Category: Banking and Finance
Talking Back
rnThe surplus staff was offered a Voluntary Retirement Scheme based on employees age, years of service and years up to retirement.rn rnA number of staffers had accepted the offer with the bank referring the matter of about 100 excess staffers to the Labour Commissioner, the bank said in a release today.rn rnThe Ceylon Bank Employes […]
Fishing in the Maldives
Janshakthi Insurance Co. kicks off its expansion plans for the New Year with a branch office in the Maldives later this month.rn rnThe company has been dealing with the Maldives for sometime, through a few insurance brokers. rnrnldblquote The branch gives Maldivians a direct contact point to us and we will initially concentrate on general […]
Setting Standards
ldblquote Sri Lanka was chosen for the centre since a majority of the bank quote s IT developers/programmers in its Regional Centre in Dubai, are Sri Lankans, and some of these were seconded from the Sri Lankan operations, dblquote the bank said in a statement. Currently employing 18 people, the centre is expected to employ […]
Winning the Lottery
The bank quote s Deputy Governor W A Wijewardene said that 714 of its 1,980 officers applied for the voluntary retrenchment scheme, which was aimed at those who had put in 10 years service or those who are over 40 years of age. The package included one month quote s pay for every completed year […]
New Innings
LOLC Finance Co. Ltd has got statutory and government approval and is expected to commence business shortly, the company said in a statement today. With assets at Rs. 5.8 bn as at Dec 2000, LOLC is the largest specialised leasing company in the country. Last March, Fitch Ratings Lanka has assigned a SL F-1 rating […]
Ugly Politics
The latest trade union action raised serious concerns among banking sector analysts quote who were critical about the lack pf professional independence for top management at state banks. Prime Minister Ranil Wickramasinghe and Secretary Treasury Charitha Ratwatte are expected to meet JSS officials today to diffuse the situation. rnrnJSS officials were not available for comment […]