Category: Other
Fitch rates DFCC Bank subordinate debentures final A+(lka)
Fitch Ratings has assigned DFCC Bank PLC’s (DFCC; AA-(lka)/Negative) Basel II-compliant subordinated debentures of up to LKR7bn a final National Long-Term Rating of ‘A+(lka)’. The final rating is the same as the expected rating assigned on 27 September 2016 and follows the receipt of documents conforming to information already received. The debentures, with tenors of […]
RIU Investor roadshow London 2016 holds session at the High Commission
(PRESS RELEASE) – The RIU (Research Intelligence Unit) Investor Forum, geared towards facilitating cross border investment between Sri Lanka and the United Kingdom was held at the Sri Lanka High Commission in Hyde Park Gardens, London on Friday the 7th October. The special focus of this event being on real estate and related investment facilitation […]
‘s Fitch rates Seylan Bank senior debt A-(lka)(EXP)
Fitch Ratings has assigned Seylan Bank PLC’s (A-(lka)/Stable) proposed senior debenture issue of up to LKR8bn a National Long-Term Rating of ‘A-(lka)(EXP)’. The debentures will have tenors of three and four years and carry fixed and floating coupons. The debentures are to be listed on the Colombo Stock Exchange, and the bank plans to use […]
Minister Daya Gamage pays last respect to Thai King
Condoling the demise of the King of Thailand His Majesty Bhumibol Adulyadej , Minister Daya Gamage paid last respect to the King at the Official Residence of Thai Ambassador, today (17).
Kuwaiti envoy held talks with Ceylon Chamber on trade & investments
Kuwaiti Ambassador in Sri Lanka, His Excellency Khalaf Bu Dhhair says his country is willing to help Sri Lanka’s development plans with required investments. The envoy conveyed this when he made a courtesy call to the Ceylon Chamber of Commerce on Thursday, the 13th October, 2016 and heldtalks with Chairman, Mr. Samantha Ranatunga. “Kuwait is […]
Sri Lankan business leaders meet U.S. Ambassador
Oct 17, 2016 (LBO) – Top Sri Lankan business personalities met U.S. Ambassador H.E. Atul Keshap at a dinner event in Colombo recently, organized by the Horton Debate Society. Ambassador Keshap and his wife Karen attended the dinner event at the Grand Gourmet restaurant on Horton Place in Colombo, with Ranjan Hulugalle, chairman of the […]
Turkey extends assistance to Sri Lankan fishermen and farmers
The Republic of Turkey uplifted the livelihoods of more than 200 fishing and farming families in Trincomalee District by donating 80 fishing boats, 400 fishing nets, 30 electric water pumps and 30 kerosene water pumps to fishing and farming communities in Trincomalee at a ceremony held at the Public Library Hall in Kinniya. More than […]
Saaraketha wins gold at NCE Export Awards 2016
Sri Lanka’s biggest retailer and exporter of fresh, certified organic food, Saaraketha Holdings was recently awarded “gold” under the “Other Agricultural Products” sub-sector of the NCE Awards 2016. Organized by the National Chamber of Exporters of Sri Lanka, the awards ceremony was held on 30th September at Colombo Hilton under the patronage of Eran Wickramaratne […]
CSE opens new branch in Ambalantota
The Ambalantota branch of the Colombo Stock Exchange (CSE) was officially opened to the public by CSE Chairman Vajira Kulatilaka today. The branch located at No. 52, Hambantota Road, Ambalantota improves the CSE’s branch coverage and adds to branches in Matara, Kandy, Kurunegala, Negombo, Jaffna, Anuradhapura and Ratnapura. Initiatives driven through the CSE branch network […]
Sri Lanka Customs says information on fraud will be rewarded
Oct 14, 2016 (LBO) – Sri Lanka’s Customs says information regarding customs fraud will be rewarded, without giving details of the extent of the reward. All those who have information can contact the CIU on +94112471471, the department said on its website. Sri Lanka is currently exploring a draft policy to protect ‘whistleblowers’ to strengthen […]
‘s subordinated debt final A+(lka)
Fitch Ratings Lanka has assigned Hatton National Bank PLC’s (HNB; AA-(lka)/Stable) proposed Basel II-compliant subordinated debentures of up to LKR6bn a final National Long-Term Rating of ‘A+(lka)’. The assignment of the final rating follows the receipt of documents conforming to information already received. The final rating is the same as the expected rating assigned for […]
Foreign Minister meets UN Under-Secretary General Dr. Akhtar
Minister of Foreign Affairs Hon. Mangala Samaraweera met with Dr. Shamshad Akhtar, Under-Secretary General of the United Nations and Executive Secretary of the Economic and Social Commission for Asia and the Pacific (UNESCAP) at the Ministry of Foreign Affairs yesterday, 12 October 2016.