Category: Other News
Sri Lankan artist exhibition inspired by fashion to open CFW
Mar 10, 2017 (LBO) – Under the theme ‘Celebrate Colombo,’ Colombo Fashion Week (CFW) will include a new initiative called ‘Art Connect’ which will exemplify the connection between the creative streams of Fashion and Art, its organizers said. Art Connect will be the first of the series of events during the week of CFW and […]
Sri Lanka down 12 notches on corruption index
Jan 25, 2017 (LBO) – Sri Lanka has fallen 12 places to 95th in the Corruption Perception Index (CPI) 2016, when compared with 2015, a report released by Transparency International said. The global movement against corruption ranks countries according to the perceived level of public sector corruption. The ranking is based on a scoring system that […]
Sri Lanka, UNDP promote social inclusion through language labs
Jun 21, 2016 (LBO) – Sri Lanka’s multicultural society should be regarded as a strength and not a weakness to promote national co-existence, a minister said. “Multiculturalism and pluralism is not a weakness but a strength to our country,” Mano Ganesan minister of national co-existence, dialogue and official languages said at the opening of the […]
Sri Lanka’s first attempt to conquer Everest
Set to make history for the country, JayanthiKuru-Utumpala and Johann Peries will be the first Sri Lankans to attempt the 8,488m climb to the summit of Mount Everest, inApril 2016. The duo will take Sri Lanka to the top of the world alongside a team led by the International Mountain Guides (IMG), a globally renowned […]
” rating to HNB Grameen Finance
Fitch Ratings has assigned HNB Grameen Finance Limited a National Long-Term Rating of ‘A(lka)’ with a Stable Outlook.KEY RATING DRIVERS HGL’s rating reflects Fitch’s expectation of support from its parent, Hatton National Bank PLC (HNB; AA-(lka)/Stable). This view is based on HNB’s majority shareholding (51%), its involvement in the strategic direction of HGL through board […]
ICRA Lanka assigns [SL] BBB rating with stable outlook to Citizens Development Business Finance
ICRA Lanka, a rating agency has assigned a [SL] BBB with a stable outlook for Citizens Development Business Finance PLC. The full statement as followed : – ICRA Lanka Limited, a wholly owned subsidiary of ICRA Ltd, a group company of Moody’s Investors Service has assigned a [SL]BBB (pronounced SL triple B) with a stable […]
Sri Lanka’s Fitch affirms Abans at BBB+, revises outlook to Stable
Fitch Ratings has affirmed Sri Lanka-based retailer Abans National Long-Term Rating at ‘BBB+(lka)’ and revised its Outlook to Stable from Negative. Fitch has also affirmed the National Long-Term Rating on Abans’ unsecured redeemable debentures at ‘BBB+(lka)’ and its outstanding commercial paper at National Short-Term Rating of ‘F2(lka)’. The Outlook revision reflects improvements in Abans’ net […]