21f29lzd987bqwr5peix Gossip 

People’s Bank Colombo Outer Region – overall athletic champions at People’s Bank sports meet

People’s Bank annual sports meet organized by the People’s Bank Sport Club, was recently concluded at the Vincent Dias Grounds, Badulla.The sports meet was held in the aim of encouraging sportsmanship, unity and mutual understanding among the team members through sports. A large number of staff members representing every region participated in this event.The athletic championship was won by the Colombo Outer Region while the Badulla and Kandy regions were placed runners up. The Football Championship was won by the Gampaha region, whilst the Volleyball championship was won by Puttalam…

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6 News 

Budget 2017-impact on sectors

•Requests for a license, permit or permission from government agency is deemed to have been granted, if no reply is received within 10 working days –Positive•Introduce laws which give Public Limited Companies freehold right of land–Positive•75% waiver on PAL when importing High Tec, automated machinery &equipment–Positive•Mandatory for all companies with more than 500 employees to establish Child Care Centers. -Negative•Aim to reduce the interest cost by at least LKR 90Bn. Domestic interest rates to decrease by at least 1.5%.-Positive•Rent out government sector assets that are not being utilized fully to…

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250689-nightlife News 

Turnover slumps to Rs. 110 mn. indices marginally down

Turnover slumped to Rs. 110.5 million on the Colombo bourse yesterday, one of the lowest in recent times, down from the previous day’s Rs. 517 million, with the indices marginally down – the ASPI by 1.16 points (0.02%) and S&P SL20 by 1.99 points (0.0.6%) with 73 gainers behind 90 losers while 162 counters closed flat.”There was nothing exciting whatever with trading hours too cut short by an hour between 11.30 a.m. and 12.30 p.m. to test a back-up installed in cases of a system disaster,” a broker said. “There…

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250689-nightlife News 

Softserve implements Microsoft Dynamics NAV2016 for Puwakaramba Group in record time

Softserve (Pvt) Ltd, a company that focuses primarily on Microsoft Dynamics as its core product deployment, successfully delivered the Microsoft Dynamics NAV 2016 ERP system at Puwakaramba Group of Companies in a record time of three months. The family-owned Puwakaramba Group (PGC) comprises five companies, namely Puwakaramba Agencies, TPS International, PGC Marketing, Metro Auto Mart and PA Manufacturers. The company is best known for imported building materials, sanitary ware and hardware items as well as manufacturing stainless steel kitchen sinks for distribution in the local market through its island wide…

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Supported by the European Union, UNOPS & WHO help hospitals in better waste management

With the expansion of the country’s healthcare sector, appropriate medical waste disposal has become essential. Improper disposal of medical waste poses a significant health risk to people managing the waste and the general public while raising environmental concerns. In preparing remote hospitals to deal with this problem and adopt alternatives to incineration, the United Nations Office for Project Services (UNOPS) and the World Health Organization (WHO) partnered in the Batticaloa District to support health care waste management at the Valaichchenai Base Hospital. This initiative has also benefitted staff from other…

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Lotus powers towards a Green Lanka

Lotus Renewable Energy Private Ltd., (LREP) is in talks with energy funds, financial institutions and family offices and like minded overseas investors in Sri Lanka to get them to power Sri Lanka into a more prosperous, cleaner, greener future.As a Green Energy Company, Lotus is planning to contribute 5% of Sri Lanka’s power generation through greener energy by 2022, and increase the amount incrementally to 10% by end 2030. Lotus needs Rs. 20 billion to meet its objective.Lotus says that it is looking for opportunities to invest in the renewable…

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21f29lzd987bqwr5peix News 

Bourse breaks free of 8-day losing streak

The Colombo bourse yesterday broke free of its losing streak after eight consecutive trading sessions with the All Share Price Index gaining a modest 10.60 points (0.17%) and S&P SL20 up 10.48 points (0.30%) on a turnover of Rs. 517 million, up from the previous day’s Rs. 284.7 million, with 87 losers ahead of 80 gainers.”There was a sharp upward movement in the last few minutes of trading before the market closed,” a broker said. “Turnover topping Rs. 500 million was something in the context of what we have seen…

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Student and teacher empowerment receives boost at Bett Asia 2016

  By Lynn Ockersz, recently in Kuala Lumpur, MalaysiaEnhancing teacher skills and adding to student capabilities, through innovative IT solutions, were among the laudable aims of the well known Microsoft-partnered Bett Asia Leadership Summit which was held in an exhilarating atmosphere of learning and knowledge-sharing in Kuala Limpur, Malaysia, on November 15 and 16. The event was held at the Mandarin Oriental Hotel, Kuala Lumpur.Conducted on the theme ‘Educating for Global Citizenship’, Summit participants and relevant stakeholders from the Asian region and beyond were afforded the opportunity of listening to…

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‘Dollar to hit AUD 160 mark in 2017 in the absence of economic reforms’

“The appreciation of the US dollar against the rupee is not due to any domestic issue because the US dollar is now appreciating internationally. This has a ripple effect for the entire world, a top economist told The Island Financial Review yesterday.’The Australian dollar is expected to weaken further; it would touch more than AUD 1.7 to the US dollar level next year, if the government fails to undertake fundamental economic reforms in a proper manner. Further, the balance of payment pressures coupled with external issues are making the situation…

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5 News 

Oracle Cloud conducts 50bn transactions per day Supports over 27 million users

Oracle Cloud today conducts 50 billion transactions per day supporting 27+ million users. It runs in 19 strategic data centers around the world, Christopher G. Chelliah, group vice president and chief architect core technology and Cloud –Asia Pacific told The Island Financial Review recently.Oracle had recently organized an Oracle Cloud Day in Sri Lanka to help its customers get insight from the industry experts as to how Oracle Cloud will enable them to transform their businesses.” The Oracle Cloud strategy helps organizations extract total value from their business’s data”, Christopher…

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