Senior Attorney-at-Law Kanchana Ratwatte today officially assumed duties as the new chairman of the Bank of Ceylon (BOC). He assumed duties following a brief ceremony at BOC Head Office in Cololmbo. Ratwatte is the former Director General of the Telecommunications Regulatory Commission of Sri Lanka (TRCSL). He obtained his primary and secondary education at Trinity…
Crisis hit finance firm, The Finance Company PLC (TFC) has called Expressions of Interest (EOI) from prospective strategic investors for Equity Investment in the firm. This was resolved by the TFC’s Board of Directors during a meeting held on the 31st of December 2019. In a letter directed to the Colombo Stock Exchange, the TFC mentioned…
Creates interest about Marina Square – Uptown Colombo amongst the Chinese delegates Marina Square – Uptown Colombo, Sri Lanka’s first and largest harbor front development project, attracted the attention of outstanding entrepreneurs, representatives of the real estate industry and people of all circles in China at the recently held Sri Lanka Investment Opportunity and Real…
LAUGFS Corporation (Rubber) Ltd (LAUGFS Rubber) recently unveiled the latest addition to its product portfolio with its Super Solid Loader Grip Tyre, the largest tyre to be manufactured in Sri Lanka. LAUGFS Super Solid Tyres are designed with extra deep tread and robust lugs to provide traction and durability for tough off the road applications…
Import of Ethanol for the manufacture of liquor has been banned on the orders of Prime Minister Mahinda Rajapaksa. The Ministry of Finance issuing a press release stated that the ban will be implemented from today (January 01). Reportedly, this action has been taken considering that Ethanol is widely produced within the country.
Spiralation, a tech-startup supportive program organized by the Information and Technology Agency of Sri Lanka (ICTA) facilitated 16 tech startups through seed funding, comprehensive training, workshops and guidance. Twelve selected startups were funded 1.5 million each along with comprehensive training, endorsement by the government and opportunities to develop locally and internationally and the other four…
Business sentiment continues to improve in the aftermath of the presidential poll The trade deficit contracted in October on the back of lower expenditure on imports and a marginal drop in export earnings. According to the Central Bank of Sri Lanka, a decline in cumulative expenditure on imports and an increase in export inflows resulted…
The Central Bank of Sri Lanka has permitted Axis Bank Ltd and ICICI Bank Ltd to close down their business operations in Sri Lanka, subject to certain conditions, at the request of their parent banks. Accordingly, these two banks are currently not permitted to carry on banking business, including accepting deposits from the general public….
Colombo International Container Terminals (CICT) has announced it handled a total of 2.9 million teus in 2019, achieving an 8.6 per cent increase in its throughput and accounting for 40 per cent of the volume of the Port of Colombo in the 12 months ending 31st December 2019. The Company, which manages the Colombo South…
An updated version of the official mobile application launched by the Colombo Stock Exchange (CSE) is now available for download for Android and IOS users. The updated app features a modern interface and aims to offer users greater access to information on the stock market and scope for personalization. With the new app, users will…
Video Story
