Category: In Pictures
MR, Dinesh, Jonston & Lohan to visit Malaysia this week
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”; Outlook Stable
(PRESS RELEASE) – Colombo30 August 2016: Fitch Ratings has affirmed Sri Lankabased Lion Brewery (Ceylon) PLC’s (Lion) National LongTerm Rating of ‘AA(lka)’ with a Stable Outlook. Fitch has also affirmed the National LongTerm Rating of ‘AA(lka)’ on Lion’s outstanding senior unsecured debentures. Fitch has maintained a Stable Outlook despite Lion’s weakening credit metrics due to […]
Sri Lankan firms asked to implement ‘sourcing strategies’ during a Ceylon Chamber seminar
An expert asks Sri Lankan firms to have a sound ‘sourcing strategy’ in order to help improve the overall business performance by sourcing the rights products at the right price and at the right time. Tom Albrigston, a director at the Norway based Fair Deal AS, said it is important for firms to have an […]
Fitch affirms Sri Lanka Insurance Corporation at IFS B+/Negative
Fitch Ratings has affirmed Sri Lanka Insurance Corporation Limited’s (SLIC) Insurer Financial Strength (IFS) rating at ‘B+’ with a Negative Outlook. The agency has also affirmed the National IFS rating and National Long-Term Rating at ‘AA(lka)’ with a Stable Outlook. KEY RATING DRIVERS SLIC’s IFS rating is capped by Sri Lanka’s Long-Term Local-Currency Issuer Default […]
Virtusa, highest forex earner of computer related services at Export Awards
VirtusaPolaris, the market-facing brand of Virtusa Corporation and Polaris Consulting & Services, Ltd. and a leading worldwide provider of information technology (IT) consulting and outsourcing services, was recognized as the ‘The Highest Foreign Exchange Earner of the Computer Related Services’ for 2014 at the 20th Presidential Export Awards. Held under the patronage of His Excellency […]
Sri Lankan horse owners make their mark in Mysore
(PRESS RELEASE) – La Donna, the fashionably bred 3 year old bay, daughter of multidimensional, out of Forest Treasure, bred at the Usha Stud, set the Mysore Racetrack alight when she won the Srikantadatta Narasimharaaja Wadiyar Memorial Million on Friday 26th August. Owned by the Sri Lanka based Mr. and Mrs. Rienzie Edwards, the filly […]
Emergency ambulance service for Western Province in two weeks
Indian State Minister of External Affairs VK Singh and Deputy Minister Harsha de Silva today observed the functions of the Galle District Emergency Ambulance Service. De Silva said this ambulance service will be extended to Western Province in another two weeks.
SriLankan flight schedule changes due to BIA runway work
SriLankan Airlines wishes to advise its valued customers of changes to its schedule over a three-month period commencing from 06th January 2017 to 06th April 2017,due to the closure of Colombo’s Bandaranaike International Airport from 0830 hours to 1630 hours each day for maintenance work on the runway. The following flights have been cancelled. However, […]
Huawei introduces “King of Fingerprint” series launching GR5 Mini in Sri Lanka
(PRESS RELEASE) – Huawei, the fastest growing smartphone in Sri Lanka announced the launch of its latest addition to the G Series family GR5 Mini to the country. Huawei together with its national distributor Singer Sri Lanka PLC will market the product through the island for an introductory price of LKR 29,999 enabling all Sri […]
CA Sri Lanka launches CPD online tool for members
In it’s efforts to stay ahead with technological advancements and provide its stakeholders with a range of updated services for their convenience and further development, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently launched the Continuing Professional Development (CPD) Online Tool for the benefit of it’s members. The CPD Online Tool […]
‘s subordinated debt A+(lka) (EXP)
Fitch Ratings has assigned Hatton National Bank PLC’s (HNB; AA(lka)/Stable) proposed subordinated debenture issue of up to LKR6bn an expected National LongTerm Rating of ‘A+(lka)(EXP)’. The debentures, which will have tenors of five and seven years and carry fixed coupons, will be listed on the Colombo Stock Exchange. HNB expects to use the proceeds to strengthen its Tier […]
VirtusaPolaris Receives Stevie Award for Investor Relations and Technical Innovation
(PRESS RELEASE) – WESTBOROUGH, Mass.,– VirtusaPolaris, the market-facing brand of Virtusa Corporation and Polaris Consulting & Services, Ltd., and a leading worldwide provider of information technology (IT) consulting and outsourcing services, announcedthat it has been awarded two Stevie Award recognitions; a Gold award for Investor Relations and a Silver award for Most Innovative Technology Company […]