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Inflation as measured by the Colombo Consumers’ Price Index (CCPI) (2006/07=100), computed by the Department of Census and Statistics, decreased to 5.7 per cent in April from 5.9 per cent in March 2012 on an annual average basis, while the year-on-year inflation moved up to 6.1 per cent in April from 5.5 per cent in the previous month.
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SriLankan Airlines reached a significant milestone in its MRO (Maintenance -Repair Overhaul) activities when its maintenance arm performed the 50th “C” Check on IndiGo Airlines Aircraft – India’s largest low-fare carrier.
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Sri Lanka Association of Software and Services Companies (SLASSCOM) facilitated a successful one day workshop on research projects for the IT/ BPO industry. SLASSCOM has been working in the last few years to create awareness in IT related new trends and, employment opportunities.
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Seylan Bank registered yet another impressive quarterly performance reporting a Net Profit-after-Tax of Rs. 406.8 Mn (Group Rs. 412.5 Mn) in Q1 of 2012, as compared with Rs. 256.3 Mn (Group Rs 249.0 Mn) last year. The performance is a 59% and 66% increase in Net Profits for the Bank & Group respectively over the corresponding period last year.
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World renowned singer and actress Olivia Newton-John stayed at the Hilton Colombo, the official hotel for her time in Colombo in which she enchanted local fans with back to back concerts as part of an extensive Asian tour.
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The Computer Society of Sri Lanka (CSSL - www.cssl.lk) is organising many events and activities to support professionals in Sri Lanka. One such event is up coming and it is a joint seminar organised with the Organisation of Professional Associations in Sri Lanka (OPA).
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An event was held at CIMA Sri Lanka Division on last Thursday to educate CIMA students about newly emerging career opportunities for them in the BPO/KPO industry and about the joint program launched by CIMA Sri Lanka & Lanka BPO Academy.
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Emirates SkyCargo, the freight division of Emirates, will soon be connecting more businesses in Vietnam with trade opportunities across its global network.
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Triumph launched its new exciting collection of T-Shirt Bras at Odel, Alexandra Place on the 10th of March 2012. A series of interactive games and quizzes were utilized for consumer engagement and exhilaration.
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Top accounting professional Nishan Fernando, a past president of the Institute of Chartered Accountants of Sri Lanka (CA) has been appointed to the Board of First Capital Holdings PLC as a non-executive independent director.
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Seylan Bank is pleased to announce the appointment of Mr. Mohan Pieris, President’s Counsel as Director and Chairman of Seylan Bank PLC with effect from 20 April 2012.
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Glitz – the fashion destination which offers styles that exudes glamour and sophistication with world-renowned brands celebrates 10 years in business this week and it has been a story of non-stop expansion.
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Day 1 - Packing Stress
10.13pm: It’s a little less than 2 hours before I’m meant to leave home and this is what my oversized luggage looks like.
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The record books were rewritten when Sri Lanka’s single largest ATM network owned and operated by the Commercial Bank of Ceylon dispensed a mammoth Rs 1.6 billion on Tuesday, 10th April 2012, as Sri Lankans prepared to celebrate the National New Year.
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Avurudu or New Year and Easter remind us of the East and our oriental culture. The Sinhala and Tamil New Year day is the day the Sun transits from the zodiac Pisces to the zodiac Aries to begin a new year cycle. The dawn of the New Year occurs at the point the transit takes place.
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Ten years after it opened its first branch in Jaffna, Ceylinco Life has reiterated its commitment to the residents of the city by building a custom-designed new office on company-owned land at 37-41 Kannathiddy Road, Jaffna.
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HSBC Signature cardholders, an exclusive circle of customers, have been offered a 10 per cent discount on Emirates First and Business Class travel from Colombo to ten popular destinations.
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Director, Tata Sons Ltd R. Gopalakrishnan has been appointed as a non-executive Director of the Board of Hemas Holdings PLC.
