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Janashakthi Turns 20
19-September-2014

Leading insurer Janashakthi Insurance celebrates their 20th anniversary, recording impressive growth ahead of impending regulatory changes in a notoriously competitive industry. Over the year 2013, the company recorded a stellar Rs. 1 billion in Profit After Tax, while also achieving its highest ever consolidated revenue of Rs. 9.9 billion at a growth of 20%

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Special baggage offer from SriLankan
19-September-2014

SriLankan Airlines, the leading direct airline operator to Europe, now offers travellers to and from the region sensational value through increased baggage allowance. This special offer sees travellers being offered an extra 15 kgs of baggage each way, at no extra charge, thus seeing Economy class passengers have their allowance increase to a total of 45 kgs and Business Class passengers with 55 kgs on each leg of their journey. 

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Sri Lanka bourse gains for 4th straight session; seen gaining further
19-September-2014 Reuters

Sri Lankan stocks rose for the fourth straight session on Friday to touch its highest in more than three years. The gains were led by banking and diversified shares on bullish sentiment due to lower interest rates, higher foreign fund buying and positive economic outlook. Stockbrokers said they expected the index to gain further as the market is expecting another rate cut during the central bank's monetary policy rate meeting next week. The announcement is scheduled for 0200 GMT on Tuesday.

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Register now for the highly reputed Degree in Applied Accounting from CA Sri Lanka
19-September-2014

The BSc. in Applied Accounting degree programme awarded by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) which has been approved by the University Grants Commission has been developed with the primary objective of creating employable graduates with the required skills, competencies and industry knowledge to fulfill a successful accounting career.

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Hayleys LifeSciences Adjudged Best Supplier by SPC
19-September-2014

Hayleys LifeSciences, the Sri Lankan partner for Fujifilm medical imaging solutions, won the Award for Best Supplier – Surgical, at the 17th Annual Supplier’s Convention of the State Pharmaceuticals Corporation (SPC) of Sri Lanka. The award recognises the company’s strong commitment to offer the best quality medical imaging products in partnership with Fujifilm Corp. of Japan.

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PRO enhances showmanship at TNL Onstage Finals
19-September-2014

PRO, Sri Lanka’s leading grooming brand, recently concluded an innovative marketing campaign during the TNL Onstage 2014 competition. As the official stylist, PRO was an integral partner during the finals of the competition. 

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Sri Lanka stocks end steady; energy price cut boosts sentiment
17-September-2014 Reuters

Sri Lankan stocks ended little changed on Wednesday as gains in mid-cap shares were offset by profit-taking in some large-caps amid heavy retail participation on positive sentiment after the government reduced energy prices. The main stock index edged up 0.04 percent, or 3.10 points, to 7,179.20. The bourse hit its highest close since June 10, 2011 of 7,218.68 on Friday.

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Ceylinco Life extends Falck emergency medical care to policyholders
17-September-2014

Policyholders of Ceylinco Life living in Colombo and the suburbs have been offered a free membership to 24-hour, on-call emergency medical services from Falck, the largest ambulance provider in the world. The one-year membership is valid for policyholders but can be extended to cover family members on payment of an additional fee, the company said.

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CA Sri Lanka tributes 91-year old founding member
17-September-2014

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently paid tribute to one of its founding members, Mr. Sinnappu Ramasamy who has been a member since the Institute was founded in 1959.

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Sri Lanka Socio-Economic Data - 2014
17-September-2014

The Central Bank of Sri Lanka has released its 37th volume of the data folder, Sri Lanka Socio-Economic Data 2014.  This easy- to- carry data folder contains 87 statistical tables and 12 charts covering the latest information on socio economic conditions, human resources, national accounts, agriculture, industry, economic and social infrastructure, prices and wages, external trade and tourism, external finance, fiscal sector and financial sector.  Key socio economic data for the SAARC and South East Asian regions are also available in the data folder.

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SPIKES ASIA RECEIVES RECORD ENTRIES
17-September-2014

The Spikes Asia Festival of Creativity, which takes place next week in Singapore, has announced that 4,984 entries have been received into the 2014 awards. “The entries received into Spikes Asia always act as a good indication of regional industry trends and the direction it’s heading in, which is why it’s interesting to see that the categories showing the strongest growth are Digital, which has seen entries rise by 68%, and Mobile, where entries have grown by 48%. On a country level, it’s fantastic that Sri Lanka has almost doubled its entries, whilst Malaysia, Pakistan and Chinese Taipei have also seen substantial increases. It’s going to be an exciting few days as we start to see the best in APAC’s creative communications rising to the top,” says Terry Savage, Chairman, Lions Festivals. 

