Category: Other
” on sovereign downgrade
Fitch Ratings has downgraded the Insurer Financial Strength (IFS) rating of Sri Lanka Insurance Corporation (SLIC) to ‘B’ from ‘B+’. The Outlook is Stable. The rating action follows the downgrade of Sri Lanka’s Long-Term Local-Currency Issuer Default Rating (IDR) to ‘B’ from ‘B+’ (see “Fitch Downgrades Sri Lanka to ‘B’; Outlook Stable,” dated 3 December […]
Central Bank of Sri Lanka hosts 54th SEACEN Governors’ Conference
The Central Bank of Sri Lanka hosted the 54th SEACEN Governors’ Conference / High-Level Seminar and the 38th Meeting of the SEACEN Board of Governors in Colombo from 29 November to 02 December 2018. These events were attended by Governors and delegates of SEACEN member Central Banks and Monetary Authorities. The Deputy Managing Director of […]
Appeal Court issues interim order preventing PM & Cabinet from functioning
Dec 03, 2018 (LBO) – Sri Lanka’s Court of Appeal on Monday issued an interim order restraining Prime Minister Mahinda Rajapaksa and the Cabinet from functioning until the petition against them is heard. Notices have also been issued to respondents to appear before the court on 12 December 2018. Judges who considered the arguments presented by […]
High Commissioner of Sri Lanka in UK calls on Commonwealth Sec-Gen
The newly appointed High Commissioner of Sri Lanka in the United Kingdom Manisha Gunasekera called on the Commonwealth Secretary-General Patricia Scotland on Thursday 29 November 2018 at the Commonwealth Secretariat in Marlborough House.The meeting entailed discussion on issues of mutual interest related to Sri Lanka’s longstanding cooperation within the Commonwealth.High Commission of Sri Lanka London
Sri Lankan IT-BPM delegation visits Sydney for market expansion
In collaboration with the Consulate General of Sri Lanka in Sydney, seven IT-BPM companies led by Information and Communication Technology Agency (ICTA) visited Sydney from 28 – 30 November 2018 on an accelerated market access programme to facilitate and support the IT industry in Sri Lanka. Under the Economic Diplomacy Program initiated by the Ministry […]
‘s Aitken Spence commences 150 years celebrations
Aitken Spence inaugurated its 150th Anniversary Celebrations with a religious blessings ceremony that commenced on Friday, 30th November. The ceremony was held at Aitken Spence Towers in Colombo with the participation of senior religious leaders, board of directors, senior management and long-standing staff. The religious blessings were invoked by His Eminence Malcolm Cardinal Ranjith, Venerable […]
Dialog & Ideamart launch NB-IoT Development Board to accelerate innovations
Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, and Ideamart, a platform for developers and content providers, announced the production of a Narrowband – Internet of Things (NB-IoT) development board, to encourage and facilitate IoT innovations and developments in the country by the local developer community. NB-IoT is a standards-based, low power wide area (LPWA) […]
MR says Executive President has powers to call for general election
Dec 03, 2018 (LBO) – With petitions filed against the dissolution of Parliament fixed for argument on December 4, 5 and 6 disputed Prime Minister, Mahinda Rajapaksa in an address to the nation last evening showed historical instances when general elections were called to resolve political crises in the island. “From the time of our first Parliament, elections […]
President reiterates appointing experienced and qualified professionals to Govt positions
Nov 28, 2018 (LBO) – Sri Lanka’s cabinet of ministers emphasised appointing experienced and qualified professionals as chairpersons and director board members, to accomplish the objectives and goals of statutory boards. Accordingly, the Cabinet of Ministers approved the proposal presented by the president Maithreepala Sirisena to appoint a committee chaired by the presidential secretary to present […]
Sarath Amunugama meets Chinese Ambassador
Sri Lanka’s Foreign Ministry says Minister of Foreign Affairs Dr. Sarath Amunugama met Chinese Ambassador Cheng Xueyuan at the foreign ministry yesterday to discuss matters of mutual interest.
Ceylinco Life appoints eminent banker Jegan Durairatnam to its Board
Ceylinco Life Insurance Limited (Ceylinco Life) has announced the appointment of career banker Jegan Durairatnam to its Board as an Independent Non-Executive Director with effect from 14th November 2018. Mr Durairatnam recently retired as Managing Director and CEO of Commercial Bank of Ceylon after a distinguished 36-year career with Sri Lanka’s benchmark private bank, during […]
SEC hosts APEC FRTI Regional Seminar on Enforcement and Litigation
The Securities and Exchange Commission of Sri Lanka (SEC) hosted a five day Asia Pacific Economic Cooperation (APEC) Financial Regulators Training Initiative (FRTI) from 12th to 16th November 2018 at the Cinnamon Grand Colombo on “Enforcement and Litigation” The APEC Finance Ministers endorsed the establishment of the FRTI to enhance training efforts for Financial Regulators at national and […]