Update on Price band - Oct 1

As at Friday October 1, a 10% price band is presently applicable for SEVEN listed securities.
 

Vallibel Finance (Sep 23 to Oct 13), Lake House Printers and Publishers PLC (Sep 24 to Oct 14), Bogawantalawa Plantations (Sep 29 to Oct 19), Metropolitan Resource Holdings Plc (Sep 29 to Oct 19), East West Properties PLC (Sep 30 to Oct 20) , Coco Lanka PLC (Sep 30 to Oct 20) and
Colombo Land & Development Company Plc (Oct 1 to 21 Oct), a CSE filing made on Oct 1 stated.

BoC Selects Misys BankFusion Universal Banking to provide application software

Bank of Ceylon (UK) Ltd has chosen Misys BankFusion Universal Banking, the global application software and services company for trade finance processing, Message Manager for payments and messaging and the innovative Misys Personal Finance Portal for its consumer customers.

Bank of Ceylon in the UK was an international branch of the Sri Lanka state-owned Bank of Ceylon until early 2010 when the bank was granted a UK licence. The business will be the hub for the bank's expansion programme both in volumes and new geographies to service overseas Sri Lankans.

US businessmen to meet in Sri Lanka

Washington, Oct 1 (IANS) A second annual conference to attract US investment to Sri Lanka will be held in Colombo Oct 12-14, giving business executives a chance to expand businesses in the island. The conference is organised by the Sri Lankan embassy here and the Office of the US Trade Representative, the US Department of Commerce, the US embassy in Colombo and the Sri Lanka Trade Ministry. 'Our first conference last year gave people a good look at Sri Lanka, and the potential for businesses there,' said Jaliya Wickramasuriya, Sri Lanka's ambassador to the US. 'Now some of those businesses are planning to begin operations in Sri Lanka. We want to make sure that business people know the advantages of investing here,' he said. Sri Lankan President Mahinda Rajapaksa met US investors during a business development luncheon last week. He explained to them the benefits of doing business with Sri Lanka. Those benefits include Sri Lanka's free trade agreements with India and Pakistan that gives US businesses duty-free access to those large markets, as well as relaxed foreign investment regulations.

World's most attractive employers

Google is the "world's most attractive employer" based on a survey of 130,000 career seekers with an education in business or engineering, according to Universum, a consulting firm that focuses on employer branding. Google retained its position for the second consecutive year, while rival Microsoft was rated the 7th most attractive employer.

In the overall business ranking, Google is seeing a challenge from the "Big Four" auditing firms -- KPMG, Ernst & Young, PricewaterhouseCoopers and Deloitte -- who rounded out the top five.

The sixth-most attractive business to work for is Procter & Gamble. After Microsoft in 7th place, Coca-Cola, J.P. Morgan and Goldman Sachs round out the top 10.

The rankings were compiled from a survey of "nearly 130,000 students at top academic institutions," who "chose their ideal companies to work for." The survey was first conducted in 2009.

Sky taxi

SriLankan Air Taxi takes to the skies again

SriLankan Airlines is set to re-launch its domestic floatplane service – SriLankan Air Taxi – starting this December in time for the winter tourist season, a statement by the airline said.

SriLankan’s Head of Worldwide Sales Mohamed Fazeel said: “We are delighted to announce that we will shortly be adding a new dimension to domestic travel, enabling all types of travelers to reach most parts of the island within 40 minutes. International visitors arriving in Sri Lanka can go straight on to their destinations with convenient connections.”

The National Carrier is planning to acquire two Twin Otter aircraft for the operation, each with a capacity of up to 15 passengers. These twin-engined aircraft are currently being sourced.