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Silicon Valley Risk Expert to educate CA Sri Lanka members on risk management in the 21st century
17-September-2014

Risk management challenges and opportunities for large corporations and conglomerates will come under focus at a seminar on ‘Making Risks Work for You’ organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) which will be held on 24th September 2014.

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ASUS Amongst Top 5 PC Vendors Worldwide in the latest IDC Report
17-September-2014

According to the most recent IDC (International Data Corporation) PC market share chart for the second quarter of 2014, ASUS was identified as one of the top five PC vendors worldwide. The IT magnate came in at fifth place, with an increase from 5.9 percent market share in Q2 last year to a 6.2% this year. The company has maintained continued growth in PC shipments in spite of a 1.7% decrease in worldwide PC shipments including both desktop and notebook units in the second quarter of 2014.

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Intel Launches the Intel® Core™ M Processor
16-September-2014

At IFA, a global trade show for consumer electronics and home appliances, Intel launched the new Intel® Core™ M processor, which will power new 2 in 1 devices from a variety of manufacturers including: Acer*, ASUS*, Dell*, HP*, Lenovo* and Toshiba*. Delivering the optimal blend of mobility and performance, Intel's new processor was purpose-built for amazing performance in the thinnest, fanless ultra-mobile devices.

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Sri Lanka stocks slip from over 3-year closing high on profit-taking
15-September-2014 Reuters

Sri Lankan stocks fell on Monday from a more than three-year closing high hit in the pervious session, as investors booked profits mainly in diversified and financial stocks in an overbought market, while foreign investors sold risky assets. The main stock index fell 0.61 percent, or 43.71 points, to 7,174.97, slipping from its highest close since June 10, 2011 hit on Friday.

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Amãna Bank Relocates Akkaraipattu Branch
15-September-2014

Amãna Bank recently relocated its Akkaraipattu Branch to a spacious office premises at 102, Main Street, Akkaraipattu providing convenient and easy access to their customers.

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CIC Introduces New packaging for PediaSure
15-September-2014

CIC Holdings, the sole agent of PediaSure in Sri Lanka is now offering the world-famous nutritional supplement for children in new tin packaging. Only CIC is licensed to bring the original PediaSure product to Sri Lanka, and now imports it directly from the Netherlands and Singapore. Designed to provide growing children with nutritional support, PediaSure is a high quality supplement that gives children all the daily nourishment they need.

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JAT Receives Prestigious Award for Manufacturing
15-September-2014

JAT Holdiings (Pvt) Ltd. The total timber coating solutions provider, who are the pioneers in the timber coatings industry in Sri Lanka, Bangladesh and Maldives, received a prestigious National Award for Manufacturing at the recently concluded Ceylon National Chamber of Industries Awards Ceremony.

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ACESL to hold workshop on FIDIC contracts
14-September-2014

The Association of Consulting Engineers, Sri Lanka (ACESL) is to conduct Two  2-Day FIDIC Contracts Workshops, the first on Practical Use of FIDIC Conditions of Contracts providing essential contractual know-how for working on today’s international projects and the second on Management of Claims, Dispute Resolution, Dispute Boards and Adjudication under FIDIC Contracts for the construction industry on 22nd to 25th September  2014 at the Waters Edge, Battaramulla.

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Regional IT/BPM cities to spearhead inclusive growth in Sri Lanka
14-September-2014

In a move to create much-needed IT/BPM capacity required for the expansion of the industry in Sri Lanka, which is now poised for accelerated growth, SLASSCOM Vice Chairman Mano Sekaram is advocating the creation of regional second tier cities to bring about inclusive growth in the country.

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FACETS Sri Lanka 2014 honours upcoming Gem Cutting Designers
14-September-2014

Winners of gem cutting competitions were recognized at FACETS Sri Lanka 2014, the international gem and jewellery exhibition organized by the Sri Lanka Gem and Jewellery Association (SLGJA) recently.

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EPF Share Portfolio’s Unrealized Profits passes Rs 10 billion mark
13-September-2014

The net unrealized profits of the EPF share portfolio passed the Rs 10 billion mark on 11th September 2014.  In addition, realized capital gains and dividends have amounted to Rs 3.4 billion so far, this year.  This milestone was particularly significant since during the first half of 2014, there were allegations levelled at the EPF that its share portfolio had suffered large unrealized losses during the period spanning early 2012 to early 2014.  However, as always maintained by the EPF, such claims have now been proved baseless, with the unrealized losses turning into substantial unrealized gains in the second half of this year.

