Sunday, 30th August 2015

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Today, Colombo, Sri Lanka

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Business

President Maithripala Sirisena promised that the Government will act on the recommendations on the committee appointed to investigate possible wrongdoing in the controversial issuance of Central Bank Bonds. 

Full Article Wednesday, 20 May 2015 12:16

Sri Lanka Tourism and Promotion Bureau (SLTPB) is to spend Rs.1.5 billion to partner with an internationally recognized advertising agency and multiple Public Relations firms in a fresh move to promote Sri Lanka as a viable tourist destination, a senior official attached to SLTPB said last week. According to...

Full Article Saturday, 16 May 2015 00:00

Sri Lanka’s economy is expected to grow by 7.5% in 2015 and witness a growth of 7.6% in 2016, the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) report released on Thursday stated. The report titled ‘Economic and Social Survey of Asia and the Pacific 2015’ was launched at the International Policy Studies...

Full Article Saturday, 16 May 2015 00:00

The 16th Congress of the International Colored Gem Stone Association, which is slated to be held from May 16th to 19th at the Cinnamon Grand Hotel, was inaugurated by President Maithripala Sirisena who is also the Minister of Mahaweli Development and Environment on Sunday.

Full Article Saturday, 16 May 2015 00:00

Financial analysts and experts have urged the necessity for a mechanism to keep a check on Registered Investment Advisors (RIAs) employed by stock brokering houses and market intermediaries in order to ascertain their standards, ethics and background information for the benefit of market investors and stakeholders.

Full Article Saturday, 16 May 2015 00:00

The Commercial Bank of Ceylon PLC has made a steady start to 2015, with profit after tax of Rs 2.509 billion for the three months ended 31st March, an improvement of 10.1% YoY.A robust YoY growth in loans and receivables coupled with customary strong deposit growth and lower cost of funds contributed to this growth by generating...

Full Article Saturday, 16 May 2015 00:00

Sri Lanka has been ranked 60th on the 2014 Global Human Capital Index (HCI), an increase of 17 spots since 2013. The list, compiled by World Economic Forum see Finland at the top followed by Norway, Switzerland, Canada, Japan, Sweden, Denmark, Netherlands, New Zealand and Belgium. The index measures countries in terms of the economies leveraging their human capital.

Full Article Saturday, 16 May 2015 00:00

The Chairman of the Colombo Stock Exchange (CSE) and Central Depositories Systems (Pvt) Ltd, Vajira Kulatilaka last week said the CSE has commenced a re-branding exercise with the implementation of the new state-of-the-art new generation Millennium Central Securities Depository (CSD) in November 2014.

Full Article Saturday, 16 May 2015 00:00

Michel Nugawela will introduce Leadership Archetyping at a VIP CEO Breakfast Forum on May 25 to an audience of CEOs and leaders in government and not-for-profit. Michel brings over two decades of senior level corporate consulting in brand strategy and identity development with related specialization in change strategies across newly rebranded or repositioned organizations.

Full Article Saturday, 16 May 2015 00:00

The National Chamber of Exporters of Sri Lanka (NCE), the only private sector Chamber which exclusively serves Sri Lankan exporters has joined hands with Verité Research to conduct research and policy advisory on specific trade related topics.

Full Article Saturday, 16 May 2015 00:00

Work In Sri Lanka (WISL), a volunteer-led brain gain initiative that aims to position Sri Lanka as an attractive work destination, for highly skilled individuals and high caliber businesses, will hold its quarterly meet up in Colombo on Tuesday, 19th May at 6.30pm at Clique. This networking event is for people who have recently settled down...

Full Article Saturday, 16 May 2015 00:00

The National Mobile Service Provider, Mobitel in view of World Telecommunication and Information Society Day 2015, reiterated the company’s commitment to spearhead the advancement of technological innovation and growth in all spheres of national development and progress. Mobitel expressed its commitment to push boundaries by creating the pathway for ICT innovation, while remaining the key stakeholder of...

Full Article Saturday, 16 May 2015 00:00

A total of 23 high profile corporate directors were bestowed with the ‘Accredited Director’ status, while 58 directors were awarded with certificate of participation by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and the Securities and Exchange Commission (SEC) last week for successfully completing the Corporate Directors Program.

Full Article Saturday, 16 May 2015 00:00

Following the financial crisis, the banking model was criticized for being inherently unstable. There were two key reasons for this instability: first, the fractional reserve model in which banks keep a percentage of their deposits within the coffers and lend or invest the rest was thought to encourage irresponsible decision-making.

Full Article Saturday, 16 May 2015 00:00

Amana Global, a fully owned subsidiary of Amana Takaful PLC last week organised their first ‘Leadership Series’ evening meeting at the Hilton Colombo Residences in Colombo. At the event, Deputy Minister Eran Wickramaratne made the keynote address on the topic of ‘Sri Lanka towards 2020’ – outlining Sri Lanka’s investment strategy and policies needed to support it.

Full Article Saturday, 16 May 2015 00:00

The National Mobile Service Provider, Mobitel, which aims to select a winner every minute of each day through its Cash Bonanza draw, has rewarded 44,686 customers during the month of March through the giveaway of cash prizes worth over a staggering 215 lakhs.

Full Article Saturday, 16 May 2015 00:00

The latest in the high-end lineup of LG’s innovative curved smartphones, the G Flex 2, is creating a huge sensation in the global smartphone market. It’s the second curved smartphone from LG, and it offers several new features over last year’s model, while also included some solid hardware specs to make it a resounding flagship device.The LG G Flex 2 is boldly...

Full Article Saturday, 16 May 2015 00:00

173 persons who have joined the service of National Savings Bank were granted appointments by Minister of Finance, Ravi Karunanayake recently at the Central Bank Training Center Auditorium in Rajagiriya.

Full Article Saturday, 16 May 2015 00:00

Hatton National Bank PLC continued its growth momentum with Group PBT increasing by 92% to Rs 3Bn and Group Profit after Tax (PAT) increasing by 79% to Rs 2Bn in Q1 2015.Commenting on the strong performance, Jonathan Alles, Managing Director/CEO of HNB PLC stated that “we are pleased with the robust growth recorded during the first quarter of 2015 amidst volatile market conditions.

Full Article Saturday, 16 May 2015 00:00

Life insurance leader Ceylinco Life has strengthened its presence in Sri Lanka’s northern region with the opening of a new branch office in Kilinochchi. Formally declared open by the company’s Director/Deputy CEO Thushara Ranasinghe, the 1900 square-foot office on the Kandy Road has ample parking for customers.

Full Article Saturday, 16 May 2015 00:00

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