Category: Other
‘s Lagarde
New Delhi, Mar 12, 2016 (LBO) – Even-greater trade integration can support more sustained growth, especially for countries in South Asia, observed Christine Lagarde, Managing Director, International Monetary Fund. Lagarde made these remarks at the opening session of a three-day high-level conference in New Delhi themed “Advancing Asia: Investing for the Future”. The conference is […]
Thank You Sri Lanka, Tohoku Region is back now: Japanese Ambassador
(Message by H.E. Kenichi Suganuma, Ambassador Of Japan on the occasion of the 5th Anniversary of the Great East Japan Earthquake and Tsunami- 11th March 2016) It was exactly 5 years ago today that the Great East Japan Earthquake and Tsunami hit devastating many parts of Eastern Japan. The disaster claimed 15,000 lives of people and […]
Fitch rates Siyapatha Finance proposed debt A- (EXP)
Fitch Ratings has assigned Siyapatha Finance PLC’s (Siyapatha; A-(lka)/Stable) proposed senior unsecured redeemable debentures of up to LKR2.5bn a National Long-Term expected rating of ‘A-(lka)(EXP)’. A full list of existing ratings is at the end of this rating action commentary. The issue will have two tranches with bullet principal repayments in the third and fifth […]
US agency MCC to identify country’s constraints to economic growth
Representatives from the Millennium Challenge Corporation (MCC), an independent U.S. development agency, are visiting Sri Lanka this week to begin a partnership to overcome key challenges to economic growth and poverty reduction. The delegation met with President Maithripala Sirisena, Prime Minister Wickremesinghe, and other top cabinet ministers, along with a cross-section of industry, civil society, […]
LAUGFS bags Platinum at Vision annual report competition
LAUGFS Gas PLC emerged as a top winner again, having received the prestigious Platinum Award for the second consecutive year at the 2014/15 Vision Awards Annual Report Competition. This year, LAUGFS Gas PLC was bestowed with the Platinum Award for excellence within the industry on the development of the organization’s annual report, the Silver Award […]
Sri Lanka investigating money allegedly laundered from NY Fed
Mar 10, 2016 (LBO) – Sri Lanka is investigating Bangladesh government’s claims that hackers stole nearly 100 million dollars from an account with the Federal Reserve Bank of New York and laundered money in Philippines and Sri Lanka. Bangladeshi officials said they had recovered part of the money from Sri Lanka and was in contact […]
Korea eyes investment opportunities in Sri Lanka
In an effort to boost investment and trade between Sri Lanka and the Republic of Korea, the Korea Trade-Investment Promotion Agency (KOTRA) and the Export-Import Bank of Korea (Korea Eximbank) are exploring the possibility of increasing Korean companies’ investing in Sri Lanka whose economy has recorded more than a 6% of GDP growth rate annually […]
‘s leading trade show
The Sri Lanka Pavilion was a big draw at the world’s largest travel and trade show, ITB which opened in Berlin yesterday (9). This year’s ITB is of special significance to Sri Lanka as it is the 50th consecutive year the country is participating at this show. Incidentally ITB and Sri Lanka Tourism are both […]
‘s Day Celebration in Bangalore
A group of Sri Lankan students living in Bangalore represented their country at the International Women’s Day Celebration organized by the Federation of Karnataka Chambers of Commerce & Industry held on 8th March 2016 at a gala event in Bangalore. “Bangalore had always been my second home and I always wanted to take part in […]
John Keells Holdings powers CA Sri Lanka with lead sponsorship
Sri Lanka’s leading conglomerate, John Keells Holdings PLC (JKH) has once again powered the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) with a lead sponsorship. John Keells Holdings has been CA Sri Lanka’s lead sponsor since 2007. JKH Group Finance Director Ronnie Peiris said that JKH is pleased to continue its lead […]
CSE Rings Bell for Gender Equality
The CSE recently joined the Sri Lanka Institute of Directors (SLID), IFC – a member of the World Bank Group, UN Global Compact, UN Women, the World Federation of Exchanges, Women in ETFs and the Sustainable Stock Exchanges (SSE) Initiative to ring the opening bell for gender equality. These bell-ringing events are taking place in […]