Category: Other
Toyota relinquishes top global sales spot to Volkswagen in 2016
Jan 30, 2017 (Reuters) – Toyota Motor Corp’s four-year run as the world’s top-selling automaker has ended as the Japanese company said on Monday its global sales for 2016 fell short of Volkswagen AG’s. Toyota said global sales across its Toyota, Lexus, Daihatsu minicar and Hino Motors Ltd truck brands rose 0. 2 percent to […]
Capital Alliance introduces high value management trainee programme
Sri Lanka’s leading investment banking firm and the preferred partner in capital markets, Capital Alliance Limited (CAL), has launched a new Management Trainee & Internship Programme called ‘CAL Talent Circle’ to attract and nurture talent in the financial services industry. This programme offers graduates, undergraduates and school leavers a unique opportunity to learn and contribute […]
Toyota Lanka launches its first 1,000cc vehicle Wigo
Press Release: Toyota Lanka (Private) Limited, the sole authorized distributor for Toyota vehicles in Sri Lanka launched its very first 1000cc brand new vehicle to the Sri Lankan market. The Toyota ‘Wigo’ was unveiled at the Ceylon Motor Show held at the BMICH. The ‘Wigo, is Toyota Lanka’s very first entry in the 1000cc category […]
Hayleys “Jeevadhara” project for Murunga cultivation
(PRESS RELEASE) – Committed to improving rural livelihood and nutrition through sustainable agricultural development, Hayleys Agriculture the agriculture arm of the leading multinational conglomerate Hayleys PLC, launched the ‘Jeevadhara’ programme to provide one million Moringa (Murunga/Drumstick/Moringa Oleifera) plants to families in Jaffna and neighboring areas of the Northern Province via a network of 100,000 out-growers. […]
‘s North, more in pipeline
Jan 30, 2017 (LBO) – Sri Lanka opened a state-run paddy store in Mannar to cater to the Northern region which can store 10,000 metric tonnes at cost of 2.6 billion rupees, the Ministry of Industries and Commerce said. “Farmers in this area faced may difficulties including a 30 year war, and now we are […]
Fitch affirms SriLankan Airlines govt 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 airline’s bonds are rated at the same level as SLA’s parent, the government of Sri Lanka (GoSL; B+/Negative) due to the unconditional and irrevocable guarantee provided by the government. GoSL held 99.5% of SLA as at […]
Fitch Rating Lanka re-affirms Bank of Ceylon AA+; outlook stable
Fitch’s periodic review re-affirmed the Bank of Ceylon’s (BOC) National long-Term Rating as AA+ (lka) Outlook Stable in January 2017 and the International Long-Term Issuer Default Rating (IDR) as B+ Outlook Negative. The Bank has been obtaining ratings from Fitch Rating Lanka Ltd since 2000 and has been gradually improving since it obtained its National […]
John Keells Holdings announces second interim dividend
The Board of Directors of John Keells Holdings today announced a second interim dividend of two rupees per share for the 2016/17 financial year. The diversified conglomerate said in a stock exchange filing that the payment date of the dividend will be 16th February 2017.
Sri Lanka Ease of Doing Business Forum meets tomorrow
The Ministry of Finance will be holding the eleventh Forum of the “Ease of Doing Business” tomorrow 27 January 2017 at 2. 00 pm at the 4th Floor Auditorium of MILODA, Academy of Financial Studies, (Old Times Building), Sir Razik Fareed Mawatha, Colombo-01. Ease of Doing, a special forum held by the Finance Ministry under […]
Sri Lanka’s first Palliative Care Centre to open in Anuradhapura
The Government of Sri Lanka, along with Shanthi Foundation, an Australian registered charity, announced its plans to establish Sri Lanka’s first ever Palliative Care Centre in Anuradhapura. This is a joint initiative involving the Presidential Task Force on Prevention of Chronic Kidney Disease, the Ministry of Health, the Sri Lankan High Commission of Australia and […]
‘s 2016 tea production, exports down, revenue up
Jan 26, 2017 (LBO) – Sri Lanka’s tea exports for 2016 totaled 288.7M/kgs compared with 306.9M/kgs during 2015 showing, a decrease of 18.2M/kgs, a tea market report said. “This records the lowest export volume since 2002 where total exports declined to 287.2M/kgs,” Forbes & Walker Tea Brokers said in their latest report. When analyzing the categories of exports, […]