Thursday 24th April 2014

Ajit, Seevaratnam join EB Creasy Board

Published : 12:26 am  April 7, 2014  |  Category: Business  |  Leave a Comment  |  331 views  |  

Senior business leader Ajit de S. Jayaratne and top professional R. Seevaratnam have been appointed to the Board of E.B. Creasy & Company PLC with effect from 1 April. Jayaratne is a former Chairman of Forbes and Walker Ltd., Colombo Stock Exchange, Ceylon Chamber of Commerce and The Finance Commission. He also served as Sri Lanka High Commissioner in Singapore. He is a Director of several listed and unlisted companies. He holds a Bachelor of Science degree and is a Fellow of the Institute of Chartered Accountants of England and Wales and of Sri Lanka. Seevaratnam is a Fellow of the Institute of Chartered Accountants and Wales and of Sri Lanka. He holds a General Science Degree from the University... 


Dr. Selliah quits Swisstek Board

Published : 12:25 am  April 7, 2014  |  Category: Business  |  Leave a Comment  |  216 views  |  

Dr. S. Selliah has resigned from the Board of Directors of Swisstek (Ceylon) Plc with effect from 1 April. Dr. Selliah joined the Siwsstek Board in November 2003 and was Acting Chairman in FY2013. Via his Arunodhaya Group and related companies Dr. Selliah holds a 5.6% stake in Swisstek. Lanka Tiles Plc holds a 47.8% stake and Lanka Walltiles Plc holds a 11.5% stake in Swisstek.  Read More →


EU Switch-Asia kicks off 2014-2016 support program

Published : 12:25 am  April 7, 2014  |  Category: Business  |  Leave a Comment  |  200 views  |  

The highly beneficial EU Switch-Asia initiative’s 2014-2016 program has been launched to mitigate climate change and promote economic growth through biogas. The European Union by targeting Small and Medium Enterprises (SMEs), consumers and public authorities through its EU Switch-Asia Program, has contributed more than EUR 6 million since 2009 to four different projects in Sri Lanka. EU Switch-Asia Program is at the forefront of strengthening policies on sustainable consumption and production, which has been made possible under the active leadership and participation of the Government of Sri Lanka. The fourth and recently started initiative has witnessed a contribution of EUR 665,000 to a project... 


Blue Diamonds Board quits; Chinese owner, reps. and ex-CEO Asanga rejoins

Published : 12:24 am  April 7, 2014  |  Category: Business  |  Leave a Comment  |  287 views  |  

The entire Board of Directors of Blue Diamonds Jewellery Worldwide Plc has resigned with effect from 2 April. Those who resigned include Aruna Fernando, Jeffry Ebert, P. Bandara Herath, R. Chitrakumar, Sampath A. Hettiarachchi, Tharaka R. Galahitiyawa, W.K.A.K. Premaratne, W.M. Ravi B. Bandara and Isuru Balapatabendi. The latter was appointed only 28 February as a nominee of Sri Lanka Insurance Corporation, the Board of which he also serves. As at end 2013, Chinese investor Xia Liqiang held an 18% stake in Blue Diamonds whilst SLIC held 10.22% and Ceylinco Insurance Life and General Fund held a collective 5% stake. At an Extraordinary General Meeting last month, three nominees of the largest... 


Micromax maximises Avurudu joy with instant gifts, motorbikes and TVs

Published : 12:00 am  April 5, 2014  |  Category: Business  |  Leave a Comment  |  247 views  |  

Micromax gives their customers the opportunity to maximise their joy this Avurudu season by showering them with instant wins of some cool prizes including LED TVs, when it drives an unparalleled ‘Scratch & Win’ promotion. The promotion runs from 1 April to 31 May. Every Micromax mobile phone purchased during this period will come with a scratch card which can bring the chance to win one of LED TVs, T-shirts, umbrellas, travelling bags and caps on offer. Winners may collect these prizes immediately from one of several designated dealers. Not leaving any loyal Micromax consumer out, those who do not win an instant gift will stand a chance of winning an even bigger prize – one of the five... 


