Interim Chairman appointed; Renga, CEO to quit
SMB Leasing yesterday announced the appointment of M.S.I. Peiris as the Interim Chairman following the resignation of Rohan Senanayake.
Peiris is currently an Executive Director at SMB Leasing and will serve as Chairman during the interim period of making suitable arrangements to appoint a Chairman.
Mission accomplished, Rohan Senanayake to step down as Deputy Chairman of SMB
After 14 years at the helm of the Seylan Merchant Bank, its current-day successor SMB Leasing and the SMB Group, Rohan Senanayake has announced he will relinquish his position as Deputy Chairman of the entity he helped restructure twice, confident that his mission has been accomplished.
Pan Asia Bank reaches a new milestone with 50 branches
Pan Asia Bank further expanded its branch network yesterday with the opening of its 50th branch in Ratmalana at No. 446, Galle Road, Ratmalana.
The inauguration of the new branch was marked by chief guest the Mayor of Dehiwela-Mount Laviniya Municipal Council, Sunethra Ranasinghe and guest of honour A.G.Weerasinghe – Chairman Pan Asia Bank.
Moratuwa investors get Asia Securities
Asia Securities (Pvt) Ltd., recently ceremonially opened its 13th Branch in Moratuwa with Associate Director Niyaz Aboobucker as the chief guest. Here Abubakar cuts the ribbon to mark the opening watched by from left Anura Hedigallage, Shiyam Subahullah (Associate Directors), Sabri Marikar (CEO of Asia Secuirities), Stefan Abeysinghe (CEO of Asia Capital Ltd) and Pubudinee (Branch Coordinating Officer).
ICASL starts intake for Australian MBA
The business school of Sri Lanka’s pioneering accounting body, the Institute of Chartered Accountants of Sri Lanka (ICASL), which has made vast strides over a period of more than half a decade, is offering the country’s ambitious professionals the opportunity to follow a prestigious Master in Business Administration (MBA) degree in partnership with the University of Southern Queensland (USQ), a leading Australian university.
Sri Lanka says T20 will go ahead as planned
(Reuters) – Sri Lanka will go ahead with its planned T20 league tournament in the same format as scheduled, currently with all foreign players except Indians, but the country is still hopeful of India considering it’s request, its Sports Minister said on Monday.
“I have written to Indian Sports Minister, requesting to consider to send Indian players,” Mahindananda Aluthgamage told Reuters.
“But we are going to have the tournament. Other than Indians all other scheduled players are coming. The tournament will be conducted in a same profile as we had planned.”
Etihad Airways and Czech Airlines to codeshare
Czech Airlines (OK) and Etihad Airways (EY) have signed a new codeshare agreement which will see Czech Airlines launch new direct flights between Abu Dhabi and Prague, and offer onward global connections through Etihad’s network.
The connections include key cities in the Middle East such as Abu Dhabi, Muscat, Bahrain and Kuwait. Destinations on the Indian subcontinent and in Asia such as Colombo in Sri Lanka, Bangkok, Singapore, Jakarta and Manila, plus Australian cities Sydney, Melbourne and Brisbane will be easily reached.
Evaluation process on Hambantota as CWG host city starts
By Cheranka Mendis
Members of the Commonwealth Games Evaluation Commission led by the Chairman of the Commission Louis Martin and Commonwealth Games Chief Executive Mike Hooper started their four day evaluation process in assessing Sri Lanka as a candidate city for the XXI Commonwealth Games to be held in 2018.
Emerging mkts inflation could hit double digits -Mobius
MONACO, (Reuters) – Inflation in emerging markets could reach double digits, while economic growth this year will average 6 percent, according to Franklin Templeton’s veteran emerging markets investor Mark Mobius.
Economic growth and rising commodity and food prices are fuelling inflation in emerging economies, but Mobius said these countries have previously withstood inflation running into the thousands of percent, such as in Brazil.
India: Civil society takes on the political class
The battle against corruption in South Asia
In this column on 16 April 2011, I wrote on ‘Moral Authority and Legitimacy of Social Activists’. The column recorded the effect Anna Hazare had in India, a Gandhian who forced the political class in India to agree to a joint committee of ministers and civil society members to draft and have Parliament enact a Lokpal Law, anti corruption legislation, which India’s political class had been successful in sidelining for six decades since independence.
The common man’s anger at the recent corruption scandals involving the political class, such as the Delhi Commonwealth Games, the 2G spectrum allocation and land and housing allocations
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