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Reuters: Heineken NV won full control of the maker of Tiger beer on Friday after shareholders of its Asian partner, Fraser and Neave Ltd (F&N), voted in favour of selling the conglomerate’s stake in the brewer for $6.3 billion. The vote ends a two-month battle between Heineken and companies linked to Thai billionaire Charoen Sirivadhanabhakdi ...
- Thai billionaire muscles in on Heineken Tiger beer deal (Category: Business)
- Heineken unsettled by Thai brewer’s $ 1.6 b bid for stake in Tiger Beer (Category: Business)
- Vijay Mallya may sell United Breweries stake to Heineken (Category: Business)
- What’s at stake for Vijay Mallya if Kingfisher fails? (Category: Business)
HDFC Bank, a specialized housing Bank launched the online Banking portal recently enabling customers to have access to their accounts at any time.
- Sell Down (Category: Business)
- Mortgage Profits (Category: Business)
- Containing Risk (Category: Business)
- Off Curve (Category: Business)
AIA Group Limited (andldquo;AIAandrdquo; or the andldquo;Groupandrdquo;) has agreed to acquire a 92.3% stake in Sri Lankan insurer, Aviva NDB Insurance, through Aviva NDB Holdings Lanka (Pvt.) Limited from British insurer Aviva and Sri Lankaandrsquo;s National Development Bank (andldquo;NDBandrdquo;).
- Managing Wealth (Category: Business)
- Premium Pattern (Category: Business)
- Topline Growth (Category: Business)
- Insurance Numbers (Category: Business)
Richardson Projects is a subsidiary of the Richardson Group, which is a pioneer in Sri Lanka’s electrical products and infrastructure industry recently launched the successor to Moeller brand Eaton. Moeller and Eaton, two of the most established and respected names in the electrical sector came together as Eaton acquired Moeller in the year 2008. In ...
- Richardson CFL bulbs take on a new shine (Category: Business)
- Schneider Electric expands retail distribution (Category: Business)
- Phoenix to manufacture world renowned 21st century technology ‘FlowGuard’ (Category: Business)
- Browns Group FY12 revenue tops Rs. 14 b (Category: Business)
The location of Sri Lanka has a strategic significance and this has been proven by the historical trading activities between Sri Lanka and ancient China, Egypt, and the Roman Empire. There is ample evidence to show that Sri Lanka was a main trading hub in Asia. The reasons for occupation of Sri Lanka by the ...
- Accelerating inclusive growth: The role of the external sector (Category: Business)
- Sri Lanka to revive FTA talks with India, China and Thailand (Category: Breaking News)
- Is Sri Lanka geared for globalisation? (Category: Business)
- EDB turns 33 (Category: Business)
The academics are marching. The students are marching. The Muslims are marching. Every day hundreds images of throngs of people shouting slogans and demonstrating blare across television screens, newspapers and of course, the internet. SMS news alerts about road closures and barricades abound as popular discontent rises to the surface through trade union agitation and ...
- No interference in Sri Lanka’s Judiciary, President asserts (Category: Business)
- Divi Neguma Bill to be back anew (Category: Business)
- Northwestern Provincial Council approves the Divi Neguma Bill (Category: Breaking News)
- SC order and govt.’s trial balloon (Category: Breaking News)
Yet another sustainability project was organized by the Corporate andamp; Offshore Banking department of Seylan Bank PLC recently at Gurugoda Kanishta Vidyalaya, Horana.
Citizens Development Business Finance PLC (CDB) recently signed up for the Sri Lanka Interbank Payment System (SLIPS) through Commercial Bank, the first-ever to be so in the non-banking financial institutions category.
Pan Asia Bank ceremonially opened its 73rdandnbsp;Branch in Trincomalee on last Friday (21 September 2012) atandnbsp;No. 459, Dockyard Road, Trincomalee.
The Commercial Bank of Ceylon has opened a second customer service point in Wellawatta, to serve its increasing customer base in that part of Colombo.
