Sampath Bank with effect from 1 January has got a new Chairman and several new youthful additions to its Board of Directors.
The Bank announced on Friday that at a Board of Directors meeting held on 29 December Chairman I.W. Senanayake decided to step down with effect from 31 December. Whilst accepting this decision the Board of Directors unanimously decided to appoint existing Director K.D. Dhammika Perera as the Chairman of the Bank with effect from 1 January 2012.
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Aravinda Perera is the new Managing Director of Sampath Bank with effect from 1 January 2012. He brings with him a wealth of experience; his last post was as Deputy Managing Director. He will hold the reins when the bank celebrates 25 years since its inception in 1986. Perera is seeing in consolidation following a rapid expansion phase, which has seen the number of branches expand to nearly a 100.
Following are excerpts of an interview:
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LONDON (Reuters) – Out with the old year, in with the new and for investors uncertainty is likely to be the only certainty once more.
The euro zone debt crisis is far from resolved, turmoil in the Arab world has shifted to Syria and Iran has threatened to stop the flow of oil from the Gulf if sanctions are imposed due to its nuclear ambitions.
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At the end of 2007, MTI Consulting, based on extensive research and thought leadership work, predicted seven strategic business challenges – as part of their 2008 Global Competitiveness Study. Four years on, at the end 2011, MTI has revisited the seven strategic business challenges and compared it to the study findings in 2007
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By K.C Vignarajah
“Due process with checks and balances,” are imperative for good governance of PLCs and banks: not discrimination based on age, which is a very valuable asset especially in the most confidential/competitive banking sector.
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By Ruwan Senanayeka
“It is considered the world’s first truly multinational company. Singapore and Hong Kong were established by this company and at one point it had the largest merchant navy in the world and conducted and controlled 50% of world trade. What is this company?”
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By Vasantha Weerasekera
For how many more years do you think we can zoom around in our cars – our Porsches, Ferraris, Bugattis and the lot? Not for many, you bet.
The experts say we have petroleum for another 25 years at the present rate of consumption but after that? What do we do to stretch this period a little more? As no new oil fields have been discovered, conservation seems to be our best bet to make this 25-year period become at least 50 years!
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Commemorating International Migrants Day, the Ministry of Foreign Employment Promotion and Welfare together with the Sri Lanka Bureau of Foreign Employment has organised Dirisariya – Vinimaya Dinu Rataviru Upahara, a programme and walk at the Galle Face, under the patronage of President Mahinda Rajapaksa.
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As part of the ‘Say We Care’ project initiated by employees
The Say We Care Team of Coca-Cola Beverages Sri Lanka Ltd. handed over the newly renovated and refurbished Ward Six, to the Ragama Rehabilitation Hospital.
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The Children’s Upliftment Programme (CUP) is a Charitable Organisation whose Primary Objective is to build a positive future for the younger generation of the country.
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