Seylan Bank opens 2 new branches

Published : 12:00 am  August 28, 2014  |  Category: Financial Services  |  Leave a Comment  |  259 views  |  

Seylan Bank opened its latest branches at Hikkaduwa and Rideegama recently. The Hikkaduwa branch which is located at No. 271, Galle Road, Hikkaduwa, was declared open by Seylan Bank PLC General Manager/Chief Executive Officer Kapila Ariyaratne, while Retail Banking Senior Deputy General Manager Tissa Nanayakkara opened the Rideegama branch which is situated at No. 02, Dodangaslanda Road, Rideegama. Deputy General Manager – Branches I Chithral de Silva, Area Manager – South Lal Chandrasiri, Area Manager – North West Dinesh Fernando, members of the senior management of Seylan Bank, distinguished invitees and customers of the area were also present at this event.  Read More →


HNB Assurance launches unique guaranteed monthly pension plan

Published : 12:00 am  August 28, 2014  |  Category: Financial Services  |  Leave a Comment  |  359 views  |  

‘my pension’ offers solution for depleting interest rates, meets needs of senior citizens HNB Assurance yesterday launched the ‘my pension’ plan to ensure financial independence for its customers after retirement. With this guaranteed monthly pension plan, HNB Assurance becomes the first insurance company in Sri Lanka to take such an initiative. The product primarily caters to the needs of elderly citizens. ‘my pension’ ensures financial security for retirees who are looking to secure a fixed monthly income for life in exchange for a lump sum investment, without being affected by the fluctuating interest rates.    HNB Chairperson Dr. Ranee Jayamaha presenting the first... 


ASUS makes strong comeback to Sri Lankan market

Published : 12:00 am  August 28, 2014  |  Category: IT / Telecom  |  Leave a Comment  |  274 views  |  

Director Operations and CPM – Sri Lanka, Rajeev Chaudhari outlines plans for ASUS operations in Sri Lanka   ASUS launched in Sri Lanka recently. Is it because you see potential in the Lankan market?    Director Operations and CPM – Sri Lanka Rajeev Chaudhari Of course. ASUS has been a leading brand in Sri Lanka for products like Motherboards, VGA cards, optical drives, LCD monitors with a large market share a few years ago. We hope to reach this status again with the re-launch in June with some new and exciting products in Notebook category.   How do you propose entering the local market? We pioneered the ultraportable laptop market with many of our groundbreaking products,... 


Rosewall introduces world’s leading polypipe brand from UK to Sri Lanka

Published : 12:00 am  August 28, 2014  |  Category: Business  |  Leave a Comment  |  257 views  |  

Rosewall Interior Solutions Ltd., Sri Lanka’s one-stop shop for all interior solutions, recently unveiled the range of polypipe products, the latest addition to their portfolio of world-class products. The first product introduced to Sri Lanka in the new polypipe range is Polyplumb Polybutylene Pipes and Fittings, which are used to reliably and consistently distribute hot and cold water.    From left: Rosewall Interiors Director Nishantha Ranasinghe, Rosewall Interiors Director Nuwan Samarasinghe, Rosewall Interiors Director Brawin Fernando, Polypipe UK Export Sales Manager Philip Wood, Rosewall Interiors Director Lyndon Fernando and Rosewall Interiors Assistant General Manager Arshad... 


MIMT to sponsor 35th National Conference of Chartered Accountants with gold sponsorship

Published : 12:00 am  August 28, 2014  |  Category: Business  |  Leave a Comment  |  209 views  |  

The MAS Institute of Management and Technology (MIMT) recently joined hands with the Institute of Chartered Accountants of Sri Lanka to power the 35th National Conference of Chartered Accountants with a gold sponsorship.    From left: CA Sri Lanka Secretary/CEO Aruna Alwis, National Conference 2014 Chairman Heshana Kuruppu, CA Sri Lanka Vice President Lasantha Wickremasinghe, CA Sri Lanka President Arjuna Herath, MAS Fabric Park Director Misver Deane, MAS Fabric Park DGM – Finance Yasanath V. Perera and MAS Fabric Park Senior Manager – Marketing and Operations Deepal Lokugalappaththi The National Conference scheduled to be held from 23 to 25 October at Waters Edge will revolve... 


