Legendary Apple CEO steps down

Apple's legendary co-founder and top ideas man Steve Jobs resigned as chief executive the company said, in a long expected move after he began a dramatic fight with cancer

People’s Bank posts Rs.4.1bn post tax profit

 Sri Lanka’s state owned People’s Bank has increased its post tax profit by 53.5 percent to Rs.4.1 billion for the half year ended June 30, 2011, compared with the corresponding period of the previous year

Toyota, Ford to collaborate on hybrid trucks

Toyota Motor Corp and Ford Motor Coompany will work together to develop hybrid trucks and SUVs that will be ready for market by the end of the decade, the two companies

New Rs.74mn IT body to deliver govt. services

The Cabinet of Ministers has authorized supplementary funding amounting to approximately Rs 74 million (Seventy Four), to enable a subsidiary owned by ICTA to maintain and operate the Lanka Government Network (LGN), beyond August 2011

HP plans PC exit, Autonomy buy

Hewlett-Packard said on Thursday it is considering a sale or spinoff of its personal computer unit, will halt production of its webOS devices such as the TouchPad, and agreed to buy British software firm Autonomy Corp for $10.2 billion

Fitch rates PABC's Sub Debt at 'BBB-(lka)'

Fitch Ratings Lanka has assigned Pan Asia Banking Corporation PLC's (PABC) proposed subordinated debentures of up to LKR2.0bn a National Long- Term rating of 'BBB-(lka)'

No statement from BIS: CB

Central Bank issuing a note of clarification a while ago said the bank has not been issued ‘an advisory statement’ by the Bank for International Settlement (BIS) as stated in a media report

Tea Exporters AGM on Friday

The 12th Annual General Meeting of the Tea Exporters Association will be held at 6.30 pm on Friday, 19 August, 2011 at the Grand Ballroom – Hotel Galadari Meridien, Colombo 1

Life without polythene

Getting closer to nature Plastic Pakaging gets OK COMPOST certification for NaturPlus bags sans polythene Though celluloid is the key and most crucial word in the reel world, in real life Polythene and plastic are the most menacing substances that ruins the environment. The entire world is concerned about this serious factor and are coming up with novel methods to arrest the situation.

Time Warner to buy Insight for $3 billion: source

Time Warner Cable has reached a deal to buy The Carlyle Group's cable operator Insight Communications Co for around $3 billion in cash, a source familiar with the matter said on Sunday.

Hutch rewards dealers with ‘Swarna Abhisheka’

Normal 0 MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"

How workplace events change employee emotions, behaviour

AET states that work-related events, known as affective events,  occurring in workplaces cause specific emotional reactions in employees which in turn lead to attitudinal and behavioural changes in employees. AET marked the beginning of the study of the person level emotional changes in organizations and therefore is considered a seminal piece of work.

Scholarships for USA is a game changer –Dr.Harsha de Silva

When Dissa asked me if I could contribute a small piece on the tenth anniversary of the American university placement agency that he and Priyanthi run, I immediately said yes.  Even though with my rather hectic schedule it took me three months, here I am, getting down to it sitting in a hotel room in Philadelphia overlooking one of the finest academic institutions of America, the University of Pennsylvania. 

Amana Takaful launches “PROSPER” Sri Lanka’s first Sharia’h compliant Unit Liked Insurance Plan

Normal 0 MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"

Etisalat launches 3.75G network

Sri Lanka sees the dawn of a new era as Etisalat yesterday launched the country’s only 3.75 G network. As the telecommunications giant strides forth towards becoming Sri Lanka’s undisputed industry leader, with this launch Etisalat plans to expand Sri Lanka’s largest 3.75 G network with the latest and most cutting edge technology. 

