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HDFC Bank, a specialized housing Bank launched the online Banking portal recently enabling customers to have access to their accounts at any time. This ensures fast, easy and secure access to HDFC accounts. HDFC Bank was in the process of upgrading its services continuously for the past period considering the evolving needs of its customers ...
$ 450 m mega project to be completed in 2014 By Uditha Jayasinghe The Government has leased the iconic Transworks House land to India’s Krrish Group for 99 years at $ 49 million, whilst the $ 450 million mega project is slated to be completed by 2014. The land encompasses the Transworks House, a colonial ...
The biggest savings bank in Malaysia, Bank Simpanan Nasional (BSN), says through higher loan revenues and increased community banking activities, they expect a 25% growth in profitability during 2012. This State-owned bank, which is targeting a net income of RM 1.3 billion, commenced expansion of its infrastructure with innovative delivery channels by introducing branchless banker ...
Cinnamon Lakeside Colombo celebrated twenty seven years with a host of activities taking place throughout the hotel. To mark this milestone Cinnamon Lakeside Colombo carried out an annual blood drive, encouraging associates of both the hotel and the John Keells group to donate. Since 1990 Cinnamon Lakeside Colombo has been running a blood drive that ...
The first Prime Minister of independent India, Pandit Jawaharlal Nehru, wrote 75 years ago: “It would be absurd to say that the profit motive does not appeal to the average Indian, but it is nevertheless true that there is no such admiration for it in India as there is in the west. The possessor of ...
Sri Lanka’s largest telephony services provider Dialog Axiata PLC has donated revenue generated from SMS (Short Messaging Service) based voting on the grand finale of Ranaviru Real Star: Mission 2 to the Api Wenuwen Api Fund, administered by the Ministry of Defence and Urban Development. The Api Wenuwen Api Fund, a cooperation between the Ministry ...
Partners with the Department of Probation and Childcare to fund the education of children in need in Sri Lanka Baby Cheramy, a trusted brand of leading Sri Lankan conglomerate Hemas Holdings PLC, celebrates 50 years of enriching lives of Sri Lankan mothers and children this year. Commemorating the brand’s milestone and promoting the importance ...
A goat’s best friend is Mervyn! The populace has been cruel to him. Ok, to the goat too, but I am talking about a man willing to be incarcerated just to liberate a hapless animal. Thankfully, the President interceded and saved the day for both. The Minister had promised to defy a Court order and ...
Sincere apologies, Hamlet! This distortion is to highlight the current impasse and to stress the need for thinking beyond short-term situational measures. The impasse is in getting the public university system going and in dealing with demands without forgetting that there is a nation in waiting and the vision for it involves that it should ...
Why the Government should listen to the demands of university academics Sri Lanka is experiencing the dividends of peace at the moment. The Sri Lankan economy has expanded by a healthy growth rate of 7.9 per cent during the first quarter of this year, from the same period a year earlier. A Global Survey ...
Reuters: Billionaire money manager George Soros reported a nearly 2 percent stake in Manchester United Plc (MANU.N) on Monday, in one of the first revelations of investors in the British soccer club’s controversial initial public offering earlier this month. The veteran investor’s eponymous hedge fund, Soros Fund Management LLC, owns 7.85 percent of Manchester United’s ...
What is sales management? Sales management is a business discipline which is focused on the practical application of sales techniques and the management of a firm’s sales operations. It is an important business function as net sales through the sale of products and services and resulting profit drive most commercial business. These are also typically ...
Protecting the small depositor One reason for poor communities the world over responding to the service facility provided by Micro Finance Institutions (MFI) to take in the small amounts of savings the poor generate on a daily or weekly basis is the security offered by the cash being securely looked after at a remote ...
BANGKOK, THAILAND: Myanmar could follow Asia’s fast growing economies and expand at 7% to 8% a year, become a middle income nation, and triple per capita income by 2030 if it can surmount substantial development challenges by further implementing across-the-board reforms, a new Asian Development Bank (ADB) study says. ”Myanmar’s strategic location, rich natural resources ...
After a steady even par opening round yesterday, local Sri Lankan star Mithun Perera came roaring up the score-board in the second round of The Standard Chartered Open 2012 with an eight under par ‘bogey free’ 63. He lies two shots off the lead which is jointly held by Abhijit Chadha, the overnight leader who ...
By Cassandra Mascarenhas The technical sessions of the Association of Professional Bankers’ 24th anniversary convention were held yesterday, bringing the APB’s flagship event to a close. Aptly themed ‘Sustainability in volatility: The bankers’ challenge,’ each technical session explored an area that could throw obstacles in the path of bankers and the line-up of speak...