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EGB woos Miss Universe China finalists with its uniquely Sri Lankan flavor
12-September-2014

One of Sri Lanka’s iconic beverage brands, Elephant House Ginger Beer, known widely as EGB, partnered with Cinnamon Hotels & Resorts to be the official beverage sponsor for the Miss Universe China pre pageant tour of Sri Lanka. Quenching their thirst all through the tour with its refreshingly Sri Lankan flavor, EGB won the hearts of the Chinese contingent which included the event’s 16 finalists.

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Oman Air Celebrates Unprecedented Awards Success In 2014
12-September-2014

Oman Air is celebrating unprecedented success across a range of international awards and magazine ‘best of…’ lists over the course of 2014. The acclaim has recognised the high quality of Oman Air’s work in every area of its operations and provides a perfect foundation for the next phase of the airline’s ambitious expansion programme, which will start later this year.

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Sri Lanka starts work on global consumer compliance
19-September-2014

Sri Lanka has begun compliance work on the global consumer end of its exports basket on 18 September. And no less than two top experts from Geneva’s WTO are in town to facilitate the pioneering effort. “Today, more countries around the world continue to reduce their border tariffs, either unilaterally or through an increasing number of free trade agreements, called as RTAs-Regional Trade Agreements. Non-tariff barriers such as SPS and TBT measures have begun to create a significant impact on international trade. 

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PILOTS' GUILD AND SRILANKAN MANAGEMENT ENTER IN TO AGREEMENT
19-September-2014

A new agreement was signed between the Management of SriLankan Airlines and the Pilots' Guild on the 12th of September, for the period September 2014 to September 2017. This agreement mutually recognises the importance of enhancing productivity and contributing to business priorities whilst addressing the needs of the Flight crew in keeping with industry trends and employee retention demands. 

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EDB calls for full Lankan exporter registration
19-September-2014

Sri Lanka’s apex export entity has issued a clarion call to the country’s exporter community to register with it and enlist in its surging database on 16 September. “Some non-registered exporters, unaware of procedures have brought a bad reputation for Sri Lanka. It is time all Lankan exporters register with EDB” voiced a keen Sujatha Weerakoone (DG-EDB) on 16 September in Colombo.

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Cinnamon and SriLankan Airlines Promotes Sri Lanka in Shanghai!
19-September-2014

Cinnamon Hotels & Resorts in their continuous destination promotion initiatives, partnered with SriLankan Airlines in coordinating an impactful promotional campaign for Sri Lanka at the Miss Universe China 2014 Final Pageant in Shanghai just a few days before the arrival of Chinese President Xi Jinping.

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Asia’s hi-tech powerhouse officially calls Lankan IT for the first time
19-September-2014

Sri Lanka’s IT & hi-tech sector has been suddenly energised as it received the first ever top level official invitation from Asia’s hi-tech power, as revealed on 04 September in Colombo. “After our own research on many Lankan business sectors, we identified Lankan ICT/BPO sector, among others, as fit to give our development support to.  As a stat, we invite a Lankan ICT/BPO delegation to Japan in the first quarter of next year” informed a smiling Masahide Sakishige (Outgoing Resident Representative-JETRO Colombo) on 04 September in Colombo.

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Dell continues to reign as the No.1 IT brand in Sri Lanka for the seventh consecutive quarter
19-September-2014

Targeting an increasingly tech savvy local audience, Dell has been making waves in the Sri Lankan computing market space with varying IT solutions. The brand has once again been recognized as the No. 1 PC vendor in the country as announced in the latest report disseminated by the International Data Corporation (IDC), making this the seventh consecutive quarter Dell has won this envious position.

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Unicorn enters to retreading market with two new retreading plants
19-September-2014

Unicorn Tyre Retreads (Pvt) Ltd is the newest player in the arena of tyre retreading in Sri Lanka.  The two state-of-the-art tyre retreading plants of Unicorn Tyre Retreads (Pvt) Ltd was commissioned recently at the Industrial Zone in Panaluwa, Watareka. Unicorn Tyre Retreads (Pvt) Ltd managing director Mr. Asanga Ratnayake and many distinguished guests graced the occasion.

