Markets and Financial

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ComBank improves Q2 earnings despite mounting challenges

  6-month gross income grows by 13.31% to Rs 73.587billion Pays Rs 7.282 billion as taxes for 1H 2019; effective tax rate of over 52% Q2 earnings per share increase by 10.1% over Q1   The Commercial Bank Group has reported operating profit before impairment charges and taxes...
Posted On 18 Aug 2019
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DSI Footcandy secures the Best E-Commerce Website

The e-commerce platform of the D. Samson & Sons (Pvt) Ltd, DSI Footcandy (www.dsifootcandy.lk) secured the Silver Award for the Best E-Commerce Website at the bestweb.lk awards held by LK Domain Registry, on August 8.   The award was accepted by the Senior Manager...
Posted On 18 Aug 2019
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CEAT celebrates growth in tough 2018-19 with awards gala for top dealers

The importance of unity in times of economic or political adversity was the emotive refrain when top tyre maker CEAT Kelani Holdings honoured the Company’s elite dealers at a scintillating awards gala at the Shangri La Hotel in Hambantota recently. Themed ‘Together Towards...
Posted On 18 Aug 2019

Singer Huawei Carnival Embarks at Singer Outlets

A thrilling disclosure to the public, Singer and Huawei brings good cheer to all its stores with the Singer Huawei Carnival this year. All Singer Outlets will be offering discounts and exciting prizes to all customers purchasing any brand new Huawei smartphone. This promotion...
Posted On 18 Aug 2019

TRAVEL AND TOURISM

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Emirates commits to reducing single-use plastic on board

Eco-friendly paper straws have been introduced this month Emirates  has made a network-wide commitment to reduce single-use plastics on board its aircraft. As of June 1st, eco-friendly paper straws have been introduced and all Emirates flights will soon be plastic straw-free. The...
Posted On 19 Jun 2019
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Emirates’ First Class suite makes its debut in Durban

Emirates has introduced its First-Class cabin in Durban, in conjunction with the airline’s seasonal frequency increase of four additional flights a week, bringing the airline’s award-winning, luxury travel experience to the coastal South African city. During the seasonal increase...
Posted On 18 Jun 2019
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Business Tycoon Li Ka-Shing opens first Buddhist Art Museum in Hong Kong

Hong Kong Business tycoon and philanthropist Li Ka-Shing, Former Chairman of CK Hutchison Holdings, which is the primary shareholder of Hutchison Telecommunications Lanka (HTLL), recently opened a multi-million dollar Buddhist Art Museum in Hong Kong. The Museum sits in the  Tsz...
Posted On 18 Jun 2019
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SHANGRI-LA HOTEL, COLOMBO TO REOPEN

The Shangri-La Group is grateful to the local authorities and the global community for their outpouring of support and messages of commendations received these past seven weeks. The group remains deeply appreciative of the selfless service and courageous spirit demonstrated by...
Posted On 12 Jun 2019

Technology

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Instagram bug could have allowed anyone to take over your account

By Paul Ducklin As you would be aware, Laxman Muthiyah is the famous bug-hunter who uncovered not only a data deletion flaw but also a data disclosure bug on Facebook. The first bug meant he could have zapped all your photos without knowing your password. The second meant that he...
Posted On 24 Aug 2019