Reuters: Billionaire investor George Soros had a lot to celebrate on Saturday evening: his 82nd birthday and the engagement to his much younger girlfriend Tamiko Bolton. Soros and Bolton, who met in the spring of 2008, formally announced their engagement at a party at Soros’ summer home in Southampton, New York attended by a small ...
Long standing Sampath Sanhinda Senior Citizens account holders in and around Colombo were in for a surprise when Sampath Bank invited them for the prestigious farewell show of Maestro Victor Ratnayake’s ‘Sa’ at Nelum Pokuna recently. It was “a dream come true” for the invitees who were nominated by the Sampath Branches on a first ...
Commercial Bank’s credit cardholders can now enjoy star-class accommodation at attractive discounted prices under the latest promotion the Bank has launched with Amaya Resorts and Spas. Accordingly, cardholders who want to enjoy the breath-taking views of the hill country can stay at Amaya Hills – Kandy, Hunnas Falls – Kandy or Langdale – Nuwara Eliya ...
Ever since the first aircraft was conceptualised by Leonardo Da Vinci, the dream of flight is still continuously evolving. The latest aircraft is known as the dream liner Boeing 787. There has been no end to the technological advances in aviation. The global aviation industry has since been enlarged into a multibillion dollar business and ...
By Shanuka Tissera Since October 2011, Seylan Bank looked to re-stimulate the concept of banking rewards schemes in Sri Lanka with its promotion ‘Thagi Pita Thagi’. The lucky winner of the coveted top prize of a Rs. 15 million super luxury house was announced on 3 August at Cinnamon Grand and was awarded to Achala ...
July 25 was Cumaratunga Munidasa day. The day was of special significance this year since it marked the 125th birth anniversary of one of Sri Lanka’s most eminent scholars. The highlight at this year’s ceremony was the launch of a scholarship to be awarded to the student gaining the highest marks for Sinhala language and ...
Reuters: Standard Chartered is stepping up hiring and investment to take advantage of rivals retreating from its core Asian markets, after a strong first six months set it up for a 10th straight year of record profits. The London-based bank plans to add 1,000 to 1,500 jobs and increase investment spending by about $100 million ...
Seylan Tikiri Plus Accounts, which teaches children on the savings habit the fun way, have come up with yet another innovative promotion, where 100 BMX bicycles are on offer to be won, for 100 lucky Tikiri Plus Account holders. Every Rs.2,000/- deposited in to a Tikiri Plus account during 16th July to 15th September 2012, ...
Biggest contingent of top Indian corporate leaders in town for the first ever bilateral CEOs Forum and other events as mega India Show kicks off today with Commerce Minister Sharma as Chief Guest By Nisthar Cassim Indian business leaders are rushing to Sri Lanka as the giant neighbour kicks off today what can be described ...
Minister of Commerce, Industry and Textiles of India Anand Sharma will visit Sri Lanka from 2-5 August 2012, coinciding with the prestigious ‘India Show – Land of Limitless Opportunities’ being organised by the Confederation of Indian Industry (CII) in partnership with the Ceylon Chamber of Commerce from 3-5 August 2012 at the BMICH, Colombo. ‘India Show’ ...
In results released to the Colombo Stock Exchange this week, Senkadagala Finance PLC announced an overall star class performance in all areas of operations for the financial year ended 31 March 2012 when compared with its performance in the previous financial year. In key performance indicators, profit after tax rose 128% to Rs. 506.2 million ...
By a Special Correspondent A year or back from today, Sri Lankan economy had been sailing strongly amidst global economic typhoons. Most of the macro variables were reflecting peace dividends and rejuvenated hope. However, by mid 2011, the country’s trade deficit, fuelled by credit expansion was signalling early signs of an economic turmoil. Perhaps being ...
Janashakthi Insurance, one of Sri Lanka’s largest listed insurers, continues its winning streak to emerge the triumphant winner of two prestigious awards for corporate social responsibility and exceptional branding and marketing at the recently concluded CMO (Chief Marketing Officer Council) Asia Awards held in Singapore. The insurer gained recognition at the international event by securing ...
Union Assurance (UA) unveiled yet another innovation by introducing a unique pricing formula for their motor insurance Union Motor Star which allows certain categories of vehicles to enjoy an unbeatable price for insurance. Vehicles above the value of Rs. 3 million enjoy this privilege in general, though certain makes and models also have an unbelievably ...