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Mr.Shanaz perera has been appointed as the Head of Donation Collection division, Sri Lnka red cross society, colombo devision.
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Swedish Trading Company (Pvt) Ltd. introduced the latest Volvo S60 and XC60 vehicle models in Sri Lanka at a gala event held at the Light House Galley Fort amidst a large corporate gathering.
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Mihin Lanka Flight MJ603 bound for Jakarta today (9th April) returned to Katunayake, as a precautionary measure, following a smoke alert in the cockpit.
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The Commercial Bank of Ceylon has once again been adjudged Sri Lanka’s Best Bank by Global Finance magazine, giving the bank the distinct honour of winning this prestigious award for 14 years consecutively.
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Seylan Bank celebrates the forthcoming Sinhala and Tamil New Year with an exciting promotion and an abundance of gifts on offer to its thousands of customers and non-customers spread across the country.
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A blackout was experienced across Oman Air’s headquarters in Muscat, Oman, amongst other offices throughout its comprehensive network of destinations, as the National Carrier of the Sultanate of Oman marked Earth Hour on Saturday, March 31st by switching off its lights.
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More than 348,000 policyholders of Ceylinco Life will receive bonuses totalling a record Rs 1.866 billion in April 2012, as the life insurance leader despatches its annual bonus certificates and rewards long-standing customers with cash bonuses.
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Coca-Cola Beverages Sri Lanka Limited, the official beverage sponsor of the 29th Asia Pacific Region (APR) and Sri Lanka Centenary Scout Jamboree is proud to refresh 7250 scouts participating in the Jamboree this year.
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netAugusta.com, shared web hosting provider and free domain name supplier, is proud to announce its 6 year anniversary.
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“Cancer patients in Sri Lanka now have easy access to the world’s most advanced cancer care, treatment and facility at the Global Cancer Institute at Global Hospitals, Bangalore.
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The Sri Lanka Association of Inbound Tour Operators (SLAITO) today announced the successful completion of a Safety Assessment of the most frequented tourist sites in Sri Lanka.
This Risk Assessment was commissioned by SLAITO and carried out by Head of Specialist & Activity Health and Safety TUI Travel PLC, Malcolm Ellis over a period of 11 days.
As part of this Assessment a large number of sites, venues, locations and activities were ‘risk assessed’ so that measures can be taken to prevent any possible eventuality.
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Sri Lanka’s benchmark private bank Commercial Bank of Ceylon PLC has announced the appointments of Ravi Dias as Managing Director/Chief Executive Officer, and Jegan Durairatnam as Executive Director/Chief Operating Officer.
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In their first outing as members of the newly-formed CEAT Racing Team, two drivers and the lone motorcyclist achieved podium finishes at four of the five races they competed in, at the Fox Hill Supercross on 21st April 2012.
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SUNQUICK partnered with Sri Lanka Institute of Tourism & Hotel Management (SLITHM) to conduct the Mocktail competition when the students of the Colombo Hotel School and the provincial schools participated.
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 Atlas, the largest stationery manufacturing company in Sri Lanka, distributed exercise books worth of Rupees Six million (6mn) among underprivileged rural school children under ‘Sisu Diriya’, the company’s corporate social responsibility (CSR) programme. This year under the ‘Atlas Sisu Diriya’, exercise books were distributed among 3000 school children in the Ampara and Batticaloa Districts. Atlas launched this ‘Atlas Sisu Diriya’ corporate social responsibility programme with the belief of enhancing the literacy rate in the country by providing with essential educational equipments.
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Seri Naturals’ new organic bath and beauty products are set to change the face of natural skincare in Sri Lanka. The all new range of face washes, shower gels and moisturizing lotions are natural, plant-based and contain no alcohol, mineral oils or triclosan that can irritate sensitive skin.
