DIVASA FINANCE APPOINTS TWO NEW DIRECTORS ADDING MORE VARIETY TO ITS LEADERSHIP EXPERTISE

DIVASA FINANCE APPOINTS TWO NEW DIRECTORS ADDING MORE VARIETY TO ITS LEADERSHIP EXPERTISE

Rapidly expanding, Divasa Finance Limited recently announced the appointment of Prof. Arjuna De Silva and Mr. Vasula Premawardhana as non-executive directors of the company.

Prof. Arjuna De Silva (MBBS, MD, MSc [Oxon], FRCP [Lond], FCCP) is a professor in medicine at the Faculty of Medicine, University of Kelaniya Sri Lanka. He obtained the MRCP (UK) in 2000, the MSc from the University of Oxford in 2001, the FCCP in 2009 and FRCP (London) in 2010. The Clinical Co-ordinator in the Faculty of Medicine, University of Kelaniya, he is also a trainer in Gastroenterology in Sri Lanka. He is also a winner of the Presidential research awards in 2003, 2006 and 2010, the E. M. Weijerama prize in 2010, the Rajasooriya award in 2003 and 2010 and the Vice Chancellors award in 2010. He was recently appointed the Director General of the Sports Medical Unit of the Ministry of Sports.

Mr. Vasula Premawardhana is an accomplished professional with over 15 years of comprehensive management experience comprising local and international hands-on financial sector experience gained across the spectrum as a Stock/Derivatives Broker, Financial Analyst, Fund Manager, and Financial Markets Regulator. He is currently the Managing Director of First Derivatives Capital and a former Director of the Securities and Exchange Commission of Sri Lanka.  He holds a MA in Financial Economics from the University of Colombo, and a BSc in Computer Science from the University of Southern California.
 
The board directors, whose diverse backgrounds include banking, finance, legal, insurance, communications, fund management and leisure have together with the dynamic management team, harnessed their different disciplines to ensure profitable solutions for customers and consistent growth for the company.

Originally focusing on the Leasing / Hire Purchase business, the company has expanded its portfolio of solutions in to include short term trade finance, medium term finance loans, trade bills and cheques discounting and margin trading facilities. The company is also authorized by the Central Bank of Sri Lanka to accept fixed deposits from the public and has also diversified into residential real estate solutions.  Divasa recently received a BB- rating from RAM Ratings Lanka Limited and also has plans to seek listing on the Colombo Stock Exchange in the near future.

CITRUS PROMISES EXCITING AQUA-BASED RECREATION AROUND THE ISLAND

CITRUS PROMISES EXCITING AQUA-BASED RECREATION AROUND THE ISLAND

Offers Professional Fishing and Watersports in Hikkaduwa, Unawatuna, Kirinda, Kalpitiya, Trinco, Batticaloa and Colombo.

The professional aquatic recreation specialists CITRUS AQUA recently launched its “Menu of Holiday Packages” where holidaymakers and professionals have the opportunity of discovering some of the best waters in the world.

At Citrus Hikkaduwa, the first “Discovery Dives” enthusiast kicked off the programme by donning his professional Scuba diving gear and participating in a professional pool training session. For the novice, these training dives will prove to be a “hand holding” exercise whereas the more experienced divers will have the opportunity of discovering some of the most spectacular deep sea dive spots in the Indian ocean embracing the island.

The elite Professional Fishing Community who are well networked and keep their ears open for new coastal and deep sea “Fishing Hotspots” in the world are just beginning to take notice of Sri Lanka and its virgin salt waters, where the largest fish of the deep seas await a battle for supremacy.

Surf and Body Boarding come in a variety of offerings, with attractive course packages as well as tailor-made outings. Fully equipped with gear and know how, manned by the most experienced and certified instructors, Citrus Aqua is undoubtedly a safe, reliable and customer centric facility to organize a special aqua-holiday in Sri Lanka.

As an integrated aqua-based recreation company, which is a fully owned subsidiary of the Citrus Leisure Group, Citrus Aqua also offers Jet Skiing facilities, Yachting, Speed boating and exclusive Cruises in the Sri Lankan waters.

