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Calls on citizens to uphold the rule of law
In clear signs that Sri Lanka’s trade with India is set to grow further and recent noise about Sri Lanka in Tamil Nadu has almost no impact on the surging Business-to-Business (B2B) linkages, a 45-member strong biz delegation led by S. Rethinavelu, Senior President of the Tamil Nadu Chamber
US Assistant Secretary of State Robert O. Blake yesterday called on the Government to promote transparency and good governance in order to encourage more American investors. He told reporters at the end of his visit that investment could be encouraged if the Government took measures to improve the investment clime. A speech given by him ...
A high-level 15-member delegation from the Republic of Seychelles arrived in Colombo yesterday on a three-day visit. Led by President of Seychelles James Alix Michel, the delegation will comprise, among others, Minister of Foreign Affairs Jean Paul Adam, Minister of Natural Resources and Industry Peter Sinon, Delhi-based High Commissioner of Seychelles to Sri Lanka Waven ...
Reuters: Dutch bank and insurer ING is likely to sell its Asian insurance business, worth about $7 billion, in several separate deals in an attempt to get the highest price and speed up the divestment process. The company is also preparing to list its European and U.S. insurance units on stock markets. ING, which got ...
Sunil Bharti Mittal, India’s fifth largest dollar billionaire of Airtel fame, and Indian Commerce Minister Anand Sharma are among the renowned members of the top Indian delegation coming here next month. “The high-level Indian trade delegation arriving next week will consist of reps from the Government, business and the chambers. The arrival of this delegation ...
By Cassandra Mascarenhas The third and final day of the Sri Lanka Economic Summit 2012 organised by the Ceylon Chamber of Commerce commenced with a plenary session titled ‘Skills and Productivity to Compete in the Global Market,’ which discussed the initiatives that are underway and aimed to identify additional steps required to improve the quality ...
Key insights to exploring opportunities for enhancing business performance will be shared during a breakfast session on 13 July from 8a.m. to 10.30a.m. at Cinnamon Lakeside. Organised by Experform, the breakfast forum will have past CIMA Global President Aubrey Joachim as keynote speaker and author and Penco Managing Director Alireza Sarraf as the solutions expert. ...
As global leaders prepare to attend the G20 summit in Mexico (18-19 June), they have been urged to offer more support to Small and Medium Sized Enterprises (SMEs) in gaining access to finance, by ensuring that a more widespread approach is taken to policy development for the sector and that there are greater levels of ...
Diesel and Motor Engineering Plc (DIMO) has announced plans to invest Rs. 5 billion over the next three years despite a tough environment to further bolster its business which enjoyed a windfall. “We are targeting investments totalling Rs. 5 billion over the three years ending 2013/14,” DIMO Chairman and Managing Director Ranjith Pandithage revealed in ...
The Foreign Minister of Singapore will be visiting Sri Lanka from 26 May to 2 June 2012 accompanied by a high-powered delegation from the Singapore Business Federation (SBF). One of the key expectations of the delegation is to establish mutually-beneficial relationships with key Government officials as well as the Sri Lankan business community during ...
President Mahinda Rajapaksa this week invited Korean business community to invest in Sri Lanka and to be a partner in the prosperous march of our nation. “I can confidently assure you that you will truly be happy that you took such a decision,” the President said, addressing the Sri Lanka-Korea Business Forum hosted by the ...
Nations Leasing, the leasing arm of Nations Trust Bank PLC (NTB), recently launched a new advertising campaign across various media. This campaign has been developed primarily with the intention of repositioning Nations Leasing as a financier of commercial vehicles and equipment. The secondary purpose of this campaign is to emphasise its geographic presence outside the ...
As a tenfold growth in Sri Lanka – Qatar bilateral trade being reported, the first ever joint trade talks between Sri Lanka and fast growing Qatar are now in the offing. “We are now interested in convening the First Joint Council meeting between Sri Lanka and Qatar under the 2012 Agreement at an early date” ...
