The ‘Great HR Quiz’ conducted by IPM Sri Lanka concludes successfully

Published : 12:00 am  December 17, 2014  |  Category: HR  |  Leave a Comment  |  99 views  |  

Rohitha Amarapala President of IPM Sri Lanka lighting the oil lamp at the first ever live table quiz                         Lieutenant General Daya Ratnayake Commander of  Sri Lanka Army arriving as the Chief Guest of the Award Ceremony The most coveted award of winning teams and seven selected category winners namely: Banking, Finance and Insurance Sector, IT, Software, Telecommunications and BPO Sector, Travel, Hospitality and Leisure Sector, Apparel & Textile Sector, Manufacturing and FMCG Sector, Food and Beverages Sector and Special Sector ready to be awarded to the best of the best   Team Dialog Axiata the greatest... 


CMA signs MOU with HDFC Bank as an Accredited Practical Training Partner

Published : 12:00 am  December 17, 2014  |  Category: HR  |  2 Comments  |  390 views  |  

The Institute of Certified Management Accountants of Sri Lanka (CMA) and HDFC Bank have signed an MOU certifying HDFC Bank to act as an accredited practical training organisation for CMA students. This MOU will provide CMA students an opportunity to obtain practical training in the management accounting and finance field from a recognised business organisation which will give them a foundation to progress in their career, and obtain their membership. CMA Sri Lanka President Prof. Lakshman R. Watawala presents the Accredited Training Partner certificate to HDFC Bank Chief Financial Officer D.V. Pathirana as CMA Director – Operations Sumudu Pagoda, CMA Vice President M.B. Ismail, Chief Manager... 


Siyapatha Finance announces Rs. 500 m debenture issue

Published : 12:00 am  December 17, 2014  |  Category: Financial Services  |  Leave a Comment  |  184 views  |  

Siyapatha Finance, the finance and leasing arm of Sampath Bank PLC has announced the issue of 5,000,000 listed, unsecured, redeemable and rated debentures at a par value of Rs. 100 each, amounting to Rs. 500 million. The debenture issue will open on 18 December and applications can be collected from NDBIB, Registrar to the issue, Sampath Bank branches and the member firms/trading members of the Colombo Stock Exchange. The minimum subscription is Rs. 10,000 or 100 debentures and applications in excess of the minimum subscription should be in multiples of Rs. 10,000 or 100 debentures. The company reserves the right to issue a further 5,000,000 debentures, totalling up to a maximum of 10,000,000... 


Colombo City Centre plans landmark apartment, hotel and lifestyle shopping mall complex

Published : 12:00 am  December 17, 2014  |  Category: Other Sectors  |  Leave a Comment  |  253 views  |  

Colombo City Centre is in the forefront of the dynamic changes transforming Colombo into one of the world’s most exciting and picturesque cities. Centrally located and representing the best of Sri Lanka with an innovative design inspired by rich cultural heritage, Colombo City Centre envisages to be a brilliant new landmark in the heart of the city. CCC Rendering View   The residences at Colombo City Centre are fully appointed and contemporary designed spacious, luxury apartments which offer an exceptional investment opportunity and the best of modern urban living in a truly out of the ordinary lifestyle. Inspired by the uplifting visual experience of overlooking the beautiful Beira Lake... 


Bourse tad weaker in thin trade

Published : 12:00 am  December 17, 2014  |  Category: Financial Services  |  Leave a Comment  |  149 views  |  

Reuters: Stocks fell for a fourth straight session on Tuesday, led by blue-chips such as John Keells Holdings as investors remained cautious ahead of the 8 January presidential poll. The main stock index ended 0.09%, or 6.70 points, lower at 7,223.56, its lowest close since 9 December. “There was limited activity. Political worries are hindering market activity,” a stockbroker said on condition of anonymity. “Investors expect political stability after the election and until such time we may hardly see any big activity unless Government funds boost the index.” Turnover stood at Rs. 543.7 million ($4.15 million), according to stock exchange data, well below this year’s daily average of... 


