Business

The Management Club (TMC) will be conducting another programme in a series of evening presentations on Wednesday 17 March at TMC Mount Lavinia, Berjaya Mount Royal Beach Hotel, commencing at 6.30 p.m.

In a world where one vehemently toils to instil equilibrium, one still battles day-in, day-out to succeed. 'Success' in the materialistic corporate world denotes competition and business hostility.

Having already constructed a stable foundation for its corporate and institutional banking business, Nations Trust Bank is now moving into the next phase of taking its inclusive and proactive corporate banking ethos, beyond the norm. 

Sanasa Development Bank Ltd. (SDBL) has performed well in 2009, recording a pre tax profit of Rs. 593 million, compared to 303 million in 2008, a growth of 96%.

The Sri Lanka Institute of Directors (SLID) recently conducted the 2nd of the six module series of their training programme on Corporate Stewardship and Board Room Governance.

Sri Lanka Tourism declared 2011 as 'Visit Sri Lanka Year,' in June last year.  Former Tourism Minister, Milinda Moragoda, took this forward-looking decision, well before Sri Lanka's return to normalcy following the end of the decades-long armed conflict in mid May 2009.

During the week the All Share Price Index (ASPI) increased by 20.67 points to close at 3844.84 points, whilst the Milanka Price Index (MPI) increased by 45.17 points to close at 4432.80 points. The daily average turnover was SLRs.1,257mn compared to SLRs.1,288mn last week and the week ended with foreign buying amounting to SLRs.716mn whilst foreign selling being SLRs.2,272mn.

Dialog Telekom, Sri Lanka's leading mobile communications provider,, announced the expansion of its unmatched roaming network spanning 550 Operators across 211 territories to include 14 International Airlines and 24 Cruise operators for in-cabin and ocean-based connectivity respectively.

The Central Bank has postponed the monetary policy review for March 2010 to 18th March from 16th march as previously announced. The Central Bank maintained its policy rates in previous monetary policy reviews in February and January.

The biggest gift Colombo has ever seen was unwrapped literally and symbolically on Thursday, 11th March, when Commercial Credit Limited, a Kandy-headquartered finance company ceremonially opened its office in the city with a pledge to bring a new paradigm in speed and rewards to customers.

The Central Bank of Sri Lanka registered Grameen Micro Credit Co. Ltd. as a Registered Finance Company under the Finance Company Act No. 78 of 1988 recently.

State owned People's Bank on Wednesday grabbed the award for best 'Service Brand of the Year' and 'Banking and Financing Brand of The Year' at Sri Lanka Institute of Marketing (SLIM) Neilson People's Awards.

The Sri Lanka share index hit a fresh all-time high in high volume trade on Friday led by local buying in hotel shares, but foreigners continued to exit the market, despite
post-war economic optimism.

Asian stocks fell on Thursday as investors fretted over tighter monetary policy in China on the back of strong loan growth and quickening inflation, while the yen struggled amid signs that Japan's economy may need more support.

Frostaire Limited introduces a free Auto Service Campaign providing professional attention to air conditioners in vehicles. The Frostaire free service campaign is held Monday to Friday from 8 am to 4.30 pm and on Saturdays from 8.30 am to 1 pm until 30th April 2010, and will be a good opportunity for vehicle owners who need their vehicle air conditioner units to be attended to.

Ceylinco Life will home deliver Rs. 1.39 billion in annual bonus payments to more than 290,000 policyholders from the surplus generated by its Life Fund in 2009, the country's life insurance leader announced yesterday.

The Colombo stock market ended 0.82 percent firmer ending its two straight losses. The All-Share Price Index gained 31.08 points or 0.82 percent to 3832.30, recovering after two-day dip. It hit a record high of 3,849.23 points on Monday.

The Browns Group posted a turnover of Rs 2.6 billion for the nine month period ending 31 December 2009. Group turnover recorded a 41% growth over the same period last year. Group profit stood little over Rs. 808 million for the above period.

Dankotuwa Porcelain introduced its new Duo shape in white porcelain at the Ambiente fair last month. The new shape was designed by Prof. Wolf Karnagel, the famous tableware shape designer of Germany.

Prof Karnagel has designed two other shapes for Dankotuwa earlier and both have been very popular.

A Malaysian firm is setting up a modern plant to manufacture motor cycles for export with an investment of US$ 16 million. The venture by Demak Manufacturing Lanka Ltd., received the Board of Investment (BOI) approval this week.