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Sri Lanka’s one stop shop for all facets of construction, CONSTRUCTION EXPO 2012, showcasing the best in construction, both locally and internationally is set to be held on the 29th, 30th June & 01st of July 2012 at the Sirimavo Bandaranaike Memorial Exhibition Centre, Colombo. The event, which is one of a kind held in the entirety of the Island will provide the most comprehensive opportunity for exhibitors and visitors alike to witness the latest marvels in technology, design, equipment and all other spheres related to the industry on one solid platform.
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The current bilateral trade levels between Sri Lanka and South Korea are set to grow strongly as the doors to the huge South Korean markets are likely to be opened for Sri Lanka soon. And Sri Lanka will be taking part at the South Korea’s international ‘EXPO 2012 Yoesu’ commencing from 12 May. “An early conclusion of the fourth round of Asia-Pacific Trade Agreement (APTA) is important as that will open up new opportunities for Sri Lankan products in the Korean market as well as in other member states” revealed Sihyung Lee, Deputy Minister for Trade of Republic of Korea on 22 April.
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Glaxo SmithKline (GSK) celebrated the opening of their new pharmaceutical tablets manufacturing facility at a ceremony which was officiated by Hon. Basil Rajapakse, Minister of Economic Development and Hon Maithripala Sirisena, Minister of Health. The facility which was constructed and equipped at a cost of LKR 217 million, is for the production of Panadol along with other GSK pharma tablets and is one of Sri Lanka’s single largest investments in the pharmaceutical industry.
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In order to mark its 30th milestone in the annals of trade banking services in Sri Lanka, Merchant Bank of Sri Lanka PLC (MBSL) hosted its business partners and trade associates to a function held recently at the GOH on 11th April 2012.
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The Commercial Bank of Ceylon has tied up with Ria Financial Services, the third largest money transfer company in the world, substantially enhancing its offering in the sphere of remittances.
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 The state-of-the-art Radiation Treatment Unit of Ceylinco Healthcare Services Ltd., (CHSL) has dispensed more than 6500 treatments since inception to the end of the year ending 31st March 2012. Of these, more than 3850 were Chemotherapy treatments, while over 1650 were treatments by the Unit’s Linear Accelerator, the first machine of its kind in Sri Lanka. Another 370 patient treatments involved Brachytherapy insertions, the company said.
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 Emirates customers travelling to the United States will soon enjoy seamless connections to a dozen U.S. cities, after the airline announced the start of a one-way codeshare with JetBlue. The codeshare will further strengthen the relationship between Emirates and JetBlue. The two airlines have been interline partners since 2010, enabling customers to enjoy the convenience of a single combined ticket for Emirates and JetBlue-operated flights, plus other benefits including one-stop check-in and baggage transfer.
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Nestlé Lanka completed its 24th Healthy Kids programme at the Kelaniya Maha Vidyalaya, empowering close to 4,000 children with key nutritional information.
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The performance credentials of CEAT radial tyres are to be tested in the most gruelling conditions -- the race track -- by four of the country’s leading competition drivers.
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ICT Agency of Sri Lanka (ICTA) says that updating of web-sites by Government Institutions takes place at a very slow pace. ICTA says that while updating of web-sites at least once a month takes place only in 40 per cent of Government institutions, Institution Heads and Chief Innovation Officers have a responsibility to ensure timely updating of their institution web-sites.
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 The importance of family in an individual’s career was a poignant theme when Sri Lanka’s top apparel exporter Brandix felicitated 39 Associates and six Supervisors at the Group’s annual Employee of the Year (EOY) Awards ceremony held recently at the Sugathadasa Indoor Stadium. Selected after a rigorous examination of their performances and contributions to the Group’s growth in 2011, the winners of these coveted awards were also rewarded with company-sponsored study tours to China, India and Bangladesh, and within Sri Lanka.
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Emirates, one of the world’s fastest growing airlines, has officially launched its Facebook page – attracting over 300,000 fans within the first three weeks.
