Bank of Ceylon's Seychelles branch was honoured for distinguished service and commitment to strengthen the cooperation between Seychelles and Sri Lanka at the Service Excellence Awards ‘Sewaabhimani Honours Awards' held in Mahe, Seychelles.
BUSINESS NOTEBOOK - December 2018
SLIoT Challenge, Sri Lanka's IoT product development competition and Robo Games were held for the second consecutive year at the Techno 2018 exhibition. These technology based competitions were organised by Sri Lanka Telecom, in collaboration with the University of Moratuwa and the Institution of Engineers Sri Lanka (IESL).
The Tokyo based Mitsubishi Electric Corporation reported that the Shanghai Mitsubishi Elevator (SMEC), the market leader in offering elevators and escalators since operating in China in 1987, surpassed the 800,000-unit milestone in both elevators and escalators in 2018.
The Bank closed the nine months ending 30th September 2018 with a post-tax profit of 3,138 million rupees, a moderate growth of 4.5 per cent over the corresponding period in 2017 in the backdrop of challenging market conditions.
Multinational textile manufacturer, Teejay Lanka, reported sales of 14.4 billion rupees and profit after tax of 704.8 million rupees at Group level for the six months ending 30th September 2018, reflecting a growth of 25 per cent and 20 per cent respectively for the period under consideration.
The Commercial Bank of Ceylon was named the ‘Most Innovative Business Partner in Sri Lanka' for 2017 by Mastercard International. The Bank was presented this accolade for its innovative ideas around new segments, partnerships and technology, and its level of engagement with its customer base. With this prestigious award, Mastercard International also recognised Commercial Bank's receptiveness to ideas about the future of the payments landscape of Sri Lanka.
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