The Financial Intelligence Unit of the Central Bank of Sri Lanka (FIU-Sri Lanka) entered into Memorandums of Understanding (MOUs) with the China AML Monitoring and Analysis Centre and Financial Intelligence Unit (FIU) of the Kingdom of Bhutan at the 20th Annual Meeting of the Asia/Pacific Group on Money Laundering (APG), held in Colombo during 17th…
“Our labour force should step up and needs exposure to a higher level of skills if Sri Lanka is serious about seizing maximum advantage of the ‘One Belt-One Road’ (OBOR) initiative” expressed Sunshine Holding’s Group Managing Director, Vish Govindasamy, speaking at the ‘Belt and Road initiative – transformative opportunity for Sri Lanka’ panel at the…
Advantis Bunkering was recently awarded the International Occupational Health and Safety Assessment Series certification or OHSAS 18001:2007 by Société Générale de Surveillance (SGS), the world’s leading inspection, verification, testing and certification company. The certification covers all three legal entities of the business; Moceti International (Pvt) Limited, Lanka Bunkering Services (Pvt) Limited and Lanka Maritime Services…
The Sri Lanka Retailers’ Association (SLRA) www.slra.lk under the patronage of the Ministry of Tourism Development and Christian Religious Affairs and in collaboration with the Sri Lanka Tourism Promotion Bureau (SLTPB) www.srilanka.travel is organizing the ‘Colombo International Shopping Festival’ (CISF) during the entire month of October 2017. A Joint promotional initiative is underway under a…
The Ceylon Chamber of Commerce will conduct a seminar to announce the launch of “Best Corporate Citizen Sustainability Award 2017” (BCCS Award 2017) and also brief the prospective applicants on the criteria and the process of applying for the competition. The seminar, to be held on the 11th August 2017 at the Ceylon Chamber of…
The fifth annual CFA Sri Lanka Capital Market Awards 2017 was held at the Hilton Colombo recently, under the theme “Sharpen Your Investment Edge”; with the objective of encouraging those in the investment profession locally to uphold standards of best practice, excellence, and financial market integrity. The speakers of the evening focused on consumerism and macroeconomic the…
DFCC Bank was awarded a Certificate of Merit for “Outstanding Business Sustainability Achievement” at the Karlsruhe Sustainable Finance Awards organised by the Global Sustainable Finance Network which was recently held at the Karlsruhe City Hall, Germany. The Karlsruhe Sustainable Finance Award honours financial institutions and organisations that have made significant contributions to the field of…
Fuelled by impressive growth in its consumer and agri-business sectors, diversified Sri Lankan conglomerate Sunshine Holdings reported impressive growth in top and bottom line performances during the first quarter of the current financial year (1QFY18). Consolidated group revenue during the quarter increased by 12.5% Year-on-Year (YoY) to Rs. 5.2 billion, bolstered by strong performances in…
Reuters – Sri Lankan shares fell for a seventh straight session on Friday to their lowest closing level in more than 13 weeks, led by manufacturing and telecommunication stocks. The Colombo stock index edged down 0.06 percent to 6,567.43, its lowest close since May 3. The bourse fell 1.48 percent for the week, its third…
Sampath Bank further extended its growth momentum in the 2nd quarter of the year and recorded a post-tax profit of Rs 5.7 Bn for the six months ended 30th June 2017. This registered an impressive 35.1% YoY growth in comparison to the Profit After Tax (PAT) of Rs 4.2 Bn recorded for the six months…
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