TRILLIUM RESIDENCIES blossoms with new apartment wing

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CSE update : 22nd Feb 2011

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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

SriLankan Catering profits soar 40% to Rs.640mn

SriLankan Catering (Pvt) Ltd. has reported an impressive Net Profit of Rs. 640 million in the 9-month period up to 31st December 2010; a 40% increase over the same period in the previous year.  This excellent performance came despite the company registering an exchange loss of Rs. 160 million during the period due to the appreciation of the Sri Lankan rupee. The company also recently announced that it has plans to list 20 percent of equity

Bourse Recovered Despite the Holiday Blues….18th Feb 2011

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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.

LB Finance doubles profit

LB Finance recorded an income of Rs. 1.4 billion for the three months ended t December 31, 2010. This is an increase of 35% in income over the previous period of Rs 1.0 billion.  Profits after tax for the three months stood at Rs. 228 million up by 85% from Rs 123 million for the same period last year according to the interim results released.

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.

Hemas earnings up by 59.2%

Hemas PLC recorded a turnover of Rs 4.7 Billion for the quarter ending December 2010 with earnings of Rs 311 million. For the nine month period the company recorded earnings of Rs 900 million from a turnover of Rs 13.4 billion according to a review made by CEO Husein Eusafally.

Stock Market Saw a Major Correction….15th Feb 2011

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Renewed Foreign Interest ....14th Feb 2011

The All Share Price Index gained an impressive 225.2 points to close at 7,811.8 points (+3.0%), whilst the Milanka Price Index dipped  marginally to close at 7,248.8 points (-0.1%).

A Day in Red at CSE….09th Feb 2011

Normal 0 MicrosoftInternetExplorer4     The All Share Price Index dipped marginally to close at 7,377.4 points (-0.1%), whilst the Milanka Price Index gained marginally to close at 7,203.7 points (+0.1%).

Beleaguered Activity.. 08th Feb 2011

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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).

01st Feb 2011 Stock Market Update

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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.

Market ends in the red, despite strong activity levels 31st Jan 2011

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

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Bourse Ends in Red, Despite High Activity Levels..27th Jan 2011

The All Share Price Index dipped 30.7 points to close at 7,211.1 points (-0.4%), whilst the Milanka Price Index also dipped 25.0 points to close at 7,195.8 points (-0.3%).

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.

S&P downgrades Japan credit rating to AA

Standard & Poor's on Thursday lowered Japan's long-term sovereign credit rating to AA minus from AA, saying it expected the country's fiscal deficits to stay high in coming years

Hidden unemployment among skilled force labour in Sri Lanka-Buhne

The United Nation Resident and Humanitarian Coordinator in Sri Lanka, Neil Buhne yesterday said that though economic indicators showed there was development, a closer look at the employment of the labour force in Sri Lanka shows the unemployment of skilled labour in the country.

Mixed Sentiments... 21st Jan 2011

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Kenya and Sri Lanka sign air traffic deal

Kenya has opened the way for local airlines to launch direct flights to Colombo, Sri Lanka, after it signed a bilateral air services agreement that allows access to its skies

Strong and Positive.. 18th Jan 2011

The All Share Price Index gained 50.3 points to close at 7,058.3 points (+0.7%), whilst the Milanka Price Index edged up marginally to close at 7,248.2 points (+0.1%). The total turnover was LKR3,498.8 mn (USD31,543.5 k) vs.12-month average daily turnover of LKR2,490.4mn (USD22,452.2k) whilst the volume traded for the day was 190,534.9 k against the 12-month average daily volume of 85,990.0 k.

Lanka Orix Finance and ComBank in partnership to enhance customer services

Lanka Orix Finance Company Ltd. - a member of the LOLC Group- and Commercial Bank signed a trailblazer agreement to install Commercial Bank's ATM at identified branches of the LOLC Group.

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.

Major food crisis looming: Experts

Strong evidence have surfaced that Sri Lanka's agriculture sector and economy is likely to go through a rather tumultuous period marred by food and water shortages following the recent freaky climatic developments both locally and internationally, according to researchers and experts in the country.

Bourse opens the week in red…..17th Jan 2011

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