The World University Service Canada (WUSC) in collaboration with Sri Lanka Canada Business Council (SLCBC) of the Ceylon Chamber of Commerce hosted a CEOs breakfast presentation and networking session at the Kingsbury Hotel with Canadian CSR coach Steven Fish, Executive Director of Canadian Business for Social Responsibility (CBSR). This session was graced by the High…
As announced to the public on 10.10.2016, the Monetary Board at its meeting held on 14.10.2016 considered resolution issues pertaining to a number of non-bank financial institutions in the context of relevant legal provisions in the interest of protecting the public trust in the financial system. Accordingly, the Monetary Board approved a resolution mechanism for…
Sri Lanka’s national carrier, SriLankan Airlines has imposed a total ban on the carriage and usage of ‘Samsung Note 7’ on board the SriLankan and Mihin Lanka aircraft with immediate effect. The ban comes into effect subsequent to the series of incident reported on explosions of the device when connected to power. With the Airline’s…
Local and international policymakers, experts and practitioners gathered today in Colombo, Sri Lanka, at the launch of an international roundtable on the role of Sustainable Consumption and Production (SCP) in climate change mitigation and adaptation in Asia. The event was organised by the European Union’s SWITCH-Asia Programme in cooperation with the Ministry of Mahaweli Development…
During the first seven months of 2016, the overall BOP is estimated to have recorded a surplus of US dollars 356.0 million, compared to a deficit of US dollars 1,229.6 million recorded during the corresponding period of 2015.
Foreign investments at the CSE recorded a net inflow of US dollars 10.1 million in July 2016. However, the cumulative foreign investments in the CSE up to end July 2016 recorded a net outflow of US dollars 30.8 million, including net outflows to the secondary market amounting to US dollars 32.2 million and inflows to…
The Minister of Finance Honorable Ravi Karunanayake met with the committee members of the Ceylon Chamber of Commerce recently to obtain their views on the upcoming Budget presentation. The discussion was chaired by Mr. Samantha Ranatunga, Chairman of the Ceylon Chamber of Commerce. During discussions, each committee member was given an opportunity to express their…
Mr. Isuru Samarasinghe was re-elected as the President of the Sri Lanka – Russia Business Council (SLRBC) of the Ceylon Chamber of Commerce for the 3rd consecutive year at the 13th Annual General Meeting held recently at the Russian Cultural Centre. Mr. Priyantha Hapuarachchi and Mr. Buddhapriya Ramanayake were elected as Vice Presidents of the…
Sri Lankan shares closed down for a sixth straight session on Monday with turnover slumping to a six-week low as cautious investors awaited a flurry of corporate results and next month’s national budget. The benchmark index of the Colombo Stock Exchange ended 0.46 percent weaker at 6,452.69, its lowest close since Sept. 21. It shed…
The Commercial Bank of Ceylon’s second issue of debentures for 2016 opens on Monday, 24th October. The Bank is seeking to raise Rs 5 billion with an option to increase it by a further Rs 2 billion to strengthen its Tier II capital and to raise long term funds for expansion. The Listed, Rated, Unsecured,…
Video Story
