HSBC acted as joint bookrunner and joint lead manager in Bank of Ceylon’s (BoC’s) debut US$ ($) 500 million 144A/Reg S 5-year Bond offering that was successfully concluded last month, preceded by a roadshow covering, Singapore, Hong Kong, UK and the USA. Ahead of the issuance, BoC secured its first international ratings of BB-/B1 (Fitch/Moody’s) [...]
Sri Lanka was ranked 22nd out of 60 countries in the recently published Change Readiness index (CRI) based on research by KPMG and the Overseas Development Institute (ODI), on the “change readiness” of developing and emerging economies captured in the survey. CRI takes into account government capability and the capability of a country as a [...]
Emirates airline launches the Skywards Future Artists Competition 2012 to find the world’s most aspiring artists. The creators of the winning artworks will receive US$ ($)5000 along with a $2000 prize for the institution where the winners have studied(if applicable). Winners of the competition will have their artwork featured on the Skywards 2013 membership cards, [...]
Institute of Personnel Management Sri Lanka Inc. (IPM) will hold its International HR Conference later next month in a suburban hotel. IPM President Air Vice Marshal (Retd.) Rohitha Ranasinghe said that the theme of the Conference, “The Evolving New HR Agenda” has been formulated taking into account the HR discipline’s rapid transformation over the years. [...]
Expolanka Holdings PLC recently acquired the controlling stake in Akquasun Holidays India (Pvt) Ltd. for US$ 915,000. Akquasuns, a Mumbai-based B2B destination management network company, is primarily mandated to attract traffic from emerging markets like India, Russia and China. Now it’s part of Expolanka Group’s travel and leisure cluster which includes Luxe Asia that focuses [...]
Nations Trust Bank plc (NTB) added an important milestone to the bank’s expansion plan with the opening of its 50th branch in Aluthgama recently. Commenting on this 50th branch opening director/CEO Saliya Rajakaruna said, “The 50th branch opening expresses the bank’s thrust in growing its network to reach out to a larger population in this [...]
NDB opened its newest branch in Aluthgama offering a wide financial services and solutions range to this coastal community. Aluthgama is a significant commercial hub situated at the Kalutara district limits. Aluthgama town is also renowned to be fast growing in the leisure and hospitality trade. The coastal town harbours many small and medium scale [...]
Ceylinco Insurance recorded an enviable Rs.1,129 million (Rs 1.1 billion) profit after tax for the year ended December 31, 2011. During the review year Ceylinco Insurance PLC made a Rs.1,301 million (Rs 1.3 billion) operational profit. Group PAT grew 39% year on year (YoY) to Rs.1,393 million. Last year Ceylinco Insurance recorded a Rs. 19.8 [...]
Dubai International repeated last year’s triumph by winning the Air Cargo Hub of the Year award at the recent annual Supply Chain and Transport Awards night held in Dubai. “It is a great honour to again be recognised as a key player. At Dubai Airports we strive to build on the advantages of our location, [...]
Thomas Cook Holidays has appointed Sparklink Travels (Pvt) Ltd as their strategic partner to promote, distribute and service Thomas Cook global holiday products to the growing segment of out bound holiday makers in Sri Lanka. Sparklink Travels (Pvt) Ltd established in 1979 by Nihal C B Perera with a track record of 32 years in [...]
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