Category: Other
‘s HDFC Bank to BBB-(lka), maintains on RWN
Fitch Ratings has downgraded Housing Development Finance Corporation Bank of Sri Lanka’s (HDFC Bank) National Long-Term Rating to ‘BBB-(lka)’ from ‘BBB(lka)’. HDFC Bank’s senior secured and senior unsecured debentures have also been downgraded to ‘BBB-(lka)’ from ‘BBB(lka)’. The ratings are maintained on Rating Watch Negative (RWN). The one-notch downgrade reflects Fitch’s assessment of the weakening […]
Spice Traders welcome ban on re-export of pepper from Sri Lanka
Jan 29, 2018 (LBO) – Spices & Allied Products Producers’ & Traders’ Association said they are happy to learn that President Sirisena has directed the re-export of Pepper from Sri Lanka would be banned from February 10th 2018. Addressing a public rally yesterday, the President said steps will be taken to completely stop the re-export […]
Eurocars launches the Porsche 911 Targa 4 GTS
(PRESS RELEASE) – Eurocars, the official agent of Porsche cars in Sri Lanka officially launched the new 911 Targa 4 GTS recently in the presence of 911 sportscar enthusiasts in Colombo. The 911 Targa 4 GTS is the newest model to be included in the Porsche 911 sportscar range and stands out not only for its […]
‘ government guaranteed bonds at B+
Fitch Ratings has affirmed SriLankan Airlines Limited’s (SLA) US dollar-denominated government guaranteed bonds at ‘B+’. KEY RATING DRIVERS The national carrier’s bonds are rated at the same level as its parent, the Sri Lankan state (B+/Stable), due to the unconditional and irrevocable guarantee provided by the state. The state held 99.5% of SLA at end-2017 […]
Sri Lanka assumes Presidency of Conference on Disarmament
Sri Lanka has called on member states of the Conference on Disarmament (CD) to seek to bring back the necessary attention at the highest political levels to the CD, in order to maintain the integrity and credibility of the Conference, as well as to create forward movement and momentum.Sri Lanka’s Permanent Representative to the UN […]
Oscars 2018: The list of nominees in full
Jan 24, 2018 (LBO) – The nominations for the 90th Academy Awards was announced in Los Angeles, Tuesday with “The Shape of Water” leading list. Guillermo del Toro’s fantasy romance (The Shape of Water) received 13 nominations and World War Two drama Dunkirk lays claim for eight nominations. Meanwhile, Rachel Morrison has made Oscar history […]
World Health Day 2018 to be celebrated in Sri Lanka
Dr. Tedros Adhanom Ghebreyesus, the Director General (DG) of the World Health Organization (WHO) announced today in Geneva during the 142nd Session of the Executive Board of the WHO that the World Health Day 2018 will be celebrated in Sri Lanka. This year’s theme will be the Universal Health Coverage (UHC). The DG congratulating Sri […]
SriLankan records highest ever monthly operating revenue in December
SriLankan Airlines, the national carrier of Sri Lanka and a member of the oneworld alliance, achieved the highest ever monthly revenue in Company history in December 2017. The air-transport operation of the Company recorded a stand-alone revenue of US Dollar 100.1 million – the first instance in the 38-year history of the airline where monthly […]
President of Indonesia to visit Sri Lanka this week
At the invitation of President Maithripala Sirisena, President of Indonesia, Joko Widodo will undertake a State visit to Sri Lanka from 24-25 January 2018. The Indonesian President will be accorded a ceremonial welcome with guard of honour and twenty one gun salute at the Presidential Secretariat on the evening of 24th January, followed by official […]
The role of the yahapalana opposition: Report
There is a yahapalana government as well as a yahapalana opposition in this country. After the August 2015 parliamentary election, the UNP Speaker refused to recognize the Joint Opposition which had over 50 MPs as a part of the opposition, and gave the opposition leadership to the TNA which had 16 MPs. The JVP which […]
SLT launched country’s first, purpose built tier 3, National Data Centre
SLT announces grand opening of the state-of-the-art Tier 3 “National Data Center” in Sri Lanka Sri Lanka’s First “Purpose built Tier 3 Data Centre” First “Green Gold Certified Data Centre” in Sri Lanka First Network Function Virtualization ready Data Centre in South Asia Together with Ministry of Telecommunications and Digital Infrastructure (T&DI) […]
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Joint Press Release following the 21st meeting of the European Union-Sri Lanka Joint Commission The 21st meeting of the European Union-Sri Lanka Joint Commission took place in Colombo on 18 January 2018. The European Union-Sri Lanka Joint Commission oversees the 1995 EU-Sri Lanka Cooperation Agreement on Partnership and Development. Its tasks include ensuring the implementation […]