Kumbukage Dharmasiri has been appointed to the Board of the Commercial Bank of Ceylon PLC as a Non Executive Independent Director with effect from 21 July, 2015. A brief resume of K. Dharmasiri:
The National Long-Term Rating of Commercial Bank of Ceylon PLC has been affirmed at ‘AA(lka); Stable Outlook’ by Fitch Ratings Lanka (FRL). Commercial Bank’s Basel II compliant outstanding subordinated debentures have been affirmed by Fitch at ‘AA-(lka)’. In a recent report, the agency said: “Fitch considers Commercial Bank as the strongest bank in this peer…
Toshiba’s chief executive and president Hisao Tanaka has resigned after the company said it had overstated its profits for the past six years. He will be succeeded by chairman Masashi Muromachi, with vice-chairman Norio Sasaki also stepping down. On Monday, an independent panel appointed by Toshiba said the firm had overstated its operating profit by…
Colombo equities continued to remain on red in Tuesday’s thin trading session. Benchmark index advanced to 7,158 mark in the morning session but closed below at 7,145.59, down by 2.27 index points (-0.03%). 20-scrip S&P SL index declined below 4,000 mark to close at 3,994.97, down by 12.55 index points or 0.31%. Price decline in…
Lanka IOC PLC (Lanka IOC), the Sri Lankan subsidiary of India’s largest oil refiner Indian Oil Corporation Ltd, says it is aiming to sell 10,000 mt of MGO and 380 CST by the end of 2015, Platts reports. The company has already reportedly sold 4,000 mt of both 380 CST and MGO since its Trincomalee…
The Chinese funded refurbishment of Sri Lanka’s Supreme Court complex has been completed on time recently by China’s Jiang Xi Province Construction Company. Sri Lanka’s Supreme Court complex was constructed in 1989 with Chinese government assistance. The roofs and the auditorium of the complex were completely renovated recently on the request of the Sri Lankan…
The construction of a separate terminal has been planned at the Colombo harbour to dock large cruise ships used for tourist transport, said Sri Lanka Ports Authority Chairman Lakdasa Panagoda. While speaking at a meeting hosted by the Ceylon Chamber of Commerce, he added that the new government has been actively planning this project during…
Nissan is set to offer a choice of Leafs with different batteries increasing the electric car’s range up to the 250-mile mark The UK’s best-selling electric car, Nissan’s Leaf, will be able to go further on each charge from 2016 as Nissan is set to offer a 30kw battery in addition to the current 24kw…
Vocational Training Authority (VTA) announced the inauguration of two vocational training institutes in Trincomalee on 8 July 2015. The ‘Vocational Training in the North and East of Sri Lanka’ (VTN) project is a bilateral cooperation between the Democratic Socialist Republic of Sri Lanka and the Federal Republic of Germany. The project is implemented by Deutsche…
This summer, Emirates’ award-winning ice entertainment system debuts two famous YouTube channels ‘Cute Girls Hairstyles’ and ‘Brooklyn & Bailey’. Known for their hairstyle tutorials, fashion and beauty vlogs, the two channels have over 5 million subscribers and over half a billion views combined on YouTube. Families gearing up for their summer break can look forward…
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