Lankem Agro wins NCPC and Geo Responsibility Awards

Published : 12:00 am  April 5, 2014  |  Category: Business  |  Leave a Comment  |  229 views  |  

Lankem Ceylon Plc broke new ground in the business of crop protection by being the first chemical company in Sri Lanka to win the all island ‘Geo Responsibility Silver Award’ at the annual award ceremony held at the BMICH. Geocycle, the professional waste management solutions provider inaugurated Geo Responsibility Awards in 2011, to recognise industries that practice best environmental management systems and popularising sustainable waste management amongst the industrial community. Lankem Ceylon PLC Director/COO Damith Vitharana accepted the award on behalf of Lankem. “At Lankem, economic consideration does not take priority over environmental and safety standards, As Sri Lankan’s... 


Abans launches LG Evercool refrigerator that keeps cool up to 7 hours during power failure

Published : 12:00 am  April 5, 2014  |  Category: Business  |  1 Comment  |  202 views  |  

Amazing but true! LG’s innovative Evercool refrigerator continues to keep your food cool and fresh for up to seven hours in the event of a power failure. Abans, sole agent for LG in Sri Lanka, recently launched the LG Evercool refrigerator, yet another innovative product of LG’s highly-advanced Technology and Research Team, Evercool technology is based on latent heat, where the cooling is retained in PCM (Phase Change Material). While the refrigerator is running the liquid PCM absorbs the cooling and becomes solid. During power failure the solid PCM changes to liquid by absorbing heat, and releases the stored cooling, keeping the contents fresh and cool for seven hours. The LG Evercool refrigerator... 


Fashion Bug relocates Kurunegala outlet

Published : 12:00 am  April 5, 2014  |  Category: Business  |  Leave a Comment  |  335 views  |  

Fashion Bug, one of Sri Lanka’s leading retail clothing stores with over 17 outlets islandwide, relocated their Kurunegala outlet to #34 Bauddhaloka Mawatha, Kurunegala, with a modern, spacious and much more glamorous interior, complimented by tastefully selected clothes and alluring accessories . Gracing the opening as Chief Guest was Chief Minister of the North Western Province Dayasiri Jayasekara while the Guests of Honour were Mayor of Kurunegala Gamini Peramunage as well as Senior DIG North Western Province Jagath Abeysiri Gunawardane. Located on Bauddhaloka Mawatha in Kurunegala, the new Fashion Bug is located on five floors, spread over 15,000 square feet, with separate floors for women,... 


Etihad Airways starts flights to Jaipur

Published : 12:00 am  April 5, 2014  |  Category: Business  |  Leave a Comment  |  277 views  |  

Etihad Airways has commenced daily operations between Jaipur and Abu Dhabi. Craig Thomas, Etihad Airways’ Regional General Manager-Asia Pacific North and Indian Subcontinent, said: “The addition of the Jaipur service reinforces Etihad Airways’ commitment to the Indian Subcontinent.  We are confident that the new flights will continue the strong passenger growth between India and the UAE. “The new service will provide travellers from Jaipur with seamless connections to the Gulf region and Middle East, as well as Africa, Europe and North America, via our Abu Dhabi hub.” Neerja Bhatia, General Manager – India, Etihad Airways, said: “Jaipur is the perfect addition to our growing network... 


Mahapola Lotto launches M Super Lotto

Published : 12:00 am  April 5, 2014  |  Category: Business  |  7 Comments  |  1,099 views  |  

Rs. 150 m grand prize every week Oceanic Games today announced the launch of four innovative lottery products under the Mahapola Lotto – M Super Lotto, M Lotto Plus, M Lotto, and M4D. Offering a never before seen grand prize of Rs. 150 million along with several other prizes, the four new products are set to significantly boost funding for the Mahapola Higher Education Scholarship Trust Fund. Allowing consumers to pick six of their preferred lucky numbers between 1 and 50, M Super Lotto offers a mega prize of Rs. 150 million, the highest single prize in the history of lotteries in Sri Lanka, every Sunday. M Lotto Plus, where consumers have to pick any five numbers between 1 and 68, offers... 


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