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Rotating Savings and Credit Associations and the Finance Business Act No. 42 of 2011Cheetu or Rotating Savings and Credit Associations (RoSCAs) are the world over a well-recognised method of savings and capital accumulation for the poor and marginalised. Advocate E.B. Wikramanayake B.A., in his Legal Dictionary for Ceylon (1948 Edition) describes a cheetu club as ...
- Unregulated microfinance - A high-risk strategy (Category: Business)
- Finance: Restrictions on use of the word (Category: Business)
- Regulation of microfinance institutions (Category: Business)
- Micro finance: As India moves forward, Sri Lanka stagnates (Category: Business)
Sampath Bank with effect from 1 January has got a new Chairman and several new youthful additions to its Board of Directors. The Bank announced on Friday that at a Board of Directors meeting held on 29 December Chairman I.W. Senanayake decided to step down with effect from 31 December. Whilst accepting this decision the ...
- Dhammika to be appointed Chairman of Sampath Bank (Category: Business)
- CB clears five new nominees to Sampath Bank Board (Category: Business)
- Qualified daughters make their way to boards (Category: Business)
- Former CB Deputy Governor appointed to COMBank Board (Category: Business)
IRIN: Sri Lanka is making progress in the battle against mosquito-borne dengue fever, say health officials. “Over the last two years we have gone all out to stop the spread of dengue,” Pabha Palihawadana, head of the Health Ministry’s Epidemiology Unit, told IRIN. “Now we are seeing some of the results.” In 2011, 26,722 cases ...
- GS Health donates test-kits to Ministry of Health to diagnose Dengue faster (Category: Business)
- Dengue fever cases in Sri Lanka triple in 2012 (Category: Business)
- Experts find way to make mosquitoes dengue-free (Category: Business)
- Over 12,000 cases of Dengue; 75 deaths in 1H (Category: Business)
Wide ranging and strong participation at ‘Sri Lanka Expo 2012’ by Indian industries and businesses have now been confirmed. Meanwhile, leading Indian investors are planning to pioneer rural BPO in Sri Lanka and are also eyeing Sri Lanka’s mini hydro power, pharmaceutical manufacturing and infrastructure sectors, including Colombo’s upcoming MRTS (Mass Rapid Transit System),...
- Big Indian pharma team in town (Category: Business)
- Indian Commerce Minister in town tomorrow to lead greater ties with Sri Lanka (Category: Business)
- Ayubowan India! (Category: Business)
- India to modernise textile mills in Sri Lanka (Category: Business)
A delegation led by S. Gopalakrishnan, Vice President, Confederation of Indian Industries (CII) met Export Development Board (EDB) Chairman and CEO Janaka Ratnayake yesterday. The delegation comprised 13 members of CII and among them there were high powered person of renowned brands in Sri Lanka, ICICI Bank, TVS and Sons Ltd., etc. The main business ...
- Anand Sharma to lead delegation to Sri Lanka (Category: Breaking News)
- Indian Commerce Minister in town tomorrow to lead greater ties with Sri Lanka (Category: Business)
- India’s leading corporates coming to ‘Expo 2012’, want to pioneer rural BPOs (Category: Business)
- Mega ‘India Show’ in August 2012 to boost bilateral trade with Sri Lanka (Category: Business)
Seylan Bank recently re-defined the concept of savings, in an initiative hitherto not seen in Sri Lanka’s banking and financial services industry, by literally ‘dropping’ Rs. 1 million from the skies and parallely supported by a door-to-door campaign. On Saturday 22 October helicopters hovered over different parts of Sri Lanka and dropped thousands of coupons ...
- Seylan Bank’s innovative ‘Thagi Pita Thagi’ proves a success (Category: Business)
- Seylan launches ‘Thagi Pita Thagi’ with mega benefits on offer (Category: Business)
- Seylan Bank gifts Rs. 100,000 from the skies and from door to door (Category: Business)
In 2011, leading Sri Lankan conglomerate CIC Holdings found itself at a crossroads: although the company had become synonymous with chemicals and paints, its dynamic growth was increasingly driven by its agricultural businesses, creating a disconnect in the minds of consumers. The brand was in urgent need of more than just a fresh coat of ...
- CIC Holdings’ new brand identity evokes nurturing philosophy (Category: Business)
- CIC Holdings grows with impressive 2Q results (Category: Business)
- Bates gives clients an insight into ‘Sonic Branding’ (Category: Business)
By Devin Jayasundera National Savings Bank (NSB) last week re-launched several of its flagship products, including Hapan, Ithuru Mithuru, Sthree, Prarthana, NSB Housing Loans, Pension Plus, Ran Sahana and Auto Loan to ensure an aggressive market presence in the Sri Lankan retail banking sector. NSB, the third largest in the country, holds accounts for seven ...
