CASL supports Maharagama Cancer Hospital
The Staff Welfare Society of the Institute of Chartered Accountants
of Sri Lanka (CA Sri Lanka) recently made a financial contribution to
the Maharagama Cancer Hospital, from the proceeds of the Rhythm of the
70s musical show organised by the Society.
The cheque was presented to Head of the Counselling Unit of the
Maharagama Cancer Hospital and President of the Cancer Care Association
Dr. Samadhi Rajapaksa by the Chief Executive Officer of CA Sri Lanka,
LSE rights issue to raise almost £1b for US purchase
The London Stock Exchange is raising £938 million ($1.55 billion)
from shareholders in a rights issue to help fund a £1.6 billion
The LSE said in late June it was buying index compiler and asset
manager Frank Russell Company, from Northwestern Mutual.
The fully underwritten rights issue will be priced at £12.95 a share.
That is a 30.1% discount to Thursday's closing price of £20.05, which
valued the LSE at £5.46 billion.News of the rights issue sent LSE shares
down 1% to £19.86 in Friday morning trading. - BBC
Discussion on research investment framework
Minister of Technology and Research, Patali Champika Ranawaka will
address the National Chamber members on the proposed National Research
Development Investment Framework 2015-2020 at the National Chamber
Auditorium, D. R. Wijewardene Mawatha, Colombo -10 on September 5 from
10.30 a.m to 12.30 p.m.
The Framework was compiled by ten expert groups and was adopted by
scientists and engineers who attended the seventh Biennial Conference on
Science and Technology (BICOST -VII) at the Waters Edge, on July 7.
CBL clinches awards at NASCO 2014
Ceylon Biscuits Limited (CBL) bagged five awards including two Golds
at the National Sales Congress 2014 Awards (NASCO), organised by the Sri
Lanka Institute of Marketing (SLIM). The SLIM Sales Congress is held
annually to recognise excellence in sales personnel. According to SLIM
sources over 300 applications from a wide range of organisations were
received for this year's event. CBL's sales force, attained these
awards, classified under the Fast Moving Consumer Goods (FMCG) category.
CBL subsidiary, CBL Foods International (Pvt) Ltd, nominee Athula
Wellagiriya won Gold for Best Territory Manager of the Year, in the FMCG
Tharaka Ranwala wins award
DGM Tharaka Ranwala
Deputy General Manager, Marketing and Business Development, Sampath
Bank, Tharaka Ranwala has been awarded the ‘Marketing Professional of
the Year’ award at the Global Brands Excellence awards 2014 held
parallel to World Brand Congress 2014, in Singapore.
Ranwala, who is a professional banker and a marketing specialist,
clinched this award for his pioneering campaigns in the local banking
sector after surpassing more than 100 professionals around the world of
the same calibre. He has steered some of the prominent banking
initiatives of Sampath bank such as ‘Kalin Cash’, 'Sanhinda Saver’ and
the re-launch of their credit card.
Expolanka posts Rs 194 million PAT
Expolanka Holdings recorded a revenue of Rs. 12,388 million and a net
profit of Rs. 194 million for the first quarter of the financial year
2014/15. The net profit attributable to Equity holders of the Group was
Rs. 173 million compared to the Rs. 323 million recorded during the
corresponding period last year.
Group CEO and Executive Director, Expolanka Holdings PLC, Hanif
Yusoof said, “As a group we are at the threshold of a new and exciting
phase in our journey. During this quarter we finalised a strategic deal
with SG Holdings, Japan which acquired a controlling stake in the Group
amounting to 51. 43 percent.” “SG Holdings, a leading logistics company
in Japan has a robust presence in the Asian region and considerable
expertise in express services and transportation.
People's Bank provides drought relief
The People’s Bank provided relief to over 2,000 families severely
inconvenienced by the drought in the villages of Medirigiriya and
Welikanda in Polonnaruwa. Dry rations, bottles of drinking water and
water tanks were distributed among the people living in the worst
affected areas. The Deputy Minister of Land and Land Development
Siripala Gamalath, Roshan Ranasinghe MP, CEO and GM N. Vasantha Kumar
and a large number of corporate and executive management members, trade
union officials, members of voluntary societies and staff of the Bank
SLI presents schols to high-flyers
Sri Lanka Insurance (SLI) scholarship scheme awards ceremony was held
at the BMICH recently.
Over 300 scholarships were presented to achievers from 25 districts
who applied for the Suba Pathum scholarship.
Sri Lanka Insurance Life Suba Pathum scholarship scheme which
provides financial assistance to students who have excelled at the Grade
five scholarship exams, GCE (Ordinary Level), and GCE (Advanced Level)
Over three hundred top ranking students received scholarships.
The top four students from each district who excelled in the Grade
five scholarship examination received Rs 20,000 while the top four
district level ranking students of the GCE (Ordinary Level) received Rs
40,000 each and the top 100 students who excelled at national level at
the GCE (Advanced Level) examination comprising 25 top ranking students
each from the streams Bio, Mathematics, Commerce and Arts received Rs