Mega Promotion Lucky Draw at Alpha Orient Lanka shops BIA

Alpha Orient Lanka Limited, a member of the world's number one travel retailer as well as the leading duty free merchant at the Bandaranaike International Airport (BIA), recently concluded their Christmas and New Year mega promotion successfully.

Revel in Bangkok and Singapore with Cathay Pacific's amazing fares and packages

Cathay Pacific Airways has launched attractive fares and packages to the colourful, exotic destinations of Bangkok and Singapore.Get hooked on the best deals in town with amazing fares to Bangkok and Singapore, as Cathay Pacific offers travellers a chance to book their tickets online and enjoy exciting discounts.

Amana Takaful plans going public in Maldives

The Maldivian subsidiary of Sri Lanka's Amana Takaful Insuracne Plc, Amana Takaful (Maldives) Private Limited has applied to be listed in the Maldives Stock Exchange (MSE).

Jet Airways honoured with top award at at Business Traveller Awards 2010

Jet Airways, A premier international airline, was declared the 'Airline with Best Business Class Service in the World' at the Business Traveller Awards 2010 in Los Angeles.

Sampath Bank opened the doors of its Super Branch in Dharmapala Mawatha

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SAMPATH BANK DECLARES A FINAL DIVIDEND OF Rs. 6.60 PER SHARE FOR 2010, IN THE FORM OF A SCRIP DIVIDE

Sampath Bank, which pioneered many financial innovations in the banking industry, including the  payment of scrip dividends, has declared a considerably high final dividend for 2010 at Rs. 6.60 per share, exclusively in the form of a scrip dividend, subject however to a payment of 10% Withholding Tax on the dividend.

SriLankan Cargo sets new record for transhipment through Colombo

SriLankan Cargo took a giant step towards becoming the air cargo hub between the East, West and the Subcontinent, by recording its highest ever transhipment of freight through Colombo in 2010.

All ATM'S to come under one platform

Lanka Clear (Private) Limited (LCPL) the cheque clearing arm of the Central Bank of Sri plans to implement a Common Payment System for all Automated Teller Machines (ATM) that will process transactions locally and Expressions of Interests (EoIs) have been called from vendors to supply Common ATM & Payment Card Switch.

Asia Commerce plans to expand as fully fledged finance company

Leasing experts Asia Commerce Limited (ACL) recently signed a Memorandum of Understanding (MoU) with Scienter Technologies (Pvt) Ltd to acquire their new fully integrated software solution - Destinity eFinancials to expand the firm's operations and establish itself as a finance company.

New board for lanka Singapore Biz council

A new board was elected for Sri Lanka Singapore Business Council during its 13th Annual General Meeting that was held recently at the Ceylon Chamber of Commerce. Shamil Mendis, Group Director of Delmege Forsyth & Co., Ltd was elected President of the Council for the year 2010/2011.

Ran FM unveiled an all-out campaign in support of the Sri Lankan Cricket Team

Ran FM formally launched "Ran FM Jaya Apatai", a nationwide campaign in support of the Sri Lankan Cricket Team at Temple Trees on Saturday, the 8th of January 2011. The unveiling ceremony started off with the Signature Campaign.  President Mahinda Rajapaksa was the first to affix his signature on a branded Ran FM cricket bat.

Lankan IT market to grow over US $ 600 mn in five years

Sri Lanka's IT market was estimated to be worth US$327mn in 2010, just 2% the size of India's, but is expected to grow to around US$632mn within BMI's five-year forecast period. The computer market has comfortably been growing at a double-digit CAGR for the past several years, yet the penetration rate remains below 1%. Computerisation has only just got started in the government service.

Tug O’ war at colombo South Harbour Terminal?

Uncertai nties are looming about the deadline for the completion of the first terminal of the Colombo South Port, with  Sri Lanka Ports Authority (SLPA) Chairman publicly saying that the completion of the terminal might get delayed by about 18 months.

ComBank assists Jaffna Hospital

The Commercial Bank of Ceylon recently carried out another major CSR Project in the Northern Province by assisting the Jaffna General (Teaching) Hospital, one of the most widely patronized medical facilities in the area.

