Category: Other
Ban Ki-moon calls on Prime Minister Ranil Wickremesinghe
UN Secretary General Ban Ki-moon calls on Hon. Prime Minister Ranil Wickremesinghe shortly after arriving in Sri Lanka yesterday evening.
Better demand for Sri Lanka low growns, Jan-July tea production down
Sep 01, 2016 (LBO) – Sri Lanka’s tea prices in overall auction offerings were marginally lower with better demand for low grown and mid to high grown prices easier, Forbes & Walker Tea Brokers said in their latest report. “Low Grown varieties together with the leafy teas from the high and medium grown elevation continued […]
India, fastest growing big economy with 7.1 pct GDP growth
Sept 01, 2016 (LBO) – India maintained its title as the world’s fastest growing big economy in the April to June quarter with gross domestic product growth of 7.1 percent, the latest data showed. Although this was its slowest pace for two years, and a slowdown from the previous quarter growth of 7.9 percent, it […]
Ceylinco Life’s 6-month income up 14-pct to Rs 11 billion
(PRESS RELEASE) – Ceylinco Life has reported that total income grew 14 per cent to Rs 11.028 billion in the six months ending 30th June 2016, with robust growth in both gross written premium and income from investments enabling the life insurance leader to consolidate its position at the helm of the sector. Gross premium […]
Asia Pacific shows progress in water security, challenges remain – ADB
STOCKHOLM, SWEDEN (30 August 2016) – Water security in Asia and Pacific has progressed overall in the past 5 years, but major challenges remain, including overexploited groundwater, demand from rising populations, and climate variability, according to a new report from the Asian Development Bank (ADB). The new edition of the Asian Water Development Outlook (AWDO […]
MR, Dinesh, Jonston & Lohan to visit Malaysia this week
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”; Outlook Stable
(PRESS RELEASE) – Colombo30 August 2016: Fitch Ratings has affirmed Sri Lankabased Lion Brewery (Ceylon) PLC’s (Lion) National LongTerm Rating of ‘AA(lka)’ with a Stable Outlook. Fitch has also affirmed the National LongTerm Rating of ‘AA(lka)’ on Lion’s outstanding senior unsecured debentures. Fitch has maintained a Stable Outlook despite Lion’s weakening credit metrics due to […]
Sri Lankan firms asked to implement ‘sourcing strategies’ during a Ceylon Chamber seminar
An expert asks Sri Lankan firms to have a sound ‘sourcing strategy’ in order to help improve the overall business performance by sourcing the rights products at the right price and at the right time. Tom Albrigston, a director at the Norway based Fair Deal AS, said it is important for firms to have an […]
UK, Australia and Taiwan issue travel advisories for Singapore on Zika cases
Aug 30, 2016 (LBO) – Countries including the U.K., Australia and Taiwan have issued travel advisories for tourists to Singapore after the nation announced a further increase in Zika cases. Singapore’s Ministry of Health confirmed 15 more cases of locally-transmitted Zika virus on Monday, bringing the total number of affected to 56, CNBC reported. The […]
Fitch affirms Sri Lanka Insurance Corporation at IFS B+/Negative
Fitch Ratings has affirmed Sri Lanka Insurance Corporation Limited’s (SLIC) Insurer Financial Strength (IFS) rating at ‘B+’ with a Negative Outlook. The agency has also affirmed the National IFS rating and National Long-Term Rating at ‘AA(lka)’ with a Stable Outlook. KEY RATING DRIVERS SLIC’s IFS rating is capped by Sri Lanka’s Long-Term Local-Currency Issuer Default […]
Sri Lanka’s tea industry opposes state interference to use levy
Aug 29, 2016 (LBO) – Sri Lanka’s tea industry players have opposed the Finance Ministry’s move to appropriate the funds accumulated by Tea Board, collected from the industry, for global tea promotion. Releasing a statement, six associations in the tea industry appealed to the Government to reconsider what they called an ‘unfair’ action in deference to […]
Virtusa, highest forex earner of computer related services at Export Awards
VirtusaPolaris, the market-facing brand of Virtusa Corporation and Polaris Consulting & Services, Ltd. and a leading worldwide provider of information technology (IT) consulting and outsourcing services, was recognized as the ‘The Highest Foreign Exchange Earner of the Computer Related Services’ for 2014 at the 20th Presidential Export Awards. Held under the patronage of His Excellency […]