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SriLankan Holidays goes plush
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May 14 (CP) Colombo- SriLankan Holidays has gone platinum to woo discerning travelers to pamper their senses in some of the most luxurious hotel properties across their world. The Platinum holiday packages, the new premium range of holidays, will partner international five star and other luxury hotel chains in all the popular destinations.
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Quantum Tele-Shopping celebrates a decade's operations in Sri Lanka
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May 14 (CP) Colombo- Quantum Tele-Shopping, the country's leading Direct Response Television Company celebrates 10 successful years of operations in Sri Lanka this year. Founded by Nomal Wijeyaratne as DRTV Products (Pvt) Ltd in September 1998, Quantum Tele-Shopping is a fully owned Sri Lankan company.
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S Lankan shares fall for 4th day on earnings worry
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May 14 (Reuters) COLOMBO- Sri Lankan shares fell on Wednesday for a fourth day as expectations for earnings from companies remained downbeat because of high inflation, costlier borrowing costs and a troubling security situation.
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Hayleys MGT profit up 33% to US$ 5.8 million
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May 14 (CP) Colombo- New products and lean manufacturing combined to knit strong top and bottom line results in 2007-08 for Hayleys MGT Knitting Mills, Sri Lanka's largest manufacturer of polyester and polar fleece fabric.
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S.Lanka 91-day T-bill yield 17.55 pct at auction
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May 14 (Reuters) COLOMBO- Sri Lanka's Central Bank issued the following treasury bill auction results on Wednesday:
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Maxis to infuse regional expertise in Lankan operations
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May 13 (DN) Kuala Lumpur- Sri Lanka Telecom (SLT) stands to gain from the synergies of the Maxis Commmunications Group of Malaysia, with the acquisition of a market share of 42 percent by GTH, a subsidiary of the Usaha Tegas Group. Maxis CEO/Executive Director Sandip Das told a visiting media delegation here that Maxis is excited to be part of the new venture.
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'Box Office'- Dialog introduces low cost integrated communication
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May 12 (CP) Colombo- Dialog Broadband Networks recently introduced an integrated communication solution to local enterprises through the launch of 'Box Office'. This is the first time that such an integrated solution has been launched in Sri Lanka.
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M&S supplier opens eco-friendly factory
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May 12 (EC) MAS Holdings, lingerie supplier to UK retailer Marks and Spencer, announced the opening of MAS Intimates Thurulie in Sri Lanka as the first green production facility for lingerie. The factory aims to be carbon neutral, and will provide 10% of its total electricity with Sri Lanka’s biggest installation of solar panels.
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Sri Lankan Clothing Firms Invest in India
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May 12(BUSINESS WIRE) DUBLIN, Ireland- Research and Markets has announced the addition of Sri Lankan Clothing Firms Invest in India to their offering. Textiles and apparel are key manufacturing sectors in Sri Lanka. Between them they account for over 43% of the country’s total exports and for more than 56% of its industrial exports.
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FCCISL supports conflict affected livelihoods and micro businesses in border villages in Polonnaruwa
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May 14 (CP), Colombo: Ninety micro enterprises and livelihoods in bordering villages in Polonnaruwa district which have being badly affected as result of the conflict situation received a support package from FCCISL's Business for Peace Initiative (BPI) to reactivate their business/livelihood activities. Some of the beneficiaries were from worst affected villages such as Palliyagodella, Namalgama and Welikanda.
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Sri Lanka Market collapse continues at Colombo Stock Exchange
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May 14 (CP), Colombo: Declined interest of investors closed the indices negatively as All Share Price Index (ASPI) lost 5.99 points (0.23%) to close the day at 2607.90 while Milanka Price Index (MPI) dipped 18.01 points (0.57%) to end the day at 3161.73. Turnover for the day touched at Rs. 106.12 million.
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HP appoints Sinetcom as business partner in Sri Lanka
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May 14 (CP) Colombo- HP today announced the appointment of Sinetcom as its Sri Lanka distributor and business partner, primarily for its products, solutions and services under the HP Technology Solutions Group (TSG), which includes enterprise storage, servers, software and related offerings.
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Microsoft Sri Lanka rated 1st "Business Superbrand" in IT Sector
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May 14 (CP) Colombo- The Superbrands Organization, an independent authority that identifies and pays tribute to exceptional brands around the world, has accorded Microsoft Sri Lanka the Business Superbrand status in the IT sector.
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Colombo Dockyard wins Greatship orders
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May 14 ( Motor Ship) Sri Lanka's Colombo Dockyard, a unit of Japan's Onomichi and the country's sole listed shipbuilder, has won two new orders from Greatship (India), for bigger and more expensive vessels. Greatship is a wholly owned subsidiary of The Great Eastern Shipping Company.
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Alpha Orient Lanka serves an ACE
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May 13 (DFN) The company has launched a new customer service project aimed at turning customers into advocates at Colombo Bandaranaike airport Alpha Orient Lanka is to focus on customer service and staff training this year as part of a new project called ACE – Alpha Customer Experience.
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Sri Lanka - Colombo Stock market down in days trading
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May 12, Colombo: Negative sentiments kept indexes down as All Share Price Index (ASPI) lost 9.51 points (0.36%) to close the day at 2631.73 and Milanka Price Index (MPI) dipped 21.29 points (0.66%) to end the day at 3203.38. Turnover for the day registered at Rs. 110.04 Mn.
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Sri Lankan shares ease on earnings worry, rupee up
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May 12 (Reuters) COLOMBO- Sri Lankan shares dropped for a second day on Monday as investors braced for quarterly earnings results that could be hurt by runaway inflation, high interest rates and a troubled security situation. But the rupee climbed as expectations for foreign flows into newly opened up treasury bills encouraged exporters to cash in their dollar holdings.
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Sri Lanka a stepping stone to regional play: Pakistani broker
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May 12 (LBO) Sri Lanka's newest stockbroker, a unit of Pakistan's Arif Habib Securities Pakistan, is pinning its faith in the island's track record as a reform pioneer and openness to be a launching pad for regional expansion.
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