Cinnamon Lakeside Colombo Triumphs at SL Tourism Awards 2010

Cinnamon Lakeside Colombo grabs the coveted Best Five Star City Hotel Award at the Sri Lanka Tourism Awards 2010.  Tourist hotels were evaluated on their contribution to the tourism industry in Sri Lanka, effectiveness of business strategies, product quality, professional development of staff, sustainability, innovation and financial viability amongst other criteria. The independent panel of [...]

Manju’s Back Out: Under Duress Or An Admission Of Guilt?

MANJU Wanniarachchi’s retirement last week isn’t surprising; at 31, a boxer’s retirement is imminent anyway, that’s if he hasn’t already called it a day. After 15 years, eleven as an international boxer, the shelf life of Wanniarachchi’s career was clearly near to expiry – so, you’d have to say that his retirement was in the [...]

Sri Lanka Tennis – Setting The Record Straight

Having read the damaging and misleading articles published by a journalist attached to a certain newspaper in the last couple of months, I feel that I have to put the record straight on the issues he has dealt with as I was part of the SLTA committee under Mr. Suresh Subramaniam’s tenure. The so called [...]

Dis & Dat

Lack Of Awareness A senior member of the current administration has admitted that the government failed to educate workers on the proposed pension scheme for the private sector. Economic Development Minister Basil Rajapaksa said last week the government has now decided to carry out a campaign to raise awareness about the pension scheme. He made [...]

Company Results

Agalawatte PAT Up 237% Agalawatte Plantations plc in the 1Q ended March 31, 2011 saw net profits increase by 236.62% YoY to Rs. 121.44 million. Annualised EPS Rs. 19.43, PE times (on annualized EPS): 4.76, PBV times: 2.86. “Over two fold growth in GP from the rubber segment drive group earnings.” – Cargo Boat PAT [...]

SLIIT Shines At Invitation University Badminton Championships

The Sri Lanka Institute of Information Technology (SLIIT) recently played host to the Invitation Inter University Badminton Championship 2011, which was held at the Institutes Malabe Campus. Eight Badminton teams from the University of Colombo, University of Peradeniya, University of Moratuwa, University of Sri Jayawardenepura and Kothalawala Defense University participated in this tournament. SLIIT emerged [...]

Cook, Trott Reprise Ashes Form To Leave England In Control Against Lanka

England vs Sri Lanka First Test at Cardiff By Dion Michael Alastair Cook and Jonathan Trott both reprised their prolific batting form of the Ashes series to keep England firmly in control in the first test against Sri Lanka at Cardiff on Saturday. The duo struck a century each and had put on 221 runs [...]

Bangla Partner Feted

Chevron Lubricants Lanka PLC, Caltex branded Lubricants in Sri Lanka marketer, recently felicitated their Bangladeshi distributor on reaching the five year milestone of successful partnership. Navana Group Chairman Shafiul Islam received a special award to mark the occasion at Chevron Lubricants’ Annual Awards Night held recently at a leading hotel in Colombo. The Navana Group [...]

Hayleys Makes Rs. 1.2 Bn. PAT

Hayleys PLC reported a Rs 54.4 billion turnover and Rs 2.1 billion profit before tax for the 12 months ended March 31, 2011 and Rs. 1.2 billion profit after, a year in which strong performances in most business sectors were recorded. The Blue Chip conglomerate’s businesses in Agriculture, Plantations, Consumer Products and Transportation turned in [...]

Pinus And Eucalyptus Trees Replaced While Elephants Are Renamed For Respect

By Ashwin Hemmathagama Parliament Correspondent Identifying the serious impact on watershed/ catchment areas, the Ministry of Environment has launched a programme to replace eucalyptus and pinus cultivations with endemic plants under the Indigenous Tree Canopy Programme (Hela Thuru Viyana). Minister of Environment Anura Priydharshana Yapa in response to a question for oral answers revealed that  [...]

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