- National Savings Bank now in Kekanadura (Category: Business)
- NSB pays premium to buy 13% of The Finance (Category: Breaking News)
- We bought…but not paying says NSB (Category: Breaking News)
- TFC buy against NSB Act: Legal experts (Category: Business)
After seven successive and successful forums, the Accounting Forum 2011, organised by the Accountancy Students’ Association University of Kelaniya (ASAK), is to be held for the eighth consecutive time on 8 December at Ceylon Intercontinental Hotel Colombo from 6:30 p.m. to 9:30 p.m. Accounting Forum 2011 is an annual event organised at a grand level, ...
- Jacob, Sophia top baby names in 2010 in Washington (Category: USA, Washington)
- West Side vaccine champion (Category: USA, Illinois)
- Colombo to host International Research Conference on Accounting next week (Category: Business)
- HLB International holds Indian Sub Continent meeting in Colombo (Category: Business)
By Ian The President in his speech at the opening of the Southern Expressway said that this could be the beginning of building a modern society. He also mentioned that had there been such an expressway linking the north with the south the extremists would not have succeeded in capitalising on the mistrust among communities. ...
- "I dont like to use the term 'student supppression' simply because there is no such thing" (Category: Breaking News)
- JVP accuses Govt. of crippling University system (Category: Business)
- Sri Lanka to open new universtities to improve higher education (Category: Breaking News)
- Gota urges educated youth to take country forward (Category: Business)
Merchants who are facing challenges in improving sales and enhancing brand visibility have been offered a zero-risk, cost-effective solution with the launch of www.mydeal.lk, one of Sri Lanka’s latest and fastest growing ‘daily deals’ websites. Within two weeks of its launch, the website of MyDeal.lk (Pvt) Ltd. had attracted approximately 12,000 fans on Facebook – ...
- ‘MyDeal.lk’ hits 30,000 fans on Facebook (Category: Business)
- A Daily deals website says it is gaining momentum (Category: Breaking News)
- Regina Margherita does promo with Mydeal.lk (Category: Business)
- Nalaka Group marks silver jubilee (Category: Business)
Having launched Sri Lanka’s first-ever equity investments and financial information portal, Sri Lanka Equity Analytics (www.srilankaequity.com) recently celebrated its successive second year of operations by reaching the milestone of 5,000 registered online memberships and over five million hits. Sri Lanka Equity Analytics is a financial portal designed to address varying needs of the invest...
- Borsa Italiana’s cash markets go live on MITs Millennium Exchange (Category: Business)
- Millennium’s Trading and Surveillance platforms go live in Johannesburg (Category: Business)
- ‘Those who live by the Dhamma are protected by the Dhamma’ SEC Chief tells investors (Category: Business)
- SUN FM presents Arash live in concert this December (Category: Business)
Arrenga Capital Research takes a deeper look at Budget 2012 and impact on select listed companies 1. A challenging deficit target – 6.2% of GDP in 2012 I. Government revenue targeted to grow by 20.2% YoY to Rs. 1,126.1 b (14.7% of GDP) II. Total Government expenditure to rise 14.1% YoY to Rs. 1,594.9 b ...
- Highlights of the Budget 2012 proposals (Category: Business)
- Sri Lanka Budget 2012: Growth in focus (Category: Business)
- Budget bloats! (Category: Business)
- Economic growth to rebound in 2013: SCB (Category: Business)
By Chamitha Kuruppu The Janatha Vimukthi Peramuna claims spending Rs. 265 billion on an 11-day extravaganza is intolerable for an economically ailing country like Sri Lanka. Addressing a media briefing the JVP warned that the aftermath of hosting the 2018 Commonwealth Games would not be rosy as the Rajapaksa administration predicts According to JVP Propaganda ...
- Govt. takes vengeance on private sector over pension bill – JVP (Category: Business)
- JVP accuses Govt. of crippling University system (Category: Business)
- AKD’s India visit: ‘JVP will not compromise Lanka’s security and economic interets’ (Category: Breaking News)
- JVP urges public to hold Govt. accountable for “gambling with public money” (Category: Business)
Seylan Bank has further expanded its rewards portfolio for its thousands of Seylan SURE customers all over Sri Lanka with Thagi Pita Thagi. Seylan SURE is a specially crafted scheme which brings gifts and cash rewards to all current and normal savings (both individual and joint) account holders customers who maintain a minimum balance of ...
- Gift bonanza for Seylan Tikiri Plus kids (Category: Business)
- Winners galore in Seylan Bank’s ‘Thagi Pita Thagi’ draw (Category: Business)
- Seylan Bank’s Tikiri Plus lures kids with 100 bicycles offer (Category: Business)
- Seylan launches ‘Thagi Pita Thagi’ with mega benefits on offer (Category: Business)
Reuters: Residents fled Thailand’s capital, Bangkok, on Thursday after authorities warned the city would soon be flooded and called a special five-day holiday to let people escape. Traffic in central Bangkok was light as the holiday began but a main road out of the city to the flood-free south was jammed. Many people were heading ...
