|
|
 |
 |
| Sunday, 14 December 2003 |
 |
|
 |
Business |  |
| News Business Features Editorial
|
SriLankan Airlines achieving a high level of punctuality SriLankan Airlines is achieving a level of punctuality that is measuring up to the highest standards in the international aviation industry, the result of a strategy aimed at identifying and eliminating causes for delays. The airline began concentrating on improving its punctuality with the formation of a Punctuality Improvement Committee (PIC, in August 1999, and has since seen a steady improvement. The PIC meets daily at noon to investigate the causes of any delays, perusing reports of all officials who handled each flight, and pinpointing the cause of the delays at any international airport to which SriLankan flies. "This year, SriLankan has been consistently averaging nearly 90% punctuality in flights departing within 15 minutes of their scheduled times," said Sampath Perera, Manager PIC, Recruitment & Emergency Response Planning. This is an excellent standard for any airline, especially when one considers that SriLankan has been expanding its route network rapidly, flying more aircraft more frequently to more destinations.' ############## Asian Paints voted one of Forbes 'Best under a Billion companies' Asian Paints, the India-based multinational with extensive operating interests in the Asian, African, Middle Eastern regions including Sri Lanka, has become the only paint company in the world to be listed in The Forbes Global '200 Best under a Billion dollar' companies in the world for 2003. Forbes magazine is among the world's leading business magazines and considered the most trusted information resource for the world's business and investment leaders. Around 19,000 companies outside the USA were scrutinized on profitability, earnings and sales growth. Forbes Global spoke to fund managers, analysts and industry watchers to spot the 200 best companies with brief operating histories but promising futures. All these corporations have revenues below USD 1 Billion. Commenting on this recognition, Mr. Ashwin Dani, Vice Chairman and Managing Director, Asian Paints (India) Limited said: "We are delighted to be awarded this recognition for the second consecutive year from a magazine of such high repute and particularly happy to be the only paint company on the list." ############# Seylan Bank debenture issue oversubscribed Seylan Bank announced last week that its debenture issue, which opened on November 28, was oversubscribed on December 11. The issue comprised 15 million unsecured subordinated redeemable listed debentures of five-year maturity, issued at a par value of Rs 100 each and amounting to a total value of Rs 1.5 billion. The first tranche, comprising 10 million debentures worth one billion rupees, was oversubscribed within a week of opening, on December 2. It was then extended by a further five million debentures amounting to Rs 500 million. ########### Trade exhibition and carnival The IDA Trade Exhibition and Christmas Carnival will be held from December 18-21 at Kiribathgoda. It is organised by the Industrial Development Authority (IDA) of the Western Province under the guidance of the Ministers of Industries, Tourism, Fisheries and Social Services of the Western Province. There will be 200 stalls representing the government and private sectors. The event will offer a different experience for every visitor, said the main organiser, Ranjan Guruge, an IDA Consultant. The main objective of organising the exhibition and carnival is to promote micro and self-employment projects by giving entrepreneurs an opportunity to showcase their products and services to the masses. Guruge said industries registered with the IDA will receive a 30 per cent discount when reserving stalls while groups of 10 industries can also enjoy the same benefits. ############ Free medical camps for Ceylinco Life policyholders Ceylinco Life is offering free medical check-ups in their own towns and villages to all its life policy holders as an added benefit. A panel of doctors will assist the implementation of the programme Ceylinco Life Vaidya Hamuwa at selected branch offices of the company. Every policyholder who attends the check-up will be provided with a medical report and the company is also in the process of negotiating with diagnostic laboratories and pharmacies to obtain discounts. ############# Cathay Pacific flies to Beijing Cathay Pacific Airways recently celebrated its first flight to Beijing in 13 years. Flight CX318 departed Hong Kong on schedule at 5.50 p.m. local time. The flight's arrival marked an important milestone in Cathay Pacific's ongoing work to strengthen Hong Kong as a global hub and gateway to the Chinese Mainland and to enhance the flow of business and tourist traffic to and from Beijing by offering single-carrier through services to the Chinese Mainland. ################# Providing total logistics solutions TransCargo Pvt Ltd, an associate company of the ABC Group, has been managing global transport and logistics solutions since 1990. The ABC Group is strongly positioned to offer total solutions to its markets covering 70 countries with 100 ports in all continents. Its main customer base is segmented to many trade lanes spanning the USA, Russia, Gulf and Far East, a company spokesman said. TransCargo, with its associate companies, has integrated all group activities to be a leading player in the market, providing total logistics in warehousing, sorting, transporting and packing. The company merged with its principal global partner WFG. The group has a staff of more than 500. The company has seen growth in bulk shipments and consolidation cargo in both sea and air cargo. TransCargo's Packing Department was upgraded by locating to larger warehouse premises in the heart of Colombo. The latest addition to the ABC Group is the TransCargo relocations arm for personal cargo, where the belongings of customers and expatriates are packed, stored and attended to personally, said the spokesman. |
|
News | Business | Features
| Editorial | Security Produced by Lake House |
