US retail to outpace European: Deloitte
(Reuters): US retailers will return to modest growth in time for the holiday season, outpacing their counterparts in Europe which will suffer the effects of a debt crisis for years to come, according to consultants Deloitte.
‘Trail’: A walk for life
By Cheranka Mendis
A total of 670 km over 24 days and a hope for cancer patients, ‘Trail’ is a walk by the living, for life. Organised by the Colours of Courage Trust, ‘Trail’ is an attempt to raise awareness, collect funds and journey from Dondra to Point Pedro with the ultimate goal of raising Rs. 220 million to put up a paediatric cancer ward for the Jaffna Hospital. CEO of Mas Intimates and a Trustee of ‘Trail’ Nathan Sivagananathan told the Daily FT that what started off as a promise by his colleague and friend to himself has today become a beacon of hope to a mass number of people. Following are excerpts:
Mercantile Investments opens Kurunegala branch
Mercantile Investments Plc recently opened a new branch in Kurunegala as part of its aggressive expansion to provide a range of value added products and services.
COMBank picked as Trade Finance’s best in Sri Lanka
The Commercial Bank of Ceylon has been adjudged the ‘Best Sri Lankan Trade Bank’ by the prestigious UK based ‘Trade Finance’ magazine in yet another international acknowledgement of the Bank’s status as the country’s best bank.
HNB opens 209th customer centre at Nanattan
Hatton National Bank opened the 209th Customer Centre in Nanattan recently. The Chief Guest for the occasion was Crysanthi Thambiah, Deputy General Manager (Network Management) of Hatton National Bank.
NTB expands to Anuradhapura
Nations Trust Bank opened their 43rd branch in the heritage rich city of Anuradhapura bringing banking expertise to the North Central Province demonstrating the Bank’s continued commitment and confidence as a key player in the financial services industry.
RAM reaffirms Construction Guarantee Fund’s BBB+/P2 ratings
RAM Ratings Lanka has reaffirmed the Construction Guarantee Fund’s (“CGF” or “the Fund”) respective long-and-short-term financial enhancement ratings at BBB+ and P2; the long-term rating has a stable outlook.
HSBC appointed co-banker for Textured Jersey IPO
HSBC has been appointed as a co-banker for the Textured Jersey Lanka Ltd.’s initial public offering.
Internal training rewards UA with 200 more winners
The recently-concluded annual sales awards night of Union Assurance PLC (UA) showcased an unprecedented increase in winners of its top sales awards of the year.
Non-FII/NRI foreign entities can invest up to $ 10 b in equity MFs
New Delhi: The centre has allowed foreign investors other than FIIs and NRIs to invest up to $10 billion in equity schemes of Indian mutual funds.
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