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Eden Resort & Spa and Green Paradise walk away with Service Sector accolades
17-September-2014

Eden Resort & Spa and Green Paradise both walked away with National Level Service Sector awards at the CNCI Achiever of Industrial & Service Excellence 2014. Eden won a Merit award for National Level (Service Sector) Extra Large category, while Green Paradise earned a Merit award for National Level (Service Sector) Small Category.

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Samsung’s Customer Contact Centre relocated to offer global standards of service in Colombo
17-September-2014

Digital technology leader, Samsung Electronics recentlyshifted its Customer Contact Centre to a newly refurbished office at the World Trade Centre. The office’s opening ceremony was attended by the senior management and staff of Samsung Electronics including, H.K. Chang, Managing Director, Samsung Electronics India - Sri Lanka Branch Office, Omer A. Fareed - CEO, Amazai Group and Samsung Electronics management team and the Envoy facility team.

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Relief to patients with spine and limb ailments from ‘Navasti’
17-September-2014

Orthocare, Sri Lanka’s leading orthopedic supplies company recently introduced a novel concept called ‘Navasti’ which brings total health care under one roof, for all patients with spine and limb ailments. Patients with spine and limb ailments such as back pain and knee pain generally have long periods of illness at times. This often requires different modalities of treatment with different health care persons to work as a team to provide the best possible cure.

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UTE Paves The Way To Colombo's Future
17-September-2014

Colombo has been undergoing urban regeneration under the Urban Development Authority-headed Metro Colombo Urban Development Project over the past five years. United Tractors and Equipment (UTE) recently lent their support to this endeavor, providing Construction & Paving equipment to help overhaul Colombo's road network. A CAT PM 200 Cold planer and 4 Cat 428F Backhoe Loaders were ceremonially handed over to the Mayor of Colombo, Mohomed Muzammil by the Secretary of Defence,  Gotabaya Rajapakse at a special event. This was part of some Rs.450Mn worth of equipment and vehicles supplied for the Metro Colombo Urban Development project which comes under the Colombo Municipal Council.

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Mihin Lanka hosts commercial conference and felicitates agents at an evening of cocktails
17-September-2014

Mihin Lanka recently hosted a Commercial Conference and an evening of cocktails for Agents at the Galadari, Colombo. Both events were graced by the Chairman of Mihin Lanka, Nishantha Ranatunga, and the Senior Mangement Team. The Commercial Conference saw the participation of all Overseas GSA’s, Country Managers of Mihin Lanka and the Commercial and Sales teams of Mihin Lanka in, Colombo.

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Commissioning of Lower Kotmale Hydro Power Plant Financed by Amãna Bank
17-September-2014

A ceremony was held at the Corporate Office of Amãna Bank with the attendance of key officials from the Bank and Vidullanka PLC in order mark the successful completion and commissioning of the Lower Kotmale Hydro Power Plant project. Having connected to the national grid, the 4 MW mini hydro power plant located at Nuwareliya has a capacity of generating 13.1GWh of energy annually and is estimated to reduce the country’s carbon emission by 8,225 tons.

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Transcend together with EZY Distribution Introduces Apple compatible Product Solutions to Sri Lanka
17-September-2014

EZY Distribution Private Limited, Sri Lanka’s premier IT distribution company (part of EZY group of Companies in Sri Lanka) together with Transcend Inc. Taiwan , have established the brand “Transcend” as the leading product for memory and memory related products in the country

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Asian Alliance Insurance re-locates its General Insurance Main office to Ward Place, Colombo 7
16-September-2014

Asian Alliance Insurance PLC relocated its General Insurance Division on the 15th of September 2014 from the current premises in Navam Mawatha, in a bid to better serve its customers. The new office is now located at No.65, Ward Place, Colombo 7. Mr. Ashok Pathirage - the Chairman of the Softlogic Group graced the occasion as the Chief Guest whilst Mr. A. J. M. Mussammil, Honorable Mayor of Colombo was the Guest of Honor.  Members of the Asian Alliance Board including Mr. Iftikar Ahamed – Managing Director and Mr. Ramal Jasinghe – Director/CEO along with the senior management team of the company were among the distinguished gathering who were present to witness this landmark event.

