|Com Bank launches
100 scholarships worth Rs 2.5
The Commercial Bank of Ceylon, one
of the country’s foremost socially responsible corporate
entities, presented undergraduates from around the country with
scholarships of Rs 2500 per month under a new corporate social
responsibility project launched recently.
This is the first higher education project undertaken by the
Commercial Bank’s Corporate Social Responsibility Trust at which
100 undergraduates received cash scholarships at the
presentation ceremony held under the patronage of Prime Minister
These students will receive scholarship money for the ten
academic months of every year that they study at University.
Under this scheme the Bank will pay out Rs 2.5 million annually.
The undergraduates who would benefit were chosen with the
assistance of the University Grants Commission and followed the
criteria used in the Mahapola Scholarship Scheme. Among the
criteria used to identify deserving students was the number of
attempts made at the A/L examination, the number of school-going
children in the family, parental income and the distance between
the university and the student’s home.
The Commercial Bank CSR Trust concentrates on projects focused
on education, child welfare, rehabilitation of irrigation
systems and community service. The Trust was commenced with a
startup capital of Rs 25 million and the Bank contributes up to
one per cent of post tax profits every year to the trust for its
The Commercial Bank also has a rewards scheme for deserving
younger students. All holders of Arunalu minors accounts who
excel at the year 5 scholarship examination every year are given
valuable cash prizes. Since its inception nearly 400 cash awards
totaling Rs 2.8 million have been presented to such students.
Microsoft Awards Imagine Cup 2006
With the jubilant team from the Faculty of Information
Technology, University of Moratuwa walking away with a rare
opportunity to Colombo, May 2006 - The ingenuity and creativity
of Sri Lanka’s next generation of IT experts came to the fore at
Microsoft Imagine Cup 2006 showcase their skills in the
A year of intense competition that spanned across universities
in Sri Lanka and fused technological expertise with artistic
spirit came to an end today when the five finalists presented
their projects for live judging during the final and awards
ceremony, held at the Taj Samudra Hotel, Colombo.
Sriyan de Silva Wijeyeratne (Country Manager, Microsoft Sri
Lanka) crowned Yasith Perera, Shanaka Perera, Prasad Sampath
Wickramasinghe and M.A. Chathurika Sandarenu (all from the
Faculty of Information Technology, University of Moratuwa), the
national winners of the second annual Imagine Cup student
The winning team ‘Arunalu’ impressed the judges with a project
titled ‘Panchayudha’, which is designed to organize the
clinic-related activities of expectant women and mothers with
This application promises to introduce a mechanism for keeping
information such as vaccination schedules, prescriptions,
treatment and clinic records visible to all the relevant people.
“This year’s Imagine Cup unleashed the potential among Sri
Lankan students – we have seen levels of creativity and
originality that have been truly inspiring.
CDAX marks 3 years with impressive growth
CDAX, Sri Lanka’s pioneer online trading system of the
Colombo Stock Exchange celebrates its third year recording a
hefty 12 billion turnover online. On 9 June 2003, CDAX executed
the first direct access online trade order on the CSE, and
today, it has to its credit the largest online trading community
of over 4,000 users worldwide and account for 30% of the daily
trades on the CSE.
Its rapid growth is attributed to its unique design which is a
fully configurable day trading platform designed by traders who
have over 16 years experience in the stock broking industry.
Currently four members of the Colombo Stock Exchange, namely
Asia Securities, Asha Phillip Securities, Ceylinco Stock Brokers
and Lanka Securities provide online trading facilities to all
their clients free of charge via CDAX. The unique design of the
CDAX platform has enabled all the above brokers to open fully
fledged branches with live trading facilities via CDAX at
Anuradhapura, Boralla, Galle, Jaffna, Kandy, Kiribathgoda,
Kurunagala, Matara, Negombo and Rathnapura.
Investor Access Asia also had a soft launch of CDAX Net their
real–time web based online trading system. This system does not
require a software installation and the CDAX users will be able
to access CDAX Net via any Inertnet Explorer web browser from
their office, home or the nearest internet café.
CDAX is the only online trading system in Sri Lanka with a Multi
Mode, Multi Broker, Multi Account functionality that has
empowered the investors with the freedom to trade via CDAX Pro,
CDAX Net and CDAX Mobile.
LAUGFS to hospitality
The LP Gas and the Supermarket chain people, LAUGFS Group has
now ventured into fine dining restaurant ‘JADE’ that promises
experience in fine dining with longevity, success and glamour
infused as in the case of Chinese culture, that would unlikely
to be forgotten.
LSUGFS Holdings has built up an enviable reputation as an
innovator in many of their undertakings. JADE located at 238,
Kotte Road, MIrihana, Nugegoda too is up to such innovative
experience as the moment you enter the restaurant, the ambience
is geared towards providing an amazing dining experience. (QP)
CIE gets new regional manager
University of Cambridge International Examinations (CIE) has
appointed William Bickerdike as regional manager for South Asia,
covering India, Pakistan, Nepal, Sri Lanka and Bangladesh, and
is based in New Delhi. Earlier he has work in Pakistan, North
Africa and Middle East region.
CIE offers high-quality, international examinations and
qualifications to students around the world and to help teachers
to provide best education, develop schools and provide training.
Bickerdike has a firm background in the assignment serving in
the Middle-Eastern Universities and the British Council. His
role here would involvein improving customer service and
building relationships with schools, colleges and educational
organizations in the region.
CIE first started delivering qualifications in Sri Lanka in 1880
and has a strong pedigree in development and research. CIE also
strives to improve the support offered to its network of
registered Centres and utilizes innovative technology for
delivery, assessment and administration in 150 different
University of Cambridge international Examination (CIE) is the
world’s largest provider of international qualifications for
14-19 year olds. CIE offers a broad range of qualifications,
created for an international audience. Cambridge’s
qualifications include the Cambridge IGCSE, which CIE pioneered
20 years ago, and international A and As Level. CIE’s
qualifications are recognized by universities education
providers and employers across the globe.
CIE puts new technologies to work in several ways in order to
provide better service to its customers and ensure faster
communications with its partners around the world.
ESOFT offers advanced professional courses
ESOFT Computer Studies (Pvt) Ltd established six years ago
with four students has now grown into a leading educational
institute providing quality education for more than 2,000
students. ESOFT gears for academic and professional courses,
Pre-BIT is a specially designed study programme by ESOFT for
those who are planning to join the BIT Degree programme of the
University of Colombo School of Computing (UCSC) and the course
objective being to fill the gap between the GCE(AL) and the UCSC
BIT first year.
Its core focus is on students, staff, employers, professions
bodies ICT industry and the community at large. ESOFT strives to
deliver high equality education with student needs in mind. (QP)
Raigam introduces new product
The Kingdom of Raigam (KoR) a truly Sri Lankan company
reputed for high quality products at a reasonable price now
introduces to the market their newest product ‘Raimite’- a
creamy spread delicious with Bread, Biscuits, Rotty or Hoppers
and one teaspoonful mixed in a cup of warm water makes an energy
Raimite is a culinary ingredient to increase the taste of meals
as well. It is a delicious 100 percent natural product with no
artificial flavours or colours and is also an appetizer.
Raimite Yeast Extract is rich in vitamin B group vitamins and is
100 percent Vegetarian energizer. As it contains neither sugar
nor fat, it is good for persons with complexities in weigh,
obesity, diabetes and high cholesterol levels. With Folic Acid
it is also good for pregnant women and for speedy recovery of