
 Design Group Five International (DG5I), one of Sri Lanka’s leading architectural practices won a Best Architecture (High Rise) Award for Iceland Residencies at the Asia Pacific Property Awards 2011 in association with Bloomberg Television. This is the second consecutive year that DG5I was recognised at this annual blue-chip event held at the Longemont Hotel in Shanghai recently.
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Agility wins another contract to provide logistics for wind power project
14-June-2011
 Agility Logistics (Pvt) Ltd. has been awarded the contract to provide complete logistics services for a 10 MW wind power plant in the North Western coastal area of Sri Lanka by Nirmalapura Wind Power (Pvt) Ltd. This is the third contract awarded to the company, which specialises in the provision of logistics services for wind power projects, from the four such projects in the country.
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PANASIAN POWER EXPANDS IN
THE POWER SECTOR
13-June-2011
 Delivering their promise made at the Initial Public Offering, the Board of Directors of Panasian Power PLC has taken a decision to add another 6.5 Mega Watts to their current 4.4 Mega Watts (produced presently by the company’s hydro power plants in Rathganga & Walapane).
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Commercial Bank goes to Eravur
13-June-2011
 The Commercial Bank of Ceylon has opened its 198th branch in Eravur, to offer residents of the area better access to the services of the bank rated internationally as Sri Lanka’s best. The new branch at No. 32, Main Street, Eravur, is equipped with all facilities available at other Commercial Bank branches. This is the second branch opened in the East by the Bank this year, and takes its presence in the province to seven branches.
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Ideal Motors (Pvt) Ltd, subsidiary of the Ideal Group, who is the sole authorised distributor for Mahindra & Mahindra Ltd – Automotive Sector won the coveted tender called by the Ministry of Defence for the supply of automobiles under the Indian Line of Credit. As such, Ideal Motors will be supply a total of 645 vehicles from Mahindra & Mahindra Ltd to the armed forces of Sri Lanka. As such, on the 9th of June 2011, the first round of vehicles were supplied to the Sri Lanka Navy. The total order of vheicles delivered to the Sri Lanka Navy would be 20 units of the Bolero LX 4WD, 25 units of the Bolero Maxi Truck & 25 units of the Bolero Single Cab Turbo 4WD.
10-June-2011
Mr. Chaminda Perera, Chief Executive Officer of Ideal Motors (Pvt) Ltd (3rd from left) is seen here officially handing over the vehicles to Rear Admiral G M Goonesekere, Director General Engineering of the Sri Lanka Navy (3rd from right) at the Naval Headquarters. |
GOLDSTAR TRANSPORT LANKA ASSISTS BUSINESSES WITH ON TIME DEILVERY
10-June-2011
Goldstar Transport Limited , one of the largest transportation companies in the UK, which had a joint venture this March to form Goldstar Transport Lanka (Pvt) Ltd , has taken an initiative to recently put in place, leading transport solutions and practices, to assist in the supply chain of Sri Lankan businesses.
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President sees ICT as front runner in country’s development: ICTA CEO
09-June-2011
 ICT Agency of Sri Lanka (ICTA) CEO Reshan Dewapura said that Sri Lanka was fortunate because its President saw ICT as a front runner of development.
Dewapura said so while participating at the inauguration of the South Asian Mobile Conference (SAMC) 2011 held for the second consecutive year in partnership with Etisalat Lanka Pvt. Ltd. in Colombo recently.
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Oracle E-Business Suite Release 12.1.3 Helps Commercial Bank of Ceylon PLC Automate Financial Reporting and Assets Management
09-June-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. The bank opted to deploy Oracle applications in November 2010.
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Building a Fluid and Efficient Datacenter through Virtualization
09-June-2011
Managing a datacenter is not the easiest thing to do and the burden of being accountable for arguably the most important function of a modern day company, its datacenter, is pretty daunting. With business continuity and disaster recovery provisions for organizations becoming no longer a luxury but a serious necessity, most IT departments face major challenges in trying to manage and maintain datacenters with high quality services to their internal and external users whose requirements are ever changing and constantly demanding.
