Author: lbostgadmin
New Chairperson of People’s Bank, Sujatha Cooray assumes duties
The newly appointed Chairperson of People’s Bank, Sujatha Cooray, a senior public servant, assumed duties at the Head office of People’s Bank on November 21, 2018. She is a Class 1 officer of the Sri Lanka Planning Service. She holds a B.A degree and a B.Phil degree from the University of Colombo. She also holds […]
Aitken Spence wins Best Corporate Citizen Sustainability Award 2018
Aitken Spence PLC won the coveted ‘Best Corporate Citizen Sustainability Award 2018’ an annual event organized by the Ceylon Chamber of Commerce, to recognize sustainable champions of the local corporate sphere. Hatton National Bank PLC and Nestlé Lanka PLC became the first and second runner-up of the competition, respectively. The awards ceremony was held last […]
7 member Supreme court bench to hear petitions against Parliament dissolution
Nov 27, 2018 (LBO) – Sri Lanka’s Chief Justice Nalin Perera has appointed an additional four members to the Supreme Court bench to hear petitions filed against the dissolution of Parliament starting next week. The revamped bench will comprise the Chief Justice, Buwaneka Aluwihare, Sisira J de Abrew, Priyantha Jayawardena, Prasanna S. Jayawardena, Vijith Kumara […]
‘s Hela Clothing secures private capital infusion of Rs.1.2Bn
Nov 27, 2018 (LBO) – Hela Clothing Group, an apparel manufacturer has secured a capital infusion of 1.2 billion rupees through a mix of shareholder and new private equity investment funds.The funds are from a private consortium whose lead investor has a wide portfolio including private equity investments in the fashion and retail space, the Company […]
Euro 52.1 M assistance from Netherlands for construction of rural bridges
The Rabobank of Netherlands has agreed to provide Euro 52.1 Million financial assistance to construct approximately 250 steel bridges island wide especially in the rural areas. Mr. S R Attygalle, Secretary to the Ministry of Finance and Economic Affairs signed this Credit Facility Agreement today on 26th November at the Ministry of Finance.The Government has […]
“Swimming upstream in politics for the betterment of Sri Lanka” : President
Nov 26, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena says that he is swimming upstream in politics for the betterment of the future of the Motherland. “I am not alone in the struggle, all the common people who love the country have joined hands me,” he siad. He made these remarks addressing the Silver […]
Mahinda reiterates need of general election and calls for public support
Nov 26, 2018 (LBO) – Mahinda Rajapaksa says there is no need to hold a presidential election at this stage but only a general election. In a special statement he proposed to all political parties to agree among themselves to hold a general election to enable the people to exercise their sovereign right to elect a government of their […]
CMC illuminates in orange for activism against gender-based violence
Nov 26, 2018 (LBO) – Sri Lanka’s Colombo Municipal Council, the Town Hall building shines bright in orange for 16 days, urging the need to foster a safer environment for women and girls. Every year, iconic buildings around the world are illuminated in orange during the 16 Days of Activism Against Gender-based Violence, a global […]
Sri Lanka rupee hits new low of Rs.180: Stocks down 0.34-pct
Nov 23, 2018 (LBO) – The Sri Lanka rupee dropped to a low of 180.66 against the US dollar following a political crisis, which began a month earlier in the island. The rupee was quoted at around 178.70/179.30 rupees on Friday, down from Wednesday’s closing of 178.40/70. The political crisis which began when president Maithripala Sirisena […]
Sri Lanka to host conference of Asia-Pacific Depositories & Clearing organizations
Nov 23, 2018 (LBO) – Central Depository Systems, a fully owned subsidiary of the Colombo Stock Exchange, will host the 22nd Annual General Meeting of the Asia-Pacific Central Securities Depository Group (ACG) in Sri Lanka. This premier gathering of Central Securities Depositories in Asia-Pacific has been held annually for 21 consecutive years since 1997. The […]
Sri Lanka Speaker appoints Committee of Selection despite opposition
Nov 23, 2018 (LBO) – Sri Lanka’s Speaker Karu Jayasuriya on Friday appointed the Committee of Selection under the standing orders of 136 and 143, despite opposition from the UPFA members.Speaker announced names giving 5 members each to UPFA and UNF and one each to TNA and JVP for the Committee. Speaker also called a vote […]
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Fitch Ratings has affirmed Sri Lanka Telecom PLC’s (SLT) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at ‘B+’ and its National Long-Term Rating at ‘AAA(lka)’. The Outlook is Stable. [pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2018/11/Sri-Lanka-Telecom-RAC-Nov-2018.pdf” title=”Sri Lanka Telecom RAC Nov 2018″]