|
|
 |
 |
 |
| Friday, 5 December 2003 |
 |
|
 |
Business | |
| News Business Features Editorial Security Politics World Letters Sports Obituaries
|
Business in brief Lull in stock trading continues The Indices at the Colombo Bourse dropped further down yesterday with the All Share Price Index coming down to 1,111.6 points from 1,138.9. The Milanka Price Index dropped to 1,998.4 points from 2,050.5 points. According to market analysts, the traders continue to show lees enthusiasm in trading as nothing positive has come out from the consensus deal. Turnover for the day was Rs. 158, 127,012 million. Domestic purchase for the day was Rs. 2,594 million while foreign purchases were Rs. 75 million. The day's largest contributors were SLT, Nations Trust, Colombo Land, Asian Hotels and Blue Diamonds. Yesterday's top five gainers were Pegasus Hotels, Richard Pieris, Cargills, ACME and Tea Small Holder. Seylan Bank 'Tikiri Promotion' Seylan Bank Ltd., has planned to have a Tikiri fun hour at Galle Face Green on December 6 (Saturday) starting at 4.00 p.m. This will be a fun filled evening, where the kids will be gifted presents. This evening is for children who are below 15 years to open new "Tikiri" accounts and for new deposits. Every child who deposits Rs. 500 will get an imported kite. A Tikiri umbrella for Rs. 1,000 for Rs. 5,000 a Tikiri cap with above two gifts. Deposits above Rs. 10,000.00 will be entitled to a Tikiri gift voucher of Rs. 250'. All gifts are in addition to the normal Tikiri gifts scheme. Ceylinco Life grants for policyholders' children Eight children who each lost a parent have been assured of support to continue their education for the next three years with the provision of monthly cash grants by Ceylinco Life. These educational grants were presented to these children in addition to the claims paid to the spouse of the deceased policyholders, were made under Ceylinco Life's 'Aloka' scheme launched in August this year. The 'Ceylinco Aloka educational fund' will pay Rs 54,000 in 36 equal monthly instalments to each of these eight children who are currently undergoing primary and secondary education. The recipients of these voluntary grants were Shashika Priyankara of St. Luke's College Ratnapura, Sandani Nisansala Guneratne of Rambuka Maha Vidyalaya, Ratnapura, S G Chatuni Senali Samaraweera of Thimbolketiya Maha Vidayalaya, Udawalawe, K Prashanthi of Norwood Tamil Maha Vidyalaya, Hatton, Anton Vinod and Francis Azis of Raigamwatte Tamil Maha Vidyalaya, Ingiriya, P M Sineli Dileka of St. Bridget's Convent, Colombo, and Isuru Kaushalya of Walagamba Maha Vidyalaya, Minuwangoda. The special payments were made to the children based on the appeals submitted by the spouse of the policyholder or the guardian of the children. CIM elects executive committee The Chartered Institute of Marketing, Sri Lanka Branch held its annual general meeting recently and appointed a new Executive Committee to manage the branch activities for the ensuing year. A fellow of the Institute and a Chartered Marketer Lasantha Wickremesooriya is continuing for the second successive year as Chairman. Wickremesooriya is Director - Agriculture of Brown Co. Ltd., Country Manager of GE Medical Systems Suren Rajanathan, was elected Senior Vice Chairman Marketing Manager of Coca Cola Far East Ltd., Lakshman Peiris was appointed Vice Chairman, General Manager - Precision Tech Services Shiraz Latiff will function as the Secretary and Financial controller of Linea Aqua, Viren Wijesinghe is the Treasurer. From the Committee, five members are process team leaders; Roshani Cooray, education liaison officer, Ameer Ahamed, team leader for diplomates development; Rasika Wickramatunga, and team leader for membership development; Rohantha Athukorala, team leader for public relations; and Sanjika Perera, team leader for networking. Other Members of the Executive Committee are Yohan Binthara Amith, Ravi Wijenaike, Ms. Chithrangani Herat Gunaratne, Sajith Premasiri and Dhananjeya Wanninayaka. Negotiations to re-open Kabool Lanka Industries Minister Rohitha Bogollagama is negotiating with an Israel investor to re-open the Kabool Lanka factory in Thulhiriya. This factory was closed for nearly one year since the foreign management who was running it had abandoned it. There are over 3200 employees and they have not been paid for along time. The Minister said that an Israel investor is keen on opening a Denim fabric manufacturing plant at the 22-acre complex. "However the equipment used at the factory is not suitable for the investors new project and this has caused the delay," he said. The Minister said that he objected to the Korean management taking over the factory in 1997 since he felt even at that time that it was not a feasible investment. "With the taking over of this factory fabric manufacturing plants in Sri Lanka were faced with severe hardships since the then government granted Kabool Lanka the import of duty free fabrics," he said. He said that manufacture of local fabrics has now become a major problem and he is taking a personal interest to settle this dispute. (SS) |
|
News | Business | Features
| Editorial | Security
Produced by Lake House |
