 |
| Taprobane Travels/SriLankan Holidays recently marked its 32nd year as a top agent of Srilankan Airlines in the UK. The management of SriLankan Airlines London visited the Taprobane Travels/SriLankan Holidays office at Golden Square, Picadilly on this occasion. In the picture are Managing Director Gamit Ameresekere (3rd from left), Director Ms. Kamini Rodrigo (far right). SriLankan Airlines was represented by Ms Desiree Premachandra, the new Country Manager in the UK (4th from left), her predecessor Ranjit De Silva (far left), Jeremy Soertsz, Sales Manager (2nd from right) and Ms. Meena Rughani), Airport Manager (2nd from left). |
F&G maturity default case trial on Sept. 20
The District Court of Colombo trial where two depositors have sued The Finance & Guarantee Ltd (F&G), a registered company run by Central Bank appointed-agent, Merchant Bank of Sri Lanka (MBSL), will commence on September 20.
In this case the plaintiffs maintain that deposits amounting to over Rs 2 million were accepted by the company,Certificates and Promissory Notes issued and then defaulted on maturity. The deposits were then renewed without notice to the depositors and the company again defaulted following expiry of the renewal.
They say the company has refused to repay their matured deposits violating the undertaking given by the management. One plaintiff noted that MBSL was appointed Managing Agents by the Central Bank to safeguard depositors, restructure the company and help establish confidence in this regulated financial institution.
To this end, MBSL on 20th April 2009 wrote individually to depositors urging them to renew their deposits for one year. F&G then issued deposit certificates for 12 months at 21% interest paying part thereof and issued promissory notes for the balance interest with no period of grace.
MBSL requested this one year’s reinvestment "to formulate a win - win situation for both investors and the company in the near future". After one year, depositors were told that they would not be able to withdraw the deposits they had made into the company heeding the request of the management.
Intel has trained 10 million teachers across the globe
Intel Corporation last week today celebrated 10 million teachers trained through Intel® Teach, a professional development program that enables educators to effectively integrate technology into their lessons to promote problem solving, critical thinking and collaboration skills among their students.
Working with national, regional and local educators and governments in more than 70 countries, Intel Teach is the largest and most successful program of its kind. In fact, according to Intel’s estimates, more than 300 million students have been prepared to learn, lead and succeed by teachers trained in Intel Teach, according to a company statement.
Intel President and CEO Paul Otellini said, “We invest in teachers so that they will inspire our students to be innovative, creative and prepared with the critical thinking and problem-solving skills that are imperative to our future.”
In Sri Lanka, the Intel® Teach Program is the largest, most successful program of its kind and has, to date, trained over 21,000 government teachers from the Western, Uva, Central, Sabaragamuwa, Northern, Eastern, and Southern provinces.
An End of Training (EoT) Analysis of Intel® Teach in-service program of 2010 conducted by Lanka Market Research Bureau (LMRB) revealed, according to the statement, that over 95% of these teachers have benefited through integration of technology into their teaching and passed on illustrated effective uses to their students and their school work.
Indika De Zoysa, Country Business Manager, Intel EM Ltd, said, “We work with government and policy makers to add quality to education and our efforts have heralded a new beginning in the IT sector in this country.”
New EXCO of the Sunday Times Business Club (STBC)
 |
 |
| Anura P Perera |
Chanaka Perera |
A new Executive Committee of the Sunday Times Business Club was elected on Tuesday at the AGM held at the Taj Samudra Hotel, Colombo for the year 2011-2012.
They are: President - Chanaka Perera; Vice President – M. R. A. Hakeem; General Secretary - Sharlene De Chickera; Treasurer - Amal Fernando; Anura P. Perera (Past President) and other Committee members - S.Dayalan, Sampath Kulathunga, Abdul Hai, Prasanna Samarasinghe and M.Z.M. Shamil. Outgoing President Anura P. Perera thanked his committee for their unstinted support during his 2-year term and also the club sponsors – Taj Samudra (the host hotel) and Hameedia (co-sponsor). Incoming President Chanaka Perera said he hoped to enhance the profile of the club and its activities. |
E-mail
