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Commercial Bank receives FinanceAsia Best Bank Country Award 2015
The Commercial Bank of Ceylon recently received the 2015 FinanceAsia award for the ‘Best Bank in Sri Lanka’ at a glitzy awards ceremony at the Ritz – Carlton in Hong Kong. This fifth ‘FinanceAsia Country Award for Achievement’ presented to Commercial Bank by the magazine was accepted on behalf of the Bank by its Chief […]
Sri Lanka to boost trade with Vietnam, Myanmar, Thailand through business forum
Sep 08, 2015 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce (CCC) will host a business forum with the aim of boosting trade and investments Vietnam, Myanmar and Thailand, the CCC said in a statement. The forum will be held on September 11 with the presence of envoys from the three countries, honorary consuls and […]
Wijedasa Rajapakshe assuming duties at Ministry of Justice
Minister of Justice President’s Council Dr.Wijedasa Rajapakshe assuming duties at the Aluthkade Justice ministry office today (08). Mrs. Kamalani de Silva Secretary of justice ministry and senior officials of the ministry were present at this occasion.
ICRA Lanka assigns BBB rating for EAP Broadcasting
Sep 08, 2015 (LBO) – ICRA Lanka Limited has assigned an Issuer rating of BBB for EAP Broadcasting Company with a stable outlook on the rating. The full text of the rating is reproduced below. ICRA Lanka assigns [SL]BBB rating with Stable outlook to EAP Broadcasting Company Limited ICRA Lanka Limited, a wholly owned subsidiary of […]
‘s JICA, big infrastructure lender with a small case of understatement
Sept 08, 2010 (LBO) – Out of the multilateral and bilateral lenders to the island of Sri Lanka, JICA may be the most important, and the least well known. “Lot of people don’t really seem to know what JICA is. They know the ADB and the World Bank. Maybe its because we don’t have word […]
‘s ruble collapse tied to energy prices, volatility to continue
Sept 08, 2015 (LBO) – Russia’s ruble has lost 45 percent of its value this year tied to collapse in oil prices, and volatility is likely to continue, analysts say. With Brent crude oil prices plunging more than 50 percent, the world’s biggest energy exporter has struggled to maintain its currency. 12 months ago, the […]
Magisterial inquiry into Avant Garde floating armory ends
Sept 07, 2015 (LBO) – A Sri Lanka magisterial inquiry into a floating armory of Avant Garde Maritime Services (Pvt) Ltd has ended after the Criminal Investigation Department said it would not proceed with the case under advice of the Attorney General.Last week, the Galle magistrate lifted the travel ban on the former Secretary of […]
Exercising of JKH 2015 warrants to commence from 29 Sept
Sep 07, 2015 (LBO) – Sri Lanka’s conglomerate John Keells Holdings on Monday said the exercising of 2015 warrants of the company will commence from 29 September till the expiration date of 12 November 2015.The purchase price of a warrant is 161.87 rupees per ordinary share, and each warrant shall entitle the warrant holder to […]
Sri Lanka’s first smart city to be Kandy
Sep 07, 2015 (LBO) – Sri Lanka’s central city Kandy will be developed as the first ‘Smart City’ in the island, Rauf Hakeem, new Minister of Town Planning and Water Resources said in a media report. “India under a plan of the Indian Prime Minister Narendra Modi has already begun forming smart cities and the […]
No decision to dissolve the Bribery Commission: President’s Media
Sep 07, 2015 (LBO) – Commission to investigate allegations of bribery or corruption will not be dissolved until the establishment of the Constitutional Council, the President’s media said. The President’s Media said in a statement that the establishment of the Commission, appointments and removals of its members should be done in accordance with the 19th […]
ODEL launches ‘Into the Woods’ fall collection with glitzy fashion show
Fall inspires new fashion trends around the world, and Sri Lanka is no exception with ODELgiving local fashionistas an opportunity to experience the ‘forest couture’ that is dominating runways in the fashion capitalsof the world, with the launch of two new collections featuring dark and gloomy designs rich with earthy tones that take style lovers […]
Sri Lanka stocks close down 0.9-pct
Sep 07, 2015 (LBO) – Sri Lankan stocks closed down 0.91 percent on Monday for the second consecutive session amid notable depreciation in rupee with losses across the board, brokers said. The Colombo benchmark All Share Price Index closed down 65.41 points at 7,149.70, lower 0.91 percent. S&P SL20 closed 26.83 points lower at 3,931.00 […]