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Fitch affirms Singer Sri Lanka at A-(lka); outlook stable
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2017/05/Singer-Sri-Lanka-RAC-May-2017.pdf” title=”Singer Sri Lanka RAC May 2017″]
Exporters’ Association welcomes government efforts to regain GSP+
The EASL welcomes the efforts of the government to secure the vote from the EU parliament to regain GSP+. Once the concession is fully in place, Sri Lankan Exporters can look forward to being in a position to be more competitive, thus revive markets and capture new export opportunities. Exporters of Apparel, Fish & Seafood, […]
Opinion: A new “French revolution”? An informed “Worker” within Sri Lanka
By Chrishmal Warnasuriya May-Day As I Knew It: The mid to late 70’s was a time when I was first introduced to the vociferous “Left”, by none other than my old man who would walk the streets tagging me along with his comrades; thus the chants of the “working class” calling for liberation of the […]
John Keells to encourage innovators with Open Innovation Challenge
May 02, 2017 (LBO) – Sri Lanka’s blue chip John Keells Holdings plans to boost local creative and intellectual talent with the launch of its second John Keells X “Open Innovation Challenge 2017” The programme will allow teams of aspiring innovators to compete for a chance to win entry into a six-month accelerator programme at […]
UNP ready for elections: PM at May Day rally
May 02, 2017 (LBO) – Sri Lanka’s Prime Minister and United National Party Leader, Ranil Wickremesinghe, said that they were ready for any election and would form the next Government. “Looking at these huge crowds, I can say that the UNP is ready for any challenge, any election,” said the Premier addressing the party’s May Day rally at Campbell […]
Sri Lanka vehicle registrations rebound to 39,173 units in March: JB Securities
May 02, 2017 (LBO) – Total vehicle registrations in Sri Lanka recorded 39,173 units in March, significantly up from 30,036 the previous month, with a rebound in two-wheeler registrations, JB Securities said in a research note. On most categories, there was a rebound due to higher number of working days and pre-holiday season push from […]
PUCSL discusses environmental concerns with Norochcholai communities
Apr 28, 2017 (LBO) – Sri Lanka’s power regulator said that discussions are ongoing with communities that have raised concerns over the environmental impact of the Norochcholai coal power plant. The discussions come following Supreme Court direction to the Public Utilities Commission, the commission said issuing a statement. “All matters concerning the environmental damage caused […]
LiCC launches water-proof denim jeans in Sri Lanka
Firebrand jeans retailer Long Island Clothing Company (LiCC) today launched a trail blazing brand of water-proof jeans and thus takes the much favoured denim jeans to yet another level. The launch of the water-proof jeans titled LiCC Liberté invites you to be part of a grander scheme. Wearing wet clothes is always a drag, but […]
Sri Lanka’s HNB to strengthen balance sheet with rights issue
Apr 28, 2017 (LBO) – Sri Lanka’s Hatton National Bank is to issue up to 70,082,228 new ordinary shares by way of a rights issue, the company said in a stock exchange filing. Subject to exchange and shareholder approval, the bank is to issue 55,995,792 ordinary voting shares at 220 rupees each in the ratio […]
EU Parliament rejects motion to deny GSP+ for Sri Lanka
Apr 27, 2017 (LBO) – Sri Lanka won the vote in Brussels by 436 against and 119 in favor for the motion to deny GSP plus for Sri Lanka. A group of EU parliamentarians last week forwarded a motion to deny Sri Lanka access to GSP Plus, citing the slow pace of essential reforms in […]
Next IMF tranche by June, reserves comfortable by year end: Ravi
Apr 27, 2017 (LBO) – Sri Lanka’s Finance Minister said he was optimistic about talks on reaching a staff level agreement with the International Monetary Fund for the next phase, and that the next tranche would be released by June. “I think the tranche that was due April will come by June, there were some technical difficulties like […]