Author: lbostgadmin
Amalgamated DFCC Bank starts operations today
Oct 01, 2015 (LBO) – Amalgamated DFCC Bank has officially kick-started its commercial operations from today on-wards after receiving the approval from the registrar general on Thursday.The Bank has received the Certificate of Amalgamation in terms of Section 244 (1) (a) of the Companies Act.Accordingly, the DFCC Vardhana Bank has been amalgamated with DFCC Bank […]
” rating to HNB Grameen Finance
Fitch Ratings has assigned HNB Grameen Finance Limited a National Long-Term Rating of ‘A(lka)’ with a Stable Outlook.KEY RATING DRIVERS HGL’s rating reflects Fitch’s expectation of support from its parent, Hatton National Bank PLC (HNB; AA-(lka)/Stable). This view is based on HNB’s majority shareholding (51%), its involvement in the strategic direction of HGL through board […]
Mangala meets US Ambassador Samantha Power
Foreign Minister Mangala Samaraweera met the US Ambassador to the UN Samantha Power and Deputy Representative to the UN Michele Sison in New York.
PTL Report: 3-Year bond rises 30 basis points
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Sri Lanka’s Bank of Ceylon debenture oversubscribed
Oct 01, 2015 (LBO) – Sri Lanka’s state owned Bank of Ceylon said a listed debt offer for eight billion rupees had been oversubscribed Thursday and is closing on the same day.The bank offered 50 million debentures at 100 rupees each with an option to issue 30 million further.The basis of allotment is to be […]
‘s govt plans to intervene in tea prices with purchases of Rs300mn
Oct 01, 2015 (LBO) – Sri Lanka’s plantation ministry said that it plans to300 million rupees from the auction to artificially raise the price of tea with savings from the money that government subsided for tea small holders.“We have passed this proposal to ministry of economic affairs and policy which is under the prime minister,” […]
‘s smartphone market
Oct 01, 2015 (LBO) – HTC, a mobile phone manufacturer entered the Sri Lankan market with a portfolio of smartphones, a statement said. “We are pleased to launch our smartphones in the Sri Lankan market,” Faisal Siddiqui, President, HTC South Asia said. “All the HTC devices are stunning, intuitive and advanced in technology. Our new HTC desire […]
IronOne Gets Microsoft ISV Partner of the Year Award
IronOne Technologies is honored to announce that it has been awarded the Microsoft Independent Service Vendor (ISV) Award in the Sri Lanka region for its BoardPAC platform. “This is a tremendous achievement and we are immensely honored by this recognition,“ said Rajitha Kuruppumulle, COO for IronOne Technologies. “BoardPAC’s win reflects the company’s expertise in providing […]
2015 most dangerous celebrities in the world
Oct 01, 2015 (LBO) – Intel Security has recently conducted a study using McAfee Web Advisor to determine the number of risky sites that would be generated in search results including a celebrity name and commonly searched terms. Intel Security refers to these stars as the Most Dangerous Celebrities, meaning that they are likely popular […]
Brandix supports national initiative in Occupational Safety
Sri Lanka’s efforts to promote occupational safety and health at workplaces across the island are to be supported by the country’s single largest apparel exporter Brandix as principal sponsor of the 2015 National Occupational Safety & Health (OSH) week. Organised by the National Institute for Occupational Safety and Health (NIOSH) of the Ministry of Labour, […]
New action plan to advance human rights in Sri Lanka: President at UNGA
Sep 30, 2015 (LBO) – The government intends to implement a new programme and plan of action in Sri Lanka to advance human rights, President Maithripala Sirisena said. Addressing the 70th UN General Assembly, Sirisena said the new vision for the country involves achieving the twin objectives of sustainable development and reconciliation. “In dealing with […]
Sri Lanka stocks down 0.5-pct: JKH losses
Sep 30, 2015 (LBO) – Sri Lankan stocks closed down 0.49 percent on Wednesday with losses in index heavy John Keells Holdings, brokers said. The Colombo benchmark All Share Price Index closed down 34.51 points at 7,050.87 lower 0.49 percent. S&P SL20 closed 32.46 points lower at 3,826.15 down 0.84 percent. Turnover was 1.3 billion […]