Category: Industry
Vietnam wants FTA with Sri Lanka
Dec 01, 2014 (LBO) – Sri Lanka had been asked to promote trade with Vietnam through Free Trade Agreements as there was a vast unrealised trade potential between the countries, an official of Vietnam Embassy said. There is huge unrealised trade potential between both countries that we need to explore, Ms. Phan Kieu Thu, Vietnam’s […]
Award
Dec 01, 2014 (LBO) – Sri Lanka National Development Bank (NDB) was recognised with the ˜Banker Financial Inclusion Award 2014’ of the Banker Magazine UK at a ceremony in London recently, the bank said in a media statement. The award is conferred to only one global victor each year, recognizing its efforts towards promoting financial […]
Sri Lanka beats England by eight wickets: Take 2-0 lead
Nov 29, 2014 (LBO) – Sri Lanka beat England by eight wickets in a one-day international canter to 2-0 lead in the series, a media report said.Rainy weather reduced the match to 45 overs per side. Sri Lanka scored 186 for two wickets beat England for 185 by eight wickets and with 64 balls remaining. […]
Innovative Banking
Nov 26, 2014 (LBO) – Sri Lanka’s banking sector needs new products and services to be competitive in the sector and to drive growth, Central Bank Governor Nivard Cabraal said. Cabraal said, looking at vision 2020, it is time for banks to re invent and re think about the role and the products to achieve […]
Debt Issue
Nov 26, 2014 (LBO) – Sri Lanka’s Fitch Ratings has assigned Siyapatha Finance proposed subordinated redeemable debentures of up to one billion rupees a final national long term rating of ‘A-(lka)’. The full statement is reproduced below: Fitch Rates Siyapatha Finance’s Subordinated Debt Final ‘A-(lka)’ Fitch Ratings-Colombo/Taipei-26 November 2014: Fitch Ratings Lanka has assigned Siyapatha […]
Ratings
Nov 26, 2014 (LBO) – Sri Lanka’s Fitch Ratings has assigned Sampath Bank proposed subordinated debentures of up to seven billion rupees a final national long term rating of ‘A+(lka)’. The full statement is reproduced below: Fitch Rates Sampath Bank’s Subordinated Debentures Final ‘A+(lka)’ Fitch Ratings-Colombo/Hong Kong-26 November 2014: Fitch Ratings Lanka has assigned Sampath […]
Sri Lanka signs a MOU with China
Nov 25, 2014 (LBO) – Sri Lanka export developmwnt board signs a memorandam of understanding (MOU) with China Council for the Promotion of International Trade of Guangdong (CCPIT-Guangdon) to pave the way for both countries to share information and promote businesses, a media release said. Today’s MOU aims to exchange market information and relevant publications, […]
SriLankan Airlines to start operations to Kunming, China
Nov 21, 2014 (LBO) -SriLankan Airlines, the national carrier of Sri Lanka and a member of the oneworld alliance, to starts operation to Kunmin, China to meet the increasing demands for air services between China and Sri Lanka, the airline said in a media statement.The airline will start flying to Kunming, which located at South […]
International designer brand Tommy Hilfiger to launch in Sri Lanka
Nov 18, 2014 (LBO) – International designer brand Tommy Hilfiger will open its first store in Sri Lanka next month marking the first international designer brand to launch in the country. The design house is renowned for its preppy style and has been worn by top international celebrities such as Jacqueline Fernandez, Sonam Kapoor, Jessica […]
Sri Lanka tourist arrivals up 13.6 -pct in October 2014
Nov 07, 2014 (LBO) – Sri Lanka’s tourist arrivals rose 13.6 percent to 121,576 in October 2014 from a year earlier, driven by India, UK and China data from the state tourism promotion office showed. Visitors from Western Europe were up 10.1 percent 32,061 in the month with UK up 2.7 percent and Germany up […]
Sri Lanka Browns Hotels & Resorts ties up with Starwood Hotels & Resorts
Nov 05, 2014 (LBO)-Sri Lanka’s Browns Hotel and Resorts private limited, a fully owned subsidiary of Browns Investments Plc recently signed a definitive agreements with Starwood Hotels & Resorts which will give Starwood the management rights to five-star Sheraton Kosgoda Turtle Beach Resort, owned by Browns Hotels and Resorts. The 172 room hotel is set […]
ICC to crown the greatest world cup moment of all time
Nov 04, 2014 (LBO) – The International Cricket Council is to identify the greatest ICC cricket world cup moments of all time through a voting to open on Thursday, the council said in a media release. Over the course of the 100 days leading up to ICC cricket world cup 2015, the ICC will release […]