Category: General Services
EU-Sri Lanka investor dialogue discusses liberalization of shipping sector
Mar 18, 2019 (LBO) – The 8th EU-Sri Lanka investor dialogue was held at the Ministry of Development Strategies and International Trade and many outstanding matters were resolved through dialogue and the joint efforts of the two sides. “I am very pleased that we have made considerable progress in resolving outstanding issues and building up our […]
UK’s Flexicare launches USD 10Mn health care manufacturing facility in SL
Mar 13, 2019 (LBO) – Flexicare Lanka (Pvt) Ltd., a fully owned subsidiary of Flexicare Group, UK launched the construction of a state-of-the art modern manufacturing facility in Bandaragama with an investment of over US 10 million dollars, recently. The project is approved by the Board of Investment of Sri Lanka.Flexicare Group UK Managing Director, Hash […]
Japan grants USD1.4Mn to UNFPA to improve access to sexual & reproductive health
Mar 07, 2019 (LBO) – The Government of Japan and the United Nations Population Fund (UNFPA) in Sri Lanka signed an agreement, granting US 1.4 million dollars for improving access to information and services on sexual and reproductive health for women and girls in Sri Lanka. The three year programme includes access to services for […]
Free Wi-Fi serves 455,741 users with 79,280 GB of data so far: PM’s office
Mar 06, 2019 (LBO) – As per the statistics of the ICTA, 455,741 users have so far accessed free public Wi-Fi facilities in Sri Lanka, Policy Development Office of the Prime Minister’s Office revealed.Consequently, 79,280 GB of data usage have been recorded since the 28th of October 2016.ICTA is facilitating, coordinating and monitoring the programme. […]
Sexual harassment in public transport: Speak up, intervene and be the change
Mar 05, 2019 (LBO) – “I was travelling in a bus when the man seated next to me started to touch my thigh, while he was pretending to sleep. When I confronted him, I knew he would try to escape, especially since he had already made several such attempts. This is not the first time this […]
‘s Basel III sub debt final A(lka)
Feb 28, 2019 (LBO) – Fitch Ratings has assigned National Development Bank’s proposed Basel III-compliant subordinated debentures a final National Long-Term Rating of ‘A(lka)’. The notes, which total up to 6.5 billion rupees with maturities of five years, include a non-viability clause and qualify as regulatory Tier II capital for the bank. The bank plans to […]
Prima Ceylon eyes more investments as it completes 40 years in Sri Lanka
Feb 28, 2019 (LBO) – Prima Ceylon, the flagship company of the Prima Group Sri Lanka, celebrated four decades of successful partnerships and growing together with the nation, at an event recently in Trincomalee, where its state-of-the-art flour milling complex and one of the largest flour mills in the world under one roof, is located. Speaking […]
SriLankan cancels Thursday’s flights to Karachi and Lahore
Feb 27, 2019 (LBO) – SriLankan Airlines has canceled flights to the Pakistani cities of Karachi and Lahore scheduled for Thursday, following the temporary closure of Pakistani airspace by the Civil Aviation Authority of Pakistan.Passengers who were booked to fly to Karachi and Lahore are kindly advised to contact their travel agents and visit www.srilankan.com for […]
Ceylon Chamber of Commerce calls export SMEs to apply for on-the-job coaching
Feb 26, 2019 (LBO) – Ceylon Chamber of Commerce (CCC) requests export SMEs that has a high potential for growth to apply for an on-the-job coaching programme to improve their export competitiveness. Export SMEs facing various difficulties and challenges pertaining to the successful handling of their exports are eligible to receive this coaching assistance free […]
Japan’s Odakyu Group partners TAD Group for Rs.4.5Bn investment in Sri Lanka
Feb 21, 2019 (LBO) – Japan’s Odakyu Group, a firm with interests in transport, real estate and retail together with the TAD Group is expecting to investment of 4.5 billion rupees with a number of significant further investment mandates to bolster the Sri Lankan economy over the upcoming years. One of its most significant ventures […]
Fitch downgrades SLT & CEB, upgrades Lion Brewery on rating scale revision
Feb 18, 2019 (LBO) – Fitch Ratings has taken rating action on non-financial corporates following the recalibration of its National Rating scale to reflect changes in the relative creditworthiness among the country's issuers following the downgrade of the sovereign rating. Accordingly, the National Long-Term Ratings of Sri Lanka Telecom, Ceylon Electricity Board and DSI Samson Group has been downgraded […]
Fitch revises National Long Term Rating of NSB to AA+(lka) from AAA(lka)
Feb 18, 2019 (LBO) – Fitch Ratings has revised the National Long-Term Rating of National Savings Bank to ‘AA+(lka)’ from ‘AAA(lka)’ with a stable outlook following the recalibration of the Sri Lankan National Rating scale after the sovereign’s Long-Term Foreign-Currency Issuer Default Rating was downgraded. The rating agency, however, said that the rating action is not related […]