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A strategic investor to buy Blue Diamonds at Rs.7 per share?
09-June-2011
In the light of strong gold prices and Jewellery prices in the world, Sri Lanka’s only Diamond exporter The Blue Diamonds Jewellery Worldwide PLC (BLUE) a controlling stake of Blue Diamonds is going to be acquired by an investor at Rs.7 per share.It was earlier reported in that Blue Diamonds is eyed by an Indian Investor according to market sources.
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Panasian Power, John Keells and Blue Diamonds rallies the market
By Jithendra Antonio
09-June-2011
Colombo’s All Share Price Index (ASPI) dipped 36.8 points to close at 7,257.7 points (-0.5%), whilst the Milanka Price Index (MPI) also dipped 16.2 to close at 6,779.1 points (-0.2%) on Wednesday the 8 June 2011. The total turnover was at Rs.3.3 billion whilst the volume traded for the day was 249.11 million shares.
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Deccan Aviation expands fleet with focus on safety in the skies
08-June-2011
 The Civil Aviation Authority of Sri Lanka has issued Deccan Aviation with the Airworthiness Certificate for its newly acquired GA8 Airvan, thus approving its safety for air travel. This new aircraft has been certificated by many international airworthiness agencies including the world’s most modern and most stringent airworthiness standard - The Federal Aviation Regulation 23 (FAR 23) and also the Aviation Authorities of Australia, USA, Canada, New Zealand, UK and South Africa. No other aircraft in its class measures up to the stringent safety, design and airworthiness requirements to which the GA8 is certified.
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Fair & Lovely launches Fairness Clinic for Nationwide Telecasting
07-June-2011
Fair & Lovely, the popular Fairness Cream brand of Unilever Sri Lanka, has launched a new social initiative by bringing to its consumers a Fairness Clinic - specifically tailored to cater to Sri Lankan women's fairness interests and needs, offering a quick and easy source of localized content. While updating its viewers on matters related to fairness and beauty culture, the programme will also cover the breakthroughs achieved in dermatological research around the world, new methods of fairness treatments available, prominent issues in the subject of using fairness cream and the special solutions available in each presented by eminent individuals in dermatology and beauty and allied areas etc.
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Richard Pieris Group in the Elite League of over Rs.3bn Profits
06-June-2011
Richard Pieris Group (RPC) is one of the largest and diversified Groups in the country with a history and tradition exceeding 78 years with over 42 subsidiaries and employees in excess of 30,000 has announced their financial achievements in a media conference held in Colombo.
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‘Hayleys Agriculture’ to unify 9 companies
under single entity
05-June-2011
 After over five decades of evolution and growth into business entities that individually play nationally significant roles in Sri Lanka’s agriculture sector, nine Hayleys Group companies involved in agriculture have been unified under a single corporate brand ‘Hayleys Agriculture.’ The new entity will harness synergies for greater impact and potential and will lead to an enhancement of the preeminent role that Hayleys has hitherto played in the local economy.
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Janashakthi tops the list with over 1800 payment points across Sri Lanka
03-June-2011
Janashakthi Insurance PLC recently tied up with eight major Sri Lankan banks in a far reaching gesture to give its thousands of life policy holders across the country greater flexibility when paying their monthly premiums.
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CARBON CONSULTING COMPANY DEVELOPS LOCAL CORPORATES’ CARBON REDUCTION STRATEGIES
02-June-2011
The Carbon Consulting Company (CCC) is a firm dedicated to helping organizations develop and communicate effective environmentally sustainable practices. “Our consulatants are dedicated to helping companies reduce their environmental impact and maximize the resulting CSR and marketing opportunities”, said Director CCC, Subramaniam Easuwaran.
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Softlogic Announces Sri Lanka's Largest IPO in 6 years
02-June-2011
Softlogic Holdings Limited, the most exciting, diversified and investor-friendly Platinum conglomerate in the country, today launches what is said to be the largest Initial Public Offering (IPO) the country has seen this year - estimated at Rs. 4.031 billion, according to a filing with the Colombo Stock Exchange earlier this the week.
