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Opportunity to enhance IT skills
Mahinda College, Galle held an exhibition in its school premises to mark the 110th anniversary from July 4 to 6, 2002. ARENA Multimedia Education Centre, Wellawatte operated by Mackwoods Infotec (Pvt) Ltd participated in this exhibition on a special invitation by Mahinda College.

Many school children in the Southern Province had an opportunity to explore the world of Multimedia. ARENA offered special packages for those who visited the stall to enhance their IT skills in Multimedia Education.

ARENA was the first Education Institute in Sri Lanka to introduce Multimedia Education to the children in remote schools in the country Mackwoods Infotec backs Diamond Exhibition of Science & Technology (DEST 2002) at University of Colombo.Keen visitors are briefed by the Academic Counsellor

Mackwoods Infotec participated in the DEST 2002 exhibition organized by the science Faculty of University of Colombo from June 20 to 23, 2002 with its two training centres ARENA Multimedia and APTECH Computer Education.

ARENA & APTECH, provided the visitors with some useful guidance in selecting their careers in IT & Multimedia fields. Mackwoods Infotec's stall was one of the most attractive among the others.

L B Siya Savi Draw II
L B Finance held its 2nd 'Siya Savi' branded Deposit draw recently at the OPA Auditorium under the patronage of their Chairman Deshamanya Dr. W M Tilakaratna.

'Siya Savi' scheme had been introduced in 1999, as a scheme to help the depositors to accept a fixed income at the end of a one year term and to avoid any fluctuation of rates of interest during that tenure. 'Siya Savi' was operated on a discounted basis where the interest was paid up front.

Depositors were allowed to obtain certificates in multiples of Rs. 10,000/- and were entitled to an annual draw. The winners were given an additional certificate to the value of the existing certificate.

L B Finance is now considering the introduction of this kind of deposit schemes to help their customers to hedge against the fluctuation of interest rates.

NTB takes over American Express Bank
Nations Trust Bank announced that an Agreement was signed last week with American Express Bank, for the takeover of their Sri Lanka Branch operations a press release said. The actual transaction will be effected on the receipt of the necessary Central Bank of Sri Lanka approvals.

Moksevi Prelis, CEO/Director of Nations Trust Bank stated that "We are indeed pleased to be associated with such a prestigious name in the Global Financial Services Industry and gratified that they have identified Nations as a partner that they want to work with.

I am sure that this partnership will prove mutually fruitful and will grow from strength to strength."

The CEO further added that this acquisition was in line with their expansion strategy focusing on Retail and that it positions the Bank for significant growth in the next few years.

It is envisaged that the current branch of Amex at Dharmapala Mawatha, will continue as a full service Branch of Nations Trust.

The Foreign Exchange Centres at Dharmapala Mawatha and the four Travel Agencies (Gabo Travels, Cey Can, Hemtours and Jetwing) will also continue to provide the same products and services such as Travellers' Cheques, Foreign Currency and Credit Cards services.

Nations Trust acquired the businesses of Waldock Mackenzie and the Kandy branch business of the Standard Chartered Grindlays Bank last month.

Premadasa Group introduces plastic cards
Premadasa Group (Pvt.) Ltd. which has been in the printing industry since1943 have introduced Plastic Cards to its product portfolio a press release said. They have set up a manufacturing unit which can produce Plastic Identity, Membership, Credit and Bank ATM Cards. The company uses its latest HP 'Indigo' digital offset Press for printing high quality Plastic Cards. This is the only such machine in Sri Lanka. The machine is capable of printing magazine quality copies instantly.

The cards are manufactured using imported PVC material to meet international standards. They have also mastered the technique of producing telephone and lottery cards with scratch off panels. This is a growing market both locally and internationally.

Gold Award winners felicitated
Mobitel felicitated the gold award winners when the National Chamber of Exporters celebrated 10 years of export excellence at the recently concluded Annual Exporters' Awards 2001 a press release said.

Mobitel was one of the principal sponsors for the occasion and presented free mobile phones to those most outstanding exporters who took home gold awards in their respective sectors.

One of the primary objectives of holding the Annual Export Awards was to recognize and encourage the small, medium, large and extra large exporters in Sri Lanka. Mobitel confirmed their commitment to give their fullest support to this vital business segment by sponsoring the Awards Ceremony for the 7th consecutive year.

Mobitel provides our nation with the exceptional connectivity that is essential to the export sector. The vital IDD facility is provided by Mobitel along with the connection. Most importantly, international calls are charged at SLT rates.

A motoring treat
The Motor Club Show was a motoring treat never previously seen in this country.

The show was held from 23rd to the 25th August at the Exhibition and Convention Centre. Consisting of some 110 vehicles, the show was splendidly put together by the Motor & Trading Post magazine. The concept of this type of Show is new to Sri Lanka.

Nimal Wimalasuriya, the managing director of the publishing company that publishes the Motor & Trading Post says that shows such as these are regularly held in other countries; and Nimal had obviously drawn on his experience of such Shows in other countries.

It was a Show of vehicles and activities of the various motoring clubs and groups in Sri Lanka. The motoring clubs and groups are either one-make clubs such as the Mighty Mini Club of Sri Lanka or a grouping of a particular era of vehicles such as the Vintage Car Owner's Club. The print media sponsors of the Motor Club Show were the Sunday Times and Daily Mirror.

LIBM to commence operations
Lanka Institute of Business Management (LIBM) Pvt Ltd. will commence its operations on September 4 with an opening ceremony.

Karunasena Kodothuwakku Minister of Human Resource Development, Education & Cultural Affairs will be the Chief Guest and Bandula Gunawardena Minister, Rural Economy Development will be the guest of honour.

The Institute will conduct courses leading to a diploma in Business Management.

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