The biggest savings bank in Malaysia, Bank Simpanan Nasional (BSN) says through higher loan revenues and increased community banking activities they expect a 25% growth in profitability during 2012.
- Top Marks (Category: Business)
- Islamic Banking (Category: Business)
- Lucky Thirteen (Category: Business)
- Top Marks (Category: Business)
Reuters: Riskier assets fell broadly on Monday, dragging down Asian shares, copper and oil but the dollar strengthened as investors shifted their focus to weak economic fundamentals while monitoring progress in the euro zone debt bailout scheme. The MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.7%, with a 1.5% drop in its materials ...
- Rupee weaker on importer dollar demand (Category: Business)
- Asian shares fall, dollar spikes vs yen on intervention (Category: Business)
- Stocks slip on profit-taking ahead of SEC ruling (Category: Business)
- Asian shares fall on fears over Europe fund tightness (Category: Business)
HDFC Bank donated valuable and urgently needed medicinalandnbsp;drugs to the Cancer Hospital, Maharagama, recently.andnbsp;This was organized by the members of the Sports Club of the bank as a part of the bankandrsquo;s Corporate Social Responsibility.
- Top Marks (Category: Business)
- Islamic Banking (Category: Business)
- Lucky Thirteen (Category: Business)
- Top Marks (Category: Business)
Medawachchiya is a bustling town located in theandnbsp;Anuradhapura district,andnbsp;North Central Provinceandnbsp;ofandnbsp;Sri Lanka. It is an important commercial centre of the northern region of Sri Lanka. Commencing from Medawachchiya, four main roads fan out in four directions. They are Jaffna, Kandy, Mannar and Trincomalee.
By Amantha Perera JEJU, South Korea (IPS): As ravenous consumers of natural resources, companies are beginning to recognise that they owe a monetary debt to the planet, and are sharpening their pencils to calculate it. In 2004, when the International Union for Conservation of Nature (IUCN) held its four-yearly World Conservation Congress in Bangkok, Thailand, ...
- IUCN Puts The Accent On Business (Category: Breaking News)
- Facebook IPO: Mark Zuckerberg’s letter to prospective investors outlines core values (Category: Business)
- Nature Trails – setting the trend in eco-tourism (Category: Business)
- Power: Form, flexibility and force (Category: Business)
The Commercial Bank of Ceylon has opened a branch in the scenic hill country town of Maskeliya, extending its award winning services to residents and travellers in this tea-growing region.
The Ceremonial opening of the Kekanadura Branch of the National Savings Bank was held recently. The branch is located at No. 6, Yatiyana Road, Kekanadura, Matara and will offer its clients the bankandrsquo;s full range of products and services.
Reuters: Manufacturing in China contracted for the 11th month in a row in September, according to a private sector survey of factory managers that indicated the world’s second largest economy remains on track for a seventh quarter of slowing growth. The HSBC Flash China manufacturing purchasing managers’ index (PMI) showed activity stabilized in September after ...
- China factory sector shrinks most in nine months (Category: Business)
- China factory surveys signal economic growth stays soft in Q3 (Category: Business)
- Asia factory output weak; India defies with rise (Category: Business)
- Asian factory output curbed by troubled Europe (Category: Business)
SINGAPORE: Business sentiment among Asia’s top companies fell for the second straight quarter, dragged down by export-orientated economies such as China and Japan, while domestic spending helped boost Southeast Asia’s outlook, a Thomson Reuters/INSEAD survey showed. Concerns over global demand are hurting Asia’s export engines, with autos, technology and shipping sectors am...
- Europe, China worries hurt business sentiment: survey (Category: Business)
- Asian markets dampened by Bernanke, factory data in focus (Category: Business)
- Asia’s growth picking up, too early to celebrate (Category: Business)
- ‘Pessimism’ over Asia-Pacific growth: survey (Category: Business)
Forty two loyal customers of Sampath e-remittance service were in for a bonanza during the Ramadan season participating in the Sampath Cash Wasi promotion.