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SriLankan given green light from European Union for key environmental initiative
01-June-2011
 SriLankan Airlines became one of the first airlines in the world to completely satisfy a key environmental requirement of the European Union (EU) with regard to monitoring of aircraft emissions, as part of a general initiative to better protect the environment. SriLankan carried out comprehensive collection of emissions data from its entire fleet of aircraft throughout 2010, and the EU on 27th April 2011 approved the benchmarking of this data.
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Kids flying with Emirates to ‘go free’ in Dubai’
30-June-2011
Families flying with Emirates to Dubai can enjoy a memorable, action-packed holiday at one of the most exciting tourist destinations in the world, at a significant cost saving through this year’s ‘Summer Smiles in Dubai’ offer unveiled by the award-winning airline.
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First Bridal Air Taxi ride
29-June-2011
SriLankan Airlines' Air Taxi flew its first Bridal Couple across the country along the coastal belt from Colombo to Koggala recently.
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Janashakthi extends support to devotees at A’pura for third consecutive year
29-June-2011
Following the resounding success of its Vehicle Breakdown Assistance Service in Anuradhapura, Kandy, Kataragama and Madhu during the past years, Janashakthi conducted a similar service for the convenience of devotees and the general public, for the third consecutive year, at Anuradhapura and Mihintale this Poson Poya.
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Royal theme inspires Hameedia 2011 Wedding Collection
“Be her Prince at your very own Royal Wedding”
28-June-2011
Sri Lanka’s leading and benchmarked menswear specialist, Hameedia, launched its 2011 Wedding Collection inspired by the recent Royal Wedding. Says Managing Director Fouzul Hameed, “One’s wedding is by far the most important day of one’s life, and one must be a class apart.
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Maxi Rozairo brings magic to “Celeb Chat”
28-June-2011
Legendary singer Maxi Rozairo brings his very special kind of magic … his life … his work … his music … his family … his grand kids ... his dreams … in a not-to-be-missed tete-a-tete with host Kumar de Silva.
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ODEL shortlisted at 2011 Global Fashion Awards
24-June-2011
Sri Lanka’s top fashion retailer ODEL has been shortlisted as a finalist at the 2011 Global Fashion Awards in New York, placing the home-grown brand in the company of iconic retailers of the calibre of Harrods, Macy’s and LL Bean.
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Ceylinco Life to support National HR Conference 2011
23-June-2011
Life insurance leader Ceylino Life has announced its support for the National HR Conference 2011 as Principal Sponsor in the Life Insurance category.
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Microsoft Sri Lanka Connects Communities across the Country
22-June-2011
Creating a platform to share ideas, expertise and experiences on the benefits of information technology and how it can be leveraged to create greater value across communities, Microsoft Sri Lanka hosted the “Connecting Communities” forum for not-for-profit, social service organizations and charities across the country. Microsoft’s Connecting Communities is a one-day event designed to share the latest information about Microsoft technology and the way in which it can help organizations achieve their mission.
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Emirates to Establish an Engine Repair and Overhaul Facility in Dubai
22-June-2011
Emirates Airline has unveiled plans for the construction of the most technologically-advanced Engine Overhaul Shop in Asia.
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Sri Lanka's first ever dedicated Initial Public Offering (IPO) Fund Launched for Retail Investers
22-June-2011
During the war years, there were only a handful of companies that listed due to the poor valuations available on the CSE. However, as the post war economy gathers momentum and valuations on the CSE grew rapidly, many IPO were mobilized successfully. The IPO companies add to the growth momentum the economy with fresh capital and access to financing, through rapid expansion of projects, operations and creating jobs.
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Asian Paints promotes colour harmony with new Royale Combinations Guide
21-June-2011
Asian Paints Lanka has launched an all-new, first-of-its-kind colour guide in the local market, recognising that in a world preoccupied with harmony, combining colour in decor has become a key area of focus.
