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With a stellar performance from its tourism sector, Aitken Spence PLC has reported its highest-ever profit before tax of Rs. 5.5 billion for 2011/12. The company posted a consolidated profit after tax of Rs. 4.7 billion for the year financial year ended 31 March 2012, Aitken Spence said in a statement. The blue chip showed ...
Sri Lanka fast bowler Lasith Malinga has decided against playing for Middlesex in English county cricket’s Twenty20 competition the county’s managing director Angus Fraser announced on Monday. The 28-year-old paceman, whose unusual ‘slingshot’ action makes him difficult to face, has been told to rest after completing his Indian Premier League duties with the Mumbai Indians....
Sri Lanka Telecom, the premier telecommunication service provider in Sri Lanka continues to extend its support to CIMA’s Business Leaders Summit every year. The Business Leaders Summit which is a star feature in CIMA’s business calendar will feature lively mix of both local and global celebrities from the corporate world, organised with the sole purpose ...
Expolanka Holdings Plc said yesterday it has sustained its consolidated net profit after tax for the FY 2011/12 at Rs. 1.23 billion with a consolidated net profit before tax at Rs. 1.68 billion. The Q4 recorded a year on year growth of 21% in top line, 33% growth in gross profit and 22% growth in ...
Club Palm Bay Marawila, is a four star resort hotel situated on the Western coast and is 35 kilometres from the Bandaranaike International Airport, centrally located with easy accessibility to tourist hot spots such as Kalpitiya (famous for sightings of Blue Whales, Sperm Whales and Dolphins), and to the well known wild life sanctuary Wilpattu. ...
By Ruzaik Farook The All Ceylon Muslim Women’s Association (ACMWA) will celebrate its 60th anniversary (Diamond Jubilee) on 26 Saturday May 2012 at Hotel Ramada, Colombo. The ACMWA, one of the oldest and leading Muslim organisations in Sri Lanka focused on social development, was founded in 1952 by a group of Muslim ladies seeking to eliminate ...
The Economist: Sarath Fonseka, Sri Lanka’s former Army Chief, emerged through the brown gates of the Welikada prison on 21 May, blowing kisses to his ecstatic supporters and declaring a vow to fight unto death for democracy. The bright-green balloons his supporters had brought earlier that morning were already flat after hours in the sun. ...
The Urban Development Authority (UDA) of Colombo, supported by foreign investment, is in advanced stages of developing the shoreline around Beira Lake. Situated in the heart of the Sri Lankan capital, the man-made lake is already surrounded by major productive use buildings such as offices, hotels, shopping malls, apartments, banks and commercial and leisure establishments. ...
Hot on the heels of the 2011/12 HSBC Sevens World Series, Sri Lanka begins its league version of the popular game of rugby the ‘Carlton Super Sevens’ taking after the concept of the world renowned IPL. The well known names of the Sevens World Series is all packed in on this exciting tournament which has ...
Released ex-General says wants Government overthrown Says has no ambitions to become President Reuters: He was pardoned by the President and released from jail, but former Army Chief Sarath Fonseka had nothing but scorn for the Government on his first day of freedom and vowed to fight for its downfall. The ex-General said it could ...
All Black stars feature in playing and coaching setup for the Sabaragamuwa Stallions at the 2012 Carlton Super 7’s Sabaragamuwa Stallions, one of the founding franchises of the Carlton Super 7’s, announces the signing of four All Black seven’s players to the team for the 2012 tournament to be held over 2 weekends in May ...
Former Army Commander Sarath Fonseka walked free from jail yesterday with a pardon from President Mahinda Rajapaksa, who appears to have bowed to growing international demands that he release his highest-profile rival while erasing the image of him as a victim. Ex-General Sarath Fonseka kissed his hands and raised them to a group of 2,000 ...
Annual executive cricket encounter of the Bentota-Beruwela Hoteliers’ Association will be held for the second successful year as Bentota – Beruwela Premier League (BBPL) on 29 May at Ahungalla Grounds. Bentota-Beruwela Hoteliers’ Association (BBHA) was established in year 2001, with the intention to re-group all Bentota-Beruwela hotels as one entity and is currently reckoned as ....
The World Duty Free, managed by the pioneer operator, Autogrill Lanka Ltd., was opened yesterday at the Bandaranaike International Airport, offering a new experience and exciting luxury products for travellers. Chief Guest at the opening, Airport and Aviation Services Chairman Prasanna Wickramasuriya said: “This is certainly a proud moment in the Bandaranaike International Airport̵...
