DFCC Bank was felicitated as one of the Best Performing Public Quoted Companies in Sri Lanka at the 2015/16 Business Today Top 30 Awards, at an august ceremony on 16th November 2016 held at Hilton Hotel, Colombo. Mr. Arjun Fernando, the CEO of DFCC Bank received the award from the Honorable Finance Minister Ravi Karunanayake….
The Colombo Stock Exchange (CSE) will be conducting a planned failover to the Disaster Recovery site during trading hours using Version 7 of the Automated Trading System (ATS) Disaster Recovery Solution on Friday 25th November 2016. The exercise will be an industry-wide activity as part of the Business Continuity Plan (BCP) of the CSE with…
Becomes World’s Largest Luxury Ayurveda Chain Spa Ceylon Luxury Ayurveda, the global wellness lifestyle brand, this week opened its grand 3000 square foot signature store and Ceylon Lounge in Japan’s prestigious Ginza shopping district, considered to be one of the most exclusive shopping precincts in the world. With this opening, Spa Ceylon is now the…
Malaysia’s telecom giant Axiata Group Bhd’s, Sri Lankan subsidiary Dialog Axiata Plc has announced to form Dialog Business Services (Pvt) Ltd (DBS), a company that will provide business process outsourcing (BPO) services. In an announcement at Bursa Malaysia on Wednesday, Axiata said that it has already informed Colombo Stock Exchange on the new BPO firm…
A new draft bill titled State Enterprises Act would be introduced in Parliament next year, Deputy Minister for State Enterprises Eran Wickremaratne told Parliament today (23 November). The Deputy Minister said this in response to a question by Member of Parliament Buddhika Pathirana on the steps being taken by the government to minimize the losses…
The Securities and Exchange Commission of Sri Lanka (SEC) on the recommendation of the Colombo Stock Exchange (CSE), directed the implementation of a risk based Capital Adequacy Requirement (CAR) of 1.2 times the risk requirement of stockbrokers subject to a minimum liquid capital requirement of Rs 35 Mn. The CAR Rules are applicable to all…
Cabinet has approved a proposal to encourage investors to set up joint ventures together with the State Pharmaceuticals Manufacturing Corporation (SPMC) to manufacture medicinal drugs locally. This comes in the wake of recommendations by the committee of officials to examine widening the process of manufacturing quality drugs locally with minimal cost. The government has further…
The EASL (Exporters’ Association of Sri Lanka), whilst understanding the current state of the economy, find this budget is more of a corrective nature. It does not address the need to progress the export industry. Aspect such as improving standards of education, encouraging the growth of competitiveness of SMEs, aiming to attract FDIs and setting…
Sri Lankan High Commission in Ottawa in collaboration with the Sri Lanka Tourism Promotion Bureau (SLTPB) and the Sri Lanka Tea Board participated at the International Tourism and Travel Show 2016 in Montreal. This show is one of the largest events in the Canadian travel calendar and saw the participation of 400 exhibitors. It was…
The foundation stone laying ceremonies for establishing two vocational training institutes in Sri Lanka (Vocational Training Centre in Colombo Central; and College of Technology in Gampaha) were held on 17th and 21st November, 2016 respectively under the patronage of the Ambassador of the Republic of Korea to Sri Lanka, Chang, Won-sam, Minister of Skills Development…
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