All Blogs
Opinion: 2016 – adapt to a changing landscape
By Steve Brice, Chief Investment Strategist, Standard Chartered 2015 was an incredibly challenging year for investors with equities, bonds and commodities in most areas seeing negative returns and heightened volatility. 2016 is expected to be just as difficult. Adapting to the changing environment will be vital, but overall we expect global equity markets to generate […]
Seylan eyes aggressive growth plans and innovative products in 2016: CEO
Seylan Bank, ‘the bank with a heart’, identified as one of the six systemically important banks in Sri Lanka by the Central Bank of Sri Lanka believes their best brand ambassadors are their customers.Perceived as a friendly and caring bank, Seylan saw further expansion as a whole in 2015.The branch network grew up to 159 […]
Details on new investment and exports framework in January: Malik
Dec 22, 2015 (LBO) – Sri Lanka will have its first glance of the country’s new investment and export framework as early as next January, a top Cabinet Minister said. The Board of Investment and Export Development Board are slated to become implementing arms of a new, higher level policy and strategy body consisting of […]
Sri Lanka issues call to join South Asian innovation corridor
First global Innovation Forum to be held in Colombo ‘Let’s boost innovations by going regional’-Rishad NEDA, COSTI & ADB’s Tokyo Institute behind new push 30 global innovation & SME experts taking part ADB’s Snr Economist Vendenberg among visiting experts! Experts to map a new Lankan Innovation Accelerator ‘A targeted approach needed for SME innovations’-ADBI’s Dr […]
‘s outstanding debentures BBB+(lka)
Dec 22, 2015 (LBO) – Fitch Ratings has assigned LB Finance’s outstanding rupee denominated subordinated debentures a National Long Term Rating of ‘BBB+(lka)’. The debentures mature in 2016, 2017 and 2018 and have total value of 2.545 billion rupees. A full list of LB’s ratings is given below. KEY RATING DRIVERS The outstanding subordinated debentures are rated one […]
Sri Lanka stocks close down 0.4-pct: 21 month low
Dec 22, 2015 (LBO) – Sri Lankan stocks closed down at 0.39 percent for a second consecutive day with index heavy stock making losses, brokers said. The Colombo benchmark All Share Price Index closed down at 27.18 points at 6,854.57 down 0.39 percent. S&P SL20 closed 23.05 points down at 3,605.25 down at 0.64 percent. […]
Vitawell launches Sri Lanka’s 1st specialist Nutraceutical store
Vitawell, Sri Lanka’s 1st specialist nutraceutical company, founded with a view to serve the growing market in Sri Lanka for specialist nutraceuticals, was declared open by the Chief Guest Hon. Minister for Health, Nutrition & Indigenous Medicine, Dr. Rajitha Seneratne and the Guest of Honour H.E. High Commissioner of Australia Ms. Robyn Mudie at a […]
Sri Lanka expects EU fishing ban to be revoked by mid 2016
Dec 22, 2015 (LBO) – Sri Lanka is looking at a favorable response about the lifting of EU fishing ban from the European Parliament by mid next year, the Fisheries Minister said. “During the coming months the proposal to lift the fishing ban will be presented to the European Parliament,” Fisheries Minister Mahinda Amaraweera said. […]
Commercial Bank branches go green
The Commercial Bank of Ceylon has announced that its environment-related initiatives have made steady progress in 2015 with the installation of solar power systems at four branches, the award of tenders for five more branch conversions, and the acquisition of 20 more paperless deposit machines. Sri Lanka’s largest private bank said it is already generating […]
Commemorative coin to mark 150th anniversary of CMC
The Central Bank of Sri Lanka (CBSL) issued a special silver uncirculated commemorative coin with a face value of Rs.500 to mark the 150th Anniversary of Colombo Municipal Council in recognition of its service to the country.The commemorative coin was officially presented to Mr.Ranil Wickramasinghe, Hon. Prime Minister and Mr. Ravi Karunanayake, Hon. Minister of […]