Category: Industry
Financial Strength
Sept 19, 2011 (LBO) – Fitch Ratings Lanka has confirmed Citibank N.A. – Colombo Branch’s (CitiSL) national long-term rating at ‘AAA(lka)’ with a stable outlook. “CitiSL’s rating reflects Citibank N.A.’s (Citibank) financial strength,” it said in a statement. “Given that CitiSL is a branch and part of the same legal entity as Citibank, Fitch believes […]
Debt Rating
Sept 19, 2011 (LBO) – Fitch Ratings Lanka has assigned Senkadagala Finance’s (SFC) proposed senior unsecured redeemable debentures of up to 300 million rupees a ‘BBB+(lka)’ rating. The agency has also confirmed and withdrawn the ‘BBB+(lka)’ rating on SFC’s proposed listed debenture issuance of a billion rupees scheduled to take place in March 2011 due […]
‘s 316
September 17, 2011 (AFP) – Kumar Sangakkara hit an unbeaten 61 in his 100th Test as Sri Lanka responded bravely to Australia’s 316 in the third and final game of the series in Colombo on Saturday. Sri Lanka, seeking a series-levelling win, closed the second day at 166-2 in their first innings after a batting […]
Dilshan stars as Sri Lanka lead Aussies
September 18, 2011 (AFP) – Skipper Tillakaratne Dilshan inspired Sri Lanka’s tenacious batting display as the hosts took charge of the third cricket Test against Australia in Colombo on Sunday. Sri Lanka, seeking a series-levelling win, closed the third day’s play at the Sinhalese Sports Club on 428-6 in their first innings, a lead of […]
Train Crash
September 17, 2011 (AFP) – At least three people including a Korean national were killed and about 25 injured near the Sri Lankan capital when a passenger train crashed into the back of another train, police said. Railway workers were still searching for passengers who might be trapped in the wreckage after the accident, which […]
Film View
Sept 17, 2011 (LBO) – A shopping and entertainment complex that Sri Lanka’s Cargills plans to build in the former northern war zone of Jaffna will have three cinemas with seating for a total of 1,200 people. Cargills, which also has interests in food processing, is expanding aggressively, buying a brewer and having just got […]
‘s Fortress Resort wins luxury hotel award
Sept 17, 2011 (LBO) – Sri Lanka’s Fortress Resort and Spa, has won the award fore the best coastal luxury hotel at a global travel awards, signalling the island’s emerging position in the luxury end of the market, an official said. Fortress is in Galle in Sri Lanka’s southern coast, and follows Dutch architecture. Sri […]
Fun Investment
Sept 15, 2011 (LBO) – Sri Lanka’s Cargills (Ceylon) Plc, which owns the island’s largest retail chain and is part of a group with cinema businesses, plans to build a shopping and entertainment complex in the former northern war zone. “The company is set to invest 500 million rupees in the development of a new […]
Sangakkara seeks Sri Lanka win in 100th Test
September 14, 2011 (AFP) – A hugely proud Kumar Sangakkara hopes Sri Lanka will celebrate his 100th Test appearance with a series-levelling victory over Australia in the final match in Colombo from Friday. “It’s a great honour to have represented my country for a period of time, and also a great honour to play 100 […]
Doctor Net
Sept 14, 2011 (LBO) – e-Channelling, a listed Sri Lankan dotcom enabling patients to make appointments with doctors over the internet, is “aggressively” promoting the service outside Colombo after a sharp increase in bookings when it expanded its hospital network. The company said it is also looking to inject about a billion rupees into a […]
Language Skills
Sept 14, 2011 (LBO) – Sri Lanka is to get Indian aid to improve training in English language skills in the island, seen as a critical need especially in the corporate sector, under an agreement signed between the two governments. Inadequate English language skills has been cited as a reason for hiring difficulties by the […]
Sri Lanka solid waste power plant by Malaysian firm
Sept 13, 2011 (LBO) – Malaysia’s Octagon Consolidated said it close to finalizing a 40MegaWatt municipal waste burning power plant in the Western Province Sri Lanka where the island’s capital is located. The westerna province waste management authority had earlier said in its website that it was negotiating a 40MW waste burning plant with a […]