CSE adopts GICS Industry Classification

Saturday, 18 January 2020 04:45

The Colombo Stock Exchange (CSE) has decided to discontinue the current industry classification used to categorize its listed companies and adopt the Global Industry Classification Standard (GICS) along with S&P/CSE co-branded sector indices with effect 20 January 2020.

The website of premier financial institution HNB Finance garnered major international recognition when it claimed silver in the Financial Services category at the prestigious W3 Awards ceremony, held in the United States.

Sri Lanka’s most digitally innovative bank, HNB, announced another major milestone in its technological evolution with the bolstering of its Information Systems to reach ISO 27001:2013 certification – the highest applicable standard for information security globally.

Mobitel Cash Bonanza, Sri Lanka’s most popular prize giveaway program is making its mark for the 5th consecutive year as it continues the journey in 2020.

Leading finance company HNB FINANCE closed out what has been a dominant year for it on the awards circuit by clinching the Silver Award in the Non-Banking Financial Services Sector category of the National Business Excellence Awards 2019, held on 13 December.

The Commercial Bank of Ceylon was recently presented the ‘Excellent Green Commitment Award’ for the Banking Sector for 2019 by the Green Building Council of Sri Lanka (GBCSL), the country’s leading authority on implementing green concepts and green building practices.

The Nuwara Eliya Golf Club (NEGC), one of the oldest golf clubs in Asia, recently appointed the Commercial Bank of Ceylon as its Internet Payment Gateway (IPG) service provider.

Significant improvements in the third quarter, which positively impacted its year-to-date performance, have enabled the Commercial Bank Group to post creditable results for the nine months ended 30th September 2019.

The third edition of Sri Lanka’s only capital market quiz - CSE masterminds organized by the Colombo Stock Exchange (CSE) was recently held at the Waters Edge Hotel with NDB Investment Banking group emerging as the winner of the overall competition.

The Commercial Bank of Ceylon and Hayleys Agriculture Holdings Ltd., two leaders in their respective fields, have come together once again to offer entrepreneurs in the agriculture sector an opportunity to purchase new equipment or upgrade existing machinery.

Softlogic Finance PLC one of the country's leading financial services firms, has formally appointed Mr Aaron Russell-Davison as its new Chairman, effective from 24 October 2019.