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Sri Lanka – Poland trade balance in favor of SL: forum chief
Oct 12, 2015 (LBO) – High export volumes have contributed to the balance of trade between the two countries in favor of Sri Lanka, chairman of Sri Lanka Poland business forum Samantha Ranatunga said.“This is rare for our country and more the reason why we value doing business with Poland,” he said.Exports from Sri Lanka […]
Sri Lanka vehicle registrations hit another high in Sept: JBS
Oct 11, 2015 (LBO) – Vehicle registrations hit another all-time record on most categories barring 2-wheelers in September. In some categories the growth over the previous month is alarming, JB Securities said in a research note. Total motor car registrations recorded 14,301 units in Sep up from 9,107 units in Aug and a mere 3,539 […]
Japan provides food aid worth Rs. 275Mn to Sri Lanka’s North
Oct 10, 2015 (LBO) – Sri Lanka will receive food grant assistance worth 275 million rupees from Japan through the World Food Program (WFP), a statement said.The aid will support ongoing emergency program in Sri Lanka including the School Meals Program.Under this programme , Japan will provide canned fish manufactured in the areas devastated by the Japan […]
”’ rating: Fitch
Oct 10, 2015 (LBO) – Sri Lanka’s Sampath Bank’s subordinated debentures has been assigned a National Long-Term Rating of ‘A(lka)(EXP)’, Fitch ratings said in a statement. The full report follows: Fitch Rates Sampath Bank’s Subordinated Debt ‘A(lka)(EXP)’ Fitch Ratings Fitch Ratings has assigned Sampath Bank PLC’s (A+(lka)/Stable) proposed Basel II-compliant subordinated debentures an expected National Long-Term Rating […]
Mid-year staff transfers, a routine matter: Central Bank
Oct 09, 2015 (LBO) – Sri Lanka’s Central Bank on Friday said their mid-year staff transfers are a routine matter and provides an employee to experience varied areas of central banking activities. Releasing a statement the bank stated that the practice has taken place annually for several years.“A work transfer is a way to help […]
Janashakthi to3.2bn
Oct 09 2015, (LBO) – Sri Lanka’s Janashakthi Insurance said on Friday it was purchasing a 100 percent stake of AIA General Insurance Lanka, a fully owned subsidiary of AIA Insurance Lanka for 3.2 billion rupees. The timeline of completion of the proposed acquisition, once required approvals are secured, is expected to be on or […]
PTL Watch: Yields dip, CBSL holding of govt securities rise
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CHE DAY 2015 in Jaffna
CHE DAY 2015 in Jaffna – 08.10.2015
ESET appoints Kumar Sangakkara as Brand Ambassador in Sri Lanka
ESET, a global leader in IT security, recognized as a pioneer of proactive protection against cyber threats and secure content management, recently appointed Sri Lanka’s favourite cricketer and former captain of the Sri Lankan national team, Kumar Sangakkara, as their Brand Ambassador in Sri Lanka. Considered a gentleman cricketer for his unique style of cricket, […]
Uni of Kelaniya organizes Inter University Best Speaker Contest
BEST SPEAKER 2015: TRANSCENDING BOUNDARIES OF COMMUNICATION For most people, public speaking is a daunting task. But for undergraduates, it is very important to be able to speak in front of people, deliver oral presentations, and be confident at interviews & business meetings. The University of Kelaniya Gavel Club, is a pioneer in training undergraduates […]
Sri Lanka needs a common framework for pensions: economists
Oct 09, 2015 (LBO) – All elderly in Sri Lanka should have access to at least one reliable, affordable and adequate pension, economists said. “An adequate pension is essential to ensure income security for elderly, without being dependent,” Nisha Arunatilake of Institute of Policy Studies of Sri Lanka said. She was speaking at the National […]
Sri Lanka to revive Sathosa with help from Singapore
Oct 09, 2015 (LBO) – Sri Lanka’s state owned retail chain Lanka Sathosa aims to get support to revive from Singapore as the retail chain is making continues losses, ministry of industry and commerce said in a release. Lanka Sathosa owned more than 310 outlets around the island. “We are restructuring LAKSATHOSA and are still […]