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Commercial Bank treats cardholders to 25% discounts at restaurants
20-June-2011
The Commercial Bank has once again offered its ‘Dine and Smile’ promotion to the bank’s Credit and Shopping Debit cardholders enabling them to enjoy their favourite meals at a significant cost saving.
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Emirates to Commence Services to Baghdad
16-June-2011
Emirates will commence passenger flights to Baghdad from the 13th November 2011, marking the airlines’ second destination in Iraq.
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Commercial Bank & Mother Sri Lanka to promote IT education for rural children
14-June-2011
Children at the Kosgolla Maha Vidyalaya in Badulla district were the first beneficiaries of an IT skills development project launched by the Commercial Bank of Ceylon in partnership with the Mother Sri Lanka programme of the Presidential Secretariat.
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Anandaraj – Joins GHM-Dubai as Group Director-Operations
13-June-2011
Veteran hotelier S. Anandaraj will take up appointment in Dubai- Global Hotels Management LLC as Group Director- operations with effect from early July.
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LEO SAYER PERFORMS IN COLOMBO TOMORROW!
10-June-2011
Leo Sayer is back to wow audiences when he takes the stage tomorrow. The concert, initially scheduled to be held outdoors at the Water’s Edge, has now been moved to the Sugathadasa Indoor Stadium, due to inclement weather conditions.
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SANASA Development Bank reaches world-class with cutting-edge IT Infrastructure
10-June-2011
SANASA Development Bank (SDB) recently entered into an Enterprise Agreement with Microsoft, joining the ever expanding group of local enterprises adopting world class technology.
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Sri Lanka drawing strong crowds at Kunming trade show
09-June-2011
Sri Lanka gem and jewellery exhibitors and participants have drawn large crowds for their exhibits in the 19th China Import and Export Commodities Fair and fourth South Asian Nations’ Trade Fair currently held at Kunming China.
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Richard Pieris Tyre Company felicitates High Performing Dealers at Dealer Convention
09-June-2011
The Richard Pieris Tyre Company the market leader and the pioneer in the tyre retreading Industry in Sri Lanka celebrated the much awaited annual Top Dealer Awards Ceremony 2011 and fellowship builder for families recently at Chaaya Village, Habarana.
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LIC LANKA INTRODUCES LOW COST LIFE INSURANCE PRODUCT THAT IS AFFORDABLE TO ALL
08-June-2011
Life Insurance Corporation (Lanka) Ltd is the local arm of India’s largest life insurance company, LIC of India. Focusing on providing only Life Insurance benefits to the people. LIC Lanka recently announced launching of its new life insurance product to the market.
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Emirates offers special fares to over 15 popular destinations
08-June-2011
Passengers with Emirates from Colombo can now visit their favourite destinations at a significant cost saving following the announcement of special fares on return Economy Class tickets to more than 15 popular cities on the airline’s 113 destination network.
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Emirates closes US Dollar Bond Issue at USD 1 Billion
07-June-2011
Emirates has announced the successful close of its US$ “Reg S” bond issue at USD1 billion.
The unrated issue will carry a coupon of 5.125 % p.a. fixed, payable semi-annually. It will have a five-year maturity and will be listed on the London Stock Exchange.
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SriLankan Airlines bags four Tourism Industry accolades
06-June-2011
The Sri Lanka Tourism Awards 2010 recognised and rewarded excellence in the Tourism industry by presenting the highest possible honours for travel & tourism achievers, last week.
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Strong public support for Ceylinco Healthcare Centre’s ‘Health Walk’
06-June-2011
A large crowd of health conscious people came together in Colombo last week to walk in support of a campaign to promote prevention as a more economical alternative to curing health problems.
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The South Asian Mobile Conference and the mBillionth Award 2011 grand jury will be hosted by the ICT Agency of Sri Lanka (ICTA) for the second consecutive year.
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Sri Lanka positions ‘beyond open for business’
02-June-2011
A now peaceful Sri Lanka is beyond “open for business” – in fact, it is open to international business and investment partnerships, that includes large scale multinational corporate investors.
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