Amana Bank and Bank Islam ink Partnership Agreement in KL

v\:* {behavior:url(#default#VML);} o\:* {behavior:url(#default#VML);} w\:* {behavior:url(#default#VML);} .shape {behavior:url(#default#VML);} Normal 0 MicrosoftInternetExplorer4 st1\:*{behavior:url(#ieooui) } /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style

Hong Kong International Tea Fair 2011

Normal 0 MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"

Samson IT to distribute Dell products, solutions

Dell recently announced the addition of Samson Information Technologies (Pvt) Ltd (Samson IT) to the list of Dell partners in Sri Lanka. Samson IT, which is a member of the reputed DSI Samson Group, will now distribute Dell’s suite of commercial, consumer and enterprise products and solutions.

Oman Air website accepts debit cards

Oman Air, the national carrier of the Sultanate of Oman, has enhanced its website to accept debit cards.  This added feature will benefit those customers who do not own credit cards but wish to purchase Oman Air’s ticket on the internet.

Lanka at Paris ‘Destination Nature Fair’

The annual ‘Destination Nature Fair’ was held in Paris from 25th to 27th March, with the participation of more than 200 companies, including Sri Lanka.

Awareness, key for healthy living - SLCPI

“Today, virtually every country in the world is grappling with the scourge of counterfeit and unregistered drugs threatening the lives of patients and, by working together, Sri Lankan families can be kept safe from this hazardous problem,” said Ken Kero-Mentz, Economic Officer at the US Embassy.

LOLC Motors sponsors VW Beetles Rally

The Volkswagen Beetle owner’s club presented its annual Volkswagen beetle rally commemorating the fifteenth  Anniversary Celebrations of the “Pride of Ownership” Drive. This year’s event was held for its twelfth  year since the Club’s initiation in 1999.

Rubber industry can benefit from Nanotechnology

Natural Rubber (NR) has been effectively used for various industrial applications. Invention of pneumatic tyres and inner tubes in late 1840’s and the expansion of the automobile industry resulted in a greater demand for NR. However, the properties and the cost of the products manufactured from NR were not attractive until the use of carbon black as reinforcing filler.

Hat trick for Harpic as Household care Brand of the Year

Normal 0 MicrosoftInternetExplorer4 st1\:*{behavior:url(#ieooui) } /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:1

Seylan Bank presents “The Business Case”

Seylan Bank on last Wednesday presented its 2010 annual report titled ‘The Business Case’ in an glittery event that showcased the bank’s unprecedented growth in the hands of its new management and the shareholders. The annual report was formally presented to Central Bank Ajith Nivard Cabraal by the Chairman of Seylan Bank Eastman Narangoda.

Become an all-rounder so that companies want you- Dusty

My company hasn’t blocked social networks as we are very pro-social networking. When a vacancy exists, we put it on Facebook and receive hundreds of applications. This is something we need to accept as a reality and we can’t avoid it anymore. What we need to do is use it for business purposes such as communication and follow up on business deals

Emirates offers more tickets

As enthusiastic cricket fans in Sri Lanka gather around their television sets to watch the ICC Cricket World Cup 2011, Emirates, an official partner of the event has provided yet another opportunity to win tickets to World Cup matches being played in the country.

Etisalat takes Blackberry services to everyone

Keeping in line with the promise of 'Blackberry for everyone", Etisalat has opened  Sri Lanka's 1st ever Etisalat Blackberry Care Centre. Conveniently located on  196, Highlevel Road, Colombo 6, this inaugural 'Blackberry Care Centre.', offers a host of Blackberry and other Etisalat services.

TRILLIUM RESIDENCIES blossoms with new apartment wing

Normal 0 MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"

HSBC, IUCN to restore Warawewa Tank

HSBC joined hands with the International Union for Conservation of Nature (IUCN) for the restoration of the Warawewa Village tank for livelihood development and enhancement of the ecosystem. The official agreement between HSBC and IUCN was signed by Nick Nicolaou, Chief Executive Officer, HSBC Sri Lanka and Maldives and Dr. Ranjith Mahindapala, Country Representative of IUCN on 14 February 2011, at the IUCN office situated at 53, Horton Place, Co