Category: In Pictures
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Fitch Ratings has affirmed the rating on SriLankan Airlines Limited’s (SLA) US dollar-denominated government guaranteed bonds at ‘BB-. KEY RATING DRIVERS The national carrier’s bonds are rated at the same level as SLA’s parent, the state of Sri Lanka, due to the unconditional and irrevocable guarantee of principal and interest of the notes provided by […]
Amari Galle Sri Lanka – on track to open in late 2016
Construction of Amari Galle Sri Lanka is progressing on schedule, with the resort on track to open in late 2016. This upcoming opening marks the introduction of the Amari brand by ONYX Hospitality Group to Sri Lanka, and follows on the success of two earlier openings in the country – OZO Colombo and OZO Kandy. […]
SriLankan launches thrice-weekly non-stop flights from Guangzhou to Colombo
SriLankan Airlines introduces thrice weekly non-stop flights from Guangzhou to Colombo from January 2016, on three of its four frequencies, becoming the first airline operating direct flights between Guangzhou and Colombo in the South China market. The flying hours of these non-stop frequencies are estimated to be 05 hours and 40 minutes whereas the previous […]
Fonterra, Dairy co-operative unveils wider strategy to support local dairy industry
Fonterra Brands Sri Lanka today announced the construction of its first demonstration and training farm in Sri Lanka,as part of the company’s long-term investment in the growth of the local dairy industry. The dairy co-operative, which has been operating in Sri Lanka for over 38 years, has invested overRs. 380 million in local dairy development […]
Janashakthi – National Civilian Bravery Awards
Janashakthi Insurance PLC, a leading Insurance provider in Sri Lanka, announced its partnership with the Foundation of Civilian Bravery Sri Lanka for the ‘Janashakthi – National Civilian Bravery Awards’ to recognize civilians who voluntarily risk their lives while saving, or attempting to save others from peril. The Foundation of Civilian Bravery Sri Lanka believes that […]
Central Bank appoints new Deputy Governor
The Monetary Board, with the concurrence of the Hon. Minister of Finance, has promoted Assistant Governor, Mr. S Lankathilake to the post of Deputy Governor of the Central Bank of Sri Lanka (CBSL) with effect from 24th January 2016. Mr. S Lankathilake has more than 30 years of experience in the CBSL in the areas […]
Fonterra Brands Sri Lanka announces new Managing Director
Dairy co-operative Fonterra today announced the appointment of Sunil Sethi as Managing Director of Fonterra Brands Sri Lanka and Indian Subcontinent. This follows Leon Clement’s recent appointment as Managing Director Fonterra Brands New Zealand. Mr Sethi, who will start the role in February, joins Fonterra from Kellogg’s where he was Vice President of Sales, Asia […]
CEAT radials chosen as original equipment for Micro Cars
CEAT’s radial tyre manufacturing operation in Sri Lanka has entered a new phase, being designated an Original Equipment Manufacturer (OEM) by Micro Cars Limited, the country’s prolific automobile assembly company. The highest-selling radial tyre brand in Sri Lanka, CEAT tyres are now being fitted on to Micro Panda and Micro Panda Cross cars rolling off […]
Healthy leadership for healthy nation
Media release: The inauguration ceremony of the Sports and Physical Health promotion programmes organized by the Ministry of Sports held under the patronage of President Maithripala Sirisena at the Presidential Secretariat premises, yesterday (25). Accordingly, it is expected to create an energetic, enthusiastic and healthy nation encompassing the adolescent, young, adult and senior social levels […]
Ceylon Chamber to compile SME registry
The Ceylon Chamber of Commerce, the country’s premier business Chamber has started to collect data from Small and Medium Businesses spread across the country in order to compile a new SME Registry. The main objective of the new Registry is to help SMEs find potential business partners to further enhance their business activities. The ‘SME […]
Commercial Bank joins Bank Muscat Oman for instant money transfers
Instant, real-time fund transfers between Oman and Sri Lanka have become possible as a result of a tie-up between the Commercial Bank of Ceylon and Bank Muscat, the leading financial services provider in the Sultanate. Commercial Bank is the first Sri Lankan bank to link with Bank Muscat for this purpose. Account holders of Bank […]