Category: Other
Licencing , regulation and supervision of companies carrying on Micro finance Business
(PRESS RELEASE) – The Microfinance Act, No. 6 of 2016 was enacted with the objective of providing a regulatory framework to cover microfinance institutions that are not regulated at present. The purpose of the Act is to improve the delivery of financial services to low income persons and micro enterprises, increase financial inclusion, strengthen the […]
Vote on Facebook for your favourite feature on Emirates Economy Class
(PRESS RELEASE) – Even among seasoned travellers, air travel invariably generates a conversation and now Emirates is engaging in one with its customers and fans in Sri Lanka via social media. The global connector of people, places and experiences has invited its Facebook fans in Sri Lanka to vote for one of three features that distinguish […]
Sanjay Tiwari new President of the The Sri Lanka Ceramics and Glass Council
(PRESS RELEASE) – Mr. Sanjay Tiwari, Managing Director & CEO,of Piramal Glass Ceylon PLC was elected as the new President of the Sri Lanka Ceramics and Glass Council at its 3th AGM held recently at the Cinnamon Grand Hotel, Colombo. Tiwari who took over Mr. Mahendra Jayasekera, CEO, Lanka Walltiles PLC is the 4th […]
Taiwanese contractor for Apple may shift production to U.S.
Nov 28, 2016 (LBO) – Hon Hai Precision Industry, the Taiwanese contract manufacturer of Apple products, may shift its production from China to the U.S, media reports said, with “Made in China” likely to lose ground under a Trump presidency. The speculation is not new, but the President-elects threats to slap heavy tariffs on Chinese […]
Janashakthi Nurture the Next Generation of Insurance Professionals
(PRESS RELEASE) Janashakthi Insurance recognised six students of the Wayamba University ‘Insurance and Valuation Degree’ batch for their outstanding performance at a special awards ceremony recently, where the batches of 2015 and 2016 were awarded Gold, Silver and Bronze medals along with cash prizes. The specialised degree offered exclusively at the Wayamba University is powered […]
Anthony Shanil Fernando appointed to the CSE Board
(PRESS RELEASE) – The Colombo Stock Exchange (CSE) announces the appointment of Mr. Anthony M. Shanil Fernando as a Director of the CSE Board. Mr. Fernando, Attorney-at-Law, Solicitor, MBA, is a Senior Partner at Anton Fernando Associates Law firm. He is also the Chairman of AFA Corporate Services Limited and the Director of World Express […]
Ravi K: No subsidy or welfare payment slashed under budget 2017
No subsidy or other welfare facility that have been increased for the people after this government came in to power has been slashed or removed. Despite huge allocations made for development projects in the Budget 2017, Rs.403 billion has been allocated for subsidies and welfare expenditures. This is an increase of Rs.143 billion when compared […]
Lion Brewery (Ceylon) resumes Biyagama factory operations
Boards of Lion Brewery (Ceylon) and Ceylon Beverage Holdings today said that the Lion Brewery (Ceylon) PLC’s factory situated at Biyagama which was affected by recent floods has now recommenced its production and its full portfolio of brands will be available in the market shortly.
CSE to conduct planned failover to Disaster Recovery site during trading
The Colombo Stock Exchange (CSE) will be conducting a planned failover to the Disaster Recovery site during trading hours using Version 7 of the Automated Trading System (ATS) Disaster Recovery Solution on Friday 25th November 2016. The exercise will be an industry‐wide activity as part of the Business Continuity Plan (BCP) of the CSE with […]
Sri Lanka’s government seeks public views to regulate news
Nov 23, 2016 (LBO) – Sri Lanka’s cabinet nod has been received to obtain public opinion with regard to establishing an independent board to regulate news content published in media. As per the proposal, an independent board is to regulate news published in print, broadcasting and registered websites with the view of promoting professionalism and […]
Exporters say suspension of SVAT disincentive to exports
The EASL, whilst understanding the current state of the economy, find this budget is more of a corrective nature. It does not address the need to progress the export industry. Aspect such as improving standards of education, encouraging the growth of competitiveness of SMEs, aiming to attract FDIs and setting up a system under PPP […]
Sri Lanka’s Dialog Axiata forms subsidiary for BPO services
Nov 23, 2016 (LBO) – Sri Lanka’s Dialog Axiata has formed a wholly owned subsidiary for the purpose of providing Business Process Outsourcing (BPO) services including Call Centre services. Dialog Axiata said in a stock exchange filing that the new company has been formed under the name of Dialog Business Services (Private) Limited (DBS) on […]