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” with stable outlook
Fitch Ratings has affirmed Sri Lanka-based retailer Abans PLC’s (Abans) National Long-Term Rating at ‘BBB+(lka)’ with a Stable Outlook. A full list of rating action is at the end of this commentary. The affirmation reflects Fitch’s view that Abans will continue to make meaningful progress towards improving its net leverage, defined as lease-adjusted debt net […]
COPE summons CEB, PUCSL and Power Ministry over private power purchases
Aug 06, 2018 (LBO) – The Committee on Public Enterprises (COPE), has summoned Ceylon Electricity Board (CEB), Ministry of Power and Renewable Energy and Public Utilities Commission of Sri Lanka (PUCSL) to investigate the purchasing of electricity from private power plants and requested to table the reports with relevant information by tomorrow (07th). The Auditor General’s department […]
‘s T20 Cricket Tournament
Aug 06, 2018 (LBO) – Sri Lanka’s first ever T20 cricket tournament intended only for the daddies has been launched under the guidance of 1996 World Cup cricket team.Former captain Arjuna Ranatunga will be the advisor of this ‘My Dad My Superstar; Dad’s Cricket Tournament’ which will be comprised of 18 cricket teams including those who […]
Gotabaya Rajapaksa appoints official Media Spokesperson
August 6, 2018 (LBO) – In a tweet less than an hour ago, speculated presidential candidate Gotabaya Rajapaksa announced the appointment of his official media spokesperson. The appointment of a youth official to such a crucial position has come as a surprise to some political insiders. The tweet follows below:
‘s female unemployment on the rise
Aug 06, 2018 (LBO) – Sri Lanka’s unemployment in the first quarter of 2018, rose to 4.5 percent, up from 4.1 percent a year earlier, with female unemployment up to 7.4 percent in the quarter from 6.5 percent in 2017, official data shows. The estimated economically active population is about 8.3 million in the first quarter 2018. Of […]
Opinion: Sri Lanka is statistically ripe for a youth centric Presidential candidate
August 6, 2018 (LBO) – Who will the next President of Sri Lanka be? As the speculation mounts as to who the candidates for the presidency will be, it seems prudent to look at who most resembles the electorate. The electorate can be sliced and diced in may different ways. Analysis can be done based […]
Asia Securities Chairman Dumith Fernando appointed to Union Assurance (UAL) Board
August 3, 2018 (LBO) – Asia Securities Chairman has been appointed as an Independent Non-Executive Director of CSE listed insurance company Union Assurance (UAL). Profile of Mr. Fernando from Asia Securities website: “Based in Colombo, Mr. Fernando is one of most experienced senior global investment bankers in Sri Lanka, with over two decades in the […]
Ramani Ponnambalam appointed Chairperson of Alliance Finance (ALLI)
August 3, 2018 (LBO) – The Board of Directors of CSE listed Alliance Finance has appointed Non Executive Director Ramani Ponnambalam as Chairperson with effect from July 31st. From Alliance Finance website: Mrs. Ponnambalam “has held several senior management positions in large private sector entities. She served as a Director of McLarens Holdings Ltd. and currently […]
CSE finishes the week lower, turnover continues to be extremely poor
August 3, 2018 (LBO) – Major indices at the Colombo Stock Exchange finished the week lower on extremely low levels of total market turnover. For the week, the ASPI was down .16% while the S&P SL 20 was down 1.1%. Turnover continued at low levels witnessed last week, with average daily total market turnover of […]
Thurunu Diriya grants Rs21mn worth loans for 47 young entrepreneurs to date
“Thurunu diriya” loan scheme, implemented by the Bank of Ceylon (BOC) with the assistance of the Policy Development Office (PDO) of the Prime Minister’s Office, has granted loans worth around 21 million for 47 potential young entrepreneurs up to date. This was revealed by the progress report of this loan scheme issued by the Bank […]