DSL takes over TVS Auto Parts

Published : 12:15 am  October 21, 2014  |  Category: Motor  |  Leave a Comment  |  393 views  |  

Sri Lanka’s leader in Auto Parts, Douglas & Sons Ltd. (DSL) announced that it has acquired TVS Auto Parts Ltd. The acquisition will facilitate better service provision for the needs of motorists, especially consumers of Indian-manufactured vehicles in Sri Lanka.             DSL Group of Companies Chairman/Managing Director Saroj Perera and TVS Auto Parts Chairman Sunil Wijesinha recently signed the documents pertaining to this acquisition. TVS Auto Parts Ltd. is the sole agent and distributor in Sri Lanka for all 54 brands of auto parts manufactured by companies of the TVS Group in India. These include factory fitted Original Equipment (OE) manufactured for... 


FBI warns US businesses of cyber attacks, blames Beijing

Published : 12:15 am  October 21, 2014  |  Category: IT / Telecom  |  Leave a Comment  |  199 views  |  

Reuters: The U.S. Federal Bureau of Investigation said on Wednesday that hackers it believes to be backed by the Chinese government have recently launched attacks on U.S. companies. The “flash” warning to businesses described tools and techniques used by the hackers and asked companies to contact federal authorities if they believe they are the victims of such attacks. The document said the agency recently obtained information regarding “a group of Chinese government affiliated cyber actors who routinely steal high-value information from U.S. commercial and government networks through cyber espionage.” FBI spokesman Josh Campbell confirmed via email that the FBI had released the document,... 


Text the flight path of SriLankan’s new A330 and win exciting prizes

Published : 12:12 am  October 21, 2014  |  Category: Travel / Tourism  |  Leave a Comment  |  392 views  |  

When SriLankan Airlines welcomes the first of its six all new A330-300 aircraft on 31 October, proud Sri Lankan citizens will have the chance of becoming part of that memorable journey.                               All they to do is to listen to the radio promotions, aired in all three languages and text the city they wish the aircraft to fly over. The promotions, starting today, will be aired across the major radio channels until 26 October, and the lucky winners will be announced on 27 October. Along with the text message, the listeners are required to send in their names and National ID card numbers to be eligible... 


Kuoni Chief gives thumbs up for SL tourism development

Published : 12:12 am  October 21, 2014  |  Category: Travel / Tourism  |  Leave a Comment  |  435 views  |  

Tourism has grown to become one of the key pillars in the nation’s post war economic development, but to stay ahead of the game Sri Lanka has to play to its strengths, asserted the Chief of the UK’s top long-haul tour operator. The Daily FT recently met up with Kuoni Managing Director UK Derek Jones during his recent visit to Colombo, where he shared insights on the flow of travellers to Sri Lanka, demand for the destination, room for improvement and other key areas. Following are the excerpts of the interview:                                   By Shabiya Ali Ahlam Q: Could you tell us about Kuoni? A: Kuoni... 


Sri Lanka Institute of Credit Management to host 18th Annual Convocation

Published : 12:10 am  October 21, 2014  |  Category: Financial Services  |  Leave a Comment  |  260 views  |  

 Knowledge in handling and managing credit will determine the success of a business – SLICM The Sri Lanka Institute of Credit Management (SLICM), the leading institute which offers credit management education in Sri Lanka, will host its 18th Annual convocation on 23 October at the Centre for Banking Studies, with Central Bank Governor Ajith Nivard Cabraal gracing the occasion as the Chief Guest. More than 300 CEOs of the financial services sector and senior staff of Central Bank will also be attend to the only convocation dedicated for credit management academics. Themed ‘Quest for Sustainable Credit Practices in Sri Lanka,’ over 100 students will be passing out from Advanced Diploma... 


Secondary market bond yields dip ahead of weekly bill auction

Published : 12:10 am  October 21, 2014  |  Category: Financial Services  |  Leave a Comment  |  201 views  |  

By Wealth Trust Securities Secondary market bond yields decreased yesterday in thin trade ahead of today’s weekly Treasury bill auction. Activity surrounded the liquid two maturities of 1 July 2022 and 1 January 2014 as its yields dipped to intraday lows of 7.87% and 8.17% respectively against its days opening highs of 8.40% and 8.55%. In addition, a limited amount of activity was witnessed on the two 2018 maturities (i.e. 1 April 2018 and 15 August 2018), the 1 July 2019 maturity and the 1 May 2021 maturity as well within the range of 7.07% to 7.30%, 7.20% to 7.35%, 7.25% to 7.50% and 7.80% to 8.15% respectively as well. Today’s weekly auction will have on offer Rs 8 billion in total, solely... 


Sampath Bank ranked as ‘Best Retail’ and ‘Best Commercial’ Bank in Sri Lanka

Published : 12:10 am  October 21, 2014  |  Category: Financial Services  |  Leave a Comment  |  177 views  |  

 Banking excellence recognised with two top awards from World Finance Magazine Sampath Bank was recently feted as the ‘Best Commercial Bank’ and the ‘Best Retail Bank’ in Sri Lanka by the critically acclaimed UK based World Finance Magazine. The awards recognise excellence achieved by banks against several criteria, including; overall performance, financial ratios, variety and clarity of products and services, corporate governance, alternative financial products offering, parallel market interaction and competitive strategy.                               The World Finance Magazine 2014 has endorsed Sampath... 


NTB now in Minuwangoda and Kegalle with 365-day banking

Published : 12:10 am  October 21, 2014  |  Category: Financial Services  |  Leave a Comment  |  151 views  |  

Nations Trust Bank, a key player in the financial services industry, reiterated its commitment towards expansion with the opening of two new branches in the month of October, expanding the branch network to 86 branches. The new branches were opened in Minuwangoda (59, Negombo Road, Minuwangoda) and Kegalle (176, Main Street, Kegalle); offering many innovative products and services together with an unparalleled service of 365 day banking with extended banking hours.                         The new branches are now open on weekdays from 9 a.m. to 6 p.m. and are open on weekends, Poya days and other bank holidays from 9 a.m. to 12 p.m. Nations... 


Singer rewards top 10 Grade 5 scholars with X Series Notebook computers

Published : 12:09 am  October 21, 2014  |  Category: IT / Telecom  |  Leave a Comment  |  193 views  |  

Singer (Sri Lanka), the country’s number one consumer durables retailer, recently gave away Singer X Series notebooks to each of the top 10 Grade 5 scholarship winners. The prize-giving was organized by the Sri Lanka Rupavahini Corporation (SLRC) in order to celebrate the achievements of the country’s best Grade 5 students.                       A Singer X Series Notebook, one of the leading PC brands in Sri Lanka, was presented to each of the top 10 Grade 5 scholarship winners by Vajira Tennekoon, Marketing Manager – Digital Media for Singer (Sri Lanka). Singer’s active sponsorship of this event is a testament to the company’s... 


INFOTEL 2014 opens on 24 October

Published : 12:08 am  October 21, 2014  |  Category: IT / Telecom  |  Leave a Comment  |  159 views  |  

 Amidst an array of innovative and progressive features INFOTEL 2014, South Asia’s biggest Information and Technology Exhibition organised by the Federation of Information and Technology Industry Sri Lanka (FITIS) will open at the Bandaranaike Memorial International Conference Hall (BMICH) on 24 October. The event will be held from 24-26 October and the inclusion of many novel and innovative features will be a specialty in this year’s exhibition – a long-awaited annual happening in the Information and Communication Technology (ICT) calendar. Successive INFOTEL exhibitions have adopted significant progressive initiatives to develop the ICT industry in Sri Lanka. Expressing his views... 


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