With effect from March 1, 2016, Carl Cruz assumed duties as Chairman of Unilever Sri Lanka, taking the helm from his predecessor, Shazia Syed who has returned to Pakistan to assume her duties as the Chief Executive Officer of Unilever Pakistan. Carl arrived in Sri Lanka from the Philippines, where he last served as the…
The Commercial Bank of Ceylon has broken new ground in technology-enabled convenience by becoming the first bank in Sri Lanka to offer customers an e-Passbook that provides access to details of savings, current, NRFC and RFC accounts on Android and iOS powered mobile devices. A breakthrough digital virtual mobile application offered free by the country’s…
The Department of Census and Statistics (DCS) Sri Lanka, has released the National accounts estimates for the fourth quarter of 2015 and the whole year of 2015. At a press briefing held to disseminate National Accounts Estimate for the fourth quarter of 2015 and the whole year of 2015, it was stated that at constant…
Tokyo Cement Group, the leader in the construction industry, trusted for decades as a supplier of high quality cement announces the recommencement of importing Clinker from Japan. The raw material in cement manufacturing will be for the exclusive use in ‘NIPPON-PRO’, a high-performance cement specially formulated for high risers and super structures. Mr. Dashantha Udawatte,…
Trading at the Colombo Stock Exchange (CSE) temporarily halted due to a sudden power failure at the World Trade Center and recommenced a few minutes ago.
Bahrain says it is ready to engage with Sri Lanka’s economic growth, as they are very confident of the commercial potential Sri Lanka has. This was said by the Principal Advisor to the Prime Minister of Bahrain, Shaikh Salman Bin Khalifa Al Khalifa, when visited the Ceylon Chamber of Commerce during the last week. He…
Bloomberg – Emerging markets are at a turning point with a reversal in sight, said Mark Mobius, executive chairman at Templeton Emerging Markets Group, signaling optimism after the worst annual rout in four years. The “turnaround potential” for Asia is great amid growth in the region, Mobius said in a speech in Kuala Lumpur Tuesday….
SriLankan Airlines is playing an increasingly important role in the campaign by government agencies to crack down on illicit travel through Colombo’s Bandaranaike International Airport (BIA) with 230 persons with false travel documents being apprehended by the airline in 2015. SriLankan Airlines employees work closely with other authorities at BIA such as the Sri Lanka…
The state owned LANKA SATHOSA islandwide store chain will continue to remain with the public and shall not be divested, a top Lankan Cabinet Minister vowed on 15 March.Minister of Industry & Commerce Rishad Bathiudeen, launching Sri Lanka’s International Consumer Rights Day in the Northern city of Vavuniya on 15 March stressed that Sathosa is…
Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), made the following statement in New Delhi at the end of the conference on “Advancing Asia: Investing for the Future,” which was co-hosted by the Government of India and the IMF: “I would like to express my profound appreciation to Prime Minister Narendra Modi…
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