DFCC Bank has successfully raised funds in the Middle East on the strength of its credentials and sound track record established over a period of 61 years. Witnessing growth across all its sectors, DFCC Bank has evolved into a technology-backed modern commercial bank that meets the aspirations of both its commercial and development clients. This…
In a joint effort to enhance and promote the accounting profession further in the country, the University of Colombo and the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), signed a Memorandum of Understanding (MoU) this week. The MoU allows both the accounting academia and it’s practitioners to collaborate and carry out a…
Reuters – Sri Lankan stocks ended lower for a second session on Thursday, on profit-taking in mainly blue chip consumer shares. The benchmark index of the Colombo Stock Exchange closed 0.19 percent down at 6,566.96. It hit a six-week high on Tuesday after gaining for six consecutive sessions. “It is healthy profit-taking. There was not…
Cancer in Sri Lanka is steadily on the rise. Responsible for nine percent of NCD (Non-Communicable Disease) deaths in the country, Sri Lanka’s cancer trend is similar to that of Western countries. According to the World Health Organization (WHO), Sri Lanka ranks the highest in NCDs in Southeast Asia and the country’s cancer incidence rate…
The Commercial Bank of Ceylon recently received The Asian Banker award for ‘The Strongest Bank in Sri Lanka in 2016’ at an awards ceremony in Geneva, Switzerland on the side-lines of SIBOS, the annual conference, exhibition and networking event of the financial industry. Commercial Bank’s Executive Director and Chief Operating Officer Mr S. Renganathan accepted…
The pristine island of Sri Lanka with its serene Buddhist culture will make-way for a technology pit-stop for one of the world leaders in the concept of ‘collaborative Robotics’. Universal Robots, a Danish robot manufacturer which invented and pioneered collaborative robots or ‘co-bots’ as they are popularly called, presented this technology to the Sri Lankan…
The Ceylon Chamber of Commerce has started to seek the opinion of its members on crucial economic and business issues via an ‘Online Poll’, system, thus launching another medium, it will use in the future to engage with its members and also other relevant stakeholders. The latest move is already launched via the CCC website…
In terms of the provisions of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), the Financial Intelligence Unit (FIU) of Sri Lanka entered into a Memorandum of Understanding (MOU) with the Department of Immigration and Emigration on September 27, 2016 at the Central Bank of Sri Lanka to receive information in order to…
Sri Lanka’s iconic Elephant House has signed up with a UK-based bottling facility for the production of 1.5 litre PET plastic variants of its much-loved Necto, Cream Soda and Orange Barley beverages. Planned to ultimately facilitate increased exports into the European market, this new bottling deal by Sri Lanka’s beverages pioneer immediately targets sustained expansion…
The Brandix Group has confirmed it will support the annual National Occupational Safety & Health (OSH) Conference of Sri Lanka for the seventh consecutive year as a key sponsor. Organised by the National Institute for Occupational Safety and Health (NIOSH) of the Ministry of Labour, this year’s conference, which is part of the National Occupational…
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