Emirates receives second A380
Emirates Airline has taken delivery of its second Airbus A380 superjumbo, bringing its all wide-bodied aircraft fleet to 122, inclusive of freighters, the airline said.
Designed to transport passengers on long-range journeys in unmatched comfort, Emirates’ second A380 will join its sibling, the airline’s first A380 delivered in July, on the Dubai-New York JFK non-stop service (EK201/202). This increases Emirates’ A380 service on the route to once-a-day from Sunday. Emirates operates two flights a day to New York JFK, the second daily service using a Boeing 777-300ER, it said. The airline currently operates one of the youngest, most technologically-advanced and efficient fleets in the sky, with an average fleet age of under 65 months, half the industry average of 11 years.
Special offers at Keells Resort Hotels
Keells Resort Hotels, with another year close to its end, is offering a range of deals including ‘incredible’ rates and discounts at all its outlets.
The company said senior citizens are being treated with a 30% discount at Cinnamon Lodge Habarana, Chaaya Village Habarana, Chaaya Citadel Kandy, Bentota Beach Hotel, Coral Gardens Hikkaduwa, Yala Village and Club Oceanic Trincomalee. The Special Family package gives parents a special rate on their holidays while kids below 10 are accommodated absolutely free at these hotels.
ADK Group, Maldives now on Evolution ERP
Sri Lanka’s PBSS (Perfect Business Solution Services – Pvt) Ltd has signed an MoU with ADK Group of Maldives as its Business Solution Software partner, the local company said.
ADK hospital is the largest hospital in the Maldives and part of the ADK group which is also involved in pharmaceuticals and other products. PBSS is an authorized business partner and certified consultants for a range of Sage Software in Sri Lanka, Saudi Arabia and Maldives. Madura Gamanayake, PBSS Managing Director, and Ms. Fazla Hassan, Managing Director of ADK Company (Pvt) Ltd signed the MoU on behalf of the two companies.
“Api Venuwen Api’ support from supermarkets
Supermarket chains came together this week to support the ‘Api Venuwen Api’ campaign for the Api Venuwen Api Housing Fund by agreeing to display specially-made tills in all their supermarkets. This is in addition to the existing scheme where customers can make donations through supermarket cashier points. It is expected that this initiative would become an additional exposure for the campaign at the supermarkets, the promoters said. The Api Venuwen Api campaign which started as a recruitment drive transcended into an image building communication campaign for the Forces before evolving into a fully fledged Housing Fund, which is now reaching the Rs. 500 million mark with the support of all citizens, corporates, corporations, SME entrepreneurs and the Sri Lankan diaspora who live in other parts of the world.
JKH trading below book value price
John Keells Holdings (JKH), following the steep decline in its share price in recent weeks, is currently trading below its book value per share -- Rs.69 as at 30 September 2008 – for the first time in several years, brokers said.
However they said they believed that JKH's break-up net asset value per share wherein its assets, particularly land and stakes in other companies such as South Asia Gateway Terminal and Ceylon Cold Stores are valued at market rates, is in fact higher than this stated book value per share. JKH's Interim Report for the six months ended 30 September 2008 shows that the re-stated net assets per share as at 31 March 2008 was Rs.68.14. One broker said what is interesting is that JKH has no controlling shareholder and therefore, one cannot rule out strategic buying interest emerging at the current depressed price levels given the discount to asset value. The odds on a takeover of JKH must surely have shortened considerably over the past couple of months, he said.
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