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Lanka Hospitals Joins Hands with Chinese Embassy to Provide 1000 Free Cataract Surgeries to Underprivileged Patients
15-September-2014

Sri Lanka’s leading health care provider, Lanka Hospitals, in partnership with the Embassy of China and a coalition of Chinese enterprises based in Sri Lanka, will be gifting 1,000 free cataract surgeries to cataract patients in Sri Lanka. This extraordinary and generous undertaking coincides with the visit of the Chinese President to Sri Lanka from 16th to 17th September 2014, on an invitation by His Excellency President Mahinda Rajapaksa, marking the first such visit by a Head of State of China to Sri Lanka in 28 years. Registrations for the cataract surgeries closed on 12th September and the surgeries are being carried out from the 13th onwards over a period of one week, offering a golden opportunity for under privileged cataract patients to be treated at a world-class medical facility like Lanka Hospitals.

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Bodyline 3 certified CarbonNeutral®
15-September-2014

Already recognized as a leading proponent of environmental sustainability, Bodyline (Pvt) Ltd; one of Sri Lanka’s best known apparel companies marked World Environment Day by announcing the international CarbonNeutral® certification for one of its factories.

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Phoenix Ventures on board as Gold Sponsor for 35th National Conference of Chartered Accountants
15-September-2014

Phoenix Ventures Limited has come on board as a Gold Sponsor to boost the 35th National Conference of Chartered Accountants organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). The conference which will be held from 23rd to 25th October 2014 is one of the largest corporate events in the country which sees a massive participation of over 1200 chartered accountants and business leaders annually. This year’s conference will revolve around the thought provoking theme “Rethink to Revive”.

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Exide Riders take top spot at Gajaba Supercross 2014
15-September-2014

Team Exide’s riders shone at the Gajaba Supercross 2014 held recently. Exide Rider, Shehan C. Adhikari won the Overall Rider Championship award, while Exide’s Riders also won the Team Championship award as well.

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Omani praise for Seylan Bank staff training
15-September-2014

Seylan Bank recently conducted a week-long intensive training programme for the staff of Asia Express Exchange based in Oman. Among the topics covered during the comprehensive training were important aspects of banking, cash handling techniques, remittance operations, customer care and service. Added to this were also areas like such as KYC (know your customer) norms to be followed, AML (anti-money laundering) compliance / guidelines, dealing with different local and foreign currency notes and detecting fake currency notes.

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‘B Iconic’ makes bold catwalk debut at Odel
14-September-2014

A bold, vibrant new brand at Odel, for the young and young at heart made its scintillating catwalk debut at a colourful fashion show in Colombo yesterday (Saturday, 13th September 2014). The atrium lobby of Odel’s flagship store at Alexandra Place was packed to capacity as ‘B Iconic’ – a collection characterised by bold slogans, neon colours and effervescent prints, emerged in four motifs that capture the different moods of the new brand: ‘B Brave’ ‘B Playful’ ‘B Wild’ and ‘B Stylish.’

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Mainichi bizjourno surprised of Lankan triumph in Japanese hi tech sector
14-September-2014

As Sri Lanka’s IT exports topped $719 Mn, a business journalist from world’s fourth largest selling newspaper was taken by surprise on 05 September of the country’s inroads into one of the most demanding niche software markets in the world. “I am really surprised of your ability in our platforms. This is news!” exclaimed Yuichi Kiriyama, business journalist of Japanese language Mainichi Shimbun, world’s  fourth largest selling newspaper on 05 September in Colombo.

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CA Sri Lanka creates new record as it inducts 297 new Chartered Accountants and 149 FCAs at 2014 convocation
13-September-2014

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) created an all-time new record this year by inducting 297 new Associate Members (ACAs) at the 2014 Convocation, giving the country’s prestigious accounting profession a renewed boost. The convocation which was held under the patronage of Hon. Hemal Gunasekera, Deputy Minister of Cooperatives & Internal Trade and Mr. Ranil Wijegunawardane, Managing Director / Chief Executive Officer of Colombo Dockyard PLC, at the BMICH, Colombo also saw 149 existing Associate Members being conferred the distinguished Fellowship status (FCAs) elevating them to the highest stratum in their professional careers.

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Nature’s Secrets Awards Annual Foreign Scholarships to VTA Beauty Instructors
13-September-2014

Nature’s Secrets is Sri Lanka’s No.1 herbal cosmetics brand. These world class cosmetics are manufactured to internationally recognised GMP & ISO quality standards at an unparalleled production facility that comprises of Sri Lanka’s first privately owned Plant Research Centre and Sri Lanka’s largest privately owned medicinal plant garden.

