Category: Other
Fitch rates DFCC Bank debenture issue at AA-(lka)( EXP)
Fitch Ratings has today assigned DFCC Bank PLC’s (DFCC; AA-(lka)/Stable) proposed senior unsecured debentures of up to LKR10bn an expected National Long-Term Rating of ‘AA-(lka)(EXP)’. The proposed debentures, which will have tenors of four and six years and carry fixed and floating coupons, will be listed on the Colombo Stock Exchange. DFCC expects to use […]
China, India and Hong Kong top investors in Sri Lankan real estate: Lamudi
China, India and Hong Kong are the top three countries currently investing in the Sri Lankan real estate market, according to new research from online real estate platform, Lamudi Sri Lanka.Lamudi Sri Lanka ranked the leading countries investing in Sri Lanka based on foreign direct investment (FDI), number of upcoming projects and buildings currently underway.With […]
Sri Lanka Telecom opens trading at CSE
Sri Lanka Telecom PLC (SLTL) opened trading on the Colombo Stock Exchange (CSE) yesterday (November 2). This event was yet another in a series of Market Opening Ceremonies, featuring the companies from the S&P SL20 index. Chairman Mr. P.G. Kumarasinghe Sirisena, Group Chief Executive Officer Mr. Dileepa Wijedsundera, Chief Marketing Officer Mr. Ajantha Seneviratne, Chief […]
Colombo Stock Exchange opens trading at London Stock Exchange
Minister of Finance, Ravi Karunanayake opened trading at the London Stock Exchange on 30th October 2015 together with the Chairman of Colombo Stock Exchange, Vajira Kulatilaka and the Director General of the Securities and Exchange Commission of Sri Lanka, Vajira Wijegunawardene.
1405 males, 836 females in Sri Lanka reported with HIV by end September
Nov 02, 2015 (LBO) – Sri Lanka has reported 1,405 males and 836 females with HIV by September this year, National AIDS Control programme latest data showed.From them 405 males and 182 females have been reported as AIDS infected, data showed. 2,241 cumulative HIV cases and 587 AIDS cases have been reported at the end of […]
Auditors can be watchdogs, we can be bloodhounds, says SEC Chairman
Nov 02, 2015 (LBO) – Sri Lanka’s Securities and Exchange Commission is seeking greater participation of auditors in keeping them informed of corporate malpractices, SEC Chairman Thilak Karunaratne told Lanka Business Online. “If they see anything out of the ordinary happening in a corporate, they could warn us. Let them be the watchdogs, we can […]
‘s maiden international championship
EZY Racing, the first ever Sri Lankan based motor racing team to compete internationally in a FIA accredited Championship were given their very first International Championship in just their second year in International Motor Sports, when their driving prodigy Mike Young secured the FIA Production Cup for 2015 for the Cusco EZY Racing Subaru Team […]
Infrastructure: Asian and Pacific cities need inclusive, sustainable future, says report
Oct 31, 2015 (LBO) – Asian and Pacific cities are facing growing gaps between urbanisation patterns and what is needed for an inclusive and sustainable future, a report by UN Habitat and UN ESCAP said. The State of Asian and Pacific Cities 2015 report covers 58 countries in the region including China, India, Australia and […]
Majoritarianism, very centre of post-independence failure: FM Mangala
Speech by Foreign Minister Mangala Samaraweera at the Commemoration of the 25th Anniversary of the Expulsion of Muslims from the Northern Province. I would like to thank the Sri Lanka Muslim Congress for organizing this commemoration of the 25th Anniversary of the Expulsion of Muslims from the North. At this historic juncture, when Sri Lanka is grappling […]
MR with Lawyers at BMICH
Former President Mahinda Rajapaksa on Thursday appeared before the Presidential Commission of Inquiry to Investigate and Inquire into Serious Acts of Fraud, Corruption and Abuse of Power, State Resources and Privileges (PRECIFAC) with regard to the alleged non-payment of bills to state owned ITN.
Indira, the first woman Chair of Lanka exports
The first woman to lead Sri Lankan exports took the helm of country’s apex export facilitator EDB on 29 October. “I am very confident of making a positive contribution to the export effort of our country” said Indira Malwatte (new Chairperson & CEO of EDB) on 29 October in Colombo. New EDB Chairperson Malwatte said […]
Trillion lead manages Sri Lanka’s first ‘Green’ Asset Backed Securitization
Trillion Investments Limited (Trillion), a licensed investment manager, regulated by the Securities and Exchange Commission of Sri Lanka, advised and lead managed Sri Lanka’s first “green” asset backed securitization. Pan Asia Banking Corporation PLC (Pan Asia Bank), who is making a concerted effort to positively contribute to reducing carbon footprint in Sri Lanka, fully subscribed […]