Category: Other
‘s Insurance A+(lka); outlook stable
Fitch Ratings has assigned Sri Lanka-based People’s Insurance PLC a National Insurer Financial Strength (IFS) Rating and National Long-Term Rating of ‘A+(lka)’. The Outlook is Stable. KEY RATING DRIVERS The ratings reflect the non-life insurer’s strong domestic business profile, which is supported by its association with the People’s Bank (Sri Lanka) (PB, AA+(lka)/Stable) group, strong […]
Fitch Affirms Richard Pieris &”; Outlook Stable
(PRESS RELEASE) Fitch Ratings-Colombo-26 February 2018: Fitch Ratings has affirmed Sri Lanka-based conglomerate Richard Pieris & Company PLC’s (RICH) National Long-Term rating at ‘A(lka)’ with a Stable Outlook. Fitch has also affirmed the National rating on RICH’s outstanding senior unsecured debentures at ‘A(lka)’. The affirmation of RICH’s ratings reflects our view that the improvement in […]
DIMO Agribusinesses partners Plantchem and Plantseeds to boost local agriculture
(PRESS RELEASE) – DIMO Agribusinesses, the agriculture arm of Diesel & Motor Engineering PLC (DIMO), recently entered into partnership with Plantchem (Pvt) Limited and Plantseeds (Pvt) Limited to expand its footprint in the Agriculture business. The new partnership will enable DIMO Agribusinesses to expand its product portfolio in crop care solutions, seeds and other agriculture […]
Elon Musk starts SpaceX mission to provide broadband from satellites
Feb 23, 2018 (LBO) – SpaceX made history yet again with the successful deployment of first two Starlink global internet demo satellites to orbit, opening a new generation of satellite technologies that will provide broadband services.Starlink is a satellite constellation development project underway by SpaceX. On Thursday, Falcon 9 launched the two demo satellites called […]
Nestlé delivers Rs37.6bn sales in 2017 amidst challenging market conditions
Continues to invest in Sri Lanka with new products and capacity expansion Revenue of Rs. 37.6 billion for the full year 2017 (up 3.1%) Revenue of Rs. 10 billion in Q4 (up 15.6%) Net profit of Rs. 3.6 billion for the full year and Rs. 1.2 billion for the quarter Severe […]
Sri Lanka up 4 notches to 91 on Corruption index
Feb 23, 2018 (LBO) – Sri Lanka has moved up four places to 91st from 95th, in the Corruption Perceptions Index (CPI) 2017 released by Transparency International with the island failing to show significant improvement. The index ranks 180 countries and territories by their perceived levels of public sector corruption. This year, New Zealand and Denmark rank highest […]
16 top companies come onboard as CA Sri Lanka Training Partners
The training partner portfolio of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) received a fresh boost recently with 16 top companies coming on board to provide practical training for Business & Corporate level students of the institute. Accordingly, Ansell Lanka (Pvt) Ltd, Business Promoters & Partners Engineering (Pvt) Ltd, Co-operative Insurance […]
Seylan Bank rewards iPhone X through Facebook competition
As a part of the social and digital media efforts of Seylan Bank, many events and special occasions have been digitalized to provide their customers the best they could offer. Connecting with their fan base Seylan Bank has a variety of activations to get their customers engaged. The iphone competition held in December 2017 attracted […]
Buoyant property market witnessed at the Lanka Property Show 2018
Colombo : The 2018 edition of the Lanka Property Show was concluded successfully, drawing praise from both exhibitors and visitors. The event, which was organised by Sri Lanka’s leading property website LankaPropertyWeb.com, is the largest property show in the country and was held on the 16th and 17th of February at the Kingsbury Hotel. The […]
Ariyana Resort Apartments launched by Home Lands Skyline
Going somewhere else to relax your mind & body will soon to be outdated, with the initiation of Home Lands Skyline’s – ARIYANA Resort Apartments – one of its kind of project, which has already changed the concept of apartment living. For the first time in Sri Lanka, with ARIYANA Resort Apartments, Home Lands Skyline […]
Sri Lankan start-ups pitch for MTI’s idea2fund venture challenge platform
The 3rd wave of MTI’s ‘idea2fund’ successfully completed the second round’s concept presentations on the 17th of February at the Hilton Colombo. ‘idea2fund’ is a venture challenge platform powered by MTI Corporate Finance for aspiring entrepreneurs to pitch venture ideas, connect with potential investors and receive consulting advisory & implementation support through MTI Consulting. 17 […]
Sri Lanka receives South Asia Procurement Innovation Award
Sri Lanka has received the South Asia Procurement Innovation Award 2017- 2018 at the Fifth South Asia Region Public Procurement Conference held from February 5 – 8, 2018 in New Delhi. A case story on the path breaking reform submitted by the Department of Public Finance of the Ministry of Finance and Mass Media was […]