Financial ServicesTaprobane share peaks to Rs. 10 before closing up 16% on debut
Taprobane Holdings Ltd., which debuted yesterday on the Colombo Stock Exchange, peaked to a high of Rs. 10 before closing at Rs. 7, one rupee or 16.67% from its indicative price.
Seylan Bank expands network to Akuressa
Akuressa surges ahead towards development and Seylan Bank for its part, with the intention of holding hands with the city and its people, opened its newest branch recently, under the distinguished patronage of Seylan Bank Chairman Mohan Pieris PC. The new branch is situated at No.119, Deniyaya Road, Akuressa, and features all the ultra modern banking facilities and conveniences to serve people of Akuressa and its surroundings.
Facebook IPO triggers retail investor craze
Reuters: If ‘Facebook For Dummies’ helped you find friends and post pictures on the world’s No. 1 online social network, then consider ‘Facebook IPO Confidential,’ which purports to teach you ‘How To Get Rich With The IPO Of The Century’.
Distilleries biggest private shareholder in People’s Leasing
Business tycoon Harry Jayawardena-controlled Distilleries Company Plc is the biggest private sector shareholder in People’s Leasing Company Plc., after the latter went public via the biggest ever IPO in post-war Sri Lanka.
BOC RFC Wasana monthly raffle draw
Bank of Ceylon’s RFC Wasana Monthly Raffle Draw was held at Kaduruwela Branch – North Central Province on 30 March 2012 for the month of February 2012. Here are some highlights:
Seylan Bank upgrades service in Piliyandala
Seylan Bank’s Piliyandala extension office which was situated at No. 07, Piliyandala Road, was upgraded to a fully fledged branch recently at the auspicious time of 9.07 a.m. under the patronage of Seylan Bank General Manager/Chief Executive Kapila Ariyaratne. The branch was upgraded in order to provide the Bank’s loyal clientele at Piliyandala and its surroundings with an entity consisting of all the modern Banking facilities. Here Ariyaratne accepting first deposit. Deputy General Manager Zone I Delvin Pereira is also present
Commercial Bank opens Islamic banking unit at Akkaraipattu
Commercial Bank’s Islamic Banking Unit ‘Al Adalah’ has opened a dedicated service point for ‘Sharia Compliant Banking’ at its branch in Akkaraipattu in the Eastern Province to meet the growing demand for financial products based on Islamic principles.
CFOs in Asia need to step up to the challenge of their expanding role
With the changing market landscape and growing complexity of risks for the insurance industry, CFOs need to play an expanded, strategic and more active role in running their organisations and work as effective partners to their CEOs, said the speakers at the 6th Asian Insurance CFO Summit this week in Singapore.
CodeConnexion launches software for individualised insurance plans
CodeConnexion (Pvt) Ltd. is launching a modern software package that can be used by insurance companies to offer insurance plans suitable to individual customers.
India rupee hits record low
MUMBAI (Reuters): The Indian rupee slumped to a record low against the dollar on Wednesday as risk aversion in global markets added pressure on a currency already under fire from the country’s current account and fiscal deficits.
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