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Business


Com Bank launches scholarship scheme
100 scholarships worth Rs 2.5 million annually

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 Ratnasiri Wickramanayake.
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 smooth functioning.
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.

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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 international arena.
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 technology competition.
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 infants.
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.

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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.

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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)

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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 countries.
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.
(QP)

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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, industry certifications.
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)

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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 drink.
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 patients.