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Embark, the unique community animal welfare initiative supported by the popular fashion label of the same name, completed five years of promoting care, humane reduction of population and re-homing of street dogs in March 2012.
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In line with its ongoing inflight product improvements, Emirates announces the launch of a new, enhanced, Graphical User Interface (GUI) developed by Panasonic Avionics Corporation (Panasonic). This new GUI will make accessing Emirates’ award-winning inflight entertainment system, ice Digital Widescreen, simpler to use - information, communication and entertainment - all at the passenger’s fingertips.
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The latest product under the label "Kandurata" which has achieved a high reputation for high standard products for more than 3 decadeds is their "Flexible Nets" .
The Kandurata Mosquito net company is introducing this net as a product that is easily collapsible and easy to carry in one's travelling bag.This item which is introducing to the nation for the first time is really a tourist mosquito net which can be taken for any journey anywhere.
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Since taking over operations of the China Bay tank farm ten years ago in 2002, Lanka IOC has made significant investments in developing the tank farm, while ambitious plans are also underway to make Trincomalee an important industrial site.
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In celebration of its 125th anniversary, Fonterra’s flagship brand Anchor recently launched an art competition and are already seeing a fantastic response with more than 7,500 entries received from the 20 schools to which the contest has been rolled out as of today.
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SriLankan Airlines announces certain capacity adjustments to its European route network, taking into consideration the rise in fuel and operational costs and economic indicators in the EU region. According to the World Travel and Tourism Council (WTTC), a decline in travel and tourism of 0.3% is expected across the European Union in 2012, although it will be propped up by the growth in newer emerging economies in the eastern bloc as well as Russia. As austerity measures are introduced in some countries, consumer spending is expected to reduce.
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As Sri Lanka-China trade topped $ 2.2Bn in 2011, an international port city in Hambanthota region to compete with Singapore, is proposed by a Beijing based private investment group with no less than $50 Bn as envisaged project value. “We are looking at a 10 year timeline for the $ 50 Bn Hambanthota Trade City Project on the Public Private Partnership model. We are planning to implement it with the support of international investment and financial institutions” said Ms Song Jianhua, the resourceful Chairwoman of Sino-Sri Lanka Rich Investment (SSLRI) on 03 April.
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Skywards, Emirates’ award-winning Frequent Flyer programme, has raised nearly 350,000AED in this year’s Thanks a Million raffle draw at the Dubai World Cup, 50,000AED more than last year’s raffle. Funds raised will go to three charities: Senses, the Red Crescent, and the UN World Food Programme (WFP).
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Emirates today launched a new global brand platform and direction, themed "Hello Tomorrow,” which positions the global airline as the enabler of global connectivity and meaningful experiences. Emirates is embarking on an integrated marketing communications campaign with a new brand promise as the company continues its evolution from a travel brand to a global lifestyle brand.
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Seylan Bank has already awarded a total of 7890 winners in its blockbuster ‘Thagi Pita Thagi’ draw since its grand launch in October last year. Hailing from different parts of Sri Lanka, the lucky customers have won from an array of prizes such as monthly Rs. 01 Mn, motor bikes, LCD TVs, refrigerators, home entertainment systems, sofa sets, lap tops, fully automatic washing machines, four-burner gas cookers and gold sovereigns each month.
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The International Air Transportation Association (IATA) names SriLankan Airlines’ International Aviation Academy (IAA) as one of its ten best Authorised Training Centres (ATC) in South Asia, for 2012.
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 CIMB Investment Bank (CIMB) today announced the acquisition of most of the Asia Pacific cash equities and associated investment banking businesses of the Royal Bank of Scotland (RBS). The GBP173.9 million (RM849.4 million) deal will see CIMB emerging as the largest investment banking franchise based in Asia Pacific (ex-Japan).
