CCC joins WorkInSriLanka brain gain efforts to sustain skilled human capital

Published : 12:46 am  October 29, 2013  |  Category: HR  |  Leave a Comment  |  625 views  |  

In order to encourage the improvement of highly educated human capital sustainability and equitably in the country, The Ceylon Chamber of Commerce recently signed a MOU with WorkInSriLanka which is a brain gain initiative launched in May this year. The main objective of WorkInSriLanka is to promote the country as an attractive destination for professionals and businesses, primarily through the WorkInSriLanka web portal workinsrilanka.lk. Apart from driving this primary initiative, this partnership will enable both parties to open avenues to professionals living abroad and looking to relocate to Sri Lanka. Commenting on the partnership with WorkInSriLanka, the Secretary General of the Ceylon Chamber... 


Lankaputhra staff protest

Published : 12:46 am  October 29, 2013  |  Category: Financial Services  |  Leave a Comment  |  664 views  |  

Staff members of Lankaputhra Development Bank protesting against the Chairperson of the bank, who is alleged to be blocking the management from taking action against the Hambantota Branch Manager suspected of massive fraud  Read More →


CIMA Mastercourse on international tax and double tax treaties

Published : 12:46 am  October 29, 2013  |  Category: HR  |  Leave a Comment  |  710 views  |  

International trade and cross border investment has become very important in the process of globalisation. As a result, knowledge of international taxation and double tax treaties is a stepping stone for professionals dealing with international trade. The course has been designed to achieve this need and would be covered within two half-day sessions. This two day event will cover what is international taxation; what is double taxation?; legal framework in Sri Lanka and tax treaties; treaties for avoidance of double taxation; model conventions – OECD model, UN model, Andean model and US model; general format of double tax treaties (scope and taxes covered, permanent establishment and business... 


NAMAL launches Monthly Investment Plans

Published : 12:43 am  October 29, 2013  |  Category: Financial Services  |  1 Comment  |  718 views  |  

National Asset Management Limited (NAMAL) announced the launch of two Monthly Investment Plans (MIPs) that offer retail investors an excellent way to plan for future prosperity. The NAMAL Retirement Savings Plan and the NAMAL Parents Savings Plan enable investors to enhance their wealth by investing regularly to benefit from medium to long term capital appreciation. “The NAMAL Monthly Investment Plans allow retail investors to make regular investments starting from Rs. 1,000 and benefit from capital market growth,” stated Avancka Herat, Executive Director and Chief Investment Officer of NAMAL. “The plans enable retail investors to save in a disciplined manner for long-term goals such as... 


‘Seylan Rush Hour’ brings surprise credit card deals to Sri Lankan consumers

Published : 12:43 am  October 29, 2013  |  Category: Financial Services  |  1 Comment  |  2,788 views  |  

Hot on the heels of the recent mammoth offers on its credit cards, Seylan Bank takes the benefits of credit cards to yet another exciting level with the launch of its latest promotion – Seylan Rush Hour. Commencing tomorrow (Wednesday 30 October) all Seylan Bank credit cardholders are in for a fabulous bonanza with surprise offers up for grabs on fuel, supermarket groceries, clothing, and fast food for an indefinite period. Massive discounts These offers are operative between 5 p.m. and 6 p.m. on selected days of the week, giving customers a refund of Rs. 25 for every litre of fuel pumped at all Lanka IOC outlets island wide, a whopping 50% off on meat items, fresh fish, fresh fruit and vegetables... 


Secondary market bond yields dip further ahead of bond auction

Published : 12:42 am  October 29, 2013  |  Category: Financial Services  |  Leave a Comment  |  890 views  |  

By Wealth Trust Securities Activity in secondary bond markets continued to remain high as yields dipped further yesterday mainly on the liquid two five year maturities (i.e. 1 April 2018 and 15 August 2018) to intraday lows of 10.78% and 10.85% respectively in comparison to its previous day’s closing levels of 10.94/97 and 10.98/03. Furthermore yields on the 1 January 2017 maturity dipped as well to close the day at 10.58/65 subsequent to changing hands within the range of 10.60% to 10.65%. Meanwhile  today’s decisive bond auction, the first in two and a half months, will have on offer an total amount of Rs. 8 billion, of which Rs. 1 b will consist of 15 January 2019 maturity, Rs. 2 billion... 


Commercial Bank and CBSL conduct seminars for entrepreneurs

Published : 12:42 am  October 29, 2013  |  Category: Financial Services  |  Leave a Comment  |  414 views  |  

The Commercial Bank of Ceylon recently organised three programs on entrepreneurship development for micro, small and medium scale entrepreneurs in the areas of Moneragala and Wellawaya, Badulla, Passara, Bandarawela and Welimada; and Weligama, Koggala and Karapitiya. Conducted in collaboration with the Central Bank of Sri Lanka, these seminars were attended by a total of 220 entrepreneurs nominated by Commercial Bank branches in these areas and the National Enterprise Development Authority (NEDA). All of these seminars included presentations by Central Bank Additional Director Regional Development Department (RDD) M.S.K. Dharmawardena, supported by other resource persons from the Central Bank... 


HNB Assurance launches new corporate campaign

Published : 12:42 am  October 29, 2013  |  Category: Financial Services  |  Leave a Comment  |  476 views  |  

Sri Lanka’s innovative insurance solutions provider, HNB Assurance has commenced an island-wide campaign to address the community the value of life, family and your belongings and to follow your dreams and aspirations. This corporate campaign envisions the need to be ready for all life events that might occur in your life in an unexpected event. The kite story is about a small boy been guided by his grandfather who has always been an inspiration throughout his life, and how he remembers the way his grandfather taught him to fly his first kite, and with the strength from his grandfather, today he is an engineer. Someone by your side The story narrates that there is somebody in your life who... 


Car Mart renews 35 year partnership with Mazda

Published : 12:41 am  October 29, 2013  |  Category: Motor  |  Leave a Comment  |  1,813 views  |  

Car Mart, the sole agent for Mazda in Sri Lanka for the last 35 years recently renewed their partnership agreement with the Japanese automobile giant, and will continue to be the driving force behind the Mazda brand in the country. The commemorative signing ceremony of the agreement took place recently at the Car Mart head office. In attendance at the occasion were Car Mart Managing Director Senaka Amerasinghe, CEO Yasendra Amerasinghe, Mazda Motor Corporation Director and CEO Yukio Kubayashi and Mazda Motor Corporation Assistant General Manager Planning and Development Akhihiko Sato. High customer acceptance Car Mart CEO Yasendra Amerasinghe said: “Mazda produces high quality cars which garner... 


Maruti Suzuki profit triples after last year’s shutdown

Published : 12:41 am  October 29, 2013  |  Category: Motor  |  Leave a Comment  |  808 views  |  

Reuters: India’s biggest carmaker Maruti Suzuki beat analyst estimates by nearly tripling its quarterly net profit, flattered by a low base last year and helped by cost cuts and positive currency movements. Maruti Suzuki India Ltd, like rivals Tata Motors Ltd and Mahindra and Mahindra Ltd, has been cutting costs during a second year of falling sales linked to high inflation and meagre urban wage hikes in a slowing economy. But rural incomes are likely to rise thanks to bumper harvests after strong monsoons, and could be spent on vehicles in the year-end festive season when Indians traditionally buy expensive goods. Maruti is well placed to gain because of a wide dealership network, analysts...