Advertorial

Pathum Vimana prizes galore

“PATHUM VIMANA”, Sri Lanka’s favourite deposit draw is stronger than ever offering the most spectacular prizes and amazing opportunities that is guaranteed to change your life.

This years “Pathum Vimana” scheme amounts to Rs. 100 million and is structured to offer regular prizes to customers which increases their chances of winning. Prizes include Suzuki Swifts which are won every two weeks.

Monthly branch draws include gold coins and wrist watches. Luxury house worth Rs.15 million or cash, a

 Toyota Camry worth Rs. 9 million, year end premium draw that includes a majestic Mercedes Benz worth Rs. 20 million and many more valuable prizes are on line.

Any account holder is eligible for the Grand Draw, Suzuki Swift Draws and branch draws by maintaining a minimum balance of Rs. 10,000/- in a savings account or “Singithi Account” or by maintaining Rs. 5,000/- in a current account for a minimum period of one calendar month immediately prior to the respective draws.

In order to be eligible for the premium draw, an account holder must maintain a balance of Rs. 100,000/- in a Savings or “Singithi Account” or maintain Rs. 50,000/- in a current account for a minimum period of one calendar month immediately prior to the draw. Another special feature is that all qualifying account holders are entitled to multiple chances at the draws.

The number of chances however depends on the amount in the respective account and the period during which the amount has been maintained in the account.

Customers who have not entered for the “Pathum Vimana” draw are still not too late as they can make the required deposit and become eligible to win prizes.

Those who have already entered can increase their chances of winning by increasing their existing deposits, as there are only a few more months for our grand draw. “Pathum Vimana 2007” has already announced 5 lucky winners of the Suzuki Swift Cars which are awarded every two weeks.

In addition to this, another set of 5 lucky winners were also awarded with Suzuki Swifts. The lucky winners are A.S.M. Naiser of Hulftsdorp Customer Centre, M.J.M. Dinaff of Negombo Customer Centre, P.B. Silva of Dankotuwa Customer Centre, Mr. M.K.M.S. Perera of Kottawa Customer Centre and Miss H. Dasin of Horana Customer Centre.

Excellent demand for John Keells low growns

Stronger demand prevailed at Ex-estate sale for the 0.7 Mkgs of teas on offer. Both BOPs and BOPFs in the Western High Grown category registered price gains of Rs.15/- to Rs.20/- and more at times.

A number of well made invoices sold above Rs.300/- whilst the gap for the below best and plainer types particularly for BOPFs were marginal. Nuwara Eliya BOPs however continued to be less sought after with a fair number of invoices once again remaining unsold.

BOPFs on the other hand gained Rs.10/- to Rs.15/-. With limited seasonal teas on offer, Uva BOPs and BOPFs were irregular following quality, with the better teas continuing to sell well on special inquiry.

High and medium grown PF1s were of a strong market with many teas registering price gains of Rs.15/- to Rs.20/-. Low Growns too were dearer but to a less extent. Brokens too met with a dearer market.

The 3 Mkg of Low Growns that came under the hammer this week met with excellent demand. In the Leafy category select best BOP1s gained sharply. Others too met with a dearer market. OP1s too advanced with steep price increases.

Shotty Pekoes advanced Rs. 20/- to Rs. 30/-, whilst the bolder varieties too saw better demand. OP/OPAs which were only marginally dearer at the commencement gained as the sale progressed and were Rs.10/- to Rs. 15/- dearer by the close.

In the Small leaf category too prices for the bulk of grades on offer gained sharply, particularly for the tippy varieties. All in all it was an excellent sale for the Low Growns. There was very good demand from Iran, Russia and Turkey, whilst Jordan, Dubai, Syria, Saudi Arabia and other Middle Eastern markets also lent useful support.

The low grown sale average at the sale of September 11 increased to Rs.311.90 and considering the price levels this week the average is bound to reach atleast Rs.320/-. Latest reports indicate the crop intakes from most Low Grown planting districts have been rather low.

MBSL seminar on New Companies Act

Merchant Bank of Sri Lanka PLC (MBSL) has organised an evening seminar for the third consecutive time on “Practical Aspects of the New Companies Act No. 7 of 2007” which will be held at King’s Court of Hotel Trans Asia on October 2.

The speakers are President’s Counsel, Member-Law Commission of Sri Lanka, Former Chairman-Advisory Commission on Company Law K. Kanag-Isvaran, Management Consultant, Former Member-Advisory Commission on Company Law, Nihal Sri Ameresekere and President’s Counsel, Member Advisory Commission on Company Law, Member - Law Commission of Sri Lanka Dr. Harsha Cabral.

The New Companies Act formed in-line with the International Company Law came into operation with effect from May 03.

It has introduced several significant changes to our Company legislation. The new Act also promotes better corporate governance and protects the rights of the minority shareholders. The Director’s duties being catalogued in a statutory form for the first time in Sri Lanka in the New Companies Act No. 7 of 2007 is a revolutionary step forward in the corporate arena, a press release states.

Some of the key topics of interests such as Evolution Process of the New Companies Act. Necessity for the introduction of the New Act, the Legal Concepts and Salient Features including Financial Implications under the New Act, Declaration of Stock Dividends and Share Splits, Shareholders’ Protection/Rights, the Duties and Responsibilities of Directors/Secretaries under the new Act, etc. will be focused at this seminar by speakers who are well experienced in the practical aspects relating to the subject areas followed by an interactive panel discussion at the end of the session.

Clogard cheers for cricket with Jayagosa Nangva

CLOGARD takes great pride in being truly Sri Lankan and this Septembera and October is taking the cheers of a cricket-mad nation to the Sri Lankan cricket team in the prelude to their encounter with Australia in November this year.

The cry of “Jayagosa Nangva, Clogard Lanka” will ring across the nation in days to come as Clogard travels across the island to collect cheers for the Sri Lankan cricket team.

Leading Clogard on will be Lasith Malinga who wowed audiences world over with his prowess on the cricketing field in the last cricket world cup.

CEO Hemas Holdings Hussein Esufally, notes, “as one of the flagship brands of Hemas, Clogard aspires to be a catalyst for all Sri Lankans to drive forward positive thoughts and encouragement as one nation, to boost the moral of our national cricket team as they prepare to face world champions Australia.”

The Clogard Lanka vehicle will be going from town to town collecting cheers and spreading the cheer fever island wide. Fans can also submit their cheers through SMSs or post in their own cheering material.

As a fitting finale, a convoy of special cheers buses carrying the cheers collected by the people of Sri Lanka will travel with much fanfare to Lasith Malinga’s hometown Galle where he will accept the cheers on behalf of the Sri Lankan cricket team.

Lasith says he is excited to be part of this campaign by Clogard and looks forward to meeting cricket fans and taking their wishes to his team. He also calls on all cricket loving Sri Lankans to be part of this campaign and make their voices heard as a collective, cheering Sri Lanka.

Break your fast at Sheetal Samudra

SHEETAL SAMUDRA the well known authentic Indian Restaurant is having a well laid out Iftar for all the Muslims engaged in the holy Ramadan fast this year.

The holy month of Ramadan is a month of blessing marked by prayer, fasting and charity. More than a billion of Muslims around the world take part in this sacred ritual every year.

F & B Manager of Sheetal Samudra Muneesh Sharma said, “Our Iftar spread is open from 5.00 p.m. onwards and it covers all the traditional foods such as fresh fruits, faludas, dates, Kanjee, breads and many other items.

“In addition to the food items, we have also arranged a prayer room for patrons to engage in their evening prayers,” he said.