Category: Other
‘s senior debt final BBB+(lka)
Fitch Ratings has assigned Senkadagala Finance PLC’s (SFC: BBB+(lka)/Stable) issue of senior unsecured redeemable debentures of up to LKR3bn a final National Long-Term Rating of ‘BBB+(lka) ‘. The final rating is the same as the expected rating assigned on 13 June 2016, and follows the receipt of documents conforming to information already received. The amount […]
Sixty SMEs from the Eastern and Central Provinces joins SME ProLink to strengthen business
SME Pro-Link, an initiative of the GIZ and CCC and which was launched last year is planning to launch its 2nd phase. Accordingly, the second “SME ProLink: Unity Through Business” Programme in Trincomalee would be organized in Trincomalee District and would provide opportunities to the participating SMEs and the stakeholders of the Food and Beverage […]
MR seeks President’s intervention into upcoming VAT hike
[pdf-embedder url=”http://lbo-stg.efserver.net/wp-content/uploads/2016/08/VAT-Bill-English.pdf” title=”VAT Bill English”]
CA Sri Lanka underscores importance of re-strategizing businesses
President of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) Mr. Lasantha Wickremasinghe recently underscored the importance for companies to ‘redefine, re-strategize and modify ’ their business models which, according to him, will not only help ensure the long term success and sustenance of organisations, but will also contribute towards achieving the […]
”AA- ( lka)(EXP)
Fitch Ratings has assigned Commercial Bank of Ceylon PLC’s (CB; AA(lka)/Stable) proposed subordinated debentures of up to LKR7bn an expected National LongTerm Rating of ‘AA-(lka)(EXP)’. The debentures, which are to have tenors of five and 10 years and carry fixed and floating coupons, are to be listed on the Colombo Stock Exchange. CB expects to […]
New UN resident coordinator for Sri Lanka takes office
Una McCauley presented her credentials to Mangala Samaraweera, Minister of Foreign Affairs, as the new Resident Coordinator for the United Nations and the Resident Representative for UNDP in Sri Lanka today. As the most senior UN Official in the country, McCauley will lead the UN Country Team of 21 Resident and Non-Resident UN Agencies and […]
Minister of Foreign Affairs, Canada and UNDP inaugurate Jaffna’s only Siddha Medicine Center
(PRESS RELEASE) – Honourable Stéphane Dion, Minister of Foreign Affairs of the Government of Canada and Her Excellency Shelley Whiting, Canadian High Commissioner to Sri Lanka together with Lovita Ramguttee, UNDP Sri Lanka Deputy Country Director, visited a UNDP project site recently in Jaffna. During the Honorable Foreign Minister’s visit to Jaffna as part of his […]
Deputy Minister Harsha de Silva heads Sri Lanka Delegation at 23rd ASEAN Regional Forum
(PRESS RELEASE) – Deputy Foreign Minister, Dr. Harsha De Silva headed the Sri Lanka delegation at the 23rd ASEAN Regional Forum (ARF) held in Vientiane, Lao PDR on 26th July 2016. ARF is a Foreign Ministerial Meeting for security dialogue in the Asia-Pacific region and it seeks to promote regional development and prosperity. The ARF […]
Sri Lanka in investor spotlight, as new era dawns: OBG
(PRESS RELEASE) – Sri Lanka’s plans to boost foreign direct investment through a raft of pro-business policies and incentives are mapped out in a landmark report just produced by the global publishing, research and consultancy firm Oxford Business Group (OBG). The Report: Sri Lanka 2016 looks in detail at the government’s vision for boosting economic […]
Kia goes East with smart new Sales Centre
(PRESS RELEASE) – Kia Motors (Lanka) has opened its first Vehicle Sales Centre in Sri Lanka’s Eastern Province as part of the company’s on-going dealership development initiative. The new showroom, which will be operated as a franchise by M/s N.K.D. Ratnam and Co., an experienced player in the automobile trade, is located at 570, Trinco […]
SriLankan launch real-time card transactions for on-board duty free purchases
Passengers purchasing items from SriLankan Airlines’ ‘Serendib Treasures’ on-board duty-free collection will from August 1 enjoy enhanced convenience and purchasing power, thanks to a new electronic credit and debit card system developed in partnership with the Bank of Ceylon to provide real-time processing of transactions. Captain Suren Ratwatte, CEO of SriLankan Airlines, said: “At SriLankan […]
Esala Weerakoon appointed as new secretary of Foreign Ministry
Esala Weerakoon, member of the Sri Lanka Foreign Service batch of 1988 received his letter of appointment as the Secretary to the Ministry of Foreign Affairs, today 1st August 2016, from the Secretary to the President. He has served as High Commissioner to India and Ambassador to Norway. His foreign postings include assignments as Actg. […]