Category: Industry
Lal quote s Charms
ldblquote Everything has been sorted out.We are starting work tomorrow dblquote , a member of restructuring management team told Lanka Business Online. rnrnThe 13-member restructuring management team returned to work today, for the first time since union activists unceremoniously ousted them on December 28. rnrnThey attended Nanayakkara quote s takeover ceremony this morning and were […]
Last Call
The ministry last week announced a six-month moratorium on parate executions but stopped short from adjusting the provisioning requirements of all banks. rnrnldblquote This is the first and the last time we are appealing to all banks, dblquote Deputy Finance Minister, Bandula Gunawardene told reporters. rnrnldblquote We don quote t want to damage the lending […]
Study Link
rnThe most recent to join the fray are local giants Ceylinco Consolidated in a tie up with US based lquote President quote s Network quote endash a network of over 90 colleges and universities in America. rn rnTogether the two organisations will offer US/Sri Lanka sponsored university education in Colombo this April at the lquote […]
Early Bird
In its second year as a stand-alone publication and the first since distribution was made independent of the White Pages, the 2002 edition is expected to reach a much wider target group this year, the company said. rnrnThe directory is delivered free to all telephone subscribers. rnrnThe company has tied up with the Sri Lanka […]
Standing Out
Ratwatte condemned the Ceylon Bank Employees Union (CBEU) protests against the restructuring management team, calling it an ldblquote uncivilised act not suited for professional bankers.“ rnrnHe further said reforms at People quote s Bank would continue regardless of party politics since the financial viability of the bank depends on them. rnrnldblquote This protest is totally […]
Monthly Special
ldblquote Improving our interest cost structure by encouraging more current account deposits, is not the main objective of the promotion. Through the years the use of cheques by retail and business customers have become stagnant, due to lack of promotions, HNB Deputy General Manager, Dulip Daluwatte told Lanka Business Online. rnrnHNB being the largest private […]
Freezing
Parate executions or the foreclosure on default loans by banks, would not cover micro enterprises whose borrowings are less than Rs.1 mn as at March 31. rnrnEntrepreneurs whose borrowing does not exceed Rs. 500,000 as at March 31 are also eligible for the package under the government quote s 100-day programme. rnrnDeputy Finance Minister, Bandula […]
Fat SLIM
The additional awards include 10 marcom award categories such as PR, direct response marketing, corporate promotional material and interactive marketing.rn rnMarcom Awards are given for excellence in high technology and interactive advertising, public relations and marketing communications. rn rnThe move comes as public relations, direct marketing and other below the line tools are taking over […]
Setting Standards
ldblquote Sri Lanka was chosen for the centre since a majority of the bank quote s IT developers/programmers in its Regional Centre in Dubai, are Sri Lankans, and some of these were seconded from the Sri Lankan operations, dblquote the bank said in a statement. Currently employing 18 people, the centre is expected to employ […]
Union Terror
ldblquote We have been out of our offices since December 28.Despite top-level government intervention, the environment is still not conducive for us to return to work dblquote , he said. The agitation was initiated by ruling party UNP trade union endash Jathika Sevaka Sangamaya (JSS), but senior UNP quote s intervened to avoid damage to […]
Extended Banking
Earlier ABN Amro has been able to constantly maintain an impressive ROE of nearly 30 percent on profit after tax around Rs.150 mn. High ROE quote s are a common feature among foreign banks that cater to a niche market in Sri Lanka. Due to high restructuring expenses following the takeover, the figure is expected […]
Talking Back
rnThe surplus staff was offered a Voluntary Retirement Scheme based on employees age, years of service and years up to retirement.rn rnA number of staffers had accepted the offer with the bank referring the matter of about 100 excess staffers to the Labour Commissioner, the bank said in a release today.rn rnThe Ceylon Bank Employes […]