Category: In Pictures
Fitch affirms Ceylon Dollar Bond Fund at BB-/ V5
Fitch Ratings has affirmed Ceylon Dollar Bond Fund’s Fund Credit Quality Rating of ‘BB-‘ and affirmed the Fund Volatility Rating at ‘V5’. The fund is managed by Ceylon Asset Management (CAM). KEY RATING DRIVERS The affirmation of the ‘BB-‘ Fund Credit Quality Rating is driven by the weighted average rating factor (WARF) and rating distribution […]
Sri Lanka’s largest solar power plant by LAUGFS takes off ground
LAUGFS Power yesterday held the ground breaking ceremony and foundation stone laying for the largest solar power plant in the country, to be set up with an investment of around Rs.5 billion. The 20MW facility at Hambantota will be constructed by international experts deploying European technology. Sri Lanka currently depends on fossil fuel based electricity […]
Lamudi Sri Lanka explores real estate market change in Colombo
When it comes to searching for real estate, Colombo is the most popular area in Sri Lanka for property-seekers. According to Lamudi Sri Lanka, more than 70 percent of website searches are for property in the country’s commercial capital. Property demand in Colombo has risen in recent years, with prices increasing simultaneously. Its property market […]
Awarding of compensation to families of deceased migrant workers
Thirty four families of deceased migrant workers in the Middle East were given compensation and salary dues by the Acting Minister of Foreign Affairs Dr. Harsha de Silva on 17th February 2016 at the Foreign Ministry. A total of Sri Lankan Rupees 57 million was awarded to the family members. This was the first awarding […]
Alpha Fire Services launches new water mist technology to combat kitchen fires
Colombo. Tuesday 16 February 2016. Alpha Fire Services (Pvt) Ltd Sri Lanka will showcase the Proano Kitchen Water Mist Fire Suppression Systems, which are rapid and effective on kitchen (F/K class) of fires, at the forthcoming ‘Architect Exhibition’ to be held at BMICH from 18th to 21st February. Water Mist is nebulised fresh water distributed […]
Prof. B. Mahadevan speaks about Inspirational Leadership
World-renowned speaker Prof. B. Mahadevan is in Sri Lanka on the invitation of the Business School of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), to conduct several programmes for the corporate leadership in the country. Prof. Mahadevan was the guest speaker at the CA Sri Lanka CEOs’ Breakfast Forum on “Inspirational […]
Fitch assigns Alliance Finance BB+ rating; outlook stable
Fitch Ratings Lanka has assigned Alliance Finance Company PLC (AFC) a National Long-Term Rating of ‘BB+(lka)’ with a Stable Outlook. The agency has also assigned the company’s outstanding senior unsecured debentures a National Long-Term Rating of ‘BB+(lka)’ and its outstanding subordinated debentures a National Long-Term Rating of ‘BB(lka)’. KEY RATING DRIVERS NATIONAL RATINGS AND SENIOR […]
MTD Walkers prepares for positive growth in construction industry
Integrated infrastructure and engineering solutions provider MTD Walkers PLC announced its results for the third quarter of 2015/16 today posting revenue of LKR 2.7 billion. The Group has managed to increase its gross profit margin to 25% from 16% in the third quarter last year in what continues to be a tough year for the […]
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Fitch Ratings-Colombo-16 February 2016: Fitch Ratings has today assigned Hatton National Bank PLC’s (HNB, AA-(lka)/Stable) proposed subordinated debentures of up to LKR7bn a final National Long-Term Rating of ‘A+(lka)’. The assignment of the final rating follows the receipt of documents conforming to information already received, and the final rating is the same as the expected […]
Guru.lk launches course on how to make money on the Internet
Can individuals make money safely and legitimately on the Internet? The answer according to Guru.lk is yes, and Sri Lanka’s leading edutainment website has launched an online course to teach how. Available at just Rs 10/- per day, ‘How to do Online Jobs’ shows how any skilled person with imagination can market himself or herself […]
SriLankan to discontinue Rome operations; completes A330 fleet induction
This year promises to be an interesting one for world aviation. Fuel prices are near historic lows and global demand remains strong. SriLankan Airlines, similar to international carriers world over, has had to respond to this highly competitive market environment by re-evaluating its current operations and re-deploying capacity to more sustainable routes and destinations. Accordingly, […]
Commercial Bank customers to receive discounts for Health Packages
The Commercial Bank of Ceylon has enhanced the value of its savings products for women and senior citizens through a partnership with the Asiri Group of Hospitals to offer customers in these categories an exclusive discount on selected diagnostic services. A Memorandum of Understanding signed by the two entities paves the way for holders of […]