Amãna Bank has introduced the convenience of Online Account Opening to facilitate its customers with an easy and time saving method of opening an account without going through the hassle of writing on forms. Introduced as a part of the Bank’s digitization strategy, the Online Account Opening platform is accessible on the Bank’s website www.amanabank.lk,…
Keells Super announced the completion of a fundraising campaign for the Little Hearts Project, with the donation of Rs. 2.5 million towards the treatment of children diagnosed with Congenital Heart Disease (CHD) and critical illnesses. Proceeds of the fundraising campaign will be utilized to improve high end facilities to treat children at the Lady Ridgeway…
Reuters – Sri Lankan conglomerate Hayleys Plc is to buy a 61.73 percent stake in Singer Sri Lanka Plc for 10.9 billion rupees ($71 million), the company said on Wednesday. Hayleys said it has agreed to buy the stake from Retail Holdings (Sri Lanka) BV at a price of 47 rupees per share and in…
Reuters – Sri Lankan shares closed little changed on Wednesday as local investors wait to see the real impact of the new tax bill, brokers said. The Colombo stock index ended 0.07 percent weaker at 6,372.70. It fell 0.2 percent last week, its eighth straight weekly drop. “Market is holding on with some crossings (block…
Adjudged ‘Best Commercial Bank of the Year’ and receives ‘Best Innovation in Retail Banking’ for 2017 The Commercial Bank of Ceylon won the awards for the ‘Best Commercial Bank of the Year’ and ‘Best Innovation in Retail Banking’ presented by the prestigious UK based quarterly publication ‘International Banker.’ This is the first time…
The European Union today praised the Government of Sri Lanka for the progress made in advancing human rights, labour and environmental standards, but stressed that there were still many areas where reform had yet to be delivered. A team of senior officials from Brussels have been in the country for the last 10 days on…
Sri Lanka unveiled its first ever SME incubator on 13 September and vowed its third generation economic reforms shall be led by innovation, technology transfer and SMEs. “We need to change our traditional mind-sets and think anew” said Prime Minister Ranil Wickremesinghe on 13 September in Makandura Industrial Zone of the Ministry of Industry and…
Colombo (AFP) – Sri Lanka is to launch its first official cannabis plantation to supply the traditional medicine market and export to the United States, the health minister said Wednesday. Rajitha Senaratne said the 100-acre (40-hectare) cannabis farm, which could produce more than 25 tonnes a year and would be under military protection, would ensure…
The “Invest Sri Lanka Investor Forum” organized by the Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) in association with CSE Member Firms and leading Listed Companies will be held on 16th October 2017 at the Sofitel New York. The Forum is organized with the objective of promoting investment…
Cargills Bank Limited is pleased to announce the divesture of 80.34% stake controlling interest in Colombo Trust Finance PLC (CTF) to Dialog Axiata PLC. Upon obtaining approval from the Monetary Board of the Central Bank of Sri Lanka the transaction was successfully completed on the 12th of September 2017 through a crossing transaction on the Colombo…
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