Category: Other

Ceylon-Chamber-of-Commerce

Recurrence of a conflict will impact adversely on development: CCC

Statement from the Ceylon Chamber of Commerce The Ceylon Chamber of Commerce condemns religious and ethnic intolerance which has led to the current situation of unrest. We call upon those vested with authority to take stringent measures to control all efforts to perpetrate violence.We urge all persons to unite and provide leadership to prevent further […]

UN

UN urges authorities and citizens to ensure rule of law is upheld

Mar 08, 2018 (LBO) – The United Nations in Sri Lanka is concerned about the recent incidents of communal violence and condemns these acts in the strongest possible terms and called on all to uphold rule of law in the island.The United Nations urges authorities to take immediate action against perpetrators and to ensure that […]

computer media

How can a business achieve continuous growth and stability?

(PRESS RELEASE) – ezBiz App is an all-in-one solution offered to help small and medium scale businesses achieve growth and stability. thinkCube, which is a SaaS vendor offers ezBiz App as a service for small and medium scale businesses and is proud to announce the fact that ezBiz is currently one of the first SaaS […]

Mangala

Sri Lanka must make inciting racial violence a non bailable offence: Minister

Mar 06, 2018 (LBO) – Sri Lanka’s Finance and Media Minister Mangala Samaraweera said that inciting racial violence must be made a non bailable offence. “Enough is enough, the minister tweeted, yesterday “Inciting racial violence must be made a non bailable offence and politicians who give leadership to such violence should be deprived of their civic […]

lbo_fitchratings

”s senior debt AA-(lka)(EXP)

Fitch Ratings Lanka has assigned People’s Leasing & Finance PLC’s (PLC, B/AA-(lka)/Stable) proposed senior debenture issue of up to LKR6 billion an expected National Long-Term Rating of ‘AA-(lka)(EXP)’. The debentures, which will have tenors of four and five years and carry fixed coupons, will be listed on the Colombo Stock Exchange. PLC expects to use […]

First-Capital-Branch-Openings

First Capital fostering bonds with regional clients

First Capital Holdings PLC, further expanded its branch network in an effort to forester stronger bonds with regionally based clients.During the last year First Capital added a new branch in Negombo to its existing network, while also re-locating offices in Kandy, Kurunegala and Matara to state-of-the-art, stand-alone branches providing value-added products and solutions to both […]

Ravi Dadlani to lead CEAT Kelani JV as new Managing Director

CEAT Kelani Holdings has announced the appointment of Mr Ravi Dadlani as Managing Director of the company with effect from 1st March 2018. PreviouslyVice President Sales, Marketing & Exports at CEAT Kelani, a company he has already served for 11 years, Mr Dadlani succeeds Mr Vijay Gambhire, who returns to CEAT Limited India on completion […]

technology laptop internet

Techneed makes foray in to Sri Lankan IoT industry

Techneed (Pvt) Ltd., One of Sri Lanka’s growing high-tech IoT start-ups, today announced the deployment of its “Nurve IOT Gateway” in one of the largest Telecommunications Service Provider in Sri Lanka. Essentially the gateway enables the Service Provider to centrally monitor the environment variables in the Machine room, such as Temperature, Humidity, Movements, Water level, […]

The Shape of Water, wins big at 2018 Oscars

Mar 05, 2018 (LBO) – The 90th Academy Awards or the 2018 Oscars came to a close with “The Shape of Water” producers Guillermo del Toro and J. Miles Dale graciously accepting the best picture title. Guillermo del Toro also took home the Oscar for best directing.  The shape of water also secured two other […]

slt telecom

SLT group EBITDA improved by 5.4-pct, increasing depreciation affected bottom line

Sri Lanka Telecom (PLC) released its Group and Company financial performance 2017 today. The group comprised of 8 subsidiaries including Mobitel (Pvt) Ltd. During the reporting year Group Operating Profit Before Depreciation and Amortization (EBITDA) improved by 5.4% to Rs. 21.2 bn. This improvement is a result of revenue growth and minimum escalation of operational […]

Sampath-Bank-Sri-Lanka

‘s Basel III sub debt final A(lka)

Fitch Ratings has assigned Sampath Bank PLC’s (A+(lka)/Negative) proposed Basel III compliant subordinated debentures a National Long-Term Rating of ‘A(lka) ‘. The notes will total LKR7.5 billion, mature in five years and carry fixed coupons. The notes include a non-viability clause and will qualify as regulatory Tier II capital for the bank. The bank plans […]

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