IPM Annual Report wins prestigious SAFA Awards

Published : 12:00 am  December 17, 2014  |  Category: HR  |  Leave a Comment  |  79 views  |  
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At a recently held South Asian Federation of Accountants’ (SAFA) ‘Best Presented Annual Report Awards and SAARC Anniversary Awards for Corporate Governance Disclosures 2013’ awards ceremony for the year 2013 in Bhubaneswar, India; The Institute of Personnel Management Sri Lanka (IPM SL) won the ‘Top Merit’ Award for the Best Presented Annual Report and Corporate Governance Disclosures in the ‘Non-Governmental Organisations Sector’. IPM Sri Lanka Secretary Shanaka Fernando and Director Finance and Administration P.G. Tennakoon receiving the award from the officials of SAFA, at the Award Ceremony held on 4 December 2014 at Hotel Mayfair, Bhubaneswar, India   This annual report... 


Commercial Bank, adjudged Runner-Up at Best Corporate Citizen awards

Published : 12:00 am  December 17, 2014  |  Category: CSR / Events  |  Leave a Comment  |  125 views  |  

Dominates the award ceremony with 7 awards   Commercial Bank Chairman Dharma Dheerasinghe, Managing Director Jegan Durairatnam and Chief Operating Officer S. Renganathan flanked by the Commercial Bank team at the awards ceremony     The Commercial Bank’s status as one of Sri Lanka’s leading corporate citizens was emphatically reaffirmed this week when the Ceylon Chamber of Commerce presented the country’s largest private bank with the Runner-Up award at the 2014 Best Corporate Citizen Sustainability Awards, along with seven more accolades. While retaining its position as one of the Top 10 Best Corporate Citizens in Sri Lanka, the Bank emerged the winner in the category... 


Central banks intervene as Asia puts its strength to the test

Published : 12:00 am  December 17, 2014  |  Category: Financial Services  |  Leave a Comment  |  145 views  |  

Asian central banks ramp up intervention amid EM sell-off Sell down rekindles painful memories of Asian financial crisis Analysts say this not a repeat of 97/98 but warn of more losses A man pulls a hand-drawn cart in front of the Reserve Bank of India (RBI) building in Mumbai – REUTERS JAKARTA/SINGAPORE (Reuters): Asian central banks have ramped up their intervention in currency markets to stem the sell-off roiling emerging markets, testing the notion that the region is better placed to handle a market rout than during its 1997-1998 financial crisis. This battle between central banks and investors selling emerging market assets will likely intensify as analysts warn the region’s... 


Secondary market bond yields decrease further ahead of weekly bill auction

Published : 12:00 am  December 17, 2014  |  Category: Business  |  Leave a Comment  |  153 views  |  

By Wealth Trust Securities Activity in secondary bond markets picked up yesterday, as buying interest along the yield curve saw yields dip further ahead of today’s weekly Treasury bill auction. The two 2018 maturities (i.e. 1 April 2018 and 15 August 2018) were seen hitting intraday lows of 6.95% and 7.00% respectively followed by the 1 July 2019 to a low of 7.05%, the 1 July 2022 to 7.82% and the 1 January 2024 to 7.94%. However, selling interest at these levels was seen curtailing the downward trend. Today’s auction will see an total amount of Rs. 12 billion on offer consisting of Rs. 3 billion on the 182 day and Rs. 9 billion on the 364 day maturities. At last week’s auction, the weighted... 


Sampath Bank opens ATM at Godagama

Published : 12:00 am  December 17, 2014  |  Category: Financial Services  |  Leave a Comment  |  117 views  |  

The newest ATM of Sampath Bank was ceremonially opened at No. 2B, High Level Road, Godagama by Chief Manager Branch Banking of Sampath Bank, Amal Kirihena on 8 December. This new ATM is the latest addition to Sampath Bank’s island-wide ATM network. The people in the Godagama area can now do their daily banking with comfort and ease through this newest ATM. General ATM features can be accessed at this location including cash withdrawals, fund transfers, utility bill payments, a Cardless Cash facility, Mobile Cash facility, etc.  Read More →


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