- Bank Changes (Category: Business)
- Growth Number (Category: Business)
- Selling Down (Category: Business)
- Stock Shuffle (Category: Business)
Sri Lanka is ready and building the platform for the future US$ 100 billion economy, said Central Bank Governor Ajith Nivard Cabraal.
Reuters: The Federal Reserve launched another aggressive stimulus program on Thursday, saying it would pump $40 billion into the US economy each month until it saw a sustained upturn in the weak jobs market. The central bank’s decision to tie its controversial bond buying directly to economic conditions was an unprecedented step that marked a ...
- Bernanke quiet on next Fed move, stresses job crisis (Category: Business)
- Asian shares inch down, mark time before Jackson Hole (Category: Business)
- All eyes on Bernanke as recession looms (Category: Business)
- Adopt economic policies to propel growth: Bankers (Category: Business)
The place isn’t a paradise for minorities but the economy is recovering By Sam Baker Asuasentinel.com: The Government of Mahinda Rajapaksa in Sri Lanka has probably botched its dealings with the United States, the European Union and the United Nations. Still, the disenchantment with Colombo may be overblown three years after the end of the ...
- Army inquiry a delaying tactic: Human Rights Watch (Category: Business)
- President calls on diplomats to counter threats from pro-LTTE Diaspora (Category: Business)
- NGOs Call on U.S. to Establish International Accountability Mechanism on Sri Lanka at UN Human R... (Category: Breaking News)
- Rejected asylum seekers abused in Sri Lanka, says rights group (Category: Breaking News)
With the view of unveiling the hidden talents of the team members, Sampath Bank has made arrangements to launch andlsquo;Sampath Tharu 2012andrsquo; andndash; a talent show on Saturday, 15 September, 2012 at Nelum Pokuna Theatre from 2 p.m. and 7 p.m.
- Bank Changes (Category: Business)
- Growth Number (Category: Business)
- Selling Down (Category: Business)
- Stock Shuffle (Category: Business)
Hatton National Bank launched the HNB VISA Infinite and Signature credit cards at a glittering launch ceremony recently at the Colombo Hilton. The exclusive launch event saw the merging of two eras with the synchronizing of a medieval style Egyptian theme and a modern New York City Fifth Avenue theme.
Continuing its growth momentum, Orient Finance PLC adds yet another milestone, with the opening of its doors to the acceptance of fixed deposits, subsequent to being licensed by the Monetary Board of the Central Bank of Sri Lanka under the Finance Business Act No 42 of 2011 as a Finance Company.
- Red Ink (Category: Business)
- Finance Losses (Category: Business)
- Finance Recovery (Category: Business)
- Serial Winner (Category: Business)
In order to create long term economic stability, the creation of incremental wealth is imperative, Hatton National Bank former Managing Director and Chief Executive Officer Rienzie Wijetilleke said.
The global escalation of commodity prices in the latter part of last decade impacted Sri Lanka’s rice market, with retail prices showing sharp increases for the consumer. The regulatory forces with a ceiling on consumer prices and guaranteed price for paddy did alleviate this problem to some extent. Today it has taken a different turn ...
- Village as a developmental unit (Category: Business)
- Paddy farmers’ problems (Category: Business)
- Budget 2012’s impact on the export sector (Category: Business)
- Sri Lanka’s stake in the intl. agriculture debate (Category: Business)
With peace dawning in the northern peninsula, Pan Asia Bank with its modern outlook coupled with simple banking solutions has well and truly entered hearts and minds of the energetic people of the Northern Province.
- On the trail of the Northern Lights (Category: Technology)
- VIDEO: In search of Northern Lights in the UK (Category: Technology)
- WDAY weather gallery from around our region (Category: USA, North Dakota)
- WDAY weather gallery from around our region (Category: USA, North Dakota)
Standing tall at 6 feet 10 inches, and surging towards stardom with Seylan Bank is Sri Lankan netball skipper Tharjini Sivalingam andmdash; theandnbsp; worldandrsquo;s tallest netballer, and considered the best player within the Asian Netballing Circuit.
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