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Top panel  to evaluate e-Swabhimani 2014
12-September-2014

Subsequent to  the end of nominations for e-Swabhimani 2014 steps are being taken to have the entries evaluated by high-profile  experts, says the ICT Agency of Sri Lanka  (ICTA). About 250 nominations were received for e-Swabhimani 2014 – the national award for the  best e-content and innovative ICT applications, says the ICT Agency of Sri Lanka (ICTA).

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5th Annual SEACEN Deputy Governors Financial Stability Forum and 5th SEACEN High Level Seminar for Deputy Governors
12-September-2014

The Central Bank of Sri Lanka, in collaboration with the South East Asian Central Banks (SEACEN), is hosting the 5th Annual SEACEN Deputy Governors Financial Stability Forum and the 5th SEACEN High Level Seminar for Deputy Governors during the period from 11th – 12th September 2014.

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Negombo plays host to HSBC Colombo Fashion Week Resort Show 2014
12-September-2014

The third edition of the HSBC Colombo Fashion Week Resort Show will be held from 1 to 4 October in Negombo. CFW has proved to be the backbone of the Sri Lankan fashion design industry, celebrating its 11th year with the launch of its third annual show focusing on a collection of resort wear outfits. This much anticipated seasonal fashion showcase that has been well received by the fashion public in both Sri Lanka and the region; is to take place at Jetwing Blue and Jetwing Beach. The unique annual Resort Show will also focus on a variety of new features this year.

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Oman Air Offers 15% Off Flights For Bank Muscat Oman Air Credit Card Holders
19-September-2014

Oman Air has launched a fantastic special promotion exclusively for the Bank Muscat Oman Air Credit Card holders. Between 15th September and 30th November 2014, holders of the Bank Muscat Oman Air Credit Card – all of whom are also members of Oman Air’s Sindbad programme can enjoy a 15 per cent discount on flights to any one of 24 destinations within Oman Air’s network. Tickets must be booked online at Omanair.com and payment of the discounted fare must be made using a Bank Muscat Oman Air Credit Card.

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U.S. Trade Show 2014 Showcases New Productsand Services for Sri Lanka
19-September-2014

The U.S. Embassy and the American Chamber of Commerce Sri Lanka (AmCham) are jointly organizing a U.S. Trade Show to be held on September 29th at the Hilton Residence, Colombo. The Trade Show will introduce Sri Lankan consumers and businesses to a comprehensiveselection of American products, equipment, technology, and services, further strengthening the longstanding commercial relations between Sri Lanka and the United States.

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DFCC Vardhana Bank opens a fully fledged bank branch in Hatton
19-September-2014

DFCC Vardhana Bank (DVB), Sri Lanka’s fastest growing commercial bank, recently expanded its network with its most recent branch opening in Hatton. The ceremonial opening of the new DVB branch took place on Thursday 18 September and was attended by Lakshman Silva, Chief Executive Officer, DFCC Vardhana Bank along with DVB’s senior management and staff.

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Fostering environmental conservation and awareness amongst the youth
19-September-2014

In a continued effort towards creating a positive impact on communities, Coca-Cola Sri Lanka organized a number of initiatives to preserve and conserve the environment by empowering the youth. The Company organized its annual inter-school PET collection drive as part of the ‘Give Back Life’ project that was begun in 2008, and also partnered with the Biyagama Educational Division for the third consecutive year to organize an inter-school debating competition on the occasion of World Environment Day.

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IMF says Sri Lanka's poor tax administration could cut economic growth
19-September-2014 Reuters

Sri Lanka's continuing failure to strengthen its tax administration could force the its government to spend less, which would hit economic growth, the International Monetary Fund (IMF) said on Friday. Since the Fund extended a $2.6 billion loan in 2009, it has regularly called for the government to raise more revenue by broadening the tax base and reducing tax exemptions. However, tax revenue as a percentage of gross domestic product has been declining. It hit 11.6 percent last year, from 13.3 percent in 2008.

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Lanka Hospitals Diagnostics fully equipped to detect up to 51 allergies
19-September-2014

Lanka Hospitals Diagnostics (LHD) today announced that it has recently purchased the Phadia 100 allergy testing machine, leading to a safer, faster and more convenient testing procedure to patients. The Phadia machine is designed for allergy and autoimmunology testing and to deliver clinically relevant test results supporting doctors in patient management.

