Category: Other
Awarding of compensation to families of deceased migrant workers
Thirty four families of deceased migrant workers in the Middle East were given compensation and salary dues by the Acting Minister of Foreign Affairs Dr. Harsha de Silva on 17th February 2016 at the Foreign Ministry. A total of Sri Lankan Rupees 57 million was awarded to the family members. This was the first awarding […]
Alpha Fire Services launches new water mist technology to combat kitchen fires
Colombo. Tuesday 16 February 2016. Alpha Fire Services (Pvt) Ltd Sri Lanka will showcase the Proano Kitchen Water Mist Fire Suppression Systems, which are rapid and effective on kitchen (F/K class) of fires, at the forthcoming ‘Architect Exhibition’ to be held at BMICH from 18th to 21st February. Water Mist is nebulised fresh water distributed […]
President visits Holocaust Memorial & Jewish Museum in Germany (In Pics)
Feb 17, 2016 (LBO) – Sri Lanka’s President Maithripala Sirisena who arrived in Berlin on Tuesday (16) visited the Holocaust Memorial and the Jewish museum in the evening. The Holocaust Memorial in Berlin has been built to memorize the Jewish victims of the Holocaust. This, which has been designed by architect Peter Eisenman and engineer […]
Prof. B. Mahadevan speaks about Inspirational Leadership
World-renowned speaker Prof. B. Mahadevan is in Sri Lanka on the invitation of the Business School of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), to conduct several programmes for the corporate leadership in the country. Prof. Mahadevan was the guest speaker at the CA Sri Lanka CEOs’ Breakfast Forum on “Inspirational […]
Fitch assigns Alliance Finance BB+ rating; outlook stable
Fitch Ratings Lanka has assigned Alliance Finance Company PLC (AFC) a National Long-Term Rating of ‘BB+(lka)’ with a Stable Outlook. The agency has also assigned the company’s outstanding senior unsecured debentures a National Long-Term Rating of ‘BB+(lka)’ and its outstanding subordinated debentures a National Long-Term Rating of ‘BB(lka)’. KEY RATING DRIVERS NATIONAL RATINGS AND SENIOR […]
MTD Walkers prepares for positive growth in construction industry
Integrated infrastructure and engineering solutions provider MTD Walkers PLC announced its results for the third quarter of 2015/16 today posting revenue of LKR 2.7 billion. The Group has managed to increase its gross profit margin to 25% from 16% in the third quarter last year in what continues to be a tough year for the […]
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Fitch Ratings-Colombo-16 February 2016: Fitch Ratings has today assigned Hatton National Bank PLC’s (HNB, AA-(lka)/Stable) proposed subordinated debentures of up to LKR7bn 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, and the final rating is the same as the expected […]
Guru.lk launches course on how to make money on the Internet
Can individuals make money safely and legitimately on the Internet? The answer according to Guru.lk is yes, and Sri Lanka’s leading edutainment website has launched an online course to teach how. Available at just Rs 10/- per day, ‘How to do Online Jobs’ shows how any skilled person with imagination can market himself or herself […]
SriLankan to discontinue Rome operations; completes A330 fleet induction
This year promises to be an interesting one for world aviation. Fuel prices are near historic lows and global demand remains strong. SriLankan Airlines, similar to international carriers world over, has had to respond to this highly competitive market environment by re-evaluating its current operations and re-deploying capacity to more sustainable routes and destinations. Accordingly, […]
Commercial Bank customers to receive discounts for Health Packages
The Commercial Bank of Ceylon has enhanced the value of its savings products for women and senior citizens through a partnership with the Asiri Group of Hospitals to offer customers in these categories an exclusive discount on selected diagnostic services. A Memorandum of Understanding signed by the two entities paves the way for holders of […]
DFCC Bank Senior Debentures rated Final AA- by Fitch
Fitch Ratings has today assigned DFCC Bank PLC’s (DFCC; AA-(lka)/Stable) proposed senior unsecured debentures of up to LKR7bn a final National Long-Term Rating of ‘AA-(lka)’. The assignment of the final rating follows the receipt of documents conforming to information already received, and the final rating is the same as the expected ratings assigned on 3 […]
Fitch rates Singer Finance proposed Senior Debt BBB (EXP)
Fitch Ratings has assigned Singer Finance (Lanka) PLC’s (SFL; BBB(lka)/Stable) proposed senior secured redeemable debentures of up to LKR1.5bn a ‘BBB(lka)(EXP)’ National Long-Term expected rating. A full list of rating actions is at the end of this rating action commentary. The issue will have three tranches with bullet principal repayments in the third, fourth and […]