The Monetary Board has granted approval to the DFCC Bank to deal in businesses involving foreign exchange on similar lines to licensed commercial banks. In a move that provides enhanced scope of foreign currency lending and fund raising activities, DFCC can from now on accept foreign currency deposits under NRFC and Resident Currency accounts and ...
The Board of Directors of Capital Development and Investment Company (CDIC) has approved a new business plan to position itself as a diversified financial services conglomerate with ultimate exposure to investment banking (both regionally and in Sri Lanka), stock broking, wealth management, private equity investments and insurance sectors. With the aforementioned diversification, CDIC will be ...
Sri Lanka and Singapore yesterday signed a Memorandum of Understanding on development of business and investment relations between the two countries on the sidelines of a two-day State visit by President Mahinda Rajapaksa to the city state. The signatories to the MoU were Secretary to the President Lalith Weeratunga on behalf of Sri Lanka and ...
Sri Lanka will be meeting the highest decision makers of SAARC Trade this Thursday for the latest round of consensus on trade aspects among the member countries. The Ministerial Council meeting of the South Asian Free Trade Area (SAFTA) will be held on 16th February in Islamabad, where Commerce Ministers of all member countries ...
The 2012 Games are the greatest business networking event in the global calendar where companies from all over the world will come to London to meet, interact and do business. To take full advantage of this unique opportunity to deliver a worthwhile and lasting business legacy across Great Britain, the Government will be hosting the ...
Having made a name and mega bucks from the Colombo bourse, high net worth investor Nimal Perera has now sets sights on striking it big in the business of sports. Nimal has floated a sports industry-focused N Sports Pvt. Ltd., which incidentally is also his first self-owned venture. The inaugural deal of N Sports is ...
A considerable improvement in 2013 rankings is expectedThe Central Bank yesterday described Sri Lanka’s rise in the Doing Business Ranking in 2012 was a “tangible improvement as against 2011’s performance. The Doing Business Ranking computed by the World Bank Group, Sri Lanka is ranked 89 of 183 countries in 2012. “This is a tangible improvement ...
Lanka Business Coalition on HIV & AIDS had its Annual General Meeting at the Cinnamon Lake Side Hotel, Colombo on 29 September 2011 which was attended by the members of the Coalition. Membership includes all top corporates in Sri-Lanka such as John Keels, Standard Chartered Bank, Hayleys, Aitken Spence, HNB, Dialog, Chevron Lubricants, Brandix etc. ...
MUMBAI, (Reuters) – Standard Chartered and SBI Card are competing to buy Barclays’ India credit cards business, sources with direct knowledge of the matter said, as the British bank looks to reduce its exposure to unsecured lending in the country. Barclays has about 200,000 card holders in India and the book value of the business ...
Vallibel Finance, recently opened its doors to the commercial hub of the South; Matara, amid a large gathering of well-wishers and expectant customers. The new, spacious branch with every modern amenity, dedicated to a community and locale esteemed for its keen business sense is the latest addition to an extensive network of branches across the ...
Sampath Bank recently opened a branch at 92, Gampola Road, Nawalapitiya. The Nawalapitiya branch hopes to strengthen the economic standing and lifestyles of their customers by offering savings facilities for children, adults and senior citizens, personal and business loan facilities, pawning facilities, e-remittance services, lease options etc. By offering such financial assistance and guidance, t...
ITN Biz News: Pan Asia banking network expands. New branch opens down Makola road, Kiribathgoda. Sanasa Development Bank – Ithurum Wasana raffle draw. 7th branch of Commercial Credit PLC opens in Moratuwa, New Galle Road. New manager of Bank of Ceylon assumes duty. NDB bank
Crucial meeting discusses and approves Budget 2012 plans, new Tourism Authority, acceleration of eSri Lanka drive and regional development Cabinet at its meeting this week appears to have spent greater deal of time discussing and making key decisions on future development including Budget 2012 and high growth sectors such as tourism, ICT and industrialisation. The ...
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