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“Sri Lanka moving rapidly towards becoming a higher income economy” – Dr. P. B. Jayasundera tells CA Sri Lanka’s 19th Annual Tax Oration
19-September-2014

Sri Lanka has truly got into a new wave of development with a promising economic outlook, to move rapidly towards a higher income economy over the next decade, declared Dr. P. B. Jayasundera, Secretary to the Treasury, addressing the 19th Annual Tax Oration organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently.

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Dilmah partners with Mobitel Business Solutions for Mobitel’s ‘One’ fuel card
17-September-2014

Mobitel Business Solutions (MBS), the enterprise solutions division of Mobitel, recently joined hands with the premium tea brand Dilmah to set up Mobitel’s ‘One’ fuel Card to increase administrative efficiency, speed and ease at Dilmah. The ‘One’ Fuel Card stores a value on the card and acts as a direct replacement for the manual fuel allowance management system that is accepted and practiced in many large corporate organisations in the country.

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CIC Holdings PLC Supports SLOA Trauma Course for Doctors
17-September-2014

CIC Holdings PLC recently supported the SLOA Trauma course, a three-day training programme for over 50 doctors on treatment principles in operative management for the most common human fractures.

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CIC Holdings PLC provides Grant and Logistical Support for the AO SEC Seminar for Nurses
17-September-2014

CIC Holdings PLC recently provided grant and logistical support for the AO SEC seminar which focused on basic fracture management for nurses in the operating room. Jointly organized by the AO Foundation Socio Economic Committee, the Sri Lanka Orthopaedic Association and CIC Holdings PLC, the two-day event brought together medical experts and healthcare professionals from across Sri Lanka.

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SLIIT to host Annual Partner University Day on 26th September
17-September-2014

With 20 foreign university affiliations from UK, Australia, U.S.A, and Canada, SLIIT, the premier degree awarding institute, together with their foreign partners, will host the annual SLIIT Partner University Day on the 26th of September at the SLIIT campus in Malabe from 8.30am to 5.00pm. The Partner University day will be held for current and prospective students along with their parents to witness and understand SLIIT's foreign academic programmes, foreign university transfer options, scholarships and facilities geared to bring out the best in each student.

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Hemas Hospitals - Thalawathugoda enhances healthcare services with fully-fledged radiology facility
17-September-2014

Hemas Hospitals-Thalawathugoda, the third and latest addition to the Hemas Hospital chain, now owns a fully-fledged radiology department with the state-of-the-art equipment to better serve its purpose “Expert care, close at hand”. With this facility on board, customers of Hemas Hospitals-Thalawathugoda can, now, look forward to obtaining a range of radiology facilities without hassle for a nominal free.

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Leo Burnett Completes Second Masterclass Programme for Industry Interns
17-September-2014

Leo Burnett Solutions Inc., (LBSI) the local office of the global advertising network Leo Burnett Worldwide, recently completed the second Leo Burnett Masterclass programme which is designed to provide young undergraduates with an opportunity to gain exposure into the marketing communications industry.

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Hajj pilgrims from Maldives benefit from SriLankan Airlines offers this season
17-September-2014

SriLankan Airlines, the national carrier of Sri Lanka introduced attractive fares and other incentives for citizens of the Maldives who aspire to make that once in a lifetime spiritual journey in September to Mecca, the holy city for millions of adherents of the Islamic faith all over the world.

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Emirates and Jetstar expand codeshare on more routes
17-September-2014

Emirates and Jetstar have announced the expansion of their codeshare and frequent flyer relationship, to 30 routes across the Asia Pacific region providing more choice to Emirates customers. From 26 October 2014*, Emirates will grow its codeshare on Jetstar to include Jetstar Airways services between Melbourne and Ayers Rock (Uluru), Christchurch to Wellington in New Zealand and three new destinations in south-east Asia from Jetstar Asia’s hub in Singapore.

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Central Bank enters into a Swap Agreement with People’s Bank of China
17-September-2014

The Central Bank of Sri Lanka (CBSL) and the People’s Bank of China (PBOC) entered into a bilateral Currency Swap Agreement on 16th September 2014 which provides an opportunity to exchange Sri Lanka’s National Currency (LKR) with the Chinese National Currency (CNY) for trade related activities and other purposes agreed upon by both parties.

