Category: In Pictures
Royal Turf Club formed; aims to boost sports tourism
The exciting sport of horse racing with it’s glamour, prestige and showmanship has long held a place in the hearts and history of Sri Lanka. In the 1840’s Mr. John Baker introduced this illustrious sport with the inaugural race taking place at the Nuwara Eliya Race Course in 1875. Originally conducted by the Nuwara Eliya […]
Trincomalee port records Rs9mn increased income: Ports Ministry
The Port of Trincomalee has recoded Rs. 9 million of increased income during the last two months by re-establishing the weigh bridge system at port. The total income received by the port was reported as at Rs.71 million for the said period. The port introduced Weigh Bridge system first, in the year of 2006 but […]
Fitch downgrades Sri Lanka Telecom to B+
Fitch Ratings has downgraded Sri Lanka Telecom PLC’s (SLT) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to ‘B+ from ‘BB-‘. The Outlook on the IDRs is Negative. The agency has affirmed SLT’s National Long-Term Rating at ‘AAA(lka)’ with a Stable Outlook. The rating action follows Fitch’s downgrade of Sri Lanka’s Long-Term Foreign- and Local-Currency […]
Holcim Lanka and Maga initiates sustainable green building practices
Holcim (Lanka) Ltd, a member of the LafargeHolcim Group and a leading company in building materials, together with Maga Engineering (Pvt) Ltd, Sri Lanka’s leading construction & engineering company, officially signed a memorandum of understanding (MoU) on 1 March 2016, on working towards a path of sustainability for the Sri Lankan construction industry. The MoU […]
Fitch downgrades SriLankan Airlines government guaranteed bonds to B+
Fitch Ratings has downgraded the rating on SriLankan Airlines Limited’s (SLA) US dollar-denominated government-guaranteed bonds to ‘B+’ from ‘BB-‘. This follows the downgrade of Sri Lanka’s Long-Term Foreign and Local-Currency Issuer Default Ratings to ‘B+’ with a Negative Outlook (see ‘Fitch Downgrades Sri-Lanka to ‘B+’; Outlook Negative’, dated 29 February 2016). The national carrier’s bonds […]
ETCA panic unfounded: Sujeewa Senasinghe
The proposed Economic & Technical Agreement (ETCA) with India needs to be viewed beyond the vilifying exaggerations made against it for quick political mileage-and contrary to the general perception, ETCA is not the umbrella agreement that decimates almost all services and professions in Sri Lanka, said State Minister of International Trade Sujeewa Senasinghe on 29 […]
MR reveals UNP conspiracy to destroy SLFP
I take pride in the fact that I built the strongest SLFP government in our party’s history during my tenure in power. That government was so strong that it could be defeated only by conspiratorially creating divisions in the party and a section of the SLFP joining the UNP in its campaign of vilification and […]
SINGER receives ‘named account status’ with Microsoft
SINGER Sri Lanka, achieved the named account status with Microsoft at a special occasion earlier this week. The event was graced by István Papp – Vice President Microsoft Asia Pacific, Brian Kealey- Country Manager – Sri Lanka & Maldives and Pubudu Basnayake – OEM Director – South East Asia New Markets from Microsoft and Asoka […]
LOLC opens trading at the CSE
Lanka ORIX Leasing Company PLC (LOLC) rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) today. Mr. Vajira Kulatilaka, Chairman of CSE speaking at the event stated “We thank the LOLC Group for taking part in this market opening ceremony, which marks the first day of trading for the month of […]
Huawei Mate 8 and GR5 says ‘Ayubowan’
Huawei together with its national distributor SINGER Sri Lanka introduced two latest flagship smartphones- Huawei Mate 8 and Huawei GR5 to Sri Lanka at a grand spectacle held at the Cinnamon Grand. Over 400 guests were able to experience the ‘Breakthrough in Power and Efficiency’ offered by the new duo smartphones. The Mate 8 available […]
Ceylon Chamber appoints Dhara Wijayatilake as CEO
The Ceylon Chamber of Commerce, the country’s premier business Chamber, is pleased to announce the appointment of Ms. Dhara Wijayatilake, Attorney-at-Law, as its new CEO w.e.f. 1st March, 2016. Her appointment to the 176 year old Institution comes following the resignation of Mr. Mangala P. B. Yapa, who served as the CEO of the Ceylon […]
ANC Launches their Undergraduate Alumni Association at their ‘U.S. Night’
03rd February, COLOMBO, SRI LANKA- American National College launched their first U.S. Alumni Association at Water’s Edge recently at their ‘US Night’. Speakers at the event included Dr. Punarjeeva Karunanayake, CEO of ANC Education as well as Mr. P.K William, Director of William Investments Pvt. Ltd. and president of the American Alumni Association of Sri Lanka. The […]