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Sri Lanka’s top tyre manufacturer CEAT Kelani Holdings has celebrated the achievement of domestic sales exceeding Rs 6.2 billion in 2010-11 in the face of many challenges, with a gala felicitation of top dealers.
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Asian Alliance Insurance PLC, a leading player in the Sri Lankan insurance industry, implemented the Oracle E-Business Suite Release 12, to enhance its customer satisfaction and manage its operational costs more efficiently by cutting its claims processing from three days to less than five hours.
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Emirates SkyCargo has been voted Cargo Airline of the Year and, for the 24th consecutive year, was also named Best Middle East Cargo Airline. The carrier – which was also named Best African Cargo Airline - received the accolades at the prestigious Cargo Airline of the Year 2012 awards held at London’s Lancaster Hotel.
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Nestlé’s much loved and internationally acclaimed KIT KAT brand has made its way back to the local market amidst great anticipation from chocolate fans in Sri Lanka, announcing that the world’s favourite Nestlé chocolate now comes to local consumers ‘Extra Crispy, Extra Creamy’.
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Sri Lanka Telecom (SLT), the nation’s truly integrated telecommunications service provider and Fonterra Brands Lanka (Pvt) Ltd. (FBL), Sri Lanka’s largest dairy company entered into an agreement where SLT will provide FBL with high speed data connectivity, further strengthening the long standing relationship between the two organizations.
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Mega Lifesciences Pty. Ltd. launches Ultrapro – a breakthrough in achieving an optimal body composition (more muscle, less fat) for physically active people.
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Intel Corporation today introduced the quad-core 3rd generation Intel® Core™ processor family, delivering dramatic visual and performance computing gains for gamers, media enthusiasts and mainstream users alike. Available now in powerful, high-end desktop, laptop and sleek all-in-one (AIO) designs, the new processors are the first chips in the world made using Intel’s 22-nanometer (nm) 3-D tri-Gate transistor technology.
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Amana Takaful recently answered a call to help support the cause of senior artists in Sri Lanka. The support was in the form of a donation to build a fund for the luminaries who had played a significant role in adding colour and vitality to the lives of all Sri Lankans who still enjoy their works of art at home and abroad.
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As one of the fastest growing industries around the world, the medical industry is in a state of constant advancement, with technological enhancements leading the way. This advancement is not however, limited to medication alone.
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Memory Technologies (Pvt) Ltd., the authorised distributor in Sri Lanka for Kingston memory products, has supplied and installed SSDNow solid state hard disks and RAM upgrades for notebook computers used by Trade Card Services Sri Lanka, enabling the Colombo branch of the world’s leading collaboration platform for supply network partners to match the standards of its head office in New York.
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Iconic Korean car brand KIA has come forward to support schools rugby in Sri Lanka, as Sole Team Sponsor of the Royal College 1st XV Rugby Team in 2012.
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DFCC Vardhana Bank continues to honour customer loyalty during the Avurudu season this April. The Bank’s Avurudu promotion titled: “DFCC Vardhana Thegi Lithai Banku Pothai” will be held on a much larger scale than previous years, and will run from the 2nd of April right up to the 2nd of May.
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athandz, Sri Lanka’s pioneering Internet based research organization unveils plans for expansion within the local market under its new ownership. Launched under the parent company, Infoserve, athandz is dedicated towards Internet based market research for consumers. It was brought under the group of the nation’s leading information and communication technology solutions provider, PC House PLC (PCH), following the acquisition of majority of shares by PCH last November.
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Flytxt, the provider of global mobile marketing solutions, made their foray into the Sri Lankan Market with the addition of Hutch, the fastest growing mobile operator in Sri Lanka. Flytxt, the innovative mobile marketing campaign management company with a presence across Europe, Africa and Asia, offers industry leading campaign management and marketing services to mobile operators.
