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Boc in landmark rs 20.3 billion pbt


BoC Chairman Ronald C. Perera PC Highest ever profit made by a single Sri Lankan entity Bankers to the Nation, Bank of Ceylon, closed its Diamond Jubilee (2014) on a magnificently high note, by recording the highest ever profit before tax (PBT) in the bank's history as well as in the Sri Lankan banking industry of Rs 20.3 billion, achieving a growth of 29% compared to the previous year. The bank's post tax profit stood at Rs 13.6 billion – a 12% growth.The Group has reporte...

with Dr. Nirmal De Silva When it comes to searching for a new job, a 'flexible approach' to work is a job attribute that job hunters look for and employers have responded by using remote working as a selling point to attract such individuals into their workforce.In fact, today's companies have had to embrace remote working as employees demand more freedom to choose their own work location. However, far too often remote working is simply synonymous with home working, regardless of wh...

Political economy with R.M.B Senanayake Do they move in the same direction or in opposite directions? In the USA in the late 1970s they moved in different directions- when short term rates doubled the trade weighted ER appeared to be considerably different.We can examine the relationship when both rates are determined by market forces. We can use the trade weighted ER or the Real Effective ER where the ER is fixed or maintained by the central bank. When they are out of alignment of th...

By Paneetha Ameresekere Ceylon Finance Today: With Central Bank of Sri Lanka (CBSL) dictating moral suasion on one week's forward rates as well, the market was compelled to trade on two weeks' forwards at yesterday's trading after a lapse of 15 days, market sources told Ceylon FT. As a result, the exchange rate (ER) weakened by 48 Sri Lanka cents (SLc) to be trading at Rs 133/90/95 to the US Dollar in two-way quotes in two weeks forwards yesterday, they said. This tenure was last tr...

Paneetha Ameresekere Ceylon Finance Today: Inflows of US$ 84.23 million, probably in the form of loan disbursements uplifted market's excess liquidity by Rs 11.2 billion on a net basis to Rs 120 billion at yesterday's trading, data showed.As a result, the weighted average rates of call money fell by one basis point (bp) to 6.19% and that of overnight market repo transactions by five bps to 6.05% at yesterday's trading. Conversions are made on the basis that the current, administered...

Paneetha Ameresekere Ceylon Finance Today: The bourse made its seventh lowest share volume (SV) and tenth lowest turnover figure in the calendar year to date at yesterday's trading as the effects of a transitionary government in power continued to weigh heavily on the bourse.This is despite the fact that there is a 'low' interest rate regime in operation, which theoretically should give a boost to the bourse.On a 19.7 million SV and a Rs 493.5 million turnover, the benchmark ASPI decl...

By Chanaka de Silva Ceylon Finance Today: President Maithripala Sirisena said yesterday that the gap between the agriculture experts and the farmers was still too wide.As a result, the expertise required for today's farmers was still not available at the level they require, President Maithripala Sirisena told the Cargills 'Saru Bima' Farmer Citizens awards ceremony held at the BMICH yesterdayThe ceremony saw 18 vegetable and dairy farmers across Sri Lanka being felicitated. The cere...

There are around 75,000 persons employed as professionals in the Information and Communication Technology (ICT) industry in Sri Lanka at present. By the year 2020, the demand for ICT professionals will zoom to around 200,000 to take the country's economy to greater heights. These observations were made by Dr. Dayan Rajapakse, Managing Director, ESOFT Metro Campus, at the ceremonial opening of the new Computer Laboratory at the Kottukachchiya Maha Vidyalaya, Puttalam.ESOFT Metro Campus,...

NDB will be conducting a five-day series of activities in the Jaffna Peninsula, in a bid to inspire and empower the people of the region towards sustainable financial progress; by introducing them to the bank's unique financial solutions and advisory services. The mega town-storming initiative titled NDB Jaffnaspire 2015 will kick start on Wednesday (22) and through the week until Saturday ((25) The programme line-up will place key focus on community development and empowerment of in...

Deputy Chairman of Cargills (Ceylon) PLC Ranjit Page, explaining the concept of creating direct markets for 10,000 farmers in a news release, at yesterday's Cargills Saru Bima Awards said, " The relationships we establish with farmers is a bond Cargills has with the fields they sow, the families they nurture, the communities they live in and the schools where their children learn. Cargills has therefore initiated the Cargills Saru Bima Fund, which is used to empower agriculture co...

By: Kevin Andrews Ceylon Finance Today: Expo 2015 has attracted around 200 key private sector entities for the Sri Lankan pavilion when it launches on May 1 in Milan, Italy, Sri Lanka Tourism Promotions Bureau Chairman Rohantha Athukorala, addressing tourism sector participants at the SLTPB premises last week. Over 20 million visitors from 140 countries with delegations and exhibitions are expected to attend Expo 2015.Of the 200 interested parties, a few sought to continue their pre...

By Ravi Ladduwahetty Ceylon Finance Today: A major breakthrough for cross border listings and capital market linkages will take place when the Colombo Stock Exchange (CSE) Lanka in collaboration with the South Asian Federation of Exchanges (SAFE) will host the 'South Asian Investment Conference 2015' and SAFE Annual General Meeting at the Galadari Hotel on 26 and 27 April, 2015.The conference aims to accelerate the process of economic integration in South Asia by creating strong ...

Ceylon FT

Bankers to the Nation, Bank of Ceylon, closed its Diamond Jubilee (2014) on a magnificently high note, by recording the highest ever profit before tax (PBT) in
When it comes to searching for a new job, a 'flexible approach' to work is a job attribute that job hunters look for and employers have responded by using remote
Do they move in the same direction or in opposite directions? In the USA in the late 1970s they moved in different directions- when short term rates doubled the
With Central Bank of Sri Lanka (CBSL) dictating moral suasion on one week's forward rates as well, the market was compelled to trade on two weeks' forwards at yesterday's

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This scrumptious, spicy and uniquely Sri Lankan meal, the Koththu Roti is famous for its uncommon blend of flavours, a delicious and mouth-watering incorporation
Ghosts of the LTTE were reawakened last week when Indian Intelligence Agencies, claimed that the 'biggest internal security threat to India'; the Naxals, according
"We have now brought under the purview of COPE state-owned companies and subsidiaries registered under the Companies Act 2007 and even those companies with a fair
This magnificent gem was found, as usual, in the city of gems. What comes to mind as soon as the city of gems is mentioned is Ratnapura. However, this is not about