John Keells Hotels Group announced the certification of ‘Green Globe Awards’ to five of its resorts and hotels for sustainable tourism. The certifications were received by Chaaya Village Habarana, Chaaya Blu Trincomalee and Chaaya Reef Ellaidhoo – Maldives, properties which fall under Chaaya Hotels and Resorts, Cinnamon Lodge Habarana of the Cinnamon Hotels and Resorts ...
News reports point to an important decision that the minister concerned has been requested to make on the above subject. If this is correct it is important that we recognise that it is more than a million dollar decision that has been called for. It is so important a decision because it could determine the ...
Business tycoon Harry Jayawardena-controlled Distilleries Company Plc is the biggest private sector shareholder in People’s Leasing Company Plc., after the latter went public via the biggest ever IPO in post-war Sri Lanka. With 24.5 million shares Distilleries account for 1.57% stake in People’s Leasing Plc. At the issue price of Rs. 18 per share, Distilleries ...
The Hilton Colombo adds an array of the popular baked dessert, the Strudel to their cuisine this May. The delectable desserts are set to be prepared by the award winning Austrian Guest Chef Michael Bernhard. The strudels will be available at the Thorana Lounge High Tea Buffet between 18 and 27 May from 3 p.m. ...
The best hotels, hotel architecture, interiors, construction and design across the entire Asia Pacific region were celebrated at The J W Marriott Hotel in Kuala Lumpur on 27 April. The leading companies behind these winning hotels and hospitality projects were invited to attend to receive the prestigious awards. The Asia Pacific Hotel Awards in association ...
At long last a renewed National Sports Policy (NSP) was presented to Parliament last week and will no doubt shortly transform into the latest legislation for sport in our sunny isle. No doubt this is a well-meaning initiative of the Ministry of Sports (MOS) and its front running Minister who only a few weeks ago ...
ASTROLOGY has always had a deep-rooted effect on Sri Lankan society, but few people are more focused on it than politicians. As Thursday gets more prominence for its star alignment, it would be interesting to see what results the country may actually see. Astrology, in its broadest sense, is the search for meaning in the ...
On 27 April last year, the Supreme Court of Sri Lanka paved the way for a formidable and sustainable national economy and an enhanced human rights image – two imperative needs to take Sri Lanka to the next higher level. Accessibility is an inherent right of everyone that can empower all people. It cannot be ...
By Cheranka Mendis McLarens Group of Companies on Monday announced the qualification of their Brand Ambassador and number one ranked Sri Lankan shuttler, Niluka Karunaratne, for the London Olympics scheduled to be held from 27 June to 11 August this year. Karunaratne, recognised as a sportsman who has come up to the Olympic level on ...
Ceylinco Insurance – General recognised and handsomely rewarded its dynamic and dedicated sales team, at the recently concluded Annual Sales Conference and Awards Ceremony 2011. The glittering event showcased the company’s outstanding talent, rewarding its top performers, who overcame all obstacles, in order to provide their customers with an unparalleled service throughout the year. T...
The Design Group Five International (Pvt) Ltd (DG5i) was a double winner at the Asia Pacific Property Awards 2012 held recently in Kuala Lumpur, Malaysia for their innovative and creative design of the People’s Leasing Plc Headquarters building in Maradana Road, Borella. The Awards, held annually, recognises superior architectural and interior designing across the Asia ...
Road accidents cause the most number of annual deaths in Sri Lanka. Each year over 40,887 road accidents occur in Sri Lanka, causing 6 fatalities every day. Several hundreds of people are left seriously injured; some with lifelong consequences. Addressing this tragedy, Caltex together with the Sri Lanka Traffic Police has embarked on an island-wide ...
The Sri Lanka Institute of Marketing (SLIM) at its 42nd annual general meeting elected a new Executive Committee for the ensuing year. President Tilan Wijeyasekera pledged to continue the SLIM traditions built up over the past four decades and work to a planned programme setting goals and objectives which can be achieved in the course ...
FDIs to the rescue Senior Minister Dr. Sarath Amunugama, on the occasion of the release of the 2012’s Economic and Social Survey for Asia and the Pacific by UNESCAP in Colombo last week, is reported to have remarked that unless Sri Lanka manages to promote private sector and attract foreign direct investments or FDIs, the ...
The only permanent thing in the world is change. Everything is changing, either towards better or worst. Change is crucial for individuals as well as for institutions. Driving change in providing needed leadership is essential for sustainable growth. Today’s column is all about championing change. Nature of change It says that the only person ...
The Sri Lanka Institute of Packaging (SLIP) yesterday announced the launch of ‘Lankapack 2012,’ the only exhibition solely dedicated for the local packaging industry to be held mid this month with the largest overseas delegation in the history of the exhibition. With over 35 companies from India and 10 from China taking space at the ...