Spearheaded by industry leaders such as Mr.Prema Cooray – Chairman, Mr.Suresh De Mel, Mr.Howard Martenstyn & Mr.Damitha Wickramesekera – Directors and Mr.Lasantha Perera – CEO, Citrus Aqua promises to fill one’s holiday in Sri Lanka with “Happiness Moments”.

ACCESS ENGINEERING LIMITED DELIVERS HOPE TO MILLIONS

ACCESS ENGINEERING LIMITED DELIVERS HOPE TO MILLIONS

Access Engineering Limited (AEL), one of the country’s leading construction enterprise,  is an integrated engineering company which stands in the forefront of developing large and complex infrastructure development projects utilizing innovative and state-of-the-art technological solutions in all its construction projects.  

To date the company has been involved in a diverse range of construction and infrastructure projects in varied sectors such as roads and highways, bridges and flyovers, water and waste management, harbours and marine work, dredging and reclamation, telecommunication, irrigation and land drainage, piling and environment and waste management. Many of  these projects have been of very high national priority in Sri Lanka’s attempt to improve its infrastructure to international standards.

The company has also been involved in  some of the largest infrastructure development projects in the country, funded by the World Bank, Asian Development Bank, JBIC-Japan, SIDA-Sweden, DANIDA-Denmark and ECGD-United Kingdom, etc. Other major projects undertaken by AEL include the Dehiwela, Kelaniya and Nugegoda flyovers, the Aluthgama, Udawalawe, Beruwela, Hambantota and Batticaloa Water supply projects, raising of the Unnichchai tank, implementation of a fibre optic network and rehabilitation of the A9 road.

Speaking about the achievements and future prospects of the company, MrSumalPerera, Chairman of AEL said “We believe that to meet the expectations of all our stakeholders and the country at large, the Engineering and Construction industry has a major role to play.  In order to do so, it was important for the company to enhance  its capacity and by broadbasing its ownership with a 18% private placement (Rs.4,500 million)  and 2% IPO stake (Rs.500 million) in addition to making its employees co-owners of the company,  by gifting a 12% staketo them (Rs. 3 billion), we believe that the company has been able to create a very strong platform and now poised to benefit from the many infrastructure development, engineering and construction projects taking place in the country.”

In addition to the private placement by which the company raised Rs.4,500 million in June 2010, it has now got approval from the SEC/CSE for an initial public offering of 20 million new shares at Rs.25/- each amounting to a total of Rs. 500 million (at the same price the private placement shares were issued) which will be a 2% stake in the post IPO stated capital.  The issue opens on 6th March 2012 and will close on 9th March 2012 unless already over subscribed.

Established in 2001, Access Engineering Limited has established itself as a leading construction company offering innovative value engineering solutions comprising design, procurement, construction and commissioning of numerous multi disciplinary engineering projects for both the Government and private sector of Sri Lanka.  Over this short span of existence AEL has carved out a name and stature for itself in the civil engineering sector of the country which has resulted in the company seeing continuous unprecedented growth while leveraging proficiency and competencies it possesses to generate value for its stakeholders.  It has also in its short period of existence won many construction industry and national business excellence awards.

STONE N’ STRING CREATES BEAUTIFUL MEMORIES FOR YOU THIS FEBRUARY

STONE N’ STRING CREATES BEAUTIFUL MEMORIES FOR YOU THIS FEBRUARY

‘Stone N String’, a leading brand specializing in designer precious & semi-precious jewellery, has introduced an exclusive lovers’-day promotion, which allows customers the chance to personalize their gift with a name, a signature or even a heartfelt message in their own handwriting and can also combine it with an image. Call it Romantic Magic, this promotion is all about creating beautiful memories - be it on jewellery, watches or pens - which are all part of their latest lovers’ day collection available at all stores. What’s more, customers can also bring their own piece of jewellery, phone, mug or any other item for this promotion and ‘Stone N String’ will oblige in having your choice of personalization done on any of the pieces.
Besides this value addition, the brand will also be carrying out raffle draws on a daily basis, beginning on the 6th of February 2012, where their valued customers will stand a chance to win mobile phones every hour, outright discount vouchers from Stone N’ String, discount vouchers and gift packs from Nature’s Secrets, dinner vouchers, movie tickets and many other surprises. The company has also made arrangements to deliver all gift items purchased from this collection via Citypack, at no additional cost.

