Only Sri Lankan bank to win two awards from prestigious magazine The Commercial Bank of Ceylon has annexed two more prestigious international awards, being adjudged the ‘Best Domestic Bank’ and the ‘Best Digital Bank’ in Sri Lanka by Asiamoney, considered the most authoritative voice for the banking industry in the Asia Pacificregion. Asiamoney’s Best Domestic…
Sri Lanka’s most diversified conglomerate, Hayleys PLC announced the appointment of Noel Laxman Sanath Joseph to its Board of Directors. Serving as an Independent Non-Executive Director to the Group with effect from 15th March 2017, Joseph is a well-respected industry veteran, possessing over 29 years of experience in the field of engineering and engineering consultancy,…
~ Shares Learnings from Sri Lanka’s Migration to Risk-Based Capital Framework Veteran Sri Lankan Insurer and Managing Director of Janashakthi Insurance PLC, Prakash Schaffter was invited to share his learning from the Sri Lankan Insurance sector’s shift to the Risk-Based Capital (RBC) framework, at the 3rd Asia Conference on Risk-Based Capital in Manila, Philippines recently….
The secondary trading of the latest company listed under the Colombo Stock Exchange (CSE), BPPL Holdings Limited, will kick off tomorrow (04 April). Accordingly, 306,843,357 voting shares of this company would be listed under the Diri Saviya Board of the CSE under the Manufacturing Sector. During the Initial Public Offer at Rs. 12.00 per share…
Ministry of Industry and Commerce has initiated a program to support local small scale industries, whose annual turnover is less than Rs. 250 million and permanent employment is less than 50 on the 1st January 2017, to obtain Good Manufacturing Practice (GMP) certificate with the intention of improving industry productivity, sustainability, food safety and hygiene….
Sri Lanka’s pioneering apparels and fashion entity has embarked on an ambitious project – the 645,000 square feet ODEL Mall complex. This would not be limited to a mere fashion apparels showroom but include restaurants, cinema halls, food courts, luxurious premium apartments etc, as portrayed by a latest video clip released by ODEL. This complex…
Reuters – Sri Lankan shares closed at their highest in nearly three weeks on Friday, rising for a fourth straight session on purchases by foreign investors and on quarter-end window dressing, stockbrokers said. The Colombo stock index ended 0.36 percent firmer at 6,061.94, its highest close since March 13. The index rose 1.1 percent on…
Finance Minister Jaitley inaugurates the new EIB Regional Representation for South Asia in New Delhi, following agreements for EUR 450m of new support for sustainable transport and renewable energy projects The European Investment Bank’s first permanent office in India was formally opened earlier today, by Arun Jaitley, Finance Minister of the Republic of India, Werner…
A Supplementary Loan Agreement was signed Thursday (30) in Kuwait between the Democratic Socialist Republic of Sri Lanka and Kuwait Fund for Arab Economic Development (the Fund) whereby the Fund will make a Loan of Kuwaiti Dinars five million (K.D.) 5,500,000/- (equivalent to about U.S.$ 17 million) to assist in financing the additional costs of…
Reuters – Sri Lankan shares rose for a third straight session on Thursday, closing at their highest in more than one week, helped by foreign investor buying and quarter-end window dressing, stockbrokers said. The Colombo stock index closed 0.31 percent firmer at 6,040.18, its highest close since March 21. On Monday, it had closed at…
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