Category: In Pictures
Seylan Colombo Motor Show 2016 to open in October
(Press Release) Seylan Bank PLC a leader in providing innovative banking solutions, championing the leasing category, has partnered as the title sponsor and exclusive banking partner for the upcoming Seylan Colombo Motor Show 2016, which is the largest and luxurious automobile exhibition held in Sri Lanka. The Seylan Colombo Motor Show is organized by Asia […]
US, Sri Lanka SEC holds regional training to prosecute securities fraud
A Regional Training Conference on “Effective Oversight of Capital Markets: Investigation and Prosecution of Securities Fraud and Abuse” was organized by the Securities and Exchange Commission of Sri Lanka (SEC) in association with the United States Securities and Exchange Commission (US SEC) from the 19th – 22nd of September 2016. The conference was designed for […]
Sri Lanka signs D.C. sustainability pledge
Demonstrating the Embassy’s support for the District of Columbia’s environmental and sustainability goals, Ambassador Prasad Kariyawasam joined over 62 Ambassadors and Embassy representatives on October 5 at the Embassy of Italy to sign the DC Sustainability Pledge. The signing ceremony was organized by the DC Greening Embassies Forum in collaboration with the District of Columbia […]
CA Sri Lanka, Colombo Uni. mulls launching joint Master’s Degree
In a joint effort to enhance and promote the accounting profession further in the country, the University of Colombo and the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), signed a Memorandum of Understanding (MoU) this week. The MoU allows both the accounting academia and it’s practitioners to collaborate and carry out a […]
Universal Robots Denmark launches first collaborative robot in Sri Lanka
The pristine island of Sri Lanka with its serene Buddhist culture will make-way for a technology pit-stop for one of the world leaders in the concept of ‘collaborative Robotics’. Universal Robots, a Danish robot manufacturer which invented and pioneered collaborative robots or ‘co-bots’ as they are popularly called, presented this technology to the Sri Lankan […]
New board appointments at Softlogic
(PRESS RELEASE) – Softlogic Holdings PLC recently announced the appointment of Prof. Ajantha Dharmasiri and Mr. Aaron Russell-Davison as Non-Executive Independent Directors with effect from 1st July and 5th October 2016 respectively. Prof. Dharmasiri is Chairman and Director of the Board of Management of the Postgraduate Institute of Management (PIM), University of Sri Jayewardenepura. He […]
UN rights expert to visit Sri Lanka to assess situation of minorities
The United Nations Special Rapporteur on minority issues, Rita Izsák-Ndiaye, will carry out an official visit to Sri Lanka from 10 to 20 October 2016 to assess the current situation of national or ethnic, religious and linguistic minorities in the country. “Experience has shown that the recognition and promotion of minority rights are critical, if […]
The RIU investor roadshow London 2016 kick-off
(PRESS RELEASE) – The RIU Investor roadshow in London 2016 kicked off on Saturday at the Sri Lankan Medical and Dental Association Dinner dance which was held at the Radisson Edwardian hotel in West London. The occasion was graced by over 300 doctors, dentists and professionals from the medical association residing in the UK. As […]
“Vista Rooms” now in Maldives, after launch in Sri Lanka
Oct 04, 2016 (LBO) – Vista Rooms, one of South Asia’s brand of budget stays, has launched in the Maldives, targeting the affordable accommodation segment. “These are exciting times for us. Following our initial success in India and Sri Lanka, Maldives seemed the natural next step owing to its location and its growing draw of […]
US EXIM Bank Chairman visits water reservoir project in Badulla
Chairman Fred Hochberg of the Export-Import Bank (EXIM) of the United States visited the Badulla site of the EXIM-funded water reservoir project yesterday. The approximately Rs. 9.4 billion ($64.9 million) project was funded in 2012 through a 12-year direct loan for this Integrated Water Supply System. The water-supply project will integrate new and rehabilitated treatment […]
Fitch places Melsta Regal Finance on rating watch negative
Fitch Ratings has placed Melsta Regal Finance Ltd’s (MRF) National Long Term Rating of ‘A+(lka)’ on Rating Watch Negative (RWN). KEY RATING DRIVERS NATIONAL RATINGS The rating action follows Fitch’s placement of the ‘AAA(lka)’ rating on previous ultimate parent Distilleries Company of Sri Lanka PLC (DIST) on RWN. DIST, a leading domestic alcoholic beverage manufacturer, is undergoing a restructuring that […]
Fitch rates Commercial Bank subordinated debentures final AA-(lka)
Fitch Ratings Lanka has assigned Commercial Bank of Ceylon PLC’s (CB; AA(lka)/Stable) proposed Basel II-compliant subordinated debentures of up to LKR7bn a final National Long-Term Rating of ‘AA-(lka)’. The final rating is the same as the expected rating assigned on 3 August 2016, and follows the receipt of documents conforming to information already received. The […]