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| Tuesday, 5 August 2003 |
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Business in brief Indices down, turnover up The Colombo Bourse's indices fell as the ASPI decreased to 1,046.1 points from 1,050.1 and the Milanka Price Index to 2,025.7 points from 2,038. The turnover was Rs. 216.7 million. Among the most traded stocks were Commercial Bank, DFCC, Grain Elevators, JKH, NDB, NDB Bank and Telecom. Commercial Bank announced two right issues: 1 for 4 voting (issue price Rs.140) and 1 for 4 non voting (issue price Rs. 95). The top five gainers were Vanik Incorp, Equity Two Ltd, Hotel Services and Ceylinco Housing. Packaging for export The Ceylon Chamber of Commerce in collaboration with Fair Trade Assistance, the Netherlands and the Exporters' Association of Sri Lanka will hold a two-day workshop on Packaging for Export on August 22 and 23 at the JAIC Hilton Tower. Exporters, manufacturers and all those involved in the actual packing process in an organisation, would benefit from this workshop. The workshop is especially directed towards organisations operating in industries such as home decorations, gifts, toys, ceramics, coir, other handicraft items and processed foods. Ms. Inge op ten Berg of the Netherlands and John Hinton of the United Kingdom, consultants to Fair Trade Assistance, and the resource personnel at this workshop, will conduct discussions on packing chains, risks andstress in transport, costs of packing, methods, materials and packing lists. Nivasiepura welcomes its 200th resident Nivasiepura, a picturesque large residential development in Ekala, Ja-ela recently welcomed its 200th family into residence. The Kahandawala family moved into a Rs 1.8 million Golden Oriole house, comprising three bedrooms, tiled bathroom, living and dining area, pantry, garage and courtyard. The fully-detached house is set in a spacious landscaped garden, enclosed with boundary walls and gate. "The project which on completion will comprise 1,200 houses, has already sold more than 50 per cent of the homes," said Panduka Weerasingha, Marketing Manager of Nivasie Developers, the promoters of Nivasiepura. "Our target market comprises middle and upper-middle income families, who are looking for a comfortable home as well as a healthy lifestyle," he said. Nivasiepura offers five different models of houses, all named after birds, with prices ranging from Rs 1.3 million to Rs 3.2 million. The houses are supported by a host of recreational and infrastructural facilities. Encompassing 114 acres of landscaped and developed real estate, Nivasiepura is a green city, with lakes, lawns, winding green belts and parks. "The fresh air and tranquil resort like ambience are key attractions at Nivasiepura," Weerasingha added. Facilities at the site include paved roads, electricity, uninterrupted water supply, telephones, a fully maintained central drainage and sewerage treatment plant, as well as a custom-built bus stand, supermarket, day-care centre, swimming pool, gymnasium, jogging tracks, children's park and a banquet hall. Nivasie Developers (Pvt) Ltd., is a fully owned subsidiary of the International Construction Consortium Ltd., (ICC), one of the leading construction companies in Sri Lanka. Surath Wickremasinghe Associates are the architects for the project. LIBM to host top corporate leaders LIBM Campus, a dedicated professional institute for business studies will be hosting the top corporate leaders of the private and public sector to introduce their first batch of students on August 6 at the Trans Asia Hotel. One of the key features of their curriculum is that it offers a comprehensive Personality Development program, under the guidance of two renowned resource personnel from the private sector to improve student's inter personal skills, attitudes and creativity which are prerequisites of the modern business world. It also includes an internship program to provide students with the practical exposure that they need to be successful in the job market. "Our vision is to develop appropriate human resources to suit the world of work, while maintaining the academic excellence to enable higher value addition towards national development," said Aruna Rajamanthri, Chairman of LIBM campus. Currently the LIBM campus student body exceeds 1,500 students, which is a 400% growth from the 2002/2003 academic year. |
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