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BANK OF CEYLON
Sri Lanka reopens Hambantota airport bid, eyes strategic investorsSri Lanka is seeking investors for the Hambantota airport. This offers a chance for Indian companies to invest in a strategic Indian Ocean ...- Sri Lanka's move to lease strategic airport near China-controlled Hambantota port sparks Indian interestIndia is keenly watching Sri Lanka's move to offer control of Mattala Rajapaksa International Airport to foreign investors. This presents a...
- Satin Creditcare Network secures $100 million in syndicated social loan from Standard Chartered and Sri Lankan lendersSatin Creditcare Network has secured a significant social term loan of $100 million from Standard Chartered Bank and six Sri Lankan lenders...
- In boost to trade in rupees, Bank of Ceylon opens account in Chennai branchConsequently, the bank carried out the very first transaction in Indian rupees with India through this channel, becoming the very first Sri...
- Government asks trade bodies, banks to explore opportunities for trade in rupee with more countriesThe government has asked trade bodies and banks to explore opportunities for trade in rupee with more countries after having facilitated ru...
- Cash-strapped Sri Lanka gets Russian oil to ease shortagesThe island nation is suffering its worst economic meltdown since independence, with shortages of fuel and other vital goods making life mis...
- Sri Lankan state-owned company blocks USD 4.9 million payment to Chinese companyThe fertilizer issue has triggered farmer protests due to non-availability of chemical fertilizers. President Gotabaya Rajapaksa in May ord...
- Sri Lanka seeks $500 mn loan from India for fuel purchaseThe state-run Ceylon Petroleum Corporation (CPC) owes nearly USD 3.3 billion to the two main government banks -- Bank of Ceylon and People'...
- L&T wins water supply project contract in Sri LankaAs per the company's project classification, the award value falls in the range of Rs 1,000 crore to Rs 2,500 crore.
- Protests continue in Tamil Nadu over death sentence to 5 fishermenPro-Tamil groups tried to lay a siege to the Sri Lankan Deputy High Commission in Chennai, but police foiled their attempt. Around 200 acti...
- IFC invests in Sri Lanka's Cargills Foods to help generate jobsIFC, the investment arm of World Bank, will invest $ 20 million in Sri Lanka's Cargills Foods Company to help the company expand operations.
- India Infoline completes sale of 76% stake in Sri Lankan unitIIFL's decision to exit Sri Lankan operations was taken due to its plans to rationalise its relatively smaller international operations.
- Sri Lanka seeks security of its properties in IndiaThe statement came after yesterday's attack on the Sri Lanka's state-owned Bank of Ceylon branch in Chennai.
- Ceylon is colonialCeylon tea is likely to be exempted from the Sri Lankan government's New Year resolution to eschew use of the old colonial name.
- Geek architecture, peak solutionsFor starters, the Mumbai-based Synlog has made payments easy and is a major solutions provider to banks and financial institutions in India...
- Exim Bank in Lanka dealA memorandum of co-operation was signed between Export Import Bank of India and the Ceylon Chamber of Commerce last week.
- Bank of Ceylon to expand India operationsSri Lanka's largest bank the Bank of Ceylon (BoC) is planning to expand its India operations to attract more foreign investment to the coun...
- IOB plans to raise investments in Sri LankaPublic sector lender Indian Overseas Bank (IOB) is planning to enhance its investments in Sri Lanka, local media report stated.
- Identifying and rewarding talentFour Indian companies, Scope Intl, Wipro, Johnson & Johnson Medical India and Ajooba International, along with The Commercial Bank of Ceylo...
- Ceylon Biscuits drops Bakeman's bidSri Lankan biscuit major, Ceylon Biscuits, has given up its plans to acquire the Bakeman’s brand name.
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