Tag: lbo
Commercial Bank adds crosscurrency transactions to Online Banking
The Commercial Bank of Ceylon has added a new dimension to its Online Banking platform by enabling foreign currency account holders to carry out fund transfers between accounts maintained in different currencies other than Sri Lankan rupees. These transactions can be carried out between accounts maintained under a customers own namein eight major currencies including […]
Ceylon Cold Stores PLC Joins CSE to Open Trading for July
Ceylon Cold Stores (CCS) rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) today. The market opening ceremony was organized to mark the first trading day for the month of July. Directors Mr. Ajit Gunewardene and Mr. Ronnie Peiris, President of the Consumer Foods Sector of JKH & Director Mr. Jit […]
Eurocars launch new Porsche 718 Boxster models in Colombo
Eurocars the sole agent of Porsche in Sri Lanka welcomes new and exclusive mid-engine Porsche models; the 718 Boxster and 718 Boxster S. The two-seat convertibles are now more powerful yet more fuel efficient. The centerpiece of the new model series is the newly developed four-cylinder flat engine with turbocharging. The 718 Boxster develops 220 […]
Asia stocks rise as risk appetite recovers, pound under fresh pressure
July 1 (Reuters) – Asian stocks rose on Friday as risk appetite continued to recover from last week’s Brexit shock, but the pound came under renewed pressure after the Bank of England’s governor hinted at an interest rate cut ahead. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.4 percent. The index has recovered nearly all the […]
CICT launches country’s first mobile app to track movement of containers
A new level of convenience and sophistication has been introduced to keeping track of containerised cargo by Colombo International Container Terminals (CICT) with the launch of a mobile app for the purpose. A first for Sri Lanka’s port industry, CICT’s ‘eZPort’ app for smartphone users can be downloaded free from the App Store or Android […]
Sri Lankan rupee 1-wk forwards rise on bank dollar sales; stocks up
June 30 (Reuters) – Sri Lankan rupee one-week forwards rose on Thursday as a state-run bank sold dollars after the central bank intervened to lift the rupee, while dollar selling by a few exporters also helped the currency gain, dealers said. One-week dollar/rupee forwards, which have been acting as a proxy for the spot rupee, […]
FTSE recovers Brexit losses, Brent crude down 1.2-pct
June 30 (LBO) – Asia stocks rose across the board on Thursday, tracking an overnight rally on Wall Street, while the safe-haven Japanese yen stopped rising as global markets bet Brexit won’t get implemented immediately. Michael Hewson, chief market analyst at CMC Markets, said investors had been reassured by hopes that Britain’s EU exit wouldn’t […]
Central Bank Union calls for immediate action
Jun 29, 2016 (LBO) – Sri Lanka’s Central Bank Executive Officers Union says that immediate legitimate action needs to be taken to prevent probable anarchic state that would arise at the institution from July 01, 2016. “We write to record our discontent on the current state of depletion of public confidence in and heightened criticism […]
Sri Lanka to impose capital gains tax on stocks, Minister says
June 28 (Reuters) – Sri Lanka intends to impose a capital gains tax on profits from equities, a senior government minister said late on Monday, as the government attempts to shore up its finances to qualify for an IMF loan. Sri Lanka’s cabinet approved reintroducing a capital gains tax on land early this month, but has not said whether […]
Commercial Bank launches Sri Lanka’s first Remittance Card
Sri Lanka’s first Remittance Card has been launched by the Commercial Bank of Ceylon to introduce a new dimension in convenience to the process of transferring funds from overseas to local beneficiaries. A branded Debit cum ATM Card licensed by Visa Inc. and issued locally by Commercial Bank to recipients of remittances, the new Remittance […]
Brexit vote, UK political confusion keep world and asian markets on edge
June 28 (Reuters) – Britain’s vote to leave the European Union continued to reverberate through financial markets, with the pound falling to its lowest level in 31 years, despite government attempts to relieve some of the confusion about the political and economic outlook. UK finance minister George Osborne said early Monday that the British […]
Embark opens 4 new stores and transforms 14,000+ doggy lives in 2015-16
Embark, Sri Lanka’s fashion brand and community animal welfare programme, has reported another busy year, ending 2015-16 – its ninth year – with medical care provided to 14,459 of the country’s homeless street dogs. Working with likeminded partner organisations and volunteers, Embark performed 3,464 sterilisation surgeries, 5,788 anti-rabies vaccinations, 644 treatments for injured animals and […]