Category: In Pictures
Fitch affirms Bimputh Finance at BB(lka); outlook stable
Fitch Ratings has affirmed Bimputh Finance PLC’s (Bimputh) National Long Term Rating at ‘BB(lka)’. The Outlook is Stable. KEY RATING DRIVERS Bimputh’s rating reflects its relatively small but evolving franchise and high risk appetite stemming from its predominant micro financing exposure. The rating also reflects pressure on the company’s capitalisation stemming from its above average loan growth and limited funding diversity […]
Commercial Bank launches new series of ‘Cash Deposit & Withdrawal’ machines
(PRESS RELEASE) – The Commercial Bank of Ceylon has launched a new generation of machines that offersseveral new advancements on the standard ATMs and deposit machines, including cash deposits that are credited instantly. Sri Lanka’s largest private bank said it will beinstalling ‘Cash Deposit & Withdrawal’ machinesin stages within its 251 strong branch network. Card-less […]
Clearpoint Residencies structural work complete, ready for occupation 2017
Maga Engineering, announced that it has completed the building structure of its flagship residential project, the 48-storey Clearpoint Residencies, set to be the world’s tallest vertical garden upon completion. Clearpoint now stands at 185m and is presently the second tallest building structure in Sri Lanka, second only to Grand Hyatt Colombo which is also beingbuilt […]
EFL appoints S Senthilnathan as CEO, Peter Larsen joins as COO
(PRESS RELEASE) – EFL announced the appointment of key personnel to the company’s headquarters in Colombo with S. Senthilnathan being promoted to CEO while former DSV Regional Director Peter M Larsen assumed the role of COO. Mr. Senthilnathan, who joined Expo Group in 1996, is the co-founder and chief architect behind the establishment of EFL’s […]
Mastercard accelerates search for startups in Asia Pacific
(PRESS RELEASE) – Applications currently being accepted for Start Path Global 2016 year-endclass To tweet this news, copy and paste: NEWS: @MAStartPath in search of innovative #startups; #StartPathGlobal now accepting applications till 11 Oct ’16 http://news.mstr.cd/2cypD6u Whether it is to scale their business or drive profitability, startups are increasingly looking to collaborate with corporates toboth […]
UNDP innovates to meet growing aspirations in Asia and the Pacific
(PRESS RELEASE) – The UN Development Programme (UNDP) has leveraged low-cost innovations, knowledge exchanges between countries in the region, and emerging technologies, to provide new opportunities to some of the most marginalized communities in the Asia-Pacific region, says its 2015-16 Results Report. In breaking from traditional development models, and in trying to ensure that ‘no […]
CA Sri Lanka confers ACA designation to 318 new Chartered Accountants
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently conferred the distinguished Associate Chartered Accountants (ACA) designation to 318 new chartered accountants at its 2016 Annual Convocation. The convention was held under the patronage of Mr. Timothy Speldewinde, Group Director of MAS Holdings and Mr. Lasantha Wickremasinghe, President of CA Sri Lanka […]
Australian women’s team in Sri Lanka for first cricket series
The Australian women’s cricket team the Southern Stars have arrived in Colombo for the first ever women’s cricket series between Australia and Sri Lanka. The world’s number one team in all formats of cricket, the Stars are in Sri Lanka for a four-match one-day series and a T20 match in September. Welcoming the Southern Stars […]
Sri Lanka’s Ambassador to North Korea presents credentials
Dr. Karunasena Kodituwakku, Ambassador for Sri Lanka to the Democratic Republic of Sri Lanka, with residence in Beijing presented his Credentials to the President of Presidium Kin Young Nam on 24th August at Mansadae Assembly Hall, in Pyongyang in North Korea. President of Presidium and Sri Lankan Ambassador discussed matters regarding friendly relations between Sri […]
‘s subordinated debt A(lka)(EXP)
Fitch Ratings has assigned Nations Trust Bank PLC’s (NTB, A(lka)/Stable) proposed Basel II compliant subordinated debentures of up to LKR5bn an expected National Long Term Rating of ‘A(lka)(EXP)’. The proposed debentures will mature in five years and carry fixed and floating coupons. The debentures are to be listed on the Colombo Stock Exchange. NTB plans to use the proceeds to […]
CA Sri Lanka’s Annual Convocation Thursday
(PRESS RELEASE) – The Annual Convocation of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), which is the most anticipated event in the institute’s academic calendar, will be held on Thursday, 15th September 2015 under the patronage of Mr. Timothy Speldewinde, Group Director of MAS Holdings, who will be the Chief Guest […]
China’s strategic Silk Route region in direct opening to Sri Lanka
(PRESS RELEASE) – Sri Lanka-China historic relations appear to be dating back way earlier than currently believed, according to revelations by a top Chinese official-and strategic frontier province in China’s 21st Century Maritime Silk Route plan calls to expand trade and friendly cooperation with Sri Lanka – almost on its own. “I believe that with […]