Central Bank to call for explanations for losses from EPF bond investments
Inquiries are continuing into the alleged Rs. 9.5 billion loss caused through investments by the Employees’ Provident Fund (EPF) in the government’s securities secondary bonds market, said Central Bank...
View ArticleProfessionals leaving for foreign employment do not benefit economy: CB Governor
Professional leaving Sri Lanka for foreign employment do not benefit the economy of the country, said Central bank Governor Dr. Indrajith Coomaraswamy during a media conference today (09 May)....
View ArticleWhat happens to Sri Lanka’s Rs. 5,000 notes?
A question was posed to Central Bank Governor Dr. Indrajith Coomaraswamy during a media conference today (09 May) on the validity of the Rupees 5,000 currency notes bearing the signature of former...
View ArticleSri Lanka’s forest-based strategy to combat the threat of climate change
It is now an established fact that the root cause of rapidly increasing changes in climatic conditions across the world is a rise in the concentrations of heat-trapping carbon dioxide and other...
View ArticleSinger Group Revenue increases 13.7% to Rs. 12 Billion
Singer (Sri Lanka) PLC announced today its results for the first quarter of the year ending March 31st 2017. The results showed a commendable Revenue growth despite sluggish consumer demand resulting...
View ArticleWasana to recommence Japanese lorry truck sales
Wasana Trading Lanka (Pvt.) Ltd, which owns Sri Lanka’s largest vehicle yard has taken a further step to introduce high quality lorry trucks imported from Japan to the local customers. With the option...
View ArticleIFC to provide up to $50m senior loan to Sri Lanka’s Nations Trust Bank
International Finance Corporation (IFC) has proposed to provide a senior loan of up to $50 million to Sri Lankan mid-sized private commercial bank Nations Trust Bank PLC. The five-year senior loan will...
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Triad Hosts Silent Avurudu Festival with Western Province Deaf Association
An exhilarating celebration reveled joyfully in silence A one of a kind Sinhala and Tamil New Year celebration was organized recently at Frazer Grounds, Dehiwala by the Western Province Deaf...
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Nestlé Milkmaid Shines at BestWeb.lk 2017 Contest
Digital Initiatives Win Award of Merit for ‘Best Advertising and Marketing by a Website’ Milkmaid, synonymous with mouthwatering desserts, and Sri Lanka’s household favourite for over 100 years,...
View ArticleWorkshop on “Fresh Fruits for Export Market”
The Technical Services Division of the Industrial Development Board of Ceylon (IDB) Under Ministry of Industry and commerce has made arrangements to conduct the above one day workshop at head office,...
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Amana takaful introduces “ Kiri Govi Sathkara Rakshana Salasuma”
Amana takaful Insuarance Company which has introduced a series of high quality insurance packages for the benefit of Srilankans with the aim of enhancing the Srilankan life standards, introduced...
View ArticleSAP® Learning Hub Exceeds Half Million Subscribers with over 5 Million...
SAP SE (NYSE: SAP) announced that SAP® Learning Hub has grown to over 500,000 users and is helping companies cut costs and time to train employees. With more than 5 million learning assignments...
View ArticleEmirates Group Announces 2016-17 results
The Emirates Group has announced its 29th consecutive year of profit and steady business expansion, despite a turbulent year for aviation and travel. Released in its 2016-17 Annual Report, the Emirates...
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Exciting new features in Combank’s re-launched ‘Dotcom Teen Account’
Banking has just become more exciting for teenagers and pre-teens with the re-launch of ‘Dotcom’ Teen Account – the popular Youth Savings Account of Commercial Bank of Ceylon, with a host of new...
View ArticleNovel incentives to encourage investors
The Government has decided to introduce a concessionary scheme to encourage investors in the country, says Finance Minister Ravi Karunanayake. The minister points out that the new scheme will be...
View ArticleGuangxi, China-Sri Lanka Economic & Trade Cooperation Forum to be held in...
A 70-member high profile delegation, led by His Excellency Peng Qinghua, Secretary, Communist Party of Guangxi Zhuang Autonomous Region will arrive in Colombo this week on the invitation of Mr. Rishad...
View ArticleSampath Bank surpasses Rs 2 Bn mark in post-tax profit within 1Q 2017
Starting the year 2017 in a positive note, Sampath Bank surpassed Rs 2.0 Bn mark to achieve post tax profit of Rs 2.3 Bn for the quarter ended 31st March 2017. This registered an impressive 34.6%...
View ArticleLondon Stock Exchange Wins Markets Choice Awards for Best Global Exchange Group
London Stock Exchange Group (LSEG) won the prestigious award for ‘Best Global Exchange Group’ at the fifth annual Markets Choice Awards (MCAs) held in New York on 19 April 2017. Organised by Markets...
View ArticleCommercial Bank makes strong start to 2017 in all key performance areas
Commercial Bank of Ceylon PLC has made a characteristically robust start to 2017, reporting solid income and profit growth for the three months ending 31st March 2017 and weathering a further reduction...
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OPPO launches Selfie Expert F3 for mid-range market to Leverage the group...
The camera phone brand OPPO, strengthened the ‘Group Selfie’ trend today by launching another Selfie Expert F3, priced at Rs 49,990.00 . The F3 is the second in line dual front camera Selfie Expert...
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