Mercantile Investments wins Gold for 12th consecutive year

Published : 11:55 pm  January 10, 2012  |  Category: Financial Services  |  1 Comment  |  974 views  |  

It was commendable for Mercantile Investments PLC to once again win the prestigious gold award in the Finance Companies Sector for the astounding 12th consecutive year at the Annual Report Award Ceremony held in December 2011, organised by the Institute of Chartered Accountants of Sri Lanka. Mercantile Investments PLC managed to secure first place despite competing with number of other finance companies in the sector. The award signifies the company’s excellence in financial reporting and thus once again establishes company’s commitment towards transparency.  Read More →


Celebrating Chairmanship

Published : 1:44 am  January 10, 2012  |  Category: FT Click  |  Leave a Comment  |  892 views  |  
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Newly-appointed Chairman of Commercial Bank Dinesh Weerakkody on Friday held a private reception. The cream of the private sector as well as several other political and religious dignitaries attended  Read More →


Woods’ former swing coach writes Tiger tales

Published : 1:39 am  January 10, 2012  |  Category: Sports  |  Leave a Comment  |  809 views  |  
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REUTERS: “The Big Miss”, a book written by Tiger Woods’ former swing coach Hank Haney, will be released in March and offer a personal account of the six tumultuous years they spent together before the golfer’s life imploded in scandal.  Read More →


First A380 lands at BIA for re-fuelling

Published : 1:23 am  January 10, 2012  |  Category: Uncategorized  |  1 Comment  |  3,845 views  |  
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An Emirates Airbus A380 aircraft on a flight from Sydney to Dubai made a scheduled landing at the Bandaranaike International Airport, Katunayake early morning yesterday for re-fuelling.  Read More →


Today’s Front Page 10-01-2012

Published : 1:19 am  January 10, 2012  |  Category: PRINT PAPER  |  Leave a Comment  |  781 views  |  
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SCB checkmates cameo CB!

Published : 12:58 am  January 10, 2012  |  Category: TOP STORY  |  Leave a Comment  |  2,057 views  |  

The Standard Chartered Bank (SCB) has opined the Central Bank’s forecast of $ 25 billion foreign inflow as “optimistic” given external headwinds whilst cautioning that pressure was mounting on the rupee given the rising import demand.  Read More →


Import duty on select vehicles removed for better transport service

Published : 12:57 am  January 10, 2012  |  Category: Front Page  |  Leave a Comment  |  1,767 views  |  

Consequent to the Budget 2012 proposal, Custom import duties charged on the importation of buses, lorries, trucks and new lorry engines have been completely nullified. The Custom import duty charged in the importation of tyres used for lorries and buses has been reduced by 50%. The Finance Ministry said yesterday that measures have been taken to repeal the Custom import duties in the importation of buses, lorries and trucks to encourage importation of buses with high standard in order to maintain a high standard of tourist and passenger services and to implement efficient transport service of goods in the country. In addition, measures have been taken to abolish the Custom import duty charged... 


Eric appointed CEO of ERI

Published : 12:56 am  January 10, 2012  |  Category: Front Page  |  1 Comment  |  893 views  |  
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Top professional Eric B. Wikram-anayake has been appointed as the CEO of Envir-onmental Reso-urces Investment Plc (ERI) with effect from today. Eric had his early education in Sri Lanka, Thailand, and Singapore and graduated from the Singapore American School in 1980.  Read More →


Nihal now a member of American Bar Association

Published : 12:55 am  January 10, 2012  |  Category: Front Page  |  Leave a Comment  |  1,054 views  |  
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Top public interest litigant and good governance activist Nihal Sri Ameresekere has been invited and enrolled as an Associate Member of the American Bar Association.  Read More →


No ‘Wonder of Asia’ at Bourse

Published : 12:54 am  January 10, 2012  |  Category: Front Page  |  Leave a Comment  |  1,580 views  |  
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The Colombo stock market continued its miserable run in the New Year with no iota of ‘Wonder of Asia’ mindset or optimism. Whilst recording its fifth successive negative session, the Colombo bourse has seen Rs. 68 billion in value wiped off since the New Year and the All Share Index’ negative return topping 3% mark.  Read More →


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