United Motors Group announced strong financial results for the year ending 31 March 2012. During the year under review, the Group achieved a turnover of Rs. 20.8 billion and a post-tax profit of Rs. 2.27 billion which compares with a post-tax profit of Rs. 907.8 million achieved during the previous financial year. Commenting on the ...

Peter Kropotkin is a Russian revolutionist who has commented in his book ‘The Conquest of Bread’ what he considers to be the weaknesses of the economic systems of capitalism and how poverty and scarcity thrives on. However, Kropotkin did not believe in the theory of state and is known as an anarchist. The issue of ...

By Shanuka Tissera The new direction of the banking sector in Sri Lanka has been announced. Union Bank, one of Sri Lanka’s fastest growing banks, which was also the pioneer of internet banking in Sri Lanka, partnered with SLT PEO TV at Galle Face Hotel yesterday. SLT PEO TV paved a new path in the ...

Rameez Fazal and Danushka Kathriarachchi of Leo Burnett Solutions Inc. (LBSI) the Sri Lankan office of the internationally acclaimed advertising agency network Leo Burnett Worldwide will represent Sri Lanka in Cannes at the Young Lions TV category at the 59th Cannes Lions International Festival of Creativity in France.

Singer Sri Lanka recently launched their range of ultra energy efficient TCL LED TVs. TCL has been Singerandrsquo;s second best selling TV for a considerable period of time and has become a trusted household name. TCL LED TVs offer up to 60% savings on power consumption (35 watts) compared to a conventional Cathode Ray Tube (CRT) television off equal size which consumes up to 90 watts of power.

DFCC Bank (DFCC) and DFCC Vardhana Bank (DVB) consolidated and integrated their presence on the information superhighway into one location through the launch of their new website www.dfcc.lk. With a view to delivering seamless banking services through a convenient, easy to navigate portal, the Banking Group hopes to meet the financial needs of the cyber ...

Historically, capital markets have played an important role in the development of market economies and therefore the development of efficient regulation of securities too has become increasingly important. While fostering the development of the economy, the capital markets also play an important equalising role. Viz – it attracts the participation of a large number of ...

The DFCC Group yesterday disclosed that it has posted a consolidated profit after tax of Rs. 2,973 million for the financial year 2011/12. The figure is an increase of 37% over the Rs. 2,170 million recorded in the previous year (excluding the exceptional profit relating to the reduction of DFCC’s shareholding in Commercial Bank of ...

By Damien The Secretary to the treasury Dr. P.B Jayasundera recently made statement that the country is wasting the foreign currency on things that can be made in this country. I would like to add to this by stating that as a country we should have clear targets and policies that are aimed at both ...

This Poson too, for the 19th consecutive year, Aviva NDB has made the customary arrangements to keep watch over the pilgrims who bathe in the reservoirs in and around Anuradhapura, Polonnaruwa and Dambulla.  Poson full moon day is on 4 June. Over a million pilgrims visit Mihintale to commemorate the introduction of Buddhism to Sri ...

By Cassandra Mascarenhas The biggest mobile forum in the region, the South Asian Mobile Conference was held for the third year in Colombo earlier this week, bringing together some of the world’s top experts in the mobile sphere, developers of the next generation, researchers, academics and policy makers, creating a platform for a chance of ...

Seven young prominent marketing communications professionals from Sri Lanka’s advertising and marketing industries were selected to represent the country at the annual Young Lions Competitions and the Roger Hatchuel Academy in Cannes, France next month after having successfully completed the Sri Lankan Cannes Young Lions Competition. The local competition to select the contenders was organis...

The other day I was shopping with my wife at Odel – that’s where I do most of my clothes buying; not because I want to be fashionable but simply because they’ve got the right sizes in shapes that fit me! I was about to buy another of my usual T-shirts when my wife made ...

Sri Lanka’s first-ever digital ready and HD ready television station, Hiru FM, was launched on 23 May, marking Asia Broadcasting Corporation’s foray into Sri Lankan television under its flagship brand Hiru after enjoying much success in the radio industry.

SriLankan Airlines said yesterday it has acquired a new Airbus A320 last month, expanding its fleet to 23 aircraft. The national carrier’s fleet now consists of eight medium – range A320’s, seven twin engine wide-body A330’s, and six long-haul A 340’s, and two De Havilland Twin Otter floatplanes for domestic services. The new aircraft has ...

The first quarterly draw of the Nations Trust Bank (NTB) Nations Saver Promotion was held recently in the presence of an official from the Western Provincial Council and six winners from each branch were selected and awarded an array of electrical home appliances. The prizes included a double door refrigerators, 22” LCD televisions, washing machines, ...

E.A. Dayawathie (56), a year teacher from Matugama recently won the top prize of Rs. 1 million in Seylan Bank’s (February) ‘Thagi Pita Thagi’ draw, becoming the fourth millionaire to date. “I never expected to win the top prize. And yes of course I am very happy,” she says. With 24 years teaching experience, Dayawathie ...

Unilever Sri Lanka recently reintroduced the popular TV show ‘Wonderlight Kumariyo’ with new attractions. The show was a household favourite back in the day before Unilever acquired the brand in 2009. As a brand that is popular amongst the masses of Sri Lanka, the company took a novel approach to revive this show with more ...

Q: Is Cricket a sport, a business or an industry? A: Cricket, like a lot of sports started off as an amateur sport (with part-time players), then became a professional sport (with people playing it for a living) and has now transitioned into a multi-billion dollar, multi-faceted industry In the first two years of the ...

TVS Lanka recently held its Annual Service Dealer Conference 2012 for its countrywide dealer network at the Randiya Hotel in Koralawella, Moratuwa. With an attendance of over 350 service dealers covering all four corners of the island, representative from TVS and Sons TVS Motor Company Ranjith Fernando – Chairman United Motors and the Management Team ...

An internship with MAS Holdings, Deutsche Bank and DialogCorporate heavyweights MAS Holdings, Deutsche Bank and Dialog Axiata PLC are in search of the next batch of exceptional interns to join their annual Summer Internship Program, commencing July 2012. This joint initiative is rated one of the best internship programs in the island and has been ...

By Cassandra Mascarenhas Sri Lanka’s first-ever digital ready and HD ready television station, Hiru FM, will be launched on 23 May at 6.02 a.m., Asia Broadcasting Corporation announced yesterday. It marks the organisation’s foray into Sri Lankan television under its flagship brand Hiru after enjoying much success in the radio industry. Hiru TV will be the ...