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Noritake Chairman visits Sri Lanka
15-September-2014

Chairman of Noritake Co. Ltd Japan Hitoshi Tanemura recently visited Sri Lanka in the company of Director / Managing Executive Officer of Noritake Co. Ltd Japan Kozo Kato. During this brief visit to Colombo, Mr. Tanemura met the company’s Colombo-based officials, including Deputy Chairman and Managing Director Noritake Lanka Porcelain Pvt Ltd (NLPL) Yoshinari Shimaya and top management officials and reviewed the progress and performance made by Noritake in Sri Lanka.

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Huawei unveils big ambitions with the 6-inch Ascend Mate7
15-September-2014

Huawei launched the Ascend Mate7 at Internationale Funkausstellung Berlin (IFA) 2014, featuring a big 6-inch screen with FHD display for enhanced entertainment viewing, a slimmer 7.9mm body for increased comfort, a more powerful octa-core chipset for superior performance, and a longer-lasting 4100 mAh battery. With new single-touch fingerprint technology and EMUI 3.0, Ascend Mate7 dials up the mobile experience to make it easier for users to live life to the fullest. Ascend Mate7 is the latest big-screen smartphone from Huawei as it showcased its big ambitions as the number three smartphone vendor in the world.

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CEAT sends three Sri Lankans to Singapore Grand Prix
15-September-2014

Three Sri Lankans have won themselves trackside seats, air travel and accommodation to be in the thick of the action at the 2014 Singapore night races, courtesy the country’s leading tyre brand CEAT. Ransiri Fernando, Jeremy McShane and Heshani Peris are the lucky winners of this amazing dream opportunity offered by CEAT via a promotion conducted on EFM in August, for CEAT radial tyres.

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M.D. Gunasena launches latest Malalasekera Dictionary
14-September-2014

The new edition of The Malalasekera Dictionary was launched at the Colombo International Book Fair which was launched recently. This Sixth Edition, has been extensively revised and greatly expanded by a panel of distinguished scholars - Professor Kusuma Karunaratne, Dr. Sadagomi Coperahewa and Dr. Lakshmi de Silva to meet the needs of a technologically advanced and computer literate public and is in par with all international dictionaries.

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Elpitiya Plantations salutes retired workers with elders’ home
14-September-2014

Elpitiya Plantations PLC will pay tribute to the valuable contribution of its retired workers of Dunsinane, Sheen, Fernlands, Meddecombra, New Peacock and Nayapane Estates by opening an elders’ home for them at Meddecombra Estate, complete with all amenities and built at a cost of over Rs 25 million. The elders’ home is a project undertaken by Elpitiya Plantations together with Fondation Abbe Pierre (a French donor agency)  and facilitated by  Programmes d'Aide et de Développement destinés aux Enfants du Monde (PADEM) of France.

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People’s Leasing clinches double gold at CNCI awards
14-September-2014

People’s Leasing & Finance PLC secured two gold awards at the CNCI Achiever of Industrial Excellence Awards - 2014. The first gold award was clinched by the company for national level ‘Extra Large Category’ service excellence. With this recognition PLC was included in the 10 elite CNCI companies of the year and thus clinched a second gold award.  

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24th edition of FACETS Sri Lanka 2014 a sparkling success
14-September-2014

The 24th edition of FACETS Sri Lanka 2014, the international gem and jewellery exhibition organised by the Sri Lanka Gem and Jewellery Association (SLGJA) ended in a high note. The event was very successful with over 150 stall holders including individual exhibitor pavilions from The National Gem and Jewellery Authority (NGJA) and an SME pavilion from the Sri Lanka Export Development Board (EDB).

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SriLankan Airlines marks its 35th anniversary with a blood donation campaign
13-September-2014

SriLankan Airlines, the national carrier of Sri Lanka, marked its 35th anniversary with a blood donation programme themed “Donate blood, save a life” organized by the Airline’s Medical Unit, recently. Held at the Airlines’ Medical Centre, Katunayake, the annual blood donation campaign was a great success with over one hundred employees taking part in it, despite their busy schedules.

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Holcim (Lanka) supports families in the North with construction skills training in partnership with UN-Habitat
13-September-2014

Holcim (Lanka) Ltd., a leading cement manufacturer in Sri Lanka, announced that it will be supporting the United Nations Human Settlements Programme (UN-Habitat) with its housing programme for conflict affected families in the Northern Province of Sri Lanka. The programme, which focuses primarily on improving construction skills of housing beneficiaries and local artisans, will span a period of 6-8 months. Implemented through Holcim’s Corporate Social Responsibility programme, this initiative is valued at more than 2 million Sri Lankan rupees.

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