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Lankaputhra Development Bank Chairman leaves

The Monetary Board has informed Lankaputhra Development Bank Limited Chairman Deshabandu Lasantha Goonawardena that he cannot remain in his position any longer. This announcement had been made by the Monetary Board after having obtained the Attorney General’s advice. The Bank Supervision Department of the Central Bank of Sri Lanka had announced on 24 March 2016…

(0)Comments | September 5, 2016 2:39 pm

CCC’s ‘Sustainability Competition 2016’ sees a surge in demand, as Sampath Bank puts 2015 victory as one of its ‘Best’

As the Ceylon Chamber of Commerce is calling applications to recognize and reward the ‘Best Corporate Citizen Sustainability Champions of the year 2016’, its previous year’s winner Sampath Bank says the victory is placed among the Bank’s most prestigious and respected achievements. “The recognition received by an awarding body of such magnitude is an honor…

(0)Comments | September 5, 2016 1:18 pm

The Sky’s the Limit: Domino's Announces Partnership with Flirtey for CAA-Approved Drone Deliveries

Domino’s Pizza Enterprises Limited (Domino’s) joined forces with the global leader in drone deliveries, Flirtey to launch the first commercial drone delivery service in the world. The two companies exhibited the first stage of their partnership with a demonstration of pizza delivery by drone in Auckland, New Zealand on August 25th 2016. The successful demonstration…

(0)Comments | September 5, 2016 12:10 pm

Advantis Extends Port Side Logistics Support to USS Frank Cable

Advantis Marine, the marine services arm of Hayleys Advantis Limited, offered end-to-end port side logistics support to the USS Frank Cable (AS-40) submarine tender vessel during its recent refueling and port visit to Sri Lanka. Advantis provided all port agency and husbandry services to the vessel while it was berthed at the East Container Terminal…

(0)Comments | September 5, 2016 12:07 pm

Malaysia's 1H16 Exports To Sri Lanka Jump 44 Per Cent to RM414.05 Million

Malaysia’s exports to Sri Lanka jumped 44 per cent to RM414.05 million in the first half of the year, up from RM286.23 million in the same period last year. Plantation Industries and Commodities Minister (Malaysia) Datuk Seri Mah Siew Keong said the increase was largely contributed by palm oil products valued at RM267.71 million, as…

(0)Comments | September 5, 2016 10:47 am

International Seminar On Accrual Accounting And Implementation Of International Public Sector Accounting Standards (IPSAS)

CA Sri Lanka along with its Public Sector Wing (APFASL) is organizing an International Seminar on Accrual Accounting and implementation of International Public Sector Accounting Standards (IPSAS) as part of SAFA events with the assistance from World Bank in November this year. This seminar will be held along with the Board Meeting and Committee Meetings…

(0)Comments | September 5, 2016 10:42 am

Akbar Brothers Partners With Trail 2016

The Akbar Brothers KAF Foundation recently announced its partnership with Trail 2016 as a as a Platinum Sponsor, at a ceremony held at their head office at Colombo 10. Trail, Sri Lanka’s largest ever crowd funded charitable initiative, raised US$ 2.6 million in 2011 to build the Tellippalai Trail Cancer Hospital. The hospital is the…

(0)Comments | September 5, 2016 10:12 am

Sri Lankan stocks close steady; foreign buying boosts turnover

Reuters – Sri Lankan shares ended steady on Friday, with falls in hotels and travel companies offsetting gains in diversified holdings and health care stocks, while foreign buying helped boost turnover. The benchmark Colombo stock index ended 0.02 percent weaker at 6,539.09 and posted its second straight weekly loss, of 0.2 percent. Foreign investors, who…

(0)Comments | September 4, 2016 1:55 pm

CDS Celebrates 25 Years in the Sri Lankan Capital Market

Central Depository Systems (Pvt) Ltd (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE), celebrates 25 years in the Sri Lankan Capital Market today. The CDS was established by the CSE in 1991, marking a historic breakthrough in clearing and settlement in Sri Lanka. The milestone was celebrated at a market opening ceremony…

(0)Comments | September 2, 2016 4:36 pm

SAARCFINANCE Coordinators’ Meeting held in Colombo on 1st September 2016

The Central Bank of Sri Lanka hosted the 24th SAARCFINANCE Coordinators’ Meeting at the Central Bank premises, Colombo, on 1st September 2016. The 24th SAARCFINANCE Coordinators’ Meeting was attended by SAARCFINANCE Coordinators and Focal Points from the Central Banks and Ministries of Finance in the SAARC region. The broad objective of SAARCFINANCE is to promote…

(0)Comments | September 2, 2016 12:40 pm