Colombo Leadership Academy launched

Published : 12:00 am  August 28, 2014  |  Category: Leadership  |  Leave a Comment  |  93 views  |  

 Powered by  industry experts Colombo Leadership Academy (CLA), Sri Lanka’s first dedicated leadership development and executive education facility recently announced its formal launch in Colombo. The academy is set to launch with a prestigious series of flagship programs scheduled to commence in October 2014. CLA aims to develop leadership skills in existing and potential business leaders through industry expert viewpoints on comprehensive strategies to optimise business performance. The CLA flagship programs include High Performance Leadership, a three day workshop launching at the Kingsbury on 2 October, as well as Strategic Management, Family Business Growth Succession and Governance,... 


Win washing machines in ‘Sunquick Drink & Win’ promotion

Published : 12:00 am  August 28, 2014  |  Category: Business  |  Leave a Comment  |  137 views  |  

Fifty lucky Sunquick customers will win Sisil washing machines which are now on offer in the ‘Sunquick Drink & Win’ consumer promotion commenced on 20 August. The competition will run till 14 October. The entry method is simple. The lid of the Sunquick bottle will have a plastic seal in it. All what the customer has to do is to post it with the name, address and telephone number to PO box 161, Colombo. It is planned for the Sunquick propaganda unit to visit 72 towns including the North and Eastern Provinces during the period of the promotion. Since the customers can then hand over their entries to the propaganda vehicle, it would be most convenient way of participation. According to a... 


ECB speculation weighs on euro, yields; stocks buoyant

Published : 12:00 am  August 28, 2014  |  Category: International  |  Leave a Comment  |  168 views  |  
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Reuters: The euro extended its slide on Wednesday, hitting its lowest level in a year against the dollar as expectation grew that the European Central Bank will act soon to counter low growth and inflation.    Euro notes are pictured at a bank in this photo illustration taken in Seoul 18 June Government bond yields around the world remained under pressure and stock markets were buoyant on the prospect of further stimulus in the world’s second largest economic bloc, although European bourses struggled to make any much headway following two days of strong gains. Fueling the ECB easing speculation, Italian Economy Minister Pier Carlo Padoan said Italy must lower its growth forecast... 


Stocks slips from 3-year high

Published : 12:00 am  August 28, 2014  |  Category: Front Page  |  Leave a Comment  |  317 views  |  

Reuters: Stocks slipped on Wednesday, retreating from a three-year high hit on Tuesday, led by illiquid shares in low trade, with retail profit-taking in speculative shares, brokers said. The Bourse hit a three-year high on Tuesday, helped by the low interest rates and analysts said an increase in speculative trading in fundamentally weak shares could dent the healthy growth the index has seen this year. The main stock index ended down 0.41%, or 28.41, at 6,984.91, slipping from its highest close since 18 August 2011 hit on Tuesday. The index has gained 18.13% so far this year.“The market was brought down by the illiquid shares in low trade while we have seen some retail profit-taking... 


After disasters, stricken Malaysia Airlines staff brace for job cuts

Published : 12:00 am  August 28, 2014  |  Category: International  |  Leave a Comment  |  184 views  |  
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KUALA LUMPUR (Reuters): As bodies from downed Flight MH17 were brought home last week, a group of Malaysia Airlines flight attendants, in black mourning headscarves contrasting with their pink and turquoise uniforms, sobbed and clung to each other in grief.    A Malaysia Airlines plane sits on the tarmac at Kuala Lumpur International Airport in Sepang 19 July The 19,500 staff of Malaysia Airlines (MAS) now face a new ordeal – a quarter of them may lose their jobs at the unprofitable airline, hit by two jet disasters this year. Flight MH370 remains untraced since its disappearance en route from Kuala Lumpur to Beijing in March. Deep job losses, route cuts and a change of leadership... 


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