Ernst & Young (EY) Sri Lanka will be hosting a breakfast event on Early Warning Systems (EWS) on 22nd January 2020 at Mövenpick Hotel, Colombo 03 from 8.00 am onwards. The event will acquaint the participants with the fundamentals of EWS and the implementation of the same in banks. The event primarily targets the Chief…
President of the Chartered institute of Management Accountants (CIMA) Mr. Amal Ratnayake was recently hosted at the Colombo Stock Exchange (CSE) for a special market opening ceremony organized to celebrate the professional management accounting body’s 100-year anniversary. CIMA Regional Vice President Mr. Venkkat Ramanan, Country Head Ms. Zahara Ansary, Immediate past Chair of the Country…
This brief report of the Perceived Economic Opportunity (PEO) presents the analysis of a random survey carried out using a random sample of 400 men and women covering all districts in Sri Lanka on their expectations of economic prospects in the ensuing twelve months. STATUS OF JOB PROSPECTS OR BUSINESS PERFORMANCE Analysis of the…
By David Wilcock, Whitehall Correspondent for Mailonline and Larisa Brown, Defence And Security Editor For The Daily Mail Boris Johnson hit back at the US over the its opposition to Chinese tech giant Huawei being involved in the UK’s 5G network today, demanding Washington ‘tell us what the alternative is’. In a blunt message to…
CIMA President Amal Ratnayake yesterday (16) stated that the country is witnessing drastic technology-led change and businesses are operating in an increasingly complex and ambiguous world. “We understand the need to continuously push forward and adopt. Today businesses are operating in an increasingly complex and ambiguous world. Unprecedented changes and technological innovations are transforming the…
Manufacturing PMI expanded at a slower pace in December 2019 recording an index value of 54.3 mainly due to the slower expansion in New Orders, Production and Stock of Purchases. All the sub-indices indicated an expansion, yet at a slower pace, compared to November 2019. New Orders and Production expanded at a slower rate owing…
SLTPB made its first successful participation for the year 2020 at South Asia’s Travel & Tourism Exchange (SATTE) 2020 in New Delhi, India from 8th to 10th January 2020. The colorful Sri Lanka stall showcased the creative thinking of the Sri Lankan people, and a Cultural dance troupe entertained the visitors to their hearts content….
The third largest investor of Softlogic Life Insurance PLC, State Street Munich C/O Ssbt-Deg-Deutsche Investitions-Und Entwicklungsgesellschaft MBH, has sold its 19% stake to Milford Ceylon Pvt Ltd, in a Rs. 2.6 billion trade. During this transaction, 71,250,000 were traded at Rs.37.00 each, a market disclosure said. However, along with the transaction, there have been a…
Finance Ministry has appointed four new high-profile Non executive Directors to the Board of Bank of Ceylon effective from 14 January 2020. Accordingly, Mr.P.Lalith P.Withana, Mr.G.Harsha Wijayawardhana, Mr.Hasitha Premaratne, and Visakha Amarasekere have been appointed to the board. Lalith P.Withana was appointed to the BOC board on 14 January 2020 as a non-executive director. He…
Fitch Ratings has affirmed SriLankan Airlines Limited’s (SLA) USD175 million government guaranteed 7% unsecured bonds due 25 June 2024 at ‘B’. KEY RATING DRIVERS The airline’s bonds are rated at the same level as SLA’s parent, the government of Sri Lanka (B/Negative), due to the unconditional and irrevocable guarantee provided by the government. The state…
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