With a business centered around emotions, Stone N’ String has always strived to be the pioneers in providing gifts for every single special occasion in a person’s life and this effort to combine romance with technology is yet another unique service offered to its discerning clientele.

NOLIMIT REVAMPS WARD 4 AT KALUBOWILA HOSPITAL

NOLIMIT REVAMPS WARD 4 AT KALUBOWILA HOSPITAL

Tuesday 24th January, 2012, Colombo: What began with a variety of CSR projects which saw the refurbishment of Ward 13 at the Maharagama Cancer Hospital and Ward 12 at the Lady Ridgeway Hospital, NOLIMIT today announced the completion of its 3rd project in the series – the revamping, maintenance and running of ward no.4 at the Kalubowila General Hospital.

The ward was ceremoniously re-opened under the presence of management of NOLIMIT together with Dr. Anil Jasingha, Director of the Kalubowila Teaching Hospital.

The newly refurbished ward, which is dedicated to female patients, now includes a brand new Pulse Oxygen Meter, colour washed wards, brand new curtaining, lighting and window fittings as well as new furnishings, décor and  plasma televisions – all making the ward a brighter, more modern environment in order to enhance the care that staff can provide to its patients. NOLIMIT disclosed that the much-needed refurbishment of the ward was made at an investment of approximately 1 Million and was funded through generous donations to the Hospital by NOLIMIT along with a guarantee to look after all the requirements, interests and needs of the ward in the future.

Speaking at the re-opening, General Manager of NOLIMIT, Mr. Amjad Hassan stated that: “The Kalubowila Hospital provides an invaluable service to the people of the entirety of Colombo and hence deserved our corporate support. This is our third effort in a series of social responsibility projects towards hospitals alone, and ensuring that this ward at the Kalubowila Hospital is running effectively and efficiently without any problems is what we at NOLIMIT will continue to do in the years to come.”

CONSTRUCTION OF CITRUS LEISURE WASKADUWA BEGINS – REINFORCING 600 ROOM PROMISE TO SRI LANKA

CONSTRUCTION OF CITRUS LEISURE WASKADUWA BEGINS – REINFORCING 600 ROOM PROMISE TO SRI LANKA

Colombo January 30, 2012: Hot on the heels of the opening of Citrus Hikkaduwa, a 93 room luxury resort, Citrus Leisure PLC today laid the foundation stone for Citrus Waskaduwa, a 150 room 5-star luxury resort that is expected to be open towards the endof 2012.

The foundation stone was ceremonially laid by Hon. LakshmanYapaAbeywardena, Deputy Minister of Economic Development at a ceremony which also saw the participation of special invitees, the director board of Citrus Leisure as well as other government officials.

Strategically located in a picturesque and leisure-friendly beachfront property a mere 45 minutes’ from Colombo, Citrus Waskaduwa will offer leisure seekers a thrilling experience centered around the theme of Aqua features as well as provide a quick escape for those who seek a quiet dinner away from the bustle of Colombo. The Waskaduwa property will house a presidential suite, luxurious deluxe rooms as well as standard rooms, a main banquet facility that can accommodate up to 500 people, a 24 hour coffee shop, a BBQ restaurant by the beach as well as a swim up bar by the pool in addition to the lounge bar, as well as a luxurious 5000 square foot spa.

The groundbreaking ceremony of Citrus Waskaduwa is yet another reinforcement of the 600 room promise made by Citrus Leisure PLC to build and manage a chain of distinctive hotels and resorts which will in turn contribute towards the national economic growth of the country via tourism. Benchmarked against the most coveted in the world, these properties dot Sri Lanka’s coastline in Hikkaduwa, Pasikudah, Kalpitiya and Waskaduwa; each of them as unique as their surroundings, dedicated to bringing happiness moments to holidaymakers.