Category: Other
Royal Turf Club formed; aims to boost sports tourism
The exciting sport of horse racing with it’s glamour, prestige and showmanship has long held a place in the hearts and history of Sri Lanka. In the 1840’s Mr. John Baker introduced this illustrious sport with the inaugural race taking place at the Nuwara Eliya Race Course in 1875. Originally conducted by the Nuwara Eliya […]
Sri Lanka’s Right to Information Bill in Parliament next week
Mar 03, 2016 (LBO) – The much-awaited Right to Information Bill is to be presented to the Parliament on March 8 for the first reading, the government said. Mass Media and Parliamentary Reforms Deputy Minister Karunaratne Paranavithana said all Provincial Councils have endorsed the draft Bill referred to them. “There was a slight delay in […]
Trincomalee port records Rs9mn increased income: Ports Ministry
The Port of Trincomalee has recoded Rs. 9 million of increased income during the last two months by re-establishing the weigh bridge system at port. The total income received by the port was reported as at Rs.71 million for the said period. The port introduced Weigh Bridge system first, in the year of 2006 but […]
Fitch downgrades Sri Lanka Telecom to B+
Fitch Ratings has downgraded Sri Lanka Telecom PLC’s (SLT) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to ‘B+ from ‘BB-‘. The Outlook on the IDRs is Negative. The agency has affirmed SLT’s National Long-Term Rating at ‘AAA(lka)’ with a Stable Outlook. The rating action follows Fitch’s downgrade of Sri Lanka’s Long-Term Foreign- and Local-Currency […]
Holcim Lanka and Maga initiates sustainable green building practices
Holcim (Lanka) Ltd, a member of the LafargeHolcim Group and a leading company in building materials, together with Maga Engineering (Pvt) Ltd, Sri Lanka’s leading construction & engineering company, officially signed a memorandum of understanding (MoU) on 1 March 2016, on working towards a path of sustainability for the Sri Lankan construction industry. The MoU […]
Fitch downgrades SriLankan Airlines government guaranteed bonds to B+
Fitch Ratings has downgraded the rating on SriLankan Airlines Limited’s (SLA) US dollar-denominated government-guaranteed bonds to ‘B+’ from ‘BB-‘. This follows the downgrade of Sri Lanka’s Long-Term Foreign and Local-Currency Issuer Default Ratings to ‘B+’ with a Negative Outlook (see ‘Fitch Downgrades Sri-Lanka to ‘B+’; Outlook Negative’, dated 29 February 2016). The national carrier’s bonds […]
‘s changes outlook on China credit rating to negative
Mar 02, 2016 (LBO) – Moody’s Investors Service has today changed the outlook to negative from stable on China’s government credit ratings, while affirming the Aa3 long-term senior unsecured debt, issuer ratings, and (P)Aa3 senior unsecured shelf rating. The key drivers of the outlook revision are: 1. The ongoing and prospective weakening of fiscal metrics, […]
ETCA panic unfounded: Sujeewa Senasinghe
The proposed Economic & Technical Agreement (ETCA) with India needs to be viewed beyond the vilifying exaggerations made against it for quick political mileage-and contrary to the general perception, ETCA is not the umbrella agreement that decimates almost all services and professions in Sri Lanka, said State Minister of International Trade Sujeewa Senasinghe on 29 […]
Early wins for Clinton, Trump in nomination race
Mar 02, 2016 (LBO) – Hillary Clinton and Donald Trump both won several states in the race for US presidential nomination in results released so far. Trump clinched seven states Alabama, Georgia, Massachusetts, Tennessee, Virginia, Arkansas and Vermont, Ted Cruz won Texas and Oklahoma and Marco Rubio won Minnesota. On the side of Democrats, Hillary […]
MR reveals UNP conspiracy to destroy SLFP
I take pride in the fact that I built the strongest SLFP government in our party’s history during my tenure in power. That government was so strong that it could be defeated only by conspiratorially creating divisions in the party and a section of the SLFP joining the UNP in its campaign of vilification and […]
SINGER receives ‘named account status’ with Microsoft
SINGER Sri Lanka, achieved the named account status with Microsoft at a special occasion earlier this week. The event was graced by István Papp – Vice President Microsoft Asia Pacific, Brian Kealey- Country Manager – Sri Lanka & Maldives and Pubudu Basnayake – OEM Director – South East Asia New Markets from Microsoft and Asoka […]
LOLC opens trading at the CSE
Lanka ORIX Leasing Company PLC (LOLC) rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) today. Mr. Vajira Kulatilaka, Chairman of CSE speaking at the event stated “We thank the LOLC Group for taking part in this market opening ceremony, which marks the first day of trading for the month of […]