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Commercial Bank, the largest and most profitable private sector player, has completed its biggest fund raiser, the Rs. 10.1 billion Rights Issue, this week.

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SriLankan Airlines will further bolster its position as the largest foreign carrier to India with the launch of services to three more cities – Hyderabad, Visakhapatnam and Coimbatore – in July 2017, increasing its tally of cities in the vast Indian market to 14.

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Giving explosive details about the alleged Treasury Bond scam Auditor General (AG) Gamini Wijesinghe yesterday giving evidence at the Presidential Commission inquiring into the bond issuance in February 2015 said that the Central Bank failed to provide all necessary documentation for the inquiry, while also falling short of filing explanations on interest rate calculations.

Tuesday, 13 June 2017 06:01

Taprobane Group achieves turnaround

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Concludes 2016/17 on a positive note compared to losses incurred in 2015/16
Lanka Century Investment Plc biggest contributor

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Further exposing locals’ lack of confidence, foreign net inflows into the Colombo Stock Exchange have topped the Rs. 20 billion mark as of Friday, prompting analysts to forecast that if the trend continues 2017 may end with a record or even challenge the all-time high levels.

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New Delhi: Sri Lanka has expressed its intention to have friendly relations with every country to become an economic hub in the Indian Ocean and assured that its growing relations with China is not an impediment to strengthen relations with India.

Sunday, 11 June 2017 08:26

Introducing The Touch Down By O!

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Touch Down By O! located in the heart of Kandy is definitely creating a buzz and attracting a lot of people locals and tourists alike. It definitely stands out from all the hangout spots around. On the 26th of May, they had a soft launch which was an invitees-only event with the corporate crowd. With OIC playing great music and them serving their signature dishes and cocktails they entered the market with a bang! I am certain that sooner or later it is going to become the go-to-place in Kandy!

Sunday, 11 June 2017 08:18

CAKE LABS Evolves To Sysco Labs

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Sysco Labs' new facility at Srimath Anagarika Dharmapala Mawatha, Colombo 03

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Sri Lanka and Thailand has come to a consensus on a Trade in Goods FTA as the first step before a comprehensive FTA that follows.Thailand has proposed an MOU on Strategic Economic Partnership (SEP) with Sri Lanka as a stepping stone, on June 2 in Bangkok.

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The Bank of Ceylon’s Chairman, President’s Counsel Mr. Ronald C. Perera joined the “Belt and Road Initiatives- Bankers Roundtable” discussion held recently in Beijing China, as the only Sri Lankan participated for this summit. The Bankers roundtable was conducted in line with the “Belt and Road Initiative” forum that took place in May 15th 2017. The event was hosted by Industrial and Commercial Bank of China (ICBC). With the Bank’s strong ties with many of these international banks and the importance of its role in the Sri Lankan banking industry, Bank of Ceylon was invited to represent the country in this forum and was able to further strengthen its ties and collaboration with these international banking giants such as ICBC, Asian Development Bank, Standard Chartered Bank, Citi Bank, Bank of China, J.P Morgan and Chase, Habib Bank Pakistan, and with many other leading foreign banks.

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