The super luxury passenger vessel MV Mein Schif 3 of TUI Cruises with 2,430 passengers and 995 crew on board made her maiden call at the Port of Colombo on 26th November 2018. The vessel was welcomed at the East Container Terminal (ECT) of Sri Lank Ports Authority (SLPA). In order to mark the maiden…
Forbes – China cannot do to the Philippines what it did to Sri Lanka — use the “debt trap” to acquire key sea outposts — because the Philippines economy doesn’t resemble Sri Lanka’s. Sri Lanka’s debt trap saga began with Beijing lending that country funds needed to have its ports upgraded by Chinese construction companies. When Sri…
Sri Lanka’s state owned Bank of Ceylon (BOC) in a filing to stock exchange said that the Finance Minister has appointed new Non-Executive Directors to the Board effective from yesterday. The disclosure further said that Visakha Amarasekere has been appointed as the Ex-Officio Non-Executive Director to the Board of Bank of Ceylon in place of…
Mr. N.A. Umagiliya was appointed as the Chairman, Bank of Ceylon. He has assumed office on Monday 19th November 2018 as the 25th Chairman of Bank of Ceylon. Mr. Umagiliya is a Fellow Member of the Institute of Chartered Management Accountants, United Kingdom and a Member of the British Institute of Management. Mr. Umagiliya is…
The 22nd Annual General Meeting of the Asia-Pacific Central Securities Depository Group (ACG) hosted by Central Depository Systems (Pvt) Ltd (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE), commenced today in Colombo with delegates from 25 depositories and clearing organizations in participation. The event breaks new ground for the Sri Lankan capital…
HNB’s Managing Director and CEO, Jonathan Alles was elected Chair of the Asian Bankers Association by its board of directors, at the conclusion of their 35th Annual General Meeting and Conference, held at Kurumba resort in the Maldives, a position he will hold for the two year period 2018 to 2020. Alles takes over the…
Issuance of a New Circulation Standard Coin Series The Central Bank of Sri Lanka (CBSL) issued a new series of circulation coins with face value of Rs.10, Rs.5, Rs.2 and Re.1 with objectives of reducing the cost of coins minting, increasing the durability of coins, giving more portability and identifying easily by visually impaired people. The first…
Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, partnered China’s leading third-party online payment solution, Alipay, to extend the eZ Cash platform to Chinese tourists in Sri Lanka. Through its first partnership in Sri Lanka, Alipay intends to expand reach by leveraging Dialog’s multiple merchants and touchpoints, extending payment services to Chinese visitors in Sri…
Ceylinco Life Insurance Limited (Ceylinco Life) has announced the appointment of career banker Jegan Durairatnam to its Board as an Independent Non-Executive Director with effect from 14th November 2018. Mr Durairatnam recently retired as Managing Director and CEO of Commercial Bank of Ceylon after a distinguished 36-year career with Sri Lanka’s benchmark private bank,…
Sri Lanka’s financial market regulator Central Bank of Sri Lanka recently requested from Colombo Stock Exchange (CSE) to request listed companies to pay dividends through electronic means and stop issuing paper cheques. Central Bank Governor Indrajit Coomaraswamy addressing Asia-Pacific forum of central depositories in Colombo said that “We encourage and request the CSE to consider…
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