- Thais tense as floods set to swamp more of capital (Category: Business)
- Ever-resilient Thai tourism may bounce back after floods (Category: Business)
- Thailand shores up capital as waters creep higher (Category: Business)
- Thai PM warns on prices as flood fears grip Bangkok (Category: Business)
The courage the Government has demonstrated in cancelling the CATIC deal and yet feeling secure, rather than embarrassed by it, must be recognised. It is a responsible step, a prudent decision, which will have enduring benefit both in terms of national policy and FDI strategy. This step will also earn the respect of the indigenous ...
- Sovereign Wealth Funds (Category: Business)
- Sector report (Category: Business)
- Unilever’s Pears to make millionaire children (Category: Business)
- Revamped Siddhalepa Ayuverda Health Resort opens (Category: Business)
Re-invigourates total concept of banking rewards schemes in Sri Lanka with a truly unique proposition Seylan Bank on Monday re-invigourated the concept of banking rewards schemes in Sri Lanka with the launch of its mega Seylan Thagi Pita Thagi rewards scheme, a one-of-a-kind rewards scheme that offers dual benefits and reward structures. Acclaimed as the ...
- Seylan Bank’s innovative ‘Thagi Pita Thagi’ proves a success (Category: Business)
- Winners galore in Seylan Bank’s ‘Thagi Pita Thagi’ draw (Category: Business)
- Seylan Bank’s ‘Thagi Pita Thagi’ draw yields 7,890 winners so far (Category: Business)
Deutsche Bank yesterday announced that it has successfully implemented a new integration solution for Dialog Axiata PLC, Sri Lanka’s largest mobile network provider, which enables seamless, secure and direct connectivity between the client and the Bank via the SAP NetWeaver Process Integration (“SAP NetWeaver PI”) technology. In addition to a flexible user interface, the BankR...
- HSBC and MAS broaden connectivity through SAP (Category: Business)
- What’s hot this summer? - An internship with MAS Holdings, Deutsche Bank and Dialog (Category: Business)
- Major summer internship program kicks off (Category: Business)
- Commercial Bank of Ceylon and Dialog partner for managed services (Category: Business)
Bullish on post-war revival in tourism and to cater to growing demand for its hospitality Renuka City Hotels Plc, is investing Rs. 200 million to add 20 more rooms, bringing the total to 100 inclusive of the adjoining Hotel Renuka. Chairman Ravi Thambiayah told the Daily FT that the company was waiting for approvals to ...
- Sri Lanka: Renowned hotelier warns tourism industry not to sit back and wait (Category: Breaking News)
- Sri Lanka’s Renuka City hotel to expand (Category: Breaking News)
- Needed, 800,000 Hotel Workers (Category: Breaking News)
- Gardiner collects 2% Kandy Hotels stake from foreign fund (Category: Business)
Power Scan (Pvt) Ltd started its operations in 2003. Throughout the years the company’s product offering and related services has expanded to Data Center Design Building and Total IT infrastructure solutions creating a name for itself in the IT industry in Sri Lanka. The company has tied up with world reputed brands like Emerson/Liebert for ...
- Crosspoint picked by Motorola as Top Enterprise Mobility Solutions Partner (Category: Business)
- UTStarcom Wins Sri Lanka Telecom IPTV Expansion Contact (Category: Breaking News)
As the nation’s premier lifestyle store, Singer Mega is committed to giving its customers the very best in quality and convenience. To this end, the company recently refurbished and re-opened its Wattala Singer Mega showroom, raising the bar once again for the Sri Lankan retail sector. Noting the excitement surrounding the re-opening, Singer (Sri Lanka) ...
- Singer awards Shop & Win (Category: Business)
- Singer Mega Rajagiriya refurbished (Category: Business)
- Revamped Singer Homes at Ratnapura (Category: Business)
- Singer Mega showcases Mega kid art exhibition at National Art Gallery (Category: Business)
Reuters: England piled more misery on India with a thrilling six-wicket victory in a one-off Twenty20 match at Old Trafford on Wednesday. After losing the test series 4-0, India started brightly in the shortest version of the game and racked up 165 all out, only to see England reach their target with three balls to ...
- Muammar Gaddafi dead of wounds following capture - Reuters (Category: Breaking News)
- “Zero hour” for Gaddafi as besieged Tripoli rises up (Category: Business)
- Gaddafi son rallies loyalists for Tripoli fightback (Category: Business)
- Gaddafi lessons for brand building (Category: Business)
A proud Sri Lankan at heart and a humble and dedicated marketer Nandana A. Wickramage Group Director/Head of Marketing and Sales, Ceylon Biscuits Limited (CBL) was awarded the ‘Marketing Professional of the Year’ at the recently-concluded second CMO Asia Awards 2011 in Singapore. This was the second international award he has received in his illustrious ...
- CBL’s Socially Responsible Model, an example to others – Dr . P.B Jayasundara (Category: Business)
- Munchee emerges ‘Best Employer Brand’ at CMO Awards (Category: Business)
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