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Global Media Networks Ltd. (GMNet) has unveiled a Colombo Stock Exchange-based free game simulator VstoX Colombo Virtual Exchange (www.vstox.com) with a view of introducing a virtual simulation to investors on the Colombo Bourse’s activities for the first time in Sri Lanka. VstoX integrates the real life order placement system, commonly known as ATS (Automated Trading ...
Protecting the small depositor One reason for poor communities the world over responding to the service facility provided by Micro Finance Institutions (MFI) to take in the small amounts of savings the poor generate on a daily or weekly basis is the security offered by the cash being securely looked after at a remote ...
Hatton National Bank PLC the premier private sector commercial bank in Sri Lanka joined hands with Unimo Enterprises Ltd., and Orient Motor Company Ltd., which are fully-owned subsidiaries of United Motors Lanka Plc to promote the JMC and DFSK commercial vehicles.
Rajendra Theagarajah MD/CEO of Hatton National Bank PLC was conferred with the award for andlsquo;Outstanding Contribution to the Banking Industryandrsquo; in recognition of the valuable services rendered to the Banking industry by the Council of Association, at the 24thandnbsp;Anniversary Convention of the Association of Professional Bankers Sri Lanka held on 13 August 2012 at the Cinnamon Grand ...
This week, University of Sri Jayawardenepura, Professor of Accounting information systems and Chairman of Board of Management Studies, Faculty of graduate studies Dr. Kennedy D. Gunawardana, discusses the financial Statement of Sampath Bank PLC.
Sri Lankaandrsquo;s Banking watchdog andndash; Central Bank said that the planners and leaders who are managing banks needs to have a long term focus and a long-term view.
In the next few years, Sri Lankan economy will reach a Gross Domestic Production (GDP) value of US$100 billion, up sharply from the slow paced economy of about US$ 24 billion GDP in 2004, Central Bank Governor Ajith Nivard Cabraal said.
The rollout of broadband in Sri Lanka was pioneered by the country’s national telecommunications provider, Sri Lanka Telecom (SLT), which counts over 300,000customers in the country for its fixed broadband service. Also the company played a crucial and significant role as the infrastructure facilitator for the country’s mobile broadband boost. Over the years, SLT has ...
Unacceptable employee conduct comprises a number of behaviours and sometimes volatility levels. An employee may be having a bad day and snap at co-workers and bosses. Another employee may be going through problems at home and is late for work or absent frequently. There have been instances where some employees felt that it was acceptable ...
Shares thoughts on sustainability in volatility and the way forward The Guest of Honour, Dato’ Charon, President and Members of the Professional Bankers’ Association, my dear friends, first of all, let me thank the Association of Professional Bankers for inviting me this evening to your 24th Convention and giving me the opportunity to share a ...
Following is the text of the letter written by good governance activist Chandra Jayaratne to Chairman of the Committee on Public Enterprises (COPE) D.E.W. Gunasekera with regard to the Securities and Exchange Commission and capital markets. 14th August 2012. Hon. D.E.W. Gunasekera M.P. Chairman, COPE, Parliamentary Complex, Sri Jayawardhanapura, Kotte. Dear Sir, The priority ...
Ever since the first aircraft was conceptualised by Leonardo Da Vinci, the dream of flight is still continuously evolving. The latest aircraft is known as the dream liner Boeing 787. There has been no end to the technological advances in aviation. The global aviation industry has since been enlarged into a multibillion dollar business and ...
Sri Lanka's leading private banking house- Hatton National Bank continued to record strong results in H1 2012, driven by growth in core banking operations, amidst increasing interest rates and restrained credit growth.
World Bank Country Director Diarietou Gaye has blogged against the rising child abuse in Sri Lanka. Here is her blog titled “It’s Not OK!”Every day, children over the world are molested, raped, abused, and killed. Who is responsible? We all are, as parents, teachers, prominent personalities, journalists, neighbors, politicians, religious figures, men and women of ...
Sri Lankaandrsquo;s Banking Watchdog andmdash; Central Bank said with the successful completion of the US$ 2.5 billion Standby Arrangement (SBA) facility extended by International Monetary Fund (IMF), the country now has sufficient funds, but would like to have an elite anchor in the alternative in order to endorse economic management in todayandrsquo;s global conditions.
