To recognize the exemplary success of women entrepreneurs in the SAARC region and to create strong role models to draw inspiration from, the SAARC Chamber Women Entrepreneur Council (SCWEC), under the leadership of its Chairperson, Rifa Musthapha will host the first ever SAARC Woman Entrepreneur of the year Award in Colombo on March 2nd. …
Sampath Bank recorded a Profit before Tax (PBT) of Rs 18.3 Bn for the year ended 31st December 2018, up by 10.5% against Rs 16.6 Bn earned in 2017 after making necessary adjustments as per the SLFRS 9 new accounting standard which required impairment provisioning to be shifted from the incurred credit loss method used…
Amãna Bank, having paid its inaugural dividend payment in 2018, continued its profit momentum to end the year on a significant note, despite the challenging market environment. Profit Before Tax recorded LKR 902 million, reflecting a YoY growth of 22%. The PAT for the same period was up by 11% recording LKR 556 million, after…
The British Council of Sri Lanka announced this week that it continues to strengthen its longstanding partnership with the Government of Sri Lanka in education and skills development. The British Council has been working for nearly seventy years with the Government of Sri Lanka across a range of ministries and departments. In 2017, British Council’s…
Veteran business leader and Chairman of Laugfs Holdings, W.K.H. Wegapitiya, was conferred the “Hall of Fame” award by the Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) at the sixteenth edition of the FCCISL Sri Lankan Entrepreneur of the Year Awards 2018 held recently at BMICH. Appraising his outstanding contribution made to…
The Colombo Stock Exchange (CSE) announces the appointment of Mr. Dimuthu Sanjaya Abeyesekera and Mr. Murtaza Jafferjee as Directors of the CSE Board with effect from 1st February 2019. Mr. Dimuthu Sanjaya Abeyesekera serves as Director/CEO of Asha Phillip Securities Ltd, which is affiliated to Phillip Capital Singapore, a specialized financial services organization managing assets…
With the announcement that the Nursing and Midwifery Council (NMC) in the UK has changed its English language proficiency requirements for overseas applicants, the British Council in Sri Lanka has identified the change as an opportunity for nurses and midwives seeking to work in the UK. The British Council administers IELTS (International English Language Testing…
Reuters – ** Sri Lanka’s rupee ended weaker on Tuesday, as banks bought dollars to facilitate stock-related outflows and importer greenback demand, market sources said. ** The stock market closed down as foreign investors continued selling for the second straight session on Tuesday. ** The rupee closed at 178.30/40 per dollar, compared with Monday’s close…
IndiaTimes – Global warming, air pollution and other such environmental anomalies are not news to many around the world. Yet, it is seldom that anyone takes the responsibility of tackling these issues on their own. Sasiranga De Silva, a 33-year-old engineer from Sri Lanka is one such personality, and his efforts have most recently been…
SriLankan Engineering, the aircraft Maintenance-Repair-Overhaul (MRO) arm of Sri Lanka’s national carrier, achieved another milestone when it successfully carried out its first C-check on an Airbus A320neo aircraft of the SriLankan Airlines fleet at its main hub at Colombo’s Bandaranaike International Airport (BIA). Vipula Gunatilleka, Chief Executive Officer of SriLankan Airlines, said: “The highly…
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