HNB partnership with IFAD showcased at annual meeting in Rome
Hatton National Bank (HNB) Deputy General Manager – Marketing & Retail Banking Chandula Abeywickrema was invited by International Fund for Agriculture Development (IFAD) to present the partnership initiative support for greater financial inclusion among the migrant workers and their dependents in Sri Lanka at the Annual Meeting for Financing Facility for Remittances (FFR) held on 17 November 2011 at Rome.
Finance Houses Association elects Kamal as Chairman
The members of the Finance Houses Association of Sri Lanka have elected Kamal J. Yatawara as its Chairman for the year 2011/12. The organisation has been at the forefront of the financial industry of the country for many decades, having been led by many eminent business personalities who have done much to shape the financial landscape in Sri Lanka today.
Commercial Credit net profit grows tenfold in 1H
Catering to a more diversified market has enabled Commercial Credit to increase its net profit for the six months ended 31 September 2011 to Rs. 265.5 million.
This is an increase of 1,604% per cent over the corresponding period in the previous year.
Standard Chartered implements first internet-based remote printer in Sri Lanka
Standard Chartered Bank announced yesterday that it had enhanced its robust electronic payment capabilities further by implementing a Remote Printing Solution for printing Corporate Cheques at the premises of DHL Global Forwarding Lanka Pvt. Ltd. (DGF).
Aviraté dresses up for aggressive expansion
2012 to see 14 stores in India, SL, UAE and Canada
By Cheranka Mendis
Sri Lanka’s only dress designing manufacturer Timex Garments, under its brand name Aviraté, will launch an aggressive expansion plan in 2012, anticipating the opening of 14 stores worldwide.
‘Apparel Star’ concludes in Kandy; Kalutara next
The eighth ‘Apparel Star’ talent competition for garment factory workers in the Kandy District concluded last Saturday with seven finalists selected to participate at the finals, which will be held in early 2012.
Gap to triple China network in 2012
HONG KONG (Reuters): U.S. apparel brand Gap Inc said on Friday that it aims to triple its store network in China next year, one of the latest foreign brands to target the country’s consumer spending growth.
Redmond Yeung, president of China for Gap, which competes with Uniqlo parent Fast Retailing Co Ltd and Esprit Holdings Ltd in China, said the company aimed to operate 15 stores in the country by the end of the fiscal year to January, and to triple that number to 45 in fiscal 2012.
Chinese Dragon Café spices up the festive season
Chinese Dragon Café has had an exciting and eventful year serving up mouth-watering Chinese cuisine with their unique signature flavour to their ever-expanding following of loyal customers.
This December season they are turning up the heat in the kitchen by offering delectable goodies, holiday catering and festive giveaways, and with the holidays right around the corner they’ve perfected a savoury feast that’s sure to leave your friends and family with warm hearts and full stomachs.
Kiddies Christmas Party at Galle Face Hotel on 8 Dec.
Charles Dickens said, “It is good to be children sometimes, and never better than at Christmas, when its mighty founder was a child Himself.”
Bridging the global digital divide
By Cassandra Mascarenhas
Tackling the global issue of bridging the digital divide, Eisenhower Fellow Brigitte Daniel was in Colombo for a couple of days as part of her tour of South East Asia, looking at various technology solutions and infrastructure models and different types of emerging technologies to address the digital divide issues in the United States.
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