The US Embassy in Colombo recently issued an official communique stating that applicants for non-immigrant US visas in Sri Lanka should make their payments through branches of DFCC Vardhana Bank.
The Seylan Tikiri Pola has, since its launch on International Children’s Day last October, changed the lives, and more importantly the attitude and thinking, of more than 5000 little pre-school and primary school children across Sri Lanka.
Tom Bernardin, Chairman and CEO of Leo Burnett Worldwide announced today the consolidation of Leo Burnett operations across Greater China and Asia Pacific. Jarek Ziebinski, currently President of Leo Burnett Asia Pacific, will be taking over as Chairman and CEO for the consolidated operation including China as of 1st September 2014.
In one of the first transactions under the Financial Sector Consolidation Road Map mandated by the Central Bank of Sri Lanka, Commercial Bank of Ceylon PLC acquired a 100% stake of Indra Finance Limited, with the Share Sale and Purchase Agreement signed on 1st September 2014 at the Commercial Bank Head Office in Colombo.
The Monetary Board has appointed Mr D Wasantha, Mr C P A Karunathilake and Mr H A Karunaratne to the post of Assistant Governor with effect from 28 August, 2014. In addition, Mr S R Attygalle who is presently functioning as the Deputy Secretary to the Treasury has also been appointed as an Assistant Governor. These promotions have been made in accordance with the succession plan of the Central Bank of Sri Lanka (CBSL) to address the emerging challenges of the economy.
During the visit of the Seychelles delegation to Sri Lanka, Minister of Finance of Seychelles Hon Pierre Laporte who was a former Governor of the Central Bank of Seychelles, paid a courtesy call on Governor, Central Bank of Sri Lanka Mr Ajith Nivard Cabraal on August 29, 2014 at the Governor’s Office of the Central Bank of Sri Lanka in Colombo.
During August 2014, many banks and finance and leasing companies (NBFI) were actively involved in the consolidation process having understood the importance of meeting the set timelines.
Amãna Bank recently launched its flagship savings product “Savings Plan”; a unique savings scheme which allows customersto reach a target savings amount by a desired time period, helping them to develop the discipline of savings for the future.
The Central Bank of Sri Lanka and the People’s Bank of China entered into a Bilateral Investment Agreement on Bond Investment on the 25th August 2014, which enables the Central Bank of Sri Lanka to further diversify its reserves management activities into Chinese Renminbi denominated assets.
Softlogic Finance PLC is pleased to announce that its AAA rated Debenture received subscriptions of over Rs 4Billion on the opening day of its Issue of Rs 1.4Billion, and the issue was closed on the same day.
It gives me pleasure to present the first quarter performance of your Company for the financial year 2014/15. The Group recorded a consolidated revenue of Rs. 7.3Bn, a growth of 20%. Group operating profit closed at Rs. 452Mn while earnings stood at Rs. 247Mn, a decline of 12%.