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Sri Lanka’s pharmaceutical manufacturing sector will get a new boost when Glaxo Wellcome Ceylon GlaxoSmithKline(GSK)commences the first ever solid pharma production facility by a multinational in the country on 24 April. “I am given to understand that Glaxo Wellcome will be producing a huge 2.5 Bn Panadol brand of Paracetamol tablets volume annually in its new facility in Moratuwa equipped with the state of the art machinery. I congratulate Glaxo Wellcome on their new initiative” said Rishad Bathiudeen, Minister of Industry and Commerce of Sri Lanka.
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From the Farm to the Kitchen" the theme for this years Pro Foods Pro Pack exhibition conjures the true essence of the entire food processing chain that eludes the attention of the common man. Many of us would have a vague idea into the dynamics of the process, the farmers toiling the land for produce, the intermediary transport and the final product are the main attributes of the process that many are aware of. Profood Pro pack and Agbiz exhibition is seen by many as the one stop shop in experiencing the entire process of food processing- “from the farm to the kitchen”.
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SriLankan Airlines’ is increasing its seat capacity to Saudi Arabia, by adding a 314-seater Airbus A340 on its Colombo Jeddah route, to facilitate the demand from special Umrah groups, travelling to observe religious rites.
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With cricket fever gripping the India, Emirates – the Team Sponsor of Deccan Chargers - reiterated its commitment towards the sport and the country by providing lucky youngsters a once-in-a-lifetime opportunity to meet their idols.
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The Sri Lankan office of the global advertising agency Leo Burnett has once again made history with its award winning short film, “Pass it on when you’re done with it“ making it into the prestigious Gunn “Showreel of the year” Report. The commercial has made an appearance in the “Top 100 Creative Ideas of 2011” rankings report, which compiles the 100 most creative pieces of advertising from the industry, globally.
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Hundreds of people who received overseas remittances via MoneyGram and collected their money from branches of the Commercial Bank of Ceylon have received brass lamps under a promotion conducted by the Bank.
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Celebrating Easter in a distinctive manner in-line with their silver jubilee, Hilton Colombo’s Blue Energy Team organized a traditional Easter Egg Hunt for 75 children of the Deaf School in Ratmalana.
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The Baby Cheramy ‘Thaagi Pahasa’ prize distribution ceremony to felicitate the winners of the 2nd and 3rd draws of the competition was held recently in the form of a gala event hosted at the Galle Face Hotel on 29th march 2012.
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Emirates has opened its own dedicated passenger lounge at the Bandaranaike International Airport, Katunayaka (BIA), becoming the first international airline to invest in such a facility at the BIA.
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The newly established Orient Insurance Ltd., a member of the Al-Futtaim Group and sister company of Associated Motorways (AMW) reported during the first quarter of 2012 that it had been successful in securing Rs. 100 million worth of Gross Written Premium in general insurance.
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The awards ceremony to reward the top 25 dealers of the tyre retreading division of Associated Motorways Limited, one of the leading organizations in Sri Lanka, was held under the name “Top 25 Dealers’ Convention” in grand style at the Kandalama Hotel under the patronage of the President of the company, Mr. Thilak de Zoysa recently.
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The “FIRS” is a little jewel that sits pretty aloft its little hillock overlooking Lake Gregory in the most scenic location in Nuwara Eliya, the loftiest region in Sri Lankan Hill country.
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Ganaka Amarasinghe who was admitted to membership of the Association of Accounting Technicians of Sri Lanka (AATSL) in 1988 at the inaugural convocation of the institute has now been elected as the 7th President for the term 2012-2013.
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Star TV, owned by Rupert Murdoch, has won the rights to broadcast Indian cricket for 2012-2018. The deal, which also includes internet and mobile rights, was valued at Rs 3851 crores (approximately $750 million) and covers 96 matches.
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Range Rover, the iconic British motoring brand will add verve and style to the forthcoming holiday season in ‘Little England’ by sponsoring the 2012 edition of the annual ranking tennis tournament of the Hill Club, Nuwara Eliya.
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