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Combank wins two coveted titles at ‘Asian Banker Transaction Awards’

Adjudged ‘Best Transaction Bank in Sri Lanka’ and ‘Best Trade Finance Bank in Sri Lanka’ The Commercial Bank of Ceylon has been honoured with the awards for ‘The Best Transaction Bank in Sri Lanka’ and ‘The Best Trade Finance Bank in Sri Lanka’ at the 2018 Asian Banker Transaction Awards, adding two more prestigious titles…

(0)Comments | May 28, 2018 11:41 am

CAL joins hands with regional Investment Banks to provide integrated access to South Asia’s frontier markets

Capital Alliance (CAL) has signed an MoU with AKD Securities Limited and Pakistan and Lanka Bangla Securities Limited in Bangladesh with the objective of providing investors with a single investment platform via which they can access South Asia’s leading frontier markets. The MoU, which comes against the backdrop of the successful inaugural South Asia Investor…

(0)Comments | May 28, 2018 11:07 am

Sri Lankan shares slip; diversified stocks top drag

Reuters – Sri Lankan shares closed slightly weaker on Friday as investors sold diversified stocks such as John Keells Holdings Plc, while block deals boosted turnover. Local Investors continued to stay on the sidelines as they waited for some cues about the real impact of floods, while worries over a weaker rupee, political uncertainty and…

(0)Comments | May 26, 2018 2:02 pm

Harry J ventures into Cement via Melstacorp in a deal with Pyramid Wilmar

Billionaire Harry Jayawardena controlled Melstacorp PLC in disclosure to Colombo Stock Exchange (CSE), said that company has entered into a joint venture agreement with effect from 18th May 2018 with Pyramid Gama (Pvt) Ltd for importation, processing, packaging and distribution of cement to be undertaken through a joint venture company in the name of Melsta…

(0)Comments | May 25, 2018 3:03 pm

HNB regrets unauthorized incident at branch and says action taken– Official FB post

In a surprising move without referring to any specific described incidents, one of Sri Lanka’s leading listed Bank – privately owned for the name sake, but also government controlled via state controlled bodies’ share ownership – Hatton National Bank (HNB) in company’s official Facebook page said in three consecutive posts that the “HNB does not…

(0)Comments | May 25, 2018 2:55 pm

Sri Lanka’s Dialog Axiata and Mobitel among leading 13 Global operators that deployed Mobile IOT

Whilst a total of 48 commercial Narrowband IoT (NB-IoT) and LTE-Mobile (LTE-M) had been launched worldwide as of the end of April, according to the GSMA, Sri Lanka’s Dialog Axiata and Mobitel among leading 13 Global operators that deployed Mobile IOT solutions, including all of China’s big three operators – China Mobile, China Telecom and…

(0)Comments | May 25, 2018 11:25 am

Sri Lankan shares edge up from 1-week closing low

Reuters – Sri Lankan shares rose slightly on Thursday after posting their lowest close in more than one week in the previous session, as investors picked up beverage stocks while block deals lifted turnover. Investors continued to stay on the sidelines as they waited for some cues about the real impact of floods, while worries…

(0)Comments | May 25, 2018 10:55 am

Marine biologist from Sri Lanka wins at British Council’s first-ever Global Alumni Awards

Following prestigious national awarding ceremonies hosted by the British Ambassador/High Commissioner in more than ten countries, and high-profile digital campaigns to celebrate 63 regional finalists, and 21 regional winners, the British Council has announced the names of three outstanding global award winners of the Study UK Alumni Awards. All are alumni of UK universities, representing…

(0)Comments | May 25, 2018 8:14 am

Ranel T. Wijesinha appointed as SEC Chairman

A statement from the Ministry of Finance and Mass Media said that the Minister of Finance and Mass Media has appointed Mr. Ranel Tissa Wijesinha as Chairman of the Securities and Exchange Commission (SEC) of Sri Lanka with effect from today (24th May 2018). The statement further added that the Securities and Exchange Commission of…

(0)Comments | May 24, 2018 6:48 pm

Softlogic Life unveils Sri Lanka’s first video Annual Report

Pushing the boundaries of innovation much further, Sri Lanka’s most innovative life insurer, Softlogic Life, recently unveiled their 2017 integrated annual report in video format, making it Sri Lanka’s first video annual report. Available now on YouTube and Softlogic Life’s official website, the video showcases a number of key details of this year’s annual report…

(0)Comments | May 24, 2018 5:55 pm