Sri Lanka will begin talks for fresh loans with the multilateral donor body- International Monetary Fund (IMFF) for an 'Extended Fund Facility', countryandrsquo;s banking watchdog- Central Bank of Sri Lanka, said following the receipt of the ninth and final tranche of US$ 2.5 billion Stand By Arrangement (SBA).
Sampath Bank PLC recently launched a platinum affinity credit card to all members of the Chartered Institute of Marketing (CIM) Sri Lanka region.
The Central Bank of Sri Lanka is hosting the inaugural SAARC Public Debt Managersandrsquo; Forum on 19 and 20 July 2012 at the John Exter International Conference Hall, Central Bank of Sri Lanka, Colombo.
Impending discussion bolsters investor sentiment as Bourse value gains by Rs. 27 b; some link it to sovereign bond success The Colombo Bourse yesterday staged a mini rally sentiment wise in anticipation of a positive meeting between President and Finance Minister Mahinda Rajapaksa and capital market stakeholders today. The market’s value rose by Rs. 27 ...
Industry experts urge disillusioned local investors to ‘buy when it’s down and sell when it’s up’ In a highly volatile atmosphere and with low investor confidence in the Colombo Bourse, experts earlier this week went against the negative sentiments and instead stated that now is the time to buy. These views were aired at a ...
Sri Lanka's NDB Investment Bank (NDBIB) Limited has clinched the titles for Sri Lankaandrsquo;s first investment bank to win an international award as well as the first local investment bank to win an award for excellence from andlsquo;Euromoney,andrsquo; one of the worldandrsquo;s leading financial markets magazines.
Sri Lanka's NDB Investment Bank (NDBIB) Limited has clinched the titles for Sri Lankaandrsquo;s first investment bank to win an international award as well as the first local investment bank to win an award for excellence from andlsquo;Euromoney,andrsquo; one of the worldandrsquo;s leading financial markets magazines.
Four examples; two bad and two goodThe website of the London Economist newspaper has a reference to an official of a certain country referring to a journalist in words similar to what follows – I have substituted words which would be appropriate to an officer and a gentleman addressing a lady, for what was actually ...
Sri Lankaandrsquo;s leading private banking giant- Sampath Bank PLC will launch an internationally valid affinity card to all Charted Institute of Marketing (CIM) Sri Lanka Region members on 18 July.
By D.C. Ranatunga The ‘Badaada kesel pola’ – Wednesday Banana Fair – is a popular weekly event at Sooriyawewa in the Deep South of Sri Lanka. Hundreds of banana growers in the surrounding areas find their way to the fair with loads of their produce stacked in two-wheel tractors, three-wheelers and even on motorcycle pillions. ...
As a trailblazer in the banking and financial industry, Sampath Bank PLC, a truly local bank, earned yet another accolade in its 25thandnbsp;year by being honored as the Best Banking Group in Sri Lanka at the World Finance Awards held recently.
The need of policy framework and regulations for Sustainable Tourism (Economic wealth distribution, protecting environment, promoting social values) was the focal point of Chairman Sri Lanka Tourism Development Authority Dr Nalaka Godahewa at the evening public lecture organised by the Central Bank of Sri Lanka (CBSL) and held at the CBSL training centre auditorium last evening.
Last week I was on the Air Force flight on route to Jaffna for a meeting with 52 investors who wanted to invest in the first industrial estate in the Northern Province – Atchchuveley. In my hand were the key sites that one can visit in Jaffna as a tourist. The first thought that struck ...
A top level Sri Lanka Ports, Trade and Logistics conference and exhibition will be held from 10 to 11 July at Colombo Hilton, organised by industry specialists Seatrade. The multi-stakeholder sponsored and endorsed event will showcase commercial opportunities and development of South Asia’s new maritime hub and logistics centre – Colombo and Sri Lanka. Seatrade ...
Merchant Credit of Sri Lanka Limited (MCSL) is a Licensed Finance Company in Sri Lanka which is jointly owned by premier state commercial bank, Bank of Ceylon (BoC) and pioneering local investment bank, Merchant Bank of Sri Lanka (MBSL).