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VIDEO: Maggi, KitKat-maker Nestle in spot after internal paper is reported
The leading newspaper, Financial Times recently had cited an internal company presentation that designated more than 60% of Nestle’s core food and beverage products as unhealthy. The document, which was circulated among top executives this year, said that some Nestle products will never be healthy no matter how much they’re tweaked. Maggi & Kitkat maker […]
Important notice for SriLankan Airlines passengers travelling to UK
SriLankan Airlines informs their customers that effective 0400hrs (UK Time) on Tuesday 8th June 2021, Sri Lanka will move to the “red list” of countries entering the United Kingdom. Passengers who have already booked their travel on next three flights to London UL 503 on 05th, 06th, and 07th June will not be affected by […]
Sri Lanka calls on US House Foreign Affairs Committee not to proceed with resolution on SL
Sri Lanka, through its Ambassador in Washington Ravinatha Aryasinha, formally called on the US House Foreign Affairs Committee (FAC) not to proceed with H. RES. 413 on Sri Lanka moved by Congresswoman Deborah Ross (Democrat/North Carolina) on 18 May 2021. In a communication addressed to FAC Chair Representative Gregory Meeks (Democrat/New York) and Ranking Member […]
WindForce declares over 1 bn dividends with a strong performance
WindForce Limited, which listed on the CSE this year, displayed a strong performance for the year 2020/21. The company declared an interim dividend of LKR 1,013 million for 21/22, which corresponds to a dividend per share of 0.75 LKR, yielding a return of 4.7% to shareholders. Performance in 2021 will receive a boost from the […]
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Fitch Ratings has assigned Singer Finance (Lanka) PLC’s (SFL, A+(lka)/Stable) Sri Lanka rupee-denominated subordinated unsecured debentures a final national long-term rating of ‘A-(lka)’. The assignment of the final rating follows the receipt of documents conforming to information previously received. The final rating is in line with the expected rating assigned on 22 March 2021. The […]
No disruptions to daily lives: Extend assistance to maintain industries and development: President
President Gotabaya Rajapaksa says that the Governors and District Secretaries should personally intervene to maintain essential services and prevent any disruption to the lives of the people. The President said that despite the current situation, the country’s economy could not be allowed to collapse and that the contribution of all stakeholders was needed to overcome […]
”; outlook stable
Fitch Ratings has upgraded the National Insurer Financial Strength (IFS) Ratings of Sri Lanka-based life insurer, HNB Assurance PLC (HNBA), and its fully owned non-life subsidiary, HNB General Insurance Limited (HNBGI), to ‘A+(lka)’, from ‘A(lka)’. The Outlooks are Stable. KEY RATING DRIVERS The upgrade reflects the insurers’ improved capital position, as measured by strong regulatory […]
Litro Gas Lanka purchases 25 acres to set up Oxygen Plant
As the country experiences an increasing need for oxygen to treat COVID-19 affected patients, the health authorities have conveyed to the Presidential Task Force that a greater need is likely to occur for oxygen. The companies supplying oxygen to the market at present are able to meet the current daily requirements for 90 metric tonnes. […]
Trade in the Pandemic Era: A One-year Assessment
By Dr. Asanka Wijesinghe On the front page of The New York Times’ March 27 edition, a staggering chart illustrated COVID-19-induced unemployment level in the US. The front page will certainly join the club of the most creative front pages, but it was an alarming attestation of the economic impact of the coronavirus pandemic. Many […]
Uber partners with SL Red Cross Society: offers 50,000 free rides for supporting vaccinations
Uber today announced 50,000 free rides to the Sri Lanka Red Cross Society for transporting frontline healthcare workers, elderly and citizens from vulnerable communities to vaccination hubs for supporting the government’s drive to inoculate the nation. Uber’s free rides will also be deployed to transport frontline healthcare workers to multiple hospitals, including the National Hospital […]