Inflation, as measured by the change in the National Consumer Price Index (NCPI) (2013=100), which is compiled by the Department of Census and Statistics, increased to 4.7 per cent in September 2016 from 4.5 per cent in August 2016, on year-on-year basis. Both Food and Non-food categories contributed towards the year-on-year inflation in September 2016….
Australia has created a lot of jobs in the past year, over 180,000, in fact. However, it could be even higher. Something is holding it back: skill shortages among workers. According to the latest ManpowerGroup Talent Shortage Survey, released earlier today, 38% of the more than 1,500 firms surveyed across Australia reported difficulties filling job…
Asiri Central Hospital today announced that it has earned Joint Commission International’s Gold Seal of Approval® for Hospital Accreditation by demonstrating continuous compliance with its internationally-recognized standards. The Gold Seal of Approval® is a symbol of quality that reflects an organization’s commitment to providing safe and effective patient care. Asiri Central hospital underwent a rigorous…
A media briefing was held recently to raise public awareness on the campaign carried out for the last 12 years by Caltex, ‘Maha Magata Yaha Magak’ or ‘Drive Wise & Embrace Life’. Chevron Lanka Lubricants PLC joined hands with the Sri Lanka Police Department, the ’82 Group of S Thomas College, and TV Derana for…
Reuters – Sri Lankan shares ended slightly weaker on Thursday, posting their lowest close in a month, as investors awaited next month’s national budget and a flurry of corporate results. The benchmark index of the Colombo Stock Exchange ended 0.03 percent or 2.03 points lower at 6,442.36, its lowest close since Sept. 20, in thin…
MUMBAI: Close to 30 lakh debit cards are understood to have been used in ATMs that are suspected to have exposed card and PIN details to malware at the back end. While State Bank of India+ (SBI) has decided to reissue debit cards to six lakh customers who had used their cards at suspect networks,…
The Ceylon Chamber of Commerce welcomes the move to ease the rule on repatriation of export earnings (increased from the earlier 90 days to now 120 days), as formalised by a Gazette notification issued recently. As the Chamber had pointed out in its representations to the government when it was first announced in April, this…
Sri Lanka’s two-fold bid to build economic momentum and improve investor sentiment on the back of a $1.5bn funding pledge from the IMF will be analysed in a report by the global publishing firm Oxford Business Group (OBG). The IMF expects Sri Lanka’s economy to expand by 5% in 2016, which would represent a three-year…
As the financial year draws to a close, the Commercial Bank of Ceylon has been presented with two more significant global awards in Washington DC and Hong Kong. Commercial Bank Chairman Mr Dharma Dheerasinghe and Managing Director Mr Jegan Durairatnam received the Global Finance award for the Best Bank in Sri Lanka at an awards…
LankaClear (Pvt) Ltd, the operator of Sri Lanka’s National Payment Network – LankaPay, made yet another gigantic stride in the payment and settlement arena by completely automating the cheque clearing cycle by introducing the online transfer mode of the Cheque Imaging and Truncation System (CITS). With this revolutionary initiative, Sri Lanka made history by becoming…
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