Sri Lanka sees the emergence of a batting star at Lords, England

A match winning century by Dinesh Chandimal helped Sri Lanka defeat England by six wickets in the 3rd One day match of the ongoing Natwest Series played on Sunday at Lords.
England batting first scored 246 runs for the loss of 7 wickets with skipper Alistair Cook putting on 119.

Lasith Malinga, Suranga Lakmal and Jeevan Mendis [...]

Editor’s week

•   Petrol quality

A large number of motorists across the island were into a shock during the concluded week as suddenly their moving vehicles got stuck in the middle of the road.
The reason found was, the petrol pumped into their vehicles.

It was revealed a specific “90 Octane” petrol stock, released from the Kollannawa Storage Terminal [...]

Peoples Bank turns 50

Peoples Bank one of the state banking giants marked 50 years of operation during last Friday.
A special ceremony to mark the occasion was held in Colombo with the participation of President Mahinda Rajapaksa.
The event the saw the releasing of a special coin minted to celebrate 50 years of Peoples Bank history.
A First Day Cover was [...]

Post recession restoration to help Dockyard

A Stockbroker analysis on the Colombo Dockyard says post recession restoration of countries who seek services from the ship builder will help the company to grow volumes in the future.
BMS which has conducted a ‘Equity Research Report” on the shipbuilder says the company’s 2011 financial year’s revenue will reach Rs. 17.08 billion from Rs. 14.05 [...]

Sri Lanka dissolves its Cricket interim committee

Sri Lanka Cricket interim committee has been dissolved by the Government.
SLC media manager Brian Thomas has told the Daily mail: ‘The board has been dissolved, that is a fact”.
The dissolving of Sri Lanka Cricket comes amidst an announcement by the International Cricket Council, earlier this week that within the next 12 moths, the member boards [...]

Vallibel One IPO allocates more shares to retail investors

Vallibel One IPO has allotted 9.8 million shares to Retail investors while the Non Retail Investors will receive 8.54 million shares.
Employees of the firm have been allotted 2.13 million shares while the Unit Trust investors are given 800,000 shares.
According to the basis of allotment, retail investors who have applied for more than 100 shares of [...]

Browns Investments announces share allotment basis

Retail investors, who have applied up to 1001 shares of the Browns Investments IPO, will be allotted the full 100% that they have applied for.
While the ones who have applied for shares in between 1,001 to 20,000, the allocation will go as 1000 shares plus 21.84% of the balance shares applied.
The Non Retail investors who [...]

John Keells Hotels appoints a new board member

John Keells Hotels PLC has appointed Sunimal Senanayake, an experienced hotelier as one of its Board Directors.
This appointment is effective from today the 1st of July.
Senanayake is currently holding the position of Executive Vice President and Head of the Maldivian Resorts Sector at JKH.
He is also a member of the John Keells Group Operating Committee.
Senanayake [...]

NTB to expand to outstation economic hubs, capture SME segment

By: Prasanna C. Rodrigo
CEO of the Nations Trust Bank, Saliya Rajakaruna, says his Bank will extend its Branch network to 50 from the current 43 before the end of this year, as a part of its 3 year strategy to win new customers from across the Island.
He says, NTB which recorded a pretax profit of [...]

A 62 year old Sri Lankan design teacher gains fame in Australia

A 62-YEAR-OLD Sri Lankan design teacher is not your average TV cult hero.
But MasterChef’s Kumar Periera finds himself struggling with the after-effects of his newfound fame after getting the chop in last night’s terrine challenge.
“It’s the recognition,” Periera told news.com.au. “You’re kind of suddenly vulnerable and exposed.
“I really can’t go anywhere and being the colour [...]