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Need more progress on HR conventions relevant to GSP+: European delegation
Apr 05, 2018 (LBO) – A delegation of the European Parliament Committee on International Trade (INTA) who visited Sri Lanka highlighted that the country need to make further progress in implementing the international human rights conventions relevant to GSP+ and further improve labour conditions. The delegation, chaired by Jan Zahradil, and composed of six INTA members including […]
IFC invests USD15mn in Senkadagala Finance to help women entrepreneurs
IFC, a member of the World Bank Group, is investing $15 million in Senkadagala Finance PLC to help the company expand access to finance for women entrepreneurs across Sri Lanka. This loan is part of the Women Entrepreneurs Opportunity Facility (WEOF), launched by IFC through its Banking on Women (BOW) program, and Goldman Sachs 10,000 […]
‘s Dialog Axiata at AAA(lka); outlook stable
Fitch Ratings-Singapore/Colombo- 4 April 2018: Fitch Ratings has affirmed Sri Lanka-based telecom company Dialog Axiata PLC’s National Long-Term Rating at ‘AAA(lka)’. The Outlook is Stable. KEY RATING DRIVERS Market-Leading Position: Dialog’s standalone credit profile of ‘AAA(lka)’ is underpinned by its market leadership in the growing mobile and pay-TV industry segments. We believe the company is […]
Fitch Ratings doubles stake in Sri Lanka unit
Apr 05, 2018 (LBO) – Fitch Ratings has doubled its stake in itch Ratings Lanka Ltd. ,to approximately 89 percent through its acquisition of the equity interest of several shareholders. the Company said in a statement. “We are excited about Fitch’s commitment to Sri Lanka, one of Asia’s fastest-growing fixed-income markets,” said Maninda Wickramasinghe, Head of […]
Sri Lanka Prime Minister wins no confidence motion
Apr 04, 2018 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe on Wednesday secured a majority of votes showing the confidence Parliamentarians placed on him. Prime Minister Wickremesinghe received 122 votes in favor. Joint Opposition who initiated the no confidence motion only received 76 votes. 26 Parliamentarians were absent. Wijedasa Rajapaksa voted against the motion […]
We will vote for No Confidence Motion to oust PM: SLFP Media Spokesman
Apr 04, 2018 (LBO) – Contrary to the statement made by State Minister A.H.M. Fowzie, Media Spokesman of the SLFP, State Minister Dilan Perera told LBO that they will vote for the no confidence motion to oust Prime Minister Ranil Wickremesinghe. State Minister A.H.M. Fowzie earlier in the morning told LBO that the party has […]
No Confidence Motion: Fowzie says SLFP decides to abstain from voting
Apr 04, 2018 (LBO) – Sri Lanka Freedom Party has decided to abstain from voting at the no confidence motion against the Prime Minister, State Minister A.H.M. Fowzie told LankaBusinessOnline. Minister Fowzie said few SLFP parliamentarians who wanted to vote against the no confidence motion in favor of Prime Minister, will also have to abstain from voting. The […]
ODEL launches bold & colourful ‘Printastic’ Summer 2018 collection
(PRESS RELEASE) – If summer is the season to get out there and make a statement, ODEL’s exciting summer collection is designed to set its shoppers apart in their choice of clothing and accessories. Tribal prints, splotches of bold colour and ethnic designs distinguish ODEL’s ‘Summer 2018’ collection aptly named ‘Printastic.’ Inspired by anthropological prints […]
Sri Lanka CB cuts policy rate ceiling by 25bps
Apr 04, 2018 (LB0) – Sri Lanka’s central bank has decided to reduce the Standing Lending Facility Rate (SLFR), which is the upper bound of the policy interest rate corridor of the Central Bank, by 25 basis points, a statement said. The Monetary Board was of the view that the favourable developments in the economy […]
Blue Ocean Group of Companies has grown into versatile conglomerate
Blue Ocean Group of Companies Blue Ocean Group of Companies has grown into a versatile conglomerate over the years. The evolution of the group is significant because the Group has achieved growth and profit harmoniously and not by taking part in the aggressive competition in the field. Blue Ocean Group of Companies engage in Real […]