Emirates sponsors popular authors to Galle Lit Fest

Two award-winning African writers and a popular Sri Lanka born novelist will be among the eminent authors participating in the 2011 Galle Literary Festival (GLF), thanks to Emirates, a fourth-time sponsor of this annual event.

Leema Creations wins Bronze award

Leema Creations won a Bronze award at the Entrepreneur of the Year 2010 competition organized by the Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL).  Leema Creations, a company engaged in interior designing of houses, offices, hotels, restaurants, shopping complexes and exhibition stalls, secured this award for the excellence of their products and services.

Mobile Financial Services (MFS): The unrealized potential

 Along with the increasing usage of mobile phone handsets globally, the handset is becoming an excellent primary digital channel for the banking and financial players in the markets - mostly being emerging markets. These include m-banking, money transfers, m-wallets, and remittances.

Pilot project to commence end of this month

Sri Lanka Tourism Development Authority Chairman Nalaka Godahewa said the Immigration Department has already completed the online visa scheme programme through the web and a pilot run off will be initiated to test the system.

Less effort, more business-click for business with SAARC countries

The 10th SAARC Trade Fair was successfully concluded in Kathmandu from 15 to 19 December 2010, where a number of companies both from the large and SME sectors of SAARC countries participated to promote their products and services.

Emirates SkyCargo completes first paperless flight

Emirates SkyCargo, a leading force in the industry drive towards e-freight, recently marked a milestone with its inaugural paperless flight. EK702, from Mauritius to Dubai, became the first flight on its global network to operate with a hold filled entirely with shipments which had been processed electronically. The Boeing 777-300ER, with a belly-hold capacity of 23 tonnes, transported a diverse load, including bank notes, flowers, fruits such l

IMF publishes first global survey of Foreign Direct Investment Positions

The International Monetary Fund (IMF) last week released results from its inaugural Coordinated Direct Investment Survey (CDIS), the first worldwide survey of foreign direct investment positions. The results, published as an online database, cover investment positions at end-2009 for 72 participating economies. The survey will be carried out annually and the intention is to broaden coverage in terms of both geographical representation and breakdo

Sithaka brews a hat trick

Sithaka Tea Factory famous for its quality of teas being produced on a weekly basis and obtaining weekly top prices at the Colombo tea auctions recorded and established an all time record price for the BOP-1 grade at Rs.770 on 22 December tea auctions conducted by Deshan Bandaranayake of John Keells Plc.

India set to become leading growth centre in Asia

It's official. The great Indian growth story looks set for a sequel in 2011 as the economy readies to wipe out any lingering traces of the global recession. Strong growth across sectors promises not just to beat back the recession blues but also cement India's position as a leading growth center in Asia alongside China.

Emirates promotes Omega Dubai Desert Classic Golf Tournament

The world-class 22nd annual Dubai Desert Classic golf tournament kicks off on 8th February 2011 and runs through 13th February 2011. 

Commercial Bank supports University of Jaffna

Commercial Bank of Ceylon PLC, the leading private bank in the country, recently assisted the University of Jaffna by providing computer equipment to its Department of Geography.

New 'Otara' range at CJS

In its second year running, Sri Lanka's first ever celebrity jewellery line 'Otara' by Colombo Jewellery Stores presents yet another stunning line of contemporary jewellery.

SriLankan resumes flights to Kochi

SriLankan Airlines will re-launch its services to  Kochi from  March 1st  2011,  increasing its growing portfolio of Indian destinations to seven.  The resumption of flights links Colombo and Kerala's commercial capital  Kochi on all seven days of the week.

HSBC Colombo Fashion Week scheduled for 4-6 Feb

HSBC Colombo Fashion Week 2011 is scheduled to take place on the 4, 5, 6, February 2011 at the Grand Ballroom, Hilton Colombo. This year HSBC Colombo Fashion Week was the biggest to date and it provided a strong boost to the fashion design industry of Sri Lanka.

Sampath Bank and Nivasie Developers partner for home financing

Nivasie Developers - a leading name in the housing development industry of Sri Lanka came together with the financing giant Sampath Bank recently to offer easy, flexible and affordable home financing solutions to their customers.

Don Carolis celebrates 150 years in business

Don Carolis and Sons  Limited ,  a household   name in the country's furniture  industry commemorated  its 150 years in business on Tuesday at its show room at Vauxhall  Street Colombo.